Future Market Networks Ltd

Future Market Networks Ltd

₹ 10.1 -2.04%
27 Sep - close price
About

Incorporated in 2008, Future Market Networks Ltd is in the business of Mall Management[1]

Key Points

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

  • Market Cap 58.1 Cr.
  • Current Price 10.1
  • High / Low 14.2 / 5.30
  • Stock P/E
  • Book Value 6.06
  • Dividend Yield 0.00 %
  • ROCE 19.3 %
  • ROE -67.7 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Debtor days have improved from 62.3 to 38.0 days.

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -8.10% over past five years.
  • Company has a low return on equity of -19.8% over last 3 years.
  • Promoters have pledged 97.8% of their holding.
  • Earnings include an other income of Rs.81.4 Cr.
  • Promoter holding has decreased over last 3 years: -6.26%

* 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: Miscellaneous Industry: Miscellaneous

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024
17 20 22 22 22 21 21 24 20 21 21 21 22
5 9 18 16 8 10 9 32 11 31 10 12 10
Operating Profit 12 11 4 6 14 11 12 -8 9 -10 11 9 12
OPM % 70% 56% 16% 27% 64% 53% 57% -34% 43% -46% 55% 42% 56%
1 1 1 1 1 1 2 -18 10 1 1 2 77
Interest 3 5 6 6 5 5 6 4 4 4 4 3 3
Depreciation 4 4 4 5 4 4 4 4 3 3 3 3 3
Profit before tax 6 3 -5 -4 6 3 4 -34 12 -16 6 4 83
Tax % 24% 46% 2% 238% 14% 30% -1% 23% 27% 7% 18% 163% 1%
4 2 -5 -13 5 2 4 -42 9 -17 5 -3 82
EPS in Rs 0.77 0.27 -0.92 -2.27 0.82 0.33 0.66 -7.30 1.52 -2.90 0.82 -0.45 14.31
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
110 77 73 81 83 79 126 122 65 81 87 83 85
103 79 63 58 67 61 87 70 41 40 58 43 63
Operating Profit 7 -2 10 23 15 19 39 52 23 41 29 40 23
OPM % 6% -2% 14% 29% 19% 23% 31% 43% 36% 51% 33% 48% 27%
26 5 13 19 29 35 18 49 -2 -3 -15 -7 81
Interest 56 52 49 46 42 23 20 29 21 20 19 15 14
Depreciation 17 18 27 27 26 25 25 51 37 18 17 12 12
Profit before tax -40 -66 -53 -31 -24 5 13 20 -37 -0 -22 6 78
Tax % -12% 0% 0% -216% 2% 67% 20% 45% -21% 3,339% 43% 192%
-35 -66 -53 36 -24 2 10 11 -29 -12 -32 -6 68
EPS in Rs -6.26 -11.79 -9.54 6.40 -4.27 0.32 1.79 1.92 -5.01 -2.15 -5.49 -1.01 11.78
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 1%
5 Years: -8%
3 Years: 9%
TTM: 0%
Compounded Profit Growth
10 Years: 5%
5 Years: %
3 Years: -12%
TTM: 37%
Stock Price CAGR
10 Years: -1%
5 Years: -18%
3 Years: 2%
1 Year: 67%
Return on Equity
10 Years: -7%
5 Years: -14%
3 Years: -20%
Last Year: -68%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 56 56 56 56 56 56 56 58 58 58 58 58
Reserves 258 192 139 143 136 138 134 111 69 16 -16 -23
448 510 378 340 301 205 149 212 184 265 236 115
137 143 291 276 206 266 250 301 270 182 173 146
Total Liabilities 899 901 864 815 699 665 589 681 580 520 450 296
327 307 281 168 208 185 166 288 223 202 186 93
CWIP 9 9 15 9 0 0 1 6 1 1 2 2
Investments 217 204 207 267 118 135 99 104 95 102 102 60
345 381 361 371 373 346 323 283 261 215 160 142
Total Assets 899 901 864 815 699 665 589 681 580 520 450 296

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
136 -27 108 4 -10 78 -8 -64 -30 -62 59 1
62 21 2 47 79 39 61 107 65 22 -0 -2
-197 13 -117 -51 -64 -104 -59 -37 -34 38 -36 -20
Net Cash Flow 0 8 -7 -1 5 13 -6 6 2 -2 22 -21

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 159 200 145 123 60 72 30 109 138 78 71 38
Inventory Days
Days Payable
Cash Conversion Cycle 159 200 145 123 60 72 30 109 138 78 71 38
Working Capital Days 12 74 133 -419 -170 -148 -199 -380 -702 -324 -456 -336
ROCE % 1% -2% -1% 4% 4% 3% 8% 3% -2% 9% 6% 19%

Shareholding Pattern

Numbers in percentages

Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
71.57% 71.57% 71.57% 65.31% 65.31% 65.31% 65.31% 65.31% 65.31% 65.31% 65.31% 65.31%
0.05% 0.05% 0.05% 0.05% 0.05% 0.05% 0.05% 0.05% 0.05% 0.05% 0.00% 0.00%
28.38% 28.38% 28.38% 34.63% 34.63% 34.62% 34.63% 34.64% 34.63% 34.63% 34.69% 34.69%
No. of Shareholders 22,05924,56926,77229,47529,02429,12728,66628,55129,13629,15229,69431,321

* 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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