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 1,542 Cr.
  • Current Price 76.4
  • High / Low 170 / 46.5
  • Stock P/E
  • Book Value 51.0
  • Dividend Yield 0.00 %
  • ROCE 11.2 %
  • ROE -1.41 %
  • Face Value 2.00

Pros

Cons

  • Company has low interest coverage ratio.
  • Promoter holding is low: 20.40%
  • Company has a low return on equity of 7.42% for last 3 years.
  • Promoters have pledged 99.51% of their holding.
  • 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

Consolidated Figures in Rs. Crores / View Standalone

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
1,319 1,336 1,692 1,381 1,540 1,572 1,742 1,443 86 409 950
1,208 1,218 1,526 1,257 1,282 1,314 1,421 1,295 196 461 908
Operating Profit 111 118 166 124 259 257 321 148 -110 -52 42
OPM % 8% 9% 10% 9% 17% 16% 18% 10% -128% -13% 4%
Other Income 9 7 12 20 11 11 11 -47 11 15 13
Interest 29 26 28 32 71 75 66 93 82 87 88
Depreciation 47 45 54 59 158 173 179 192 171 138 144
Profit before tax 44 54 97 53 40 21 87 -183 -353 -263 -176
Tax % 40% 35% 33% -41% 39% 43% 32% 19% -0% 2% 1%
Net Profit 26 35 65 75 25 12 59 -149 -353 -258 -174
EPS in Rs 1.35 1.81 3.32 3.84 1.26 0.59 2.94 -7.37 -17.49 -12.78 -8.60

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017 Mar 2018 Mar 2019 Mar 2020 TTM
3,893 4,912 5,728 6,297 2,888
3,563 4,477 5,174 5,270 2,860
Operating Profit 329 436 554 1,027 29
OPM % 8% 9% 10% 16% 1%
Other Income 93 12 10 -55 -8
Interest 123 108 117 306 350
Depreciation 89 154 207 702 645
Profit before tax 210 186 240 -36 -975
Tax % 49% 32% 19% -50%
Net Profit 76 126 189 -53 -933
EPS in Rs 4.01 6.62 9.71 -2.63 -46.24
Dividend Payout % 20% 18% 14% 0%
Compounded Sales Growth
10 Years:%
5 Years:%
3 Years:17%
TTM:-54%
Compounded Profit Growth
10 Years:%
5 Years:%
3 Years:%
TTM:-599%
Stock Price CAGR
10 Years:%
5 Years:-8%
3 Years:-44%
1 Year:-52%
Return on Equity
10 Years:%
5 Years:%
3 Years:7%
Last Year:-1%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Sep 2020
38 38 39 40 40
Reserves 1,170 1,317 1,613 1,597 988
Borrowings 682 783 904 2,757 1,186
1,718 1,660 2,505 2,904 4,591
Total Liabilities 3,608 3,798 5,061 7,298 6,804
740 924 1,274 2,675 2,417
CWIP 190 290 158 178 185
Investments 216 217 349 345 346
2,462 2,366 3,280 4,099 3,857
Total Assets 3,608 3,798 5,061 7,298 6,804

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017 Mar 2018 Mar 2019 Mar 2020
676 508 562 791
-245 -488 -628 -872
-428 0 146 -23
Net Cash Flow 3 21 80 -104

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROCE % 16% 16% 11%
Debtor Days 28 23 25 22
Inventory Turnover 1.98 2.18 1.90

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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