Ethos Ltd · ETHOSLTD
₹134 Cr
₹195 Cr
₹159 Cr
₹174 Cr
₹178 Cr
₹230 Cr
₹208 Cr
₹230 Cr
₹235 Cr
₹281 Cr
₹253 Cr
₹273 Cr
₹297 Cr
₹370 Cr
₹311 Cr
₹346 Cr
₹383 Cr
₹469 Cr
₹414 Cr
₹462 Cr
20-quarter listed-company comparison
Watches Stocks in India
Watches: KDDL Ltd owns the largest revenue base; Foce India Ltd has the fastest current growth.
01 · the index people search for
Nifty Watches Index — Constituents & Performance
The Watches companies below are the listed Indian Watches universe this page tracks — the same constituent set people search for as the Nifty Watches index. Every figure is equal-weighted across those companies, so one large constituent cannot set the reading. Each number carries its own as-of date.
02 · the sector itself · before any single company
How has Watches moved against NIFTY 500?
The line below covers up to 5.2 years and opens on the 5Y view; the buttons cut it shorter. Over the most recent two of them this sector is 95% ahead of NIFTY 500. Earnings across its companies grew 5% on average over the last four reported quarters — close to flat. It has been ahead of NIFTY 500 on a rolling three-month view for 13 weeks running.
LEADER · ahead 13w✓Price up, without the fundamentals confirming3 of 4 companies ahead of NIFTY 500 by 5% or more over three months
RS ↑13w · 3/4 >200d (+0) · 3/4 lead (−1) · EPS 3/4↑
Watches, equal-weighted, based at 200
NIFTY 500, same base, same start
trailing 12-month earnings per share rising
falling
Watches, equal-weighted, based at 200
NIFTY 500, same base, same start
trailing 12-month earnings per share rising
falling
Watches, equal-weighted, based at 200
NIFTY 500, same base, same start
trailing 12-month earnings per share rising
falling
Both lines start at 200 in the same week, so the distance between them is the whole story: the sector line is an equal-weighted index of its 4 companies. The bars underneath are trailing 12-month earnings per share, one bar per reported quarter, each member rebased to 100 at the start and the sector taking the median — so a price line pulling away from flat bars is a re-rating, not earnings. A bar turns red when that figure is lower than the quarter before. Rules are fixed and applied identically everywhere on this site: ahead by 5% or more over three months, or behind by 20% or more over a year while earnings grew 20% or more. Hover any point to read both values and the gap. This is a description of what the numbers did, not advice.
03 · sector relative strength, before individual stocks
Is Watches outperforming NIFTY 500?
Watches has outperformed NIFTY 500 by 34.2% over the last 52 weeks. Over 13 weeks the gap is a lead of 30.4%. 3 of 4 covered companies currently beat NIFTY on Mansfield relative strength, so leadership inside the sector is broad. Foce India Ltd is the strongest against the sector itself at +26.4%. Readings are as of 2026-08-09.
+30.4%Sector vs NIFTY 500 · 13 weeks
+34.2%Sector vs NIFTY 500 · 52 weeks
3/4Stocks leading NIFTY 500
3/4Stocks leading sector
Sector metric: 39.7 as of 2026-08-09 · NARROWING · rising.
The central tension: the companies with the most scale are not necessarily the companies creating the most change.
Start with scale. Then earnings trajectory. Then business quality. Only after those three agree should price leadership carry much weight.
Bottom line
Watches has outperformed NIFTY 500 by 34.2% over 52 weeks and 30.4% over 13 weeks. 3 of 4 covered companies beat NIFTY on Mansfield relative strength, while 3 of 4 beat the sector itself. KDDL Ltd leads with revenue of ₹2,323 crore, based on 4 of 4 comparable companies through Jun 2026.
Companies
4
complete canonical membership
Combined market value
₹18.1K Cr
Ethos Ltd
Revenue growing
4/4
positive TTM year-on-year growth
Beating NIFTY 500
3/4
positive Mansfield relative strength
Comparing 4 of 4
04 · research priority, made explicit
Best Watches Stocks in India (Aug 2026), Ranked by Data
4-Factor Sector Score
An additive sector-relative research score. The four displayed point contributions always equal the total: Growth & earnings (35), Capital efficiency (25), Valuation (20), and Relative strength (20). Missing or stale evidence is absorbed inside the affected factor, never applied as a hidden adjustment.
Growth & earnings · 35%Capital efficiency · 25%Valuation · 20%Relative strength · 20%
Timex Group India Ltd has the strongest current balance of earnings trajectory, business quality, valuation and price confirmation, with 97% evidence confidence.
KDDL Ltd has stronger price confirmation than earnings confirmation; that is a research prompt, not permission to chase.
How this score is built, and what the marks mean
Missing observations are not scored as bad. Their missing weight lowers confidence and pulls the final score toward neutral. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step curve the sector itself is placed on — basing, turning, breaking out, leader, fading, asleep — read from how many weeks running it has led NIFTY 500 and whether that lead is widening or shrinking. It describes where the PRICE stands, not the earnings trajectory and not a recommendation, and it is left blank for a company whose weekly history is too short or too stale to read.
Top 10 Watches Stocks in India
| Company | Score | Price stage | Growth & earnings/35 | Capital efficiency/25 | Valuation/20 | Relative strength/20 |
|---|---|---|---|---|---|---|
| 1Timex Group India LtdTIMEX | 79.6/100Favorable setup97% evidence | LEADER | 33.8/35 Revenue 42% · PAT 93.2% · OPM change 3 pp 100% evidence | 18.3/25 ROCE 82.8% · OPM 16% 100% evidence | 10.8/20 P/E 59.4× · PEG 1.43 85% evidence | 16.7/20 RS sector 15.1% · RS bench 38.5% · 1Y 81.7%12 of 12 weeks ahead 100% evidence |
| Exact sum: 33.8 + 18.3 + 10.8 + 16.7 = 79.6 · Decision use: Confirmed research leader: earnings, capital efficiency and relative strength agree. Move to management, catalyst and risk diligence. | ||||||
| 2Foce India LtdFOCE | 55.2/100Mixed-positive evidence61% evidence | ASLEEP | 18.8/35 Revenue 81.2% · PAT 25% · OPM change 0 pp 48% evidence | 15.2/25 ROCE 16.1% · OPM 14% 95% evidence | 9.2/20 P/E 43.9× · PEG — 35% evidence | 12.0/20 RS sector 26.4% · RS bench -18.3% · 1Y -24.5%1 of 10 weeks ahead 70% evidence |
| Exact sum: 18.8 + 15.2 + 9.2 + 12 = 55.2 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 3KDDL LtdKDDL | 53.7/100Mixed-positive evidence79% evidence | LEADER | 14.2/35 Revenue 32.5% · PAT 4.1% · OPM change 0 pp 95% evidence | 11.9/25 ROCE 11.2% · OPM 15% 76% evidence | 7.6/20 P/E 49.3× · PEG — 35% evidence | 20.0/20 RS sector 22% · RS bench 48.2% · 1Y 50.6%12 of 12 weeks ahead 100% evidence |
| Exact sum: 14.2 + 11.9 + 7.6 + 20 = 53.7 · Decision use: Price leads the evidence: RS versus the benchmark is 48.2%, but earnings trajectory is weak. Wait for revenue and profit confirmation. | ||||||
| 4Ethos LtdETHOSLTD | 36.3/100Mixed-negative evidence97% evidence | TURNING | 17.7/35 Revenue 30.5% · PAT 16.3% · OPM change 0 pp 100% evidence | 7.7/25 ROCE 9.8% · OPM 13% 100% evidence | 5.6/20 P/E 69.6× · PEG 5.5 85% evidence | 5.3/20 RS sector -14.6% · RS bench 4.7% · 1Y 0.3%5 of 12 weeks ahead 100% evidence |
| Exact sum: 17.7 + 7.7 + 5.6 + 5.3 = 36.3 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
05 · what price has already done
Market action
Timex Group India Ltd has the strongest one-year price move in Watches at +81.7%. KDDL Ltd leads on Mansfield relative strength against NIFTY at +48.2%. 3 of 4 covered companies are above zero on that measure. Every line covers 313 weekly closes through 2026-08-14.
Price and relative strength
Every company, the sector's own index and NIFTY 500 all start level on the left edge of the window, so only the distance between the lines counts — the highest line has risen the most since then, and the chart at the top of this page is drawn the same way. It opens on one year; the buttons beside it stretch that to three or five.
How far ahead of or behind NIFTY 500 each company has been running, measured against its own recent average of that comparison, so the flat line at zero IS NIFTY 500: above it the company is beating the market, below it the market is beating the company. It opens on one year.
The same measure taken against Watches itself instead of the whole market, so the flat line at zero is the sector: above it the company is beating its own peers, which is the sharper test of the two. It opens on one year.
06 · compare level, then change
Revenue Scale & Growth Durability
KDDL Ltd has the highest Revenue among the 4 Watches companies compared here, at ₹2,323 crore. Ethos Ltd is next at ₹1,728 crore. Foce India Ltd has the highest Revenue growth at 81.2%, so level and change sit with different companies. 4 of 4 companies report a comparable reading, the latest through Jun 2026.
What the numbers say: KDDL Ltd is the scale leader at ₹2,323 crore, 34.4% ahead of Ethos Ltd. Foce India Ltd's growth is 81.2% from a ₹250 crore base, with 10 reported observations in the 20-quarter window. Treat the growth leader as an acceleration candidate, not as equally proven scale.
LeaderKDDL Ltd · ₹2,323 crore
Gap34.4% versus #2 · Ethos Ltd
Persistence8/8 recent comparable periods
Coverage4/4 companies · 65 observations
Investor read: KDDL Ltd is the scale benchmark; Foce India Ltd is the acceleration watch. Promote the challenger only if growth persists and converts into margin and returns.
This conclusion weakens if: KDDL Ltd's growth falls below Foce India Ltd's for two consecutive comparable reports while operating margin also compresses.
Revenue is compared on a common reported-currency basis. Growth is year-on-year, so seasonality does not masquerade as progress.
Revenuelargest
Revenue growthfastest growers
Revenue · company comparison
4/4 level · 4/4 change
On every company-comparison chart on this page: solid lines show level, dotted lines show change when “Both” is selected, and a missing report breaks the line rather than being invented.
All-company data · latest reported quarter
In every all-company table on this page, each figure is the company’s latest single reported quarter. The rankings above them use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.
| Company | Revenue | Revenue growth | Reported |
|---|---|---|---|
| KDDL Ltd KDDL | ₹634 Cr | 36% | Jun 2026 |
| Ethos Ltd ETHOSLTD | ₹462 Cr | 34% | Jun 2026 |
| Timex Group India Ltd TIMEX | ₹219 Cr | 30% | Jun 2026 |
| Foce India Ltd FOCE⚠ unverified | ₹87 Cr | 24% | Mar 2026 |
Full 20-quarter history · every available company
Revenue · reported quarter history
Foce India Ltd · FOCE⚠ unverified
₹101 Cr
—
₹86 Cr
—
₹43 Cr
—
₹15 Cr
—
₹26 Cr
—
₹54 Cr
—
₹34 Cr
—
₹70 Cr
—
₹59 Cr
—
₹87 Cr
—
KDDL Ltd · KDDL
—
—
—
—
—
₹313 Cr
₹299 Cr
₹332 Cr
₹340 Cr
₹372 Cr
₹348 Cr
₹360 Cr
₹396 Cr
₹472 Cr
₹420 Cr
₹465 Cr
₹517 Cr
₹597 Cr
₹575 Cr
₹634 Cr
Timex Group India Ltd · TIMEX
₹88 Cr
₹65 Cr
₹79 Cr
₹94 Cr
₹121 Cr
₹85 Cr
₹83 Cr
₹106 Cr
₹126 Cr
₹94 Cr
₹92 Cr
₹109 Cr
₹174 Cr
₹120 Cr
₹135 Cr
₹169 Cr
₹244 Cr
₹151 Cr
₹235 Cr
₹219 Cr
Revenue growth · reported quarter history
Ethos Ltd · ETHOSLTD
—
—
—
96%
33%
18%
31%
32%
32%
22%
22%
19%
26%
32%
23%
27%
29%
27%
33%
34%
Foce India Ltd · FOCE⚠ unverified
—
—
—
—
-57%
—
-83%
—
-40%
—
260%
—
31%
—
30%
—
74%
—
24%
—
KDDL Ltd · KDDL
—
—
—
—
—
—
—
—
—
19%
16%
8.4%
16%
27%
21%
29%
31%
26%
37%
36%
Timex Group India Ltd · TIMEX
—
—
—
194%
38%
30%
5.1%
13%
4.1%
11%
11%
2.8%
38%
28%
47%
55%
40%
26%
74%
30%
07 · compare level, then change
Operating Economics & Margin Trend
Timex Group India Ltd has the highest OPM among the 4 Watches companies compared here, at 16%. KDDL Ltd is next at 15%. The same company also holds the highest Margin change, at +3 percentage points. 4 of 4 companies report a comparable reading, the latest through Jun 2026. Its OPM series carries 20 reported observations across the 20-quarter window.
What the numbers say: Timex Group India Ltd leads both opm at 16% and margin change at +3 percentage points.
LeaderTimex Group India Ltd · 16%
Gap6.7% versus #2 · KDDL Ltd
Persistence7/8 recent comparable periods
Coverage4/4 companies · 70 observations
Investor read: Timex Group India Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.
This conclusion weakens if: The next two comparable reports reverse the current margin change signal.
Operating margin compares operating profit with revenue. Improvement is measured in percentage points, not percentage growth.
OPMhighest
Margin changefastest expanders
Operating margin · company comparison
4/4 level · 4/4 change
All-company data · latest reported quarter
| Company | OPM | Margin change | Reported |
|---|---|---|---|
| Timex Group India Ltd TIMEX | 16% | +3.0 pp | Jun 2026 |
| KDDL Ltd KDDL | 15% | 0.0 pp | Jun 2026 |
| Foce India Ltd FOCE⚠ unverified | 14% | 0.0 pp | Mar 2026 |
| Ethos Ltd ETHOSLTD | 13% | 0.0 pp | Jun 2026 |
Full 20-quarter history · every available company
OPM · reported quarter history
Ethos Ltd · ETHOSLTD
9.6%
13%
13%
16%
15%
16%
12%
15%
16%
16%
14%
16%
14%
15%
15%
13%
12%
13%
12%
13%
Foce India Ltd · FOCE⚠ unverified
4.1%
—
9.0%
—
18%
—
21%
—
27%
—
24%
—
26%
—
14%
—
14%
—
14%
—
KDDL Ltd · KDDL
12%
15%
14%
16%
8.9%
18%
14%
18%
18%
18%
17%
15%
16%
16%
15%
15%
14%
14%
15%
15%
Timex Group India Ltd · TIMEX
15%
-6.3%
3.6%
14%
17%
-4.8%
9.0%
7.0%
13%
-0.8%
11%
3.9%
14%
3.5%
11%
13%
17%
6.0%
17%
16%
Margin change · reported quarter history
Ethos Ltd · ETHOSLTD
—
—
+0.6 pp
+8.2 pp
+5.1 pp
+2.6 pp
−1.3 pp
−0.6 pp
+1.3 pp
0.0 pp
+2.0 pp
+1.0 pp
−2.0 pp
−1.0 pp
+1.0 pp
−3.0 pp
−2.0 pp
−2.0 pp
−3.0 pp
0.0 pp
Foce India Ltd · FOCE⚠ unverified
—
—
+7.2 pp
—
+13.9 pp
—
+12.0 pp
—
+9.0 pp
—
+3.0 pp
—
−1.0 pp
—
−10.0 pp
—
−12.0 pp
—
0.0 pp
—
KDDL Ltd · KDDL
−0.5 pp
−0.1 pp
−1.7 pp
+5.6 pp
−3.1 pp
+3.2 pp
+0.4 pp
+1.8 pp
+9.1 pp
0.0 pp
+3.0 pp
−3.0 pp
−2.0 pp
−2.0 pp
−2.0 pp
0.0 pp
−2.0 pp
−2.0 pp
0.0 pp
0.0 pp
Timex Group India Ltd · TIMEX
+23.7 pp
−16.0 pp
−5.9 pp
+26.5 pp
+2.9 pp
+1.5 pp
+5.4 pp
−7.2 pp
−4.5 pp
+4.0 pp
+2.0 pp
−3.1 pp
+1.0 pp
+4.3 pp
0.0 pp
+9.1 pp
+3.0 pp
+2.5 pp
+6.0 pp
+3.0 pp
08 · compare level, then change
Profit Scale & Acceleration
KDDL Ltd has the highest Net profit among the 4 Watches companies compared here, at ₹151 crore. Ethos Ltd is next at ₹107 crore. Timex Group India Ltd has the highest Profit growth at 93.2%, so level and change sit with different companies. 4 of 4 companies report a comparable reading, the latest through Jun 2026.
What the numbers say: KDDL Ltd leads with ₹151 crore of TTM profit, 41.1% above Ethos Ltd. Timex Group India Ltd shows 93.2% growth from a ₹85 crore profit base. Compare the size of the base and persistence before ranking acceleration above profit scale.
LeaderKDDL Ltd · ₹151 crore
Gap41.1% versus #2 · Ethos Ltd
Persistence5/8 recent comparable periods
Coverage4/4 companies · 65 observations
Investor read: KDDL Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.
This conclusion weakens if: The next two comparable reports reverse the current profit growth signal.
Net profit is the residual after operating costs, interest and tax. Growth off a loss or near-zero base is excluded from the fastest-grower rank.
Net profitlargest
Profit growthfastest growers
Net profit · company comparison
4/4 level · 4/4 change
All-company data · latest reported quarter
| Company | Net profit | Profit growth | Reported |
|---|---|---|---|
| KDDL Ltd KDDL | ₹45 Cr | 50% | Jun 2026 |
| Ethos Ltd ETHOSLTD | ₹29 Cr | 53% | Jun 2026 |
| Timex Group India Ltd TIMEX | ₹25 Cr | 67% | Jun 2026 |
| Foce India Ltd FOCE⚠ unverified | ₹9 Cr | 13% | Mar 2026 |
Full 20-quarter history · every available company
Net profit · reported quarter history
Ethos Ltd · ETHOSLTD
₹3 Cr
₹12 Cr
₹7 Cr
₹13 Cr
₹14 Cr
₹21 Cr
₹13 Cr
₹18 Cr
₹19 Cr
₹26 Cr
₹21 Cr
₹23 Cr
₹21 Cr
₹29 Cr
₹23 Cr
₹19 Cr
₹24 Cr
₹31 Cr
₹23 Cr
₹29 Cr
Foce India Ltd · FOCE⚠ unverified
₹3 Cr
—
₹6 Cr
—
₹6 Cr
—
₹2 Cr
—
₹5 Cr
—
₹11 Cr
—
₹7 Cr
—
₹8 Cr
—
₹6 Cr
—
₹9 Cr
—
KDDL Ltd · KDDL
—
—
—
—
—
₹31 Cr
₹21 Cr
₹33 Cr
₹33 Cr
₹37 Cr
₹35 Cr
₹28 Cr
₹36 Cr
₹47 Cr
₹32 Cr
₹30 Cr
₹33 Cr
₹38 Cr
₹35 Cr
₹45 Cr
Timex Group India Ltd · TIMEX
₹11 Cr
₹-5 Cr
₹-5 Cr
₹12 Cr
₹19 Cr
₹-7 Cr
₹22 Cr
₹4 Cr
₹11 Cr
₹-1 Cr
₹7 Cr
₹2 Cr
₹18 Cr
₹2 Cr
₹9 Cr
₹15 Cr
₹30 Cr
₹3 Cr
₹27 Cr
₹25 Cr
Profit growth · reported quarter history
Ethos Ltd · ETHOSLTD
—
—
—
1,200%
367%
75%
86%
38%
36%
24%
62%
28%
11%
12%
9.5%
-17%
14%
6.9%
0.0%
53%
Foce India Ltd · FOCE⚠ unverified
—
—
—
—
100%
—
-67%
—
-17%
—
450%
—
40%
—
-27%
—
-14%
—
13%
—
KDDL Ltd · KDDL
—
—
—
—
—
—
—
—
—
19%
67%
-15%
9.1%
27%
-8.6%
7.1%
-8.3%
-19%
9.4%
50%
Timex Group India Ltd · TIMEX
—
—
—
—
73%
—
—
-67%
-42%
—
-68%
-50%
64%
—
29%
650%
67%
50%
200%
67%
09 · compare level, then change
Return On Capital Employed
Timex Group India Ltd has the highest ROCE among the 4 Watches companies compared here, at 82.8%. Foce India Ltd is next at 16.1%. The same company also holds the highest ROCE change, at +33.7 percentage points. 4 of 4 companies report a comparable reading, the latest through Jun 2026.
What the numbers say: Timex Group India Ltd leads ROCE at 82.8%, 66.7 percentage points above Foce India Ltd. Timex Group India Ltd has the strongest latest improvement at +33.7 percentage points. Read the leader beside the density of its reported history: a sparse high return is a candidate; a repeated high return is evidence of durability.
LeaderTimex Group India Ltd · 82.8%
Gap414.3% versus #2 · Foce India Ltd
Persistence7/8 recent comparable periods
Coverage4/4 companies · 41 observations
Investor read: Timex Group India Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.
This conclusion weakens if: The next two comparable reports reverse the current roce change signal.
ROCE asks how much operating return the business earns on the capital employed. Direction matters, but a single exceptional year should not be mistaken for durability.
ROCEhighest
ROCE changefastest improvers
Return on capital · company comparison
4/4 level · 4/4 change
Withheld from this chart: KDDL Ltd (KDDL) — its two data sources disagree by up to 40% on reported income across 14 comparable periods, so its derived ratios are withheld. A figure two sources cannot agree on is not drawn — the gap is a decision, not missing data.
All-company data · latest reported quarter
| Company | ROCE | ROCE change | Reported |
|---|---|---|---|
| Timex Group India Ltd TIMEX | 67% | +33.7 pp | Jun 2026 |
| Foce India Ltd FOCE⚠ unverified | 20% | −3.1 pp | Mar 2026 |
| Ethos Ltd ETHOSLTD | 6.1% | −4.4 pp | Jun 2026 |
Full 20-quarter history · every available company
ROCE · reported quarter history
Ethos Ltd · ETHOSLTD
4.1%
11%
11%
—
10%
—
11%
11%
12%
16%
11%
15%
11%
16%
11%
13%
6.8%
11%
6.1%
—
Foce India Ltd · FOCE⚠ unverified
—
—
27%
—
30%
—
22%
—
18%
—
31%
—
30%
—
23%
—
21%
—
20%
—
Timex Group India Ltd · TIMEX
42%
—
16%
—
44%
—
40%
—
24%
34%
28%
30%
32%
40%
34%
54%
47%
59%
67%
—
ROCE change · reported quarter history
Ethos Ltd · ETHOSLTD
—
—
—
—
+6.0 pp
—
+0.8 pp
—
+1.9 pp
—
−0.9 pp
+3.9 pp
−1.5 pp
+0.2 pp
0.0 pp
−2.1 pp
−3.7 pp
−5.4 pp
−4.4 pp
—
Foce India Ltd · FOCE⚠ unverified
—
—
—
—
—
—
−5.8 pp
—
−11.8 pp
—
+9.3 pp
—
+12.3 pp
—
−7.7 pp
—
−9.6 pp
—
−3.1 pp
—
Timex Group India Ltd · TIMEX
—
—
—
—
+2.9 pp
—
+24.7 pp
—
−20.5 pp
—
−12.3 pp
—
+7.6 pp
+6.5 pp
+5.5 pp
+23.5 pp
+15.3 pp
+19.3 pp
+33.7 pp
—
10 · compare level, then change
Valuation Against Growth & Quality
Timex Group India Ltd has the lowest PEG among the 4 Watches companies compared here, at 1.43×. Ethos Ltd is next at 5.5×. Foce India Ltd has the lowest P/E at 43.9×, so level and change sit with different companies. 2 of 4 companies report a comparable reading, the latest through Jun 2026.
What the numbers say: Timex Group India Ltd has the lowest comparable PEG at 1.43×, 74% below Ethos Ltd. Only 2 of 4 companies have earnings and growth steady enough for the ratio to mean anything, so no broad “cheapest stock” conclusion is defensible unless the current multiple, own-history position and growth durability agree.
LeaderTimex Group India Ltd · 1.43×
Gap74% versus #2 · Ethos Ltd
Persistence0/8 recent comparable periods
Coverage2/4 companies · 12 observations
Investor read: Treat valuation as permission to investigate, never as a standalone reason to buy.
This conclusion weakens if: The next two comparable reports reverse the current p/e signal.
PEG is shown only when earnings are positive and three-year EPS growth is between 5% and 60%. It is recomputed consistently as the trailing P/E divided by that growth rate — reported earnings, never an expected-earnings multiple. On Indian companies it is shown only where the two data feeds agreed. Where any of that fails the ratio is left out rather than printed: a P/E divided by a loss, or by growth measured off a tiny base, is a number that looks precise and means nothing.
P/Elowest P/E
Valuation · company comparison
2/4 level · 4/4 change
All-company data · latest reported quarter
| Company | PEG | P/E | Reported |
|---|---|---|---|
| Ethos Ltd ETHOSLTD | 5.5 | 67.9 | Jun 2026 |
| Timex Group India Ltd TIMEX | 1.4 | 65.1 | Jun 2026 |
| KDDL Ltd KDDL | — | 43.7 | Jun 2026 |
| Foce India Ltd FOCE⚠ unverified | — | 45.7 | Mar 2026 |
Full 20-quarter history · every available company
PEG · reported quarter history
Ethos Ltd · ETHOSLTD
—
—
—
—
—
1.1
0.9
3.2
—
1.9
1.7
4.3
3.4
8.2
13.1
5.5
—
—
—
—
Timex Group India Ltd · TIMEX
—
—
—
—
—
—
—
—
—
—
1.0
—
—
—
—
1.4
—
—
—
—
P/E · reported quarter history
Ethos Ltd · ETHOSLTD
—
—
—
52.8
83.5
49.2
41.8
59.0
66.0
72.8
85.8
85.5
97.2
91.5
68.0
71.8
74.1
84.5
61.2
67.9
Foce India Ltd · FOCE⚠ unverified
—
—
10.9
—
28.2
—
16.2
—
45.1
—
42.6
—
50.6
—
48.7
—
60.2
—
45.7
—
KDDL Ltd · KDDL
25.4
48.6
39.6
27.6
28.0
35.2
27.7
32.4
38.8
39.6
33.0
39.4
40.2
39.9
43.7
32.5
34.5
30.9
30.4
43.7
Timex Group India Ltd · TIMEX
87.3
63.5
132.7
193.9
53.9
53.6
46.4
34.1
39.8
54.2
38.3
73.1
74.0
78.4
53.3
72.8
79.1
63.3
43.9
65.1
11 · before the conclusion, check the blind spots
What can make this comparison misleading?
This Watches comparison names 7 specific ways its own evidence can mislead, all listed below. All 4 companies here report on comparable dates, so no rank carries a stale marker. 1 draws at least one figure from a second feed with too little overlap to cross-check. 1 has second-feed figures withheld because the two sources disagree.
Keep these limits visible
- A high growth rate can be a low-base artefact. The page keeps level and change separate for that reason.
- A high ROCE can be temporary or flattered by a small capital base. Read it beside margin, cash conversion and reinvestment.
- The 4-Factor Sector Score ranks research priority, not portfolio action. Management quality, catalysts and risks need equally fresh evidence before capital is deployed.
- An “all companies” line chart preserves completeness, but rank changes should be checked against reporting dates before drawing a conclusion.
- 1 company draws at least one figure from a second data feed with too little overlapping history to cross-check against the primary source; it is marked unverified wherever that figure appears.
- 1 company is missing from the second-feed metrics by decision, not by absence: the two sources disagree, so nothing from the second is drawn. Read those rows as narrower evidence, never as a weaker business.
- Thin comparisons: Valuation have fewer than three usable current readings.
12 · evidence and freshness
How was this comparison built?
This comparison is built from the reported filings of 4 Watches companies, normalized to a common ₹ scale and a shared quarter axis of up to 20 quarters each. Fundamentals run through Jun 2026 and market data through 2026-08-14. A second data feed fills gaps only after identity and scale reconciliation, and missing observations are never interpolated.
FundamentalsThrough Jun 2026 · up to 20 quarters per company
Market dataThrough 2026-08-14 · weekly price and relative-strength history
Derived metricsGrowth, changes and PEG are calculated only when their inputs are comparable.
Score confidenceMissing and stale evidence reduces confidence and pulls the 0–100 research-priority score toward neutral.
Source standing2 cross-checked · 1 unverified · 1 withheld, of 4 graded companies.
How a second data feed is admitted, and what happens when it disagrees
A second feed is read only after its reported income is matched against the primary source on at least three overlapping periods. Where the two agree the figures fill silently. Where there is too little shared history to compare, the figures are still drawn — they are the only evidence there is — and marked ⚠ unverified everywhere they appear. Where the two are known to disagree, nothing from the second feed is drawn and the affected company is named under the chart it is missing from.
13 · questions investors ask, short speakable answers
Watches company comparison FAQs
These 23 answers restate the Watches comparison above in question form. Every one is computed from the same 4 companies and the same reported filings as the rankings and charts, current through Jun 2026. Price and relative-strength answers run through 2026-08-14. Nothing here is estimated, and none of it is a recommendation.
Is the Watches sector outperforming NIFTY 500?
Watches has outperformed NIFTY 500 by 34.2% over 52 weeks and 30.4% over 13 weeks. 3 of 4 covered companies beat NIFTY on Mansfield relative strength, while 3 of 4 beat the sector itself.
Which Watches company is largest by revenue?
KDDL Ltd leads with revenue of ₹2,323 crore, based on 4 of 4 comparable companies through Jun 2026.
Which Watches company is growing fastest?
Foce India Ltd has the fastest current revenue growth at 81.2%, across 4 of 4 comparable companies.
Which Watches company has the strongest 4-Factor Sector Score?
Timex Group India Ltd ranks first at 79.6/100 with 97% evidence confidence. The score prioritizes research; it is not a buy recommendation.
Which Watches company has the lowest comparable PEG?
Timex Group India Ltd has the lowest comparable PEG at 1.43, among 2 of 4 companies whose earnings and growth are steady enough for the ratio to mean anything.
How much history does this Watches comparison include?
The page compares up to 20 reported quarters per company for fundamentals, returns and valuation, ending Jun 2026. Missing observations remain blank rather than being estimated.
How is the 4-Factor Sector Score calculated?
The four visible contributions add directly: growth and earnings up to 35 points, capital efficiency up to 25, valuation up to 20, and relative strength up to 20. Missing or stale evidence moves only the affected contribution toward neutral.
Is there a Nifty Watches index?
NSE India maintains Nifty indices for several broad sector categories — Nifty Bank, Nifty IT, Nifty Pharma and others — but not for every sub-sector grouping on this site. Whether or not an official Nifty index covers Watches, this page builds its own equal-weight basket of 4 listed Watches companies — one company, one vote, regardless of market value — so no single large company dominates the reading. Figures are as of Jun 2026.
Which are the best Watches stocks in India?
Ranked by this page's four-factor score, Timex Group India Ltd places first among 4 listed Watches companies, followed by Foce India Ltd. That is a ranking of published data — earnings, quality, valuation and market behaviour as of Jun 2026 — and not a recommendation; Sector Alpha is not registered with SEBI as an investment adviser.
How many Watches stocks are listed in India?
This comparison covers 4 listed Watches companies in India, each above the size floor the site applies, with 20 quarters of reported figures per company where the filings exist. The full ranked list is on this page, as of Jun 2026.
Which Watches company is the biggest?
KDDL Ltd is the largest, with trailing-twelve-month revenue of ₹2,323 crore, ahead of Ethos Ltd at ₹1,728 crore. That covers 4 of 4 companies with comparable reporting through Jun 2026.
Which Watches company has the best profit margins?
Timex Group India Ltd has the highest operating margin at 16%, from 4 of 4 comparable companies. Timex Group India Ltd shows the biggest recent improvement, at +3 percentage points. A high margin matters most when it is holding or rising, not when it is peaking.
Which Watches company makes the most profit?
KDDL Ltd earns the most, at ₹151 crore of trailing-twelve-month net profit, from 4 of 4 comparable companies. Timex Group India Ltd has the fastest profit growth at 93.2%, though growth off a small or recovering profit base overstates how much has actually changed.
Which Watches company earns the highest return on capital?
Timex Group India Ltd leads on return on capital employed at 82.8%, across 4 of 4 companies. Read it beside the length of its reported history: a high return that repeats for years is evidence of a durable business, while a single high reading can be a small capital base or one good year.
Which Watches stock is the cheapest?
On PEG — where a LOWER number is cheaper — Timex Group India Ltd screens cheapest at 1.43×. Only 2 of 4 companies have earnings and growth steady enough for the ratio to mean anything, so this is not a sector-wide "cheapest stock" verdict. Cheap on a multiple is a reason to investigate, never a reason to buy on its own.
Is the Watches sector beating the market?
Watches has outperformed NIFTY 500 by 34.2% over the last 52 weeks and 30.4% over 13 weeks, measured on an equal-weight index of its current members. Inside the sector, 3 of 4 covered companies are beating the market on their own. Sector strength does not transfer evenly to every stock in it.
Which Watches stock has the strongest price momentum?
KDDL Ltd has the strongest relative strength against NIFTY 500. Relative strength answers last, after growth, quality and valuation: price can move well before the fundamentals confirm it, and sometimes without them confirming at all.
Which Watches company scores highest for research priority?
Timex Group India Ltd scores 79.6 out of 100 with 97% evidence confidence, from 33.8 points on growth and earnings, 18.3 on capital efficiency, 10.8 on valuation and 16.7 on relative strength. This ranks what deserves work next. It is not a buy recommendation, and management quality, catalysts and risk still need separate research.
How many Watches companies does this comparison cover, and over what period?
It compares 4 listed companies over up to 20 reported quarters of fundamentals, ending Jun 2026, plus weekly price and relative-strength history. Membership is the full sector list — nothing is dropped for having thin data.
What is the total market cap of the Watches sector?
The 4 Watches companies on this page carry ₹18,139 crore of combined market value. Ethos Ltd is the largest at ₹7,351 crore, about 41% of the sector's total on its own. Market value moves with price, so this reading is dated 2026-08-18.
How is the Watches sector performing?
3 of the 4 covered Watches companies are beating NIFTY 500 on Mansfield relative strength. The sector itself is 34.2% ahead of NIFTY 500 over 52 weeks on an equal-weight index of its current members. Readings are as of 2026-08-18.
Why are some values on this page blank?
A blank means that company did not report a comparable figure for that period, so nothing is shown. Missing observations are never interpolated, carried forward, or replaced with a similar-looking accounting line, and a company with missing evidence has its research score pulled toward neutral rather than being scored as bad.
Is this investment advice?
No. Every figure here is a deterministic calculation from reported company filings and market data, published for research. It contains no recommendation to buy or sell any security, does not account for your circumstances, and is not a substitute for advice from a licensed adviser.