Brainbees Solutions Ltd · FIRSTCRY
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₹1.4K Cr
₹1.5K Cr
₹1.9K Cr
₹1.7K Cr
₹1.7K Cr
₹1.9K Cr
₹2.2K Cr
₹1.9K Cr
₹1.9K Cr
₹2.1K Cr
₹2.4K Cr
₹2.2K Cr
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20-quarter listed-company comparison
New age - Platform - E-Retail Stocks in India
New age - Platform - E-Retail: Meesho Ltd owns the largest revenue base AND the fastest current growth.
01 · the index people search for
Nifty New age - Platform - E-Retail Index — Constituents & Performance
The New age - Platform - E-Retail companies below are the listed Indian New age - Platform - E-Retail universe this page tracks — the same constituent set people search for as the Nifty New age - Platform - E-Retail index. Every figure is equal-weighted across those companies, so one large constituent cannot set the reading.
02 · the sector itself · before any single company
How has New age - Platform - E-Retail moved against NIFTY 500?
The line below covers up to 4.8 years and opens on the 3Y view; the buttons cut it shorter. Over the most recent two of them this sector is 3% behind NIFTY 500. Earnings across its companies grew 79% on average over the last four reported quarters. It has been ahead of NIFTY 500 on a rolling three-month view for 26 weeks running.
LEADER · ahead 26w✓Moving with the index4 of 6 companies ahead of NIFTY 500 by 5% or more over three months
RS ↑26w · 5/6 >200d (+0) · 4/6 lead (−1) · EPS 2/3↑
New age - Platform - E-Retail, equal-weighted, based at 200
NIFTY 500, same base, same start
trailing 12-month earnings per share rising
falling
New age - Platform - E-Retail, equal-weighted, based at 200
NIFTY 500, same base, same start
trailing 12-month earnings per share rising
falling
Both lines start at 200 in the same week, so the distance between them is the whole story: the sector line is an equal-weighted index of its 6 companies. The bars underneath are trailing 12-month earnings per share, one bar per reported quarter, each member rebased to 100 at the start and the sector taking the median — so a price line pulling away from flat bars is a re-rating, not earnings. A bar turns red when that figure is lower than the quarter before. Rules are fixed and applied identically everywhere on this site: ahead by 5% or more over three months, or behind by 20% or more over a year while earnings grew 20% or more. Hover any point to read both values and the gap. This is a description of what the numbers did, not advice.
03 · sector relative strength, before individual stocks
Is New age - Platform - E-Retail outperforming NIFTY 500?
New age - Platform - E-Retail has outperformed NIFTY 500 by 29.6% over the last 52 weeks. Over 13 weeks the gap is a lead of 10.6%. 3 of 4 covered companies currently beat NIFTY on Mansfield relative strength, so leadership inside the sector is broad. GNG Electronics Ltd is the strongest against the sector itself at +17.8%.
+10.6%Sector vs NIFTY 500 · 13 weeks
+29.6%Sector vs NIFTY 500 · 52 weeks
3/4Stocks leading NIFTY 500
3/4Stocks leading sector
Sector metric: 25.5 as of 2026-07-19 · CONSOLIDATION · falling.
The central tension: current leadership is concentrated, so durability matters more than rank.
Start with scale. Then earnings trajectory. Then business quality. Only after those three agree should price leadership carry much weight.
Bottom line
New age - Platform - E-Retail has outperformed NIFTY 500 by 29.6% over 52 weeks and 10.6% over 13 weeks. 3 of 4 covered companies beat NIFTY on Mansfield relative strength, while 3 of 4 beat the sector itself. Meesho Ltd leads with revenue of ₹13,836 crore, based on 6 of 6 comparable companies through Jun 2026.
Companies
6
complete canonical membership
Combined market value
₹3.1 L Cr
Lenskart Solutions Ltd
Revenue growing
6/6
positive TTM year-on-year growth
Beating NIFTY 500
3/4
positive Mansfield relative strength
Comparing 5 of 6
04 · research priority, made explicit
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.
Growth & earnings · 35%Capital efficiency · 25%Valuation · 20%Relative strength · 20%
Honasa Consumer Ltd has the strongest current balance of earnings trajectory, business quality, valuation and price confirmation, with 92.6% evidence confidence.
How this score is built, and what the marks mean
Missing observations are not scored as bad. Their missing weight lowers confidence and pulls the final score toward neutral. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step curve the sector itself is placed on — basing, turning, breaking out, leader, fading, asleep — read from how many weeks running it has led NIFTY 500 and whether that lead is widening or shrinking. It describes where the PRICE stands, not the earnings trajectory and not a recommendation, and it is left blank for a company whose weekly history is too short or too stale to read.
| Company | Score | Price stage | Growth & earnings/35 | Capital efficiency/25 | Valuation/20 | Relative strength/20 |
|---|---|---|---|---|---|---|
| 1Honasa Consumer LtdHONASA | 76.5/100Favorable setup93% evidence | LEADER | 27.8/35 Revenue 15.7% · PAT 100% · OPM change 7 pp 88% evidence | 16.0/25 ROCE 19.2% · OPM 12% 100% evidence | 12.7/20 P/E 72× · PEG 1.51 85% evidence | 20.0/20 RS sector 17.4% · RS bench 36.3% · 1Y 70.5%12 of 12 weeks ahead 100% evidence |
| Exact sum: 27.8 + 16 + 12.7 + 20 = 76.5 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 2FSN E-Commerce Ventures LtdNYKAA | 68.8/100Favorable setup68% evidence | BREAKING OUT | 23.9/35 Revenue 26.1% · PAT 100% · OPM change 2 pp 83% evidence | 14.9/25 ROCE 17.2% · OPM 8% 76% evidence | 10.0/20 P/E 456× · PEG — 0% evidence | 20.0/20 RS sector 7.2% · RS bench 25.5% · 1Y 57.1%9 of 12 weeks ahead 100% evidence |
| Exact sum: 23.9 + 14.9 + 10 + 20 = 68.8 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 3GNG Electronics LtdEBGNG | 65.0/100Favorable setup74% evidence | LEADER | 20.3/35 Revenue 35.6% · PAT 88.2% · OPM change 2 pp 100% evidence | 17.7/25 ROCE 20.3% · OPM 12% 100% evidence | 10.0/20 P/E 42.3× · PEG — 0% evidence | 17.0/20 RS sector 17.8% · RS bench 36.1% · 1Y 69.2%11 of 12 weeks ahead 70% evidence |
| Exact sum: 20.3 + 17.7 + 10 + 17 = 65 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 4Lenskart Solutions LtdLENSKART | 55.5/100Mixed-positive evidence66% evidence | TURNING | 25.7/35 Revenue 32.5% · PAT 68.7% · OPM change 4 pp 88% evidence | 14.8/25 ROCE 8.1% · OPM 21% 100% evidence | 5.0/20 P/E 210× · PEG 4.89 50% evidence | 10.0/20 RS sector — · RS bench — · 1Y —3 of 12 weeks ahead 0% evidence |
| Exact sum: 25.7 + 14.8 + 5 + 10 = 55.5 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 5Meesho LtdMEESHO | 45.9/100Thin evidence · provisional51% evidence | ASLEEP | 25.6/35 Revenue 42.1% · PAT — · OPM change 5 pp 74% evidence | 0.3/25 ROCE -35.6% · OPM -6% 100% evidence | 10.0/20 P/E — · PEG — 0% evidence | 10.0/20 RS sector — · RS bench — · 1Y —7 of 10 weeks ahead 0% evidence |
| Exact sum: 25.6 + 0.3 + 10 + 10 = 45.9 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral. | ||||||
| 6Brainbees Solutions LtdFIRSTCRY | 29.3/100Adverse evidence61% evidence | ASLEEP | 13.8/35 Revenue 11.6% · PAT 22.9% · OPM change 2.4 pp 62% evidence | 5.2/25 ROCE 0.6% · OPM 3.2% 76% evidence | 10.0/20 P/E — · PEG — 0% evidence | 0.3/20 RS sector -37.5% · RS bench -25.6% · 1Y -40.6%1 of 12 weeks ahead 100% evidence |
| Exact sum: 13.8 + 5.2 + 10 + 0.3 = 29.3 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
05 · what price has already done
Market action
Honasa Consumer Ltd has the strongest one-year price move in New age - Platform - E-Retail at +70.5%. It also leads on Mansfield relative strength against NIFTY at +36.3%. 3 of 4 covered companies are above zero on that measure. Every line covers 313 weekly closes through 2026-07-31.
Price and relative strength
Every company, the sector's own index and NIFTY 500 all start level on the left edge of the window, so only the distance between the lines counts — the highest line has risen the most since then, and the chart at the top of this page is drawn the same way. It opens on one year; the buttons beside it stretch that to three or five.
How far ahead of or behind NIFTY 500 each company has been running, measured against its own recent average of that comparison, so the flat line at zero IS NIFTY 500: above it the company is beating the market, below it the market is beating the company. It opens on one year.
The same measure taken against New age - Platform - E-Retail itself instead of the whole market, so the flat line at zero is the sector: above it the company is beating its own peers, which is the sharper test of the two. It opens on one year.
06 · compare level, then change
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.
LeaderMeesho Ltd · ₹13,836 crore
Gap38.1% versus #2 · FSN E-Commerce Ventures Ltd
Persistence5/5 recent comparable periods
Coverage6/6 companies · 68 observations
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.
Revenue is compared on a common reported-currency basis. Growth is year-on-year, so seasonality does not masquerade as progress.
Revenuelargest
Revenue growthfastest growers
Revenue · company comparison
6/6 level · 6/6 change
On every company-comparison chart on this page: solid lines show level, dotted lines show change when “Both” is selected, and a missing report breaks the line rather than being invented.
All-company data · latest reported quarter
In every all-company table on this page, each figure is the company’s latest single reported quarter. The rankings above them use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.
| Company | Revenue | Revenue growth | Reported |
|---|---|---|---|
| Meesho Ltd MEESHO | ₹3.7K Cr | 48% | Jun 2026 |
| FSN E-Commerce Ventures Ltd NYKAA | ₹2.6K Cr | 28% | Mar 2026 |
| Lenskart Solutions Ltd LENSKART | ₹2.5K Cr | 46% | Mar 2026 |
| Brainbees Solutions Ltd FIRSTCRY | ₹2.2K Cr | 12% | Mar 2026 |
| Honasa Consumer Ltd HONASA | ₹657 Cr | 23% | Mar 2026 |
| GNG Electronics Ltd EBGNG | ₹412 Cr | 32% | Jun 2026 |
Full 20-quarter history · every available company
Revenue · reported quarter history
FSN E-Commerce Ventures Ltd · NYKAA
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₹1.5K Cr
₹1.3K Cr
₹1.4K Cr
₹1.5K Cr
₹1.8K Cr
₹1.7K Cr
₹1.7K Cr
₹1.9K Cr
₹2.3K Cr
₹2.1K Cr
₹2.2K Cr
₹2.3K Cr
₹2.9K Cr
₹2.6K Cr
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GNG Electronics Ltd · EBGNG
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₹255 Cr
₹353 Cr
₹347 Cr
₹456 Cr
₹312 Cr
₹440 Cr
₹487 Cr
₹652 Cr
₹412 Cr
Honasa Consumer Ltd · HONASA
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—
—
₹312 Cr
₹410 Cr
₹382 Cr
₹388 Cr
₹464 Cr
₹496 Cr
₹488 Cr
₹471 Cr
₹554 Cr
₹462 Cr
₹518 Cr
₹534 Cr
₹595 Cr
₹538 Cr
₹602 Cr
₹657 Cr
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Lenskart Solutions Ltd · LENSKART
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—
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—
₹1.5K Cr
₹1.7K Cr
₹1.7K Cr
₹1.7K Cr
₹1.9K Cr
₹2.1K Cr
₹2.3K Cr
₹2.5K Cr
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Meesho Ltd · MEESHO
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₹2.2K Cr
₹2.2K Cr
₹2.7K Cr
₹2.4K Cr
₹2.5K Cr
₹3.1K Cr
₹3.5K Cr
₹3.5K Cr
₹3.7K Cr
Revenue growth · reported quarter history
Brainbees Solutions Ltd · FIRSTCRY
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—
—
—
—
—
—
—
—
—
—
17%
26%
14%
16%
13%
10%
12%
12%
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FSN E-Commerce Ventures Ltd · NYKAA
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—
—
—
—
—
—
—
—
22%
28%
23%
24%
27%
24%
23%
25%
27%
28%
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GNG Electronics Ltd · EBGNG
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—
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22%
25%
40%
43%
32%
Honasa Consumer Ltd · HONASA
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—
—
—
—
—
—
49%
21%
28%
21%
19%
-6.9%
6.2%
13%
7.4%
16%
16%
23%
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Lenskart Solutions Ltd · LENSKART
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—
—
—
—
—
—
—
—
—
—
—
—
—
25%
21%
38%
46%
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Meesho Ltd · MEESHO
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—
—
—
—
—
—
—
—
—
—
—
—
—
—
16%
43%
31%
47%
48%
07 · compare level, then change
Operating Economics & Margin Trend
Lenskart Solutions Ltd has the highest OPM among the 6 New age - Platform - E-Retail companies compared here, at 21%. GNG Electronics 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.
LeaderLenskart Solutions Ltd · 21%
Gap75% versus #2 · GNG Electronics Ltd
Persistence4/4 recent comparable periods
Coverage6/6 companies · 73 observations
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.
Operating margin compares operating profit with revenue. Improvement is measured in percentage points, not percentage growth.
OPMhighest
Margin changefastest expanders
Operating margin · company comparison
6/6 level · 6/6 change
All-company data · latest reported quarter
| Company | OPM | Margin change | Reported |
|---|---|---|---|
| Lenskart Solutions Ltd LENSKART | 21% | +4.0 pp | Mar 2026 |
| Honasa Consumer Ltd HONASA | 12% | +7.0 pp | Mar 2026 |
| GNG Electronics Ltd EBGNG | 12% | +2.0 pp | Jun 2026 |
| FSN E-Commerce Ventures Ltd NYKAA | 8.0% | +2.0 pp | Mar 2026 |
| Brainbees Solutions Ltd FIRSTCRY | 3.2% | +2.4 pp | Mar 2026 |
| Meesho Ltd MEESHO | -6.0% | +5.0 pp | Jun 2026 |
Full 20-quarter history · every available company
OPM · reported quarter history
Brainbees Solutions Ltd · FIRSTCRY
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—
—
—
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—
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-1.1%
-0.4%
3.1%
2.0%
3.0%
3.0%
5.0%
0.8%
1.8%
3.0%
4.0%
3.2%
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FSN E-Commerce Ventures Ltd · NYKAA
3.3%
6.3%
4.0%
4.0%
5.0%
5.0%
5.0%
5.0%
5.0%
6.0%
6.0%
6.0%
6.0%
6.0%
6.0%
7.0%
7.0%
8.0%
8.0%
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GNG Electronics Ltd · EBGNG
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—
—
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10%
9.0%
9.0%
6.0%
10%
11%
11%
10%
12%
Honasa Consumer Ltd · HONASA
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—
—
-4.0%
6.4%
3.0%
-0.8%
6.0%
8.0%
7.0%
7.0%
8.0%
-7.0%
5.0%
5.0%
8.0%
9.0%
11%
12%
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Lenskart Solutions Ltd · LENSKART
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—
—
—
—
—
—
—
—
—
-0.2%
16%
13%
17%
18%
20%
20%
21%
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Meesho Ltd · MEESHO
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—
—
—
—
—
—
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—
—
-5.9%
-5.9%
-4.9%
-10%
-11%
-15%
-15%
-7.0%
-6.0%
Margin change · reported quarter history
Brainbees Solutions Ltd · FIRSTCRY
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—
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—
—
+4.1 pp
+3.4 pp
+1.9 pp
−1.2 pp
−1.2 pp
0.0 pp
−1.0 pp
+2.4 pp
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FSN E-Commerce Ventures Ltd · NYKAA
−5.8 pp
−7.0 pp
−2.1 pp
+0.7 pp
+1.7 pp
−1.3 pp
+1.0 pp
+1.0 pp
+0.0 pp
+1.0 pp
+1.0 pp
+1.0 pp
+1.0 pp
0.0 pp
0.0 pp
+1.0 pp
+1.0 pp
+2.0 pp
+2.0 pp
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GNG Electronics Ltd · EBGNG
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—
—
—
—
—
—
—
—
—
—
—
—
0.0 pp
+2.0 pp
+2.0 pp
+4.0 pp
+2.0 pp
Honasa Consumer Ltd · HONASA
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—
—
—
—
—
—
+10.0 pp
+1.6 pp
+4.0 pp
+7.8 pp
+2.0 pp
−15.0 pp
−2.0 pp
−2.0 pp
0.0 pp
+16.0 pp
+6.0 pp
+7.0 pp
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Lenskart Solutions Ltd · LENSKART
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—
—
—
—
—
—
—
—
—
—
—
—
—
+18.2 pp
+4.0 pp
+7.0 pp
+4.0 pp
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Meesho Ltd · MEESHO
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—
—
—
—
—
—
—
—
—
—
—
—
—
—
−5.1 pp
−9.1 pp
−10.1 pp
+3.0 pp
+5.0 pp
08 · compare level, then change
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.
LeaderLenskart Solutions Ltd · ₹501 crore
Gap145.6% versus #2 · FSN E-Commerce Ventures Ltd
Persistence2/3 recent comparable periods
Coverage6/6 companies · 68 observations
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.
Net profit is the residual after operating costs, interest and tax. Growth off a loss or near-zero base is excluded from the fastest-grower rank.
Net profitlargest
Profit growthfastest growers
Net profit · company comparison
6/6 level · 4/6 change
All-company data · latest reported quarter
| Company | Net profit | Profit growth | Reported |
|---|---|---|---|
| Lenskart Solutions Ltd LENSKART | ₹204 Cr | -7.3% | Mar 2026 |
| FSN E-Commerce Ventures Ltd NYKAA | ₹79 Cr | 316% | Mar 2026 |
| Honasa Consumer Ltd HONASA | ₹69 Cr | 176% | Mar 2026 |
| GNG Electronics Ltd EBGNG | ₹29 Cr | 53% | Jun 2026 |
| Brainbees Solutions Ltd FIRSTCRY | ₹-48 Cr | — | Mar 2026 |
| Meesho Ltd MEESHO | ₹-133 Cr | — | Jun 2026 |
Full 20-quarter history · every available company
Net profit · reported quarter history
Brainbees Solutions Ltd · FIRSTCRY
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—
—
—
—
—
—
₹-110 Cr
₹-119 Cr
₹-48 Cr
₹-43 Cr
₹-76 Cr
₹-63 Cr
₹-15 Cr
₹-112 Cr
₹-67 Cr
₹-51 Cr
₹-39 Cr
₹-48 Cr
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FSN E-Commerce Ventures Ltd · NYKAA
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—
—
—
—
₹8 Cr
₹2 Cr
₹5 Cr
₹8 Cr
₹17 Cr
₹9 Cr
₹14 Cr
₹13 Cr
₹26 Cr
₹19 Cr
₹24 Cr
₹33 Cr
₹68 Cr
₹79 Cr
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GNG Electronics Ltd · EBGNG
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—
—
—
—
—
—
—
—
—
—
₹12 Cr
₹23 Cr
₹19 Cr
₹15 Cr
₹19 Cr
₹33 Cr
₹39 Cr
₹42 Cr
₹29 Cr
Honasa Consumer Ltd · HONASA
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—
—
₹-9 Cr
₹17 Cr
₹7 Cr
₹-162 Cr
₹25 Cr
₹29 Cr
₹26 Cr
₹30 Cr
₹40 Cr
₹-19 Cr
₹26 Cr
₹25 Cr
₹41 Cr
₹39 Cr
₹50 Cr
₹69 Cr
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Lenskart Solutions Ltd · LENSKART
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—
—
—
—
—
—
—
—
—
—
₹-11 Cr
₹86 Cr
₹2 Cr
₹220 Cr
₹61 Cr
₹103 Cr
₹133 Cr
₹204 Cr
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Meesho Ltd · MEESHO
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—
—
—
—
—
—
—
—
—
—
₹-1.3K Cr
₹-1.3K Cr
₹-37 Cr
₹-1.4K Cr
₹-289 Cr
₹-411 Cr
₹-491 Cr
₹-166 Cr
₹-133 Cr
Profit growth · reported quarter history
FSN E-Commerce Ventures Ltd · NYKAA
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—
—
—
—
—
—
—
—
113%
350%
180%
63%
53%
111%
71%
154%
162%
316%
—
GNG Electronics Ltd · EBGNG
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—
—
—
—
—
—
—
—
—
—
—
—
—
—
58%
43%
105%
180%
53%
Honasa Consumer Ltd · HONASA
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—
—
—
—
—
—
—
71%
271%
—
60%
-166%
0.0%
-17%
2.5%
—
92%
176%
—
Lenskart Solutions Ltd · LENSKART
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—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
20%
6,550%
-7.3%
—
09 · compare level, then change
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.
LeaderGNG Electronics Ltd · 20.3%
Gap5.7% versus #2 · Honasa Consumer Ltd
Persistence0/2 recent comparable periods
Coverage6/6 companies · 30 observations
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.
ROCE asks how much operating return the business earns on the capital employed. Direction matters, but a single exceptional year should not be mistaken for durability.
ROCEhighest
ROCE changefastest improvers
Return on capital · company comparison
6/6 level · 6/6 change
Withheld from this chart: FSN E-Commerce Ventures Ltd (NYKAA) — its two data sources disagree by up to 28% on reported income across 14 comparable periods, so its derived ratios are withheld; Brainbees Solutions Ltd (FIRSTCRY) — its two data sources disagree by up to 48% on reported income across 12 comparable periods, so its derived ratios are withheld. A figure two sources cannot agree on is not drawn — the gap is a decision, not missing data.
All-company data · latest reported quarter
| Company | ROCE | ROCE change | Reported |
|---|---|---|---|
| GNG Electronics Ltd EBGNG | 24% | −11.7 pp | Jun 2026 |
| Honasa Consumer Ltd HONASA | 13% | +10.8 pp | Mar 2026 |
| Lenskart Solutions Ltd LENSKART | 6.4% | +4.2 pp | Mar 2026 |
| Meesho Ltd MEESHO | -35% | +7.4 pp | Jun 2026 |
Full 20-quarter history · every available company
ROCE · reported quarter history
GNG Electronics Ltd · EBGNG
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—
—
—
—
—
—
—
—
—
—
—
19%
—
35%
41%
19%
33%
24%
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Honasa Consumer Ltd · HONASA
—
—
—
—
0.7%
—
0.1%
5.6%
6.8%
-5.5%
8.8%
18%
3.5%
11%
1.8%
8.3%
7.1%
17%
13%
—
Lenskart Solutions Ltd · LENSKART
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—
—
—
—
—
—
—
—
—
—
—
—
—
2.2%
3.2%
3.8%
9.2%
6.4%
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Meesho Ltd · MEESHO
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—
—
—
—
—
—
—
—
—
—
—
—
—
-42%
-62%
-118%
-265%
-35%
—
ROCE change · reported quarter history
GNG Electronics Ltd · EBGNG
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—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
−0.2 pp
—
−11.7 pp
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Honasa Consumer Ltd · HONASA
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—
—
—
—
—
—
—
+6.1 pp
—
+8.7 pp
+12.8 pp
−3.3 pp
+16.2 pp
−7.0 pp
−10.1 pp
+3.6 pp
+6.0 pp
+10.8 pp
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Lenskart Solutions Ltd · LENSKART
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—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
+4.2 pp
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Meesho Ltd · MEESHO
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—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
+7.4 pp
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10 · compare level, then change
Valuation Against Growth & Quality
Honasa Consumer Ltd has the lowest PEG among the 6 New age - Platform - E-Retail companies compared here, at 1.51×. Lenskart Solutions Ltd is next at 4.89×. GNG Electronics Ltd has the lowest P/E at 42.3×, 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 PEG at 1.51×, 69.1% below Lenskart Solutions Ltd. Only 2 of 6 companies have earnings and growth steady enough for the ratio to mean anything, so no broad “cheapest stock” conclusion is defensible unless the current multiple, own-history position and growth durability agree.
LeaderHonasa Consumer Ltd · 1.51×
Gap69.1% versus #2 · Lenskart Solutions Ltd
Persistence0/8 recent comparable periods
Coverage2/6 companies · 2 observations
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.
PEG is shown only when earnings are positive and three-year EPS growth is between 5% and 60%. It is recomputed consistently as the trailing P/E divided by that growth rate — reported earnings, never an expected-earnings multiple. On Indian companies it is shown only where the two data feeds agreed. Where any of that fails the ratio is left out rather than printed: a P/E divided by a loss, or by growth measured off a tiny base, is a number that looks precise and means nothing.
P/Elowest P/E
Valuation · company comparison
2/6 level · 4/6 change
Withheld from this chart: Brainbees Solutions Ltd (FIRSTCRY) — its two data sources disagree by up to 48% on reported income across 12 comparable periods, so its derived ratios are withheld. A figure two sources cannot agree on is not drawn — the gap is a decision, not missing data.
All-company data · latest reported quarter
| Company | PEG | P/E | Reported |
|---|---|---|---|
| Honasa Consumer Ltd HONASA | 1.5 | 60.9 | Mar 2026 |
| GNG Electronics Ltd EBGNG | 0.0 | 54.0 | Jun 2026 |
| Lenskart Solutions Ltd LENSKART | — | 182.2 | Mar 2026 |
| FSN E-Commerce Ventures Ltd NYKAA | — | 452.0 | Mar 2026 |
Full 20-quarter history · every available company
PEG · reported quarter history
GNG Electronics Ltd · EBGNG
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—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
0.0
—
—
—
Honasa Consumer Ltd · HONASA
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—
—
—
—
—
—
—
—
—
—
1.5
—
—
—
—
—
—
—
—
P/E · reported quarter history
FSN E-Commerce Ventures Ltd · NYKAA
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51.4
39.0
478.6
1,415.3
967.5
1,367.8
2,115.7
2,552.5
2,484.3
1,619.0
1,603.6
1,429.6
1,064.0
994.7
912.4
823.9
701.0
452.0
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GNG Electronics Ltd · EBGNG
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—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
0.1
37.3
36.4
54.0
Honasa Consumer Ltd · HONASA
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—
—
—
—
—
—
—
—
304.0
277.5
74.5
88.7
102.5
96.2
138.6
125.3
66.3
60.9
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Lenskart Solutions Ltd · LENSKART
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—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
164.5
182.2
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11 · before the conclusion, check the blind spots
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 5 ranked sections has fewer than three usable current readings.
Keep these limits visible
- A high growth rate can be a low-base artefact. The page keeps level and change separate for that reason.
- A high ROCE can be temporary or flattered by a small capital base. Read it beside margin, cash conversion and reinvestment.
- The 4-Factor Sector Score ranks research priority, not portfolio action. Management quality, catalysts and risks need equally fresh evidence before capital is deployed.
- An “all companies” line chart preserves completeness, but rank changes should be checked against reporting dates before drawing a conclusion.
- 2 companies are missing from the second-feed metrics by decision, not by absence: the two sources disagree, so nothing from the second is drawn. Read those rows as narrower evidence, never as a weaker business.
- Thin comparisons: Valuation have fewer than three usable current readings.
12 · evidence and freshness
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 2026-07-31.
FundamentalsThrough Jun 2026 · up to 20 quarters per company
Market dataThrough 2026-07-31 · weekly price and relative-strength history
Derived metricsGrowth, changes and PEG are calculated only when their inputs are comparable.
Score confidenceMissing and stale evidence reduces confidence and pulls the 0–100 research-priority score toward neutral.
Source standing4 cross-checked · 0 unverified · 2 withheld, of 6 graded companies.
How a second data feed is admitted, and what happens when it disagrees
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.
13 · questions investors ask, short speakable answers
New age - Platform - E-Retail company comparison FAQs
These 23 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 2026-07-31. Nothing here is estimated, and none of it is a recommendation.
Is the New age - Platform - E-Retail sector outperforming NIFTY 500?
New age - Platform - E-Retail has outperformed NIFTY 500 by 29.6% over 52 weeks and 10.6% over 13 weeks. 3 of 4 covered companies beat NIFTY on Mansfield relative strength, while 3 of 4 beat the sector itself.
Which New age - Platform - E-Retail company is largest by revenue?
Meesho Ltd leads with revenue of ₹13,836 crore, based on 6 of 6 comparable companies through Jun 2026.
Which New age - Platform - E-Retail company is growing fastest?
Meesho Ltd has the fastest current revenue growth at 42.1%, across 6 of 6 comparable companies.
Which New age - Platform - E-Retail company has the strongest 4-Factor Sector Score?
Honasa Consumer Ltd ranks first at 76.5/100 with 92.6% evidence confidence. The score prioritizes research; it is not a buy recommendation.
Which New age - Platform - E-Retail company has the lowest comparable PEG?
Honasa Consumer Ltd has the lowest comparable PEG at 1.51, among 2 of 6 companies whose earnings and growth are steady enough for the ratio to mean anything.
How much history does this New age - Platform - E-Retail comparison include?
The page compares up to 20 reported quarters per company for fundamentals, returns and valuation, ending Jun 2026. Missing observations remain blank rather than being estimated.
How is the 4-Factor Sector Score calculated?
The four visible contributions add directly: growth and earnings up to 35 points, capital efficiency up to 25, valuation up to 20, and relative strength up to 20. Missing or stale evidence moves only the affected contribution toward neutral.
What is the Nifty New age - Platform - E-Retail index?
The Nifty New age - Platform - E-Retail index tracks India's listed New age - Platform - E-Retail companies as a single basket. This page follows the same 6 companies and equal-weights them, so every company's weekly return counts once whatever it is worth, and the reading belongs to the New age - Platform - E-Retail sector rather than to its largest constituent. Figures are as of Jun 2026.
Which are the best New age - Platform - E-Retail stocks in India?
Ranked by this page's four-factor score, Honasa Consumer Ltd places first among 6 listed New age - Platform - E-Retail companies, followed by FSN E-Commerce Ventures Ltd. That is a ranking of published data — earnings, quality, valuation and market behaviour as of Jun 2026 — and not a recommendation; Sector Alpha is not registered with SEBI as an investment adviser.
How many New age - Platform - E-Retail stocks are listed in India?
This comparison covers 6 listed New age - Platform - E-Retail companies in India, each above the size floor the site applies, with 20 quarters of reported figures per company where the filings exist. The full ranked list is on this page, as of Jun 2026.
Which New age - Platform - E-Retail company is the biggest?
Meesho Ltd is the largest, with trailing-twelve-month revenue of ₹13,836 crore, ahead of FSN E-Commerce Ventures Ltd at ₹10,022 crore. That covers 6 of 6 companies with comparable reporting through Jun 2026.
Which New age - Platform - E-Retail company has the best profit margins?
Lenskart Solutions Ltd has the highest operating margin at 21%, from 6 of 6 comparable companies. Honasa Consumer Ltd shows the biggest recent improvement, at +7 percentage points. A high margin matters most when it is holding or rising, not when it is peaking.
Which New age - Platform - E-Retail company makes the most profit?
Lenskart Solutions Ltd earns the most, at ₹501 crore of trailing-twelve-month net profit, from 6 of 6 comparable companies. Honasa Consumer Ltd has the fastest profit growth at 100%, though growth off a small or recovering profit base overstates how much has actually changed.
Which New age - Platform - E-Retail company earns the highest return on capital?
GNG Electronics Ltd leads on return on capital employed at 20.3%, across 6 of 6 companies. Read it beside the length of its reported history: a high return that repeats for years is evidence of a durable business, while a single high reading can be a small capital base or one good year.
Which New age - Platform - E-Retail stock is the cheapest?
On PEG — where a LOWER number is cheaper — Honasa Consumer Ltd screens cheapest at 1.51×. Only 2 of 6 companies have earnings and growth steady enough for the ratio to mean anything, so this is not a sector-wide "cheapest stock" verdict. Cheap on a multiple is a reason to investigate, never a reason to buy on its own.
Is the New age - Platform - E-Retail sector beating the market?
New age - Platform - E-Retail has outperformed NIFTY 500 by 29.6% over the last 52 weeks and 10.6% over 13 weeks, measured on an equal-weight index of its current members. Inside the sector, 3 of 4 covered companies are beating the market on their own. Sector strength does not transfer evenly to every stock in it.
Which New age - Platform - E-Retail stock has the strongest price momentum?
Honasa Consumer Ltd has the strongest relative strength against NIFTY 500. Relative strength answers last, after growth, quality and valuation: price can move well before the fundamentals confirm it, and sometimes without them confirming at all.
Which New age - Platform - E-Retail company scores highest for research priority?
Honasa Consumer Ltd scores 76.5 out of 100 with 92.6% evidence confidence, from 27.8 points on growth and earnings, 16 on capital efficiency, 12.7 on valuation and 20 on relative strength. This ranks what deserves work next. It is not a buy recommendation, and management quality, catalysts and risk still need separate research.
How many New age - Platform - E-Retail companies does this comparison cover, and over what period?
It compares 6 listed companies over up to 20 reported quarters of fundamentals, ending Jun 2026, plus weekly price and relative-strength history. Membership is the full sector list — nothing is dropped for having thin data.
What is the total market cap of the New age - Platform - E-Retail sector?
The 6 New age - Platform - E-Retail companies on this page carry ₹3,09,074 crore of combined market value. Lenskart Solutions Ltd is the largest at ₹97,612 crore, about 32% of the sector's total on its own. Market value moves with price, so this reading is dated 2026-08-05.
How is the New age - Platform - E-Retail sector performing?
3 of the 4 covered New age - Platform - E-Retail companies are beating NIFTY 500 on Mansfield relative strength. The sector itself is 29.6% ahead of NIFTY 500 over 52 weeks on an equal-weight index of its current members. Readings are as of 2026-08-05.
Why are some values on this page blank?
A blank means that company did not report a comparable figure for that period, so nothing is shown. Missing observations are never interpolated, carried forward, or replaced with a similar-looking accounting line, and a company with missing evidence has its research score pulled toward neutral rather than being scored as bad.
Is this investment advice?
No. Every figure here is a deterministic calculation from reported company filings and market data, published for research. It contains no recommendation to buy or sell any security, does not account for your circumstances, and is not a substitute for advice from a licensed adviser.