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Future Retail Ltd

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NSEBSE

3.30-0.15 (-4.35%)

03:53 PM,22nd Sep 2023

3.31-0.17 (-4.89%)

04:01 PM,22nd Sep 2023

BSE : 540064

NSE : FRETAIL

Sector : Others

ISIN Code : INE752P01024

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Last Updated: Sep 22 2023 | 04:01 PM IST

Market Cap (₹ Cr)

178

Turnover (₹ Cr)

0.03

Volume (Shares)

799492

Face Value

2

52-WK High

4.10

52-WK High Date

10 Jan 2023

52-WK Low

2.00

52-WK Low Date

03 Apr 2023

All Time High

653.11

All Time High Date

24 Nov 2017

All Time Low

2.00

All Time Low Date

03 Apr 2023

Future Retail Ltd

Future Retail Ltd. (formerly known as Bharti Retail Ltd.) was incorporated in February 07 2007. The company is engaged in the business of retailing of fashion household and consumer products through departmental and neighbourhood stores under various formats across the country.Future Retail Ltd is the flagship company of Future Group India's retail pioneer catering to the entire Indian consumption space. Through multiple retail formats the company connects a diverse and passionate community of Indian buyers sellers and businesses. The Company has been able to develop presence across India with good loyal customer base of approximately 50 million members across India as of March 31 2019.Future Retail operates multiple retail formats in both the hypermarket supermarket and home segments of the Indian consumer market including: Big Bazaar Easyday Fashion at Big Bazaar Foodhall Home Town EzoneAs India's leading retailer Future Retail inspires trust through innovative offerings quality products and affordable prices that help customers achieve a better quality of life every day. The Company has a pan India presence with 1511 stores serving customers in nearly 428 cities through over 16.14 million square feet of total retail space for various formats of the Company as on March 31 2019. The company added 21 new large stores during the year 2019.On 7 November 2016 Future Retail announced that the company's Board of Directors has approved a proposed consolidation of the retail and allied businesses of Heritage Foods Limited. The retail business of Heritage Foods includes the popular Heritage store chain of 124 stores in three key southern cities of Hyderabad Bangalore and Chennai. These retail stores compliment well with Future Retail's existing network of 379 small formats EasyDay stores in northern cities of India. The retail and allied businesses of Heritage Foods posted revenue of Rs 629.70 crore during the financial year 2015-16. On closure of the transaction Heritage Foods will own 3.65% of the shareholding in Future Retail through fresh issuance of shares by the company. As part of the scheme of arrangement for the acquisition Heritage Foods will spin off its retail bakery agri-sourcing and veterinary care business in a fully owned subsidiary. Subsequently all these businesses except veterinary care will then be merged with Future Retail.The Board of Directors of Future Retail at its meeting held on 20 April 2017 considered and approved segregation of the Home Retail Business of the company operated through HomeTown stores into Praxis Home Retail Private Limited by way of a demerger. The proposed segregation would be carried out vide a Composite Scheme of Arrangement between Future Retail and Bluerock eServices Private Limited (BSPL) and Praxis Home Retail Private Limited (PHRPL or the resulting company) and their respective shareholders. In consideration of the demerger of the Home Retail Business of FRL into PHRPL in terms of the scheme PHRPL will issue one fully paid up equity share of Rs 5 each to the equity shareholders of FRL as on the record date for every 20 fully paid up equity shares of Rs 2 each of FRL. The equity shares of PHRPL to be issued to the shareholders of FRL pursuant to the scheme shall be listed on the stock exchanges. The Board of Directors of Future Retail at its meeting held on 20 April 2017 approved increase in the investment limit of Registered Foreign Portfolio Investors (including FIIs) in equity share capital of the company from present 24% to 49% of the company's total paid-up equity share capital. The Board of Directors of Future Retail at its meeting held on 5 October 2017 considered and approved the acquisition of entire equity share capital of M/s Hypercity Retail (India) Limited (HRIL) from its existing shareholders for part cash and part share consideration aggregating up to Rs 655 crore. HRIL is mainly into retail business and operating its various stores across India and does not have any overseas presence. HRIL clocked turnover of Rs 1191 crore in FY 2016-17.The Board of Directors of Future Retail at its meeting held on 6 December 2017 considered and approved the Scheme of Arrangement between Hypercity Retail (India) Limited (HRIL) and Future Retail Limited. The Scheme inter-alia provides for the demerger of Retail Business Undertaking of HRIL into the company and for reorganisation and reclassification of balance lying in the Capital Reserve Account into Securities Premium Account of the company. HRIL is a wholly owned subsidiary of Future Retail. On 13 March 2018 Future Retail announced that the company has entered into Shareholders Agreement on 13 March 2018 with Khimji Ramdas LLC a leading business conglomerate in Oman for the formation of a joint venture company to undertake business to operate 'fbb' brand fashion outlets commencing in Oman and across other member states of GCC.On 1 June 2018 Future Retail announced that it has completed the acquisition of the Retail Business Undertaking operated under the brand name 'Foodworld' (Foodworld Business) from Foodworld Supermarkets Private Limited (FSPL) in terms of Business Transfer Agreement and other related documents (the Agreement) which were executed between the company FSPL and erstwhile Promoters of FSPL for acquisition of Foodworld Business. FSPL originally incorporated on 25 August 1999 is mainly into retail business format in food FMCG and general merchandise category. For FY 2017-18 FSPL clocked turnover of Rs 119 crore on provisional basis.During the year under review the Company executed necessary agreements and on May 11 2018 acquired the entire equity share capital of Travel News Services (India) Private Limited (TNSI) from its existing shareholders for cash consideration. Consequent to this TNSI became a wholly owned subsidiary of the Company. In addition to this TNSI Retail Private Limited a wholly owned subsidiary of TNSI and Welcome Retail Private Limited a joint venture of TNSI in which TNSI holds 51% of the share capital also became step down subsidiaries of the Company effective from the same date i.e. May 11 2018.During the year under review the Company acquired the entire equity share capital of SHME (now known as SHME Food Brands Limited) for cash consideration of Rs. 0.01 crore from its existing shareholders on February 28 2019 and accordingly SHME became a wholly owned subsidiary of the Company.The Board of Directors of the Company had approved the acquisition of entire equity share capital of its subsidiary namely Travel News Services (India) Pvt. Ltd. (TNSI) and also executed necessary agreement(s) and related documents for the said transaction. On May 11 2018 the Company has paid Rs. 65.42 crore in cash (after adjustments) to the existing shareholders of TNSI towards the said acquisition. Further on March 29 2019 the Company had made an additional investment by subscribing 3400000 7% Cumulative Redeemable Preference Shares of Rs. 100/- each aggregating to Rs. 34 crore in cash.During the year 2019 the Company's joint venture company (JVC) viz; Future Retail LLC had in aggregate invested fund to the tune of Rs. 4.57 crore towards total 250000 shares of Omani Rial 1 each in the share capital and accordingly it holds 50% of JV Company.

Future Retail Ltd - Key Fundamentals

PARAMETER VALUES
Market Cap (₹ Cr)

178

EPS - TTM (₹) [S]

0.00

P/E Ratio (X) [S]

-0.16

Face Value (₹) 2
Latest Dividend (%)-
Latest Dividend Date -
Dividend Yield (%) -
Book Value Share (₹) [S]-20.61
P/B Ratio (₹) [S]-0.16
[*C] Consolidated [*S] Standalone

Funds Owing this Stock

Scheme Name Amount Invested ( ₹ Cr ) No Of Shares Net Asset (%)
Nippon India Nifty Smallcap 250 Index Fund (G) 0.49 99140 0.19
Nippon India Nifty Smallcap 250 Index Fund (IDCW) 0.49 99140 0.19
Nippon India Nifty Smallcap 250 Index Fund-Dir (G) 0.49 99140 0.19
Nippon India Nifty Smallcap 250 Index Fund-D(IDCW) 0.49 99140 0.19
Motilal Oswal Nifty Smallcap 250 Index Fund (G) 0.47 95041 0.19
Motilal Oswal Nifty Smallcap 250 Index Fund-Dir(G) 0.47 95041 0.19
ICICI Pru Nifty Smallcap 250 Index Fund (G) 0.07 15294 0.19
ICICI Pru Nifty Smallcap 250 Index Fund - Dir (G) 0.07 15294 0.19
ICICI Pru Nifty Smallcap 250 Index Fund - Dir (IDCW) 0.07 15294 0.19
Motilal Oswal Nifty 500 Index Fund (G) 0.04 7295 0.01

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Research Reports

Date BrokerActionPrices(Rs)Report
Data Not Found

Stock Strength

Today's Low/High

3.30

3.40

Week Low/High

3.30

4.00

Month Low/High

2.75

4.00

Year Low/High

2.00

4.00

All time Low/High

2.10

653.00

Share Price Returns

Period BSENSE SENSEXNIFTY
1 Week-9.09%-8.33%-2.70-2.57%
1 Month%%1.211.43%
3 Month14.58%17.86%4.384.81%
6 Month29.92%29.41%13.6615.00%
1 Year%%11.6511.60%
3 Year-96.37%-96.37%74.9376.39%

Financials

Graph
Table

Bulk/ Block

ALL
NSE
BSE
ALL
BUY
SELL
DateClient NameExchangeTransactionQuantityPrice
19-08-2022VISTRA ITCL INDIA LIMITEDNSESELL29160424.01
04-08-2022VISTRA ITCL INDIA LIMITEDNSESELL36146685.25
28-06-2022ALPHA LEON ENTERPRISES LLPNSESELL30133766.60
28-06-2022ALPHA LEON ENTERPRISES LLPNSEBUY25127356.55
14-06-2022VISTRA ITCL INDIA LIMITEDNSESELL47000008.85
13-06-2022VISTRA ITCL INDIA LIMITEDNSESELL65000008.45
13-06-2022YUGA STOCKS AND COMMODITIES PRIVATE LIMITED .NSESELL25001048.45
13-06-2022YUGA STOCKS AND COMMODITIES PRIVATE LIMITED .NSEBUY30001048.45
08-06-2022ASHWIN STOCKS AND INVESTMENT PRIVATE LIMITEDNSESELL1403317.34
08-06-2022ASHWIN STOCKS AND INVESTMENT PRIVATE LIMITEDNSEBUY29196017.35

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Peer Group Comparison

NamePrice(In Rs)Chg(%)Mkt Cap(Rs Cr)Sales(Rs Cr)Profit(Rs Cr)EPS(Rs)P/E(x)

Shareholding Pattern

Jun 2023
Archive
CategoryShare(%)
Promoter14.31
Financial Institutions Banks0.95
Foreign Institutional Investors2.60
Insurance Companies0.02
Mutual Funds Uti0.04
Other Institutional Investors5.60
Indian Public41.88
Others Non Institutional Investors34.60
Custodians0.00

Corporate Action

Announcement DatePurposeFromToRemarks
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Price History

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Company Info

Company Information

Deputy Company Secretary : Virendra Mansukhlal Samani

Chairman & Managing Director : Kishore Biyani

Joint Managing Director : Rakesh Biyani

Independent Director : Gagan Singh

Independent Director : Shailendra Bhandari

Independent Director : Ravindra Dhariwal

Independent Director : Sridevi Badiga

Addtnl Non-Executive Director : Rahul Garg

Registered Office: Knowledge House Shyam Nagar, Jogeshwari (East),Mumbai,Maharashtra-400060 Ph: 91-22-61990000

Email:investorrelations@futureretail.in

URL:http://www.futureretail.in