Future Market Networks Limited (FMNL) AI Stock Analysis

• Market Cap: ₹549.44M
• Dividend Yield: N/A
• Average Volume (3M): 19.51K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.58
• Revenue Growth: 1.88%
• EPS Growth: -120.06%
• Country: IN
• Employees: 54
• Sector: Services
• Sector Strength: N/A
• Industry: Real Estate - Services
• EPS (TTM): 0.44
• Shares Outstanding: 60,644,382
• 10 Day Avg. Volume: 18,336
• 30 Day Avg. Volume: 19,511
• PEG Ratio: >-0.01
• Price to Book (P/B): 0.95
• Price to Sales (P/S): 0.94
• 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: N/A
• Price Target Upside: N/A
• Rating Consensus: Hold
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 49 Neutral
• Price Target: ₹10.00 ▲(10.38% Upside)

The overall stock score of 49 reflects a mixed outlook. The company's financial performance shows a promising turnaround, but historical volatility and missing data warrant caution. Technical analysis indicates a bearish trend with the stock trading below key moving averages and approaching oversold conditions. Valuation metrics are weak, with a negative P/E ratio and no dividend yield, further impacting the stock's attractiveness.

Positive Factors

Revenue Growth

Consistent revenue growth indicates a strengthening market position and effective business strategies, supporting long-term expansion.

Debt Reduction

Reduced leverage enhances financial stability and flexibility, allowing for better capital allocation and resilience against economic fluctuations.

Cash Flow Improvement

Positive cash flow generation strengthens the company's ability to fund operations, invest in growth opportunities, and manage debt obligations.

Negative Factors

Profitability Volatility

Inconsistent profitability can hinder long-term strategic planning and investor confidence, posing challenges to sustainable growth.

Operational Efficiency

Lack of detailed operational metrics limits the ability to assess efficiency and cost management, potentially impacting profitability.

Historical Volatility

Past financial instability and incomplete data hinder a comprehensive evaluation of the company's long-term financial health.

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: 9.06
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

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 9.06 is below the 20-day moving average (MA) of 9.45, below the 50-day MA of 10.51, and below the 200-day MA of 13.63, indicating a bearish trend. The MACD of -0.49 indicates Negative momentum. The RSI at 36.29 is Neutral, neither overbought nor oversold. The STOCH value of 34.61 is Neutral, 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
INDBANK	72 Outperform	₹1.58B	25.06	―	―	-18.35%	-43.75%
RPPINFRA	60 Neutral	₹5.24B	8.51	―	0.47%	-7.32%	-26.92%
Sector *	55 Neutral	$13.29B	17.42	10.03%	0.93%	7.13%	-12.93%
FMNL	49 Neutral	₹549.44M	-2.92	―	―	1.88%	-120.06%
SADBHIN	44 Neutral	₹1.36B	-2.02	―	―	4.63%	67.17%
ARSSINFRA	43 Neutral	₹1.25B	-0.04	―	―	-75.03%	-17499.32%
MANUGRAPH	38 Underperform	₹484.21M	1,082.99	―	―	27.73%	―

Future Market Networks Limited Corporate Events

Future Market Networks Releases Unaudited Financial Results for September 2025

Future Market Networks Limited has published its unaudited financial results for the quarter and half-year ending September 30, 2025. The announcement, made in compliance with SEBI regulations, highlights the company’s commitment to transparency and regulatory adherence. The publication of these results in prominent newspapers and on the company’s website underscores its focus on maintaining investor confidence and providing stakeholders with timely financial information.

Future Market Networks Announces Postal Ballot and E-Voting Schedule

Future Market Networks Limited has announced a notice regarding a Postal Ballot and remote e-voting, which has been published in newspapers. This announcement is part of their compliance with SEBI regulations and is intended to inform stakeholders about the upcoming voting process, which is also available on the company’s website.

Future Market Networks Limited Concludes 17th AGM with E-Voting

Future Market Networks Limited held its 17th Annual General Meeting (AGM) on September 25, 2025, through video conferencing. The meeting was presided over by Mr. Pramod Arora, but due to technical issues, Mr. Shreesh Misra conducted the proceedings. The meeting complied with relevant regulations and standards, and a total of 205 members attended. The AGM included discussions on ordinary and special business items, and members were given the opportunity to vote electronically. The results of the voting will be announced after the scrutinizer’s report is received.