BSE:533400

Stock Analysis Report

Executive Summary

Future Consumer Limited, a sourcing-to-supermarket food company, engages in the sourcing, manufacture, branding, marketing, and distribution of fast moving consumer goods (FCMG), and food and processed food products in India and internationally.

Snowflake

Fundamentals

Slightly overvalued with limited growth.


Similar Companies

Share Price & News

How has Future Consumer's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

3.4%

533400

4.9%

IN Food

3.8%

IN Market


1 Year Return

-41.1%

533400

17.9%

IN Food

6.0%

IN Market

Return vs Industry: 533400 underperformed the Indian Food industry which returned 17.9% over the past year.

Return vs Market: 533400 underperformed the Indian Market which returned 6% over the past year.


Shareholder returns

533400IndustryMarket
7 Day3.4%4.9%3.8%
30 Day-15.3%6.7%2.9%
90 Day-28.7%17.9%2.9%
1 Year-41.1%-41.1%19.5%17.9%8.2%6.0%
3 Year7.9%7.9%69.8%64.8%23.0%16.7%
5 Year126.9%126.9%141.6%129.7%43.6%30.0%

Price Volatility Vs. Market

How volatile is Future Consumer's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Future Consumer undervalued compared to its fair value and its price relative to the market?

>50%

Undervalued compared to fair value


Share Price vs. Fair Value

Below Fair Value: 533400 (₹24.55) is trading below our estimate of fair value (₹79.68)

Significantly Below Fair Value: 533400 is trading below fair value by more than 20%.


Price To Earnings Ratio

PE vs Industry: 533400 is unprofitable, so we can't compare its PE Ratio to the Food industry average.

PE vs Market: 533400 is unprofitable, so we can't compare its PE Ratio to the Indian market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 533400's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 533400 is overvalued based on its PB Ratio (4.7x) compared to the IN Food industry average (0.9x).


Next Steps

Future Growth

How is Future Consumer forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?

73.4%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 533400 is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: 533400 is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: 533400 is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: 533400's revenue (24.6% per year) is forecast to grow faster than the Indian market (11.3% per year).

High Growth Revenue: 533400's revenue (24.6% per year) is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: 533400's Return on Equity is forecast to be low in 3 years time (14.7%).


Next Steps

Past Performance

How has Future Consumer performed over the past 5 years?

22.9%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: 533400 is unprofitable, but has reduced losses over the past 5 years at a rate of 22.9% per year.

Accelerating Growth: Unable to compare 533400's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: 533400 is unprofitable, making it difficult to compare its past year earnings growth to the Food industry (15.6%).


Return on Equity

High ROE: 533400 has a negative Return on Equity (-1.65%), as it is currently unprofitable.


Return on Assets

ROA vs Industry: 533400 is currently unprofitable, so its Return on Assets is negative.


Return on Capital Employed

ROCE Improving: 533400 is currently unprofitable, so its Return on Capital Employed is negative.


Next Steps

Financial Health

How is Future Consumer's financial position?


Financial Position Analysis

Short Term Liabilities: 533400's short term assets (₹11.3B) exceeds its short term liabilities (₹9.1B)

Long Term Liabilities: 533400's short term assets (11.3B) exceeds its long term liabilities (3.7B)


Debt to Equity History and Analysis

Debt Level: 533400's debt to equity ratio (82.4%) is considered high

Reducing Debt: 533400's debt to equity ratio has increased from 13.4% to 82.4% over the past 5 years.


Balance Sheet

Inventory Level: 533400 has a high level of physical assets or inventory.

Debt Coverage by Assets: 533400's debt is covered by short term assets (assets are 1.394910x debt).


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: 533400 has less than a year of cash runway based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if 533400 has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


Next Steps

Dividend

What is Future Consumer's current dividend yield, its reliability and sustainability?

0.05%

Forecast Dividend Yield


Dividend Yield vs Market

companyn/amarketbottom25%0.6%markettop25%2.4%industryaverage0.8%forecastin3Years0.05%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: Unable to evaluate 533400's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate 533400's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.

Stable Dividend: Insufficient data to determine if 533400's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 533400's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of 533400's dividend in 3 years as they are not forecast to pay a notable one for the Indian market.


Next Steps

Management

What is the CEO of Future Consumer's salary, the management and board of directors tenure and is there insider trading?

1.9yrs

Average management tenure


CEO

Ishmeet Singh 0

0.8yrs

Tenure

0

Mr. Ishmeet Singh serves as Chief Executive Officer at Future Consumer Limited since January 07, 2019. Previously, he held the role of Business Head at Vodafone India for over 5 years, leading remarkable r ...


Management Age and Tenure

1.9yrs

Average Tenure

49.5yo

Average Age

Experienced Management: 533400's management team is not considered experienced ( 1.9 years average tenure), which suggests a new team.


Board Age and Tenure

4.1yrs

Average Tenure

58yo

Average Age

Experienced Board: 533400's board of directors are considered experienced (4.1 years average tenure).


Insider Trading

Insider Buying: 533400 insiders have only sold shares in the past 3 months.


Recent Insider Transactions

Sell₹1,681,66627 Sep 19
Manoj Gagvani
EntityIndividual
Role
Chief Legal Officer
Compliance Officer
Shares60,000
Max Price₹28.03
Sell₹1,087,12924 Sep 19
Saurabh Kapoor
EntityIndividual
Shares40,000
Max Price₹27.18
Sell₹7,975,87707 Sep 19
Narendra Baheti
EntityIndividual
Role
Member of the Board of Directors
Executive Director
Shares296,733
Max Price₹26.88
Sell₹1,230,13523 Aug 19
Satish Sharma
EntityIndividual
Shares30,556
Max Price₹43.34
Sell₹4,239,49602 Jul 19
Manoj Gagvani
EntityIndividual
Role
Chief Legal Officer
Compliance Officer
Shares104,000
Max Price₹40.76
Sell₹1,898,45901 Jul 19
Samir Kedia
EntityIndividual
Shares50,000
Max Price₹37.97
Sell₹1,434,18901 Jul 19
Sailesh Kedawat
EntityIndividual
Shares35,500
Max Price₹40.40
Sell₹2,666,77328 Jun 19
Manoj Gagvani
EntityIndividual
Role
Chief Legal Officer
Compliance Officer
Shares66,000
Max Price₹40.41
Buy₹3,937,50727 Jun 19
Future Consumer Enterprise Employees Welfare Trust
EntityCompany
Shares100,000
Max Price₹39.38
Buy₹3,903,23727 Jun 19
Future Consumer Enterprise Employees Welfare Trust
EntityCompany
Shares100,000
Max Price₹39.03
Sell₹1,364,58926 Jun 19
Manoj Gagvani
EntityIndividual
Role
Chief Legal Officer
Compliance Officer
Shares35,000
Max Price₹38.99
Buy₹3,932,72825 Jun 19
Future Consumer Enterprise Employees Welfare Trust
EntityCompany
Shares100,000
Max Price₹39.33
Sell₹2,006,97417 Jun 19
Sadikbhai Sunasara
EntityIndividual
Shares50,000
Max Price₹40.14
Sell₹1,266,14911 Jun 19
Manoj Gagvani
EntityIndividual
Role
Chief Legal Officer
Compliance Officer
Shares30,000
Max Price₹42.20
Buy₹1,082,01610 Jun 19
Future Generali India Life Insurance Company Ltd., Asset Management Arm
EntityCompany
Shares25,467
Max Price₹42.49
Buy₹14,220,09010 Jun 19
Future Generali India Life Insurance Company Ltd., Asset Management Arm
EntityCompany
Shares335,500
Max Price₹42.69
Buy₹1,082,01610 Jun 19
Bessemer Venture Partners
EntityCompany
Shares25,467
Max Price₹42.49
Sell₹2,224,99731 May 19
Samir Kedia
EntityIndividual
Shares50,000
Max Price₹44.50
Buy₹1,077,49814 May 19
Mukesh Somara
EntityIndividual
Shares25,000
Max Price₹43.10
Buy₹20,784,45029 Mar 19
Future Group
EntityCompany
Shares465,037
Max Price₹44.69
Buy₹8,668,11428 Mar 19
Future Group
EntityCompany
Shares195,000
Max Price₹44.45
Buy₹9,269,39220 Mar 19
Future Group
EntityCompany
Shares210,000
Max Price₹44.14
Sell₹427,00020 Mar 19
Neeta Singh
EntityIndividual
Shares9,000
Max Price₹47.44
Buy₹26,411,29813 Mar 19
Future Group
EntityCompany
Shares515,000
Max Price₹51.28
Buy₹79,838,34111 Mar 19
Future Group
EntityCompany
Shares1,600,000
Max Price₹50.03
Sell₹1,901,91108 Mar 19
Manoj Gagvani
EntityIndividual
Role
Chief Legal Officer
Compliance Officer
Shares40,000
Max Price₹47.55
Buy₹24,394,98807 Mar 19
Future Group
EntityCompany
Shares500,000
Max Price₹48.79
Sell₹1,607,55504 Mar 19
Anil Bagri
EntityIndividual
Shares36,000
Max Price₹44.67
Sell₹2,341,87426 Feb 19
Manmohan Rathi
EntityIndividual
Shares49,934
Max Price₹46.90
Buy₹157,421,52022 Feb 19
Future Group
EntityCompany
Shares3,529,497
Max Price₹45.16
Buy₹42,218,95620 Feb 19
Future Group
EntityCompany
Shares952,000
Max Price₹44.35
Sell₹1,982,75520 Feb 19
Manoj Gagvani
EntityIndividual
Role
Chief Legal Officer
Compliance Officer
Shares45,000
Max Price₹44.06
Buy₹71,353,31219 Feb 19
Future Group
EntityCompany
Shares1,662,332
Max Price₹43.31
Buy₹7,526,47830 Jan 19
Future Group
EntityCompany
Shares188,105
Max Price₹40.01
Buy₹28,806,93923 Jan 19
Future Consumer Enterprise Employees Welfare Trust
EntityCompany
Shares685,098
Max Price₹42.10
Buy₹34,197,26616 Jan 19
Future Consumer Enterprise Employees Welfare Trust
EntityCompany
Shares782,250
Max Price₹43.86
Buy₹1,290,95616 Jan 19
Shivani Haribhakti
EntityIndividual
Shares30,000
Max Price₹43.03
Sell₹1,829,89802 Jan 19
Manoj Gagvani
EntityIndividual
Role
Chief Legal Officer
Compliance Officer
Shares40,000
Max Price₹45.75
Buy₹1,374,53306 Dec 18
Sejal Mody
EntityIndividual
Shares33,200
Max Price₹41.40
Buy₹39,764,56430 Oct 18
Future Consumer Enterprise Employees Welfare Trust
EntityCompany
Shares950,000
Max Price₹41.98
Buy₹2,042,69930 Oct 18
Future Group
EntityCompany
Shares50,460
Max Price₹40.48
Buy₹4,143,55829 Oct 18
Future Group
EntityCompany
Shares100,738
Max Price₹41.13

Ownership Breakdown


Management Team

  • Manoj Gagvani (52yo)

    Compliance Officer

    • Tenure: 11.3yrs
    • Compensation: ₹21.15m
  • Jude Linhares (53yo)

    Director of Product Supply Organisation

    • Tenure: 0yrs
  • Ashni Biyani (35yo)

    MD & Whole Time Director

    • Tenure: 4.9yrs
    • Compensation: ₹17.38m
  • Arun Gupta (47yo)

    President of Business Development & Investments

    • Tenure: 0yrs
    • Compensation: ₹26.74m
  • Narendra Baheti (52yo)

    Executive Director

    • Tenure: 3.2yrs
    • Compensation: ₹80.64m
  • Amit Agarwal (45yo)

    Chief of Commercial & Procurement

    • Tenure: 0yrs
    • Compensation: ₹11.28m
  • Ravin Mody (39yo)

    Chief Financial Officer

    • Tenure: 2.4yrs
    • Compensation: ₹11.29m
  • Girish Rao

    Chief of IT

    • Tenure: 0yrs
  • Saurabh Chadha (52yo)

    Chief Executive Officer of Wholesale Business

    • Tenure: 0yrs
  • Ishmeet Singh

    Chief Executive Officer

    • Tenure: 0.8yrs

Board Members

  • Kishore Biyani (59yo)

    Vice Chairman

    • Tenure: 6.4yrs
    • Compensation: ₹275.00k
  • Ghyanendra Bajpai (77yo)

    Independent Chairman

    • Tenure: 0yrs
    • Compensation: ₹425.00k
  • Deepak Malik (52yo)

    Non-Executive Director

    • Tenure: 3.5yrs
  • Frederic-Charles Josse Mutien de Mevius (61yo)

    Non-Executive Director

    • Tenure: 6.9yrs
    • Compensation: ₹100.00k
  • Harminder Sahni

    Additional Independent Director

    • Tenure: 1.1yrs
    • Compensation: ₹175.00k
  • Krishan Rathi (58yo)

    Non-Executive Director

    • Tenure: 4.9yrs
    • Compensation: ₹400.00k
  • Ashni Biyani (35yo)

    MD & Whole Time Director

    • Tenure: 4.9yrs
    • Compensation: ₹17.38m
  • Adhiraj Harish

    Independent & Non-Executive Director

    • Tenure: 4.1yrs
    • Compensation: ₹350.00k
  • Narendra Baheti (52yo)

    Executive Director

    • Tenure: 3.2yrs
    • Compensation: ₹80.64m
  • Neha Bagaria

    Additional Independent Director

    • Tenure: 0.6yrs

Company Information

Future Consumer Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Future Consumer Limited
  • Ticker: 533400
  • Exchange: BSE
  • Founded: 1996
  • Industry: Packaged Foods and Meats
  • Sector: Food, Beverage & Tobacco
  • Market Cap: ₹47.162b
  • Shares outstanding: 1.92b
  • Website: https://www.futureconsumer.in

Location

  • Future Consumer Limited
  • Tower C
  • 247 Park
  • Mumbai
  • Maharashtra
  • 400083
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
FCONSUMERNSEI (National Stock Exchange of India)YesEquity SharesININRMay 2011
533400BSE (Mumbai Stock Exchange)YesEquity SharesININRMay 2011

Biography

Future Consumer Limited, a sourcing-to-supermarket food company, engages in the sourcing, manufacture, branding, marketing, and distribution of fast moving consumer goods (FCMG), and food and processed foo ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/21 12:49
End of Day Share Price2019/10/18 00:00
Earnings2019/06/30
Annual Earnings2019/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.