FSN E-Commerce Ventures Ltd

FSN E-Commerce Ventures Ltd maintains a capital structure characterized by significant leverage, with long-term debt of INR 12.38 billion against total equity of INR 14.38 billion, resulting in a debt-to-equity ratio of 0.86. The balance sheet shows total assets of INR 46.11 billion and total liabilities of INR 31.73 billion. Liquidity is assessed as medium, supported by a current ratio of 1.16 and cash and equivalents of INR 3.20 billion. However, the company holds negative net cash after subtracting total debt from cash reserves, indicating reliance on debt financing for operations and growth. Operating cash flow stands at INR 6.44 billion, providing a buffer against debt obligations, while free cash flow is INR 3.70 billion after capital expenditures of INR 1.54 billion.

Profitability metrics indicate a return on equity (ROE) of 13.87% and a return on assets (ROA) of 4.32%. The company generated a gross profit of INR 45.16 billion on revenue of INR 100.22 billion, implying a gross margin of approximately 45%. Operating income was INR 4.15 billion, leading to a net income of INR 1.99 billion. While specific cohort medians are not provided for direct comparison, the ROE suggests efficient use of equity capital, though the high leverage amplifies financial risk. The operating margin of roughly 4.1% reflects the thin margins typical of the broadline retail sector, where volume and operational efficiency are critical drivers of profitability.