Future Lifestyle Fashions Ltd

About [ edit ]

Future Lifestyle Fashions Limited has been formed through the demerger of the lifestyle fashion businesses of Future Retail Limited and Future Ventures India Limited. It is an integrated fashion company with a presence across key segments within the fashion industry i.e. design to distribution. # #

Key Points [ edit ]
  • Market Cap 1,063 Cr.
  • Current Price 52.7
  • High / Low 170 / 46.5
  • Stock P/E
  • Book Value 51.3
  • Dividend Yield 0.00 %
  • ROCE 10.5 %
  • ROE 1.65 %
  • Face Value 2.00

Pros

  • Stock is trading at 1.03 times its book value

Cons

  • Company has low interest coverage ratio.
  • Promoter holding is low: 20.40%
  • Company has a low return on equity of 7.09% for last 3 years.
  • Promoters have pledged 99.51% of their holding.
  • Dividend payout has been low at 13.14% of profits over last 3 years
  • Company's cost of borrowing seems high
  • Promoter holding has decreased over last 3 years: -40.12%

Peer comparison

Sector: Retail Industry: Textiles - Products

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
977 1,268 1,222 1,616 1,271 1,496 1,458 1,667 1,366 80 388 917
889 1,164 1,120 1,468 1,164 1,245 1,221 1,357 1,222 172 432 860
Operating Profit 88 103 103 148 107 251 237 310 143 -92 -45 56
OPM % 9% 8% 8% 9% 8% 17% 16% 19% 10% -115% -11% 6%
Other Income 10 9 8 12 9 11 11 11 -56 11 15 13
Interest 25 25 26 26 27 68 71 70 92 81 85 87
Depreciation 43 44 45 50 57 154 169 175 184 167 134 139
Profit before tax 30 43 39 84 32 39 8 77 -189 -329 -249 -157
Tax % 14% 35% 35% 35% -13% 35% -1% 26% 13% 0% -0% -0%
Net Profit 26 28 26 55 36 26 8 57 -163 -329 -250 -157
EPS in Rs 1.36 1.46 1.31 2.83 1.87 1.32 0.38 2.82 -8.10 -16.31 -12.38 -7.77

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 TTM
0 2,744 3,134 3,300 3,865 4,606 5,377 5,986 2,750
0 2,493 2,802 2,964 3,509 4,218 4,888 5,010 2,687
Operating Profit -0 251 332 336 356 388 489 976 63
OPM % 9% 11% 10% 9% 8% 9% 16% 2%
Other Income 0 332 20 5 37 11 11 -58 -18
Interest 0 163 158 135 117 95 104 301 345
Depreciation 0 385 170 161 86 149 197 682 625
Profit before tax -0 34 23 45 190 156 199 -66 -924
Tax % -3% 32% 21% 34% 18% 29% 27% -12%
Net Profit -0 23 19 29 156 111 145 -73 -899
EPS in Rs 1.51 1.00 1.55 8.20 5.80 7.47 -3.64 -44.56
Dividend Payout % 0% 27% 40% 26% 10% 21% 19% 0%
Compounded Sales Growth
10 Years:%
5 Years:14%
3 Years:16%
TTM:-53%
Compounded Profit Growth
10 Years:%
5 Years:6%
3 Years:-44%
TTM:-742%
Stock Price CAGR
10 Years:%
5 Years:-13%
3 Years:-51%
1 Year:-65%
Return on Equity
10 Years:%
5 Years:7%
3 Years:7%
Last Year:2%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Sep 2020
5 31 37 38 38 38 39 40 40
Reserves -0 1,260 1,532 1,585 1,250 1,356 1,609 1,573 995
Borrowings 0 1,356 1,244 1,141 682 722 861 2,733 1,140
0 1,293 1,135 1,218 1,361 1,375 2,125 2,711 4,434
Total Liabilities 5 3,940 3,949 3,982 3,331 3,491 4,633 7,058 6,610
0 1,150 1,302 1,243 712 900 1,229 2,498 2,248
CWIP 0 190 172 186 190 290 158 178 185
Investments 0 379 344 375 48 50 184 538 548
5 2,222 2,131 2,177 2,381 2,250 3,063 3,843 3,629
Total Assets 5 3,940 3,949 3,982 3,331 3,491 4,633 7,058 6,610

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
-5 -593 231 358 510 579 474 827
0 -515 -267 -155 76 -487 -596 -917
5 1,379 -176 -248 -584 -72 177 10
Net Cash Flow 0 271 -211 -45 3 20 56 -79

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROCE % -9% 7% 7% 13% 13% 14% 10%
Debtor Days 35 31 27 19 13 13 10
Inventory Turnover 3.47 1.83 1.73 1.87 1.93 2.10 1.88

Shareholding Pattern

Numbers in percentages

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
53.50 53.50 53.48 53.48 53.43 45.89 45.86 45.78 45.78 20.39 20.39 20.39
14.94 15.21 15.19 15.09 13.40 22.01 22.67 22.75 22.92 21.14 20.36 19.97
16.16 16.23 16.47 16.88 19.78 19.38 18.93 18.79 18.55 14.03 13.99 13.98
15.39 15.06 14.86 14.55 13.40 12.72 12.54 12.51 12.58 44.26 45.08 45.48
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.18 0.18 0.18 0.18 0.18

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