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 ₹ 49,196 Cr.
- Current Price ₹ 172
- High / Low ₹ 180 / 114
- Stock P/E 2,509
- Book Value ₹ 4.88
- Dividend Yield 0.00 %
- ROCE 5.52 %
- ROE 1.42 %
- Face Value ₹ 1.00
Pros
- Company has delivered good profit growth of 21.2% CAGR over last 5 years
Cons
- Stock is trading at 35.4 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has low interest coverage ratio.
- Company has a low return on equity of 4.55% 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
Sector: E-Commerce/App based Aggregator Industry: Trading
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
---|---|---|---|---|---|---|---|
574 | 1,111 | 1,768 | 2,441 | 3,774 | 5,144 | 5,693 | |
601 | 1,091 | 1,685 | 2,283 | 3,610 | 4,887 | 5,390 | |
Operating Profit | -27 | 21 | 83 | 158 | 164 | 257 | 303 |
OPM % | -5% | 2% | 5% | 6% | 4% | 5% | 5% |
4 | 5 | 10 | 12 | 27 | 30 | 31 | |
Interest | 7 | 27 | 46 | 32 | 47 | 76 | 79 |
Depreciation | 7 | 31 | 60 | 72 | 96 | 173 | 210 |
Profit before tax | -37 | -32 | -12 | 66 | 47 | 38 | 44 |
Tax % | 25% | 23% | -31% | 7% | 13% | 35% | |
-28 | -25 | -16 | 62 | 41 | 21 | 24 | |
EPS in Rs | -3.47 | -2.87 | -1.90 | 6.82 | 0.14 | 0.07 | 0.07 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 55% |
3 Years: | 43% |
TTM: | 28% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 21% |
3 Years: | 47% |
TTM: | -56% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
1 Year: | 0% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | 3% |
3 Years: | 5% |
Last Year: | 1% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
---|---|---|---|---|---|---|---|
Equity Capital | 14 | 14 | 15 | 15 | 47 | 285 | 285 |
Reserves | 108 | 216 | 307 | 475 | 1,292 | 1,093 | 1,106 |
Preference Capital | 0 | 0 | 0 | 0 | 0 | 0 | |
83 | 310 | 413 | 333 | 593 | 798 | 966 | |
148 | 235 | 390 | 480 | 714 | 773 | 779 | |
Total Liabilities | 353 | 776 | 1,124 | 1,302 | 2,646 | 2,950 | 3,136 |
34 | 140 | 227 | 231 | 483 | 699 | 696 | |
CWIP | 0 | 0 | 2 | 2 | 24 | 31 | 1 |
Investments | 10 | 138 | 4 | 1 | 0 | 38 | 36 |
308 | 497 | 892 | 1,067 | 2,138 | 2,182 | 2,404 | |
Total Assets | 353 | 776 | 1,124 | 1,302 | 2,646 | 2,950 | 3,136 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|
-79 | -100 | 6 | 133 | -354 | -140 | |
31 | -162 | 15 | -130 | -603 | 140 | |
82 | 236 | 69 | -38 | 927 | 5 | |
Net Cash Flow | 33 | -26 | 90 | -34 | -30 | 4 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|
Debtor Days | 45 | 19 | 20 | 11 | 9 | 12 |
Inventory Days | 114 | 135 | 160 | 122 | 150 | 128 |
Days Payable | 123 | 100 | 113 | 77 | 62 | 34 |
Cash Conversion Cycle | 35 | 54 | 68 | 56 | 97 | 106 |
Working Capital Days | 53 | 61 | 53 | 37 | 105 | 81 |
ROCE % | -1% | 5% | 13% | 7% | 6% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
9h - Press release dated November 29, 2023 titled "Foot Locker announces strategic partnership with Metro Brands Limited and Nykaa Fashion"
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
24 Nov - Schedule of Investor Meet which will be attended by the official(s) of the Company.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
16 Nov - Schedule of Investor Meet which will be attended by the official(s) of the Company.
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
10 Nov - Transcript of the Conference call for analyst / institutional investors for discussing the Company''s Financial Results for the quarter and half year ended September 30, …
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
8 Nov - Schedule of Investor Meet which will be attended by the official(s) of the Company.
Concalls
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Nov 2023Transcript PPT
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Sep 2023TranscriptNotesPPT
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Sep 2023Transcript PPT
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Aug 2023TranscriptNotesPPT
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Jun 2023TranscriptNotesPPT
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Jun 2023Transcript PPT
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May 2023TranscriptNotesPPT
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Feb 2023Transcript PPT
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Nov 2022Transcript PPT
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Nov 2022TranscriptNotesPPT
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Aug 2022Transcript PPT
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Jun 2022Transcript PPT
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May 2022TranscriptNotesPPT
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Feb 2022TranscriptNotesPPT
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Nov 2021TranscriptNotesPPT
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.