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Future Market Networks (FMNL) had a P/E of 6.9× on 6 Nov 2026, below the industry P/E of 21.3×, and the shares are 36% below their 52-week high. Sales grew 2.2% a year over 3 years, with ROCE of 11% and ROE of 7.5%. Debt is 1.30× equity. It is a small-cap company with a market cap of ₹55 Cr, ranked 39th of 64 Real Estate Services companies by market cap; the shares fell 27% over the past year.

As of 6 Nov 2026Prices are delayed about 15 minutes; fundamentals are from the quarter ended Jun 2026.How we calculate this

past year
Open
₹8.59
Day high
₹8.59
Day low
₹8.02
Prev. close
₹8.57
Volume
12.1K

Health check

1 good · 1 fair · 4 to check
  • ReturnsBehind

    −26.6% over a year, better than 2 of 7 peers.

  • Price tagCheaper

    P/E 6.9 vs industry 21.3.

  • GrowthSlow

    Sales +2.2% a year over 3 years.

  • ProfitabilityAverage

    ROCE 10.9% vs peer median 7.6%.

  • Balance sheetStretched

    Debt 1.30× equity, interest covered 1.4×, Piotroski 7 of 9.

  • Red flags3 to check

    Return on equity is low at 7.5%.

Compared with 7 industry peers. Computed from reported figures. Educational, not a recommendation.

Real Estate Services

63 listed peers. Screen the industry

Small cap

₹55 Cr, #39 of 64 in its industry by size.

Market sensitivity

Measuring against the NIFTY 50…

Key metrics

Last 12 months to Jun 2026: sales ₹100 Cr · profit ₹8 Cr
Market cap
₹55 Cr
Small cap
P/E
6.9
Industry 21.3
Price to book
0.45
Peers 7.92
Dividend yield
0.00%
ROE
7.5%
Peers 10.5%
ROCE
10.9%
Peers 7.6%
Debt to equity
1.30
Debt ₹146 Cr
EPS (TTM)
₹1.21
Face value ₹10
OPM (TTM)
42.9%
Net margin 8.3%
Sales growth
+0.8%
Latest quarter vs a year ago
Profit growth
+25.9%
Latest quarter vs a year ago
Price to sales
0.55
EV/EBITDA 3.8

Strengths and risks

Strengths

  • Quarterly profit up 25.9% on a year ago.
  • P/E of 6.9 against an industry P/E of 21.3.
  • Promoter stake up from 68.5% to 70.0%.

Risks to check

  • Return on equity is low at 7.5%.
  • 36% below its 52-week high.
  • Interest coverage of only 2.5×.

Derived automatically from reported figures. Not a recommendation.

About Future Market Networks

Future Market Networks Limited, together with its subsidiaries, engages in organizing of wholesale, trade, retail, and logistics infrastructure projects in India. The company also manages and operates shopping infrastructures and retail spaces; develops large-scale warehouses; supply chain management services; and provides mall management business. The company was formerly known as Agre Developers Limited and changed its name to Future Market Networks…

Headquarters
Mumbai
Employees
44
Sector
Real Estate
ISIN
INE360L01017
Website
fmn.co.in

Price range

52 weeks

₹6.74₹12.95

Today

₹8.02₹8.59
Avg volume (3M)
47.1K
1-year return
minus 26.6%
From 52-week high
minus 35.9%

Peers · Real Estate Services

Capital-heavy industry columns

Compare with peersScreen the whole industry
Company
ABRELAditya Birla Real Estate1,068.40minus 1.99%11,853––−5.2%−3.6%0.79−52.6%minus 41.3%
WEWORKWeWork India Management681.65plus 1.04%9,46695.79.412.3%64.2%16.44–plus 6.7%
SMARTWORKSSmartworks Coworking Spaces515.85plus 4.91%5,90052.49.27.4%65.3%10.2936.2%minus 18.9%
NIRLONNirlon635.00minus 0.57%5,72220.412.623.3%77.4%2.425.4%plus 16.4%
INDIQUBEIndiqube Spaces184.32plus 2.39%3,908–9.95.5%60.8%10.1235.8%minus 15.3%
ELPROINTLElpro International169.55plus 0.26%2,87422.350.57.6%36.2%0.6058.2%plus 60.9%
EFCILEFC (I)165.12plus 0.22%2,4438.38.116.0%44.5%1.73115.7%minus 43.6%
FMNLFuture Market Networks8.30minus 3.15%556.94.410.9%42.9%1.302.2%minus 26.6%
Median of 7 peers–0.26%5,72222.39.67.6%60.8%2.4236.0%−15.3%

Quarterly results

Consolidated, ₹ crore
SalesSelect a row below to chart it
₹ CrJun 25Sep 25Dec 25Mar 26Jun 26
24.424.324.325.424.6
12.415.312.614.114.4
129.111.711.310.2
49.3%37.2%48.3%44.5%41.5%
2.35.82.72.53.1
4.84.64.44.13.9
8.18.18.28.18
1.42.11.91.51.4
−5.5%−15.2%4.5%−26.9%−24.7%
1.52.71.91.71.9
0.230.400.290.260.26

Profit & loss

Yearly, ₹ crore
Sales CAGR 3Y
+2.2%
ROE
7.5%
Net profitSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
92.49310198.5
–+0.7%+8.6%minus 2.4%
52.8555454.2
39.6384744.3
42.8%40.9%46.5%45.0%
19.95.46.39.4
20.415.912.317.9
17.813.713.832.6
−19.9−9.950.93.7
1.43.9786.9
748.6%309.4%17.2%−10.5%
−9−6.2667.9
-1.57-1.0811.161.18

Forecast

Your assumptions, not a prediction

Balance sheet

At each financial year end, ₹ crore
Total assetsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
57.557.560.663.6
−24.7−35.239.647.2
250131179146
2431767165.7
526329350322
12433.111382.2
7.38.515.716.5
04.39.711
77.315.311.36.2
317267201206
526329350322

Cash flow

Yearly, ₹ crore
Cash from operationsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
81.6−18.33.141.3
−28.96.3−3.5−23.1
−37.5−9.6−7.5−19.4
15.2−21.6−7.9−1.1
−5.4−2.4–−30.4
76.2−20.73.110.9

Shareholding pattern

Source: NSE filings
70.0%
promoters
  • Promoters69.95%
  • Public30.05%
  • As of 30 Sep 2026
QuarterSplitPromotersPublicPromoter change
30 Sep 202669.95%30.05%0.00
30 Jun 202669.95%30.05%0.00
13 Jun 202669.95%30.05%plus 1.47
31 Mar 202668.48%31.52%0.00
27 Mar 202668.48%31.52%–

Major shareholders

NSE filing

Filings & events

News

No recent news coverage found.

My notes

Private to you