Future Enterprises quarterly results and financials

Future Enterprises (FEL)₹0.28000.00%(9 Nov 2026 close)Diversified Retail

Key facts

In the Mar 2023 quarter (standalone), Future Enterprises reported sales of ₹7.99 Cr, down 97.5% from Mar 2022, and net profit of −₹1,421 Cr. For the year to Mar 2023, sales were ₹105 Cr and net profit −₹678 Cr.

Sales (Mar 2023): ₹7.99 Cr
Net profit (Mar 2023): −₹1,421 Cr
Sales (FY Mar 2023): ₹105 Cr
Net profit (FY Mar 2023): −₹678 Cr
EPS (Mar 2023): ₹−31.27
Borrowings (Mar 2023): ₹5,387 Cr

Company filings, standalone accounts; latest reported quarter Mar 2023

Future Enterprises quarterly results

₹ crore unless stated; each column is a quarter.

Future Enterprises Quarterly results
	Jun 2020	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023
Sales	66.92	117	324	378	289	513	388	322	61.91	23.97	10.99	7.99
Expenses	60.06	92.09	292	318	259	494	369	671	77.05	32.01	18.99	1,342
Operating Profit	7.02	25.08	32.11	60.23	31.12	22.07	19.07	−351	−15.04	−8.02	−8.03	−1,339
OPM %	10.9%	22.0%	9.9%	16.0%	10.9%	4.2%	4.8%	−109.1%	−25.0%	−32.1%	−74.1%	−16,906.1%
Other Income	115	13.03	5.01	0.00	5.01	7.02	5.01	−857	1,042	0.00	4.01	1.01
Interest	175	175	185	183	179	154	172	177	2.99	3.99	3.99	2.99
Depreciation	225	121	131	130	132	133	131	126	85.75	85.69	85.67	85.64
Profit before tax	−279	−258	−280	−252	−276	−259	−280	−1,508	934	−97.93	−93.91	−1,420
Tax %	0.0%	0.0%	0.0%	−7.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%
Exceptional items	0.00	0.00	0.00	0.00	0.00	0.00	0.00	−861	0.00	0.00	0.00	0.00
Net Profit	−279	−258	−280	−234	−276	−259	−280	−1,510	935	−97.99	−94.02	−1,421
EPS (Rs)	−6.13	−5.66	−6.16	−5.13	−6.08	−5.70	−6.16	−33.20	20.57	−2.14	−2.07	−31.27

Future Enterprises profit and loss

₹ crore unless stated; years end in March. TTM is the last four quarters.

Future Enterprises Profit and loss
	Dec 2012 18m	Mar 2014 15m	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Sales	6,977	11,562	10,323	8,347	3,778	4,179	4,561	4,035	886	1,513	105	105
Expenses	6,189	10,489	9,184	7,315	2,795	3,088	3,232	2,903	751	1,792	1,470	1,470
Operating Profit	809	1,098	1,163	1,049	990	1,100	1,337	1,148	137	−280	−1,370	−1,370
OPM %	11.9%	8.9%	10.9%	11.9%	25.9%	26.0%	28.9%	27.9%	15.0%	−18.1%	−1,306.1%	−1,306.7%
Other Income	256	3.01	84.12	25.02	198	151	22.05	27.05	123	−840	1,047	1,047
Interest	459	692	668	496	507	567	582	635	715	681	14.96	13.96
Depreciation	311	403	511	545	631	695	766	859	608	522	342	343
Profit before tax	288	0.99	60.96	26.99	43.94	−18.98	1.99	−325	−1,067	−2,323	−677	−678
Tax %	5.0%	−121.0%	−21.0%	21.0%	0.0%	−35.0%	−972.0%	−11.0%	−2.0%	0.0%	0.0%	—
Exceptional items	227	−55.12	47.11	−18.05	118	121	−5.01	−15.04	92.20	−861	0.00	0.00
Net Profit	273	3.01	73.97	21.01	44.03	−12.01	24.01	−288	−1,051	−2,325	−678	−678
EPS (Rs)	7.81	0.09	1.90	0.56	0.99	−0.28	0.54	−6.35	−23.07	−51.11	−14.91	−14.91
Dividend payout %	9.0%	495.0%	34.1%	20.0%	22.0%	0.0%	0.0%	0.0%	0.0%	0.0%	0.0%	—

Future Enterprises balance sheet

₹ crore, at each year end.

Future Enterprises Balance sheet
	Jun 2011	Dec 2012	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Equity Capital	43.01	45.98	46.05	82.97	85.99	94.97	99.03	99.03	98.99	99.12	99.06	99.12
Reserves	2,772	3,280	3,208	5,124	3,382	3,720	3,813	3,864	3,533	2,479	152	−527
Borrowings	2,087	3,497	6,254	4,805	4,810	5,078	5,712	6,419	5,904	6,330	6,996	5,387
Other Liabilities	1,432	1,780	1,941	2,602	1,347	1,333	1,267	1,672	4,201	1,281	746	730
Total Liabilities	6,334	8,604	11,450	12,613	9,626	10,225	10,891	12,054	13,735	10,188	7,992	5,689
Fixed Assets	1,464	2,278	4,332	4,822	5,266	5,838	6,422	6,983	7,472	4,020	3,452	3,095
CWIP	100	210	364	275	421	387	584	523	625	92.14	0.00	0.00
Investments	2,253	2,282	1,350	1,297	1,419	1,405	1,122	1,152	1,279	1,205	1,028	802
Other Assets	2,518	3,834	5,403	6,220	2,520	2,596	2,764	3,395	4,359	4,871	3,513	1,792
Inventories	1,765	2,144	3,121	3,531	862	875	1,090	1,247	1,206	1,087	375	72.21
Trade receivables	178	165	314	398	256	367	488	534	1,521	2,063	1,454	30.01
Cash & equivalents	85.94	55.95	102	104	77.87	46.90	36.95	25.96	22.96	48.94	9.99	7.99
Total Assets	6,334	8,604	11,450	12,613	9,626	10,225	10,891	12,054	13,735	10,188	7,992	5,689

Future Enterprises cash flow

₹ crore, for each year.

Future Enterprises Cash flow
	Jun 2011	Dec 2012	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Cash from operating activity	142	−4.99	−71.99	966	979	782	862	1,089	2,827	−3,369	232	1,071
Cash from investing activity	−778	−1,033	−1,749	−792	−1,304	−663	−1,032	−1,269	−1,538	3,549	18.96	551
Cash from financing activity	660	993	1,884	−225	340	−140	156	178	−1,293	−159	−279	−1,620
Net cash flow	23.90	−44.83	64.74	−52.77	12.95	−21.92	−14.94	−4.98	−11.95	27.91	−28.88	−1.99
Capex	589	1,280	2,700	1,070	1,466	1,202	1,520	1,276	1,468	110	9.01	0.00
Free cash flow	−393	−1,275	−2,751	5.01	−239	−421	−659	−188	1,361	124	224	1,085
CFO / OP %	38.0%	1.0%	−5.0%	85.0%	97.0%	72.0%	77.0%	78.0%	243.9%	−2,523.0%	−84.0%	−78.0%

Future Enterprises ratios

Working-capital days and returns, by year.

Future Enterprises Ratios
	Jun 2011	Dec 2012	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Debtor days	16	9	10	14	11	35	43	43	137	849	350	105
Inventory days	243	176	134	174	52	119	135	150	162	607	85	76
Days payable	129	67	53	101	39	65	60	79	126	411	156	374
Cash conversion cycle	129	118	91	87	24	89	117	113	172	1,044	279	−193
Working capital days	78	32	36	51	34	121	111	97	−145	35	−1,175	−20,354
ROCE %	7.1%	9.1%	9.1%	7.1%	6.0%	5.0%	5.0%	6.0%	3.0%	−5.0%	−9.9%	−10.9%

Future Enterprises: frequently asked questions

What are the latest quarterly results of Future Enterprises?

For the Mar 2023 quarter, Future Enterprises reported sales of ₹7.99 Cr, down 97.5% year on year and net profit of −₹1,421 Cr. The operating margin was −16,906.1%.

What is the annual revenue of Future Enterprises?

Future Enterprises' sales for the year to Mar 2023 were ₹105 Cr; over the last twelve months they were ₹105 Cr.

What is the net profit of Future Enterprises?

Net profit for the year to Mar 2023 was −₹678 Cr, and −₹678 Cr over the last twelve months. Earnings per share over the same trailing period were ₹−14.91.

How much debt does Future Enterprises have?

Future Enterprises reported borrowings of ₹5,387 Cr at Mar 2023, against cash and equivalents of ₹7.99 Cr.

What is the free cash flow of Future Enterprises?

Cash from operations was ₹1,071 Cr in the year to Mar 2023; after capital spending, free cash flow was ₹1,085 Cr.

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