Price
Financials
Standalone, Rs crore| Mar 2019 | Jun 2019 | Sep 2019 | Dec 2019 | Mar 2020 | Jun 2020 | Sep 2020 | Dec 2020 | Mar 2021 | Jun 2021 | Sep 2021 | Dec 2021 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 5,397 | 5,149 | 5,394 | 5,130 | 4,445 | 1,355 | 1,417 | 1,486 | 2,002 | 1,406 | 2,347 | 2,786 |
| Expenses | 5,106 | 4,517 | 4,719 | 4,433 | 4,465 | 1,498 | 1,432 | 1,604 | 2,293 | 1,801 | 2,705 | 3,131 |
| Operating Profit | 291 | 633 | 675 | 696 | -20 | -143 | -15 | -117 | -291 | -395 | -359 | -345 |
| OPM % | 5% | 12% | 13% | 14% | -0.4% | -11% | -1.0% | -8% | -15% | -28% | -15% | -12% |
| Other Income | 6 | 9 | 21 | 15 | 39 | 92 | 47 | 27 | 10 | 1 | 2 | 5 |
| Interest | 61 | 239 | 263 | 269 | 222 | 271 | 355 | 397 | 420 | 350 | 360 | 340 |
| Depreciation | 32 | 240 | 261 | 271 | 269 | 231 | 363 | 354 | 380 | 404 | 403 | 399 |
| Profit before tax | 203 | 162 | 171 | 171 | -471 | -553 | -686 | -841 | -1,080 | -1,147 | -1,120 | -1,078 |
| Tax % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 2% | 0% | 0% | 0% |
| Net Profit | 203 | 162 | 171 | 171 | -471 | -553 | -686 | -841 | -1,100 | -1,147 | -1,120 | -1,078 |
| EPS in Rs | 4.04 | 3.23 | 3.41 | 3.40 | -8.92 | -10.20 | -12.64 | -15.51 | -20.29 | -21.16 | -20.65 | -19.88 |
| Dec 2012 | Mar 2014 15m | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,578 | 2,343 | 1,779 | 6,845 | 17,075 | 18,478 | 20,165 | 20,118 | 6,261 | 8,541 |
| Expenses | 2,065 | 2,931 | 2,148 | 6,762 | 16,494 | 17,644 | 19,119 | 18,041 | 6,814 | 9,931 |
| Operating Profit | -487 | -588 | -368 | 83 | 581 | 834 | 1,045 | 2,077 | -553 | -1,390 |
| OPM % | -31% | -25% | -21% | 1.2% | 3.4% | 4.5% | 5% | 10% | -9% | -16% |
| Other Income | 4 | 405 | 54 | 18 | 24 | -594 | 12 | -9 | 164 | 19 |
| Interest | 18 | 71 | 20 | 50 | 204 | 175 | 224 | 993 | 1,442 | 1,469 |
| Depreciation | 37 | 61 | 44 | 37 | 33 | 53 | 101 | 1,041 | 1,328 | 1,585 |
| Profit before tax | -538 | -315 | -379 | 15 | 368 | 11 | 733 | 34 | -3,160 | -4,425 |
| Tax % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 1% | |
| Net Profit | -538 | -315 | -379 | 15 | 368 | 11 | 733 | 34 | -3,180 | -4,445 |
| EPS in Rs | -10.10 | -2.25 | -2.71 | 0.09 | 7.81 | 0.23 | 14.58 | 0.64 | -58.64 | -81.98 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | % | -2% | -30% | -2% | ||
| Compounded Profit Growth | % | % | % | -74% | ||
| Stock Price CAGR | -34% | -46% | -11% | % | ||
| Return on Equity | % | -9% | -22% | -116% |
| Dec 2012 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Sep 2021 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 533 | 1,399 | 1,399 | 9 | 94 | 100 | 101 | 105 | 108 | 108 |
| Reserves | -1,522 | -1,441 | -1,687 | 1,865 | 2,459 | 2,996 | 3,751 | 4,173 | 1,091 | -1,226 |
| Borrowings | 627 | 183 | 390 | 1,122 | 1,079 | 1,286 | 2,657 | 8,889 | 11,196 | 13,811 |
| Other Liabilities | 858 | 377 | 356 | 2,589 | 3,305 | 3,812 | 4,019 | 8,111 | 6,491 | 4,915 |
| Total Liabilities | 496 | 517 | 458 | 5,585 | 6,938 | 8,194 | 10,528 | 21,279 | 18,885 | 17,608 |
| Fixed Assets | 184 | 143 | 135 | 261 | 554 | 1,019 | 1,441 | 3,372 | 6,842 | 6,033 |
| CWIP | 39 | 47 | 43 | 0 | 12 | 34 | 190 | 4,096 | 74 | 77 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 104 | 114 | 114 | 114 |
| Other Assets | 273 | 327 | 280 | 5,325 | 6,372 | 7,142 | 8,793 | 13,697 | 11,855 | 11,383 |
| Total Assets | 496 | 517 | 458 | 5,585 | 6,938 | 8,194 | 10,528 | 21,279 | 18,885 | 17,608 |
| Dec 2012 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | |
|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | -136 | -704 | -284 | 262 | 197 | 632 | -302 | -1,837 | -155 |
| Cash from Investing Activity | -81 | -61 | -50 | -170 | -70 | -455 | -774 | -4,420 | -66 |
| Cash from Financing Activity | 236 | 750 | 320 | -11 | -88 | -130 | 1,106 | 6,139 | 166 |
| Net Cash Flow | 19 | -15 | -14 | 81 | 39 | 47 | 30 | -118 | -55 |
| Free Cash Flow | -218 | -766 | -335 | -41 | 110 | 256 | -990 | -6,276 | -229 |
| CFO/OP | 28% | 119% | 77% | 320% | 35% | 78% | -27% | -80% | 30% |
| Dec 2012 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | |
|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 0 | 0 | 0 | 6 | 5 | 5 | 6 | 12 | 24 |
| Inventory Days | 37 | 37 | 50 | 238 | 106 | 117 | 125 | 128 | 292 |
| Days Payable | 161 | 26 | 39 | 159 | 79 | 91 | 89 | 134 | 300 |
| Cash Conversion Cycle | -123 | 11 | 12 | 85 | 32 | 31 | 42 | 6 | 15 |
| Working Capital Days | -193 | -23 | -68 | 74 | 36 | 36 | 32 | 12 | -140 |
| ROCE % | -283% | 4% | 17% | 20% | 18% | 11% | -13% |
| Jun 2019 | Sep 2019 | Dec 2019 | Mar 2020 | Jun 2020 | Sep 2020 | Dec 2020 | Mar 2021 | Jun 2021 | Sep 2021 | Dec 2021 | Mar 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 | 53,717 | 53,115 | 53,906 | 59,516 | 1,21,760 | 4,05,620 | 4,08,445 | 4,04,913 | 4,12,774 | 4,02,328 | 4,02,005 | 4,12,430 |
Fundamentals
Market Cap₹ 124 Cr.
Current Price₹ 2.28
Book Value₹ -20.6
ROCE-13.3 %
ROE-116 %
Dividend Yield0.00 %
Face Value₹ 2.00
Compounded Sales Growth (TTM)-2%
Compounded Profit Growth (TTM)-74%
Standalone figures.
Valuation
Market capRs 120 Cr
Enterprise valueRs 8,862 Cr
Price to book0.03x
Price to sales0.01x
EV / sales1.04x
Earnings yield-3696.92%
P/E, 3-year average865.93x
P/B, 3-year average5.27x
P/E, 5-year average657.90x
P/B, 5-year average5.17x
Profitability
Operating margin (excl. other income)10.33%
Operating margin (incl. other income)10.28%
EBITDA margin-16.06%
Pre-tax margin-51.81%
Net profit margin-52.05%
Net margin, latest quarter-38.69%
ROE0.83%
ROCE10.44%
ROA0.21%
ROE, 3-year average7.44%
ROCE, 3-year average10.89%
ROA, 3-year average2.73%
ROE, 5-year average8.17%
ROCE, 5-year average10.83%
ROA, 5-year average2.91%
ROIC (approx.)-22.71%
Other income / net worth-0.22%
Growth
Sales growth (latest year)-0.23%
Profit growth (latest year)-95.38%
Sales CAGR, 3 years5.62%
Sales CAGR, 5 years62.43%
Profit CAGR, 3 years-54.88%
Sales growth QoQ18.74%
Sales growth YoY (latest quarter)87.47%
Per share
EPS (TTM)Rs -84.29
EPS (latest year)Rs 0.64
EPS (latest quarter)Rs -20.44
EPS, 3-year averageRs 5.15
EPS, 5-year averageRs 5.34
Book value per shareRs 81.13
Sales per shareRs 161.95
Cash flow per shareRs -34.83
Free cash flow per shareRs -4.34
Efficiency
Asset turnover0.95x
Fixed asset turnover5.97x
Inventory turnover2.93x
Inventory days125 days
Debtor days12 days
Debtors turnover29.24x
Creditor days300 days
Cash conversion cycle15 days
Working capital days-140 days
Leverage
Total debtRs 8,889 Cr
Cash and bankRs 148 Cr
Net debtRs 8,741 Cr
Debt to equity2.08x
Interest coverage-2.01x
Owners' fund to total sources20.11%
Debt to assets41.77%
Cash flow
Cash from Operating Activity (latest year)Rs -1,837 Cr
Cash from Investing Activity (latest year)Rs -4,420 Cr
Cash from Financing Activity (latest year)Rs 6,139 Cr
Net Cash Flow (latest year)Rs -118 Cr
Free cash flow (latest year)Rs -229 Cr
FCFE (approx.: FCF + change in debt)Rs 6,003 Cr
Statement figures
Net sales (TTM)Rs 8,541 Cr
Net sales (latest year)Rs 20,118 Cr
Sales (latest quarter)Rs 2,786 Cr
Operating profit excl. other income (latest year)Rs 2,077 Cr
Operating profit (latest quarter)Rs -345 Cr
Other income (TTM)Rs 19 Cr
EBITDA (TTM)Rs -1,371 Cr
PBDT (TTM)Rs -2,840 Cr
Profit before tax (TTM)Rs -4,425 Cr
Net profit (TTM)Rs -4,445 Cr
Net profit (latest year)Rs 34 Cr
Net profit (latest quarter)Rs -1,078 Cr
Depreciation (TTM)Rs 1,585 Cr
Depreciation (latest quarter)Rs 399 Cr
Interest (TTM)Rs 1,469 Cr
Cost of goods sold (latest year)Rs 15,321 Cr
Total expenditure (latest year)Rs 18,041 Cr
Total income (latest year)Rs 20,109 Cr
Share capitalRs 105 Cr
ReservesRs 4,173 Cr
Shareholders' fundsRs 4,279 Cr
Total assetsRs 21,279 Cr
Net blockRs 3,372 Cr
Capital work in progressRs 4,096 Cr
InvestmentsRs 114 Cr
ReceivablesRs 688 Cr
InventoryRs 5,233 Cr
Other liabilitiesRs 8,111 Cr
Shares outstanding (crore)52.74
Ownership
Promoter holding14.31% (-6.25 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/B 0.03 is the lowest in 7.2 years (median 0.97).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
| Period | FRETAIL | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | -23.2% | -2.8% | -20.5 pts |
| 1 month | -0.9% | -6.8% | +5.9 pts |
| 3 months | -22.7% | -7.6% | -15.1 pts |
| 6 months | -34.9% | +0.4% | -35.3 pts |
| 1 year | -37.5% | -9.9% | -27.6 pts |
| 2 years | -95.1% | -13.6% | -81.5 pts |
| 3 years | -96.3% | +14.2% | -110.5 pts |
| 5 years | -99.4% | +27.9% | -127.3 pts |
Red flags
F-score 2 of 8| explain | Weak cash conversion Cash from operations was -194% of net profit over the last 3 years |
| explain | Debt up, profit down Borrowings up 235% while net profit fell in 2021 |
| explain | Low interest cover Interest cover 1.0x in 2021 |
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.
Latest quarter
Dec 2021Sales ₹2,786 Cr +87.5% vs Dec 2020.
Net loss ₹1,078 Cr.
Activity
Compare| Company | Mcap (Cr) | P/E | ROCE |
|---|---|---|---|
| Avenue Supermarts Ltd | 244,592 | 80.0 | 17.2 % |
| Vishal Mega Mart Ltd | 48,863 | 54.8 | 15.2 % |
| Electronics Mart India Ltd | 7,376 | 37.6 | 8.17 % |
| V-Mart Retail Ltd | 6,048 | 43.6 | 13.2 % |
| Shoppers Stop Ltd | 4,599 | 7.03 % | |
| Keto Motors Ltd | 1,919 | 7,379 | -0.30 % |
| Patel Retail Ltd | 713 | 17.1 | 15.6 % |
| Spencers Retail Ltd | 246 | -9.34 % | |
| Jay Jalaram Technologies Ltd | 228 | 26.0 | 17.0 % |
| On Door Concepts Ltd | 180 | 16.7 | 10.1 % |
| Jay Ambe Supermarkets Ltd | 110 | 22.5 | 25.4 % |
| Aditya Consumer Marketing Ltd | 48 | -6.40 % | |
| Osia Hyper Retail Ltd | 40 | 2.25 | 14.7 % |
| JHS Svendgaard Retail Ventures Ltd | 23 | % | |
| Future Lifestyle Fashions Ltd | 22 | -72.6 % |
No bulk or block deals on record.
| Ex-date | Action | Factor |
|---|---|---|
| 2018-08-20 | Annual General Meeting | |
| 2017-11-29 | Scheme Of Arrangement | |
| 2017-08-21 | Annual General Meeting |
No announcements in our files yet.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.
Quick answers
What is the market cap of Future Retail Ltd?
Future Retail Ltd (FRETAIL) has a market capitalisation of Rs 124 Cr. at the 2024-08-01 close.
What were Future Retail Ltd's latest quarterly results?
In the Dec 2021 quarter, Future Retail Ltd sales was Rs 2,786 Cr (+87.5% vs Dec 2020) with a net loss of Rs 1,078 Cr.