Ethos Ltd (ETHOSLTD) — shareholding pattern, promoter holding, financials and share price

About Ethos Ltd (ETHOSLTD)

Ethos Ltd operates in the Gems, Jewellery And Watches industry, within the Consumer Durables sector. It trades on the NSE as ETHOSLTD and on the BSE under scrip code 543532. Its ISIN is INE04TZ01018.

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

Ethos Limited is a premium and luxury watch retailer operating 89 boutiques across 27 cities and 19 states in India, retailing over 80 global brands with 49 exclusive relationships while offering Certified Pre-Owned watches and an in-house Swiss-equipment service centre for after-sales support.

Financially, Ethos reported consolidated 9MFY26 revenue of Rs. 1,198.2 crore, up 27.4% year-on-year, with EBITDA increasing though margins compressed due to CHF/INR currency movements and incremental costs from new store rollouts; reported PAT after minority interest was broadly flat at Rs. 72.8 crore.

Listed peers in Gems, Jewellery And Watches: Bluestone Jewellery & Lifestyle Ltd, P N Gadgil Jewellers Ltd, Senco Gold Ltd, Timex Group India Ltd, Goldiam International Ltd, Vaibhav Global Ltd.

Valuation & Returns

10 Jul 2026

At ₹2,468 a share on 10 Jul 2026, Ethos Ltd (ETHOSLTD) was valued at a price-to-earnings ratio of 68.69x against an industry P/E of 50.62x and a price-to-book of 6.72x on a book value of ₹367.07 per share as of Mar 2025. Solomo computes return on equity of 9.79% and return on capital employed of 12.44% from filed results. Earnings ratios use consolidated results for the twelve months Jun 2025 to Mar 2026.

P/E
68.69x
Industry P/E
50.62x
P/B
6.72x
EPS (TTM)
₹35.93
Book value / share
₹367.07
ROE
9.79%
ROCE
12.44%
ROA
6.82%
Debt / equity
0.29x
Dividend yield
0%
EBITDA margin
15.35%
52-week range
₹1,921 – ₹3,244.45

Ratios are computed from filed results and the last recorded price. Not investment advice.

Financial Performance

Mar 2026

In the year ended Mar 2026, Ethos Ltd (ETHOSLTD) reported revenue of ₹1,612 crore, net profit of ₹96 crore and earnings per share of ₹35.42. That compares with revenue of ₹1,252 crore and net profit of ₹96 crore in Mar 2025. Figures are consolidated, as filed with the exchanges.

In the quarter ended Mar 2026, revenue was ₹414 crore and net profit ₹23 crore (consolidated).

Consolidated annual results for Ethos Ltd (ETHOSLTD), Mar 2022 to Mar 2026. Revenue and net profit in ₹ crore; EPS in ₹ per share.
MetricMar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Revenue (₹ cr)5777899991,2521,612
Net profit (₹ cr)2360839696
EPS (₹)11.1923.6531.0835.9335.42
Compound annual growth for Ethos Ltd (ETHOSLTD). Stock price CAGR is price return and excludes dividends.
Measure5Y3Y1Y
Sales growth22.28%29.43%25.29%
Profit growth373.69%61.41%15.61%
Stock price CAGR-22%-7%

Ownership Summary

Jun 2026

As of Jun 2026, promoters hold 50.59% of Ethos Ltd (ETHOSLTD) (unchanged from the previous quarter), foreign institutional investors (FII) hold 11.33% and domestic institutional investors (DII) hold 23.91%. Market capitalisation was ₹6,604 crore on 10 Jul 2026. Shareholding is filed quarterly with BSE and NSE; Solomo carries every filing back to Jun 2022.

Largest disclosed public shareholders in Jun 2026: ICICI PRUDENTIAL EXPORTS AND SERVICES FUND 8.23%, INVESCO INDIA FLEXI CAP FUND 7.45%, BANDHAN LARGE & MID CAP FUND 2.58%, EASTSPRING INVESTMENTS INDIA FUND 2.1%, ALCHEMY CAPITAL MANAGEMENT PVT LTD 2.1%, JUPITER INDIA FUND 1.87%. Only stakes above the 1% disclosure threshold are named in filings.

QuarterPromoterPledgedFIIDIIPublic
Jun 202650.59%-11.33%23.91%49.41%
Mar 202650.59%-10.89%23.59%49.41%
Dec 202550.58%-12.6%21.25%49.42%
Sep 202550.59%-13.29%19.96%49.41%
Jun 202550.58%-13.13%18.18%49.42%
Mar 202550.58%-12.56%17.85%49.42%
Dec 202450.79%-12.6%16.58%49.21%
Sep 202451.21%-12.28%15.64%48.79%
Every quarter since Jun 2022 Filing data, not investment advice.