FSN E-Commerce Ventures Ltd: Intrinsic Value & Share Price Analysis

Share Price and Basic Stock Data

Last Updated: March 3, 2026, 2:16 pm

Market Cap	74,182 Cr.
Current Price	259
Intrinsic Value	₹128.55
High / Low	286/155
Stock P/E	490
Book Value	4.85
Dividend Yield	0.00 %
ROCE	9.59 %
ROE	5.16 %
Face Value	1.00
PEG Ratio	17.21

Stock P/E, Current Price, and Intrinsic Value Over Time

Stock P/E Current Price Intrinsic Value

View Share Price Target for FSN E-Commerce Ventures Ltd

Competitors

Stock Name ⇩	Market Cap ⇩	Current Price ⇩	High / Low ⇩	Stock P/E ⇩	Book Value ⇩	Dividend Yield ⇩	ROCE ⇩	ROE ⇩	Face Value ⇩
FSN E-Commerce Ventures Ltd	74,182 Cr.	259	286/155	490	4.85	0.00 %	9.59 %	5.16 %	1.00
Cartrade Tech Ltd	8,508 Cr.	1,778	3,291/1,362	41.5	487	0.00 %	7.59 %	6.24 %	10.0
Intrasoft Technologies Ltd	112 Cr.	68.7	121/65.0	8.98	150	0.00 %	6.21 %	5.87 %	10.0
Zomato Ltd	2,31,744 Cr.	240	368/190	1,003	31.9	0.00 %	2.66 %	1.71 %	1.00
Nandani Creation Ltd	62.6 Cr.	32.8	54.6/26.0	38.2	33.5	0.00 %	11.2 %	7.85 %	10.0
Industry Average	78,636.50 Cr	275.82		202.71	92.79	0.00%	9.70%	10.97%	8.00

All Competitor Stocks of FSN E-Commerce Ventures Ltd

Quarterly Result

Metric	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025
Sales	1,463	1,302	1,422	1,507	1,789	1,668	1,746	1,875	2,267	2,062	2,155	2,346	2,873
Expenses	1,385	1,231	1,348	1,426	1,690	1,575	1,650	1,771	2,126	1,928	2,014	2,187	2,644
Operating Profit	78	71	73	81	99	93	96	104	141	133	141	159	230
OPM %	5%	5%	5%	5%	6%	6%	6%	6%	6%	6%	7%	7%	8%
Other Income	6	10	7	9	8	7	7	5	6	9	9	7	-10
Interest	20	19	19	21	22	21	21	24	32	30	30	31	29
Depreciation	51	53	52	55	58	60	60	64	70	73	76	79	81
Profit before tax	13	9	10	13	26	20	22	21	45	40	44	55	110
Tax %	27%	51%	34%	30%	31%	50%	36%	37%	39%	52%	44%	40%	38%
Net Profit	8	2	5	8	17	9	14	13	26	19	24	33	68
EPS in Rs	0.03	0.01	0.01	0.02	0.06	0.02	0.03	0.04	0.09	0.07	0.08	0.12	0.22

Last Updated: March 3, 2026, 9:48 am

Below is a detailed analysis of the quarterly data for FSN E-Commerce Ventures Ltd based on the most recent figures (Dec 2025) and their trends compared to the previous period:

For Sales, as of Dec 2025, the value is 2,873.00 Cr.. The value appears strong and on an upward trend. It has increased from 2,346.00 Cr. (Sep 2025) to 2,873.00 Cr., marking an increase of 527.00 Cr..
For Expenses, as of Dec 2025, the value is 2,644.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 2,187.00 Cr. (Sep 2025) to 2,644.00 Cr., marking an increase of 457.00 Cr..
For Operating Profit, as of Dec 2025, the value is 230.00 Cr.. The value appears strong and on an upward trend. It has increased from 159.00 Cr. (Sep 2025) to 230.00 Cr., marking an increase of 71.00 Cr..
For OPM %, as of Dec 2025, the value is 8.00%. The value appears strong and on an upward trend. It has increased from 7.00% (Sep 2025) to 8.00%, marking an increase of 1.00%.
For Other Income, as of Dec 2025, the value is -10.00 Cr.. The value appears to be declining and may need further review. It has decreased from 7.00 Cr. (Sep 2025) to -10.00 Cr., marking a decrease of 17.00 Cr..
For Interest, as of Dec 2025, the value is 29.00 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 31.00 Cr. (Sep 2025) to 29.00 Cr., marking a decrease of 2.00 Cr..
For Depreciation, as of Dec 2025, the value is 81.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 79.00 Cr. (Sep 2025) to 81.00 Cr., marking an increase of 2.00 Cr..
For Profit before tax, as of Dec 2025, the value is 110.00 Cr.. The value appears strong and on an upward trend. It has increased from 55.00 Cr. (Sep 2025) to 110.00 Cr., marking an increase of 55.00 Cr..
For Tax %, as of Dec 2025, the value is 38.00%. The value appears to be improving (decreasing) as expected. It has decreased from 40.00% (Sep 2025) to 38.00%, marking a decrease of 2.00%.
For Net Profit, as of Dec 2025, the value is 68.00 Cr.. The value appears strong and on an upward trend. It has increased from 33.00 Cr. (Sep 2025) to 68.00 Cr., marking an increase of 35.00 Cr..
For EPS in Rs, as of Dec 2025, the value is 0.22. The value appears strong and on an upward trend. It has increased from 0.12 (Sep 2025) to 0.22, marking an increase of 0.10.

Overall, while many items appear to show a positive trend, any significant downward movement warrant further investigation.

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 27, 2026, 5:25 am

Metric	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
Sales	574	1,111	1,768	2,441	3,774	5,144	6,386	7,950	9,436
Expenses	601	1,091	1,685	2,283	3,610	4,887	6,039	7,475	8,773
Operating Profit	-27	21	83	158	164	257	347	475	663
OPM %	-5%	2%	5%	6%	4%	5%	5%	6%	7%
Other Income	4	5	10	12	27	30	30	27	15
Interest	7	27	46	32	47	76	84	108	121
Depreciation	7	31	60	72	96	173	224	266	309
Profit before tax	-37	-32	-12	66	47	38	69	127	248
Tax %	-25%	-23%	31%	7%	13%	35%	37%	42%
Net Profit	-28	-25	-16	62	41	21	40	72	144
EPS in Rs	-3.47	-2.87	-1.90	6.82	0.14	0.07	0.11	0.23	0.49
Dividend Payout %	0%	0%	0%	0%	0%	0%	0%	0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024	2024-2025
YoY Net Profit Growth (%)	10.71%	36.00%	487.50%	-33.87%	-48.78%	90.48%	80.00%
Change in YoY Net Profit Growth (%)	0.00%	25.29%	451.50%	-521.37%	-14.91%	139.26%	-10.48%

FSN E-Commerce Ventures Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 7 years from 2018-2019 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:	%
5 Years:	35%
3 Years:	28%
TTM:	25%

Compounded Profit Growth
10 Years:	%
5 Years:	43%
3 Years:	17%
TTM:	107%

Stock Price CAGR
10 Years:	%
5 Years:	%
3 Years:	2%
1 Year:	11%

Return on Equity
10 Years:	%
5 Years:	4%
3 Years:	3%
Last Year:	5%

Last Updated: September 5, 2025, 3:30 pm

Balance Sheet

Last Updated: March 3, 2026, 2:59 am

Month	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Sep 2025
Equity Capital	14	14	15	15	47	285	286	286	286
Reserves	108	216	307	475	1,292	1,093	977	1,015	1,102
Borrowings	83	310	413	333	593	798	969	1,321	1,407
Other Liabilities	148	235	390	479	714	773	1,169	1,358	1,538
Total Liabilities	353	776	1,124	1,302	2,646	2,950	3,401	3,980	4,332
Fixed Assets	34	140	227	231	483	699	668	835	920
CWIP	0	0	2	2	24	31	30	37	5
Investments	10	138	4	1	-0	38	34	0	0
Other Assets	308	497	892	1,067	2,138	2,182	2,668	3,108	3,408
Total Assets	353	776	1,124	1,302	2,646	2,950	3,401	3,980	4,332

Below is a detailed analysis of the balance sheet data for FSN E-Commerce Ventures Ltd based on the most recent figures (Sep 2025) and their trends compared to the previous period:

For Equity Capital, as of Sep 2025, the value is 286.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2025) which recorded 286.00 Cr..
For Reserves, as of Sep 2025, the value is 1,102.00 Cr.. The value appears strong and on an upward trend. It has increased from 1,015.00 Cr. (Mar 2025) to 1,102.00 Cr., marking an increase of 87.00 Cr..
For Borrowings, as of Sep 2025, the value is 1,407.00 Cr.. The value appears to be increasing, which may not be favorable. However, Borrowings exceed Reserves, which may signal higher financial risk. It has increased from 1,321.00 Cr. (Mar 2025) to 1,407.00 Cr., marking an increase of 86.00 Cr..
For Other Liabilities, as of Sep 2025, the value is 1,538.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 1,358.00 Cr. (Mar 2025) to 1,538.00 Cr., marking an increase of 180.00 Cr..
For Total Liabilities, as of Sep 2025, the value is 4,332.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 3,980.00 Cr. (Mar 2025) to 4,332.00 Cr., marking an increase of 352.00 Cr..
For Fixed Assets, as of Sep 2025, the value is 920.00 Cr.. The value appears strong and on an upward trend. It has increased from 835.00 Cr. (Mar 2025) to 920.00 Cr., marking an increase of 85.00 Cr..
For CWIP, as of Sep 2025, the value is 5.00 Cr.. The value appears to be declining and may need further review. It has decreased from 37.00 Cr. (Mar 2025) to 5.00 Cr., marking a decrease of 32.00 Cr..
For Investments, as of Sep 2025, the value is 0.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2025) which recorded 0.00 Cr..
For Other Assets, as of Sep 2025, the value is 3,408.00 Cr.. The value appears strong and on an upward trend. It has increased from 3,108.00 Cr. (Mar 2025) to 3,408.00 Cr., marking an increase of 300.00 Cr..
For Total Assets, as of Sep 2025, the value is 4,332.00 Cr.. The value appears strong and on an upward trend. It has increased from 3,980.00 Cr. (Mar 2025) to 4,332.00 Cr., marking an increase of 352.00 Cr..

However, the Borrowings (1,407.00 Cr.) are higher than the Reserves (1,102.00 Cr.), which may signal higher financial risk.

Overall, while many items appear to show a positive trend, any significant downward movement or items where Borrowings exceed Reserves warrant further investigation.

Reserves and Borrowings Chart

Cash Flow

Month	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operating Activity +	-79	-100	6	133	-354	-140	0	467
Cash from Investing Activity +	31	-162	15	-130	-603	140	-10	-205
Cash from Financing Activity +	82	236	69	-38	927	5	44	-212
Net Cash Flow	33	-26	90	-34	-30	4	34	49

Free Cash Flow

Month	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Free Cash Flow	-110.00	-289.00	-330.00	-175.00	-429.00	-541.00	-622.00	474.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

Month	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Debtor Days	45	19	20	11	9	12	14	11
Inventory Days	114	135	160	122	150	128	119	116
Days Payable	123	100	113	77	62	34	39	52
Cash Conversion Cycle	35	54	68	56	97	106	94	75
Working Capital Days	0	-16	-5	3	67	40	10	14
ROCE %		-1%	5%	13%	7%	6%	7%	10%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025
Promoters	52.28%	52.28%	52.26%	52.24%	52.22%	52.20%	52.18%	52.16%	52.16%	52.14%	52.12%	52.10%
FIIs	12.26%	10.04%	9.84%	10.65%	10.32%	10.48%	10.13%	9.05%	8.83%	11.63%	12.54%	12.15%
DIIs	7.86%	11.58%	14.31%	15.25%	17.16%	18.29%	21.83%	23.56%	25.20%	23.64%	24.99%	25.36%
Public	27.62%	26.10%	23.60%	21.87%	20.31%	19.02%	15.86%	15.23%	13.81%	12.58%	10.36%	10.41%
No. of Shareholders	5,77,953	5,85,698	5,65,191	5,08,936	5,20,788	4,79,394	4,73,213	4,84,256	4,72,462	4,36,359	4,15,723	4,16,760

Shareholding Pattern Chart

No. of Shareholders

FSN E-Commerce Ventures Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

Mutual Fund Holdings

Fund Name	No of Shares	AUM (%)	Amount Invested (Cr)	Previous Number of Shares	Previous Date	Percentage Change
ICICI Prudential Large & Mid Cap Fund	36,479,553	3.16	866.39	36,545,252	2026-02-22 02:39:46	-0.18%
HDFC Flexi Cap Fund	31,000,000	0.76	736.25	35,000,000	2026-01-25 06:56:33	-11.43%
Nippon India Multi Cap Fund	30,012,869	1.46	712.81	28,512,869	2026-02-22 02:39:46	5.26%
HSBC Midcap Fund	24,497,300	4.78	581.81	17,668,200	2025-12-15 05:10:28	38.65%
SBI Midcap Fund	22,205,929	2.35	527.39	22,336,624	2025-12-15 05:10:28	-0.59%
SBI Contra Fund	22,188,917	1.08	526.99	21,800,000	2025-11-03 20:35:59	1.78%
SBI ELSS Tax Saver Fund	22,000,000	1.64	522.5	N/A	N/A	N/A
HDFC Focused Fund	20,000,000	1.8	475	N/A	N/A	N/A
Kotak Multicap Fund	19,500,000	2.04	463.13	N/A	N/A	N/A
Mirae Asset Large & Midcap Fund	18,851,468	1.06	447.72	29,720,382	2025-10-30 03:31:46	-36.57%

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 25	Mar 24	Mar 23	Mar 22	Mar 21
FaceValue	1.00	1.00	1.00	1.00	10.00
Basic EPS (Rs.)	0.23	0.11	0.07	0.88	1.39
Diluted EPS (Rs.)	0.23	0.11	0.07	0.87	1.39
Cash EPS (Rs.)	1.19	0.93	0.69	2.90	85.72
Book Value[Excl.RevalReserv]/Share (Rs.)	4.55	4.42	4.88	28.38	325.92
Book Value[Incl.RevalReserv]/Share (Rs.)	4.55	4.42	4.88	28.38	325.92
Revenue From Operations / Share (Rs.)	27.80	22.36	18.03	79.60	1621.00
PBDIT / Share (Rs.)	1.75	1.32	1.00	4.01	115.00
PBIT / Share (Rs.)	0.82	0.53	0.39	1.98	70.42
PBT / Share (Rs.)	0.44	0.24	0.13	0.99	50.03
Net Profit / Share (Rs.)	0.25	0.15	0.08	0.87	41.14
NP After MI And SOA / Share (Rs.)	0.23	0.11	0.06	0.86	41.07
PBDIT Margin (%)	6.30	5.88	5.56	5.04	7.09
PBIT Margin (%)	2.95	2.37	2.19	2.48	4.34
PBT Margin (%)	1.60	1.08	0.74	1.25	3.08
Net Profit Margin (%)	0.92	0.68	0.48	1.09	2.53
NP After MI And SOA Margin (%)	0.83	0.50	0.37	1.08	2.53
Return on Networth / Equity (%)	5.07	2.55	1.39	3.06	12.62
Return on Capital Employeed (%)	12.90	9.97	6.44	5.58	17.46
Return On Assets (%)	1.66	0.94	0.65	1.55	4.75
Long Term Debt / Equity (X)	0.08	0.00	0.00	0.00	0.00
Total Debt / Equity (X)	0.73	0.53	0.33	0.24	0.38
Asset Turnover Ratio (%)	2.15	2.01	0.09	0.12	0.16
Current Ratio (X)	1.24	1.22	1.59	2.00	1.39
Quick Ratio (X)	0.58	0.58	0.75	1.09	0.66
Inventory Turnover Ratio (X)	6.09	0.05	0.12	0.25	0.11
Interest Coverage Ratio (X)	4.67	4.54	3.84	4.09	5.64
Interest Coverage Ratio (Post Tax) (X)	1.69	1.53	1.33	1.89	3.02
Enterprise Value (Cr.)	51981.36	46697.83	35439.43	80141.67	0.00
EV / Net Operating Revenue (X)	6.54	7.31	6.89	21.24	0.00
EV / EBITDA (X)	103.72	124.17	123.80	421.29	0.00
MarketCap / Net Operating Revenue (X)	6.44	7.24	6.83	21.22	0.00
Price / BV (X)	39.35	36.65	25.48	59.76	0.00
Price / Net Operating Revenue (X)	6.44	7.24	6.83	21.22	0.00

After reviewing the key financial ratios for FSN E-Commerce Ventures Ltd, here is a detailed analysis based on the latest available data and recent trends:

For FaceValue, as of Mar 25, the value is 1.00. This value is within the healthy range. There is no change compared to the previous period (Mar 24) which recorded 1.00.
For Basic EPS (Rs.), as of Mar 25, the value is 0.23. This value is below the healthy minimum of 5. It has increased from 0.11 (Mar 24) to 0.23, marking an increase of 0.12.
For Diluted EPS (Rs.), as of Mar 25, the value is 0.23. This value is below the healthy minimum of 5. It has increased from 0.11 (Mar 24) to 0.23, marking an increase of 0.12.
For Cash EPS (Rs.), as of Mar 25, the value is 1.19. This value is below the healthy minimum of 3. It has increased from 0.93 (Mar 24) to 1.19, marking an increase of 0.26.
For Book Value[Excl.RevalReserv]/Share (Rs.), as of Mar 25, the value is 4.55. It has increased from 4.42 (Mar 24) to 4.55, marking an increase of 0.13.
For Book Value[Incl.RevalReserv]/Share (Rs.), as of Mar 25, the value is 4.55. It has increased from 4.42 (Mar 24) to 4.55, marking an increase of 0.13.
For Revenue From Operations / Share (Rs.), as of Mar 25, the value is 27.80. It has increased from 22.36 (Mar 24) to 27.80, marking an increase of 5.44.
For PBDIT / Share (Rs.), as of Mar 25, the value is 1.75. This value is below the healthy minimum of 2. It has increased from 1.32 (Mar 24) to 1.75, marking an increase of 0.43.
For PBIT / Share (Rs.), as of Mar 25, the value is 0.82. This value is within the healthy range. It has increased from 0.53 (Mar 24) to 0.82, marking an increase of 0.29.
For PBT / Share (Rs.), as of Mar 25, the value is 0.44. This value is within the healthy range. It has increased from 0.24 (Mar 24) to 0.44, marking an increase of 0.20.
For Net Profit / Share (Rs.), as of Mar 25, the value is 0.25. This value is below the healthy minimum of 2. It has increased from 0.15 (Mar 24) to 0.25, marking an increase of 0.10.
For NP After MI And SOA / Share (Rs.), as of Mar 25, the value is 0.23. This value is below the healthy minimum of 2. It has increased from 0.11 (Mar 24) to 0.23, marking an increase of 0.12.
For PBDIT Margin (%), as of Mar 25, the value is 6.30. This value is below the healthy minimum of 10. It has increased from 5.88 (Mar 24) to 6.30, marking an increase of 0.42.
For PBIT Margin (%), as of Mar 25, the value is 2.95. This value is below the healthy minimum of 10. It has increased from 2.37 (Mar 24) to 2.95, marking an increase of 0.58.
For PBT Margin (%), as of Mar 25, the value is 1.60. This value is below the healthy minimum of 10. It has increased from 1.08 (Mar 24) to 1.60, marking an increase of 0.52.
For Net Profit Margin (%), as of Mar 25, the value is 0.92. This value is below the healthy minimum of 5. It has increased from 0.68 (Mar 24) to 0.92, marking an increase of 0.24.
For NP After MI And SOA Margin (%), as of Mar 25, the value is 0.83. This value is below the healthy minimum of 8. It has increased from 0.50 (Mar 24) to 0.83, marking an increase of 0.33.
For Return on Networth / Equity (%), as of Mar 25, the value is 5.07. This value is below the healthy minimum of 15. It has increased from 2.55 (Mar 24) to 5.07, marking an increase of 2.52.
For Return on Capital Employeed (%), as of Mar 25, the value is 12.90. This value is within the healthy range. It has increased from 9.97 (Mar 24) to 12.90, marking an increase of 2.93.
For Return On Assets (%), as of Mar 25, the value is 1.66. This value is below the healthy minimum of 5. It has increased from 0.94 (Mar 24) to 1.66, marking an increase of 0.72.
For Long Term Debt / Equity (X), as of Mar 25, the value is 0.08. This value is below the healthy minimum of 0.2. It has increased from 0.00 (Mar 24) to 0.08, marking an increase of 0.08.
For Total Debt / Equity (X), as of Mar 25, the value is 0.73. This value is within the healthy range. It has increased from 0.53 (Mar 24) to 0.73, marking an increase of 0.20.
For Asset Turnover Ratio (%), as of Mar 25, the value is 2.15. It has increased from 2.01 (Mar 24) to 2.15, marking an increase of 0.14.
For Current Ratio (X), as of Mar 25, the value is 1.24. This value is below the healthy minimum of 1.5. It has increased from 1.22 (Mar 24) to 1.24, marking an increase of 0.02.
For Quick Ratio (X), as of Mar 25, the value is 0.58. This value is below the healthy minimum of 1. There is no change compared to the previous period (Mar 24) which recorded 0.58.
For Inventory Turnover Ratio (X), as of Mar 25, the value is 6.09. This value is within the healthy range. It has increased from 0.05 (Mar 24) to 6.09, marking an increase of 6.04.
For Interest Coverage Ratio (X), as of Mar 25, the value is 4.67. This value is within the healthy range. It has increased from 4.54 (Mar 24) to 4.67, marking an increase of 0.13.
For Interest Coverage Ratio (Post Tax) (X), as of Mar 25, the value is 1.69. This value is below the healthy minimum of 3. It has increased from 1.53 (Mar 24) to 1.69, marking an increase of 0.16.
For Enterprise Value (Cr.), as of Mar 25, the value is 51,981.36. It has increased from 46,697.83 (Mar 24) to 51,981.36, marking an increase of 5,283.53.
For EV / Net Operating Revenue (X), as of Mar 25, the value is 6.54. This value exceeds the healthy maximum of 3. It has decreased from 7.31 (Mar 24) to 6.54, marking a decrease of 0.77.
For EV / EBITDA (X), as of Mar 25, the value is 103.72. This value exceeds the healthy maximum of 15. It has decreased from 124.17 (Mar 24) to 103.72, marking a decrease of 20.45.
For MarketCap / Net Operating Revenue (X), as of Mar 25, the value is 6.44. This value exceeds the healthy maximum of 3. It has decreased from 7.24 (Mar 24) to 6.44, marking a decrease of 0.80.
For Price / BV (X), as of Mar 25, the value is 39.35. This value exceeds the healthy maximum of 3. It has increased from 36.65 (Mar 24) to 39.35, marking an increase of 2.70.
For Price / Net Operating Revenue (X), as of Mar 25, the value is 6.44. This value exceeds the healthy maximum of 3. It has decreased from 7.24 (Mar 24) to 6.44, marking a decrease of 0.80.

Overall, while many metrics show healthy performance, any figures highlighted in red or significant downward trends warrant further investigation.

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of FSN E-Commerce Ventures Ltd as of March 7, 2026 is: ₹100.06

Calculation basis:

Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of March 7, 2026, FSN E-Commerce Ventures Ltd is Overvalued by 61.37% compared to the current share price ₹259.00

Intrinsic Value of FSN E-Commerce Ventures Ltd as of March 7, 2026 is: ₹128.55

Calculation basis:

Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of March 7, 2026, FSN E-Commerce Ventures Ltd is Overvalued by 50.37% compared to the current share price ₹259.00

Last 5 Year EPS CAGR: 28.47%

*Investments are subject to market risks

Strength and Weakness

Strength	Weakness
The stock has a low average Working Capital Days of 14.13, which is a positive sign. The company has higher reserves (731.67 cr) compared to borrowings (691.89 cr), indicating strong financial stability. The company has shown consistent growth in sales (67.56 cr) and profit (57.11 cr) over the years.	The stock has a low average ROCE of 5.88%, which may not be favorable. The stock has a high average Cash Conversion Cycle of 73.13, which may not be favorable.

Stock Analysis

Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in FSN E-Commerce Ventures Ltd:
1. Net Profit Margin: 0.92%
  - Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
2. ROCE: 12.9% (Industry Average ROCE: 9.7%)
  - ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
3. ROE%: 5.07% (Industry Average ROE: 10.97%)
  - ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
4. Interest Coverage Ratio (Post Tax): 1.69
  - Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
5. Quick Ratio: 0.58
  - Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
6. Stock P/E: 490 (Industry average Stock P/E: 202.71)
  - Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
7. Total Debt / Equity: 0.73
  - Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
Stock Rating:

About the Company - Qualitative Analysis

FSN E-Commerce Ventures Ltd. is a Public Limited Listed company incorporated on 24/04/2012 and has its registered office in the State of Maharashtra, India. Company's Corporate Identification Number(CIN) is L52600MH2012PLC230136 and registration number is 230136. Currently company belongs to the Industry of E-Commerce/E-Retail. Company's Total Operating Revenue is Rs. 419.95 Cr. and Equity Capital is Rs. 285.93 Cr. for the Year ended 31/03/2025.

INDUSTRY	ADDRESS	CONTACT
E-Commerce - Electronics/Food/Others	104, Vasan Udyog Bhavan, Mumbai Maharashtra 400013	Contact not found

Management
Name	Position Held
Mrs. Falguni Nayar	Exe.Chairman & Mng.Director
Ms. Adwaita Nayar	Executive Director
Mr. Anchit Nayar	Executive Director
Ms. Santosh Desai	Independent Director
Mr. Pradeep Parameswaran	Independent Director
Mr. Seshashayee Sridhara	Independent Director
Mr. Milind Sarwate	Independent Director
Mr. Sanjay Nayar	Non Executive Director
Mr. Milan Khakhar	Non Executive Director
Ms. Anita Ramachandran	Independent Director

FAQ

What is the intrinsic value of FSN E-Commerce Ventures Ltd?

FSN E-Commerce Ventures Ltd's intrinsic value (as of 07 March 2026) is ₹128.55 which is 50.37% lower the current market price of ₹259.00, indicating overvalued. Calculated using the PE ratio method, this valuation considers the company's ₹74,182 Cr. market cap, FY2025-2026 high/low of ₹286/155, reserves of ₹1,102 Cr, and liabilities of ₹4,332 Cr.

What is the Market Cap of FSN E-Commerce Ventures Ltd?

The Market Cap of FSN E-Commerce Ventures Ltd is 74,182 Cr..

What is the current Stock Price of FSN E-Commerce Ventures Ltd as on 07 March 2026?

The current stock price of FSN E-Commerce Ventures Ltd as on 07 March 2026 is ₹259.

What is the High / Low of FSN E-Commerce Ventures Ltd stocks in FY 2025-2026?

In FY 2025-2026, the High / Low of FSN E-Commerce Ventures Ltd stocks is ₹286/155.

What is the Stock P/E of FSN E-Commerce Ventures Ltd?

The Stock P/E of FSN E-Commerce Ventures Ltd is 490.

What is the Book Value of FSN E-Commerce Ventures Ltd?

The Book Value of FSN E-Commerce Ventures Ltd is 4.85.

What is the Dividend Yield of FSN E-Commerce Ventures Ltd?

The Dividend Yield of FSN E-Commerce Ventures Ltd is 0.00 %.

What is the ROCE of FSN E-Commerce Ventures Ltd?

The ROCE of FSN E-Commerce Ventures Ltd is 9.59 %.

What is the ROE of FSN E-Commerce Ventures Ltd?

The ROE of FSN E-Commerce Ventures Ltd is 5.16 %.

What is the Face Value of FSN E-Commerce Ventures Ltd?

The Face Value of FSN E-Commerce Ventures Ltd is 1.00.