Future Market Networks Limited FMNL NSE

Real Estate · Real Estate Services · India

https://www.fmn.co.in

Future Market Networks Limited, together with its subsidiaries, engages in organizing of wholesale, trade, retail, and logistics infrastructure projects in India. The company also manages and operates shopping infrastructures and retail spaces; develops large-scale warehouses; and provides mall management business. The company was formerly known as Agre Developers Limited and changed its name to Future Market Networks Limited in February 2012. The company was incorporated in 2008 and is based in Mumbai, India. Future Market Networks Limited is a subsidiary of Future Corporate Resources Private Limited.

Market & Price

Market Cap

₹68.29 Cr

Current Price

₹10.73

High / Low (52W)

₹18.72 / ₹6.92

Beta

-0.06

Valuation

Stock P/E

9.09

Industry PE

20.49

Forward P/E

PEG Ratio

Book Value

₹17.09

Price to Book

0.63

P/S

0.69

EV/EBITDA

4.59

Dividend Yield

Profitability & Returns

ROCE

10.88%

ROE

7.25%

ROA

2.36%

Profit Margin

7.94%

Op Margin

13.83%

EPS (Latest Qtr)

₹0.26

EPS (TTM)

₹1.18

Balance Sheet & Liquidity

Debt/Equity

1.30

Quick Ratio

0.14

Current Ratio

0.93

Debt

₹145.56 Cr

Total Assets

₹322.13 Cr

Current Assets

₹88.60 Cr

Working Capital

₹-5.31 Cr

Ownership

Promoter Holding

71.92%

Chg in Prom Hold

FII / Inst Holding

0.00%

Chg in FII Hold

Financial Snapshot

Enterprise Value

₹207.79 Cr

Total Revenue (TTM)

₹99.65 Cr

EBITDA

₹45.28 Cr

Free Cash Flow

₹13.69 Cr

Operating Cash Flow

₹41.32 Cr

Shares Outstanding

₹6.36 Cr

Gross Margin

78.26%

Payout Ratio

0.00%

Growth (CAGR)

Revenue 5Y

2.17%

Profit 5Y

62.62%

Revenue (YoY)

6.10%

Earnings (YoY)

PROS

Profit CAGR of 62.6% over 5 years.
Generates positive free cash flow.

CONS

Trading 42.7% below its 52-week high.
In a downtrend (50-DMA below 200-DMA).

* The pros and cons are auto-generated from financial metrics.

Price Chart

NSE TradingView Screener.in

Fundamental Growth

Period: Metric:

Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).

Peer comparison

Peer companies in the same sector (Real Estate).

#	Name	CMP ₹	P/E	Mkt Cap	Div Yld %	ROCE %	ROE %	Rev CAGR 5Y %	Profit CAGR 5Y %
1	FMNL Future Market Networks Limited NSE	10.73	9.09	₹68.29 Cr	-	10.88%	7.25%	2.17%	62.62%
2	DLF DLF Limited NSE	590.60	33.11	₹1.46 L Cr	1.02%	6.35%	10.03%	12.98%	29.44%
3	LODHA Lodha Developers Limited NSE	938.10	27.40	₹93,708.23 Cr	0.45%	18.07%	15.71%	21.34%	91.69%
4	PHOENIXLTD The Phoenix Mills Limited NIFTY_MIDNSE	1,771.20	50.50	₹63,345.28 Cr	0.14%	11.84%	11.06%	19.36%	-2.86%
5	OBEROIRLTY Oberoi Realty Limited NIFTY_MIDNSE	1,707.10	24.75	₹62,070.53 Cr	0.47%	16.74%	14.91%	12.92%	9.60%
6	PRESTIGE Prestige Estates Projects Limited NIFTY_MIDNSE	1,369.20	49.27	₹58,975.58 Cr	0.13%	12.91%	8.00%	15.58%	8.28%
7	GODREJPROP Godrej Properties Limited NIFTY_MIDNSE	1,762.70	28.74	₹53,093.89 Cr	0.57%	12.01%	9.97%	33.30%	47.94%
8	SOBHA Sobha Limited NIFTY_SMALLNSE	1,418.00	106.38	₹15,166.05 Cr	0.42%	5.80%	4.17%	16.27%	-18.23%
9	ABREL Aditya Birla Real Estate Limited NIFTY_SMALLNSE	1,243.80	-	₹13,753.67 Cr	0.16%	-5.19%	-8.91%	-52.60%	-45.99%

Quarterly Results

Figures in INR.

Metric	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
Revenue	-	-	24.20 Cr	24.44 Cr	24.34 Cr	24.32 Cr	25.43 Cr
Cost of Revenue	-	-	4.70 Cr	5.54 Cr	5.82 Cr	4.99 Cr	5.32 Cr
Gross Profit	-	-	19.51 Cr	18.90 Cr	18.52 Cr	19.34 Cr	20.12 Cr
Operating Expenses	-	-	19.70 Cr	10.39 Cr	17.62 Cr	15.75 Cr	16.94 Cr
Operating Income	-	-	-19.14 L	8.51 Cr	90.40 L	3.58 Cr	3.18 Cr
EBITDA	-	-	-13.97 Cr	14.35 Cr	14.88 Cr	14.42 Cr	13.79 Cr
Interest Expense	-	-	2.64 Cr	4.81 Cr	4.65 Cr	4.37 Cr	4.10 Cr
Pretax Income	-	-	-20.06 Cr	1.39 Cr	2.09 Cr	1.89 Cr	1.54 Cr
Tax Provision	-	-	9.72 Cr	-7.61 L	-31.67 L	8.45 L	-41.41 L
Net Income	-	-	-29.52 Cr	1.55 Cr	2.69 Cr	1.95 Cr	1.74 Cr
Diluted EPS	1.14	-	-5.12	0.23	0.40	0.29	0.26

Profit & Loss (Annual)

Figures in INR.

Metric	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Revenue	-	92.40 Cr	93.03 Cr	101.00 Cr	98.54 Cr
Cost of Revenue	-	21.48 Cr	20.85 Cr	22.37 Cr	21.66 Cr
Gross Profit	-	70.92 Cr	72.18 Cr	78.63 Cr	76.87 Cr
Operating Expenses	-	38.63 Cr	47.90 Cr	53.12 Cr	65.31 Cr
Operating Income	-	32.30 Cr	24.28 Cr	25.51 Cr	11.57 Cr
EBITDA	-	39.56 Cr	33.51 Cr	104.20 Cr	57.43 Cr
Interest Expense	-	20.36 Cr	15.86 Cr	12.34 Cr	17.93 Cr
Pretax Income	-	1.44 Cr	3.92 Cr	78.01 Cr	6.91 Cr
Tax Provision	-	10.79 Cr	12.12 Cr	13.42 Cr	-72.24 L
Net Income	-	-9.01 Cr	-6.19 Cr	66.04 Cr	7.92 Cr
Diluted EPS	-4.91	-1.57	-1.08	11.16	-

Compounded Sales Growth

5 Years:	2.17%
1 Year:	6.10%

Compounded Profit Growth

5 Years:	62.62%
1 Year:	-

Stock Price Performance

1 Year:	-25.95%
6 Months:	-2.37%
3 Months:	+25.35%
1 Month:	+20.70%

Balance Sheet (Annual)

Figures in INR.

Metric	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Total Assets	-	526.09 Cr	328.57 Cr	350.11 Cr	322.13 Cr
Current Assets	-	158.74 Cr	71.14 Cr	82.84 Cr	88.60 Cr
Cash & Equivalents	-	11.83 Cr	8.75 Cr	4.52 Cr	5.03 Cr
Inventory	-	4.80 Cr	4.39 Cr	3.38 Cr	3.38 Cr
Receivables	-	17.67 Cr	9.63 Cr	7.91 Cr	8.25 Cr
Total Liabilities	-	491.19 Cr	306.17 Cr	251.28 Cr	210.36 Cr
Current Liabilities	-	265.94 Cr	201.03 Cr	97.95 Cr	93.92 Cr
Long Term Debt	-	82.10 Cr	79.49 Cr	69.08 Cr	59.67 Cr
Total Debt	-	249.89 Cr	130.65 Cr	178.95 Cr	145.56 Cr
Total Equity	-	32.82 Cr	22.32 Cr	100.20 Cr	110.87 Cr
Shares Outstanding	-	5.75 Cr	5.75 Cr	6.06 Cr	6.36 Cr

Cash Flows (Annual)

Figures in INR.

Metric	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Operating Cash Flow	-	81.55 Cr	-18.26 Cr	3.06 Cr	41.32 Cr
Investing Cash Flow	-	-28.87 Cr	6.28 Cr	-3.51 Cr	-23.06 Cr
Financing Cash Flow	-	-37.50 Cr	-9.59 Cr	-7.47 Cr	-19.40 Cr
Capital Expenditure	-75.33 L	-5.39 Cr	-2.39 Cr	-	-30.37 Cr
Free Cash Flow	-	76.16 Cr	-20.65 Cr	3.06 Cr	10.95 Cr
Net Change in Cash	-	15.18 Cr	-21.58 Cr	-7.93 Cr	-1.14 Cr

Ratios (Annual)

Figures in %.

Metric	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Gross Margin %	-	76.8%	77.6%	77.8%	78.0%
Operating Margin %	-	35.0%	26.1%	25.3%	11.7%
Net Margin %	-	-9.8%	-6.7%	65.4%	8.0%
ROE %	-	-27.5%	-27.7%	65.9%	7.1%
ROCE %	-	12.4%	19.0%	10.1%	5.1%

Shareholding Pattern

Insiders

71.92%

Institutions

0.00%

Public Float

0.00%

Analyst View

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FMNL · Real Estate