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

₹ 167 1.24%
15 Jan 9:44 a.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 ₹ 47,774 Cr.
  • Current Price ₹ 167
  • High / Low ₹ 230 / 140
  • Stock P/E 1,116
  • Book Value ₹ 4.57
  • Dividend Yield 0.00 %
  • ROCE 6.87 %
  • ROE 2.44 %
  • Face Value ₹ 1.00
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Pros

  • Company's working capital requirements have reduced from 80.7 days to 56.3 days

Cons

  • Stock is trading at 36.1 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has a low return on equity of 2.58% over last 3 years.

* 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

Part of Nifty 500 Nifty India Digital Index Nifty LargeMidcap 250 Nifty Midcap 100 Nifty 200

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
885 1,098 973 1,148 1,231 1,463 1,302 1,422 1,507 1,789 1,668 1,746 1,875
856 1,029 935 1,102 1,170 1,385 1,231 1,348 1,426 1,690 1,575 1,650 1,771
Operating Profit 29 69 39 46 61 78 71 73 81 99 93 96 104
OPM % 3% 6% 4% 4% 5% 5% 5% 5% 5% 6% 6% 6% 6%
5 6 11 8 6 6 10 7 9 8 7 7 5
Interest 11 13 13 15 20 20 19 19 21 22 21 21 24
Depreciation 21 25 30 31 38 51 53 52 55 58 60 60 64
Profit before tax 1 37 6 8 9 13 9 10 13 26 20 22 21
Tax % 15% 22% -30% 32% 35% 27% 51% 34% 30% 31% 50% 36% 37%
1 29 8 5 5 8 2 5 8 17 9 14 13
EPS in Rs 0.00 0.10 0.03 0.02 0.01 0.03 0.01 0.01 0.02 0.06 0.02 0.03 0.04
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
574 1,111 1,768 2,441 3,774 5,144 6,386 7,078
601 1,091 1,685 2,283 3,610 4,887 6,039 6,686
Operating Profit -27 21 83 158 164 257 347 392
OPM % -5% 2% 5% 6% 4% 5% 5% 6%
4 5 10 12 27 30 30 27
Interest 7 27 46 32 47 76 84 89
Depreciation 7 31 60 72 96 173 224 241
Profit before tax -37 -32 -12 66 47 38 69 89
Tax % -25% -23% 31% 7% 13% 35% 37%
-28 -25 -16 62 41 21 40 53
EPS in Rs -3.47 -2.87 -1.90 6.82 0.14 0.07 0.11 0.15
Dividend Payout % 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: 42%
3 Years: 38%
TTM: 24%
Compounded Profit Growth
10 Years: %
5 Years: 27%
3 Years: -19%
TTM: 118%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: -22%
1 Year: -5%
Return on Equity
10 Years: %
5 Years: 3%
3 Years: 3%
Last Year: 2%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 14 14 15 15 47 285 286 286
Reserves 108 216 307 475 1,292 1,093 977 1,019
83 310 413 333 593 798 969 1,306
148 235 390 479 714 773 1,169 1,112
Total Liabilities 353 776 1,124 1,302 2,646 2,950 3,401 3,723
34 140 227 231 483 699 668 714
CWIP 0 0 2 2 24 31 30 2
Investments 10 138 4 1 0 38 34 33
308 497 892 1,067 2,138 2,182 2,668 2,974
Total Assets 353 776 1,124 1,302 2,646 2,950 3,401 3,723

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-79 -100 6 133 -354 -140 0
31 -162 15 -130 -603 140 -10
82 236 69 -38 927 5 44
Net Cash Flow 33 -26 90 -34 -30 4 34

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 45 19 20 11 9 12 14
Inventory Days 114 135 160 122 150 128 119
Days Payable 123 100 113 77 62 34 39
Cash Conversion Cycle 35 54 68 56 97 106 94
Working Capital Days 53 61 53 37 105 81 56
ROCE % -1% 5% 13% 7% 6% 7%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
52.56% 52.43% 52.41% 52.38% 52.34% 52.28% 52.28% 52.26% 52.24% 52.22% 52.20% 52.18%
5.73% 5.98% 6.54% 6.57% 11.06% 12.26% 10.04% 9.84% 10.65% 10.32% 10.48% 10.13%
3.42% 3.12% 2.95% 3.01% 6.35% 7.86% 11.58% 14.31% 15.25% 17.16% 18.29% 21.83%
38.29% 38.47% 38.10% 38.03% 30.24% 27.62% 26.10% 23.60% 21.87% 20.31% 19.02% 15.86%
No. of Shareholders 2,53,6663,24,1643,12,2043,21,1215,66,2825,77,9535,85,6985,65,1915,08,9365,20,7884,79,3944,73,213

* 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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Documents

Announcements

Annual reports

DRHP

Credit ratings

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