FSN E-Commerce Ventures Ltd

FSN E-Commerce Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

FSN E-Commerce Ventures Ltd

₹ 175 -1.41%
22 Jul 4:01 p.m.
nykaa.com BSE: 543384 NSE: NYKAA
About

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]

Key Points

Leading Digital Company [1]
Nykaa is the largest specialty beauty and personal care platform in India in terms of value of products sold in FY21 and one of the fastest growing fashion platforms in India based on growth in GMV. It has the highest average order value (AOV) among leading online beauty and personal care platforms in India.

Website BSE NSE
  • Market Cap ₹ 50,107 Cr.
  • Current Price ₹ 175
  • High / Low ₹ 196 / 130
  • Stock P/E 428
  • Book Value ₹ 5.70
  • Dividend Yield 0.00 %
  • ROCE 5.67 %
  • ROE 7.15 %
  • Face Value ₹ 1.00
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Pros

  • Company is almost debt free.
  • Company has delivered good profit growth of 172% CAGR over last 5 years

Cons

  • Stock is trading at 30.7 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Tax rate seems low
  • Company has a low return on equity of 6.57% over last 3 years.
  • Earnings include an other income of Rs.185 Cr.
  • Debtor days have increased from 89.6 to 131 days.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: E-Commerce/App based Aggregator Industry: Trading

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
39 43 49 45 50 38 52 54 93 27 25 63 94
44 35 44 45 47 53 67 59 89 57 54 85 96
Operating Profit -5 9 5 -0 3 -16 -15 -5 4 -30 -28 -21 -2
OPM % -14% 20% 11% -1% 6% -42% -29% -10% 5% -112% -112% -34% -3%
13 19 21 24 52 30 32 35 32 39 39 45 61
Interest 1 1 1 1 2 2 2 2 2 2 2 2 2
Depreciation 2 1 1 1 1 1 2 2 2 2 2 2 2
Profit before tax 4 25 23 21 52 11 13 26 32 5 7 20 55
Tax % 32% 21% 22% 21% 6% 20% 23% 24% 24% 16% 17% 21% -60%
3 20 18 17 49 9 10 20 25 4 6 16 89
EPS in Rs 0.32 2.14 0.07 0.06 0.17 0.03 0.03 0.07 0.09 0.01 0.02 0.06 0.31
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
27 102 188 146 188 218 258
42 113 184 149 171 251 338
Operating Profit -16 -11 4 -3 17 -33 -80
OPM % -58% -11% 2% -2% 9% -15% -31%
6 17 30 60 116 129 185
Interest 0 3 5 4 6 8 7
Depreciation 1 4 7 8 5 7 8
Profit before tax -11 -0 22 45 122 81 90
Tax % -26% -286% 31% 19% 15% 24% -30%
-8 1 15 36 104 61 117
EPS in Rs -0.97 0.09 1.73 4.01 0.36 0.21 0.41
Dividend Payout % -0% -0% -0% -0% -0% -0% -0%
Compounded Sales Growth
10 Years: %
5 Years: 20%
3 Years: 21%
TTM: 18%
Compounded Profit Growth
10 Years: %
5 Years: 172%
3 Years: 48%
TTM: 91%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: 21%
Return on Equity
10 Years: %
5 Years: 6%
3 Years: 7%
Last Year: 7%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 14 14 15 15 47 285 286
Reserves 130 279 404 546 1,503 1,364 1,342
8 30 45 46 51 55 87
13 30 34 40 89 82 98
Total Liabilities 165 354 498 647 1,690 1,786 1,812
6 14 18 13 16 25 33
CWIP -0 -0 1 -0 -0 1 4
Investments 22 169 52 70 379 461 641
137 171 427 564 1,294 1,299 1,134
Total Assets 165 354 498 647 1,690 1,786 1,812

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-62 -56 -91 -84 72 -4 -31
55 -91 75 -67 -944 -38 -31
40 134 107 87 873 21 53
Net Cash Flow 32 -13 91 -64 0 -21 -10

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 22 25 50 160 40 98 131
Inventory Days 167 265 259 188 450 207 255
Days Payable 137 168 97 64 103 16 78
Cash Conversion Cycle 52 123 212 283 387 289 307
Working Capital Days 99 69 113 210 1,298 1,603 789
ROCE % 1% 5% 9% 12% 5% 6%

Shareholding Pattern

Numbers in percentages

3 Recently
Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
52.56% 52.43% 52.41% 52.38% 52.34% 52.28% 52.28% 52.26% 52.24% 52.22% 52.20%
5.73% 5.98% 6.54% 6.57% 11.06% 12.26% 10.04% 9.84% 10.65% 10.32% 10.48%
3.42% 3.12% 2.95% 3.01% 6.35% 7.86% 11.58% 14.31% 15.25% 17.16% 18.29%
38.29% 38.47% 38.10% 38.03% 30.24% 27.62% 26.10% 23.60% 21.87% 20.31% 19.02%
No. of Shareholders 2,53,6663,24,1643,12,2043,21,1215,66,2825,77,9535,85,6985,65,1915,08,9365,20,7884,79,394

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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