profit from every ₹100 of sales.

FSN E-Commerce Ventures
Trading close to its highest price of the past year.
The essentials
Four questions every investor asks, answered in one line each.
more sales each year, on average, 2023 to 2026.
You pay ₹5.44 for every ₹1 of profit it makes in a year.
of earnings would pay off all its debt.
Money in, money out
What FSN E-Commerce Ventures sold, what it kept, and what it did with the cash.
Sales went from $51.2 billion in 2023 to $100 billion in 2026, with $1.99 billion of profit last year.
FSN E-Commerce Ventures vs. similar companies
FSN E-Commerce Ventures grows in the middle of these 5 and is the cheapest for its profits.
| Company | Profit from ₹100 of sales | Sales growth a year | Price per ₹1 of profit |
|---|---|---|---|
FSN E-Commerce Ventures | 5.4× · Cheap | ||
Amazon | 37.1× · Expensive | ||
Alibaba | 16.3× · Fair price | ||
PDD Holdings | 7.7× · Cheap | ||
Prosus | 6.8× · Cheap |
AI analysis
An AI analyst reads FSN E-Commerce Ventures's last five years, its segments, earnings, insiders and peers, and writes the bull case, the bear case and what the price expects.
Run the AI analysisFull statementsIncome, balance sheet and cash flow, year by year
Income statement
| In millions of USD | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|
| 51,175 | 63,400 | 79,498 | 100,224 | |
| 21,558 | 26,190 | 34,772 | 45,158 | |
| 838 | 1,226 | 2,075 | 4,320 | |
| 2,837 | 3,741 | 5,012 | 7,677 | |
| 193 | 323 | 661 | 1,994 | |
| 0.07 | 0.11 | 0.23 | – | |
| 42.1% | 41.3% | 43.7% | 45.1% | |
| 1.6% | 1.9% | 2.6% | 4.3% | |
| 0.4% | 0.5% | 0.8% | 2.0% |
Balance sheet
| In millions of USD | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|
| Total assets | 29,500 | 34,006 | 39,795 | 46,114 |
| Cash | 414 | 758 | 1,249 | 1,772 |
| Total debt | 7,985 | 9,695 | 13,206 | 12,378 |
| Total liabilities | 15,578 | 21,196 | 26,369 | 31,093 |
| 13,780 | 12,622 | 13,013 | 14,380 | |
| 2,861 | 2,860 | 2,873 | – | |
| 4.0% | 5.3% | 7.1% | 13.2% | |
| 1.4% | 2.6% | 5.1% | 13.9% |
Cash flow
| In millions of USD | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|
| -1,402 | 3 | 4,666 | 6,443 | |
| 2,082 | 1,107 | 1,272 | 1,539 | |
| -3,484 | -1,105 | 3,394 | 4,904 | |
| Dividends paid | – | – | – | – |
| – | – | – | – | |
| 94 | 164 | 169 | 167 |
Valuation
- 5.4×
- –
- –
- 51.9×
- 0.1×
- 2.2×
- 2.8×
- 45.2%
- 18.4%
- –
Profitability
- 45.1%
- 4.3%
- 2.0%
- –
- 12.5%
- 7.0%
- –
- –
- –
- –
Growth
- +25.1%
- –
- –
- –
- +0.5%
Financial health
- 1.4×
- 0.86
- –
- 3.8×
- 1.16
- –
- –
How it ranks in Consumer Discretionary
Each dot is where the company stands among every company over $300M in the sector. Further right is better.
News
Alibaba shares tumble as China presses e-commerce platforms on quality standardsSeeking Alpha · Oct 22, 2026Meta's Muse AI: Good or Bad for E-Commerce? Shopify and Amazon Are Taking Opposite Approaches.Yahoo Finance · Oct 3, 2026FTC sues Amazon, accusing the e-commerce giant of misleading advertisersCNBC · Aug 31, 20265 things to know about the Chinese e-commerce juggernaut Shein ahead of its IPOMarketWatch · Aug 24, 2026Alibaba Cloud Revenue Jumps 45%. Is the Profit Plunge and China E-Commerce Slide Cause for Concern?Yahoo Finance · Aug 21, 2026Insider trades
Our insider feed has not updated since May 26, 2026. Trades filed after that are not listed yet.
No insider trades on file.
The seven classic investing rulebooks
4/7Passes 4 of 7. Each bar is how well the company fits that investor's published rules, from 0 to 100; 60 or more counts as a pass.
Questions about FSN E-Commerce Ventures
Is FSN E-Commerce Ventures a good stock to buy?
A business with weak numbers, and the price looks low. 4 of the 7 famous investors' published rulebooks we apply pass it. Whether it suits you depends on your goals and the price you pay; invest-like never tells anyone to buy or sell. The AI analysis lays out the case for and against. Read the FSN E-Commerce Ventures AI analysis
What does FSN E-Commerce Ventures do?
FSN E-Commerce Ventures Limited, through its subsidiaries, engages in selling and distribution of beauty, personal care, and fashion products for women, men, children, and home in India and internationally. It is in Internet Retail, based in Mumbai, India.
Is FSN E-Commerce Ventures stock halal?
Yes. FSN E-Commerce Ventures passes our halal screen: its business is permitted and its debt is 1% of its market value, under the 30% limit. How we check
How has FSN E-Commerce Ventures stock done over the past year?
Up 42.6% over the past twelve months, to ₹355.00. It traded between ₹234.55 and ₹360.00, close to its high.
Who are FSN E-Commerce Ventures's competitors?
The largest listed companies in the same industry are Amazon, Alibaba, PDD Holdings and Prosus. The peers table on this page compares their profit, growth and price with FSN E-Commerce Ventures's.
Prices: daily closes to Nov 11, 2026. Fundamentals: company reports via invest-like data.



