FSN E-Commerce Ventures Ltd - Stock Valuation and Financial Performance

BSE: 543384 | NSE: NYKAA | e-Commerce | Mid Cap

FSN E-Commerce Share Price

193.95 1.75 0.91%
as on 07-Oct'24 16:01

DeciZen - make an informed investing decision on FSN E-Commerce

Overall Rating
Bole Toh

1. Quality

2. Valuation

Fair

3. Price Trend

Semi Strong

FSN E-Commerce Ventures stock performance -

mw4me loader
P/E Ratio (CD):
0.00
Market Cap:
54,929.6 Cr.
52-wk low:
136.5
52-wk high:
229.9

Is FSN E-Commerce Ventures Ltd an attractive stock to invest in?

1. Is FSN E-Commerce Ventures Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that FSN E-Commerce Ventures Ltd is a average quality company.

2. Is FSN E-Commerce Ventures Ltd undervalued or overvalued?

The key valuation ratios of FSN E-Commerce Ventures Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

3. Is FSN E-Commerce Ventures Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of FSN E-Commerce Ventures Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of FSN E-Commerce:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
FSN E-Commerce Ventures Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
ROCE % 0%0%0%0%-1%6%15.5%8.1%6.5%8.1%-
Value Creation
Index
NANANANA-1.1-0.50.4-0.3-0.4-0.3-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 00001,1591,7682,4413,7745,1446,3866,710
Sales YoY Gr.-NANANANA52.5%38.1%54.6%36.3%24.1%-
Adj EPS 0000-0.1-0.10.20.10.10.10.1
YoY Gr.-NANANANANANA-36.4%-57.1%66.7%-
BVPS (₹) 00000.91.21.84.74.84.34.4
Adj Net
Profit
0000-26.2-23.160.839.917.129.840
Cash Flow from Ops. 0000-33.614.8133-354-1400.3-
Debt/CF from Ops. 0000-6.718.11.4-0.9-3.32710.7-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales NA40.7%37.8%24.1%
Adj EPS NANA-23.1%66.7%
BVPSNA37.5%34.6%-9.4%
Share Price - - - 29.8%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24TTM
Return on
Equity %
0000-11.1-8.3154.41.32.33.2
Op. Profit
Mgn %
00002.24.96.54.355.45.5
Net Profit
Mgn %
0000-2.3-1.32.51.10.40.70.6
Debt to
Equity
000010.90.40.30.30.6-
Working Cap
Days
0000011410612112811462
Cash Conv.
Cycle
00000433443525514

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 3.20%

Sales growth is growing at healthy rate in last 3 years 37.79%

Sales growth is good in last 4 quarters at 23.92%

Net Profit has been subdued in last 3 years -23.11%

Latest Financials - FSN E-Commerce Ventures Ltd.

Standalone Consolidated
TTM EPS (₹) 0.5 0.1
TTM Sales (₹ Cr.) 260 6,710
BVPS (₹.) 5.7 4.4
Reserves (₹ Cr.) 1,355 962
P/BV 33.47 44.01
PE 366.18 0.00
From the Market
52 Week Low / High (₹) 136.50 / 229.90
All Time Low / High (₹) 114.30 / 429.00
Market Cap (₹ Cr.) 54,930
Equity (₹ Cr.) 285.8
Face Value (₹) 1
Industry PE 149

Management X-Ray of FSN E-Commerce:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of FSN E-Commerce

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Sales1,1591,7682,4413,7745,1446,386
Operating Expenses 1,1341,6822,2833,6124,8876,039
Manufacturing Costs2239101178217210
Material Costs7081,0091,4932,1302,8663,646
Employee Cost 119196233326492565
Other Costs 2854384569781,3131,618
Operating Profit 2586158162257347
Operating Profit Margin (%) 2.1%4.8%6.5%4.3%5.0%5.4%
Other Income 51112293030
Interest 274632477684
Depreciation 35657296173224
Exceptional Items 000000
Profit Before Tax -31-1566473869
Tax -58461425
Profit After Tax -26-2362412544
PAT Margin (%) -2.3%-1.3%2.5%1.1%0.5%0.7%
Adjusted EPS (₹)-0.1-0.10.20.10.10.1
Dividend Payout Ratio (%)0%0%0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'19Mar'20Mar'21Mar'22Mar'23Mar'24

Equity and Liabilities

Shareholders Fund 2263114811,3241,3611,234
Share Capital 14151547285286
Reserves 2122974661,2771,076948
Minority Interest01161419
Debt226267187333460680
Long Term Debt002100
Short Term Debt225267186332459680
Trade Payables189313316362265387
Others Liabilities 93190238506662812
Total Liabilities 7351,0831,2242,5312,7623,132

Fixed Assets

Gross Block1963434107421,0931,242
Accumulated Depreciation47112179258395574
Net Fixed Assets149231231483699668
CWIP 022243130
Investments 1384103834
Inventories2454504988761,0051,192
Trade Receivables104987795164242
Cash Equivalents 12176248267149240
Others Assets86122167786677726
Total Assets 7351,0831,2242,5312,7623,132

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Cash Flow From Operating Activity -3415133-354-1400
PBT -31-1566473869
Adjustment 65108119136246314
Changes in Working Capital -67-75-39-465-329-251
Tax Paid 0-4-13-72-95-131
Cash Flow From Investing Activity -2452-130-603140-10
Capex -119-51-42-94-208-111
Net Investments -12752-90-47435879
Others 202-35-1022
Cash Flow From Financing Activity 11073-38927544
Net Proceeds from Shares 1361091038732917
Net Proceeds from Borrowing 002-1-10
Interest Paid -26-44-31-46-68-87
Dividend Paid 000000
Others 09-11110145114
Net Cash Flow -16990-34-30434
PARTICULARSMar'19Mar'20Mar'21Mar'22Mar'23Mar'24
Ratios
ROE (%)-11.69-8.5615.564.571.853.37
ROCE (%)-16.0315.538.056.498.07
Asset Turnover Ratio1.581.942.122.011.942.17
PAT to CFO Conversion(x)N/AN/A2.15-8.63-5.60
Working Capital Days
Receivable Days3321138912
Inventory Days777271666763
Payable Days989177584033

FSN E-Commerce Ventures Ltd Stock News

FSN E-Commerce Ventures Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of FSN E-Commerce on 07-Oct-2024 16:01 is ₹193.9.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 07-Oct-2024 16:01 the market cap of FSN E-Commerce stood at ₹54,929.6.
The latest P/E ratio of FSN E-Commerce as of 07-Oct-2024 16:01 is 366.2.
The latest P/B ratio of FSN E-Commerce as of 07-Oct-2024 16:01 is 33.47.
The 52-week high of FSN E-Commerce is ₹229.9 and the 52-week low is ₹136.5.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of FSN E-Commerce is ₹259.9 ( Cr.) .

About FSN E-Commerce Ventures Ltd

FSN E-Commerce Ventures (Nykaa) is a digitally native consumer technology platform, delivering a content-led, lifestyle retail experience to consumers. Since its incorporation in 2012, it has invested both capital and creative energy towards designing a differentiated journey of brand discovery for its consumers. It has a diverse portfolio of beauty, personal care and fashion products, including its owned brand products manufactured by it. As a result, it has established itself not only as a lifestyle retail platform, but also as a consumer brand. It also offers consumers an Omnichannel experience with an endeavor to cater to the consumers’ preferences and convenience.  

The company’s lifestyle portfolio spans across beauty, personal care and fashion products. Consumers have different journeys for different lifestyle needs, and this has led it to build business vertical-specific mobile applications, websites and physical stores. These independent channels allow it to tailor its content and curation optimally for the convenience of consumers and to cater to the different consumer journeys that exist in these business verticals.

  • Nykaa: Beauty and personal care
  • Nykaa Fashion: Apparel and accessories

Business area of the company

The company 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 its owned brand products manufactured by it.

Key awards, accreditations or recognitions

  • 2017: Nykaa.com was awarded the Health & Beauty Retailer of the Year Award at the Star Retailer Awards.
  • 2018: Nykaa was awarded the Best use of Intelligent Content (Digital Presence). Award at the Content Marketing Summit and Awards
  • 2018: Nykaa Network was awarded the Best Launch of the Year Award at the Content Marketing Summit and Awards.
  • 2018: Nykaa Beauty Book was awarded the Best In-House Magazine Award by ET Now Star of the Industry Awards for Excellence In Branding & Marketing.
  • 2018: Nykaa Network was awarded the Best Launch of the Year Award by ET Now Star of the Industry Awards for Excellence In Branding & Marketing.
  • 2019: Nykaa was awarded the Best use of Content to Commerce Award at the Content Marketing Summit Asia.
  • 2019: Nykaa.com was awarded the Best use of Omni-Channel Content Award at the Content Marketing Summit Asia.
  • 2019: Nykaa.com was awarded the Best Omni-Channel Content Strategy Award by National Awards for Marketing Excellence.
  • 2019: Nykaa was awarded the Best use of Intelligent Content (Digital Presence) Award by the Content Marketing Summit and Awards.
  • 2019: Nykaa was awarded the Most Innovative Content Distribution Strategy Award at the Content Marketing Summit and Awards.
  • 2020: Nykaa was awarded the Retailer of the Year (Beauty, Wellness & Fitness) Award by ET Now Global Awards for Retail Excellence.
  • 2020: Nykaa was awarded the IBG Annual Business Excellence Awards in the “Startup” category by the India Business Group.
  • 2020: Nykaa was awarded the Special Jury Recommendation - The Disruptors Award by CNBC-TV18's India Business Leaders Awards.

Major events and milestones

  • 2012: Incorporation of FSN E-Commerce Ventures Private Limited.
  • 2014: Opened its first physical store at T3 International Airport, New Delhi.
  • 2015: Hosted the Nykaa.com Femina Beauty Awards.
  • 2015: Launched makeup and beauty accessories brand ‘Nykaa Cosmetics’.
  • 2016: Estee Lauder launched on Nykaa’s platform.
  • 2016: Launched naturally derived ingredients focused skincare brand ‘Nykaa Naturals’.
  • 2018: Huda Beauty launched exclusively on Nykaa for the first time in India.
  • 2018: Launched ‘Nykaa Fashion’ as curated and managed marketplace.
  • 2018: Entered into an agreement with Katrina Kaif to launch “Kay Beauty”
  • 2019: Launched beauty range ‘Masaba by Nykaa’ in collaboration with Masaba Gupta.
  • 2019: Collaborated with Vogue India to present ‘The Vogue x Nykaa Fashion: Power List 2019’.
  • 2019: Acquired the clothing brand ‘20 Dresses’.
  • 2020: Launched own intimate wear brand ‘Nykd by Nykaa’.
  • 2020: Charlotte Tilbury launched exclusively on Nykaa.2021: Opened Nykaa Fashion Store in Ambience Mall, New Delhi.
  • 2021: Acquired the jewellery brand ‘Pipa Bella’.
  • 2021: Launched first MBO store for Nykaa Fashion.
  • 2021: Launched ‘The Global Store’.
  • 2021: Acquired skincare brand, ‘Dot & Key’.
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