Nifty

:

24211.00

Sensex

:

77616.40

4.10 (0.02%)
47.01 (0.06%)

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Nifty
Sensex

:
:

24211.00
77616.40

4.10 (0.02%)
47.01 (0.06%)

FSN E-Commerce Ventures Ltd.

e-Commerce

Rating :

77/99

BSE: 543384 | NSE: NYKAA

Watchlist

NSE BSE

328.40

13-Jul-2026

Open
High
Low
Previous Close

328.45
332.15
327.05
330.10

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

7568346
2492586199.65
332.15
200.14

Stock Summary

Market Cap(Crs)
Stock P:E
Face Value

94,078.71
471.71
1

Enterprise Value(Crs)
Dividend Yield
Price:Book Value

94,505.89
N/A
65.42

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

-
39.17
42.32

EV:EBITDA (Average)

8 Years
5 Years
3 Years

-
193.41
126.22

Earnings Forecasts:

(Updated: 11-07-2026)

Description 2026 2027 2028 2029
Adj EPS 91 4 95.14 0.71
P/E Ratio 3.61 82.10 3.45 462.54
Revenue 192.45 116.42 75.97 9998.35
EBITDA 12663.2 15804.1 19630.4 734.2
Net Income 1125.41 1579.21 2168.51 204.37
ROA 466.08 778.05 1183.82 6.67
P/B Ratio 0.88 -5.52 -0.39 62.20
ROE 46.53 33.43 23.22 14.36
FCFF 27.84 32.68 34.76 239.56
FCFF Yield 390.93 741.71 1031.73 0.26
Net Debt 0.43 0.82 1.13 716.48
BVPS 373.59 -59.5 -833.29 5.28

Quarterly Results

Consolidated Figures in Rs. Crores /

Standalone

Description Mar 26 Mar 25 Var% Dec 25 Dec 24 Var% Sep 25 Sep 24 Var% Jun 25 Jun 24 Var%
Net Sales 102.03 88.57 15.20% 95.67 119.14 -19.70% 76.97 109.41 -29.65% 81.83 102.83 -20.42%
Expenses 103.34 100.35 2.98% 105.44 123.30 -14.48% 94.53 122.87 -23.07% 98.94 113.90 -13.13%
EBITDA -1.31 -11.78 - -9.77 -4.16 - -17.56 -13.46 - -17.11 -11.07 -
EBIDTM -1.28% -13.30% -10.21% -3.49% -22.81% -12.30% -20.91% -10.77%
Other Income 61.13 37.34 63.71% 47.53 41.01 15.90% 40.56 39.81 1.88% 40.10 39.18 2.35%
Interest 4.65 1.98 134.85% 2.67 2.50 6.80% 2.50 1.56 60.26% 2.35 1.86 26.34%
Depreciation 5.43 3.38 60.65% 3.71 2.87 29.27% 3.98 3.00 32.67% 3.20 2.32 37.93%
PBT 49.74 20.20 146.24% 29.25 31.48 -7.08% 16.52 21.79 -24.19% 17.44 23.93 -27.12%
Tax 8.70 5.58 55.91% 7.57 7.02 7.83% 4.27 5.63 -24.16% 4.52 -18.30 -
PAT 41.04 14.62 180.71% 21.68 24.46 -11.37% 12.25 16.16 -24.20% 12.92 42.23 -69.41%
PATM 40.22% 16.51% 22.66% 20.53% 15.92% 14.77% 15.79% 41.07%
EPS 0.14 0.05 180.00% 0.08 0.09 -11.11% 0.04 0.06 -33.33% 0.05 0.15 -66.67%

Description Mar 26 Mar 25 Var% Dec 25 Dec 24 Var% Sep 25 Sep 24 Var% Jun 25 Jun 24 Var%
Net Sales 2,648.17 2,061.76 28.44% 2,873.26 2,267.21 26.73% 2,345.98 1,874.74 25.14% 2,154.94 1,746.11 23.41%
Expenses 2,425.25 1,928.41 25.76% 2,643.50 2,126.43 24.32% 2,187.03 1,771.08 23.49% 2,014.26 1,649.99 22.08%
EBITDA 222.92 133.35 67.17% 229.76 140.78 63.21% 158.95 103.66 53.34% 140.68 96.12 46.36%
EBIDTM 8.42% 6.47% 8.00% 6.21% 6.78% 5.53% 6.53% 5.50%
Other Income 9.15 8.95 2.23% 6.26 5.53 13.20% 8.03 5.45 47.34% 9.33 7.33 27.29%
Interest 26.33 29.85 -11.79% 29.16 31.93 -8.68% 31.47 24.23 29.88% 30.16 21.31 41.53%
Depreciation 84.22 72.90 15.53% 80.88 69.82 15.84% 79.09 63.62 24.32% 76.14 60.06 26.77%
PBT 121.52 39.55 207.26% 109.62 44.56 146.01% 55.38 21.26 160.49% 43.71 22.08 97.96%
Tax 42.77 20.50 108.63% 41.88 17.59 138.09% 22.40 7.82 186.45% 19.24 7.84 145.41%
PAT 78.75 19.05 313.39% 67.74 26.97 151.17% 32.98 13.44 145.39% 24.47 14.24 71.84%
PATM 2.97% 0.92% 2.36% 1.19% 1.41% 0.72% 1.14% 0.82%
EPS 0.27 0.07 285.71% 0.22 0.09 144.44% 0.12 0.04 200.00% 0.08 0.03 166.67%

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 356.50 419.95 312.52 275.46 187.70 145.81 187.66 102.06 Net Sales Growth -15.11% 34.38% 13.45% 46.76% 28.73% -22.30% 83.87% Cost Of Goods Sold 152.56 192.49 131.08 113.55 58.84 64.58 65.20 31.31 Gross Profit 203.94 227.46 181.44 161.91 128.86 81.23 122.46 70.76 GP Margin 57.21% 54.16% 58.06% 58.78% 68.65% 55.71% 65.26% 69.33% Total Expenditure 402.25 461.56 387.56 318.21 171.64 148.60 184.12 112.98 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 -45.75 -41.61 -75.04 -42.75 16.06 -2.79 3.54 -10.92 EBITDA Margin -12.83% -9.91% -24.01% -15.52% 8.56% -1.91% 1.89% -10.70% Other Income 189.32 158.47 184.64 133.97 116.26 60.25 30.50 17.19 Interest 12.17 7.99 6.96 7.55 5.95 4.21 4.88 2.69 Depreciation 16.32 11.58 8.72 7.26 4.68 8.43 7.40 4.01 PBT 112.95 97.29 93.92 76.40 121.69 44.83 21.76 -0.42 Tax 25.06 -0.07 -27.10 19.32 18.18 8.64 6.69 -1.20 Tax Rate 22.19% -0.07% -28.85% 25.29% 14.94% 19.27% 30.74% 285.71% PAT 87.89 97.36 121.02 57.08 103.51 36.19 15.07 0.78 PAT before Minority Interest 87.89 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 24.65% 23.18% 38.72% 20.72% 55.15% 24.82% 8.03% 0.76% PAT Growth -9.83% -19.55% 112.02% -44.86% 186.02% 140.15% 1,832.05% EPS 0.31 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 10,022.35 7,949.82 6,385.62 5,143.80 3,773.93 2,440.89 1,767.53 1,159.02 Net Sales Growth 26.07% 24.50% 24.14% 36.30% 54.61% 38.10% 52.50% Cost Of Goods Sold 5,506.53 4,472.66 3,646.39 2,865.68 2,130.01 1,492.58 1,009.45 708.43 Gross Profit 4,515.82 3,477.16 2,739.23 2,278.12 1,643.92 948.32 758.08 450.59 GP Margin 45.06% 43.74% 42.90% 44.29% 43.56% 38.85% 42.89% 38.88% Total Expenditure 9,270.04 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 752.31 474.78 346.86 257.05 161.71 158.24 85.71 24.89 EBITDA Margin 7.51% 5.97% 5.43% 5.00% 4.28% 6.48% 4.85% 2.15% Other Income 32.77 27.26 29.94 30.21 29.30 11.76 10.55 5.04 Interest 117.12 108.19 83.55 75.62 47.30 32.29 46.24 26.69 Depreciation 320.33 266.40 224.23 173.26 96.41 71.59 64.55 34.54 PBT 330.23 127.45 69.02 38.39 47.31 66.12 -14.53 -31.29 Tax 126.29 53.75 25.31 13.57 6.02 4.48 8.47 -4.86 Tax Rate 38.24% 42.17% 36.67% 35.35% 12.72% 6.78% -58.29% 15.53% PAT 203.94 67.71 36.23 23.12 41.08 61.55 -23.27 -26.41 PAT before Minority Interest 199.44 73.70 43.71 24.82 41.29 61.65 -23.00 -26.43 Minority Interest -4.50 -5.99 -7.48 -1.70 -0.21 -0.10 -0.27 0.02 PAT Margin 2.03% 0.85% 0.57% 0.45% 1.09% 2.52% -1.32% -2.28% PAT Growth 176.72% 86.89% 56.70% -43.72% -33.26% - - EPS 0.71 0.24 0.13 0.08 0.14 0.21 -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

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Annual Reports:

News Update:

Nykaa collaborates with OpenAI
17th Jun 2026, 13:05 PM

The collaboration is to introduce artificial intelligence-driven shopping experiences and make its catalogue directly accessible to users through ChatGPT
Read More
FSN E-Commerce - Quarterly Results
22nd May 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.

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