	2019 Mar 31	2020 Mar 31	2021 Mar 31	2022 Mar 31	2023 Mar 31	2024 Mar 31	2025 Mar 31	2026 Mar 31

Period length: Source:	12M PR	12M PR	12M PR	12M AR	12M AR	12M AR	12M AR	12M PRESS
Total Revenue	444	458	387	577	789	999	1,252	1,612
Cost of Operating Revenue	341	362	313	443	579	747	943	1,235
Gross Profit	103	96	74	135	210	252	308	378
Gross Margin	23.1	21.0	19.0	23.3	26.6	25.2	24.6	23.4
Total Operating Expenses	411	436	378	540	706	895	1,121	1,494
Operating Profit	32	21	9	38	83	104	130	118
Operating Margin	7.3	4.7	2.3	6.5	10.5	10.4	10.4	7.3
Financing Income/(Expense) - Net	-16	-20	-16	-16	-5	1	1	-27
Profit before Taxes	16	2	8	32	81	111	130	131
Income Taxes	7	3	2	8	20	28	34	35
Profit after Tax	10	-1	6	23	60	83	96	95
PAT Margin	2.2	-0.3	1.5	4.1	7.6	8.3	7.7	5.9
EPS - Basic - ex Extraordinary Items	4.09	-0.55	2.39	12.26	25.65	33.78	37.99	35.69
EPS - Diluted - ex Extraordinary Items	4.09	-0.55	2.39	12.26	25.65	33.78	37.99	36.21
EBIT	32	21	9	38	83	104	130	118
EBITDA	58	54	40	69	117	153	193	208
EBITDA Margin	13.1	11.8	10.5	12.0	14.9	15.3	15.4	12.9

Balance Sheet

Abridged

Understanding Balance Sheet

Ethos Ltd. balance sheet covering assets, liabilities, equity and borrowings across annual and quarterly periods.

Consolidated

Standalone

Annual

Interim

	2019 Mar 31	2020 Mar 31	2021 Mar 31	2022 Mar 31	2023 Mar 31	2024 Mar 31	2025 Mar 31	2026 Mar 31

Source:	PR	PR	PR	AR	AR	AR	AR	PRESS
Total Current Assets	252	276	257	336	639	864	891	1,489
Long-Term Investments	-	0	-	0	10	10	3	142
Property Plant & Equipment - Net	94	125	114	129	160	196	389	462
Total Non-Current Assets	117	146	136	168	241	307	519	709
Total Assets	369	422	392	504	880	1,171	1,410	2,197
Total Current Liabilities	168	174	148	163	150	171	179	265
Long Term Debt	69	95	86	107	96	113	245	263
Total Non-Current Liabilities	71	98	88	109	99	116	248	268
Total Liabilities	239	272	236	273	248	287	427	533
Total Shareholders' Equity	130	150	156	232	631	884	982	1,488
Minority Interest	-	-	-	-	-	-	-	176
Total Equity	130	150	156	232	631	884	982	1,664
Total Liabilities & Equity	369	422	392	504	880	1,171	1,410	2,197

Cash Flow

Abridged

Understanding Cash Flow Statement

Ethos Ltd. cash flow statement covering operating, investing and financing activities across annual and quarterly periods.

Consolidated

Standalone

Annual

Interim

	2019 Mar 31	2020 Mar 31	2021 Mar 31	2022 Mar 31	2023 Mar 31	2024 Mar 31	2025 Mar 31	2026 Mar 31

Period length: Source:	12M PR	12M PR	12M PR	12M AR	12M AR	12M AR	12M AR	12M PRESS
Operating CF bef Changes in Working Cap	33.51	29.94	21.17	44.02	86.68	120.81	160.79	155.34
Working Capital - Increase/(Decrease)	-50.54	-11.68	26.00	-43.24	-96.95	-93.58	-177.70	-77.55
Net CF from Operating Activities	-17.03	18.26	47.17	0.79	-10.27	27.23	-16.92	77.79
Capital Expenditures - Net	12.97	13.48	9.45	23.54	55.55	31.56	73.38	70.27
Net CF from Investing Activities	-12.03	-14.73	-10.19	-24.40	-263.76	-134.70	23.45	-496.54
Stock - Issuance/(Retirement) - Net	29.18	21.00	-	47.60	339.69	175.00	-	590.46
Debt - LT & ST - Issuance/(Retirement) - Total	0.16	-22.27	-28.50	-4.61	-75.46	-29.44	-4.74	-46.96
Net Cash Flow from Financing Activities	29.34	-1.27	-28.50	42.98	264.23	140.16	-4.74	534.35
Free Cash Flow to Equity	-29.84	-17.48	9.22	-27.36	-141.27	-33.77	-95.04	-39.44
Free Operating CF net dividend	-30.01	4.00	37.57	-22.95	-66.90	-12.21	-96.25	6.52
Free Operating CF	-30.01	4.00	37.57	-22.95	-66.90	-12.21	-96.25	6.52

Business Segment Analysis

FY End:

Mar 25

Ethos Ltd. business segment breakdown covering revenue, operating income and assets across key divisions for the selected financial year.

Capex

Watch and Watch Accessories (100.0%)₹ 79.33 Cr

Revenue / Sales

Watch and Watch Accessories (100.0%)₹ 1,251.63 Cr

Assets

Watch and Watch Accessories (100.0%)₹ 1,409.64 Cr

Operating Income

Watch and Watch Accessories (100.0%)₹ 130.21 Cr

Regional Segment Analysis

FY End:

Mar 25

Ethos Ltd. geographic revenue split showing domestic and international market performance across revenue and income for the selected financial year.

Revenue / Sales

India (100.0%)₹ 1,251.63 Cr

Assets

India (100.0%)₹ 1,409.64 Cr

Historical Segment Analysis

Track how Ethos Ltd. segment contributions have evolved over multiple financial years to see which divisions are growing, shrinking or gaining strategic importance.

Capex

Sales

Assets

Operating Income

Business

Regional

Business

	2019 Mar 31	2020 Mar 31	2021 Mar 31	2022 Mar 31	2023 Mar 31	2024 Mar 31	2025 Mar 31

Watch and Watch Accessories	13	14	10	23	57	39	79
Marketing Support and other Services	0	0	0	1	-	-	-
Marketing Support and other Services	0	0	0	1	-	-	-

Frequently Asked Questions

What is the revenue of Ethos Ltd.?

The latest trailing twelve month revenue of Ethos Ltd. is ₹ 1,612.24 Cr, reflecting a 1-year growth of 28.81% and a 3-year CAGR of 26.92%. Annual and quarterly revenue trends are available in the Income Statement section.

What is the net profit of Ethos Ltd.?

The latest trailing twelve month net profit (PAT) of Ethos Ltd. is ₹ 94.77 Cr, with a 3-year earnings CAGR of 12.17%. Detailed profit history across annual and quarterly periods is in the Income Statement section.

What is the EBITDA of Ethos Ltd.?

The trailing twelve month EBITDA of Ethos Ltd. is approximately ₹ 118.31 Cr (based on an operating margin of 7.34%). EBITDA reflects core operating profitability before interest, taxes, depreciation and amortisation.

What is the EPS of Ethos Ltd.?

The trailing twelve month Earnings Per Share (EPS) of Ethos Ltd. is 36.21. EPS trends across annual and quarterly periods are visible in the Income Statement section.

What is the debt level of Ethos Ltd.?

The debt-to-equity ratio of Ethos Ltd. stands at 0.22. The interest coverage ratio is 4.35x, reflecting the company's ability to service debt from operating earnings. The full breakdown of total borrowings is in the Balance Sheet section.

What is the book value per share of Ethos Ltd.?

The estimated book value per share of Ethos Ltd. is 556.07 (derived from a P/B ratio of 4.41 and market price of ₹ 2,450.80), reflecting the net asset value attributable to each share. See the Balance Sheet section for a full breakdown.

What is the cash flow from operations of Ethos Ltd.?

The trailing twelve month operating cash flow of Ethos Ltd. is ₹ 77.79 Cr. Annual and quarterly cash flow data is available in the Cash Flow section of the Statements tab.

Does Ethos Ltd. report consolidated or standalone financials?

Ethos Ltd. reports consolidated financials. You can toggle between consolidated and standalone views using the switch at the top of each statement section.