BSE:540064

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Executive Summary

Future Retail Limited engages in retailing fashion, household, and consumer products primarily in India.


Snowflake Analysis

Solid track record and fair value.


Similar Companies

Share Price & News

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


Latest Share Price and Events

Stable Share Price: 540064's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-5.1%

540064

-1.9%

IN Multiline Retail

0.2%

IN Market


1 Year Return

-75.3%

540064

-33.6%

IN Multiline Retail

3.3%

IN Market

Return vs Industry: 540064 underperformed the Indian Multiline Retail industry which returned -32.6% over the past year.

Return vs Market: 540064 underperformed the Indian Market which returned 4.3% over the past year.


Shareholder returns

540064IndustryMarket
7 Day-5.1%-1.9%0.2%
30 Day-6.7%-7.0%6.0%
90 Day31.8%25.2%22.4%
1 Year-75.3%-75.3%-33.5%-33.6%5.2%3.3%
3 Year-78.5%-78.5%-26.6%-26.8%3.2%-1.7%
5 Yearn/a-14.3%-22.3%33.2%23.2%

Price Volatility Vs. Market

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


Simply Wall St News

No news available

Valuation

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

7.54x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: Insufficient data to calculate 540064's fair value to establish if it is undervalued.

Significantly Below Fair Value: Insufficient data to calculate 540064's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: 540064 is good value based on its PE Ratio (7.5x) compared to the XA Multiline Retail industry average (23.9x).

PE vs Market: 540064 is good value based on its PE Ratio (7.5x) compared to the Indian market (14.6x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 540064's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 540064 is good value based on its PB Ratio (1.6x) compared to the IN Multiline Retail industry average (7.1x).


Next Steps

Future Growth

How is Future Retail forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

30.9%

Forecasted Retail industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Future Retail has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Future Retail performed over the past 5 years?

41.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 540064 has high quality earnings.

Growing Profit Margin: 540064's current net profit margins (3.3%) are higher than last year (0.3%).


Past Earnings Growth Analysis

Earnings Trend: 540064's earnings have grown significantly by 41.8% per year over the past 5 years.

Accelerating Growth: 540064's earnings growth over the past year (1106.5%) exceeds its 5-year average (41.8% per year).

Earnings vs Industry: 540064 earnings growth over the past year (1106.5%) exceeded the Multiline Retail industry -27.3%.


Return on Equity

High ROE: Whilst 540064's Return on Equity (21.29%) is high, this metric is skewed due to their high level of debt.


Next Steps

Financial Health

How is Future Retail's financial position?


Financial Position Analysis

Short Term Liabilities: 540064's short term assets (₹97.3B) exceed its short term liabilities (₹76.8B).

Long Term Liabilities: 540064's short term assets (₹97.3B) exceed its long term liabilities (₹77.3B).


Debt to Equity History and Analysis

Debt Level: 540064's debt to equity ratio (143.5%) is considered high.

Reducing Debt: Insufficient data to determine if 540064's debt to equity ratio has reduced over the past 5 years.

Debt Coverage: 540064's operating cash flow is negative, therefore debt is not well covered.

Interest Coverage: 540064's interest payments on its debt are not well covered by EBIT (1.8x coverage).


Balance Sheet


Next Steps

Dividend

What is Future Retail current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate 540064's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate 540064's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if 540064's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 540064'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 540064's dividend in 3 years as they are not forecast to pay a notable one for the Indian market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

2.8yrs

Average management tenure


CEO

Rakesh Biyani (48 yo)

0.42

Tenure

₹53,639,600

Compensation

Mr. Rakesh Gopikishan Biyani is Managing Director at Future Retail Limited since March 5, 2020. Mr. Biyani serves as Joint Managing Director at Big Bazaar Pvt., Ltd. He served as the Joint Managing Directo ...


CEO Compensation Analysis

Compensation vs Market: Rakesh's total compensation ($USD716.42K) is above average for companies of similar size in the Indian market ($USD378.62K).

Compensation vs Earnings: Rakesh's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Rakesh Biyani
MD & Director0.42yr₹53.64m0.00039%
₹ 218.4k
Chandra Toshniwal
Chief Financial Officer4.25yrs₹32.94m0.0057%
₹ 3.2m
Virendra Samani
Company Secretaryno data₹4.93m0.0022%
₹ 1.2m
Ashwin Rajan
Chief of Staff-Chairman`s Office2.75yrs₹3.00mno data

2.8yrs

Average Tenure

48yo

Average Age

Experienced Management: 540064's management team is considered experienced (2.8 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Rakesh Biyani
MD & Director0.42yr₹53.64m0.00039%
₹ 218.4k
Kishore Biyani
Executive Chairman4.25yrs₹58.84m0.0016%
₹ 873.7k
Shailendra Bhandari
Independent Director4.33yrs₹4.50m0.0046%
₹ 2.6m
Ravindra Dhariwal
Independent Director4.33yrs₹5.00mno data
Gagan Singh
Independent Director4.33yrs₹4.90mno data
Rahul Garg
Non-Executive Directorno datano datano data
Sridevi Badiga
Additional Independent Director3.33yrs₹4.60mno data

4.3yrs

Average Tenure

61yo

Average Age

Experienced Board: 540064's board of directors are considered experienced (4.3 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 7.9%.


Top Shareholders

Company Information

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


Key Information

  • Name: Future Retail Limited
  • Ticker: 540064
  • Exchange: BSE
  • Founded: 1987
  • Industry: General Merchandise Stores
  • Sector: Retail
  • Market Cap: ₹56.010b
  • Shares outstanding: 542.20m
  • Website: https://www.futureretail.in

Number of Employees


Location

  • Future Retail Limited
  • Knowledge House
  • Shyam Nagar
  • Mumbai
  • Maharashtra
  • 400060
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
540064BSE (Mumbai Stock Exchange)YesEquity SharesININRAug 2016
FRETAILNSEI (National Stock Exchange of India)YesEquity SharesININRAug 2016

Biography

Future Retail Limited engages in retailing fashion, household, and consumer products primarily in India. The company offers large format stores under the Big Bazaar, FBB, Hypercity, and Foodhall brand name ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/08/14 19:31
End of Day Share Price2020/08/14 00:00
Earnings2019/12/31
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.