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Last Updated: August 1, 2025, 12:05 pm
Author: Getaka|Social: XLinkedIn

Future Market Networks Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹292.49Undervalued by 12,728.51%vs CMP ₹2.28

P/E (15.0) × ROE (116.0%) × BV (₹20.60) × DY (2.00%)

Defaults: P/E=15

₹119.04Undervalued by 5,121.05%vs CMP ₹2.28
MoS: +98.1% (Strong)Confidence: 79/100 (High)Models: All 2: Undervalued
ModelCategoryValueWeightSignal
PE-ROEEarnings₹120.8069%Under (+5198.2%)
Revenue MultipleRevenue₹115.1231%Under (+4949.1%)
Consensus (2 models)₹119.04100%Undervalued
Key Drivers: EPS CAGR -58.7% drags value — could be higher if earnings stabilize.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: -58.7% · Defaults: P/E=15

*Investments are subject to market risks

Investment Snapshot

53
Future Market Networks Ltd scores 53/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health65/100 · Strong
ROCE 13.3% GoodROE 116.0% ExcellentD/E 0.66 ModerateInterest Coverage 0.0x RiskyProfitable 4/5 years Consistent
Smart Money50/100 · Moderate
FII holding stable No changeDII holding up 0.54% MF buyingPromoter decreased by 3.93% Caution
Earnings Quality50/100 · Moderate
OPM contracting (5% → 1%) DecliningWorking capital: -140 days (improving) Efficient
Quarterly Momentum40/100 · Moderate
Revenue (4Q): -2% YoY FlatOPM: -12.0% (down 4.0% YoY) Margin pressure
Industry Rank50/100 · Moderate
ROCE 13.3% vs industry 11.6% AverageROE 116.0% vs industry 25.3% Above peers3Y sales CAGR: -30% Shrinking

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: August 1, 2025, 12:05 pm

Market Cap 124 Cr.
Current Price 2.28
Intrinsic Value₹119.04
High / Low /
Stock P/E
Book Value 20.6
Dividend Yield0.00 %
ROCE13.3 %
ROE116 %
Face Value 2.00
PEG Ratio0.00

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Future Market Networks Ltd

Competitors

Stock Name Market Cap Current Price High / Low Stock P/E Book Value Dividend Yield ROCE ROE Face Value
Future Market Networks Ltd 124 Cr. 2.28 / 20.60.00 %13.3 %116 % 2.00
Praxis Home Retail Ltd 103 Cr. 5.53 14.6/5.24 2.780.00 %9.63 %% 5.00
Spencers Retail Ltd 252 Cr. 28.0 72.0/24.3 87.30.00 %9.72 %% 5.00
Shoppers Stop Ltd 3,285 Cr. 298 589/267 26.10.00 %7.96 %3.39 % 5.00
V-Mart Retail Ltd 3,839 Cr. 483 962/45832.3 1060.00 %8.50 %3.08 % 10.0
Industry Average47,537.50 Cr637.3034.1378.480.00%11.59%25.33%6.00

All Competitor Stocks of Future Market Networks Ltd

Quarterly Result

MetricDec 2018Mar 2019Jun 2019Sep 2019Dec 2019Mar 2020Jun 2020Sep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021
Sales 5,3015,3975,1495,3945,1304,4451,3551,4171,4862,0021,4062,3472,786
Expenses 5,0235,1064,5174,7194,4334,4651,4981,4321,6042,2931,8012,7053,131
Operating Profit 278291633675696-20-143-15-117-291-395-359-345
OPM % 5%5%12%13%14%-0%-11%-1%-8%-15%-28%-15%-12%
Other Income 56921153992472710125
Interest 5661239263269222271355397420350360340
Depreciation 2532240261271269231363354380404403399
Profit before tax 201203162171171-471-553-686-841-1,080-1,147-1,120-1,078
Tax % 0%0%0%0%0%0%0%0%0%2%0%0%0%
Net Profit 201203162171171-471-553-686-841-1,100-1,147-1,120-1,078
EPS in Rs 4.014.043.233.413.40-8.92-10.20-12.64-15.51-20.29-21.16-20.65-19.88

Last Updated: August 20, 2025, 10:40 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: April 1, 2026, 5:00 am

MetricDec 2012Mar 2014n n n 15mMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021TTM
Sales 1,5782,3431,7796,84517,07518,47820,16520,1186,2618,541
Expenses 2,0652,9312,1486,76216,49417,64419,11918,0416,8149,931
Operating Profit -487-588-368835818341,0452,077-553-1,390
OPM % -31%-25%-21%1%3%5%5%10%-9%-16%
Other Income 4405541824-59412-916419
Interest 187120502041752249931,4421,469
Depreciation 3761443733531011,0411,3281,585
Profit before tax -538-315-379153681173334-3,160-4,425
Tax % 0%0%0%0%0%0%0%0%1%
Net Profit -538-315-379153681173334-3,180-4,445
EPS in Rs -10.10-2.25-2.710.097.810.2314.580.64-58.64-81.98
Dividend Payout % 0%0%0%0%0%0%0%0%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2015-20162016-20172017-20182018-20192019-20202020-2021
YoY Net Profit Growth (%)103.96%2353.33%-97.01%6563.64%-95.36%-9452.94%
Change in YoY Net Profit Growth (%)0.00%2249.38%-2450.34%6660.65%-6659.00%-9357.58%

Future Market Networks Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 6 years from 2015-2016 to 2020-2021.

Growth

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:-54%
3 Years:-12%
1 Year:0%
Return on Equity
10 Years:%
5 Years:-9%
3 Years:-22%
Last Year:-116%

Last Updated: September 5, 2025, 4:20 am

Balance Sheet

Last Updated: December 10, 2025, 2:40 am

MonthDec 2012Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Sep 2021
Equity Capital 5331,3991,399994100101105108108
Reserves -1,522-1,441-1,6871,8652,4592,9963,7514,1731,091-1,226
Borrowings 6271833901,1221,0791,2862,6578,88911,19613,811
Other Liabilities 8583773562,5893,3053,8124,0198,1116,4914,915
Total Liabilities 4965174585,5856,9388,19410,52821,27918,88517,608
Fixed Assets 1841431352615541,0191,4413,3726,8426,033
CWIP 394743012341904,0967477
Investments 000000104114114114
Other Assets 2733272805,3256,3727,1428,79313,69711,85511,383
Total Assets 4965174585,5856,9388,19410,52821,27918,88517,608

Reserves and Borrowings Chart

Cash Flow

MonthDec 2012Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021
Cash from Operating Activity + -136-704-284262197632-302-1,837-155
Cash from Investing Activity + -81-61-50-170-70-455-774-4,420-66
Cash from Financing Activity + 236750320-11-88-1301,1066,139166
Net Cash Flow 19-15-1481394730-118-55
Free Cash Flow -218-766-335-41110256-990-6,276-229
CFO/OP 28%119%77%320%35%78%-27%-80%30%

Free Cash Flow

MonthDec 2012Mar 2014n n n 15mMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021
Free Cash Flow-1,114.00-588.00-758.0082.00580.00833.00-1.00-6.00-564.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthDec 2012Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021
Debtor Days 00065561224
Inventory Days 373750238106117125128292
Days Payable 1612639159799189134300
Cash Conversion Cycle -123111285323142615
Working Capital Days -193-23-687436363212-140
ROCE %-283%4%17%20%18%11%-13%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthJun 2019Sep 2019Dec 2019Mar 2020Jun 2020Sep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022
Promoters 47.02%47.02%47.02%40.31%41.73%33.86%28.00%20.56%19.86%19.86%18.24%14.31%
FIIs 13.66%12.90%12.60%12.00%10.98%4.39%2.91%2.60%2.91%2.97%2.85%2.60%
DIIs 15.58%15.20%14.15%12.91%11.09%6.46%6.06%6.08%6.07%6.07%7.21%6.61%
Public 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

Shareholding Pattern Chart

No. of Shareholders

Future Market Networks Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

This stock is not held by any mutual fund.

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 21Mar 20Mar 19
FaceValue 2.002.002.00
Basic EPS (Rs.) -59.030.2314.47
Diluted EPS (Rs.) -59.030.2214.47
Cash EPS (Rs.) -33.3221.1216.54
Book Value[Excl.RevalReserv]/Share (Rs.) 20.1779.3276.53
Book Value[Incl.RevalReserv]/Share (Rs.) 20.1779.3276.53
Revenue From Operations / Share (Rs.) 116.24385.51404.55
PBDIT / Share (Rs.) -5.8040.6221.08
PBIT / Share (Rs.) -31.3019.7919.01
PBT / Share (Rs.) -58.430.3314.47
Net Profit / Share (Rs.) -58.810.2814.47
NP After MI And SOA / Share (Rs.) -58.810.2114.47
PBDIT Margin (%) -4.9910.535.21
PBIT Margin (%) -26.925.134.69
PBT Margin (%) -50.260.083.57
Net Profit Margin (%) -50.590.073.57
NP After MI And SOA Margin (%) -50.590.053.57
Return on Networth / Equity (%) -291.610.2718.90
Return on Capital Employeed (%) -25.839.8821.57
Return On Assets (%) -16.760.056.86
Long Term Debt / Equity (X) 4.011.040.09
Total Debt / Equity (X) 9.902.090.66
Asset Turnover Ratio (%) 0.301.260.00
Current Ratio (X) 0.801.071.33
Quick Ratio (X) 0.480.580.50
Interest Coverage Ratio (X) -0.212.094.64
Interest Coverage Ratio (Post Tax) (X) -1.171.014.19
Enterprise Value (Cr.) 13071.8212759.7425096.38
EV / Net Operating Revenue (X) 2.070.621.23
EV / EBITDA (X) -41.545.9623.69
MarketCap / Net Operating Revenue (X) 0.360.201.12
Price / BV (X) 2.120.995.93
Price / Net Operating Revenue (X) 0.360.201.12
EarningsYield -1.380.000.03

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fundamental Analysis of Future Market Networks Ltd

Future Retail Ltd. is a Public Limited Listed company incorporated on 07/02/2007 and has its registered office in the State of Maharashtra, India. Company’s Corporate Identification Number(CIN) is L51909MH2007PLC268269 and registration number is 268269. Currently Company is involved in the business activities of Retail trade, except of motor vehicles and motorcycles. Company’s Total Operating Revenue is Rs. 6261.04 Cr. and Equity Capital is Rs. 108.46 Cr. for the Year ended 31/03/2021.
INDUSTRYADDRESSCONTACT
Retail - Departmental StoresKnowledge House, Shyam Nagar, Mumbai Maharashtra 400060investorrelations@futureretail.in
https://www.futureretail.in
Management
NamePosition Held
Mr. Kishore BiyaniExecutive Chairman
Mr. Rakesh BiyaniManaging Director
Mr. Rahul GargNon Executive Director
Mr. Ravindra DhariwalIndependent Director
Ms. Gagan SinghIndependent Director
Mr. Jacob MathewIndependent Director

Future Retail Ltd. Share Price Update

Share PriceValue
Today₹2.15
Previous Day₹2.06

FAQ

What is the intrinsic value of Future Market Networks Ltd and is it undervalued?

As of 13 April 2026, Future Market Networks Ltd's intrinsic value is ₹119.04, which is 5121.05% higher than the current market price of ₹2.28, suggesting the stock is undervalued. This is calculated using the PE ratio method factoring in ROE (116 %), book value (₹20.6), dividend yield (0.00 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Future Market Networks Ltd?

Future Market Networks Ltd is trading at ₹2.28 as of 13 April 2026, with a FY2026-2027 high of ₹ and low of ₹. Market cap stands at ₹124 Cr..

How does Future Market Networks Ltd's P/E ratio compare to its industry?

Future Market Networks Ltd has a P/E ratio of , which is below the industry average of 34.13. This is broadly in line with or below the industry average.

Is Future Market Networks Ltd financially healthy?

Key indicators for Future Market Networks Ltd: ROCE of 13.3 % is moderate; ROE of 116 % shows strong shareholder returns. Dividend yield is 0.00 %.

Is Future Market Networks Ltd profitable and how is the profit trend?

Future Market Networks Ltd reported a net profit of ₹-3,180 Cr in Mar 2021 on revenue of ₹6,261 Cr. Compared to ₹11 Cr in Mar 2018, the net profit shows a declining trend.

Does Future Market Networks Ltd pay dividends?

Future Market Networks Ltd has a dividend yield of 0.00 % at the current price of ₹2.28. The company is currently not paying meaningful dividends.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Future Market Networks Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE