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 442x vs industry 57.7x)
- ✗High premium to book value (P/B 65.1x)
- ✗Trading near 52-week high (₹332)
Peer Comparison
| Company | CMP | Mkt Cap | P/E | P/B | ROE % | ROCE % | D/E |
|---|---|---|---|---|---|---|---|
| ETERNAL ETERNAL LIMITED | ₹290 | ₹2.8L Cr | 756 | 9.02 | 1.19 | 2.97 | 0.11 |
| DMART Avenue Supermarts Limited | ₹4,008 | ₹2.6L Cr | 84.3 | 10.69 | 13 | 17.2 | 0.07 |
| TRENT Trent Limited | ₹2,893 | ₹1.5L Cr | 87.8 | 22.08 | 27.7 | 28.3 | 0.37 |
| INDHOTEL The Indian Hotels Company Limited | ₹724 | ₹1.0L Cr | 60.1 | 7.9 | 14.2 | 17.1 | 0.28 |
| LENSKART Lenskart Solutions Limited | ₹559 +1.88% | ₹93K Cr | 186 | 11.12 | 6.86 | 8.44 | 0.45 |
| MEESHO Meesho Limited | ₹190 -0.89% | ₹87K Cr | — | 19.76 | -42.3 | -35.6 | 0.01 |
| NAUKRI Info Edge (India) Limited | ₹1,190 | ₹77K Cr | 54.1 | 2.03 | 3.91 | 5.43 | 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 March 31, 2026
Latest News
All news →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
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 | ₹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