Future Enterprises Limited (FELDVR.NS) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

-5966.9%

-₹116.16

vs ₹1.98 price

Levered DCF

-₹111.47

After debt service

Piotroski score

3 / 9

Weak

Altman Z-score

-2.91

Distress zone

Rating

—

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016
P/E	-0.32×	-0.23×	-0.45×	-1.41×	12.55×	240×	35.25×	14.39×
P/B	-0.51×	-2.5×	0.19×	0.12×	0.42×	0.42×	0.33×	0.15×
P/S	2.1×	0.3×	0.36×	0.09×	0.28×	0.32×	0.28×	0.06×
EV / EBITDA	-17.56×	-5.53×	22.65×	5.5×	5.24×	5.34×	6.23×	4.47×
Gross margin	-599.4%	7.6%	-35.7%	32.6%	31.4%	29.8%	29.2%	28.4%
Operating margin	-1634.2%	-37.8%	-41.8%	6.1%	11.1%	9.4%	8.5%	6.0%
Net margin	-648.6%	-131.2%	-78.9%	-6.2%	2.4%	0.1%	0.8%	0.4%
Current ratio	0.02×	0.37×	1.11×	0.78×	1.7×	1.99×	2.24×	1.74×
Debt / equity	-12.6×	-28.41×	2.71×	1.8×	1.66×	1.5×	1.43×	1.33×
Interest coverage	-110.42×	-1.09×	-0.73×	0.46×	1.11×	0.83×	0.73×	1.09×
Dividend yield	0.0%	0.0%	0.0%	0.7%	0.2%	0.7%	0.5%	5.1%
Payout ratio	0.0%	0.0%	0.0%	-1.1%	1.9%	167.7%	16.7%	72.4%

Key metrics by fiscal year

Metric	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016
Return on equity	158.4%	1095.9%	-42.6%	-8.8%	3.6%	0.2%	0.9%	1.0%
Return on invested capital	-33.7%	-11.3%	-5.7%	2.6%	5.7%	2.8%	3.2%	4.3%
Return on assets	-11.9%	-34.1%	-9.5%	-2.1%	1.1%	0.1%	0.3%	0.4%
Free cash flow yield	0.0%	59.3%	-612.2%	164.0%	-22.2%	-33.5%	-25.5%	-53.1%
Earnings yield	-308.3%	-437.7%	-220.3%	-70.9%	8.6%	0.4%	2.8%	7.0%
Enterprise value	₹56.1B	₹81.1B	₹76.1B	₹72.4B	₹82.1B	₹73B	₹64.4B	₹49.6B
Net debt / EBITDA	-16.88×	-5.08×	21.14×	5.15×	4.17×	4.15×	5.03×	4.01×
Cash conversion cycle (days)	-37	156	761	147	83	90	77	24