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

₹ 257 -0.64%
04 Dec 2:26 p.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 ₹ 73,431 Cr.
  • Current Price ₹ 257
  • High / Low ₹ 273 / 155
  • Stock P/E 701
  • Book Value ₹ 4.85
  • Dividend Yield 0.00 %
  • ROCE 9.59 %
  • ROE 5.16 %
  • Face Value ₹ 1.00
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Pros

  • Company's working capital requirements have reduced from 21.1 days to 13.7 days

Cons

  • Stock is trading at 53.0 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 2.97% over last 3 years.

* 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

Consolidated Figures in Rs. Crores / View Standalone

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
1,231 1,463 1,302 1,422 1,507 1,789 1,668 1,746 1,875 2,267 2,062 2,155 2,346
1,170 1,385 1,231 1,348 1,426 1,690 1,575 1,650 1,771 2,126 1,928 2,014 2,187
Operating Profit 61 78 71 73 81 99 93 96 104 141 133 141 159
OPM % 5% 5% 5% 5% 5% 6% 6% 6% 6% 6% 6% 7% 7%
6 6 10 7 9 8 7 7 5 6 9 9 7
Interest 20 20 19 19 21 22 21 21 24 32 30 30 31
Depreciation 38 51 53 52 55 58 60 60 64 70 73 76 79
Profit before tax 9 13 9 10 13 26 20 22 21 45 40 44 55
Tax % 35% 27% 51% 34% 30% 31% 50% 36% 37% 39% 52% 44% 40%
5 8 2 5 8 17 9 14 13 26 19 24 33
EPS in Rs 0.01 0.03 0.01 0.01 0.02 0.06 0.02 0.03 0.04 0.09 0.07 0.08 0.12
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
574 1,111 1,768 2,441 3,774 5,144 6,386 7,950 8,830
601 1,091 1,685 2,283 3,610 4,887 6,039 7,475 8,256
Operating Profit -27 21 83 158 164 257 347 475 574
OPM % -5% 2% 5% 6% 4% 5% 5% 6% 6%
4 5 10 12 27 30 30 27 31
Interest 7 27 46 32 47 76 84 108 123
Depreciation 7 31 60 72 96 173 224 266 298
Profit before tax -37 -32 -12 66 47 38 69 127 183
Tax % -25% -23% 31% 7% 13% 35% 37% 42%
-28 -25 -16 62 41 21 40 72 103
EPS in Rs -3.47 -2.87 -1.90 6.82 0.14 0.07 0.11 0.23 0.36
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: 35%
3 Years: 28%
TTM: 25%
Compounded Profit Growth
10 Years: %
5 Years: 43%
3 Years: 17%
TTM: 145%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: 14%
1 Year: 53%
Return on Equity
10 Years: %
5 Years: 4%
3 Years: 3%
Last Year: 5%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 108 216 307 475 1,292 1,093 977 1,015 1,102
83 310 413 333 593 798 969 1,321 1,407
148 235 390 479 714 773 1,169 1,358 1,538
Total Liabilities 353 776 1,124 1,302 2,646 2,950 3,401 3,980 4,332
34 140 227 231 483 699 668 835 920
CWIP 0 0 2 2 24 31 30 37 5
Investments 10 138 4 1 0 38 34 0 0
308 497 892 1,067 2,138 2,182 2,668 3,108 3,408
Total Assets 353 776 1,124 1,302 2,646 2,950 3,401 3,980 4,332

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
-79 -100 6 133 -354 -140 0 467
31 -162 15 -130 -603 140 -10 -205
82 236 69 -38 927 5 44 -212
Net Cash Flow 33 -26 90 -34 -30 4 34 49

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 45 19 20 11 9 12 14 11
Inventory Days 114 135 160 122 150 128 119 116
Days Payable 123 100 113 77 62 34 39 52
Cash Conversion Cycle 35 54 68 56 97 106 94 75
Working Capital Days 0 -16 -5 3 67 40 10 14
ROCE % -1% 5% 13% 7% 6% 7% 10%

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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