Ethos Limited Stock Price Today (NSE: ETHOSLTD)
Fundamental Score
Ethos Limited Share Price — Live NSE/BSE Price, Fundamentals & Analysis
Ethos Limited share price today is ₹2894.70, up +0.09% on NSE/BSE as of 25 August 2026. Ethos Limited (ETHOSLTD) is a Mid-cap company in the Gems, Jewellery And Watches sector with a market capitalisation of ₹7.12K (Cr). The 52-week high for ETHOSLTD share price is ₹3245.90 and the 52-week low is ₹1919.40. At a P/E ratio of 88.39x, ETHOSLTD is currently trading above its industry average P/E of 18.82x. The company has a Return on Equity (ROE) of 7.67% and a debt-to-equity ratio of 0.00.
Ethos Limited Share Price Chart — NSE/BSE Historical Performance
Ethos Limited share price chart: 8.98% return over the past month. 52-week high ₹3245.90, 52-week low ₹1919.40.
Ethos Limited — Last 10 Trading Days
| Date | Open | High | Low | Close | Volume |
|---|---|---|---|---|---|
| ₹2908.00 | ₹2936.60 | ₹2861.10 | ₹2894.70 | 43.32K (Cr) | |
| ₹2956.50 | ₹3062.70 | ₹2850.10 | ₹2892.20 | 9.61L (Cr) | |
| ₹2870.00 | ₹2870.00 | ₹2732.30 | ₹2747.40 | 14.01K (Cr) | |
| ₹2813.50 | ₹2830.00 | ₹2772.10 | ₹2808.60 | 12.14K (Cr) | |
| ₹2829.90 | ₹2853.90 | ₹2768.10 | ₹2790.30 | 19.72K (Cr) | |
| ₹2840.00 | ₹2889.00 | ₹2810.00 | ₹2829.30 | 24.84K (Cr) | |
| ₹2790.00 | ₹2882.10 | ₹2750.00 | ₹2833.10 | 31.52K (Cr) | |
| ₹2824.50 | ₹2848.00 | ₹2725.80 | ₹2782.10 | 59.23K (Cr) | |
| ₹2829.10 | ₹2900.30 | ₹2809.90 | ₹2824.50 | 40.28K (Cr) | |
| ₹2890.00 | ₹2890.00 | ₹2800.10 | ₹2834.40 | 93.15K (Cr) |
Ethos Limited — Last 12 Months Price History
| Month | Open | High | Low | Close | Change |
|---|---|---|---|---|---|
| ₹2556.00 | ₹3090.40 | ₹2555.90 | ₹2894.70 | +13.25% | |
| ₹2475.00 | ₹2719.70 | ₹2427.00 | ₹2575.40 | +4.06% | |
| ₹2417.20 | ₹2535.00 | ₹2288.00 | ₹2448.80 | +1.31% | |
| ₹2401.80 | ₹2515.00 | ₹2220.00 | ₹2381.50 | -0.85% | |
| ₹2250.00 | ₹2846.00 | ₹2145.10 | ₹2401.80 | +6.75% | |
| ₹2390.00 | ₹2439.00 | ₹1919.40 | ₹2183.30 | -8.65% | |
| ₹2480.00 | ₹2735.00 | ₹2390.10 | ₹2432.70 | -1.91% | |
| ₹2980.00 | ₹3072.30 | ₹2391.50 | ₹2552.40 | -14.35% | |
| ₹3076.50 | ₹3217.70 | ₹2789.30 | ₹2976.90 | -3.24% | |
| ₹2929.00 | ₹3245.90 | ₹2742.50 | ₹3052.10 | +4.20% | |
| ₹2525.00 | ₹2984.60 | ₹2498.50 | ₹2902.40 | +14.95% | |
| ₹2264.00 | ₹2630.10 | ₹2229.90 | ₹2534.40 | +11.94% |
AI Research Briefing
Powered by Gemini · 2026-04-13
Overvalued luxury watch retailer with negative FCF and stretched expansion plans.
WHAT'S HAPPENING NOW (last 2-4 weeks)
Ethos has been actively expanding its boutique network, opening new locations in Mumbai and Jodhpur on April 6, 2026. A prior opening occurred in Srinagar in late March. Mukul Khanna resigned as a director but remains as COO. Shareholders approved the re-appointment of Yashovardhan Saboo as Chairman. Ethos is scheduled to release Q1 2026 earnings on May 6, 2026.
CORE STORY (THE REAL GAME)
Ethos is a play on the increasing demand for luxury watches in India, driven by rising disposable incomes and aspirational spending. It's about capturing market share through boutique expansion and establishing a premium brand presence.
- Aggressive boutique expansion
- Luxury market tailwinds
- Increase in DII holdings
- Strong Q1 2026 earnings beat on May 6
- Significant order wins
- Positive free cash flow
- High P/E ratio of 83.91x
- Negative free cash flow of ₹-105.01 Cr
- Resignation of key personnel
DII increased holdings by 1.47%, while institutional holders voted against Chairman re-appointment. Mixed signals.
Budget 2026 supports gems and jewelry sector, but global demand volatility remains a risk.
Ethos opened new boutiques in Mumbai and Jodhpur on April 6, 2026.
No. Free Cash Flow 5Y: ₹-105.01 Cr.
In the next 3-6 months, watch for Q1 earnings and management commentary on expansion plans. A positive shift in FCF is crucial.
Primary Thesis Risk
Overvaluation combined with negative free cash flow makes this a risky bet.
For educational purposes only. Not investment advice. Consult a SEBI-registered advisor before investing.
Returns & Performance
Return on Equity (ROE)
Profit generated per ₹1 of shareholder equity
Return on Capital (ROCE)
Returns generated on total capital deployed
Oper. Profit Margin (5Y Avg)
Average operating profit margin over 5 years
Dividend Yield
Annual dividend as % of current share price
Ethos Limited Valuation Check
Price to Earnings (P/E)
Share price ÷ earnings per share. Lower = cheaper
Industry Avg P/E
Average P/E of all peers in this sector
Market Capitalisation
Total market value of all outstanding shares
Growth Engine
Profit Growth (Quarterly YoY)
Net profit growth vs same quarter last year
Revenue Growth (Quarterly YoY)
Revenue growth vs same quarter last year
Revenue Growth (5-Year CAGR)
Compounded annual revenue growth over 5 years
EPS Growth (5-Year CAGR)
Earnings per share growth over 5 years
Net Profit Growth (5-Year CAGR)
Compounded annual net profit growth over 5 years
Balance Sheet Health
Debt to Equity Ratio
Total debt ÷ equity. Below 0.5 = financially healthy
Interest Coverage Ratio
EBIT ÷ interest expense. Above 2.5 = can pay interest comfortably
Free Cash Flow (5-Year Total)
Cash left after capex over 5 years. Positive = self-funded growth
Labels (e.g., "Excellent", "Good") are peer-based vs industry/sector averages — data-only, not advice
Ethos Limited Fundamental Analysis & Valuation Benchmarking
Educational evaluation of ETHOSLTD across key market metrics for learning purposes.
Positive Indicators
8 factors identified
Strong Operating Margins (15.16%)
Observation: Healthy 5-year operating margins indicate pricing power and cost control.
Analysis: OPM >15% suggests operational efficiency and competitive advantages.
Strong Revenue Growth (33.32%)
Observation: Healthy sales growth indicates market demand and execution capability.
Analysis: Revenue growth >15% suggests strong market position and growth potential.
Conservative Debt Levels (D/E: 0.00)
Observation: Low leverage provides financial flexibility and reduced risk.
Analysis: Conservative debt structure offers resilience during economic downturns.
Strong Interest Coverage (5.97x)
Observation: Earnings comfortably cover interest obligations.
Analysis: Interest coverage >5x indicates low financial distress risk.
Healthy Liquidity Position (Current Ratio: 5.62)
Observation: Strong short-term liquidity to meet obligations.
Analysis: Current ratio >1.5 indicates good working capital management.
Balanced Promoter Holding (50.59%)
Observation: Optimal balance between promoter control and public float.
Analysis: Promoter holding in 50-75% range provides management alignment.
Strong Institutional Confidence (FII+DII: 35.24%)
Observation: Significant professional investor participation.
Analysis: High institutional holding often signals thorough due diligence.
Zero Share Pledging Risk
Observation: No promoter shares pledged as collateral.
Analysis: Absence of share pledging eliminates potential forced-selling pressure.
Risk Factors
4 factors identified
Below-Average Return on Equity (7.67%)
Observation: Returns on equity are below industry benchmarks.
Analysis: ROE <10% may indicate inefficient capital utilization. Consider monitoring for operational improvements and management effectiveness.
Premium Valuation Risk (P/E: 88.39x)
Observation: High valuation multiples may limit upside potential.
Analysis: Elevated P/E ratios require strong growth execution to justify current valuations.
Negative Free Cash Flow (₹-155.79 Cr over 5Y)
Observation: Cash outflows exceed inflows.
Analysis: Negative FCF requires analysis of capital expenditure cycle.
No Dividend Distribution
Observation: Company does not currently pay dividends to shareholders.
Analysis: Zero dividend yield may indicate growth reinvestment focus or cash flow constraints.
Ethos Limited vs Gems, Jewellery And Watches Peers
Peer Comparison - Gems, Jewellery And Watches
Compare Ethos Limited with 10 other companies in the same sector
| Company Info | Fundamental | Valuation | Profitability | Financial Health | Growth | Dividend | ||||
|---|---|---|---|---|---|---|---|---|---|---|
Company Company name | Score Bull Run comprehensive fundamental score based on 20+ metrics | Price Current trading price of the stock | Market Cap Total value of all shares in the market | P/E Price per share divided by earnings per share | ROE Net income divided by shareholder equity | ROCE Earnings before interest and tax divided by capital employed | Debt/Eq Total debt divided by total equity | Profit 5Y Average annual profit growth over 5 years | Sales 5Y Average annual sales growth over 5 years | Dividend Annual dividend per share divided by price per share |
Ethos LimitedEthos Limited...Selected✓ ETHOSLTD • 543532 | 52.8/100 | ₹2894.70₹2895 | ₹7120.33₹7120.33 | 88.39Average 88.4 Average | 7.67%Poor 7.67% Poor | 10.29%Average 10.29% Average | 0.00Excellent 0.0 Excellent | — — | — — | 0.00% |
Titan Company LimitedTitan Company L... TITAN • 500114 | 63.8/100 | ₹5048.60₹5049 | ₹406695.07₹406695.07 | 70.61Average 70.6 Average | 37.13%Excellent 37.13% Excellent | 44.80%Excellent 44.80% Excellent | 0.72Good 0.7 Good | 39.13%Excellent 39.13% Excellent | 32.26%Excellent 32.26% Excellent | 0.33% |
Kalyan Jewellers India LimitedKalyan Jeweller... KALYANKJIL • 543278 | 58.1/100 | ₹601.60₹602 | ₹56599.15₹56599.15 | 39.44Average 39.4 Average | 24.30%Excellent 24.30% Excellent | 30.90%Excellent 30.90% Excellent | 0.08Excellent 0.1 Excellent | — — | 33.05%Excellent 33.05% Excellent | 0.27% |
Thangamayil Jewellery LimitedThangamayil Jew... THANGAMAYL • 533158 | 67.5/100 | ₹5481.50₹5482 | ₹20626.37₹20626.37 | 52.75Average 52.7 Average | 27.93%Excellent 27.93% Excellent | 38.93%Excellent 38.93% Excellent | 0.58Good 0.6 Good | 32.35%Excellent 32.35% Excellent | 36.12%Excellent 36.12% Excellent | 0.27% |
PC Jeweller LimitedPC Jeweller Lim... PCJEWELLER • 534809 | 50.1/100 | ₹9.62₹10 | ₹10253.64₹10253.64 | 13.24Average 13.2 Average | 9.95%Poor 9.95% Poor | 11.66%Average 11.66% Average | 0.13Excellent 0.1 Excellent | 63.05%Excellent 63.05% Excellent | 3.48%Average 3.48% Average | 0.00% |
SKY GOLD AND DIAMONDS LIMITEDSKY GOLD AND DI... SKYGOLD • 541967 | 41.4/100 | ₹795.05₹795 | ₹9761.86₹9761.86 | 36.42Average 36.4 Average | 29.25%Excellent 29.25% Excellent | 45.93%Excellent 45.93% Excellent | 0.73Good 0.7 Good | — — | — — | 0.00% |
BlueStone Jewellery and Lifestyle LimitedBlueStone Jewel... BLUESTONE • 544484 | 0/100 | ₹820.40₹820 | ₹9581.21₹9581.21 | 170.13Average 170.1 Average | — — | — — | 0.41Excellent 0.4 Excellent | — — | — — | 0.00% |
P N Gadgil Jewellers LimitedP N Gadgil Jewe... PNGJL • 544256 | 68.4/100 | ₹607.85₹608 | ₹8073.95₹8073.95 | 41.31Average 41.3 Average | 23.28%Excellent 23.28% Excellent | 34.13%Excellent 34.13% Excellent | 0.80Good 0.8 Good | — — | — — | 0.00% |
Senco Gold LimitedSenco Gold Limi... SENCO • 543936 | 70/100 | ₹336.75₹337 | ₹6107.99₹6107.99 | 10.70Average 10.7 Average | 25.62%Excellent 25.62% Excellent | 37.96%Excellent 37.96% Excellent | 0.62Good 0.6 Good | — — | — — | 0.27% |
Timex Group India LimitedTimex Group Ind... TIMEX • 500414 | 67.4/100 | ₹549.20₹549 | ₹5615.42₹5615.42 | — — | — — | — — | — — | — — | — — | 0.00% |
Goldiam International LimitedGoldiam Interna... GOLDIAM • 526729 | 69.2/100 | ₹361.75₹362 | ₹5374.19₹5374.19 | — — | 0.00%Poor 0.00% Poor | 24.40%Excellent 24.40% Excellent | 0.03Excellent 0.0 Excellent | — — | 19.20%Excellent 19.20% Excellent | 0.63% |
Top Gems, Jewellery And Watches Stocks
View all →By Bull Run Score
By Return on Equity
By Market Cap
- Titan Company Limited share price406695.07 Cr
- Kalyan Jewellers India Limited share price56599.15 Cr
- Thangamayil Jewellery Limited share price20626.37 Cr
- PC Jeweller Limited share price10253.64 Cr
- SKY GOLD AND DIAMONDS LIMITED share price9761.86 Cr
Ethos Limited PE Ratio History
Historical price-to-earnings ratio for ETHOSLTD — last 5 years
| Year | EPS (₹) | Price (₹) | P/E Ratio |
|---|---|---|---|
| FY 2025 | ₹37.99 | ₹2976.90 | 78.4x |
| FY 2024 | ₹33.79 | ₹2937.75 | 86.9x |
| FY 2023 | ₹25.66 | ₹2088.75 | 81.4x |
| FY 2022 | ₹9.68 | ₹1018.25 | 105.2x |
P/E = year-end price ÷ diluted EPS from annual filings. Source: NSE/BSE via Bull Run.
Ethos Limited Quarterly Performance
Latest quarterly metrics for ETHOSLTD — revenue growth and profit growth vs same quarter last year
Revenue Growth (YoY)
33.32%
Latest quarter vs same quarter previous year
Net Profit Growth (YoY)
N/A
Latest quarter net profit vs same quarter previous year
5-Year Revenue CAGR
N/A
Compounded annual revenue growth over 5 years
5-Year Profit CAGR
N/A
Compounded annual net profit growth over 5 years
Ethos Limited Technical Indicators
SMA 50, SMA 200, RSI and volume signals for ETHOSLTD — calculated from daily price history
Momentum is balanced — neither overbought nor oversold.
Technical indicators are for educational purposes only. Not investment advice.
Ethos Limited Financial Statements
Annual income statement, balance sheet and cash flow for Ethos Limited (ETHOSLTD) — sourced from NSE/BSE filings.
Financial Results & Statements
Latest quarterly, annual and period-wise financial data for Ethos Limited
About ETHOSLTD (Ethos Limited)
Ethos Ltd is the definitive curator of horological artistry in India, a sanctuary where time transcends mere measurement and becomes a statement of unparalleled sophistication. Wit...hin the plush confines of their boutiques, discerning clientele discover a meticulously selected anthology of luxury timepieces, each one a testament to centuries of craftsmanship, innovation, and enduring elegance. From the iconic maisons of Switzerland to the avant-garde ateliers of independent watchmakers, Ethos Ltd presents a panorama of horological excellence, catering to the most refined tastes. Their passionate watch specialists guide patrons through a world of intricate movements, precious materials, and timeless designs, ensuring a journey of discovery that resonates with individual style and appreciation. Beyond the allure of new acquisitions, Ethos Ltd also recognises the value of horological heritage. Their carefully curated collection of pre-owned luxury watches offers an opportunity to own a piece of history, a vintage marvel imbued with character and provenance. Alongside the timepieces themselves, Ethos Ltd provides a comprehensive range of accessories and accoutrements, catering to every facet of the horological lifestyle. From finely crafted jewellery boxes and luxurious watch winders to elegant straps and refined travel cases, each item is designed to complement and enhance the ownership experience, reflecting the brand's commitment to uncompromising quality and attention to detail. Ethos Ltd further elevates the experience with a dedicated service division, staffed by highly skilled technicians adept at maintaining and restoring these intricate machines. From routine battery replacements to complex movement overhauls, their experts employ time-honored techniques and state-of-the-art equipment to ensure the longevity and precision of every timepiece. Through their seamless integration of online and offline channels, Ethos Ltd strives to deliver an unparalleled customer experience, fostering a community of watch enthusiasts and solidifying their position as the premier destination for luxury timepieces in India.
Company Details
Key Leadership
ETHOSLTD Share Price: Frequently Asked Questions
What is the current share price of Ethos Limited?
Ethos Limited (ETHOSLTD) trades at ₹2894.70 on NSE and BSE. Market cap ₹7.12K (Cr). Educational data only.
What is the P/E ratio of Ethos Limited?
Ethos Limited has a P/E of 88.39x vs industry average 18.82x.
What is the Bull Run score for Ethos Limited?
Ethos Limited has a Bull Run score of 52.8/100 based on 25+ financial parameters.
Does Ethos Limited pay dividends?
Ethos Limited has a dividend yield of 0.00%. Past dividends don't guarantee future payments.
What is the ROE of Ethos Limited?
Ethos Limited has ROE of 7.67%. Higher ROE indicates better use of shareholder equity.
What is the debt-to-equity ratio of Ethos Limited?
Ethos Limited has debt-to-equity of 0.00.
Is Ethos Limited a good investment?
Bull Run gives Ethos Limited a score of 52.8/100. This is not investment advice — consult a SEBI-registered advisor.