Future Market Networks Limited (FMNL)

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Future Market Networks Limited (FMNL) · mywealthgrid

About

Future Market Networks Limited operates in Diversified Commercial Services within the Industrials sector.

Face value: ₹10

Market cap

₹54 Cr

P/E

6.5×

P/B

0.5×

Dividend yield

ROE

7.5%

ROCE

9.9%

Debt / equity

0.71

OPM

44.8%

EPS (TTM)

₹1.3

Book value

₹17.4

52-week high

—

52-week low

—

2,528 historical price candles were omitted because the exchange source has not been verified.

₹8.1+1.4%1Y

Quick read

rule-based

Pros

+Strong return on equity of 28.5% (3-yr avg)
+Healthy operating margin of 44.8%
+High promoter holding of 70% with no pledge

Cons

−Modest revenue growth of 7.4% a year over the last 5 years
−Weak interest coverage of 1.3×

Research score

Structured signal from quality, growth, valuation and momentum.

58/100

Business quality: 39
Growth: 35
Valuation

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Screen this industry Compare top 5 side-by-side

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Consolidated Standalone

Consolidated figures · ₹ crore

₹ Cr	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	127	69	85	92	93	101	99
COGS	1	0	0	3	1	22	22
Gross profit	—	—	—	89	—	79	77
	71	54	65	35	74	38	32
	55	15	20	55	19	40	45
OPM %	43.4%	21.9%	23.4%	59.1%	20%	40.1%	46%
Depreciation	52	39	19	18	14	14	33
Interest	30	22	21	20	16	12	18
	67	7	4	-15	15	64	12
Profit before tax	39	-39	-15	1	4	78	7
Tax	9	-8	13	11	12	13	-1
Tax %	23.7%	-20.3%	81.6%	749.3%	309.2%	17.2%	-10.4%
	30	-31	-28	-9	-8	65	8
PAT margin %	23.6%	-44.6%	-32.9%	-10.1%	-8.8%	64%	7.8%
EPS (₹)	5.2	-5.4	-4.9	-1.6	-1.1	11.4	1.3
EPS adjusted (₹)	—	-5.4	-4.9	-1.6	-1.4	9.6	1.2
Annual report	Annual report for Mar 2020	Annual report for Mar 2021	Annual report for Mar 2022	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025	—

₹ Cr	Mar 2016	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	56	58	58	58	58	69	64
Reserves	101	53	-16	-25	-35	31	47
Minority interest	—	2	3	2	0	—	1
	371	4	104	87	93	86	78
	413	528	421	405	213	164	132
Total equity & liabilities	942	645	569	526	329	350	322
	406	167	147	135	43	110	79
CWIP	14	6	6	7	8	7	8
Investments	28	129	158	193	134	105	100
	493	343	257	191	143	129	136
Total assets	942	645	569	526	329	350	322

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Ratios

Annual operating, return, leverage and working-capital ratios.

Consolidated Standalone

Consolidated figures

Ratio	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	—	—	—	96.6%	—	77.8%	78%
EBITDA margin %	42.8%	22.6%	24.8%	54%	18.6%	39%	44.8%
EBIT margin %	1.3%	-33.4%	3%	34.8%	3.8%	25.2%	11.7%
PAT margin %	23.6%	-44.6%	-32.9%	-10.1%	-8.8%	64%	7.8%
Working capital
Receivable days	—	140	75	70	38	29	31
Inventory days	—	59	49	556	21	55	57
Payable days	—	93	34	795	32	127	105
NWC days	—	106	89	-169	27	-43	-18
Leverage
Current ratio	—	0.52	0.7	0.6	0.35	0.85	0.94
Debt to EBITDA	—	0.27	4.9	1.73	5.37	2.19	1.77
Debt to equity	—	0.04	2.48	2.64	4.16	0.86	0.71
Interest coverage	2.3	-0.7	0.3	1.9	1.2	2.6	1.3
Asset turnover	—	0.11	0.15	0.18	0.28	0.29	0.31
Return ratios
Return on assets %	—	-4.8%	-4.9%	-1.8%	-2.5%	18.5%	2.4%
Return on capital employed %	—	-5.4%	2.3%	13.4%	9.5%	17%	9.9%
Return on equity %	—	-27.8%	-67%	-28.5%	-36.7%	64.5%	6.9%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	65.31%	65.31%	65.31%	65.31%	65.31%	66.92%	66.92%	66.92%	66.92%	66.92%	68.48%	69.95%
FII	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
DII	0.05%	0.05%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	34.64%	34.64%	34.69%	34.69%	34.69%	33.08%	33.08%	33.08%	33.08%	33.08%	31.52%	30.05%
No. of shareholders	—	—	—	—	—	—	—	—	29,421	29,301	28,924	28,680

Promoter holding up 4.64 percentage points since Sep 2023.

17 deals · 10 Aug 2021 – 18 Oct 2024

Date	Client	Type	Venue	Side	Quantity	Price	Value
18 Oct 2024	SACHIN VERMA	Bulk	NSE	Sell	3,51,699	₹13.66	₹0.48 Cr
18 Oct 2024	MULTIPLIER SHARE & STOCK ADVISORS PRIVATE LIMITED	Bulk	NSE	Buy	3,00,000	₹13.25	₹0.40 Cr
18 Oct 2024	MULTIPLIER SHARE & STOCK ADVISORS PRIVATE LIMITED	Bulk	NSE	Sell	2,20,000	₹14.15	₹0.31 Cr
18 Oct 2024	SACHIN VERMA	Bulk	NSE	Buy	1,21,857	₹13.94	₹0.17 Cr
15 Jan 2024	SONYAPAWANMEHER	Bulk	BSE	Buy	3,95,081	₹8.80	₹0.35 Cr
4 Sept 2023	JRL MARKETING PVT LTD	Bulk	NSE	Sell	2,89,362	₹7.22	₹0.21 Cr
4 May 2022	IDBI TRUSTEESHIP SERVICES LTD	Bulk	NSE	Sell	21,10,000	₹4.84	₹1.02 Cr
4 May 2022	INDUS PORTFOLIO PVT. LTD.	Bulk	NSE	Sell	3,73,175	₹5.13	₹0.19 Cr
4 May 2022	INDUS PORTFOLIO PVT. LTD.	Bulk	NSE	Buy	3,73,166	₹5.12	₹0.19 Cr
2 May 2022	IDBI TRUSTEESHIP SERVICES LTD	Bulk	NSE	Sell	12,84,935	₹5.90	₹0.76 Cr

1–10 of 17

1 / 2

Mr. PRAMOD ARORANon-Executive - Independent Director-Chairperson
Mr. ANIL BIYANIExecutive Director
Mr. SUNIL GOPIKISHAN BIYANINon-Executive - Non Independent Director
Mr. SHREESH MISRANon-Executive - Non Independent Director
Mrs. PRIYA KHANDELWALNon-Executive - Independent Director
Mrs. DIMPLE AMIT SOMANINon-Executive - Independent Director
Mr. Akhilesh KalraChief Financial Officer
Anil CherianCompany Secretary & Compliance Officer

Current officeholders as filed with BSE. A person holding two offices is listed once per office.

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F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

No fund holdings on record

No scheme among the 32 fund houses on record reported a position in Future Market Networks Limited. Portfolios are published monthly by each AMC; coverage is still partial.

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

Annual reports

Documents link to external sources (exchange filings, company investor pages).

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Events

Upcoming dates and the company’s corporate-action history.

1

Board meeting to consider results13 Aug 2026

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

9 announcementsExport CSV

29 Sept 2026, 10:05 pmAGM/EGM

Shareholder Meeting / Postal Ballot-Scrutinizer''s Report

AGM PDF

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Ratio	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	—	—	—	96.6%	—	77.8%	78%
EBITDA margin %	42.8%	22.6%	24.8%	54%	18.6%	39%	44.8%
EBIT margin %	1.3%	-33.4%	3%	34.8%	3.8%	25.2%	11.7%
PAT margin %	23.6%	-44.6%	-32.9%	-10.1%	-8.8%	64%	7.8%
Working capital
Receivable days	—	140	75	70	38	29	31
Inventory days	—	59	49	556	21	55	57
Payable days	—	93	34	795	32	127	105
NWC days	—	106	89	-169	27	-43	-18
Leverage
Current ratio	—	0.52	0.7	0.6	0.35	0.85	0.94
Debt to EBITDA	—	0.27	4.9	1.73	5.37	2.19	1.77
Debt to equity	—	0.04	2.48	2.64	4.16	0.86	0.71
Interest coverage	2.3	-0.7	0.3	1.9	1.2	2.6	1.3
Asset turnover	—	0.11	0.15	0.18	0.28	0.29	0.31
Return ratios
Return on assets %	—	-4.8%	-4.9%	-1.8%	-2.5%	18.5%	2.4%
Return on capital employed %	—	-5.4%	2.3%	13.4%	9.5%	17%	9.9%
Return on equity %	—	-27.8%	-67%	-28.5%	-36.7%	64.5%	6.9%

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
International Gemological Institute LimitedIGILIGIL	₹13,482 Cr	₹13,482 Cr	₹1,363 Cr	₹827 Cr	60.9%	₹610 Cr	44.5%	61.1%	49.1%	36
Wework India Management LimitedWEWORKWEWORK	₹8,931 Cr	₹9,264 Cr	₹2,589 Cr	₹1,676 Cr	64.5%	₹84 Cr	3.1%	12.4%	25%	-18
Nesco LimitedNESCONESCO	₹7,249 Cr	₹7,249 Cr	₹951 Cr	₹482 Cr	52.6%	₹417 Cr	44.3%	17%	14.7%	1
Indiabulls LimitedIBULLSLTDIBULLSLTD	₹6,856 Cr	₹7,314 Cr	₹1,101 Cr	₹417 Cr	33.2%	₹419 Cr	41.5%	—	8.9%	—
Inox Green Energy Services LimitedINOXGREENINOXGREEN	₹6,384 Cr	₹6,472 Cr	₹280 Cr	₹28 Cr	8.2%	₹121 Cr	36.8%	8.5%	5.6%	405
Leap India LimitedLEAPINDLEAPIND	₹6,036 Cr	₹7,054 Cr	₹730 Cr	₹157 Cr	21.5%	₹62 Cr	8.6%	9.5%	9.6%	-520
Smartworks Coworking Spaces LimitedSMARTWORKSSMARTWORKS	₹5,837 Cr	₹6,044 Cr	₹1,963 Cr	₹1,260 Cr	64.3%	₹28 Cr	0.6%	7.5%	2%	-102
Elevate Campuses LimitedELEVATEELEVATE	₹5,811 Cr	₹9,931 Cr	₹569 Cr	₹405 Cr	71.3%	₹174 Cr	30.6%	9.3%	21.1%	—
Nirlon LimitedNIRLONNIRLON	₹5,467 Cr	₹6,614 Cr	₹317 Cr	₹237 Cr	79.1%	₹127 Cr	34.3%	23.2%	59.8%	-56
Quess Corp LimitedQUESSQUESS	₹5,023 Cr	₹5,023 Cr	₹15,835 Cr	₹327 Cr	2%	₹253 Cr	1.5%	19.2%	19.7%	19
Indiqube Spaces LimitedINDIQUBEINDIQUBE	₹4,187 Cr	₹4,477 Cr	₹1,564 Cr	₹952 Cr	60.8%	₹-93 Cr	-7.3%	5.7%	-20.7%	-273
Sanghvi Movers LimitedSANGHVIMOVSANGHVIMOV	₹3,719 Cr	₹4,393 Cr	₹1,177 Cr	₹426 Cr	37.4%	₹199 Cr	17.2%	18%	15%	77

Date	Category	Subject	Filing
29 Sept 2026, 10:05 pm	AGM/EGM AGM	Shareholder Meeting / Postal Ballot-Scrutinizer''s Report	PDF
28 Sept 2026, 9:39 pm	AGM/EGM AGM	Shareholder Meeting / Postal Ballot-Outcome of AGM	PDF
28 Sept 2026, 8:08 pm	Insider Trading / SAST Closure of Trading Window	Closure of Trading Window	PDF
9 Sept 2026, 2:04 pm	Others	Disclosure under Regulation 30A of LODR	PDF
5 Sept 2026, 6:21 pm	Company Update General	Annual Report Of The Company For The Financial Year 2025-26	PDF
25 Aug 2026, 9:59 pm	Company Update General	Continuing Disclosure Under Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015	PDF
14 Aug 2026, 8:51 pm	Company Update General	Quarter 1 Result Published In Newspaper	PDF
13 Aug 2026, 9:13 pm	Company Update General	Outcome Of The Board Meeting	PDF

₹ Cr	Mar 2016	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	16	-30	-37	82	-18	-2	41
	29	67	3	-29	6	-4	-23
	-41	-37	38	-38	-10	-7	-19
Net cash flow	4	1	4	15	-22	-13	-1
Free cash flow	-51	-35	-38	76	-21	-2	11
CFO / Operating profit %	—	-190.5%	-175.1%	163.4%	-105.6%	-6%	93.6%

Future Market Networks Limited

About

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Ratios

Shareholding

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Annual reports

Events

1

Announcements

1

Not in the F&O segment

No fund holdings on record

Announcements

Annual reports

Compounded sales growth

Compounded profit growth

Return on equity

Future Market Networks Limited

About

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Ratios

Ratio timeline

Shareholding

Quarterly record

Bulk & block deals

Board and management

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Annual reports

Events

Board meetings1

Announcements

Board meetings1

Ratio timeline

Not in the F&O segment

No fund holdings on record

Announcements

Annual reports

Quarterly record

Bulk & block deals

Board and management

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

1

1