Future Enterprises Ltd

Future Enterprises Ltd

₹ 0.70 -6.67%
19 Feb - close price
About

Incorporated in 1987, Future Enterprises Ltd is in the business of manufacturing, trading and leasing of assets[1]

Key Points

Business Overview:[1][2]
FEL (previously Future Retail Ltd) is a part of Future Group and houses their physical assets (store formats of erstwhile FRL and Bharti Retail Limited including all the infrastructure assets situated in the stores) and some strategic investments in companies. It is into manufacturing and trading of men’s wear, women’s wear and kid’s wear in denim segment. FEL is also the holding company for future group’s various other businesses. It develops, owns and leases the retail infra for the Group. Company also holds the Group’s investments in subsidiaries, joint ventures including insurance, textile manufacturing, supply chain and logistics.

  • Market Cap 55.7 Cr.
  • Current Price 0.70
  • High / Low 1.20 / 0.45
  • Stock P/E
  • Book Value -5.77
  • Dividend Yield 0.00 %
  • ROCE -11.7 %
  • ROE -121 %
  • Face Value 2.00

Pros

  • Company is expected to give good quarter

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -13.3% over past five years.
  • Promoter holding is low: 16.4%
  • Company has a low return on equity of -34.2% over last 3 years.
  • Promoters have pledged 61.4% of their holding.
  • Company has high debtors of 269 days.
  • Promoter holding has decreased over last 3 years: -34.4%

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Retail Industry: Trading

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022
1,567 1,415 1,700 1,468 783 179 238 459 546 436 693 590 474
1,157 1,030 1,255 1,047 696 167 217 418 474 390 647 529 1,086
Operating Profit 409 385 445 420 87 12 21 41 72 46 46 61 -612
OPM % 26% 27% 26% 29% 11% 7% 9% 9% 13% 11% 7% 10% -129%
13 11 19 22 -42 137 22 49 6 15 15 28 -1,344
Interest 155 168 172 173 206 200 200 210 207 202 175 192 193
Depreciation 212 243 262 256 272 272 164 174 171 177 172 170 147
Profit before tax 55 -15 29 13 -434 -323 -321 -295 -300 -318 -286 -273 -2,296
Tax % -20% 44% 26% 9% 9% 0% 0% 0% 6% 0% 0% 0% 0%
67 -9 22 12 -395 -323 -321 -295 -282 -318 -286 -273 -2,296
EPS in Rs 1.31 -0.23 0.37 0.34 -7.77 -6.46 -6.23 -5.99 -5.97 -6.49 -5.97 -5.95 -44.84
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Jun 2010 Jun 2011 Dec 2012 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
9,787 12,226 20,186 13,897 11,057 8,915 4,488 5,256 6,173 5,366 1,422 2,193
9,028 11,183 18,255 12,925 9,887 7,810 3,460 4,051 4,703 4,006 1,237 2,634
Operating Profit 759 1,043 1,931 972 1,170 1,105 1,027 1,205 1,470 1,360 186 -441
OPM % 8% 9% 10% 7% 11% 12% 23% 23% 24% 25% 13% -20%
207 161 821 305 213 40 215 163 97 -14 174 -1,305
Interest 507 615 1,647 726 679 507 522 578 598 719 817 762
Depreciation 278 308 632 452 542 573 654 725 816 1,034 781 665
Profit before tax 180 281 473 99 162 65 66 65 154 -407 -1,238 -3,173
Tax % 58% 50% 28% 4% 1% 32% 17% 39% -14% 9% 1% 0%
70 140 338 95 160 44 55 40 175 -370 -1,220 -3,173
EPS in Rs 2.18 4.33 7.87 2.29 3.94 0.92 0.81 0.15 3.19 -7.28 -24.66 -63.25
Dividend Payout % 37% 14% 9% 17% 16% 12% 27% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: -16%
5 Years: -13%
3 Years: -29%
TTM: 54%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: -34%
Stock Price CAGR
10 Years: -24%
5 Years: -54%
3 Years: -60%
1 Year: -39%
Return on Equity
10 Years: -8%
5 Years: -18%
3 Years: -34%
Last Year: -121%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Jun 2010 Jun 2011 Dec 2012 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Equity Capital 41 43 46 46 83 86 95 99 99 99 99 99
Reserves 2,643 2,801 3,242 3,216 5,236 3,311 3,579 3,734 3,895 4,040 2,812 -361
Preference Capital 70 138 75 75 49 72 24 15 15 15 15
4,352 7,692 7,528 6,402 4,874 4,906 5,182 5,772 6,717 6,863 7,169 7,460
2,671 3,788 4,221 2,484 3,257 1,635 1,694 1,852 2,372 4,664 1,776 1,241
Total Liabilities 9,708 14,324 15,037 12,149 13,450 9,938 10,549 11,457 13,083 15,666 11,856 8,438
2,647 3,278 4,632 4,520 4,998 5,422 5,982 6,759 7,423 8,356 4,750 3,869
CWIP 304 345 553 394 277 422 456 585 597 630 92 0
Investments 910 1,370 1,391 1,452 1,622 1,128 1,135 865 957 1,136 1,080 760
5,847 9,332 8,461 5,783 6,553 2,966 2,976 3,247 4,105 5,544 5,933 3,808
Total Assets 9,708 14,324 15,037 12,149 13,450 9,938 10,549 11,457 13,083 15,666 11,856 8,438

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Jun 2010 Jun 2011 Dec 2012 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
251 -1,453 3,419 2,234 1,272 981 975 1,114 1,125 2,458 -3,006 400
-448 -1,333 -2,080 -364 -1,039 -1,308 -762 -1,189 -1,431 -1,775 3,588 37
281 3,021 -1,660 -1,902 -270 347 -197 94 345 -816 -555 -465
Net Cash Flow 84 235 -321 -32 -37 20 16 19 39 -134 27 -28

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Jun 2010 Jun 2011 Dec 2012 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 15 16 10 12 18 21 49 54 53 156 710 269
Inventory Days 136 164 125 115 168 50 102 112 113 122 399 68
Days Payable 76 94 67 46 97 46 74 77 88 132 411 181
Cash Conversion Cycle 75 86 68 81 90 24 77 89 78 146 698 156
Working Capital Days 131 75 46 67 93 40 119 112 95 10 552 314
ROCE % 9% 9% 16% 8% 7% 6% 6% 6% 7% 4% -5%

Shareholding Pattern

Numbers in percentages

Jun 2020Sep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023
50.11% 43.29% 37.09% 20.61% 20.61% 20.61% 18.88% 17.03% 16.37% 16.37% 16.37% 16.37%
1.17% 0.49% 0.19% 0.19% 0.19% 0.19% 0.19% 0.19% 0.02% 0.02% 0.02% 0.02%
2.66% 6.45% 5.96% 5.95% 5.95% 5.25% 4.96% 0.57% 0.58% 0.58% 0.58% 0.58%
46.07% 49.76% 56.76% 73.25% 73.25% 73.95% 75.97% 82.21% 83.03% 83.03% 83.02% 83.03%
No. of Shareholders 54,1471,06,1661,08,6391,05,5431,05,9231,04,7771,07,7421,22,8461,32,0571,38,4981,38,9081,39,941

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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