Share price
₹8.21 latest close · −21.4% over the last 90 sessions
₹8.21 month-end · −18.0% over 12 months
₹8.21 month-end · +47.9% over 3 years
₹8.21 month-end · −82.8% since Jan '19
52-week range ₹6.74 to ₹12.95 · 1-year volatility 50.2%
How rough has the ride been?
Drawdown from peak
Largest drawdowns
-93.6% (2019-01 peak to 2023-03 low, not yet recovered)
Is it expensive against its own past and its peers?
Usual range 1.2x to 16.0x since 2019-01.
62% below the Transportation median.
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How to read this
Shaded band: 10th to 90th percentile of the company's own P/E history; dotted line: its median; orange line: sector median (companies with a positive multiple, at least 5 in the sector).
Sector figures are built from today's listed companies, so they exclude companies that are no longer listed.
Where does it rank among Transportation peers?
Each cell is the company's percentile rank among its Transportation peers (non-financial companies) that month.
Darker is better-ranked.
Rows marked ↓ are inverted (lower debt, shorter cash cycle and a lower P/E rank higher).
Where it ranks today
- ROCE29th▼ 35 pts vs a year ago
- Op. margin88th▼ 3 pts vs a year ago
- Revenue growth12th▼ 30 pts vs a year ago
- EPS growth7th
- Debt/equity ↓12th▲ 3 pts vs a year ago
- Cash cycle ↓86th▲ 10 pts vs a year ago
- P/E ↓97th
- 12M momentum33rd▲ 22 pts vs a year ago
Rank history
Percentiles use today's listed companies in the sector and need at least 5 peers with a value; grey cells have too few.
ROE is computed from net profit and book value where the source does not report it.
The Transportation sector page Watch it move against Transportation in the Observatory
What is the price implying?
At a P/E of 9.0x, the price would imply about 6.4%/yr earnings growth for 10 years under the same assumptions, but it is not ranked.
Fewer than six years of annual earnings are available, which is too little to measure delivered growth.
“Implied growth” is what the current price would require under our stated assumptions, not what we expect.
What prices imply across Transportation The market-wide Expectations lists
Key figures
- Share Priceclose 9 Nov
- ₹8.21
- P/E
- 6.0x
- ROCE
- 7.9%
- Market Cap
- ₹50 cr
- Revenue (TTM)
- ₹99 cr
- P/S
- 0.5x
- P/B
- 0.4x
- ROE
- 7.5%
- Operating Margin
- 41.6%
- Debt / Equity
- 1.3x
- Promoter Holding
- 70.0%
- 12M Momentum
- -18.0%
52-week range
Price risk
Balance sheet & cash
Are profits backed by cash?
Other income reliance202%Beyond threshold
Other income as a share of pre-tax profit (trailing twelve months): 202.2%. Bands: below 15%, 15% to 35%, above 35%.
Tax rate3%Beyond threshold
Median quarterly effective tax rate over about 2.5 years: 3.1%. Bands: 15% to 35%, 5% to 15% or 35% to 50%, outside 5% to 50%.
Cash conversion0.41xBeyond threshold
Operating cash flow divided by net profit over the last three fiscal years: 0.41x (cash from operations ₹26.1 cr, net profit ₹64 cr). Bands: 0.8x and above, 0.5x to 0.8x, below 0.5x.
Free cash flow3 of 5 yrsNear threshold
Fiscal years with positive free cash flow in the last 5: 3. Bands: at least 80% of years, 40% to 80%, below 40%.
Receivable days vs history-7 daysWithin range
Debtor days are below the median of the previous three fiscal years by 7 days (31 vs 38). Bands: under 15 days, 15 to 45, over 45.
Capital work in progress5% of fixed assetsWithin range
Capital work-in-progress is 5% of fixed assets. Bands: not rising or up to 30%; rising for three years and above 30%; rising and above 60%.
Payable days—Not enough data
Not enough reported data to compute this.
Tap a check to see how it is measured
How to read this
Each check is a named rule with fixed thresholds, not a score. Annual statements are the latest restated figures, so a past year may differ from what was originally reported.
Who has been buying and selling?
- Over 3 years, promoters added 4.6 pts.
Holdings, Jun '26
How each group changed
Number of shareholders
Quarterly shareholding as reported, labelled by the quarter it covers (it becomes visible about two months later).
Shareholder counts are only available for recent quarters.
What happened next to similar setups
- We found 50 past situations where a non-financial company looked like FUTURE MARKET NETWORKS LTD today on valuation, return on capital, margins, debt, growth, price momentum, size and volatility.
- Over the following 12 months the middle half of them returned −14% to +20% vs the market, against −2% for all non-financial companies in the same months.
- The gap against the base rate (−1.1%, 80% range −6.2% to +5.9%) is within what chance and overlapping periods produce.
Where the 50 outcomes landed
Each dot is one past situation (hover or tap for details) · Solid dots are the closest matches, listed below · Shaded is the middle half of all companies in the same months · 5 beyond the range shown, drawn at the edge
50 past situations · 50 companies · 34 months · 2020–2025
The closest matches
| Company | When | P/E | ROCE | 12M mom. | Drawdown | Next 12 months |
|---|---|---|---|---|---|---|
| RAJSREESUG Process Industries |
Jan 2020 | 2x | 11% | −2% | −30% | −34% |
| INDSWFTLAB Health Technology |
Apr 2020 | 4x | 4% | −41% | −54% | +136% |
| SALSTEEL Non-Energy Minerals |
Jun 2021 | 4x | 7% | +55% | −5% | +41% |
| AMDIND Process Industries |
Feb 2025 | 14x | 10% | −27% | −48% | −20% |
| LAGNAM Process Industries |
Jul 2023 | 12x | 9% | −13% | −21% | +74% |
Show the other 3 matches
| Company | When | P/E | ROCE | 12M mom. | Drawdown | Next 12 months |
|---|---|---|---|---|---|---|
| RELCHEMQ Process Industries |
May 2024 | 13x | 11% | +22% | −34% | −10% |
| SALONA Process Industries |
Aug 2023 | 8x | 14% | +6% | −17% | −23% |
| SURYALAXMI Process Industries |
May 2023 | 3x | 14% | −7% | −22% | −19% |
How reliable is this?
Matched on P/E, P/S, ROCE, operating margin, debt/equity, interest cover, revenue growth, 12-month momentum, drawdown from 12-month high, size and volatility. Closest on: 12-month momentum, drawdown from 12-month high and P/S. One match per company and at most 7 from any one month.
Independent periods: the matches fall in 6 distinct 12-month windows. Matches from nearby months share the same market conditions, so fewer windows means less evidence.
What changed?
23 events since Jun '19
- JulResultsYear-on-year EPS growth turned negative.
- JulPeer rankSlipped to the 3rd quartile of Transportation on ROCE (from the 2nd quartile).
- JunResultsEPS (TTM) turned positive.
- JanDebtDebt / equity halved over 12 months to 1.79x.
- SepResultsEPS (TTM) turned negative.
- SepPeer rankMoved into the top quartile of Transportation on operating margin (from the 2nd quartile).
- JunValuationP/E fell below the 10th percentile of its own history to date (1.4x).
- JunPeer rankSlipped to the 2nd quartile of Transportation on operating margin (from the top quartile).
Show 15 earlier events
- JunDebtDebt / equity halved over 12 months to 1.79x.
- JunSharesShare count is up 5.4% over 12 months.
- OctResultsEPS (TTM) turned positive.
- OctValuationP/E fell below the 10th percentile of its own history to date (1.2x).
- JunPeer rankMoved into the 2nd quartile of Transportation on ROCE (from the 3rd quartile).
- MarPriceFell 94% from the Jan 2019 peak to the Mar 2023 low.
- JunPeer rankMoved into the 3rd quartile of Transportation on ROCE (from the bottom quartile).
- JunResultsEPS (TTM) turned negative.
- JunPeer rankSlipped to the bottom quartile of Transportation on EPS growth (from the top quartile).
- JunPeer rankSlipped to the bottom quartile of Transportation on ROCE (from the 2nd quartile).
- JunDebtDebt / equity rose above 1.0x (1.30x).
- DecPeer rankMoved into the 2nd quartile of Transportation on ROCE (from the 3rd quartile).
- JunResultsEPS (TTM) turned positive.
- JunPeer rankMoved into the 3rd quartile of Transportation on ROCE (from the bottom quartile).
- JunDebtDebt / equity fell below 1.0x (0.86x).
Events are generated from the data by fixed rules.
The month shown is when the change became visible in the reported figures, assuming a 60-day lag after each quarter end; it is not an announcement date.
Where price and fundamentals disagree, market-wide Rewind the whole market to any month
Monthly history95 months · 2019-01 to 2026-11
| Month | P/E | Revenue (TTM) | ROE | ROCE | Debt / Equity |
|---|---|---|---|---|---|
| 2026-11 | 6.0x | ₹99 cr | 7.5% | 7.9% | 1.3x |
| 2026-10 | 5.9x | ₹99 cr | 7.5% | 7.9% | 1.3x |
| 2026-09 | 6.1x | ₹99 cr | 7.5% | 7.9% | 1.3x |
| 2026-08 | 8.0x | ₹99 cr | 7.2% | 7.9% | 1.3x |
| 2026-07 | 7.2x | ₹99 cr | 7.2% | 7.9% | 1.3x |
| 2026-06 | 8.2x | ₹99 cr | 7.2% | 7.9% | 1.3x |
| 2026-05 | — | ₹97 cr | -25.0% | 15.8% | 1.8x |
| 2026-04 | — | ₹97 cr | -25.0% | 15.8% | 1.8x |
| 2026-03 | — | ₹97 cr | -25.0% | 15.8% | 1.8x |
| 2026-02 | — | ₹99 cr | -20.6% | 15.8% | 1.8x |
| 2026-01 | — | ₹99 cr | -20.6% | 15.8% | 1.8x |
| 2025-12 | — | ₹99 cr | -20.6% | 15.8% | 1.8x |
| 2025-11 | — | ₹101 cr | -16.8% | 15.8% | 1.8x |
| 2025-10 | — | ₹101 cr | -16.8% | 15.8% | 1.8x |
| 2025-09 | — | ₹101 cr | -16.8% | 15.8% | 1.8x |
| 2025-08 | 1.1x | ₹101 cr | 67.0% | 15.8% | 1.8x |
| 2025-07 | 1.1x | ₹101 cr | 67.0% | 15.8% | 1.8x |
| 2025-06 | 1.4x | ₹101 cr | 67.0% | 15.8% | 1.8x |
| 2025-05 | — | ₹100 cr | 412.7% | 17.9% | 5.9x |
| 2025-04 | — | ₹100 cr | 412.7% | 17.9% | 5.9x |
| 2025-03 | — | ₹100 cr | 412.7% | 17.9% | 5.9x |
| 2025-02 | 1.2x | ₹97 cr | 404.1% | 17.9% | 5.9x |
| 2025-01 | 1.2x | ₹97 cr | 404.1% | 17.9% | 5.9x |
| 2024-12 | 1.7x | ₹97 cr | 404.1% | 17.9% | 5.9x |
| 2024-11 | 1.6x | ₹95 cr | 302.9% | 17.9% | 5.9x |
| 2024-10 | 1.2x | ₹95 cr | 302.9% | 17.9% | 5.9x |
| 2024-09 | — | ₹95 cr | 302.9% | 17.9% | 5.9x |
| 2024-08 | — | ₹93 cr | -38.2% | 17.9% | 5.9x |
| 2024-07 | — | ₹93 cr | -38.2% | 17.9% | 5.9x |
| 2024-06 | — | ₹93 cr | -38.2% | 17.9% | 5.9x |
| 2024-05 | — | ₹92 cr | -29.6% | 13.9% | 7.6x |
| 2024-04 | — | ₹92 cr | -29.6% | 13.9% | 7.6x |
| 2024-03 | — | ₹92 cr | -29.6% | 13.9% | 7.6x |
| 2024-02 | — | ₹92 cr | -29.6% | 13.9% | 7.6x |
| 2024-01 | — | ₹92 cr | -29.6% | 13.9% | 7.6x |
| 2023-12 | — | ₹92 cr | -29.6% | 13.9% | 7.6x |
| 2023-11 | — | ₹92 cr | -29.6% | 13.9% | 7.6x |
| 2023-10 | — | ₹92 cr | -29.6% | 13.9% | 7.6x |
| 2023-09 | — | ₹92 cr | -29.6% | 13.9% | 7.6x |
| 2023-08 | — | ₹92 cr | -29.6% | 13.9% | 7.6x |
| 2023-07 | — | ₹92 cr | -29.6% | 13.9% | 7.6x |
| 2023-06 | — | ₹92 cr | -29.6% | 13.9% | 7.6x |
| 2023-05 | — | ₹85 cr | -69.7% | 9.3% | 6.6x |
| 2023-04 | — | ₹85 cr | -69.7% | 9.3% | 6.6x |
| 2023-03 | — | ₹85 cr | -69.7% | 9.3% | 6.6x |
| 2023-02 | — | ₹85 cr | -69.7% | 9.3% | 6.6x |
| 2023-01 | — | ₹85 cr | -69.7% | 9.3% | 6.6x |
| 2022-12 | — | ₹85 cr | -69.7% | 9.3% | 6.6x |
| 2022-11 | — | ₹85 cr | -69.7% | 9.3% | 6.6x |
| 2022-10 | — | ₹85 cr | -69.7% | 9.3% | 6.6x |
| 2022-09 | — | ₹85 cr | -69.7% | 9.3% | 6.6x |
| 2022-08 | — | ₹85 cr | -69.7% | 9.3% | 6.6x |
| 2022-07 | — | ₹85 cr | -69.7% | 9.3% | 6.6x |
| 2022-06 | — | ₹85 cr | -69.7% | 9.3% | 6.6x |
| 2022-05 | — | ₹69 cr | -28.9% | -2.0% | 1.8x |
| 2022-04 | — | ₹69 cr | -28.9% | -2.0% | 1.8x |
| 2022-03 | — | ₹69 cr | -28.9% | -2.0% | 1.8x |
| 2022-02 | — | ₹69 cr | -28.9% | -2.0% | 1.8x |
| 2022-01 | — | ₹69 cr | -28.9% | -2.0% | 1.8x |
| 2021-12 | — | ₹69 cr | -28.9% | -2.0% | 1.8x |
| 2021-11 | — | ₹69 cr | -28.9% | -2.0% | 1.8x |
| 2021-10 | — | ₹69 cr | -28.9% | -2.0% | 1.8x |
| 2021-09 | — | ₹69 cr | -28.9% | -2.0% | 1.8x |
| 2021-08 | — | ₹69 cr | -28.9% | -2.0% | 1.8x |
| 2021-07 | — | ₹69 cr | -28.9% | -2.0% | 1.8x |
| 2021-06 | — | ₹69 cr | -28.9% | -2.0% | 1.8x |
| 2021-05 | 2.9x | ₹127 cr | 18.3% | 2.9% | 1.3x |
| 2021-04 | 3.1x | ₹127 cr | 18.3% | 2.9% | 1.3x |
| 2021-03 | 2.3x | ₹127 cr | 18.3% | 2.9% | 1.3x |
| 2021-02 | 3.4x | ₹127 cr | 18.3% | 2.9% | 1.3x |
| 2021-01 | 4.1x | ₹127 cr | 18.3% | 2.9% | 1.3x |
| 2020-12 | 3.7x | ₹127 cr | 18.3% | 2.9% | 1.3x |
| 2020-11 | 3.3x | ₹127 cr | 18.3% | 2.9% | 1.3x |
| 2020-10 | 3.0x | ₹127 cr | 18.3% | 2.9% | 1.3x |
| 2020-09 | 3.1x | ₹127 cr | 18.3% | 2.9% | 1.3x |
| 2020-08 | 5.4x | ₹127 cr | 18.3% | 2.9% | 1.3x |
| 2020-07 | 4.8x | ₹127 cr | 18.3% | 2.9% | 1.3x |
| 2020-06 | 5.4x | ₹127 cr | 18.3% | 2.9% | 1.3x |
| 2020-05 | 9.6x | ₹131 cr | 5.8% | 8.1% | 0.9x |
| 2020-04 | 10.2x | ₹131 cr | 5.8% | 8.1% | 0.9x |
| 2020-03 | 4.9x | ₹131 cr | 5.8% | 8.1% | 0.9x |
| 2020-02 | 11.2x | ₹131 cr | 5.8% | 8.1% | 0.9x |
| 2020-01 | 14.4x | ₹131 cr | 5.8% | 8.1% | 0.9x |
| 2019-12 | 15.0x | ₹131 cr | 5.8% | 8.1% | 0.9x |
| 2019-11 | 16.1x | ₹131 cr | 5.8% | 8.1% | 0.9x |
| 2019-10 | 21.7x | ₹131 cr | 5.8% | 8.1% | 0.9x |
| 2019-09 | 16.0x | ₹131 cr | 5.8% | 8.1% | 0.9x |
| 2019-08 | 16.1x | ₹131 cr | 5.8% | 8.1% | 0.9x |
| 2019-07 | 12.7x | ₹131 cr | 5.8% | 8.1% | 0.9x |
| 2019-06 | 21.4x | ₹131 cr | 5.8% | 8.1% | 0.9x |
| 2019-05 | — | ₹84 cr | -8.5% | -0.1% | 1.3x |
| 2019-04 | — | ₹84 cr | -8.5% | -0.1% | 1.3x |
| 2019-03 | — | ₹84 cr | -8.5% | -0.1% | 1.3x |
| 2019-02 | — | ₹84 cr | -8.5% | -0.1% | 1.3x |
| 2019-01 | — | ₹84 cr | -8.5% | -0.1% | 1.3x |