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 68.2
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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.
₹451 Cr
Sales · Jun 2026
+30.2% YoY
₹59 Cr
Operating Profit · Jun 2026
+28.8% YoY
13.1%
OPM % · Jun 2026
-1.5% YoY
₹28 Cr
Net Profit · Jun 2026
+40.0% YoY
₹10.46
EPS · Jun 2026
+37.8% YoY

📝 Ethos Limited — results explained

Quarter ended June 2026 (Q1 FY27)

Ethos Limited reported revenue of ₹451 crore for the quarter ended June 2026 (Q1 FY27), up 30.2% from ₹346 crore in the same quarter last year, and up 11.8% sequentially over the March 2026 quarter.

Net profit rose 40.0% year-on-year to ₹28 crore, from ₹20 crore. Earnings per share (EPS) came in at ₹10.46.

Operating profit stood at ₹59 crore — an operating margin (OPM) of 13.1%, compared with 13.3% 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 ₹94 crore (down 3.4% year-on-year).

On a trailing-twelve-month (TTM) basis, revenue stands at ₹1,716 crore with a net profit of ₹102 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 68.2.

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 ?
68.23above ind
Industry P/E ?
22.00
P/B ?
4.71
P/S ?
4.07
P/FCF ?
158.81
Enterprise Value ?
₹7,298 Cr
EV/EBITDA ?
33.96
PEG ?
4.01
Earnings Yield ?
1.7%
Dividend Yield ?
0.00%
Profitability & Returns
Sales (TTM) ?
₹1,716 Cr
OPM ?
12.5%
Profit after tax (TTM) ?
₹102 Cr
EPS (TTM) ?
₹38.27
ROCE ?
10.0%
ROE ?
6.9%
ROA ?
5.1%
Growth
Sales — latest qtr ?
₹451 Cr
PAT — latest qtr ?
₹28 Cr
YoY qtr sales growth ?
30.2%
YoY qtr profit growth ?
40.0%
Sales growth (3y) ?
27%
Sales growth (5y) ?
33%
Profit growth (3y) ?
17%
Profit growth (5y) ?
84%
Financial Health
Debt ?
₹310 Cr
Debt to Equity ?
0.21
Interest Coverage ?
4.2
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 208230234281253273297370311346392471403451 +30.2% +11.8%
Operating Profit 2534374436434255494648614759 +28.8% +25.8%
Other Income 554766675611131111 +78.7% -3.7%
Interest 34444555567778 +28.7% +9.2%
Depreciation 911121213141517171921242325 +29.6% +5.9%
Profit Before Tax 1724253425312940322731412838 +39.3% +34.8%
Net Profit 1318182619232130242023312128 +40.0% +34.7%
EPS 5.767.707.909.647.949.387.9612.159.037.598.6711.547.7310.46 +37.8% +35.3%
OPM % 12.2% 14.7% 15.7% 15.7% 14.1% 15.8% 14.1% 14.9% 15.8% 13.3% 12.2% 12.9% 11.7% 13.1% -1.5% +12.0%

📆 Annual results (₹ Cr, FY = Apr–Mar)

Metric FY25 FY26 TTM YoY %
Sales ₹1,251 Cr ₹1,612 Cr ₹1,716 Cr +28.8%
Operating Profit ₹189 Cr ₹202 Cr ₹215 Cr +6.5%
OPM % 15.14% 12.51% 12.52% -17.4%
NPM % 7.81% 5.86% 5.97% -25.0%
Other Income ₹24 Cr ₹41 Cr ₹46 Cr +69.7%
Depreciation ₹63 Cr ₹87 Cr ₹92 Cr +37.8%
Interest ₹20 Cr ₹27 Cr ₹29 Cr +38.8%
EBIT ₹126 Cr ₹115 Cr ₹122 Cr -9.1%
PBT ₹132 Cr ₹127 Cr ₹138 Cr -3.7%
Tax ₹18 Cr ₹18 Cr ₹27 Cr -3.5%
Net Profit ₹98 Cr ₹94 Cr ₹102 Cr -3.4%
EPS ₹38.52 ₹35.53 ₹38.40 -7.8%
Material Cost ₹537 Cr ₹655 Cr ₹1,028 Cr +21.8%
Employee Cost ₹43 Cr ₹63 Cr ₹98 Cr +46.8%
Extraordinary Items — ₹-2 Cr ₹-2 Cr —

🏛️ Balance Sheet (latest 4 periods)

Metric Mar 2023Mar 2024Mar 2025Mar 2026 % Chg
Equity Capital 23242427 +12.5%
Reserves 6088579561,455 +52.2%
Borrowings 121145278310 +11.5%
Other Liabilities 128144138205 +48.6%
Total Liabilities 8801,1701,3961,996 +43.0%
Fixed Assets 197229390467 +19.7%
CWIP 493011 -63.3%
Investments 7304647 +2.2%
Other Assets 6729039301,471 +58.2%
Total Assets 8801,1701,3961,996 +43.0%

💧 Cash Flow (latest 4 periods)

Metric Mar 2023Mar 2024Mar 2025Mar 2026 % Chg
Cash from Operating Activity -531-21102 +585.7%
Cash from Investing Activity -254-12345-372 -926.7%
Cash from Financing Activity 249124-58329 +667.2%
Net Cash Flow -1032-3559 +268.6%
Free Cash Flow -611-9244 +147.8%
CFO/OP 13%37%7%70% +900.0%

➗ Ratios (latest 4 periods)

Metric Mar 2023Mar 2024Mar 2025Mar 2026 % Chg
Debtor Days 3654 -20.0%
Inventory Days 228230247215 -13.0%
Days Payable 66513744 +18.9%
Cash Conversion Cycle 165184215175 -18.6%
Working Capital Days 120126144125 -13.2%
ROCE % 17%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 ₹451 crore for the quarter ended June 2026 (Q1 FY27), up 30.2% from ₹346 crore in the same quarter last year, and up 11.8% sequentially over the March 2026 quarter.
What was Ethos Limited's net profit in Q1 FY27?
Net profit rose 40.0% year-on-year to ₹28 crore, from ₹20 crore. Earnings per share (EPS) came in at ₹10.46.
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 68.2.
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