FMNLServices

Future Market Networks Limited

Diversified Commercial Services · ISIN INE360L01017 · BSE 533296 · NSE EQ · FV ₹10
Last price
₹9
-3.99%today
What this company does

Future Market Networks Limited operates in Diversified Commercial Services, part of the Services sector. It booked ₹25 cr of revenue in its latest quarter (Q1 FY27) and kept 7.9% of sales as profit.

The company is engaged in the business of building capacity and enabling the infrastructure for future markets in a more efficient and cost effective manner.
In the report:
49out of 100
Equitytale Health Score
Mixed

Healthier than 49% of companies in Services, on all six measures of filed financials. Each measure is ranked against the 17–116 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
43

At close. Not part of the score.

Profitability & returns41

How much profit it earns on the money it employs

Balance sheet18

How much it owes, and whether earnings cover the interest

Cash quality68

Whether reported profit actually arrives as cash

Growth & consistency44

Whether sales and profit have grown, and how steadily

Valuation90

What today's price implies, against our models or its peers

Governance & risk47

How much of the promoters' stake is pledged, and how much they hold

Is this company doing well?
not investment advice
Strengths
Makes a profit
Profit up 26% vs last year
Promoters hold 70%
Turns profit into real cash
Watch-outs
! Thin 7.9% net margin
! 78.7% of promoter stake pledged
! Low 7.0% return on equity

What if I invest in FMNL?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 0% a year, it would become
₹12.00 lakh

The slider starts at 0%, taken from this company's own revenue trend. That is history, not a forecast — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹9 -3.99%
latest close · 2026-09-17
1-year return
+14.2%
52-wk low ₹452-wk high ₹11
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio7.2Low
LowAverageHigh
P/B ratio0.54Below book
Below bookModerateHigh
EV / EBITDA2.6Low
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity7.0%Weak
WeakFairStrong ▸15%
Return on capital8.6%Fair
WeakFairStrong
Net margin7.9%Decent
ThinDecentStrong
EBITDA margin52.4%Healthy
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.70Moderate
LowModerateHigh ▸1
Interest cover1.3×Risky
RiskyOkayStrong ▸5×
Current ratio0.94Tight
Tight ◂1HealthyAmple
More figures
Market cap
₹59 cr
Book value
₹17
EPS
₹0.31
latest quarter
Net debt
₹73 cr
owes more than its cash
Enterprise value
₹133 cr
EBITDA
₹52 cr
annualised
EBIT
₹20 cr
annualised
Operating margin
19.8%
Return on assets
2.4%
Earnings yield
13.92%
P/S
0.60
Sales / share
₹14.8
Tax rate
-35.9%
Face value
₹10
Shares
6.7 cr
Working capital
₹-5 cr
Current assets
₹89 cr
Current liabilities
₹94 cr
Delivery %
78.8%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the FY 2025 report & filings
not investment advice
Hard to value confidentlyLow confidence
Too few reliable models — the filings don't support two independent estimates of value.
Models span ₹1₹1, midpoint ₹1

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹25 cr
Other Income₹3 cr
Total Income₹27 cr
Cost of Materials₹5 cr
Purchases of Stock-in-Trade₹0 cr
Employee Benefit Expense₹2 cr
Finance Costs₹4 cr
Depreciation & Amortisation₹8 cr
Other Expenses₹7 cr
Total Expenses₹26 cr
Profit before Tax₹99.3 L
Tax Expense₹-35.7 L
Share of JV / Associates₹45.3 L
Net Profit₹2 cr
Net margin on total income6.6%
Where the money goes · Q1 FY27
% of total income
Materials + stock-in-trade₹5 cr19.3%
Employee benefit expense₹2 cr7.4%
Finance costs₹4 cr13.8%
Depreciation & amortisation₹8 cr28.5%
Other expenses₹7 cr24.6%
Profit for the period₹2 cr6.4%
Total income ₹27 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue22 cr25 cr25 cr
Total income24 cr28 cr27 cr
Expenses22 cr26 cr26 cr
Profit before tax2 cr1 cr99.3 L
Tax-8.5 L-41.4 L-35.7 L
Net profit (owners' share)2 cr2 cr2 cr
Net margin (owners' share, on revenue)10.0%6.8%7.9%
EPS (₹)0.360.290.31
YoY (latest quarter): total income +3.7% · net profit +26.0%
Balance sheet & cash flow · as of Mar 2026
Moderate debt
Total assets
₹322 cr
Shareholder equity
₹111 cr
parent shareholders
Total debt
₹78 cr
Cash
₹5 cr
Cash flow · H1 FY26
Operating
₹8 cr
Investing
₹2 cr
Financing
₹-11 cr
Peer comparison
Diversified Commercial Services · by market value
CompanyPriceMarket capP/E
International Gemological Institute Limited₹315₹13,591 cr20.5
WeWork India Management Limited₹683₹9,464 cr
Nesco Limited₹1,082₹7,619 cr19.1
Inox Green Energy Services Limited₹175₹7,012 cr43.2
Indiabulls Limited₹30₹6,637 cr11.6
Bluspring Enterprises Limited₹124₹6,520 cr
Smartworks Coworking Spaces Limited₹520₹5,941 cr113.0
LEAP India Limited₹136₹5,619 cr56.8
Quess Corp Limited₹353₹5,272 cr16.0
Same industry · latest reported numbers · not a recommendation.
Who owns it · 2026-06-30
78.7% pledged
Promoter
70.0%
FII / Foreign
DII / Domestic
0.0%
Retail / others
30.1%
Promoter stake up 4.6% over the last 12 quarters.
Smart-money activity
Insider trades
BoughtSurplus Finvest Private Limited · Promoter Group30.00 L · ₹3.4 cr18 Dec 24
BoughtSurplus Finvest Private Limited · Promoter Group95.00 L · ₹10.6 cr18 Dec 24
BoughtSURPLUS FINVEST PRIVATE LIMITED · Promoter Group1.92 L · ₹7.8 L29 Mar 23
Bulk / block deals
SoldSACHIN VERMA · NSE3.52 L @ ₹13.6618 Oct 24
BoughtSACHIN VERMA · NSE1.22 L @ ₹13.9418 Oct 24
BoughtMULTIPLIER SHARE & STOCK ADVISORS PRIVATE LIMITED · NSE3.00 L @ ₹13.2518 Oct 24
Stake changes
BoughtSurplus Finvest Private Ltd · promoter→ 14.03% · 31.19 L16 Jun 26
BoughtSurlplus Finvest Private Limited · promoter→ 9.81% · 30.00 L27 Mar 26
BoughtSurplus Finvest Private Limited · promoter→ 3.60% · 30.00 L19 Dec 24
Promoter pledges
InvokedIDBI Trusteeship Services Limited36.00 L · 70.12% held29 Apr 22
InvokedIDBI Trusteeship Services Limited36.00 L · 70.12% held29 Apr 22
PledgedAvendus Finances Pvt Ltd IDBI Trusteeship Services Ltd6.00 L · 70.61% held8 Feb 19
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Postal ballot · 17 Nov 2025
See the official result
1
Approval for “surrender of lease hold rights” vested with the Company regarding shopping mall known as “Diamond Plaza Mall”
Backed by 95% of shareholders other than promotersneeded 75%
10.65 L votes for, 52,768 against

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 11 named members
owning 70.0% between them · as of 2026-06-30
Future Corporate Resources Private Limited55.93%
Surplus Finvest Private Limited14.03%
Anil Biyanino shares
Ashni Kishore Biyanino shares
Gopikishan Biyanino shares
Kishore Biyanino shares
Laxminarayan Bansilal Biyanino shares
Rakesh Biyanino shares
Business done with them
FY2025 · 1 of the group
The company paid ₹2 cr to companies in the promoter group last year — about 1.7% of its ₹101 cr revenue.
Future Corporate Resources Private Limited
Other payments to them · As per notes to accounts
also owns 55.93% of the company
₹2 cr
company paid

The company also transacted with 7 other related parties — subsidiaries, joint ventures, directors and others — that we could not match by name to the promoter list above. Some may still be connected to the family; we only count the ones the filings let us match with certainty.

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.