Fonebox Retail Q2 FY25 Share Price & Earnings Call Analysis
- Market cap
- ₹133 Cr
- P/E
- 19.62
- ROE
- 17.94%
- PEG
- 0.31
- Price to sales
- 0.25
- Debt to equity
- 0.00
- 52W high / low
- ₹176 / ₹57.0
- Sales growth (5Y)
- 252.01%
- EBITDA margin
- 3.44%
- Net profit margin
- 1.27%
- Promoter holding
- 71.89%
- Sales (last year)
- ₹535 Cr
Incorporated in 2021, Fonebox Retail Ltd is in the business of multi-brand retail selling of Smart Phones, allied accessories and consumer durable electronics goods.[1]
Guidance scorecard · Q2 FY25 call
What Fonebox Retail Ltd's management guided
and where it ranks in Retailing
RevenueQ2 FY25 call
10–20%- Company projects revenue to grow to around ₹400 crore in FY 2025 (excluding tax), approximately ₹464-470 crore including tax.
- For FY 2026, revenue target is around ₹700-778 crore with PAT target of at least ₹8 crore.
- Industry expected to grow at 7.2% CAGR till 2029; company aims to outperform with 8-10% growth year-on-year by gaining market share from small retail stores to branded retail stores.
- Focus on increasing same-store sales revenue and profitability rather than merely expanding store count.
- Expansion primarily focused on Maharashtra after consolidating Gujarat presence, with plans to enter Madhya Pradesh and Rajasthan subsequently.
- Sales growth driven by a mix of company-owned (COCO) and franchisee-operated (FOCO) stores in a targeted 30%-70% ratio, with revenue split aiming 50-50 between both models.
2 more points from Fonebox Retail Ltd's call on revenue
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MarginsQ2 FY25 call
Up 0–2%See what Fonebox Retail Ltd said on margins — free account, 30 seconds.
CapexQ2 FY25 call
Planned- Fonebox Retail Limited is focusing on geographic expansion primarily in Maharashtra and Gujarat for the near future, with plans to open new stores mainly in these regions.
- The company plans to open about 10 new stores in the coming year, with a split of 3 company-owned (COCO) and 7 franchisee-owned (FOCO) stores.
- Expansion involves new store locations only; they do not acquire existing stores to convert into their brand.
- Emphasis will be on opening new stores with new investments, which brings "new seriousness" and proper renovation per the Fonebox standards.
2 more points from Fonebox Retail Ltd's call on capex
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FundraisingQ2 FY25 call
See what Fonebox Retail Ltd said on fundraising — free account, 30 seconds.
Order bookQ2 FY25 call
- Focus on increasing revenue from existing stores rather than aggressively increasing store count.
- Automated inventory and purchase order management systems implemented to optimize stock and streamline operations.
- Expansion primarily in Maharashtra (outside Mumbai) and Gujarat, with plans to open around 100 stores in Maharashtra.
- New store openings only if they show good profit potential; no fixed target for store count expansion.
- Brand partnerships with about 70-80 brands working with the company.
- Discussions ongoing with quick commerce platforms to list products and expand reach.
2 more points from Fonebox Retail Ltd's call on the order book
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Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.
Potential multibaggers · Q2 FY27
Potential multibaggers in Retailing
on management's own guidance
- Strong growth2
- Strong growth1
- Entero Healthcare Solutions LtdGood growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Peers
Retailing companies ranked on guidance
| # | Company | Revenue guided | Margin guided | Market cap | P/E |
|---|---|---|---|---|---|
| 1 | 40%+ | Flat | ₹6,264 Cr | 38.2 | |
| 2 | 40%+ | Flat | ₹6,053 Cr | 53.9 | |
| 3 | Entero Healthcare Solutions Ltd | 20–40% | Up 0–2% | ₹6,899 Cr | 53.5 |
| 4 | 20–40% | Up 0–2% | ₹790 Cr | 19.0 | |
| 5 | 20–40% | Flat | ₹3.14L Cr | 725.0 | |
| 6 | 20–40% | Flat | ₹1.12L Cr | 170.8 |
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Pro shows every company guiding 40%+ revenue growth →Full Retailing rankingFinancials of Fonebox Retail Ltd
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Fonebox Retail Ltd
Quarterly Results
Quarter-by-quarter operating performance
Financials of Fonebox Retail Ltd
Profit & Loss
Annual income statement trend
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|
| Sales + | 1 | 91 | 196 | 298 | 343 | 402 |
| Expenses + | 1 | 89 | 190 | 288 | 330 | 393 |
| Operating Profit | -0 | 2 | 6 | 10 | 12 | 8 |
| OPM % | -18% | 2% | 3% | 3% | 4% | 2% |
| Other Income + | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest | 0 | 1 | 3 | 4 | 5 | 0 |
| Depreciation | 0 | 0 | 1 | 1 | 1 | 1 |
| Profit before tax | -0 | 0 | 2 | 5 | 6 | 7 |
| Tax % | 4% | 30% | 27% | 28% | 28% | |
| Net Profit + | -0 | 0 | 2 | 3 | 5 | 5 |
| EPS in Rs | -16.00 | 2.60 | 32.00 | 3.34 | 4.43 | 4.98 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% |
Financials of Fonebox Retail Ltd
Balance Sheet
Capital structure and asset base
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|
| Equity Capital | 2 | 0.50 | 0.50 | 10 | 10 | 10 |
| Reserves | -0 | 0 | 2 | 20 | 24 | 27 |
| Borrowings + | 0 | 6 | 11 | 0 | 3 | 6 |
| Other Liabilities + | 6 | 16 | 30 | 31 | 47 | 73 |
| Total Liabilities | 7 | 22 | 43 | 61 | 85 | 116 |
| Fixed Assets + | 0 | 4 | 5 | 4 | 4 | 4 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets + | 7 | 18 | 38 | 57 | 81 | 112 |
| Total Assets | 7 | 22 | 43 | 61 | 85 | 116 |
Financials of Fonebox Retail Ltd
Cash Flows
Operating, investing and financing cash movement
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| Cash from Operating Activity + | 0 | -1 | -2 | -0 | 6 |
| Cash from Investing Activity + | -0 | -5 | -1 | -0 | -1 |
| Cash from Financing Activity + | 0 | 6 | 4 | 13 | 3 |
| Net Cash Flow | 0 | 0 | 0 | 13 | 8 |
| Free Cash Flow | 0 | -6 | -3 | -1 | 6 |
| CFO/OP | -39% | -76% | -24% | 13% | 65% |
Financials of Fonebox Retail Ltd
Ratios
Working capital efficiency and return ratios
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| Debtor Days | 0 | 9 | 6 | 2 | 3 |
| Inventory Days | 607 | 46 | 47 | 40 | 46 |
| Days Payable | 1,306 | 53 | 36 | 14 | 16 |
| Cash Conversion Cycle | -699 | 3 | 17 | 28 | 32 |
| Working Capital Days | -557 | -4 | 14 | 36 | 39 |
| ROCE % | 35% | 57% | 41% | 34% |
Continue your research
What Fonebox Retail Ltd's management said in earlier quarters
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