Future MKT Networks Ltd
NSE: FMNL · Diversified Commercial Services · sector
₹7.95NSE close 2026-10-26
Key numbers
Market cap₹53 cr
Price₹7.95
52w high / low₹13 / ₹7
P/E5.8xSector median 13.0x
P/B0.5xSector median 1.6x
Book value₹16.6
Dividend yield–Sector median 1.73%
ROE7.9%Sector median 3.4%
ROCE12.1%Sector median 8.1%
OPM42.9%Sector median 15.0%
Debt / equity0.71xSector median 0.07x
EV/EBITDA3.0xSector median 7.9x
Interest cover1.3x
Current ratio0.94x
Sales growth 3y+2.2%Sector median +12.9%
Profit growth 3y–Sector median +19.1%
PEG–
Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 95 companies in Diversified Commercial Services (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹6 cr vs borrowings ₹78 cr (FY26): borrowings are higher by ₹72 cr.
- Operating profit covered interest 1.3x in the last 12 months.
- 78.69% of the promoters' shares are pledged (55.0% of all shares).
- Promoter holding rose by 3.03 percentage points in a year, to 69.95% (2026-09-30).
- Operating cash flow was below net profit in 3 of the last 5 years (FY25, FY24, FY22).
- Net loss in 1 of the last 8 quarters.
- Revenue was higher than a year earlier in 2 of the last 4 quarters.
- Other income was 155% of net profit in the last 12 months.
- No dividend in the last 5 financial years.
- Price ₹7.95 on 2026-10-26: -40.2% from the 52-week high, +18.0% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹27.62 · low ₹7.25
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 26 | 26 | 24 | 24 | 24 | 24 | 25 | 25 |
| EBITDA | 13 | 11 | -16 | 12 | 9 | 12 | 11 | 10 |
| OPM % | 48.0% | 42.5% | -65.0% | 49.3% | 37.2% | 48.2% | 44.6% | 41.5% |
| Other income | 1 | 2 | 2 | 2 | 6 | 3 | 2 | 3 |
| Net profit | 6 | 6 | -30 | 2 | 3 | 2 | 2 | 2 |
| EPS (₹) | 1.14 | 1.07 | -5.12 | 0.25 | 0.44 | 0.32 | 0.29 | 0.31 |
| Revenue YoY | -7.0% | -6.7% | +5.1% | +0.8% | ||||
| Profit YoY | -55.7% | -67.8% | – | +25.8% |
Consolidated figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 85 | 92 | 93 | 101 | 99 | 99 |
| EBITDA | 21 | 29 | 17 | 96 | 44 | 42 |
| Net profit | -28 | -9 | -8 | 66 | 8 | 8 |
| EPS (₹) | -4.91 | -1.57 | -1.08 | 11.44 | 1.30 | 1.36 |
| Revenue growth | +8.4% | +0.7% | +8.6% | -2.4% | -2.1% | |
| Profit growth | – | – | – | -88.0% | – | |
| Dividend / share (₹) | – | – | – | – | – |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | +2.2% | +7.4% | -2.1% |
| Net profit | – | – | – |
| EPS | – | – | – |
| Share price | – | -22.1% (2y) | -24.7% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 33 | 22 | 100 | 111 |
| Borrowings | – | 87 | 93 | 86 | 78 |
| Cash & equivalents | – | 77 | 15 | 12 | 6 |
| Total assets | – | 526 | 329 | 350 | 322 |
| Fixed assets | – | 117 | 25 | 97 | 66 |
| Capital work in progress | – | 7 | 8 | 7 | 8 |
| Investments | – | 0 | 4 | 10 | 11 |
| Receivables | – | 18 | 10 | 8 | 8 |
| Inventory | – | 5 | 4 | 3 | 3 |
| Payables | – | 7 | 7 | 8 | 6 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | -37 | 82 | -18 | -2 | 41 |
| Cash from investing | 3 | -29 | 6 | -4 | -23 |
| Cash from financing | 38 | -38 | -10 | -7 | -19 |
| Capex | 1 | 5 | 2 | 0 | 30 |
| Free cash flow | -38 | 76 | -21 | -2 | 11 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | -27.5% | -36.7% | 65.9% | 7.1% |
| ROCE % | – | 14.3% | 16.1% | 47.9% | 12.5% |
| Debtor days | – | 70 | 38 | 29 | 31 |
| Inventory days | – | 556 | 3,178 | 55 | 57 |
| Payable days | – | 795 | 4,804 | 127 | 105 |
| Cash conversion cycle (days) | – | -169 | -1,588 | -43 | -17 |
| Working capital days | – | -423 | -510 | -55 | -20 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 69.95% |
| DIIs | 0.00% |
| of which Mutual funds | 0.00% |
| Public (non-institutions) | 30.05% |
| Quarter | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Mar 2026 | Jun 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 66.92% | 66.92% | 66.92% | 68.48% | 68.48% | 69.95% | 69.95% | 69.95% |
| Promoter group | % |
|---|---|
| Future Corporate Resources Private Limited | 55.93% |
| Surplus Finvest Private Limited | 14.03% |
| Ashni Kishore Biyani | 0.00% |
| Anil Biyani | 0.00% |
| Gopikishan Biyani | 0.00% |
| Kishore Biyani | 0.00% |
| Laxminarayan Bansilal Biyani | 0.00% |
| Rakesh Biyani | 0.00% |
| Sunil Biyani | 0.00% |
| Vijay Biyani | 0.00% |
| Vivek Biyani | 0.00% |
| Public holders above 1% | % |
|---|---|
| Rajesh Joseph | 1.50% |
| Harees Thunthakachi | 1.44% |
28,281 shareholders. Pledged: 78.69% of promoter shares.
Peers in Diversified Commercial Services
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| IGIL | ₹16,651 cr | 25.0x | 9.5x | 44.5% | 51.7% | 61.5% | – | 1.93% |
| WEWORK | ₹8,640 cr | 99.1x | 29.0x | 28.3% | 111.2% | 64.6% | – | – |
| IBULLSLTD | ₹6,919 cr | – | 1.1x | -0.4% | – | – | +918.1% | – |
| NESCO | ₹6,699 cr | 16.1x | 2.2x | 14.8% | 18.3% | 50.8% | +19.5% | 0.69% |
| NIRLON | ₹5,679 cr | 15.9x | 12.1x | 86.5% | 29.8% | 77.5% | +5.3% | 4.12% |
| RENTOMOJO | ₹5,292 cr | – | – | – | – | – | – | – |
| LEAPIND | ₹5,209 cr | – | – | – | – | – | – | – |
| SMARTWORKS | ₹5,085 cr | 182.4x | 9.6x | 5.2% | 56.6% | 64.2% | – | – |
| QUESS | ₹4,827 cr | 19.1x | 4.1x | 22.4% | 27.2% | 2.0% | -3.7% | – |
| FMNL | ₹53 cr | 5.8x | 0.5x | 7.9% | 12.1% | 42.9% | +2.2% | – |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2024-10-22 | Other | Extra Ordinary General Meeting |
| 2024-09-17 | Other | Annual General Meeting |
| 2023-09-15 | Other | Annual General Meeting |
| 2022-09-15 | Other | Annual General Meeting |
| 2021-09-20 | Other | Annual General Meeting |
| 2020-09-21 | Other | Annual General Meeting |
| 2019-09-05 | Other | Annual General Meeting |
| 2018-09-10 | Other | Annual General Meeting |
| 2017-09-07 | Other | Annual General Meeting |
| 2016-09-14 | Other | Annual General Meeting |
| 2015-09-23 | Other | Annual General Meeting |
| 2014-09-11 | Other | Annual General Meeting |
| 2013-09-23 | Other | Annual General Meeting |
| 2012-08-06 | Other | Annual General Meeting |
| 2011-09-19 | Other | Annual General Meeting |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Annual report FY22
- Announcements NSE filings
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
| Sector | Services |
| Industry | Diversified Commercial Services |
| Sub-industry | Diversified Commercial Services |
| Symbol | FMNL |
| BSE code | 533296 |
| ISIN | INE360L01017 |
| Face value | ₹10.0 |
| Incorporated | – |
| Website | – |
| Plants (India / abroad) | – |
Data built 2026-10-23 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.