Flash Finance

Ethos LimitedETHOSLTDCorporate

Gems, Jewellery And Watches Latest results: Jun 2026 14 quarters of data
Consolidated Standalone
₹2,611.40
MCap ₹6,988 Cr · P/E 65.7
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AI-assisted data: figures and text on this page are extracted from public quarterly filings with AI assistance, checked automatically and overseen by our editorial team (human in the loop). They may still contain errors or omissions. Verify critical numbers against official company / SEBI / NSE / BSE filings before making any decision. Educational information only, not financial advice.
₹462 Cr
Sales · Jun 2026
+33.4% YoY
₹62 Cr
Operating Profit · Jun 2026
+36.7% YoY
13.3%
OPM % · Jun 2026
+2.3% YoY
₹29 Cr
Net Profit · Jun 2026
+50.9% YoY
₹10.51
EPS · Jun 2026
+47.8% YoY

📝 Ethos Limited — results explained

Quarter ended June 2026 (Q1 FY27)

Ethos Limited reported revenue of ₹462 crore for the quarter ended June 2026 (Q1 FY27), up 33.4% from ₹346 crore in the same quarter last year, and up 11.5% sequentially over the March 2026 quarter.

Net profit rose 50.9% year-on-year to ₹29 crore, from ₹19 crore. Earnings per share (EPS) came in at ₹10.51.

Operating profit stood at ₹62 crore — an operating margin (OPM) of 13.3%, compared with 13.0% in the year-ago quarter.

Full year and trailing twelve months

For the full year FY26, Ethos Limited posted revenue of ₹1,612 crore, a growth of 28.8% over FY25, with a net profit of ₹97 crore (up 0.8% year-on-year).

On a trailing-twelve-month (TTM) basis, revenue stands at ₹1,728 crore with a net profit of ₹106 crore.

Valuation snapshot

At the current price of ₹2,611.40, ETHOSLTD has a market capitalisation of ₹6,988 crore and a trailing P/E of about 65.7.

Within the Gems, Jewellery And Watches industry, it is the 3rd-largest of the 64 companies we track by market value.

Shareholding pattern

As of Sep 2026, promoters held 50.59%, foreign institutional investors (FIIs) 8.85%, domestic institutional investors (DIIs) 25.80%, public shareholders 14.76% of Ethos Limited.

📈 Share price & events

📊 Quarterly trend

₹ crore · OPM % on right axis

🎯 Key metrics

price-linked ratios use the latest close
Valuation
Market Cap ?
₹6,988 Cr
Current Price ?
₹2,611.4
P/E ?
65.66above ind
Industry P/E ?
22.00
P/B ?
4.70
P/S ?
4.04
P/FCF ?
367.76
Enterprise Value ?
₹7,310 Cr
EV/EBITDA ?
32.95
PEG ?
3.86
Earnings Yield ?
1.7%
Dividend Yield ?
0.00%
Profitability & Returns
Sales (TTM) ?
₹1,728 Cr
OPM ?
12.8%
Profit after tax (TTM) ?
₹106 Cr
EPS (TTM) ?
₹39.77
ROCE ?
10.0%
ROE ?
7.2%
ROA ?
4.8%
Growth
Sales — latest qtr ?
₹462 Cr
PAT — latest qtr ?
₹29 Cr
YoY qtr sales growth ?
33.4%
YoY qtr profit growth ?
50.9%
Sales growth (3y) ?
27%
Sales growth (5y) ?
33%
Profit growth (3y) ?
17%
Profit growth (5y) ?
83%
Financial Health
Debt ?
₹322 Cr
Debt to Equity ?
0.22
Interest Coverage ?
4.1
Current Ratio ?
N/A
Ownership
Promoter holding ?
50.59%
Change in promoter holding ?
0.01%
Pledged percentage ?
N/A
Market
Return 3 months ?
-1.9%
Return 6 months ?
8.9%

🗓️ Quarterly results (14 quarters · ₹ Cr)

same fiscal quarter as Jun bestweakest per row · for costs (interest, NPAs) low is best
Metric Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026 YoY % QoQ %
Sales 208230235281253273297370311346383469414462 +33.4% +11.5%
Operating Profit 2634374436434257464548615162 +36.7% +19.8%
Other Income 554796666612141212 +95.1% +0.8%
Interest 34444555567878 +33.6% +8.6%
Depreciation 911131213141517171921252526 +37.3% +5.8%
Profit Before Tax 1824253428312941302632423139 +50.5% +26.6%
Net Profit 1318192621232129231924312329 +50.9% +25.9%
EPS 5.217.707.2910.988.839.387.9311.008.497.118.8911.378.2010.51 +47.8% +28.2%
OPM % 12.5% 14.7% 15.7% 15.7% 14.2% 15.8% 14.1% 15.4% 14.8% 13.0% 12.5% 13.0% 12.4% 13.3% +2.3% +7.3%

📆 Annual results (₹ Cr, FY = Apr–Mar)

Metric FY25 FY26 TTM YoY %
Sales ₹1,251 Cr ₹1,612 Cr ₹1,728 Cr +28.8%
Operating Profit ₹188 Cr ₹205 Cr ₹222 Cr +9.1%
OPM % 15.05% 12.74% 12.84% -15.3%
NPM % 7.67% 6.00% 6.16% -21.8%
Other Income ₹24 Cr ₹44 Cr ₹49 Cr +79.1%
Depreciation ₹63 Cr ₹90 Cr ₹97 Cr +41.7%
Interest ₹20 Cr ₹28 Cr ₹30 Cr +45.4%
EBIT ₹125 Cr ₹116 Cr ₹125 Cr -7.4%
PBT ₹131 Cr ₹131 Cr ₹144 Cr +0.1%
Tax ₹8 Cr ₹8 Cr ₹19 Cr +3.7%
Net Profit ₹96 Cr ₹97 Cr ₹106 Cr +0.8%
EPS ₹36.80 ₹35.57 ₹38.97 -3.3%
Material Cost ₹226 Cr ₹294 Cr ₹672 Cr +30.2%
Employee Cost ₹19 Cr ₹32 Cr ₹69 Cr +70.0%
Extraordinary Items — — — —

🏛️ Balance Sheet (latest 4 periods)

Metric Mar 2023Mar 2024Mar 2025Mar 2026 % Chg
Equity Capital 23242427 +12.5%
Reserves 6088599581,461 +52.5%
Borrowings 121145289322 +11.4%
Other Liabilities 127142139387 +178.4%
Total Liabilities 8801,1711,4102,197 +55.8%
Fixed Assets 197230401494 +23.2%
CWIP 493111 -64.5%
Investments 2253638 +5.6%
Other Assets 6779079421,654 +75.6%
Total Assets 8801,1711,4102,197 +55.8%

💧 Cash Flow (latest 4 periods)

Metric Mar 2023Mar 2024Mar 2025Mar 2026 % Chg
Cash from Operating Activity -231-2090 +550.0%
Cash from Investing Activity -256-12347-476 -1112.8%
Cash from Financing Activity 249125-58502 +965.5%
Net Cash Flow -1033-32116 +462.5%
Free Cash Flow -58-1-9419 +120.2%
CFO/OP 15%37%7%65% +828.6%

➗ Ratios (latest 4 periods)

Metric Mar 2023Mar 2024Mar 2025Mar 2026 % Chg
Debtor Days 3654 -20.0%
Inventory Days 228230247222 -10.1%
Days Payable 65503745 +21.6%
Cash Conversion Cycle 166185215180 -16.3%
Working Capital Days 121127143127 -11.2%
ROCE % 18%15%14%10% -28.6%

👥 Shareholding (latest 5 periods)

Metric Jun 2025Sep 2025Dec 2025Mar 2026Sep 2026 % Chg
Promoters 50.58%50.58%50.58%50.58%50.59% +0.0%
FIIs 13.13%13.29%12.59%10.89%8.85% -18.7%
DIIs 18.18%19.95%21.25%23.59%25.80% +9.4%
Public 18.10%16.16%15.57%14.93%14.76% -1.1%
No. of Shareholders 41,46440,44740,32638,62745,968 +19.0%

⚖️ Peer comparison

Industry: Gems, Jewellery And Watches · top 25 of 64 companies · full page →
# Company CMP MCap (Cr) P/E Sales TTM NP TTM OPM% NPM% Sales YoY% NP YoY% Qtr Rev Δ% Qtr NP Δ%
1 BLUESTONE BlueStone Jewellery ₹856.00 13,078 224.1 2,681 54 16.4% 2.0% — — 49.6% 117.2%
2 500414 Timex Group ₹706.25 7,130 83.5 849 85 15.1% 10.0% 48.5% 141.9% 29.5% 66.8%
3 ETHOSLTD Ethos ₹2,612.50 6,990 67.0 1,728 106 12.8% 6.2% 28.8% 0.8% 33.4% 50.9%
4 KDDL KDDL ₹3,860.60 4,748 47.8 2,323 151 14.4% 6.5% 30.7% -4.7% 36.3% 49.2%
5 SHANTIGOLD Shanti Gold ₹387.45 2,795 15.0 2,442 186 10.6% 7.6% 82.5% 257.8% 144.5% 101.9%
6 SHRINGARMS Shringar House ₹256.53 2,474 20.3 2,462 121 6.8% 4.9% — — 64.7% 17.2%
7 543953 Khazanchi Jewellers ₹455.10 1,842 11.1 2,232 103 6.4% 4.6% 15.7% 100.0% 45.0% 85.5%
8 531847 Asian Star ₹590.00 919 28.5 2,804 33 2.0% 1.2% -2.5% -2.5% -10.9% -37.6%
9 504398 SJ ₹41.89 828 393.5 16 0 2.8% 2.8% 37.4% 455.0% -80.2% -85.7%
10 521167 Maxgrow India ₹1.22 770 — — -5 — — — 96.3% — 99.0%
11 543709 PNGS Gargi ₹683.30 599 23.0 152 31 25.8% 20.4% 18.3% 8.7% 10.6% -4.9%
12 539518 Uday Jewellery ₹138.00 531 14.1 709 34 6.6% 4.7% 120.5% 138.5% 26.8% 33.4%
13 526827 Spice Islands ₹51.19 342 23.7 34 7 8.3% 19.9% 2224.7% 1079.2% 823.8% 324.2%
14 512595 Manbro Industries ₹923.40 306 n/m 0 1 -83.8% 156.8% -85.0% 1.8% — -97.6%
15 523676 Golkunda Diamonds ₹213.10 227 9.5 297 16 8.6% 5.3% 11.5% 15.9% 22.7% 63.7%
16 GOLDKART Goldkart Jewels ₹126.00 211 79.5 117 4 5.8% 3.3% — — 47.9% 0.0%
17 AUSOMENT Ausom Enterprise ₹154.50 210 8.5 4,398 25 0.6% 0.6% -12.9% -0.4% 491.0% 36.2%
18 542579 Ashapuri Gold ₹7.59 150 12.2 329 21 8.5% 6.3% 0.3% 54.3% 22.4% 64.2%
19 539401 Patdiam Jewellery ₹220.00 140 5.8 172 16 9.1% 9.6% — — 16.4% 49.0%
20 540252 Viram Suvarn ₹8.98 116 13.4 24 8 26.4% 32.2% 4.1% 122.3% -17.7% 2.1%
21 543848 Dev Labtech ₹95.03 107 n/m 59 0 2.8% 0.0% — — -69.5% -140.7%
22 523373 Mini Diamonds ₹86.72 95 n/m 664 4 0.5% 0.5% 40.0% -45.8% 95.5% 50.4%
23 531119 Ceenik Exports ₹909.70 94 — — -4 — — — -15.9% — 135.4%
24 MOKSH Moksh Ornaments ₹9.87 83 16.1 796 11 2.0% 1.3% 17.1% 17.0% 77.6% 28.3%
25 526365 Swarnsarita Jewels ₹29.19 79 4.9 922 12 2.3% 1.3% 14.0% 46.6% 35.5% 76.7%
❓ Frequently asked questions
What was Ethos Limited's revenue in Q1 FY27?
Ethos Limited reported revenue of ₹462 crore for the quarter ended June 2026 (Q1 FY27), up 33.4% from ₹346 crore in the same quarter last year, and up 11.5% sequentially over the March 2026 quarter.
What was Ethos Limited's net profit in Q1 FY27?
Net profit rose 50.9% year-on-year to ₹29 crore, from ₹19 crore. Earnings per share (EPS) came in at ₹10.51.
What is ETHOSLTD's market capitalisation and P/E ratio?
At the current price of ₹2,611.40, ETHOSLTD has a market capitalisation of ₹6,988 crore and a trailing P/E of about 65.7.
Who owns Ethos Limited? (shareholding pattern)
As of Sep 2026, promoters held 50.59%, foreign institutional investors (FIIs) 8.85%, domestic institutional investors (DIIs) 25.80%, public shareholders 14.76% of Ethos Limited.
TTM ends 2026-06-30. Amounts are ₹ crore unless stated otherwise. Figures are extracted by AI from public quarterly filings; gaps are filled from public market data. Live price refreshed about twice a day from exchange data. Educational information only — not financial advice.
⚠️ How this site is made: Market data pages are computed automatically from NSE/BSE publications and company filings; news articles and announcement analyses are written with AI assistance, with a human in the loop: our editors review what the AI produces. Both can contain errors. Verify with the original sources before any investment decision. Not investment advice; Flash Finance is not SEBI-registered. How we use AI