profit from every ₹100 of sales.
₹0₹100
Ethos
₹2,820.90+1.07% today
-7.5% in 1 year
1-year low ₹2,020.401-year high ₹3,069.70
Trading in the middle of its range for the past year.
The essentials
Four questions every investor asks, answered in one line each.
more sales each year, on average, 2023 to 2026.
0%20% a year
You pay ₹79.65 for every ₹1 of profit it makes in a year.
CheapExpensive
of earnings would pay off all its debt.
No debt5 years
Money in, money out
What Ethos sold, what it kept, and what it did with the cash.
Sales went from ₹7.89 billion in 2023 to ₹16.1 billion in 2026, with ₹948 million of profit last year.
SalesProfit
Ethos vs. similar companies
Ethos grows the fastest of these 5 and is priced in the middle for its profits.
| Company | Profit from ₹100 of sales | Sales growth a year | Price per ₹1 of profit |
|---|---|---|---|
| Ethos | 79.7× · Very expensive | ||
 LVMH | 18.2× · Fair price | ||
 Christian Dior | 17.2× · Fair price | ||
 Tapestry | 17.5× · Fair price | ||
 Kering SA | 322.1× · Very expensive |
AI analysis
An AI analyst reads Ethos's last five years, its segments, earnings, insiders and peers, and writes the bull case, the bear case and what the price expects.
Run the AI analysisFull statementsIncome, balance sheet and cash flow, year by year
Income statement
| In millions of INR | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|
| 7,885 | 9,990 | 12,516 | 16,122 | |
| 2,397 | 2,961 | 3,749 | 4,670 | |
| 903 | 1,122 | 1,271 | 1,183 | |
| 1,294 | 1,760 | 2,125 | 2,475 | |
| 603 | 833 | 963 | 948 | |
| 25.66 | 33.79 | 39.33 | – | |
| 30.4% | 29.6% | 30.0% | 29.0% | |
| 11.5% | 11.2% | 10.2% | 7.3% | |
| 7.6% | 8.3% | 7.7% | 5.9% |
Balance sheet
| In millions of INR | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|
| Total assets | 8,797 | 11,706 | 14,096 | 21,972 |
| Cash | 279 | 606 | 285 | 1,441 |
| Total debt | 1,207 | 1,450 | 2,887 | 3,223 |
| Total liabilities | 2,482 | 2,867 | 4,274 | 5,328 |
| 6,315 | 8,840 | 9,822 | 14,879 | |
| 24 | 25 | 24 | – | |
| 9.4% | 9.3% | 8.8% | 6.5% | |
| 9.5% | 9.4% | 9.8% | 6.4% |
Cash flow
| In millions of INR | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|
| -21 | 308 | -203 | 896 | |
| 566 | 394 | 793 | 713 | |
| -588 | -86 | -996 | 183 | |
| Dividends paid | – | – | – | – |
| – | – | – | – | |
| 0 | – | – | – |
Valuation
- 79.7×
- –
- –
- 4.2×
- 4.7×
- 411.8×
- 31.2×
- 0.2%
- 1.3%
- –
Profitability
- 29.0%
- 7.3%
- 5.9%
- –
- 6.5%
- 8.5%
- –
- –
- –
- –
Growth
- +26.9%
- –
- –
- –
- +0.4%
Financial health
- 0.7×
- 0.22
- –
- 5.8×
- 5.62
- –
- –
How it ranks in Consumer Discretionary
Each dot is where the company stands among every company over $300M in the sector. Further right is better.
Bottom 41%of 976
Bottom 43%of 991
Bottom 7%of 850
Top 11%of 991
Bottom 16%of 979
News
No recent news on file.
Insider trades
Our insider feed has not updated since May 26, 2026. Trades filed after that are not listed yet.
No insider trades on file.
The seven classic investing rulebooks
1/7Passes 1 of 7. Each bar is how well the company fits that investor's published rules, from 0 to 100; 60 or more counts as a pass.
Warren Buffett
39No pass
Benjamin Graham
44No pass
Philip Fisher
34No pass
Peter Lynch
82Pass
Joel Greenblatt
3No pass
Charlie Munger
24No pass
Terry Smith
20No pass
Questions about Ethos
Is Ethos a good stock to buy?
A business with weak numbers, priced as if everything goes right. 1 of the 7 famous investors' published rulebooks we apply pass it. Whether it suits you depends on your goals and the price you pay; invest-like never tells anyone to buy or sell. The AI analysis lays out the case for and against. Read the Ethos AI analysis
What does Ethos do?
Ethos Limited operates a chain of luxury watch boutiques in India. The company offers luxury and premium watches; pre-owned watches; jewellery and jewellery boxes; watch straps, stands, and winders; clocks; collector boxes; and luggage products. It is in Luxury Goods, based in Gurugram, India.
Is Ethos stock halal?
Yes. Ethos passes our halal screen: its business is permitted and its debt is 4% of its market value, under the 30% limit. How we check
How has Ethos stock done over the past year?
Down 7.5% over the past twelve months, to ₹2,820.90. It traded between ₹2,020.40 and ₹3,069.70 and is 8.1% below its high.
Who are Ethos's competitors?
The largest listed companies in the same industry are LVMH, Christian Dior, Tapestry and Kering SA. The peers table on this page compares their profit, growth and price with Ethos's.
Prices: daily closes to Nov 9, 2026. Fundamentals: company reports via invest-like data.