Trending stocks: Future Retail shares down over 4%

NEW DELHI: Shares of Future Retail Ltd. traded 4.43 per cent down in Monday's trade at 10:31AM (IST). Around 211,971 shares changed hands on the counter.

The counter opened at Rs 136.4 and touched an intraday high and low of Rs 136.4 and Rs 129.75, respectively, in the session so far. The stock of Future Retail Ltd. quoted a 52-week high of Rs 482.2 and a 52-week low of Rs 61.05.

Total market cap of the Future Retail Ltd. stood at Rs 7064.9 crore at the time of writing this report.


Amid talk of a possible Reliance Retail-Future Group deal, Amazon’s stake in a Kishore Biyani holding company has emerged as an issue that needs to be resolved, said people familiar with the development. Reliance Retail and Amazon are competitors. Amazon owns around 3.5 per cent in Future Retail Ltd (FRL).


Key Financials
The company reported consolidated sales of Rs 5193.19 crore for the quarter ended 31-Dec-2019, down 4.7 per cent from previous quarter's Rs 5449.06 crore and down 3.26 per cent from the year-ago quarter's Rs 5368.46 crore.

The net profit for latest quarter stood at Rs 165.18 crore, down 16.36 per cent from the corresponding quarter last year.

Shareholding pattern
As of 19-May-2020, DIIs held 4.03 per cent stake in the company, while foreign institutional investors held 11.73 per cent and the promoters 41.73 per cent.


Valuation ratio
According to BSE data, the stock traded at a P/E multiple of 10.23 and a price-to-book ratio of 1.7. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.

Future Retail Ltd. belongs to the Supermarkets industry.