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The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
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The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
The BSE, founded in 1875, is Asia's oldest stock exchange — it started under a banyan tree on Dalal Street, where the bronze bull stands today.
Ethos Limited is an India-based luxury and premium watch retailer. The Company’s business consists of retail trading of premium and luxury watches, accessories and other luxury items and rendering of related after-sale services. Its portfolio consists of premium,…
Weekly engine runs — movement reflects the numbers, not analyst opinion.
A middling, steadily growing business, fully valued — but flagged on governance.
Ethos is scored on the consumer / fmcg framework. It keeps a slim 5.8% of every rupee of sales as net profit. Cash broadly tracks reported profit (CFO/PAT 0.93×). Free cash flow is worth about -5.4% of its market value.
Over the last 3 years revenue compounded at 27%/yr and profit at 17%/yr. Book value itself has compounded 38%/yr — the hallmark of a genuine compounder. Return on equity is a weak 6.4%. In the latest quarter profit grew 26% versus the prior quarter.
At 74× earnings, the stock sits at the 67th percentile of its own 3.6-year range — the middle of where it has historically traded. Today's price already implies ~26%/yr earnings growth sustained for a decade — a demanding bar. The forensic screen raises a red flag: Only ₹0.29 of cash per ₹1 profit over 4 years — earnings not converting to cash.
A plain-English restatement of the figures on this page — rules-based, for education and research context, not investment advice or a recommendation.
| Ratio | Company | Sector | Read |
|---|---|---|---|
| P/E | 67.75 | 14.7 | worse |
| P/B | 4.82 | 2.86 | worse |
| EV/EBITDA | 26.06 | — | — |
| ROE | 6.37 | — | — |
| ROCE | 8.71 | — | — |
| ROA | 4.81 | — | — |
| Quick Ratio | 2.99 | 2.1 | better |
| Peer | P/E | P/B | ROE |
|---|---|---|---|
| Avenue Supermarts | 71.7 | 8.6 | 11.9% |
| Trent | 85.9 | 21.1 | 24.4% |
| Vishal Mega Mart | 49.0 | 5.6 | 11.4% |
Revenue has grown every year across all 4 financial years shown. 27% CAGR over 3 years — high-growth territory. Growth is accelerating — latest year outpaced the prior year's rate.
Profit is on a 2-year growth streak. Revenue is outpacing profit (27% vs 17%) — costs are rising faster than the top line.
Operating margin has compressed from 10% to 8% — costs or competition are eating into profitability.
ROE at 6% — modest; the capital isn't working hard.
EPS dropped in the latest year despite possible profit changes — dilution or a profit dip could be at play. Profit grew faster than EPS (17% vs 11%) — share dilution is eroding per-share value. 11% EPS CAGR — this is the rate at which each share's claim on earnings is compounding.
2 of 4 years had negative operating cash flow — profitability on paper may not translate to cash. Raising capital despite positive cash flow — could signal expansion plans or opportunistic fundraising.
When operating cash keeps pace with reported profit, earnings are cash-backed; a persistent shortfall is a quality flag.
Revenue rose 11% sequentially — momentum is building.
Profit jumped 26% QoQ — check if this is operating leverage or a one-off item.
How today's P/E compares to the stock's own historical range. Dashed line = the 3.6y median.
Promoter holding at 50.6% — majority control intact. FIIs trimmed 3.8pp — foreign money is rotating out. MF holding up 3.5pp — domestic institutional discovery underway.
Produced by a rules-based engine over licensed exchange fundamentals — every sentence above is derived from the numbers shown, no analyst or AI opinion involved. Education and research context, not investment advice. We are not SEBI-registered as an Investment Adviser or Research Analyst.