FSN E-Commerce
Market cap ₹91,501 Cr
- P/E
- 358.76
- Day range
- ₹311.40 – ₹323.40
- 52-week range
- ₹232.00 – ₹349.55
- Volume
- 42.50 L
- Open
- ₹320.40
- Prev close
- ₹321.90
Latest results · Q1 FY27(consolidated)Revenue ₹2,782 Cr+29.1%Profit ₹80 Cr+226.0%Margin 2.9%YoY vs the same quarter last year
No red flags in exchange filings: no rising pledge, promoter selling, surveillance or critical filing on record.
NYKAA in NSE indices and F&O
F&O margin for one lot of NYKAA (3,125 shares)Research profile
Composite 54 / 100Factor percentiles
Derived metrics
- Earn. yield
- 0.3%
- Graham no.
- ₹10.24
- vs Graham
- -96.8%
- ROE ÷ P/B
- 0.2%
- 12-1 mom.
- +30.4%
- Return / vol
- 0.89
- Magic Formula
- #535
- Piotroski
- 5/6
- FCF yield
- 0.5%
- PEG
- 1.14
Appears in 9 scans
Percentiles rank this stock against the other tracked stocks and change as they do. Scans describe where figures sit today. Hover a label for its definition. Not investment advice.
Peer comparison
All 8 in Tech| Company | M-cap | P/E | P/B | ROE | ROCE | OPM | D/E | Sales YoY |
|---|---|---|---|---|---|---|---|---|
| EternalETERNAL | ₹2.92 L Cr | 598.87 | 9.38 | 1.2% | 2.0% | 3.1% | 0.18 | +77.6% |
| One97 CommunicationsPAYTM | ₹1.03 L Cr | 161.45 | 6.46 | 3.6% | 5.0% | 8.0% | 0.01 | +27.6% |
| FSN E-CommerceNYKAA | ₹91,501 Cr | 358.76 | 63.55 | 14.9% | 17.0% | 8.0% | 0.86 | +29.1% |
| Info Edge (India)NAUKRI | ₹76,886 Cr | 48.11 | 2.03 | 4.8% | 3.0% | 39.0% | 0.01 | +11.4% |
| PB FintechPOLICYBZR | ₹46,905 Cr | 61.29 | 6.42 | 9.7% | 10.0% | 7.0% | 0.05 | +40.1% |
| SwiggySWIGGY | ₹46,162 Cr | — | 2.86 | -29.1% | -24.0% | -10.0% | 0.15 | +36.1% |
| SagilitySAGILITY | ₹20,682 Cr | 20.08 | 2.03 | 10.3% | 13.0% | 25.0% | 0.09 | +22.6% |
| Kfin TechnologiesKFINTECH | ₹13,812 Cr | 42.77 | 8.24 | 22.3% | 29.0% | 34.0% | 0.03 | +30.3% |
| Sector median | ₹61,896 Cr | 61.29 | 6.44 | 7.3% | 7.5% | 8.0% | 0.07 | +29.7% |
Sector as classified in the tracked universe; medians use every tracked Tech company, and P/E only profitable ones. Tinted figures beat the median.
Latest news
Updated 2d agoHeadlines about FSN E-Commerce from the last two weeks in the financial press. Stories belong to their publishers; Parasram India does not endorse them.
Key metrics
- P/E (TTM)
- 344.0
- EPS (TTM)
- ₹0.90
- Price / Book
- 63.61
- ROE (FY26)
- 14.9%
- ROCE (latest year)
- 17%
- Dividend yield
- 0.00%
Moving averages (NSE)
- 20-day
- ₹333.33
- Price below
- 50-day
- ₹333.95
- Price below
- 200-day
- ₹289.94
- Price above
Charts & trends
From company filings. Amounts in ₹ crore.
Revenue, profit & margin - quarterly
₹ crore; a loss shows red. Operating margin below, same periods.
- Revenue
- Net profit
Operating margin
Who owns the company
% of equity by quarter, latest Sept 2026
- Promoter
- DII
- FII
- Public
Cash flows
Where cash came from and went, by fiscal year (₹ crore)
- Operating
- Investing
- Financing
- Free cash flow
Return on equity
Net profit over shareholders' equity, by fiscal year
Equity vs debt
Shareholders' equity against borrowings (₹ crore); the ratio below, same years.
- Equity
- Debt
Debt to equity
Financial statements
| Line item | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,507 | 1,789 | 1,668 | 1,746 | 1,875 | 2,267 | 2,062 | 2,155 | 2,346 | 2,873 | 2,648 | 2,782 |
| Expenses | 1,426 | 1,690 | 1,575 | 1,650 | 1,771 | 2,126 | 1,928 | 2,014 | 2,187 | 2,644 | 2,425 | 2,546 |
| Operating Profit | 81 | 99 | 93 | 96 | 104 | 141 | 133 | 141 | 159 | 230 | 223 | 236 |
| OPM % | 5% | 6% | 6% | 6% | 6% | 6% | 6% | 7% | 7% | 8% | 8% | 8% |
| Other Income | 9 | 8 | 7 | 7 | 5 | 6 | 9 | 9 | 7 | -10 | 9 | 9 |
| Interest | 21 | 22 | 21 | 21 | 24 | 32 | 30 | 30 | 31 | 29 | 26 | 27 |
| Depreciation | 55 | 58 | 60 | 60 | 64 | 70 | 73 | 76 | 79 | 81 | 84 | 89 |
| Profit before tax | 13 | 26 | 20 | 22 | 21 | 45 | 40 | 44 | 55 | 110 | 122 | 129 |
| Tax % | 30% | 31% | 50% | 36% | 37% | 39% | 52% | 44% | 40% | 38% | 35% | 38% |
| Net Profit | 8 | 17 | 9 | 14 | 13 | 26 | 19 | 24 | 33 | 68 | 79 | 80 |
| EPS in Rs | ₹0.02 | ₹0.06 | ₹0.02 | ₹0.03 | ₹0.04 | ₹0.09 | ₹0.07 | ₹0.08 | ₹0.12 | ₹0.22 | ₹0.27 | ₹0.28 |
From company filings, updated 24 Oct 2026. Consolidated figures where the company reports them. Information only, not investment advice.
Working-capital cycle
0 days since Mar 2021
-13 days since Mar 2021
-28 days since Mar 2021
+15 days since Mar 2021
+1 days since Mar 2021
Strengths, risks & growth
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]
Strengths
- Company has delivered good profit growth of 27.7% CAGR over last 5 years
Risks
- Stock is trading at 63.6 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 7.75% over last 3 years.
Compounded Sales Growth
- 10 Years
- —
- 5 Years
- +33%
- 3 Years
- +25%
- TTM
- +27%
Compounded Profit Growth
- 10 Years
- —
- 5 Years
- +28%
- 3 Years
- +122%
- TTM
- +234%
Stock Price CAGR
- 10 Years
- —
- 5 Years
- —
- 3 Years
- +31%
- 1 Year
- +27%
Return on Equity
- 10 Years
- —
- 5 Years
- +6%
- 3 Years
- +8%
- Last Year
- +15%
Strengths and risks are a machine-generated checklist, not advice; growth is compounded annually over each period.
Shareholding pattern
| Holder | Dec 2025 | Mar 2026 | Jun 2026 | Sept 2026 | Change |
|---|---|---|---|---|---|
| Promoter | 52.10% | 52.09% | 52.07% | 52.07% | 0.00 pp |
| FII | 12.15% | 12.40% | 13.73% | 15.65% | +1.92 pp |
| DII | 25.36% | 25.35% | 24.08% | 22.35% | -1.73 pp |
| Public | 10.41% | 10.15% | 10.12% | 9.92% | -0.20 pp |
Filed with NSE for Sept 2026: promoters 52.07%, public 47.93% · XBRL filing
Analysts & fund holdings
Who holds the shares, quarter by quarter
Mutual funds 16.72% (-2.19 pp)- Promoters52.1%
- Foreign institutions15.7%
- Mutual funds16.7%
- Insurance5.0%
- Other domestic institutions0.7%
- Retail2.4%
- Others7.5%
| Fund | % of company | % of fund | 3-month change |
|---|---|---|---|
| HDFC Flexi Cap Fund | 0.79% | 0.72% | -0.09 pp |
| SBI Contra Fund | 0.72% | 1.58% | +0.12 pp |
| Nippon India Multi Cap Fund | 0.65% | 1.19% | -0.12 pp |
| HDFC Focused Fund | 0.60% | 2.23% | +0.12 pp |
| SBI Large & Midcap Fund | 0.58% | 1.42% | +0.05 pp |
Scorecard
- Performance
- Low
- Valuation
- High
- Growth
- Avg
- Profitability
- High
- Entry point
- Good
- Red flags
- Low
Analyst coverage, holdings and scorecard from market data; not a recommendation by Parasram India.
Risk & trend
From 275 daily sessions to 23 Oct 2026.
Risk
- Volatility (1Y)
- 28.0%
- Downside volatility
- 24.7%
- Worst 5% of days
- 2.5%
- Average of that tail
- 3.1%
- Max drawdown (1Y)
- 16.4%
- Below its peak
- 8.7%
Against the market
- Beta vs Nifty 50
- 1.04
- Correlation
- 0.49
- Relative strength (3M)
- +3.6%
- ATR (14)
- 3.2%
Return
- Return 1M
- -4.3%
- Return 3M
- -1.7%
- Return 6M
- +22.8%
- Return 1Y
- +24.8%
- vs 200-day average
- +10.1%
Momentum
- RSI (14)
- 39.8
- MACD histogram
- -1.85
- Stochastic %K
- 21.4
- ADX (14)
- 15.9
- +DI / −DI
- 17.2 / 25.2
- Money flow index
- 58.1
Participation
- Delivery (20d avg)
- 53.1%
- vs its 60-day baseline
- -3.1 pts
- Volume vs 20-day
- -0.2σ
- Close vs day's VWAP
- +1.2%
- 52-week position
- 75 / 100
These describe what this stock's price has already done. They are not forecasts, signals or recommendations, and a dash means the figure was withheld for want of enough history rather than being zero.
Financial quality
From consolidated statements to 31 Mar 2026.
Piotroski F-Score
5 of 6 tested
- Return on assets positive — passed
- Operating cash flow positive — not testableno cash flow statement for this period
- Return on assets improving — passed
- Cash flow exceeds profit — not testableneeds cash flow and profit against assets
- Debt to assets falling — passed
- Current ratio improving — failed
- No new equity issued — not testableno share count is collected, and financing cash flow mixes equity with debt
- Operating margin improving — passed
- Asset turnover improving — passed
- Free cash flow
- ₹490 Cr
- FCF yield
- 0.5%
- Cash conversion
- 3.16
- Accruals ratio
- -0.095
- Net debt
- ₹1,061 Cr
- Net debt / equity
- 0.74
- EV / sales
- 8.69
- PEG
- 1.14
- Capex intensity
- 1.5%
- Revenue CAGR
- 28.4%
- Profit CAGR
- 313.4%
Computed from filed statements, not filed themselves. A dash means an input was absent, and the score counts only the criteria that could actually be tested.
Corporate actions
- bonusNot available — not reported in this filing
Bonus 5:1
10 Nov 2022ex-date
Company announcements
Disclosure in terms of Regulation 30 of the SEBI (Listing Obligations & Disclosure Requirements), 2015 - ESG Rating
Please find enclosed herewith the Certificate under 74(5) of SEBI ( Depositories and Participants) Regulations, 2018 for the quarter ended September 30, 2026.
Allotment of 3,91,990 Equity shares pursuant to the exercise of vested stock options by employees under the Employee Stock Option schemes of the Company
Please find enclosed herewith a communication on Nykaa (FSN E-Commerce Ventures Limited along with its subsidiaries) which is self explanatory.
Completion of transaction for acquisition of 51% shareholding on a fully diluted basis in Aminu Wellness Private Limited ("Aminu").
Press Release issued by the Company titled 'Nykaa & BOLD, L'Oreal's Corporate Venture Fund, Join forces to Empower the Next Generation of Indian Beauty Entrepreneurs'
Intimation of Closure of Trading Window
Disclosure in terms of Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 - ESG Rating
Allotment of 1,80,870 Equity shares pursuant to exercise of vested stock option by the employees under the Employee Stock Option Schemes of the Company
Update on completion of acquisition of additional 24.2% equity shareholding in Earth Rhythm Private Limited, a subsidiary of the Company
Scrutinizer's Report and Voting Results of the 14th Annual General Meeting held on August 25, 2026.
Proceedings of the 14th Annual General Meeting of the Company held on August 25, 2026.
Presentation made at the 14th Annual General Meeting of the Company held on August 25, 2026.
Chairperson's Speech delivered at the 14th Annual General Meeting held on August 25, 2026.
Redemption of Unlisted, Unsecured, Unrated, Redeemable, Non-Convertible Debentures ("NCDs") by Nykaa E-Retail Limited, a wholly owned subsidiary of the Company
Filed with BSE (scrip 543384); the last 45 days. Documents open at bseindia.com.
Documents
Annual reports
Earnings calls
- Aug 2026TranscriptSlidesRecording
- Jun 2026TranscriptSlidesRecording
- May 2026Slides
- Feb 2026TranscriptSlidesRecording
- Nov 2025TranscriptSlides
- Aug 2025TranscriptSlidesRecording
Credit ratings
- Rating update · 7 May from crisil
- 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
Documents open at BSE or the rating agency that issued them.
Sourced from the company's NSE XBRL filing dated 4 Aug 2026 (unaudited). View the source filing. Figures are as filed and are not investment advice.
FSN E-Commerce: common questions
Answered from the figures on this page.
