---
title: "Future Retail Ltd (FRETAIL) — Share Price, Financials & Analysis"
symbol: "FRETAIL"
company: "Future Retail Ltd"
canonical: "https://tapetide.com/stocks/FRETAIL"
isin: "INE752P01024"
nse_symbol: "FRETAIL"
bse_code: "540064"
sector: "Consumer Discretionary"
industry: "Retailing"
generated_at: "2026-09-13T18:19:26.434Z"
---

# Future Retail Ltd (FRETAIL)

Canonical page: https://tapetide.com/stocks/FRETAIL

## Company

- **NSE Symbol:** FRETAIL
- **BSE Code:** 540064
- **ISIN:** INE752P01024
- **Sector:** Consumer Discretionary
- **Industry:** Retailing
- **Macro Sector:** Consumer Discretionary
- **Stock Type:** EQUITY
- **Listed Since:** 2016-08-29
- **Face Value:** ₹2
- **F&O Eligible:** No
- **Website:** futureretail.co.in

## About

Future Retail Limited (FRL), the flagship company of the Future Group (one of India’s largest retailers), is engaged mainly in retailing of fashion, household and consumer products Kishore Biyani is the founder and Group CEO of Future Group.  [1]

## Latest Price

- **Price:** ₹2.28
- **Change:** 0 (0%)
- **Open:** ₹2.28
- **Day High:** ₹2.28
- **Day Low:** ₹2.28
- **Previous Close:** ₹2.28
- **Volume:** 0
- **As Of:** 2024-08-01T10:29:28+00:00

## Key Insights

### Strengths

- Company is expected to give good quarter

### Weaknesses

- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of -1.77% over past five years.
- Company has a low return on equity of -22.4% over last 3 years.
- Contingent liabilities of Rs.1,595 Cr.

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| net income growth | -74% | — | — |
| revenue growth | -2% | -30% | -2% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2019 | Jun 2019 | Sep 2019 | Dec 2019 | Mar 2020 | Jun 2020 | Sep 2020 | Dec 2020 | Mar 2021 | Jun 2021 | Sep 2021 | Dec 2021 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 5397 | 5149 | 5394 | 5130 | 4445 | 1355 | 1417 | 1486 | 2002 | 1406 | 2347 | 2786 |
| Expenses | 5106 | 4517 | 4719 | 4433 | 4465 | 1498 | 1432 | 1604 | 2293 | 1801 | 2705 | 3131 |
| Operating Profit | 291 | 633 | 675 | 696 | -20 | -143 | -15 | -117 | -291 | -395 | -359 | -345 |
| OPM % | 5 | 12 | 13 | 14 | -0.4 | -11 | -1 | -8 | -15 | -28 | -15 | -12 |
| Other Income | 6 | 9 | 21 | 15 | 39 | 92 | 47 | 27 | 10 | 1 | 2 | 5 |
| Interest | 61 | 239 | 263 | 269 | 222 | 271 | 355 | 397 | 420 | 350 | 360 | 340 |
| Depreciation | 32 | 240 | 261 | 271 | 269 | 231 | 363 | 354 | 380 | 404 | 403 | 399 |
| Profit before tax | 203 | 162 | 171 | 171 | -471 | -553 | -686 | -841 | -1080 | -1147 | -1120 | -1078 |
| Tax % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2 | 0 | 0 | 0 |
| Net Profit | 203 | 162 | 171 | 171 | -471 | -553 | -686 | -841 | -1100 | -1147 | -1120 | -1078 |
| EPS in Rs | 4.04 | 3.23 | 3.41 | 3.4 | -8.92 | -10.2 | -12.64 | -15.51 | -20.29 | -21.16 | -20.65 | -19.88 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Dec 2012 | Mar 2014 15m | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | TTM |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 1578 | 2343 | 1779 | 6845 | 17075 | 18478 | 20165 | 20118 | 6261 | 8541 |
| Expenses | 2065 | 2931 | 2148 | 6762 | 16494 | 17644 | 19119 | 18041 | 6814 | 9931 |
| Operating Profit | -487 | -588 | -368 | 83 | 581 | 834 | 1045 | 2077 | -553 | -1390 |
| OPM % | -31 | -25 | -21 | 1.2 | 3.4 | 4.5 | 5 | 10 | -9 | -16 |
| Other Income | 4 | 405 | 54 | 18 | 24 | -594 | 12 | -9 | 164 | 19 |
| Interest | 18 | 71 | 20 | 50 | 204 | 175 | 224 | 993 | 1442 | 1469 |
| Depreciation | 37 | 61 | 44 | 37 | 33 | 53 | 101 | 1041 | 1328 | 1585 |
| Profit before tax | -538 | -315 | -379 | 15 | 368 | 11 | 733 | 34 | -3160 | -4425 |
| Tax % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | — |
| Net Profit | -538 | -315 | -379 | 15 | 368 | 11 | 733 | 34 | -3180 | -4445 |
| EPS in Rs | -10.1 | -2.25 | -2.71 | 0.09 | 7.81 | 0.23 | 14.58 | 0.64 | -58.64 | -81.98 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | — |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Dec 2012 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Sep 2021 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 533 | 1399 | 1399 | 9 | 94 | 100 | 101 | 105 | 108 | 108 |
| Reserves | -1522 | -1441 | -1687 | 1865 | 2459 | 2996 | 3751 | 4173 | 1091 | -1226 |
| Borrowings | 627 | 183 | 390 | 1122 | 1079 | 1286 | 2657 | 8889 | 11196 | 13811 |
| Other Liabilities | 858 | 377 | 356 | 2589 | 3305 | 3812 | 4019 | 8111 | 6491 | 4915 |
| Total Liabilities | 496 | 517 | 458 | 5585 | 6938 | 8194 | 10528 | 21279 | 18885 | 17608 |
| Fixed Assets | 184 | 143 | 135 | 261 | 554 | 1019 | 1441 | 3372 | 6842 | 6033 |
| CWIP | 39 | 47 | 43 | 0 | 12 | 34 | 190 | 4096 | 74 | 77 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 104 | 114 | 114 | 114 |
| Other Assets | 273 | 327 | 280 | 5325 | 6372 | 7142 | 8793 | 13697 | 11855 | 11383 |
| Total Assets | 496 | 517 | 458 | 5585 | 6938 | 8194 | 10528 | 21279 | 18885 | 17608 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Dec 2012 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | -136 | -704 | -284 | 262 | 197 | 632 | -302 | -1837 | -155 |
| Cash from Investing Activity | -81 | -61 | -50 | -170 | -70 | -455 | -774 | -4420 | -66 |
| Cash from Financing Activity | 236 | 750 | 320 | -11 | -88 | -130 | 1106 | 6139 | 166 |
| Net Cash Flow | 19 | -15 | -14 | 81 | 39 | 47 | 30 | -118 | -55 |
| Free Cash Flow | -218 | -766 | -335 | -41 | 110 | 256 | -990 | -6276 | -229 |
| CFO/OP | 28 | 119 | 77 | 320 | 35 | 78 | -27 | -80 | 30 |

### Ratios

| Item | Dec 2012 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 0 | 0 | 0 | 6 | 5 | 5 | 6 | 12 | 24 |
| Inventory Days | 37 | 37 | 50 | 238 | 106 | 117 | 125 | 128 | 292 |
| Days Payable | 161 | 26 | 39 | 159 | 79 | 91 | 89 | 134 | 300 |
| Cash Conversion Cycle | -123 | 11 | 12 | 85 | 32 | 31 | 42 | 6 | 15 |
| Working Capital Days | -193 | -23 | -68 | 74 | 36 | 36 | 32 | 12 | -140 |
| ROCE % | — | — | -283 | 4 | 17 | 20 | 18 | 11 | -13 |

## Shareholding Pattern

### annual

| Category | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 |
| --- | --- | --- | --- | --- | --- | --- |
| Promoters | 49.54% | 46.56% | 47.02% | 40.31% | 20.56% | 14.31% |
| FIIs | 17.27% | 17.24% | 13.43% | 12% | 2.6% | 2.6% |
| DIIs | 4.73% | 5.52% | 15.66% | 12.91% | 6.08% | 6.61% |
| Public | 28.46% | 30.68% | 23.89% | 34.78% | 70.76% | 76.48% |
| No. of Shareholders | 42711 | 52808 | 55979 | 59516 | 404913 | 412430 |

### Quarterly

| Category | Jun 2019 | Sep 2019 | Dec 2019 | Mar 2020 | Jun 2020 | Sep 2020 | Dec 2020 | Mar 2021 | Jun 2021 | Sep 2021 | Dec 2021 | Mar 2022 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 47.02% | 47.02% | 47.02% | 40.31% | 41.73% | 33.86% | 28% | 20.56% | 19.86% | 19.86% | 18.24% | 14.31% |
| FIIs | 13.66% | 12.9% | 12.6% | 12% | 10.98% | 4.39% | 2.91% | 2.6% | 2.91% | 2.97% | 2.85% | 2.6% |
| DIIs | 15.58% | 15.2% | 14.15% | 12.91% | 11.09% | 6.46% | 6.06% | 6.08% | 6.07% | 6.07% | 7.21% | 6.61% |
| Public | 23.74% | 24.88% | 26.24% | 34.78% | 36.2% | 55.29% | 63.03% | 70.76% | 71.16% | 71.1% | 71.7% | 76.48% |
| No. of Shareholders | 53717 | 53115 | 53906 | 59516 | 121760 | 405620 | 408445 | 404913 | 412774 | 402328 | 402005 | 412430 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Buy
- **Buy / Neutral / Sell:** 7 / 7 / 5

### Moving Averages — summary: **Neutral**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 45.38 | Buy |
| EMA (10) | 45.35 | Buy |
| SMA (20) | 44.69 | Buy |
| EMA (20) | 45.16 | Buy |
| SMA (50) | 46.63 | Sell |
| EMA (50) | 45.95 | Buy |
| SMA (100) | 47.27 | Sell |
| EMA (100) | 46.78 | Sell |
| SMA (200) | 46.76 | Sell |
| EMA (200) | 46.69 | Sell |

### Oscillators — summary: **Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 51.94 | Neutral |
| MACD (12,26,9) | 0.02 | Buy |
| Stochastic (14,3,3) | 42.8 | Neutral |
| ADX (14) | 20.01 | Neutral |
| Williams %R (14) | -54.95 | Neutral |
| ATR (14) | 3.81 | High Volatility |
| ROC (12) | 2.11 | Buy |
| Stoch RSI (14) | 74.06 | Neutral |
| UO (7,14,28) | 46.62 | Neutral |

## Filings & Documents

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2025-07-29 | [Corporate Insolvency Resolution Process (CIRP)-Liquidation - Corporate Insolvency Resolution Process (CIRP)](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=c8d843ad-1624-41a9-80ff-904d3084e387.pdf) |
| 2025-07-29 | [Announcement under Regulation 30 (LODR)-Change in Registered Office Address](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=39c15be1-b717-400d-9ef2-3f2e2b5cb0f1.pdf) |
| 2025-07-29 | [Intimation Under Regulation 30 Of The Securities And Exchange Board Of India (Listing Obligations And Disclosure Requirements) Regulations 2015 - Removal Of Company Secretary.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=57fe69e7-4166-46c4-b93b-b147fe516dae.pdf) |
| 2025-07-29 | [Intimation Under Regulation 30 Of The Securities And Exchange Board Of India (Listing Obligations And Disclosure Requirements) Regulations 2015 - Sale Of 100% Equity Stake Of Future Retail Limited.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=f2e00ec3-8a16-410c-94b8-26b084f92455.pdf) |
| 2024-11-07 | [Corporate Insolvency Resolution Process (CIRP)-Liquidation - Corporate Insolvency Resolution Process (CIRP)](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=9e186f9d-6f33-451b-abc5-13ee94654abd.pdf) |
| 2024-11-07 | [Corporate Insolvency Resolution Process (CIRP)-Liquidation - Corporate Insolvency Resolution Process (CIRP)](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=174ea7f7-26e0-438e-bf81-42370165b5bd.pdf) |
| 2024-11-07 | [Corporate Insolvency Resolution Process (CIRP)-Liquidation - Corporate Insolvency Resolution Process (CIRP)](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=620f8a95-cef8-40f8-9475-ce3fb83a9209.pdf) |
| 2024-07-31 | [Corporate Insolvency Resolution Process (CIRP)-Liquidation - Corporate Insolvency Resolution Process (CIRP)](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=a745c627-c030-4f47-aaa3-df1ad589dcf5.pdf) |
| 2024-07-25 | [Rejection Of Resolution Plan Submitted By Space Mantra](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=fa35fc5d-71d6-48eb-92eb-12f299a3d3a3.pdf) |
| 2024-07-05 | [Corporate Insolvency Resolution Process (CIRP)-Intimation of meeting of Committee of Creditors](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=a21b0449-be63-4103-b6cd-e9aea21fedcc.pdf) |

### Other Documents

| Date | Document |
| --- | --- |
| 7 Nov 2024 - Third Stakeholder Consultation Committee meeting held. | [Corporate Insolvency Resolution Process (CIRP)-Liquidation - Corporate Insolvency Resolution Process (CIRP) 7 Nov 2024 - Third Stakeholder Consultation Committee meeting held.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/620f8a95-cef8-40f8-9475-ce3fb83a9209.pdf) |
| 29 Jul 2025 - Removal of Company Secretary Pratiksha Salecha effective 5th December 2024. | [Intimation Under Regulation 30 Of The SEBI (LODR) Regulations, 2015 - Removal Of Company Secretary. 29 Jul 2025 - Removal of Company Secretary Pratiksha Salecha effective 5th December 2024.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/57fe69e7-4166-46c4-b93b-b147fe516dae.pdf) |
| 29 Jul 2025 - Future Retail sold 100% stake in Travel News Services India Pvt. Ltd. via e-auction on 25 April 2025. | [Intimation Under Regulation 30 Of The SEBI (LODR) Regulations, 2015 - Sale Of 100% Equity Stake Of Future Retail Limited. 29 Jul 2025 - Future Retail sold 100% stake in Travel News Services India Pvt. Ltd. via e-auction on 25 April 2025.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/f2e00ec3-8a16-410c-94b8-26b084f92455.pdf) |
| 29 Jul 2025 - Future Retail shifts registered office within Mumbai city limits. | [Announcement under Regulation 30 (LODR)-Change in Registered Office Address 29 Jul 2025 - Future Retail shifts registered office within Mumbai city limits.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/39c15be1-b717-400d-9ef2-3f2e2b5cb0f1.pdf) |
| 29 Jul 2025 - Future Retail discloses dates of Stakeholder Consultation Committee meetings from Nov 2024 to June 2025. | [Corporate Insolvency Resolution Process (CIRP)-Liquidation - Corporate Insolvency Resolution Process (CIRP) 29 Jul 2025 - Future Retail discloses dates of Stakeholder Consultation Committee meetings from Nov 2024 to June 2025.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/c8d843ad-1624-41a9-80ff-904d3084e387.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from bse | [Annual Report 2021 from bse](https://www.bseindia.com/bseplus/AnnualReport/540064/71061540064.pdf) |
| from bse | [Annual Report 2020 from bse](https://www.bseindia.com/bseplus/AnnualReport/540064/67877540064.pdf) |
| from bse | [Annual Report 2019 from bse](https://www.bseindia.com/bseplus/AnnualReport/540064/5400640319.pdf) |
| from bse | [Annual Report 2018 from bse](https://www.bseindia.com/bseplus/AnnualReport/540064/5400640318.pdf) |
| from bse | [Annual Report 2017 from bse](https://www.bseindia.com/bseplus/AnnualReport/540064/5400640317.pdf) |
| from bse | [Annual Report 2016 from bse](https://www.bseindia.com/bseplus/AnnualReport/540064/5400640316.pdf) |
| from bse | [Annual Report 2015 from bse](https://www.bseindia.com/HIS_ANN_RPT/HISTANNR/2015/FUTURE_RETAIL_LTD-540064-MARCH-2015.PDF) |
| from bse | [Annual Report 2014 from bse](https://www.bseindia.com/HIS_ANN_RPT/HISTANNR/2014/FUTURE_RETAIL_LTD-540064-MARCH-2014.PDF) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Nov 2019 | [Concall - Nov 2019](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=bae3854c-e9b6-4a5f-9c70-75b38c41cdcc.pdf) |
| Nov 2019 | [Concall - Nov 2019](https://www.bseindia.com/xml-data/corpfiling/AttachHis/bae3854c-e9b6-4a5f-9c70-75b38c41cdcc.pdf) |
| Nov 2018 | [Concall - Nov 2018](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=157166d7-2a5b-44fd-bc47-9a2ae5d9515f.pdf) |
| Nov 2018 | [Concall - Nov 2018](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2018/11/157166d7-2a5b-44fd-bc47-9a2ae5d9515f.pdf) |
| Nov 2017 | [Concall - Nov 2017](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=c381a213-2dad-4089-816e-4050497a47f3.pdf) |
| Nov 2017 | [Concall - Nov 2017](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2017/11/c381a213-2dad-4089-816e-4050497a47f3.pdf) |
| May 2019 | [Concall - May 2019](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=7e727a6e-71d4-422b-94d0-34a0321c1ac8.pdf) |
| May 2019 | [Concall - May 2019](https://www.bseindia.com/xml-data/corpfiling/AttachHis/7e727a6e-71d4-422b-94d0-34a0321c1ac8.pdf) |
| May 2018 | [Concall - May 2018](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=2c746349-942d-4166-b5b9-7ff227185a5e.pdf) |
| May 2018 | [Concall - May 2018](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2018/5/2c746349-942d-4166-b5b9-7ff227185a5e.pdf) |

---

Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T18:19:26.434Z.