Ethos Ltd. (ETHOSLTD) AI Stock Analysis

• Market Cap: ₹75.76B
• Dividend Yield: N/A
• Average Volume (3M): 1.20K
• Price to Earnings (P/E): 77.0
• Beta (1Y): 0.70
• Revenue Growth: 27.10%
• EPS Growth: 3.68%
• Country: IN
• Employees: 617
• Sector: Services
• Sector Strength: N/A
• Industry: Luxury Goods
• EPS (TTM): 7.75
• Shares Outstanding: 26,757,692
• 10 Day Avg. Volume: 1,406
• 30 Day Avg. Volume: 1,199
• PEG Ratio: 7.24
• Price to Book (P/B): 6.11
• Price to Sales (P/S): 4.79
• P/FCF Ratio: -60.19
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: Hold
• Number of Analyst Covering: 0

• Rating: 71 Outperform
• Price Target: ₹3,223.00 ▲(11.41% Upside)

Ethos Ltd. benefits from strong financial performance and technical momentum, but high valuation metrics and cash flow challenges weigh on the overall score. The stock's bullish technical indicators are a significant positive, but the high P/E ratio suggests caution.

Ethos Ltd. Business Overview & Revenue Model

Company Description

Ethos Ltd. (ETHOSLTD) is a leading provider in the technology sector, specializing in innovative software solutions and digital services. The company focuses on developing cutting-edge applications and platforms that enhance business operations and drive digital transformation for enterprises across various industries. Ethos Ltd. is known for its commitment to quality and customer satisfaction, offering a range of products and services designed to meet the evolving needs of its clients.

How the Company Makes Money

Ethos Ltd. generates revenue primarily through the sale of its software products and subscription-based digital services. The company's key revenue streams include licensing fees for its software solutions, subscription fees for its cloud-based platforms, and professional services such as consulting and technical support. Ethos Ltd. also engages in strategic partnerships with other technology firms and industry leaders, which contribute to its earnings through joint ventures and co-branded solutions. Additionally, the company invests in marketing and sales efforts to expand its customer base and increase market penetration, further boosting its revenue.

Ethos Ltd. Financial Statement Overview

Summary

Ethos Ltd. demonstrates strong revenue and profit growth with efficient operations and a stable balance sheet. However, cash flow management is a concern, with negative free cash flow impacting liquidity. Improving cash flow efficiency is crucial for sustained growth.

Income Statement

Ethos Ltd. has shown strong revenue growth with a significant increase in total revenue from 2024 to 2025. The gross profit margin is healthy, indicating efficient cost management. The net profit margin has improved, reflecting enhanced profitability. EBIT and EBITDA margins are robust, showcasing operational efficiency. Overall, the income statement reflects a positive growth trajectory and strong profitability.

Balance Sheet

The company maintains a solid equity base with a favorable equity ratio, indicating financial stability. The debt-to-equity ratio is moderate, suggesting manageable leverage levels. Return on Equity (ROE) has improved, reflecting better utilization of equity to generate profits. The balance sheet is stable, with a strong equity position and controlled debt levels.

Cash Flow

Ethos Ltd. faces challenges in cash flow management, with negative free cash flow indicating higher capital expenditures relative to operating cash flow. The operating cash flow to net income ratio is negative, suggesting inefficiencies in converting income to cash. However, the company has shown the ability to generate cash from financing activities. Overall, cash flow management needs improvement to support long-term growth.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	13.25B	12.52B	9.99B	7.89B	5.77B	3.87B
Gross Profit	3.93B	3.75B	2.96B	2.40B	1.64B	1.04B
EBITDA	2.08B	2.14B	1.76B	1.29B	791.47M	561.95M
Net Income	925.03M	962.88M	832.95M	602.98M	233.88M	47.57M
Balance Sheet
Total Assets	0.00	14.10B	11.71B	8.80B	5.04B	3.92B
Cash, Cash Equivalents and Short-Term Investments	2.20B	1.94B	3.67B	2.44B	383.09M	214.17M
Total Debt	0.00	2.89B	1.45B	1.21B	1.61B	1.40B
Total Liabilities	-9.82B	4.27B	2.87B	2.48B	2.73B	2.36B
Stockholders Equity	9.82B	9.82B	8.84B	6.31B	2.32B	1.56B
Cash Flow
Free Cash Flow	0.00	-996.17M	-86.34M	-587.82M	-70.88M	538.73M
Operating Cash Flow	0.00	-202.87M	308.14M	-21.45M	166.46M	634.68M
Investing Cash Flow	0.00	465.86M	-1.23B	-2.56B	-237.75M	-100.37M
Financing Cash Flow	0.00	-583.99M	1.25B	2.49B	265.04M	-449.59M

Ethos Ltd. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 2892.90
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:ETHOSLTD, the sentiment is Positive. The current price of 2892.9 is above the 20-day moving average (MA) of 2776.85, above the 50-day MA of 2577.01, and above the 200-day MA of 2582.53, indicating a bullish trend. The MACD of 95.35 indicates Negative momentum. The RSI at 64.83 is Neutral, neither overbought nor oversold. The STOCH value of 50.54 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:ETHOSLTD.

Ethos Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
INFIBEAM	―	₹65.79B	27.04	―	0.23%	42.31%	6.38%
ETHOSLTD	―	₹75.76B	77.01	―	―	27.10%	3.68%
IONEXCHANG	―	₹59.09B	22.58	―	0.38%	12.99%	1.85%
THOMASCOOK	―	₹76.58B	30.18	―	0.28%	12.46%	-4.05%
MHRIL	―	₹66.87B	51.51	―	―	3.14%	6.79%
LEMONTREE	―	₹131.63B	61.17	―	―	20.03%	48.49%
Sector *	―	$13.29B	17.42	10.03%	0.93%	7.13%	-12.93%

Ethos Ltd. Corporate Events

Ethos Limited Announces Trading Window Closure

Ethos Limited has announced the closure of its trading window in compliance with the SEBI (Prohibition of Insider Trading) Regulations, 2015. This measure will be effective from October 1, 2025, until 48 hours after the company declares its unaudited financial results for the quarter and half-year ending September 30, 2025. This closure is part of the company’s adherence to regulatory requirements, ensuring that designated persons and their immediate relatives do not engage in trading activities during sensitive periods. The announcement underscores Ethos Limited’s commitment to maintaining transparency and compliance in its operations, which is crucial for its stakeholders and market integrity.

Ethos Limited Announces Virtual AGM and Annual Report Access

Ethos Limited has announced the scheduling of its 18th Annual General Meeting (AGM) on September 15, 2025, which will be conducted virtually. The company has dispatched letters to shareholders, particularly those without registered email addresses, providing a web link to access the Annual Report for the financial year 2024-25. This move aligns with regulatory requirements and emphasizes the company’s commitment to maintaining transparent communication with its stakeholders.

Ethos Limited Announces 18th AGM and Key Appointments

Ethos Limited has announced its 18th Annual General Meeting (AGM) scheduled for September 15, 2025, to be conducted via video conferencing. The AGM will address several key business matters, including the adoption of financial statements for the fiscal year ending March 31, 2025, the reappointment of Mr. Mukul Krishan Khanna as a director, and the appointment of Mr. Vishal Arora as the Secretarial Auditor for a five-year term. These decisions are expected to impact the company’s governance and operational strategies moving forward.

Ethos Ltd. Extends Timeline for IPO Proceeds Utilization

Ethos Limited has announced the publication of notices in newspapers regarding its 18th Annual General Meeting and the extension of the timeline for utilizing unutilized IPO proceeds. The meeting is scheduled to be held on September 15, 2025, through video conferencing. This move to extend the timeline for IPO proceeds utilization reflects the company’s strategic adjustments to optimize its financial resources, potentially impacting its operational strategies and stakeholder interests.