FSN E-Commerce Ventures Limited Share Price & Analysis
Price Chart
Fundamentals
Strengths
- Strong return on equity (ROE 15.3%)
- Efficient capital deployment (ROCE 17.2%)
Concerns
- Premium to sector peers (P/E 344x vs industry 55.9x)
- High premium to book value (P/B 68.2x)
- Trading near 52-week high (₹351)
Today's Price Action
The stock closed at ₹342.5, matching the prior close with zero percent change. Trading volume recorded 5,02,095 shares, identical to the 20‑day average, indicating consistent participation. The lack of movement despite turnover suggests balanced market pressure.
Valuation Snapshot
The trailing P/E stands at 344, vastly higher than the sector’s nominal P/E of zero, reflecting a high earnings multiple and indicating that earnings are priced in aggressively. Return on equity is 15.3%, suggesting efficient capital utilization relative to peers and underscoring a respectable profitability metric.
Key Levels to Watch
The current price sits near the upper end of the 52‑week range, with the high of ₹351 acting as immediate resistance and the low of ₹219 as support, highlighting a narrow trading corridor. Open‑interest data points a concentration around the ₹340‑₹345 band, providing an additional reference zone that aligns with recent high‑volume clusters.
Chart Pattern
Recent candlestick analysis shows a bullish engulfing and a morning star on the daily chart three sessions ago, alongside a bearish engulfing ten sessions ago. These formations illustrate short‑term shifts in buyer‑seller dynamics without implying a definitive trend direction.
Data Summary
Market capitalisation is reported as ₹0 Cr, while the price‑to‑book ratio is 0. The stock’s volume and price remain stable within recent averages, and the earnings multiple is elevated relative to the sector.
Peer Comparison
| Company | CMP | Mkt Cap | P/E | P/B | ROE % | ROCE % | D/E |
|---|---|---|---|---|---|---|---|
| ETERNAL ETERNAL LIMITED | ₹326 | ₹3.1L Cr | 621 | 10.06 | 0.38 | 2.48 | 0.18 |
| DMART Avenue Supermarts Limited | ₹3,134 | ₹2.1L Cr | 66.1 | 7.83 | 12.9 | 17.2 | 0.16 |
| TRENT Trent Limited | ₹2,914 | ₹1.5L Cr | 79.5 | 22.24 | 27.7 | 28.3 | 0.37 |
| INDHOTEL The Indian Hotels Company Limited | ₹805 | ₹1.1L Cr | 55.4 | 8.41 | 14.2 | 17.1 | 0.25 |
| LENSKART Lenskart Solutions Limited | ₹— | ₹1.1L Cr | 166 | — | 6.33 | 8.08 | 0.45 |
| MEESHO Meesho Limited | ₹— | ₹99K Cr | — | — | -46.2 | -40 | 0.01 |
| NAUKRI Info Edge (India) Limited | ₹1,190 | ₹77K Cr | 52.2 | 2.03 | 1.81 | 3.45 | 0.01 |
Showing 7 peers in the same sector · Sorted by market cap
Shareholding Pattern
NYKAA · as of Mar 2026
| Category | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Promoters | 52.24% | 52.22% | 52.20% | 52.18% | 52.16% | 52.16% |
| FII | 10.65% | 10.32% | 10.48% | 10.13% | 9.05% | 8.83% |
| DII | 15.25% | 17.16% | 18.29% | 21.83% | 23.56% | 25.20% |
| Public | 21.87% | 20.31% | 19.02% | 15.86% | 15.23% | 13.81% |
Corporate Events
To consider and approve the financial results for the period ended September 30, 2026
To consider and approve the financial results for the period ended Jun 30, 2026
To consider and approve the financial results for the period ended March 31, 2026
Latest News
All newsNykaa net profit triples in latest quarter
*Nykaa net profit triples in latest quarter* with a strong performance driven by higher operating margins and cost optimization. Revenue grew steadily despite modest VC funding and competitive pressure. Profit surged to **₹120 crore** from **₹35 crore** year-on-year. The result signals improving sustainability in its business model. 📊 *STOCKS:* $NYKAA | 🏢 *SECTOR:* Retail | #HIGHIMPACT #Earnings
Nykaa makes debut on NSE, BSE with strong listing gain
*Nykaa makes debut on NSE, BSE with strong listing gain.* The stock listed at **₹275** on NSE, a **25% premium** over its issue price of ₹158. Trading began with strong retail investor sentiment driving early momentum. The company raised ₹5,358 crore in India’s largest consumer-focused IPO this year. 📊 *STOCKS:* NYKAA | 🏢 *SECTOR:* CapitalMarkets | #HIGHIMPACT #IPO
Nykaa targets $5B+ GMV by FY30
*Nykaa targets $5B+ GMV by FY30*. The company outlined its growth roadmap in a press release, aiming for over **$5 billion** in Gross Merchandise Value from its beauty and lifestyle business by FY30. This strategic direction signals confidence in sustained expansion and market leadership. 📊 *STOCKS:* NYKAA | 🏢 *SECTOR:* E-commerce | #MEDIUMIMPACT #Nykaa
Nykaa, DMart post strong Q2 revenue growth; banks see healthy loan growth
*Nykaa, DMart post strong Q2 revenue growth; banks see healthy loan growth*\nNykaa and DMart reported robust revenue growth in Q2, signaling strong consumer demand in the retail sector. Banks also recorded healthy loan growth, with **credit expansion at 12-15% YoY** across major lenders. This reflects sustained economic momentum and improved credit appetite.\n\n📊 *STOCKS:* $NYKAA $DMART | 🏢 *SECTOR:* Retail | #MEDIUMIMPACT #Q2Results
FSN E-Commerce shares unchanged post-AGM updates
*FSN E-Commerce shares unchanged post-AGM updates*. The company shared general updates during its 14th Annual General Meeting, with no major announcements on financials or leadership. Investors awaited clarity on profitability roadmap and expansion plans. *NYKAA* stock closed **+0.4%** in line with market. 📊 *STOCKS:* $NYKAA | 🏢 *SECTOR:* E-commerce | #LOWIMPACT #AGM
FSN E-Commerce announces general updates
*FSN E-Commerce announces general updates.* The company filed routine corporate updates with the NSE on August 25, 2026. No **major financial figures** or strategic changes were disclosed. Details remain unspecified in the public filing. 📊 *STOCKS:* $NYKAA | 🏢 *SECTOR:* Corporate | #LOWIMPACT #corporate
FSN E-Commerce announces ESOP and stock purchase schemes
*FSN E-Commerce announces ESOP and stock purchase schemes* aimed at employee retention and participation. The company has detailed its ESOP, ESOS, and ESPS plans in a regulatory filing. These schemes may lead to **dilution** depending on the number of shares issued. Impact on shareholding is expected to be minimal in the short term. 📊 *STOCKS:* FSN | 🏢 *SECTOR:* Corporate | #LOWIMPACT #ESOP
FSN E-Commerce shares surge on investor presentation update
*FSN E-Commerce shares react to investor presentation.* The update provides insights into business strategy and recent performance. No major financial announcements or guidance changes were disclosed. Traders may assess sentiment around Nykaa's growth trajectory. 📊 *STOCKS:* NYKAA | 🏢 *SECTOR:* Trading | #LOWIMPACT #InvestorPresentation
Nykaa, Paytm added to MSCI India Index; Tata Elxsi exits
*Nykaa and Paytm added to MSCI India Index; Tata Elxsi excluded.* The index rebalancing brings **2 major stocks** into the benchmark while removing Tata Elxsi. Index inclusion typically drives passive fund inflows and improved liquidity for the added constituents. This rebalancing reflects changing market dynamics and valuations in the MSCI India methodology. 📊 *STOCKS:* NYKAA | PAYTM | TATAELXSI | 🏢 *SECTOR:* CapitalMarkets | #MEDIUMIMPACT #MSCIRebalancing
Financials
Quarterly Results
| Metric | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹2.9K Cr 22.5% | ₹2.3K Cr 8.9% | ₹2.2K Cr 4.5% | ₹2.1K Cr 9.0% | ₹2.3K Cr 20.9% | ₹1.9K Cr 7.4% | ₹1.7K Cr 4.7% | ₹1.7K Cr |
| Op. Profit | ₹230 Cr 44.7% | ₹159 Cr 12.8% | ₹141 Cr 6.0% | ₹133 Cr 5.7% | ₹141 Cr 35.6% | ₹104 Cr 8.3% | ₹96 Cr 3.2% | ₹93 Cr |
| OPM | 8.0% 14.3% | 7.0% 0.0% | 7.0% 16.7% | 6.0% 0.0% | 6.0% 0.0% | 6.0% 0.0% | 6.0% 0.0% | 6.0% |
| Net Profit | ₹68 Cr 106.1% | ₹33 Cr 37.5% | ₹24 Cr 26.3% | ₹19 Cr 26.9% | ₹26 Cr 100.0% | ₹13 Cr 7.1% | ₹14 Cr 55.6% | ₹9 Cr |
| EPS (₹) | 0.22 83.3% | 0.12 50.0% | 0.08 14.3% | 0.07 22.2% | 0.09 125.0% | 0.04 33.3% | 0.03 50.0% | 0.02 |
Values in ₹ Cr · Source: Screener.in
Annual Profit & Loss
| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | ₹10.0K Cr 26.1% | ₹8.0K Cr 24.5% | ₹6.4K Cr 24.1% | ₹5.1K Cr 36.3% | ₹3.8K Cr 54.6% | ₹2.4K Cr 38.1% | ₹1.8K Cr 59.1% | ₹1.1K Cr 93.6% | ₹574 Cr |
| Expenses | ₹9.3K Cr 24.0% | ₹7.5K Cr 23.8% | ₹6.0K Cr 23.6% | ₹4.9K Cr 35.4% | ₹3.6K Cr 58.1% | ₹2.3K Cr 35.5% | ₹1.7K Cr 54.4% | ₹1.1K Cr 81.5% | ₹601 Cr |
| Op. Profit | ₹753 Cr 58.5% | ₹475 Cr 36.9% | ₹347 Cr 35.0% | ₹257 Cr 56.7% | ₹164 Cr 3.8% | ₹158 Cr 90.4% | ₹83 Cr 295.2% | ₹21 Cr 177.8% | ₹-27 Cr |
| OPM | 8.0% 33.3% | 6.0% 20.0% | 5.0% 0.0% | 5.0% 16.3% | 4.3% 28.3% | 6.0% 27.7% | 4.7% 147.4% | 1.9% 141.3% | -4.6% |
| Other Income | ₹15 Cr 44.4% | ₹27 Cr 10.0% | ₹30 Cr 0.0% | ₹30 Cr 11.1% | ₹27 Cr 125.0% | ₹12 Cr 20.0% | ₹10 Cr 100.0% | ₹5 Cr 25.0% | ₹4 Cr |
| Interest | ₹118 Cr 9.3% | ₹108 Cr 28.6% | ₹84 Cr 10.5% | ₹76 Cr 61.7% | ₹47 Cr 46.9% | ₹32 Cr 30.4% | ₹46 Cr 70.4% | ₹27 Cr 285.7% | ₹7 Cr |
| Depreciation | ₹320 Cr 20.3% | ₹266 Cr 18.8% | ₹224 Cr 29.5% | ₹173 Cr 80.2% | ₹96 Cr 33.3% | ₹72 Cr 20.0% | ₹60 Cr 93.5% | ₹31 Cr 342.9% | ₹7 Cr |
| PBT | ₹330 Cr 159.8% | ₹127 Cr 84.1% | ₹69 Cr 81.6% | ₹38 Cr 19.1% | ₹47 Cr 28.8% | ₹66 Cr 650.0% | ₹-12 Cr 62.5% | ₹-32 Cr 13.5% | ₹-37 Cr |
| Tax % | 38.0% 9.5% | 42.0% 13.5% | 37.0% 5.7% | 35.0% 169.2% | 13.0% 85.7% | 7.0% 77.4% | 31.0% 234.8% | -23.0% 8.0% | -25.0% |
| Net Profit | ₹204 Cr 183.3% | ₹72 Cr 80.0% | ₹40 Cr 90.5% | ₹21 Cr 48.8% | ₹41 Cr 33.9% | ₹62 Cr 487.5% | ₹-16 Cr 36.0% | ₹-25 Cr 10.7% | ₹-28 Cr |
| EPS (₹) | 0.7 204.3% | 0.23 109.1% | 0.11 57.1% | 0.07 50.0% | 0.14 39.1% | 0.23 483.3% | -0.06 40.0% | -0.1 16.7% | -0.12 |
| Div Payout | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Values in ₹ Cr · Source: Screener.in
Balance Sheet
| Item | Mar 2026 | Sep 2025 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 |
|---|---|---|---|---|---|---|---|---|---|---|
Liabilities | ||||||||||
| Equity Capital | ₹286 Cr 0.0% | ₹286 Cr 0.0% | ₹286 Cr 0.0% | ₹286 Cr 0.4% | ₹285 Cr 506.4% | ₹47 Cr 213.3% | ₹15 Cr 0.0% | ₹15 Cr 7.1% | ₹14 Cr 0.0% | ₹14 Cr |
| Reserves | ₹1.2K Cr 4.5% | ₹1.1K Cr 8.6% | ₹1.0K Cr 3.9% | ₹977 Cr 10.6% | ₹1.1K Cr 15.4% | ₹1.3K Cr 172.0% | ₹475 Cr 54.7% | ₹307 Cr 42.1% | ₹216 Cr 100.0% | ₹108 Cr |
| Borrowings | ₹1.2K Cr 12.0% | ₹1.4K Cr 6.5% | ₹1.3K Cr 36.3% | ₹969 Cr 21.4% | ₹798 Cr 34.6% | ₹593 Cr 78.1% | ₹333 Cr 19.4% | ₹413 Cr 33.2% | ₹310 Cr 273.5% | ₹83 Cr |
| Other Liabilities | ₹1.9K Cr 25.9% | ₹1.5K Cr 13.3% | ₹1.4K Cr 16.2% | ₹1.2K Cr 51.2% | ₹773 Cr 8.3% | ₹714 Cr 49.1% | ₹479 Cr 22.8% | ₹390 Cr 66.0% | ₹235 Cr 58.8% | ₹148 Cr |
| Total Liabilities | ₹4.6K Cr 6.4% | ₹4.3K Cr 8.8% | ₹4.0K Cr 17.0% | ₹3.4K Cr 15.3% | ₹3.0K Cr 11.5% | ₹2.6K Cr 103.2% | ₹1.3K Cr 15.8% | ₹1.1K Cr 44.8% | ₹776 Cr 119.8% | ₹353 Cr |
Assets | ||||||||||
| Fixed Assets | ₹1.0K Cr 9.6% | ₹920 Cr 10.2% | ₹835 Cr 25.0% | ₹668 Cr 4.4% | ₹699 Cr 44.7% | ₹483 Cr 109.1% | ₹231 Cr 1.8% | ₹227 Cr 62.1% | ₹140 Cr 311.8% | ₹34 Cr |
| CWIP | ₹9 Cr 80.0% | ₹5 Cr 86.5% | ₹37 Cr 23.3% | ₹30 Cr 3.2% | ₹31 Cr 29.2% | ₹24 Cr 1100.0% | ₹2 Cr 0.0% | ₹2 Cr | ₹0 Cr | ₹0 Cr |
| Investments | ₹0 Cr | ₹0 Cr | ₹0 Cr 100.0% | ₹34 Cr 10.5% | ₹38 Cr | ₹0 Cr 100.0% | ₹1 Cr 75.0% | ₹4 Cr 97.1% | ₹138 Cr 1280.0% | ₹10 Cr |
| Other Assets | ₹3.6K Cr 5.5% | ₹3.4K Cr 9.7% | ₹3.1K Cr 16.5% | ₹2.7K Cr 22.3% | ₹2.2K Cr 2.1% | ₹2.1K Cr 100.4% | ₹1.1K Cr 19.6% | ₹892 Cr 79.5% | ₹497 Cr 61.4% | ₹308 Cr |
| Total Assets | ₹4.6K Cr 6.4% | ₹4.3K Cr 8.8% | ₹4.0K Cr 17.0% | ₹3.4K Cr 15.3% | ₹3.0K Cr 11.5% | ₹2.6K Cr 103.2% | ₹1.3K Cr 15.8% | ₹1.1K Cr 44.8% | ₹776 Cr 119.8% | ₹353 Cr |
Values in ₹ Cr · Source: Screener.in
Cash Flow Statement
| Item | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Operating CF | ₹644 Cr 37.9% | ₹467 Cr | ₹0 Cr 100.0% | ₹-140 Cr 60.5% | ₹-354 Cr 366.2% | ₹133 Cr 2116.7% | ₹6 Cr 106.0% | ₹-100 Cr 26.6% | ₹-79 Cr |
| Investing CF | ₹-159 Cr 22.4% | ₹-205 Cr 1950.0% | ₹-10 Cr 107.1% | ₹140 Cr 123.2% | ₹-603 Cr 363.8% | ₹-130 Cr 966.7% | ₹15 Cr 109.3% | ₹-162 Cr 622.6% | ₹31 Cr |
| Financing CF | ₹-433 Cr 104.2% | ₹-212 Cr 581.8% | ₹44 Cr 780.0% | ₹5 Cr 99.5% | ₹927 Cr 2539.5% | ₹-38 Cr 155.1% | ₹69 Cr 70.8% | ₹236 Cr 187.8% | ₹82 Cr |
| Net Cash Flow | ₹52 Cr 6.1% | ₹49 Cr 44.1% | ₹34 Cr 750.0% | ₹4 Cr 113.3% | ₹-30 Cr 11.8% | ₹-34 Cr 137.8% | ₹90 Cr 446.2% | ₹-26 Cr 178.8% | ₹33 Cr |
| Free Cash Flow | ₹493 Cr 45.4% | ₹339 Cr 408.2% | ₹-110 Cr 68.4% | ₹-348 Cr 22.3% | ₹-448 Cr 592.3% | ₹91 Cr 327.5% | ₹-40 Cr 70.4% | ₹-135 Cr 27.4% | ₹-106 Cr |
Values in ₹ Cr · Source: Screener.in
Key Ratios History
| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 11d 0.0% | 11d 21.4% | 14d 16.7% | 12d 33.3% | 9d 18.2% | 11d 45.0% | 20d 5.3% | 19d 57.8% | 45d |
| Inventory Days | 109d 6.0% | 116d 2.5% | 119d 7.0% | 128d 14.7% | 150d 23.0% | 122d 23.8% | 160d 18.5% | 135d 18.4% | 114d |
| Days Payable | 49d 5.8% | 52d 33.3% | 39d 14.7% | 34d 45.2% | 62d 19.5% | 77d 31.9% | 113d 13.0% | 100d 18.7% | 123d |
| Cash Conv. Cycle | 71d 5.3% | 75d 20.2% | 94d 11.3% | 106d 9.3% | 97d 73.2% | 56d 17.6% | 68d 25.9% | 54d 54.3% | 35d |
| Working Capital Days | 4d 71.4% | 14d 40.0% | 10d 75.0% | 40d 40.3% | 67d 2133.3% | 3d 160.0% | -5d 68.8% | -16d | 0d |
| ROCE | 17.0% 70.0% | 10.0% 42.9% | 7.0% 16.7% | 6.0% 14.3% | 7.0% 46.2% | 13.0% 160.0% | 5.0% 600.0% | -1.0% | — |
Source: Screener.in · Lower days = better efficiency
Deep Dive Analysis
About FSN E-Commerce Ventures Limited
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]
Consumer ServicesRetailing