NYKAA
FSN E-Commerce Ventures Limited (NYKAA) Stock Analysis
FSN E-Commerce Ventures Limited, known as Nykaa, operates India's leading beauty and fashion online retail platform. It sells cosmetics, skincare, apparel, and accessories through its app, website, and physical stores. The company blends private labels, brand partnerships, and content-led commerce. It is listed on Indian stock exchanges as a prominent consumer internet retailer.
Consumer Cyclical › Internet Retail
₹343.00
+5.55% 1W | +28.70% 52W
Market Cap
98.3k CR
P/E Ratio
385.4
52W High
₹349.6
52W Low
₹232
Div. Yield
0%
Beta
0.4
50 DMA
₹333.8
200 DMA
₹286.2
Profit Margin
2.4%
Inst. Own.
32.3%
🔥 APPROACHING RESISTANCE
🔥 APPROACHING RESISTANCE
Fundamentals
Profit & Loss
| Metric | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,422 | 1,507 | 1,789 | 1,668 | 1,746 | 1,875 | 2,267 | 2,062 | 2,155 | 2,346 | 2,873 | 2,648 | 2,782 |
| Expenses | 1,348 | 1,426 | 1,690 | 1,575 | 1,650 | 1,771 | 2,126 | 1,928 | 2,014 | 2,187 | 2,644 | 2,425 | 2,546 |
| Operating Profit | 73 | 81 | 99 | 93 | 96 | 104 | 141 | 133 | 141 | 159 | 230 | 223 | 236 |
| OPM % | 5% | 5% | 6% | 6% | 6% | 6% | 6% | 6% | 7% | 7% | 8% | 8% | 8% |
| Other Income | 7 | 9 | 8 | 7 | 7 | 5 | 6 | 9 | 9 | 7 | -10 | 9 | 9 |
| Interest | 19 | 21 | 22 | 21 | 21 | 24 | 32 | 30 | 30 | 31 | 29 | 26 | 27 |
| Depreciation | 52 | 55 | 58 | 60 | 60 | 64 | 70 | 73 | 76 | 79 | 81 | 84 | 89 |
| Profit before tax | 10 | 13 | 26 | 20 | 22 | 21 | 45 | 40 | 44 | 55 | 110 | 122 | 129 |
| Tax % | 34% | 30% | 31% | 50% | 36% | 37% | 39% | 52% | 44% | 40% | 38% | 35% | 38% |
| Net Profit | 5 | 8 | 17 | 9 | 14 | 13 | 26 | 19 | 24 | 33 | 68 | 79 | 80 |
| EPS in Rs | 0.01 | 0.02 | 0.06 | 0.02 | 0.03 | 0.04 | 0.09 | 0.07 | 0.08 | 0.12 | 0.22 | 0.27 | 0.28 |
| Metric | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 574 | 1,111 | 1,768 | 2,441 | 3,774 | 5,144 | 6,386 | 7,950 | 10,022 | 10,649 |
| Expenses | 601 | 1,091 | 1,685 | 2,283 | 3,610 | 4,887 | 6,039 | 7,475 | 9,269 | 9,802 |
| Operating Profit | -27 | 21 | 83 | 158 | 164 | 257 | 347 | 475 | 753 | 848 |
| OPM % | -4.6% | 1.9% | 4.7% | 6% | 4.3% | 5% | 5% | 6% | 8% | 8% |
| Other Income | 4 | 5 | 10 | 12 | 27 | 30 | 30 | 27 | 15 | 15 |
| Interest | 7 | 27 | 46 | 32 | 47 | 76 | 84 | 108 | 118 | 114 |
| Depreciation | 7 | 31 | 60 | 72 | 96 | 173 | 224 | 266 | 320 | 334 |
| Profit before tax | -37 | -32 | -12 | 66 | 47 | 38 | 69 | 127 | 330 | 416 |
| Tax % | -25% | -23% | 31% | 7% | 13% | 35% | 37% | 42% | 38% | |
| Net Profit | -28 | -25 | -16 | 62 | 41 | 21 | 40 | 72 | 204 | 259 |
| EPS in Rs | -3.47 | -2.87 | -1.90 | 6.82 | 0.14 | 0.07 | 0.11 | 0.23 | 0.70 | 0.89 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Growth — CAGR
| Metric | 3Y | 5Y | 10Y |
|---|---|---|---|
| Revenue CAGR | 25.0% | 33.0% | – |
| Profit CAGR | 122.0% | 28.0% | – |
Shareholding Pattern
Promoters52.14%
FIIs11.63%
DIIs23.64%
Public12.58%
Promoters52.12%
FIIs12.54%
DIIs24.99%
Public10.36%
Promoters52.10%
FIIs12.15%
DIIs25.36%
Public10.41%
Promoters52.09%
FIIs12.40%
DIIs25.35%
Public10.15%
Promoters52.07%
FIIs13.73%
DIIs24.08%
Public10.12%
Promoters52.28%
FIIs12.26%
DIIs7.86%
Public27.62%
Promoters52.22%
FIIs10.32%
DIIs17.16%
Public20.31%
Promoters52.16%
FIIs8.83%
DIIs25.20%
Public13.81%
Promoters52.09%
FIIs12.40%
DIIs25.35%
Public10.15%
Promoters52.07%
FIIs13.73%
DIIs24.08%
Public10.12%
NYKAA
Holdings Analysis
Key strengths & risk signals
78
Overall
72
Fundamental
84
Technical
Risks (1)
LOW MARGIN! 2.4% profit margin - thin profits.
Strengths (4)
PERFECT RECORD! Revenue has grown consistently every year. Exceptional business stability.
BULLISH TREND! 50-day average (333.8) is above 200-day average (286.2) - positive signal.
BULLISH SENTIMENT! In last 30 days: 13 up days, 17 down days. Avg volume on up days: 6,120,936 vs down days: 3,523,719. Ratio: 1.74x
STRONG! Trading at 94.4% of 52W range - near yearly highs.
Fundamental & Technical Analysis
78Overall
72Fundamental
84Technical
Fundamental Breakdown
Growth Quality
30/30
Revenue CAGR: 24.7% (EXCELLENT, 15/15). Profit CAGR: 118.0% (EXCELLENT, 15/15).
Profit Margin
2/10
LOW MARGIN! 2.4% profit margin - thin profits.
PEG Valuation
3/10
OVERVALUED! PEG of 3.27 means expensive relative to growth rate.
Dividend Yield
3/10
NEGLIGIBLE DIVIDEND! 0% yield - little to no income.
Debt to Equity
10/10
VERY LOW DEBT! D/E of 0.00 - excellent financial health.
Public Holding
14/20
MODERATE PUBLIC HOLDING! 26.1% public ownership - balanced ownership structure.
Stability Index
10/10
PERFECT RECORD! Revenue has grown consistently every year. Exceptional business stability.
Technical Breakdown
Moving Averages
12/10
BULLISH TREND! 50-day average (333.8) is above 200-day average (286.2) - positive signal.
Price Position
8/10
STRONG POSITION! Current price (343.0) is above both moving averages.
Trend Pattern
10/20
AT RESISTANCE! Stock is at key resistance level.
52W Performance
8/10
GOOD YEAR! Stock gained 28.7% in the last year.
Volume Sentiment
30/30
BULLISH SENTIMENT! In last 30 days: 13 up days, 17 down days. Avg volume on up days: 6,120,936 vs down days: 3,523,719. Ratio: 1.74x
RSI
3/5
NEUTRAL! RSI at 56.2 - balanced momentum.
52W Range
5/5
STRONG! Trading at 94.4% of 52W range - near yearly highs.
Momentum
3/5
MIXED MOMENTUM! Price growth is inconsistent - 5.5% (1 week), 0.0% (1 month), 3.9% (3 months).
Beta
5/5
LOW VOLATILITY! Beta of 0.40 - stable stock, less market risk.
NYKAA
Concall / Investor Presentation
Earnings call transcripts & AI summaries
| Quarter | Concall | Summary |
|---|---|---|
| Q1FY272026-08-07 | Concall PDF | |
| Q4FY262026-05-26 | Concall PDF | |
| Q3FY262026-02-09 | Concall PDF | |
| Q2FY262025-11-12 | Concall PDF |
Peer Comparison
Consumer Cyclical · Internet Retail · 8 stocks
| Stock | Price | P/E | Profit Margin | Revenue CAGR 5Y | Profit CAGR 5Y | 52W Change | Stock Strength | Trendline | YoY Profit | QoQ Profit | YoY Revenue | QoQ Revenue |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| NYKAA | ₹343.00 | 385.4 | 2.4% | 24.7% | 118.0% | +28.7% | 78 | APPROACHING RESISTANCE | +243.3% | +2.0% | +29.1% | +5.1% |
| MEESHO | ₹232.70 | – | -8.7% | 30.1% | – | +36.5% | 64 | CONSOLIDATING UP | -54.1% | -20.1% | +48.3% | +5.1% |
| SWIGGY | ₹234.20 | – | -15.0% | 41.0% | – | -46.1% | 56 | BREAKDOWN | -33.9% | -1.1% | +37.3% | +6.7% |
| ETERNAL | ₹323.40 | 688.2 | 0.6% | 97.7% | – | -5.1% | 65 | APPROACHING SUPPORT | +268.0% | -47.1% | +182.0% | +16.9% |
| INDIAMART | ₹1,606.80 | 19.6 | 30.6% | 16.8% | 18.7% | -32.9% | 62 | CONSOLIDATING DOWN | +12.2% | +243.0% | +11.4% | +2.5% |
| FIRSTCRY | ₹169.20 | – | -1.4% | 16.5% | – | -54.0% | 47 | CONSOLIDATING DOWN | -32.8% | +3.0% | +13.1% | -2.6% |
| RTNINDIA | ₹24.90 | – | -8.6% | 22.1% | – | -51.9% | 52 | BOUNCE FROM SUPPORT | -97.0% | -113.7% | +9.8% | +10.3% |
| ISFT | ₹100.00 | 11.9 | 2.5% | 5.3% | 16.4% | +0.6% | 71 | CONSOLIDATION | +9.8% | +45.2% | +8.2% | +2.6% |
Data from TradeAlone · Updated daily
NYKAA News
Fsn E-commerce Ventures Limited (nykaa) Partners with L’oréal’s BOLD to Back Indian Beauty Startups2026-09-24Fsn E-commerce Ventures Limited (nykaa) Q1 FY27: Net Revenue Growth Accelerates to 29% Yoy2026-08-04FSN E-Commerce Ventures Limited (NSE: NYKAA) breaks out, gains 7% intraday2026-06-18FSN E-Commerce Ventures Limited (NSE: NYKAA) breaks out, gains 7% intraday2026-06-18FSN E-Commerce Ventures Limited (NSE: NYKAA) breaks out, moves up 6% intraday2026-06-18FSN E-Commerce Ventures Limited (NSE: NYKAA) breaks out, gains 7% intraday2026-06-18FSN E-Commerce Ventures Limited (NSE: NYKAA) breaks out, gains 6% intraday2026-06-18FSN E-Commerce Ventures Limited (NSE: NYKAA) breaks out, gains 6% intraday2026-06-18FSN E-Commerce Ventures Limited (NSE: NYKAA) breaks out, gains 5% intraday2026-06-18Fsn E-commerce Ventures Limited (nykaa) Targets USD 5 Billion+ GMV by FY302026-06-18Fsn E-commerce Ventures Limited (nykaa) Crosses USD 1 Billion Revenue Milestone in Fy2026; Ebitda Up 59% Yoy and PAT Up 183% Yoy2026-05-21
