Ethos Limited share price

Ethos Limited operates a chain of luxury watch boutiques in India. The company offers luxury and premium watches; pre-owned watches; jewellery and jewellery boxes; watch straps, stands, and winders; clocks and their spare parts; collector boxes; handbags and luggage products. It also provides product repair and services, including movement overhauling, battery replacement, ultrasonic cleaning, polishing, performance tests, and replacement of watch parts and straps. The company sells its products through online channels, physical stores, websites and social media channels. Ethos Limited was founded in 2003 and is headquartered in Gurugram, India.Read more

Website NSE हिंदी में BSE

Consumer CyclicalLuxury GoodsNSE: ETHOSLTDISIN INE04TZ01018

16 Oct 2026, 3:30 PM IST₹2,611.40▲ 38.00 (1.48%)

Market Cap₹ 6,988 Cr.
Current Price₹ 2,611.40
High / Low₹ 3,246 / 1,919
Stock P/E67.0
Book Value₹ 556
Dividend Yield0.00 %
ROCE8.1 %
ROE7.70 %
Face Value₹ 10.0

More figures (10)

EPS (TTM)₹ 38.95
Price / Book4.70
OPM8.6 %
Debt / Equity0.22
Sales growth (3Y)26.9 %
Profit growth (3Y)16.8 %
Promoter holding52.9 %
EV / EBITDA29.2
Beta0.09
All-time high₹ 3,525

Price chart

Price on NSE 50 DMA 200 DMA Volume

Returns	1M	3M	6M	YTD	1Y	3Y CAGR	5Y CAGR
ETHOSLTD	-0.04%	-0.83%	+7.32%	-12.28%	-7.45%	+15.37%	—
Nifty 50	-0.31%	-3.85%	-4.34%	-11.42%	-9.53%	+5.46%	+4.76%

Price returns only (dividends not included). Prices from NSE via Yahoo Finance; may be delayed.

Quick take

Ethos Limited is in the Luxury Goods industry (Consumer Cyclical), with a market value of ₹6,988 crore.
It trades at 67.0 times its last 12 months' earnings and 4.7 times book value.
Revenue grew 26.9% a year over the last 3 years, profit 16.8% a year.
Return on equity was 7.7% and return on capital employed 8.1% in the latest year.
Debt was 0.22 times shareholders' equity.
The share price is 19.6% below its 52-week high and down 7.5% over one year.
Promoters and insiders hold about 52.9%; institutions about 33.8%.

Pros

Sales have grown 26.9% a year over the last 3 years.
Latest quarter (Jun 2026): sales up 33% and profit up 51% from a year ago.
Borrowings are moderate at 0.22 times shareholders' equity.
Institutional (FII + DII) holding has risen by 12.1 points over 3 years.

Cons

Return on equity has been low: 9.7% on average over the last 3 years.
Promoter holding has fallen by 7.30 points over 3 years, to 50.59%.
Other income makes up 36% of profit before tax.
The company has not paid a dividend recently.

Pros and cons are generated automatically from the reported figures. They are observations, not a recommendation to buy or sell.

AI analysis

Plenitude AI reads the figures on this page and explains them in plain language. It does not say whether to buy or sell.

About Ethos Limited

Employees: 1,069
Head office: Gurugram

Consumer CyclicalLuxury Goods

S.No.	Company	CMP ₹	P/E	Mar Cap ₹ Cr	Div Yld %	NP Qtr ₹ Cr	Qtr Profit Var %	Sales Qtr ₹ Cr	Qtr Sales Var %	ROCE %	ROE %	P/B	OPM %	Debt / Eq	Prom. Hold. %	Sales ₹ Cr	Sales Var 3Yrs %
1.	Ethos	2,611.40	67.0	6,988	0.00	29	50.71	462	33.32	8.1	7.7	4.70	8.6	0.22	52.87	1,612	26.9
2.	Titan Company	4,444.80	68.5	3,94,393	0.34	1,777	104.02	20,787	49.58	38.4	37.1	25.13	8.7	1.95	58.79	87,305	29.2
3.	Kalyan Jewellers India	558.00	40.2	57,628	0.45	349	32.03	10,589	45.68	26.7	24.3	9.12	6.1	0.97	62.86	35,616	36.4
4.	PC Jeweller	16.28	22.0	15,967	0.00	222	37.02	877	20.99	10.3	9.9	1.52	19.6	0.14	54.25	3,353	10.7
5.	Thangamayil Jewellery	5,098.00	40.5	15,846	0.38	85	170.99	2,662	92.86	34.2	27.9	11.19	6.2	0.64	63.65	8,499	39.2
6.	BlueStone Jewellery and Lifestyle	778.90	229.1	11,901	0.00	6	—	737	49.56	7.7	1.1	6.58	7.5	1.10	46.93	2,436	46.8
7.	Timex Group India	700.55	83.4	7,072	0.00	25	70.55	219	29.57	64.8	77.3	93.81	14.0	0.05	54.38	799	27.7
8.	Senco Gold	337.25	9.7	5,528	0.55	101	-3.35	3,056	67.34	33.0	25.6	2.20	11.0	1.07	64.53	8,430	27.4
9.	DEEPA JEWELLERS	251.11	23.0	2,414	0.00	27	—	431	—	51.0	56.4	8.65	7.6	0.49	75.09	1,927	27.9
10.	Motisons Jewellers	17.58	27.9	2,000	0.00	11	37.58	107	23.30	18.0	14.0	3.66	17.4	0.08	62.75	490	10.2
	Median: 17 Co.	629.28	27.9	3,971	0.00	57	44.14	807	45.68	29.9	20.8	4.70	9.6	0.57	60.77	2,895	27.4

Companies in the same industry; the median covers every company in it that we hold figures for. Tap a heading to sort. Sorting and comparing are ways to explore data, not recommendations.

Quarterly Results

Consolidated figures in ₹ crore /

₹ Cr	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	253	273	297	370	681	346	383	469	414	462
YOY Sales Growth %					169.77%	26.74%	29.03%	26.65%	-39.23%	33.32%
	217	230	255	313	577	300	334	407	363	400
Material Cost %	71%	70%	70%	71%	70%	71%	71%	71%	71%	71%
Employee Cost %	8%	7%	7%	7%	7%	7%	7%	7%	8%	8%
Other Expenses %	7%	7%	9%	7%	8%	8%	9%	9%	9%	8%
Operating Profit	36	43	42	57	105	46	49	61	51	62
OPM %	14%	16%	14%	15%	15%	13%	13%	13%	12%	13%
	8	6	6	6	12	6	12	16	13	13
Exceptional items								-2
Interest	4	5	5	5	10	6	7	8	7	8
Depreciation	13	14	15	17	34	19	21	25	25	26
Profit before tax	28	31	29	41	72	27	33	43	33	41
	24%	26%	26%	27%	26%	26%	24%	27%	25%	26%
Current tax	5	8	8	12	18	8	9	13	10	11
Deferred tax	2	-0	-1	-1	0	-1	-1	-1	-2	-0
	21	23	21	29	52	19	24	31	23	29
Profit from associates	0	-0	-0	-0	-2	-1	-1	-1	-2	-2
Minority share								0	1	1
Profit to shareholders			21	29				30	22	28
YOY Profit Growth %					148.38%	-16.60%	11.98%	3.65%	-56.43%	50.71%
EPS in Rs	8.83	9.32	8.68	12.05	21.34	7.77	9.14	11.46	8.20	10.51
Raw filing

₹ Cr	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	253	273	297	370	681	346	392	471	403	451
YOY Sales Growth %					169.79%	26.74%	32.10%	27.28%	-40.86%	30.09%
	217	230	255	315	577	300	345	410	356	391
Material Cost %	71%	70%	70%	71%	70%	71%	72%	72%	71%	71%
Employee Cost %	8%	7%	7%	7%	7%	7%	7%	7%	7%	8%
Other Expenses %	8%	7%	9%	8%	8%	8%	9%	8%	9%	8%
Operating Profit	36	43	42	55	104	46	48	61	47	59
OPM %	14%	16%	14%	15%	15%	13%	12%	13%	12%	13%
	6	6	6	7	12	6	11	13	11	11
Exceptional items								-2
Interest	4	5	5	5	10	6	7	7	7	8
Depreciation	13	14	15	17	34	19	21	24	23	25
Profit before tax	25	31	29	40	72	27	31	41	28	38
	25%	25%	25%	26%	25%	26%	25%	26%	26%	26%
Current tax	5	8	8	12	18	8	9	12	9	10
Deferred tax	2	-0	-1	-1	0	-1	-1	-1	-2	-0
	19	23	21	30	54	20	23	31	21	28
YOY Profit Growth %					183.66%	-11.58%	8.70%	3.00%	-61.48%	37.87%
EPS in Rs	7.94	9.38	8.72	12.15	22.04	8.29	9.09	11.54	7.73	10.46
Raw filing

Source: the company's results filed with NSE, as reported. Tap a row marked + for its breakdown. Latest quarter on the right.

Profit & Loss

Consolidated figures in ₹ crore /

₹ Cr	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	577	789	999	1,252	1,612	1,728
YOY Sales Growth %		36.59%	26.69%	25.29%	28.81%
	510	674	847	1,062	1,404	1,504
Material Cost %	71%	69%	70%	70%	71%	71%
Employee Cost %	7%	7%	7%	7%	7%	8%
Other Expenses %	10%	10%	8%	8%	9%	9%
Operating Profit	67	114	152	190	208	223
OPM %	12%	15%	15%	15%	13%	13%
	13	15	24	24	46	54
Exceptional items					-2	-2
Interest	17	14	16	19	27	30
Depreciation	32	35	49	63	89	97
Profit before tax	32	80	111	132	135	149
	26%	25%	25%	26%	26%	26%
Current tax	9	20	28	35	40
Deferred tax	-1	1	-0	-1	-5
	23	60	83	96	96	106
Profit from associates	0	0	1	-2	-5	-5
Minority share					1	1
Profit to shareholders					95	81
YOY Profit Growth %		157.82%	38.14%	15.60%	-0.15%
EPS in Rs	0.00	0.00	34.98	39.33	36.21	39.31

Compounded Sales Growth

3 Years:: 27%
TTM:: 2%

Compounded Profit Growth

3 Years:: 17%
TTM:: -13%

Stock Price CAGR

3 Years:: 15%
1 Year:: -7%

Return on Equity

4 Years:: 10%
Last Year:: 8%

₹ Cr	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	577	789	998	1,252	1,613	1,717
YOY Sales Growth %		36.59%	26.55%	25.42%	28.84%
	511	675	847	1,063	1,411	1,502
Material Cost %	71%	69%	70%	70%	72%	72%
Employee Cost %	7%	6%	7%	7%	7%	7%
Other Expenses %	10%	10%	8%	8%	9%	9%
Operating Profit	66	113	150	189	202	215
OPM %	11%	14%	15%	15%	13%	13%
	13	15	22	25	41	46
Exceptional items					-2	-2
Interest	17	14	16	19	27	29
Depreciation	31	35	48	63	87	92
Profit before tax	31	80	109	132	127	138
	25%	25%	25%	25%	26%	25%
Current tax	9	19	28	34	38
Deferred tax	-1	1	-0	-1	-5
	23	60	81	98	95	103
YOY Profit Growth %		155.94%	35.95%	20.87%	-3.39%
EPS in Rs	12.67	0.00	34.14	40.14	36.27	38.82

Compounded Sales Growth

3 Years:: 27%
TTM:: 1%

Compounded Profit Growth

3 Years:: 17%
TTM:: -18%

Stock Price CAGR

3 Years:: 15%
1 Year:: -7%

Return on Equity

4 Years:: 10%
Last Year:: 8%

Financial years ending March; TTM = the last four quarters. Source: the company's results filed with NSE, as reported. Tap a row marked + for its breakdown. Dividend payout = dividends paid in the year ÷ net profit.

Balance Sheet

Consolidated figures in ₹ crore, as at 31 March

₹ Cr	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	23	24	24	27
Reserves	608	859	958	1,461
	121	145	289	322
Long term borrowings	7	2	0	0
Short term borrowings	1	5	2	0
	127	142	139	387
Trade payables	97	96	89	142
Minority interest				176
Current liabilities	150	171	179	265
Total Liabilities	880	1,171	1,410	2,197
	160	196	389	462
Gross block	188	234	437	536
Accumulated depreciation	28	39	48	74
Goodwill & intangibles	41	43	43	43
CWIP	4	7	31	11
	715	968	990	1,724
Inventories	340	440	593	695
Trade receivables	6	16	18	17
Cash & equivalents	28	61	28	144
Current assets	639	864	891	1,489
Total Assets	880	1,171	1,410	2,197

Source: Yahoo Finance (compiled from the annual reports). Tap a row marked + for its breakdown.

Cash Flows

Consolidated figures in ₹ crore, financial years ending March

₹ Cr	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	-2	31	-20	90
Profit for the year	60	83	96	95
Working capital changes	-97	-94	-178	-78
Direct taxes paid	-20	-28	-35	-42
	-256	-123	47	-476
Fixed assets purchased	-57	-39	-79	-71
Fixed assets sold	1	8	6	1
Investments purchased	-208	-85		-426
Investments sold			102
	249	125	-58	502
Proceeds from borrowings	2	0
Repayment of borrowings	-31	-1	-0	-0
Interest paid	-16	-15	-20	-33
Net Cash Flow	-10	33	-32	116
Free Cash Flow	-59	-9	-100	18

Free cash flow = cash from operations − capital expenditure. Source: Yahoo Finance.

Ratios

Ratio	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
ROE	—	9.5%	11.0%	10.3%	7.7%
ROCE	—	13.0%	12.7%	12.1%	8.1%
Operating margin	—	11.5%	11.2%	11.1%	8.6%
Net margin	—	7.6%	8.3%	7.7%	5.9%
Debt / equity	—	0.19	0.16	0.29	0.22
Current ratio	—	4.27	5.06	4.96	5.62
Debtor days	—	3	6	5	4
Inventory days	—	226	228	245	220
Days payable	—	64	50	37	45
Cash conversion cycle	—	165	184	213	179
Working capital days	—	226	253	207	277

Computed from the reported statements: ROE on average equity; ROCE = EBIT / (total assets − current liabilities). Debtor days = receivables ÷ sales × 365; inventory and payable days use cost of goods sold; cash conversion cycle = debtor + inventory − payable days; working capital days = (current assets − current liabilities) ÷ sales × 365.

Shareholding Pattern

Numbers in percentages · as filed with NSE each quarter

Promoters 50.59%
FIIs 8.85%
DIIs 25.80%
Public 14.76%

%	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Promoters	57.89%	55.72%	54.71%	51.21%	50.79%	50.58%	50.58%	50.59%	50.59%	50.59%	50.59%	50.59%
	10.41%	11.28%	11.21%	12.28%	12.60%	12.56%	13.13%	13.29%	12.60%	10.89%	11.33%	8.85%
Foreign portfolio investors (Cat. I)	7.78%	8.22%	8.12%	8.98%	9.14%	8.45%	8.00%	7.99%	7.25%	6.24%	6.50%	3.87%
Foreign portfolio investors (Cat. II)	2.63%	3.06%	3.08%	3.30%	3.47%	4.11%	5.13%	5.30%	5.34%	4.65%	4.83%	4.98%
	12.16%	13.08%	14.05%	15.64%	16.58%	17.85%	18.18%	19.96%	21.25%	23.59%	23.91%	25.80%
Mutual funds	9.87%	10.89%	11.89%	13.69%	14.38%	15.56%	15.98%	17.90%	18.61%	20.16%	20.33%	22.12%
Insurance companies	0.34%	0.34%	0.37%	0.30%	0.67%	0.88%	0.75%	0.75%	0.60%	1.39%	1.51%	1.76%
Alternative investment funds	1.96%	1.85%	1.78%	1.65%	1.53%	1.41%	1.45%	1.30%	2.04%	2.04%	2.07%	1.92%
	19.54%	19.91%	20.04%	20.88%	20.02%	19.01%	18.10%	16.17%	15.57%	14.94%	14.17%	14.76%
Retail (up to ₹2 lakh)	7.35%	7.70%	8.08%	8.36%	8.73%	9.00%	8.74%	8.20%	8.06%	7.79%	7.37%	8.13%
HNIs (above ₹2 lakh)	7.19%	7.00%	6.69%	6.96%	5.98%	4.94%	4.29%	3.17%	2.82%	2.62%	2.49%	2.49%
NRIs	0.59%	0.57%	0.64%	0.74%	0.79%	0.90%	0.89%	0.84%	0.77%	0.75%	0.70%	0.67%
Bodies corporate	4.08%	4.37%	4.36%	4.54%	4.23%	3.91%	3.89%	3.68%	3.63%	3.53%	3.39%	3.25%
No. of Shareholders	27,067	29,715	32,330	35,858	39,756	42,900	41,464	40,447	40,325	38,627	36,940	45,968

Source: shareholding patterns filed by the company with NSE. Public = non-institutional holders. Tap a row marked + for its breakdown.

Mutual funds & institutions holding Ethos

Holder (above 1%)	Stake
ICICI PRUDENTIAL EXPORTS AND SERVICES FUNDMutual fund · see the fund house	8.13%
Invesco India Flexi Cap FundMutual fund	7.45%
Bandhan Large & Mid Cap FundMutual fund	2.60%
Quant Small Cap FundMutual fund	2.01%
Icici Prudential Life Insurance Company LimitedInsurance	1.76%

As named in the shareholding pattern for Sep 2026 filed with NSE; mutual funds together hold 22.12% of the company. Shareholders below 1% are not named in the filing.

Documents

Announcements

All announcements on NSE →

Annual reports

Credit ratings

Concalls & investor meets

Filings made by the company with NSE; documents open on NSE's website.

Key dates

Ex-dividend date: 1 Jan 1970
Latest quarter: 30 Jun 2026
Financial year end: 31 Mar 2026

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Latest news

In the news

From the company (NSE)

Headlines from news publishers (via Google News) and the filings of the company with NSE; they open on the source website. Headlines with price targets or buy/sell calls are left out. News is for information only and is not a recommendation.

Questions about Ethos Limited

What is the share price of Ethos Limited today?

Ethos Limited (ETHOSLTD) last traded at ₹2,611.40 on NSE (16 Oct 2026, 3:30 PM IST). Prices may be delayed.

What is the market cap of Ethos Limited?

About ₹6,988 crore at the latest price.

What is the P/E ratio of Ethos Limited?

About 67.0 times its earnings over the last 12 months.

Is Ethos Limited a good investment?

We do not give views on individual shares. Whether any share suits you depends on your goals, time horizon and risk appetite; for long-term goals, a diversified mutual fund is often a simpler way to own shares. Investments in securities markets are subject to market risks.

How can I buy Ethos Limited shares?

You need a trading and demat account with a SEBI-registered stock broker. We can help you open one through Parshvanath Investments, an Authorised Person of Master Capital Services Ltd (SEBI Reg. INZ000210539). We provide execution and account service only, not tips or research.

Important. Prices from NSE via Yahoo Finance. Quarterly and annual results, shareholding and documents are taken from the filings the company made with NSE; balance sheet, cash flow and valuation figures are compiled by Yahoo Finance; ratios are computed by us from them. Figures may be delayed or revised. This page is for information only: it is not research, a recommendation or an offer to buy or sell any security. Investments in securities markets are subject to market risks; read all related documents carefully before investing. Plenitude Connect Private Limited is an AMFI-registered Mutual Fund Distributor (ARN-130934); share broking is offered through Parshvanath Investments, Authorised Person of Master Capital Services Ltd (SEBI Reg. INZ000210539).

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Ethos Limited share price

Price chart

Quick take

Pros

Cons

AI analysis

About Ethos Limited

Peer comparison

Quarterly Results

Profit & Loss

Projection — your assumptions

Related party transactions

Compounded Sales Growth

Compounded Profit Growth

Stock Price CAGR

Return on Equity

Compounded Sales Growth

Compounded Profit Growth

Stock Price CAGR

Return on Equity

Balance Sheet

Cash Flows

Ratios

Shareholding Pattern

Mutual funds & institutions holding Ethos

Documents

Announcements

Annual reports

Credit ratings

Concalls & investor meets

Key dates

Trade with our broking desk

Latest news

In the news

From the company (NSE)

Questions about Ethos Limited

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