Future Market Networks Limited

BSE: FMNL533296ISIN INE360L01017

Services
Diversified Commercial Services

Share price

₹8.12+0.20 (+2.53%)

as of 4 Nov 2026

Prices adjusted for splits and bonuses; cash dividends excluded. Volume shows actual shares traded.

52W high: ₹12.60
52W low: ₹6.59
Off 52W high: -35.56%
1M return: +0.74%
3M return: -15.15%
6M return: -18.88%
1Y return: -32.28%
20D avg volume: 7,450
50 DMA: ₹8.77
200 DMA: ₹9.09

Key ratios Consolidated

Market cap: ₹49.24 Cr
Current price: ₹8.12
52W high / low: ₹12.60 / ₹6.59
Face value: ₹10.00
P/E: 6.80
P/B: 0.47
EPS (TTM): ₹1.19
Book value / share: ₹17.22
ROE: —
ROCE: 10.40%
Operating margin: —
Net margin: —
Debt / equity: 0.70
Net debt: ₹73.26 Cr
Interest cover: 1.32
Dividend yield: —
Dividend / share (TTM): —
Payout: —
Cash conversion cycle: 20.0 days

Financials

Metric	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24
Income statement
	24.64	25.43	24.32	24.34	24.44	24.20	26.07	26.16	24.57	—
	2.67	2.07	2.61	5.58	1.90	1.64	2.42	1.20	1.41	—
	27.31	27.50	26.93	29.92	26.34	25.84	28.50	27.36	25.98	—
	26.32	26.35	25.11	28.09	25.35	27.04	21.51	20.30	18.99	—
	5.42	5.32	4.99	5.82	5.54	4.70	—	—	—	—
	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—
	2.07	3.57	2.29	2.30	2.25	3.06	2.67	2.93	2.86	—
	3.89	4.10	4.37	4.65	4.81	2.64	3.07	3.23	3.40	—
	8.02	8.15	8.15	8.15	8.14	3.45	3.45	3.47	3.46	—
	6.92	5.22	5.32	7.17	4.61	13.19	5.83	4.93	3.80	—
	0.99	1.15	1.82	1.83	0.99	-1.19	6.99	7.06	6.99	—
	0.00	0.00	0.00	0.00	0.00	-19.00	0.00	0.00	76.43	—
	0.99	1.15	1.82	1.83	0.99	-20.19	6.99	7.06	83.42	—
	0.36	-0.41	0.09	-0.32	-0.08	9.72	1.28	1.23	1.19	—
	1.80	1.95	1.81	2.41	1.47	-29.78	6.07	6.08	82.23	—
	0.31	0.29	0.32	0.44	0.25	-5.12	1.07	1.14	14.34	—
Key metrics
	12.90	13.40	14.34	14.63	13.94	-14.10	13.51	13.76	90.28	—
	52.40%	52.70%	59.00%	60.10%	57.00%	-58.30%	51.80%	52.60%	367.40%	—
	7.30%	7.70%	7.40%	9.90%	6.00%	-123.10%	23.30%	23.20%	334.70%	—
	—	2.30%	—	2.70%	—	-7.00%	—	—	—	—
	0.80%	5.10%	-6.70%	-7.00%	-0.50%	—	—	—	—	—
	22.40%	106.50%	-70.20%	-60.40%	-98.20%	—	—	—	—	—

Metric	TTM	FY26	FY25	FY24
Income statement
	98.73	98.54	101.00	—
	12.93	12.15	6.68	—
	111.66	110.69	107.68	—
	105.87	104.90	87.84	—
	21.55	21.66	20.91	—
	0.00	0.00	0.00	—
	10.23	10.40	11.52	—
	17.01	17.93	12.34	—
	32.47	32.59	13.84	—
	24.63	22.32	27.76	—
	5.79	5.79	19.84	—
	0.00	0.00	57.06	—
	5.79	5.79	76.91	—
	-0.28	-0.72	13.42	—
	7.97	7.64	64.60	—
	1.36	1.30	11.44	—
Key metrics
	55.27	56.31	103.09	—
	55.98%	57.10%	102.10%	—
	8.07%	7.80%	64.00%	—
	—	10.40%	35.40%	—
	-2.12%	-2.40%	—	—
	—	-88.20%	—	—
	—	10.95	-2.36	—
	—	5.41	-0.04	—
	—	0.70	0.87	—
	—	73.26	81.55	—
	—	20.0	12.8	—
Balance sheet
	—	322.13	350.11	—
	—	88.60	82.84	—
	—	5.03	4.52	—
	—	8.25	7.91	—
	—	3.38	3.38	—
	—	9.31	9.10	—
	—	65.74	96.82	—
	—	6.24	7.76	—
	—	93.92	97.95	—
	—	78.29	86.07	—
	—	18.62	16.99	—
	—	59.67	69.08	—
	—	111.77	98.83	—
Cash flow
	—	41.32	-2.36	—
	—	-23.06	-3.51	—
	—	-19.40	-7.47	—
	—	30.37	0.00	—

Metric	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24
Income statement
	21.92	22.44	21.96	21.64	21.67	21.66	23.57	23.70	22.11	—
	2.38	2.05	2.11	5.30	1.53	1.36	2.15	1.15	1.20	—
	24.30	24.49	24.07	26.94	23.20	23.02	25.72	24.84	23.31	—
	21.86	23.15	21.95	23.75	22.27	23.73	18.08	16.33	15.88	—
	5.18	4.51	4.76	5.59	5.31	4.47	—	—	—	—
	0.00	0.00	0.00	0.00	0.00	0.00	—	—	—	—
	1.79	3.01	1.79	1.80	1.77	2.40	1.72	1.95	1.92	—
	3.56	3.75	4.01	4.30	4.53	2.35	2.79	2.94	3.11	—
	7.62	7.75	7.75	7.75	7.75	3.06	3.06	3.08	3.07	—
	3.70	4.14	3.64	4.30	2.90	11.46	4.26	2.84	2.53	—
	2.44	1.34	2.12	3.19	0.93	-0.71	7.64	8.51	7.43	—
	0.00	0.00	0.00	0.00	0.00	-19.00	—	—	76.06	—
	2.44	1.34	2.12	3.19	0.93	-19.71	7.64	8.51	83.49	—
	-0.10	0.18	0.09	0.23	0.28	8.73	1.36	1.20	1.15	—
	2.55	1.52	2.21	2.96	1.21	-28.44	6.28	7.31	82.34	—
	0.40	0.25	0.36	0.57	0.20	-4.93	1.05	1.27	14.31	—
Key metrics
	13.62	12.84	13.88	15.24	13.21	-14.30	13.49	14.53	89.67	—
	62.10%	57.20%	63.20%	70.40%	61.00%	-66.00%	57.20%	61.30%	405.60%	—
	11.60%	6.80%	10.10%	13.70%	5.60%	-131.30%	26.60%	30.80%	372.40%	—
	—	2.20%	—	3.10%	—	-6.80%	—	—	—	—
	1.20%	3.60%	-6.80%	-8.70%	-2.00%	—	—	—	—	—
	110.70%	105.30%	-64.80%	-59.50%	-98.50%	—	—	—	—	—

Metric	TTM	FY26	FY25	FY24
Income statement
	87.96	87.70	91.04	—
	11.84	11.00	5.85	—
	99.80	98.70	96.89	—
	90.71	91.11	74.01	—
	20.04	20.17	20.03	—
	0.00	0.00	0.00	—
	8.39	8.38	7.99	—
	15.62	16.58	11.18	—
	30.87	31.01	12.26	—
	15.78	14.98	21.08	—
	9.09	7.58	22.88	—
	0.00	0.00	57.06	—
	9.09	7.58	79.94	—
	0.40	-0.78	12.44	—
	9.24	8.36	67.50	—
	1.58	1.38	11.70	—
Key metrics
	55.58	55.17	103.38	—
	63.19%	62.90%	113.60%	—
	10.50%	9.50%	74.10%	—
	—	10.50%	35.50%	—
	-2.91%	-3.70%	—	—
	—	-87.60%	—	—
	—	38.85	-40.87	—
	—	4.67	-0.61	—
	—	0.56	0.69	—
	—	65.33	74.94	—
	—	20.4	13.2	—
Balance sheet
	—	288.10	319.26	—
	—	78.63	75.72	—
	—	4.34	4.14	—
	—	7.39	7.32	—
	—	3.38	3.38	—
	—	6.44	7.09	—
	—	62.95	93.04	—
	—	5.88	7.40	—
	—	57.05	62.71	—
	—	69.67	79.08	—
	—	10.00	10.00	—
	—	59.67	69.08	—
	—	124.69	114.21	—
Cash flow
	—	39.02	-40.87	—
	—	7.70	-15.46	—
	—	-48.18	48.45	—
	—	0.17	0.00	—

Compounded growth

Standalone

Sales CAGR 3Y: —
Sales CAGR 5Y: —
Profit CAGR 3Y: —
Profit CAGR 5Y: —
Sales YoY (TTM): -2.91%
Profit YoY (TTM): +167.74%

Consolidated

Sales CAGR 3Y: —
Sales CAGR 5Y: —
Profit CAGR 3Y: —
Profit CAGR 5Y: —
Sales YoY (TTM): -2.12%
Profit YoY (TTM): +149.32%

Compounded from reported annual figures. We publish no share-price CAGR: our prices are as-traded, so one would be wrong across every split and bonus issue.

Shareholding as of 30 Sep 2026

Promoter holding: 69.96%

Quarter	September 2026	June 2026
Promoter %	69.96%	69.96%

Holder	Type	Holding	Previous	Change
Future Corporate Resources Private Limited	Promoter Group	55.93%	55.93%	0.00%
Surplus Finvest Private Limited	Promoter Group	14.03%	14.03%	0.00%
Rajesh Joseph	Public	1.50%	1.50%	0.00%
Harees Thunthakachi	Public	1.44%	1.31%	+0.13%
Kishore Biyani	Promoter	0.00%	0.00%	0.00%
Rakesh Biyani	Promoter Group	0.00%	0.00%	0.00%
Ashni Kishore Biyani	Promoter Group	0.00%	0.00%	0.00%
Vivek Biyani	Promoter	0.00%	0.00%	0.00%
Gopikishan Biyani	Promoter Group	0.00%	0.00%	0.00%
Laxminarayan Bansilal Biyani	Promoter Group	0.00%	0.00%	0.00%
Anil Biyani	Promoter Group	0.00%	0.00%	0.00%
Sunil Biyani	Promoter Group	0.00%	0.00%	0.00%
Vijay Biyani	Promoter Group	0.00%	0.00%	0.00%

Public shareholders are disclosed individually only above 1%.

Peer comparison

Company	Mkt cap (₹ Cr)	Price (₹)	P/E	ROCE	Sales YoY	Profit YoY	1Y return
International Gemological Institute Limited	17,358	401.65	26.07	58.80%	+24.06% TTM	+30.32% TTM	+19.84%
WeWork India Management Limited	9,449	680.45	95.42	12.30%	—	—	+7.68%
Nesco Ltd S	7,338	1,041.40	18.21	15.50%	+13.08% TTM	-2.61% TTM	-19.90%
Indiabulls Limited S	7,314	31.36	-552.40	-3.60%	+34,733.33% TTM	+84.79% TTM	+49.98%
Rentomojo Limited	6,128	588.60	—	—	+45.51% FY26	+141.94% FY26	—
Nirlon Limited S	5,762	639.40	16.14	23.30%	—	—	+26.97%
SMARTWORKS COWORKING SPACES LIMITED	5,563	486.35	98.19	7.50%	—	—	-19.97%
LEAP India Limited	5,130	116.45	—	—	—	—	—
INOX GREEN ENERGY SERVICES LIMITED	5,062	120.65	41.54	9.50%	+16.08% TTM	+204.22% TTM	-55.31%
Quess Corp Limited	4,874	326.30	17.65	17.50%	-1.55% TTM	+198.78% TTM	+41.47%
Elevate Campuses Limited	4,729	280.60	—	—	—	—	—
INDIQUBE SPACES LIMITED S	3,980	187.75	-57.24	5.70%	—	—	-11.75%
CMS Info Systems Limited	3,475	217.10	11.84	16.20%	+1.71% TTM	-21.79% TTM	-40.17%
Hemisphere Properties India Limited S	3,172	111.30	-271.46	-1.10%	-4.21% TTM	-46.15% TTM	-19.38%
Sanghvi Movers Ltd.	2,996	346.05	14.73	15.50%	+29.75% TTM	+17.25% TTM	-12.58%
EFC (I) LIMITED	2,473	164.90	8.73	17.80%	+36.51% TTM	+45.65% TTM	—
Bluspring Enterprises Limited	2,320	155.20	-132.84	1.00%	—	—	+98.52%
Awfis Space Solutions Limited	1,833	256.10	18.39	13.50%	+21.83% TTM	+90.36% TTM	-56.94%
TeamLease Services Limited	1,659	1,085.60	11.00	11.00%	+4.68% TTM	+29.89% TTM	-35.60%
Texmaco Infrastructure & Holdings Ltd	1,507	118.25	160.59	1.40%	+5.45% TTM	+339.54% TTM	+15.87%
Updater Services Limited	1,365	203.85	14.16	8.70%	+8.93% TTM	-15.55% TTM	-11.98%
Sobhagya Mercantile Ltd. S	1,293	1,243.80	63.11	18.30%	+23.00% TTM	+8.12% TTM	+35.11%
KRYSTAL INTEGRATED SERVICES LIMITED	813	582.00	11.47	17.60%	+11.58% TTM	+14.88% TTM	-0.98%
TANDHAN INDUSTRIES LIMITED S	735	147.60	-3,690.00	-0.20%	-100.00% TTM	-146.15% TTM	+1,060.38%
South West Pinnacle Exploration Limited	613	187.80	15.35	22.30%	+39.24% TTM	+135.81% TTM	+4.30%
Future Market Networks Limited	49	8.12	6.80	10.40%	-2.12% TTM	+149.32% TTM	-32.28%

Some figures use IPO-document inputs. Growth periods are shown per value; FY means annual.

Filings & corporate actions

Recent announcements

Future Market Networks Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 05/11/2026 ,inter alia, to consider and approve Unaudited Financial ....30 Oct 2026 · Board Meeting / Board Meeting
Certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 201815 Oct 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Scrutinzer Report and Voting Results of 18th Annual General Meeting29 Sep 2026 · AGM/EGM / AGM
Outcome of 18th Annual General Meeting28 Sep 2026 · AGM/EGM / AGM
Closure of Trading Window28 Sep 2026 · Insider Trading / SAST / Closure of Trading Window
AGM Newspaper Advertisement9 Sep 2026 · Others
Annual Report of the Company for the Financial Year 2025-265 Sep 2026 · Company Update / General
Surrender of Lease25 Aug 2026 · Company Update / General
Financial Result for the quarter ended June 30, 2026 published in newspaper14 Aug 2026 · Company Update / General
Convening 18th Annual General Meeting of the Company on 28/09/202613 Aug 2026 · Company Update / General
Un-audited Financial Results (Standalone & Consolidated) for the quarter ended June 30, 202613 Aug 2026 · Result / Financial Results
Outcome of Board Meeting held on August 13, 202613 Aug 2026 · Board Meeting / Outcome of Board Meeting
Future Market Networks Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 13/08/2026 ,inter alia, to consider and approve Unaudited Financial ....6 Aug 2026 · Board Meeting / Board Meeting
Certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the Quarter ended June 30, 202614 Jul 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Withdrawal of Scheme of amalgamation amongst Future Market Networks Limited and Metawear Limited30 Jun 2026 · Company Update / Scheme of Arrangement
Closure of Trading Window24 Jun 2026 · Insider Trading / SAST / Closure of Trading Window
Proceedings, Outcome and details of Voting Results of Extraordinary General Meeting of the Company held on June 17, 202619 Jun 2026 · AGM/EGM / EGM
Regulation 30 and 44(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 - Outcome and Details of Voting Results of the Extraordinary General Meeting of the ....18 Jun 2026 · AGM/EGM / EGM
The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Surplus Finvest Pvt Ltd16 Jun 2026 · Insider Trading / SAST / Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011
Allotment of 3118574 Equity Shares upon conversion of warrants to Surplus Finvest Private Limited13 Jun 2026 · Company Update / Allotment of Equity Shares
Newspaper advertisement regarding corrigendum to the Notice of extra ordinary general Meeting9 Jun 2026 · Company Update / Newspaper Publication
Corrigendum to the notice of extra ordinary general meeting8 Jun 2026 · Company Update / General
Corrigendum to the notice of extra ordinary general meeting8 Jun 2026 · AGM/EGM / EGM
As attached29 May 2026 · Company Update / General
Annual Secretarial Compliance Report for the finnacial year ended March 31, 202628 May 2026 · Company Update / Reg.24(A)-Annual Secretarial Compliance
Annual Secretarial Compliance Report of the Company for the Financial Year ended March 31, 202628 May 2026 · Company Update / Reg.24(A)-Annual Secretarial Compliance
Future Market Networks Limited has informed the Exchange about copy of newspaper advertisement of the Notice of the Extra Ordinary General Meeting23 May 2026 · Company Update / Newspaper Publication
Future Market Networks Limited has informed the Exchange regarding Notice of Extraordinary General Meeting to be held on June 17, 202622 May 2026 · AGM/EGM / EGM
Newspaper publication of Financials for the FY 2025-202620 May 2026 · Company Update / Newspaper Publication
Withdrawal of Scheme of Amalgamatiom amongst Future Market Networks Limited and others19 May 2026 · Company Update / General
as attached19 May 2026 · Result / Financial Results
Audited financial results (standalone and Consolidated) for the quarter and Financial year ended March 31, 2026 and Outcome of Board Meeting.19 May 2026 · Board Meeting / Outcome of Board Meeting
Future Market Networks Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 19/05/2026 ,inter alia, to consider and approve Audited Financial Results ....13 May 2026 · Board Meeting / Board Meeting
Format of Initial Disclosure to be made by an entity identified as a Large Corporate. <table border=''1px''><tr> <td>Sr. No.</td> <td>Particulars</td> <td>Details</td> ....28 Apr 2026 · Others / Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A
Format of Initial Disclosure to be made by an entity identified as a Large Corporate. <table border=''1px''><tr> <td>Sr. No.</td> <td>Particulars</td> <td>Details</td> ....28 Apr 2026 · Others / Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A
Compliance certificate under regulation 74 (5) of SEBI (DP) Regulations, 20186 Apr 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
as per attachement30 Mar 2026 · Company Update / General
The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Surplus Finvest Pvt Ltd30 Mar 2026 · Insider Trading / SAST / Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011
Allotment of 30,00,000 equity Shares upon conversion of Warrants27 Mar 2026 · Company Update / Allotment of Equity Shares
Closure of Trading Window25 Mar 2026 · Insider Trading / SAST / Closure of Trading Window

Corporate actions

Purpose	Ex date	Record date	Payment date
E.G.M.	22 Oct 2024	22 Oct 2024	—

Board meetings

5 Nov 2026 Board Meeting - Financial Results
13 Aug 2026 Board Meeting - Financial Results