View ValuationEthos 향후 성장Future 기준 점검 5/6Ethos (는) 각각 연간 24.9% 및 20.1% 수익과 수익이 증가할 것으로 예상됩니다. EPS는 연간 24.3% 만큼 성장할 것으로 예상됩니다. 자기자본이익률은 3년 후 10.3% 로 예상됩니다.핵심 정보24.9%이익 성장률24.32%EPS 성장률Specialty Retail 이익 성장28.6%매출 성장률20.1%향후 자기자본이익률10.30%애널리스트 커버리지Low마지막 업데이트14 May 2026최근 향후 성장 업데이트Price Target Changed • Feb 10Price target decreased by 8.6% to ₹3,200Down from ₹3,500, the current price target is provided by 1 analyst. New target price is 24% above last closing price of ₹2,571. Stock is up 13% over the past year. The company is forecast to post earnings per share of ₹38.80 for next year compared to ₹39.33 last year.Price Target Changed • Aug 18Price target decreased by 7.1% to ₹3,250Down from ₹3,500, the current price target is provided by 1 analyst. New target price is 17% above last closing price of ₹2,776. Stock is down 16% over the past year. The company is forecast to post earnings per share of ₹46.80 for next year compared to ₹39.33 last year.Price Target Changed • Nov 17Price target increased by 7.6% to ₹2,137Up from ₹1,987, the current price target is an average from 2 analysts. New target price is approximately in line with last closing price of ₹2,097. Stock is up 138% over the past year. The company is forecast to post earnings per share of ₹35.50 for next year compared to ₹26.56 last year.모든 업데이트 보기Recent updatesReported Earnings • May 13Full year 2026 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2026 results: EPS: ₹36.21 (down from ₹39.33 in FY 2025). Revenue: ₹16.6b (up 33% from FY 2025). Net income: ₹947.7m (down 1.6% from FY 2025). Profit margin: 5.7% (down from 7.7% in FY 2025). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.4%. Earnings per share (EPS) missed analyst estimates by 2.4%. Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Specialty Retail industry in India. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 23% per year, which means it is tracking significantly ahead of earnings growth.공시 • May 06Ethos Limited to Report Q4, 2026 Results on May 12, 2026Ethos Limited announced that they will report Q4, 2026 results at 9:08 AM, Indian Standard Time on May 12, 2026Price Target Changed • Feb 10Price target decreased by 8.6% to ₹3,200Down from ₹3,500, the current price target is provided by 1 analyst. New target price is 24% above last closing price of ₹2,571. Stock is up 13% over the past year. The company is forecast to post earnings per share of ₹38.80 for next year compared to ₹39.33 last year.Reported Earnings • Feb 07Third quarter 2026 earnings: EPS misses analyst expectationsThird quarter 2026 results: EPS: ₹11.46. Revenue: ₹4.84b (up 31% from 3Q 2025). Net income: ₹304.3m (up 3.2% from 3Q 2025). Profit margin: 6.3% (down from 8.0% in 3Q 2025). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 13%. Revenue is forecast to grow 18% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Specialty Retail industry in India.공시 • Jan 30Ethos Limited to Report Q3, 2026 Results on Feb 06, 2026Ethos Limited announced that they will report Q3, 2026 results at 12:08 PM, Indian Standard Time on Feb 06, 2026Reported Earnings • Nov 10Second quarter 2026 earnings: EPS in line with analyst expectations despite revenue beatSecond quarter 2026 results: EPS: ₹8.78 (up from ₹8.68 in 2Q 2025). Revenue: ₹3.95b (up 33% from 2Q 2025). Net income: ₹233.2m (up 9.7% from 2Q 2025). Profit margin: 5.9% (down from 7.2% in 2Q 2025). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 7.8%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Specialty Retail industry in India. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has increased by 46% per year, which means it is tracking significantly ahead of earnings growth.공시 • Oct 31Ethos Limited to Report Q2, 2026 Results on Nov 08, 2025Ethos Limited announced that they will report Q2, 2026 results at 9:08 AM, Indian Standard Time on Nov 08, 2025공시 • Aug 18Ethos Limited, Annual General Meeting, Sep 15, 2025Ethos Limited, Annual General Meeting, Sep 15, 2025.Price Target Changed • Aug 18Price target decreased by 7.1% to ₹3,250Down from ₹3,500, the current price target is provided by 1 analyst. New target price is 17% above last closing price of ₹2,776. Stock is down 16% over the past year. The company is forecast to post earnings per share of ₹46.80 for next year compared to ₹39.33 last year.Reported Earnings • Aug 15First quarter 2026 earnings: Revenues exceed analysts expectations while EPS lags behindFirst quarter 2026 results: EPS: ₹7.77 (down from ₹9.32 in 1Q 2025). Revenue: ₹3.46b (up 27% from 1Q 2025). Net income: ₹190.2m (down 17% from 1Q 2025). Profit margin: 5.5% (down from 8.3% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.8%. Earnings per share (EPS) missed analyst estimates by 30%. Revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Specialty Retail industry in India. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has increased by 38% per year, which means it is tracking significantly ahead of earnings growth.공시 • Aug 09Ethos Limited to Report Q1, 2026 Results on Aug 14, 2025Ethos Limited announced that they will report Q1, 2026 results on Aug 14, 2025공시 • Jun 05Ethos Limited has filed a Follow-on Equity Offering in the amount of INR 4.1 billion.Ethos Limited has filed a Follow-on Equity Offering in the amount of INR 4.1 billion. Security Name: Equity Shares Security Type: Common Stock Transaction Features: Regulation S; Rights OfferingNew Risk • May 11New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 100% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks High level of non-cash earnings (30% accrual ratio). Shareholders have been substantially diluted in the past year (100% increase in shares outstanding).Reported Earnings • May 07Full year 2025 earnings: EPS misses analyst expectationsFull year 2025 results: EPS: ₹39.33 (up from ₹34.98 in FY 2024). Revenue: ₹12.8b (up 28% from FY 2024). Net income: ₹962.9m (up 16% from FY 2024). Profit margin: 7.5% (down from 8.3% in FY 2024). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 1.7%. Revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Specialty Retail industry in India.공시 • May 01Ethos Limited to Report Q4, 2025 Results on May 05, 2025Ethos Limited announced that they will report Q4, 2025 results on May 05, 2025공시 • Mar 07Ethos Limited Announces Resignation of Mr. Yogen Khosla as Independent DirectorMr. Yogen Khosla, an Independent Director of Ethos Limited, has tendered his resignation from the Board of Directors with effect from March 6, 2025. Resignation of Mr. Yogen Khosla due to increasing occupational demands and commitments. Experience: Capital Trust Ltd. - Managing Director and CEO, Member- Audit Committee, Member- Stakeholders' Relationship Committee, Member- Risk Management Committee, Member- Corporate Social Responsibility Committee.Reported Earnings • Feb 15Third quarter 2025 earnings released: EPS: ₹12.05 (vs ₹10.84 in 3Q 2024)Third quarter 2025 results: EPS: ₹12.05 (up from ₹10.84 in 3Q 2024). Revenue: ₹3.76b (up 34% from 3Q 2024). Net income: ₹294.9m (up 16% from 3Q 2024). Profit margin: 7.8% (down from 9.1% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 25% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Specialty Retail industry in India.공시 • Feb 05Ethos Limited to Report Q3, 2025 Results on Feb 14, 2025Ethos Limited announced that they will report Q3, 2025 results on Feb 14, 2025공시 • Jan 01Ethos Limited Announces Resignation of Anil Kumar as Company Secretary and Compliance Officer, Effective January 31, 2025Ethos Limited announced that Mr. Anil Kumar (FCS 8023), General Manager, Company Secretary and Compliance Officer (Key Managerial Personnel) of the Company has tendered his resignation vide letter dated December 16, 2024, due to personal reasons and he will be relieved from his duties effective from January 31, 2025 after the close of business hours. The said resignation was accepted on December 30, 2024. The letter of resignation received from Mr. Anil Kumar is enclosed herewith. The said resignation letter also confirms that, there is no material reason for his resignation other than that mentioned above. The Company places on record its appreciation for his contributions during his tenure with the Company. The Company is in the process of filling the resultant vacancy, and details about the successor will be intimated as and when the appointment is made.Recent Insider Transactions • Dec 03Chairman & MD recently sold ₹89m worth of stockOn the 26th of November, Yashovardhan Saboo sold around 30k shares on-market at roughly ₹2,965 per share. This transaction amounted to 38% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Yashovardhan has been a net seller over the last 12 months, reducing personal holdings by ₹149m.공시 • Nov 21Ethos Limited Announces Resignation of Manoj Subramanian as Whole Time Director and Key Managerial Personnel, Effective from March 31, 2025Ethos Limited announced that pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Mr. Manoj Subramanian, Whole time Director with functional designation of Executive Director and Key Managerial Personnel (KMP) of the Company has tendered his resignation vide email dated November 6, 2024, due to family reasons and he will be relieved from his duties effective from March 31, 2025 after the close of business hours. The said resignation was accepted on November 21, 2024. The letter of resignation received from Mr. Manoj Subramanian. The said resignation letter also confirms that, there is no material reason for his resignation other than that mentioned above.Reported Earnings • Nov 09Second quarter 2025 earnings: Revenues exceed analyst expectationsSecond quarter 2025 results: Revenue: ₹3.03b (up 29% from 2Q 2024). Net income: ₹212.5m (up 14% from 2Q 2024). Profit margin: 7.0% (down from 7.9% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 3.2%. Revenue is forecast to grow 24% p.a. on average during the next 3 years, compared to a 24% growth forecast for the Specialty Retail industry in India.공시 • Oct 23Ethos Limited to Report Q2, 2025 Results on Nov 08, 2024Ethos Limited announced that they will report Q2, 2025 results on Nov 08, 2024Recent Insider Transactions • Sep 20Insider recently sold ₹6.9m worth of stockOn the 13th of September, Nagarajan Subramanian sold around 2k shares on-market at roughly ₹3,474 per share. This transaction amounted to 17% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth ₹23m. Insiders have been net sellers, collectively disposing of ₹362m more than they bought in the last 12 months.공시 • Sep 10Ethos Limited, Annual General Meeting, Sep 27, 2024Ethos Limited, Annual General Meeting, Sep 27, 2024, at 10:30 Indian Standard Time.Recent Insider Transactions • Sep 10Insider recently sold ₹3.4m worth of stockOn the 4th of September, Nagarajan Subramanian sold around 990 shares on-market at roughly ₹3,429 per share. This transaction amounted to 8.6% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth ₹23m. Insiders have been net sellers, collectively disposing of ₹356m more than they bought in the last 12 months.Recent Insider Transactions • Aug 24Insider recently sold ₹23m worth of stockOn the 21st of August, Nagarajan Subramanian sold around 7k shares on-market at roughly ₹3,360 per share. This transaction amounted to 39% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth ₹60m. Insiders have been net sellers, collectively disposing of ₹353m more than they bought in the last 12 months.Reported Earnings • Aug 15First quarter 2025 earnings: EPS and revenues miss analyst expectationsFirst quarter 2025 results: EPS: ₹9.32 (up from ₹7.78 in 1Q 2024). Revenue: ₹2.80b (up 22% from 1Q 2024). Net income: ₹228.0m (up 26% from 1Q 2024). Profit margin: 8.2% (up from 7.9% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 1.0%. Earnings per share (EPS) also missed analyst estimates by 4.9%. Revenue is forecast to grow 24% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Specialty Retail industry in India.공시 • Jul 30Ethos Limited to Report Q1, 2025 Results on Aug 14, 2024Ethos Limited announced that they will report Q1, 2025 results on Aug 14, 2024Recent Insider Transactions • Jun 28Insider recently sold ₹4.2m worth of stockOn the 24th of June, Manoj Gupta sold around 2k shares on-market at roughly ₹2,796 per share. This transaction amounted to 18% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth ₹60m. Insiders have been net sellers, collectively disposing of ₹329m more than they bought in the last 12 months.Recent Insider Transactions • Jun 13MD & Director recently sold ₹60m worth of stockOn the 7th of June, Yashovardhan Saboo sold around 25k shares on-market at roughly ₹2,416 per share. This transaction amounted to 24% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of ₹322m more than they bought in the last 12 months.Recent Insider Transactions • May 25CEO, Additional MD & Director recently sold ₹4.8m worth of stockOn the 21st of May, Pranav Saboo sold around 2k shares on-market at roughly ₹2,405 per share. This transaction amounted to 100% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Pranav has been a net seller over the last 12 months, reducing personal holdings by ₹207m.Reported Earnings • May 14Full year 2024 earnings: EPS exceeds analyst expectationsFull year 2024 results: EPS: ₹34.98 (up from ₹26.56 in FY 2023). Revenue: ₹10.2b (up 30% from FY 2023). Net income: ₹832.9m (up 38% from FY 2023). Profit margin: 8.1% (up from 7.6% in FY 2023). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 2.1%. Revenue is forecast to grow 25% p.a. on average during the next 2 years, compared to a 21% growth forecast for the Specialty Retail industry in India.공시 • May 05Ethos Limited to Report Q4, 2024 Results on May 13, 2024Ethos Limited announced that they will report Q4, 2024 results on May 13, 2024Board Change • Apr 02High number of new directorsThere are 6 new directors who have joined the board in the last 3 years. COO & Additional Whole Time Director Manoj Subramaniam was the last director to join the board, commencing their role in the last week. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.Recent Insider Transactions • Feb 28Insider recently sold ₹27m worth of stockOn the 23rd of February, Nagarajan Subramanian sold around 10k shares on-market at roughly ₹2,671 per share. This transaction amounted to 24% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of ₹333m more than they bought in the last 12 months.Reported Earnings • Feb 15Third quarter 2024 earnings released: EPS: ₹10.84 (vs ₹9.54 in 3Q 2023)Third quarter 2024 results: EPS: ₹10.84 (up from ₹9.54 in 3Q 2023). Revenue: ₹2.87b (up 25% from 3Q 2023). Net income: ₹255.2m (up 24% from 3Q 2023). Profit margin: 8.9% (down from 9.0% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 26% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Specialty Retail industry in India.공시 • Jan 25Ethos Limited to Report Q3, 2024 Results on Feb 14, 2024Ethos Limited announced that they will report Q3, 2024 results on Feb 14, 2024공시 • Jan 19Ethos Limited Announces Board ChangesEthos Limited informed that the Board of Directors of the Company in its meeting held on January 18, 2024, have, inter alia considered and approved Appointment of Mr. Yogen Khosla as an Addi onal Director (Independent) on the board the Company; Appointment of Mr. Manoj Subramanian as the Addi onal/Wholetime Director for a period of 3 (three) years with effect from April 1, 2024. Appointment of Mr. Pranav Shankar Saboo as the Additional/Managing Director for a period of 3 (three) years with effect from April 1, 2024. Mr. Yogen Khosla Appointment as an Additional Director Independent) of the Company. Date of appointment; January 18, 2024. He boasts educational accomplishments from Ealing College, London, as well as a commerce degree from Loyola College, Chennai. He presently holds the position of Managing Director and CEO at Capital Trust Limited, a publicly listed Non-Banking Financial Company with a specializaon in extending financial support to Informal MSMEs situated in rural India. His professional trajectory is marked by substantial contributions as a board member at Kinetic Capital Finance. He also served on the board of DBS Capital Trust Securities. Mr. Manoj Subramanian Appointment as an Additional/Whole time Director with functional designation of Executive Director of the Company. Date of appointment; January 18, 2024 as a director. Chief Operating Officer of the Company since March 1, 2020. He holds a bachelor's degree in commerce from S.I.E.S. College of Commerce and Economics. Further, he has done his Master of Business Administra on from Institute for Technology and Management in academic associaon with New Hampshire. He has been associated with the Company since March 1, 2020 as the Chief Operating Officer. Previously, he has worked with Swatch Group, Swiss Watch House LLC and Just Lifestyle etc. Mr. Pranav Shankar Saboo Appointment as an Additional/Managing Director and Chief Executive Officer of the Company. date of appointments; January 18, 2024 as a director. Chief Executive Officer (non-director) of the company since April 1, 2018. He has been associated with the Company since April 1, 2018 as the Chief Executive Officer. He is the founder and Director on the board of Dream Digital Technology Limited, a mul -faceted digital marketing company.Recent Insider Transactions • Jan 02Independent Director recently sold ₹2.4m worth of stockOn the 29th of December, Anil Khanna sold around 1k shares on-market at roughly ₹2,039 per share. This transaction amounted to 21% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth ₹202m. Insiders have been net sellers, collectively disposing of ₹294m more than they bought in the last 12 months.공시 • Dec 18Ethos Limited Announces Resignation of Mr. Ritesh Kumar Agrawal as Chief Financial Officer effective from February 15, 2024Ethos Limited informed that Mr. Ritesh Kumar Agrawal, Chief Financial Officer (CFO) and Key Managerial Personnel (KMP) of the Company has tendered his resignation vide email dated November 15, 2023, due to personal reasons and he will be relieved from his duties effective from February 15, 2024 after the close of business hours. The said resignation was accepted on December 18, 2023.공시 • Nov 24Ethos Limited Announces Resignation of Patrik Paul Hoffmann as Independent DirectorEthos Limited announced that Mr. Patrik Paul Hoffmann has tendered his resignation as the Independent Director of the Company with effect from close of business hours on November 23, 2023.Recent Insider Transactions • Nov 23Chief Executive Officer recently sold ₹202m worth of stockOn the 20th of November, Pranav Saboo sold around 100k shares on-market at roughly ₹2,016 per share. This transaction amounted to 100% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Pranav's only on-market trade for the last 12 months.Price Target Changed • Nov 17Price target increased by 7.6% to ₹2,137Up from ₹1,987, the current price target is an average from 2 analysts. New target price is approximately in line with last closing price of ₹2,097. Stock is up 138% over the past year. The company is forecast to post earnings per share of ₹35.50 for next year compared to ₹26.56 last year.공시 • Nov 07Ethos Limited to Report Q2, 2024 Results on Nov 14, 2023Ethos Limited announced that they will report Q2, 2024 results on Nov 14, 2023Reported Earnings • Nov 05First quarter 2024 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2024 results: EPS: ₹7.78 (up from ₹6.56 in 1Q 2023). Revenue: ₹2.30b (up 33% from 1Q 2023). Net income: ₹181.6m (up 42% from 1Q 2023). Profit margin: 7.9% (up from 7.4% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 10%. Earnings per share (EPS) also surpassed analyst estimates by 41%. Revenue is forecast to grow 23% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Specialty Retail industry in India.공시 • Nov 04Ethos Limited has completed a Follow-on Equity Offering in the amount of INR 1.749982 billion.Ethos Limited has completed a Follow-on Equity Offering in the amount of INR 1.749982 billion. Security Name: Equity Shares Security Type: Common Stock Securities Offered: 1,131,210 Price\Range: INR 1547 Transaction Features: Regulation S; Subsequent Direct Listing공시 • Nov 02Ethos Limited has filed a Follow-on Equity Offering.Ethos Limited has filed a Follow-on Equity Offering. Security Name: Ordinary Shares Security Type: Common Stock Transaction Features: Regulation S; Subsequent Direct ListingRecent Insider Transactions • Sep 20Insider recently sold ₹1.5m worth of stockOn the 18th of September, Nagarajan Subramanian sold around 845 shares on-market at roughly ₹1,751 per share. This transaction amounted to 1.7% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth ₹2.9m. Insiders have been net sellers, collectively disposing of ₹142m more than they bought in the last 12 months.공시 • Sep 07Ethos Limited, Annual General Meeting, Sep 29, 2023Ethos Limited, Annual General Meeting, Sep 29, 2023, at 10:00 Indian Standard Time. Agenda: To consider and adopt the Audited Standalone and Consolidated Financial Statements of the Company for the financial year ended March 31, 2023 together with the Report of the Board of Directors and the Statutory Auditors thereon; to consider to appoint Mr. Chitranjan Agarwal who retires by rotation in terms of provisions of section 152 of the Companies Act, 2013 or other applicable provisions, if any, and being eligible, offers himself for re-appointment; to consider and re-appoint Mr. Dilpreet Singh as an Independent Director; and to consider other matters.Recent Insider Transactions • Aug 22Executive Director recently sold ₹2.9m worth of stockOn the 18th of August, Manoj Gupta sold around 2k shares on-market at roughly ₹1,649 per share. This transaction amounted to 17% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of ₹140m more than they bought in the last 12 months.Reported Earnings • Aug 06First quarter 2024 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2024 results: EPS: ₹7.78 (up from ₹6.56 in 1Q 2023). Revenue: ₹2.35b (up 35% from 1Q 2023). Net income: ₹181.6m (up 42% from 1Q 2023). Profit margin: 7.7% (up from 7.4% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 10%. Earnings per share (EPS) also surpassed analyst estimates by 41%. Revenue is forecast to grow 25% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Specialty Retail industry in India.공시 • Jul 28Ethos Limited to Report Q1, 2024 Results on Aug 05, 2023Ethos Limited announced that they will report Q1, 2024 results on Aug 05, 2023Recent Insider Transactions • May 18MD & Director recently sold ₹81m worth of stockOn the 15th of May, Yashovardhan Saboo sold around 200k shares on-market at roughly ₹405 per share. This transaction amounted to 61% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of ₹137m more than they bought in the last 12 months.Reported Earnings • May 13Full year 2023 earnings: EPS and revenues exceed analyst expectationsFull year 2023 results: EPS: ₹26.56 (up from ₹12.69 in FY 2022). Revenue: ₹8.03b (up 39% from FY 2022). Net income: ₹603.0m (up 158% from FY 2022). Profit margin: 7.5% (up from 4.1% in FY 2022). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.6%. Earnings per share (EPS) also surpassed analyst estimates by 7.1%. Revenue is forecast to grow 25% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Specialty Retail industry in India.공시 • May 06Ethos Limited to Report Q4, 2023 Results on May 12, 2023Ethos Limited announced that they will report Q4, 2023 results on May 12, 2023Valuation Update With 7 Day Price Move • Apr 17Investor sentiment improves as stock rises 23%After last week's 23% share price gain to ₹1,233, the stock trades at a forward P/E ratio of 42x. Average forward P/E is 57x in the Specialty Retail industry in India.Reported Earnings • Feb 05Third quarter 2023 earnings released: EPS: ₹9.54 (vs ₹4.01 in 3Q 2022)Third quarter 2023 results: EPS: ₹9.54 (up from ₹4.01 in 3Q 2022). Revenue: ₹2.30b (up 45% from 3Q 2022). Net income: ₹206.6m (up 179% from 3Q 2022). Profit margin: 9.0% (up from 4.7% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 27% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Specialty Retail industry in India.공시 • Jan 24Ethos Limited to Report Q3, 2023 Results on Feb 03, 2023Ethos Limited announced that they will report Q3, 2023 results on Feb 03, 2023Recent Insider Transactions • Dec 16MD & Director recently sold ₹51m worth of stockOn the 12th of December, Yashovardhan Saboo sold around 50k shares on-market at roughly ₹1,023 per share. This transaction amounted to 25% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months.Board Change • Dec 02High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Additional Independent Director Charu Sharma was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.Reported Earnings • Nov 05Second quarter 2023 earnings released: EPS: ₹6.59 (vs ₹4.01 in 2Q 2022)Second quarter 2023 results: EPS: ₹6.59 (up from ₹4.01 in 2Q 2022). Revenue: ₹1.81b (up 14% from 2Q 2022). Net income: ₹135.6m (up 83% from 2Q 2022). Profit margin: 7.5% (up from 4.7% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 25% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Specialty Retail industry in India.공시 • Nov 04Ethos Limited Appoints Charu Sharma as Additional DirectorThe board of directors of Ethos Limited in its meeting held on November 3, 2022, approved the appointment of Mr. Charu Sharma (DIN 02276310), as an Additional Director (Independent) of the Company. Mr. Charu Sharma is a sports broadcast and Management Professional. He is a co- founder of Pro Kabbadi League. He was a Former CEO of Royal Challengers, Bangalore. He is an auctioneer, quizmaster, corporate speaker and a show host. He completed his scholling from Mayo College, Ajmer in the year 1974 and finished his college from St. Stephen's College, Delhi in the year 1979 and Davidson College, North Carolina in the year 1980. He has 40 years of experience covering the highest level of international/national sports, for all the major channels of the region- DD, Star, ESPN, Ten Sports, Sony and others.공시 • Sep 29Ethos Limited Announces Cessation of DirectorsEthos Limited announced the cessation of the term of office of Mr. Nagarajan Subramanian as Independent Director of the Company with effect from September 27, 2022 and also cessation of the term of office of Mrs. Neelima Tripathi (DIN - 07588695) as Independent Director of the Company with effect from Tuesday, September 27, 2022.공시 • Sep 28Ethos Limited Approves the Appointment of DirectorsEthos Limited approved the appointment of Mrs. Munisha Gandhi as an Additional Director (Non- Executive Non Independent and Woman Director), Liable to retire by rotation and change in designation of Mr. Patrik Paul Hoffmann as an Independent Director of the Company for a term as may be fixed by shareholders of the Company, term not exceeding 5 consecutive years as may be fixed by shareholders at the upcoming General Meeting of the Company, at board meeting held on September 27, 2022. Mrs. Munisha Gandhi holds a Degree in Law from Panjab University, Chandigarh. Graduated from the Kashmir University at Srinagar. Designated as a Senior Advocate in the year 2014 and remained Additional Advocate General for the State of Punjab for the period 2012 till 2017. Professional legal career spanning more than 28 years and has been at the helm & instrumental in the High Court's delivering legal pronouncements having far reaching consequences impacting the rights of the parties involved. Mr. Patrik Paul Hoffmann Qualified from Business School of the Association of Commerce, Switzerland (Accountant with Federal Diploma, CPA, Certified Public Accountant), Marketing Management, International Management, Sales Management, Marketing Research and Marketing Decision Making from Andrews University, USA. More than 30 years' experience in the watch industry and has been at leadership positions with global watch brands and retailers.Buying Opportunity • Sep 23Now 20% undervaluedOver the last 90 days, the stock is up 23%. The fair value is estimated to be ₹1,223, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 52% over the last year. Earnings per share has grown by 268%. Revenue is forecast to grow by 63% in 2 years. Earnings is forecast to grow by 127% in the next 2 years.공시 • Sep 02Ethos Limited, Annual General Meeting, Sep 27, 2022Ethos Limited, Annual General Meeting, Sep 27, 2022, at 10:00 Indian Standard Time. Agenda: To consider and adopt the Audited Standalone and Consolidated Financial Statements of the Company for the financial year ended March 31, 2022 together with the Report of the Board of Directors and the Statutory Auditors thereon; to appoint a Director in place of Mr. Patrik Paul Hoffmann who retires by rotation in terms of provisions of section 152 of the Companies Act, 2013 or other applicable provisions, if any, and being eligible, offers himself for re-appointment; to appoint Mr. Chitranjan Agarwal as a director liable to retire by rotation; to re-appoint along with revision in payment of remuneration of Mr. Manoj Gupta as Whole time Director designated as Executive Director of the Company with effect from April 1, 2022; to consider and re-appoint Mr. Anil Khanna as an Independent Director; and to transact other business.Reported Earnings • Jul 28First quarter 2023 earnings released: EPS: ₹6.56 (vs ₹2.48 in 1Q 2022)First quarter 2023 results: EPS: ₹6.56 (up from ₹2.48 in 1Q 2022). Revenue: ₹1.74b (up 41% from 1Q 2022). Net income: ₹128.0m (up 184% from 1Q 2022). Profit margin: 7.4% (up from 3.7% in 1Q 2022).공시 • Jul 19Ethos Limited to Report Q1, 2023 Results on Jul 26, 2022Ethos Limited announced that they will report Q1, 2023 results on Jul 26, 2022Reported Earnings • Jun 04Full year 2022 earnings released: EPS: ₹12.69 (vs ₹3.18 in FY 2021)Full year 2022 results: EPS: ₹12.69 (up from ₹3.18 in FY 2021). Revenue: ₹5.77b (up 49% from FY 2021). Net income: ₹233.9m (up 304% from FY 2021). Profit margin: 4.1% (up from 1.5% in FY 2021).이익 및 매출 성장 예측BSE:543532 - 애널리스트 향후 추정치 및 과거 재무 데이터 (INR Millions)날짜매출이익자유현금흐름영업현금흐름평균 애널리스트 수3/31/202931,1432,1311,0132,07613/31/202824,9661,7446243,39923/31/202720,4411,4299893223/31/202616,584948183896N/A12/31/202515,095955N/AN/AN/A9/30/202514,110946-24706N/A6/30/202513,247925N/AN/AN/A3/31/202512,516963-996-203N/A12/31/202411,928946N/AN/AN/A9/30/202411,041906-305114N/A6/30/202410,422879N/AN/AN/A3/31/20249,990833-86308N/A12/31/20239,540755N/AN/AN/A9/30/20239,025707-639173N/A6/30/20238,450657-514128N/A3/31/20237,885603-588-21N/A12/31/20227,397549N/AN/AN/A9/30/20227,053463-661-382N/A6/30/20226,619353N/AN/AN/A3/31/20225,773234-71166N/A3/31/20213,86648539635N/A3/31/20204,578-13227370N/A3/31/20194,43586N/A-12N/A3/31/20183,56127N/A-12N/A9/30/20173,222-107N/AN/AN/A6/30/20173,534-90N/AN/AN/A3/31/20173,257-108N/A35N/A9/30/20162,732-203N/AN/AN/A6/30/20162,983-145N/AN/AN/A3/31/20163,272-90N/A-130N/A12/31/20153,2651N/AN/AN/A9/30/20153,08238N/AN/AN/A6/30/20152,95216N/AN/AN/A더 보기애널리스트 향후 성장 전망수입 대 저축률: 543532 의 연간 예상 수익 증가율(24.9%)이 saving rate(6.9%)보다 높습니다.수익 vs 시장: 543532 의 연간 수익(24.9%)이 Indian 시장(16.1%)보다 빠르게 성장할 것으로 예상됩니다.고성장 수익: 543532 의 수입은 향후 3년 동안 상당히 증가할 것으로 예상됩니다.수익 대 시장: 543532 의 수익(연간 20.1%)이 Indian 시장(연간 10.7%)보다 빠르게 성장할 것으로 예상됩니다.고성장 매출: 543532 의 수익(연간 20.1%)은 연간 20%보다 빠르게 증가할 것으로 예상됩니다.주당순이익 성장 예측향후 자기자본이익률미래 ROE: 543532의 자본 수익률은 3년 후 10.3%로 낮을 것으로 예상됩니다.성장 기업 찾아보기7D1Y7D1Y7D1YRetail 산업의 고성장 기업.View Past Performance기업 분석 및 재무 데이터 상태데이터최종 업데이트 (UTC 시간)기업 분석2026/05/26 13:12종가2026/05/26 00:00수익2026/03/31연간 수익2026/03/31데이터 소스당사의 기업 분석에 사용되는 데이터는 S&P Global Market Intelligence LLC에서 제공됩니다. 아래 데이터는 이 보고서를 생성하기 위해 분석 모델에서 사용됩니다. 데이터는 정규화되므로 소스가 제공된 후 지연이 발생할 수 있습니다.패키지데이터기간미국 소스 예시 *기업 재무제표10년손익계산서현금흐름표대차대조표SEC 양식 10-KSEC 양식 10-Q분석가 컨센서스 추정치+3년재무 예측분석가 목표주가분석가 리서치 보고서Blue Matrix시장 가격30년주가배당, 분할 및 기타 조치ICE 시장 데이터SEC 양식 S-1지분 구조10년주요 주주내부자 거래SEC 양식 4SEC 양식 13D경영진10년리더십 팀이사회SEC 양식 10-KSEC 양식 DEF 14A주요 개발10년회사 공시SEC 양식 8-K* 미국 증권에 대한 예시이며, 비(非)미국 증권에는 해당 국가의 규제 서식 및 자료원을 사용합니다.별도로 명시되지 않는 한 모든 재무 데이터는 연간 기간을 기준으로 하지만 분기별로 업데이트됩니다. 이를 TTM(최근 12개월) 또는 LTM(지난 12개월) 데이터라고 합니다. 자세히 알아보기.분석 모델 및 스노우플레이크이 보고서를 생성하는 데 사용된 분석 모델에 대한 자세한 내용은 당사의 Github 페이지에서 확인하실 수 있습니다. 또한 보고서 활용 방법에 대한 가이드와 YouTube 튜토리얼도 제공합니다.Simply Wall St 분석 모델을 설계하고 구축한 세계적 수준의 팀에 대해 알아보세요.산업 및 섹터 지표산업 및 섹터 지표는 Simply Wall St가 6시간마다 계산하며, 프로세스에 대한 자세한 내용은 Github에서 확인할 수 있습니다.분석가 소스Ethos Limited는 2명의 분석가가 다루고 있습니다. 이 중 2명의 분석가가 우리 보고서에 입력 데이터로 사용되는 매출 또는 수익 추정치를 제출했습니다. 분석가의 제출 자료는 하루 종일 업데이트됩니다.분석가기관null nullEast India Securities LtdDevanshu BansalEmkay Global Financial Services Ltd.
Price Target Changed • Feb 10Price target decreased by 8.6% to ₹3,200Down from ₹3,500, the current price target is provided by 1 analyst. New target price is 24% above last closing price of ₹2,571. Stock is up 13% over the past year. The company is forecast to post earnings per share of ₹38.80 for next year compared to ₹39.33 last year.
Price Target Changed • Aug 18Price target decreased by 7.1% to ₹3,250Down from ₹3,500, the current price target is provided by 1 analyst. New target price is 17% above last closing price of ₹2,776. Stock is down 16% over the past year. The company is forecast to post earnings per share of ₹46.80 for next year compared to ₹39.33 last year.
Price Target Changed • Nov 17Price target increased by 7.6% to ₹2,137Up from ₹1,987, the current price target is an average from 2 analysts. New target price is approximately in line with last closing price of ₹2,097. Stock is up 138% over the past year. The company is forecast to post earnings per share of ₹35.50 for next year compared to ₹26.56 last year.
Reported Earnings • May 13Full year 2026 earnings: Revenues exceed analysts expectations while EPS lags behindFull year 2026 results: EPS: ₹36.21 (down from ₹39.33 in FY 2025). Revenue: ₹16.6b (up 33% from FY 2025). Net income: ₹947.7m (down 1.6% from FY 2025). Profit margin: 5.7% (down from 7.7% in FY 2025). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.4%. Earnings per share (EPS) missed analyst estimates by 2.4%. Revenue is forecast to grow 21% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Specialty Retail industry in India. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 23% per year, which means it is tracking significantly ahead of earnings growth.
공시 • May 06Ethos Limited to Report Q4, 2026 Results on May 12, 2026Ethos Limited announced that they will report Q4, 2026 results at 9:08 AM, Indian Standard Time on May 12, 2026
Price Target Changed • Feb 10Price target decreased by 8.6% to ₹3,200Down from ₹3,500, the current price target is provided by 1 analyst. New target price is 24% above last closing price of ₹2,571. Stock is up 13% over the past year. The company is forecast to post earnings per share of ₹38.80 for next year compared to ₹39.33 last year.
Reported Earnings • Feb 07Third quarter 2026 earnings: EPS misses analyst expectationsThird quarter 2026 results: EPS: ₹11.46. Revenue: ₹4.84b (up 31% from 3Q 2025). Net income: ₹304.3m (up 3.2% from 3Q 2025). Profit margin: 6.3% (down from 8.0% in 3Q 2025). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 13%. Revenue is forecast to grow 18% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Specialty Retail industry in India.
공시 • Jan 30Ethos Limited to Report Q3, 2026 Results on Feb 06, 2026Ethos Limited announced that they will report Q3, 2026 results at 12:08 PM, Indian Standard Time on Feb 06, 2026
Reported Earnings • Nov 10Second quarter 2026 earnings: EPS in line with analyst expectations despite revenue beatSecond quarter 2026 results: EPS: ₹8.78 (up from ₹8.68 in 2Q 2025). Revenue: ₹3.95b (up 33% from 2Q 2025). Net income: ₹233.2m (up 9.7% from 2Q 2025). Profit margin: 5.9% (down from 7.2% in 2Q 2025). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 7.8%. Earnings per share (EPS) were mostly in line with analyst estimates. Revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Specialty Retail industry in India. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has increased by 46% per year, which means it is tracking significantly ahead of earnings growth.
공시 • Oct 31Ethos Limited to Report Q2, 2026 Results on Nov 08, 2025Ethos Limited announced that they will report Q2, 2026 results at 9:08 AM, Indian Standard Time on Nov 08, 2025
공시 • Aug 18Ethos Limited, Annual General Meeting, Sep 15, 2025Ethos Limited, Annual General Meeting, Sep 15, 2025.
Price Target Changed • Aug 18Price target decreased by 7.1% to ₹3,250Down from ₹3,500, the current price target is provided by 1 analyst. New target price is 17% above last closing price of ₹2,776. Stock is down 16% over the past year. The company is forecast to post earnings per share of ₹46.80 for next year compared to ₹39.33 last year.
Reported Earnings • Aug 15First quarter 2026 earnings: Revenues exceed analysts expectations while EPS lags behindFirst quarter 2026 results: EPS: ₹7.77 (down from ₹9.32 in 1Q 2025). Revenue: ₹3.46b (up 27% from 1Q 2025). Net income: ₹190.2m (down 17% from 1Q 2025). Profit margin: 5.5% (down from 8.3% in 1Q 2025). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 1.8%. Earnings per share (EPS) missed analyst estimates by 30%. Revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Specialty Retail industry in India. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has increased by 38% per year, which means it is tracking significantly ahead of earnings growth.
공시 • Aug 09Ethos Limited to Report Q1, 2026 Results on Aug 14, 2025Ethos Limited announced that they will report Q1, 2026 results on Aug 14, 2025
공시 • Jun 05Ethos Limited has filed a Follow-on Equity Offering in the amount of INR 4.1 billion.Ethos Limited has filed a Follow-on Equity Offering in the amount of INR 4.1 billion. Security Name: Equity Shares Security Type: Common Stock Transaction Features: Regulation S; Rights Offering
New Risk • May 11New major risk - Shareholder dilutionThe company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 100% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks High level of non-cash earnings (30% accrual ratio). Shareholders have been substantially diluted in the past year (100% increase in shares outstanding).
Reported Earnings • May 07Full year 2025 earnings: EPS misses analyst expectationsFull year 2025 results: EPS: ₹39.33 (up from ₹34.98 in FY 2024). Revenue: ₹12.8b (up 28% from FY 2024). Net income: ₹962.9m (up 16% from FY 2024). Profit margin: 7.5% (down from 8.3% in FY 2024). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 1.7%. Revenue is forecast to grow 22% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Specialty Retail industry in India.
공시 • May 01Ethos Limited to Report Q4, 2025 Results on May 05, 2025Ethos Limited announced that they will report Q4, 2025 results on May 05, 2025
공시 • Mar 07Ethos Limited Announces Resignation of Mr. Yogen Khosla as Independent DirectorMr. Yogen Khosla, an Independent Director of Ethos Limited, has tendered his resignation from the Board of Directors with effect from March 6, 2025. Resignation of Mr. Yogen Khosla due to increasing occupational demands and commitments. Experience: Capital Trust Ltd. - Managing Director and CEO, Member- Audit Committee, Member- Stakeholders' Relationship Committee, Member- Risk Management Committee, Member- Corporate Social Responsibility Committee.
Reported Earnings • Feb 15Third quarter 2025 earnings released: EPS: ₹12.05 (vs ₹10.84 in 3Q 2024)Third quarter 2025 results: EPS: ₹12.05 (up from ₹10.84 in 3Q 2024). Revenue: ₹3.76b (up 34% from 3Q 2024). Net income: ₹294.9m (up 16% from 3Q 2024). Profit margin: 7.8% (down from 9.1% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 25% p.a. on average during the next 3 years, compared to a 21% growth forecast for the Specialty Retail industry in India.
공시 • Feb 05Ethos Limited to Report Q3, 2025 Results on Feb 14, 2025Ethos Limited announced that they will report Q3, 2025 results on Feb 14, 2025
공시 • Jan 01Ethos Limited Announces Resignation of Anil Kumar as Company Secretary and Compliance Officer, Effective January 31, 2025Ethos Limited announced that Mr. Anil Kumar (FCS 8023), General Manager, Company Secretary and Compliance Officer (Key Managerial Personnel) of the Company has tendered his resignation vide letter dated December 16, 2024, due to personal reasons and he will be relieved from his duties effective from January 31, 2025 after the close of business hours. The said resignation was accepted on December 30, 2024. The letter of resignation received from Mr. Anil Kumar is enclosed herewith. The said resignation letter also confirms that, there is no material reason for his resignation other than that mentioned above. The Company places on record its appreciation for his contributions during his tenure with the Company. The Company is in the process of filling the resultant vacancy, and details about the successor will be intimated as and when the appointment is made.
Recent Insider Transactions • Dec 03Chairman & MD recently sold ₹89m worth of stockOn the 26th of November, Yashovardhan Saboo sold around 30k shares on-market at roughly ₹2,965 per share. This transaction amounted to 38% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Yashovardhan has been a net seller over the last 12 months, reducing personal holdings by ₹149m.
공시 • Nov 21Ethos Limited Announces Resignation of Manoj Subramanian as Whole Time Director and Key Managerial Personnel, Effective from March 31, 2025Ethos Limited announced that pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Mr. Manoj Subramanian, Whole time Director with functional designation of Executive Director and Key Managerial Personnel (KMP) of the Company has tendered his resignation vide email dated November 6, 2024, due to family reasons and he will be relieved from his duties effective from March 31, 2025 after the close of business hours. The said resignation was accepted on November 21, 2024. The letter of resignation received from Mr. Manoj Subramanian. The said resignation letter also confirms that, there is no material reason for his resignation other than that mentioned above.
Reported Earnings • Nov 09Second quarter 2025 earnings: Revenues exceed analyst expectationsSecond quarter 2025 results: Revenue: ₹3.03b (up 29% from 2Q 2024). Net income: ₹212.5m (up 14% from 2Q 2024). Profit margin: 7.0% (down from 7.9% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 3.2%. Revenue is forecast to grow 24% p.a. on average during the next 3 years, compared to a 24% growth forecast for the Specialty Retail industry in India.
공시 • Oct 23Ethos Limited to Report Q2, 2025 Results on Nov 08, 2024Ethos Limited announced that they will report Q2, 2025 results on Nov 08, 2024
Recent Insider Transactions • Sep 20Insider recently sold ₹6.9m worth of stockOn the 13th of September, Nagarajan Subramanian sold around 2k shares on-market at roughly ₹3,474 per share. This transaction amounted to 17% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth ₹23m. Insiders have been net sellers, collectively disposing of ₹362m more than they bought in the last 12 months.
공시 • Sep 10Ethos Limited, Annual General Meeting, Sep 27, 2024Ethos Limited, Annual General Meeting, Sep 27, 2024, at 10:30 Indian Standard Time.
Recent Insider Transactions • Sep 10Insider recently sold ₹3.4m worth of stockOn the 4th of September, Nagarajan Subramanian sold around 990 shares on-market at roughly ₹3,429 per share. This transaction amounted to 8.6% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger sale worth ₹23m. Insiders have been net sellers, collectively disposing of ₹356m more than they bought in the last 12 months.
Recent Insider Transactions • Aug 24Insider recently sold ₹23m worth of stockOn the 21st of August, Nagarajan Subramanian sold around 7k shares on-market at roughly ₹3,360 per share. This transaction amounted to 39% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth ₹60m. Insiders have been net sellers, collectively disposing of ₹353m more than they bought in the last 12 months.
Reported Earnings • Aug 15First quarter 2025 earnings: EPS and revenues miss analyst expectationsFirst quarter 2025 results: EPS: ₹9.32 (up from ₹7.78 in 1Q 2024). Revenue: ₹2.80b (up 22% from 1Q 2024). Net income: ₹228.0m (up 26% from 1Q 2024). Profit margin: 8.2% (up from 7.9% in 1Q 2024). The increase in margin was driven by higher revenue. Revenue missed analyst estimates by 1.0%. Earnings per share (EPS) also missed analyst estimates by 4.9%. Revenue is forecast to grow 24% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Specialty Retail industry in India.
공시 • Jul 30Ethos Limited to Report Q1, 2025 Results on Aug 14, 2024Ethos Limited announced that they will report Q1, 2025 results on Aug 14, 2024
Recent Insider Transactions • Jun 28Insider recently sold ₹4.2m worth of stockOn the 24th of June, Manoj Gupta sold around 2k shares on-market at roughly ₹2,796 per share. This transaction amounted to 18% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth ₹60m. Insiders have been net sellers, collectively disposing of ₹329m more than they bought in the last 12 months.
Recent Insider Transactions • Jun 13MD & Director recently sold ₹60m worth of stockOn the 7th of June, Yashovardhan Saboo sold around 25k shares on-market at roughly ₹2,416 per share. This transaction amounted to 24% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of ₹322m more than they bought in the last 12 months.
Recent Insider Transactions • May 25CEO, Additional MD & Director recently sold ₹4.8m worth of stockOn the 21st of May, Pranav Saboo sold around 2k shares on-market at roughly ₹2,405 per share. This transaction amounted to 100% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Pranav has been a net seller over the last 12 months, reducing personal holdings by ₹207m.
Reported Earnings • May 14Full year 2024 earnings: EPS exceeds analyst expectationsFull year 2024 results: EPS: ₹34.98 (up from ₹26.56 in FY 2023). Revenue: ₹10.2b (up 30% from FY 2023). Net income: ₹832.9m (up 38% from FY 2023). Profit margin: 8.1% (up from 7.6% in FY 2023). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 2.1%. Revenue is forecast to grow 25% p.a. on average during the next 2 years, compared to a 21% growth forecast for the Specialty Retail industry in India.
공시 • May 05Ethos Limited to Report Q4, 2024 Results on May 13, 2024Ethos Limited announced that they will report Q4, 2024 results on May 13, 2024
Board Change • Apr 02High number of new directorsThere are 6 new directors who have joined the board in the last 3 years. COO & Additional Whole Time Director Manoj Subramaniam was the last director to join the board, commencing their role in the last week. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
Recent Insider Transactions • Feb 28Insider recently sold ₹27m worth of stockOn the 23rd of February, Nagarajan Subramanian sold around 10k shares on-market at roughly ₹2,671 per share. This transaction amounted to 24% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of ₹333m more than they bought in the last 12 months.
Reported Earnings • Feb 15Third quarter 2024 earnings released: EPS: ₹10.84 (vs ₹9.54 in 3Q 2023)Third quarter 2024 results: EPS: ₹10.84 (up from ₹9.54 in 3Q 2023). Revenue: ₹2.87b (up 25% from 3Q 2023). Net income: ₹255.2m (up 24% from 3Q 2023). Profit margin: 8.9% (down from 9.0% in 3Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 26% p.a. on average during the next 3 years, compared to a 22% growth forecast for the Specialty Retail industry in India.
공시 • Jan 25Ethos Limited to Report Q3, 2024 Results on Feb 14, 2024Ethos Limited announced that they will report Q3, 2024 results on Feb 14, 2024
공시 • Jan 19Ethos Limited Announces Board ChangesEthos Limited informed that the Board of Directors of the Company in its meeting held on January 18, 2024, have, inter alia considered and approved Appointment of Mr. Yogen Khosla as an Addi onal Director (Independent) on the board the Company; Appointment of Mr. Manoj Subramanian as the Addi onal/Wholetime Director for a period of 3 (three) years with effect from April 1, 2024. Appointment of Mr. Pranav Shankar Saboo as the Additional/Managing Director for a period of 3 (three) years with effect from April 1, 2024. Mr. Yogen Khosla Appointment as an Additional Director Independent) of the Company. Date of appointment; January 18, 2024. He boasts educational accomplishments from Ealing College, London, as well as a commerce degree from Loyola College, Chennai. He presently holds the position of Managing Director and CEO at Capital Trust Limited, a publicly listed Non-Banking Financial Company with a specializaon in extending financial support to Informal MSMEs situated in rural India. His professional trajectory is marked by substantial contributions as a board member at Kinetic Capital Finance. He also served on the board of DBS Capital Trust Securities. Mr. Manoj Subramanian Appointment as an Additional/Whole time Director with functional designation of Executive Director of the Company. Date of appointment; January 18, 2024 as a director. Chief Operating Officer of the Company since March 1, 2020. He holds a bachelor's degree in commerce from S.I.E.S. College of Commerce and Economics. Further, he has done his Master of Business Administra on from Institute for Technology and Management in academic associaon with New Hampshire. He has been associated with the Company since March 1, 2020 as the Chief Operating Officer. Previously, he has worked with Swatch Group, Swiss Watch House LLC and Just Lifestyle etc. Mr. Pranav Shankar Saboo Appointment as an Additional/Managing Director and Chief Executive Officer of the Company. date of appointments; January 18, 2024 as a director. Chief Executive Officer (non-director) of the company since April 1, 2018. He has been associated with the Company since April 1, 2018 as the Chief Executive Officer. He is the founder and Director on the board of Dream Digital Technology Limited, a mul -faceted digital marketing company.
Recent Insider Transactions • Jan 02Independent Director recently sold ₹2.4m worth of stockOn the 29th of December, Anil Khanna sold around 1k shares on-market at roughly ₹2,039 per share. This transaction amounted to 21% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth ₹202m. Insiders have been net sellers, collectively disposing of ₹294m more than they bought in the last 12 months.
공시 • Dec 18Ethos Limited Announces Resignation of Mr. Ritesh Kumar Agrawal as Chief Financial Officer effective from February 15, 2024Ethos Limited informed that Mr. Ritesh Kumar Agrawal, Chief Financial Officer (CFO) and Key Managerial Personnel (KMP) of the Company has tendered his resignation vide email dated November 15, 2023, due to personal reasons and he will be relieved from his duties effective from February 15, 2024 after the close of business hours. The said resignation was accepted on December 18, 2023.
공시 • Nov 24Ethos Limited Announces Resignation of Patrik Paul Hoffmann as Independent DirectorEthos Limited announced that Mr. Patrik Paul Hoffmann has tendered his resignation as the Independent Director of the Company with effect from close of business hours on November 23, 2023.
Recent Insider Transactions • Nov 23Chief Executive Officer recently sold ₹202m worth of stockOn the 20th of November, Pranav Saboo sold around 100k shares on-market at roughly ₹2,016 per share. This transaction amounted to 100% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Pranav's only on-market trade for the last 12 months.
Price Target Changed • Nov 17Price target increased by 7.6% to ₹2,137Up from ₹1,987, the current price target is an average from 2 analysts. New target price is approximately in line with last closing price of ₹2,097. Stock is up 138% over the past year. The company is forecast to post earnings per share of ₹35.50 for next year compared to ₹26.56 last year.
공시 • Nov 07Ethos Limited to Report Q2, 2024 Results on Nov 14, 2023Ethos Limited announced that they will report Q2, 2024 results on Nov 14, 2023
Reported Earnings • Nov 05First quarter 2024 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2024 results: EPS: ₹7.78 (up from ₹6.56 in 1Q 2023). Revenue: ₹2.30b (up 33% from 1Q 2023). Net income: ₹181.6m (up 42% from 1Q 2023). Profit margin: 7.9% (up from 7.4% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 10%. Earnings per share (EPS) also surpassed analyst estimates by 41%. Revenue is forecast to grow 23% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Specialty Retail industry in India.
공시 • Nov 04Ethos Limited has completed a Follow-on Equity Offering in the amount of INR 1.749982 billion.Ethos Limited has completed a Follow-on Equity Offering in the amount of INR 1.749982 billion. Security Name: Equity Shares Security Type: Common Stock Securities Offered: 1,131,210 Price\Range: INR 1547 Transaction Features: Regulation S; Subsequent Direct Listing
공시 • Nov 02Ethos Limited has filed a Follow-on Equity Offering.Ethos Limited has filed a Follow-on Equity Offering. Security Name: Ordinary Shares Security Type: Common Stock Transaction Features: Regulation S; Subsequent Direct Listing
Recent Insider Transactions • Sep 20Insider recently sold ₹1.5m worth of stockOn the 18th of September, Nagarajan Subramanian sold around 845 shares on-market at roughly ₹1,751 per share. This transaction amounted to 1.7% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger sale from another insider worth ₹2.9m. Insiders have been net sellers, collectively disposing of ₹142m more than they bought in the last 12 months.
공시 • Sep 07Ethos Limited, Annual General Meeting, Sep 29, 2023Ethos Limited, Annual General Meeting, Sep 29, 2023, at 10:00 Indian Standard Time. Agenda: To consider and adopt the Audited Standalone and Consolidated Financial Statements of the Company for the financial year ended March 31, 2023 together with the Report of the Board of Directors and the Statutory Auditors thereon; to consider to appoint Mr. Chitranjan Agarwal who retires by rotation in terms of provisions of section 152 of the Companies Act, 2013 or other applicable provisions, if any, and being eligible, offers himself for re-appointment; to consider and re-appoint Mr. Dilpreet Singh as an Independent Director; and to consider other matters.
Recent Insider Transactions • Aug 22Executive Director recently sold ₹2.9m worth of stockOn the 18th of August, Manoj Gupta sold around 2k shares on-market at roughly ₹1,649 per share. This transaction amounted to 17% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of ₹140m more than they bought in the last 12 months.
Reported Earnings • Aug 06First quarter 2024 earnings: EPS and revenues exceed analyst expectationsFirst quarter 2024 results: EPS: ₹7.78 (up from ₹6.56 in 1Q 2023). Revenue: ₹2.35b (up 35% from 1Q 2023). Net income: ₹181.6m (up 42% from 1Q 2023). Profit margin: 7.7% (up from 7.4% in 1Q 2023). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 10%. Earnings per share (EPS) also surpassed analyst estimates by 41%. Revenue is forecast to grow 25% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Specialty Retail industry in India.
공시 • Jul 28Ethos Limited to Report Q1, 2024 Results on Aug 05, 2023Ethos Limited announced that they will report Q1, 2024 results on Aug 05, 2023
Recent Insider Transactions • May 18MD & Director recently sold ₹81m worth of stockOn the 15th of May, Yashovardhan Saboo sold around 200k shares on-market at roughly ₹405 per share. This transaction amounted to 61% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of ₹137m more than they bought in the last 12 months.
Reported Earnings • May 13Full year 2023 earnings: EPS and revenues exceed analyst expectationsFull year 2023 results: EPS: ₹26.56 (up from ₹12.69 in FY 2022). Revenue: ₹8.03b (up 39% from FY 2022). Net income: ₹603.0m (up 158% from FY 2022). Profit margin: 7.5% (up from 4.1% in FY 2022). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.6%. Earnings per share (EPS) also surpassed analyst estimates by 7.1%. Revenue is forecast to grow 25% p.a. on average during the next 2 years, compared to a 18% growth forecast for the Specialty Retail industry in India.
공시 • May 06Ethos Limited to Report Q4, 2023 Results on May 12, 2023Ethos Limited announced that they will report Q4, 2023 results on May 12, 2023
Valuation Update With 7 Day Price Move • Apr 17Investor sentiment improves as stock rises 23%After last week's 23% share price gain to ₹1,233, the stock trades at a forward P/E ratio of 42x. Average forward P/E is 57x in the Specialty Retail industry in India.
Reported Earnings • Feb 05Third quarter 2023 earnings released: EPS: ₹9.54 (vs ₹4.01 in 3Q 2022)Third quarter 2023 results: EPS: ₹9.54 (up from ₹4.01 in 3Q 2022). Revenue: ₹2.30b (up 45% from 3Q 2022). Net income: ₹206.6m (up 179% from 3Q 2022). Profit margin: 9.0% (up from 4.7% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 27% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Specialty Retail industry in India.
공시 • Jan 24Ethos Limited to Report Q3, 2023 Results on Feb 03, 2023Ethos Limited announced that they will report Q3, 2023 results on Feb 03, 2023
Recent Insider Transactions • Dec 16MD & Director recently sold ₹51m worth of stockOn the 12th of December, Yashovardhan Saboo sold around 50k shares on-market at roughly ₹1,023 per share. This transaction amounted to 25% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was the only on-market transaction from insiders over the last 12 months.
Board Change • Dec 02High number of new directorsThere are 5 new directors who have joined the board in the last 3 years. Additional Independent Director Charu Sharma was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model.
Reported Earnings • Nov 05Second quarter 2023 earnings released: EPS: ₹6.59 (vs ₹4.01 in 2Q 2022)Second quarter 2023 results: EPS: ₹6.59 (up from ₹4.01 in 2Q 2022). Revenue: ₹1.81b (up 14% from 2Q 2022). Net income: ₹135.6m (up 83% from 2Q 2022). Profit margin: 7.5% (up from 4.7% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 25% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Specialty Retail industry in India.
공시 • Nov 04Ethos Limited Appoints Charu Sharma as Additional DirectorThe board of directors of Ethos Limited in its meeting held on November 3, 2022, approved the appointment of Mr. Charu Sharma (DIN 02276310), as an Additional Director (Independent) of the Company. Mr. Charu Sharma is a sports broadcast and Management Professional. He is a co- founder of Pro Kabbadi League. He was a Former CEO of Royal Challengers, Bangalore. He is an auctioneer, quizmaster, corporate speaker and a show host. He completed his scholling from Mayo College, Ajmer in the year 1974 and finished his college from St. Stephen's College, Delhi in the year 1979 and Davidson College, North Carolina in the year 1980. He has 40 years of experience covering the highest level of international/national sports, for all the major channels of the region- DD, Star, ESPN, Ten Sports, Sony and others.
공시 • Sep 29Ethos Limited Announces Cessation of DirectorsEthos Limited announced the cessation of the term of office of Mr. Nagarajan Subramanian as Independent Director of the Company with effect from September 27, 2022 and also cessation of the term of office of Mrs. Neelima Tripathi (DIN - 07588695) as Independent Director of the Company with effect from Tuesday, September 27, 2022.
공시 • Sep 28Ethos Limited Approves the Appointment of DirectorsEthos Limited approved the appointment of Mrs. Munisha Gandhi as an Additional Director (Non- Executive Non Independent and Woman Director), Liable to retire by rotation and change in designation of Mr. Patrik Paul Hoffmann as an Independent Director of the Company for a term as may be fixed by shareholders of the Company, term not exceeding 5 consecutive years as may be fixed by shareholders at the upcoming General Meeting of the Company, at board meeting held on September 27, 2022. Mrs. Munisha Gandhi holds a Degree in Law from Panjab University, Chandigarh. Graduated from the Kashmir University at Srinagar. Designated as a Senior Advocate in the year 2014 and remained Additional Advocate General for the State of Punjab for the period 2012 till 2017. Professional legal career spanning more than 28 years and has been at the helm & instrumental in the High Court's delivering legal pronouncements having far reaching consequences impacting the rights of the parties involved. Mr. Patrik Paul Hoffmann Qualified from Business School of the Association of Commerce, Switzerland (Accountant with Federal Diploma, CPA, Certified Public Accountant), Marketing Management, International Management, Sales Management, Marketing Research and Marketing Decision Making from Andrews University, USA. More than 30 years' experience in the watch industry and has been at leadership positions with global watch brands and retailers.
Buying Opportunity • Sep 23Now 20% undervaluedOver the last 90 days, the stock is up 23%. The fair value is estimated to be ₹1,223, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 52% over the last year. Earnings per share has grown by 268%. Revenue is forecast to grow by 63% in 2 years. Earnings is forecast to grow by 127% in the next 2 years.
공시 • Sep 02Ethos Limited, Annual General Meeting, Sep 27, 2022Ethos Limited, Annual General Meeting, Sep 27, 2022, at 10:00 Indian Standard Time. Agenda: To consider and adopt the Audited Standalone and Consolidated Financial Statements of the Company for the financial year ended March 31, 2022 together with the Report of the Board of Directors and the Statutory Auditors thereon; to appoint a Director in place of Mr. Patrik Paul Hoffmann who retires by rotation in terms of provisions of section 152 of the Companies Act, 2013 or other applicable provisions, if any, and being eligible, offers himself for re-appointment; to appoint Mr. Chitranjan Agarwal as a director liable to retire by rotation; to re-appoint along with revision in payment of remuneration of Mr. Manoj Gupta as Whole time Director designated as Executive Director of the Company with effect from April 1, 2022; to consider and re-appoint Mr. Anil Khanna as an Independent Director; and to transact other business.
Reported Earnings • Jul 28First quarter 2023 earnings released: EPS: ₹6.56 (vs ₹2.48 in 1Q 2022)First quarter 2023 results: EPS: ₹6.56 (up from ₹2.48 in 1Q 2022). Revenue: ₹1.74b (up 41% from 1Q 2022). Net income: ₹128.0m (up 184% from 1Q 2022). Profit margin: 7.4% (up from 3.7% in 1Q 2022).
공시 • Jul 19Ethos Limited to Report Q1, 2023 Results on Jul 26, 2022Ethos Limited announced that they will report Q1, 2023 results on Jul 26, 2022
Reported Earnings • Jun 04Full year 2022 earnings released: EPS: ₹12.69 (vs ₹3.18 in FY 2021)Full year 2022 results: EPS: ₹12.69 (up from ₹3.18 in FY 2021). Revenue: ₹5.77b (up 49% from FY 2021). Net income: ₹233.9m (up 304% from FY 2021). Profit margin: 4.1% (up from 1.5% in FY 2021).