Ethos Limited (NSE:ETHOSLTD) Just Released Its Annual Results And Analysts Are Updating Their Estimates

Shareholders might have noticed that Ethos Limited (NSE:ETHOSLTD) filed its annual result this time last week. The early response was not positive, with shares down 3.0% to ₹2,401 in the past week. Results were roughly in line with estimates, with revenues of ₹13b and statutory earnings per share of ₹39.33. This is an important time for investors, as they can track a company's performance in its report, look at what expert is forecasting for next year, and see if there has been any change to expectations for the business. So we collected the latest post-earnings statutory consensus estimate to see what could be in store for next year.

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Following the latest results, Ethos' sole analyst are now forecasting revenues of ₹15.6b in 2026. This would be a huge 22% improvement in revenue compared to the last 12 months. Per-share earnings are expected to soar 26% to ₹49.40. Before this earnings report, the analyst had been forecasting revenues of ₹15.9b and earnings per share (EPS) of ₹52.55 in 2026. The analyst seem to have become a little more negative on the business after the latest results, given the minor downgrade to their earnings per share numbers for next year.

Check out our latest analysis for Ethos

It might be a surprise to learn that the consensus price target was broadly unchanged at ₹3,300, with the analyst clearly implying that the forecast decline in earnings is not expected to have much of an impact on valuation.

One way to get more context on these forecasts is to look at how they compare to both past performance, and how other companies in the same industry are performing. The period to the end of 2026 brings more of the same, according to the analyst, with revenue forecast to display 22% growth on an annualised basis. That is in line with its 21% annual growth over the past five years. Juxtapose this against our data, which suggests that other companies (with analyst coverage) in the industry are forecast to see their revenues grow 21% per year. It's clear that while Ethos' revenue growth is expected to continue on its current trajectory, it's only expected to grow in line with the industry itself.

The Bottom Line

The biggest concern is that the analyst reduced their earnings per share estimates, suggesting business headwinds could lay ahead for Ethos. Happily, there were no real changes to revenue forecasts, with the business still expected to grow in line with the overall industry. There was no real change to the consensus price target, suggesting that the intrinsic value of the business has not undergone any major changes with the latest estimates.

Keeping that in mind, we still think that the longer term trajectory of the business is much more important for investors to consider. At least one analyst has provided forecasts out to 2028, which can be seen for free on our platform here.

And what about risks? Every company has them, and we've spotted 1 warning sign for Ethos you should know about.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.