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Last Updated on: 23 February, 2025
Author: Getaka|Social: Getaka Financial Technology X (Earlier Twitter) Profile Getaka Financial Technology LinkedIn Logo
Stock Ticker - BSE: 543384 | NSE: NYKAA

FSN E-Commerce Ventures Ltd: Share Price Analysis, Intrinsic Value & Fundamentals (2025)

Share Price and Basic Stock Data

Last Updated: February 22, 2025, 5:48 am

Market Cap 46,951 Cr.
Current Price 164
High / Low 230/145
Stock P/E890
Book Value 4.56
Dividend Yield0.00 %
ROCE6.87 %
ROE2.44 %
Face Value 1.00
PEG Ratio-16.27

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

View Share Price Target for FSN E-Commerce Ventures Ltd

Competitors of FSN E-Commerce Ventures Ltd

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
FSN E-Commerce Ventures Ltd 46,951 Cr. 164 230/145890 4.560.00 %6.87 %2.44 % 1.00
Fone4 Communications (India) Ltd 28.3 Cr. 16.6 19.2/3.78 3.340.00 %48.6 %62.7 % 10.0
Cartrade Tech Ltd 6,979 Cr. 1,471 1,837/62261.4 4490.00 %4.20 %0.42 % 10.0
Zomato Ltd 2,22,305 Cr. 230 305/144335 22.10.00 %1.14 %1.12 % 1.00
Add-Shop E-Retail Ltd 37.8 Cr. 13.4 29.4/10.5 39.60.00 %6.15 %2.91 % 10.0
Industry Average69,105.00 Cr260.29222.4889.340.00%10.76%9.96%7.75

All Competitor Stocks of FSN E-Commerce Ventures Ltd

Quarterly Result

MetricSep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
Sales 8851,0989731,1481,2311,4631,3021,4221,5071,7891,6681,7461,875
Expenses 8561,0299351,1021,1701,3851,2311,3481,4261,6901,5751,6501,771
Operating Profit 296939466178717381999396104
OPM % 3%6%4%4%5%5%5%5%5%6%6%6%6%
Other Income 561186610798775
Interest 11131315202019192122212124
Depreciation 21253031385153525558606064
Profit before tax 137689139101326202221
Tax % 15%22%-30%32%35%27%51%34%30%31%50%36%37%
Net Profit 12985582581791413
EPS in Rs 0.000.100.030.020.010.030.010.010.020.060.020.030.04

Last Updated: January 5, 2025, 8:07 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: September 23, 2024, 2:26 pm

MetricMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024TTM
Sales 5741,1111,7682,4413,7745,1446,3866,710
Expenses 6011,0911,6852,2833,6104,8876,0396,341
Operating Profit -272183158164257347369
OPM % -5%2%5%6%4%5%5%6%
Other Income 45101227303031
Interest 727463247768486
Depreciation 731607296173224232
Profit before tax -37-32-126647386981
Tax % -25%-23%31%7%13%35%37%
Net Profit -28-25-166241214048
EPS in Rs -3.47-2.87-1.906.820.140.070.110.13
Dividend Payout % 0%0%0%0%0%0%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2018-20192019-20202020-20212021-20222022-20232023-2024
YoY Net Profit Growth (%)10.71%36.00%487.50%-33.87%-48.78%90.48%
Change in YoY Net Profit Growth (%)0.00%25.29%451.50%-521.37%-14.91%139.26%

FSN E-Commerce Ventures Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 6 years from 2018-2019 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:%
5 Years:42%
3 Years:38%
TTM:26%
Compounded Profit Growth
10 Years:%
5 Years:27%
3 Years:-19%
TTM:91%
Stock Price CAGR
10 Years:%
5 Years:%
3 Years:-9%
1 Year:8%
Return on Equity
10 Years:%
5 Years:3%
3 Years:3%
Last Year:2%

Last Updated: Unknown

Balance Sheet

Last Updated: November 14, 2024, 3:34 pm

MonthMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Sep 2024
Equity Capital 1414151547285286286
Reserves 1082163074751,2921,0939771,019
Borrowings 833104133335937989691,306
Other Liabilities 1482353904797147731,1691,112
Total Liabilities 3537761,1241,3022,6462,9503,4013,723
Fixed Assets 34140227231483699668714
CWIP 00222431302
Investments 10138410383433
Other Assets 3084978921,0672,1382,1822,6682,974
Total Assets 3537761,1241,3022,6462,9503,4013,723

Reserves and Borrowings Chart

Cash Flow

MonthMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity +-79-1006133-354-1400
Cash from Investing Activity +31-16215-130-603140-10
Cash from Financing Activity +8223669-38927544
Net Cash Flow33-2690-34-30434

Free Cash Flow

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

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

MonthMar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days4519201191214
Inventory Days114135160122150128119
Days Payable12310011377623439
Cash Conversion Cycle355468569710694
Working Capital Days536153371058156
ROCE %-1%5%13%7%6%7%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthDec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
Promoters52.56%52.43%52.41%52.38%52.34%52.28%52.28%52.26%52.24%52.22%52.20%52.18%
FIIs5.73%5.98%6.54%6.57%11.06%12.26%10.04%9.84%10.65%10.32%10.48%10.13%
DIIs3.42%3.12%2.95%3.01%6.35%7.86%11.58%14.31%15.25%17.16%18.29%21.83%
Public38.29%38.47%38.10%38.03%30.24%27.62%26.10%23.60%21.87%20.31%19.02%15.86%
No. of Shareholders2,53,6663,24,1643,12,2043,21,1215,66,2825,77,9535,85,6985,65,1915,08,9365,20,7884,79,3944,73,213

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
Mirae Asset Large Cap Fund31,535,6161.39556.4118,237,7542025-02-2172.91%
Mirae Asset Large & Midcap Fund29,720,3821.39524.3918,237,7542025-02-2162.96%
Mirae Asset ELSS Tax Saver Fund23,019,6321.67406.1618,237,7542025-02-2126.22%
SBI Contra Fund21,800,0001.12384.6418,237,7542025-02-2119.53%
Mirae Asset Midcap Fund19,000,8532.01335.2518,237,7542025-02-214.18%
Mirae Asset Focused Fund18,237,7543.9321.7918,237,7542025-02-210%
SBI Large & Midcap Fund16,400,0001.13289.3618,237,7542025-02-21-10.08%
Nippon India Focused Equity Fund14,657,0433.01258.6118,237,7542025-02-21-19.63%
Invesco India Contra Fund13,626,3551.49240.4218,237,7542025-02-21-25.28%
SBI Long Term Equity Fund12,000,0000.82211.7318,237,7542025-02-21-34.2%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue 1.001.001.0010.0010.00
Basic EPS (Rs.) 0.110.070.881.39-0.39
Diluted EPS (Rs.) 0.110.070.871.39-0.39
Cash EPS (Rs.) 0.930.692.9085.7229.67
Book Value[Excl.RevalReserv]/Share (Rs.) 4.424.8828.38325.92221.90
Book Value[Incl.RevalReserv]/Share (Rs.) 4.424.8828.38325.92221.90
Revenue From Operations / Share (Rs.) 22.3618.0379.601621.001214.80
PBDIT / Share (Rs.) 1.321.004.01115.0062.80
PBIT / Share (Rs.) 0.530.391.9870.4221.90
PBT / Share (Rs.) 0.240.130.9950.03-8.54
Net Profit / Share (Rs.) 0.150.080.8741.14-11.23
NP After MI And SOA / Share (Rs.) 0.110.060.8641.07-11.41
PBDIT Margin (%) 5.885.565.047.095.16
PBIT Margin (%) 2.372.192.484.341.80
PBT Margin (%) 1.080.741.253.08-0.70
Net Profit Margin (%) 0.680.481.092.53-0.92
NP After MI And SOA Margin (%) 0.500.371.082.53-0.93
Return on Networth / Equity (%) 2.551.393.0612.62-5.15
Return on Capital Employeed (%) 9.976.445.5817.466.94
Return On Assets (%) 0.940.651.554.75-1.47
Total Debt / Equity (X) 0.530.330.240.380.83
Asset Turnover Ratio (%) 2.010.090.120.160.29
Current Ratio (X) 1.221.592.001.391.22
Quick Ratio (X) 0.580.751.090.660.55
Inventory Turnover Ratio (X) 0.050.120.250.110.05
Interest Coverage Ratio (X) 4.543.844.095.642.06
Interest Coverage Ratio (Post Tax) (X) 1.531.331.893.020.63
Enterprise Value (Cr.) 46697.8335439.4380141.670.000.00
EV / Net Operating Revenue (X) 7.316.8921.240.000.00
EV / EBITDA (X) 124.17123.80421.290.000.00
MarketCap / Net Operating Revenue (X) 7.246.8321.220.000.00
Price / BV (X) 36.6525.4859.760.000.00
Price / Net Operating Revenue (X) 7.246.8321.220.000.00

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of FSN E-Commerce Ventures Ltd as of February 23, 2025 is: ₹80.80

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 February 23, 2025, FSN E-Commerce Ventures Ltd is Overvalued by 50.73% compared to the current share price ₹164.00

Intrinsic Value of FSN E-Commerce Ventures Ltd as of February 23, 2025 is: 36.60

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 February 23, 2025, FSN E-Commerce Ventures Ltd is Overvalued by 77.68% compared to the current share price ₹164.00

Last 5 Year EPS CAGR: -54.71%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The company has higher reserves (685.88 cr) compared to borrowings (600.63 cr), indicating strong financial stability.
  2. The company has shown consistent growth in sales (74.75 cr) and profit (27.50 cr) over the years.
  1. The stock has a low average ROCE of 5.29%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 63.71, which may not be favorable.
  3. The stock has a high average Cash Conversion Cycle of 72.86, 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: 0.68%
      • 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: 9.97% (Industry Average ROCE: 10.76%)
      • 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%: 2.55% (Industry Average ROE: 9.96%)
      • 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): 1.53
      • 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: 890 (Industry average Stock P/E: 222.48)
      • 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: 0.53
      • 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. 257.96 Cr. and Equity Capital is Rs. 285.60 Cr. for the Year ended 31/03/2024.
INDUSTRYADDRESSCONTACT
E-Commerce - Electronics/Food/Others104, Vasan Udyog Bhavan, Sun Mill Compound, Mumbai Maharashtra 400013companysecretary@nykaa.com
https://www.nykaa.com
Management
NamePosition Held
Mrs. Falguni NayarExecutive Chairperson, MD & CEO
Ms. Adwaita NayarExecutive Director
Mr. Anchit NayarExecutive Director
Ms. Santosh DesaiIndependent Director
Mr. Pradeep ParameswaranIndependent Director
Mr. Seshashayee SridharaIndependent Director
Mr. Milind SarwateIndependent Director
Mr. Sanjay NayarNon Exe.Non Ind.Director
Mr. Milan KhakharNon Exe.Non Ind.Director
Ms. Anita RamachandranIndependent Director

FAQ

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

Let's break down FSN E-Commerce Ventures Ltd's intrinsic value simply:

We calculate intrinsic value using the PE Ratio Method - comparing the company's current price-to-earnings ratio with its historical average and industry peers. Think of it like checking if a stock is "on sale" compared to its typical pricing.

As of 23 February 2025:

  • Calculated Fair Value: ₹80.80
  • Current Market Price: ₹164.00
  • Variance: 50.73% lower

This suggests FSN E-Commerce Ventures Ltd is currently overvalued by 50.73%. For context:

  • Market Cap: 46,951 Cr.
  • 52-Week Range: 230/145
  • Reserves (Sep 2024): ₹1,019 Cr
  • Liabilities: 3,723 Cr

Remember: The PE method gives a snapshot based on earnings multiples. While useful for quick comparisons, investors should also consider growth prospects, industry trends, and economic conditions. This calculation assumes historical PE ratios remain relevant - always verify with current market dynamics.

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

The Market Cap of FSN E-Commerce Ventures Ltd is 46,951 Cr..

What is the current Stock Price of FSN E-Commerce Ventures Ltd as on 23 February 2025?

The current stock price of FSN E-Commerce Ventures Ltd as on 23 February 2025 is ₹164.

What is the High / Low of FSN E-Commerce Ventures Ltd stocks in FY 2024-2025?

In FY 2024-2025, the High / Low of FSN E-Commerce Ventures Ltd stocks is 230/145.

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

The Stock P/E of FSN E-Commerce Ventures Ltd is 890.

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

The Book Value of FSN E-Commerce Ventures Ltd is 4.56.

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 6.87 %.

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

The ROE of FSN E-Commerce Ventures Ltd is 2.44 %.

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

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

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in FSN E-Commerce Ventures Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE