Share Price and Basic Stock Data
Last Updated: November 3, 2025, 11:48 pm
| PEG Ratio | 3.36 |
|---|
Analyst Insight & Comprehensive Analysis
Business Overview and Revenue Trends
Ethos Ltd, a prominent player in the Indian watch industry, reported a share price of ₹2,864 and a market capitalization of ₹7,654 Cr. The company has demonstrated a robust sales growth trajectory, with total sales increasing from ₹444 Cr in March 2019 to ₹1,325 Cr in the trailing twelve months (TTM). This growth reflects a compound annual growth rate (CAGR) that showcases Ethos’ expanding market presence. In FY 2024, the company recorded sales of ₹999 Cr, and projections for FY 2025 indicate a rise to ₹1,252 Cr. Quarterly sales data indicates consistent growth, with sales reported at ₹230 Cr in June 2023 and increasing to ₹297 Cr by September 2024. This growth is indicative of the company’s successful strategy in capturing consumer demand and expanding its product offerings in a competitive market.
Profitability and Efficiency Metrics
Ethos Ltd reported a net profit of ₹93 Cr, resulting in a price-to-earnings (P/E) ratio of 82.7, which is notably high compared to industry norms, indicating strong investor expectations for future growth. The company’s operating profit margin (OPM) stood at 13% for the latest reporting period, reflecting a stable operational efficiency. The return on equity (ROE) was recorded at 10.4%, while return on capital employed (ROCE) was 13.8%. These figures suggest that Ethos is effectively utilizing its equity and capital to generate profits. However, the cash conversion cycle (CCC) increased to 215 days, indicating a potential inefficiency in inventory management and receivables collection, which could impact liquidity. Furthermore, the interest coverage ratio (ICR) of 11.03x demonstrates the company’s strong ability to manage its interest obligations, providing a cushion against financial distress.
Balance Sheet Strength and Financial Ratios
Ethos Ltd’s balance sheet reflects a solid financial standing, with total assets reported at ₹1,410 Cr and total liabilities at ₹1,410 Cr, indicating a balanced capital structure. The company has maintained reserves of ₹958 Cr, showcasing its capability to reinvest into growth initiatives. Borrowings stood at ₹289 Cr, which is manageable given the company’s strong equity base and low debt-to-equity ratio. The current ratio of 4.96x indicates excellent liquidity, allowing Ethos to meet short-term obligations comfortably. However, the price-to-book value (P/BV) ratio of 6.18x suggests that the stock may be overvalued compared to its book value, which could deter value-conscious investors. The company’s ability to generate consistent cash flow, reflected in a cash EPS of ₹65.83, further enhances its financial resilience amid potential market fluctuations.
Shareholding Pattern and Investor Confidence
The shareholding pattern of Ethos Ltd indicates a diverse ownership structure, with promoters holding 50.58% of the equity. Foreign institutional investors (FIIs) accounted for 12.93%, while domestic institutional investors (DIIs) held 18.48%. The public shareholding stood at 18%, with the total number of shareholders reaching 42,141. This distribution reflects a broad investor base, providing stability to the stock. However, a declining trend in promoter holding from 64.67% in December 2022 to the current level raises concerns about insider confidence. The increasing participation of FIIs from 7.49% to the current 12.93% indicates growing interest from foreign investors, which could enhance market credibility. Nonetheless, the public’s declining stake may suggest a cautious sentiment among retail investors, potentially influenced by the high P/E ratio and market valuation.
Outlook, Risks, and Final Insight
Looking ahead, Ethos Ltd faces a mixed outlook characterized by both opportunities and risks. The ongoing expansion in the luxury watch segment presents significant growth potential, particularly as consumer spending on premium products continues to rise. However, the increasing cash conversion cycle poses a risk to liquidity, which may hinder operational flexibility if not addressed. Additionally, the high P/E ratio could lead to volatility if earnings growth does not meet market expectations. Ethos must focus on improving inventory turnover and receivables management to mitigate these risks. Should the company successfully enhance operational efficiency and maintain its growth trajectory, it could solidify its position as a market leader. Conversely, failure to manage liquidity effectively could impact its competitive edge in the dynamic retail environment.
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 | 7,864 Cr. | 2,936 | 3,217/1,897 | 85.0 | 366 | 0.00 % | 13.8 % | 10.4 % | 10.0 |
| KDDL Ltd | 3,184 Cr. | 2,546 | 3,351/2,049 | 32.6 | 730 | 0.20 % | 14.1 % | 11.5 % | 10.0 |
| Industry Average | 5,524.00 Cr | 2,741.00 | 58.80 | 548.00 | 0.10% | 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: October 15, 2025, 3:23 am
| Metric | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|---|---|---|---|---|---|---|---|
| Sales | 444 | 458 | 387 | 577 | 789 | 999 | 1,252 | 1,325 |
| Expenses | 407 | 402 | 344 | 505 | 668 | 841 | 1,055 | 1,135 |
| Operating Profit | 36 | 56 | 43 | 72 | 120 | 158 | 197 | 190 |
| OPM % | 8% | 12% | 11% | 12% | 15% | 16% | 16% | 14% |
| Other Income | 2 | 2 | 17 | 13 | 15 | 24 | 24 | 24 |
| Interest | 11 | 24 | 20 | 21 | 20 | 22 | 27 | 21 |
| Depreciation | 5 | 33 | 33 | 32 | 35 | 49 | 63 | 68 |
| Profit before tax | 22 | 2 | 7 | 32 | 81 | 111 | 130 | 126 |
| Tax % | 39% | 168% | 29% | 26% | 25% | 25% | 26% | |
| Net Profit | 13 | -1 | 5 | 23 | 60 | 83 | 96 | 93 |
| EPS in Rs | 7.23 | -0.67 | 2.39 | 11.19 | 23.65 | 31.08 | 35.93 | 34.53 |
| 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 | -92.00 |
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 |
| Inventory Turnover Ratio (X) | 2.42 | 0.00 | 0.00 | 0.00 | 0.00 |
| 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 Inventory Turnover Ratio (X), as of Mar 25, the value is 2.42. This value is below the healthy minimum of 4. It has increased from 0.00 (Mar 24) to 2.42, marking an increase of 2.42.
- 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 |
|---|---|
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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: 85 (Industry average Stock P/E: 58.8)
- 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
| 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 04 November 2025) is 2640.12 which is 10.08% lower the current market price of 2,936.00, indicating overvalued. Calculated using the PE ratio method, this valuation considers the company's 7,864 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 7,864 Cr..
What is the current Stock Price of Ethos Ltd as on 04 November 2025?
The current stock price of Ethos Ltd as on 04 November 2025 is 2,936.
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 85.0.
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.