Future Market Networks Limited (FMNL) AI Stock Analysis

• Market Cap: ₹613.11M
• Dividend Yield: N/A
• Average Volume (3M): 18.81K
• Price to Earnings (P/E): 1.2
• Beta (1Y): 0.60
• Revenue Growth: 5.96%
• EPS Growth: -120.57%
• Country: IN
• Employees: 54
• Sector: Services
• Sector Strength: N/A
• Industry: Real Estate - Services
• EPS (TTM): 0.26
• Shares Outstanding: 60,644,382
• 10 Day Avg. Volume: 29,277
• 30 Day Avg. Volume: 18,810
• PEG Ratio: >-0.01
• Price to Book (P/B): 0.95
• Price to Sales (P/S): 0.93
• P/FCF Ratio: 31.11
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: ₹13.00
• Price Target Upside: 28.59% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 49 Neutral
• Price Target: ₹13.00 ▲(28.59% Upside)

The overall stock score is primarily influenced by the company's financial performance, which shows a positive turnaround but with some caution due to historical volatility. Technical analysis indicates a bearish trend, and valuation metrics suggest concerns about profitability. The lack of earnings call data and corporate events means these factors do not influence the score.

Future Market Networks Limited Business Overview & Revenue Model

Company Description

Future Market Networks Limited, together with its subsidiaries, engages in the development and management of commercial, trade, retail, and infra-logistic projects in India. It also constructs, develops, and sells integrated large-scale warehouses. The company was formerly known as Agre Developers Limited and changed its name to Future Market Networks Limited in February 2012. The company was incorporated in 2008 and is based in Mumbai, India. Future Market Networks Limited is a subsidiary of Future Corporate Resources Private Limited.

How the Company Makes Money

FMNL generates revenue through several key streams, including property sales, leasing of commercial and residential properties, and management fees from ongoing projects. The company also earns income from consultancy services offered to other developers and investors in the real estate sector. Strategic partnerships with local governments and private entities enhance FMNL's access to lucrative development projects and funding opportunities, thereby bolstering its financial performance. Additionally, FMNL's focus on sustainable and smart technologies in its projects attracts premium pricing and government incentives, further contributing to its revenue.

Future Market Networks Limited Financial Statement Overview

Summary

Future Market Networks Limited has demonstrated a significant turnaround in profitability and cash flow generation, with improved revenue growth and reduced leverage. However, historical volatility in profitability and missing data on certain operational metrics suggest caution. The company appears to be on a positive trajectory, but further stability in financial performance is needed for a higher confidence level.

Income Statement

The company has shown a positive revenue growth rate of 2.23% in the latest year, with a strong gross profit margin of 100%. However, the net profit margin has fluctuated significantly, improving from negative values in previous years to 64.67% in the latest period. This indicates a turnaround in profitability. The EBIT and EBITDA margins were not provided for the latest year, which limits a full assessment of operational efficiency.

Balance Sheet

The debt-to-equity ratio has improved significantly from previous years, dropping from over 5.85 to 0.69, indicating reduced leverage and improved financial stability. However, the return on equity has been volatile, moving from negative to positive, which suggests inconsistent profitability. The equity ratio was not provided, limiting a comprehensive analysis of asset financing.

Cash Flow

The company has shown a remarkable improvement in free cash flow, moving from negative to positive, with a free cash flow to net income ratio of 1.0. The operating cash flow to net income ratio was not available, limiting the assessment of cash flow efficiency. The free cash flow growth rate was exceptionally high, indicating a strong recovery in cash generation capabilities.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2021	Dec 2021
Income Statement
Total Revenue	1.01B	1.01B	930.33M	924.02M	689.97M	852.60M
Gross Profit	719.19M	499.28M	721.83M	709.22M	472.63M	695.13M
EBITDA	281.25M	1.03B	335.13M	348.73M	221.73M	255.50M
Net Income	-149.39M	660.37M	-61.91M	-90.10M	-309.09M	-282.71M
Balance Sheet
Total Assets	0.00	3.50B	3.29B	5.26B	6.45B	5.69B
Cash, Cash Equivalents and Short-Term Investments	0.00	115.65M	152.71M	773.47M	178.71M	416.69M
Total Debt	0.00	1.79B	1.31B	2.50B	1.95B	2.77B
Total Liabilities	-988.35M	2.51B	3.06B	4.91B	5.32B	5.24B
Stockholders Equity	988.35M	1.00B	223.24M	328.21M	1.11B	418.26M
Cash Flow
Free Cash Flow	0.00	30.56M	-206.52M	761.60M	-351.08M	-359.90M
Operating Cash Flow	0.00	30.56M	-182.63M	815.50M	-297.27M	-352.37M
Investing Cash Flow	0.00	-35.12M	62.77M	-288.69M	669.32M	12.79M
Financing Cash Flow	0.00	-74.72M	-95.91M	-375.03M	-366.11M	377.56M

Future Market Networks Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 10.11
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Positive
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:FMNL, the sentiment is Negative. The current price of 10.11 is below the 20-day moving average (MA) of 12.40, below the 50-day MA of 12.94, and below the 200-day MA of 16.91, indicating a bearish trend. The MACD of -0.83 indicates Positive momentum. The RSI at 28.34 is Positive, neither overbought nor oversold. The STOCH value of 10.35 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:FMNL.

Future Market Networks Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
RPPINFRA	72 Outperform	₹6.30B	8.78	12.32%	0.39%	-0.58%	-12.30%
INDBANK	67 Neutral	₹1.47B	19.02	9.23%	―	-5.33%	-25.00%
FMNL	49 Neutral	₹613.11M	1.19	―	―	5.96%	-120.57%
SADBHIN	46 Neutral	₹1.38B	-3.27	13.75%	―	2.53%	92.20%
MANUGRAPH	41 Neutral	₹699.24M	-4.09	-50.10%	―	14.28%	1.74%
ARSSINFRA	41 Neutral	₹1.25B	-1.01	4.58%	―	-70.96%	-588.51%
Sector *	55 Neutral	$13.29B	17.42	10.03%	0.93%	7.13%	-12.93%

Future Market Networks Limited Corporate Events

Future Market Networks Schedules 17th AGM and Urges Shareholders to Update KYC Details

Future Market Networks Limited has announced the details for its 17th Annual General Meeting (AGM), which will be held on September 25, 2025, via video conferencing. The company has provided a web link and QR code for shareholders to access the Annual Report for the financial year 2024-25, particularly targeting those who have not registered their email addresses. This initiative is part of compliance with SEBI regulations and serves as a reminder for shareholders to update their KYC details and dematerialize physical securities. The announcement underscores the company’s commitment to maintaining regulatory compliance and enhancing shareholder communication.