Meesho vs Nykaa: share price, P/E, ROE and financials compared
Meesho
FSN E-Commerce Ventures
Meesho and Nykaa at a glance
Meesho and Nykaa are both listed in Consumer Services. Meesho is the larger by market cap, at ₹1.1L Cr against ₹1.0L Cr for Nykaa. On valuation, Meesho has the lower price-to-book (26.26× against 61.43×). On returns and margins, Nykaa has the higher operating margin (8.0% against −8.4%). Over three years, Meesho has faster 3-year sales growth (+30.1% against +24.7% a year). Meesho carries less debt for its equity, with a debt-to-equity of 0.01× against 0.89×.
Key metrics, side by side
| Metric | MeeshoMEESHO | NykaaNYKAA |
|---|---|---|
| Price (₹) | 233.48 | 353.00 |
| Market cap (₹ Cr) | 1,08,125 | 1,01,158 |
| P/E | – | 315.2× |
| P/B | 26.26× (the lower figure, shaded) | 61.43× |
| Dividend yield, trailing | 0.00% | 0.00% |
| ROE | −36.5% | 20.8% |
| ROCE | −27.0% | 24.0% |
| Operating margin (OPM) | −8.4% | 8.0% (the higher figure, shaded) |
| Net margin (NPM) | −6.2% | 2.9% |
| Sales CAGR 3Y | +30.1% (the higher figure, shaded) | +24.7% |
| Profit CAGR 3Y | – | +117.9% |
| Debt to equity | 0.01× (the lower figure, shaded) | 0.89× |
| Interest cover | −133.9× | 3.9× (the higher figure, shaded) |
| Net profit TTM (₹ Cr) | −922 | 256 |
| 1Y return | +37.3% | +39.7% (the higher figure, shaded) |
| Promoter holding | 16.34% | 52.07% |
Meesho vs Nykaa: common questions
Which is bigger, Meesho or Nykaa?
By market cap, Meesho is bigger at ₹1.1L Cr, against ₹1.0L Cr for Nykaa (prices as of 6 Nov 2026). Net profit over the last twelve months was −₹922 Cr for Meesho and ₹256 Cr for Nykaa.
Which has a higher ROE, Meesho or Nykaa?
Meesho reports a return on equity of −36.5% and Nykaa 20.8%. Meesho’s ROE isn’t ranked because it is loss-making. ROE is net profit as a share of shareholders’ equity.
Which is growing faster, Meesho or Nykaa?
Over the last three years: Sales grew +30.1% a year at Meesho and +24.7% at Nykaa, so Meesho grew sales faster. Past growth doesn’t predict future growth.