---
title: "Future Supply Chain Solutions Ltd (FSC) — Share Price, Financials & Analysis"
symbol: "FSC"
company: "Future Supply Chain Solutions Ltd"
canonical: "https://tapetide.com/stocks/FSC"
isin: "INE935Q01015"
nse_symbol: "FSC"
bse_code: "540798"
sector: "Services"
industry: "Transport Services"
generated_at: "2026-09-13T21:35:31.326Z"
---

# Future Supply Chain Solutions Ltd (FSC)

Canonical page: https://tapetide.com/stocks/FSC

## Company

- **NSE Symbol:** FSC
- **BSE Code:** 540798
- **ISIN:** INE935Q01015
- **Sector:** Services
- **Industry:** Transport Services
- **Macro Sector:** Services
- **Stock Type:** EQUITY
- **Listed Since:** 2017-12-18
- **CEO:** Divyansh Rathore
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** futuresupplychains.com

## About

Incorporated in 1986, Future Supply Chain 
Solutions Ltd is in the business of providing 
logistics services.[1]

## Latest Price

- **Price:** ₹2.75
- **Change:** 0 (0%)
- **Open:** ₹2.75
- **Day High:** ₹2.75
- **Day Low:** ₹2.75
- **Previous Close:** ₹2.75
- **Volume:** 0
- **As Of:** 2025-10-27T09:45:05+00:00

## Key Insights

### Strengths

- Company has reduced debt.
- Debtor days have improved from 317 to 115 days.

### Weaknesses

- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of 1.64% over past five years.
- Company has a low return on equity of -11.3% over last 3 years.

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| net income growth | 92% | — | — |
| revenue growth | 9% | -18% | 2% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Sep 2019 | Dec 2019 | Mar 2020 | Jun 2020 | Sep 2020 | Dec 2020 | Mar 2021 | Jun 2021 | Sep 2021 | Dec 2021 | Mar 2022 | Jun 2022 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 312 | 283 | 246 | 95 | 105 | 116 | 150 | 129 | 163 | 183 | 134 | 67 |
| Expenses | 248 | 217 | 180 | 92 | 110 | 108 | 111 | 113 | 140 | 139 | 102 | 78 |
| Operating Profit | 64 | 66 | 66 | 3 | -5 | 8 | 39 | 16 | 24 | 43 | 32 | -11 |
| OPM % | 20 | 23 | 27 | 3.6 | -4.6 | 6 | 26 | 12 | 14 | 24 | 24 | -17 |
| Other Income | 1 | -44 | -30 | 10 | 2 | 16 | 5 | 7 | 7 | 11 | -622 | 11 |
| Interest | 16 | 24 | 25 | 25 | 25 | 25 | 24 | 23 | 20 | 21 | 15 | 15 |
| Depreciation | 41 | 41 | 45 | 44 | 41 | 40 | 40 | 42 | 38 | 38 | 19 | 14 |
| Profit before tax | 9 | -42 | -34 | -55 | -69 | -41 | -19 | -43 | -27 | -4 | -624 | -30 |
| Tax % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Profit | 9 | -42 | -34 | -55 | -69 | -41 | -19 | -43 | -27 | -4 | -624 | -30 |
| EPS in Rs | 2.2 | -9.61 | -7.72 | -12.63 | -15.67 | -9.41 | -4.31 | -9.71 | -6.1 | -0.98 | -142.24 | -6.84 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | TTM |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 408 | 520 | 561 | 832 | 1113 | 1141 | 466 | 609 | 547 |
| Expenses | 344 | 450 | 487 | 758 | 995 | 885 | 413 | 495 | 460 |
| Operating Profit | 64 | 70 | 74 | 74 | 117 | 256 | 54 | 114 | 87 |
| OPM % | 16 | 13 | 13 | 9 | 11 | 22 | 12 | 19 | 16 |
| Other Income | 2 | 9 | 16 | 11 | 6 | -73 | 25 | -596 | -593 |
| Interest | 10 | 13 | 13 | 9 | 16 | 81 | 98 | 79 | 71 |
| Depreciation | 20 | 21 | 19 | 46 | 42 | 166 | 165 | 137 | 109 |
| Profit before tax | 37 | 45 | 58 | 31 | 65 | -64 | -184 | -698 | -685 |
| Tax % | 33 | 34 | 21 | 0 | 0 | 0 | 0 | 0 | — |
| Net Profit | 25 | 29 | 46 | 31 | 65 | -64 | -184 | -698 | -685 |
| EPS in Rs | 6.3 | 7.52 | 11.69 | 7.64 | 16.26 | -14.56 | -42.01 | -159.04 | -156.16 |
| Dividend Payout % | 0 | 0 | 0 | 13 | 8 | 0 | 0 | 0 | — |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 39 | 39 | 39 | 40 | 40 | 44 | 44 | 44 |
| Reserves | 179 | 208 | 254 | 495 | 560 | 699 | 514 | -184 |
| Borrowings | 63 | 80 | 81 | 33 | 218 | 916 | 812 | 543 |
| Other Liabilities | 107 | 156 | 136 | 257 | 366 | 390 | 416 | 362 |
| Total Liabilities | 387 | 484 | 510 | 824 | 1184 | 2049 | 1786 | 764 |
| Fixed Assets | 130 | 138 | 130 | 317 | 412 | 834 | 698 | 412 |
| CWIP | 21 | 2 | 70 | 3 | 55 | 6 | 0 | 0 |
| Investments | 0 | 0 | 0 | 63 | 63 | 0 | 0 | 0 |
| Other Assets | 237 | 343 | 310 | 441 | 653 | 1210 | 1088 | 353 |
| Total Assets | 387 | 484 | 510 | 824 | 1184 | 2049 | 1786 | 764 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 44 | -15 | 91 | 80 | 66 | -192 | 207 | 145 |
| Cash from Investing Activity | -18 | -3 | -62 | -125 | -183 | -331 | 0 | 15 |
| Cash from Financing Activity | -26 | 17 | 16 | 73 | 163 | 408 | -208 | -160 |
| Net Cash Flow | 0 | -1 | 45 | 27 | 46 | -116 | 0 | 0 |
| Free Cash Flow | 24 | -26 | 14 | 1 | -112 | -316 | 201 | 134 |
| CFO/OP | 76 | -4 | 140 | 131 | 62 | -63 | 286 | 137 |

### Ratios

| Item | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 163 | 155 | 143 | 114 | 115 | 261 | 576 | 115 |
| Inventory Days | — | — | 0 | — | — | — | — | — |
| Cash Conversion Cycle | 163 | 155 | 143 | 114 | 115 | 261 | 576 | 115 |
| Working Capital Days | 61 | 92 | 72 | 12 | 12 | 114 | 331 | -194 |
| ROCE % | — | 19 | 20 | 8 | 12 | 9 | -5 | 6 |

## Shareholding Pattern

### annual

| Category | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Jun 2022 |
| --- | --- | --- | --- | --- | --- | --- |
| Promoters | 52.47% | 52.43% | 47.89% | 23.09% | 22.62% | 21.95% |
| FIIs | 5.71% | 4.61% | 3.09% | 0% | 0% | 0% |
| DIIs | 18.34% | 18.51% | 15.33% | 0.06% | 0.06% | 0.06% |
| Public | 23.48% | 24.45% | 33.69% | 76.85% | 77.32% | 77.99% |
| No. of Shareholders | 39664 | 31362 | 28292 | 50799 | 49777 | 49177 |

### Quarterly

| Category | Sep 2019 | Dec 2019 | Mar 2020 | Jun 2020 | Sep 2020 | Dec 2020 | Mar 2021 | Jun 2021 | Sep 2021 | Dec 2021 | Mar 2022 | Jun 2022 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 52.42% | 47.89% | 47.89% | 47.89% | 23.39% | 23.39% | 23.09% | 23.09% | 23.09% | 23.09% | 22.62% | 21.95% |
| FIIs | 4.73% | 3.1% | 3.09% | 3.09% | 0.02% | 0.02% | 0% | 0% | 0.01% | 0% | 0% | 0% |
| DIIs | 17.66% | 15.98% | 15.33% | 13.01% | 0.82% | 0.05% | 0.06% | 0.06% | 0.05% | 0.06% | 0.06% | 0.06% |
| Public | 25.19% | 33.03% | 33.69% | 36.01% | 75.77% | 76.53% | 76.85% | 76.85% | 76.85% | 76.85% | 77.32% | 77.99% |
| No. of Shareholders | 29817 | 28566 | 28292 | 31733 | 54607 | 53005 | 50799 | 50127 | 48673 | 48916 | 49777 | 49177 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Strong Sell
- **Buy / Neutral / Sell:** 4 / 5 / 10

### Moving Averages — summary: **Strong Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 7.88 | Sell |
| EMA (10) | 7.86 | Sell |
| SMA (20) | 8.19 | Sell |
| EMA (20) | 8.24 | Sell |
| SMA (50) | 9.66 | Sell |
| EMA (50) | 8.7 | Sell |
| SMA (100) | 7.79 | Sell |
| EMA (100) | 7.81 | Sell |
| SMA (200) | 5.07 | Buy |
| EMA (200) | 6.13 | Buy |

### Oscillators — summary: **Neutral**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 38.18 | Neutral |
| MACD (12,26,9) | -0.52 | Sell |
| Stochastic (14,3,3) | 18.26 | Buy |
| ADX (14) | 17.58 | Neutral |
| Williams %R (14) | -89.4 | Buy |
| ATR (14) | 0.96 | High Volatility |
| ROC (12) | -9.32 | Sell |
| Stoch RSI (14) | 53.62 | Neutral |
| UO (7,14,28) | 33.9 | Neutral |

## Filings & Documents

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2025-12-29 | [Future Supply Chain Solutions Limited Has Informed The Exchange About The Specific Features And Details Of The Resolution Plan Approved By The Honble NCLT - Corporate Insolvency Resolution Process](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=d7b744f3-728e-469b-8416-f285445446c6.pdf) |
| 2025-10-27 | [Corporate Insolvency Resolution Process (CIRP)-Approval of Resolution plan by Tribunal](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=51b39e54-e2d9-4267-9563-fa61ae86e5f8.pdf) |
| 2024-10-25 | [Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=FA0A8B56_E004_412E_92C3_59A053E86D20_135352.pdf) |
| 2024-10-15 | [Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=E8659BC8_60BF_415C_A213_D30BF09A030C_173554.pdf) |
| 2024-10-11 | [Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=500F7C3E_B4FD_4525_B7A1_B68E6FE013E8_110129.pdf) |
| 2024-10-07 | [Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=6BFD6841_8FF3_4ED1_B2A1_9B89C1EAA725_170848.pdf) |
| 2024-10-01 | [Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=9D68980C_B2B2_4654_99E9_8BF17B206981_170136.pdf) |
| 2024-09-27 | [Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=14BE0B36_DC25_4A46_86F6_F51BD3A823DE_110127.pdf) |
| 2024-09-23 | [Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=5897FA11_A1E5_4D3E_AE6C_863CE0842ED7_182421.pdf) |
| 2024-09-13 | [Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=C4FE8D57_3423_4BDA_B817_8ED3B5BA43E9_150042.pdf) |

### Other Documents

| Date | Document |
| --- | --- |
| 29 Dec 2025 - NCLT approved Reliance Retail takeover; existing equity cancelled, Reliance to infuse resolution amount and delist, acquiring 100%. | [Future Supply Chain Solutions Limited Has informed About The Specific Features And Details Of The Resolution Plan Approved By The Hon''ble NCLT - Corporate Insolvency Resolution Process 29 Dec 2025 - NCLT approved Reliance Retail takeover; existing equity cancelled, Reliance to infuse resolution amount and delist, acquiring 100%.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/d7b744f3-728e-469b-8416-f285445446c6.pdf) |
| 27 Oct 2025 - NCLT hearing (13-Oct-2025) seeks approval of Reliance Retail's Rs171.39 crore resolution plan for Future Supply Chain. | [Corporate Insolvency Resolution Process (CIRP)-Approval of Resolution plan by Tribunal 27 Oct 2025 - NCLT hearing (13-Oct-2025) seeks approval of Reliance Retail's Rs171.39 crore resolution plan for Future Supply Chain.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/51b39e54-e2d9-4267-9563-fa61ae86e5f8.pdf) |
| — | [Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011 25 Oct 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/FA0A8B56_E004_412E_92C3_59A053E86D20_135352.pdf) |
| — | [Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011 15 Oct 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/E8659BC8_60BF_415C_A213_D30BF09A030C_173554.pdf) |
| — | [Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011 11 Oct 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/500F7C3E_B4FD_4525_B7A1_B68E6FE013E8_110129.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from bse | [Annual Report 2021 from bse](https://www.bseindia.com/bseplus/AnnualReport/540798/70411540798.pdf) |
| from bse | [Annual Report 2020 from bse](https://www.bseindia.com/bseplus/AnnualReport/540798/67813540798.pdf) |
| from bse | [Annual Report 2019 from bse](https://www.bseindia.com/bseplus/AnnualReport/540798/5407980319.pdf) |
| from bse | [Annual Report 2018 from bse](https://www.bseindia.com/bseplus/AnnualReport/540798/5407980318.pdf) |
| from bse | [Annual Report 2017 from bse](https://www.bseindia.com/HIS_ANN_RPT/HISTANNR/2017/FUTURE_SUPPLY_CHAIN_SOLUTIONS_LTD-540798-MARCH-2017.PDF) |
| from bse | [Annual Report 2016 from bse](https://www.bseindia.com/HIS_ANN_RPT/HISTANNR/2016/FUTURE_SUPPLY_CHAIN_SOLUTIONS_LTD-540798-MARCH-2016.PDF) |
| from bse | [Annual Report 2015 from bse](https://www.bseindia.com/HIS_ANN_RPT/HISTANNR/2015/FUTURE_SUPPLY_CHAIN_SOLUTIONS_LTD-540798-MARCH-2015.PDF) |
| from bse | [Annual Report 2014 from bse](https://www.bseindia.com/HIS_ANN_RPT/HISTANNR/2014/FUTURE_SUPPLY_CHAIN_SOLUTIONS_LTD-540798-MARCH-2014.PDF) |
| from bse | [Annual Report 2013 from bse](https://www.bseindia.com/HIS_ANN_RPT/HISTANNR/2013/FUTURE_SUPPLY_CHAIN_SOLUTIONS_LTD-540798-MARCH-2013.PDF) |
| from bse | [Annual Report 2011 from bse](https://www.bseindia.com/HIS_ANN_RPT/HISTANNR/2011/FUTURE_SUPPLY_CHAIN_SOLUTIONS_LTD-540798-MARCH-2011.PDF) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Nov 2019 | [Concall - Nov 2019](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=90c5eab7-6589-4996-bbfb-dac9d7cc99f2.pdf) |
| Nov 2019 | [Concall - Nov 2019](https://www.bseindia.com/xml-data/corpfiling/AttachHis/90c5eab7-6589-4996-bbfb-dac9d7cc99f2.pdf) |
| Nov 2018 | [Concall - Nov 2018](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=4997c58d-dc61-4371-a9de-19eeae48cc63.pdf) |
| Nov 2018 | [Concall - Nov 2018](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2018/11/4997c58d-dc61-4371-a9de-19eeae48cc63.pdf) |
| May 2019 | [Concall - May 2019](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=e484de3b-0d40-4b55-a81e-b53c0a72d717.pdf) |
| May 2019 | [Concall - May 2019](https://www.bseindia.com/xml-data/corpfiling/AttachHis/e484de3b-0d40-4b55-a81e-b53c0a72d717.pdf) |
| Jul 2020 | [Concall - Jul 2020](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=39abcb39-b35c-4e81-b70a-cee23bbd0ffe.pdf) |
| Jul 2020 | [Concall - Jul 2020](https://www.bseindia.com/xml-data/corpfiling/AttachHis/39abcb39-b35c-4e81-b70a-cee23bbd0ffe.pdf) |
| Jul 2019 | [Concall - Jul 2019](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=b849d4f4-8c1c-48e1-90b2-a126cc455980.pdf) |
| Jul 2019 | [Concall - Jul 2019](https://www.bseindia.com/xml-data/corpfiling/AttachHis/b849d4f4-8c1c-48e1-90b2-a126cc455980.pdf) |

---

Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T21:35:31.326Z.