NSE/NYKAA

NYKAAFSN E-Commerce Ventures (Nykaa)

Consumer Services · NSE

₹269.66+2.68%

52-wk low52-WEEK RANGE52-wk high

₹177+52.4% from low ·-3.9% from high₹280.69

Price chart · 1M–10Y · daily-close

NSE bhavcopy + 10Y historical

NYKAA+52.35% · 1Y

Range high ₹285.6Range low ₹172.39Latest ₹269.66252 bars · daily-close · NSE bhavcopy + 10Y history

Consumer ServicesLargecap

Stock scorecard

Auto-computed from latest ratios + sector context · not a buy/sell signal

Composite33/100

Performance

—

Not enough price history to score.

Valuation

High

Looks expensive vs the sector.

· P/E 547.1 — 1082% above sector median 46.3
· P/B 55.42 above sector median

Growth

High

Growing faster than the broader market.

· Revenue YoY +24.5% — strong top-line
· Profit YoY +104.8% — strong earnings growth

Profitability

Low

Profitability is a concern.

· Net margin 0.8% — thin margins

DVM composite · Durability · Valuation · Momentum

Trendlyne-style 3-axis composite · all drivers shown below · not a buy/sell signal

CompositeD(42/100)

Durability

45/100

Mixed quality signals; requires deeper due diligence.

Show 3 drivers

Piotroski F-score5/8 (63pt)
Altman Z" score0.75 (21pt)
Debt/Equity0.98 (52pt)

Valuation

0/100

Richly valued on most axes; limited margin of safety.

Show 3 drivers

P/E vs sector (547.1 / 46.3)1182% (0pt)
P/B55.42 (0pt)
EV/EBITDA174.9 (0pt)

Momentum

80/100

Strong, confirmed momentum across price + technicals.

Show 4 drivers

DMA-trend alignmentup (75pt)
RSI (14)65.5 (90pt)
Price vs 200-DMA+10.2% (80pt)
MACD regimebullish (75pt)

Valuation positioning

Current ratio vs sector peer distribution

P/B55.42

OVERVALUED

CheapestP/B 55.42 at 100th %ile of sector.Most expensive

EV/EBITDA174.93

OVERVALUED

CheapestEV/EBITDA 174.9 — expensive on EV basis.Most expensive

Monthly seasonality

Avg monthly return over 5 years · historical — not a forecast

Best: Apr +6.27% · Worst: Jan -9.31%

Jan

-9.3%

20% win

Feb

-3.5%

40% win

Mar

+4.8%

60% win

Apr

+6.3%

80% win

May

-3.1%

50% win

Jun

+5.7%

Monthly return distribution

Distribution of 53 monthly returns

Mean

-0.23%

Median

-0.81%

Std dev

10.59%

Best

+30.8%

Worst

-21.8%

% positive

45%

SWOT analysis

Auto-derived from ratios + sector context + forensics · research only, not a recommendation

STRENGTHS · 1

Consistent top-line growth (28.1% 3Y CAGR)
Sustained revenue compounding is rare and hard to fake

WEAKNESSES · 2

Premium to sector on P/E (+1082%)
P/E 547.1 vs Consumer Services median 46.3
Distress-zone Altman Z″ (0.75)
Historically associated with elevated bankruptcy probability

OPPORTUNITIES · 0

No strong near-term catalysts visible

THREATS · 1

Valuation compression risk
P/E 547.1 is 1082% above sector — any growth miss gets punished

RETURNS · DAILY-CLOSE BASED

3Y+ shown as CAGR

+2.7%

+3.9%

+13.2%

+5.1%

+11.8%

+52.6%

+23.9%

-6.8%

10Y

—

Fundamentals

VALUATION

Market cap

₹76,756 Cr

P/E (TTM)

547.1

P/E (fwd)

—

next 12m

P/B

55.42

EV/EBITDA

174.9

Book value

—

per share

PROFITABILITY · QUALITY

ROE

—

ROCE

—

Net margin

0.8%

Op margin

—

Gross margin

—

D/E

0.98

GROWTH · MARKET

Rev YoY

+24.5%

Profit YoY

+104.8%

Div yield

—

Payout

—

52w change

—

Beta

—

Pros and cons

Auto-derived from ratios · not a buy/sell recommendation

PROS · 3

+Revenue growing at +24.5% YoYGrowth-category territory — implies market-share gains or market expansion
+Profit growing fast (+104.8% YoY)Operating leverage kicking in — bottom line out-growing top line
+3-year revenue CAGR of 28.1%Sustained multi-year growth — not a one-quarter flash

CONS · 2

−Trades at a premium to sector on P/EP/E 547.1 vs Consumer Services median 46.3 — priced for more growth than peers
−Very high absolute P/E (547x)At this multiple the market prices in several years of strong growth upfront — risk of correction if growth disappoints

Sector-relative context

Consumer Services · 12 peers

P/E (TTM)

This stock

547.06

Sector median

46.26

Rank 8/12 (42th %ile)

ROE

This stock

—

Sector median

10.9%

—

P/B

This stock

55.42

Sector median

6.14

Rank 12/12 (8th %ile)

Quality score · Piotroski F-score

5 / 8

Decent quality — clears Piotroski bar

✓Profitable (positive net income)· Most basic check — company makes money
✓Positive return on assets· Assets generate returns
✗Positive operating cash flow· Profits are backed by real cash, not accruals
✗Operating CF exceeds net profit· Healthy cash conversion — no aggressive revenue recognition
✓Long-term debt decreased YoY· Deleveraging — lower refinancing risk
✓ROA improved YoY· Getting more productive with the asset base
✓Operating margin expanded YoY· Pricing power or cost discipline
✗

Forensic score · Altman Z″ (emerging markets)

Bankruptcy-risk predictor · 1995 Altman emerging-market revision

DISTRESS0.75

Z″ = 0.75 — DISTRESS zone. Historical Altman-Z models have associated this range with elevated 2-year bankruptcy probability. Treat as a flag for deeper diligence, not a verdict.

Component	Ratio	Weight	Contribution
Working Capital / Total Assets (A)	0.100	×6.56	0.656
Retained Earnings / Total Assets (B)	-0.022	×3.26	-0.072
EBIT / Total Assets (C)	0.026	×6.72	0.172
Book Equity / Total Liabilities (D)	-0.004	×1.05	-0.004

Zones: Z″ ≥ 2.60 safe · 1.10–2.60 grey · < 1.10 distress. Working capital proxied from reported cash + 10% buffer (exact 'current assets − current liabilities' line not ingested). Treat as directional.

Quarterly results

Last 6 quarters · ₹ Cr (Screener.in-grade depth)

Metric	2024-Q3	2024-Q4	2025-Q1	2025-Q2	2025-Q3	2025-Q4
Revenue	—	2,267	1,997	2,155	2,346	2,873
Operating profit	—	71	65	65	80	149
OPM %	—	3.1%	3.3%	3.0%	3.4%	5.2%

Annual P&L

Last 4 years · ₹ Cr · all line items

Metric	2022-FY	2023-FY	2024-FY	2025-FY
Revenue	3,755	5,117	6,340	7,885
Operating profit	68	84	123	212
OPM %	1.8%	1.6%	1.9%	2.7%
Interest	45	72	81	105
Depreciation

Peer	Last close	1Y change	Mcap ₹Cr	P/E	P/B	ROE	D/E	Rev YoY
NYKAATHIS FSN E-Commerce Ventures Limited	₹269.66	+40.3%	76,756	547.1	55.42	—	0.98	+24.5%
INDHOTEL The Indian Hotels Company Limited	₹659.3	-21.1%	93,875	46.7	8.11	17.4%	0.25	+11.9%
NAUKRI Info Edge (India) Limited	₹1,054.55	-84.8%	69,147	51.4	1.42	2.8%	0.01	+13.4%
JUBLFOOD Jubilant Foodworks Limited	₹458.95	-34.0%	29,829	93.3	13.17	—	0.03	+17.2%
EIHOTEL EIH Limited	₹321.9	-15.6%	20,065	31.2	4.26	13.7%	0.05	+41.6%
CHALET Chalet Hotels Limited	₹779.95	-5.9%	17,031	28.1	4.98	17.7%	0.73	+21.2%
DEVYANI Devyani International Limited	₹107.7	-37.4%	13,247	—	8.41	-2.5%	1.71	+39.2%
LEMONTREE Lemon Tree Hotels Limited	₹114.55	-22.2%	9,027	41.0	7.30	—	1.10	+20.1%
CARTRADE Cartrade Tech Limited	₹1,858	+15.4%	8,751	45.8	3.71	8.1%	0.05	+30.9%

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Research tool · not investment advice.

Axel Markets is an information + analytics product. We are not a SEBI-registered Research Analyst (RA) or Investment Adviser (IA). Nothing on this page is a buy, sell, or hold recommendation. Past performance is not indicative of future returns. Verify all data against the authoritative source (NSE, BSE, AMFI, SEBI, company RHP / factsheet) before acting. Daily OHLCV sourced primarily from our NSE bhavcopy ingest (public sec_bhavdata_full CSV), with Stooq as a fallback for historical gaps. Split + bonus adjusted. Excludes dividends. Not a recommendation. Past performance does not predict future returns. For authoritative live quotes see NSE / BSE directly.

Quarter	EPS estimate	EPS actual	Surprise %
-1q	0.23	0.26	+10.9%
-2q	0.14	0.12	-13.6%
-3q	0.13	0.08	-40.7%
-4q	0.10	0.07	-27.4%

Metric	2022-FY	2023-FY	2024-FY	2025-FY
Equity capital	47	285	286	286
Reserves	-58	-39	-6	48
Borrowings	593	798	969	1,321
Total liabilities	2,646	2,950	3,401	3,980
Fixed assets	388	559	507	607
CWIP	17	16	11	6
Investments	43	2	5	47
Other assets	10	24	12	10
Total assets	2,646	2,950	3,401	3,980

Metric	2022-FY	2023-FY	2024-FY	2025-FY
CF Operating	-354	-140	0	467
CF Investing	-603	140	-10	-205
CF Financing	927	5	44	-212
Net cash flow	-30	4	34	49
Free cash flow	-448	-348	-110	339

Metric	2025-FY	2024-FY	2023-FY	2022-FY
OPM %	2.7%	1.9%	1.6%	1.8%
Net margin %	0.8%	0.5%	0.4%	1.1%
ROE %	21.5%	12.3%	16.3%	-382.5%
ROCE %	16.0%	13.1%	13.6%	15.8%
Debt / Equity	3.95	3.47	3.24	-55.18
Interest coverage	2.2×	1.9×	1.5×	2.1×
Revenue growth YoY	+24.4%	+23.9%	+36.3%	—
Profit growth YoY	+104.8%	+67.5%	-53.1%	—

NYKAAFSN E-Commerce Ventures (Nykaa)

Price chart · 1M–10Y · daily-close

Stock scorecard

DVM composite · Durability · Valuation · Momentum

Valuation positioning

Monthly seasonality

Monthly return distribution

SWOT analysis

Fundamentals

Pros and cons

Sector-relative context

Quality score · Piotroski F-score

Forensic score · Altman Z″ (emerging markets)

Quarterly results

Annual P&L

Peer comparison · Consumer Services

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Technical snapshot

Earnings history + surprises

Dividends + splits history

Stock scorecard

Recent news

DVM composite · Durability · Valuation · Momentum

Valuation positioning

Monthly seasonality

Monthly return distribution

Fundamentals

Pros and cons

Sector-relative context

Quality score · Piotroski F-score

Forensic score · Altman Z″ (emerging markets)

Quarterly results

Annual P&L

SWOT analysis

Balance sheet

Cash flow statement

Ratios

Peer comparison · Consumer Services