Ethos Ltd
Ethos Ltd (ETHOSLTD) last reported results for the quarter ended Jun 2026, with sales of ₹462 crore and net profit of ₹29 crore. The stock last traded at ₹2,624, a market capitalisation of ₹7,021 crore, on a P/E of 66.5. Over the past 52 weeks the stock has ranged between ₹1,919 and ₹3,246. Figures are as of 6 Oct 2026 and are not real time.
Ethos Ltd share price and key metrics
- Current price
- ₹2,624
- Market cap
- ₹7,021 cr
- Stock P/E
- 66.5
- Book value
- ₹556
- ROE
- 7.69%
- ROCE
- 10.4%
- Dividend yield
- 0.00%
- 52w high / low
- 3246/1919
Metrics as of 6 Oct 2026. Not real time.
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Ethos Ltd growth and returns
- 10 Years
- %
- 5 Years
- 33%
- 3 Years
- 27%
- TTM
- 30%
- 10 Years
- %
- 5 Years
- 82%
- 3 Years
- 16%
- TTM
- 14%
- 10 Years
- %
- 5 Years
- %
- 3 Years
- 16%
- 1 Year
- 1%
- 10 Years
- %
- 5 Years
- 10%
- 3 Years
- 9%
- Last Year
- 8%
Ethos Ltd quarterly results
In the quarter ended Jun 2026, sales were ₹462 cr, up 33.5% from ₹346 cr a year earlier. Net profit was ₹29 cr, up 52.6% year on year.
| ₹ crore | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 297 | 370 | 311 | 346 | 383 | 469 | 414 | 462 |
| Expenses | 255 | 313 | 265 | 301 | 336 | 408 | 364 | 402 |
| Operating profit | 42 | 57 | 46 | 45 | 48 | 61 | 50 | 60 |
| OPM % | 14% | 15% | 15% | 13% | 12% | 13% | 12% | 13% |
| Other income | 6 | 6 | 6 | 6 | 12 | 14 | 13 | 13 |
| Interest | 5 | 5 | 5 | 6 | 7 | 8 | 7 | 8 |
| Depreciation | 15 | 17 | 17 | 19 | 21 | 25 | 25 | 26 |
| Profit before tax | 29 | 41 | 30 | 26 | 32 | 42 | 31 | 39 |
| Tax % | 26% | 27% | 25% | 27% | 25% | 27% | 26% | 27% |
| Net profit | 21 | 29 | 23 | 19 | 24 | 31 | 23 | 29 |
| EPS (₹) | 7.93 | 11.00 | 8.49 | 7.11 | 8.89 | 11.37 | 8.22 | 10.51 |
Consolidated figures as reported by the company. Percentages are as published; totals may not sum exactly.
Ethos Ltd annual results
| ₹ crore | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|
| Sales | 444 | 458 | 387 | 577 | 789 | 999 | 1,252 | 1,612 | 1,728 |
| Operating profit | 36 | 56 | 43 | 72 | 120 | 158 | 197 | 215 | 218 |
| OPM % | 8% | 12% | 11% | 12% | 15% | 16% | 16% | 13% | 13% |
| Net profit | 13 | -1 | 5 | 23 | 60 | 83 | 96 | 96 | 106 |
| EPS (₹) | 7.23 | -0.67 | 2.39 | 11.19 | 23.65 | 31.08 | 35.93 | 35.42 | 38.99 |
TTM is the trailing twelve months to the most recent quarter.
Ethos Ltd balance sheet
| ₹ crore | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Equity capital | 17 | 18 | 18 | 19 | 23 | 24 | 24 | 27 |
| Reserves | 117 | 132 | 139 | 213 | 608 | 859 | 958 | 1,461 |
| Borrowings | 69 | 174 | 140 | 161 | 121 | 145 | 289 | 322 |
| Other liabilities | 98 | 98 | 96 | 111 | 127 | 142 | 139 | 387 |
| Total liabilities | 301 | 422 | 394 | 504 | 880 | 1,171 | 1,410 | 2,197 |
| Fixed assets | 22 | 125 | 113 | 130 | 197 | 230 | 401 | 494 |
| CWIP | 5 | 1 | 4 | 0 | 4 | 9 | 31 | 11 |
| Investments | 0 | 1 | 1 | 2 | 2 | 25 | 36 | 38 |
| Other assets | 275 | 296 | 276 | 373 | 677 | 907 | 942 | 1,654 |
| Total assets | 301 | 422 | 394 | 504 | 880 | 1,171 | 1,410 | 2,197 |
As reported by the company. Total assets equal total liabilities by construction.
Ethos Ltd cash flow
| ₹ crore | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | -22 | 36 | 63 | 17 | -2 | 31 | -20 | 90 |
| Cash from investing | -13 | -15 | -10 | -24 | -256 | -123 | 47 | -476 |
| Cash from financing | 35 | -20 | -45 | 26 | 249 | 125 | -58 | 502 |
| Net cash flow | 0 | 2 | 8 | 19 | -10 | 33 | -32 | 116 |
| Free cash flow | -35 | 23 | 54 | -7 | -58 | -1 | -94 | 19 |
| CFO / operating profit | -40% | 76% | 155% | 37% | 15% | 37% | 7% | 61% |
Negative figures are outflows. CFO / operating profit is a ratio, not an amount.
Ethos Ltd operating ratios
| Per year | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| ROCE % | — | 10% | 9% | 15% | 18% | 15% | 14% | 10% |
| Debtor days | 7 | 7 | 12 | 3 | 3 | 6 | 5 | 4 |
| Inventory days | 238 | 242 | 256 | 222 | 228 | 230 | 247 | 222 |
| Days payable | 79 | 80 | 93 | 74 | 65 | 50 | 37 | 45 |
| Cash conversion cycle | 166 | 170 | 174 | 151 | 166 | 185 | 215 | 180 |
| Working capital days | 77 | 72 | 83 | 84 | 121 | 127 | 143 | 127 |
Ratios as computed by the source from the reported statements. Rows a company does not report are omitted.
Ethos Ltd shareholding pattern
Promoters held 50.58% at Jun 2026, broadly unchanged since Jun 2025. FIIs 11.33% and DIIs 23.91%.
| % held | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters | 51.20% | 50.79% | 50.58% | 50.58% | 50.58% | 50.58% | 50.58% | 50.58% |
| FIIs | 12.28% | 12.61% | 12.56% | 13.13% | 13.29% | 12.59% | 10.89% | 11.33% |
| DIIs | 15.64% | 16.58% | 17.85% | 18.18% | 19.95% | 21.25% | 23.59% | 23.91% |
| Public | 20.88% | 20.02% | 19.01% | 18.10% | 16.16% | 15.57% | 14.93% | 14.18% |
| No. of shareholders | 35,858 | 39,756 | 42,900 | 41,464 | 40,447 | 40,326 | 38,627 | 36,940 |
As disclosed by the company to the exchanges. The last row is a count of shareholders, not a percentage.
Ethos Ltd corporate filings
- Compliance Certificate under Reg 74(5) of SEBI (DP) Regulations, 2018Company Updatelow impact
- Ethos Limited announces senior management change with resignation of National Sales Head, effective October 5, 2026Company Updatelow impact
Cruxal's analysis: Ethos Limited has disclosed the resignation of Mr. Rajesh Pandey from the position of…
Read the full analysis - Closure of Trading Window for dealing in securities of the Company by all Designated Persons and their immediate relatives as defined in the Code, shall be closed from Thursday, 1st October, ....Insider Trading / SASTlow impact
- Ethos Ltd schedules analyst and institutional investor meetingCompany Updatelow impact
Cruxal's analysis: Ethos Ltd has issued an intimation regarding a scheduled meeting with analysts and…
Read the full analysis - Ethos Limited announces successful conclusion of 19th Annual General Meeting and adoption of financial statementsAGM/EGMlow impact
Cruxal's analysis: Ethos Limited has formally concluded its 19th Annual General Meeting, where shareholders…
Read the full analysis - Ethos Limited concludes 19th Annual General Meeting; re-appointment of Chairman on agendaAGM/EGMlow impact
Cruxal's analysis: Ethos Limited has successfully concluded its 19th Annual General Meeting held on…
Read the full analysis - Ethos Ltd announces change in schedule for Analyst/Institutional Investor meetingCompany Updatelow impact
Cruxal's analysis: Ethos Ltd has issued a formal intimation regarding a change in the schedule for its…
Read the full analysis - Ethos Ltd schedules analyst and institutional investor meetingCompany Updatelow impact
Cruxal's analysis: Ethos Ltd has issued an intimation regarding a scheduled meeting with analysts and…
Read the full analysis - Ethos Ltd schedules analyst and institutional investor meetingCompany Updatelow impact
Cruxal's analysis: Ethos Ltd has issued an intimation regarding a scheduled meeting with analysts and…
Read the full analysis - Ethos Limited MD & CEO Pranav Shankar Saboo appointed to GPHG India JuryCompany Updatelow impact
Cruxal's analysis: Ethos Limited announced that its Managing Director and CEO, Pranav Shankar Saboo, has…
Read the full analysis - Ethos Limited Announces 19th Annual General Meeting and E-voting ScheduleCompany Updatelow impact
Cruxal's analysis: Ethos Limited has formally notified the scheduling of its 19th Annual General Meeting…
Read the full analysis - Ethos Limited schedules 19th Annual General Meeting for September 15, 2026AGM/EGMlow impact
Cruxal's analysis: Ethos Limited has issued a formal intimation regarding the dispatch of its Annual Report…
Read the full analysis - Ethos Ltd announces Business Responsibility and Sustainability Reporting (BRSR) for FY 2025-26Otherslow impact
Cruxal's analysis: Ethos Ltd has filed its Business Responsibility and Sustainability Report (BRSR) for the…
Read the full analysis - Ethos Ltd releases Annual Report for the financial year 2025-26Otherslow impact
Cruxal's analysis: Ethos Ltd has filed its Annual Report for the financial year 2025-26 as per Regulation…
Read the full analysis - Ethos Limited announces 19th Annual General Meeting scheduled for September 15, 2026AGM/EGMlow impact
Cruxal's analysis: Ethos Limited has issued a formal notice for its 19th Annual General Meeting (AGM) to be…
Read the full analysis - Ethos Limited schedules 19th Annual General Meeting for September 15, 2026Company Updatelow impact
Cruxal's analysis: Ethos Limited has announced the scheduling of its 19th Annual General Meeting (AGM) to be…
Read the full analysis - Ethos Limited schedules 19th Annual General Meeting for September 15, 2026Company Updatelow impact
Cruxal's analysis: Ethos Limited has formally announced that its 19th Annual General Meeting (AGM) for the…
Read the full analysis - Ethos Limited Announces Resignation of Independent Director Dilpreet SinghCompany Updatelow impact
Cruxal's analysis: Ethos Limited has formally notified the stock exchanges regarding the resignation of Mr…
Read the full analysis - Ethos Ltd announces routine newspaper publication under Regulation 30 (LODR)Company Updatelow impact
Cruxal's analysis: Ethos Ltd has made a routine announcement regarding a newspaper publication under…
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