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Ethos Limited (ETHOSLTD.NS)

INR2,625.80 -19.90 (-0.75%)
IN NSE Consumer Cyclical Luxury Goods
Address Kamla Centre 160009
Chandigarh, IN
CEO Pranav Shankar Saboo
IPO 2022-05-30
ISIN INE04TZ01018

Explore sections of this company profile

Also trades on Bombay Stock Exchange · ETHOSLTD.BO (INR) National Stock Exchange of India · ETHOSLTD.NS (INR)
Description

Ethos Limited manages a robust network of watch retail outlets, specializing in the sale of timepieces and related accessories. Beyond sales, the company extends comprehensive after-sales watch services, including intricate repairs, meticulous restoration, detailed movement overhauls, ultrasonic cleaning, bespoke engraving, and various custom alterations. Its market presence encompasses 50 physical stores throughout India, an active online sales channel, and a portfolio featuring approximately 60 luxury watch brands. Founded in 2003, Ethos is headquartered in Chandigarh, India, and functions as a subsidiary of KDDL Limited.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
INR2,625.80 -19.90 (-0.75%)
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Volume Profile
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Liquidity & share structure
Average Volume
32.4K
Beta
0.07
Float Shares
12.27M
Free Float %
45.9%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
+0.94% -2.50% -4.99% -5.58% -17.94% -21.43% -11.29% +83.40% +191.25% +191.25% +191.25%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
2,625.80
DCF (Unlevered) 9,618.72 +266.3%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 100% Bullish
Rating 2026-05 Change
Strong Buy 0 0
Buy 1 0
Hold 0 0
Sell 0 0
Strong Sell 0 0
Quality scores
Altman Z-Score
8.67
Safe zone
Piotroski F-Score
4 / 9
Average
MOAT Score
5 / 10
Developing
Composite Rating
B-
Overall Score
2 / 5
Medium
DCF Score
1 / 5
Low
ROE Score
3 / 5
Medium
ROA Score
4 / 5
High
D/E Score
3 / 5
Medium
P/E Score
1 / 5
Low
P/Book Score
2 / 5
Medium
Operational MOAT
✗ Below peers
  • Revenue growth Luxury Goods: +16.7%
    +28.8% Q1'26: +33.0% (vs Q1'25)
  • EPS growth Luxury Goods: +44.9%
    -4.7% Q1'26: -11.7% (vs Q1'25)
  • FCF margin FCF growth · Luxury Goods: +47.0%
    -0.2% Q1'26: +7.7% (vs Q1'25)
  • EBIT margin Luxury Goods: +9.4%
    +7.3% Q1'26: +6.4% (vs Q1'25)
  • ROIC Luxury Goods: +9.9%
    +6.6% Q1'26: +5.9% (vs Q1'25)
  • Share dilution Luxury Goods: +0.0%
    +6.9% Q1'26: +9.6% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Luxury Goods: 0.25×
    1.55× Q1'26: 1.57× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.10) × ERP
WACC = 95% × Ke + 5% × Kd (8.5%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 3,228.35 Current price: 2,625.80
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Mar 2023
actual
Mar 2024
actual
Mar 2025
actual
Mar 2026
1 Rev. Ana.
1 EPS Ana.
Mar 2027
1 Rev. Ana.
1 EPS Ana.
Mar 2028
1 Rev. Ana.
1 EPS Ana.
Mar 2029
1 Rev. Ana.
1 EPS Ana.
Revenue
7.89B
est: 8.51B (-7.3%)
9.99B
est: 10.23B (-2.4%)
12.52B
est: 12.67B (-1.2%)
15.88B
15.88B – 15.88B
+25.3% YoY
19.58B
19.58B – 19.58B
+23.3% YoY
24.02B
24.02B – 24.02B
+22.7% YoY
31.14B
31.14B – 31.14B
+29.7% YoY
EBITDA
1.29B
est: 1.35B (-4.3%)
1.76B
est: 2.20B (-19.9%)
2.14B
est: 2.72B (-21.2%)
3.41B
3.41B – 3.41B
+25.3% YoY
4.20B
4.20B – 4.20B
+23.3% YoY
5.16B
5.16B – 5.16B
+22.7% YoY
6.69B
6.69B – 6.69B
+29.7% YoY
EBIT
947.22M
est: 871.93M (+8.6%)
1.27B
est: 2.02B (-36.9%)
1.51B
est: 2.50B (-39.4%)
3.13B
3.13B – 3.13B
+25.3% YoY
3.86B
3.86B – 3.86B
+23.3% YoY
4.74B
4.74B – 4.74B
+22.7% YoY
6.14B
6.14B – 6.14B
+29.7% YoY
Net Income
602.98M
est: 602.69M (+0.0%)
832.95M
est: 978.44M (-14.9%)
962.88M
est: 1.18B (-18.1%)
1.25B
1.25B – 1.25B
+6.6% YoY
1.62B
1.62B – 1.62B
+29.6% YoY
1.79B
1.79B – 1.79B
+10.3% YoY
1.95B
1.95B – 1.95B
+8.7% YoY
SGA
345.02M
est: 413.64M (-16.6%)
319.81M
est: 497.43M (-35.7%)
853.36M
est: 615.95M (+38.5%)
771.73M
771.73M – 771.73M
+25.3% YoY
951.44M
951.44M – 951.44M
+23.3% YoY
1.17B
1.17B – 1.17B
+22.7% YoY
1.51B
1.51B – 1.51B
+29.7% YoY
EPS
25.66
est: 24.62 (+4.2%)
33.79
est: 39.97 (-15.5%)
37.99
est: 48.05 (-20.9%)
51.20
51.20 – 51.20
+6.6% YoY
66.34
66.34 – 66.34
+29.6% YoY
73.20
73.20 – 73.20
+10.3% YoY
79.60
79.60 – 79.60
+8.7% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-14 B- 2/5 1/5 3/5 4/5 3/5 1/5 2/5
2026-05-13 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-05-12 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-05-11 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-05-08 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-05-07 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-05-06 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-05-05 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-05-04 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-04-30 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-04-29 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-04-28 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-04-27 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-04-24 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-04-23 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-04-22 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-04-21 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-04-20 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-04-17 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-04-16 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
1.09B
OE per share TTM
42.97
Owner's Yield
1.74%
Maintenance CapEx ratio
26.80%
Maint CapEx / Avg PPE
25.9%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock Held by 2 ETFs in our universe
# ETF Weight Est. AUM exposure TER
1 State Street SPDR S&P Emerging Markets Small Cap ETF EWX 0.03% 194.3K 0.65%
2 State Street SPDR Portfolio MSCI Global Stock Market ETF SPGM 0.00% 74.6K 0.09%

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
1.92M
Shares Outstanding
26.76M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Pranav Shankar Saboo Chief Executive Officer, Additional MD & Director 68M male
Yashovardhan Saboo Ahmedabad) Chairman & MD 25M male
Munish Gupta Chief Financial Officer male
Juhi Chaturvedi Head of the Merchandising Department female
Saurabh Shrivastava Vice President of Human Resource male
Shubham Kandhway Company Secretary & Compliance Officer male
Rajesh Pandey National Sales Head male
Mukul K. Khanna Chief Operating Officer & Additional Whole time Director male
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend history

Earnings history

Earnings reports

Stock splits