Ethos vs PN Gadgil vs Asian Star: Which Stock Should You Track

Ethos vs PN Gadgil Jewellers vs Asian Star Company starts with the core numbers most investors compare within the jewellery and luxury retail segment: market capitalisation, valuation multiples, profitability, dividend yield and the latest quarterly results. Figures below are sourced as of October 2026 and will shift with daily price moves.

All three names sit in the jewellery and luxury retail bucket, which makes them a natural set to place side by side rather than a random trio of unrelated businesses. The sections below cover the company profiles, a valuation table, the latest quarter and a five-quarter trend for revenue and net profit.

Click Here – Get Free Investment Predictions

Ethos, PN Gadgil Jewellers and Asian Star Company: Company Overview

Ethos is a listed Indian company in the jewellery and luxury retail space, tracked here on book value, return ratios and valuation alongside its peers in this comparison. It has a market capitalisation of about Rs 6,939 crore, a return on equity of 6.37% and a book value of Rs 556.07 per share. Its quarterly revenue moved from Rs 352.16 crore in June 2025 to Rs 475.05 crore in June 2026, a change of +34.9%.

PN Gadgil Jewellers is a listed Indian company in the jewellery and luxury retail space, tracked here on book value, return ratios and valuation alongside its peers in this comparison. It has a market capitalisation of about Rs 8,625 crore, a return on equity of 20.88% and a book value of Rs 180.89 per share. Its quarterly revenue moved from Rs 1,727.44 crore in June 2025 to Rs 2,423.02 crore in June 2026, a change of +40.3%.

Asian Star Company is a listed Indian company in the jewellery and luxury retail space, tracked here on book value, return ratios and valuation alongside its peers in this comparison. It has a market capitalisation of about Rs 1,027 crore, a return on equity of 2.44% and a book value of Rs 1035.61 per share. Its quarterly revenue moved from Rs 727.92 crore in June 2025 to Rs 647.42 crore in June 2026, a change of -11.1%.

Ethos vs PN Gadgil Jewellers vs Asian Star Company: Valuation and Profitability Snapshot

Metric	Ethos	PN Gadgil Jewellers	Asian Star Company
Market Cap (approx.)	Rs 6,939 crore	Rs 8,625 crore	Rs 1,027 crore
PE Ratio (TTM)	65.60	19.34	30.94
PB Ratio	4.66	3.24	0.62
Return on Equity (ROE)	6.37%	20.88%	2.44%
EPS (TTM, Rs)	39.53	30.29	20.74
Dividend Yield	0.00%	0.00%	0.23%
Debt to Equity	0.22	0.89	0.30
Book Value per Share (Rs)	556.07	180.89	1035.61

Check the Univest Screener for Live Data

On valuation, Ethos trades at a PE of 65.60 and a PB of 4.66, PN Gadgil Jewellers at a PE of 19.34 and a PB of 3.24, while Asian Star Company trades at a PE of 30.94 and a PB of 0.62. On return on equity, the three post 6.37%, 20.88% and 2.44% respectively, and on dividend yield they stand at 0.00%, 0.00% and 0.23%. PN Gadgil Jewellers has the highest market capitalisation of the three at Rs 8,625 crore, while Asian Star Company has the lowest at Rs 1,027 crore. Ethos has the highest PE ratio of the three at 65.60, while PN Gadgil Jewellers has the lowest at 19.34. PN Gadgil Jewellers has the highest return on equity of the three at 20.88%, while Asian Star Company has the lowest at 2.44%. PN Gadgil Jewellers has the highest debt to equity ratio of the three at 0.89, while Ethos has the lowest at 0.22. Debt to equity is 0.22, 0.89 and 0.30 for the three respectively.

Ethos vs PN Gadgil Jewellers vs Asian Star Company: Latest Quarterly Results

Company	Latest Quarter Revenue	Latest Quarter Net Profit	YoY Change (Revenue)	QoQ Change (Revenue)	YoY Change (Net Profit)
Ethos	Rs 475.05 crore	Rs 28.66 crore	+34.9%	+11.2%	+50.7%
PN Gadgil Jewellers	Rs 2,423.02 crore	Rs 105.34 crore	+40.3%	-32.2%	+51.9%
Asian Star Company	Rs 647.42 crore	Rs 12.06 crore	-11.1%	-13.5%	-37.6%

Quarterly figures above are the most recent reported quarter for each company (Q1 FY27, quarter ended June 2026), compared with the year-ago and preceding quarter. A percentage change in net profit is shown as NA where the comparison quarter was a loss or the latest quarter is a loss, since the percentage is not meaningful in that case.

Ethos vs PN Gadgil Jewellers vs Asian Star Company: Five-Quarter Revenue and Net Profit Trend

The five-quarter view below shows how revenue and net profit moved from June 2025 to June 2026 for each company in Ethos vs PN Gadgil Jewellers vs Asian Star Company, which helps separate a one-quarter move from a steadier pattern.

Quarterly revenue (Rs crore)

Quarter	Ethos	PN Gadgil Jewellers	Asian Star Company
June 2025	Rs 352.16 crore	Rs 1,727.44 crore	Rs 727.92 crore
September 2025	Rs 394.95 crore	Rs 2,213.43 crore	Rs 759.34 crore
December 2025	Rs 484.03 crore	Rs 3,330.02 crore	Rs 667.73 crore
March 2026	Rs 427.27 crore	Rs 3,575.45 crore	Rs 748.37 crore
June 2026	Rs 475.05 crore	Rs 2,423.02 crore	Rs 647.42 crore

Quarterly net profit (Rs crore)

Quarter	Ethos	PN Gadgil Jewellers	Asian Star Company
June 2025	Rs 19.02 crore	Rs 69.34 crore	Rs 19.34 crore
September 2025	Rs 23.79 crore	Rs 79.31 crore	Rs 12.13 crore
December 2025	Rs 30.57 crore	Rs 170.91 crore	Rs 9.41 crore
March 2026	Rs 22.76 crore	Rs 90.26 crore	-Rs 0.41 crore
June 2026	Rs 28.66 crore	Rs 105.34 crore	Rs 12.06 crore

Ethos reported revenue of Rs 352.16 crore in June 2025 and Rs 475.05 crore in June 2026, a change of +34.9% across the period. Its highest quarterly revenue in this window was Rs 484.03 crore in December 2025. Net profit stood at Rs 28.66 crore in June 2026, which is a net profit margin of 6.03%.

PN Gadgil Jewellers reported revenue of Rs 1,727.44 crore in June 2025 and Rs 2,423.02 crore in June 2026, a change of +40.3% across the period. Its highest quarterly revenue in this window was Rs 3,575.45 crore in March 2026. Net profit stood at Rs 105.34 crore in June 2026, which is a net profit margin of 4.35%.

Asian Star Company reported revenue of Rs 727.92 crore in June 2025 and Rs 647.42 crore in June 2026, a change of -11.1% across the period. Its highest quarterly revenue in this window was Rs 759.34 crore in September 2025. Net profit stood at Rs 12.06 crore in June 2026, which is a net profit margin of 1.86%. Asian Star Company reported a net loss in March 2026.

Download the Univest iOS App or Univest Android App to track Ethos, PN Gadgil Jewellers and Asian Star Company live prices.

What Should Investors Look at Beyond These Numbers?

Beyond the metrics above, investors comparing these three jewellery and luxury retail names should track quarter-on-quarter revenue and margin trends, management commentary on demand and cost drivers, and factors specific to the segment such as gold and diamond prices, festive and wedding demand, store additions and working capital needs. A single-quarter snapshot can shift quickly, and smaller companies in particular can show wide swings from one quarter to the next.

It also helps to read the latest quarterly filings and investor presentations of Ethos, PN Gadgil Jewellers and Asian Star Company directly, since the figures here come from standardised data and do not capture company-specific context such as one-time items, order timing or promoter actions.

Conclusion

Ethos vs PN Gadgil Jewellers vs Asian Star Company highlights how differently three companies in the same jewellery and luxury retail segment can look across valuation, profitability and dividend metrics, even when operating in a similar space. This comparison does not declare a winner; investors should weigh these figures against their own research and risk appetite. Please read the disclaimer below before making any investment decision.

FAQs on Ethos vs PN Gadgil Jewellers vs Asian Star Company

What is the market cap difference between Ethos, PN Gadgil Jewellers and Asian Star Company?

Ans. As of October 2026, Ethos has a market cap of approximately Rs 6,939 crore, PN Gadgil Jewellers is at approximately Rs 8,625 crore, and Asian Star Company is at approximately Rs 1,027 crore.

What are the PE and PB ratios of Ethos, PN Gadgil Jewellers and Asian Star Company?

Ans. As of October 2026, the PE ratios stand at 65.60, 19.34 and 30.94 respectively, and the price to book ratios stand at 4.66, 3.24 and 0.62 respectively.

Which of the three has the highest ROE?

Ans. Ethos, PN Gadgil Jewellers and Asian Star Company post ROE of 6.37%, 20.88% and 2.44% respectively as of October 2026. PN Gadgil Jewellers has the highest return on equity of the three at 20.88%, while Asian Star Company has the lowest at 2.44%.

Which of these three stocks pays the highest dividend yield?

Ans. Ethos, PN Gadgil Jewellers and Asian Star Company carry dividend yields of 0.00%, 0.00% and 0.23% respectively.

What is the debt to equity ratio for Ethos, PN Gadgil Jewellers and Asian Star Company?

Ans. Ethos carries a debt to equity of 0.22, PN Gadgil Jewellers of 0.89, and Asian Star Company of 0.30.

What were the latest quarterly revenue and net profit of Ethos, PN Gadgil Jewellers and Asian Star Company?

Ans. For Q1 FY27 (quarter ended June 2026), Ethos reported revenue of Rs 475.05 crore and net profit of Rs 28.66 crore, PN Gadgil Jewellers reported revenue of Rs 2,423.02 crore and net profit of Rs 105.34 crore, and Asian Star Company reported revenue of Rs 647.42 crore and net profit of Rs 12.06 crore.

Does this comparison recommend one of Ethos, PN Gadgil Jewellers and Asian Star Company?

Ans. This comparison does not declare one stock ahead of another; each company scores differently across valuation, profitability and dividend metrics, and the right fit depends on an individual investor's own criteria and research.