FSN E-Commerce Ventures Ltd.

NSE: NYKAA · Consumer Services

₹353.00+0.77%06 Nov 2026

Ask the data

Instant answers about FSN E-Commerce Ventures Ltd. — computed from its filings, no language model

Market cap₹1,01,110 cr

Current price₹353.00

High / Low₹356 / ₹235

P/E313.5

P/B61.10

Book value₹5.8

ROE19.5%

ROCE23.5%

Debt / equity0.60

Dividend yield—

EPS (TTM)₹1.13

Face value₹1

Price & valuation

split & bonus adjusted · pick a metric and range

Annual performance

annual · ₹ crore · line = operating margin

	FY22	FY23	FY24	FY25	FY26
Revenue	3,774	5,144	6,386	7,950	10,022
EBITDA	163	256	346	474	752
Operating margin	4.3%	5.0%	5.4%	6.0%	7.5%
Interest	47	75	83	107	117
Depreciation	96	173	224	266	320
Profit before tax	47	38	69	127	330
Tax	6	14	25	54	126
Net profit	41	19	32	66	199
EPS ₹	0.88	0.07	0.11	0.23	0.70
Operating cash flow	-354	-140	0	467	644
Capex	94	208	111	127	154
Dividend paid	0	0	0	0	0
Total assets	2,646	2,950	3,401	3,980	4,611
Equity	1,340	1,378	1,262	1,301	1,438

Quarterly performance

last 20 quarters · ₹ crore

showing latest 8 of 20 periods

	SEP '21	DEC '21	MAR '22	SEP '22	DEC '22	MAR '23	JUN '23	SEP '23	DEC '23	MAR '24	JUN '24	SEP '24	DEC '24	MAR '25	JUN '25	SEP '25	DEC '25	MAR '26	JUN '26	SEP '26
Revenue	885	1,098	973	1,231	1,463	1,302	1,422	1,507	1,789	1,668	1,746	1,875	2,267	2,062	2,155	2,346	2,873	2,648	2,782	3,006
Operating profit	29	69	39	61	78	71	73	81	99	93	96	104	141	133	141	159	230	223	236	263
Operating margin	3.3%	6.3%	4.0%	5.0%	5.3%	5.4%	5.2%	5.4%	5.5%	5.6%	5.5%	5.5%	6.2%	6.5%	6.5%	6.8%	8.0%	8.4%	8.5%	8.7%
Other income	5	6	11	6	6	10	7	9	8	7	7	5	6	9	9	8	6	9	9	10
Interest	11	13	13	20	20	19	19	21	22	21	21	24	32	30	30	31	29	26	27	31
Depreciation	21	25	30	38	51	53	52	55	58	60	60	64	70	73	76	79	81	84	89	93
Profit before tax	1	37	6	9	13	9	10	13	26	20	22	21	45	40	44	55	110	122	129	149
Tax	0	8	-2	3	3	4	3	4	8	10	8	8	18	20	19	22	42	43	49	47
Net profit	1	28	9	4	8	2	3	6	16	7	10	10	26	20	23	34	63	78	80	101
EPS ₹	0.03	0.60	0.18	0.09	0.03	0.01	0.02	0.02	0.06	0.02	0.03	0.04	0.09	0.07	0.08	0.12	0.22	0.27	0.28	0.35
Revenue YoY	—	—	—	39.0%	33.2%	33.7%	—	22.4%	22.3%	28.1%	22.8%	24.4%	26.7%	23.6%	23.4%	25.1%	26.7%	28.4%	29.1%	28.1%
Profit YoY	—	—	—	251.3%	-70.7%	-71.8%	—	42.3%	97.7%	187.6%	192.1%	71.6%	61.3%	192.6%	141.9%	242.9%	142.4%	286.5%	243.1%	192.8%

Returns & margins

trailing-twelve-month, per quarter

showing latest 8 of 14 periods

	JUN '23	SEP '23	DEC '23	MAR '24	JUN '24	SEP '24	DEC '24	MAR '25	JUN '25	SEP '25	DEC '25	MAR '26	JUN '26	SEP '26
ROE	1.3%	1.4%	2.0%	2.6%	3.1%	3.3%	4.0%	5.1%	6.1%	7.5%	10.2%	13.9%	17.8%	19.5%
ROCE	6.4%	6.0%	6.8%	7.8%	8.6%	7.7%	8.9%	10.4%	11.7%	12.9%	15.5%	20.5%	24.2%	23.5%
Net margin	0.3%	0.3%	0.5%	0.5%	0.6%	0.6%	0.7%	0.8%	1.0%	1.2%	1.5%	2.0%	2.4%	2.9%
EBITDA margin	5.2%	5.3%	5.4%	5.4%	5.5%	5.5%	5.7%	6.0%	6.2%	6.5%	7.0%	7.5%	8.0%	8.4%
Debt / equity	0.33	0.47	0.47	0.54	0.54	0.77	0.77	0.74	0.74	0.71	0.71	0.52	0.52	0.60
Interest coverage	1.51	1.56	1.72	1.83	1.95	2.01	2.09	2.19	2.28	2.48	3.06	3.82	4.66	5.51
Asset turnover	1.84	1.82	1.92	1.88	1.97	1.90	2.03	2.00	2.10	2.04	2.18	2.17	2.31	2.12

Balance sheet

equity vs borrowings over time · ₹ crore

showing latest 6 of 11 periods

	MAR '21‡	MAR '22‡	SEP '22	MAR '23	SEP '23	MAR '24	SEP '24	MAR '25	SEP '25	MAR '26	SEP '26
Share capital	—	—	47	285	285	286	286	286	286	286	286
Other equity / reserves	—	—	1,314	1,093	1,106	977	1,019	1,015	1,102	1,152	1,368
Total equity	490	1,340	1,361	1,378	1,391	1,262	1,305	1,301	1,388	1,438	1,655
Borrowings	188	333	487	460	660	680	1,001	961	990	747	991
Current liabilities	—	—	1,043	1,198	1,539	1,879	2,146	2,161	2,585	2,758	3,228
Non-current liabilities	—	—	473	360	188	241	244	476	308	351	400
Total assets	1,302	2,646	2,886	2,950	3,136	3,401	3,723	3,980	4,332	4,611	5,342
Property, plant & equipment	233	460	578	543	508	497	514	602	658	300	307
Capital work-in-progress	—	—	11	2	1	6	2	3	5	9	4
Investments	1	0	41	38	36	34	33	0	0	0	0
Inventories	498	876	933	1,005	1,094	1,192	1,411	1,418	1,573	1,642	2,210
Receivables	77	94	126	164	176	242	255	247	259	289	271
Cash & equivalents	248	267	26	41	26	76	84	125	113	177	180

Cash flow

annual · ₹ crore · line = free cash flow

	FY22	FY23	FY24	FY25	FY26
Cash from operations	-354	-140	0	467	644
Cash from investing	-603	140	-10	-205	-159
Cash from financing	927	5	44	-212	-433
Capex	94	208	111	127	154
Free cash flow	-448	-348	-110	339	490
Dividends paid	0	0	0	0	0

Where the assets sit

Sep '26 · ₹ crore

Fixed assets (PPE)

₹307 cr6%

CWIP

₹4 cr0%

Investments

₹0 cr0%

Inventories

₹2,210 cr41%

Receivables

₹271 cr5%

Cash & equivalents

₹180 cr3%

Other assets

₹2,371 cr44%

Peer comparison

largest in Consumer Services · this company in bold

Company	Market cap ₹cr	Price	P/E	P/B	ROE
Eternal Ltd.	3,34,461	363.15	678.4	10.69	1.6%
Avenue Supermarts Ltd.	2,23,396	3,425.00	71.7	8.56	11.9%
Trent Ltd.	1,64,172	3,079.00	86.6	21.13	24.4%
Indian Hotels Co. Ltd.	1,26,398	888.00	57.2	9.27	16.2%
Lenskart Solutions Ltd.	1,26,056	724.75	161.6	13.52	8.4%
Meesho Ltd.	1,08,067	233.48	—	25.69	-21.9%
FSN E-Commerce Ventures Ltd.	1,01,110	353.00	313.5	61.10	19.5%
Info Edge (India) Ltd.	77,285	1,191.90	43.8	1.67	3.8%
Swiggy Ltd.	50,087	191.17	—	2.95	-21.1%
Vishal Mega Mart Ltd.	44,037	94.00	77.0	5.58	7.2%

StoxGud checklist: Bullish setup · 8/10

Price above 50-day average
Price above 200-day average
50-day average above 200-day (uptrend)
RSI in healthy 40–70 zone
Positive 1-year return
Return on equity above 15%
Debt to equity below 1
Revenue growing year on year
Net profit margin above 10%
P/E below industry median

A rules-based screen of trend, momentum, quality and valuation. Educational only — not a buy or sell recommendation.

Returns & technicals

1 month+3.4%

6 months+30.8%

1 year+36.8%

3Y CAGR+33.8%

5Y CAGR-0.8%

10Y CAGR—

50-day avg₹337.68

200-day avg₹294.25

RSI (14)55

Compare FSN E-Commerce Ventures Ltd. with

Indian Hotels Co. vs FSN E-Commerce Ventures Lenskart Solutions vs FSN E-Commerce Ventures Meesho vs FSN E-Commerce Ventures FSN E-Commerce Ventures vs Info Edge (India)

FAQs

What is the share price of FSN E-Commerce Ventures Ltd.?

FSN E-Commerce Ventures Ltd. (NYKAA) closed at ₹353.00 on NSE on 06 Nov 2026.

What is the market cap of FSN E-Commerce Ventures Ltd.?

₹1,01,110 crore at the latest close.

What is the P/E ratio of FSN E-Commerce Ventures Ltd.?

313.5, on trailing-twelve-month earnings from its filings.

How fast is FSN E-Commerce Ventures Ltd. growing?

FSN E-Commerce Ventures Ltd.: revenue has compounded at 24.9% a year over three years; net profit at 118.0% a year. Latest-quarter revenue is up 28.1% year on year, profit up 192.8%.

How profitable is FSN E-Commerce Ventures Ltd.?

On a trailing-twelve-month basis return on equity is 19.5%, return on capital employed 23.5%, operating margin 8.4%, net margin 2.9%.

How much debt does FSN E-Commerce Ventures Ltd. have?

FSN E-Commerce Ventures Ltd. is moderately geared: debt to equity is 0.60 with borrowings of ₹991 cr against cash of ₹180 cr (balance sheet of 2026-09-30). Operating profit covers interest 5.5 times.

Financials parsed from FSN E-Commerce Ventures Ltd.'s own XBRL filings to NSE (consolidated), ₹ crore unless marked. Quarterly from SEP '21, annual from FY22, balance sheet from Mar '21. * = derived (full year or half year minus earlier quarters). ‡ = balance sheet / cash flow read from the company's published annual report (same basis), for years before the NSE filings carry them; each one checked to add up. Information only, not investment advice.