Future Market Networks Limited (FMNL) Stock Price & Analysis

FMNL Stock Chart & Stats

₹8.70₹0.63(7.81%)

At close: Nov 02 3:29 PM GMT+5:30

Day’s Range: INR 8.05 - INR 8.80
52-Week Range: INR 6.59 - INR 13.15
Previous Close: INR 8.00
Volume: N/A
Average Volume (3M): 8,239
Market Cap: INR 485.16M
Enterprise Value: INR 1.88B
Total Cash (Recent Filing): INR 0
Total Debt (Recent Filing): INR 0
Price to Earnings (P/E): 6.5
Beta: 0.88
Next Earnings: Nov 05, 2026 (Est.)
EPS Estimate: N/A
Next Dividend Ex-Date: N/A
Dividend Yield: N/A

Bulls Say, Bears Say

Bulls Say

Current Profitability

Despite prior losses, FY2026 remained profitable, with positive operating and net results and an approximately 8% net margin. This provides an earnings base for the next several months, although durability depends on stabilizing the large historical swings.

Improved Leverage

Debt-to-equity improved to about 1.3x in FY2026 from extremely elevated FY2023–FY2024 levels. This reduces balance-sheet pressure and improves financial flexibility, though the company remains debt-heavy and therefore still sensitive to earnings volatility.

Cash Flow Rebound

Operating cash flow and free cash flow rebounded in FY2026 after negative or very low readings in earlier years. The recovery can support ongoing operations and reduce reliance on external funding, although limited profit-to-cash conversion remains a constraint.

Bears Say

Revenue Volatility

FY2026 revenue fell 52.5% after growth in FY2025, showing that the company has not yet demonstrated a stable revenue trajectory. Such a sharp contraction can weaken operating leverage, reduce reinvestment capacity, and make near-term earnings less predictable.

Unstable Profitability

Profit swung from large losses in FY2022–FY2024 to very strong FY2025 results, then normalized to an approximately 8% net margin in FY2026. This volatility makes the recent profit level harder to underwrite as durable and raises execution risk over coming quarters.

Weak Cash Conversion

FY2026 free cash flow covered only about 18% of net income, despite positive reported profitability. Weak conversion can limit internally generated funding for operations or debt service, making the debt-heavy structure more exposed to execution and liquidity demands.

Future Market Networks Limited News

Future Market Networks Announces 18th AGM and Publishes E-Voting Notice

The latest announcement is out from Future Market Networks Limited ( ($IN:FMNL) ). Future Market Networks Limited has announced the convening of its 18th Annual General Meeting and has released

1M agoFMNL

Future Market Networks Surrenders Lease of Kolkata Diamond Plaza Mall

Future Market Networks Limited ( ($IN:FMNL) ) has shared an announcement. Future Market Networks Limited has executed a deed of surrender to relinquish its leasehold rights in the Diamond Plaza

2M agoFMNL

Future Market Networks Confirms SEBI-Compliant Share Dematerialisation for Q1 FY2026-27

Future Market Networks Limited ( ($IN:FMNL) ) has shared an update. Future Market Networks Limited, a listed player in India’s retail infrastructure and consumption-oriented real estate networks, depends on regulated

3M agoFMNL

Future Market Networks Discloses EGM Outcomes and Voting Results

The latest announcement is out from Future Market Networks Limited ( ($IN:FMNL) ). Future Market Networks Limited has reported the outcome of its Extraordinary General Meeting held on June 17,

4M agoFMNL

Future Market Networks Files NCLT Application for Merger With Metawear Limited

Future Market Networks Limited ( ($IN:FMNL) ) has provided an announcement. Future Market Networks Limited has informed the stock exchanges that, following in-principle approvals from BSE and NSE, it has

9M agoFMNL

Future Market Networks Releases Unaudited Financial Results for September 2025

Future Market Networks Limited ( ($IN:FMNL) ) has shared an update. Future Market Networks Limited has published its unaudited financial results for the quarter and half-year ending September 30, 2025.

11M agoFMNL

Future Market Networks Announces Postal Ballot and E-Voting Schedule

Future Market Networks Limited ( ($IN:FMNL) ) has issued an announcement. Future Market Networks Limited has announced a notice regarding a Postal Ballot and remote e-voting, which has been published

1y agoFMNL

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

Future Market Networks Limited ( ($IN:FMNL) ) has shared an announcement. Future Market Networks Limited held its 17th Annual General Meeting (AGM) on September 25, 2025, through video conferencing. The

1y agoFMNL

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

Future Market Networks Limited ( ($IN:FMNL) ) has provided an announcement. Future Market Networks Limited has announced the details for its 17th Annual General Meeting (AGM), which will be held

1y agoFMNL

Future Market Networks Limited Reports Improved Financial Performance for Q4 2024

Future Market Networks Limited ( ($IN:FMNL) ) has issued an update. Future Market Networks Limited reported its financial results for the quarter and nine months ending December 31, 2024, showing

1y agoFMNL

FMNL FAQ

What was Future Market Networks Limited’s price range in the past 12 months?

Future Market Networks Limited lowest stock price was ₹6.59 and its highest was ₹13.15 in the past 12 months.

What is Future Market Networks Limited’s market cap?

Future Market Networks Limited’s market cap is ₹485.16M.

When is Future Market Networks Limited’s upcoming earnings report date?

The company’s upcoming earnings report date is not yet available.

How were Future Market Networks Limited’s earnings last quarter?

Future Market Networks Limited released its earnings results on Aug 13, 2026. The company reported ₹0.292 earnings per share for the quarter.

Is Future Market Networks Limited overvalued?

Not enough analysts have published a price target to calculate whether the price is overvalued.

Does Future Market Networks Limited pay dividends?

Future Market Networks Limited does not currently pay dividends.

What is Future Market Networks Limited’s EPS estimate?

Future Market Networks Limited’s EPS estimate for its next earnings report is not yet available.

How many shares outstanding does Future Market Networks Limited have?

Future Market Networks Limited has 60,644,382 shares outstanding.

What happened to Future Market Networks Limited’s price movement after its last earnings report?

Future Market Networks Limited reported an EPS of ₹0.292 in its last earnings report. Following the earnings report the stock price went up 4.674%.

Which hedge fund is a major shareholder of Future Market Networks Limited?

Currently, no hedge funds are holding shares in IN:FMNL

What is the TipRanks Smart Score and how is it calculated?

Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology

Company Description