FSN E-Commerce operates Nykaa: beauty and fashion e-commerce marketplace in India, market cap ₹94,666 Cr. Two segments show divergent economics — larger segment ₹2.3-2.9k Cr quarterly at 6-8% OPM, smaller segment ₹75-102 Cr quarterly operating at -37.6% OPM (Jun 2026).
Founded
2012
Face value
₹1
Market cap
₹92,936 Cr
P/E
362.8×
P/B
64.7×
Dividend yield
0%
ROE
14.6%
ROCE
25.3%
Debt / equity
0.52
OPM
7.5%
EPS (TTM)
₹0.9
Book value
₹5.0
52-week high
—
52-week low
Key insights
Company research notes and source-linked reviews
Key risks
Extreme valuation: PE 369.6 leaves no margin for earnings disappointment or margin contraction.
Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.
Bulk deals are a client trading over 0.5% of the equity in a session, aggregated across their trades; block deals are single negotiated trades in the exchange’s block window. Each is reported by the exchange it was crossed on, so NSE and BSE rows are separate trades rather than the same trade twice.
Mr. P. GaneshChief Financial Officer
Mr. Chetan SharmaCompany Secretary & Compliance Officer
Current officeholders as filed with BSE. A person holding two offices is listed once per office.
₹0.9
106
+45
48
2
0
0
₹37.7
290
₹1.6
24
+18
21
0
0
0
₹0.0
295
₹2.1
26
+23
23
1
0
0
₹29.9
300
₹2.9
322
-36
228
0
0
0
₹0.0
305
₹3.6
71
+51
58
13
+3
22
₹17.1
310
₹5.2
192
+56
167
0
0
0
₹0.0
315
₹6.5
132
+32
69
64
+33
70
₹10.7
320
₹8.8
361
+28
226
Shaded cells are in the money against the underlying close. Green and red mark the move against the previous close — on the premium for LTP, on the position for change in OI. Settlement prices are the exchange's, not the last trade.
Scrutinizer''s Report and Voting Results of the 14th Annual General Meeting held on August 25, 2026.26 Aug 2026 · AGM
The Exchange has sought clarification from FSN E-Commerce Ventures Ltd on June 17, 2026, with reference to news appeared in https://www.moneycontrol.com/ dated June 17, 2026 quoting "Nykaa ....17 Jun 2026 · Clarification
Redemption Of Unlisted, Unsecured, Unrated, Redeemable, Non-Convertible Debentures ('Ncds') By Nykaa E-Retail Limited, A Wholly Owned Subsidiary Of The Company.
Redemption Of Unlisted, Unsecured, Unrated, Redeemable, Non-Convertible Debentures ('Ncds') By Nykaa E-Retail Limited, A Wholly Owned Subsidiary Of The Company.
As reported in NSE results XBRL. Segment result is before tax and finance costs. ROCE uses that annual result divided by segment assets less liabilities.