| ₹ crore | Q1 FY27 | Q1 FY26 | Change |
|---|---|---|---|
| Revenue | 462 | 346 | +33.3% |
| EBITDA | 61.5 | 46.1 | +33.4% |
| EBITDA margin | 13.3% | 13.3% | 0.0 pts |
| Profit before tax | 40.8 | 27.2 | +49.7% |
| Net profit | 28.7 | 19.0 | +50.7% |
| EPS | ₹10.51 | ₹7.77 | +35.3% |
Amounts on the left scale in ₹ crore; per cent on the right, dashed. L = lakh crore, K = thousand crore. Touch the chart to read any period.
| Tap a line for its trend | Currentlast 12M | FY26Mar 2026 | FY25Mar 2025 | FY24Mar 2024 | FY23Mar 2023 | FY22 and earlierAlpha Plus |
|---|
| 6,570 | — | — | — | — | FY22 and earlierEvery year the company has filed comes with Alpha Plus. | |
| 144 | 144 | 28.5 | 60.6 | 27.9 | ||
| 176 | 176 | 0.0 | 0.0 | 0.0 | ||
| 0.1 | 0.1 | 43.8 | 6.7 | 8.0 | ||
| 6,603 | — | — | — | — | ||
| 1,728 | 1,612 | 1,252 | 999 | 789 | ||
| — | +28.8% | +25.3% | +26.7% | — | ||
| 223 | 208 | 190 | 152 | 114 | ||
| 12.9% | 12.9% | 15.2% | 15.2% | 14.5% | ||
| 127 | 118 | 127 | 103 | 79.8 | ||
| 106 | 96.1 | 96.3 | 83.3 | 60.3 | ||
| 6.1% | 6.0% | 7.7% | 8.3% | 7.7% | ||
| ₹39.00 | ₹35.42 | ₹35.99 | ₹31.13 | ₹22.53 | ||
| — | −1.6% | +15.6% | +38.1% | — | ||
| — | 89.6 | −20.3 | 30.8 | −2.1 | ||
| — | −71.3 | −79.3 | −39.4 | −56.6 | ||
| 18.3 | 18.3 | −99.6 | −8.6 | −58.8 | ||
From the company's filings with NSE and BSE (Ind-AS), consolidated. For information only, not investment advice.
In ₹ Crore except Per Share 12 Months Ending | FY23 31/03/2023 | FY24 31/03/2024 | FY25 31/03/2025 | FY26 31/03/2026 | Current/LTM TTM · last close | |
|---|---|---|---|---|---|---|
| Market Capitalization | — | — | — | — | 6,570.4 | |
| - Cash, Equiv & ST Investments | 27.9 | 60.6 | 28.5 | 144.1 | 144.1 | |
| + Minority Interest | 0.0 | 0.0 | 0.0 | 176.5 | 176.5 | |
| + Total Debt | 8.0 | 6.7 | 43.8 | 0.1 | 0.1 | |
| Enterprise Value | — | — | — | — | 6,602.9 | |
| Revenue | 788.5 | 999.0 | 1,251.6 | 1,612.2 | 1,727.6 | |
| Growth %, YoY | — | +26.7 | +25.3 | +28.8 | — | |
| EBITDA | 114.4 | 151.7 | 190.1 | 207.8 | 223.2 | |
| Margin % | 14.51 | 15.19 | 15.19 | 12.89 | 12.92 | |
| EBIT | 79.8 | 103.0 | 127.1 | 118.3 | 126.7 | |
| Net Income | 60.3 | 83.3 | 96.3 | 96.1 | 105.8 | |
| Margin % | 7.65 | 8.34 | 7.69 | 5.96 | 6.12 | |
| EPS, Adj (current shares) | 22.53 | 31.13 | 35.99 | 35.42 | 39.00 | |
| Growth %, YoY | — | +38.1 | +15.6 | -1.6 | — | |
| Cash from Operations | -2.1 | 30.8 | -20.3 | 89.6 | — | |
| Capital Expenditures | -56.6 | -39.4 | -79.3 | -71.3 | — | |
| Free Cash Flow | -58.8 | -8.6 | -99.6 | 18.3 | 18.3 | |
Prices at the 29 October 2026 close · figures from the company's filings with NSE
Ethos (NSE: ETHOSLTD) had a market capitalisation of ₹6,726 crore at the 29 October 2026 close (₹2,513.60 a share), a PE ratio of 64.5 on the last four quarters' profit and a price-to-book ratio of 4.52. In FY26 its consolidated net profit attributable to shareholders was ₹94.8 crore on revenue of ₹1,612 crore; in Q1 FY27 (April–June 2026) it was ₹28.1 crore, up 47.9% year on year. Its debt-to-equity ratio was 0.00 on 31 March 2026. Promoters held 50.59% of the shares on 30 September 2026.
Ethos' PE ratio is 64.5 at the 29 October 2026 close (₹2,513.60 a share): a market capitalisation of ₹6,726 crore divided by consolidated net profit attributable to shareholders of ₹104 crore over the last four quarters (Q2 FY26 to Q1 FY27). On FY26 net profit attributable to shareholders (₹94.8 crore) it is 71.0.
Ethos' price-to-book (PB) ratio is 4.52 at the 29 October 2026 close: a market capitalisation of ₹6,726 crore divided by shareholders' equity (book value) of ₹1,488 crore on 31 March 2026. That is a book value of ₹556.07 per share against a share price of ₹2,513.60.
Ethos' net worth — shareholders' equity in its consolidated balance sheet — was ₹1,488 crore on 31 March 2026, up 51.5% from ₹982 crore a year earlier. Its market value is a different figure: a market capitalisation of ₹6,726 crore at the 29 October 2026 close.
Ethos' market capitalisation was ₹6,726 crore at the 29 October 2026 close: 2.68 crore shares at ₹2,513.60 each.
Ethos' debt-to-equity ratio was 0.00 on 31 March 2026: borrowings of ₹13 lakh against total equity of ₹1,664 crore. A year earlier, on 31 March 2025, it was 0.04.
Ethos' basic earnings per share (EPS) were ₹36.21 in FY26, against ₹39.33 in FY25. Over the last four quarters (Q2 FY26 to Q1 FY27) they add up to ₹38.95.
No. Ethos had borrowings of ₹13 lakh on 31 March 2026 (consolidated balance sheet), a debt-to-equity ratio of 0.00. Its cash and current investments were ₹662 crore, so it held net cash of ₹662 crore.
Promoters held 50.59% of Ethos on 30 September 2026, unchanged from both the previous quarter and a year earlier, according to the shareholding pattern filed with NSE.
In FY26, Ethos generated ₹89.6 crore of cash from operations and spent ₹71.3 crore on capital expenditure (property, plant, equipment and intangibles), leaving free cash flow of ₹18.3 crore. In FY25 it was −₹99.6 crore.
In FY26, Ethos' return on equity (ROE) was 7.7% and its return on capital employed (ROCE) was 7.5%. ROE is net profit attributable to shareholders divided by average shareholders' equity (the start and end of the year); ROCE is operating profit (EBIT) divided by average capital employed (total assets less current liabilities). In FY25, ROE was 10.3% and ROCE 11.4%.
On 30 September 2026, Ethos' shares were held by promoters 50.59%, foreign portfolio investors (FII/FPI) 8.85%, domestic institutions (DII) 25.80% (including mutual funds at 22.12%) and retail and other non-institutional investors 14.76%. Over the year, FII holding was down 4.44 percentage points from 13.29% and DII holding was up 5.84 percentage points from 19.96%.
On FY26 consolidated figures, against Titan, Eureka Forbes and Cera Sanitaryware: Ethos' operating margin of 7.3% is the lowest of the four (Titan 8.6%, Eureka Forbes 9.0%, Cera Sanitaryware 11.2%; peer average 9.6%); its return on equity of 7.7% is the third highest of the four (Titan 37.1%, Eureka Forbes 3.6%, Cera Sanitaryware 14.5%; peer average 18.4%).
Ethos' book value per share was ₹556.07 on 31 March 2026: shareholders' equity of ₹1,488 crore divided by the 2.68 crore shares in issue, up 38.6% from ₹401.22 a year earlier. The share price at the 29 October 2026 close was ₹2,513.60.
Ethos' latest results are for Q1 FY27 (April–June 2026), filed on 3 August 2026: consolidated net profit attributable to shareholders ₹28.1 crore, up 47.9% from ₹19 crore in Q1 FY26; revenue from operations ₹462 crore, up 33.3% year on year.
In FY26 (April 2025–March 2026), Ethos' consolidated net profit attributable to shareholders was ₹94.8 crore, down 1.6% from ₹96.3 crore in FY25, on revenue from operations of ₹1,612 crore (up 28.8%). Over three years, from FY23, net profit was up 57.2%.
Ethos has not yet announced the date of its Q2 FY27 results (July–September 2026); under SEBI's listing rules (Regulation 33) they are due by 14 November 2026.
At the 29 October 2026 closing prices, on FY26 net profit attributable to shareholders, Ethos' PE ratio is 71.0, the second highest of the four: Titan 77.6, Eureka Forbes 38.4 and Cera Sanitaryware 28.0, a peer average of 48.0. Each is the company's market capitalisation at that price divided by its FY26 net profit.
In FY26, Ethos earned net profit attributable to shareholders of ₹94.8 crore on revenue of ₹1,612 crore, against ₹5,073 crore on ₹87,584 crore for Titan. Ethos' operating margin was 7.3% (Titan 8.6%) and its return on equity 7.7% (Titan 37.1%). At the 29 October 2026 close, Ethos' market capitalisation was ₹6,726 crore against ₹3,93,651 crore for Titan, and its PE ratio on FY26 profit 71.0 against 77.6.
From Ethos' own consolidated results, balance sheets and shareholding patterns filed with NSE, and NSE prices (the latest used here: the 29 October 2026 close). Ratios are calculated by Alphave from those filings as each answer describes.
Consolidated figures from the company's filings with NSE; prices are NSE closing prices.