Future Enterprises share price & results

Future Enterprises Limited· Consumer Services· Consumer Discretionary

Results to: Mar 2023
Ownership as of: Mar 2023

Future Group entity running integrated fashion sourcing/manufacturing and FMCG brands, plus life & general insurance joint ventures with Generali

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Reported

The figures, each with its period

Each figure keeps its basis and period; nothing is filled in.

Metric	Value	Change	Basis	Period	Note
Revenue	8.0 ₹ crore	−98.3% YoY	Quarterly, as filed	Quarter to Mar 2023	Revenue from operations as filed.
Operating margin	-16906.0 %	−16777.0 pts YoY	Operating profit / revenue	Quarter to Mar 2023	For the quarter; a change is in percentage points.
Net profit	-1,422 ₹ crore	—	Quarterly, as filed	Quarter to Mar 2023	Profit after tax as filed. The year-earlier figure was zero or a loss, so no percentage is shown.
Return on equity	Unavailable	−28.0 ptsFY Mar 2021 vs FY Mar 2020	Trailing twelve months	TTM · period unavailable	Not in the analysed materials. No older figure is substituted.
Free cash flow margin	Unavailable	−16.8 ptsFY Mar 2022 vs FY Mar 2021	Fiscal year	FY · period unavailable	Not in the analysed materials. No older figure is substituted.
Revenue growth (YoY)	Unavailable	+127.7 ptsFY Mar 2022 vs FY Mar 2021	Trailing twelve months	TTM · period unavailable	Not in the analysed materials. No older figure is substituted.

Source: Inve data from filed results; ratios from the Screener-verified panel · to Mar 2023

Price

₹0.3 0.00% · ₹0

Last close 27 Oct 2026 · NSE · INR · Source: Inve

Performance −38.8% 1Y

1Y: ₹0.49 on 24 Oct 2025 → ₹0.3. High ₹0.51 (9 Dec 2025), low ₹0.3 (26 Oct 2026).

Previous close: ₹0.3
Market cap: ₹12 Cr
52-week range: ₹0.3 – ₹0.51
One year: −37.50%

Overview

Symbol: NSE:FEL
Sector: Consumer Services
Industry: Consumer Discretionary
Exchange: NSE
Currency: INR

What Future Enterprises Limited does

Based on the company's own presentations, annual report and earnings calls.

Future Enterprises designs, sources and manufactures apparel across price points and categories (formal, casual, western-ethnic, menswear, kidswear, womenswear), supplying its own garment-making units and third-party vendors as well as fashion retail formats such as FBB, Central and Brand Factory. It also builds and sells FMCG brands (packaged foods, personal care, home care) manufactured through an integrated food-processing park and partner facilities, sourcing agricultural raw material pan-India. Separately, it holds joint-venture stakes in Future Generali India Life Insurance and Future Generali India General Insurance, run in partnership with Italy's Generali group.

Segments

Fashion Sourcing & Merchandising
FMCG
Insurance JVs
Other Assets

Garment sourcing volume: 100mn+ garments/year across categories
Own/JV garment manufacturing: 7mn+ garments/year across Tarapur, Bengaluru and NTC JV (Mumbai) units
Apparel manufacturing locations: Mumbai, Tarapur (Maharashtra), Gujarat, Bengaluru
Integrated Food Park (Tumkur, Karnataka): 110 acres, 15+ operational processing units (ISO 22000 certified)
Agri-sourcing capacity: 1.5 lac tonnes, with APMC licenses in 26 states
FMCG/fashion distribution network: 1,650+ retail stores (Big Bazaar, Easy Day, Central, Brand Factory, Nilgiris)

Founded 1987Headquarters Mumbai, Maharashtra Company website

Fundamentals

Ratios, each with its period

Current values with the period they cover; the trend reads across the 6 fiscal years held (Mar 2017 to Mar 2022).

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
— — — — — —

How it is calculated. Market capitalisation from the current stock record.

Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022
—	—	—	—	—	—

A dash means inputs are missing or too old, the ratio does not apply, or the value is outside the supported range. FY uses the reported fiscal period; TTM the latest twelve months; valuations use the current market cap with the chosen earnings period. Screen Indian stocks on these ratios →

Financials

What the filings say

Net profit, year on year: +38% (quarter to mar 2023 against mar 2022).

In ₹ crore. Oldest period first.

Line item	Jun 2021	Sept 2021	Dec 2021	Mar 2022	Jun 2022	Sept 2022	Dec 2022	Mar 2023
Sales	436	693	590	474	62	24	11	8
Expenses	390	647	529	1,086	77	32	19	1,342
Operating profit	46	46	61	-612	-15	-8	-8	-1,334
Operating margin	11.0%	7.0%	10.0%	−129.0%	−25.0%	−32.0%	−74.0%	−16906.0%
Other income	15	15	28	-1,344	1,040	0	4	1
Interest	202	175	192	193	3	4	4	3
Depreciation	177	172	170	147	86	86	86	86
Profit before tax	-318	-286	-273	-2,296	935	-98	-94	-1,422
Tax rate	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Net profit	-318	-286	-273	-2,296	935	-98	-94	-1,422
EPS (₹ per share)	-6.49	-5.97	-5.95	-44.84	20.56	-2.15	-2.06	-31.26

Source: Inve data · income statement, quarterly · to Mar 2023

In ₹ crore. Oldest period first.

Line item	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Sales	5,366	1,422	2,193	105
Expenses	4,028	1,276	2,652	1,470
Operating profit	1,337	146	-459	-1,365
Other income	10	214	-1,286	1,045
Interest	719	817	762	14
Depreciation	1,033	781	666	344
Profit before tax	-407	-1,239	-3,173	-679
Net profit	-370	-1,221	-3,173	-679

Source: Inve data · income statement, annual · to Mar 2023

In ₹ crore. Oldest period first.

Line item	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Equity capital	99	99	99	99	99	99
Reserves	3,734	3,895	4,040	2,812	-361	-527
Borrowings	5,787	6,733	6,878	7,184	7,460	5,396
Other liabilities	1,836	2,356	4,649	1,761	1,241	727
Total liabilities	11,457	13,083	15,666	11,856	8,438	5,695
Fixed assets	6,759	7,423	8,356	4,750	3,869	3,102
Capital work in progress	585	597	630	92	0	0
Investments	865	957	1,136	1,080	760	801
Other assets	3,247	4,105	5,544	5,933	3,808	1,792
Total assets	11,457	13,083	15,666	11,856	8,438	5,695

Source: Inve data · balance sheet · to Mar 2023

In ₹ crore. Oldest period first.

Line item	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022
Cash from operations	975	1,114	1,125	2,458	-3,006	400
Cash from investing	-762	-1,189	-1,431	-1,775	3,588	37
Cash from financing	-197	94	345	-816	-555	-465
Net cash flow	16	19	39	-134	27	-28
Free cash flow	-311	-548	-372	766	492	390

Source: Inve data · cash flow · to Mar 2022

In days and %. Oldest period first.

Line item	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Debtor days	54	53	156	710	269	105
Inventory days	112	113	122	399	68	76
Days payable	77	88	132	411	181	374
Cash conversion cycle	89	78	146	698	156	-193
Working capital days	87	71	-92	113	-875	-20353
Return on capital employed	6.0%	7.0%	4.0%	−5.0%	−12.0%	−11.0%
Dividend payout	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%

Source: Inve data · annual ratios · to Mar 2023

Where revenue comes from

The businesses behind the company’s reported revenue.

Reporting basis Reporting period

Historical breakdown. Showing year ended 31 Mar 2021; this may not reflect the current business mix.

Manufacturing and Trading contributes 46.4% of reported segment revenue.

Year ended 31 Mar 2021 · Consolidated

Manufacturing and Trading 46.4%

₹738.27 crore
Logistics 31.9%

₹507.34 crore
Leasing and Others 21.7%

₹345.07 crore
Unallocated 0.0%

₹0.00 crore

Reported business segments for year ended 31 Mar 2021
Business segment	Revenue · ₹ crore	Share
Manufacturing and Trading	738.27	46.4%
Logistics	507.34	31.9%
Leasing and Others	345.07	21.7%
Unallocated	0.00	0.0%

Share = segment revenue ÷ total segment revenue, before intersegment adjustments.

How these numbers add up

Total segment revenue: ₹1,590.68 crore
Intersegment adjustment: Not reported
Net segment revenue: ₹1,590.68 crore

Intersegment transactions are between the company’s own businesses. Net segment revenue can differ from income-statement revenue because reporting definitions differ.

Source: FinEdge · Last checked 19 Sept 2026. Reported segment names are kept as supplied.

How the mix has moved

Logistics grew from 21% to 28% of revenue over the last two years.

FEL revenue by business segment, share of consolidated revenue by quarter
Segment	Jun 2019	Sep 2019	Dec 2019	Mar 2020	Jun 2020	Sep 2020	Dec 2020	Mar 2021	YoY growth latest quarter
Manufacturing and Trading	64%	65%	73%	31%	13%	33%	60%	59%	+33.0%
Logistics	21%	19%	13%	—	40%	48%	22%	28%	—
Leasing and Others	16%	—	14%	15%	47%	19%	18%	13%	-41.6%
Unallocated	0%	—	—	0%	0%	—	—	0%	—

Share of reported segment revenue by quarter, consolidated basis, as filed. A quarter the company did not report is left blank, never carried forward.

See how segments are shifting across companies → Segment Shift

Ownership

Who owns it

Public hold 83.03% as of Mar 2023; institutions added 0.00 pts since Dec 2022.

Promoters 0.00 pts 16.37%
Foreign institutions 0.00 pts 0.02%
Domestic institutions 0.00 pts 0.58%
Public +0.01 pts 83.03%

1,39,941 shareholders on the register.

Source: Exchange shareholding filings · to Mar 2023 · 8 filings held

Who was buying across the market this quarter

Who is on the register

Named in the Mar 2023 filing

Every holder of Future Enterprises Limited above SEBI's 1% disclosure line, and what changed since Dec 2022.

Holder	Stake	Change
	18.44%	unchanged
	10.24%	unchanged
	6.12%	unchanged
	1.67%	unchanged
	0.02%	unchanged
	—	off the list

A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.

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