Future Retail Ltd

FRETAIL
Consumer DiscretionaryRetail - Department Stores
SmallcapWith a market cap of ₹618 cr, stock is ranked 1,178
High RiskStock is 3.71x as volatile as Nifty
11.400.60 (-5.00%)

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Consumer DiscretionaryRetail - Department Stores
SmallcapWith a market cap of ₹618 cr, stock is ranked 1,178
High RiskStock is 3.71x as volatile as Nifty

Key Metrics

PE RatioPE Ratio
-0.19
PB RatioPB Ratio
0.57
Dividend YieldDiv. Yield
Sector PESector PE
172.30
Sector PBSector PB
5.70
Sector Div YldSctr Div Yld
0.60%

Forecast & RatingsDetailed Forecast 

Forecast data is currently unavailable for this stock

Price

Price Upside

Earnings

Earnings Growth

Revenue

Rev. Growth

See Detailed Forecast

Company Profile

Future Retail Limited is a retail company that is engaged in multi-brand retail trade.

Brands

Big Bazaar

Departmental Stores

Heritage Fresh

Dairy company

Foodworld

Supermarket chain

Ezone

Electronics retailer

Brands

Big Bazaar

Departmental Stores

Heritage Fresh

Dairy company

Foodworld

Supermarket chain

Ezone

Electronics retailer

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Financial TrendFinancial statements 

201820192020202120.1220.3620.426.560.010.730.01-3.19
Revenue
Profit
Loss
All values in ₹ Thousand cr.
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Holdings TrendDetailed holdings 

Decreased Total Promoter Holding
Increasing promoter holding is considered good and reflects management’s positive view about the future outlook

In last 6 months, promoter holding in the company has decreased by 5.55%

Low Pledged Promoter Holding
Lower pledged promoter holdings is considered better

Pledged promoter holdings is insignificant

Mutual Fund Holding
Increasing Mutual Fund holdings are generally considered good, as it reflects that fund managers are becoming more bullish about the stock

In last 3 months, mutual fund holding of the company has almost stayed constant

See detailed holdings

Recent EventsAll events 

Clarification 
Announced OnMay 16, 2022
The Exchange has sought clarification from Future Retail Limited with respect to the several intimations submitted by the Company in relation to the updates filed in the ongoing matter of the Scheme of Arrangement. Relevant extracts from the intimations referred above are set out below:(i) The Company has been finding it difficult to finance the working capital needs. Increasing losses at store level is a grave concern and is a vicious cycle where larger operations are leading to higher losses. The Company has made a loss of Rs. 4,445 crore in the last four quarters. Termination notices have been received for significant number of stores due to huge outstanding, and we would no longer have access to such store premises. (ii) The Company has received certain termination notice(s) in respect of sub-leased properties from Reliance entities as intimated in the above referred communication.(iii) Since the last week of February 2022, Reliance Group has unilaterally terminated the leases and forcefully taken over control of hundreds of Future Retail¬タルs storesIn view of the above, the company is requested to provide the detailed chorological of events on the above subject matter till date. Company is also requested to comment on the actions initiated to secure the assets of the Company. The response of the company is awaited.
The Exchange has sought clarification from Future Retail Limited with respect to the several intimations submitted by the Company in relation to the updates filed in the ongoing matter of the Scheme of Arrangement. Relevant extracts from the intimations referred above are set out below:(i) The Company has been finding it difficult to finance the working capital needs. Increasing losses at store level is a grave concern and is a vicious cycle where larger operations are leading to higher losses. The Company has made a loss of Rs. 4,445 crore in the last four quarters. Termination notices have been received for significant number of stores due to huge outstanding, and we would no longer have access to such store premises. (ii) The Company has received certain termination notice(s) in respect of sub-leased properties from Reliance entities as intimated in the above referred communication.(iii) Since the last week of February 2022, Reliance Group has unilaterally terminated the leases and forcefully taken over control of hundreds of Future Retail¬タルs storesIn view of the above, the company is requested to provide the detailed chorological of events on the above subject matter till date. Company is also requested to comment on the actions initiated to secure the assets of the Company. The response of the company is awaited.
Resignation 
Announced OnMay 13, 2022

Future Retail Limited has informed the Exchange about resignation of CP Toshniwal as Chief Financial Officer of the company w.e.f. 12-May-2022 | Download

Future Retail Limited has informed the Exchange about resignation of CP Toshniwal as Chief Financial Officer of the company w.e.f. 12-May-2022 | Download

Credit Rating 
Announced OnMay 5, 2022

Future Retail Limited has informed the Exchange about Assignment of Credit Rating | Download

Future Retail Limited has informed the Exchange about Assignment of Credit Rating | Download

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