Share Price and Basic Stock Data
Last Updated: October 9, 2025, 12:58 am
| PEG Ratio | 1.08 |
|---|
Analyst Insight & Comprehensive Analysis
Ethos Ltd, a prominent player in the watch industry, currently trades at ₹2,647 with a market capitalization of ₹7,109 Cr. The company’s Price-to-Earnings (P/E) ratio stands at 76.8, indicating a premium valuation compared to sector averages in India. Ethos Ltd boasts a respectable Return on Equity (ROE) of 10.4% and Return on Capital Employed (ROCE) of 13.8%, reflecting efficient capital utilization. With a healthy Operating Profit Margin (OPM) of 13% and a robust Interest Coverage Ratio (ICR) of 11.03x, the company demonstrates operational stability and financial strength.
Despite these strengths, Ethos Ltd faces risks such as a high Price-to-Book Value (P/BV) ratio of 6.18x, suggesting an expensive valuation relative to its book value. The company’s high borrowing level of ₹289 Cr raises concerns about its debt servicing capability, especially given a Cash Conversion Cycle (CCC) of 215 days. Looking ahead, Ethos Ltd’s growth prospects could improve with a focus on enhancing operational efficiency to reduce CCC and optimizing capital structure to lower borrowing costs, thereby mitigating risks and enhancing shareholder value. In conclusion, while Ethos Ltd shows solid financial performance, investors should carefully monitor its leverage and operational efficiency to make informed investment decisions.
Source: Getaka Fundamental Analysis | Generated using proprietary financial data.
Competitors of Ethos Ltd
| Stock Name ⇩ | Market Cap ⇩ | Current Price ⇩ | High / Low ⇩ | Stock P/E ⇩ | Book Value ⇩ | Dividend Yield ⇩ | ROCE ⇩ | ROE ⇩ | Face Value ⇩ |
|---|---|---|---|---|---|---|---|---|---|
| Ethos Ltd | 7,176 Cr. | 2,686 | 3,217/1,897 | 77.6 | 366 | 0.00 % | 13.8 % | 10.4 % | 10.0 |
| KDDL Ltd | 3,417 Cr. | 2,722 | 3,351/2,049 | 34.9 | 730 | 0.18 % | 14.1 % | 11.5 % | 10.0 |
| Industry Average | 5,296.50 Cr | 2,704.00 | 56.25 | 548.00 | 0.09% | 13.95% | 10.95% | 10.00 |
Quarterly Result
| Metric | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 174 | 178 | 230 | 208 | 230 | 235 | 281 | 253 | 273 | 297 | 370 | 311 | 346 |
| Expenses | 147 | 152 | 194 | 182 | 196 | 198 | 237 | 217 | 230 | 255 | 313 | 265 | 301 |
| Operating Profit | 27 | 26 | 36 | 26 | 34 | 37 | 45 | 36 | 43 | 42 | 57 | 46 | 45 |
| OPM % | 16% | 15% | 16% | 12% | 15% | 16% | 16% | 14% | 16% | 14% | 15% | 15% | 13% |
| Other Income | 2 | 4 | 4 | 5 | 5 | 4 | 6 | 9 | 6 | 6 | 6 | 6 | 6 |
| Interest | 4 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 5 | 5 | 5 | 5 | 6 |
| Depreciation | 8 | 8 | 9 | 9 | 11 | 13 | 13 | 13 | 14 | 15 | 17 | 17 | 19 |
| Profit before tax | 17 | 18 | 28 | 18 | 24 | 25 | 34 | 28 | 31 | 29 | 41 | 30 | 26 |
| Tax % | 25% | 25% | 25% | 25% | 25% | 25% | 26% | 24% | 26% | 26% | 27% | 25% | 27% |
| Net Profit | 13 | 14 | 21 | 13 | 18 | 19 | 26 | 21 | 23 | 21 | 29 | 23 | 19 |
| EPS in Rs | 5.02 | 5.32 | 8.10 | 5.21 | 7.12 | 7.29 | 9.52 | 7.85 | 8.51 | 7.93 | 11.00 | 8.49 | 7.11 |
Last Updated: August 19, 2025, 3:46 pm
Below is a detailed analysis of the quarterly data for Ethos Ltd based on the most recent figures (Jun 2025) and their trends compared to the previous period:
- For Sales, as of Jun 2025, the value is 346.00 Cr.. The value appears strong and on an upward trend. It has increased from 311.00 Cr. (Mar 2025) to 346.00 Cr., marking an increase of 35.00 Cr..
- For Expenses, as of Jun 2025, the value is 301.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 265.00 Cr. (Mar 2025) to 301.00 Cr., marking an increase of 36.00 Cr..
- For Operating Profit, as of Jun 2025, the value is 45.00 Cr.. The value appears to be declining and may need further review. It has decreased from 46.00 Cr. (Mar 2025) to 45.00 Cr., marking a decrease of 1.00 Cr..
- For OPM %, as of Jun 2025, the value is 13.00%. The value appears to be declining and may need further review. It has decreased from 15.00% (Mar 2025) to 13.00%, marking a decrease of 2.00%.
- For Other Income, as of Jun 2025, the value is 6.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2025) which recorded 6.00 Cr..
- For Interest, as of Jun 2025, the value is 6.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 5.00 Cr. (Mar 2025) to 6.00 Cr., marking an increase of 1.00 Cr..
- For Depreciation, as of Jun 2025, the value is 19.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 17.00 Cr. (Mar 2025) to 19.00 Cr., marking an increase of 2.00 Cr..
- For Profit before tax, as of Jun 2025, the value is 26.00 Cr.. The value appears to be declining and may need further review. It has decreased from 30.00 Cr. (Mar 2025) to 26.00 Cr., marking a decrease of 4.00 Cr..
- For Tax %, as of Jun 2025, the value is 27.00%. The value appears to be increasing, which may not be favorable. It has increased from 25.00% (Mar 2025) to 27.00%, marking an increase of 2.00%.
- For Net Profit, as of Jun 2025, the value is 19.00 Cr.. The value appears to be declining and may need further review. It has decreased from 23.00 Cr. (Mar 2025) to 19.00 Cr., marking a decrease of 4.00 Cr..
- For EPS in Rs, as of Jun 2025, the value is 7.11. The value appears to be declining and may need further review. It has decreased from 8.49 (Mar 2025) to 7.11, marking a decrease of 1.38.
Overall, while many items appear to show a positive trend, any significant downward movement warrant further investigation.
Profit & Loss - Annual Report
Last Updated: June 16, 2025, 1:32 pm
| Metric | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|
| Sales | 444 | 458 | 387 | 577 | 789 | 999 | 1,252 |
| Expenses | 407 | 402 | 344 | 505 | 668 | 841 | 1,063 |
| Operating Profit | 36 | 56 | 43 | 72 | 120 | 158 | 188 |
| OPM % | 8% | 12% | 11% | 12% | 15% | 16% | 15% |
| Other Income | 2 | 2 | 17 | 13 | 15 | 24 | 24 |
| Interest | 11 | 24 | 20 | 21 | 20 | 22 | 19 |
| Depreciation | 5 | 33 | 33 | 32 | 35 | 49 | 63 |
| Profit before tax | 22 | 2 | 7 | 32 | 81 | 111 | 130 |
| Tax % | 39% | 168% | 29% | 26% | 25% | 25% | 26% |
| Net Profit | 13 | -1 | 5 | 23 | 60 | 83 | 96 |
| EPS in Rs | 7.23 | -0.67 | 2.39 | 11.19 | 23.65 | 31.08 | 35.93 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
YoY Net Profit Growth
| Year | 2019-2020 | 2020-2021 | 2021-2022 | 2022-2023 | 2023-2024 | 2024-2025 |
|---|---|---|---|---|---|---|
| YoY Net Profit Growth (%) | -107.69% | 600.00% | 360.00% | 160.87% | 38.33% | 15.66% |
| Change in YoY Net Profit Growth (%) | 0.00% | 707.69% | -240.00% | -199.13% | -122.54% | -22.67% |
Ethos Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 6 years from 2019-2020 to 2024-2025.
Growth
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 22% |
| 3 Years: | 29% |
| TTM: | 27% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 120% |
| 3 Years: | 60% |
| TTM: | 5% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 36% |
| 1 Year: | -25% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 11% |
| 3 Years: | 11% |
| Last Year: | 10% |
Last Updated: September 5, 2025, 3:26 pm
Balance Sheet
Last Updated: July 25, 2025, 1:20 pm
| Month | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|
| Equity Capital | 17 | 18 | 18 | 19 | 23 | 24 | 24 |
| Reserves | 117 | 132 | 139 | 213 | 608 | 859 | 958 |
| Borrowings | 69 | 174 | 140 | 161 | 121 | 145 | 289 |
| Other Liabilities | 98 | 98 | 96 | 111 | 127 | 142 | 139 |
| Total Liabilities | 301 | 422 | 394 | 504 | 880 | 1,171 | 1,410 |
| Fixed Assets | 22 | 125 | 113 | 130 | 197 | 230 | 401 |
| CWIP | 5 | 1 | 4 | 0 | 4 | 9 | 31 |
| Investments | 0 | 1 | 1 | 2 | 2 | 25 | 36 |
| Other Assets | 275 | 296 | 276 | 373 | 677 | 907 | 942 |
| Total Assets | 301 | 422 | 394 | 504 | 880 | 1,171 | 1,410 |
Below is a detailed analysis of the balance sheet data for Ethos Ltd based on the most recent figures (Mar 2025) and their trends compared to the previous period:
- For Equity Capital, as of Mar 2025, the value is 24.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2024) which recorded 24.00 Cr..
- For Reserves, as of Mar 2025, the value is 958.00 Cr.. The value appears strong and on an upward trend. It has increased from 859.00 Cr. (Mar 2024) to 958.00 Cr., marking an increase of 99.00 Cr..
- For Borrowings, as of Mar 2025, the value is 289.00 Cr.. The value appears to be increasing, which may not be favorable. Additionally, since Reserves exceed Borrowings, this is considered a positive sign. It has increased from 145.00 Cr. (Mar 2024) to 289.00 Cr., marking an increase of 144.00 Cr..
- For Other Liabilities, as of Mar 2025, the value is 139.00 Cr.. The value appears to be improving (decreasing). It has decreased from 142.00 Cr. (Mar 2024) to 139.00 Cr., marking a decrease of 3.00 Cr..
- For Total Liabilities, as of Mar 2025, the value is 1,410.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 1,171.00 Cr. (Mar 2024) to 1,410.00 Cr., marking an increase of 239.00 Cr..
- For Fixed Assets, as of Mar 2025, the value is 401.00 Cr.. The value appears strong and on an upward trend. It has increased from 230.00 Cr. (Mar 2024) to 401.00 Cr., marking an increase of 171.00 Cr..
- For CWIP, as of Mar 2025, the value is 31.00 Cr.. The value appears strong and on an upward trend. It has increased from 9.00 Cr. (Mar 2024) to 31.00 Cr., marking an increase of 22.00 Cr..
- For Investments, as of Mar 2025, the value is 36.00 Cr.. The value appears strong and on an upward trend. It has increased from 25.00 Cr. (Mar 2024) to 36.00 Cr., marking an increase of 11.00 Cr..
- For Other Assets, as of Mar 2025, the value is 942.00 Cr.. The value appears strong and on an upward trend. It has increased from 907.00 Cr. (Mar 2024) to 942.00 Cr., marking an increase of 35.00 Cr..
- For Total Assets, as of Mar 2025, the value is 1,410.00 Cr.. The value appears strong and on an upward trend. It has increased from 1,171.00 Cr. (Mar 2024) to 1,410.00 Cr., marking an increase of 239.00 Cr..
Notably, the Reserves (958.00 Cr.) exceed the Borrowings (289.00 Cr.), indicating a solid financial buffer.
Overall, while many items appear to show a positive trend, any significant downward movement or items where Borrowings exceed Reserves warrant further investigation.
Cash Flow - No data available for this post.
Free Cash Flow
| Month | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|
| Free Cash Flow | -33.00 | -118.00 | -97.00 | -89.00 | -1.00 | 13.00 | -101.00 |
Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)
Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.
Financial Efficiency Indicators
| Month | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|
| Debtor Days | 7 | 7 | 12 | 3 | 3 | 6 | 5 |
| Inventory Days | 238 | 242 | 256 | 222 | 228 | 230 | 247 |
| Days Payable | 79 | 80 | 93 | 74 | 65 | 50 | 37 |
| Cash Conversion Cycle | 166 | 170 | 174 | 151 | 166 | 185 | 215 |
| Working Capital Days | 77 | 72 | 83 | 84 | 121 | 127 | 143 |
| ROCE % | 10% | 9% | 15% | 18% | 15% | 14% |
Mutual Fund Holdings
| Fund Name | No of Shares | AUM (%) | Amount Invested (Cr) | Previous Number of Shares | Previous Date | Percentage Change |
|---|---|---|---|---|---|---|
| ICICI Prudential Flexicap Fund | 1,573,280 | 2.76 | 442.35 | 1,573,280 | 2025-04-22 15:56:50 | 0% |
| Invesco India Mid Cap Fund | 326,675 | 1.76 | 91.85 | 326,675 | 2025-04-22 15:56:50 | 0% |
| Invesco India Large & Mid Cap Fund | 311,894 | 1.5 | 87.69 | 311,894 | 2025-04-22 15:56:50 | 0% |
| Invesco India Smallcap Fund | 242,332 | 1.49 | 68.14 | 242,332 | 2025-04-22 15:56:50 | 0% |
| ICICI Prudential Bharat Consumption Fund | 100,372 | 1.16 | 28.22 | 100,372 | 2025-04-22 15:56:50 | 0% |
| Union Small Cap Fund | 85,676 | 1.57 | 24.09 | 85,676 | 2025-04-22 15:56:50 | 0% |
| Invesco India Flexi Cap Fund | 67,923 | 1.02 | 19.1 | 67,923 | 2025-04-22 15:56:50 | 0% |
| Bank of India Mid & Small Cap Equity & Debt Fund | 34,000 | 1.14 | 9.56 | 34,000 | 2025-04-22 15:56:50 | 0% |
| Union Balanced Advantage Fund | 26,571 | 0.46 | 7.47 | 26,571 | 2025-04-22 15:56:50 | 0% |
| Bandhan Hybrid Equity Fund | 26,030 | 1.01 | 7.32 | 26,030 | 2025-04-22 14:36:32 | 0% |
Key Financial Ratios
| Month | Mar 25 | Mar 24 | Mar 23 | Mar 22 | Mar 21 |
|---|---|---|---|---|---|
| FaceValue | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 |
| Basic EPS (Rs.) | 39.33 | 34.98 | 26.56 | 12.69 | 2.61 |
| Diluted EPS (Rs.) | 39.33 | 34.98 | 26.56 | 12.69 | 2.59 |
| Cash EPS (Rs.) | 65.83 | 53.63 | 40.44 | 30.13 | 20.39 |
| Book Value[Excl.RevalReserv]/Share (Rs.) | 401.22 | 361.09 | 270.46 | 126.73 | 86.17 |
| Book Value[Incl.RevalReserv]/Share (Rs.) | 401.22 | 361.09 | 270.46 | 126.73 | 86.17 |
| Revenue From Operations / Share (Rs.) | 511.28 | 408.08 | 337.71 | 316.96 | 212.25 |
| PBDIT / Share (Rs.) | 87.57 | 71.62 | 55.23 | 43.75 | 30.82 |
| PBIT / Share (Rs.) | 61.83 | 51.74 | 40.40 | 26.45 | 12.97 |
| PBT / Share (Rs.) | 53.89 | 45.19 | 34.34 | 17.30 | 3.62 |
| Net Profit / Share (Rs.) | 40.09 | 33.75 | 25.61 | 12.83 | 2.54 |
| NP After MI And SOA / Share (Rs.) | 39.33 | 34.02 | 25.82 | 12.84 | 2.61 |
| PBDIT Margin (%) | 17.12 | 17.55 | 16.35 | 13.80 | 14.52 |
| PBIT Margin (%) | 12.09 | 12.67 | 11.96 | 8.34 | 6.11 |
| PBT Margin (%) | 10.54 | 11.07 | 10.16 | 5.45 | 1.70 |
| Net Profit Margin (%) | 7.84 | 8.27 | 7.58 | 4.04 | 1.19 |
| NP After MI And SOA Margin (%) | 7.69 | 8.33 | 7.64 | 4.05 | 1.23 |
| Return on Networth / Equity (%) | 9.80 | 9.42 | 9.54 | 10.13 | 3.03 |
| Return on Capital Employeed (%) | 12.30 | 12.66 | 12.92 | 14.16 | 9.61 |
| Return On Assets (%) | 6.83 | 7.11 | 6.85 | 4.63 | 1.20 |
| Long Term Debt / Equity (X) | 0.00 | 0.00 | 0.01 | 0.11 | 0.10 |
| Total Debt / Equity (X) | 0.00 | 0.01 | 0.01 | 0.25 | 0.33 |
| Asset Turnover Ratio (%) | 0.97 | 0.97 | 1.14 | 1.28 | 0.94 |
| Current Ratio (X) | 4.96 | 5.06 | 4.27 | 2.05 | 1.73 |
| Quick Ratio (X) | 1.66 | 2.48 | 2.00 | 0.52 | 0.39 |
| Interest Coverage Ratio (X) | 11.03 | 10.95 | 9.11 | 4.78 | 3.30 |
| Interest Coverage Ratio (Post Tax) (X) | 6.05 | 6.16 | 5.22 | 2.40 | 1.27 |
| Enterprise Value (Cr.) | 5852.10 | 5994.68 | 2024.50 | 0.00 | 0.00 |
| EV / Net Operating Revenue (X) | 4.68 | 6.00 | 2.57 | 0.00 | 0.00 |
| EV / EBITDA (X) | 27.30 | 34.19 | 15.70 | 0.00 | 0.00 |
| MarketCap / Net Operating Revenue (X) | 4.85 | 6.34 | 2.85 | 0.00 | 0.00 |
| Price / BV (X) | 6.18 | 7.16 | 3.56 | 0.00 | 0.00 |
| Price / Net Operating Revenue (X) | 4.85 | 6.34 | 2.85 | 0.00 | 0.00 |
| EarningsYield | 0.01 | 0.01 | 0.02 | 0.00 | 0.00 |
After reviewing the key financial ratios for Ethos Ltd, here is a detailed analysis based on the latest available data and recent trends:
- For FaceValue, as of Mar 25, the value is 10.00. This value is within the healthy range. There is no change compared to the previous period (Mar 24) which recorded 10.00.
- For Basic EPS (Rs.), as of Mar 25, the value is 39.33. This value is within the healthy range. It has increased from 34.98 (Mar 24) to 39.33, marking an increase of 4.35.
- For Diluted EPS (Rs.), as of Mar 25, the value is 39.33. This value is within the healthy range. It has increased from 34.98 (Mar 24) to 39.33, marking an increase of 4.35.
- For Cash EPS (Rs.), as of Mar 25, the value is 65.83. This value is within the healthy range. It has increased from 53.63 (Mar 24) to 65.83, marking an increase of 12.20.
- For Book Value[Excl.RevalReserv]/Share (Rs.), as of Mar 25, the value is 401.22. It has increased from 361.09 (Mar 24) to 401.22, marking an increase of 40.13.
- For Book Value[Incl.RevalReserv]/Share (Rs.), as of Mar 25, the value is 401.22. It has increased from 361.09 (Mar 24) to 401.22, marking an increase of 40.13.
- For Revenue From Operations / Share (Rs.), as of Mar 25, the value is 511.28. It has increased from 408.08 (Mar 24) to 511.28, marking an increase of 103.20.
- For PBDIT / Share (Rs.), as of Mar 25, the value is 87.57. This value is within the healthy range. It has increased from 71.62 (Mar 24) to 87.57, marking an increase of 15.95.
- For PBIT / Share (Rs.), as of Mar 25, the value is 61.83. This value is within the healthy range. It has increased from 51.74 (Mar 24) to 61.83, marking an increase of 10.09.
- For PBT / Share (Rs.), as of Mar 25, the value is 53.89. This value is within the healthy range. It has increased from 45.19 (Mar 24) to 53.89, marking an increase of 8.70.
- For Net Profit / Share (Rs.), as of Mar 25, the value is 40.09. This value is within the healthy range. It has increased from 33.75 (Mar 24) to 40.09, marking an increase of 6.34.
- For NP After MI And SOA / Share (Rs.), as of Mar 25, the value is 39.33. This value is within the healthy range. It has increased from 34.02 (Mar 24) to 39.33, marking an increase of 5.31.
- For PBDIT Margin (%), as of Mar 25, the value is 17.12. This value is within the healthy range. It has decreased from 17.55 (Mar 24) to 17.12, marking a decrease of 0.43.
- For PBIT Margin (%), as of Mar 25, the value is 12.09. This value is within the healthy range. It has decreased from 12.67 (Mar 24) to 12.09, marking a decrease of 0.58.
- For PBT Margin (%), as of Mar 25, the value is 10.54. This value is within the healthy range. It has decreased from 11.07 (Mar 24) to 10.54, marking a decrease of 0.53.
- For Net Profit Margin (%), as of Mar 25, the value is 7.84. This value is within the healthy range. It has decreased from 8.27 (Mar 24) to 7.84, marking a decrease of 0.43.
- For NP After MI And SOA Margin (%), as of Mar 25, the value is 7.69. This value is below the healthy minimum of 8. It has decreased from 8.33 (Mar 24) to 7.69, marking a decrease of 0.64.
- For Return on Networth / Equity (%), as of Mar 25, the value is 9.80. This value is below the healthy minimum of 15. It has increased from 9.42 (Mar 24) to 9.80, marking an increase of 0.38.
- For Return on Capital Employeed (%), as of Mar 25, the value is 12.30. This value is within the healthy range. It has decreased from 12.66 (Mar 24) to 12.30, marking a decrease of 0.36.
- For Return On Assets (%), as of Mar 25, the value is 6.83. This value is within the healthy range. It has decreased from 7.11 (Mar 24) to 6.83, marking a decrease of 0.28.
- For Long Term Debt / Equity (X), as of Mar 25, the value is 0.00. This value is below the healthy minimum of 0.2. There is no change compared to the previous period (Mar 24) which recorded 0.00.
- For Total Debt / Equity (X), as of Mar 25, the value is 0.00. This value is within the healthy range. It has decreased from 0.01 (Mar 24) to 0.00, marking a decrease of 0.01.
- For Asset Turnover Ratio (%), as of Mar 25, the value is 0.97. There is no change compared to the previous period (Mar 24) which recorded 0.97.
- For Current Ratio (X), as of Mar 25, the value is 4.96. This value exceeds the healthy maximum of 3. It has decreased from 5.06 (Mar 24) to 4.96, marking a decrease of 0.10.
- For Quick Ratio (X), as of Mar 25, the value is 1.66. This value is within the healthy range. It has decreased from 2.48 (Mar 24) to 1.66, marking a decrease of 0.82.
- For Interest Coverage Ratio (X), as of Mar 25, the value is 11.03. This value is within the healthy range. It has increased from 10.95 (Mar 24) to 11.03, marking an increase of 0.08.
- For Interest Coverage Ratio (Post Tax) (X), as of Mar 25, the value is 6.05. This value is within the healthy range. It has decreased from 6.16 (Mar 24) to 6.05, marking a decrease of 0.11.
- For Enterprise Value (Cr.), as of Mar 25, the value is 5,852.10. It has decreased from 5,994.68 (Mar 24) to 5,852.10, marking a decrease of 142.58.
- For EV / Net Operating Revenue (X), as of Mar 25, the value is 4.68. This value exceeds the healthy maximum of 3. It has decreased from 6.00 (Mar 24) to 4.68, marking a decrease of 1.32.
- For EV / EBITDA (X), as of Mar 25, the value is 27.30. This value exceeds the healthy maximum of 15. It has decreased from 34.19 (Mar 24) to 27.30, marking a decrease of 6.89.
- For MarketCap / Net Operating Revenue (X), as of Mar 25, the value is 4.85. This value exceeds the healthy maximum of 3. It has decreased from 6.34 (Mar 24) to 4.85, marking a decrease of 1.49.
- For Price / BV (X), as of Mar 25, the value is 6.18. This value exceeds the healthy maximum of 3. It has decreased from 7.16 (Mar 24) to 6.18, marking a decrease of 0.98.
- For Price / Net Operating Revenue (X), as of Mar 25, the value is 4.85. This value exceeds the healthy maximum of 3. It has decreased from 6.34 (Mar 24) to 4.85, marking a decrease of 1.49.
- For EarningsYield, as of Mar 25, the value is 0.01. This value is below the healthy minimum of 5. There is no change compared to the previous period (Mar 24) which recorded 0.01.
Overall, while many metrics show healthy performance, any figures highlighted in red or significant downward trends warrant further investigation.
Strength and Weakness
| Strength | Weakness |
|---|---|
|
|
Stock Analysis
- Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Ethos Ltd:
- Net Profit Margin: 7.84%
- Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
- ROCE: 12.3% (Industry Average ROCE: 13.95%)
- ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
- ROE%: 9.8% (Industry Average ROE: 10.95%)
- ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
- Interest Coverage Ratio (Post Tax): 6.05
- Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
- Quick Ratio: 1.66
- Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
- Stock P/E: 77.6 (Industry average Stock P/E: 56.25)
- Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
- Total Debt / Equity: 0
- Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
Stock Rating: - Net Profit Margin: 7.84%
About the Company - Qualitative Analysis
Ethos Ltd. is a Public Limited Listed company incorporated on 05/11/2007 and has its registered office in the State of Himachal Pradesh, India. Company's Corporate Identification Number(CIN) is L52300HP2007PLC030800 and registration number is 030800. Currently Company is involved in the business activities of Retail sale of watches and clocks. Company's Total Operating Revenue is Rs. 1251.63 Cr. and Equity Capital is Rs. 24.48 Cr. for the Year ended 31/03/2025.
| INDUSTRY | ADDRESS | CONTACT |
|---|---|---|
| Watches | Plot No. 3, Parwanoo Himachal Pradesh 173220 | investor.communication@ethoswatches.com http://www.ethoswatches.com |
| Management | |
|---|---|
| Name | Position Held |
| Mr. Yashovardhan Saboo | Chairman & Managing Director |
| Mr. Pranav Shankar Saboo | Managing Director & CEO |
| Mr. Mukul Krishan Khanna | Executive Director & COO |
| Mr. Anil Khanna | Independent Director |
| Mr. Charu Sharma | Independent Director |
| Mr. Dilpreet Singh | Independent Director |
| Mrs. Munisha Gandhi | Independent Woman Director |
| Mr. Sundeep Kumar | Independent Director |
FAQ
What is the intrinsic value of Ethos Ltd?
Ethos Ltd's intrinsic value (as of 09 October 2025) is 2410.27 which is 10.27% lower the current market price of 2,686.00, indicating overvalued. Calculated using the PE ratio method, this valuation considers the company's ₹7,176 Cr. market cap, FY2025-2026 high/low of 3,217/1,897, reserves of ₹958 Cr, and liabilities of 1,410 Cr.
What is the Market Cap of Ethos Ltd?
The Market Cap of Ethos Ltd is 7,176 Cr..
What is the current Stock Price of Ethos Ltd as on 09 October 2025?
The current stock price of Ethos Ltd as on 09 October 2025 is 2,686.
What is the High / Low of Ethos Ltd stocks in FY 2025-2026?
In FY 2025-2026, the High / Low of Ethos Ltd stocks is 3,217/1,897.
What is the Stock P/E of Ethos Ltd?
The Stock P/E of Ethos Ltd is 77.6.
What is the Book Value of Ethos Ltd?
The Book Value of Ethos Ltd is 366.
What is the Dividend Yield of Ethos Ltd?
The Dividend Yield of Ethos Ltd is 0.00 %.
What is the ROCE of Ethos Ltd?
The ROCE of Ethos Ltd is 13.8 %.
What is the ROE of Ethos Ltd?
The ROE of Ethos Ltd is 10.4 %.
What is the Face Value of Ethos Ltd?
The Face Value of Ethos Ltd is 10.0.