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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]
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.
| S.No. | Name | Current Price (Rs.) | Price to Earning | Market Capitalization (Rs.Cr.) | Dividend yield (%) | Net Profit latest quarter (Rs.Cr.) | YOY Quarterly profit growth (%) | Sales latest quarter (Rs.Cr.) | YOY Quarterly sales growth (%) | Return on capital employed (%) | Sales (Rs.Cr.) | OPM (%) | Profit after tax (Rs.Cr.) | Profit after tax latest quarter (Rs.Cr.) | Price to book value | Return on assets (%) | Debt to equity |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | Eternal Ltd | 297.75 | 1529.42 | 287530.14 | 0.00 | 65.00 | -63.07 | 13590.00 | 183.18 | 2.66 | 31995.00 | 1.84 | 188.00 | 65.00 | 9.32 | 1.47 | 0.11 |
| 2. | Swiggy | 403.25 | – | 100556.31 | 0.00 | -1092.00 | -75.28 | 5561.00 | 54.43 | -29.22 | 18925.07 | -18.20 | -4172.57 | -1092.00 | 10.26 | -24.15 | 0.25 |
| 3. | FSN E-Commerce | 258.10 | 1149.81 | 73875.04 | 0.00 | 12.25 | -24.20 | 76.97 | -29.65 | 6.25 | 366.51 | -13.81 | 64.25 | 12.25 | 43.13 | 5.18 | 0.08 |
| 4. | Urban Company | 130.25 | – | 18835.58 | 0.00 | -52.39 | -586.90 | 747.30 | 33.90 | 2.37 | 1114.57 | -9.46 | -45.45 | -52.39 | 8.26 | 12.43 | 0.06 |
| 5. | Brainbees Solut. | 300.70 | – | 15696.32 | 0.00 | -50.54 | 33.09 | 2099.08 | 10.19 | -0.40 | 8064.27 | 2.72 | -134.63 | -33.22 | 3.29 | -2.79 | 0.35 |
| 6. | Cartrade Tech | 3095.20 | 79.09 | 14793.12 | 0.00 | 64.07 | 113.99 | 193.41 | 25.42 | 7.59 | 712.18 | 28.55 | 187.04 | 59.66 | 6.32 | 5.54 | 0.06 |
| 7. | RattanIndia Ent | 42.55 | – | 5881.56 | 0.00 | -396.56 | -64.36 | 2123.92 | 17.95 | 12.69 | 7863.15 | -4.70 | -419.86 | -396.55 | 5.69 | 3.04 | 1.07 |
| – | Median: 11 Co. | 292.0 | 43.36 | 14793.12 | 0.0 | 3.41 | -18.47 | 193.41 | 25.42 | 6.21 | 712.18 | 2.58 | 9.03 | 3.41 | 6.32 | 4.01 | 0.11 |
Standalone figures in ₹ crores
| Dec 2022 | Dec 2023 | Dec 2024 | Jun 2023 | Jun 2024 | Jun 2025 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2022 | Sep 2023 | Sep 2024 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Sales | 54 | 80 | 119 | 64 | 103 | 82 | 93 | 102 | 89 | 52 | 66 | 109 | 77 |
Expenses | 59 | 98 | 123 | 93 | 114 | 99 | 89 | 107 | 100 | 67 | 90 | 123 | 95 |
Operating Profit | -5 | -18 | -4 | -29 | -11 | -17 | 4 | -5 | -12 | -15 | -23 | -13 | -18 |
Other Income | 35 | 45 | 41 | 39 | 39 | 40 | 32 | 61 | 37 | 32 | 39 | 40 | 41 |
Profit before tax | 26 | 23 | 31 | 6 | 24 | 17 | 32 | 53 | 20 | 13 | 12 | 22 | 17 |
Tax % | 24% | 18% | 22% | 13% | -76% | 26% | 24% | -63% | 28% | 23% | 11% | 26% | 26% |
Net Profit | 20 | 19 | 24 | 5 | 42 | 13 | 25 | 86 | 15 | 10 | 11 | 16 | 12 |
EPS in Rs | 0.07 | 0.07 | 0.09 | 0.02 | 0.15 | 0.05 | 0.09 | 0.30 | 0.05 | 0.03 | 0.04 | 0.06 | 0.04 |
Standalone Figures in ₹ Crores / Yearly
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|
Sales | 27 | 102 | 204 | 146 | 188 | 275 | 313 | 420 | 367 |
Expenses | 42 | 113 | 201 | 149 | 171 | 313 | 388 | 460 | 417 |
Operating Profit | -16 | -11 | 4 | -3 | 17 | -38 | -75 | -40 | -51 |
Other Income | 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 |
Net Profit | -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% | – |
Standalone figures in ₹ crores
| 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 |
Borrowings | 8 | 30 | 40 | 46 | 51 | 55 | 87 | 86 | 129 |
Other Liabilities | 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 |
Fixed Assets | 6 | 14 | 18 | 13 | 16 | 29 | 30 | 39 | 65 |
Gross Block | 7.83 | 19.01 | 30.42 | 34.09 | 32.61 | 50.77 | 63.24 | 75.18 | – |
Accumulated Depreciation | 1.49 | 5.51 | 12.91 | 21.19 | 16.16 | 22.15 | 32.89 | 36.59 | – |
CWIP | -0 | -0 | 1 | -0 | -0 | 1 | 9 | 19 | 0 |
Investments | 22 | 169 | 52 | 70 | 379 | 461 | 641 | 935 | 940 |
Other Assets | 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 |
Standalone Figures in ₹ Crores / Yearly
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|
Cash from Operating Activity | -62 | -56 | -90 | -84 | 72 | -0 | -31 | 143 |
Cash from Investing Activity | 55 | -91 | 69 | -67 | -944 | -41 | -26 | -146 |
Cash from Financing Activity | 40 | 134 | 102 | 87 | 873 | 21 | 47 | 8 |
Net Cash Flow | 32 | -13 | 81 | -64 | 0 | -21 | -10 | 4 |
Standalone Figures in ₹ Crores / Yearly
| 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% |
Direct from BSE filings, auto-summarised
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