Is Ethos a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Ethos Ltd is a below average quality company .

Is Ethos undervalued or overvalued?

The key valuation ratios of Ethos Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone .

What is Ethos share price return in the past 10 years?

Data is not available for this company

Is Ethos a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Ethos Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

Ethos Ltd - Stock Valuation and Financial Performance

Name: Ethos
Brand: Ethos

BSE: 543532 | NSE: ETHOSLTD | Retailing | Small Cap

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Ethos Ltd. Share Price

₹3,130 22.45 0.72%
as on 18-Oct'24 09:11

10 Year X-Ray of Ethos Ltd.:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Standalone Basis ^P Consolidated Basis ^P

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
ROCE % ⓘ	13.3%	5.5%	2.1%	10.2%	16.2%	11.4%	12%	21.1%	21.5%	17.1%	-
Value Creation Index ⓘ	0.0	-0.6	-0.9	-0.2	0.2	-0.2	-0.1	0.5	0.5	0.3	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	281	329	325	356	442	458	387	577	789	998	1,041
Sales YoY Gr.	-	17%	-1.2%	9.6%	24.1%	3.6%	-15.6%	49.3%	36.6%	26.6%	-
Adj EPS ⓘ	1.7	-4.6	-5.2	3.4	7.2	-0.8	2.4	12.4	26.4	33.3	35.2
YoY Gr.	-	-374.6%	NA	NA	111.5%	-111.3%	NA	413.6%	112.5%	26.2%	-
BVPS (₹) ⓘ	27.7	30.4	33.7	52.4	73	83.5	86	121.5	270.3	360.3	369.7
Adj Net Profit ⓘ	2	-5.7	-6.8	5.4	12.1	-1.5	4.4	23.7	61.7	81.6	86
Cash Flow from Ops. ⓘ	-6.1	-13	4.1	-1.1	-22.3	34.8	62.4	16.9	-4.8	31.1	-
Debt/CF from Ops. ⓘ	-9.3	-5.4	16.9	-57.1	-3.5	2.2	0.8	3.5	-1.7	0.2	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	15.1%	17.7%	37.2%	26.6%
Adj EPS ⓘ	39.3%	36.1%	139.7%	26.2%
BVPSⓘ	33%	37.6%	61.2%	33.3%
Share Price	-	-	-	90.7%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
Return on Equity % ⓘ	4.2	-10.6	-11.2	6.9	10.8	-1	2.9	12.2	14.3	10.8	9.7
Op. Profit Mgn % ⓘ	5.8	3.2	1.4	5.3	7.7	12	10.9	12.4	15.4	15.8	15.4
Net Profit Mgn % ⓘ	0.7	-1.8	-2.1	1.5	2.7	-0.3	1.1	4.1	7.8	8.2	8.3
Debt to Equity ⓘ	1.1	1.2	1.1	0.7	0.6	0.5	0.3	0.3	0	0	-
Working Cap Days ⓘ	196	199	214	213	199	214	248	181	177	181	139
Cash Conv. Cycle ⓘ	88	94	107	95	95	114	127	95	94	109	109

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 37.18%

Net Profit is growing at healthy rate in last 3 years 139.70%

Sales growth is good in last 4 quarters at 23.66%

Return on Equity has declined versus last 3 years average to 9.70%

Latest Financials - Ethos Ltd.

	Standalone	Consolidated
TTM EPS (₹)	35.2	35.9
TTM Sales (₹ Cr.)	1,041	1,042
BVPS (₹.) ⓘ	369.7	370.5
Reserves (₹ Cr.) ⓘ	880	882
P/BV ⓘ	8.41	8.39
PE ⓘ	88.19	86.50

From the Market
52 Week Low / High (₹)	1542.00 / 3514.95
All Time Low / High (₹)	711.60 / 3514.95
Market Cap (₹ Cr.)	7,607
Equity (₹ Cr.)	24.5
Face Value (₹)	10
Industry PE ⓘ	109.8

Management X-Ray of Ethos Ltd.:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

* Pledged shares as % of Promoter's holding (%)

Valuation of Ethos Ltd.

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Price Chart

Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

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Key Ratios of Ethos Ltd.

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Sales	281	329	325	356	442	458	387	577	789	998
Operating Expenses ⓘ	265	319	320	339	409	405	345	507	670	841
Manufacturing Costs	1	1	1	1	1	1	1	1	2	3
Material Costs	209	251	253	271	315	329	282	411	544	698
Employee Cost	17	20	20	23	32	32	27	41	51	69
Other Costs ⓘ	38	47	46	44	60	43	35	54	72	72
Operating Profit ⓘ	16	10	4	17	33	53	42	71	119	156
Operating Profit Margin (%)	5.8%	3.1%	1.4%	4.8%	7.4%	11.6%	10.8%	12.2%	15.1%	15.7%
Other Income ⓘ	1	0	2	2	2	6	17	13	15	22
Interest ⓘ	10	11	11	10	11	24	20	21	20	22
Depreciation ⓘ	4	4	4	4	5	35	32	31	35	48
Exceptional Items ⓘ	0	0	0	0	0	0	0	0	0	0
Profit Before Tax ⓘ	4	-5	-8	5	18	1	6	31	80	109
Tax ⓘ	1	1	-2	1	7	1	2	8	20	27
Profit After Tax	2	-6	-6	4	11	0	5	23	60	81
PAT Margin (%)	0.8%	-1.8%	-1.9%	1.1%	2.5%	0.0%	1.2%	4.0%	7.6%	8.1%
Adjusted EPS (₹)	2.1	-4.8	-4.6	2.5	6.6	0.0	2.6	12.3	25.6	33.2
Dividend Payout Ratio (%)	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Equity and Liabilities
Shareholders Fund	52	57	64	91	131	152	157	232	631	882
Share Capital ⓘ	31	32	33	23	24	18	18	19	23	24
Reserves ⓘ	20	25	31	67	106	134	138	213	608	857
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	55	64	64	52	69	69	44	50	8	2
Long Term Debt	8	10	11	11	16	16	17	28	7	2
Short Term Debt	46	54	54	41	53	54	27	23	0	0
Trade Payables	70	69	65	77	70	75	74	87	98	98
Others Liabilities ⓘ	11	18	19	27	24	123	112	129	135	179
Total Liabilities ⓘ	188	208	212	247	294	420	387	498	872	1,161
Fixed Assets
Gross Block	25	27	14	24	34	174	157	203	251	328
Accumulated Depreciation	12	15	4	7	12	45	45	74	54	99
Net Fixed Assetsⓘ	13	12	10	17	22	128	112	129	197	229
CWIP ⓘ	0	0	0	0	5	1	4	0	4	9
Investmentsⓘ	0	0	0	0	0	4	4	6	7	30
Inventories	147	164	169	171	206	219	198	250	340	440
Trade Receivables	3	6	2	6	8	9	12	5	6	16
Cash Equivalents	5	6	9	7	8	10	19	39	225	341
Others Assetsⓘ	18	20	22	45	46	49	38	69	93	97
Total Assets ⓘ	188	208	212	247	294	420	387	498	872	1,161

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Cash Flow From Operating Activity ⓘ	-6	-13	4	-1	-22	35	62	17	-5	31
PBT ⓘ	4	-5	-8	5	18	1	6	31	80	109
Adjustment ⓘ	10	12	12	11	11	51	33	37	34	42
Changes in Working Capital ⓘ	-19	-18	0	-18	-45	-12	25	-42	-99	-93
Tax Paid ⓘ	-1	-2	0	1	-7	-5	-2	-9	-20	-27
Cash Flow From Investing Activity ⓘ	-5	-4	-2	-12	-13	-13	-10	-23	-254	-123
Capex	-4	-3	-3	-11	-13	-13	-9	-23	-56	-30
Net Investments	0	-1	0	0	0	1	-1	-1	-206	-104
Others ⓘ	-1	0	0	0	0	0	0	1	8	12
Cash Flow From Financing Activityⓘ	11	17	2	11	35	-20	-45	27	249	125
Net Proceeds from Shares ⓘ	0	12	12	22	29	21	0	51	375	175
Net Proceeds from Borrowing ⓘ	-3	2	-2	-13	2	-2	3	11	-29	-1
Interest Paid ⓘ	-7	-8	-8	-6	-7	-19	-16	-16	-16	-15
Dividend Paid ⓘ	0	0	0	0	0	0	0	0	0	0
Others ⓘ	20	11	0	7	12	-20	-31	-20	-82	-34
Net Cash Flow ⓘ	0	0	4	-2	0	3	7	20	-10	32

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Ratios
ROE (%)	7.69	-17.13	-14.84	6.25	10.83	0.03	3	12.03	13.86	10.74
ROCE (%)	13.28	5.49	2.06	10.21	16.2	11.36	11.96	21.05	21.48	17.09
Asset Turnover Ratio	1.65	1.66	1.55	1.55	1.63	1.28	0.96	1.3	1.15	0.98
PAT to CFO Conversion(x)	-3	N/A	N/A	-0.25	-2	N/A	12.4	0.74	-0.08	0.38
Working Capital Days
Receivable Days	3	5	4	4	6	7	10	5	3	4
Inventory Days	170	172	187	174	156	169	197	142	137	143
Payable Days	109	101	96	96	85	80	97	72	62	51

Ethos Ltd Stock News

Ethos Ltd FAQs

What is the share price of Ethos Ltd.?

Company share prices are keep on changing according to the market conditions. The closing price of Ethos Ltd. on 18-Oct-2024 09:11 is ₹3,130.

What is the market cap of Ethos Ltd.?

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 18-Oct-2024 09:11 the market cap of Ethos Ltd. stood at ₹7,607.4.

What is the P/E ratio of Ethos Ltd.?

The latest P/E ratio of Ethos Ltd. as of 18-Oct-2024 09:11 is 88.19.

What is the P/B ratio of Ethos Ltd.?

The latest P/B ratio of Ethos Ltd. as of 18-Oct-2024 09:11 is 8.41.

What is the 52-week high and low of Ethos Ltd.?

The 52-week high of Ethos Ltd. is ₹3,515 and the 52-week low is ₹1,542.

What is the TTM revenue of Ethos Ltd.?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Ethos Ltd. is ₹1,041 ( Cr.) .

About Ethos Ltd

The company was originally incorporated as ‘Kamla Retail Limited’ under the provisions of Companies Act, 1956, at Parwanoo, Himachal Pradesh, pursuant to the certificate of incorporation dated November 5, 2007, issued by the Assistant Registrar of Companies, Punjab, Himachal Pradesh and Chandigarh. Subsequently, the name of the Company was changed to ‘Ethos Limited’ pursuant to a special resolution passed by the Shareholders of the Company on March 2, 2012, and a revised certificate of incorporation was issued by Registrar of Companies, Himachal Pradesh on March 5, 2012.

Ethos is India’s one of the largest luxury and premium watch retail player, delivering a content-led luxury retail experience to its customers through its online and physical presence. In addition to its chain of physical retail stores in several cities in India in a multi store format, it offer an Omnichannel experience to its customers through its website and social media platforms. It has the sizeable portfolio of premium and luxury watches in India enabling it to retail premium and luxury watch brands like Omega, IWC Schaffhausen, Jaeger LeCoultre, Panerai, Bvlgari, H. Moser & Cie, Rado, Longines, Baume & Mercier, Oris SA, Corum, Carl F. Bucherer, Tissot, Raymond Weil, Louis Moinet and Balmain.

The company’s Omnichannel approach is premised on its endeavour to provide experience, content, customisation, reach and convenience to its customers. In addition to its premium and luxury watch retail, it also undertake retail of certified pre-owned luxury watches under ‘Certified Pre-Owned’ (CPO) luxury watch lounge located at National Capital Territory of New Delhi. It started its pre-owned luxury watch retail business in Fiscal 2019. Its physical presence is leveraged by its strong digital platform with a frequently visited website, effective social media communication, a large database of HNI customers and an active program of home and office delivery of luxury products.

Business area of the company

Ethos is the largest luxury and premium watch retailer in India, operating on an omnichannel model and allows customers to order products either offline or online.

Major Achievements

2007: Incorporation of Kamla Retail Limited as a public limited company.
2008: Transfer of retail business of KDDL to Company.
2009: Inaugurated retail shop at Indira Gandhi International Airport, New Delhi.
2010: Amalgamation of Mahen Boutiques Limited into Kamla Retail Limited.
2011: Ethos launched “Ethos Westminster”- Its first clock boutique in India at UB City, Bangalore, Karnataka.
2012: Change of name of Company from Kamla Retail Limited to Ethos Limited.
2018: Club Echo - 2 lakh members.
2019: Initiation of flagship store.
2020: Landmark of 50 stores within the country.
2021: Introduction of pre-owned watches in National Capital Territory of New Delhi.
2021: Initiation of dedicated service centre in National Capital Territory of New Delhi.