ETHOS LIMITED (ETHOSLTD) financials

ETHOS LIMITED (ETHOSLTD) NSE/BSE financials on Fincrux: quarterly results, profit and loss, cash flow, balance sheet, ratios, and shareholding.

Ethos Limited (“Ethos”) was incorporated on November 5, 2007 and promoted by KDDL Limited. Ethos is India’s largest luxury and premium watch retail player

Market Cap: ₹6,703Cr.
Current Price: ₹2,505
Stock P/E: 64.6
ROE: 7.83%
ROCE: 11.0%
Book Value: ₹554
Dividend Yield: 0.00%
52W High / Low: ₹3,246/1,919

In Jun 2026, ETHOS LIMITED (ETHOSLTD) reported sales ₹451 Cr and net profit ₹28 Cr.

Annual TTM: sales ₹1,717 Cr, net profit ₹103 Cr.

Shareholding: Promoters 50.58% (Sep 2026), FIIs 8.85% (Sep 2026), DIIs 25.80% (Sep 2026), Public 14.77% (Sep 2026), No. of Shareholders 45,968% (Sep 2026).

ETHOSLTD quarterly results (₹ Cr.)
Category	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales	297	370	311	346	392	471	403	451
Expenses	255	315	262	300	345	410	356	391
Operating Profit	42	55	49	46	48	61	47	59
OPM %	14%	15%	16%	13%	12%	13%	12%	13%
Other Income	6	7	5	6	11	11	11	11
Interest	5	5	5	6	7	7	7	8
Depreciation	15	17	17	19	21	24	23	25
Profit before tax	29	40	32	27	31	41	28	38
Tax %	25%	26%	24%	26%	25%	26%	25%	26%
Net Profit	21	30	24	20	23	31	21	28
EPS in Rs	7.96	11.10	9.03	7.59	8.67	11.45	7.77	10.46
Raw PDF	—	—	—	—	—	—	—	—

ETHOSLTD profit and loss (₹ Cr.)
Category	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	456	387	577	789	998	1,252	1,613	1,717
Expenses	402	345	507	669	841	1,054	1,399	1,502
Operating Profit	53	42	71	119	156	198	213	215
OPM %	12%	11%	12%	15%	16%	16%	13%	13%
Other Income	6	17	13	15	22	24	38	44
Interest	24	20	21	20	22	27	38	29
Depreciation	35	32	31	35	48	63	87	92
Profit before tax	1	6	31	80	109	132	127	138
Tax %	98%	26%	25%	25%	25%	25%	26%	—
Net Profit	0	5	23	60	81	98	95	103
EPS in Rs	0.02	2.33	11.18	23.45	30.33	36.66	35.47	38.35
Dividend Payout %	0%	0%	0%	0%	0%	0%	0%	—

ETHOSLTD balance sheet (₹ Cr.)
Category	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	17	18	18	19	23	24	24	27
Reserves	115	134	139	213	608	857	956	1,455
Borrowings	77	175	140	161	121	145	278	310
Other Liabilities	91	100	98	114	128	144	138	205
Total Liabilities	300	427	396	507	880	1,170	1,396	1,996
Fixed Assets	22	128	112	129	197	229	390	467
CWIP	5	1	4	0	4	9	30	11
Investments	0	4	4	6	7	30	46	47
Other Assets	273	294	275	373	672	903	930	1,471
Total Assets	300	427	396	507	880	1,170	1,396	1,996

ETHOSLTD cash flows (₹ Cr.)
Category	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from Operating Activity	—	35	62	17	-5	31	-21	102
Cash from Investing Activity	—	-13	-10	-23	-254	-123	45	-372
Cash from Financing Activity	—	-20	-45	27	249	124	-58	329
Net Cash Flow	—	2	7	20	-10	32	-35	59
Free Cash Flow	—	21	53	-6	-61	1	-92	44
CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit	—	75%	155%	37%	13%	37%	7%	67%

ETHOSLTD shareholding pattern (%)
Category	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Promoters	50.79%	50.58%	50.58%	50.58%	50.58%	50.58%	50.58%	50.58%
FIIs	12.61%	12.56%	13.13%	13.29%	12.59%	10.89%	11.33%	8.85%
DIIs	16.58%	17.85%	18.18%	19.95%	21.25%	23.59%	23.91%	25.80%
Public	20.02%	19.01%	18.10%	16.16%	15.57%	14.93%	14.18%	14.77%
No. of Shareholders	39,756	42,900	41,464	40,447	40,326	38,627	36,940	45,968

ETHOSLTD key ratios
Category	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	6	8	12	3	3	6	5	4
Inventory Days	214	242	256	222	228	230	247	215
Days Payable	73	83	97	77	66	51	37	44
Cash Conversion Cycle	148	167	171	148	165	184	215	175
Working Capital Days	76	70	81	82	120	126	144	125
ROCE %	14%	9%	8%	15%	17%	15%	14%	11%

ETHOSLTDUpdated 22 Oct 2026, 5:24

Ethos Limited

ETHOSLTDUpdated 22 Oct 2026, 5:24

Market Cap

₹6,703Cr.

Current Price

₹2,505

High / Low

₹3,246/1,919

Stock P/E

64.6

ROE7.83%

ROCE11.0%

Book Value₹554

Face Value₹10.0

Dividend Yield0.00%

About

Ethos Limited (“Ethos”) was incorporated on November 5, 2007 and promoted by KDDL Limited. Ethos is India’s largest luxury and premium watch retail player

Quarterly results

Last reported quarters₹ Cr.

Quarter	Sales	Interest	Expenses	Other Income	Depreciation	Profit Before Tax	Tax	Net Profit	EPS (₹)
Jun 2023	230	4	196	5	11	24	25	18	7.05
Sep 2023	234	4	197	4	12	25	25	18	7.23
Dec 2023	281	4	237	7	12	34	25	26	9.64
Mar 2024	253	4	217	6	13	25	25	19	7.1
Jun 2024	273	5	230	6	14	31	26	23	8.57
Sep 2024	297	5	255	6	15	29	25	21	7.96
Dec 2024	370	5	315	7	17	40	26	30	11.1
Mar 2025	311	5	262	5	17	32	24	24	9.03
Jun 2025	346	6	300	6	19	27	26	20	7.59
Sep 2025	392	7	345	11	21	31	25	23	8.67
Dec 2025	471	7	410	11	24	41	26	31	11.45
Mar 2026	403	7	356	11	23	28	25	21	7.77
Jun 2026	451	8	391	11	25	38	26	28	10.46

Profit & loss

Annual statement₹ Cr.

Year	Sales	Interest	Expenses	Other Income	Depreciation	Profit Before Tax	Tax	Net Profit	EPS (₹)
Mar 2017	325	11	320	1	4	-8	-28	-6	-4.23
Mar 2018	356	7	342	2	4	5	23	4	2.3
Mar 2019	442	8	413	2	5	18	39	11	6.05
Mar 2020	456	24	402	6	35	1	98	0	0.02
Mar 2021	387	20	345	17	32	6	26	5	2.33
Mar 2022	577	21	507	13	31	31	25	23	11.18
Mar 2023	789	20	669	15	35	80	25	60	23.45
Mar 2024	998	22	841	22	48	109	25	81	30.33
Mar 2025	1252	27	1054	24	63	132	25	98	36.66
Mar 2026	1613	38	1399	38	87	127	26	95	35.47
TTM	1717	29	1502	44	92	138	—	103	38.35

Shareholding pattern

As of Sep 2026%

Holder	Share
Promoters	50.58%
FIIs	8.85%
DIIs	25.8%
Public	14.77%

Shareholding trend

Ownership over time%

Quarter	Promoters	FIIs	DIIs	Public
Dec 2023	57.88%	10.41%	12.17%	19.54%
Mar 2024	55.72%	11.28%	13.08%	19.92%
Jun 2024	54.7%	11.2%	14.04%	20.04%
Sep 2024	51.2%	12.28%	15.64%	20.88%
Dec 2024	50.79%	12.61%	16.58%	20.02%
Mar 2025	50.58%	12.56%	17.85%	19.01%
Jun 2025	50.58%	13.13%	18.18%	18.1%
Sep 2025	50.58%	13.29%	19.95%	16.16%
Dec 2025	50.58%	12.59%	21.25%	15.57%
Mar 2026	50.58%	10.89%	23.59%	14.93%
Jun 2026	50.58%	11.33%	23.91%	14.18%
Sep 2026	50.58%	8.85%	25.8%	14.77%

Balance sheet

Assets & liabilities₹ Cr.

Period	Equity Capital	Reserves	Borrowings	Other Liabilities	Total Liabilities	Fixed Assets	CWIP	Investments	Other Assets	Total Assets
Mar 2017	13	32	88	82	215	10	0	0	205	215
Mar 2018	16	76	63	95	250	17	0	0	232	250
Mar 2019	17	115	77	91	300	22	5	0	273	300
Mar 2020	18	134	175	100	427	128	1	4	294	427
Mar 2021	18	139	140	98	396	112	4	4	275	396
Mar 2022	19	213	161	114	507	129	0	6	373	507
Mar 2023	23	608	121	128	880	197	4	7	672	880
Mar 2024	24	857	145	144	1170	229	9	30	903	1170
Mar 2025	24	956	278	138	1396	390	30	46	930	1396
Mar 2026	27	1455	310	205	1996	467	11	47	1471	1996

Cash flows

Operating, investing & financing₹ Cr.

Period	Operating	Investing	Financing	Net cash flow
Mar 2017	4	-2	2	4
Mar 2018	-1	-12	11	-2
Mar 2019	—	—	—	—
Mar 2020	35	-13	-20	2
Mar 2021	62	-10	-45	7
Mar 2022	17	-23	27	20
Mar 2023	-5	-254	249	-10
Mar 2024	31	-123	124	32
Mar 2025	-21	45	-58	-35
Mar 2026	102	-372	329	59

Key ratios

Historical financial ratios

Category	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	2	7	6	8	12	3	3	6	5	4
Inventory Days	244	230	214	242	256	222	228	230	247	215
Days Payable	93	104	73	83	97	77	66	51	37	44
Cash Conversion Cycle	152	133	148	167	171	148	165	184	215	175
Working Capital Days	107	112	76	70	81	82	120	126	144	125
ROCE %	—	8%	14%	9%	8%	15%	17%	15%	14%	11%

Frequently asked questions

Quick answers about this company's financials on Fincrux

What is the market cap of ETHOS LIMITED (ETHOSLTD)?

The reported market capitalisation for ETHOS LIMITED (ETHOSLTD) is ₹6,703Cr. on Fincrux. Figures may update with market data and filings.

What is the current share price of ETHOSLTD?

The current price shown for ETHOS LIMITED (ETHOSLTD) on Fincrux is ₹2,505 with a 52-week high/low of ₹3,246/1,919.

What is the P/E ratio of ETHOS LIMITED (ETHOSLTD)?

The stock P/E for ETHOS LIMITED (ETHOSLTD) is 64.6 on Fincrux, with ROE at 7.83% and ROCE at 11.0%.

What were ETHOSLTD latest quarterly results?

For Jun 2026, ETHOS LIMITED (ETHOSLTD) reported sales ₹451 Cr and net profit ₹28 Cr (figures in ₹ crore unless noted).

What are ETHOSLTD annual sales and net profit?

For TTM, ETHOS LIMITED (ETHOSLTD) shows sales of ₹1,717 Cr and net profit of ₹103 Cr on the Fincrux profit & loss statement.

Who owns ETHOS LIMITED (ETHOSLTD)?

Latest shareholding for ETHOS LIMITED (ETHOSLTD) on Fincrux: Promoters 50.58% (Sep 2026), FIIs 8.85% (Sep 2026), DIIs 25.80% (Sep 2026), Public 14.77% (Sep 2026), No. of Shareholders 45,968% (Sep 2026).

Where can I find ETHOS LIMITED (ETHOSLTD) financials?

ETHOS LIMITED (ETHOSLTD) financials on Fincrux include quarterly results, profit and loss, cash flow, balance sheet, key ratios, and shareholding patterns for NSE/BSE research.

Does Fincrux show ETHOSLTD balance sheet and cash flow?

Yes. The ETHOS LIMITED (ETHOSLTD) page on Fincrux includes balance sheet, cash flow statements, historical ratios, and ownership trends alongside quarterly and annual results.

Figures in ₹ crore unless noted. Data sourced for research and may lag filings.

Last updated 22 October 2026 at 5:24