Future Lifestyle Fashions Ltd

Future Lifestyle Fashions Ltd

₹ 2.70 1.89%
23 Feb - close price
About

Incorporated in 2012, Future Lifestyle Fashions Ltd does retailing of fashion products through departmental and neighbourhood stores[1]

Key Points

Business Overview:[1][2][3]
Company is the apparel retail venture of the Future group. It was established by combining apparel retail formats and fashion brands that were demerged from Pantaloon Retail India Ltd and Future Ventures India Ltd. Company is in the business of Branding, Manufacturing, Processing, Selling and Distribution of Fashion Products and has a portfolio of fashion brands that covers fashion categories including formal mens wear, casual wear, active or sportswear, women’s ethnic wear, women’s denim wear, women’s casual wear, footwear and accessories

  • Market Cap 54.5 Cr.
  • Current Price 2.70
  • High / Low 7.05 / 2.50
  • Stock P/E
  • Book Value -100
  • Dividend Yield 0.00 %
  • ROCE -72.6 %
  • ROE %
  • Face Value 2.00

Pros

  • Company has reduced debt.
  • Debtor days have improved from 37.8 to 25.7 days.

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -5.12% over past five years.
  • Promoter holding is low: 20.3%
  • Contingent liabilities of Rs.1,208 Cr.
  • Promoters have pledged 100% of their holding.
  • Company's cost of borrowing seems high
  • Promoter holding has decreased over last 3 years: -25.6%

* 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

Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
1,571.81 1,742.23 1,442.96 85.82 409.19 950.09 831.62 297.99 833.14 1,255.38 607.42 272.88 177.61
1,314.38 1,421.14 1,294.86 195.71 461.38 907.58 754.67 396.61 814.13 1,138.16 1,255.28 274.93 195.92
Operating Profit 257.43 321.09 148.10 -109.89 -52.19 42.51 76.95 -98.62 19.01 117.22 -647.86 -2.05 -18.31
OPM % 16.38% 18.43% 10.26% -128.05% -12.75% 4.47% 9.25% -33.10% 2.28% 9.34% -106.66% -0.75% -10.31%
11.44 11.06 -46.84 10.56 14.80 13.18 11.82 11.18 2.57 14.92 -959.36 27.87 154.16
Interest 74.77 66.35 93.08 82.06 86.82 88.10 92.70 99.12 75.07 82.96 64.40 61.45 53.34
Depreciation 173.20 178.70 191.61 171.37 138.31 143.67 145.06 167.33 165.79 161.31 118.99 100.33 90.04
Profit before tax 20.90 87.10 -183.43 -352.76 -262.52 -176.08 -148.99 -353.89 -219.28 -112.13 -1,790.61 -135.96 -7.53
Tax % 43.21% 32.03% 18.96% -0.05% 1.80% 1.41% -0.01% 1.64% 4.59% 0.41% -4.99% 0.00% 0.00%
11.87 59.20 -148.65 -352.95 -257.80 -173.60 -149.00 -348.08 -209.22 -111.67 -1,879.91 -135.96 -7.53
EPS in Rs 0.59 2.94 -7.37 -17.49 -12.78 -8.60 -7.38 -17.25 -10.37 -5.53 -93.17 -6.74 -0.37
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
3,893 4,912 5,728 6,297 2,277 2,994 2,313
3,555 4,477 5,174 5,270 2,256 3,557 2,864
Operating Profit 338 436 554 1,027 21 -563 -551
OPM % 9% 9% 10% 16% 1% -19% -24%
85 12 10 -55 9 -942 -762
Interest 123 108 117 306 350 322 262
Depreciation 89 154 207 702 598 613 471
Profit before tax 210 186 240 -36 -918 -2,440 -2,046
Tax % 49% 32% 19% -50% 1% -3%
76 126 189 -53 -933 -2,549 -2,135
EPS in Rs 4.01 6.62 9.71 -2.63 -46.26 -126.32 -105.81
Dividend Payout % 20% 18% 14% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: -5%
3 Years: -19%
TTM: -21%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: -72%
Stock Price CAGR
10 Years: -27%
5 Years: -64%
3 Years: -68%
1 Year: -49%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: %

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Sep 2022
Equity Capital 38 38 39 40 40 40 40
Reserves 1,345 1,492 1,788 1,597 661 -1,922 -2,067
Preference Capital 0 0 0 0 0 0
682 783 904 2,757 2,954 2,169 1,610
1,543 1,485 2,330 2,904 2,571 4,175 4,186
Total Liabilities 3,608 3,798 5,061 7,298 6,227 4,463 3,769
740 924 1,274 2,675 2,330 668 422
CWIP 190 290 158 178 61 59 59
Investments 216 217 349 345 323 32 32
2,462 2,366 3,280 4,099 3,513 3,705 3,256
Total Assets 3,608 3,798 5,061 7,298 6,227 4,463 3,769

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
676 508 562 791 303 683
-245 -488 -628 -872 -13 26
-428 0 146 -23 -258 -697
Net Cash Flow 3 21 80 -104 32 12

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 28 23 25 22 66 26
Inventory Days 222 190 201 219 439 224
Days Payable 181 140 178 209 464 411
Cash Conversion Cycle 70 72 48 32 41 -160
Working Capital Days 39 42 30 22 97 -89
ROCE % 14% 15% 11% -13% -73%

Shareholding Pattern

Numbers in percentages

4 Recently
Mar 2020Jun 2020Sep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022
45.78% 45.78% 20.39% 20.39% 20.39% 20.39% 20.39% 20.39% 20.39% 20.39% 20.40% 20.31%
22.75% 22.92% 21.14% 20.36% 19.97% 19.95% 20.06% 20.06% 19.99% 19.92% 19.92% 19.93%
18.79% 18.55% 14.03% 13.99% 13.98% 13.97% 13.93% 13.94% 13.93% 13.93% 11.83% 7.02%
12.51% 12.58% 44.26% 45.08% 45.48% 45.50% 45.44% 45.43% 45.51% 45.57% 47.68% 52.54%
0.18% 0.18% 0.18% 0.18% 0.18% 0.18% 0.18% 0.18% 0.18% 0.18% 0.18% 0.18%
No. of Shareholders 35,68344,31772,82073,15770,80272,40170,47468,78969,12469,80672,25675,476

* 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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