Ethos Ltd. (IN:ETHOSLTD)
:ETHOSLTD
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Ethos Ltd.
(ETHOSLTD)
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Rating:60Neutral
Price Target:
₹2,581.00
▼(-12.58% Downside)
Action:DowngradedDate:03/14/26
The score is driven mainly by strong financial performance (growth and profitability with a stable balance sheet), but it is meaningfully reduced by very weak technical momentum and a high P/E valuation; cash flow weaknesses further temper the financial strength.
Positive Factors
Revenue Growth
Sustained 26.6% revenue growth indicates durable demand and successful market penetration in the luxury segment. Over 2–6 months this supports scalability, pricing power and reinvestment capacity, reducing dependence on one-off sales and underpinning long-term top-line momentum.
Negative Factors
Negative Free Cash Flow
Negative free cash flow signals the business currently spends more on capex than it generates from operations. Persisting FCF deficits can force reliance on external funding, constrain organic growth initiatives, and limit ability to return capital to shareholders over multiple quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
Sustained 26.6% revenue growth indicates durable demand and successful market penetration in the luxury segment. Over 2–6 months this supports scalability, pricing power and reinvestment capacity, reducing dependence on one-off sales and underpinning long-term top-line momentum.
Read all positive factors
Ethos Ltd. (ETHOSLTD) vs. iShares MSCI India ETF (INDA)
Market Cap
₹65.05B
Dividend YieldN/A
Average Volume (3M)1.20K
Price to Earnings (P/E)65.4
Beta (1Y)0.97
Revenue Growth27.79%
EPS Growth2.79%
CountryIN
Employees617
SectorServices
Sector StrengthN/A
IndustryLuxury Goods
Share Statistics
EPS (TTM)11.45
Shares Outstanding26,757,692
10 Day Avg. Volume1,406
30 Day Avg. Volume1,199
Financial Highlights & Ratios
PEG Ratio5.01
Price to Book (P/B)6.11
Price to Sales (P/S)4.79
P/FCF Ratio-60.19
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)62.5
Revenue Forecast (FY)₹19.58B
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
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Ethos Ltd. Financial Statement Overview
Summary
Income Statement
85
Very Positive
Balance Sheet
78
Positive
Cash Flow
65
Positive
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 14.11B | 12.52B | 9.99B | 7.89B | 5.77B | 3.87B |
| Gross Profit | 4.14B | 3.75B | 2.96B | 2.40B | 1.64B | 1.04B |
| EBITDA | 2.19B | 2.14B | 1.76B | 1.29B | 791.47M | 561.95M |
| Net Income | 945.73M | 962.88M | 832.95M | 602.98M | 233.88M | 47.57M |
Balance Sheet | ||||||
| Total Assets | 21.40B | 14.10B | 11.71B | 8.80B | 5.04B | 3.92B |
| Cash, Cash Equivalents and Short-Term Investments | 8.21B | 1.94B | 3.67B | 2.44B | 383.09M | 214.17M |
| Total Debt | 3.14B | 2.89B | 1.45B | 1.21B | 1.61B | 1.40B |
| Total Liabilities | 5.31B | 4.27B | 2.87B | 2.48B | 2.73B | 2.36B |
| Stockholders Equity | 14.34B | 9.82B | 8.84B | 6.31B | 2.32B | 1.56B |
Cash Flow | ||||||
| Free Cash Flow | 318.75M | -996.17M | -86.34M | -587.82M | -70.88M | 538.73M |
| Operating Cash Flow | 604.88M | -202.87M | 308.14M | -21.45M | 166.46M | 634.68M |
| Investing Cash Flow | -3.99B | 465.86M | -1.23B | -2.56B | -237.75M | -100.37M |
| Financing Cash Flow | 5.43B | -583.99M | 1.25B | 2.49B | 265.04M | -449.59M |
Ethos Ltd. Technical Analysis
Neutral
2952.50
Price Trends
2368.55
Positive
2643.16
Negative
2660.17
Negative
Market Momentum
-12.07
Negative
62.62
Neutral
84.08
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:ETHOSLTD, the sentiment is Neutral. The current price of 2952.5 is above the 20-day moving average (MA) of 2191.97, above the 50-day MA of 2368.55, and above the 200-day MA of 2660.17, indicating a neutral trend. The MACD of -12.07 indicates Negative momentum. The RSI at 62.62 is Neutral, neither overbought nor oversold. The STOCH value of 84.08 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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 |
|---|---|---|---|---|---|---|---|
60 Neutral | ₹65.05B | 65.45 | ― | ― | 27.79% | 2.79% | |
60 Neutral | ₹54.35B | 55.57 | ― | 0.40% | 11.56% | -2.78% | |
59 Neutral | ₹48.14B | 41.31 | ― | 0.32% | 11.02% | -9.59% | |
56 Neutral | ₹89.84B | 50.31 | ― | ― | 16.03% | 44.95% | |
56 Neutral | ₹50.12B | 702.73 | ― | ― | 4.25% | 17.51% | |
55 Neutral | $13.29B | 17.42 | 10.03% | 0.93% | 7.13% | -12.93% |
* Services Sector Average
IN:ETHOSLTD
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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...
Ethos Releases Investor Presentation on Q3 and Nine-Month FY26 Unaudited Results
Feb 6, 2026
Ethos Limited has released an investor presentation detailing its unaudited financial results for the quarter and nine-month period ended December 31, 2025. The presentation, made available to stock exchanges and on the company’s website, is...
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.