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

₹ 172 1.80%
29 Nov - close price
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 ₹ 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
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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

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023
603.77 807.97 740.52 816.99 885.26 1,098.36 973.32 1,148.42 1,230.83 1,462.83 1,301.72 1,421.82 1,507.02
548.81 700.95 695.75 790.05 856.44 1,029.38 934.80 1,102.37 1,169.69 1,384.67 1,231.03 1,348.35 1,426.39
Operating Profit 54.96 107.02 44.77 26.94 28.82 68.98 38.52 46.05 61.14 78.16 70.69 73.47 80.63
OPM % 9.10% 13.25% 6.05% 3.30% 3.26% 6.28% 3.96% 4.01% 4.97% 5.34% 5.43% 5.17% 5.35%
1.13 3.83 4.40 4.72 5.20 5.91 11.14 8.36 6.48 5.64 9.74 6.72 8.57
Interest 7.17 7.46 7.36 9.01 11.35 12.79 13.36 15.06 20.36 20.43 18.76 18.55 21.31
Depreciation 16.28 18.45 21.39 19.50 21.31 25.12 30.48 31.01 38.50 50.70 53.04 51.92 54.64
Profit before tax 32.64 84.94 20.42 3.15 1.36 36.98 5.82 8.34 8.76 12.67 8.63 9.72 13.25
Tax % 17.31% 18.91% 12.29% -12.06% 14.71% 21.55% -30.41% 31.89% 35.39% 27.39% 50.52% 33.54% 29.96%
26.99 68.88 17.91 3.53 1.17 29.02 7.58 5.01 5.19 8.48 2.27 5.42 7.80
EPS in Rs 3.11 7.64 1.87 0.37 0.00 0.10 0.03 0.02 0.01 0.03 0.01 0.01 0.02
Raw PDF

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%

Shareholding Pattern

Numbers in percentages

29 Recently
Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
52.56% 52.43% 52.41% 52.38% 52.34% 52.28% 52.28% 52.26%
5.73% 5.98% 6.54% 6.57% 11.06% 12.26% 10.04% 9.84%
3.42% 3.12% 2.95% 3.01% 6.35% 7.86% 11.58% 14.31%
38.29% 38.47% 38.10% 38.03% 30.24% 27.62% 26.10% 23.60%
No. of Shareholders 2,53,6663,24,1643,12,2043,21,1215,66,2825,77,9535,85,6985,65,191

* 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.

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