New Risk • Aug 04
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 6.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Latest financial reports are more than 1 year old (reported June 2022 fiscal period end). Market cap is less than US$10m (₹103.1m market cap, or US$1.18m). Minor Risk Share price has been volatile over the past 3 months (6.9% average weekly change). New Risk • Sep 05
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 8.2% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Latest financial reports are more than 1 year old (reported June 2022 fiscal period end). Market cap is less than US$10m (₹142.2m market cap, or US$1.69m). Minor Risk Share price has been volatile over the past 3 months (8.2% average weekly change). New Risk • Nov 30
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Indian stocks, typically moving 9.0% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Latest financial reports are more than 1 year old (reported June 2022 fiscal period end). Share price has been highly volatile over the past 3 months (9.0% average weekly change). Market cap is less than US$10m (₹480.5m market cap, or US$5.76m). Minor Risk Negative equity (-₹1.4b). New Risk • Aug 11
New major risk - Financial data availability The company's latest financial reports are more than a year old. Last reported fiscal period ended June 2022. This is considered a major risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. In the worst case scenario, it may be facing other major going concern issues jeopardizing its viability as a listed company. Currently, the following risks have been identified for the company: Major Risks Latest financial reports are more than 1 year old (reported June 2022 fiscal period end). Share price has been highly volatile over the past 3 months (9.2% average weekly change). Market cap is less than US$10m (₹430.1m market cap, or US$5.19m). Minor Risk Negative equity (-₹1.4b). Announcement • Jun 05
Reliance Retail, 6 Others Give EoIs for Future Firm Reliance Retail Limited and six other prospective bidders have submitted expressions of interest (EoIs) for Future Supply Chain Solutions Limited (FSCS), a Future Group firm that is under insolvency proceedings. One City Infrastructure, Globe Ecologistics Private Limited, The Shanti G.d. Ispat And Power Private Limited, Camions Logistics Solutions Pvt. Ltd., Tatkal Loan India and Sugna Metals are the other firms in the fray. The resolution professional is verifying the EoIs, FSCS said in a stock exchange update. The resolution professional will submit the final list of the prospective resolution applicants on June 14, 2023 it added. FSCS, which was admitted to bankruptcy proceedings by the National Company Law Tribunal's Mumbai bench earlier this year, used to manage Future Group's warehousing and logistics requirements. The company was admitted to bankruptcy on a petition filed by DHL Ecommerce (India), alleging default in payments. Two other operational creditors – Best Roadways and Leap India – had also moved the National Company Law Tribunal. Earlier on June 2, Future Lifestyle Fashions (FLFL), another Future Group firm that is under insolvency proceedings, received claims totaling INR 21.5553 billion from 12 financial creditors including from the State Bank of India. Of the total, INR 21.17 billion have been admitted, while claims worth INR 0.385 billion are under verification. Apart from SBI, Centbank Financial Services, Bank of India (BoI), Bank of Baroda (BoB), IDBI Bank, HSBC and HDFC Bank are among the 12 financial creditors who have staked claims, it said in a stock update. On May 4, NCLT's Mumbai bench had admitted FLFL for a corporate insolvency resolution process (CIRP) following a petition filed by Bank of India after payment defaults. The tribunal also appointed Ravi Sethia as the resolution professional. Announcement • Jan 14
Future Supply Chain Solutions Limited Announces Management Resignations Future Supply Chain Solutions Limited announced that Mr. Vairavan Thangavelu - Deputy Chief Financial Officer of company has submitted notice of resignation vide its letter dated 4th November, 2022 and completed his notice period on 8th December 2022. Consequent to the said resignation notice, he shall also cease to be a `Key Managerial Personnel' (KMP) as well as Chief Financial Officer of the Company after completion of notice period. The company further write to inform that, Mr. Amar Sapra (DIN: 05178849) and Mr. Rohit Malhotra (DIN: 07663003), Independent Directors have resigned from Board of Directors of the Company and various committees of the Board with effect from close of business hours on 12th January, 2023, due to chances of revival of company looks impossible and company being admitted to the Corporate Insolvency Resolution Process. Reported Earnings • Jul 26
Full year 2022 earnings released: ₹159 loss per share (vs ₹42.01 loss in FY 2021) Full year 2022 results: ₹159 loss per share (down from ₹42.01 loss in FY 2021). Revenue: ₹6.84b (up 47% from FY 2021). Net loss: ₹6.98b (loss widened 279% from FY 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 47 percentage points per year, which is a significant difference in performance. Board Change • Apr 01
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 5 experienced directors. 2 highly experienced directors. Non-Executive Non-Independent Director Shinichi Kakiyama was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Board Change • Mar 02
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 5 experienced directors. 2 highly experienced directors. Non-Executive Non-Independent Director Shinichi Kakiyama was the last director to join the board, commencing their role in 2021. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Feb 08
Third quarter 2022 earnings: EPS and revenues miss analyst expectations Third quarter 2022 results: ₹0.98 loss per share (up from ₹9.41 loss in 3Q 2021). Revenue: ₹1.94b (up 67% from 3Q 2021). Net loss: ₹42.9m (loss narrowed 90% from 3Q 2021). Revenue missed analyst estimates by 8.6%. Earnings per share (EPS) were also behind analyst expectations. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 42 percentage points per year, which is a significant difference in performance. Reported Earnings • Oct 30
Second quarter 2022 earnings released: ₹6.10 loss per share (vs ₹15.67 loss in 2Q 2021) The company reported a solid second quarter result with reduced losses, improved revenues and improved control over expenses. Second quarter 2022 results: Revenue: ₹1.70b (up 62% from 2Q 2021). Net loss: ₹267.9m (loss narrowed 61% from 2Q 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 53 percentage points per year, which is a significant difference in performance. Reported Earnings • Aug 11
First quarter 2022 earnings released: ₹9.71 loss per share (vs ₹12.63 loss in 1Q 2021) The company reported a solid first quarter result with reduced losses, improved revenues and improved control over expenses. First quarter 2022 results: Revenue: ₹1.36b (up 43% from 1Q 2021). Net loss: ₹426.1m (loss narrowed 23% from 1Q 2021). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 62 percentage points per year, which is a significant difference in performance. Executive Departure • Jul 01
Additional Non-Executive & Non-Independent Director Hiroyuki Tanaka has left the company On the 24th of June, Hiroyuki Tanaka's tenure as Additional Non-Executive & Non-Independent Director ended after 1.5 years in the role. We don't have any record of a personal shareholding under Hiroyuki's name. A total of 3 executives have left over the last 12 months. Reported Earnings • Jun 26
Full year 2021 earnings released: ₹42.01 loss per share (vs ₹1.39 loss in FY 2020) The company reported a poor full year result with increased losses, weaker revenues and weaker control over costs. Full year 2021 results: Revenue: ₹4.66b (down 59% from FY 2020). Net loss: ₹1.84b (loss widened ₹1.79b from FY 2020). Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 66 percentage points per year, which is a significant difference in performance. Is New 90 Day High Low • Mar 06
New 90-day low: ₹91.45 The company is down 12% from its price of ₹104 on 04 December 2020. The Indian market is up 16% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Logistics industry, which is up 15% over the same period. Is New 90 Day High Low • Sep 23
New 90-day low: ₹105 The company is down 35% from its price of ₹162 on 25 June 2020. The Indian market is up 8.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Logistics industry, which is up 22% over the same period.