The project is meant to redefine India's complex food and fast moving consumer goods (FMCG) supply chain.
In the first half of this fiscal year, FSCS has added Haldirams, Crompton Greaves and Voltbek Home Appliances (JV between Voltas and Turkey-based Arçelik) and JK Helene Curtis (Raymond Group Company) to its list of clientele.
Total income during the quarter under review stood at Rs 277 crore, up 30.04 percent as against Rs 213.01 crore in the same period of the previous fiscal, the company said in a BSE filing.
"The board of directors considered, approved issuance of secured redeemable non-convertible debentures for an amount aggregating to Rs 199 crore on private placement basis," the company said in a BSE filing.
Both these companies trade at rich valuations given the high growth prospects in light of sector opportunities: GST, e-way bill and axle norms
The standalone revenue from operations of the company stood at Rs 227.9 crore for the quarter under consideration. It was Rs 152 crore in the corresponding period of the previous fiscal.
Future Supply Chain Solutions has reported a sales total income from operations of Rs 227.91 crore and a net profit of Rs 17.95 crore for the quarter ended Jun-2018
"We expect the company to deliver earnings at a CAGR of over 30 percent in next 2 years," says Akash Jain, Vice-president, Equity Research at Ajcon Global Services.
Edelweiss is bullish on Future Supply Chain Solutions has recommended buy rating on the stock with a target price of Rs 862 in its research report dated April 17, 2018.
Future Group Founder and Chairman Kishore Biyani said in a statement that through Vulcan, the company plans to boost its last mile capabilities and also offer state-of-the-art solutions to its e-commerce and retail clients.
The public issue of the logistics arm of Future Group was subscribed 7.56 times during December 6-8, 2017.
HEM Securities has come out with its report on Future supply chain solutions IPO , The research firm has recommended to “ Subscribe ” the IPO in its research report as on December 06, 2017.
Future Enterprises holds 57.42 percent stake in the company and Griffin India Partners 40 percent as of March 2017.
"Future Retail has executed a binding term sheet for sale of 14 percent stake (including approximately 1.25 percent holding of management team) of Future Supply Chain Solutions (FSCSL), a subsidiary of the company to SSG Capital Management Group," says the leading retailer in its filing.
Future Supply Chain Solutions is a logistics company in which Future Retail holds 70.17 percent stake.
Kishor Biyani rules the world of front-end retail. CNBC-TV18's Tanvi Shukla and Vidhi Godiawala report on how Biyani is now looking to lord it over the supply chain part of the business.