Future Market Networks Ltd

Future Market Networks Ltd

₹ 10.5 -0.19%
05 Jun - close price
About

Incorporated in 2008, Future Market Networks Ltd is in the business of leasing out of commercial units / shops.[1]

Key Points

Business Overview:[1]
FMNL is engaged in building capacity and infrastructure for future markets. It works to create a network of new markets by integrating
and organizing wholesale trade, retail, and logistics infrastructure in India.

  • Market Cap 63.6 Cr.
  • Current Price 10.5
  • High / Low 19.4 / 6.59
  • Stock P/E 7.60
  • Book Value 20.6
  • Dividend Yield 0.00 %
  • ROCE 9.10 %
  • ROE 7.00 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Stock is trading at 0.51 times its book value
  • Company has delivered good profit growth of 19.4% CAGR over last 5 years
  • Promoter holding has increased by 1.56% over last quarter.

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 6.32% over past five years.
  • Tax rate seems low
  • Company has a low return on equity of 1.06% over last 3 years.
  • Promoters have pledged 84.3% of their holding.
  • Working capital days have increased from -138 days to 71.8 days

* 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
23.74 19.91 21.49 20.95 20.54 22.11 23.70 23.57 21.66 21.67 21.64 21.96 22.44
31.90 11.40 31.46 9.51 11.86 9.70 10.32 12.23 18.32 9.99 11.69 10.18 11.65
Operating Profit -8.16 8.51 -9.97 11.44 8.68 12.41 13.38 11.34 3.34 11.68 9.95 11.78 10.79
OPM % -34.37% 42.74% -46.39% 54.61% 42.26% 56.13% 56.46% 48.11% 15.42% 53.90% 45.98% 53.64% 48.08%
-18.04 10.50 1.18 1.05 1.88 77.26 1.15 2.15 -17.64 1.53 5.30 2.11 2.05
Interest 4.07 3.93 3.81 3.62 3.34 3.11 2.94 2.79 2.35 4.53 4.30 4.01 3.75
Depreciation 3.83 3.06 3.07 3.07 3.08 3.07 3.08 3.06 3.06 7.75 7.75 7.75 7.75
Profit before tax -34.10 12.02 -15.67 5.80 4.14 83.49 8.51 7.64 -19.71 0.93 3.20 2.13 1.34
Tax % 23.23% 27.20% 6.51% 18.28% 162.56% 1.38% 14.10% 17.80% 44.29% -29.03% -7.19% -4.23% -13.43%
-42.02 8.74 -16.69 4.74 -2.59 82.34 7.31 6.28 -28.44 1.21 3.43 2.21 1.52
EPS in Rs -7.30 1.52 -2.90 0.82 -0.45 14.31 1.27 1.04 -4.69 0.20 0.57 0.36 0.25
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
72.94 80.81 82.51 79.41 126.45 121.56 64.55 80.67 86.82 82.88 91.04 87.70
62.86 57.74 67.22 60.76 87.23 69.84 41.15 39.56 58.29 42.80 48.71 43.53
Operating Profit 10.08 23.07 15.29 18.65 39.22 51.72 23.40 41.11 28.53 40.08 42.33 44.17
OPM % 13.82% 28.55% 18.53% 23.49% 31.02% 42.55% 36.25% 50.96% 32.86% 48.36% 46.50% 50.36%
12.86 18.81 29.32 34.96 18.25 49.04 -2.21 -3.45 -14.59 -6.83 61.05 11.00
Interest 49.20 46.07 42.00 23.27 19.68 29.48 20.56 20.40 19.43 14.69 11.18 16.58
Depreciation 27.04 26.83 26.14 24.86 25.12 51.14 37.29 17.62 16.60 12.28 12.26 31.01
Profit before tax -53.30 -31.02 -23.53 5.48 12.67 20.14 -36.66 -0.36 -22.09 6.28 79.94 7.58
Tax % 0.00% -215.89% 2.25% 66.97% 20.36% 45.03% -21.39% 3,338.89% 43.10% 192.36% 15.56% -10.16%
-53.30 35.95 -24.06 1.80 10.09 11.07 -28.82 -12.37 -31.62 -5.80 67.50 8.36
EPS in Rs -9.54 6.40 -4.27 0.32 1.79 1.92 -5.01 -2.15 -5.49 -1.01 11.13 1.38
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: 1%
5 Years: 6%
3 Years: 0%
TTM: -4%
Compounded Profit Growth
10 Years: -15%
5 Years: 19%
3 Years: 34%
TTM: -58%
Stock Price CAGR
10 Years: -6%
5 Years: -8%
3 Years: 29%
1 Year: -27%
Return on Equity
10 Years: -6%
5 Years: -3%
3 Years: 1%
Last Year: 7%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 55.85 56.17 56.29 56.29 56.29 57.54 57.54 57.54 57.54 57.54 60.64 63.64
Reserves 138.93 142.97 136.01 137.52 134.09 110.56 68.70 15.78 -16.04 -22.67 53.57 61.05
377.62 340.42 300.88 205.48 148.53 211.81 184.10 265.34 235.69 115.27 163.18 129.06
291.34 275.69 205.80 266.13 249.85 301.08 270.05 181.67 172.89 146.22 41.87 34.35
Total Liabilities 863.74 815.25 698.98 665.42 588.76 680.99 580.39 520.33 450.08 296.36 319.26 288.10
280.86 167.77 208.43 185.07 166.32 287.76 223.42 202.44 185.90 92.96 134.04 103.21
CWIP 14.55 9.47 0.00 0.00 0.83 6.16 0.64 0.86 1.86 1.86 0.00 0.00
Investments 207.04 267.30 117.67 134.84 98.78 104.18 95.03 102.17 102.10 59.50 63.75 58.98
361.29 370.71 372.88 345.51 322.83 282.89 261.30 214.86 160.22 142.04 121.47 125.91
Total Assets 863.74 815.25 698.98 665.42 588.76 680.99 580.39 520.33 450.08 296.36 319.26 288.10

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
108.14 3.64 -10.49 77.91 -7.88 -63.70 -29.96 -62.13 58.82 0.97 -40.87 39.02
1.65 47.19 79.40 39.49 61.01 107.30 65.03 21.77 -0.19 -1.91 -15.46 7.70
-116.87 -51.34 -64.32 -104.43 -59.29 -37.38 -33.56 38.04 -36.33 -20.30 48.45 -48.18
Net Cash Flow -7.08 -0.51 4.58 12.97 -6.16 6.23 1.51 -2.32 22.30 -21.24 -7.89 -1.46
Free Cash Flow 101.84 -62.42 11.68 102.00 -14.88 3.06 -7.52 -59.07 57.72 0.49 -41.36 38.85
CFO/OP 1,073% 5% -131% 420% -12% -117% -145% -147% 193% 3% -89% 95%

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 144.72 123.04 60.25 72.30 30.34 108.61 137.63 77.64 71.13 38.05 29.35 30.76
Inventory Days
Days Payable
Cash Conversion Cycle 144.72 123.04 60.25 72.30 30.34 108.61 137.63 77.64 71.13 38.05 29.35 30.76
Working Capital Days -459.03 -989.76 -829.40 -734.83 -527.34 -480.81 -901.95 -423.91 -602.87 -493.86 7.34 71.75
ROCE % -0.62% 4.25% 3.74% 3.22% 7.75% 2.75% -1.95% 8.71% 5.80% 19.34% 16.31% 9.10%

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.
Logistics & Warehousing Development Portfolio
Million Sq. Ft.
Number of Actively Managed Malls
Count
Number of Material Lease Customers (>10% Revenue)
Count

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

1 Recently
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
65.31% 65.31% 65.31% 65.31% 65.31% 65.31% 66.92% 66.92% 66.92% 66.92% 66.92% 68.48%
0.05% 0.05% 0.05% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
34.64% 34.63% 34.63% 34.69% 34.69% 34.68% 33.06% 33.07% 33.08% 33.08% 33.07% 31.53%
No. of Shareholders 28,55129,13629,15229,69431,32132,16630,48430,23629,80629,42129,30128,924

* 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.

Click on the line-items to see the names of individual entities.

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