FSN E-COMMERCE VENTURES LIMITED |
Delayed
Other stock markets
|
5-day change | 1st Jan Change | ||
| 174.2 INR | -0.78% |
|
-0.46% | +0.13% |
| 14/06 | Transcript : FSN E-Commerce Ventures Limited - Analyst/Investor Day | |
| 07/06 | FSN E-commerce Ventures Forms Step-Down Subsidiary in Kuwait | MT |
Valuation
| Fiscal Period: März | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|
| Capitalization 1 | 8,01,024 | 3,54,417 | 5,01,517 | - | - |
| Enterprise Value (EV) 1 | 8,01,684 | 3,58,606 | 4,62,527 | 5,07,773 | 5,07,468 |
| P/E ratio | 1,942 x | 1,775 x | 1,472 x | 249 x | 118 x |
| Yield | - | - | - | - | 0.04% |
| Capitalization / Revenue | 21.2 x | 6.89 x | 7.24 x | 6.16 x | 4.89 x |
| EV / Revenue | 21.2 x | 6.97 x | 7.24 x | 6.24 x | 4.95 x |
| EV / EBITDA | 491 x | 140 x | 134 x | 90.9 x | 57.7 x |
| EV / FCF | -179 x | -103 x | 2,271 x | 312 x | 139 x |
| FCF Yield | -0.56% | -0.97% | 0.04% | 0.32% | 0.72% |
| Price to Book | 59.8 x | 25.7 x | 35 x | 33.8 x | 26.6 x |
| Nbr of stocks (in thousands) | 28,44,629 | 28,52,447 | 28,56,832 | - | - |
| Reference price 2 | 281.6 | 124.2 | 175.6 | 175.6 | 175.6 |
| Announcement Date | 27/05/22 | 24/05/23 | 22/05/24 | - | - |
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 | 63,856 | 81,412 | 1,02,498 |
| EBITDA 1 | - | 1,633 | 2,560 | 3,462 | 5,583 | 8,793 |
| EBIT 1 | - | 668.4 | 827.9 | 1,219 | 3,309 | 6,005 |
| Operating Margin | - | 1.77% | 1.61% | 1.91% | 4.06% | 5.86% |
| Earnings before Tax (EBT) 1 | - | 473.1 | 384 | 690.3 | 2,658 | 5,180 |
| Net income 1 | 618.5 | 410.8 | 192.6 | 322.6 | 1,896 | 3,780 |
| Net margin | - | 1.09% | 0.37% | 0.51% | 2.33% | 3.69% |
| EPS 2 | 6.678 | 0.1450 | 0.0700 | 0.1100 | 0.7060 | 1.482 |
| Free Cash Flow 1 | - | -4,479 | -3,484 | 223.8 | 1,628 | 3,659 |
| FCF margin | - | -11.87% | -6.77% | 0.35% | 2% | 3.57% |
| FCF Conversion (EBITDA) | - | - | - | 6.41% | 29.15% | 41.62% |
| FCF Conversion (Net income) | - | - | - | 44.56% | 85.85% | 96.8% |
| Dividend per Share 2 | - | - | - | - | - | 0.0667 |
| Announcement Date | 03/08/21 | 27/05/22 | 24/05/23 | 22/05/24 | - | - |
1INR in Million2INR
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: März | 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 | 01/12/21 | 09/02/22 | 27/05/22 | 05/08/22 | 01/11/22 | 13/02/23 | 24/05/23 | 11/08/23 | - | - | - | - |
1INR in Million2INR
Estimates
Balance Sheet Analysis
| Fiscal Period: März | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|
| Net Debt 1 | - | 660 | 4,190 | 6,854 | 6,256 | 5,951 |
| Net Cash position 1 | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | - | 0.4042 x | 1.636 x | 1.964 x | 1.121 x | 0.6768 x |
| Free Cash Flow 1 | - | -4,479 | -3,484 | 224 | 1,628 | 3,659 |
| ROE (net income / shareholders' equity) | - | 4.49% | 1.42% | 3.47% | 13.3% | 23.2% |
| ROA (Net income/ Total Assets) | - | - | 0.69% | 1.4% | 6.5% | 11.2% |
| Assets 1 | - | - | 27,981 | 35,877 | 29,166 | 33,753 |
| Book Value Per Share 2 | - | 4.710 | 4.830 | 5.010 | 5.200 | 6.610 |
| Cash Flow per Share 2 | - | -1.250 | -0.5100 | 0.1700 | 0.5800 | 1.450 |
| Capex 1 | - | 940 | 2,082 | 1,431 | 1,669 | 1,813 |
| Capex / Sales | - | 2.49% | 4.05% | 2.26% | 2.05% | 1.77% |
| Announcement Date | 03/08/21 | 27/05/22 | 24/05/23 | 22/05/24 | - | - |
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+
Sell
Buy
Mean consensus
OUTPERFORM
Number of Analysts
22
Last Close Price
175.6
INR
Average target price
190.5
INR
Spread / Average Target
+8.52%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +0.13% | 6.01B | |
| -4.57% | 42.1B | |
| +31.07% | 37.94B | |
| +14.12% | 9.86B | |
| +26.58% | 7.38B | |
| -26.60% | 6.96B | |
| -19.29% | 6.07B | |
| +22.09% | 5.81B | |
| -3.73% | 3.48B | |
| -16.50% | 3.3B |
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