Pulse
NIFTY 5024,980.40+0.35%
SENSEX81,720.10+0.28%
NIFTY SHARIAH 254,850.15+0.42%
GOLD 24K (10g)₹75,420+0.38%
SILVER (1kg)₹88,400-0.12%
ACTIVE IPOS8 Open+38% GMP
TCS₹4,124.50+1.18%
INFY₹1,892.40+1.22%
USD/INR₹83.92-0.04%
NIFTY 5024,980.40+0.35%
SENSEX81,720.10+0.28%
NIFTY SHARIAH 254,850.15+0.42%
GOLD 24K (10g)₹75,420+0.38%
SILVER (1kg)₹88,400-0.12%
ACTIVE IPOS8 Open+38% GMP
TCS₹4,124.50+1.18%
INFY₹1,892.40+1.22%
USD/INR₹83.92-0.04%
Ethos Limited

Ethos Limited

NSE: ETHOSLTD
Luxury GoodsConsumer CyclicalSMALL CAPMCap ₹6.99k Cr
₹2,611.40₹38.00 (+1.48%)

Market Closed • NSE

Market cap₹6.99k Cr
Enterprise value₹6.72k Cr
P/E TTM67.04
Forward P/E38.31
P/B4.70
EPS TTM₹38.95
Forward EPS₹68.17
D/E0.19
Dividend yield0.00%
52W high₹3,245.90
52W low₹1,919.40
Price chart(1Y)
1Y Return:+10.73% (+₹253.00)
H: ₹3,090.4L: ₹2,340.1
1W+2.40%
1M-1.49%
3M-1.60%
6M+5.73%
1Y-9.08%
Today at a glance

Day range

₹2,565.00₹2,632.00

52 week range

₹1,919.40₹3,245.90
Volume70.7K1.34x 20D avg
Free float50.00%+33.80% volume

Ethos Limited closed at INR2611.40 (+1.48%) on volume 1.34x its 20-day average, trading 19.55% below its 52-week high.

Technical analysis
RSI (14)49.2Neutral (30–70)
MACDBULLISHBullish (Above signal)
ATR (14)₹84.61High
SMA 20₹2,583.70BULLISH
SMA 50₹2,712.53BEARISH
SMA 100₹2,608.58BULLISH
SMA 200₹2,533.56BULLISH
CPR bottom₹2,579.55
Pivot₹2,577.50
CPR top₹2,575.45
What changed recently?

2025-06-12

RIGHTS Announced

Rights 4:43@ Premium Rs 1790/-

2024-09-20

AGM Announced

Annual General Meeting

Shariah audit
Methodology: AAOIFI Shariah Standard No. 21
PASS4/4 criteria
Shariah Compliant
CriteriaNumeratorDenominatorValueThresholdStatus
Interest-bearing debt ratio₹322.3 Cr₹6.99k Cr4.61%≤ 33%PASS
Non-halal income ratio–₹1.61k Cr0.00%≤ 5%PASS
Illiquid assets ratio₹2.05k Cr₹2.20k Cr93.44%≥ 20%PASS
Receivables ratio–₹2.20k Cr—≤ 49%PASS
Valuation & sector context
MetricCompanySector
P/E67.0426.80
Forward P/E38.31—
P/B4.702.70
EV/EBITDA—18.00
PEG—1.00
Earnings yield1.503.70
Growth & profitability
RevenuePAT
FY24PAT margin 8.30%
FY25PAT margin 7.70%
FY26PAT margin 6.00%

Revenue and PAT bars use independent scales to make their year-on-year direction readable.

Revenue CAGR 3Y+8.80%
Revenue CAGR 5Y+10.00%
PAT CAGR 3Y-0.50%
PAT CAGR 5Y+2.60%
Operating margin7.67%
Net margin6.01%
Financial health & cash flow
Net debt₹178.2 CrModerate
Interest coverage4.30xEBIT / interest
CFO / PAT0.36x3Y average
Net debt / EBITDA—Leverage
Operating cash flow₹89.6 Cr
Capital expenditure–
Free cash flow₹18.3 Cr
Financial statements

Complete reported financial history · Values use the company's reporting currency

Hover over the chart for exact reported values. Percentage lines use the right-hand axis.

Fundamental scorecard
Overall60/100
Valuation35/100
Profitability50/100
Financial health95/100

A 0–100 quantitative summary of reported fundamentals. Use the underlying financials and risks for context; the score is not a buy or sell recommendation.

Strengths, risks & investment thesis

Strengths

Low Debt Profile: Debt-to-Equity is comfortable at 0.19x

Risks

Stretched Valuation: Trading at a high P/E multiple of 67.0x

Bull case

Market Leadership: Established operational scale in Luxury Goods.

Bear case

Macro Headwinds: Fluctuations in interest rates and sector-specific policy shifts could compress multiples.

Flip condition

Sustained quarterly EBITDA margin expansion above 20% would trigger an upgrade.

Corporate Action

Complete dividend, bonus, split, rights and other action history

Record dateCorporate actionInformationAnnouncement dateEx-date
12 Jun 2025Rights issueRights 4:43@ Premium Rs 1790/-—12 Jun 2025
—Annual General MeetingAnnual General Meeting—20 Sept 2024
—Annual General MeetingAnnual General Meeting—22 Sept 2023
—Annual General MeetingAnnual General Meeting—16 Sept 2022
Delivery participation

Traded volume and delivery percentage across the latest 20 sessions

Average delivery (20D)54.93%+14.50% latest vs average
Highest delivery82.85%on 06 Oct
Average volume (20D)52.8KTrading-session average
Conviction trendStrengthening+14.50% latest reading
Traded volumeDelivery %
Peer comparison

Compare valuation, latest quarterly performance and year-on-year growth

8 companies
Company nameMarket cap ₹ CrP/E ratioDividend yield %Quarterly sales ₹ CrProfit after tax ₹ CrSales growth %Profit growth %
Titan Company Limited
Titan Company LimitedTITAN
Open analysis
₹3.94L68.510.34%₹21,356.00₹1,777.00+29.25%+62.88%
Maruti Suzuki India Limited
Maruti Suzuki India LimitedMARUTI
Open analysis
₹3.61L25.201.22%₹52,470.00₹3,447.00+35.92%-9.10%
Mahindra & Mahindra Limited
Mahindra & Mahindra LimitedM&M
Open analysis
₹3.51L17.781.15%₹41,959.00₹3,685.00+22.89%+6.81%
Eternal Limited
Eternal LimitedETERNAL
Open analysis
₹3.00L692.130.00%₹3,349.00₹585.00+38.79%-2.82%
Bajaj Auto Limited
Bajaj Auto LimitedBAJAJ-AUTO
Open analysis
₹2.86L24.741.44%₹17,243.72₹2,982.84+36.35%+34.94%
Eicher Motors Limited
Eicher Motors LimitedEICHERMOT
Open analysis
₹2.00L34.661.13%₹6,632.00₹1,463.00+31.54%+21.41%
TVS Motor Company Limited
TVS Motor Company LimitedTVSMOTOR
Open analysis
₹1.95L56.760.30%₹16,296.00₹1,058.00+33.46%+64.54%
Samvardhana Motherson International Limited
Samvardhana Motherson International LimitedMOTHERSON
Open analysis
₹1.70L38.550.31%₹35,244.00₹1,076.00+16.66%+77.56%
About Ethos Limited
Ethos Limited

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; collector boxes; and luggage products. It also provides product repair and services, including movement overhauling, battery replacement, ultrasonic cleaning, polishing, performance tests, and watch parts and strap replacement. The company sells its products through online channels. Ethos Limited was founded in 2003 and is headquartered in Gurugram, India.

IndiaConsumer Cyclical

Questions investors ask
Is Ethos Limited Shariah compliant?

Ethos Limited is currently screened as Shariah Compliant under AAOIFI Shariah Standard No. 21. Business activities align with Shariah permissible sectors. Debt to Market Cap (4.61%) complies with AAOIFI threshold (≤ 33%).

What is Ethos Limited's current valuation relative to peers?

Ethos Limited trades at a P/E of 67.0x compared to the sector median of 26.8x, and a Price-to-Book of 4.7x.

Is the company financially healthy?

The company has a Debt-to-Equity ratio of 0.19x. Interest coverage is 4.3x.

What are the historical revenue and profit growth rates?

Over the past 5 years, revenue compounded at 10% while net profit growth averaged 2.6%.

Market data is informational and may be delayed. Shariah screening follows the displayed methodology. This is not investment advice.

Market data may be delayed. Quote date: 2026-10-16. Financial figures relate to their stated reporting periods. This information is for research and is not a recommendation to buy or sell.