Future Market Network

Mumbai, India Founded: 2008 • Age: 18 yrs Listed
Marketing services for retailers are provided from Mumbai, India.
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About Future Market Network

Future Market Network is a publicly listed company based in Mumbai (India) founded in 2008. Marketing services for retailers are provided from Mumbai, India. The company has 44 employees. Its Indian entity Future Market Networks Limited reported revenue of ₹112 Cr. Future Market Network offers products and services including Retail Services and Infra-logistics Services. Its focus areas include Services for Retailers.

Company details

Future Market Network was founded in 2008 and is headquartered in Mumbai, India. Operations focus on the marketing sector, where services such as promotional strategies and retail solutions are delivered to retailers. The company supports retail businesses through targeted marketing initiatives, with its online presence maintained via the domain fmn.co.in. Activities are centered in the Indian market, addressing needs in retail promotion and networking.

  • Headquarters Mumbai, India
  • Employees 44
  • Stage Public
  • Sectors
    Retail
  • Email
    ••••••••
  • Phone
    •••• ••••
  • Website fmn.co.in
  • Legal Name Future Market Networks Limited
Operational Areas
Retail → E-Commerce Sellers & Service Providers
Key Metrics
  • Market Cap
    ₹49.79 Cr

    FMNL · NSE

  • Share Price
    ₹8.07

    -1.71% today

  • Revenue
    ₹98.54 Cr

    FY 2025-26 · -2.4% YoY

  • EBITDA
    ₹44.16 Cr

    Margin 44.8%

  • Net Profit
    ₹7.91 Cr

    FY 2025-26 · -59.2% YoY

  • P/E (TTM)
    5.9x

    P/B 0.5x

  • Employee Count
    44

Products & Services of Future Market Network

Future Market Network offers a comprehensive portfolio of products and services, including Retail Services and Infra-logistics Services.

Retail Services
Business Services

Retail services are offered through Future Retail Markets to facilitate market operations

Infra-logistics Services
Logistics Services

Infra-logistics services are provided to manage infrastructure and logistics needs

Board of directors of Future Market Networks Limited (Future Market Network)

Future Market Networks Limited is the primary company behind Future Market Network. The board of Future Market Networks Limited currently have 6 directors; the longest-serving is Sunil Gopikishan Biyani, appointed in 2013. 21 earlier directors have ceased.

DirectorDesignationAppointedTenureEntity
Sunil Gopikishan Biyani
DIN 00006583
Director30 May 201313 yrs 5 moFuture Market Networks Limited
Pramod Arora
DIN 02559344
Director14 Aug 20179 yrs 2 moFuture Market Networks Limited
Anil L Biyani
DIN 00005834
Whole-time director10 Nov 20223 yrs 11 moFuture Market Networks Limited
Priya Khandelwal
DIN 08734033
Director10 Feb 20233 yrs 8 moFuture Market Networks Limited
Dimple Amit Somani
DIN 09685900
Director11 Aug 20233 yrs 2 moFuture Market Networks Limited
Shreesh Misra
DIN 01641532
Director10 Feb 20251 yr 8 moFuture Market Networks Limited

IPO & Listings of Future Market Network

Future Market Network is a publicly listed company on the NSE with ticker symbol FMNL in India, operating in the Transportation sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.

  • IPO date31 Dec 2010
  • Listed onBSE: 533296 · NSE: FMNL
  • Listed entityFuture Market Networks Limited
  • Exchange sectorTransportation
  • ISININE360L01017
  • Share price₹8.35 (+3.99% on the day) · 2026-10-14
  • Market capitalisation₹49.6 Cr
  • Price to earnings6.9
  • EPS (diluted, trailing year)₹1.21
  • Volume (last session)39,731

Financials of Future Market Network

Exchange-reported figures of Future Market Networks Limited, the listed company behind Future Market Network (NSE: FMNL).

Financial Highlights

FY 2025-26 · Consolidated
Revenue
₹98.54 Cr
-2.4% YoY
EBITDA
₹44.16 Cr
+12.3% YoY
Profit After Tax
₹7.91 Cr
-59.2% YoY
Net Worth
-
Total Assets
-
Total Debt
-

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue98.5410193.0392.4085.2669.00127
Revenue growth-2.4%+8.6%+0.7%+8.4%+23.6%-45.6%-
EBITDA44.1639.3417.2829.0219.9715.0954.02
EBITDA margin+44.8%+39.0%+18.6%+31.4%+23.4%+21.9%+42.6%
Profit before tax6.9178.013.901.45(15.45)(38.64)39.25
Net profit7.9119.40(49.78)(153)7.79(21.54)(19.88)
Net profit margin+8.0%+19.2%-53.5%-165.7%+9.1%-31.2%-15.7%
EPS (₹)1.1810.89(1.08)(1.57)(4.91)(5.37)5.16
Balance sheet
Total assets-293169300336331422
Net worth-10022.3232.8241.82111170
Total debt-179131250277195222
Cash & bank-8.758.8218.9716.0715.859.08
Net working capital-24.73(94.13)(126)(82.62)(94.04)(107)
Cash flow
Cash from operations-3.06(18.26)81.55(35.24)(29.73)(81.37)
Cash from investing-(3.51)6.28(28.87)1.2866.93108
Cash from financing-(7.47)(9.59)(37.50)37.76(36.61)(38.16)
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue24.6425.4324.3224.3424.4424.2026.0726.16
Revenue growth (YoY)+0.8%+5.1%-6.7%-7.0%-0.5%---
Other income3.122.462.685.832.301.772.791.45
EBITDA10.2311.3311.739.0512.04(15.74)11.0912.56
EBITDA margin+41.5%+44.6%+48.2%+37.2%+49.3%-65.0%+42.5%+48.0%
Depreciation8.028.158.158.158.143.453.453.47
Interest3.894.104.374.654.812.643.073.23
Profit before tax1.441.541.892.081.39(20.06)7.367.31
Tax(0.36)(0.42)0.09(0.32)(0.08)9.711.281.24
Net profit1.801.961.802.401.47(29.77)6.086.07
EPS (₹)0.280.260.290.400.23(4.99)1.091.14
MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue87.7091.0482.8886.8280.6764.55122
Revenue growth-3.7%+9.9%-4.5%+7.6%+25.0%-46.9%-
EBITDA44.1740.4718.657.5932.8313.4451.73
EBITDA margin+50.4%+44.5%+22.5%+8.7%+40.7%+20.8%+42.6%
Profit before tax7.5879.946.29(22.09)(0.36)(36.66)20.15
Net profit8.3519.97(25.85)(20.72)7.87(19.46)(16.51)
Net profit margin+9.5%+21.9%-31.2%-23.9%+9.8%-30.2%-13.6%
EPS (₹)1.2411.13(1.01)(5.49)(2.15)(5.01)1.92
Balance sheet
Total assets-291165290352333404
Net worth-11434.8741.5073.32126168
Total debt-163115236265184212
Cash & bank-8.368.3918.2112.2715.094.51
Net working capital-44.90(67.98)(90.15)(59.46)(109)(122)
Cash flow
Cash from operations-(40.87)0.9758.82(62.13)(29.96)(63.70)
Cash from investing-(15.46)(1.91)(0.19)21.7765.03107
Cash from financing-48.45(20.30)(36.33)38.04(33.56)(37.38)
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue21.9222.4421.9621.6421.6721.6623.5723.70
Revenue growth (YoY)+1.2%+3.6%-6.8%-8.7%-2.0%---
Other income2.382.052.115.301.531.362.151.15
Total expenses10.6711.6510.1911.709.9937.3212.2310.31
EBITDA11.2510.7911.779.9411.68(15.66)11.3413.39
EBITDA margin+51.3%+48.1%+53.6%+45.9%+53.9%-72.3%+48.1%+56.5%
Depreciation7.627.757.757.757.753.063.063.08
Interest3.563.754.014.304.532.352.792.94
Profit before tax2.451.342.123.190.93(19.71)7.648.52
Tax(0.10)(0.18)(0.09)(0.23)(0.27)8.731.361.20

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 31 Oct 2026
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue24.6425.4324.3224.3424.4424.2026.0726.16
Revenue growth (YoY)+0.8%+5.1%-6.7%-7.0%-0.5%---
Other income3.122.462.685.832.301.772.791.45
EBITDA10.2311.3311.739.0512.04(15.74)11.0912.56
EBITDA margin+41.5%+44.6%+48.2%+37.2%+49.3%-65.0%+42.5%+48.0%
Depreciation8.028.158.158.158.143.453.453.47
Interest3.894.104.374.654.812.643.073.23
Profit before tax1.441.541.892.081.39(20.06)7.367.31
Tax(0.36)(0.42)0.09(0.32)(0.08)9.711.281.24
Net profit1.801.961.802.401.47(29.77)6.086.07
EPS (₹)0.280.260.290.400.23(4.99)1.091.14
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue98.5410193.0392.4085.2669.00127
Revenue growth-2.4%+8.6%+0.7%+8.4%+23.6%-45.6%-
Other income13.2764.8516.2210.554.387.2468.06
Total expenses54.3861.6675.7563.3865.2953.9172.75
Employee cost0.0011.5211.788.386.924.826.38
EBITDA44.1639.3417.2829.0219.9715.0954.02
EBITDA margin+44.8%+39.0%+18.6%+31.4%+23.4%+21.9%+42.6%
Depreciation32.5913.8413.7417.7618.6138.6352.48
Interest17.9312.3415.8620.3621.1922.3430.35
Profit before tax6.9178.013.901.45(15.45)(38.64)39.25
Tax(0.72)13.4212.1210.7812.60(7.87)9.31
Net profit7.9119.40(49.78)(153)7.79(21.54)(19.88)
Net profit margin+8.0%+19.2%-53.5%-165.7%+9.1%-31.2%-15.7%
EPS (₹)1.1810.89(1.08)(1.57)(4.91)(5.37)5.16
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital-60.6457.5457.5457.5457.5457.54
Reserves & surplus-31.32(35.22)(24.72)(15.72)53.11113
Shareholders' funds (net worth)-10022.3232.8241.82111170
Minority interest-(1.37)0.072.082.612.384.75
Secured loans-79.0886.9992.6098.990.000.00
Unsecured loans-99.8743.67157178195222
Total debt-179131250277195222
Total liabilities-293169300336331422
Assets
Gross block-271237313393396496
Net block-182148242256278344
Capital work in progress-7.248.497.356.265.5711.91
Investments-32.1329.2985.7149.3518.0846.57
Inventories-3.384.394.808.618.628.63
Sundry debtors-7.919.6317.6717.4426.4937.25
Cash & bank balances-8.758.8218.9716.0715.859.08
Loans & advances-59.9941.7758.78108168182
Total current assets-80.0364.61100150219237
Total current liabilities-55.30159226233313344
Net working capital-24.73(94.13)(126)(82.62)(94.04)(107)
Total assets-293169300336331422
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash-15.2736.8521.6717.8717.2828.78
Net cash from operating activities-3.06(18.26)81.55(35.24)(29.73)(81.37)
Net cash from investing activities-(3.51)6.28(28.87)1.2866.93108
Net cash from financing activities-(7.47)(9.59)(37.50)37.76(36.61)(38.16)
Net change in cash-(7.93)(21.58)15.183.800.59(11.51)
Closing cash-8.758.8218.9716.0715.859.08
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth-2.4%+8.6%+0.7%+8.4%+23.6%-45.6%-
EBITDA growth+12.3%+127.7%-40.5%+45.3%+32.3%-72.1%-
PBT growth-91.1%+1900.3%+169.0%+9998.0%+60.0%-+197.1%
Net income growth-59.2%+139.0%+67.5%-2065.9%+136.2%-8.4%-
Revenue CAGR (3Y)+2.2%+5.8%+10.5%-10.0%-13.4%-6.4%+13.4%
EBITDA CAGR (3Y)+15.0%+25.4%+4.6%-18.7%-21.5%+44.2%+72.1%
Profitability & leverage
Net income margin+7.7%+64.0%-8.8%-10.1%-32.9%-44.6%+23.6%
Return on capital employed-+9.3%0.0%0.0%0.0%0.0%+1.7%
Return on net worth-+9.2%0.0%0.0%0.0%0.0%-4.8%
Debt / equity-2.536.907.053.091.481.08
Long-term debt / equity-1.835.416.162.661.210.53
Interest cover154.9748.39448.02180.821,558.09-94.901,970.78
Efficiency & per share
Fixed asset turnover-0.400.340.260.220.150.31
Inventory turnover-26.0020.2513.789.908.0014.24
Debtors turnover-11.526.825.263.882.175.22
EPS (₹)1.1810.89(1.08)(1.57)(4.91)(5.37)5.16
Dividend per share (₹)0.000.000.000.000.000.000.00
Book value per share (₹)0.0015.163.885.707.2719.2329.58
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue21.9222.4421.9621.6421.6721.6623.5723.70
Revenue growth (YoY)+1.2%+3.6%-6.8%-8.7%-2.0%---
Other income2.382.052.115.301.531.362.151.15
Total expenses10.6711.6510.1911.709.9937.3212.2310.31
EBITDA11.2510.7911.779.9411.68(15.66)11.3413.39
EBITDA margin+51.3%+48.1%+53.6%+45.9%+53.9%-72.3%+48.1%+56.5%
Depreciation7.627.757.757.757.753.063.063.08
Interest3.563.754.014.304.532.352.792.94
Profit before tax2.451.342.123.190.93(19.71)7.648.52
Tax(0.10)(0.18)(0.09)(0.23)(0.27)8.731.361.20
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue87.7091.0482.8886.8280.6764.55122
Revenue growth-3.7%+9.9%-4.5%+7.6%+25.0%-46.9%-
Other income11.0062.9114.616.354.837.7549.04
Total expenses43.5350.5764.2379.2347.8451.1169.83
Employee cost0.007.998.757.176.534.535.92
EBITDA44.1740.4718.657.5932.8313.4451.73
EBITDA margin+50.4%+44.5%+22.5%+8.7%+40.7%+20.8%+42.6%
Depreciation31.0112.2612.2816.6017.6237.2951.14
Interest16.5811.1814.6919.4320.4020.5629.48
Profit before tax7.5879.946.29(22.09)(0.36)(36.66)20.15
Tax(0.77)12.4412.089.5212.02(7.84)9.07
Net profit8.3519.97(25.85)(20.72)7.87(19.46)(16.51)
Net profit margin+9.5%+21.9%-31.2%-23.9%+9.8%-30.2%-13.6%
EPS (₹)1.2411.13(1.01)(5.49)(2.15)(5.01)1.92
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital-60.6457.5457.5457.5457.5457.54
Reserves & surplus-45.33(22.67)(16.04)15.7868.70111
Shareholders' funds (net worth)-11434.8741.5073.32126168
Secured loans-79.0886.9992.6098.990.000.00
Unsecured loans-84.1028.28143166184212
Total debt-163115236265184212
Total liabilities-291165290352333404
Assets
Gross block-298249321330334434
Net block-13492.96186202223288
Capital work in progress-0.001.861.860.860.646.16
Investments-63.7559.5010210295.03104
Inventories-3.384.394.808.618.628.63
Sundry debtors-7.328.6416.9217.1624.3436.17
Cash & bank balances-8.368.3918.2112.2715.094.51
Loans & advances-53.8442.4229.5170.8990.71106
Total current assets-72.9063.8469.44109139155
Total current liabilities-28.00132160168248277
Net working capital-44.90(67.98)(90.15)(59.46)(109)(122)
Total assets-291165290352333404
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash-14.8436.0813.7916.1114.608.37
Net cash from operating activities-(40.87)0.9758.82(62.13)(29.96)(63.70)
Net cash from investing activities-(15.46)(1.91)(0.19)21.7765.03107
Net cash from financing activities-48.45(20.30)(36.33)38.04(33.56)(37.38)
Net change in cash-(7.89)(21.24)22.30(2.32)1.516.23
Closing cash-8.368.3918.2112.2715.094.51
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth-3.7%+9.9%-4.5%+7.6%+25.0%-46.9%-
EBITDA growth+9.1%+117.0%+145.7%-76.9%+144.3%-74.0%-
PBT growth-90.5%+1170.9%+9998.0%-6036.1%+99.0%-+59.2%
Net income growth-58.2%+177.3%-24.8%-363.3%+140.4%-17.9%-
Revenue CAGR (3Y)+0.3%+4.1%+8.7%-10.6%-13.9%-6.7%+13.8%
EBITDA CAGR (3Y)+79.9%+7.2%+11.5%-47.3%-5.5%-10.3%+66.4%
Profitability & leverage
Net income margin+9.5%+74.1%-7.0%-36.4%-15.4%-44.7%+9.1%
Return on capital employed-+9.9%0.0%0.0%0.0%0.0%+1.6%
Return on net worth-+10.0%0.0%0.0%0.0%0.0%-4.2%
Debt / equity-1.874.604.362.251.351.01
Long-term debt / equity-1.393.673.871.971.110.50
Interest cover125.9939.63230.61-215.65134.12-86.214,996.61
Efficiency & per share
Fixed asset turnover-0.330.290.270.240.170.35
Inventory turnover-23.4318.0412.959.367.4813.65
Debtors turnover-11.416.495.103.892.135.21
EPS (₹)1.2411.13(1.01)(5.49)(2.15)(5.01)1.92
Dividend per share (₹)0.000.000.000.000.000.000.00
Book value per share (₹)0.0017.476.067.2112.7421.9429.21

Web traffic of Future Market Network

The website of Future Market Network (fmn.co.in) receives about 1.9K visits a month.

  • Monthly visits
    1.9K

    ▲ 5.9% vs previous month

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Related news about Future Market Network

Future Market Networks To Issue Up To 100,000 Shares And 19.9 Million Warrants At 10.80 Rupees Each
Reuters • 5 months ago
Future Market Networks - Approved Issue Of Shares, Warrants Worth Up To 364.3 Mln Rupees
Reuters • 2 years ago
Future Market Networks To Consider Fund Raising
Reuters • 2 years ago
Future Market Networks Named Rajesh Maloo As CFO
Reuters • 3 years ago
Future Market Networks Says NCLT Passed Order Allowing Co To Hold Meetings For Approval Of Arrangement With Future Cos, Reliance Entities
Reuters • 4 years ago
E-Shang Redwood’s 45 Million Acquisition of two logistics subsidiaries from Future Market Networks Limited
Global Legal Chronicle • 7 years ago
Future Market Networks gets NCLT approval for scheme of merger
Business Standard • 7 years ago
Future Market Networks plans to construct, develop and sell large scale integrated warehouses
Business Standard • 7 years ago
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Frequently Asked Questions about Future Market Network

Future Market Network was founded in 2008.

Future Market Network is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.

Future Market Network has 44 employees.

The primary company behind Future Market Network, Future Market Networks Limited, reported revenue of ₹112 Cr for FY 2026, down 2% year on year.

Future Market Network was founded in 2008 and is headquartered in Mumbai, India. Operations focus on the marketing sector, where services such as promotional strategies and retail solutions are delivered to retailers. The company supports retail businesses through targeted marketing initiatives, with its online presence maintained via the domain fmn.co.in. Activities are centered in the Indian market, addressing needs in retail promotion and networking.

Future Market Network offers Retail Services and Infra-logistics Services.

Yes, Future Market Network is publicly traded on NSE under the ticker symbol FMNL.

Future Market Network operates through Future Market Networks Limited.

The legal entities of Future Market Network currently have 8 directors, including Pramod Arora, Shreesh Misra, Anil L Biyani and others.

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