Ethos Limited

BSE: 543532
Ethos Limited - consumer goods in Parwanoo, Himachal Pradesh, India. FY 2026 financials and compliance.
CIN L52300HP2007PLC030800 Incorporated 05 November 2007 ROC Himachal Pradesh HQ Parwanoo, Himachal Pradesh, India
Active Listed - BSE: 543532 Public Limited Company consumer goods
Data last updated
Revenue · FY 2026
₹1,612.24 Cr
▲ 28.81% YoY
EBITDA · FY 2026
₹253.94 Cr
▲ 18.46% YoY
Net profit · FY 2026
₹96.14 Cr
▼ 0.15% YoY
Authorised capital
₹61.4 Cr
Registered with MCA
Paid-up capital
₹26.76 Cr
Issued & subscribed
Open charges
₹20 Cr
Satisfied ₹232.94 Cr
Company age
19 yrs
Est. 2007
Employees · EPFO
830
Latest available

About Ethos Limited

Data last updated: 13 March 2026

Ethos Limited is a public limited company based in Parwanoo, Himachal Pradesh, India, a subsidiary of Kddl Limited and recognised as a startup by DPIIT. It specialises in accessories retail and distribution, a part of the broader consumer goods sector. Incorporated on 05 November 2007, the company has been in operation for over 19 years.

Registered with ROC Himachal Pradesh under CIN L52300HP2007PLC030800. Listed on BSE: 543532.

Capital: an authorised share capital of ₹61.4 Cr and a paid-up capital of ₹26.76 Cr. Formerly known as Kamla Retail Limited. It is led by directors including Dilpreet Singh and Munisha Gandhi.

Last AGM: 15 September 2025. Financial statements filed for year ended 31 March 2025. Office: Plot No. 3 Sector – Iii, Parwanoo, Himachal Pradesh, India – 173220.

As per the financials filed for FY 2025, the company reported a revenue of ₹1,275.93 Cr, a growth of 25% compared to the previous year.

The company has a workforce of approximately 830 employees as per the latest available data. It operates as a subsidiary of Kddl Limited. Its group structure includes 1 subsidiary and 1 joint venture.

The company is associated with 1 brand - Ethos Watch. As per MCA filings, the company has open charges of ₹20 Cr and satisfied charges of ₹232.94 Cr on record.

The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website ethoswatches.com.

Company Details of Ethos Limited
CIN L52300HP2007PLC030800
Registration Number 030800
Incorporation Date 05 November 2007
ROC Himachal Pradesh
Listing Status Listed (BSE: 543532)
Company Status Active
Date of Last AGM 15 September 2025
Date of Balance Sheet 31 March 2025
Parent Company Kddl Limited
Compliance Status Active Compliant
DPIIT Recognition Recognised Startup
Key People
Pranav Shankar Saboo Ceo Yashovardhan Saboo Managing Director Mukul Krishan Khanna Whole-Time Director
Contact Details
  • Email
    *****@*****.com
  • Telephone
    +91-****-******
  • Website
    ethoswatches.com
  • Social Media
  • Registered Address
    Plot No. 3 Sector – Iii, Parwanoo, Himachal Pradesh, India – 173220
  • Industry
    Consumer Goods, Accessories Retail & Distribution
Company report
Ethos Limited - full intelligence report
  • Historical Financials and ratios
  • Shareholding pattern and group structure
  • Charges with holder and property details
  • Litigation, compliance and MCA filings
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Financials, compliance, directors, charges, ownership and filings for Ethos Limited in one report.

10-year financials Directors & ownership Charges & compliance

CIN History of Ethos Limited

Ethos Limited has one previous CIN (Corporate Identification Number): U52300HP2007PLC030800. The current CIN is L52300HP2007PLC030800, which is the unique identifier assigned by the Registrar of Companies.

CIN Status
L52300HP2007PLC030800 Current
U52300HP2007PLC030800 Previous

Associated Brands with Ethos Limited

Ethos Limited operates one associated brand: Ethos Watch. These brands represent Ethos Limited's diversified market presence and brand portfolio.

Brand Description Website
Ethos Watch
Luxury watches are retailed via stores and online channels. ethoswatches.com

Business Activity of Ethos Limited

Ethos Limited is engaged in the principal business activity of trade, with detailed activities including retail trading.

Main Activity Group Code Description of Main Activity Business Activity Code Description of Business Activity Turnover Percentage
G Trade G2 Retail Trading *********

Auditor Details of Ethos Limited

Ethos Limited is audited by M/s Walker Chandiok & Co. LLP (ICAI peer reviewed, certificate valid till 2028-05-31) for the financial year 2026, as reported in its NSE exchange filings. The statutory auditor is responsible for expressing an independent opinion on whether the financial statements present a true and fair view in accordance with applicable accounting standards.

Name Financial year Audit opinion
M/s Walker Chandiok & Co. LLP (ICAI peer reviewed, certificate valid till 2028-05-31) FY 2026 Declaration of unmodified opinion

Board of Directors of Ethos Limited

Ethos Limited is currently managed by 10 directors, with 24 former directors having served the organization. The current Directors play a crucial role in shaping the company's strategic direction and governance.

Current Directors
Name Designation Appointment Date Tenure Status
Dilpreet Singh
Also directs: Ethos Limited, Ds Health Enablers Llp, Talent Policy Enablers Llp
Director 09 Apr 2018 8 Years 2 Months Current
Munisha Gandhi
Also directs: Ethos Limited
Director 27 Sep 2022 3 Years 9 Months Current
Yashovardhan Saboo
Also directs: Saboo Ventures Llp, Cognition Digital Llp, Kddl Limited and 5 more
Managing Director 05 Nov 2007 18 Years 8 Months Current
Anil Khanna
Also directs: Ethos Limited
Director 05 Nov 2007 18 Years 8 Months Current
Charu Sharma
Also directs: Ethos Limited, Pro Sport Network Llp, Bid & Hammer Auctioneers Private Limited
Director 03 Nov 2022 3 Years 8 Months Current
Pranav Shankar Saboo
Also directs: Cognition Digital Llp, Ethos Limited, Dream Digital Technology Private Limited and 3 more
Ceo 01 Apr 2018 8 Years 3 Months Current
Showing 6 of 10 current directors. View all directors

Financials of Ethos Limited FY 2026 filings available

Ethos Limited reported revenue of ₹1,612.24 Cr (up 28.81% YoY) for FY 2026. Profit growth despite declining revenue indicates effective cost management and margin discipline.

Revenue · FY 2026
₹1,612.24 Cr ▲ 28.81%
Profit · FY 2026
₹96.14 Cr ▼ 0.15%
EBITDA · FY 2026
₹253.94 Cr ▲ 18.46%
Revenue₹ Cr · Consolidated01,0002,000FY 2022: ₹577 Cr577FY 2022FY 2023: ₹789 Cr · +36.6% YoY789+36.6%FY 2023FY 2024: ₹999 Cr · +26.7% YoY999+26.7%FY 2024FY 2025: ₹1,252 Cr · +25.3% YoY1,252+25.3%FY 2025FY 2026: ₹1,612 Cr · +28.8% YoY1,612+28.8%FY 2026
Net Profit₹ Cr · Consolidated050100FY 2022: ₹23 Cr23.4FY 2022FY 2023: ₹60 Cr · +157.8% YoY60.3+157.8%FY 2023FY 2024: ₹83 Cr · +38.1% YoY83.3+38.1%FY 2024FY 2025: ₹96 Cr · +15.6% YoY96.3+15.6%FY 2025FY 2026: ₹96 Cr · -0.2% YoY96.1-0.2%FY 2026
Quarterly Revenue₹ Cr · vs same quarter last year0200400600Q1'25: ₹273 Cr · +31.6% YoY273+31.6%Q1'25Q2'25: ₹297 Cr · +29.2% YoY297+29.2%Q2'25Q3'25: ₹370 Cr · +57.3% YoY370+57.3%Q3'25Q4'25: ₹311 Cr · +23.3% YoY311+23.3%Q4'25Q1'26: ₹346 Cr · +26.7% YoY346+26.7%Q1'26Q2'26: ₹383 Cr · +29% YoY383+29%Q2'26Q3'26: ₹469 Cr · +26.7% YoY469+26.7%Q3'26Q4'26: ₹414 Cr · +33% YoY414+33%Q4'26
Metrics FY 2026 FY 2025 FY 2024 FY 2023 FY 2022
Revenue from Operations ₹1,612.24 Cr ₹1,251.63 Cr ₹998.99 Cr ₹788.53 Cr ₹577.28 Cr
Other Income ₹46.17 Cr ₹24.3 Cr ₹23.62 Cr ₹14.56 Cr ₹12.78 Cr
Total Income ₹1,658.41 Cr ₹1,275.93 Cr ₹1,022.61 Cr ₹803.09 Cr ₹590.06 Cr
Cost of Materials Consumed ₹0 ₹0 ₹0 ₹0 ₹0
Purchases of Stock-in-Trade ₹1,248.04 Cr ₹1,029.66 Cr ₹798.18 Cr ₹634.32 Cr ₹463.29 Cr
Changes in Inventories -₹102.82 Cr -₹152.98 Cr -₹99.82 Cr -₹89.94 Cr -₹52.16 Cr
Employee Benefit Expense ₹117.32 Cr ₹85.34 Cr ₹70.36 Cr ₹52.68 Cr ₹42.38 Cr
Finance Costs ₹27.22 Cr ₹19.44 Cr ₹16.02 Cr ₹14.16 Cr ₹16.67 Cr
Depreciation & Amortisation ₹89.46 Cr ₹63 Cr ₹48.67 Cr ₹34.63 Cr ₹31.51 Cr
Other Expenses ₹141.93 Cr ₹99.54 Cr ₹78.55 Cr ₹77.06 Cr ₹56.87 Cr
Total Expenses ₹1,521.15 Cr ₹1,144 Cr ₹911.97 Cr ₹722.91 Cr ₹558.56 Cr
Profit Before Exceptional Items & Tax ₹137.25 Cr ₹131.93 Cr ₹110.64 Cr ₹80.18 Cr ₹31.5 Cr
Exceptional Items -₹1.82 Cr ₹0 ₹0 ₹0 ₹0
Profit Before Tax ₹135.43 Cr ₹131.93 Cr ₹110.64 Cr ₹80.18 Cr ₹31.5 Cr
Total Tax Expense ₹34.71 Cr ₹33.78 Cr ₹28.02 Cr ₹20.38 Cr ₹8.14 Cr
Net Profit ₹96.14 Cr ₹96.29 Cr ₹83.29 Cr ₹60.3 Cr ₹23.39 Cr
  attributable to Owners ₹94.77 Cr ₹0 ₹0 ₹0 -
  attributable to NCI ₹1.37 Cr ₹0 ₹0 ₹0 -
Other Comprehensive Income ₹4.74 Cr ₹1.94 Cr -₹42.05 Lakh -₹29.6 Lakh ₹1.24 Lakh
Total Comprehensive Income ₹100.87 Cr ₹98.23 Cr ₹82.87 Cr ₹60 Cr ₹23.4 Cr
EBITDA (computed) ₹253.94 Cr ₹214.37 Cr ₹175.33 Cr ₹128.97 Cr ₹79.68 Cr
Basic EPS ₹36.21 ₹39.33 ₹34.98 ₹0.00 ₹0.00
Diluted EPS ₹36.21 ₹39.33 ₹34.98 ₹0.00 ₹0.00
Metrics FY 2026 FY 2025 FY 2024 FY 2023
Total Assets ₹2,197.19 Cr ₹1,409.65 Cr ₹1,170.64 Cr ₹879.7 Cr
Non-current Assets ₹708.51 Cr ₹519.12 Cr ₹306.59 Cr ₹241.17 Cr
Current Assets ₹1,488.68 Cr ₹890.52 Cr ₹864.05 Cr ₹638.53 Cr
Property, Plant & Equipment ₹172.17 Cr ₹97.77 Cr ₹63.24 Cr ₹52.84 Cr
Inventories ₹695.49 Cr ₹592.67 Cr ₹439.69 Cr ₹339.87 Cr
Trade Receivables ₹17.5 Cr ₹18.26 Cr ₹15.57 Cr ₹6.18 Cr
Cash & Equivalents ₹144.08 Cr ₹28.48 Cr ₹60.58 Cr ₹27.89 Cr
Equity (Net Worth) ₹1,664.38 Cr ₹982.2 Cr ₹883.97 Cr ₹631.5 Cr
Equity Share Capital ₹26.76 Cr ₹24.48 Cr ₹24.48 Cr ₹23.35 Cr
Borrowings (Non-current) ₹6.79 Lakh ₹12.55 Lakh ₹2.06 Cr ₹7.12 Cr
Borrowings (Current) ₹5.76 Lakh ₹43.63 Cr ₹4.64 Cr ₹87.25 Lakh
Total Debt (computed) ₹12.55 Lakh ₹43.75 Cr ₹6.7 Cr ₹7.99 Cr
Current Liabilities ₹265.02 Cr ₹179.47 Cr ₹170.77 Cr ₹149.52 Cr
Total Liabilities ₹532.81 Cr ₹427.45 Cr ₹286.67 Cr ₹248.2 Cr
The balance sheet became part of the exchange results-filing format in FY2023 - earlier years were not filed and are hidden.
Metrics FY 2026 FY 2025 FY 2024 FY 2023 FY 2022
Operating Cash Flow ₹89.6 Cr -₹20.29 Cr ₹30.81 Cr -₹2.15 Cr ₹16.65 Cr
Investing Cash Flow -₹475.52 Cr ₹46.59 Cr -₹122.8 Cr -₹256.21 Cr -₹23.78 Cr
Financing Cash Flow ₹501.52 Cr -₹58.4 Cr ₹124.68 Cr ₹248.56 Cr ₹26.5 Cr
Capital Expenditure ₹71.27 Cr ₹79.33 Cr ₹39.45 Cr ₹56.64 Cr ₹23.73 Cr
Free Cash Flow (computed) ₹18.33 Cr -₹99.62 Cr -₹8.63 Cr -₹58.78 Cr -₹7.09 Cr
Dividends Paid ₹0 ₹0 ₹15.48 Cr ₹0 ₹0
Net Change in Cash ₹115.6 Cr -₹32.1 Cr ₹32.69 Cr -₹9.79 Cr ₹19.38 Cr
Metrics Q4 FY26 Q3 FY26 Q2 FY26 Q1 FY26 Q4 FY25 Q3 FY25 Q2 FY25 Q1 FY25 Q4 FY24 Q2 FY24 Q1 FY24 Q4 FY23
Revenue from Operations ₹414.01 Cr ₹468.52 Cr ₹383.39 Cr ₹346.32 Cr ₹311.32 Cr ₹369.93 Cr ₹297.13 Cr ₹273.25 Cr ₹252.52 Cr ₹235.22 Cr ₹230.02 Cr ₹207.57 Cr
Other Income ₹13.26 Cr ₹15.51 Cr ₹11.56 Cr ₹5.84 Cr ₹6.03 Cr ₹5.75 Cr ₹6.13 Cr ₹6.39 Cr ₹8.42 Cr ₹4.27 Cr ₹4.69 Cr ₹5.01 Cr
Total Income ₹427.27 Cr ₹484.03 Cr ₹394.95 Cr ₹352.15 Cr ₹317.35 Cr ₹375.68 Cr ₹303.26 Cr ₹279.64 Cr ₹260.95 Cr ₹239.49 Cr ₹234.71 Cr ₹212.58 Cr
Cost of Materials Consumed ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Purchases of Stock-in-Trade ₹294.07 Cr ₹365.25 Cr ₹318.44 Cr ₹270.28 Cr ₹216.12 Cr ₹311.49 Cr ₹276.27 Cr ₹225.78 Cr ₹187.49 Cr ₹194.32 Cr ₹192.43 Cr ₹163.95 Cr
Changes in Inventories -₹1.44 Cr -₹32.27 Cr -₹46.08 Cr -₹23.03 Cr -₹1.37 Cr -₹49.35 Cr -₹68.79 Cr -₹33.47 Cr -₹8.61 Cr -₹32.49 Cr -₹32.24 Cr -₹17.31 Cr
Employee Benefit Expense ₹31.51 Cr ₹33.86 Cr ₹28.17 Cr ₹23.78 Cr ₹21.32 Cr ₹24.35 Cr ₹20.66 Cr ₹19.01 Cr ₹19.39 Cr ₹17.25 Cr ₹17.37 Cr ₹15.03 Cr
Finance Costs ₹7.38 Cr ₹7.59 Cr ₹6.55 Cr ₹5.71 Cr ₹5.2 Cr ₹5.17 Cr ₹4.55 Cr ₹4.53 Cr ₹4.04 Cr ₹4.14 Cr ₹3.8 Cr ₹3.48 Cr
Depreciation & Amortisation ₹24.66 Cr ₹24.81 Cr ₹20.97 Cr ₹19.02 Cr ₹16.94 Cr ₹16.75 Cr ₹15 Cr ₹14.32 Cr ₹12.73 Cr ₹12.7 Cr ₹10.73 Cr ₹9.47 Cr
Other Expenses ₹38.52 Cr ₹40.28 Cr ₹33.95 Cr ₹29.17 Cr ₹27.64 Cr ₹26.42 Cr ₹26.84 Cr ₹18.65 Cr ₹18.27 Cr ₹18.87 Cr ₹18.54 Cr ₹20.41 Cr
Total Expenses ₹394.71 Cr ₹439.52 Cr ₹362 Cr ₹324.93 Cr ₹285.84 Cr ₹334.82 Cr ₹274.53 Cr ₹248.82 Cr ₹233.31 Cr ₹214.79 Cr ₹210.63 Cr ₹195.03 Cr
Profit Before Exceptional Items & Tax ₹32.57 Cr ₹44.5 Cr ₹32.96 Cr ₹27.23 Cr ₹31.51 Cr ₹40.86 Cr ₹28.73 Cr ₹30.83 Cr ₹27.64 Cr ₹24.7 Cr ₹24.08 Cr ₹17.55 Cr
Exceptional Items ₹0 -₹1.82 Cr ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Profit Before Tax ₹32.57 Cr ₹42.68 Cr ₹32.96 Cr ₹27.23 Cr ₹31.51 Cr ₹40.86 Cr ₹28.73 Cr ₹30.83 Cr ₹27.64 Cr ₹24.7 Cr ₹24.08 Cr ₹17.55 Cr
Total Tax Expense ₹8.15 Cr ₹11.52 Cr ₹7.95 Cr ₹7.1 Cr ₹7.4 Cr ₹11.13 Cr ₹7.39 Cr ₹7.87 Cr ₹6.71 Cr ₹6.33 Cr ₹6.14 Cr ₹4.47 Cr
Net Profit ₹22.76 Cr ₹30.57 Cr ₹23.79 Cr ₹19.02 Cr ₹22.75 Cr ₹29.49 Cr ₹21.25 Cr ₹22.8 Cr ₹21.03 Cr ₹18.59 Cr ₹18.16 Cr ₹13.28 Cr
  attributable to Owners ₹22 Cr ₹30.43 Cr ₹0 ₹0 ₹0 ₹29.49 Cr ₹21.25 Cr ₹0 ₹0 ₹18.59 Cr - ₹0
  attributable to NCI ₹75.86 Lakh ₹13.86 Lakh ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 - ₹0
Other Comprehensive Income ₹1.05 Cr ₹37.3 Lakh ₹60.7 Lakh ₹2.7 Cr ₹1.94 Cr ₹0 ₹0 ₹0 -₹1.93 Cr -₹21.5 Lakh ₹6.61 Lakh -₹29.6 Lakh
Total Comprehensive Income ₹23.81 Cr ₹30.94 Cr ₹24.4 Cr ₹21.72 Cr ₹24.69 Cr ₹29.49 Cr ₹21.25 Cr ₹22.8 Cr ₹19.1 Cr ₹18.38 Cr ₹18.22 Cr ₹12.99 Cr
EBITDA (computed) ₹64.61 Cr ₹76.91 Cr ₹60.47 Cr ₹51.95 Cr ₹53.64 Cr ₹62.77 Cr ₹48.28 Cr ₹49.68 Cr ₹44.4 Cr ₹41.54 Cr ₹38.61 Cr ₹30.5 Cr
Basic EPS ₹8.20 ₹11.46 ₹8.78 ₹7.77 ₹9.29 ₹12.05 ₹8.68 ₹9.32 ₹8.83 ₹7.96 ₹7.78 ₹0.00
Diluted EPS ₹8.20 ₹11.46 ₹8.78 ₹7.77 ₹9.29 ₹12.05 ₹8.68 ₹9.32 ₹8.83 ₹7.96 ₹7.78 ₹0.00
Latest 12 quarters shown of 14 on record.
Segment · FY 2022 (annual) Revenue Result (PBIT) Assets Liabilities
Luxury cars ₹1.09 Cr ₹0 - -
Marketing Support and other Services ₹3.66 Cr ₹1.02 Cr - -
Watch and Watch Accessories ₹576.19 Cr ₹45.14 Cr - -
Metrics FY 2026 FY 2025 FY 2024 FY 2023 FY 2022
Revenue from Operations ₹1,612.6 Cr ₹1,251.63 Cr ₹997.93 Cr ₹788.53 Cr ₹577.28 Cr
Other Income ₹40.52 Cr ₹24.89 Cr ₹22.17 Cr ₹15.2 Cr ₹13.48 Cr
Total Income ₹1,653.12 Cr ₹1,276.51 Cr ₹1,020.09 Cr ₹803.73 Cr ₹590.76 Cr
Cost of Materials Consumed ₹0 ₹0 ₹0 ₹0 ₹0
Purchases of Stock-in-Trade ₹1,243.23 Cr ₹1,029.66 Cr ₹797.64 Cr ₹634.32 Cr ₹463.29 Cr
Changes in Inventories -₹87.95 Cr -₹152.98 Cr -₹99.82 Cr -₹89.94 Cr -₹52.16 Cr
Employee Benefit Expense ₹113.93 Cr ₹84.07 Cr ₹68.56 Cr ₹50.94 Cr ₹40.75 Cr
Finance Costs ₹26.55 Cr ₹19.4 Cr ₹15.97 Cr ₹14.14 Cr ₹16.65 Cr
Depreciation & Amortisation ₹86.75 Cr ₹62.91 Cr ₹48.07 Cr ₹34.53 Cr ₹31.41 Cr
Other Expenses ₹141.42 Cr ₹101.9 Cr ₹81.09 Cr ₹79.97 Cr ₹59.62 Cr
Total Expenses ₹1,523.93 Cr ₹1,144.96 Cr ₹911.51 Cr ₹723.96 Cr ₹559.56 Cr
Profit Before Exceptional Items & Tax ₹129.19 Cr ₹131.55 Cr ₹108.58 Cr ₹79.77 Cr ₹31.21 Cr
Exceptional Items -₹1.72 Cr ₹0 ₹0 ₹0 ₹0
Profit Before Tax ₹127.47 Cr ₹131.55 Cr ₹108.58 Cr ₹79.77 Cr ₹31.21 Cr
Total Tax Expense ₹32.55 Cr ₹33.3 Cr ₹27.29 Cr ₹19.97 Cr ₹7.84 Cr
Net Profit ₹94.92 Cr ₹98.25 Cr ₹81.29 Cr ₹59.8 Cr ₹23.36 Cr
Other Comprehensive Income ₹24.09 Lakh -₹13.39 Lakh -₹10.08 Lakh -₹16.91 Lakh ₹1.34 Lakh
Total Comprehensive Income ₹95.16 Cr ₹98.12 Cr ₹81.19 Cr ₹59.63 Cr ₹23.38 Cr
EBITDA (computed) ₹242.49 Cr ₹213.87 Cr ₹172.61 Cr ₹128.43 Cr ₹79.26 Cr
Basic EPS ₹36.27 ₹40.14 ₹34.14 ₹0.00 ₹12.67
Diluted EPS ₹36.27 ₹40.14 ₹34.14 ₹0.00 ₹12.67
Metrics FY 2026 FY 2025 FY 2024 FY 2023
Total Assets ₹1,996.49 Cr ₹1,396.11 Cr ₹1,170.38 Cr ₹880.34 Cr
Non-current Assets ₹590.19 Cr ₹513.31 Cr ₹310.59 Cr ₹245.85 Cr
Current Assets ₹1,406.3 Cr ₹882.8 Cr ₹859.79 Cr ₹634.49 Cr
Property, Plant & Equipment ₹156.31 Cr ₹97.21 Cr ₹62.59 Cr ₹52.78 Cr
Inventories ₹680.62 Cr ₹592.67 Cr ₹439.69 Cr ₹339.87 Cr
Trade Receivables ₹17.36 Cr ₹18.26 Cr ₹15.57 Cr ₹6.18 Cr
Cash & Equivalents ₹84.24 Cr ₹24.91 Cr ₹59.42 Cr ₹27.01 Cr
Equity (Net Worth) ₹1,481.47 Cr ₹980.08 Cr ₹881.96 Cr ₹631.18 Cr
Equity Share Capital ₹26.76 Cr ₹24.48 Cr ₹24.48 Cr ₹23.35 Cr
Borrowings (Non-current) ₹0 ₹0 ₹1.88 Cr ₹7.12 Cr
Borrowings (Current) ₹0 ₹42.19 Cr ₹31.9 Cr ₹87.25 Lakh
Total Debt (computed) ₹0 ₹42.19 Cr ₹33.78 Cr ₹7.99 Cr
Current Liabilities ₹256.52 Cr ₹177.72 Cr ₹172.76 Cr ₹150.55 Cr
Total Liabilities ₹515.03 Cr ₹416.02 Cr ₹288.41 Cr ₹249.16 Cr
The balance sheet became part of the exchange results-filing format in FY2023 - earlier years were not filed and are hidden.
Metrics FY 2026 FY 2025 FY 2024 FY 2023 FY 2022
Operating Cash Flow ₹102.48 Cr -₹20.74 Cr ₹31.09 Cr -₹4.8 Cr ₹16.86 Cr
Investing Cash Flow -₹372.15 Cr ₹44.55 Cr -₹123.18 Cr -₹254.05 Cr -₹23.25 Cr
Financing Cash Flow ₹329 Cr -₹58.31 Cr ₹124.5 Cr ₹248.59 Cr ₹26.53 Cr
Capital Expenditure ₹61.2 Cr ₹77.18 Cr ₹38.25 Cr ₹56.64 Cr ₹23.21 Cr
Free Cash Flow (computed) ₹41.27 Cr -₹97.93 Cr -₹7.17 Cr -₹61.43 Cr -₹6.35 Cr
Dividends Paid ₹0 ₹0 ₹0 ₹0 ₹0
Net Change in Cash ₹59.32 Cr -₹34.51 Cr ₹32.41 Cr -₹10.26 Cr ₹20.13 Cr
Metrics Q4 FY26 Q3 FY26 Q2 FY26 Q1 FY26 Q4 FY25 Q3 FY25 Q2 FY25 Q1 FY25 Q4 FY24 Q2 FY24 Q1 FY24 Q4 FY23
Revenue from Operations ₹402.92 Cr ₹470.86 Cr ₹392.5 Cr ₹346.32 Cr ₹311.32 Cr ₹369.93 Cr ₹297.13 Cr ₹273.25 Cr ₹252.51 Cr ₹234.19 Cr ₹230.02 Cr ₹207.57 Cr
Other Income ₹11.13 Cr ₹13.16 Cr ₹10.52 Cr ₹5.72 Cr ₹5.2 Cr ₹6.97 Cr ₹6.37 Cr ₹6.36 Cr ₹6.43 Cr ₹4.44 Cr ₹4.74 Cr ₹5.03 Cr
Total Income ₹414.05 Cr ₹484.01 Cr ₹403.02 Cr ₹352.04 Cr ₹316.51 Cr ₹376.9 Cr ₹303.5 Cr ₹279.6 Cr ₹258.94 Cr ₹238.63 Cr ₹234.76 Cr ₹212.61 Cr
Cost of Materials Consumed ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Purchases of Stock-in-Trade ₹289.08 Cr ₹365.43 Cr ₹318.44 Cr ₹270.28 Cr ₹216.12 Cr ₹311.49 Cr ₹276.27 Cr ₹225.78 Cr ₹188.16 Cr ₹193.8 Cr ₹192.43 Cr ₹163.95 Cr
Changes in Inventories -₹1.53 Cr -₹27.27 Cr -₹36.12 Cr -₹23.03 Cr -₹1.37 Cr -₹49.35 Cr -₹68.79 Cr -₹33.47 Cr -₹9.28 Cr -₹32.49 Cr -₹32.24 Cr -₹17.31 Cr
Employee Benefit Expense ₹30.11 Cr ₹32.45 Cr ₹27.88 Cr ₹23.5 Cr ₹21.1 Cr ₹24.07 Cr ₹20.36 Cr ₹18.54 Cr ₹18.97 Cr ₹16.79 Cr ₹16.89 Cr ₹14.61 Cr
Finance Costs ₹7.07 Cr ₹7.25 Cr ₹6.53 Cr ₹5.7 Cr ₹5.18 Cr ₹5.16 Cr ₹4.54 Cr ₹4.52 Cr ₹4.01 Cr ₹4.13 Cr ₹3.79 Cr ₹3.46 Cr
Depreciation & Amortisation ₹23.27 Cr ₹23.56 Cr ₹20.93 Cr ₹19 Cr ₹16.92 Cr ₹16.72 Cr ₹14.98 Cr ₹14.3 Cr ₹12.57 Cr ₹12.46 Cr ₹10.72 Cr ₹9.5 Cr
Other Expenses ₹38.16 Cr ₹39.7 Cr ₹34.37 Cr ₹29.19 Cr ₹26.59 Cr ₹28.62 Cr ₹27.57 Cr ₹19.12 Cr ₹19.12 Cr ₹19.29 Cr ₹19.11 Cr ₹20.93 Cr
Total Expenses ₹386.16 Cr ₹441.12 Cr ₹372.02 Cr ₹324.64 Cr ₹284.53 Cr ₹336.72 Cr ₹274.93 Cr ₹248.78 Cr ₹233.57 Cr ₹213.98 Cr ₹210.69 Cr ₹195.14 Cr
Profit Before Exceptional Items & Tax ₹27.9 Cr ₹42.9 Cr ₹30.99 Cr ₹27.4 Cr ₹31.98 Cr ₹40.18 Cr ₹28.57 Cr ₹30.82 Cr ₹25.37 Cr ₹24.65 Cr ₹24.07 Cr ₹17.47 Cr
Exceptional Items ₹0 -₹1.72 Cr ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0 ₹0
Profit Before Tax ₹27.9 Cr ₹41.18 Cr ₹30.99 Cr ₹27.4 Cr ₹31.98 Cr ₹40.18 Cr ₹28.57 Cr ₹30.82 Cr ₹25.37 Cr ₹24.65 Cr ₹24.07 Cr ₹17.47 Cr
Total Tax Expense ₹7.12 Cr ₹10.55 Cr ₹7.79 Cr ₹7.09 Cr ₹7.78 Cr ₹10.44 Cr ₹7.23 Cr ₹7.86 Cr ₹6.35 Cr ₹6.21 Cr ₹6.08 Cr ₹4.39 Cr
Net Profit ₹20.78 Cr ₹30.63 Cr ₹23.2 Cr ₹20.3 Cr ₹24.21 Cr ₹29.74 Cr ₹21.34 Cr ₹22.96 Cr ₹19.02 Cr ₹18.44 Cr ₹17.99 Cr ₹13.07 Cr
Other Comprehensive Income ₹21.89 Lakh ₹2.2 Lakh ₹0 ₹0 -₹13.39 Lakh ₹0 ₹0 ₹0 -₹10.08 Lakh ₹0 ₹0 -₹16.91 Lakh
Total Comprehensive Income ₹21 Cr ₹30.66 Cr ₹23.2 Cr ₹20.3 Cr ₹24.07 Cr ₹29.74 Cr ₹21.34 Cr ₹22.96 Cr ₹18.92 Cr ₹18.44 Cr ₹17.99 Cr ₹12.91 Cr
EBITDA (computed) ₹58.24 Cr ₹73.71 Cr ₹58.45 Cr ₹52.09 Cr ₹54.08 Cr ₹62.06 Cr ₹48.08 Cr ₹49.64 Cr ₹41.96 Cr ₹41.25 Cr ₹38.57 Cr ₹30.42 Cr
Basic EPS ₹7.73 ₹11.54 ₹9.09 ₹8.29 ₹9.89 ₹12.15 ₹8.72 ₹9.38 ₹7.94 ₹7.90 ₹7.70 ₹0.00
Diluted EPS ₹7.73 ₹11.54 ₹9.09 ₹8.29 ₹9.89 ₹12.15 ₹8.72 ₹9.38 ₹7.94 ₹7.90 ₹7.70 ₹0.00
Latest 12 quarters shown of 15 on record.
Segment · FY 2022 (annual) Revenue Result (PBIT) Assets Liabilities
Luxury cars ₹1.09 Cr ₹0 - -
Watch and Watch Accessories ₹576.19 Cr ₹45.12 Cr - -
Want more history and ratios?
You're viewing the latest exchange-filed financials for Ethos Limited. The full report adds 10+ years of line-item history, 20+ ratios, peer benchmarks and a downloadable PDF.
10+ years of history 20+ ratios & benchmarks Downloadable PDF

Shareholding Pattern of Ethos Limited

As per the shareholding pattern filed with NSE for the quarter ended Mar 2026, promoters hold 50.59%, foreign institutional investors hold 10.89%, domestic institutional investors hold 23.59%, retail and other public shareholders hold 14.94% of Ethos Limited. The company had 38,627 shareholders on record.

Promoters: 50.59%DII (Domestic Institutional): 23.59%FII (Foreign Institutional): 10.89%Retail & Others: 14.94%
Mar 2026
QUARTER
50.59% Promoters
23.59% DII (Domestic Institutional)
10.89% FII (Foreign Institutional)
14.94% Retail & Others
Promoter holding - history
Now 50.59% · Mar 2026High 65.16% · Jun 2022Low 50.58% · Mar 2025
49%53.5%58%62.5%67%May 2022Mar 2023Mar 2024Mar 2025Dec 2025May 2022: 64.92%Jun 2022: 65.16%Sep 2022: 65.16%Dec 2022: 64.68%Mar 2023: 64.68%Jun 2023: 63.82%Sep 2023: 63.82%Dec 2023: 57.89%Mar 2024: 55.72%Jun 2024: 54.71%Sep 2024: 51.21%Dec 2024: 50.79%Mar 2025: 50.58%Jun 2025: 50.58%Jul 2025: 50.59%Sep 2025: 50.59%Dec 2025: 50.59%Mar 2026: 50.59%65.16%50.58%50.59%
Shareholding trend - last 6 quarters
Mar 2026Dec 2025Sep 2025Jul 2025Jun 2025Mar 2025
Promoters50.59%50.59%50.59%50.59%50.58%50.58%
Public49.41%49.41%49.41%49.41%49.42%49.42%
Shareholding history - year on year (as at 31 March)
Mar 2026Mar 2025Mar 2024Mar 2023
Promoters50.59%50.58%55.72%64.68%
Public49.41%49.42%44.28%35.32%
Promoter change (YoY, %pts)+0.01-5.14-8.96-

Board & Governance of Ethos Limited

As per the corporate governance filing with NSE for the quarter ended 31-MAR-2026, the board of Ethos Limited has 8 directors - 5 independent and 3 executive. The board is chaired by YASHOVARDHAN SABOO.

DirectorPositionOn board sinceListed boards
YASHOVARDHAN SABOO Executive Director · MD · Chairperson 2007-11-05 2
ANIL KHANNA Non-Executive - Independent Director 2007-11-05 1
SUNDEEP KUMAR Non-Executive - Independent Director 2016-10-06 1
DILPREET SINGH Non-Executive - Independent Director 2018-04-09 1
MUNISHA GANDHI Non-Executive - Independent Director 2022-09-27 1
CHARU SHARMA Non-Executive - Independent Director 2022-11-03 1
PARNAV SHANKAR SABOO Executive Director · CEO-MD 2024-01-18 1
MUKUL KRISHNA KHANNA Executive Director 2025-02-14 1
Board Committees
CommitteeMembers
Audit Committee ANIL KHANNA (Chairperson), MUNISHA GANDHI, SUNDEEP KUMAR
Nomination and remuneration committee DILPREET SINGH (Chairperson), ANIL KHANNA, SUNDEEP KUMAR
Stakeholders Relationship Committee ANIL KHANNA (Chairperson), YASHOVARDHAN SABOO, PARNAV SHANKAR SABOO
Risk Management Committee SUNDEEP KUMAR (Chairperson), YASHOVARDHAN SABOO, PARNAV SHANKAR SABOO
Corporate Social Responsibility Committee YASHOVARDHAN SABOO (Chairperson), MUNISHA GANDHI, PARNAV SHANKAR SABOO

Group Structure of Ethos Limited

Ethos Limited has 1 subsidiary company and 1 joint venture. This group structure data is as of FY 2024. The corporate group structure reflects Ethos Limited's business expansion strategy and organizational complexity.

1
Subsidiary companies
1
Joint ventures
Key Subsidiaries
Company Name CIN Shares Held
Rf Brands Private Limited U47732HR2024PTC118558 -

Showing major subsidiaries. Total: 1.

Charges & Borrowings of Ethos Limited

Open charges
₹20 Cr
Satisfied charges
₹232.94 Cr
Breakdown by lending institutions
Others₹20.00 Cr
Latest charge details
DateLenderAmountStatus
27 Feb 2024 Others ₹20 Cr Open
15 Apr 2025 The Hongkong and Shanghai Banking Corporation Limited ₹15 Cr Satisfied
22 May 2024 Axis Bank Limited ₹30 Cr Satisfied
19 Apr 2024 Hdfc Bank Limited ₹30 Cr Satisfied
05 Mar 2024 Others ₹20 Cr Satisfied

Total charge records: 25 View all charges

Employees and EPFO Compliance at Ethos Limited

Ethos Limited has a workforce of 830 employees as of Nov 24, 2025.

Employee count
830
Active EPFO establishments
1
Employee growth
14.96%
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026

Employee Count & EPFO Data of Ethos Limited

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Monthly employee headcount & PF contributions
EPFO establishment details & ECR filing status
Year-wise workforce analytics & attrition trends
PF exemption, coverage & compliance verification

GST Compliance of Ethos Limited

XX%
Compliant
GSTR-1
GSTR-3B
GSTR-9
MH
KA
UP
TN
TS

GSTIN & GST Filing Data of Ethos Limited

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GSTIN registrations & state-wise presence
Filing compliance - GSTR-1, GSTR-3B, GSTR-9
HSN/SAC codes with goods & services details
Taxpayer type, jurisdiction & business constitution

Credit Ratings, Litigation & Regulatory Alerts for Ethos Limited

Credit rating
AAA
AA+
AA
AA-
! !
2015 2017 2019 2021 2023
Litigation
District Court 35
High Court 45
Supreme Court 0
NCLT / NCLAT 0
Pending
Disposed
Regulatory alerts
GSTIN Cancelled
Andhra Pradesh
GSTIN Cancelled
Telangana (on application)
EPFO Delay
12 months delay - Haryana
Violations via Directors
20 MCA + 19 Bank defaults

Credit Ratings, Legal Cases & Regulatory Alerts of Ethos Limited

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Credit rating history across CARE, ICRA, Brickwork & India Ratings
Instrument-wise ratings, outlook & action timeline
Court-wise litigation (District, High Court, Supreme Court, NCLT)
Group company & common directorship litigation
Statutory compliance alerts (GSTIN, EPFO, ROC)
Director & company violations (MCA, SEBI, Banks, BSE/NSE)

MSME Payment Delays by Ethos Limited

MSME Payment Delays by Ethos Limited

Track payments outstanding to micro and small enterprise vendors, as disclosed in half-yearly MSME-1 returns filed with the MCA.

Amounts outstanding to MSME suppliers
Delay periods & reasons for delayed payments
Half-yearly MSME-1 filing history
Vendor-payment behaviour as a counterparty risk signal

Subsidiaries & Group Companies of Ethos Limited

Subsidiaries & Group Companies of Ethos Limited

See the full corporate group - holding company, subsidiaries, associates and joint ventures of Ethos Limited with ownership details.

Holding & parent company details
Subsidiaries & step-down subsidiaries with % holding
Associates & joint ventures with partner details
Investments in other entities year-on-year

MCA Filings & Documents of Ethos Limited

MCA Filings & Documents of Ethos Limited

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Incorporation documents, MoA & AoA
Annual returns (MGT-7) & financial statements (AOC-4)
Charge filings (CHG-1, CHG-4) & resolutions
Complete document index with filing dates

Recent Activity on Ethos Limited

Charges
07 Feb 2026
A charge registered on 20 Feb 2024 via Charge ID 100880843 with State Bank Of India was fully satisfied on 07 Feb 2026.
Charges
03 Oct 2025
A charge registered on 15 Apr 2025 via Charge ID 101084881 with The Hongkong And Shanghai Banking Corporation Limited was fully satisfied on 03 Oct 2025.
Charges
30 Sep 2025
A charge registered on 19 Apr 2024 via Charge ID 100909519 with Hdfc Bank Limited was fully satisfied on 30 Sep 2025.
Charges
24 Sep 2025
A charge registered on 05 Mar 2024 via Charge ID 100892348 with Others was fully satisfied on 24 Sep 2025.
Activity
15 Sep 2025
Ethos Limited last Annual general meeting of members was held on 15 Sep 2025 as per latest MCA records.
Charges
23 Apr 2025
A charge with The Hongkong And Shanghai Banking Corporation Limited of Rs. 15.00 Cr registered on 15 Apr 2025 with Charge ID 101084881 was modified on 23 Apr 2025.

Recent News on Ethos Limited

Frequently Asked Questions about Ethos Limited

Ethos Limited is an active public limited company in the consumer goods sector based in Parwanoo, Himachal Pradesh, India. It was incorporated on 05 November 2007 (19+ years old) and is registered under CIN L52300HP2007PLC030800. Listed on BSE: 543532. The company has 830 employees.

Ethos Limited reported revenue of ₹1,275.93 Cr for FY 2025 (up 25.00% YoY).

The current directors of Ethos Limited are:

The primary industry of Ethos Limited is consumer goods. The company specifically operates in accessories retail and distribution. The company is currently active in this sector.

Yes. Ethos Limited is listed on BSE with code 543532.

Yes, Ethos Limited is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).

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Financials, directors, compliance, charges and shareholding - sourced from MCA, SEBI and RBI filings.

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