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FSN E-Commerce Ventures Ltd

₹ 269-0.19%
06 Jan – close price
🔗nykaa.com•BSE: 543384•NSE: NYKAA
Market Cap₹ 77,016 Cr.
Current Price₹ 269
High / Low₹ 273
Stock P/E1,199
Book Value₹ 5.98
Dividend Yield0.00 %
ROCE6.25 %
ROE6.10 %
Face Value₹ 1.00
Sales₹ 367 Cr.
OPM-13.8 %
Mar Cap₹ 77,016 Cr.

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.

Also present in buckets:
Aggressive Growth TriggersExcellent ResultsExcellent ResultsRevenue GuidanceAsset Base ExpansionCapacity Expansion And ProductsPreferential IssuanceJv Partnerships AcquisitionsCredit Rating UpdatesRed Flags And Poor Performance

Peer Comparision

S.No.NameCurrent Price (Rs.)Price to EarningMarket 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 valueReturn on assets (%)Debt to equity
1.Eternal279.051432.41269293.030.0065.00-63.0713590.00183.182.6631995.001.84188.0065.008.741.470.11
2.Swiggy361.00–99647.320.00-1092.00-75.285561.0054.43-29.2218925.07-18.20-4172.57-1092.009.19-24.150.25
3.Meesho182.24–82247.300.00-289.36–2503.87–-8.719389.90-6.16-4851.17-215.92–-85.200.04
4.FSN E-Commerce269.051198.7077016.200.0012.25-24.2076.97-29.656.25366.51-13.8164.2512.2544.965.180.08
5.Urban Company134.19–19405.340.00-52.39-586.90747.3033.902.371114.57-9.46-45.45-52.398.5112.430.06
6.Brainbees Solut.291.40–15211.490.00-50.5433.092099.0810.19-0.408064.272.72-134.63-33.223.19-2.790.35
7.Cartrade Tech2936.3075.1114048.120.0064.07113.99193.4125.427.59712.1828.55187.0459.666.005.540.06
–Median: 13 Co.259.6531.1314048.120.03.41-15.74747.329.666.211114.571.849.033.415.754.010.11

Quarterly Results

Standalone figures in ₹ crores

Dec 2022Dec 2023Dec 2024Jun 2023Jun 2024Jun 2025Mar 2023Mar 2024Mar 2025Sep 2022Sep 2023Sep 2024Sep 2025
Sales
548011964103829310289526610977
Expenses
5998123931149989107100679012395
Operating Profit
-5-18-4-29-11-174-5-12-15-23-13-18
Other Income
35454139394032613732394041
Profit before tax
2623316241732532013122217
Tax %
24%18%22%13%-76%26%24%-63%28%23%11%26%26%
Net Profit
2019245421325861510111612
EPS in Rs
0.070.070.090.020.150.050.090.300.050.030.040.060.04

Profit & Loss

Standalone Figures in ₹ Crores / Yearly

Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales
27102204146188275313420367
Expenses
42113201149171313388460417
Operating Profit
-16-114-317-38-75-40-51
Other Income
6173060116129185157159
Interest
035468789
Depreciation
14785791213
Profit before tax
-11-0224512276949786
Net Profit
-811536104571219764
EPS in Rs
-0.970.091.734.010.360.200.420.340.23
Dividend Payout %
0%0%0%0%0%0%0%0%–

Compounded Profit Growth

10 Years:%
5 Years:45%
3 Years:-2%
TTM:-61%

Compounded Sales Growth

10 Years:%
5 Years:16%
3 Years:31%
TTM:-7%

Return on Equity

10 Years:%
5 Years:7%
3 Years:6%
Last Year:6%

Stock Price CAGR

10 Years:%
5 Years:%
3 Years:20%
1 Year:55%

Balance Sheet

Standalone figures in ₹ crores

Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital
1414151547285286286286
Reserves
1302794045461,5031,1701,2491,3741,426
Borrowings
830404651558786129
Other Liabilities
1330394089325245144109
Total Liabilities
1653544986471,6901,8361,8681,8901,951
Fixed Assets
61418131629303965
Gross Block
7.8319.0130.4234.0932.6150.7763.2475.18–
Accumulated Depreciation
1.495.5112.9121.1916.1622.1532.8936.59–
CWIP
0010019190
Investments
221695270379461641935940
Other Assets
1371714275641,2941,3451,187897945
Total Assets
1653544986471,6901,8361,8681,8901,951

Cash Flows

Standalone Figures in ₹ Crores / Yearly

Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity
-62-56-90-8472-0-31143
Cash from Investing Activity
55-9169-67-944-41-26-146
Cash from Financing Activity
401341028787321478
Net Cash Flow
32-1381-640-21-104

Ratios

Standalone Figures in ₹ Crores / Yearly

Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days
222546160409513541
Inventory Days
167265203188450251287164
Days Payable
1371687564103508480
Cash Conversion Cycle
52123173283387295338125
Working Capital Days
-9-17291361,227950444151
ROCE %
–1%7%9%12%5%6%6%

Shareholding Pattern

Numbers in percentages

Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
Promoters
52.34%52.28%52.28%52.26%52.24%52.22%52.20%52.18%52.16%52.16%52.14%52.12%
FIIs
11.06%12.26%10.04%9.84%10.65%10.32%10.48%10.13%9.05%8.83%11.63%12.54%
DIIs
6.35%7.86%11.58%14.31%15.25%17.16%18.29%21.83%23.56%25.20%23.64%24.99%
Public
30.24%27.62%26.10%23.60%21.87%20.31%19.02%15.86%15.23%13.81%12.58%10.36%

* The classifications might have changed from Sep'2022 onwards.ℹ️

BSE Announcements AI Summary

Direct from BSE filings, auto-summarised

Nykaa (FSN E-Commerce Ventures) Closes Trading Window from March 25, 2026

25th March 2026, 1:43 am

Nykaa Allots 1,69,300 Equity Shares to Employees Under ESOP

17th March 2026, 4:32 pm

Nykaa to Participate in Investor Meetings in March 2026

27th February 2026, 1:41 am

FSN E-Commerce Ventures (Nykaa) Allots 3.7 Lakh Shares on ESOP Exercise, Increases Share Capital

13th February 2026, 4:10 am

Nykaa (FSN E-Commerce Ventures) Reports Strong Q3 FY26 with Record EBITDA Margin, Robust Beauty Growth, and Strategic Partnerships

10th February 2026, 1:38 am

Published by Other Websites

External media mentions & references

India Retail Surge: Zomato, Nykaa, Delhivery, IndiaMART Stocks Eye Growth

1st April 2026, 5:35 am

Lush Debuts India E-commerce via Myntra, Targets Premium Beauty Boom

27th March 2026, 2:19 pm

India's New-Age IPOs Face Brutal Re-Rating Amid Geopolitical Storm

26th March 2026, 2:43 pm

Market Surge: 28 Nifty 500 Stocks Reclaim 200-DMA Amid Geopolitical Easing

25th March 2026, 12:16 pm

Vishal Mega Mart Slips Below ₹100 Despite Brokerage Upgrade

23rd March 2026, 1:03 pm

News Articles

Editorial & research coverage

Nykaa Seals Exclusive Kiehl's Deal, Deepening Luxury Bets Amidst Competition
Nykaa Seals Exclusive Kiehl's Deal, Deepening Luxury Bets Amidst Competition

12th February 2026, 10:32 pm

MSCI Rejig Signals Capital Shift: Financials Gain, Industrials Face Scrutiny
MSCI Rejig Signals Capital Shift: Financials Gain, Industrials Face Scrutiny

10th February 2026, 5:40 pm

Indian Tech Startups Split: Profitability vs. Growth at All Costs
Indian Tech Startups Split: Profitability vs. Growth at All Costs

9th February 2026, 10:42 pm

Tech Breakouts Face Valuation Scrutiny
Tech Breakouts Face Valuation Scrutiny

9th February 2026, 7:14 am

India Equities: Large Caps Lift Market Amidst Midcap Weakness and Sector Shift
India Equities: Large Caps Lift Market Amidst Midcap Weakness and Sector Shift

6th February 2026, 4:07 pm

Documents

Announcements

Nykaa - Quarterly Revenue Update - Q3 FY2026

2d - Provisional Q3 FY2026: consolidated GMV/NSV late-20s% growth; beauty NSV late-20s%, fashion NSV mid-20s%.

Announcement under Regulation 30 (LODR)-Newspaper Publication

30 Dec - Newspaper Advertisement pertaining to the Notice of Postal Ballot of the Company.

Shareholder Meeting / Postal Ballot-Notice of Postal Ballot
Shareholder Meeting / Postal Ballot-Scrutinizer"s Report

26 Dec - Appointment of Dipak Gupta as Independent Director for five years, approved Dec 26, 2025.

Closure of Trading Window

24 Dec - Trading window closed Dec 25, 2025 until 48 hours after unaudited Q3/9M FY2026 results availability.

Annual Reports

Financial Year 2025

(from bse)

Financial Year 2024

(from bse)

Financial Year 2023

(from bse)

Financial Year 2022

(from bse)

Credit Ratings

Rating update

9 Apr 2025 from crisil

Rating update

6 Feb 2025 from crisil

Rating update

7 Feb 2024 from crisil

Rating update

28 Dec 2023 from crisil

Rating update

7 Feb 2023 from crisil

Rating update

12 Dec 2022 from crisil

Concalls

Nov 2025

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Stock Analysis

Description

ICICI Prudential Life Insurance Company Ltd carries on business of providing life insurance, pensions and health insurance products to individuals and groups. The business is conducted in participating, non-participating and unit linked lines of business. These products are distributed through individual agents, corporate agents, banks, brokers, sales force and company's website.

Key Growth Triggers

  1. Favorable industry outlook driven by India's demographics, a substantial protection gap, and increasing financial literacy.
  2. The GST Council's approval to exempt individual life insurance policies from GST, expected to boost market penetration and demand.

Order Book

Currently no data available for Order Book.

Key Red Flags

  1. Stock is trading at 7.78 times its book value.
  2. Company has a low return on equity of 5.83% over the last 3 years.

Key Dates To Watch

  1. February 3, 2026: Investor Meeting in Singapore.
  2. February 4, 2026: Investor Meeting in Singapore.

Corporate Announcements

24th Mar 26
Impact Rating: 5
FSN E-Commerce Ventures Limited (Nykaa) is closing its trading window starting March 25, 2026, as per its insider trading code. The window will reopen 48 hours after the audited financial results for the quarter and full year ending March 31, 2026, become available to the public.
17th Mar 26
Impact Rating: 7
Nykaa announced the allotment of 1,69,300 equity shares to employees who exercised their vested stock options, leading to an increase in the company's issued and paid-up share capital.
26th Feb 26
Impact Rating: 7
Nykaa's management will join investor meetings in March 2026, attending the JP Morgan India Forum in Singapore on March 9 and the Jefferies Asia Forum in Hong Kong from March 17-19.
12th Feb 26
Impact Rating: 3
On February 12, 2026, Nykaa's Nomination and Remuneration Committee allotted 3,70,900 equity shares upon employee ESOP exercise, leading to an increase in the company's issued and paid-up share capital.
9th Feb 26
Impact Rating: 8
The company achieved a record 8.0% EBITDA margin and 156% YoY PAT growth in Q3 FY26, driven by strong revenue momentum.