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FSN E-Commerce Ventures Limited (NYKAA.NS)

INR324.45 -3.95 (-1.20%)
IN NSE Consumer Cyclical Specialty Retail
Address A2, Cnergy IT Park 400025
Mumbai, MH, IN
CEO Falguni Nayar
Website nykaa.com
IPO 2021-11-10
ISIN INE388Y01029

Explore sections of this company profile

Also trades on Bombay Stock Exchange · NYKAA.BO (INR) National Stock Exchange of India · NYKAA.NS (INR)
Description

FSN E-Commerce Ventures Limited, through its subsidiaries, engages in selling and distribution of beauty, personal care, and fashion products for women, men, children, and home in India and internationally. The company offers makeup; bath and body; natural; mom and baby; wellness and health care; fragrance; fitness; skin, personal, and hair care products; and fashion garments, accessories, and equipment. It also provides western, active, and Indian wear; lingerie; footwear; bags; jewellery; athleisure; accessories; home decor; and kitchen products. It sells its products through website, e-commerce, m-commerce, internet, and intranet, as well as through physical stores, stalls, general trade, and modern trade. It operates physical stores under the Nykaa Flagship, Nykaa Luxe, Nykaa On Trend, Nysaa, and Nykaa Kiosks formats. FSN E-Commerce Ventures Limited was incorporated in 2012 and is based in Mumbai, India.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
INR324.45 -3.95 (-1.20%)
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Volume Profile
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Liquidity & share structure
Average Volume
7M
Beta
0.40
Float Shares
1.25B
Free Float %
43.7%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
-1.37% -3.41% +1.35% -0.44% +0.72% +0.45% +33.00% +110.89% -27.55% -27.55% -27.55%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
324.45
Ratings Trend (MoM) 54% Bullish
Rating 2026-05 Change
Strong Buy 7 0
Buy 7 +1
Hold 7 0
Sell 4 0
Strong Sell 1 -1
Quality scores
Altman Z-Score
17.52
Safe zone
Piotroski F-Score
5 / 9
Average
MOAT Score
7 / 10
Strong MOAT
Composite Rating
C+
Overall Score
2 / 5
Medium
DCF Score
1 / 5
Low
ROE Score
4 / 5
High
ROA Score
4 / 5
High
D/E Score
2 / 5
Medium
P/E Score
1 / 5
Low
P/Book Score
1 / 5
Low
Operational MOAT
✗ Below peers
  • Revenue growth Specialty Retail: +6.4%
    +26.1% Q1'26: +28.4% (vs Q1'25)
  • EPS growth Specialty Retail: +20.6%
    +204.4% Q1'26: +286.3% (vs Q1'25)
  • FCF margin FCF growth · Specialty Retail: +29.3%
    +3.4% Q1'26: +2.0% (vs Q1'25)
  • EBIT margin Specialty Retail: +5.4%
    +4.3% Q1'26: +5.2% (vs Q1'25)
  • ROIC Specialty Retail: +6.5%
    +11.0% Q1'26: +14.9% (vs Q1'25)
  • Share dilution Specialty Retail: +0.1%
    -1.8% Q1'26: +0.0% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Specialty Retail: 0.14×
    1.65× Q1'26: 1.39× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.43) × ERP
WACC = 98% × Ke + 2% × Kd (9.5%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Current price: 324.45
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Mar 2022
actual
Mar 2023
actual
Mar 2024
actual
Mar 2025
actual
Mar 2026
24 Rev. Ana.
17 EPS Ana.
Mar 2027
24 Rev. Ana.
17 EPS Ana.
Mar 2028
23 Rev. Ana.
19 EPS Ana.
Mar 2029
13 Rev. Ana.
7 EPS Ana.
Mar 2030
12 Rev. Ana.
2 EPS Ana.
Revenue
51.44B
est: 38.27B (+34.4%)
63.86B
est: 51.78B (+23.3%)
79.50B
est: 67.10B (+18.5%)
79.50B
est: 79.91B (-0.5%)
100.01B
98.87B – 100.94B
+25.2% YoY
126.35B
123.48B – 131.99B
+26.3% YoY
157.20B
149.96B – 167.62B
+24.4% YoY
192.53B
192.46B – 192.60B
+22.5% YoY
242.92B
234.25B – 256.67B
+26.2% YoY
EBITDA
1.38B
est: 1.41B (-2.2%)
2.00B
est: 1.90B (+5.3%)
2.97B
est: 3.13B (-5.4%)
5.01B
est: 3.73B (+34.3%)
4.67B
4.62B – 4.72B
+25.2% YoY
5.90B
5.77B – 6.17B
+26.3% YoY
7.34B
7.00B – 7.83B
+24.4% YoY
8.99B
8.99B – 9.00B
+22.5% YoY
11.35B
10.94B – 11.99B
+26.2% YoY
EBIT
827.87M
est: 830.63M (-0.3%)
1.22B
est: 1.12B (+8.5%)
2.08B
est: 1.80B (+15.5%)
2.36B
est: 2.14B (+10.1%)
2.68B
2.65B – 2.70B
+25.2% YoY
3.38B
3.31B – 3.54B
+26.3% YoY
4.21B
4.02B – 4.49B
+24.4% YoY
5.16B
5.15B – 5.16B
+22.5% YoY
6.51B
6.27B – 6.87B
+26.2% YoY
Net Income
192.62M
est: 680.51M (-71.7%)
322.60M
est: 384.37M (-16.1%)
660.80M
est: 335.40M (+97.0%)
660.80M
est: 928.71M (-28.8%)
1.99B
1.71B – 2.35B
+114.8% YoY
4.61B
4.01B – 5.16B
+131.3% YoY
7.60B
5.86B – 9.53B
+64.6% YoY
12.22B
10.21B – 15.18B
+60.8% YoY
11.68B
11.14B – 12.54B
-4.4% YoY
SGA
11.04B
est: 8.19B (+34.7%)
13.37B
est: 11.08B (+20.6%)
17.07B
est: 15.46B (+10.4%)
17.07B
est: 18.41B (-7.3%)
23.04B
22.78B – 23.25B
+25.2% YoY
29.11B
28.44B – 30.41B
+26.3% YoY
36.21B
34.54B – 38.61B
+24.4% YoY
44.35B
44.33B – 44.37B
+22.5% YoY
55.96B
53.96B – 59.13B
+26.2% YoY
EPS
0.07
est: 0.23 (-71.2%)
0.11
est: 0.13 (-16.4%)
0.23
est: 0.12 (+98.0%)
0.23
est: 0.32 (-28.5%)
0.73
0.60 – 0.82
+125.6% YoY
1.61
1.41 – 1.81
+121.6% YoY
2.61
2.06 – 3.34
+62.2% YoY
4.07
3.58 – 5.33
+55.9% YoY
4.10
3.91 – 4.40
+0.8% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-26 C+ 2/5 1/5 4/5 4/5 2/5 1/5 1/5
2026-05-25 C+ 2/5 1/5 4/5 4/5 2/5 1/5 1/5
2026-05-22 C+ 2/5 1/5 4/5 4/5 2/5 1/5 1/5
2026-05-21 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-05-20 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-05-19 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-05-18 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-05-15 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-05-14 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-05-13 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-05-12 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-05-11 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-05-08 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-05-07 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-05-06 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-05-05 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-05-04 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-04-30 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-04-29 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-04-28 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-04-27 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-04-24 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-04-23 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-04-22 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-04-21 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-04-20 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-04-17 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-04-16 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5
2026-04-15 D+ 1/5 1/5 1/5 1/5 1/5 1/5 1/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
871.99M
OE per share TTM
0.30
Owner's Yield
0.11%
Maintenance CapEx ratio
122.25%
Maint CapEx / Avg PPE
7.4%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
2.18M
Shares Outstanding
2.86B

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Adwaita Nayar MD & Chief Executive Officer of Nykaa Fashion Limited and Executive Director 33M female
Falguni Sanjay Nayar Founder, Executive Chairperson, MD & Chief Executive Officer 9M female
Anchit Nayar MD & Chief Executive Officer of Beauty E-Retail Limited and Executive Director 1M male
Padmanabhan Ganesh Chief Financial Officer male
Rajendra Nath Punde Senior Vice President of Legal male
Rajesh Uppalapati Chief Technology Officer male
Sujeet Jain Chief Legal & Regulatory Officer male
Surender Mehta Group Chief Human Resource Officer male
Chetan Rajendra Sharma VP, Group Company Secretary & Compliance Officer male
Manoj Jaiswal Chief Supply Chain Officer & Chief Officer - Warehouse Operations male
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend history

Earnings history

Earnings reports

Stock splits