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 369x vs industry 57.1x)
- ✗High premium to book value (P/B 52.2x)
Peer Comparison
| Company | CMP | Mkt Cap | P/E | P/B | ROE % | ROCE % | D/E |
|---|---|---|---|---|---|---|---|
| DMART Avenue Supermarts Limited | ₹4,142 | ₹2.6L Cr | 89.1 | 11.05 | 13 | 17.2 | 0.07 |
| ETERNAL ETERNAL LIMITED | ₹257 | ₹2.4L Cr | 661 | 8 | 1.19 | 2.97 | 0.11 |
| TRENT Trent Limited | ₹2,770 | ₹1.5L Cr | 86.7 | 14.13 | 27.7 | 28.3 | 0.37 |
| INDHOTEL The Indian Hotels Company Limited | ₹657 | ₹94K Cr | 49.8 | 7.16 | 15.6 | 17.3 | 0.28 |
| LENSKART Lenskart Solutions Limited | ₹506 -1.29% | ₹91K Cr | 181 | 10.07 | 6.86 | 8.44 | 0.45 |
| MEESHO Meesho Limited | ₹166 +0.37% | ₹81K Cr | — | 17.27 | -42.3 | -35.6 | 0.01 |
| SWIGGY Swiggy Limited | ₹251 | ₹70K Cr | — | 3.78 | -29 | -24.1 | 0.25 |
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 March 31, 2026
Latest News
All news →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 | ₹752 Cr ▲58.3% | ₹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% ▲25.0% | 4.0% ▼33.3% | 6.0% ▲20.0% | 5.0% ▲150.0% | 2.0% ▲140.0% | -5.0% |
| 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 | ₹117 Cr ▲8.3% | ₹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 ▼97.9% | 6.82 ▲458.9% | -1.9 ▲33.8% | -2.87 ▲17.3% | -3.47 |
| 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 Services · Retailing