FSN E-Commerce Ventures Ltd

FSN E-Commerce Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

FSN E-Commerce Ventures Ltd

₹ 264 -1.18%
01 Dec 11:01 a.m.
nykaa.com BSE: 543384 NSE: NYKAA
About

FSN E-commerce Ventures Ltd. (FSNEV) popularly known as "Nykaa" is a digitally native consumer technology platform, delivering a content-led, lifestyle retail experience to consumers. The company has a diverse portfolio of beauty, personal care, and fashion products, including owned brand products manufactured by it.[1]

Key Points

Leading Digital Company [1]
Nykaa is the largest specialty beauty and personal care platform in India in terms of value of products sold in FY21 and one of the fastest growing fashion platforms in India based on growth in GMV. It has the highest average order value (AOV) among leading online beauty and personal care platforms in India.

Website BSE NSE
  • Market Cap ₹ 75,607 Cr.
  • Current Price ₹ 264
  • High / Low ₹ 273 / 155
  • Stock P/E 1,177
  • Book Value ₹ 5.98
  • Dividend Yield 0.00 %
  • ROCE 6.25 %
  • ROE 6.10 %
  • Face Value ₹ 1.00
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Pros

  • Company is almost debt free.
  • Debtor days have improved from 90.5 to 41.5 days.

Cons

  • Stock is trading at 44.7 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has a low return on equity of 5.99% over last 3 years.
  • Earnings include an other income of Rs.159 Cr.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Consumer Discretionary Consumer Services Retailing E-Retail/ E-Commerce

Part of BSE 500 BSE 200 BSE Dollex 200 Nifty 500 BSE MidCap

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025
52 54 93 64 66 80 102 103 109 119 89 82 77
67 59 89 93 90 98 107 114 123 123 100 99 95
Operating Profit -15 -5 4 -29 -23 -18 -5 -11 -13 -4 -12 -17 -18
OPM % -29% -10% 5% -46% -35% -23% -4% -11% -12% -3% -13% -21% -23%
32 35 32 39 39 45 61 39 40 41 37 40 41
Interest 2 2 2 2 2 2 2 2 2 2 2 2 2
Depreciation 2 2 2 2 2 2 2 2 3 3 3 3 4
Profit before tax 13 26 32 6 12 23 53 24 22 31 20 17 17
Tax % 23% 24% 24% 13% 11% 18% -63% -76% 26% 22% 28% 26% 26%
10 20 25 5 11 19 86 42 16 24 15 13 12
EPS in Rs 0.03 0.07 0.09 0.02 0.04 0.07 0.30 0.15 0.06 0.09 0.05 0.05 0.04
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
27 102 204 146 188 275 313 420 367
42 113 201 149 171 313 388 460 417
Operating Profit -16 -11 4 -3 17 -38 -75 -40 -51
OPM % -58% -11% 2% -2% 9% -14% -24% -10% -14%
6 17 30 60 116 129 185 157 159
Interest 0 3 5 4 6 8 7 8 9
Depreciation 1 4 7 8 5 7 9 12 13
Profit before tax -11 -0 22 45 122 76 94 97 86
Tax % -26% -286% 31% 19% 15% 25% -29% -0%
-8 1 15 36 104 57 121 97 64
EPS in Rs -0.97 0.09 1.73 4.01 0.36 0.20 0.42 0.34 0.23
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: 16%
3 Years: 31%
TTM: -7%
Compounded Profit Growth
10 Years: %
5 Years: 45%
3 Years: -2%
TTM: -61%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: 14%
1 Year: 55%
Return on Equity
10 Years: %
5 Years: 7%
3 Years: 6%
Last Year: 6%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Sep 2025
Equity Capital 14 14 15 15 47 285 286 286 286
Reserves 130 279 404 546 1,503 1,170 1,249 1,374 1,426
8 30 40 46 51 55 87 86 129
13 30 39 40 89 325 245 144 109
Total Liabilities 165 354 498 647 1,690 1,836 1,868 1,890 1,951
6 14 18 13 16 29 30 39 65
CWIP 0 0 1 0 0 1 9 19 0
Investments 22 169 52 70 379 461 641 935 940
137 171 427 564 1,294 1,345 1,187 897 945
Total Assets 165 354 498 647 1,690 1,836 1,868 1,890 1,951

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
-62 -56 -90 -84 72 -0 -31 143
55 -91 69 -67 -944 -41 -26 -146
40 134 102 87 873 21 47 8
Net Cash Flow 32 -13 81 -64 0 -21 -10 4

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 22 25 46 160 40 95 135 41
Inventory Days 167 265 203 188 450 251 287 164
Days Payable 137 168 75 64 103 50 84 80
Cash Conversion Cycle 52 123 173 283 387 295 338 125
Working Capital Days -9 -17 29 136 1,227 950 444 151
ROCE % 1% 7% 9% 12% 5% 6% 6%

Shareholding Pattern

Numbers in percentages

Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
52.34% 52.28% 52.28% 52.26% 52.24% 52.22% 52.20% 52.18% 52.16% 52.16% 52.14% 52.12%
11.06% 12.26% 10.04% 9.84% 10.65% 10.32% 10.48% 10.13% 9.05% 8.83% 11.63% 12.54%
6.35% 7.86% 11.58% 14.31% 15.25% 17.16% 18.29% 21.83% 23.56% 25.20% 23.64% 24.99%
30.24% 27.62% 26.10% 23.60% 21.87% 20.31% 19.02% 15.86% 15.23% 13.81% 12.58% 10.36%
No. of Shareholders 5,66,2825,77,9535,85,6985,65,1915,08,9365,20,7884,79,3944,73,2134,84,2564,72,4624,36,3594,15,723

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

Documents

Announcements

Annual reports

DRHP

Credit ratings

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