FSN E-COMMERCE VENTURES LIMITED |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 169.9 INR | +0.89% |
|
-2.19% | -2.33% |
| Apr. 08 | INDIA STOCKS-Reliance leads India's Nifty 50 to 19th record high this year | RE |
| Apr. 07 | Nykaa Provides Revenue Guidance for the Year 2024 | CI |
Valuation
| Fiscal Period: März | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|
| Capitalization 1 | 801,024 | 354,417 | 485,269 | - | - |
| Enterprise Value (EV) 1 | 801,684 | 358,606 | 492,123 | 493,099 | 492,829 |
| P/E ratio | 1,942 x | 1,775 x | 1,035 x | 223 x | 112 x |
| Yield | - | - | - | - | 0.04% |
| Capitalization / Revenue | 21.2 x | 6.89 x | 7.66 x | 6 x | 4.78 x |
| EV / Revenue | 21.2 x | 6.97 x | 7.76 x | 6.09 x | 4.86 x |
| EV / EBITDA | 491 x | 140 x | 141 x | 83.6 x | 54 x |
| EV / FCF | -179 x | -103 x | 2,199 x | 242 x | 167 x |
| FCF Yield | -0.56% | -0.97% | 0.05% | 0.41% | 0.6% |
| Price to Book | 59.8 x | 25.7 x | 33.9 x | 29.5 x | 23.9 x |
| Nbr of stocks (in thousands) | 2,844,629 | 2,852,447 | 2,856,203 | - | - |
| Reference price 2 | 281.6 | 124.2 | 169.9 | 169.9 | 169.9 |
| Announcement Date | 5/27/22 | 5/24/23 | - | - | - |
1INR in Million2INR
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: März | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Net sales 1 | - | 37,739 | 51,438 | 63,386 | 80,922 | 101,424 |
| EBITDA 1 | - | 1,633 | 2,560 | 3,499 | 5,895 | 9,128 |
| EBIT 1 | - | 668.4 | 827.9 | 1,285 | 3,449 | 6,066 |
| Operating Margin | - | 1.77% | 1.61% | 2.03% | 4.26% | 5.98% |
| Earnings before Tax (EBT) 1 | - | 473.1 | 384 | 722.1 | 2,818 | 5,595 |
| Net income 1 | 618.5 | 410.8 | 192.6 | 500.9 | 2,033 | 4,053 |
| Net margin | - | 1.09% | 0.37% | 0.79% | 2.51% | 4% |
| EPS 2 | 6.678 | 0.1450 | 0.0700 | 0.1641 | 0.7620 | 1.522 |
| Free Cash Flow 1 | - | -4,479 | -3,484 | 223.8 | 2,034 | 2,949 |
| FCF margin | - | -11.87% | -6.77% | 0.35% | 2.51% | 2.91% |
| FCF Conversion (EBITDA) | - | - | - | 6.4% | 34.51% | 32.31% |
| FCF Conversion (Net income) | - | - | - | 44.69% | 100.07% | 72.76% |
| Dividend per Share 2 | - | - | - | - | - | 0.0667 |
| Announcement Date | 8/3/21 | 5/27/22 | 5/24/23 | - | - | - |
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 | 18,156 |
| 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 | 544.1 |
| Operating Margin | - | 4.53% | 0.83% | 1.31% | 1.84% | 1.88% | 1.36% | 1.52% | 3.35% | 4% | 2.13% | 3% |
| 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 | 7,830 | 7,560 |
| Net Cash position 1 | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | - | 0.4042 x | 1.636 x | 1.959 x | 1.328 x | 0.8283 x |
| Free Cash Flow 1 | - | -4,479 | -3,484 | 224 | 2,035 | 2,949 |
| ROE (net income / shareholders' equity) | - | 4.49% | 1.42% | 3.47% | 13.1% | 22% |
| ROA (Net income/ Total Assets) | - | - | 0.69% | 1.4% | 6.5% | 11.2% |
| Assets 1 | - | - | 27,981 | 35,779 | 31,279 | 36,185 |
| Book Value Per Share 2 | - | 4.710 | 4.830 | 5.010 | 5.760 | 7.100 |
| Cash Flow per Share 2 | - | -1.250 | -0.5100 | 0.1700 | 0.5800 | 0.9600 |
| Capex 1 | - | 940 | 2,082 | 1,434 | 1,629 | 1,701 |
| Capex / Sales | - | 2.49% | 4.05% | 2.26% | 2.01% | 1.68% |
| Announcement Date | 8/3/21 | 5/27/22 | 5/24/23 | - | - | - |
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+
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
22
Last Close Price
169.9
INR
Average target price
177.9
INR
Spread / Average Target
+4.71%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -2.33% | 5.81B | |
| +23.39% | 1,951B | |
| +11.46% | 49.27B | |
| +38.97% | 40.23B | |
| +14.03% | 10.04B | |
| +14.62% | 8.62B | |
| -23.60% | 7.24B | |
| +5.89% | 6.4B | |
| +17.25% | 5.75B | |
| -54.07% | 3.57B |
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