Ethos Limited
NSE: ETHOSLTD · Gems, Jewellery And Watches
Snapshot
Unlock Ethos Limited's vital signs
Growth · Profitability · Valuation · Strength · Conviction
Company Overview
Business
Ethos Limited is a prominent Indian retailer operating a chain of luxury watch boutiques. The company offers a diverse portfolio of approximately 60 luxury watch brands and provides comprehensive aftercare services including repairs and restoration.
Business Model
The company generates revenue through the retail sale of luxury watches and accessories across its physical boutique network and online platform. Additionally, it captures value through high-margin aftercare and maintenance services for luxury timepieces.
- Store Count:50
- Brand Portfolio:60
Growth Outlook
Growth is driven by the expansion of the luxury retail footprint in India and the increasing demand for premium timepieces. The company continues to leverage its omnichannel presence to capture a larger share of the organised luxury watch market.
Key Risks
- Discretionary Spending Sensitivity. As a retailer of luxury goods, the company is highly susceptible to economic downturns that reduce consumer discretionary spending.
- Supply Chain Dependency. The business model relies heavily on maintaining authorised dealership agreements with international luxury watch brands.
- Inventory Risk. Holding high-value luxury inventory exposes the company to risks associated with changing fashion trends and capital lock-up.
- Currency Fluctuation. Since a significant portion of luxury watches are imported, volatility in the Indian Rupee can impact procurement costs and profit margins.
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Key Metrics
REVENUE
₹1,728 Cr
TTM · consolidated
NET PROFIT
₹106 Cr
TTM · consolidated
EPS
₹39.31
TTM · consolidated
RETURN ON EQUITY
8.6%
TTM · consolidated
RETURN ON CAPITAL EMPLOYED
11.3%
TTM · consolidated
P/E
64.4×
Q1 FY27 · consolidated
EV/EBITDA
25.2x
Q1 FY27 · consolidated
EBITDA MARGIN
16.0%
TTM · consolidated
NET PROFIT MARGIN
6.2%
Q1 FY27 · consolidated
DEBT TO EQUITY
0.0x
Q1 FY27 · consolidated
Peers · Gems, Jewellery And Watches
| Company | Mkt Cap | P/E (TTM) | EV/EBITDA | Rev Gr YoY | EBITDA Mgn | ROE | ROCE | 1Y Return |
|---|---|---|---|---|---|---|---|---|
Ethos LimitedETHOSLTD | ₹7,118 Cr | 64.4× | 25.19 | 30.4% | 16.0% | 8.6% | 11.3% | +0.3% |
P. N. Gadgil Jewellers Ltd.PNGJL | ₹8,906 Cr | 17.7× | 13.50 | 47.8% | 6.8% | 25.4% | 37.5% | -4.1% |
Timex Group India LimitedTIMEX | ₹7,326 Cr | 86.8× | 56.34 | 41.8% | 15.3% | 87.9% | 81.5% | +103.0% |
Senco GoldSENCO | ₹5,607 Cr | 9.1× | 6.64 | 41.9% | 11.1% | 25.5% | 38.9% | -7.9% |
KDDL LimitedKDDL | ₹5,230 Cr | 49.6× | 13.24 | 32.5% | 16.8% | 15.1% | 12.8% | +46.8% |
Goldiam International LimitedGOLDIAM | ₹5,008 Cr | 16.8× | 15.90 | 27.0% | 28.0% | 22.9% | 29.8% | -18.7% |
As of Q1 FY27
Financials
Ethos Limited
NSE: ETHOSLTD · Gems, Jewellery And Watches
Snapshot
Unlock Ethos Limited's vital signs
Growth · Profitability · Valuation · Strength · Conviction
Company Overview
Business
Ethos Limited is a prominent Indian retailer operating a chain of luxury watch boutiques. The company offers a diverse portfolio of approximately 60 luxury watch brands and provides comprehensive aftercare services including repairs and restoration.
Business Model
The company generates revenue through the retail sale of luxury watches and accessories across its physical boutique network and online platform. Additionally, it captures value through high-margin aftercare and maintenance services for luxury timepieces.
- Store Count:50
- Brand Portfolio:60
Growth Outlook
Growth is driven by the expansion of the luxury retail footprint in India and the increasing demand for premium timepieces. The company continues to leverage its omnichannel presence to capture a larger share of the organised luxury watch market.
Key Risks
- Discretionary Spending Sensitivity. As a retailer of luxury goods, the company is highly susceptible to economic downturns that reduce consumer discretionary spending.
- Supply Chain Dependency. The business model relies heavily on maintaining authorised dealership agreements with international luxury watch brands.
- Inventory Risk. Holding high-value luxury inventory exposes the company to risks associated with changing fashion trends and capital lock-up.
- Currency Fluctuation. Since a significant portion of luxury watches are imported, volatility in the Indian Rupee can impact procurement costs and profit margins.
Start your research today
Unlock AI insights, financials, peers and live data on Ethos Limited and 5,000+ companies — free.
Key Metrics
REVENUE
₹1,728 Cr
TTM · consolidated
NET PROFIT
₹106 Cr
TTM · consolidated
EPS
₹39.31
TTM · consolidated
RETURN ON EQUITY
8.6%
TTM · consolidated
RETURN ON CAPITAL EMPLOYED
11.3%
TTM · consolidated
P/E
64.4x
Q1 FY27 · consolidated
EV/EBITDA
25.2x
Q1 FY27 · consolidated
EBITDA MARGIN
16.0%
TTM · consolidated
NET PROFIT MARGIN
6.2%
Q1 FY27 · consolidated
DEBT TO EQUITY
0.0x
Q1 FY27 · consolidated
Peers · Gems, Jewellery And Watches
As of Q1 FY27