Want to see IN:ETHOSLTD full AI Analyst Report?
Top Page
Ethos Ltd.
(ETHOSLTD)
Select Model
Select Model
Rating:64Neutral
Price Target:
₹2,580.00
▲(0.87% Upside)
Action:Reiterated
Date:08/17/26
The score is primarily driven by solid financial fundamentals (strong revenue scaling and a conservatively positioned balance sheet), partially offset by weaker cash-flow consistency and recent margin compression. Technicals are supportive with the stock trading above key moving averages, while the high P/E meaningfully detracts from the overall attractiveness.
Positive Factors
Revenue Scaling
Strong multi-year revenue expansion indicates durable demand momentum and increasing business scale. Continued top-line growth can broaden operating leverage, support reinvestment, and strengthen Ethos’s competitive position if profitability remains resilient.
Negative Factors
Margin Compression
Sharp gross- and net-margin compression weakens the quality of recent revenue growth and reduces earnings generated from each unit of sales. Persistent pressure would limit operating leverage, constrain reinvestment, and make future profit growth more dependent on additional volume.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Scaling
Strong multi-year revenue expansion indicates durable demand momentum and increasing business scale. Continued top-line growth can broaden operating leverage, support reinvestment, and strengthen Ethos’s competitive position if profitability remains resilient.
Read all positive factors
Ethos Ltd. (ETHOSLTD) vs. iShares MSCI India ETF (INDA)
Market Cap
₹64.53B
Dividend YieldN/A
Average Volume (3M)7.86K
Price to Earnings (P/E)62.1
Beta (1Y)1.03
Revenue Growth30.42%
EPS Growth5.77%
CountryIN
Employees1,069
SectorGeneral
Sector StrengthN/A
IndustryLuxury Goods
Share Statistics
EPS (TTM)38.86
Shares Outstanding26,757,692
10 Day Avg. Volume10,706
30 Day Avg. Volume7,863
Financial Highlights & Ratios
PEG Ratio-12.87
Price to Book (P/B)3.84
Price to Sales (P/S)3.54
P/FCF Ratio147.87
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)59.36
Revenue Forecast (FY)₹20.86B
Ethos Ltd. Business Overview & Revenue Model
Company Description
Ethos Limited manages a robust network of watch retail outlets, specializing in the sale of timepieces and related accessories. Beyond sales, the company extends comprehensive after-sales watch services, including intricate repairs, meticulous res...
Ethos Ltd. Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
80
Positive
Cash Flow
55
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 17.28B | 16.12B | 12.52B | 9.99B | 7.89B | 5.77B |
| Gross Profit | 3.89B | 2.60B | 3.75B | 2.96B | 2.40B | 1.64B |
| EBITDA | 2.59B | 2.48B | 2.14B | 1.76B | 1.29B | 791.47M |
| Net Income | 1.04B | 947.65M | 962.88M | 832.95M | 602.98M | 233.88M |
Balance Sheet | ||||||
| Total Assets | 0.00 | 21.97B | 14.10B | 11.71B | 8.80B | 5.04B |
| Cash, Cash Equivalents and Short-Term Investments | 6.62B | 6.58B | 1.94B | 3.67B | 2.44B | 383.09M |
| Total Debt | 0.00 | 3.22B | 2.89B | 1.45B | 1.21B | 1.61B |
| Total Liabilities | -16.64B | 5.33B | 4.27B | 2.87B | 2.48B | 2.73B |
| Stockholders Equity | 16.64B | 14.88B | 9.82B | 8.84B | 6.31B | 2.32B |
Cash Flow | ||||||
| Free Cash Flow | 318.75M | 386.41M | -996.17M | -86.34M | -587.82M | -70.88M |
| Operating Cash Flow | 604.88M | 1.10B | -202.87M | 308.14M | -21.45M | 166.46M |
| Investing Cash Flow | -3.99B | -4.97B | 465.86M | -1.23B | -2.56B | -237.75M |
| Financing Cash Flow | 5.43B | 5.02B | -583.99M | 1.25B | 2.49B | 265.04M |
Ethos Ltd. Technical Analysis
Negative
2557.75
Price Trends
2686.81
Negative
2613.01
Negative
2531.21
Negative
Market Momentum
-46.79
Positive
32.16
Neutral
13.96
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:ETHOSLTD, the sentiment is Negative. The current price of 2557.75 is above the 20-day moving average (MA) of 2555.00, below the 50-day MA of 2686.81, and above the 200-day MA of 2531.21, indicating a bearish trend. The MACD of -46.79 indicates Positive momentum. The RSI at 32.16 is Neutral, neither overbought nor oversold. The STOCH value of 13.96 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:ETHOSLTD.
Ethos Ltd. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
65 Neutral | ₹176.22B | 17.51 | ― | 0.64% | 29.27% | 3.00% | |
64 Neutral | ₹64.53B | 62.05 | ― | ― | 30.42% | 5.77% | |
61 Neutral | ₹50.63B | 8.87 | ― | 0.32% | 41.91% | 165.71% | |
60 Neutral | ₹3.82T | 66.13 | ― | 0.35% | 45.05% | 55.13% | |
57 Neutral | ₹111.70B | 104.16 | ― | ― | ― | ― | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
55 Neutral | ₹44.98B | 21.21 | ― | 0.37% | 29.14% | 189.45% |
* General Sector Average
IN:ETHOSLTD
Ethos Ltd.
2,411.50
-502.30
-17.24%
IN:PCJEWELLER
PC Jeweller Ltd.
18.07
6.40
54.84%
IN:SENCO
Senco Gold Limited
308.90
-11.79
-3.68%
IN:TBZ
Tribhovandas Bhimji Zaveri Limited
674.05
492.79
271.88%
IN:TITAN
Titan Company Limited
4,299.00
572.63
15.37%
IN:BLUESTONE
Bluestone Jewellery and Lifestyle Limited
731.05
-5.50
-0.75%
Ethos Ltd. Corporate Events
Ethos Files SEBI Demat Compliance Certificate for September 2026 Period
Oct 6, 2026
Ethos Limited has submitted a compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the quarter and half year ended September 30, 2026. The certificate, issued by its registrar KFIN Technol...
Ethos Limited Announces Resignation of National Sales Head
Oct 5, 2026
Ethos Limited has announced a senior management change, with National Sales Head Rajesh Pandey resigning effective from the close of business on October 05, 2026. The resignation, submitted to pursue career opportunities outside the company, has b...
Ethos Shareholders Clear All Resolutions at 19th AGM
Sep 15, 2026
Ethos Limited has reported the voting outcomes of its 19th Annual General Meeting held on September 15, 2026, to the BSE and NSE in compliance with SEBI’s listing regulations. The company confirmed that all resolutions detailed in the AGM no...
Ethos Limited Publishes Q1 FY2026 Unaudited Results in Leading Newspapers
Aug 4, 2026
Ethos Limited has published extracts of its unaudited standalone and consolidated financial results for the quarter ended June 30, 2026 in multiple leading newspapers across India. The company notified both BSE and NSE that these results appeared ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.