āagman

Not investment advice. Data and computed figures, for information only.

FSN E-Commerce Ventures Ltd

NSE: NYKAAF&O
₹338.40
+₹1.90 (+0.56%)
NSE · 15 Oct 2026, close
NSE
As of 31 Mar 2026
Market Cap
₹98,245 Cr
CMP
₹338.40
52-wk High / Low
₹350 / 232
P/E
369.0
P/B
68.3
Book Value
₹5.0
Div Yield
0.00%
ROCE
17.0%
ROE
15.3%
Face Value
₹1
D/E
0.86

Price+27.6% over 1Y

āagman read

Computed by āagman
Derived from 9 years and 14 quarters of filings. Not reported by the company.
As of 15 Oct 2026
How we compute these
Piotroski F-Score
8
/ 9
8 of 9 F-score tests passed
Graham Number
₹9
√(22.5 × EPS × book value per share)
ROIC
10.0%
vs 7.6% sector median
Cash flow to profit
3.16
CFO / PAT
Above 1.0 = operating cash flow exceeded reported profit
Margin change
+194
bps OPM YoY
Operating margin vs the same quarter last year
Sustainable growth
15.3%
ROE × earnings retention ratio
ROE stability
4.5
pp σ
Standard deviation of ROE across periods. Lower = more stable
Holder deltas
QoQ
pp
Prom −0.02FII +1.33DII −1.27
Latest quarter vs the previous one
Cash-accrual divergence
−10.2%
of assets
Low = accruals track cash flow
Strengths
+Price trades above its 200-day moving average (1.2x)
+Price is within 10% of its 52-week high (-3.2%)
+FII holding rose by 1.5pp over the last year
+Piotroski F-Score of 8/9 is in the strong band (≥7)
Watch-outs
−Promoter holding fell by 0.2pp over the last year

Peer comparison

Peers
NameP/EMar Cap ₹ CrROCE %ROE %

Quarterly results

Consolidated basis (as filed) · ₹ Cr · 13 quarters
As of 30 Jun 2026
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales1,4221,5071,7891,6681,7461,8752,2672,0622,1552,3462,8732,6482,782
Expenses1,3481,4261,6901,5751,6501,7712,1261,9282,0142,1872,6442,4252,546
Operating Profit7381999396104141133141159230223236
OPM %5.1%5.4%5.5%5.6%5.5%5.5%6.2%6.5%6.5%6.8%8.0%8.4%8.5%
Other Income7987756997−1099
Interest19212221212432303031292627
Depreciation52555860606470737679818489
Profit before tax10132620222145404455110122129
Net Profit58179141326192433687980
EPS (₹)0.010.020.060.020.030.040.090.070.080.120.220.270.28

Profit & Loss

As of 30 Jun 2026
Consolidated · ₹ Cr · 9 years + TTM
Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales5741,1111,7682,4413,7745,1446,3867,95010,02210,649
Expenses6011,0911,6852,2833,6104,8876,0397,4759,2699,802
Operating Profit−272183158164257347475753848
OPM %−4.7%1.9%4.7%6.5%4.3%5.0%5.4%6.0%7.5%8.0%
Other Income451012273030271515
Interest7274632477684108118114
Depreciation731607296173224266320334
Profit before tax−37−32−1266473869127330416
Net Profit−28−25−166241214072204259
EPS (₹)−3.47−2.87−1.906.820.140.070.110.230.700.89

Balance Sheet

As of 30 Jun 2026
Consolidated · ₹ Cr
Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Jun 2026
Equity Capital1414151547285286286286—
Reserves1082163074751,2921,0939771,0151,152—
Borrowings833104133335937989691,3211,238—
Other Liabilities1482353904797147731,1691,3581,936—
Total Liabilities3537761,1241,3022,6462,9503,4013,9804,611—
Fixed Assets341402272314836996688351,008—
CWIP0022243130379—
Investments10138410383400—
Other Assets3084978921,0672,1382,1822,6683,1083,594—
Total Assets3537761,1241,3022,6462,9503,4013,9804,611—

Cash Flows

As of 31 Mar 2026
Consolidated · ₹ Cr
Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity−79−1006133−354−1400467644
Cash from Investing Activity31−16215−130−603140−10−205−159
Cash from Financing Activity8223669−38927544−212−433
Net Cash Flow33−2690−34−304344952

Ratios

As of 31 Mar 2026
9 periods
Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %—−1.05.013.07.06.07.010.017.0
ROE %————————15.3
EPS (₹)−3.47−2.87−1.906.820.140.070.110.230.70
Book Value (₹)————————5.0
Face Value (₹)————————1
P/E————————369.0
Div Yield %————————0.00
NPM %−4.8−2.2−0.92.51.10.40.60.92.0
OPM %−4.61.94.76.04.35.05.06.08.0
D/E0.681.351.280.680.440.580.771.020.86
P/B————————68.3

Growth

As of 11 Oct 2026
Compounded sales growth
5 years+33.0%
3 years+25.0%
TTM+27.0%
Compounded profit growth
5 years+28.0%
3 years+122.0%
TTM+234.0%
Stock price CAGR
3 years+32.0%
Last year+29.0%
Return on equity
5 years6.0%
3 years8.0%
Last year15.0%

Shareholding pattern

As of 31 Dec 2024
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024
Promoters52.43%52.43%52.28%52.22%52.16%52.09%52.07%
FIIs5.98%5.98%12.26%10.32%8.83%12.40%13.73%
DIIs3.12%3.12%7.86%17.16%25.20%25.35%24.08%
Government———————
Public38.47%38.47%27.62%20.31%13.81%10.15%10.12%
No. of shareholders3,24,1643,24,1645,77,9535,20,7884,72,4623,95,6773,83,806
Change since Jun 2023 (pp)
Promoters −0.36FIIs +7.75DIIs +20.96Public −28.35

Documents

As of 11 Oct 2026
Announcements
Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPSNykaa Quarterly Revenue Update - Q2 FY2027Announcement under Regulation 30 (LODR)-Updates on AcquisitionAnnouncement under Regulation 30 (LODR)-Press Release / Media ReleaseClosure of Trading Window
Annual reports
Annual Report 2026Annual Report 2025Annual Report 2024Annual Report 2023Annual Report 2022
Credit ratings
Rating updateRating updateRating updateRating updateRating update
Concalls
Aug 2026TranscriptAug 2026PPTAug 2026RecordingJun 2026TranscriptJun 2026PPTJun 2026RecordingMay 2026PPTFeb 2026TranscriptFeb 2026PPTFeb 2026RecordingNov 2025TranscriptNov 2025PPT

Corporate actions

As of 10 Nov 2022
10 Nov 2022BONUSBonus 5:1—
Fundamentals from a third-party compiler of exchange filings; prices from the exchanges. Not investment advice.© 2026 āagman