What the business is, and whether it's a good one at a fair price.
Operates a chain of luxury watch boutiques across India, retailing premium and luxury timepieces through more than 75 brand partnerships. Began as a single boutique in 2003 and reached 103 boutiques across 32 cities by mid-2026, including the 22,000 sq ft City of Time Gurgaon flagship, which houses five exclusive brand boutiques, two multi-brand galleries and 50-plus independent brands. Revenue is overwhelmingly from watches and watch accessories, which accounted for 99.8% of period segment revenue in the FY22 segment split (the only segment data in the pack). The business has extended into adjacent luxury categories — a first Messika international luxury jewellery boutique opened in May 2025, a RIMOWA luxury luggage partnership is mentioned, and a UAE subsidiary (Ficus Trading LLC) was set up for pre-owned watches and aftersales. FY26 revenue was ₹1,612.24 cr with an EBITDA margin of 15.64%, while employee costs were 7.3% of revenue and other operating expenses 8.8%. Inventory stood at ₹593 cr in FY25, built up deliberately to stock new boutiques and the City of Time project, and roughly 50% of CHF foreign currency exposure on Swiss watch imports is hedged through forward contracts.
Measured from the filed financials, judged against its Gems Jewellery And Watches peers · as of FY26 — not investment advice
How has the market priced it — with filings on the timeline?
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
How does it stack up on valuation, returns and growth?
Loading peers…
Quarterly & annual P&L, balance sheet, cash flow, ratios and segments.
Loading financials…
Who owns it — and is the promoter stake clean?
Loading shareholding…
Sign up to see the full company file
Governance, sustainability, compliance, earnings calls, presentations, events, reactions and the full filings feed — free with an account.
Answered from ETHOS LIMITED's filed financials and exchange disclosures
ETHOS LIMITED is a Consumer Durables company listed on NSE and BSE, trading under the symbol ETHOSLTD.
Yes. Over the trailing twelve months ETHOS LIMITED reported a net profit of ₹106 Cr on revenue of ₹1,728 Cr.
Not in the latest reported year — ETHOS LIMITED's dividend payout for FY26 was nil.
Effectively yes. It holds ₹144 Cr more cash than debt. Debt stands at 0.00× equity.
On trailing P/E, ETHOS LIMITED ranks 24 of 29 in Gems Jewellery And Watches — cheaper than 18% of them, against an industry median of 23.4×. This is a position, not a valuation judgement.
On a typical session ETHOS LIMITED moves 1.26% — that is the median absolute close-to-close move across its last 268 trading days. Announcement days are routinely larger.
Every NSE and BSE filing by ETHOS LIMITED appears on this page, AI-summarised, alongside the price reaction that followed it. Follow the company to get each new filing on WhatsApp within minutes.
Figures are as last reported and may lag the latest filing. Not investment advice.
