Nifty

:

25571.25

Sensex

:

82814.71

116.90 (0.46%)
316.57 (0.38%)

Login

Nifty
Sensex

:
:

25571.25
82814.71

116.90 (0.46%)
316.57 (0.38%)

FSN E-Commerce Ventures Ltd.

e-Commerce

Rating :

78/99

BSE: 543384 | NSE: NYKAA

Watchlist

NSE BSE

265.58

20-Feb-2026

Open
High
Low
Previous Close

266.4
269.38
263.99
267.46

Volume
Traded Value (lacs)
52 Week High
52 Week Low

3764441
1002514604.31
285.6
154.9

Stock Summary

Market Cap(Crs)
Stock P:E
Face Value

75,928.30
537.20
1

Enterprise Value(Crs)
Dividend Yield
Price:Book Value

76,704.48
N/A
52.16

Chart

Price | P:E | P:BV | EV:EBITDA | MCap:Sales | EPS

Revenue CAGR (%)

10 Years
5 Years
3 Years

-
26.64
15.62

EBITDA CAGR (%)

10 Years
5 Years
3 Years

-
24.58
13.06

PAT CAGR (%)

10 Years
5 Years
3 Years

-
1.93
43.07

P:E (Median)

8 Years
5 Years
3 Years

-
-
-

P:BV (Average)

8 Years
5 Years
3 Years

-
37.95
38.84

EV:EBITDA (Average)

8 Years
5 Years
3 Years

-
200.93
130.97

Earnings Forecasts:

(Updated: 21-02-2026)

Description 2024 2025 2026 2027
Adj EPS 0.23 0.71 1.53 2.47
P/E Ratio 1154.70 374.06 173.58 107.52
Revenue 7949.82 9983.79 12579.6 15639.8
EBITDA 473.91 729.92 1058.3 1491.26
Net Income 66.08 203.07 421.56 715.22
ROA 1.79 6.38 10.19 13.18
P/B Ratio 58.37 50.49 39.00 28.34
ROE 5.16 14.35 24.68 29.95
FCFF 243.41 225.71 355.22 600.36
FCFF Yield
Net Debt 1103.44 707.35 602.62 226.59
BVPS 4.55 5.26 6.81 9.37

Quarterly Results

Consolidated Figures in Rs. Crores /

Standalone

Description Dec 25 Dec 24 Var% Sep 25 Sep 24 Var% Jun 25 Jun 24 Var% Mar 25 Mar 24 Var%
Net Sales 95.67 119.14 -19.70% 76.97 109.41 -29.65% 81.83 102.83 -20.42% 88.57 102.41 -13.51%
Expenses 105.44 123.30 -14.48% 94.53 122.87 -23.07% 98.94 113.90 -13.13% 100.35 106.97 -6.19%
EBITDA -9.77 -4.16 - -17.56 -13.46 - -17.11 -11.07 - -11.78 -4.56 -
EBIDTM -10.21% -3.49% -22.81% -12.30% -20.91% -10.77% -13.30% -4.45%
Other Income 47.53 41.01 15.90% 40.56 39.81 1.88% 40.10 39.18 2.35% 37.34 61.45 -39.24%
Interest 2.67 2.50 6.80% 2.50 1.56 60.26% 2.35 1.86 26.34% 1.98 1.66 19.28%
Depreciation 3.71 2.87 29.27% 3.98 3.00 32.67% 3.20 2.32 37.93% 3.38 2.29 47.60%
PBT 29.25 31.48 -7.08% 16.52 21.79 -24.19% 17.44 23.93 -27.12% 20.20 52.94 -61.84%
Tax 7.57 7.02 7.83% 4.27 5.63 -24.16% 4.52 -18.30 - 5.58 -33.37 -
PAT 21.68 24.46 -11.37% 12.25 16.16 -24.20% 12.92 42.23 -69.41% 14.62 86.31 -83.06%
PATM 22.66% 20.53% 15.92% 14.77% 15.79% 41.07% 16.51% 84.28%
EPS 0.08 0.09 -11.11% 0.04 0.06 -33.33% 0.05 0.15 -66.67% 0.05 0.30 -83.33%

Description Dec 25 Dec 24 Var% Sep 25 Sep 24 Var% Jun 25 Jun 24 Var% Mar 25 Mar 24 Var%
Net Sales 2,873.26 2,267.21 26.73% 2,345.98 1,874.74 25.14% 2,154.94 1,746.11 23.41% 2,061.76 1,667.98 23.61%
Expenses 2,643.50 2,126.43 24.32% 2,187.03 1,771.08 23.49% 2,014.26 1,649.99 22.08% 1,928.41 1,574.70 22.46%
EBITDA 229.76 140.78 63.21% 158.95 103.66 53.34% 140.68 96.12 46.36% 133.35 93.28 42.96%
EBIDTM 8.00% 6.21% 6.78% 5.53% 6.53% 5.50% 6.47% 5.59%
Other Income 6.26 5.53 13.20% 8.03 5.45 47.34% 9.33 7.33 27.29% 8.95 7.06 26.77%
Interest 29.16 31.93 -8.68% 31.47 24.23 29.88% 30.16 21.31 41.53% 29.85 21.13 41.27%
Depreciation 80.88 69.82 15.84% 79.09 63.62 24.32% 76.14 60.06 26.77% 72.90 59.65 22.21%
PBT 109.62 44.56 146.01% 55.38 21.26 160.49% 43.71 22.08 97.96% 39.55 19.56 102.20%
Tax 41.88 17.59 138.09% 22.40 7.82 186.45% 19.24 7.84 145.41% 20.50 9.82 108.76%
PAT 67.74 26.97 151.17% 32.98 13.44 145.39% 24.47 14.24 71.84% 19.05 9.74 95.59%
PATM 2.36% 1.19% 1.41% 0.72% 1.14% 0.82% 0.92% 0.58%
EPS 0.22 0.09 144.44% 0.12 0.04 200.00% 0.08 0.03 166.67% 0.07 0.02 250.00%

Annual Results

Standalone Figures in Rs. Crores /

Consolidated

Right to Left

Description TTM Mar 25 Mar 24 Mar 23 Mar 22 Mar 21 Mar 20 Mar 19
Net Sales 343.04 419.95 312.52 275.46 187.70 145.81 187.66 102.06 Net Sales Growth -20.92% 34.38% 13.45% 46.76% 28.73% -22.30% 83.87% Cost Of Goods Sold 155.21 192.49 131.08 113.55 58.84 64.58 65.20 31.31 Gross Profit 187.83 227.46 181.44 161.91 128.86 81.23 122.46 70.76 GP Margin 54.75% 54.16% 58.06% 58.78% 68.65% 55.71% 65.26% 69.33% Total Expenditure 399.26 461.56 387.56 318.21 171.64 148.60 184.12 112.98 Power & Fuel Cost - 0.51 0.60 0.64 0.21 0.13 0.19 0.14 % Of Sales - 0.12% 0.19% 0.23% 0.11% 0.09% 0.10% 0.14% Employee Cost - 66.12 72.09 49.95 28.79 17.78 24.76 19.17 % Of Sales - 15.74% 23.07% 18.13% 15.34% 12.19% 13.19% 18.78% Manufacturing Exp. - 31.55 30.58 20.74 9.72 6.33 0.24 0.11 % Of Sales - 7.51% 9.78% 7.53% 5.18% 4.34% 0.13% 0.11% General & Admin Exp. - 47.80 49.22 34.65 16.76 11.06 18.37 10.71 % Of Sales - 11.38% 15.75% 12.58% 8.93% 7.59% 9.79% 10.49% Selling & Distn. Exp. - 117.35 100.75 91.04 56.88 48.04 75.31 51.54 % Of Sales - 27.94% 32.24% 33.05% 30.30% 32.95% 40.13% 50.50% Miscellaneous Exp. - 5.74 3.24 7.66 0.44 0.68 0.05 0.00 % Of Sales - 1.37% 1.04% 2.78% 0.23% 0.47% 0.03% 0% EBITDA -56.22 -41.61 -75.04 -42.75 16.06 -2.79 3.54 -10.92 EBITDA Margin -16.39% -9.91% -24.01% -15.52% 8.56% -1.91% 1.89% -10.70% Other Income 165.53 158.47 184.64 133.97 116.26 60.25 30.50 17.19 Interest 9.50 7.99 6.96 7.55 5.95 4.21 4.88 2.69 Depreciation 14.27 11.58 8.72 7.26 4.68 8.43 7.40 4.01 PBT 83.41 97.29 93.92 76.40 121.69 44.83 21.76 -0.42 Tax 21.94 -0.07 -27.10 19.32 18.18 8.64 6.69 -1.20 Tax Rate 26.30% -0.07% -28.85% 25.29% 14.94% 19.27% 30.74% 285.71% PAT 61.47 97.36 121.02 57.08 103.51 36.19 15.07 0.78 PAT before Minority Interest 61.47 97.36 121.02 57.08 103.51 36.19 15.07 0.78 Minority Interest 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 PAT Margin 17.92% 23.18% 38.72% 20.72% 55.15% 24.82% 8.03% 0.76% PAT Growth -63.66% -19.55% 112.02% -44.86% 186.02% 140.15% 1,832.05% EPS 0.21 0.34 0.42 0.20 0.36 0.13 0.05 0.00

Description TTM Mar 25 Mar 24 Mar 23 Mar 22 Mar 21 Mar 20 Mar 19
Net Sales 9,435.94 7,949.82 6,385.62 5,143.80 3,773.93 2,440.89 1,767.53 1,159.02 Net Sales Growth 24.88% 24.50% 24.14% 36.30% 54.61% 38.10% 52.50% Cost Of Goods Sold 5,214.39 4,472.66 3,646.39 2,865.68 2,130.01 1,492.58 1,009.45 708.43 Gross Profit 4,221.55 3,477.16 2,739.23 2,278.12 1,643.92 948.32 758.08 450.59 GP Margin 44.74% 43.74% 42.90% 44.29% 43.56% 38.85% 42.89% 38.88% Total Expenditure 8,773.20 7,475.04 6,038.76 4,886.75 3,612.22 2,282.65 1,681.82 1,134.13 Power & Fuel Cost - 25.83 20.68 14.99 6.64 4.40 4.62 2.09 % Of Sales - 0.32% 0.32% 0.29% 0.18% 0.18% 0.26% 0.18% Employee Cost - 666.07 564.90 491.72 326.47 233.02 195.61 117.30 % Of Sales - 8.38% 8.85% 9.56% 8.65% 9.55% 11.07% 10.12% Manufacturing Exp. - 324.44 271.11 255.88 182.94 102.88 34.57 20.01 % Of Sales - 4.08% 4.25% 4.97% 4.85% 4.21% 1.96% 1.73% General & Admin Exp. - 374.69 313.99 273.19 168.88 105.29 91.84 60.19 % Of Sales - 4.71% 4.92% 5.31% 4.47% 4.31% 5.20% 5.19% Selling & Distn. Exp. - 1,590.50 1,196.30 972.29 792.24 334.05 340.75 222.97 % Of Sales - 20.01% 18.73% 18.90% 20.99% 13.69% 19.28% 19.24% Miscellaneous Exp. - 20.85 25.39 12.99 5.04 10.42 4.97 3.15 % Of Sales - 0.26% 0.40% 0.25% 0.13% 0.43% 0.28% 0.27% EBITDA 662.74 474.78 346.86 257.05 161.71 158.24 85.71 24.89 EBITDA Margin 7.02% 5.97% 5.43% 5.00% 4.28% 6.48% 4.85% 2.15% Other Income 32.57 27.26 29.94 30.21 29.30 11.76 10.55 5.04 Interest 120.64 108.19 83.55 75.62 47.30 32.29 46.24 26.69 Depreciation 309.01 266.40 224.23 173.26 96.41 71.59 64.55 34.54 PBT 248.26 127.45 69.02 38.39 47.31 66.12 -14.53 -31.29 Tax 104.02 53.75 25.31 13.57 6.02 4.48 8.47 -4.86 Tax Rate 41.90% 42.17% 36.67% 35.35% 12.72% 6.78% -58.29% 15.53% PAT 144.24 67.71 36.23 23.12 41.08 61.55 -23.27 -26.41 PAT before Minority Interest 141.34 73.70 43.71 24.82 41.29 61.65 -23.00 -26.43 Minority Interest -2.90 -5.99 -7.48 -1.70 -0.21 -0.10 -0.27 0.02 PAT Margin 1.53% 0.85% 0.57% 0.45% 1.09% 2.52% -1.32% -2.28% PAT Growth 124.01% 86.89% 56.70% -43.72% -33.26% - - EPS 0.50 0.24 0.13 0.08 0.14 0.22 -0.08 -0.09

Results Balance Sheet

Standalone Figures in Rs. Crores /

Consolidated

Right to Left

Description Mar 25 Mar 24 Mar 23 Mar 22 Mar 21 Mar 20 Mar 19
Shareholder's Funds 1,659.61 1,534.91 1,455.56 1,549.95 561.15 418.87 293.32 Share Capital 285.93 285.60 285.25 47.41 15.38 14.76 14.24 Total Reserves 1,336.53 1,220.70 1,153.34 1,486.88 536.83 393.11 269.66 Non-Current Liabilities -36.44 -21.28 39.24 32.76 -2.63 -21.51 -32.76 Secured Loans 0.00 0.00 0.00 0.00 0.00 0.15 0.22 Unsecured Loans 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Long Term Provisions 3.87 2.24 1.39 1.24 0.94 0.92 0.59 Current Liabilities 209.43 313.96 336.85 100.28 68.30 72.94 58.34 Trade Payables 42.25 30.42 15.68 16.62 11.39 17.35 14.40 Other Current Liabilities 89.34 206.98 283.48 50.68 30.84 20.94 19.86 Short Term Borrowings 75.74 74.87 35.47 31.33 24.35 34.63 24.07 Short Term Provisions 2.10 1.69 2.23 1.66 1.72 0.01 0.01 Total Liabilities 1,832.60 1,827.59 1,831.65 1,682.99 626.82 470.30 318.90 Net Block 38.59 30.35 28.62 16.46 12.90 17.51 13.51 Gross Block 75.18 63.24 50.77 32.61 34.09 30.41 19.01 Accumulated Depreciation 36.59 32.89 22.14 16.16 21.19 12.91 5.51 Non Current Assets 1,420.89 1,094.62 725.93 731.48 311.93 209.64 125.83 Capital Work in Progress 19.37 9.15 0.89 0.00 0.00 0.68 0.00 Non Current Investment 935.07 640.87 461.28 379.48 69.58 52.49 34.25 Long Term Loans & Adv. 426.16 410.49 225.29 312.82 216.56 138.01 73.66 Other Non Current Assets 1.70 3.76 9.85 22.72 12.88 0.96 4.41 Current Assets 411.71 732.97 1,105.72 951.51 314.89 260.66 193.08 Current Investments 0.00 0.00 0.00 0.00 0.00 0.00 135.04 Inventories 86.12 103.27 78.00 72.55 33.22 46.34 22.75 Sundry Debtors 47.71 115.79 71.49 20.65 63.72 25.51 7.11 Cash & Bank 28.62 38.63 51.97 220.33 192.30 169.18 4.41 Other Current Assets 249.26 20.79 18.10 14.94 25.65 19.62 23.77 Short Term Loans & Adv. 232.19 454.49 886.16 623.05 16.68 15.02 21.55 Net Current Assets 202.28 419.01 768.86 851.23 246.59 187.72 134.74 Total Assets 1,832.60 1,827.59 1,831.65 1,682.99 626.82 470.30 318.91

Description Mar 25 Mar 24 Mar 23 Mar 22 Mar 21 Mar 20 Mar 19
Shareholder's Funds 1,301.28 1,262.23 1,378.01 1,339.90 489.90 322.40 235.44 Share Capital 285.93 285.60 285.25 47.41 15.38 14.76 14.24 Total Reserves 978.20 948.02 1,075.80 1,276.83 465.57 296.64 211.78 Non-Current Liabilities 218.33 -28.28 172.54 220.04 38.35 92.46 41.70 Secured Loans 47.80 0.00 0.36 0.92 1.66 0.15 0.22 Unsecured Loans 62.41 0.00 0.00 0.00 0.00 0.00 0.00 Long Term Provisions 18.64 10.22 9.27 7.80 7.35 5.26 2.45 Current Liabilities 2,160.59 1,878.87 1,197.51 965.26 694.82 667.59 457.14 Trade Payables 634.83 386.69 265.39 362.05 316.21 313.41 189.27 Other Current Liabilities 746.74 803.45 461.29 260.58 157.26 85.00 42.39 Short Term Borrowings 768.83 680.04 459.44 331.58 185.81 267.33 225.45 Short Term Provisions 10.19 8.69 11.39 11.04 35.54 1.86 0.04 Total Liabilities 3,721.58 3,131.63 2,762.20 2,530.82 1,223.90 1,083.19 734.75 Net Block 834.82 668.15 698.82 483.25 231.13 231.45 148.83 Gross Block 1,589.17 1,242.38 1,093.45 741.56 409.75 343.34 196.17 Accumulated Depreciation 754.35 574.23 394.64 258.31 178.62 111.88 47.34 Non Current Assets 1,044.50 838.68 856.61 603.76 260.89 262.80 194.36 Capital Work in Progress 36.74 29.77 30.88 24.50 2.36 2.02 0.32 Non Current Investment 0.16 34.31 38.12 0.00 1.32 3.80 3.23 Long Term Loans & Adv. 125.36 101.77 86.82 53.36 26.09 25.52 41.98 Other Non Current Assets 47.42 4.68 1.97 42.66 0.00 0.00 0.00 Current Assets 2,677.08 2,292.95 1,905.60 1,927.05 963.01 820.39 540.39 Current Investments 0.00 0.00 0.00 0.00 0.00 0.00 135.04 Inventories 1,417.54 1,192.05 1,005.14 875.62 498.09 450.09 244.60 Sundry Debtors 246.61 241.60 163.53 94.53 76.64 98.43 104.49 Cash & Bank 217.15 239.86 148.74 267.04 247.67 175.62 11.95 Other Current Assets 795.78 93.94 60.65 49.81 140.62 96.25 44.32 Short Term Loans & Adv. 668.52 525.50 527.54 640.05 98.87 77.06 40.41 Net Current Assets 516.49 414.08 708.09 961.80 268.20 152.80 83.25 Total Assets 3,721.58 3,131.63 2,762.21 2,530.81 1,223.90 1,083.19 734.75

Cash Flow

Standalone Figures in Rs. Crores /

Consolidated

Right to Left

Description Mar 25 Mar 24 Mar 23 Mar 22 Mar 21 Mar 20
Cash From Operating Activity 142.58 -31.19 -0.44 72.02 -84.07 -90.85 PBT 97.29 93.92 76.40 121.69 44.83 21.76 Adjustment -43.89 -92.06 -54.95 -61.72 -18.04 -8.33 Changes in Working Capital 113.38 -6.50 -7.59 18.84 -107.84 -101.76 Cash after chg. in Working capital 166.78 -4.64 13.86 78.81 -81.06 -88.34 Interest Paid 0.00 0.00 0.00 0.00 0.00 0.00 Tax Paid -24.20 -26.55 -14.30 -6.80 -3.01 -2.51 Other Direct Exp. Paid 0.00 0.00 0.00 0.00 0.00 0.00 Extra & Other Items 0.00 0.00 0.00 0.00 0.00 0.00 Cash From Investing Activity -146.09 -25.94 -41.34 -944.19 -67.09 74.63 Net Fixed Assets -22.16 -20.73 -19.05 1.48 -3.00 Net Investments -294.20 -179.59 -81.80 -309.90 -17.09 Others 170.27 174.38 59.51 -635.77 -47.00 Cash from Financing Activity 7.57 47.31 21.26 872.66 86.92 107.42 Net Cash Inflow / Outflow 4.06 -9.82 -20.51 0.49 -64.25 91.21 Opening Cash & Equivalents 1.44 11.26 31.77 31.28 95.53 4.32 Closing Cash & Equivalent 5.50 1.44 11.26 31.77 31.28 95.53

Description Mar 25 Mar 24 Mar 23 Mar 22 Mar 21 Mar 20
Cash From Operating Activity 466.63 0.25 -140.24 -353.96 133.18 14.79 PBT 127.45 69.02 38.40 47.31 66.12 -14.53 Adjustment 377.85 313.74 245.50 135.82 119.44 108.35 Changes in Working Capital 21.07 -251.28 -329.04 -464.93 -39.21 -74.76 Cash after chg. in Working capital 526.37 131.48 -45.14 -281.80 146.35 19.06 Interest Paid 0.00 0.00 0.00 0.00 0.00 0.00 Tax Paid -59.74 -131.23 -95.11 -72.16 -13.17 -4.27 Other Direct Exp. Paid 0.00 0.00 0.00 0.00 0.00 0.00 Extra & Other Items 0.00 0.00 0.00 0.00 0.00 0.00 Cash From Investing Activity -205.43 -10.11 139.58 -602.79 -129.74 1.56 Net Fixed Assets -22.16 -20.73 -19.05 1.48 -3.00 Net Investments -294.20 -179.59 -81.80 -309.90 -17.09 Others 110.93 190.21 240.43 -294.37 -109.65 Cash from Financing Activity -212.04 44.26 4.87 927.01 -37.72 73.44 Net Cash Inflow / Outflow 49.16 34.40 4.20 -29.74 -34.28 89.80 Opening Cash & Equivalents 75.78 41.38 37.17 66.91 101.19 11.41 Closing Cash & Equivalent 124.94 75.78 41.38 37.17 66.91 101.19

Financial Ratios

Standalone /

Consolidated

Right to Left

Description Mar 25 Mar 24 Mar 23 Mar 22 Mar 21 Mar 20
Book Value (Rs.) 5.67 5.27 5.04 5.39 2.04 280.34 ROA 5.32% 6.61% 3.25% 8.96% 6.60% 3.82% ROE 6.22% 8.22% 3.84% 9.92% 7.54% 4.36% ROCE 6.29% 6.51% 5.47% 11.78% 9.44% 6.85% Fixed Asset Turnover 6.07 5.48 6.61 5.63 4.52 7.59 Receivable days 71.05 109.36 61.05 82.04 111.68 31.72 Inventory Days 82.30 105.86 99.74 102.83 99.58 67.19 Payable days 68.90 64.18 51.91 86.87 81.23 30.80 Cash Conversion Cycle 84.46 151.04 108.89 98.00 130.03 68.11 Total Debt/Equity 0.05 0.05 0.02 0.02 0.04 0.09 Interest Cover 13.18 14.49 11.11 21.46 11.64 5.46

Description Mar 25 Mar 24 Mar 23 Mar 22 Mar 21 Mar 20
Book Value (Rs.) 4.42 4.32 4.77 4.66 1.77 214.05 ROA 2.15% 1.48% 0.94% 2.20% 5.34% -2.53% ROE 5.90% 3.37% 1.85% 4.57% 15.56% -8.56% ROCE 11.21% 8.07% 6.49% 8.05% 15.53% 5.98% Fixed Asset Turnover 5.62 5.47 5.61 6.56 6.48 6.55 Receivable days 11.21 11.58 9.16 8.28 13.09 20.95 Inventory Days 59.91 62.80 66.73 66.43 70.89 71.73 Payable days 41.68 32.64 39.96 58.11 76.99 49.93 Cash Conversion Cycle 29.43 41.74 35.93 16.59 7.00 42.75 Total Debt/Equity 0.76 0.55 0.34 0.25 0.39 0.86 Interest Cover 2.18 1.83 1.51 2.00 3.05 0.69

Top Investors:

sbi midcap fund

icici prudential life insurance company limited

nippon life india trustee ltd-a/c nippon india multi cap fund

harindarpal singh banga

icici prudential large & mid cap fund

hdfc trustee company limited-hdfc flexi cap fund

mirae asset large & midcap fund

hdfc life insurance company limited

narotam.s.sekhsaria

kotak mahindra trustee co ltd a/c kotak multicap fund

Annual Reports:

News Update:

Nykaa's consolidated net profit jumps over two-fold in Q3
6th Feb 2026, 12:30 PM

The consolidated total income of the company increased by 26.70% at Rs 2,879.52 crore for Q3FY26
Read More
FSN E-Commerce - Quarterly Results
6th Feb 2026, 00:00 AM

Read More

Source: www.accordfintech.com | DISCLAIMER: Information is provided " as is" and solely for informational purposes, not for trading purposes or advice, and may be delayed.

Feedback