Ethos Ltd.

₹979 -1.5 | 0.1%

WEBSITE BSE:543532 NSE : ETHOSLTD 23 Mar, 16:01

Market Cap ₹2286 Cr.

Stock P/E 40.4

P/B 3.7

Current Price ₹979

Book Value ₹ 264.8

Face Value 10

52W High ₹1145.4

Dividend Yield 0%

52W Low ₹ 711.6

Edit Ratio

Ethos Ltd. Research see more...

Ethos Ltd

Overview Inc. Year: 2007Industry: Retailing

Ethos Ltd operates a series of watch boutiques. It sells watches and add-ons. The business enterprise additionally provides watch aftercare services, consisting of repair, healing, movement overhauling, ultrasonic cleaning, engraving, and alterations. It operates 50 shops in India and approximately 60 luxurious watch brands, as well as sells its products through on line. The organisation was established in 2003 and is based in Chandigarh, India. Ethos Ltd operates as a subsidiary of KDDL Ltd.

Quarterly Price

Quarterly Monthly

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Peer Comparison

Ethos Ltd. Quarterly Results

#(Fig in Cr.)	Mar 2022	Jun 2022	Sep 2022	Dec 2022
Net Sales	159	174	178	230
Other Income	2	2	4	4
Total Income	161	176	181	233
Total Expenditure	138	147	152	194
Operating Profit	23	29	30	40
Interest	5	4	3	3
Depreciation	8	8	8	9
Exceptional Income / Expenses	0	0	0	0
Profit Before Tax	10	17	18	28
Provision for Tax	3	4	5	7
Profit After Tax	8	13	14	21
Adjustments	0	0	0	0
Profit After Adjustments	8	13	14	21
Adjusted Earnings Per Share	4.1	5.5	5.8	8.8

Ethos Ltd. Profit & Loss

#(Fig in Cr.)	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	TTM
Net Sales	356	444	458	387	577	741
Other Income	2	2	3	16	13	12
Total Income	358	445	461	403	590	751
Total Expenditure	339	407	402	344	506	631
Operating Profit	19	38	59	59	84	122
Interest	10	11	24	20	21	15
Depreciation	4	5	33	33	32	33
Exceptional Income / Expenses	0	0	0	0	0	0
Profit Before Tax	5	22	2	7	32	73
Provision for Tax	1	8	3	2	8	19
Profit After Tax	4	13	-1	5	23	56
Adjustments	0	0	0	0	0	0
Profit After Adjustments	4	13	-1	5	23	56
Adjusted Earnings Per Share	2.5	7.9	-0.7	2.6	12.3	24.2

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	49%	9%	0%	0%
Operating Profit CAGR	42%	30%	0%	0%
PAT CAGR	360%	21%	0%	0%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	NA%	NA%	NA%	NA%
ROE Average	12%	5%	6%	6%
ROCE Average	21%	15%	15%	15%

Ethos Ltd. Balance Sheet

#(Fig in Cr.)	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022
Shareholder's Funds	92	134	150	157	232
Minority's Interest	0	0	0	0	0
Borrowings	11	16	16	17	28
Other Non-Current Liabilities	-1	-5	74	63	73
Total Current Liabilities	146	150	174	148	163
Total Liabilities	247	295	414	385	495
Fixed Assets	17	22	125	113	130
Other Non-Current Assets	20	22	13	16	29
Total Current Assets	210	251	276	257	336
Total Assets	247	295	414	385	495

Ethos Ltd. Cash Flow

#(Fig in Cr.)	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022
Opening Cash & Cash Equivalents	9	7	8	10	18
Cash Flow from Operating Activities	-1	-22	37	63	17
Cash Flow from Investing Activities	-12	-13	-15	-10	-24
Cash Flow from Financing Activities	11	35	-20	-45	27
Net Cash Inflow / Outflow	-2	0	2	8	19
Closing Cash & Cash Equivalent	7	8	10	18	38

Ethos Ltd. Ratios

#	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022
Earnings Per Share (Rs)	2.51	7.91	-0.73	2.61	12.26
CEPS(Rs)	5.07	10.78	17.27	20.47	28.77
DPS(Rs)	0	0	0	0	0
Book NAV/Share(Rs)	52.37	74.25	82.03	85.91	121.44
Core EBITDA Margin(%)	4.78	8.16	12.1	11.02	12.42
EBIT Margin(%)	4.13	7.42	5.63	6.89	9.18
Pre Tax Margin(%)	1.46	4.92	0.43	1.74	5.46
PAT Margin (%)	1.12	3.01	-0.29	1.23	4.05
Cash Profit Margin (%)	2.27	4.11	6.87	9.64	9.51
ROA(%)	1.62	4.93	-0.38	1.19	5.31
ROE(%)	4.79	12.8	-0.97	3.11	12.05
ROCE(%)	9.5	17.98	11.81	12.26	21.2
Receivable days	6.62	6.33	7.29	10.18	5.49
Inventory Days	175.31	154.96	169.07	196.56	141.54
Payable days	104	84.4	78.23	93.58	69.04
PER(x)	0	0	0	0	0
Price/Book(x)	0	0	0	0	0
Dividend Yield(%)	0	0	0	0	0
EV/Net Sales(x)	0.22	0.21	0.18	0.13	0.07
EV/Core EBITDA(x)	4.23	2.48	1.42	0.84	0.46
Net Sales Growth(%)	0	24.55	3.23	-15.57	49.33
EBIT Growth(%)	0	123.5	-21.65	3.33	99.03
PAT Growth(%)	0	234.71	-109.98	456.61	391.63
EPS Growth(%)	0	215.04	-109.26	456.61	369.33
Debt/Equity(x)	0.7	0.58	0.51	0.33	0.26
Current Ratio(x)	1.44	1.68	1.58	1.73	2.06
Quick Ratio(x)	0.27	0.31	0.33	0.4	0.53
Interest Cover(x)	1.55	2.97	1.08	1.34	2.47
Total Debt/Mcap(x)	0	0	0	0	0

Ethos Ltd. Shareholding Pattern

#	Aug 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Sep 2019	Mar 2020	Jun 2022	Sep 2022	Dec 2022
Promoter	87.82	79.13	100	100	100	80.4	78.67	65.16	65.16	64.68
FII	0	0	0	0	0	0	0	7.47	7.61	7.49
DII	0	0	0	0	0	0	0	6.95	7.45	9.31
Public	12.18	20.87	0	0	0	19.6	21.33	20.42	19.79	18.52
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Aug 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Sep 2019	Mar 2020	Jun 2022	Sep 2022	Dec 2022
Promoter	1.01	0.91	1.24	1.32	1.59	1.36	1.43	1.52	1.52	1.51
FII	0	0	0	0	0	0	0	0.17	0.18	0.17
DII	0	0	0	0	0	0	0	0.16	0.17	0.22
Public	0.14	0.24	0	0	0	0.33	0.39	0.48	0.46	0.43
Others	0	0	0	0	0	0	0	0	0	0
Total	1.15	1.15	1.24	1.32	1.59	1.69	1.82	2.33	2.33	2.33