Retailing
High Scoring Large Cap stocks have outperformed low scoring stocks by 90% over last 4 years
Past Returns: In past three years, the stock has provided 19.4% return compared to 13.3% by NIFTY 50.
Size: It is among the top 200 market size companies of india.
Smart Money: Smart money is taking extra interest in the stock as they increase their holdings.
Buy Backs: Company has bought back it's stock in the past which is a good thing.
Balance Sheet: Reasonably good balance sheet.
Growth: Awesome revenue growth! Revenue grew 24.9% over last year and 95.3% in last three years on TTM basis.
Technicals: SharesGuru indicator is Bearish.
Dividend: Stock hasn't been paying any dividend.
Momentum: Stock has a weak negative price momentum.
Valuation | |
|---|---|
| Market Cap | 72.94 kCr |
| Price/Earnings (Trailing) | 520 |
| Price/Sales (Trailing) | 7.7 |
| EV/EBITDA | 108.89 |
| Price/Free Cashflow | 221.62 |
| MarketCap/EBT | 293.79 |
| Enterprise Value | 73.81 kCr |
Fundamentals | |
|---|---|
| Revenue (TTM) | 9.47 kCr |
| Rev. Growth (Yr) | 26.7% |
| Earnings (TTM) | 144.24 Cr |
| Earnings Growth (Yr) | 156.5% |
Profitability | |
|---|---|
| Operating Margin | 3% |
| EBT Margin | 3% |
| Return on Equity | 10.02% |
| Return on Assets | 3.33% |
| Free Cashflow Yield | 0.45% |
Growth & Returns | |
|---|---|
| Price Change 1W | -4% |
| Price Change 1M | 1.5% |
| Price Change 6M | 5% |
| Price Change 1Y | 51% |
| 3Y Cumulative Return | 19.4% |
Cash Flow & Liquidity | |
|---|---|
| Cash Flow from Investing (TTM) | -205.43 Cr |
| Cash Flow from Operations (TTM) | 466.63 Cr |
| Cash Flow from Financing (TTM) | -212.04 Cr |
| Cash & Equivalents | 112.57 Cr |
| Free Cash Flow (TTM) | 339.41 Cr |
| Free Cash Flow/Share (TTM) | 1.19 |
Balance Sheet | |
|---|---|
| Total Assets | 4.33 kCr |
| Total Liabilities | 2.89 kCr |
| Shareholder Equity | 1.44 kCr |
| Current Assets | 3 kCr |
| Current Liabilities | 2.59 kCr |
| Net PPE | 657.8 Cr |
| Inventory | 1.57 kCr |
| Goodwill | 97.51 Cr |
Capital Structure & Leverage | |
|---|---|
| Debt Ratio | 0.23 |
| Debt/Equity | 0.69 |
| Interest Coverage | 1.06 |
| Interest/Cashflow Ops | 5.02 |
Dividend & Shareholder Returns | |
|---|---|
| Shares Dilution (1Y) | 0.10% |
| Shares Dilution (3Y) | 0.50% |
High Scoring Large Cap stocks have outperformed low scoring stocks by 90% over last 4 years
Past Returns: In past three years, the stock has provided 19.4% return compared to 13.3% by NIFTY 50.
Size: It is among the top 200 market size companies of india.
Smart Money: Smart money is taking extra interest in the stock as they increase their holdings.
Buy Backs: Company has bought back it's stock in the past which is a good thing.
Balance Sheet: Reasonably good balance sheet.
Growth: Awesome revenue growth! Revenue grew 24.9% over last year and 95.3% in last three years on TTM basis.
Technicals: SharesGuru indicator is Bearish.
Dividend: Stock hasn't been paying any dividend.
Momentum: Stock has a weak negative price momentum.
Investor Care | |
|---|---|
| Shares Dilution (1Y) | 0.10% |
| Earnings/Share (TTM) | 0.49 |
Financial Health | |
|---|---|
| Current Ratio | 1.16 |
| Debt/Equity | 0.69 |
Technical Indicators | |
|---|---|
| RSI (14d) | 26.56 |
| RSI (5d) | 15.27 |
| RSI (21d) | 54.94 |
| MACD Signal | Sell |
| Stochastic Oscillator Signal | Hold |
| SharesGuru Signal | Sell |
| RSI Signal | Buy |
| RSI5 Signal | Buy |
| RSI21 Signal | Hold |
| SMA 5 Signal | Sell |
| SMA 10 Signal | Sell |
| SMA 20 Signal | Sell |
| SMA 50 Signal | Sell |
| SMA 100 Signal | Sell |
Updated May 5, 2025
Despite reaching a peak of Rs 229 on August 23, 2024, the stock has struggled to maintain that momentum, closing at Rs 191 as of April 21, 2025.
The Moneycontrol Stock Score does not provide investment advice and emphasizes the need for individual research before making stock decisions.
While the stock has shown potential for growth, caution is advised as it has faced recent fluctuations, suggesting a need for careful monitoring.
Nykaa's parent company reported a significant 51% increase in net profit for Q3 FY24, alongside projected revenue growth in the low to mid-20% range year-on-year.
The company has successfully launched India's first beauty festival and its first international store in Dubai, indicating strong expansion efforts.
Experts are optimistic about Nykaa's stock performance, suggesting a target of Rs 205-210 due to a breakout from a rounding bottom pattern.
This information is AI-generated and may contain inaccuracies. Please verify from multiple sources.
Summary of FSN E-Commerce Ventures's latest earnings call, featuring management's outlook on business performance, financial results, and analyst Q&A sessions that highlight key strategic initiatives and market challenges.
FSN E-Commerce Ventures Limited (Nykaa) showcased a robust financial performance in Q3 FY26, with significant operational highlights outlined by management. The Gross Merchandise Value (GMV) grew by 28% year-on-year, reaching INR 5,795 crores. Net revenue stood at INR 2,873 crores, marking a 27% increase. Gross profit reached INR 1,297 crores, accounting for 45.2% of net revenue, reflecting a 31% growth year-on-year. EBITDA was recorded at INR 230 crores, translating to an impressive 63% year-on-year growth and representing the highest EBITDA margin at 8.0%. Profit After Tax (PAT) rose to INR 68 crores, reflecting a substantial 156% increase from the previous year, adjusted for a one-time labor code impact.
The Beauty segment demonstrated continued momentum with a GMV growth of 27%, while the Fashion segment recorded a GMV growth of 31%. Notably, the EBITDA margin for the Beauty sector improved to 10.1%. On customer acquisition, Nykaa has achieved 18.7 million unique transacting customers, growing by 26% year-on-year. Management emphasized the introduction of strategic partnerships with brands like L'Oreal and Nike, enhancing NYKAA's market presence. Nykaa Now has stabilized and is expected to expand, offering faster delivery in Tier 1 cities.
Key forward-looking points include expectations of sustained growth in gross margins driven by scaling of owned brands and improved efficiencies across all business segments. The management also indicated confidence in the ability to maintain mid-20s growth in the longer term, supported by ongoing investments in marketing and customer acquisition strategies. Overall, the outlook is optimistic regarding both revenue growth and profitability, with a commitment to leverage market opportunities while navigating challenges in customer engagement and competition.
Q1: Sachin Dixit: "What are you seeing or doing that proves the street wrong regarding AOV as you ramp up customer acquisition?"
Anchit Nayar: "New customers always have a lower AOV than repeat customers, as engagement drives comfort and knowledge in product selection. We focus on educating customers, and notably, the AOV for new customers hasn't dipped significantly, indicating there are still affordability opportunities. Thus, while acquiring new customers, we maintain healthy AOVs."
Q2: Sachin Dixit: "What is driving the strong margin improvement in the BPC business?"
Anchit Nayar: "Margin improvement in beauty comes from growth in all four revenue streams: beauty.com, retail, owned brands, and B2B. Increased ad income, primarily during peak sales periods, and our MarTech enhancement allowed us to monetize more effectively, contributing to the better overall margin profile."
Q3: Nikhil Choudhary: "What is the profitability comparison between Nykaa Now and the main platform?"
Anchit Nayar: "In the cities where Nykaa Now operates, a significant percentage of orders are fulfilled through this service. While profitability per order is comparable, Nykaa Now might have lower AOVs currently. However, we prioritize frequency of purchase, which impacts overall consumption value positively, making it non-dilutive to profitability overall."
Q4: Kapil Singh: "Is the partnership with Nike a different revenue model compared to typical marketplace partnerships?"
Falguni Nayar: "Yes, this arrangement is structured similarly to e-commerce models, with inventory margins and marketing costs factored in. Nike chose us for our tech capabilities and ability to manage D2C experiences, which reflects our broader competencies beyond typical marketplace operations. We aim to replicate this model with other strategic partners."
Q5: Percy Panthaki: "What is driving the beauty business's gross margin expansion?"
Anchit Nayar: "The improvement is a result of multiple factors, including increased consumer traction for owned brands like Dot & Key, enhanced unit economics in B2B, and favorable festive quarter conditions. Overall, improvements were observed across different segments without one-off benefits impacting this positive trend."
Analysis of FSN E-Commerce Ventures's financial performance, highlighting revenue trends, growth patterns, and key metrics through quarterly analysis.
Last Updated: Dec 31, 2025
| Description | Share | Value |
|---|---|---|
| Beauty | 91.3% | 2.6 kCr |
| Fashion | 8.2% | 235 Cr |
| Others | 0.6% | 15.9 Cr |
| Total | 2.9 kCr |
Understand FSN E-Commerce Ventures ownership landscape with insights into key distribution patterns, offering investors a clear view of stakeholder dynamics.
| Shareholder Name | Holding % |
|---|---|
| Sanjay Nayar Family Trust (Sanjay Nayar and Falguni Nayar) | 21.03% |
| Falguni Nayar Family Trust (Falguni Nayar and Sanjay Nayar) | 21.03% |
| Sbi Midcap Fund | 3.66% |
| Anchit Nayar Family Trust (Anchit Nayar, Sanjay Nayar and Falguni Nayar) | 3.44% |
| Adwaita Nayar Family Trust (Adwaita Nayar, Sanjay Nayar and Falguni Nayar) | 3.44% |
| Icici Prudential Life Insurance Company Limited | 3.39% |
| Harindarpal Singh Banga | 2.86% |
| Nippon Life India Trustee Ltd-A/C Nippon India Multi Cap Fund | 2.69% |
| Icici Prudential Large & Mid Cap Fund | 2.65% |
| Mirae Asset Large & Midcap Fund | 2.11% |
| Adwaita Nayar - Sanjay Nayar Family Trust (Adwaita Nayar, Sanjay Nayar and Falguni Nayar) | 1.56% |
| Anchit Nayar - Sanjay Nayar Family Trust (Anchit Nayar, Sanjay Nayar and Falguni Nayar) | 1.56% |
| Hdfc Life Insurance Company Limited | 1.38% |
| Hsbc Mutual Fund - Hsbc Midcap Fund | 1.24% |
| Narotam.S.Sekhsaria | 1.21% |
| Kotak Mahindra Trustee Co Ltd A/C Kotak Multicap Fund | 1.19% |
| Invesco India Arbitrage Fund | 1.04% |
| Anchit Sanjay Nayar | 0.03% |
| Adwaita Sanjay Nayar | 0.01% |
| Falguni Sanjay Nayar | 0% |
Distribution across major stakeholders
Distribution across major institutional holders
Detailed comparison of FSN E-Commerce Ventures against industry peers, highlighting key financial metrics, valuation ratios, and performance indicators to provide competitive context within the sector.
Ticker | Name | Mkt Cap | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|---|
| RELIANCE | Reliance Industries | 19.01 LCr | 10.71 LCr | -3.60% | +16.10% | 22.85 | 1.77 | - | - |
| TRENT | Trent [Lakme Ltd] | 2.4 LCr | 19.42 kCr | -7.20% | -26.60% | 80.83 | 12.34 | - | - |
| TATACONSUM | TATA CONSUMER PRODUCTS | 1.11 LCr | 19.63 kCr | -3.20% | +16.60% | 75.25 | 5.63 | - | - |
| INDIAMART | IndiaMART InterMESH | 12.74 kCr | 1.87 kCr | -6.80% | +5.40% | 21.02 | 6.83 | - | - |
| HONASA | Honasa Consumer | 9.46 kCr | 2.35 kCr | +4.90% | +30.90% | 60.84 | 4.02 | - | - |
| INFIBEAM | INFIBEAM AVENUES | 5.5 kCr | 6.87 kCr | -9.60% | -17.50% | 17.47 | 0.8 | - | - |
| SHOPERSTOP | Shoppers Stop | 3.42 kCr | 4.96 kCr | -20.00% | -40.30% | -191.88 | 0.69 | - | - |
Comprehensive comparison against sector averages
NYKAA metrics compared to Retailing
| Category | NYKAA | Retailing |
|---|---|---|
| PE | 520.00 | 500.39 |
| PS | 7.70 | 3.63 |
| Growth | 24.9 % | 22.5 % |
FSN E-Commerce Ventures is an E-Retail/E-Commerce company operating under the stock ticker NYKAA. The company boasts a significant market capitalization of Rs. 55,484.6 Crores. Based in Mumbai, India, it was incorporated in 2012.
Through its subsidiaries, FSN E-Commerce Ventures offers a diverse range of products focusing on beauty, personal care, and fashion for women, men, and children, in both domestic and international markets. The product portfolio includes:
The company promotes its products under various brand names, including Nykaa Cosmetics, Nykaa Naturals, Kay Beauty, and others such as RSVP, Twenty Dresses, KICA, and Pipa Bella.
FSN E-Commerce Ventures also provides marketing support services and utilizes multiple retail channels to sell its products. This includes e-commerce, m-commerce, and physical storefronts, with store formats such as Nykaa Luxe, Nykaa On Trend, Nysaa, and Nykaa Kiosks.
In terms of financial performance, the company has reported a trailing twelve months revenue of Rs. 7,581.4 Crores with a 25.3% growth in revenue over the past year. Notably, FSN E-Commerce Ventures has diluted its shareholders by 0.8% in the past three years.
This is an informational page just to provide a quick 'first look' at the stock. You must do your own deeper research. Know your risk appetite. Consult a SEBI-registered financial advisor before making any investment decisions.
NYKAA vs Retailing (2022 - 2026)