Future Supply Chain Solutions Ltd
FSC

Future Supply Chain Solutions Ltd (FSC)

₹25.750.2%

Key Stats

₹25.1
Day's Price Range
₹26.95
₹24.1
52-Week Price Range
₹96.45
1 Month Return-6.86 %
3 Month Return-14.57 %
1 Year Return-63.44 %

Company Financials

  • Quarterly
  • Annual
Value in ₹ crore

Peer Comparsion

PE
Rank 33
-0.17
EPS
Rank 33
₹-156.16
BVPS
Rank 10
₹127.14
Dividend Yield
Rank 11
ROE
Rank 52
-28.34%
Price To Book Ratio
0.2
Debt To Asset
Rank 18
0.68

Company Information

Future Supply Chain Solutions Limited FSC is a leading thirdparty logistics service operator in India and covers the entire gamut of supply chain services across logistics value chain including smart warehousing an efficient transportation and distribution system temperature controlled logistics and last mile delivery logistics. FSC operates a panIndia distribution network offers integrated warehouse management systems with highly automated stateoftheart technology systems and hub and spoke transportation model that enable innovative service offerings to the customers in an optimised and cost efficient manner. It caters to corporates in Fashion Apparels Food Beverages Consumer Electronics High Tech Automotive Engineering Home Furniture Healthcare General Merchandise and ECommerce sectors.As of September 30 2018 FSC operations are run through 80 distribution centres across India covering approximately 6.40 million sq. ft. of warehouse space. Its hubandspoke distribution model comprising 14 hubs and 129 branches across India covering 11559 pin codes across 29 states and 5 union territories. During September 2018 FSC operated 832 containerized vehicles and 116 company owned refrigerated trucks.The Company is promoted by Future Enterprises Limited which is promoted by Kishore Biyani. Other entities promoted by Kishore Biyani include Future Retail Limited Future Consumer Limited and Future Lifestyle Fashions Limited collectively the Future Entities. While the business of the company was originally established to provide supply chain and logistics solutions for the Promoter and certain of its Group Companies it has diversified its customer base across various sectors.The Company has received a number of industry awards in recent years including the Best 3PL Company of the Year at the Goa State Logistics Supply Chain and Warehousing Leadership Awards 2017 the awards for Best 3PL Company of the Year and for Industry Excellence in Supply Chain FMCG at the 11th edition of the Express Logistics and Supply Chain Leadership Awards Kamikaze ICC Supply Chain Logistics Excellence Awards 2017 for 3PL Solutions in 2017 the award for Overall Excellence in Logistics Supply Chain at the CIISCALE Awards in 2016 the award for Best Cold Chain 3PL Service Provider of the Year at the Cold Chain Strategy Awards in 2017 3PL Company of the Year in Retail and FMCG at the 10th edition of the Express Logistics and Supply Chain Leadership Awards Kamikaze and the 3PL Award and the Industrial Retail Warehouse Award at the CIISCALE Awards in 2015. Future Supply Chain Solutions Limited was incorporated on March 8 2006 as Future Logistic Solutions Limited a public limited company. The name of the company was changed to Future Supply Chain Solutions Limited on October 23 2009. The name of the company was changed to convey the range of business solutions offered by the company. In 2009 the company implemented transport management system to improve visibility in and optimise transportation operations. During the year under review the company implemented Infor WM 9 Warehouse Management System. During the year under review SKC 1 Limited part of Fung Capital subscribed to 50 lakh compulsorily convertible debentures of the company of the face value of Rs 100 each.In 2012 the company introduced the Put to Light system which was the first of its kind for consumer industries. In 2013 the company registered Future Supply Chains as a trademark. During the year under review the company launched one of the largest and the most highlyautomated distribution centre in India at MIHAN Nagpur.In 2016 Griffin Partners Limited acquired 40 stake in the company from existing shareholders. During the year under review the company commenced temperature controlled logistics services.In 2017 the company setup a specialised integrated food distribution centre at Kolkata. During the year under review the company acquired 45 stake in Leanbox Logistics Solutions Pvt. Ltd. which uses technology to enhance lastmile delivery of goods. In July 2017 the company commenced operations of the high speed crossbelt sorter system.On 28/08/2017 the company filed Draft Red Herring Prospectus and on 30/11/2017 filed Red Herring Prospectus with SEBI for raising Rs. 649.70 cr. The Issue dates were from 06/12/2017 to 08/12/2017 with Price Band of Rs. 660 to Rs. 664. The Issue got subscribed 5.57 times leading to its Issue Price being fixed at Rs. 664. The Shares got listed in BSE and NSE on 18/12/2017 at Rs. 674 which is 1.50 above Issue Price.On 25 January 2018 Jasper Infotech which also owns Snapdeal Indias leading value focused ecommerce marketplace entered into an agreement with Future Supply Chain Solutions to sell 100 stake in Vulcan Express Private Limited in an allcash deal valued at Rs 35 crore. Vulcan Express which is focused on ecommerce and highvalue businesstobusiness logistics is one of the few logistics companies in India that provides endtoend solutions including pickup consolidation warehousing intercity movement last mile delivery payments collection and reverse logistics. Operating panIndia across 100 cities and 2000 pincodes its network is designed to provide GST friendly supply chain solutions with capabilities sharply focused towards the leading consumption centres in the country. Vulcan Express services the logistics requirements of Snapdeal Airtel and UPS.On 2 February 2018 Future Supply Chain Solutions Limited completed the acquisition and purchased 100 share capital of Vulcan Express Private Limited Vulcan thereby making Vulcan as wholly owned subsidiary of the company. On 9 April 2018 Reserve Bank of India RBI issued a press release relating to increase in the limits for investment in the equity share capital of the company by Registered Foreign Portfolio Investors RPFls including Foreign Institutional Investors Flis upto 49 of the paidup capital of the company.The Board of Directors of the company at its meeting held on 25 April 2018 approved the Scheme of Arrangement amongst Vulcan Express Private Limited VEPL and Future Supply Chain Solutions Limited FSC and their respective shareholders and creditors under section 230232 of the Companies Act 2013 and other applicable provisions of the Companies Act 2013 the Scheme. The Scheme inter alia provides for the demerger of Fulfilment Business and Last Mile Delivery Business Undertakings as defined in the Scheme of VEPL into the Company. Pursuant to the Scheme no consideration shall be discharged by FSC since VEPL is a wholly owned subsidiary of the company.On 27 July 2018 Future Supply Chain Solutions announced that it has signed new clients for its contract logistics business. This includes Haldirams Products Private Limited a reputed Indian snacks brand Crompton Greaves Consumer Electricals Limited an established brand for appliances Myntra Designs Private Limited a wellknown ecommerce platform www.myntra.com and many more. The annualised billing from these newly added accounts is expected to be over Rs 50 crore.On 14 September 2018 Future Supply Chain Solutions Limited FSC announced the signing of an agreement with Voltbek Home Appliances Private Limited Voltbek. Voltbek is a an equal partnership joint venture between Voltas Limited Indias No. 1 AC Brand and Arcelik a leading player in home appliances industry and part of the Koc Group Turkeys largest industrial and services conglomerate. Appointed as its logistics partner FSC will design and manage a panIndia supply chain strategy for their complete range of consumer electronic products under the brand name Voltas Beko including refrigerators washing machines microwaves and dishwashers. FSC will act as an endtoend logistics service provider to Voltbek and will cater to the entire warehousing and transportation needs with an aim to improve lead time while optimizing supply chain costs.
OrganisationFuture Supply Chain Solutions Ltd
HeadquartersMumbai
IndustryLogistics