FSN E-Commerce Ventures Limited
₹350.70-₹0.45 (-0.1%)
Last close · Data as of Oct 30, 2026
- Market cap
- ₹72,865 Cr
- P/E
- 1134.0x
- EV / EBITDA
- 661.0x
- Revenue
- ₹420 Cr
- Net margin
- 38.7%
- ROCE
- -4.6%
Price chart
Technical chartScreen technicals →+36.5% over the last year
Daily closes.
Go deeper
Technical chart: candles, 9 moving averages, RSI, MACD and drawing tools
Performance
Price change over each period, before dividends.
- 1M
- +9.6%
- 3M
- +5.0%
- 6M
- +32.4%
- 1Y
- +36.5%
- 5Y
- -10.8%
52-week range
Day change -₹0.45 (-0.1%) from ₹351 to ₹351 · Last close Oct 30, 2026
Best weekday to invest, historically
The same weekly amount in NYKAA, bought on each weekday since 2021.
AI Summary
Indian StockStrengths1
- Strong 5-year net profit CAGR of 51.8%
Concerns1
- Low return on equity of 7.9%
Rule-based from financial data. Not advice.
About the company
FSN E-Commerce Ventures Limited, through its subsidiaries, engages in selling and distribution of beauty, personal care, and fashion products for women, men, children, and home in India and internationally. The company offers makeup; bath and body; natural; mom and baby; wellness and health care; fragrance; fitness; skin, personal, and hair care products; and fashion garments, accessories, and equipment.
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FSN E-Commerce Ventures Limited, through its subsidiaries, engages in selling and distribution of beauty, personal care, and fashion products for women, men, children, and home in India and internationally. The company offers makeup; bath and body; natural; mom and baby; wellness and health care; fragrance; fitness; skin, personal, and hair care products; and fashion garments, accessories, and equipment. It also provides western, active, and Indian wear; lingerie; footwear; bags; jewellery; athleisure; accessories; home decor; and kitchen products. It sells its products through website, e-commerce, m-commerce, internet, and intranet, as well as through physical stores, stalls, general trade, and modern trade. It operates physical stores under the Nykaa Flagship, Nykaa Luxe, Nykaa On Trend, Nysaa, and Nykaa Kiosks formats. FSN E-Commerce Ventures Limited was incorporated in 2012 and is based in Mumbai, India.
- Sector
- Consumer Discretionary
- Shares outstanding
- 286 Cr shares
- ISIN
- INE388Y01029
- BSE code
- 543384
Key statistics
Screen fundamentals →Valuation, profitability, growth and solvency at the latest close; hover a label for its meaning.
Valuation
- Market cap
- ₹72,865 Cr
- P/E
- 1134.0x
- P/B
- 42.6x
- EV / EBITDA
- 661.0x
- EV / Sales
- 232.3x
- P/S
- 232.8x
- Earnings yield
- 0.1%
- 52-week high
- ₹351.15
- 52-week low
- ₹234.55
Profitability
- Operating margin
- -24.0%
- Net margin
- 38.7%
- EBITDA margin
- 35.1%
- ROE
- 7.9%
- ROCE
- -4.6%
- ROA
- 6.5%
- Dividend payout
- 0.0%
- Tax rate
- -29.0%
- Other income, % of PBT
- 196.8%
Growth
- RevenueLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹420 Cr
- Revenue growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 34.2%
- Revenue CAGR, 5YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 8.9%
- EBITDALatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹110 Cr
- EBITDA growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 20.9%
- Net profit growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -19.8%
- Net profit CAGR, 5YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 51.8%
- Cash from operationsLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -₹31.0 Cr
- Free cash flowLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹4.00 Cr
- Asset growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 1.7%
Solvency and efficiency
- Current ratio
- 7.46
- Debt / Equity
- 0.06
- Debt / Assets
- 0.05
- Debt / EBITDA
- 0.79
- Financial leverage
- 1.22
- CFO / Net profit
- -0.26
- Cash / Market cap
- 1.6%
- Cash per share
- ₹4.15
- Asset turnover
- 0.17
- Fixed asset turnover
- 10.43
- Capital intensity
- 0.10
- Debtor days
- 135 days
- Inventory turnover
- 1.27
- Cash conversion cycle
- 338 days
Where the revenue went
FY2025 ended in a loss, so the lines are listed rather than drawn as a flow.
| Line | FY2025 |
|---|---|
| Sales | ₹420 Cr |
| Expenses | ₹460 Cr |
| Operating profit | -₹40 Cr |
| Other income | ₹157 Cr |
| Interest | ₹8 Cr |
| Depreciation | ₹12 Cr |
| Profit before tax | ₹97 Cr |
| Tax and other | ₹0 Cr |
| Net profit | ₹97 Cr |
Revenue and net profit
Revenue grew 34.2% in FY2025; net profit is the dashed line.
| Date | Revenue | Net profit |
|---|---|---|
| FY2021 | ₹146 Cr | ₹36 Cr |
| FY2022 | ₹188 Cr | ₹104 Cr |
| FY2023 | ₹275 Cr | ₹57 Cr |
| FY2024 | ₹313 Cr | ₹121 Cr |
| FY2025 | ₹420 Cr | ₹97 Cr |
Cash flows
FY2025: ₹143 Cr from operations, -₹3.00 Cr free after investment (dashed).
| Date | Operating cash flow | Free cash flow |
|---|---|---|
| FY2021 | -₹84 Cr | -₹151 Cr |
| FY2022 | ₹72 Cr | -₹872 Cr |
| FY2023 | ₹0 Cr | -₹41 Cr |
| FY2024 | -₹31 Cr | -₹57 Cr |
| FY2025 | ₹143 Cr | -₹3 Cr |
Growth
Latest fiscal year FY2025 (ending March): each figure with its change over the year before.
- Revenue
- ₹420 Cr+34.2%1Y
- Net profit
- ₹97 Cr-19.8%1Y
- Cash from operations
- ₹143 Cr
- Free cash flow
- -₹3 Cr
- Revenue CAGR, 5Y
- 8.9%
- EBITDA CAGR, 5Y
- 26.5%
- Net profit CAGR, 5Y
- 51.8%
| Year | Revenue | Operating income | EBITDA | Net profit | CFO | FCF | ROE | Revenue growth 1Y | Net profit growth 1Y |
|---|---|---|---|---|---|---|---|---|---|
| FY2025 | ₹420 Cr | -₹40 Cr | — | ₹97 Cr | ₹143 Cr | -₹3 Cr | 5.8% | +34.2% | -19.8% |
Monthly returns
Month-by-month returns of NYKAA across the years, with the seasonal pattern.
Balance sheet
What the company owns and owes at the end of FY2025.
| Line | FY2025 |
|---|---|
| Liabilities and equity | ₹1,890 Cr |
| Equity capital | ₹286 Cr |
| Reserves | ₹1,374 Cr |
| Borrowings | ₹86 Cr |
| Other liabilities | ₹144 Cr |
| Assets | ₹1,890 Cr |
| Fixed assets | ₹39 Cr |
| Capital work in progress | ₹19 Cr |
| Investments | ₹935 Cr |
| Other assets | ₹897 Cr |
Market cap against peers
8 peers: same sector group, nearest by size.
P/E against peers
NYKAA trades at 1134.0x earnings against a peer median of 55.4x (a 1947% premium).
Not shown (no positive earnings and no EV / Sales): Meesho Limited.
Peer comparison
Same-sector peers by market cap, with the median.
| Company | Market cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|
| FSN E-Commerce Ventures LimitedNYKAAthis companyP/E ↑ premium | ₹72,865 Cr | 1134.0x | 42.6x | 7.9% | 661.0x |
| United Spirits LimitedUNITDSPR | ₹95,949 Cr | 55.4x | 11.9x | 18.8% | 46.6x |
| LG Electronics India LimitedLGEINDIA | ₹94,943 Cr | 46.2x | — | 40.1% | 38.6x |
| Havells India LimitedHAVELLS | ₹89,811 Cr | 60.9x | 10.4x | 17.1% | 41.5x |
| Lenskart Solutions LimitedLENSKART | ₹77,370 Cr | 599.0x | — | 2.4% | 158.4x |
| Meesho LimitedMEESHO | ₹74,358 Cr | — | — | -14.2% | -290.4x |
| Berger Paints India LtdBERGEPAINT | ₹60,724 Cr | 58.4x | 10.6x | 20.3% | 35.0x |
| Vishal Mega Mart LimitedVMM | ₹59,889 Cr | 110.0x | 9.0x | 5.7% | 102.3x |
| Patanjali Foods LimitedPATANJALI | ₹58,948 Cr | 41.3x | 4.9x | 7.5% | 38.4x |
| Peer median | — | 55.4x | 6.3x | 11.8% | 36.3x |
Year-to-date ROI
NYKAA since 1 January, against earlier years.
Historical volatility
NYKAA's day-to-day swings over 30, 60 and 180 days.
Financial statements
Income statement, balance sheet and cash flow as reported, in ₹ crore, grouped into plain-language lines.
Figures in ₹ crore as reported, fiscal years ending March, newest first; the trailing twelve months (TTM) last.
Operating margin by fiscal year
| Date | Operating margin |
|---|---|
| FY2021 | -2.0% |
| FY2022 | 9.0% |
| FY2023 | -14.0% |
| FY2024 | -24.0% |
| FY2025 | -10.0% |
| Line | FY2025 |
|---|---|
| RevenueSales | ₹420 Cr |
| Costs | |
| Interest | ₹8 Cr |
| Expenses | ₹460 Cr |
| Operating profitOperating Profit | -₹40 Cr |
| Other income and charges | |
| Profit before tax | ₹97 Cr |
| Tax | |
| Net profitNet Profit | ₹97 Cr |
| Per share |
| Line | FY2025 |
|---|---|
| Liabilities and equityTotal Liabilities | ₹1,890 Cr |
| Equity capitalEquity Capital | ₹286 Cr |
| Reserves | ₹1,374 Cr |
| Borrowings | ₹86 Cr |
| Other liabilitiesOther Liabilities | ₹144 Cr |
| AssetsTotal Assets | ₹1,890 Cr |
| Fixed assetsFixed Assets | ₹39 Cr |
| Capital work in progressCWIP | ₹19 Cr |
| Investments | ₹935 Cr |
| Other assetsOther Assets | ₹897 Cr |
| Line | FY2025 |
|---|---|
| Operating cash flowCash from Operating Activity | ₹143 Cr |
| Investing cash flowCash from Investing Activity | -₹146 Cr |
| Financing cash flowCash from Financing Activity | ₹8 Cr |
| Change in cashNet Cash Flow | ₹4 Cr |
Learn while you research
Academy chapters picked for FSN E-Commerce Ventures Limited and the metrics on this page.
- 01 Taxes on Investments (India)LTCG, STCG, dividend tax, what every Indian investor needs.6 min read
- 02 Stock Valuation BasicsHow to think about what a fair price for a stock looks like.7 min read
- 03 Valuation Multiples ExplainedThis stock trades at a P/E of 1134.0, learn when high multiples are justified.6 min read
- 04 Growth Investing34% revenue growth is in the top tier, learn how to value growth.7 min read
- 05 Cyclical vs Defensive StocksConsumer staples behave defensively across the business cycle.6 min read
- 06 Essential Stock RatiosP/E, P/B, EV/EBITDA, what they mean and when to use each.7 min read