FSN E-Commerce Ventures Ltd
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]
- Market Cap ₹ 35,874 Cr.
- Current Price ₹ 126
- High / Low ₹ 320 / 121
- Stock P/E 425
- Book Value ₹ 5.57
- Dividend Yield 0.00 %
- ROCE 11.6 %
- ROE 9.81 %
- Face Value ₹ 1.00
Pros
- Company is almost debt free.
- Debtor days have improved from 85.4 to 47.1 days.
Cons
- Stock is trading at 22.6 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Tax rate seems low
- Company has a low return on equity of 7.86% over last 3 years.
- Earnings include an other income of Rs.138 Cr.
- Working capital days have increased from 540 days to 1,298 days
* 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
Sector: E-Commerce/App based Aggregator Industry: Miscellaneous
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | TTM | |
---|---|---|---|---|---|---|
27 | 102 | 188 | 146 | 188 | 184 | |
42 | 113 | 184 | 149 | 171 | 212 | |
Operating Profit | -16 | -11 | 4 | -3 | 17 | -28 |
OPM % | -58% | -11% | 2% | -2% | 9% | -15% |
6 | 17 | 30 | 60 | 116 | 138 | |
Interest | 0 | 3 | 5 | 4 | 6 | 7 |
Depreciation | 1 | 4 | 7 | 8 | 5 | 6 |
Profit before tax | -11 | -0 | 22 | 45 | 122 | 97 |
Tax % | 26% | 286% | 31% | 19% | 15% | |
Net Profit | -8 | 1 | 15 | 36 | 104 | 84 |
EPS in Rs | -0.97 | 0.09 | 1.73 | 4.01 | 0.36 | 0.29 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 23% |
TTM: | 5% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 410% |
TTM: | 46% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
1 Year: | -54% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 8% |
Last Year: | 10% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Sep 2022 | |
---|---|---|---|---|---|---|
14 | 14 | 15 | 15 | 47 | 47 | |
Reserves | 95 | 279 | 404 | 546 | 1,502 | 1,540 |
8 | 30 | 45 | 46 | 51 | 69 | |
48 | 30 | 34 | 40 | 89 | 61 | |
Total Liabilities | 165 | 354 | 498 | 647 | 1,690 | 1,717 |
6 | 14 | 18 | 13 | 16 | 26 | |
CWIP | 0 | 0 | 1 | 0 | 0 | 0 |
Investments | 22 | 169 | 52 | 70 | 379 | 459 |
137 | 171 | 427 | 564 | 1,294 | 1,232 | |
Total Assets | 165 | 354 | 498 | 647 | 1,690 | 1,717 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
---|---|---|---|---|---|
-62 | -56 | -91 | -84 | 72 | |
55 | -91 | 75 | -67 | -944 | |
40 | 134 | 107 | 87 | 873 | |
Net Cash Flow | 32 | -13 | 91 | -64 | 0 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
---|---|---|---|---|---|
Debtor Days | 22 | 25 | 50 | 160 | 47 |
Inventory Days | 167 | 265 | 259 | 188 | 450 |
Days Payable | 137 | 168 | 97 | 64 | 103 |
Cash Conversion Cycle | 52 | 123 | 212 | 283 | 394 |
Working Capital Days | 99 | 69 | 113 | 210 | 1,298 |
ROCE % | 1% | 5% | 9% | 12% |
Documents
Announcements
- Appointment Of Mr. P. Ganesh As Chief Financial Officer Of The Company Effective February 03, 2023 23 Jan
- Appointment Of Mr. P. Ganesh As Chief Financial Officer Of The Company W.E.F. February 03, 2022 23 Jan
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
9 Jan - Certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended December 31, 2022.
- Closure of Trading Window 30 Dec
-
Announcement under Regulation 30 (LODR)-Allotment
20 Dec 2022 - Allotment of 10,96,740 Equity Shares against exercise of vested Employee Stock Options under ESOS 2012 and ESOS 2017
Concalls
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Nov 2022Transcript PPT
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Nov 2022TranscriptPPT
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Aug 2022Transcript PPT
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Jun 2022Transcript PPT
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May 2022TranscriptPPT
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Feb 2022TranscriptPPT
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Nov 2021TranscriptPPT
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.