FSN E-Commerce Ventures Limited NYKAA NIFTY_MIDNSEAITECH
Company Overview
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.
Why Investors Should Care
Return on capital employed stands at 24.1%.
Net profit has compounded at 118.0% per year over the last five years.
Revenue has grown at a 25.1% CAGR over the past five years.
Generates positive free cash flow, funding growth and shareholder returns internally.
Recent Developments
- Mar 2026 Revenue of ₹10,022.35 Cr (+26.1% YoY); net profit ₹199.44 Cr.
- Trailing 12 Months Year-on-year growth — revenue +26.1%, earnings +201.8%.
- 5-Year Trend Long-term compounding — revenue CAGR 25.1%, profit CAGR 118.0%.
Growth & Price Performance
Compounded Sales Growth
| 5 Years: | 25.11% |
| 1 Year: | 26.07% |
Compounded Profit Growth
| 5 Years: | 117.96% |
| 1 Year: | 201.82% |
Stock Price Performance
| 1 Year: | +49.44% |
| 6 Months: | +27.76% |
| 3 Months: | +23.57% |
| 1 Month: | +18.95% |
Highlights auto-generated from reported financials and price data; not investment advice. Verify with official filings before acting.
Nykaa (FSN E-Commerce) uses AI for skin tone matching, product recommendation, virtual try-on, and inventory optimisation. AR/AI try-on for Nykaa Beauty App.
- AI personalisation & recommendations Nykaa uses AI for product recommendations, search and personalised beauty/fashion discovery across its app and website.
- AI virtual try-on & content AR/AI virtual try-on and AI-generated content improve conversion and engagement in beauty retail.
- Demand forecasting & supply chain AI Machine-learning demand forecasting optimises inventory across its omnichannel network.
- AI lifts conversion and basket size in a high-frequency beauty/fashion franchise.
- Strong revenue growth (~26%) and a profitable core beauty business.
- Very high P/E ~370 leaves no room for execution slips.
- Thin margins and fashion-segment losses are the key risks.
Curated from public filings and analyst commentary; figures are illustrative.
Price Chart
Technical Trend
Computed from daily close history using EMA cross, slope, and RSI signals.
Note: intraday data is not stored locally. “Hourly” uses the most recent 10 daily candles as a short-term proxy.
Fundamental Growth Charts
No fundamental data available for this stock.
Interactive charts for Revenue, Net Income, EBITDA, Free Cash Flow, EPS, ROE, ROCE, Gross/Net/Operating Margin and more — switch metric and period using the dropdowns above. CAGR is computed across the displayed window (quarterly CAGR is annualised). Visual growth charts make it easy to spot multi-year compounding trends at a glance — far faster than reading raw numbers in a table.
PROS
- Healthy ROCE of 24.1%.
- Compounding revenue at 25.1% over 5 years.
- Profit CAGR of 118.0% over 5 years.
- Generates positive free cash flow.
- In a confirmed uptrend (50-DMA above 200-DMA).
CONS
- Trading at a high P/E of 463.6.
* The pros and cons are auto-generated from financial metrics.
Valuation
Growth (CAGR)
Profitability & Returns
Balance Sheet & Liquidity
Ownership
Financial Snapshot
Peer comparison
Peer companies in the same sector (Consumer Cyclical).
| # | Name | CMP ₹ | P/E | Mkt Cap | Div Yld % | ROCE % | ROE % | Rev CAGR 5Y % | Profit CAGR 5Y % |
|---|---|---|---|---|---|---|---|---|---|
| 1 | NYKAA FSN E-Commerce Ventures Limited NIFTY_MIDNSEAITECH | 324.50 | 463.57 | ₹92,911.73 Cr | 0.00% | 24.14% | 13.87% | 25.11% | 117.96% |
| 2 | MARUTI Maruti Suzuki India Limited NIFTY50NSEAI | 13,542.00 | 29.36 | ₹4.26 L Cr | 1.01% | 17.22% | 13.70% | 16.60% | 21.11% |
| 3 | TITAN Titan Company Limited NIFTY50NSE | 4,602.10 | 80.47 | ₹4.09 L Cr | 0.33% | 38.43% | 32.31% | 29.24% | 16.00% |
| 4 | M&M Mahindra & Mahindra Limited NIFTY50NSEAI | 3,108.80 | 20.43 | ₹3.87 L Cr | 1.05% | 17.14% | 18.37% | 17.50% | 18.48% |
| 5 | BAJAJ-AUTO Bajaj Auto Limited NIFTY50NSE | 10,348.50 | 26.92 | ₹2.89 L Cr | 1.48% | 26.12% | 27.67% | 19.49% | 21.03% |
| 6 | ETERNAL Eternal Limited NSEAITECH | 290.35 | 744.49 | ₹2.80 L Cr | 0.00% | 2.87% | 1.18% | 97.70% | 45.90% |
| 7 | EICHERMOT Eicher Motors Limited NIFTY50NSEAI | 7,354.50 | 42.67 | ₹2.02 L Cr | 1.11% | 26.43% | 21.97% | 17.47% | 23.70% |
| 8 | TVSMOTOR TVS Motor Company Limited NSE | 3,644.70 | 57.37 | ₹1.73 L Cr | 0.33% | 28.82% | 31.56% | 20.21% | 31.46% |
| 9 | HYUNDAI HYUNDAI MOTOR INDIA LTD NSE | 2,035.00 | 30.44 | ₹1.65 L Cr | 1.06% | 32.62% | 27.14% | 5.50% | 4.87% |
Financial Statements Quarterly Results · Profit & Loss · Balance Sheet · Cash Flows · Ratios
Quarterly Results
Figures in INR.
| Metric | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 1,302.00 Cr | 1,422.00 Cr | 1,507.00 Cr | 1,789.00 Cr | 1,668.00 Cr | 1,746.00 Cr | 1,875.00 Cr | - | 2,061.76 Cr | 2,154.94 Cr | 2,345.98 Cr | 2,873.26 Cr | 2,648.17 Cr |
| Cost of Revenue | - | - | - | - | - | - | - | - | 1,152.74 Cr | 1,193.43 Cr | 1,292.44 Cr | 1,575.78 Cr | 1,444.88 Cr |
| Gross Profit | - | - | - | - | - | - | - | - | 909.02 Cr | 961.51 Cr | 1,053.54 Cr | 1,297.48 Cr | 1,203.29 Cr |
| Operating Expenses | 1,231.00 Cr | 1,348.00 Cr | 1,426.00 Cr | 1,690.00 Cr | 1,575.00 Cr | 1,650.00 Cr | 1,771.00 Cr | - | 848.58 Cr | 896.97 Cr | 973.68 Cr | 1,148.60 Cr | 1,064.59 Cr |
| Operating Income | 18.00 Cr | 21.00 Cr | 26.00 Cr | 41.00 Cr | 33.00 Cr | 36.00 Cr | 40.00 Cr | - | 60.44 Cr | 64.54 Cr | 79.86 Cr | 148.88 Cr | 138.70 Cr |
| EBITDA | 71.00 Cr | 73.00 Cr | 81.00 Cr | 99.00 Cr | 93.00 Cr | 96.00 Cr | 104.00 Cr | - | 142.31 Cr | 150.01 Cr | 165.94 Cr | 219.66 Cr | 232.07 Cr |
| Interest Expense | 19.00 Cr | 19.00 Cr | 21.00 Cr | 22.00 Cr | 21.00 Cr | 21.00 Cr | 24.00 Cr | - | 29.85 Cr | 30.16 Cr | 31.47 Cr | 29.16 Cr | 26.33 Cr |
| Pretax Income | 9.00 Cr | 10.00 Cr | 13.00 Cr | 26.00 Cr | 20.00 Cr | 22.00 Cr | 21.00 Cr | - | 39.55 Cr | 43.71 Cr | 55.38 Cr | 109.62 Cr | 121.52 Cr |
| Tax Provision | 4.59 Cr | 3.40 Cr | 3.90 Cr | 8.06 Cr | 10.00 Cr | 7.92 Cr | 7.77 Cr | - | 20.50 Cr | 19.24 Cr | 22.40 Cr | 41.88 Cr | 42.77 Cr |
| Net Income | 2.00 Cr | 5.00 Cr | 8.00 Cr | 17.00 Cr | 9.00 Cr | 14.00 Cr | 13.00 Cr | - | 20.28 Cr | 23.32 Cr | 34.43 Cr | 63.31 Cr | 78.38 Cr |
| Diluted EPS | 0.01 | 0.01 | 0.02 | 0.06 | 0.02 | 0.03 | 0.04 | - | 0.07 | 0.08 | 0.12 | 0.22 | 0.27 |
Profit & Loss (Annual)
Figures in INR.
| Metric | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 574.00 Cr | 1,111.00 Cr | 1,768.00 Cr | 2,441.00 Cr | - | 5,117.48 Cr | 6,340.01 Cr | 7,949.82 Cr | 10,022.35 Cr |
| Cost of Revenue | - | - | - | - | - | 2,961.69 Cr | 3,720.98 Cr | 4,472.66 Cr | 5,506.53 Cr |
| Gross Profit | - | - | - | - | - | 2,155.80 Cr | 2,619.03 Cr | 3,477.16 Cr | 4,515.82 Cr |
| Operating Expenses | 601.00 Cr | 1,091.00 Cr | 1,685.00 Cr | 2,283.00 Cr | - | 2,072.00 Cr | 2,496.40 Cr | 3,269.65 Cr | 4,083.84 Cr |
| Operating Income | -34.00 Cr | -10.00 Cr | 23.00 Cr | 86.00 Cr | - | 83.80 Cr | 122.63 Cr | 207.51 Cr | 431.98 Cr |
| EBITDA | -27.00 Cr | 21.00 Cr | 83.00 Cr | 158.00 Cr | - | 283.67 Cr | 374.08 Cr | 501.17 Cr | 767.68 Cr |
| Interest Expense | 7.00 Cr | 27.00 Cr | 46.00 Cr | 32.00 Cr | - | 72.02 Cr | 80.83 Cr | 107.32 Cr | 117.12 Cr |
| Pretax Income | -37.00 Cr | -32.00 Cr | -12.00 Cr | 66.00 Cr | - | 38.40 Cr | 69.02 Cr | 127.45 Cr | 330.23 Cr |
| Tax Provision | 9.25 Cr | 7.36 Cr | -3.72 Cr | 4.62 Cr | - | 13.57 Cr | 25.31 Cr | 53.75 Cr | 126.29 Cr |
| Net Income | -28.00 Cr | -25.00 Cr | -16.00 Cr | 62.00 Cr | - | 19.26 Cr | 32.26 Cr | 66.08 Cr | 199.44 Cr |
| Diluted EPS | -3.47 | -2.87 | -1.90 | 6.82 | - | 0.07 | 0.11 | 0.23 | 0.70 |
Balance Sheet (Annual)
Figures in INR.
| Metric | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|
| Total Assets | 353.00 Cr | 776.00 Cr | 1,124.00 Cr | 1,302.00 Cr | - | 2,949.98 Cr | 3,400.62 Cr | 3,979.53 Cr | 4,611.38 Cr |
| Current Assets | - | - | - | - | - | 1,905.60 Cr | 2,292.95 Cr | 2,677.08 Cr | 3,188.94 Cr |
| Cash & Equivalents | - | - | - | - | - | 41.38 Cr | 75.78 Cr | 124.94 Cr | 177.20 Cr |
| Inventory | - | - | - | - | - | 1,005.14 Cr | 1,192.05 Cr | 1,417.54 Cr | 1,642.16 Cr |
| Receivables | - | - | - | - | - | 163.53 Cr | 241.60 Cr | 246.61 Cr | 289.38 Cr |
| Total Liabilities | - | - | - | - | - | 1,557.82 Cr | 2,119.58 Cr | 2,636.87 Cr | 3,109.28 Cr |
| Current Liabilities | - | - | - | - | - | 1,197.51 Cr | 1,878.87 Cr | 2,160.59 Cr | 2,758.25 Cr |
| Long Term Debt | - | - | - | - | - | 36.10 L | 0 | 110.21 Cr | 18.33 Cr |
| Total Debt | 83.00 Cr | 310.00 Cr | 413.00 Cr | 333.00 Cr | - | 798.49 Cr | 969.48 Cr | 1,320.59 Cr | 1,237.81 Cr |
| Total Equity | 122.00 Cr | 230.00 Cr | 322.00 Cr | 490.00 Cr | - | 1,378.01 Cr | 1,262.23 Cr | 1,301.28 Cr | 1,437.98 Cr |
| Shares Outstanding | - | - | - | - | - | 285.24 Cr | 285.60 Cr | 285.93 Cr | 286.32 Cr |
Cash Flows (Annual)
Figures in INR.
| Metric | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -79.00 Cr | -100.00 Cr | 6.00 Cr | 133.00 Cr | - | -140.24 Cr | 25.00 L | 466.63 Cr | 644.30 Cr |
| Investing Cash Flow | 31.00 Cr | -162.00 Cr | 15.00 Cr | -130.00 Cr | - | 139.58 Cr | -10.11 Cr | -205.43 Cr | -158.94 Cr |
| Financing Cash Flow | 82.00 Cr | 236.00 Cr | 69.00 Cr | -38.00 Cr | - | 4.87 Cr | 44.26 Cr | -212.04 Cr | -433.10 Cr |
| Capital Expenditure | -27.00 Cr | -35.00 Cr | -46.00 Cr | -42.00 Cr | - | -208.16 Cr | -110.73 Cr | -127.22 Cr | -153.87 Cr |
| Free Cash Flow | -106.00 Cr | -135.00 Cr | -40.00 Cr | 91.00 Cr | - | -348.40 Cr | -110.48 Cr | 339.41 Cr | 490.43 Cr |
| Net Change in Cash | 33.00 Cr | -26.00 Cr | 90.00 Cr | -34.00 Cr | - | 4.20 Cr | 34.40 Cr | 49.16 Cr | 52.26 Cr |
Ratios (Annual)
Figures in %.
| Metric | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|
| Gross Margin % | - | - | - | - | - | 42.1% | 41.3% | 43.7% | 45.1% |
| Operating Margin % | -5.9% | -0.9% | 1.3% | 3.5% | - | 1.6% | 1.9% | 2.6% | 4.3% |
| Net Margin % | -4.9% | -2.3% | -0.9% | 2.5% | - | 0.4% | 0.5% | 0.8% | 2.0% |
| ROE % | -23.0% | -10.9% | -5.0% | 12.7% | - | 1.4% | 2.6% | 5.1% | 13.9% |
| ROCE % | - | - | - | - | - | 4.8% | 8.1% | 11.4% | 23.3% |
Shareholding Pattern
Analyst View
Analyst aggregate. Targets and ratings update periodically; not investment advice.
Latest News
Recent headlines for NYKAA
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NYKAA — Frequently Asked Questions
What is the current share price of FSN E-Commerce Ventures Limited (NYKAA)?
As of 2026-07-15 09:52 IST, FSN E-Commerce Ventures Limited (NYKAA) trades at ₹324.50 on NSE. Its 52-week range is ₹202.13 to ₹330.10.
What is the market capitalisation of NYKAA?
FSN E-Commerce Ventures Limited (NYKAA) has a market capitalisation of ₹92,911.73 Cr on NSE.
What is the P/E ratio of NYKAA?
NYKAA trades at a trailing price-to-earnings (P/E) ratio of 463.57. The industry average P/E is 30.43. Its price-to-book (P/B) ratio is 66.30.
What is the return on equity (ROE) of NYKAA?
NYKAA has a return on equity (ROE) of 13.87%. Its return on capital employed (ROCE) is 24.14%.
Is NYKAA a good stock to buy?
This page provides a data-driven analysis of FSN E-Commerce Ventures Limited (NYKAA), including valuation ratios, profitability, growth trends, auto-generated pros and cons, peer comparison and AI exposure. Review these fundamentals alongside your own research and risk tolerance. This is informational content, not investment advice.