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NYKAA - Fundamental Analysis: Financial Health & Valuation

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Rating: 2.7

Last Updated Time : 19 Mar 26, 07:10 pm

Fundamental Rating: 2.7

Stock Code NYKAA Market Cap 69,572 Cr. Current Price 243 ₹ High / Low 286 ₹
Stock P/E 1,103 Book Value 5.98 ₹ Dividend Yield 0.00 % ROCE 6.25 %
ROE 6.10 % Face Value 1.00 ₹ DMA 50 256 ₹ DMA 200 240 ₹
Chg in FII Hold -0.39 % Chg in DII Hold 0.37 % PAT Qtr 23.3 Cr. PAT Prev Qtr 12.2 Cr.
RSI 40.7 MACD -5.39 Volume 50,30,814 Avg Vol 1Wk 53,29,371
Low price 160 ₹ High price 286 ₹ PEG Ratio -546 Debt to equity 0.08
52w Index 66.2 % Qtr Profit Var -4.91 % EPS 0.21 ₹ Industry PE 39.7

📊 Core Financials

  • Revenue growth: PAT improved to 23.3 Cr. from 12.2 Cr., but overall profitability remains low
  • Profit margins: EPS at 0.21 ₹, ROE 6.10%, ROCE 6.25% — weak efficiency
  • Debt ratios: Debt-to-equity at 0.08, manageable
  • Cash flows: Positive but limited due to thin margins
  • Return metrics: ROE and ROCE below industry averages

💹 Valuation Indicators

  • P/E Ratio: 1,103, extremely overvalued compared to industry PE of 39.7
  • P/B Ratio: ~40.6 (243 ₹ / 5.98 ₹), very high
  • PEG Ratio: -546, distorted due to weak earnings
  • Intrinsic Value: Current price far above fair value given fundamentals

🏢 Business Model & Competitive Advantage

  • Operates in e-commerce and beauty retail sector
  • Competitive advantage through strong brand recognition and digital-first strategy
  • Industry demand supported by rising online shopping and beauty consumption trends

📈 Entry Zone & Long-Term Guidance

  • Entry Zone: Attractive only near 200–210 ₹ range if profitability improves
  • Long-Term Holding: Not recommended until earnings stabilize and valuation aligns with industry norms

✅ Positive

  • PAT improved to 23.3 Cr. from 12.2 Cr.
  • DII holding increased (+0.37%)
  • Strong brand presence in e-commerce and beauty retail

⚠️ Limitation

  • Extremely high P/E ratio (1,103) compared to industry average
  • Low EPS (0.21 ₹) and weak profitability
  • PEG ratio (-546) indicates distorted valuation

📰 Company Negative News

  • FII holding decreased (-0.39%)
  • Quarterly profit variation (-4.91%) shows volatility
  • Stock trading below DMA 50 (256 ₹), showing weak momentum

🌟 Company Positive News

  • PAT improved quarter-on-quarter
  • DII holding increased (+0.37%)
  • RSI at 40.7 indicates mildly oversold conditions, potential for rebound

🏭 Industry

  • Industry PE at 39.7, NYKAA trades at a steep premium
  • Sector benefits from rising e-commerce penetration and beauty product demand

🔎 Conclusion

  • NYKAA shows weak fundamentals with low profitability and extreme overvaluation
  • Valuation is stretched compared to industry peers, limiting near-term upside
  • Not suitable for long-term holding unless earnings improve significantly; entry only near 200–210 ₹ with cautious optimism

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