Buy Ethos, target price Rs 3600: Axis Securities

Axis Securities has buy call on Ethos with a target price of Rs 3600. The current market price of Ethos Ltd. is Rs 3164.6.

Ethos Ltd., incorporated in the year 2007, is a Small Cap company (having a market cap of Rs 7741.45 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 30-06-2024, the company reported a Consolidated Total Income of Rs 279.64 Crore, up 7.16 % from last quarter Total Income of Rs 260.95 Crore and up 19.15 % from last year same quarter Total Income of Rs 234.71 Crore. Company reported net profit after tax of Rs 22.96 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 54.71 per cent stake in the company as of 30-Jun-2024, while FIIs owned 11.2 per cent, DIIs 14.04 per cent.