Buy Ethos, target price Rs 2577: Axis Securities

Axis Securities has buy call on Ethos with a target price of Rs 2577. The current market price of Ethos Ltd. is Rs 2310.4.

Ethos Ltd., incorporated in the year 2007, is a Small Cap company (having a market cap of Rs 5734.67 Crore) operating in Retail sector.

Ethos Ltd. key Products/Revenue Segments include Watches and Sale of services for the year ending 31-Mar-2022.



Financials
For the quarter ended 31-12-2023, the company reported a Consolidated Total Income of Rs 287.46 Crore, up 20.03 % from last quarter Total Income of Rs 239.49 Crore and up 23.20 % from last year same quarter Total Income of Rs 233.34 Crore. Company reported net profit after tax of Rs 25.37 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 55.72 per cent stake in the company as of 31-Mar-2024, while FIIs owned 11.28 per cent, DIIs 13.08 per cent.