Financials FSN E-Commerce Ventures Limited

Equities

NYKAA

INE388Y01029

Department Stores

Market Closed - NSE India S.E. 07:43:53 2024-05-31 am EDT 5-day change 1st Jan Change
164.2 INR +1.67% Intraday chart for FSN E-Commerce Ventures Limited -2.32% -5.61%

Valuation

Fiscal Period: March 2022 2023 2024 2025 2026
Capitalization 1 801,024 354,417 469,014 - -
Enterprise Value (EV) 1 801,684 358,606 462,527 475,340 475,577
P/E ratio 1,942 x 1,775 x 1,472 x 219 x 108 x
Yield - - - - 0.03%
Capitalization / Revenue 21.2 x 6.89 x 7.24 x 5.76 x 4.6 x
EV / Revenue 21.2 x 6.97 x 7.24 x 5.83 x 4.67 x
EV / EBITDA 491 x 140 x 134 x 83.4 x 53.5 x
EV / FCF -179 x -103 x 2,126 x 274 x 131 x
FCF Yield -0.56% -0.97% 0.05% 0.37% 0.77%
Price to Book 59.8 x 25.7 x 32.8 x 30.6 x 24.2 x
Nbr of stocks (in thousands) 2,844,629 2,852,447 2,856,359 - -
Reference price 2 281.6 124.2 164.2 164.2 164.2
Announcement Date 5/27/22 5/24/23 5/22/24 - -
1INR in Million2INR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: March 2021 2022 2023 2024 2025 2026
Net sales 1 - 37,739 51,438 63,856 81,474 101,930
EBITDA 1 - 1,633 2,560 3,462 5,702 8,894
EBIT 1 - 668.4 827.9 1,219 3,343 6,215
Operating Margin - 1.77% 1.61% 1.91% 4.1% 6.1%
Earnings before Tax (EBT) 1 - 473.1 384 690.3 2,830 5,480
Net income 1 618.5 410.8 192.6 322.6 2,095 4,023
Net margin - 1.09% 0.37% 0.51% 2.57% 3.95%
EPS 2 6.678 0.1450 0.0700 0.1100 0.7485 1.516
Free Cash Flow 1 - -4,479 -3,484 223.8 1,736 3,638
FCF margin - -11.87% -6.77% 0.35% 2.13% 3.57%
FCF Conversion (EBITDA) - - - 6.41% 30.45% 40.91%
FCF Conversion (Net income) - - - 44.56% 82.88% 90.42%
Dividend per Share 2 - - - - - 0.0571
Announcement Date 8/3/21 5/27/22 5/24/23 5/22/24 - -
1INR in Million2INR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: March 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1
Net sales 1 - 10,984 9,733 11,484 12,308 14,628 13,017 14,218 15,354 17,999 16,507 18,141
EBITDA 1 - 689.8 385.2 460.5 611.4 781.6 706.9 734.7 855.2 1,122 930.3 -
EBIT 1 - 497.7 80.35 150.4 226.4 274.6 176.5 215.5 514.2 719.4 351.1 426.7
Operating Margin - 4.53% 0.83% 1.31% 1.84% 1.88% 1.36% 1.52% 3.35% 4% 2.13% 2.35%
Earnings before Tax (EBT) 1 - - 58.16 83.4 - - 86.29 97.19 162 463 259 -
Net income 1 - 279.3 85.6 45.5 41.08 81.93 24.11 33.03 137.5 286 138.2 -
Net margin - 2.54% 0.88% 0.4% 0.33% 0.56% 0.19% 0.23% 0.9% 1.59% 0.84% -
EPS 2 0.005000 0.1000 0.0300 0.0167 0.0150 0.0300 0.0100 0.0200 0.0950 0.1310 0.0524 0.0597
Dividend per Share 2 - - - - - - - - - - - -
Announcement Date 12/1/21 2/9/22 5/27/22 8/5/22 11/1/22 2/13/23 5/24/23 8/11/23 - - - -
1INR in Million2INR
Estimates

Balance Sheet Analysis

Fiscal Period: March 2021 2022 2023 2024 2025 2026
Net Debt 1 - 660 4,190 6,854 6,326 6,563
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) - 0.4042 x 1.636 x 1.964 x 1.109 x 0.7379 x
Free Cash Flow 1 - -4,479 -3,484 224 1,736 3,638
ROE (net income / shareholders' equity) - 4.49% 1.42% 3.47% 14.4% 23.4%
ROA (Net income/ Total Assets) - - 0.69% 1.4% 6.5% 11.2%
Assets 1 - - 27,981 35,877 32,224 35,924
Book Value Per Share 2 - 4.710 4.830 5.010 5.360 6.780
Cash Flow per Share 2 - -1.250 -0.5100 0.1700 0.5800 1.440
Capex 1 - 940 2,082 1,431 1,703 1,809
Capex / Sales - 2.49% 4.05% 2.26% 2.09% 1.77%
Announcement Date 8/3/21 5/27/22 5/24/23 5/22/24 - -
1INR in Million2INR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
D+
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
22
Last Close Price
164.2 INR
Average target price
186.6 INR
Spread / Average Target
+13.66%
Consensus
  1. Stock Market
  2. Equities
  3. NYKAA Stock
  4. Financials FSN E-Commerce Ventures Limited