|
06 Jun 2026 |
Ethos
|
Consensus Share Price Target
|
2367.10 |
2800.00 |
- |
18.29 |
buy
|
|
|
|
|
13 May 2026
|
Ethos
|
Emkay
|
2367.10
|
2800.00
|
2317.20
(2.15%)
|
18.29 |
Buy
|
|
|
We maintain BUY on Ethos, while trimming our TP by ~5% to Rs2,800 from Rs2,950 (26x Mar-28E EBITDA), as continued currency depreciation and negative operating leverage led to a ~4% EBITDA miss and ~300bps EBITDA margin dip in Q4.
|
|
13 May 2026
|
Ethos
|
Axis Direct
|
2367.10
|
2620.00
|
2317.20
(2.15%)
|
10.68 |
Buy
|
|
|
We maintain our BUY rating on the stock.
|
|
18 Mar 2026
|
Ethos
|
Emkay
|
2367.10
|
3200.00
|
2182.30
(8.47%)
|
35.19 |
Buy
|
|
|
We came out of Ethos’s investor summit with renewed confidence on the company’s 10x scale-up opportunity over the next decade; hence, we reiterate BUY.
|
|
10 Nov 2025
|
Ethos
|
Axis Direct
|
2367.10
|
3170.00
|
2781.50
(-14.90%)
|
Target met |
Buy
|
|
|
We maintain our BUY rating on the stock
|
|
18 Aug 2025
|
Ethos
|
Axis Direct
|
2367.10
|
3090.00
|
2648.60
(-10.63%)
|
Target met |
Buy
|
|
|
We maintain our BUY rating on the stock
|
|
17 May 2025
|
Ethos
|
Emkay
|
2367.10
|
3500.00
|
2725.70
(-13.16%)
|
Pre-Bonus/ Split |
Buy
|
|
|
We reiterate BUY on Ethos with revised TP of Rs3,500 (up ~6% on 3M rollover to Jun-26E; earnings/multiple unchanged).
|
|
06 May 2025
|
Ethos
|
Emkay
|
2367.10
|
3300.00
|
2476.40
(-4.41%)
|
Pre-Bonus/ Split |
Buy
|
|
|
Ethos’s Q4 EBITDA is in-line, with margin up by 80bps offsetting the 6% miss on revenue. Despite this, revenue growth was a decent 23%/25% in Q4/FY25, led by SSG of 17.4% in FY25 and by new store additions.
|
|
21 Feb 2025
|
Ethos
|
Hem Securities
|
2367.10
|
2993.00
|
2595.15
(-8.79%)
|
Target met |
Buy
|
|
|
|
|
17 Feb 2025
|
Ethos
|
Axis Direct
|
2367.10
|
3070.00
|
2461.55
(-3.84%)
|
Pre-Bonus/ Split |
Buy
|
|
|
We maintain our BUY rating on the stock
|
|
11 Nov 2024
|
Ethos
|
Axis Direct
|
2367.10
|
3450.00
|
2901.50
(-18.42%)
|
Pre-Bonus/ Split |
Buy
|
|
|
We maintain our BUY rating on the stock
|
|
09 Nov 2024
|
Ethos
|
Emkay
|
2367.10
|
3350.00
|
2831.75
(-16.41%)
|
Pre-Bonus/ Split |
Buy
|
|
|
Ethos’s Q2 EBITDA was ~13% lower than estimate, led by a 250bps margin miss on account of INR depreciation and growth investments (higher store addition).
|
|
15 Aug 2024
|
Ethos
|
Emkay
|
2367.10
|
3700.00
|
3139.30
(-24.60%)
|
Pre-Bonus/ Split |
Buy
|
|
|
Ethos delivered 4% better EBITDA led by strategic curtailing of marketing spends. Despite operating challenges across the entire retail spectrum, Ethos has outperformed with strong 19% revenue growth.
|
|
14 Aug 2024
|
Ethos
|
Monarch Networth Capital Limited
|
2367.10
|
3600.00
|
3139.30
(-24.60%)
|
Pre-Bonus/ Split |
Buy
|
|
|
|
|
14 May 2024
|
Ethos
|
Emkay
|
2367.10
|
2950.00
|
2410.90
(-1.82%)
|
Target met |
Buy
|
|
|
Ethos continued to outperform, with 22%/27% revenue growth in Q4/FY24. Advance investments in Employees (planned store roll-outs/new vertical) and Tech/App led to a ~140bps miss on EBITDA margin which should normalize in coming quarters.
|
|
14 May 2024
|
Ethos
|
Axis Direct
|
2367.10
|
2700.00
|
2410.90
(-1.82%)
|
Target met |
Buy
|
|
|
We maintain our BUY rating on the stock based on the company's bright future prospects. Our TP implies a 17% upside from the CMP.
|
|
07 May 2024
|
Ethos
|
Axis Direct
|
2367.10
|
2577.00
|
2258.85
(4.79%)
|
Target met |
Buy
|
|
|
We recommend a BUY rating on the stock with a near-term TP of Rs 2577/share, implying an upside of 10% from the CMP.
|
|
04 May 2024
|
Ethos
|
Axis Direct
|
2367.10
|
2577.00
|
2343.60
(1.00%)
|
Target met |
Buy
|
|
|
We recommend a BUY rating on the stock with a near-term TP of Rs 2577/share, implying an upside of 10% from the CMP.
|
|
10 Apr 2024
|
Ethos
|
Hem Securities
|
2367.10
|
2960.00
|
2504.20
(-5.47%)
|
Target met |
Buy
|
|
|
|
|
15 Feb 2024
|
Ethos
|
Axis Direct
|
2367.10
|
3100.00
|
2399.40
(-1.35%)
|
Target met |
Buy
|
|
|
Recommendation With a 30% upside from the CMP, we maintain our long-term BUY rating on the stock.
|
|
16 Jan 2024
|
Ethos
|
Axis Direct
|
2367.10
|
3050.00
|
2400.25
(-1.38%)
|
Target met |
Buy
|
|
|
We are thrilled to Initiate Coverage on Ethos Ltd. with a BUY rating. Our target price of Rs 3,050/share reflects an upside of 27% from the current market price.
|