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NIFTY 5024,980.40+0.35%
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GOLD 24K (10g)₹75,420+0.38%
SILVER (1kg)₹88,400-0.12%
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FSN E-Commerce Ventures Limited

FSN E-Commerce Ventures Limited

NSE: NYKAA
Internet RetailConsumer CyclicalLARGE CAPMCap ₹98.87k Cr
₹345.00₹6.60 (+1.95%)

Market Closed • NSE

Market cap₹98.87k Cr
Enterprise value₹97.78k Cr
P/E TTM387.64
Forward P/E118.46
P/B68.70
EPS TTM₹0.89
Forward EPS₹2.91
ROCE17.20%
D/E0.83
Dividend yield0.00%
Face value₹1.00
52W high₹349.55
52W low₹232.00
Price chart(1Y)
1Y Return:+26.14% (+₹71.50)
H: ₹349.55L: ₹262.8
1W+1.47%
1M+6.56%
3M+5.20%
6M+31.75%
1Y+32.11%
Today at a glance

Day range

₹336.65₹345.40

52 week range

₹232.00₹349.55
Volume2.67M0.56x 20D avg
Free float50.00%-43.80% volume

FSN E-Commerce Ventures Limited closed at INR345.00 (+1.95%) on volume 0.56x its 20-day average, trading 1.3% below its 52-week high.

Technical analysis
RSI (14)57.3Neutral (30–70)
MACDBULLISHBullish (Above signal)
ATR (14)₹9.08Moderate
SMA 20₹335.08BULLISH
SMA 50₹334.30BULLISH
SMA 100₹319.87BULLISH
SMA 200₹289.22BULLISH
CPR bottom₹336.63
Pivot₹337.22
CPR top₹337.81
What changed recently?

2026-Q2

Q2 FY2026 Financial Results

PAT moved +1.3% QoQ

2022-11-10

BONUS Announced

Bonus 5:1

2026-10-16

Trading Near 52-Week High

Currently trading within 1.3% of 52-week peak (INR349.55)

Shariah audit
Methodology: AAOIFI Shariah Standard No. 21
PASS4/4 criteria
Shariah Compliant
CriteriaNumeratorDenominatorValueThresholdStatus
Interest-bearing debt ratio₹1.24k Cr₹98.87k Cr1.25%≤ 33%PASS
Non-halal income ratio–₹10.02k Cr0.00%≤ 5%PASS
Illiquid assets ratio₹4.43k Cr₹4.61k Cr96.16%≥ 20%PASS
Receivables ratio–₹4.61k Cr—≤ 49%PASS
Valuation & sector context
MetricCompanySector
P/E387.6426.80
Forward P/E118.46—
P/B68.702.70
EV/EBITDA—18.00
PEG—1.00
Earnings yield0.303.70
Growth & profitability
RevenuePAT
FY24PAT margin 0.60%
FY25PAT margin 0.90%
FY26PAT margin 2.00%

Revenue and PAT bars use independent scales to make their year-on-year direction readable.

Revenue CAGR 3Y+8.00%
Revenue CAGR 5Y+9.60%
PAT CAGR 3Y+40.40%
PAT CAGR 5Y+44.00%
Operating margin5.27%
Net margin2.40%
Financial health & cash flow
Net debt₹1.06k CrModerate
Interest coverage3.70xEBIT / interest
CFO / PAT3.74x3Y average
Net debt / EBITDA—Leverage
Operating cash flow₹644.3 Cr
Capital expenditure–
Free cash flow₹490.4 Cr
Financial statements

Complete reported financial history · Values use the company's reporting currency

Hover over the chart for exact reported values. Percentage lines use the right-hand axis.

Fundamental scorecard
Overall65/100
Valuation35/100
Profitability80/100
Financial health80/100

A 0–100 quantitative summary of reported fundamentals. Use the underlying financials and risks for context; the score is not a buy or sell recommendation.

Strengths, risks & investment thesis

Strengths

Strong Capital Efficiency: ROCE stands at 17.2%

High Cash Flow Conversion: CFO/PAT averaged 3.74x over last 3 years

Risks

Stretched Valuation: Trading at a high P/E multiple of 387.6x

Bull case

Market Leadership: Established operational scale in Internet Retail.

Bear case

Macro Headwinds: Fluctuations in interest rates and sector-specific policy shifts could compress multiples.

Flip condition

Sustained quarterly EBITDA margin expansion above 20% would trigger an upgrade.

Shareholding pattern
Quarterly ownership historyLatest valid period · December 2024

Ownership distribution

Dec 2024Latest holding

Category trends

Hover over a period for exact holdings

60%40%20%0%Sept 2024Dec 2024
37.81%Institutional holding
10.12%Public holding
2Periods available
0.00%Promoter pledged
3.84LShareholders
Corporate Action

Complete dividend, bonus, split, rights and other action history

Record dateCorporate actionInformationAnnouncement dateEx-date
11 Nov 2022Bonus issue5:1 bonus ratio—10 Nov 2022
Delivery participation

Traded volume and delivery percentage across the latest 20 sessions

Average delivery (20D)54.66%-7.14% latest vs average
Highest delivery67.55%on 18 Sept
Average volume (20D)4.75MTrading-session average
Conviction trendWeakening-7.14% latest reading
Traded volumeDelivery %
Peer comparison

Compare valuation, latest quarterly performance and year-on-year growth

8 companies
Company nameMarket cap ₹ CrP/E ratioDividend yield %Quarterly sales ₹ CrProfit after tax ₹ CrSales growth %Profit growth %
Titan Company Limited
Titan Company LimitedTITAN
Open analysis
₹3.94L68.510.34%₹21,356.00₹1,777.00+29.25%+62.88%
Maruti Suzuki India Limited
Maruti Suzuki India LimitedMARUTI
Open analysis
₹3.61L25.201.22%₹52,470.00₹3,447.00+35.92%-9.10%
Mahindra & Mahindra Limited
Mahindra & Mahindra LimitedM&M
Open analysis
₹3.51L17.781.15%₹41,959.00₹3,685.00+22.89%+6.81%
Eternal Limited
Eternal LimitedETERNAL
Open analysis
₹3.00L692.130.00%₹3,349.00₹585.00+38.79%-2.82%
Bajaj Auto Limited
Bajaj Auto LimitedBAJAJ-AUTO
Open analysis
₹2.86L24.741.44%₹17,243.72₹2,982.84+36.35%+34.94%
Eicher Motors Limited
Eicher Motors LimitedEICHERMOT
Open analysis
₹2.00L34.661.13%₹6,632.00₹1,463.00+31.54%+21.41%
TVS Motor Company Limited
TVS Motor Company LimitedTVSMOTOR
Open analysis
₹1.95L56.760.30%₹16,296.00₹1,058.00+33.46%+64.54%
Samvardhana Motherson International Limited
Samvardhana Motherson International LimitedMOTHERSON
Open analysis
₹1.70L38.550.31%₹35,244.00₹1,076.00+16.66%+77.56%
About FSN E-Commerce Ventures Limited
FSN E-Commerce Ventures Limited

FSN E-commerce Ventures Ltd. (FSNEV) popularly known as "Nykaa" is a digitally native consumer technology platform, delivering a content-led, lifestyle retail experience to consumers. The company has a diverse portfolio of beauty, personal care, and fashion products, including owned brand products manufactured by it.[1]

IndiaConsumer Cyclical

Questions investors ask
Is FSN E-Commerce Ventures Limited Shariah compliant?

FSN E-Commerce Ventures Limited is currently screened as Shariah Compliant under AAOIFI Shariah Standard No. 21. Business activities align with Shariah permissible sectors. Debt to Market Cap (1.25%) complies with AAOIFI threshold (≤ 33%).

What is FSN E-Commerce Ventures Limited's current valuation relative to peers?

FSN E-Commerce Ventures Limited trades at a P/E of 387.6x compared to the sector median of 26.8x, and a Price-to-Book of 68.7x.

Is the company financially healthy?

The company has a Debt-to-Equity ratio of 0.83x. Interest coverage is 3.7x.

What are the historical revenue and profit growth rates?

Over the past 5 years, revenue compounded at 9.6% while net profit growth averaged 44%.

Market data is informational and may be delayed. Shariah screening follows the displayed methodology. This is not investment advice.

Market data may be delayed. Quote date: 2026-10-16. Financial figures relate to their stated reporting periods. This information is for research and is not a recommendation to buy or sell.