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Ethos Ltd

ETHOSLTD

Ethos Ltd

ETHOSLTD
Consumer DiscretionaryPrecious Metals, Jewellery & Watches
SmallcapWith a market cap of ₹5,570 cr, stock is ranked 704
High RiskStock is 3.09x as volatile as Nifty
2,445.357.46% (+169.70)
2,445.357.46% (+169.70)

Price Chart

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Consumer DiscretionaryPrecious Metals, Jewellery & Watches
SmallcapWith a market cap of ₹5,570 cr, stock is ranked 704
High RiskStock is 3.09x as volatile as Nifty
Scorecard

Performance

Low

Hasn't fared well - amongst the low performers

Valuation

High

Seems to be overvalued vs the market average

Growth

Avg

Financials growth has been moderate for a few years

Profitability

High

Showing good signs of profitability & efficiency

Entry point

Good

The stock is underpriced and is not in the overbought zone

Red flags

Low

No red flag found

How to use scorecard? Learn more

Consumer DiscretionaryPrecious Metals, Jewellery & Watches
SmallcapWith a market cap of ₹5,570 cr, stock is ranked 704
High RiskStock is 3.09x as volatile as Nifty

Key Metrics

No LabelNo LabelPB RatioPB RatioDividend YieldDiv. Yield
58.916.30—
Sector PESector PESector PBSector PBSector Div YldSctr Div Yld
35.496.350.79%

Forecast & Ratings

Detailed Forecast 
100%
Analysts have suggested that investors can buy this stock

from 1 analyst

Price

Price Upside

Earnings

Earnings Growth

Revenue

Rev. Growth

See Detailed Forecast

Company Profile

Ethos Ltd is an India-based vertical specialist in luxury watches and accessories. The Company is engaged in the trading of watches, accessories and luxury items, marketing and support services, and rendering of related after sale services.

Investor Presentation

View older 

Nov 8, 2024

PDF
View Older Presentations
PE Ratio
81.99
1Y Return
10.38%
Buy Reco %
61.29
PE Ratio
90.90
1Y Return
34.08%
Buy Reco %
100.00
PE Ratio
54.58
1Y Return
22.89%
Buy Reco %
100.00
PCJEWELLER
PE Ratio
-12.59
1Y Return
148.12%
Buy Reco %
—
PE Ratio
40.40
1Y Return
6.15%
Buy Reco %
100.00
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Forecasts

Price

Revenue

Earnings

Income

Balance Sheet

Cash Flow

Income Statement

Industry refers to the sub-sector this company belongs to.

Higher than Industry Revenue Growth

A higher-than-industry revenue growth represents increased potential for the company to increase their market share

Over the last 5 years, revenue has grown at a yearly rate of 18.12%, vs industry avg of 10.23%

Increasing Market Share

Market share is the percentage of an industry's total sales going to a particular company. It gives a general idea of the size of a company v/s its competitors

Over the last 5 years, market share increased from 0.19% to 0.26%

Higher than Industry Net Income

Net income is equal to net earnings (profit) less expenses. This number is an important measure of how profitable the company is

Over the last 5 years, net income has grown at a yearly rate of 44.18%, vs industry avg of 8.55%

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Financial YearFY 2019FY 2020FY 2021FY 2022FY 2023FY 2024TTM
Total Revenue445.10461.01403.13590.08803.591,023.281,219.63
Raw Materialssubtract349.88342.05260.85463.29634.32798.181,014.89
Power & Fuel Costsubtract1.231.390.961.162.022.67
Employee Costsubtract33.1333.1729.2042.3852.6870.36
Selling & Administrative Expensessubtract50.9127.8724.3939.5056.2354.40
Operating & Other expensessubtract-27.80-2.0428.58-40.75-77.15-84.35
Depreciation/Amortizationsubtract4.8532.7932.5231.5134.6348.6758.80
Interest & Other Itemssubtract11.0723.7919.9121.4820.1822.0318.29
Taxes & Other Itemssubtract8.463.321.968.1420.3828.0233.09
EPS7.91-0.762.6112.5328.4334.8338.63
DPS0.000.000.000.000.000.000.00
Payout ratio0.000.000.000.000.000.000.00

Company Updates

Annual Report and Investor Presentation updates mentioned here are as reported by the company to the exchange
FY 2022

Annual report

PDF

Investor Presentation

May 31PDF
FY 2023

Annual report

PDF

Investor Presentation

May 12PDF
Feb 3PDF
Nov 4PDF
+2 more
FY 2024

Annual report

PDF

Investor Presentation

Aug 5PDF
FY 2025

Annual Report Pending

Investor Presentation

Nov 8PDF
 

Peers & Comparison

Comparing 3 stocks from 
Consumer DiscretionaryPrecious Metals, Jewellery & Watches

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StockPE RatioPE RatioPB RatioPB RatioDiv. YieldDividend Yield
Ethos Ltd66.886.30—
Titan Company Ltd81.9930.520.34%
Kalyan Jewellers India Ltd90.9012.970.23%
P N Gadgil Jewellers Ltd54.5815.77—

Price Comparison

Compare ETHOSLTD with any stock or ETF
Compare ETHOSLTD with any stock or ETF
ETHOSLTD
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Shareholdings

Promoter Holdings Trend

Decreased Total Promoter Holding

Increasing promoter holding is considered good and reflects management’s positive view about the future outlook

In last 6 months, promoter holding in the company has decreased by 3.91%

Low Pledged Promoter Holding

Lower pledged promoter holdings is considered better

Pledged promoter holdings is insignificant

Institutional Holdings Trend

Total Retail Holding

Increasing retail holding can be considered bad as it can reflect that institutions and promoters are selling their stake which is being absorbed by retail investors.

In last 3 months, retail holding in the company has almost stayed constant

Foreign Institutional Holding

Foreign Institutional Holding is quantum of stock held by foreign large-quantities-trading entities. Increasing value indicates growing support and comfort for the stock

In last 3 months, foreign institutional holding of the company has almost stayed constant

Tickertape Separator

Shareholding Pattern

Retail and OthersForeign InstitutionsOther Domestic InstitutionsMutual FundsTotal Promoter Holding50.79%14.38%2.20%12.60%20.02%

Mar 2024

Jun 2024

Sep 2024

Dec 2024

Shareholding History

SepDec '23MarJunSepDec '246.70%10.41%11.28%11.21%12.28%12.60%

Mutual Funds Holding Trend

Mutual Fund Holding

Increasing Mutual Fund holdings are generally considered good, as it reflects that fund managers are becoming more bullish about the stock

In last 3 months, mutual fund holding of the company has almost stayed constant

Top 5 Mutual Funds holding Ethos Ltd




Funds (Top 5)Market-cap heldWeight3M holding changePortfolio rank
(3M change)
7.2866%2.51%-0.54%10/74 (-2)
2.0935%2.07%-0.62%18/60 (-8)
1.8195%1.62%-0.53%28/50 (-8)

Compare 3-month MF holding change on Screener

Insider Trades & Bulk Deals

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smallcases

A smallcase is a basket of stocks/ETFs that represents an idea or theme.Diversify your risk and buy smallcases that have Ethos Ltd

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Bringing the Bling

Bringing the Bling

Created by Windmill Capital

ETHOSLTD's Wtg.
9.43%
CAGR
15.59%

Events

Dividend Trend

No Dividends

Dividends are the portion of earnings that a company distributes to all its shareholders every year

ETHOSLTD has not given any dividends in last 5 years

Dividends

Corp. Actions

Announcements

Legal Orders

Dividends

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News & Opinions
Earnings
Ethos consolidated net profit rises 15.56% in the December 2024 quarter

Net profit of Ethos rose 15.56% to Rs 29.49 crore in the quarter ended December 2024 as against Rs 25.52 crore during the previous quarter ended December 2023. Sales rose 31.54% to Rs 369.93 crore in the quarter ended December 2024 as against Rs 281.22 crore during the previous quarter ended December 2023. ParticularsQuarter EndedDec. 2024Dec. 2023% Var. Sales369.93281.22 32 OPM %15.3515.84 - PBDT57.3646.88 22 PBT40.6134.36 18 NP29.4925.52 16 Powered by Capital Market - Live

3 hours agoCapital Market - Live
Corporate
Ethos appoints director

Ethos has appointed Mukul Krishan Khanna as the Additional/Whole time Director (DIN - 10939041) for a period of 3 (three) years with effect from 01 April 2024. Powered by Capital Market - Live

5 hours agoCapital Market - Live
Spotlight
Ethos rises after Q3 PAT climbs 15% YoY to Rs 29 cr

Revenue from operations jumped 31.54% YoY to Rs 369.92 crore in Q3 FY25. Profit before tax (PBT) was at Rs 40.61 core in Q3 FY25, up 18.22% as compared with Rs 34.35 crore in Q3 FY24. EBITDA jumped 23.6% to Rs 62.8 crore in Q3 FY25 as compared with Rs 50.8 crore in Q3 FY24. EBITDA margin fell to 16.7% in Q3 FY25 as against 17.7% in Q3 FY24. Total billings jumped 31.4% to Rs 431 crore in Q3 FY25 as compared with Rs 328 crore in Q3 FY24. Digitally assisted sale stood at Rs 146.4 crore in Q3 FY25, up 53.9% as compared with Rs 95.1 rcore in Q3 FY24. 0 Total expenses jumped 32.21% to Rs 334.81 crore as compared with Rs 253.24 crore posted in corresponding quarter last year. Purchase of stock-in-trade stood at Rs 311.48 crore (up 39.09% YoY), employee benefit expense was at Rs 24.34 crore (up 48.96% YoY), finance cost stood at Rs 5.16 crore ( up 28.04% YoY) during the period under review. Commenting on the results by Pranav Saboo ' MD & CEO, said, ' EBITDA for Q3 FY25 increased by 23.6% to Rs 62.8 crore, compared to Rs 50.8 crore in Q3 FY24. Similarly, EBITDA for 9M FY25 grew by 22.8% to Rs 160.7 crore, up from Rs 130.9 crore in 9M FY24. EBITDA margins stood at 16.7% in Q3 FY25 (versus 17.7% in Q3 FY24) and 16.8% in 9M FY25 (versus 17.2% in 9M FY24). This slight margin contraction was due to higher costs associated with increased manpower for new store additions and rent for newly opened stores, which are still in the early stages of generating sales. In Q3, we added 5 stores taking our count in 9MFY25 to 13 new stores and overall count to 73 stores. This year, the company entered three new cities'Dehradun, Kochi, and Mangaluru and the 2nd Duty-Free Store at Bengaluru Airport, bringing our presence to 26 cities The implementation of the Graded Response Action Plan (GRAP) for pollution control in Delhi/NCR was in effect for 52 days. However, its impact on the construction and renovation of new boutiques extended to 75 days due to the intermittent imposition and lifting of restrictions. This unpredictability led to challenges in manpower deployment, as construction labour is fungible and often reassigned to other locations during periods of restriction. Consequently, the opening of seven new boutiques, including the renovation of the existing boutiques. Despite these challenges, we remain committed to our expansion strategy and aim to open six additional boutiques by the end of FY25, further strengthening our presence in key markets. In line with our strategic focus, we have also signed six new exclusive brand partnerships since A. In line with our strategic focus, we have also signed six new exclusive brand partnerships since April, with additional collaborations in the pipeline. Revenue from exclusive brands contributed 29.7% of total revenue in Q3 FY25 and 29.5% in 9M FY25, underscoring the growing significance of this segment.' Ethos is India's largest chain of luxury watch boutiques with 66 stores across 26 cities in India, and over 65 premium overall brand portfolios and more than 55 exclusive brand portfolios of the world's top luxury watch brands.Powered by Capital Market - Live

5 hours agoCapital Market - Live
Corporate
Ethos to announce Quarterly Result

Ethos will hold a meeting of the Board of Directors of the Company on 14 February 2025.Powered by Capital Market - Live

1 week agoCapital Market - Live
Earnings
Ethos consolidated net profit rises 14.31% in the September 2024 quarter

Net profit of Ethos rose 14.31% to Rs 21.25 crore in the quarter ended September 2024 as against Rs 18.59 crore during the previous quarter ended September 2023. Sales rose 26.32% to Rs 297.13 crore in the quarter ended September 2024 as against Rs 235.22 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales297.13235.22 26 OPM %14.1515.84 - PBDT43.6437.62 16 PBT28.6424.92 15 NP21.2518.59 14 Powered by Capital Market - Live

3 months agoCapital Market - Live
Corporate
Ethos schedules AGM

Ethos announced that the Annual General Meeting (AGM) of the company will be held on 27 September 2024.Powered by Capital Market - Live

4 months agoCapital Market - Live
Corporate
Ethos AGM scheduled

Ethos announced that the Annual General Meeting (AGM) of the company will be held on 27 September 2024.Powered by Capital Market - Live

5 months agoCapital Market - Live
Earnings
Ethos consolidated net profit rises 25.55% in the June 2024 quarter

Net profit of Ethos rose 25.55% to Rs 22.80 crore in the quarter ended June 2024 as against Rs 18.16 crore during the previous quarter ended June 2023. Sales rose 18.79% to Rs 273.25 crore in the quarter ended June 2024 as against Rs 230.02 crore during the previous quarter ended June 2023. ParticularsQuarter EndedJun. 2024Jun. 2023% Var. Sales273.25230.02 19 OPM %15.7814.75 - PBDT44.9935.02 28 PBT30.6724.29 26 NP22.8018.16 26 Powered by Capital Market - Live

6 months agoCapital Market - Live
Spotlight
Ethos Q1 PAT rises 26% YoY to Rs 23 cr

Revenue from operations grew by 18.79% to Rs 273.25 crore in Q1 FY25 from Rs 230.02 crore recorded in the same period a year ago. Profit before tax stood at Rs 30.67 crore in Q1 FY25, up 26.27% as against Rs 24.29 crore recorded in Q1 FY24. EBITDA for the quarter was at Rs 49.7 crore, registering a growth of 28.7% on YoY basis. EBITDA margin improved to 17.8% in Q1 FY25, as compared to 16.4% reported in the corresponding quarter previous year. Ethos is India's largest chain of luxury watch boutiques with 66 stores across 26 cities in India, and over 65 premium overall brand portfolios and more than 55 exclusive brand portfolios of the world's top luxury watch brands. Shares of Ethos dropped 2.35% to Rs 3,105.85 on the BSE. Powered by Capital Market - Live

6 months agoCapital Market - Live
Corporate
Ethos schedules board meeting

Ethos will hold a meeting of the Board of Directors of the Company on 14 August 2024.Powered by Capital Market - Live

6 months agoCapital Market - Live