FSN E-Commerce Ventures (BOM:543384) Net Margin %: 2.96% (As of Mar. 2026) — 342% Above Median


BOM:543384 FSN E-Commerce Ventures Ltd BOM:543384
88 GF Score
Price ₹330.00
GF Value ₹295.97
Valuation Modestly Overvalued
! 4 Warning Signs
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What is FSN E-Commerce Ventures Net Margin %?

FSN E-Commerce Ventures BOM:543384 +1.87% 88 Net Margin % is 2.96% as of Mar. 2026, which is 342% above its 10-year median of 0.67. GuruFocus rates BOM:543384 with a GF Score™ of 88/100 and a GF Value™ of ₹295.97 (Modestly Overvalued). The stock has 4 warning signs investors should review. Among 1,123 Retail - Cyclical companies, FSN E-Commerce Ventures ranks worse than 52% on this metric.

Net margin is calculated as Net Income divided by its Revenue. FSN E-Commerce Ventures's Net Income for the three months ended in Mar. 2026 was ₹784 Mil. FSN E-Commerce Ventures's Revenue for the three months ended in Mar. 2026 was ₹26,482 Mil. Therefore, FSN E-Commerce Ventures's net margin for the quarter that ended in Mar. 2026 was 2.96%.

The historical rank and industry rank for FSN E-Commerce Ventures's Net Margin % or its related term are showing as below:

BOM:543384' s Net Margin % Range Over the Past 10 Years
Min: -2.21   Med: 0.67   Max: 2.53
Current: 1.99


BOM:543384's Net Margin % is ranked worse than
52% of 1123 companies
in the Retail - Cyclical industry
Industry Median: 2.31 vs BOM:543384: 1.99

FSN E-Commerce Ventures  (BOM:543384) Net Margin % Explanation

Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.

But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.


FSN E-Commerce Ventures Net Margin % Related Terms


FSN E-Commerce Ventures Net Margin % Historical Data

* Premium members only.

The historical data trend for FSN E-Commerce Ventures's Net Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

FSN E-Commerce Ventures Net Margin % Chart

FSN E-Commerce Ventures Annual Data
Trend Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Net Margin %
Get a 7-Day Free Trial 1.09 0.38 0.51 0.83 1.99

FSN E-Commerce Ventures Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Net Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.98 1.08 1.47 2.20 2.96

BOM:543384 vs AMZN, BABA, PDD: Net Margin % Comparison

For the Internet Retail subindustry, FSN E-Commerce Ventures's Net Margin %, along with its competitors' market caps and Net Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


FSN E-Commerce Ventures Net Margin % vs Retail - Cyclical Industry

For the Retail - Cyclical industry and Consumer Cyclical sector, FSN E-Commerce Ventures's Net Margin % distribution charts can be found below:

* The bar in red indicates where FSN E-Commerce Ventures's Net Margin % falls into.


BOM:543384
88GF Score
FSN E-Commerce Ventures Ltd BOM:543384
Net Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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FSN E-Commerce Ventures Net Margin % Calculation

Net margin - also known as net profit margin is the ratio of Net Income divided by net sales or Revenue, usually presented in percent.

FSN E-Commerce Ventures's Net Margin for the fiscal year that ended in Mar. 2026 is calculated as

Net Margin=Net Income (A: Mar. 2026 )/Revenue (A: Mar. 2026 )
=1994.4/100223.5
=1.99 %

FSN E-Commerce Ventures's Net Margin for the quarter that ended in Mar. 2026 is calculated as

Net Margin=Net Income (Q: Mar. 2026 )/Revenue (Q: Mar. 2026 )
=783.8/26481.7
=2.96 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Net Margin % →
What does a Net Margin % of 2.96% mean?
FSN E-Commerce Ventures (BOM:543384) has a Net Margin % of 2.96% as of Mar. 2026. Net margin is the ratio of total net income to net sales. View historical data on FSN E-Commerce Ventures and its competitors. This is 342% above median its historical median of 0.67. According to the industry distribution chart, FSN E-Commerce Ventures ranks #584 out of 1123 companies in the Retail - Cyclical industry, placing it in the top 52%.
Is FSN E-Commerce Ventures' Net Margin % too high?
FSN E-Commerce Ventures' current Net Margin % of 2.96% is 342% above median its 10-year median of 0.67. The Retail - Cyclical industry median Net Margin % is 2.31. FSN E-Commerce Ventures' value of 2.96% is 28.1% above this industry median. Based on the distribution chart, FSN E-Commerce Ventures ranks #584 out of 1123 companies in the Retail - Cyclical industry, which is below the industry midpoint. Overall, FSN E-Commerce Ventures has a GF Score™ of 88/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does FSN E-Commerce Ventures' Net Margin % compare to AMZN and BABA?
According to the Retail - Cyclical industry distribution chart, FSN E-Commerce Ventures ranks #584 out of 1123 companies for Net Margin %. This places FSN E-Commerce Ventures in the lower half of its industry. The industry median Net Margin % is 2.31. FSN E-Commerce Ventures' value of 2.96% is 28.1% above this benchmark. While the company's 10-year median is 0.67 vs. the industry median of 2.31, FSN E-Commerce Ventures has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net Margin % for a Retail - Cyclical company?
The median Net Margin % among Retail - Cyclical companies is 2.31, based on 1,123 companies in the industry. Companies in the top quartile (top 25%) have a Net Margin % significantly above this median, while those in the bottom quartile fall well below. However, Net Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. FSN E-Commerce Ventures's current Net Margin % of 2.96% is 28.1% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Net Margin % mean?
A high Net Margin % can signal that a stock is expensive relative to its fundamentals. Net margin is the ratio of total net income to net sales. View historical data on FSN E-Commerce Ventures and its competitors. For the Retail - Cyclical industry, the median Net Margin % is 2.31 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. FSN E-Commerce Ventures's current Net Margin % is 2.96%, which is 342% above median its own 10-year median of 0.67. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is FSN E-Commerce Ventures stock overvalued right now?
Based on GuruFocus' analysis, FSN E-Commerce Ventures (BOM:543384) is currently considered Modestly Overvalued. The stock's GF Value™ is ₹295.97, compared to a current price of ₹330.00 — trading 11.5% above its estimated fair value. The current Net Margin % is 2.96%, which is 342% above median its 10-year median of 0.67 and 28.1% above the Retail - Cyclical industry median of 2.31. FSN E-Commerce Ventures' overall GF Score™ is 88/100 with 4 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net Margin % calculated?
Net Margin % is calculated from a company's financial statements. For FSN E-Commerce Ventures (BOM:543384), the current Net Margin % is 2.96% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is FSN E-Commerce Ventures (BOM:543384) Overvalued in 2026?

Based on GuruFocus' analysis, FSN E-Commerce Ventures stock appears to be overvalued. The current stock price of ₹330.00 is trading 11.5% above its estimated GF Value™ of ₹295.97. GuruFocus considers FSN E-Commerce Ventures to be Modestly Overvalued.

Key valuation signals for BOM:543384:

  • Net Margin %: 2.96% (342% above median its 10-year median of 0.67)
  • GF Value™: ₹295.97 vs. price of ₹330.00 (11.5% above fair value)
  • GF Score™: 88/100 with 4 warning signs
  • Industry Position: 28.1% above the Retail - Cyclical median (#584 of 1123)

No single metric tells the full story. See the BOM:543384 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


FSN E-Commerce Ventures Business Description

Other Exchanges NYKAA:India
Address Appasaheb Marathe Marg, A2, 4th Floor, Cnergy IT Park, Opposite Tata Motors, Prabhadevi, Mumbai, MH, IND, 400025
FSN E-Commerce Ventures Ltd is engaged in the business of manufacturing, selling and distributing beauty, wellness, fitness, personal care, health care, skin care, hair care products, fashion garments, fashion accessories and equipments on the online portals or websites such as e-commerce, m-commerce, internet, intranet as well as through physical stores, stalls, general trade and modern trade etc. In addition, it also provides marketing support services. The group operates in the following segments: Beauty, Fashion, and Others. The majority of its revenue is generated from the Beauty segment, which comprises online beauty platform, beauty-owned brands, physical retail stores, eB2B distribution business, and Nykaa Man BPC business. Geographically, the group derives key revenue from India.
88GF Score

Get the complete analysis for BOM:543384

Net Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹330.00
Price
₹295.97
GF Value