FSN E-Commerce Ventures Limited NYKAA NIFTY_MIDNSEAITECH
Company Overview
FSN E-Commerce Ventures Limited, through its subsidiaries, manufactures, sells, and distributes beauty and lifestyle products in India and internationally. It operates through three segments: Beauty, Fashion, and Others. The company offers makeup for face, eyes, lips, and nails, as well as makeup palettes and tools and brushes; body, eye lip, sun, and hands and feet care products, as well as moisturizers, serums, cleansers, masks, toners, skin tools and supplements, neck creams, Korean beauty products, and specialized skincare; hair care and styling products, as well as tools and accessories; appliances; bath and shower, feminine hygiene, female and male grooming products, hygiene essentials, and oral care; and natural products. It also provides diaper essentials, baby accessories and hygiene, nursing and feeding items, and products for moms; health and wellness, including beauty boosters, daily nutrition, mind and mood, fitness and recovery, intimate wellness, herbal and ayurvedic, and women's health products; men essentials; fragrances; and lingerie, watches, sunglasses, bags, footwear, jewellery, and home essentials. In addition, the company offers marketing support services. It sells its products under various brand names through online portals or websites, such as e-commerce, m-commerce, internet, and intranet, as well as physical stores, stalls, and general and modern trade. The company was incorporated in 2012 and is based in Mumbai, India.
Why Investors Should Care
Return on capital employed stands at 24.0%.
Net profit has compounded at 118.0% per year over the last five years.
Revenue has grown at a 24.7% CAGR over the past five years.
Generates positive free cash flow, funding growth and shareholder returns internally.
Recent Developments
- Mar 2026 Revenue of ₹9,929.42 Cr (+25.9% YoY); net profit ₹199.44 Cr.
- Trailing 12 Months Year-on-year growth — revenue +25.9%, earnings +201.8%.
- 5-Year Trend Long-term compounding — revenue CAGR 24.7%, profit CAGR 118.0%.
Growth & Price Performance
Compounded Sales Growth
| 5 Years: | 24.73% |
| 1 Year: | 25.93% |
Compounded Profit Growth
| 5 Years: | 117.96% |
| 1 Year: | 201.82% |
Stock Price Performance
| 1 Year: | +62.48% |
| 6 Months: | +30.49% |
| 3 Months: | +24.51% |
| 1 Month: | +0.17% |
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 24.0%.
- Compounding revenue at 24.7% 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 475.0.
* 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 | 332.50 | 475.00 | ₹95,202.31 Cr | 0.00% | 23.95% | 13.87% | 24.73% | 117.96% |
| 2 | TITAN Titan Company Limited NIFTY50NSE | 5,020.00 | 87.82 | ₹4.46 L Cr | 0.30% | 38.43% | 32.31% | 29.24% | 16.00% |
| 3 | MARUTI Maruti Suzuki India Limited NIFTY50NSEAI | 12,694.00 | 27.19 | ₹3.99 L Cr | 0.99% | 17.22% | 13.70% | 15.90% | 21.11% |
| 4 | M&M Mahindra & Mahindra Limited NIFTY50NSEAI | 3,170.00 | 20.83 | ₹3.94 L Cr | 0.97% | 17.14% | 18.37% | 17.50% | 18.48% |
| 5 | BAJAJ-AUTO Bajaj Auto Limited NIFTY50NSE | 11,919.00 | 31.01 | ₹3.33 L Cr | 1.29% | 26.12% | 27.67% | 19.49% | 21.03% |
| 6 | ETERNAL Eternal Limited NSEAITECH | 322.75 | 827.56 | ₹3.11 L Cr | 0.00% | 2.86% | 1.18% | 97.70% | 45.90% |
| 7 | EICHERMOT Eicher Motors Limited NIFTY50NSEAI | 7,630.50 | 38.01 | ₹2.09 L Cr | 1.03% | 26.43% | 21.97% | 17.47% | 23.70% |
| 8 | TVSMOTOR TVS Motor Company Limited NSE | 4,133.10 | 65.06 | ₹1.96 L Cr | 0.27% | 28.82% | 31.56% | 20.21% | 31.46% |
| 9 | HYUNDAI HYUNDAI MOTOR INDIA LTD NSE | 2,205.00 | 32.98 | ₹1.79 L Cr | 0.95% | 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 | Jun 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 | 2,782.00 Cr |
| Cost of Revenue | - | - | - | - | - | - | - | - | 1,152.74 Cr | 1,193.43 Cr | 1,292.44 Cr | 1,575.78 Cr | 1,444.88 Cr | 1,506.42 Cr |
| Gross Profit | - | - | - | - | - | - | - | - | 909.02 Cr | 961.51 Cr | 1,053.54 Cr | 1,297.48 Cr | 1,203.29 Cr | 1,275.58 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 | 1,128.99 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 | 146.59 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 | 245.36 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 | 26.74 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 | 129.16 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 | 49.40 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 | 80.04 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 | 0.28 |
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 | 7,884.70 Cr | 9,929.42 Cr |
| Cost of Revenue | - | - | - | - | - | 2,961.69 Cr | 3,720.98 Cr | 4,551.41 Cr | 5,598.96 Cr |
| Gross Profit | - | - | - | - | - | 2,155.80 Cr | 2,619.03 Cr | 3,333.29 Cr | 4,330.46 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 | 3,121.39 Cr | 3,889.87 Cr |
| Operating Income | -34.00 Cr | -10.00 Cr | 23.00 Cr | 86.00 Cr | - | 83.80 Cr | 122.63 Cr | 211.90 Cr | 440.59 Cr |
| EBITDA | -27.00 Cr | 21.00 Cr | 83.00 Cr | 158.00 Cr | - | 283.67 Cr | 374.08 Cr | 499.00 Cr | 764.21 Cr |
| Interest Expense | 7.00 Cr | 27.00 Cr | 46.00 Cr | 32.00 Cr | - | 72.02 Cr | 80.83 Cr | 105.15 Cr | 113.65 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% | 42.3% | 43.6% |
| Operating Margin % | -5.9% | -0.9% | 1.3% | 3.5% | - | 1.6% | 1.9% | 2.7% | 4.4% |
| 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% | 11.6% | 23.8% |
Shareholding Pattern
Analyst View
Analyst aggregate. Targets and ratings update periodically; not investment advice.
Latest News
Recent headlines for NYKAA
Nykaa Stock And 2 Indian Growth Shares With Strong Insider Backing - webull.com
<a href="https://news.google.com/rss/articles/CBMiWEFVX3lxTFBvQ0NBcjNtdzkxZUZWcE95dnBPOTg0S09xa3RpdEhXajhqTmJYNzlIcGpCYWFRRWJJYndQQno0MzlVcmJyLV9Sb1VtM2U1ZHVpc2J5N3dROGs?oc=5" target="_blank">Nykaa Stock And 2 Indian Growth Shares With Stro…
Stock Picks Today: Infosys, Tata Power, Adani Ports, Nykaa, RBL Bank, And More On Brokerages' Radar - NDTV Profit
<a href="https://news.google.com/rss/articles/CBMi-wFBVV95cUxQNWttRHZJY2dGT0ZYM2dBczhrYlV6aG5uNjdQejJHUk41aXFnNDlHM2s5ckwtSEkwUVppaWphc1BOMmtzemd2YmhpZ3VIN3V5YW56UUV0SWVtcXk5U1FvODkzWVJJN21xMGhETUFLaHJKajVwN0lNeGVHS0Fxb1NJODd1Yk9kUFZaTmg5S1…
Nykaa completes acquisition of 24.2% stake in Earth Rhythm subsidiary - scanx.trade
<a href="https://news.google.com/rss/articles/CBMiuwFBVV95cUxQYmcxODg2RlNrZ2FQcTFTOG5VZkdONmVBbWhuMHk0WmdIeENKaHlnUFBGRXYyNUxoU3hlVlR1Q3dvQmRsUEJtY0NZSGpGUmIyZmlTMW9RXy1pbVcydjRYS3FBV1dlc0gxTjlFNkdDZWVSdmlZdXFWdjFDaVNkbGliaTVIMFpXR3lBVVFRak…
Nykaa - Festive stock picks: 10 stocks to buy ahead of the festive season. Do you own any? - The Economic Times
<a href="https://news.google.com/rss/articles/CBMi7gFBVV95cUxNWEFqWWRGNFgyTHdIV1dCRHJXeGw0OV9wNmQ4TzZoMmFLUm9kVEZjSGRqTHZnamduYUROODVNaWpPT0RhQWRnbklHeFEzVmZnY0p2YWRaOTNEWEQwUHRnTThXTndaRElJUlZfRjJBNEVTRGtzelV6VndPUzNXR0FFUWFNSk8tOVc3bm4tWk…
Earnings call transcript: Nykaa Q1 2026 growth accelerates as stock eases - Investing.com
<a href="https://news.google.com/rss/articles/CBMixwFBVV95cUxOQThVVTVjbG1RSEVhRlRQbnR4dmxVQm9SNlhISmZLcUw3MG5RSEFVd25oN0JRNUZMemRSRm9QMGZLdGNreWhsYXlRdXMwb09WY1E4SXlJWER4U05LUmVMM29teHJFOHhCWE96MEt5VmczNDByeEQ3VnNCallpVWhLVHd4ZzRhX21GTDcxUU…
FSN E-Commerce Ventures Nykaa Shares Decline 2% Amidst Strong Financial Performance - TradingView
<a href="https://news.google.com/rss/articles/CBMi3gFBVV95cUxPQ3N3VXo5Zzlpd2NKcU5vUDdjSGdrYlJWNTc0Yzg3S2NJOHB3aXZWeFlLejNobzdJLXhnOUxVemRqbURVRl9aZGEycEE1MmlLOVFVR0s0SExOM0RTZnFXbjhWVk5zNExFZ2JLeVRHQTdMV0NXU2ZpNGJhTUxHaWJKVzg4NUFSLVNGRmJfWn…
NYKAA — Frequently Asked Questions
What is the current share price of FSN E-Commerce Ventures Limited (NYKAA)?
As of 2026-09-08 04:53 IST, FSN E-Commerce Ventures Limited (NYKAA) trades at ₹332.50 on NSE. Its 52-week range is ₹204.64 to ₹349.55.
What is the market capitalisation of NYKAA?
FSN E-Commerce Ventures Limited (NYKAA) has a market capitalisation of ₹95,202.31 Cr on NSE.
What is the P/E ratio of NYKAA?
NYKAA trades at a trailing price-to-earnings (P/E) ratio of 475.00. The industry average P/E is 30.95. Its price-to-book (P/B) ratio is 66.11.
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 23.95%.
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.