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Ethos Ltd

ETHOSLTD Share Price

2,704.400.00% (+0.00)
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With a market cap of ₹7,236 cr, stock is ranked 663

Stock is 3.03x as volatile as Nifty

ETHOSLTD Stock 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

With a market cap of ₹7,236 cr, stock is ranked 663

Stock is 3.03x as volatile as Nifty

ETHOSLTD Performance & Key Metrics

ETHOSLTD Performance & Key Metrics

No LabelNo LabelPB RatioPB RatioDividend YieldDiv. Yield
75.168.19
Sector PESector PESector PBSector PBSector Div YldSctr Div Yld
38.986.370.58%

ETHOSLTD Analyst Ratings & Forecast

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

from 1 analyst

Price Upside

Earnings Growth

Rev. Growth

See Detailed Forecast

ETHOSLTD 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 View older 

May 5, 2025

PDF
View Older Presentations

ETHOSLTD Similar Stocks (Peers)

Compare with peers Compare with peers 

ETHOSLTD Similar Stocks (Peers)

Compare with peers Compare with peers 
PE Ratio
97.79
97.79
1Y Return
9.48%
9.48%
Buy Reco %
76.67
76.67
PE Ratio
84.14
84.14
1Y Return
19.22%
19.22%
Buy Reco %
100.00
100.00
PCJEWELLER
PE Ratio
15.96
15.96
1Y Return
174.04%
174.04%
Buy Reco %
0.00
0.00
PE Ratio
37.19
37.19
1Y Return
24.59%
24.59%
Buy Reco %
100.00
100.00
PE Ratio
17.73
17.73
1Y Return
29.99%
29.99%
Buy Reco %
0.00
0.00
Compare with Peers

ETHOSLTD Sentiment Analysis

ETHOSLTD Sentiment Analysis

New
Crisp summary & key insights to decode earnings calls instantly

ETHOSLTD Stock Summary · May 2025

Ethos Limited demonstrated robust financial performance with a 25.3% year-on-year revenue increase, reaching INR 1,252 crores, while successfully expanding its boutique network despite regulatory challenges. The company is strategically focusing on enhancing inventory management to address elevated levels and improve return on capital employed, as it prepares for significant growth in Tier 2 cities and the pre-owned luxury segment. While optimism surrounds future profitability, particularly with the anticipated EFTA agreement, management remains cautious about market conditions, including currency volatility and pricing strategies. A rebranding initiative aims to bolster digital engagement, reflecting a commitment to long-term growth and customer loyalty amidst operational complexities.

ETHOSLTD Stock Growth Drivers
ETHOSLTD Stock Growth Drivers
8
  • Strong Financial Performance

    Ethos Limited reported a significant revenue increase of 25.3% year-on-year for FY '24-'25, reaching INR

  • Strategic Expansion and New Initiatives

    Ethos Limited has successfully opened multiple new boutiques, including India's largest horological project, the City

ETHOSLTD Stock Challenges
ETHOSLTD Stock Challenges
4
  • Operational Challenges Due to Regulatory Restrictions

    The company faced significant operational challenges due to the implementation of GRAP IV restrictions in

  • Elevated Inventory Levels and Revenue Generation Delays

    During the ramp-up phase of new boutique openings, the company experienced elevated inventory levels as

ETHOSLTD Forecast

ETHOSLTD Forecasts

Price

Revenue

Earnings

ETHOSLTD

ETHOSLTD

Income

Balance Sheet

Cash Flow

ETHOSLTD Income Statement

ETHOSLTD 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 22.58%, vs industry avg of 17.72%

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 0.18% to 0.92%

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Financial YearFY 2019FY 2020FY 2021FY 2022FY 2023FY 2024FY 2025TTM
Total Revenue445.10461.01403.13590.08803.591,023.281,275.931,275.93
Raw Materialssubtract349.88342.05260.85463.29634.32798.181,063.421,063.42
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/Amortizationsubtract4.8532.7932.5231.5134.6348.6763.0063.01
Interest & Other Itemssubtract11.0723.7919.9121.4820.1822.0319.4419.45
Taxes & Other Itemssubtract8.463.321.968.1420.3828.0233.7833.77
EPS7.91-0.762.6112.5327.8833.6537.9937.99
DPS0.000.000.000.000.000.000.000.00
Payout ratio0.000.000.000.000.000.000.000.00

ETHOSLTD Company Updates

Annual Report and Investor Presentation updates mentioned here are as reported by the company to the exchange
FY 2025FY 2025

Annual Report Pending

Investor Presentation

May 5PDF
Nov 8PDF
FY 2024FY 2024

Annual report

PDF

Investor Presentation

Aug 5PDF
FY 2023FY 2023

Annual report

PDF

Investor Presentation

May 12PDF
Feb 3PDF
Nov 4PDF
+2 more
FY 2022FY 2022

Annual report

PDF

Investor Presentation

May 31PDF
 

ETHOSLTD Stock Peers

ETHOSLTD Past Performance & Peer Comparison

ETHOSLTD Past Performance & Peer Comparison

Comparing 3 stocks from 
Consumer DiscretionaryPrecious Metals, Jewellery & Watches

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StockPE RatioPE RatioPB RatioPB RatioDiv. YieldDividend Yield
Ethos Ltd75.158.19
Titan Company Ltd97.7928.070.30%
Kalyan Jewellers India Ltd84.1414.360.26%
PC Jeweller Ltd15.963.14

ETHOSLTD Stock Price Comparison

Compare ETHOSLTD with any stock or ETF
Compare ETHOSLTD with any stock or ETF
ETHOSLTD
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ETHOSLTD Holdings

ETHOSLTD Shareholdings

ETHOSLTD Promoter Holdings Trend

ETHOSLTD Promoter Holdings Trend

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 almost stayed constant

Low Pledged Promoter Holding
Lower pledged promoter holdings is considered better

Pledged promoter holdings is insignificant

ETHOSLTD Institutional Holdings Trend

ETHOSLTD 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

ETHOSLTD Shareholding Pattern

ETHOSLTD Shareholding Pattern

Retail and OthersForeign InstitutionsOther Domestic InstitutionsMutual FundsTotal Promoter Holding50.58%15.56%2.28%12.56%19.01%

Jun 2024

Sep 2024

Dec 2024

Mar 2025

ETHOSLTD Shareholding History

ETHOSLTD Shareholding History

Dec '23MarJunSepDec '24Mar10.41%11.28%11.21%12.28%12.60%12.56%

Mutual Funds Invested in ETHOSLTD

Mutual Funds Invested in ETHOSLTD

No mutual funds holding trends are available

Top 5 Mutual Funds holding Ethos Ltd




Funds (Top 5)Market-cap heldWeight3M holding changePortfolio rank
(3M change)
6.7341%2.80%-0.01%10/74 (-1)
1.8770%2.06%-0.24%21/53 (-3)
1.6314%1.63%-0.14%27/52 (-3)

Compare 3-month MF holding change on Screener

ETHOSLTD Insider Trades & Bulk Stock Deals

ETHOSLTD Insider Trades & Bulk Stock Deals

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smallcases containing ETHOSLTD stock

smallcases containing ETHOSLTD stock

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 Theme

Bringing the Bling Theme

Created by Windmill Capital

ETHOSLTD's Wtg.
10.40%
10.40%
CAGR
24.99%

ETHOSLTD Events

ETHOSLTD Events

ETHOSLTD 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

ETHOSLTD 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

ETHOSLTD Dividends

ETHOSLTD Dividends

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ETHOSLTD Stock News & Opinions

ETHOSLTD Stock News & Opinions

Spotlight
Ethos acquires Dubai subsidiary to boost Middle East presence

According to a regulatory filing, Ethos acquired 300 equity shares of AED 1,000 each, amounting to an initial paid-up capital of AED 300,000. The acquisition was completed on 16 June 2025. Ficus Trading LLC was incorporated on 17 April 2025 in Dubai, UAE, and will be engaged in the trading of watches, clocks, and their spare parts. The company aligns with Ethos' core business and is expected to strengthen its presence in overseas markets. As the entity is newly incorporated, historical turnover figures are not applicable. The company confirmed that Ficus Trading LLC is a related party, but the promoters or promoter group do not have any direct interest in the subsidiary. Ethos is one of India's leading retailers of luxury and premium watches, established in 2003. On a year-on-year basis, the company's consolidated net profit advanced 8.17% to Rs 22.75 crore on a 23.28% increase in revenue to Rs 311.32 crore in Q4 FY25 over Q4 FY24. Powered by Capital Market - Live

2 weeks agoCapital Market - Live
Corporate
Board of Ethos approves terms of proposed rights issue

The Board of Ethos at its meeting held on 06 June 2025 has approved the following in relation to rights issue of the company: A Instrument being Issued : Fully paid-up Equity Shares of Face Value of Rs 10/- each. B Rights Issue Shares : 22,77,250 fully paid-up Equity Shares of the Face Value of Rs 10/- each for an aggregate amount not exceeding Rs 409,90,50,000 (Rupees Four Hundred and Nine Crores Ninety Lakhs Fifty Thousand only)* *Assuming full subscription with respect to Rights Equity Shares. C Rights Issue Price : Rs 1,800/- (Rupees One Thousand and Eight Hundred only) per fully paid up Rights Equity Share (including premium of Rs  1,790/- (One Thousand Seven Hundred and Ninety only ) per fully paid-up Rights Equity Share. The entire Issue Price will be payable at the time of making the application in the Issue. D Rights Issue Size : Rs  409,90,50,000/ (Rupees Four Hundred and Nine Crores Ninety Lakhs Fifty Thousand only)*   *Assuming full subscription with respect to Rights Equity Shares. E Rights Entitlement Ratio : 4 (Four) Rights Equity Shares for every 43 (Forty Three) fully paid-up Equity Shares held by eligible shareholders as on the Record Date. F Record date : For the purpose of determining the shareholders eligible to apply for the equity shares in the Rights Issue as Thursday, June 12, 2025 (Record Date). G Rights Issue Schedule: Issue Opening Date : Friday, June 20, 2025 Last date for On Market Renunciation of Rights Entitlements: Monday, June 30, 2025 Last date for off market renunciation: Wednesday, July 2, 2025 Powered by Capital Market - Live

3 weeks agoCapital Market - Live
Corporate
Ethos schedules board meeting

Ethos will hold a meeting of the Board of Directors of the Company on 6 June 2025.Powered by Capital Market - Live

4 weeks agoCapital Market - Live
Spotlight
ICRA reaffirms ratings of Ethos at 'A+' with 'stable' outlook

ICRA stated that the rating reaffirmation factors in ICRA's expectations that Ethos will continue to maintain a satisfactory financial profile, led by a healthy YoY growth in its revenues and profit margins. Healthy demand in the luxury watches retail segment in India, increasing average selling prices, as well as the ongoing store network expansion augur well for the company's business prospects and are expected to strengthen the company's market position. Furthermore, the consistent increase in exclusive brand arrangements and growing traction in the new lifestyle vertical (Rimowa and Messika), along with the international expansion in Dubai will continue to support the company's margin profile. The company's credit metrics have remained comfortable with benefits accruing from the growing scale amid healthy demand from luxury and high-end luxury segments, regular fund raising and limited external debt on its books. ICRA expects Ethos' credit metrics to remain healthy, led by strong liquidity position and benefits accruing from its retail network expansion. The rating continues to favourably factor in Ethos' position as the largest organised luxury watch retailer in the country. The ratings are further supported by the expected pick-up in the performance of the parent company, KDDL Limited, over the medium term. The ratings, however, are constrained by the inherently working-capital intensive nature of the company's business. The company needs to maintain adequate inventory across various watch segments to maintain the brands' standard of displaying products to its customers. Additionally, the company is exposed to forex fluctuation risk, as a substantial portion of its products is imported. Moreover, the company is exposed to competition from domestic players and international markets in the retail segment. Going forward, its ability to expand its store network while maintaining its margins and credit metrics will continue to remain a key monitorable. Ethos was incorporated in 2003 and is a material subsidiary of KDDL Limited. The company is involved in retailing luxury watches. It retails nearly 70 premium and luxury watch brands such as Omega, Jaeger LeCoultre, Panerai, Bvlgari, H. Moser & Cie, Rado, Longines, and Tissot. The company runs 73 retail stores across 26cities in India, including cities such as New Delhi, Mumbai, Bengaluru, Hyderabad, Chennai and Kolkata. The scrip fell 1.70% to currently trade at Rs 2840 on the BSE. Powered by Capital Market - Live

1 month agoCapital Market - Live
Corporate
Ethos to hold board meeting

Ethos will hold a meeting of the Board of Directors of the Company on 3 June 2025.Powered by Capital Market - Live

1 month agoCapital Market - Live
Corporate
Ethos receives affirmation in credit ratings from ICRA

Ethos has received credit ratings from ICRA as under: Proposed working capital - ICRA A+; Stable (reaffirmed) Fund based limits -others (Rs 110 crore) -  [ICRA A+; Stable (reaffirmed) Fixed Deposits (Rs 10 crore) -  ICRA A+; Stable (reaffirmed) Long term -Unallocated limits (Rs 15 crore) -  ICRA A+; Stable (reaffirmed)Powered by Capital Market - Live

1 month agoCapital Market - Live
Earnings
Ethos consolidated net profit rises 8.18% in the March 2025 quarter

Net profit of Ethos rose 8.18% to Rs 22.75 crore in the quarter ended March 2025 as against Rs 21.03 crore during the previous quarter ended March 2024. Sales rose 23.29% to Rs 311.32 crore in the quarter ended March 2025 as against Rs 252.52 crore during the previous quarter ended March 2024. For the full year,net profit rose 15.61% to Rs 96.29 crore in the year ended March 2025 as against Rs 83.29 crore during the previous year ended March 2024. Sales rose 25.29% to Rs 1251.63 crore in the year ended March 2025 as against Rs 998.99 crore during the previous year ended March 2024. ParticularsQuarter EndedYear EndedMar. 2025Mar. 2024% Var.Mar. 2025Mar. 2024% Var. Sales311.32252.52 23 1251.63998.99 25 OPM %14.8614.25 -15.0415.19 - PBDT47.0840.46 16 193.07159.99 21 PBT30.1527.74 9 130.07111.31 17 NP22.7521.03 8 96.2983.29 16 Powered by Capital Market - Live

1 month agoCapital Market - Live
Spotlight
Ethos slips after Q4 PAT slides 23% QoQ to Rs 23 cr

However, on a year-on-year basis, the company's consolidated net profit advanced 8.17% to Rs 22.75 crore on a 23.28% increase in revenue to Rs 311.32 crore in Q4 FY25 over Q4 FY24. Profit before tax (PBT) was at Rs 30.15 crore in Q4 FY25, up 8.69%, compared with Rs 30.15 crore in Q4 FY24. Total expenses jumped 22.52% to Rs 285.84 crore, compared with Rs 233.31 crore posted in the corresponding quarter last year. Purchase of stock-in-trade stood at Rs 216.12 crore (up 15.27% YoY), employee benefit expense was at Rs 21.32 crore (up 9.95% YoY), and finance cost stood at Rs 5.20 crore (up 28.71% YoY) during the period under review. On a full-year basis, the company's net profit jumped 15.61% to Rs 96.29 crore on a 25.29% rise in revenue to Rs 1,251.63 crore in FY24 over FY23. Ethos is one of India's leading retailers of luxury and premium watches, established in 2003. Powered by Capital Market - Live

1 month agoCapital Market - Live
Corporate
Ethos schedules board meeting

Ethos will hold a meeting of the Board of Directors of the Company on 5 May 2025.Powered by Capital Market - Live

2 months agoCapital Market - Live
Corporate
Ethos director resigns

Ethos announced the resignation of Chitranjan Agarwal (DIN: 00095715), Non-Executive- Non-Independent Director of the company with effect from 15 April 2025. Powered by Capital Market - Live

2 months agoCapital Market - Live

Frequently asked questions

Frequently asked questions

  1. What is the share price of Ethos Ltd (ETHOSLTD) today?

    The share price of ETHOSLTD as on 3rd July 2025 is ₹2704.40. The stock prices are volatile and keep changing through the day depending upon various factors and market conditions.

  2. What is the return on Ethos Ltd (ETHOSLTD) share?

    The past returns of Ethos Ltd (ETHOSLTD) share are
    • Past 1 week: 2.95%
    • Past 1 month: 0.26%
    • Past 3 months: 11.36%
    • Past 6 months: -3.00%
    • Past 1 year: -2.73%
    • Past 3 years: 256.64%
    • Past 5 years: 248.63%

  3. What are the peers or stocks similar to Ethos Ltd (ETHOSLTD)?
  4. What is the market cap of Ethos Ltd (ETHOSLTD) share?

    Market capitalization, short for market cap, is the market value of a publicly traded company's outstanding shares. The market cap of Ethos Ltd (ETHOSLTD) is ₹7236.35 Cr as of 3rd July 2025.

  5. What is the 52 week high and low of Ethos Ltd (ETHOSLTD) share?

    The 52-week high of Ethos Ltd (ETHOSLTD) is ₹3404.83 and the 52-week low is ₹1931.85.

  6. What is the PE and PB ratio of Ethos Ltd (ETHOSLTD) stock?

    The P/E (price-to-earnings) ratio of Ethos Ltd (ETHOSLTD) is 75.15. The P/B (price-to-book) ratio is 8.19.

  7. Which sector does Ethos Ltd (ETHOSLTD) belong to?

    Ethos Ltd (ETHOSLTD) belongs to the Consumer Discretionary sector & Precious Metals, Jewellery & Watches sub-sector.

  8. How to buy Ethos Ltd (ETHOSLTD) shares?

    You can directly buy Ethos Ltd (ETHOSLTD) shares on Tickertape. Simply sign up, connect your demat account and place your order.