Announcement
Announcement under Regulation 30 (LODR)-Allotment 13 Jun - 31.18 lakh equity shares allotted on warrant conversion; company raises Rs 3.50 crore from promoter Surplus Finvest.
Source: Bse
Future Market Networks Limited (FMNL)
Small CapMedia stocks · Small cap · NSE
Future Market Networks Limited operates in Retail Media, within the Media sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers.
₹7.88
-0.30 · -3.67%
Market cap ₹48.4 Cr
Data qualityFresh enough for analysisQuote updated 21 Oct, 03:31 pm ISTDetails
Quote21 Oct, 03:31 pm IST
Base fundamentals06 Oct 2026 · screener
Latest result13 Aug, 04:44 pm IST
Score21 Oct, 04:30 am IST · v4.3-runtime-valuation
Tags02 May 2026
Coverage14/14 · 100%
Valuation2026-07-20 · Rf 6.8% · Media P/E 15.0 (n=57)
Technical timing lens
Trend score and candlestick chart
56Neutralfull bear SMA stack · SMA20 -16.2% / mo · MACD + · sector +14.1pp vs Nifty 500 (3M)
Stock trend: 27
Sector RS: 100
Sector 3M: +8.5% vs Nifty 500 -5.6%
Media FPI tailwindBuilding
Latest FPI flow is positive, but a second consecutive positive fortnight is still required. View sector evidence
Technical chart
FMNLD candles · FIT view-15.2%Latest close ₹7.88 on 2026-10-21
Bar
-6.6%
RSI
40
MACD hist
0.04
52W pos
17%
2026-10-21O ₹8.44H ₹8.60L ₹7.71C ₹7.88Vol 38,551 sh
Up bar
Down bar
EMA 20
EMA 50
Volume + 20D avg
Result date
RSI(14)
MACD / signal
Market context
Relative performance and chart statistics
Adjusted completed-session prices, rebased to 100
FMNLNifty MediaNifty 500
- FMNL
- -14.8%
- Nifty 500
- -6.5%
- Nifty Media
- +5.7%
- Vs Nifty 500
- -8.3 pp
Chart stats
21 Oct 2026- From 52W high
- -40.7%
- 52W range position
- 17%
- ATR (14)
- 8.4%
- Volume vs 20D
- 0.61x
- Avg traded value
- ₹0.1 Cr
- 20D price channel
- ₹7.5 - ₹9.1
₹13.3
₹6.7 - ₹13.3
₹0.7
Latest completed session
20-session average
42.0% annualized volatility
Research snapshot
What the evidence says now
Mixed fundamentals, management evidence is still limited to a financial-only Trust Lite signal, price trend is neutral, and recent execution is weak.
Suggested next step
Check latest quarters
Result consistency is weak; verify whether the thesis is improving or deteriorating.
U-Score
Legacy · FAIR VALUE54
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
Latest result
Average37
Revenue +0.8% · PAT +23.1% YoY
Technical
Neutral56
Price trend and sector-relative-strength timing.
Valuation
Legacy model+74.4%
Legacy margin-of-safety estimate; the revised evidence label remains in shadow validation.
Trust
Limited evidence50
Financial-only signal; management claim evidence is not sufficient yet.
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Latest result
Quarter ended 30 Jun 2026
Average · 37/100margin compression · Rev +1% YoY · PAT +23% YoY · operating leverage
Filed 13 Aug 2026
Open results browser →| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹24.6 Cr | +0.8% | -3.1% |
| EBITDA | ₹10.2 Cr | -15.0% | -9.6% |
| Operating margin | 41.6% | -774 bps | -299 bps |
| PAT | ₹1.8 Cr | +23.1% | -7.7% |
| PAT margin | 7.3% | +134 bps | -36 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Fundamentals
Valuation
- P/E
- 5.81
- P/B
- 0.44
- EV/EBITDA
- 2.59
- Market Cap
- 48.40Cr
Profitability
- ROE
- 3.95%
- ROCE
- 7.88%
- ROA
- 2.49%
- Dividend Y
- —
Growth (CAGR)
- Revenue 5Y
- 7.00%
- EPS 5Y
- 17.00%
- Revenue 3Y
- 2.00%
- EPS 3Y
- 27.00%
Balance Sheet
- Debt/Equity
- 1.31
- Interest Coverage
- 2.49×
- Altman Z
- 1.21
- Book Value
- 18.30
Cash Flow
- FCF Yield
- 37.73%
- FCF Positive Y
- 9/5
- OCF
- 41.32 Cr
- EPS TTM
- 1.37
Shareholding
- Promoter Hold
- 69.95%
- Promoter Pledge
- 78.70%
- Momentum 52W
- 21%
Financial History
Updated 19/10/2026
Revenue
₹ CrLatest: 98.5-2.4% vs prev
Net Profit
₹ CrLatest: 7.6-88.2% vs prev
Return on Equity
%Latest: 6.9-89.3% vs prev
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Daily technical trend read
Bearish setupTrend is weak — long-term trend down. RSI 40.
- Price < SMA20 < SMA50 < SMA200 — full bearish stack.
- Recent death cross (SMA50 crossed below SMA200).
- SMA20 falling (~19.3% over last month) — short-term momentum negative.
- RSI(14) at 40 — sideways, no extreme reading.
- MACD above signal but histogram contracting — bullish momentum cooling.
- 41% off 52W high · 17% above 52W low.
Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.
Nifty 500 leadership
Relative Strength & Trend Stage
28
RS percentile
Stage 1 Base / Transition
1M return
-11.0%
3M return
-14.8%
6M return
-12.2%
1Y return
-32.8%
RS 1D
-1
RS 20D
-20
Sector rank
#15
Industry rank
#63
Stage evidence
- Price is 16.0% below the 30-week proxy without full trend alignment.
- The 30-week proxy changed -0.2% over 20 sessions.
- The moving-average structure does not confirm Stage 2 or Stage 4.
50-DMA
price below
200-DMA
price below
Sector
improving
Industry
lagging
Relative-strength line vs Nifty 500 (base 100)
262 observations
21 Oct 2026Value 78.07-2.76%
RS vs Nifty 50078
Valuation & peers
U-Score 54 · legacy U-Score band FAIR VALUE · valuation evidence and comparable companies
Valuation & peers
U-Score 54 · legacy U-Score band FAIR VALUE · valuation evidence and comparable companies
Deep Value
Fundamental score breakdown
U band · FAIR VALUEValuation30/30
Growth19/25
Quality0/20
Balance Sheet2/15
Cash Flow8/10
Piotroski
6/9 (+3)
Penalties
-8
Raw sum
54
Why this score?
Top U-Score contributors and drags from the latest stored fundamentals.
54/100 · legacy band FAIR VALUE
Positive drivers
- FCF yield is supportive at 37.7%.
- Fair-value margin of safety is positive at 74.4%.
- Valuation contributes 30/30 to the score.
Main drags
- Altman Z is 1.2, in distress territory.
- Promoter pledge is 78.7%.
- Penalty bucket subtracts 8 points.
Sector valuation model
Consumer valuation: PE/PEG and brand-quality premium
Consumer franchises can deserve higher multiples, but only when growth quality supports them.
Primary lens
PE and PEG relative to growth, ROE, margins, and brand strength.
Secondary checks
Volume growth, pricing power, distribution, same-store or category growth.
Main risk check
Premium valuation needs durable growth and margin resilience.
PE
5.8
PB
0.4
EV/EBITDA
2.6
ROE
4.0%
ROCE
7.9%
FCF Yield
37.7%
Debt/Equity
1.3
MoS
+74.4%
Score movement
Stored run vs live recompute
This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.
Stored run: 21 Oct 2026
v4.3-runtime-valuation
Final score
54
Previous: 54
Legacy U-Score band
FAIR VALUE
Previous: FAIR VALUE
Margin of safety
+74.4%
Previous: +73.5%
Score history
12 stored score snapshots. Latest stored move: +0 points.
21 Oct 2026
v4.3-runtime-valuation
54
54
54
54
54
54
54
54
54
54
54
54
Factor attribution
No pillar movement versus the latest stored run. Historical score trend will appear after snapshot storage is enabled.
Modelled fair value
Graham Number
₹23.75
+66.8% MoS
Growth-justified P/E
22.5
Growth-justified Value
₹30.83
+74.4% MoS
PEG
0.28
Comparable companies
Peers
Business-comparable peers in Media — ranked by industry, sub-sector, theme-tag overlap, market cap, and U-Score similarity. Green cells mark the best available peer metric in this table.
Ticker
Name
Why peer
Score
PE
ROE
MoS
Verdict
IL&FSTRANS
Small
IL&FS Transportation Networks Limited
Media & Entertainment
match 65
32
0.4
4.2%
+86%
WATCHLIST
CINEVISTA
Small
Cinevista Limited
Media & Entertainment
match 63
61
13.0
11.4%
+42%
UNDERVALUED
DNAMEDIA
Small
Diligent Media Corporation Limited
Media & Entertainment
match 62
14
—
—
—
OVERVALUED
INFOMEDIA
Small
Infomedia Press Limited
Media & Entertainment
match 61
4
—
-107.0%
—
OVERVALUED
BAGFILMS
Small
B.A.G Films and Media Limited
Media & Entertainment
match 60
36
19.0
2.3%
+24%
WATCHLIST
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business and thesis
Issuer presentation review pending
Future Market Networks Limited operates in Retail Media, within the Media sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers. The structured result feed currently covers the quarter ended 30 Jun 2026. Investor presentations and earnings-call PDFs will be added as issuer-backed evidence before management claims appear here.
Trust Score
50Limited evidence · low confidenceTrust Lite
Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.
Limited evidence: Claim history is still being built. It ranks around the 7th percentile of the scored universe and 15th percentile within Media. Main check: results consistency is weak at 17/100.
This is a financial-behaviour screen, not a claim-tested management reliability verdict.
Computed 05 Sept 2026
management-trust-v1
5 docs text-extracted · 0 concalls text-extracted
Score band
Limited evidence
Financial behaviour is scored, but management claims do not yet have enough outcome checks.
Relative rank
7th percentile
overall median 67 · Media: 15th pctile, median 63 · Small: 9th pctile, median 66
Evidence depth
Financial-only
5 documents have extracted text, but claim history is not strong enough yet.
Claim delivery
Outcome history still building
0 claims extracted · No contradicted claim yet
How to read this Trust Score
Limited evidence · low confidenceWhat it measures
Reliability of management and financial delivery, using financial behaviour only.
Confidence
Treat this as an early read until more concalls and outcomes are matched.
Investor use
Needs extra due diligence; demand valuation comfort and recent improvement.
Read Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.
Forensic breakdown
Read low sub-scores as due-diligence warnings, not automatic sell signals.
Promoter
47
watch · holding, pledge, alignment
Cash flow
89
strong · profit to cash conversion
Balance sheet
35
weak · leverage and solvency
Discipline
42
weak · capital discipline
Results
17
weak · quarterly consistency
Trust positives
- ▸Promoter holding is 70%.
- ▸Promoter holding increased 3%.
- ▸FCF yield is 29.8%.
- ▸9 years of positive FCF.
Trust risks
- ▸Promoters have pledged 78.7% of holding.
- ▸Altman Z is 1.24.
- ▸3 latest quarters had PAT decline worse than 25% YoY.
- ▸Debt/equity is 1.31.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Continue researching Future Market Networks Limited
Important announcements & filings
Latest exchange and company disclosures found within the past two years.
Open source ↗
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 9 Jun - Newspaper advertisement regarding corrigendum to the Notice of extra ordinary general Meeting
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 23 May - Future Market Networks Limited has informed about copy of newspaper advertisement of the Notice of the Extra Ordinary General Meeting
Source: Bse
Announcement
Notice Of Extraordinary General Meeting 22 May
Source: Bse
Annual report
Annual Report 2025
Source: Bse
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.