Future Market Networks Ltd
Incorporated in 2008, Future Market Networks Ltd is in the business of Mall Management[1]
- Market Cap ₹ 47.4 Cr.
- Current Price ₹ 7.81
- High / Low ₹ 19.4 / 6.59
- Stock P/E
- Book Value ₹ 19.6
- Dividend Yield 0.00 %
- ROCE 16.3 %
- ROE 26.8 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 0.40 times its book value
- Debtor days have improved from 46.2 to 29.4 days.
Cons
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of -5.62% over past five years.
- Company has a low return on equity of -15.6% over last 3 years.
- Promoters have pledged 90.6% of their holding.
* 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.
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 77 | 73 | 81 | 83 | 79 | 126 | 122 | 65 | 81 | 87 | 83 | 91 | 87 | |
| 79 | 63 | 58 | 67 | 61 | 87 | 70 | 41 | 40 | 58 | 43 | 49 | 50 | |
| Operating Profit | -2 | 10 | 23 | 15 | 19 | 39 | 52 | 23 | 41 | 29 | 40 | 42 | 37 |
| OPM % | -2% | 14% | 29% | 19% | 23% | 31% | 43% | 36% | 51% | 33% | 48% | 46% | 42% |
| 5 | 13 | 19 | 29 | 35 | 18 | 49 | -2 | -3 | -15 | -7 | 61 | -9 | |
| Interest | 52 | 49 | 46 | 42 | 23 | 20 | 29 | 21 | 20 | 19 | 15 | 11 | 15 |
| Depreciation | 18 | 27 | 27 | 26 | 25 | 25 | 51 | 37 | 18 | 17 | 12 | 12 | 26 |
| Profit before tax | -66 | -53 | -31 | -24 | 5 | 13 | 20 | -37 | -0 | -22 | 6 | 80 | -13 |
| Tax % | 0% | 0% | -216% | 2% | 67% | 20% | 45% | -21% | 3,339% | 43% | 192% | 16% | |
| -66 | -53 | 36 | -24 | 2 | 10 | 11 | -29 | -12 | -32 | -6 | 68 | -22 | |
| EPS in Rs | -11.79 | -9.54 | 6.40 | -4.27 | 0.32 | 1.79 | 1.92 | -5.01 | -2.15 | -5.49 | -1.01 | 11.13 | -3.56 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 2% |
| 5 Years: | -6% |
| 3 Years: | 4% |
| TTM: | -3% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 9% |
| 5 Years: | 26% |
| 3 Years: | 36% |
| TTM: | -160% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | -11% |
| 5 Years: | -9% |
| 3 Years: | 24% |
| 1 Year: | -50% |
| Return on Equity | |
|---|---|
| 10 Years: | -3% |
| 5 Years: | -9% |
| 3 Years: | -16% |
| Last Year: | 27% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 56 | 56 | 56 | 56 | 56 | 56 | 58 | 58 | 58 | 58 | 58 | 61 | 61 |
| Reserves | 192 | 139 | 143 | 136 | 138 | 134 | 111 | 69 | 16 | -16 | -23 | 54 | 58 |
| 510 | 378 | 340 | 301 | 205 | 149 | 212 | 184 | 265 | 236 | 115 | 163 | 148 | |
| 143 | 291 | 276 | 206 | 266 | 250 | 301 | 270 | 182 | 173 | 146 | 42 | 41 | |
| Total Liabilities | 901 | 864 | 815 | 699 | 665 | 589 | 681 | 580 | 520 | 450 | 296 | 319 | 308 |
| 307 | 281 | 168 | 208 | 185 | 166 | 288 | 223 | 202 | 186 | 93 | 134 | 119 | |
| CWIP | 9 | 15 | 9 | 0 | 0 | 1 | 6 | 1 | 1 | 2 | 2 | 0 | 0 |
| Investments | 204 | 207 | 267 | 118 | 135 | 99 | 104 | 95 | 102 | 102 | 60 | 64 | 59 |
| 381 | 361 | 371 | 373 | 346 | 323 | 283 | 261 | 215 | 160 | 142 | 121 | 131 | |
| Total Assets | 901 | 864 | 815 | 699 | 665 | 589 | 681 | 580 | 520 | 450 | 296 | 319 | 308 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| -27 | 108 | 4 | -10 | 78 | -8 | -64 | -30 | -62 | 59 | 1 | -41 | |
| 21 | 2 | 47 | 79 | 39 | 61 | 107 | 65 | 22 | -0 | -2 | -15 | |
| 13 | -117 | -51 | -64 | -104 | -59 | -37 | -34 | 38 | -36 | -20 | 48 | |
| Net Cash Flow | 8 | -7 | -1 | 5 | 13 | -6 | 6 | 2 | -2 | 22 | -21 | -8 |
| Free Cash Flow | -24 | 102 | -62 | 12 | 102 | -15 | 3 | -8 | -59 | 58 | 0 | -41 |
| CFO/OP | 1,698% | 1,073% | 5% | -131% | 420% | -12% | -117% | -145% | -147% | 193% | 3% | -89% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 200 | 145 | 123 | 60 | 72 | 30 | 109 | 138 | 78 | 71 | 38 | 29 |
| Inventory Days | ||||||||||||
| Days Payable | ||||||||||||
| Cash Conversion Cycle | 200 | 145 | 123 | 60 | 72 | 30 | 109 | 138 | 78 | 71 | 38 | 29 |
| Working Capital Days | -720 | -459 | -990 | -829 | -735 | -527 | -481 | -902 | -424 | -603 | -494 | 7 |
| ROCE % | -2% | -1% | 4% | 4% | 3% | 8% | 3% | -2% | 9% | 6% | 19% | 16% |
Insights
In beta| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Managed Retail Space Million Sq. Ft. |
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| Directly Managed/Owned Retail Space (Standalone) Million Sq. Ft. |
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| Logistics & Warehousing Development Portfolio Million Sq. Ft. |
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| Number of Actively Managed Malls Count |
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| Number of Material Lease Customers (>10% Revenue) Count |
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Documents
Announcements
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Disclosure Under Regulation 7(2) Of SEBI (Prohibition Of Insider Trading) Regulations, 2015.
2d - Promoter M/s Surplus Finvest submitted Regulation 7(2) SEBI insider trading disclosure on March 30, 2026.
- Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011 30 Mar
-
Announcement under Regulation 30 (LODR)-Allotment
27 Mar - Surplus Finvest converted 30,00,000 warrants into 30,00,000 equity shares at Rs11.21 each, totaling Rs3,36,30,000 on Mar 27, 2026.
-
Closure of Trading Window
25 Mar - Trading window closed from April 1, 2026 until 48 hours after audited results for March 31, 2026.
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
11 Feb - Newspaper Advertisement pertaining to the Unaudited Financial Results for the quarter and nine months ended December 31, 2025
Annual reports
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Financial Year 2025
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
from bse
Business Overview:[1][2]
Company, as a part of Future Group, works towards building capacity and organizing of modern wholesale trade, retail and logistics infrastructure in India. It aims to amend the wholesale infrastructure, improve the supply chain and clear logistics bottlenecks to bridge the gap between demand and supply