



Services | Small Cap
Future Market Networks Ltd presents a complex financial picture with distinct strengths and weaknesses. The company's core operations are exceptionally profitable and efficient. It excels at generating high profit margins and effectively using its capital and assets to create returns. It also manages its inventory and customer payments very quickly. However, these operational strengths are overshadowed by significant concerns in other areas. The company has experienced sharp declines in key growth metrics like net income and earnings per share, despite growing revenues. This indicates that operational profits are not reaching the bottom line. Consequently, shareholder value metrics are weak, and the company's ability to meet short-term cash needs shows some potential strain. The future outlook depends on whether the company can resolve the issues that prevent its operational success from translating into sustainable, profitable growth for its investors.
Future Market Networks Ltd presents a complex financial picture with distinct strengths and weaknesses. The company's core operations are exceptionally profitable and efficient. It excels at generating high profit margins and effectively using its capital and assets to create returns. It also manages its inventory and customer payments very quickly. However, these operational strengths are overshadowed by significant concerns in other areas. The company has experienced sharp declines in key growth metrics like net income and earnings per share, despite growing revenues. This indicates that operational profits are not reaching the bottom line. Consequently, shareholder value metrics are weak, and the company's ability to meet short-term cash needs shows some potential strain. The future outlook depends on whether the company can resolve the issues that prevent its operational success from translating into sustainable, profitable growth for its investors.
Overall Valuation Score
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P/E RATIO (TTM)
6.69
Industry Median
16.85
Small Cap Median
16.85
P/E RATIO
6.69
P/B RATIO
0.48
Industry Median
2.05
Small Cap Median
2.05
P/S RATIO
0.56
Industry Median
1.36
Small Cap Median
1.36
Others
PEG RATIO
0.00
EV/EBITDA RATIO
3.08
The Calculations Shown Above Are Based on the Last Traded Price (LTP) of ₹8.77 as on Aug 25, 2026.
The company's growth story is one of sharp contrasts. It has demonstrated an impressive ability to increase its sales and operating profits, signaling strong market performance. However, this growth has not carried through to the final profit, with both net income and earnings for shareholders declining significantly. The company's total asset base has also been shrinking. This disconnect between top-line growth and bottom-line results is a significant concern, pointing to issues below the operating profit line, such as high interest or other non-operating expenses.
| Growth Ratios | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|
| Revenue Growth Rate | 23.57 | 8.37 | 0.68 | 8.57 | -2.44 |
| Operating Profit Growth Rate | 73.72 | 14.85 | -24.32 | 8.99 | 7.16 |
| Earnings Per Share (EPS) Growth | 8.57 | 68.02 | 31.21 | 1108.33 | -87.97 |
| Asset Growth Rate | -11.79 | -7.61 | -37.63 | 6.28 | -7.51 |
| Net Income Growth Rate | 8.93 | 66.65 | 12.3 | 887.8 | -88.17 |
Revenue Growth Rate
Operating Profit Growth Rate
Earnings Per Share (EPS) Growth
Asset Growth Rate
Net Income Growth Rate
Peer Comparison empowers investors to evaluate a company against its industry peers using key financial metrics like P/E ratio, EPS, and profit margins. It helps identify whether a company is overvalued, undervalued, or performing in line with competitors. Investors can use this data to spot opportunities, assess risks, and make informed decisions. This contextual view adds depth beyond standalone company analysis.
| NO | Company Name | Health Score | P/E Ratio | Valuation | OPM | EPS | Latest Profit & Loss |
|---|---|---|---|---|---|---|---|
| 1 | Service Care Ltd | 7.59 | 18.58 | Neutral | 5.00 | 3.77 | 5.00 |
| 2 | Thinking Hats Entertainment Solutions Ltd | 7.02 | 13.13 | Neutral | 2.32 | 1.00 | 1.24 |
| 3 | Abhishek Integrations Ltd | 6.79 | 14.89 | Neutral | 2.24 | 1.33 | 0.80 |
| 4 | Kontor Space Ltd | 6.47 | 15.25 | Neutral | 7.12 | 3.67 | 2.27 |
| 5 | Naman In-Store (India) Ltd | 6.20 | -23.88 | Neutral | 1.00 | -1.75 | -2.00 |
| 6 | Future Market Networks Ltd | 5.94 | 6.69 | Neutral | 42.36 | 1.45 | 7.99 |
| 7 | ANI Integrated Services Ltd | 5.64 | 12.36 | Undervalued | 9.00 | 2.33 | 5.00 |
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Overall Score
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Market Sentiment
Analysis Driven By 26 Technical Indicators From The 1 Hour Timeframe
Trend Score
Strong Bearish
Bearish
Neutral
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Strong Bullish
Strong Bearish
Momentum Score
Strong Bearish
Bearish
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Volatility Score
Strong Bearish
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Strong Bearish
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Analyzing moving average trends and crossovers. Green/Red badges indicate if the current condition passes or fails.
Comparing stock price performance (normalized) against benchmark indices over time.
Recent daily trading volume represented as a bar chart, alongside historical averages.
Current closing price relative to the 52-week highest and lowest prices.
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Future Market Networks Ltd (FMNL) is a real estate and infrastructure development arm of the Future Group. It focuses on developing, managing, and leasing commercial and retail properties, providing essential infrastructure support to the group's retail operations. The company's core function is to build and maintain the physical network for Future Group's diverse retail formats.
P/E Ratio (TTM): Price to Earnings ratio shows how much an investor pays for every rupee of the company's earnings. Future Market Networks Ltd's P/E ratio (TTM) is 6.69, compared to the industry median of 16.85 and large cap median of 16.85.
P/B Ratio: Price to Book ratio compares a company's market price to its book value per share. Future Market Networks Ltd's P/B ratio is 0.48, compared to the industry median of 2.05 and large cap median of 2.05.
P/S Ratio: Price to Sales ratio compares a company's market value to its total revenue. Future Market Networks Ltd's P/S ratio is 0.56, compared to the industry median of 1.36 and large cap median of 1.36.
PEG Ratio: PEG ratio adjusts the P/E ratio for expected earnings growth. Future Market Networks Ltd's PEG ratio is N/A.
EV/EBITDA Ratio: This ratio compares a company's enterprise value to its earnings before interest, tax, depreciation, and amortization. Future Market Networks Ltd's EV/EBITDA ratio is 3.08.
Return on Equity (ROE): ROE measures how much profit a company generates from shareholders' invested capital. Future Market Networks Ltd's ROE is 6.89%.
Return on Assets (ROA): ROA measures how efficiently a company converts its assets into net profit. Future Market Networks Ltd's ROA is 13.71%.
Return on Capital Employed (ROCE): ROCE measures how efficiently a company generates profit from all the capital it employs. Future Market Networks Ltd's ROCE is 9.28%.
Operating Margin: Operating margin shows what percentage of revenue remains after covering operating expenses. Future Market Networks Ltd's operating margin is 44.81%.
Net Margin: Net margin shows what percentage of revenue converts into final net profit. Future Market Networks Ltd's net margin is 7.75%.
Current Ratio: The current ratio measures a company's ability to pay short-term liabilities using short-term assets. Future Market Networks Ltd's current ratio is 1.60.
Debt to Equity Ratio: This ratio shows the proportion of debt a company uses relative to shareholders' equity. Future Market Networks Ltd's debt-to-equity ratio is 1.13.
Interest Coverage Ratio: This ratio shows how easily a company can pay interest on its outstanding debt from its operating earnings. Future Market Networks Ltd's interest coverage ratio is 1.39.
Dividend Per Share (DPS): DPS shows the total dividend paid per share in the latest financial year. Future Market Networks Ltd's DPS is ₹0.
Earnings Per Share (EPS): EPS shows how much profit is allocated to each outstanding share. Future Market Networks Ltd's EPS is -87.97.
(Source line: "Ratios as of 23 Oct 2026, based on last traded price of ₹8.77. Data sourced from BSE/NSE Exchange Filings & Public Terminal Data.")
Founded: 2007
Headquarters: Mumbai, Maharashtra
Core Offerings: Property development, Retail infrastructure management, Commercial property leasing, Facility management services
Stock Listing: NSE (FMNL), BSE (533296)
Promoter: Future Group / Biyani family
Future Market Networks Ltd was incorporated in 2007 with the objective of developing, acquiring, and managing properties, primarily for the Future Group's retail and commercial ventures. Over the years, it focused on creating and maintaining retail infrastructure across various formats. The company's operations have been significantly impacted by the broader financial challenges and insolvency proceedings faced by the Future Group in recent years.
| Segment Name | Revenue % | EBITDA |
|---|---|---|
| Property Development & Management | Approx. 60-70% | Operating Profit |
| Rental & Lease Income | Approx. 30-40% | Operating Profit |
Property Development & Management: Involves the identification, acquisition, development, and ongoing management of retail and commercial properties. This includes project execution, maintenance, and upkeep of various retail formats and related infrastructure.
Rental & Lease Income: Derives revenue from leasing out developed properties and spaces to various tenants, primarily other entities within the Future Group, for their retail and commercial operations. This includes negotiating lease agreements and managing lease rentals.
Mr. Rakesh Biyani (Non-Executive Director): Part of the promoter family, with extensive experience in retail business and strategic planning within the Future Group. Mr. Virendra Singh (Managing Director & CEO): Holds a crucial leadership role in navigating the company's operations and financial restructuring efforts.
Future Property Solutions Limited
Future Real Estate Development Private Limited
Significant corporate actions have revolved around debt restructuring, asset monetization efforts, and navigating insolvency proceedings impacting the broader Future Group, which has directly affected FMNL's operations and financial standing.
The Future Market Networks Ltd share price today is ₹8.77 on NSE (FMNL), as of 23 Oct 2026.
As of 23 Oct 2026, Future Market Networks Ltd share price is ₹8.77, with previous close ₹8.77. Today's range is ₹8.77 to ₹8.77. The 52-week range is ₹6.74 to ₹12.95.
As of today, Future Market Networks Ltd's market cap is ₹55.43 crore (Small Cap).
Future Market Networks Ltd's current P/E ratio is 6.69, compared to the COMMERCIAL SERVICES & SUPPLIES sector average of 38.
Future Market Networks Ltd's current P/B ratio is 0.48.
Future Market Networks Ltd's current dividend yield is N/A. Last dividend of ₹0.00 per share was declared on N/A.
Future Market Networks Ltd's EPS (TTM) is ₹-87.97.
Future Market Networks Ltd (FMNL) is a real estate and infrastructure development arm of the Future Group. It focuses on developing, managing, and leasing commercial and retail properties, providing essential infrastructure support to the group's retail operations. The company's core function is to build and maintain the physical network for Future Group's diverse retail formats.
Future Market Networks Ltd is promoted by Future Group / Biyani family, holding 69.95% as of 23 Oct 2026.
Future Market Networks Ltd is listed on NSE (FMNL) and BSE (533296). Its next quarterly results are expected on Q1 FY25.