Ethos Ltd. (IN:ETHOSLTD)
:ETHOSLTD
Want to see IN:ETHOSLTD full AI Analyst Report?
Top Page
Ethos Ltd.
(ETHOSLTD)
Select Model
Select Model
Rating:55Neutral
Price Target:
₹2,388.00
▼(-19.12% Downside)
Action:Reiterated
Date:05/15/26
The score is supported by strong revenue growth and a de-risked, low-leverage balance sheet, but is held back by 2026 margin compression and a history of weak/volatile free cash flow. Technical indicators show weak momentum and the P/E is high, further capping the overall score.
Positive Factors
Revenue Growth
Multi-year revenue scaling with a 2026 re-acceleration to ~14% indicates durable demand and successful market penetration. Sustained top-line expansion supports investment in brand, distribution and product development, improving the odds of continued structural growth over months.
Negative Factors
Margin Compression
Sharp, recent gross and net margin declines materially reduce earnings power and suggest cost or pricing pressures. If structural, compressed margins erode free cash flow and returns, requiring persistent efficiency gains or price recovery to restore durable profitability.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
Multi-year revenue scaling with a 2026 re-acceleration to ~14% indicates durable demand and successful market penetration. Sustained top-line expansion supports investment in brand, distribution and product development, improving the odds of continued structural growth over months.
Read all positive factors
Ethos Ltd. (ETHOSLTD) vs. iShares MSCI India ETF (INDA)
Market Cap
₹63.14B
Dividend YieldN/A
Average Volume (3M)1.20K
Price to Earnings (P/E)60.3
Beta (1Y)0.92
Revenue Growth28.81%
EPS Growth-4.93%
CountryIN
Employees617
SectorServices
Sector StrengthN/A
IndustryLuxury Goods
Share Statistics
EPS (TTM)37.48
Shares Outstanding26,757,692
10 Day Avg. Volume1,406
30 Day Avg. Volume1,199
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)66.64
Revenue Forecast (FY)₹19.48B
Ethos Ltd. Business Overview & Revenue Model
Company Description
Ethos Limited operates a chain of watch boutiques. It sells watches and accessories. The company also provides watch aftercare services, including repair, restoration, movement overhauling, ultrasonic cleaning, engraving, and alterations. It opera...
How the Company Makes Money
null...
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 | 14.11B | 16.12B | 12.52B | 9.99B | 7.89B | 5.77B |
| Gross Profit | 4.14B | 2.60B | 3.75B | 2.96B | 2.40B | 1.64B |
| EBITDA | 2.19B | 2.08B | 2.14B | 1.76B | 1.29B | 791.47M |
| Net Income | 945.73M | 947.65M | 962.88M | 832.95M | 602.98M | 233.88M |
Balance Sheet | ||||||
| Total Assets | 21.40B | 21.97B | 14.10B | 11.71B | 8.80B | 5.04B |
| Cash, Cash Equivalents and Short-Term Investments | 8.21B | 6.62B | 1.94B | 3.67B | 2.44B | 383.09M |
| Total Debt | 3.14B | 3.22B | 2.89B | 1.45B | 1.21B | 1.61B |
| Total Liabilities | 5.31B | 5.33B | 4.27B | 2.87B | 2.48B | 2.73B |
| Stockholders Equity | 14.34B | 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
2952.50
Price Trends
2330.98
Negative
2496.98
Negative
2619.57
Negative
Market Momentum
-25.88
Positive
44.29
Neutral
32.47
Neutral
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 2952.5 is above the 20-day moving average (MA) of 2440.36, above the 50-day MA of 2330.98, and above the 200-day MA of 2619.57, indicating a bearish trend. The MACD of -25.88 indicates Positive momentum. The RSI at 44.29 is Neutral, neither overbought nor oversold. The STOCH value of 32.47 is Neutral, 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 |
|---|---|---|---|---|---|---|---|
64 Neutral | ₹43.88B | 19.11 | ― | 0.32% | 3.18% | -14.01% | |
61 Neutral | ₹87.98B | 50.31 | ― | ― | 13.91% | 23.10% | |
60 Neutral | ₹57.24B | 55.57 | ― | 0.40% | 7.52% | -16.28% | |
55 Neutral | $13.29B | 17.42 | 10.03% | 0.93% | 7.13% | -12.93% | |
55 Neutral | ₹63.14B | 60.30 | ― | ― | 28.81% | -4.93% | |
47 Neutral | ₹44.61B | 27.42 | ― | ― | 7.58% | -45.54% |
* Services Sector Average
IN:ETHOSLTD
Ethos Ltd.
2,359.85
-308.22
-11.55%
IN:IONEXCHANG
Ion Exchange (India) Ltd.
390.25
-170.11
-30.36%
IN:LEMONTREE
Lemon Tree Hotels Ltd.
111.05
-25.70
-18.79%
IN:MHRIL
Mahindra Holidays & Resorts India Limited
220.80
-139.45
-38.71%
IN:THOMASCOOK
Thomas Cook (India) Limited
93.29
-73.17
-43.96%
Ethos Ltd. Corporate Events
Ethos Shareholders Approve Reappointment of Chairman Yashovardhan Saboo Amid Institutional Dissent
Mar 28, 2026
Ethos Limited has announced the results of a recent postal ballot, confirming that shareholders approved a special resolution to reappoint Chairman and Whole-Time Director Yashovardhan Saboo for a three-year term from April 1, 2026, to March 31, 2...
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.