Future Retail Ltd

About [ edit ]

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. #

Key Points [ edit ]
  • Market Cap 3,316 Cr.
  • Current Price 61.2
  • High / Low 168 / 40.6
  • Stock P/E
  • Book Value 20.2
  • Dividend Yield 0.00 %
  • ROCE -12.5 %
  • ROE -141 %
  • Face Value 2.00

Pros

Cons

  • Company has low interest coverage ratio.
  • Promoter holding has decreased over last quarter: -0.71%
  • Promoter holding is low: 19.86%
  • Contingent liabilities of Rs.2438.87 Cr.
  • Promoters have pledged 50.40% of their holding.

Peer comparison

Sector: Retail Industry: Trading

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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 Mar 2021
4,589 4,965 5,368 5,462 5,197 5,449 5,193 4,492 1,358 1,424 1,507 2,015
4,368 4,715 5,092 5,175 4,551 4,754 4,482 4,494 1,508 1,443 1,620 2,304
Operating Profit 221 251 277 287 646 695 712 -1 -150 -18 -113 -289
OPM % 5% 5% 5% 5% 12% 13% 14% -0% -11% -1% -8% -14%
Other Income 4 6 6 7 9 21 16 40 111 65 38 42
Interest 52 55 59 62 245 273 276 231 278 362 403 428
Depreciation 21 24 26 33 251 279 286 282 245 378 368 392
Profit before tax 152 177 198 199 159 165 165 -475 -562 -692 -847 -1,067
Tax % 0% 0% 0% 0% 0% 0% 0% -1% 0% 0% 0% -2%
Net Profit 152 177 197 200 160 166 165 -479 -562 -692 -847 -1,088
EPS in Rs 3.02 3.53 3.93 3.97 3.18 3.30 3.29 -9.09 -10.36 -12.77 -15.62 -20.07

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021
20,333 20,332 6,304
19,288 18,187 6,876
Operating Profit 1,045 2,145 -572
OPM % 5% 11% -9%
Other Income 15 -6 257
Interest 228 1,026 1,471
Depreciation 104 1,099 1,383
Profit before tax 727 14 -3,168
Tax % 0% 20% -1%
Net Profit 727 12 -3,190
EPS in Rs 14.47 0.22 -58.82
Dividend Payout % 0% 0% 0%
Compounded Sales Growth
10 Years:%
5 Years:%
3 Years:%
TTM:-69%
Compounded Profit Growth
10 Years:%
5 Years:%
3 Years:%
TTM:-27667%
Stock Price CAGR
10 Years:%
5 Years:%
3 Years:-51%
1 Year:-45%
Return on Equity
10 Years:%
5 Years:%
3 Years:%
Last Year:-141%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021
101 105 108
Reserves 3,746 3,332 985
Borrowings 2,657 10,813 11,838
4,083 7,288 6,094
Total Liabilities 10,587 21,538 19,025
1,525 3,646 7,026
CWIP 190 4,097 74
Investments 4 0 0
8,868 13,795 11,925
Total Assets 10,587 21,538 19,025

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021
-340 -1,755 -113
-760 -4,405 -62
1,165 6,043 122
Net Cash Flow 64 -117 -53

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2019 Mar 2020 Mar 2021
ROCE % 11% -12%
Debtor Days 6 12 24
Inventory Turnover 2.97 1.09

Shareholding Pattern

Numbers in percentages

Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021
46.51 46.51 47.02 47.02 47.02 47.02 40.31 41.73 33.86 28.00 20.56 19.86
16.56 14.90 13.43 13.66 12.90 12.60 12.00 10.98 4.39 2.91 2.60 2.91
13.34 15.45 15.66 15.58 15.20 14.15 12.91 11.09 6.46 6.06 6.08 6.07
23.60 23.15 23.89 23.74 24.88 26.24 34.78 36.20 55.29 63.03 70.76 71.16

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