Future Enterprises Ltd

Future Enterp. Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Future Enterprises Ltd

₹ 0.71 -2.74%
22 Nov - close price
felindia.in BSE: 523574 NSE: FEL
About

Incorporated in 1987, Future Enterprises Ltd is in the business of manufacturing, trading and leasing of assets[1]

Key Points

Business Overview:[1][2]
FEL (previously Future Retail Ltd) is a part of Future Group and houses their physical assets (store formats of erstwhile FRL and Bharti Retail Limited including all the infrastructure assets situated in the stores) and some strategic investments in companies. It is into manufacturing and trading of men’s wear, women’s wear and kid’s wear in denim segment. FEL is also the holding company for future group’s various other businesses. It develops, owns and leases the retail infra for the Group. Company also holds the Group’s investments in subsidiaries, joint ventures including insurance, textile manufacturing, supply chain and logistics.

Website BSE NSE - BZ
  • Market Cap ₹ 52.8 Cr.
  • Current Price ₹ 0.71
  • High / Low ₹ 1.10 / 0.60
  • Stock P/E
  • Book Value ₹ -9.41
  • Dividend Yield 0.00 %
  • ROCE -10.8 %
  • ROE %
  • Face Value ₹ 2.00
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Pros

  • Company has reduced debt.
  • Debtor days have improved from 435 to 105 days.

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -52.2% over past five years.
  • Promoter holding is low: 16.4%
  • Promoters have pledged 61.4% of their holding.
  • Promoter holding has decreased over last 3 years: -34.4%

* 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

Standalone Figures in Rs. Crores / View Consolidated

Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023
344 67 117 324 379 290 514 388 322 62 24 11 8
323 60 92 292 318 259 493 369 671 77 32 19 1,342
Operating Profit 21 7 25 32 60 31 22 19 -350 -15 -8 -8 -1,334
OPM % 6% 11% 22% 10% 16% 11% 4% 5% -109% -25% -32% -74% -16,906%
22 115 13 5 0 5 7 5 -856 1,040 0 4 1
Interest 171 175 175 185 183 179 154 172 177 3 4 4 3
Depreciation 205 226 121 132 130 133 133 131 127 86 86 86 86
Profit before tax -334 -279 -258 -280 -252 -276 -259 -280 -1,510 935 -98 -94 -1,422
Tax % -12% 0% 0% 0% -7% 0% 0% 0% 0% 0% 0% 0% 0%
-295 -279 -258 -280 -234 -276 -259 -280 -1,510 935 -98 -94 -1,422
EPS in Rs -6.48 -6.14 -5.67 -6.15 -5.14 -6.07 -5.69 -6.15 -33.19 20.56 -2.15 -2.06 -31.26
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Jun 2011 Dec 2012 18m Mar 2014 15m Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
4,101 6,988 11,577 10,342 8,358 3,782 4,185 4,566 4,043 887 1,514 105
3,677 6,182 10,482 9,183 7,313 2,795 3,087 3,233 2,900 751 1,792 1,470
Operating Profit 424 806 1,095 1,159 1,045 987 1,097 1,333 1,144 136 -279 -1,365
OPM % 10% 12% 9% 11% 12% 26% 26% 29% 28% 15% -18% -1,306%
11 255 3 84 25 198 151 22 27 123 -839 1,046
Interest 174 460 693 669 497 508 568 583 636 717 682 15
Depreciation 146 312 404 513 547 633 698 769 861 610 524 343
Profit before tax 115 288 1 61 27 44 -19 2 -325 -1,068 -2,325 -678
Tax % 34% 5% -121% -21% 21% 0% -35% -972% -11% -2% 0% 0%
77 273 3 74 21 44 -12 24 -288 -1,050 -2,325 -678
EPS in Rs 2.35 7.80 0.08 1.91 0.55 1.00 -0.27 0.53 -6.34 -23.08 -51.10 -14.90
Dividend Payout % 25% 9% 495% 34% 20% 22% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: -34%
5 Years: -52%
3 Years: -70%
TTM: -93%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: 54%
Stock Price CAGR
10 Years: -25%
5 Years: -50%
3 Years: -57%
1 Year: -29%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: %

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Jun 2011 Dec 2012 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Equity Capital 43 46 46 83 86 95 99 99 99 99 99 99
Reserves 2,671 3,276 3,205 5,092 3,377 3,715 3,812 3,860 3,532 2,475 152 -527
2,092 3,507 6,268 4,823 4,825 5,096 5,731 6,441 5,920 6,343 7,005 5,396
1,529 1,773 1,932 2,619 1,349 1,328 1,261 1,670 4,203 1,275 742 727
Total Liabilities 6,335 8,603 11,451 12,616 9,637 10,233 10,903 12,070 13,753 10,191 7,997 5,695
1,467 2,283 4,340 4,832 5,279 5,848 6,439 7,001 7,492 4,027 3,457 3,102
CWIP 100 210 364 275 420 386 583 522 624 92 0 0
Investments 2,251 2,280 1,350 1,295 1,417 1,404 1,121 1,152 1,278 1,203 1,028 801
2,517 3,830 5,398 6,215 2,520 2,594 2,760 3,394 4,359 4,869 3,513 1,792
Total Assets 6,335 8,603 11,451 12,616 9,637 10,233 10,903 12,070 13,753 10,191 7,997 5,695

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Jun 2011 Dec 2012 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
142 -5 -72 966 979 782 862 1,089 2,826 -3,368 232 1,072
-780 -1,036 -1,752 -793 -1,307 -664 -1,034 -1,271 -1,540 3,556 19 552
662 997 1,889 -226 341 -140 157 178 -1,297 -160 -280 -1,625
Net Cash Flow 24 -45 65 -53 13 -22 -15 -5 -12 28 -29 -2

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Jun 2011 Dec 2012 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 16 9 10 14 11 35 43 43 137 849 350 105
Inventory Days 243 176 134 174 52 119 135 150 162 607 85 76
Days Payable 129 67 53 101 39 65 60 79 126 411 156 374
Cash Conversion Cycle 129 118 91 87 24 89 117 113 172 1,044 279 -193
Working Capital Days 79 62 80 92 36 134 142 128 -27 658 489 -1,780
ROCE % 7% 9% 9% 7% 6% 5% 5% 6% 3% -5% -10% -11%

Shareholding Pattern

Numbers in percentages

Jun 2020Sep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023
50.11% 43.29% 37.09% 20.61% 20.61% 20.61% 18.88% 17.03% 16.37% 16.37% 16.37% 16.37%
1.17% 0.49% 0.19% 0.19% 0.19% 0.19% 0.19% 0.19% 0.02% 0.02% 0.02% 0.02%
2.66% 6.45% 5.96% 5.95% 5.95% 5.25% 4.96% 0.57% 0.58% 0.58% 0.58% 0.58%
46.07% 49.76% 56.76% 73.25% 73.25% 73.95% 75.97% 82.21% 83.03% 83.03% 83.02% 83.03%
No. of Shareholders 54,1471,06,1661,08,6391,05,5431,05,9231,04,7771,07,7421,22,8461,32,0571,38,4981,38,9081,39,941

* 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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Documents

Announcements

Annual reports

Credit ratings

Concalls

  • Aug 2020
    Transcript
    Notes
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