FSN E-Commerce Ventures Ltd (NYKAA)
π― Key Takeaways
- Revenue grew 5.1% QoQ to βΉ2,782 in Q1FY27.
- Market Cap
- βΉ91,642
- P/E Ratio
- 359.6
- P/B Ratio
- 63.74
- ROE
- 17.8%
- ROCE
- 24.2%
- Debt/Equity
- 0.52
- Promoter
- 52.1%
π Quarterly Results (βΉ Cr)
| Metric | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|
| Revenue | 2,346 | 2,873 | 2,648 | 2,782 |
| Operating Profit | 80 | 149 | 139 | 147 |
| OPM % | 3.4% | 5.2% | 5.2% | 5.3% |
| Net Profit | 33 | 68 | 79 | 80 |
| EPS | βΉ0.12 | βΉ0.22 | βΉ0.27 | βΉ0.28 |
π¦ Balance Sheet (βΉ Cr)
| Item | Mar 2025 | Mar 2025 | Mar 2026 | Mar 2026 |
|---|---|---|---|---|
| Equity Capital | 286 | 286 | 286 | 286 |
| Reserves | 1,015 | 1,019 | 1,151 | 1,102 |
| Borrowings | 1,321 | 1,306 | 747 | 1,407 |
| Total Liabilities | 3,980 | 3,723 | 4,611 | 4,332 |
| Fixed Assets | 602 | 514 | 1,008 | 658 |
| Investments | 0 | 33 | 0 | 0 |
| Total Assets | 3,980 | 3,723 | 4,611 | 4,332 |
π° Cash Flow Statement (βΉ Cr)
| Item | Mar 2026 |
|---|---|
| Operating | +644 |
| Investing | -159 |
| Financing | -433 |
| Net Cash Flow | +52 |
π₯ Shareholding Pattern
| Category | Q2FY26 | Q3FY26 | Q4FY26 | Q1FY27 |
|---|---|---|---|---|
| Promoters | 52.1% | 52.1% | 52.1% | 52.1% |
| FII | 12.5% | 12.1% | 12.4% | 13.7% |
| DII | 25.0% | 25.4% | 25.4% | 24.1% |
| Public | 5.3% | 5.4% | 5.3% | 5.1% |
| # Shareholders | 4,15,723 | 4,16,760 | 3,95,677 | 3,83,806 |
βοΈ Peer Comparison β E-Commerce/App based Aggregator
| Company | MCap (βΉ Cr) | P/E | ROCE | ROE | D/E |
|---|---|---|---|---|---|
| ETERNAL | 3.08 L Cr | 679.7 | 4.1% | β | 0.00 |
| PAYTM | 1.07 L Cr | 164.9 | 4.8% | β | 0.00 |
| NYKAA | 91,642 | 359.6 | 24.2% | β | 0.52 |
| NAUKRI | 78,978 | 49.3 | 6.2% | β | 0.00 |
| SWIGGY | 69,063 | β | -19.2% | β | 0.01 |
| POLICYBZR | 49,272 | 65.6 | 11.4% | β | 0.00 |
| URBANCO | 24,266 | β | -11.7% | β | 0.00 |
| PINELABS | 19,823 | 152.0 | 4.1% | β | 0.05 |
| TBOTEK | 18,262 | 68.0 | 17.0% | β | 0.42 |
| NAZARA | 15,074 | β | -1.3% | β | 0.03 |
π Peer Stock Analyses
π Recent Filings
- π΄ Announcement2026-09-24Nykaa announced a strategic partnership with L'OrΓ©al's BOLD venture fund to jointly invest in high-growth Indian beauty and personal care startups thrβ¦
- Announcement2026-09-23FSN E-Commerce Ventures Ltd (NYKAA) announced that its trading window will close on September 24, 2026, remaining shut for 48 hours after the unauditeβ¦
- π΄ Announcement2026-09-11FSN E-Commerce Ventures Limited announced that Crisil ESG Ratings assigned an ESG rating of 64 for FY2026, moving the company from 'Adequate' to 'Stroβ¦
- π΄ Corporate Action2026-09-05On September 5, 2026, FSN E-Commerce Ventures Limited allotted 180,870 equity shares to employees under its ESOP scheme, increasing the issued and paiβ¦
- π‘ Board Meeting2026-09-05FSN E-Commerce Ventures announced completion of a transaction increasing its stake in subsidiary Earth Rhythm Private Limited by 24.2%, bringing the tβ¦
- π‘ Board Meeting2026-08-25On August 25, 2026, FSN E-Commerce Ventures Limited held its 14th Annual General Meeting via video conference, approving FY2025-26 standalone and consβ¦
- π‘ Board Meeting2026-08-25At the 14th AGM on August 25, 2026, Nykaa highlighted its Rs 10,000 Cr revenue milestone, 5x EBITDA growth, and Rs 20,000 Cr GMV target by FY31. The cβ¦
- π‘ buyback redemption2026-08-12FSN E-Commerce Ventures Limited announced the full redemption of unlisted, unsecured, unrated, redeemable non-convertible debentures (NCDs) issued by β¦
- π΄ Corporate Action2026-08-09On August 9, 2026, FSN E-Commerce Ventures Limited allotted 2,26,200 equity shares to employees under its ESOP scheme, increasing the issued and paid-β¦
- π΄ Financial Results2026-08-04Nykaa reported Q1 FY2027 consolidated revenue of Rs. 2,782 crores, up 29% YoY, with PAT surging 226% to Rs. 80 crores. Gross profit rose 33% to Rs. 1,β¦
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Data sourced from stock announcements. Analysis generated by StockFin.ai.
For informational purposes only β not investment advice. Updated 2026-10-01.
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