New age - Platform - E-Retail Stocks in India

4-Factor Sector Score

An additive sector-relative research score. The four displayed point contributions always equal the total: Growth & earnings (35), Capital efficiency (25), Valuation (20), and Relative strength (20). Missing or stale evidence is absorbed inside the affected factor, never applied as a hidden adjustment.

Missing observations are not scored as bad. Their missing weight lowers confidence and pulls the final score toward neutral. PEG is guarded: positive earnings, positive 5–60% three-year EPS growth, and a positive P/E are required.

Revenue Scale & Growth Durability

Meesho Ltd has the highest Revenue among the 6 New age - Platform - E-Retail companies compared here, at ₹13,836 crore. FSN E-Commerce Ventures Ltd is next at ₹10,022 crore. The same company also holds the highest Revenue growth, at 42.1%. 6 of 6 companies report a comparable reading, the latest through Jun 2026.

What the numbers say: Meesho Ltd is the scale leader at ₹13,836 crore, 38.1% ahead of FSN E-Commerce Ventures Ltd. Meesho Ltd's growth is 42.1% from a ₹13,836 crore base, with 9 reported observations in the 20-quarter window. Treat the growth leader as an acceleration candidate, not as equally proven scale.

Investor read: Meesho Ltd is the scale benchmark; Meesho Ltd is the acceleration watch. Promote the challenger only if growth persists and converts into margin and returns.

This conclusion weakens if: Meesho Ltd's growth falls below Meesho Ltd's for two consecutive comparable reports while operating margin also compresses.

Operating Economics & Margin Trend

Lenskart Solutions Ltd has the highest OPM among the 6 New age - Platform - E-Retail companies compared here, at 21%. Honasa Consumer Ltd is next at 12%. Honasa Consumer Ltd has the highest Margin change at +7 percentage points, so level and change sit with different companies. Its OPM series carries 8 reported observations across the 20-quarter window.

What the numbers say: Lenskart Solutions Ltd leads opm at 21%; Honasa Consumer Ltd leads margin change at +7 percentage points.

Investor read: Lenskart Solutions Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current margin change signal.

Profit Scale & Acceleration

Lenskart Solutions Ltd has the highest Net profit among the 6 New age - Platform - E-Retail companies compared here, at ₹501 crore. FSN E-Commerce Ventures Ltd is next at ₹204 crore. Honasa Consumer Ltd has the highest Profit growth at the 100% top of the scoring scale, so level and change sit with different companies.

What the numbers say: Lenskart Solutions Ltd leads with ₹501 crore of TTM profit, 145.6% above FSN E-Commerce Ventures Ltd. Honasa Consumer Ltd shows ≥100% on the scoring scale (176.4% uncapped) growth from a ₹199 crore profit base. Compare the size of the base and persistence before ranking acceleration above profit scale.

Investor read: Lenskart Solutions Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current profit growth signal.

Capacity Spending & Returns On It

Lenskart Solutions Ltd has the highest CAPEX among the 6 New age - Platform - E-Retail companies compared here, at ₹149 crore. Meesho Ltd is next at ₹9 crore. The same company also holds the highest CAPEX intensity, at 7.1%. 3 of 6 companies report a comparable reading, the latest through Mar 2026.

What the numbers say: Lenskart Solutions Ltd reports ₹149 crore of CAPEX; Lenskart Solutions Ltd has the highest covered intensity at 7.1%. Coverage is only 3 of 6 companies and 12 reported observations, so this is partial evidence—not a complete sector rank.

Investor read: Use the CAPEX rank as a diligence queue. Verify commissioning, utilization, cash conversion and post-investment ROCE before treating spend as value creation.

This conclusion weakens if: CAPEX rises without higher utilization, operating cash flow or incremental returns.

Debt Load & Balance-Sheet Headroom

Meesho Ltd has the lowest Gross debt among the 6 New age - Platform - E-Retail companies compared here, at ₹63 crore. Honasa Consumer Ltd is next at ₹135 crore. The same company also holds the lowest Net debt, at ₹2,782 crore net cash. 6 of 6 companies report a comparable reading, the latest through Jun 2026.

What the numbers say: Meesho Ltd has the clearest covered balance-sheet capacity with ₹2,782 crore net cash and gross debt of ₹63 crore. Absolute debt alone does not identify the strongest balance sheet because company scale differs; net debt and debt-to-equity carry more information.

Investor read: Prioritize net-cash capacity and leverage relative to operating scale, not the smallest absolute rupee debt.

This conclusion weakens if: Net debt rises faster than revenue and profit for two consecutive reported periods.

Return On Capital Employed

GNG Electronics Ltd has the highest ROCE among the 6 New age - Platform - E-Retail companies compared here, at 20.3%. Honasa Consumer Ltd is next at 19.2%. Honasa Consumer Ltd has the highest ROCE change at +10.8 percentage points, so level and change sit with different companies. Its ROCE series carries 6 reported observations across the 20-quarter window.

What the numbers say: GNG Electronics Ltd leads ROCE at 20.3%, 1.1 percentage points above Honasa Consumer Ltd. Honasa Consumer Ltd has the strongest latest improvement at +10.8 percentage points. Read the leader beside the density of its reported history: a sparse high return is a candidate; a repeated high return is evidence of durability.

Investor read: GNG Electronics Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current roce change signal.

Valuation Against Growth & Quality

Honasa Consumer Ltd has the lowest Guarded PEG among the 6 New age - Platform - E-Retail companies compared here, at 1.51×. Lenskart Solutions Ltd is next at 4.47×. GNG Electronics Ltd has the lowest P/E at 49.4×, so level and change sit with different companies. 2 of 6 companies report a comparable reading, the latest through Mar 2026.

What the numbers say: Honasa Consumer Ltd has the lowest comparable Guarded PEG at 1.51×, 66.2% below Lenskart Solutions Ltd. Only 2 of 6 companies pass the guard, so no broad “cheapest stock” conclusion is defensible unless the current multiple, own-history position and growth durability agree.

Investor read: Treat valuation as permission to investigate, never as a standalone reason to buy.

This conclusion weakens if: The next two comparable reports reverse the current p/e signal.

Enterprise Value & Book Value

GNG Electronics Ltd has the lowest EV/EBITDA among the 6 New age - Platform - E-Retail companies compared here, at 24.4×. Brainbees Solutions Ltd is next at 30.8×. Brainbees Solutions Ltd has the lowest P/BV at 2.25×, so level and change sit with different companies. 5 of 6 companies report a comparable reading, the latest through Mar 2026.

What the numbers say: GNG Electronics Ltd leads ev/ebitda at 24.4×; Brainbees Solutions Ltd leads p/bv at 2.25×.

Investor read: Treat valuation as permission to investigate, never as a standalone reason to buy.

This conclusion weakens if: The next two comparable reports reverse the current p/bv signal.

Market action

GNG Electronics Ltd has the strongest one-year price move in New age - Platform - E-Retail at +73.8%. Honasa Consumer Ltd leads on Mansfield relative strength against NIFTY at +45.3%. 2 of 3 covered companies are above zero on that measure. Every line covers 313 weekly closes through 2026-07-17.

What can make this comparison misleading?

This New age - Platform - E-Retail comparison names 6 specific ways its own evidence can mislead, all listed below. All 6 companies here report on comparable dates, so no rank carries a stale marker. 2 have second-feed figures withheld because the two sources disagree. 1 of the 8 ranked sections has fewer than three usable current readings.

Which companies are included?

All 6 companies in the canonical New age - Platform - E-Retail membership are listed below, largest market value first — nothing is silently dropped, even where a company reports too little to rank. The charts above default to a selective view; this register is the complete set, with each company's own latest reporting date beside it.

AHEAD means the company is beating the index by 5% or more over three months. LAGGING, FUNDAMENTALS UP means it is 20% or more behind over a year while its trailing twelve-month earnings grew 20% or more. Both rules are fixed and applied the same way in every sector.

How was this comparison built?

This comparison is built from the reported filings of 6 New age - Platform - E-Retail companies, normalized to a common ₹ scale and a shared quarter axis of up to 20 quarters each. Fundamentals run through Jun 2026 and market data through 2026-07-24.

A second feed is read only after its reported income is matched against the primary source on at least three overlapping periods. Where the two agree the figures fill silently. Where there is too little shared history to compare, the figures are still drawn — they are the only evidence there is — and marked ⚠ unverified everywhere they appear. Where the two are known to disagree, nothing from the second feed is drawn and the affected company is named under the chart it is missing from. Every company's standing is listed in the register above.

New age - Platform - E-Retail company comparison FAQs

These 18 answers restate the New age - Platform - E-Retail comparison above in question form. Every one is computed from the same 6 companies and the same reported filings as the rankings and charts, current through Jun 2026. Price and relative-strength answers run through 2026-07-24. Nothing here is estimated, and none of it is a recommendation.