Future Retail Ltd
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]
- Market Cap ₹ 124 Cr.
- Current Price ₹ 2.28
- High / Low ₹ 3.86 / 1.90
- Stock P/E
- Book Value ₹ -22.5
- Dividend Yield 0.00 %
- ROCE -12.2 %
- ROE -140 %
- Face Value ₹ 2.00
Pros
- Company is expected to give good quarter
Cons
- Company has low interest coverage ratio.
- Contingent liabilities of Rs.1,619 Cr.
- Working capital days have increased from 129 days to 228 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.
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2019 | Mar 2020 | Mar 2021 | TTM | |
|---|---|---|---|---|
| 20,333 | 20,332 | 6,304 | 8,615 | |
| 19,288 | 18,187 | 6,863 | 9,974 | |
| Operating Profit | 1,045 | 2,145 | -559 | -1,359 |
| OPM % | 5% | 11% | -9% | -16% |
| 15 | -6 | 245 | 84 | |
| Interest | 228 | 1,026 | 1,471 | 1,491 |
| Depreciation | 104 | 1,099 | 1,383 | 1,629 |
| Profit before tax | 727 | 14 | -3,168 | -4,395 |
| Tax % | 0% | 20% | 1% | |
| 727 | 11 | -3,190 | -4,416 | |
| EPS in Rs | 14.47 | 0.22 | -58.82 | -81.43 |
| Dividend Payout % | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | -2% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | -71% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | -63% |
| 3 Years: | -64% |
| 1 Year: | -23% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| Last Year: | -140% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2019 | Mar 2020 | Mar 2021 | Sep 2021 | |
|---|---|---|---|---|
| Equity Capital | 101 | 105 | 108 | 108 |
| Reserves | 3,746 | 3,332 | 985 | -1,329 |
| 2,657 | 10,813 | 12,204 | 13,880 | |
| 4,083 | 7,288 | 5,728 | 5,068 | |
| Total Liabilities | 10,587 | 21,538 | 19,025 | 17,727 |
| 1,525 | 3,646 | 7,026 | 6,197 | |
| CWIP | 190 | 4,097 | 74 | 78 |
| Investments | 4 | 0 | 0 | 0 |
| 8,868 | 13,795 | 11,925 | 11,451 | |
| Total Assets | 10,587 | 21,538 | 19,025 | 17,727 |
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 | |
|---|---|---|---|
| Debtor Days | 6 | 12 | 24 |
| Inventory Days | 125 | 128 | 291 |
| Days Payable | 89 | 134 | 302 |
| Cash Conversion Cycle | 42 | 6 | 13 |
| Working Capital Days | 71 | 89 | 228 |
| ROCE % | 11% | -12% |
Documents
Announcements
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Corporate Insolvency Resolution Process (CIRP)-Liquidation - Corporate Insolvency Resolution Process (CIRP)
7 Nov - Third Stakeholder Consultation Committee meeting held.
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Corporate Insolvency Resolution Process (CIRP)-Liquidation - Corporate Insolvency Resolution Process (CIRP)
7 Nov - Second Stakeholder Consultation Committee meeting held.
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Corporate Insolvency Resolution Process (CIRP)-Liquidation - Corporate Insolvency Resolution Process (CIRP)
7 Nov - First Stakeholder Consultation Committee meeting held.
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Corporate Insolvency Resolution Process (CIRP)-Liquidation - Corporate Insolvency Resolution Process (CIRP)
31 Jul - Future Retail Limited admitted for liquidation by NCLT.
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Rejection Of Resolution Plan Submitted By Space Mantra
25 Jul - Future Retail's revised resolution plan not approved.
Annual reports
Concalls
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Mar 2020TranscriptNotesPPT
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Feb 2020TranscriptNotesPPT
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Dec 2019TranscriptNotesPPT
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Dec 2019TranscriptNotesPPT
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Nov 2019TranscriptNotesPPT
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Jul 2019TranscriptNotesPPT
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May 2019TranscriptNotesPPT
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Feb 2019TranscriptNotesPPT
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Nov 2018TranscriptNotesPPT
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May 2018TranscriptNotesPPT
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Feb 2018TranscriptNotesPPT
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Nov 2017TranscriptNotesPPT
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Aug 2017TranscriptNotesPPT
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May 2017TranscriptNotesPPT
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Feb 2017TranscriptNotesPPT
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Dec 2016TranscriptNotesPPT
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Dec 2016TranscriptNotesPPT
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Aug 2016TranscriptNotesPPT
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]