Future Retail Ltd

Future Retail Ltd

₹ 2.70 -5.26%
19 Feb - close price
About

Future Retail Limited (FRL), the flagship company of the Future Group (one of India’s largest retailers), is engaged mainly in retailing of fashion, household and consumer products Kishore Biyani is the founder and Group CEO of Future Group. [1]

Key Points

Brand Reputation
Big Bazaar is their flagship chain. FRL’s small store neighborhood retail chains like EasyDay Club and Heritage Fresh operate closer to the home of customers and offer member-customers a range of services. [1]
Big Bazaar and fbb continue to be the most recalled retail brands and have maintained their lead for the last decade or so. [2]

  • Market Cap 146 Cr.
  • Current Price 2.70
  • High / Low 3.95 / 2.00
  • Stock P/E
  • Book Value -20.6
  • Dividend Yield 0.00 %
  • ROCE -13.7 %
  • ROE -134 %
  • Face Value 2.00

Pros

  • Company is expected to give good quarter

Cons

  • Company has low interest coverage ratio.
  • Promoter holding has decreased over last quarter: -3.92%
  • The company has delivered a poor sales growth of -1.77% over past five years.
  • Promoter holding is low: 14.3%
  • Company has a low return on equity of -24.1% over last 3 years.
  • Contingent liabilities of Rs.1,595 Cr.
  • Promoters have pledged 31.1% of their holding.
  • Working capital days have increased from 133 days to 236 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.

Peer comparison

Sector: Retail Industry: Trading

Loading peers table ...

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021
5,301 5,397 5,149 5,394 5,130 4,445 1,355 1,417 1,486 2,002 1,406 2,347 2,786
5,023 5,106 4,517 4,719 4,433 4,465 1,498 1,432 1,604 2,293 1,801 2,705 3,131
Operating Profit 278 291 633 675 696 -20 -143 -15 -117 -291 -395 -359 -345
OPM % 5% 5% 12% 13% 14% -0% -11% -1% -8% -15% -28% -15% -12%
5 6 9 21 15 39 92 47 27 10 1 2 5
Interest 56 61 239 263 269 222 271 355 397 420 350 360 340
Depreciation 25 32 240 261 271 269 231 363 354 380 404 403 399
Profit before tax 201 203 162 171 171 -471 -553 -686 -841 -1,080 -1,147 -1,120 -1,078
Tax % 0% 0% 0% 0% 0% 0% 0% 0% 0% -2% 0% 0% 0%
201 203 162 171 171 -471 -553 -686 -841 -1,100 -1,147 -1,120 -1,078
EPS in Rs 4.01 4.04 3.23 3.41 3.40 -8.92 -10.20 -12.64 -15.51 -20.29 -21.16 -20.65 -19.88
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Dec 2012 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 TTM
1,578 2,343 1,779 6,845 17,075 18,478 20,165 20,118 6,261 8,541
2,065 2,931 2,148 6,762 16,494 17,644 19,119 18,041 6,814 9,931
Operating Profit -487 -588 -368 83 581 834 1,045 2,077 -553 -1,390
OPM % -31% -25% -21% 1% 3% 5% 5% 10% -9% -16%
4 405 54 18 24 -594 12 -9 164 19
Interest 18 71 20 50 204 175 224 993 1,442 1,469
Depreciation 37 61 44 37 33 53 101 1,041 1,328 1,585
Profit before tax -538 -315 -379 15 368 11 733 34 -3,160 -4,425
Tax % 0% 0% 0% 0% 0% 0% 0% 0% -1%
-538 -315 -379 15 368 11 733 34 -3,180 -4,445
EPS in Rs -10.10 -2.25 -2.71 0.09 7.81 0.23 14.58 0.64 -58.64 -81.98
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: -2%
3 Years: -30%
TTM: -2%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: -74%
Stock Price CAGR
10 Years: %
5 Years: -64%
3 Years: -67%
1 Year: -13%
Return on Equity
10 Years: %
5 Years: -9%
3 Years: -24%
Last Year: -134%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Dec 2012 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Sep 2021
Equity Capital 533 1,399 1,399 9 94 100 101 105 108 108
Reserves -1,522 -1,441 -1,687 1,865 2,459 2,996 3,751 3,427 1,091 -1,226
627 183 390 1,122 1,079 1,286 2,657 8,889 11,196 13,811
858 377 356 2,589 3,305 3,812 4,019 8,857 6,491 4,915
Total Liabilities 496 517 458 5,585 6,938 8,194 10,528 21,279 18,885 17,608
184 143 135 261 554 1,019 1,441 3,372 6,842 6,033
CWIP 39 47 43 0 12 34 190 4,096 74 77
Investments 0 0 0 0 0 0 104 114 114 114
273 327 280 5,325 6,372 7,142 8,793 13,697 11,855 11,383
Total Assets 496 517 458 5,585 6,938 8,194 10,528 21,279 18,885 17,608

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Dec 2012 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
-136 -704 -284 262 197 632 -302 -1,837 -155
-81 -61 -50 -170 -70 -455 -774 -4,420 -66
236 750 320 -11 -88 -130 1,106 6,139 166
Net Cash Flow 19 -15 -14 81 39 47 30 -118 -55

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Dec 2012 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
Debtor Days 0 0 0 6 5 5 6 12 24
Inventory Days 37 37 50 238 106 117 125 128 292
Days Payable 161 26 39 159 79 91 89 134 300
Cash Conversion Cycle -123 11 12 85 32 31 42 6 15
Working Capital Days -124 5 1 125 59 56 71 92 236
ROCE % -283% 4% 17% 20% 18% 12% -14%

Shareholding Pattern

Numbers in percentages

Jun 2019Sep 2019Dec 2019Mar 2020Jun 2020Sep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022
47.02% 47.02% 47.02% 40.31% 41.73% 33.86% 28.00% 20.56% 19.86% 19.86% 18.24% 14.31%
13.66% 12.90% 12.60% 12.00% 10.98% 4.39% 2.91% 2.60% 2.91% 2.97% 2.85% 2.60%
15.58% 15.20% 14.15% 12.91% 11.09% 6.46% 6.06% 6.08% 6.07% 6.07% 7.21% 6.61%
23.74% 24.88% 26.24% 34.78% 36.20% 55.29% 63.03% 70.76% 71.16% 71.10% 71.70% 76.48%
No. of Shareholders 53,71753,11553,90659,5161,21,7604,05,6204,08,4454,04,9134,12,7744,02,3284,02,0054,12,430

* 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.

Documents

Concalls