Future Retail Limited (FRETAIL) - Net Assets
Based on the latest financial reports, Future Retail Limited (FRETAIL) has net assets worth Rs-12.21 Billion INR (≈ $-132.01 Million USD) as of September 2021. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs177.27 Billion ≈ $1.92 Billion USD) and total liabilities (Rs189.48 Billion ≈ $2.05 Billion USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check Future Retail Limited asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Rs-12.21 Billion |
| % of Total Assets | -6.89% |
| Annual Growth Rate | N/A |
| 5-Year Change | -57.17% |
| 10-Year Change | N/A |
| Growth Volatility | 39.57 |
Future Retail Limited - Net Assets Trend (2012–2021)
This chart illustrates how Future Retail Limited's net assets have evolved over time, based on quarterly financial data. Also explore Future Retail Limited total assets for the complete picture of this company's asset base.
Annual Net Assets for Future Retail Limited (2012–2021)
The table below shows the annual net assets of Future Retail Limited from 2012 to 2021. For live valuation and market cap data, see FRETAIL stock market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2021-03-31 | Rs10.94 Billion ≈ $118.28 Million |
-73.85% |
| 2020-03-31 | Rs41.83 Billion ≈ $452.40 Million |
+8.75% |
| 2019-03-31 | Rs38.47 Billion ≈ $416.00 Million |
+24.23% |
| 2018-03-31 | Rs30.96 Billion ≈ $334.85 Million |
+21.25% |
| 2017-03-31 | Rs25.54 Billion ≈ $276.17 Million |
+36.27% |
| 2016-03-31 | Rs18.74 Billion ≈ $202.66 Million |
+749.33% |
| 2015-03-31 | Rs-2.89 Billion ≈ $-31.21 Million |
+70.84% |
| 2013-03-31 | Rs-9.90 Billion ≈ $-107.02 Million |
-110.02% |
| 2012-03-31 | Rs-4.71 Billion ≈ $-50.96 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Future Retail Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 3160720000000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (March 2021)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | Rs1.08 Billion | 9.92% |
| Other Comprehensive Income | Rs-941.20 Million | -8.61% |
| Other Components | Rs52.24 Billion | 477.67% |
| Total Equity | Rs10.94 Billion | 100.00% |
Future Retail Limited Competitors by Market Cap
The table below lists competitors of Future Retail Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Tellusgruppen AB
ST:TELLUS
|
$13.38 Million |
|
AroCell AB
ST:AROC
|
$13.39 Million |
|
VOGO SA
PA:ALVGO
|
$13.39 Million |
|
Sarama Resource
V:SWA
|
$13.40 Million |
|
Indian Card Clothing Company Limited
NSE:INDIANCARD
|
$13.37 Million |
|
SAIHEAT Limited
NASDAQ:SAIH
|
$13.37 Million |
|
Torrent Capital Ltd
V:TORR
|
$13.36 Million |
|
Prospera Energy Inc
V:PEI
|
$13.36 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Future Retail Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2020 to 2021, total equity changed from 41,832,200,000 to 10,937,400,000, a change of -30,894,800,000 (-73.9%).
- Net loss of 31,895,200,000 reduced equity.
- Share repurchases of 15,800,000 reduced equity.
- New share issuances of 15,800,000 increased equity.
- Other comprehensive income decreased equity by 7,473,300,000.
- Other factors increased equity by 8,473,700,000.
Equity Change Factors (2020 to 2021)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Rs-31.90 Billion | -291.62% |
| Share Repurchases | Rs15.80 Million | -0.14% |
| Share Issuances | Rs15.80 Million | +0.14% |
| Other Comprehensive Income | Rs-7.47 Billion | -68.33% |
| Other Changes | Rs8.47 Billion | +77.47% |
| Total Change | Rs- | -73.85% |
Book Value vs Market Value Analysis
This analysis compares Future Retail Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 0.11x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2012-03-31 | Rs-10.00 | Rs2.28 | x |
| 2013-03-31 | Rs-21.00 | Rs2.28 | x |
| 2015-03-31 | Rs-6.12 | Rs2.28 | x |
| 2016-03-31 | Rs39.76 | Rs2.28 | x |
| 2017-03-31 | Rs54.17 | Rs2.28 | x |
| 2018-03-31 | Rs62.68 | Rs2.28 | x |
| 2019-03-31 | Rs76.54 | Rs2.28 | x |
| 2020-03-31 | Rs77.27 | Rs2.28 | x |
| 2021-03-31 | Rs20.24 | Rs2.28 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Future Retail Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -291.62%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -51.84%
- • Asset Turnover: 0.32x
- • Equity Multiplier: 17.39x
- Recent ROE (-291.62%) is below the historical average (-28.54%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2012 | 0.00% | -38.67% | 2.41x | 0.00x | Rs-3.47 Billion |
| 2013 | 0.00% | -34.09% | 3.18x | 0.00x | Rs-4.39 Billion |
| 2015 | 0.00% | -21.31% | 3.88x | 0.00x | Rs-3.50 Billion |
| 2016 | 0.81% | 0.22% | 1.23x | 2.98x | Rs-1.72 Billion |
| 2017 | 14.42% | 2.16% | 2.46x | 2.72x | Rs1.13 Billion |
| 2018 | 0.37% | 0.06% | 2.25x | 2.65x | Rs-2.98 Billion |
| 2019 | 18.90% | 3.58% | 1.92x | 2.75x | Rs3.42 Billion |
| 2020 | 0.28% | 0.06% | 0.91x | 5.15x | Rs-4.07 Billion |
| 2021 | -291.62% | -51.84% | 0.32x | 17.39x | Rs-32.99 Billion |
Industry Comparison
This section compares Future Retail Limited's net assets metrics with peer companies in the Department Stores industry.
Industry Context
- Industry: Department Stores
- Average net assets among peers: $20,136,775,843
- Average return on equity (ROE) among peers: 2.93%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Future Retail Limited (FRETAIL) | Rs-12.21 Billion | 0.00% | N/A | $13.37 Million |
| Future Enterprises Limited (FEL) | $31.95 Billion | 2.39% | 2.04x | $46.22 |
| Future Enterprises Limited (FELDVR) | $38.21 Billion | 0.92% | 1.76x | $1.26 Million |
| Osia Hyper Retail Limited (OSIAHYPER) | $913.49 Million | 9.90% | 3.39x | $11.05 Million |
| Shoppers Stop Limited (SHOPERSTOP) | $3.01 Billion | 25.63% | 16.56x | $353.57 Million |
| Spencer's Retail Limited (SPENCERS) | $2.74 Billion | -47.74% | 4.82x | $33.68 Million |
| V-Mart Retail Limited (VMART) | $120.27 Million | 29.30% | 3.09x | $529.72 Million |
| Vishal Mega Mart Ord Shs (VMM) | $64.01 Billion | 0.12% | 0.56x | $6.18 Billion |
About Future Retail Limited
Future Retail Limited engages in retailing fashion, household, food, and consumer products in India. The company operates hypermarkets under the Big Bazaar and Big Bazaar GEN NXT brands; supermarkets under the HyperCity and foodworld brands; neighborhood food and grocery stores under the Easyday Club and Heritage Fresh brand names; fashion stores under the fbb brand; lifestyle food superstore und… Read more