Key Financials Snapshot

TTM · Consolidated · ₹ in Cr
Market Cap
₹55 Cr.
Stock P/E
7.5
P/B
0.5
Current Price
₹8.3
Book Value
₹ 16.2
Face Value
10
52W High
₹13.2
52W Low
₹ 6.6
Dividend Yield
0%

Future MarketNetwork Overview

Business

Given the name "Future Market Networks Ltd." and its classification in "Business Support," FMNL is inferred to provide specialized services to businesses aimed at enhancing their market understanding, connectivity, and strategic decision-making. This could encompass a range of services such as market intelligence, competitive analysis, trend forecasting, data analytics related to market dynamics, lead generation, sales enablement, or digital marketing support. The core business model likely revolves around offering these services to B2B clients through project-based engagements, recurring retainer agreements, or potentially subscription access to proprietary data/platforms, thereby generating revenue from service fees.

Revenue Mix

Without specific company data, potential key segments, based on the inferred business model, could include:

Market Intelligence & Research: Providing bespoke reports, data feeds, and consulting on industry trends, consumer behavior, and competitive landscapes.

Sales & Marketing Enablement: Offering services such as lead generation, database management, digital campaign execution, and sales process optimization.

Data Analytics & Advisory: Leveraging data science to provide deeper insights, predictive analytics, and strategic recommendations for market entry or product development.

Networking & Partnership Facilitation: Potentially creating platforms or facilitating connections within specific industry ecosystems.

The revenue mix would typically depend on the specific services emphasized and the client base, but often involves a combination of fixed project fees and ongoing service retainers.

Industry

The Business Support industry in India is diverse and highly competitive, ranging from large multinational outsourcing firms to niche domestic service providers. FMNL, operating in the specific area suggested by "Future Market Networks," would likely be positioned within the market research, business intelligence, or specialized marketing services segments. Its positioning would depend on its unique methodologies, technological capabilities, specialization in particular market verticals, and client focus (e.g., SMEs, large corporates, specific industries). Competition would come from other specialized agencies, in-house capabilities of client companies, and potentially broader consulting or IT services firms offering similar solutions as part of a larger portfolio.

MOAT

Potential sources of competitive advantage for a company like FMNL could include:

Specialized Expertise & Methodologies: Deep domain knowledge in specific "future market" trends or proprietary analytical frameworks.

Proprietary Data & Technology: Unique datasets, algorithms, or software platforms that provide superior market insights or service delivery.

Strong Client Relationships & Reputation: A proven track record and long-standing relationships with key clients, leading to recurring business and referrals.

Talent Pool: The ability to attract and retain highly skilled analysts, data scientists, and industry experts.

Network Effects (if applicable): If the "networks" aspect involves a platform where value increases with more participants, this could be a strong moat.

Growth Drivers

Key factors that could drive growth for a business support company focused on market intelligence and networks include:

Increasing Data-Driven Decision Making: Businesses' growing reliance on data and analytics to navigate complex and rapidly evolving markets.

Digital Transformation Initiatives: Companies outsourcing non-core functions like market research, lead generation, and digital marketing to specialized providers.

Expansion into New Geographies/Verticaal: Leveraging existing expertise to tap into new markets or industry sectors.

Technological Advancements: Adoption of AI, Machine Learning, and automation to enhance service delivery, accuracy, and efficiency.

Need for Predictive Insights: The heightened demand for forward-looking market intelligence in volatile economic environments.

Risks

Potential risks for FMNL could include:

Intense Competition: The fragmented nature of the business support industry leads to strong competition from both established players and new entrants.

Talent Attrition: Difficulty in attracting, retaining, and upskilling specialized talent (analysts, data scientists) in a competitive job market.

Technological Obsolescence: Failure to continuously update methodologies and technology in a rapidly evolving digital and data analytics landscape.

Client Concentration: Over-reliance on a few large clients, making revenue vulnerable to client loss or reduced spending.

Data Security & Privacy Concerns: Risks associated with handling sensitive client and market data, including compliance with evolving regulations (e.g., GDPR, India's DPDPA).

Economic Downturns: Reduced corporate spending on discretionary business support services during economic contractions.

Management & Ownership

Without specific details, it's impossible to comment on the actual management quality, promoter background, or specific ownership structure of FMNL. Typically, for an Indian company, the vision and execution capabilities of the promoter group are critical. Management's experience and track record in the specific domain of "market networks" or business intelligence would be a key determinant of success. Ownership would likely involve a mix of promoter holdings, institutional investors, and public shareholders.

Outlook

The broader "Business Support" sector, particularly segments involving market intelligence, data analytics, and digital enablement, presents significant growth opportunities in India due to increasing corporate demand for specialized expertise and efficiency. For a company like FMNL, if it effectively leverages its inferred specialization in "future market networks," it could capitalize on the growing need for data-driven strategic insights. However, the industry is also characterized by intense competition, rapid technological change, and the constant need for skilled talent. FMNL's success will depend on its ability to continuously innovate, maintain strong client relationships, adapt to evolving market demands, and effectively manage operational costs and risks in a dynamic environment.

Future MarketNetwork Share Price

Live · BSE / NSE · Inception: 2008
₹ | |
Volume
Price

Key Financials — Profit & Loss

₹ in Cr · Consolidated · annual

Future MarketNetwork Quarterly Results

#(Fig in Cr.) Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026
Net Sales 23 25 26 26 24 24 24 24 25 25
Other Income 2 1 1 2 2 2 6 3 2 3
Total Income 25 26 27 28 26 26 30 27 28 27
Total Expenditure 17 12 14 15 21 12 15 13 14 14
Operating Profit 8 14 14 14 5 14 15 14 13 13
Interest 4 3 3 3 3 5 5 4 4 4
Depreciation 3 3 3 3 3 8 8 8 8 8
Exceptional Income / Expenses 0 76 0 0 -19 0 0 0 0 0
Profit Before Tax 1 83 7 7 -20 1 2 2 1 1
Provision for Tax 7 1 1 1 10 -0 -0 0 -0 -0
Profit After Tax -6 82 6 6 -30 1 2 2 2 1
Adjustments 1 1 1 1 0 0 1 0 0 1
Profit After Adjustments -5 83 7 6 -30 2 3 2 2 2
Adjusted Earnings Per Share -0.9 14.3 1.1 1.1 -4.9 0.3 0.4 0.3 0.3 0.3

Future MarketNetwork Profit & Loss

#(Fig in Cr.) Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026 TTM
Net Sales 89 87 84 131 127 69 85 92 93 101 99 98
Other Income 26 33 34 17 67 7 4 6 15 7 12 14
Total Income 115 120 118 149 194 76 90 98 108 108 111 112
Total Expenditure 59 76 63 90 73 53 64 42 76 62 54 56
Operating Profit 56 44 55 59 121 23 26 56 32 46 56 55
Interest 56 44 25 20 30 22 21 20 16 12 18 17
Depreciation 32 27 26 26 52 39 19 18 14 14 33 32
Exceptional Income / Expenses 69 0 1 -0 0 0 0 -21 0 57 0 0
Profit Before Tax 37 -27 -10 13 39 -39 -15 1 4 78 7 6
Provision for Tax -66 1 4 3 9 -8 13 11 12 13 -1 0
Profit After Tax 104 -28 -15 10 30 -31 -28 -9 -8 65 8 7
Adjustments 0 1 -0 -0 -0 -0 -0 0 2 1 0 2
Profit After Adjustments 104 -27 -15 10 30 -31 -28 -9 -6 66 8 9
Adjusted Earnings Per Share 18.4 -4.8 -2.6 1.8 5.2 -5.4 -4.9 -1.6 -1.1 10.9 1.2 1.3

Future MarketNetwork Balance Sheet

#(Fig in Cr.) Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Shareholder's Funds 200 194 179 179 170 111 42 33 22 100 111
Minority's Interest 4 4 19 5 5 2 3 2 0 -1 1
Borrowings 164 87 40 0 0 0 99 82 79 69 60
Other Non-Current Liabilities 1 -28 26 -35 139 98 98 86 -19 52 23
Total Current Liabilities 441 559 390 429 382 353 260 266 201 98 94
Total Liabilities 810 816 654 580 696 564 501 469 284 318 289
Fixed Assets 227 266 131 107 231 167 147 135 43 110 79
Other Non-Current Assets 383 195 277 224 217 176 171 175 170 125 122
Total Current Assets 192 355 184 143 210 184 183 159 71 83 89
Total Assets 810 816 654 580 696 564 501 469 284 318 289

Future MarketNetwork Cash Flow

#(Fig in Cr.) Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Opening Cash & Cash Equivalents -4 -5 0 35 29 17 18 22 37 15 7
Cash Flow from Operating Activities -5 -6 101 25 -81 -30 -35 82 -18 3 41
Cash Flow from Investing Activities 47 80 44 65 108 67 1 -29 6 -4 -23
Cash Flow from Financing Activities -43 -69 -116 -87 -38 -37 38 -38 -10 -7 -19
Net Cash Inflow / Outflow -1 5 29 3 -12 1 4 15 -22 -8 -1
Closing Cash & Cash Equivalent -5 0 33 29 17 18 22 37 15 7 6

Future MarketNetwork Ratios

# Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Earnings Per Share (Rs) 18.44 -4.79 -2.6 1.76 5.16 -5.37 -4.91 -1.57 -1.08 10.89 1.24
CEPS(Rs) 24.2 -0.13 2.04 6.46 14.35 1.36 -1.64 1.46 0.96 12.93 6.32
DPS(Rs) 0 0 0 0 0 0 0 0 0 0 0
Book NAV/Share(Rs) 35.56 34.4 31.78 31.86 29.58 19.23 7.27 5.7 3.88 15.16 16.26
Core EBITDA Margin(%) 33.28 12.16 25.43 31.57 42.75 22.63 24.83 54.03 18.59 38.96 44.81
EBIT Margin(%) 104.1 18.74 16.83 25.64 55.03 -23.64 6.74 23.59 21.26 89.46 25.21
Pre Tax Margin(%) 41.71 -31.38 -12.33 10.12 31.09 -56.02 -18.11 1.56 4.21 77.24 7.02
PAT Margin (%) 116.14 -32.28 -17.31 7.65 23.74 -44.62 -32.89 -10.11 -8.82 63.95 7.75
Cash Profit Margin (%) 152.44 -0.85 13.64 27.7 65.14 11.37 -11.06 9.11 5.95 77.66 40.82
ROA(%) 9.6 -3.45 -1.98 1.63 4.72 -4.89 -5.27 -1.93 -2.18 21.48 2.52
ROE(%) 58.03 -14.28 -7.83 5.61 17.22 -21.92 -36.78 -25.04 -29.74 113.04 7.81
ROCE(%) 12.61 2.91 2.97 8.98 27.5 -11.29 4.41 15.83 16.14 59.95 13.23
Receivable days 248.49 89.17 67.69 38.82 69.86 168.6 94.04 69.35 53.55 31.7 29.94
Inventory Days 116.67 41.84 40.04 25.53 25.64 45.64 36.89 26.48 18.03 14.05 12.53
Payable days 4499.42 2002.63 0 0 3156.75 0 0 745.61 4882.46 1792.44 0
PER(x) 1.32 0 0 24.22 1.8 0 0 0 0 1.4 5.76
Price/Book(x) 0.69 2.14 3.48 1.34 0.31 0.62 1.12 0.69 1.52 1.01 0.44
Dividend Yield(%) 0 0 0 0 0 0 0 0 0 0 0
EV/Net Sales(x) 5.84 8.62 10.09 2.95 0.38 0.83 1.58 1.09 1.27 1.68 1.21
EV/Core EBITDA(x) 9.31 17.18 15.41 6.58 0.4 2.5 5.26 1.81 3.66 3.69 2.11
Net Sales Growth(%) -43.15 -2.43 -3.17 55.81 -3.43 -45.57 23.57 8.38 0.68 8.57 -2.44
EBIT Growth(%) 6171.83 -82.46 -13.01 10.07 107.28 -123.7 135.22 279.53 -9.29 356.92 -72.51
PAT Growth(%) 233.52 -127.09 48.08 454.48 199.68 -205.59 8.92 66.67 12.24 887.65 -88.18
EPS Growth(%) 232.54 -125.95 45.68 167.89 192.24 -204.13 8.52 68.13 31.28 1112.01 -88.58
Debt/Equity(x) 1.93 1.77 1.33 0.86 0.02 0.04 2.48 2.96 4.16 0.94 0.76
Current Ratio(x) 0.43 0.63 0.47 0.33 0.55 0.52 0.7 0.6 0.35 0.85 0.94
Quick Ratio(x) 0.41 0.62 0.45 0.31 0.53 0.5 0.67 0.58 0.33 0.81 0.91
Interest Cover(x) 1.67 0.37 0.58 1.65 2.3 -0.73 0.27 1.07 1.25 7.32 1.39
Total Debt/Mcap(x) 2.81 0.83 0.38 0.64 0.07 0.06 2.22 4.27 2.74 0.93 1.72

Growth Rates

Compounded annual
# 1 Year 3 Year 5 Year 10 Year
Sales CAGR -2% +2% +7% +1%
Operating Profit CAGR +22% 0% +19% 0%
PAT CAGR -88% — — -23%
Share Price CAGR -24% +13% -2% -12%
ROE Average +8% +30% +6% +6%
ROCE Average +13% +30% +22% +14%

Future MarketNetwork Shareholding Pattern

Latest · Jun 2026
100% held
Promoters 69.95 %
FII 0 %
DII (MF + Insurance) 0 %
Public (retail) 30.05 %
# Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026
Promoter 65.3165.3165.3166.9266.9266.9266.9266.9268.4869.95
FII 0000000000
DII 0000000000
Public 34.6934.6934.6933.0833.0833.0833.0833.0831.5230.05
Others 0000000000
Total 100100100100100100100100100100

Future MarketNetwork Peer Comparison

Business Support Edit Columns

Future MarketNetwork Quarterly Price

10-year quarterly close · BSE
Show Value Show %

News & Updates

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Future MarketNetwork Pros & Cons

Pros

  • Stock is trading at 0.5 times its book value
  • Company has a good return on equity (ROE) track record: 3 Years ROE 30%
  • Debtor days have improved from 1792.44 to 0days.
  • Company has reduced debt.

Cons

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