Future Enterprises Limited (FELDVR.NS)
Future Enterprises Limited operates in the Department Stores industry of the Consumer Cyclical sector, headquartered in Mumbai, MA, IN. The stock last traded at $2.36, up 4.89% on the session, giving a market capitalisation of $292.4M. Its beta of 0.43 implies it has historically moved less than the broad market.
Based in Mumbai, India, Future Enterprises Limited (FEL), established in 1987, is a multifaceted corporation engaged in various commercial activities. The company primarily focuses on the production and sale of ready-to-wear garments across India. Its operations are organized into three main divisions: Manufacturing and Trading, Leasing and Other Services, and Logistics. FEL's robust logistics segment offers a comprehensive suite of services, including express delivery, cold chain management, e-commerce logistics, and extensive warehousing solutions. These services cater to a diverse clientele spanning industries such as food and beverages, lifestyle, consumer electronics, high-tech, automotive, engineering, home and furniture, healthcare, general merchandise, and the e-commerce sector. Beyond its logistics offerings, FEL actively develops, owns, and leases vital retail infrastructure. The company also operates in the wholesale trade of fast-moving consumer goods (FMCG) and is involved in the broader commerce of acquiring, distributing, importing, exporting, and dealing in a wide array of goods and services. Furthermore, FEL manages the online retail platform www.futurebazaar.com, provides support for the operation and maintenance of IT-enabled systems, and delivers specialized logistics and delivery solutions to various general retailers. The company was formerly known as Future Retail Limited before officially changing its name to Future Enterprises Limited in May 2016.
Future Enterprises Limited is most often compared with the following Consumer Cyclical names: