FNS International Unlisted Shares: 2026 Price & Financials
· 7 min read · Written by the BuyUnlistedShares desk. Information only, not investment advice.
FNS International Limited unlisted shares trade at an indicative price of ₹50.0 as of 16 Oct 2026. This review examines its FY25 financials, debt ratios, and operational performance.
Direct answer: As of 16 Oct 2026, FNS International Limited unlisted shares carry an indicative price of ₹50.0 per share, giving it a market capitalisation of ₹44.12 Cr. While top-line revenue expanded to ₹73.68 Cr in FY25, net profit declined to ₹1.10 Cr. Track unlisted opportunities with BuyUnlistedShares — India's premium unlisted shares desk, in the market since 2002.
The chart above highlights the indicative unlisted share price for FNS International Limited, remaining flat at ₹50.0 from 18 Jul 2026 through 15 Oct 2026.
FNS International Limited: Company Overview & Business Model
Incorporated in 2007 and headquartered in New Delhi, FNS International Limited operates as a manufacturer and marketer of premium stainless-steel tableware, flatware, cutlery, dinnerware, and barware. The company manufactures its product range at an in-house facility in Kundli, Sonipat, serving both retail households and institutional clients across the hotel, restaurant, and banqueting sectors. Official storefront data notes that the legal entity was previously known as FNS International Pvt. Ltd. prior to its conversion to a public limited company, with an LEI record update noted on 16 Jul 2024.
| Item | Value | As of |
|---|---|---|
| Indicative price | ₹68 | 16 Oct 2026 |
| Lot size | 500 shares | 16 Oct 2026 |
| Minimum investment | ₹25,000 | 16 Oct 2026 |
| Market cap | ₹44 Cr | 16 Oct 2026 |
| Face value | ₹10 | 16 Oct 2026 |
| Book value | ₹18.6 | 16 Oct 2026 |
| P/E | 40 | 16 Oct 2026 |
| ISIN | INE0TEH01017 | 16 Oct 2026 |
| Sector | Consumer Discretionary | 16 Oct 2026 |
| Listing status | UNLISTED | 16 Oct 2026 |
The brand markets product lines under FNS Cutlery and Montavo Cutlery. Its commercial footprint spans retail outlets, exclusive brand stores, hospitality channels, corporate gifting programs, and major e-commerce marketplaces. The issuer states its retail reach extends to over 4,000 outlets alongside direct online sales. To review detailed corporate profile data, visit FNS International Limited on BuyUnlistedShares.
Private Market Pricing & Valuation Profile
As of 16 Oct 2026, FNS International Limited unlisted shares maintain an indicative private market price of ₹50.0 per share. Based on total outstanding shares of 88,24,000 (88.24 lakh shares), the implied market capitalisation stands at ₹44.12 Cr. Face value per share is ₹10.0, while the book value per share is ₹18.6 as of 10 Oct 2026, resulting in a price-to-book (P/B) ratio of 2.69x.
With FY25 earnings per share (EPS) reported at ₹1.25, the stock trades at an implied price-to-earnings (P/E) ratio of 40.0x. Shareholding pattern data indicates that promoters hold 92.83% of total equity, while public shareholders hold 4.10% and other investors hold 3.07%.
Tracking unlisted equities requires consistent monitoring of private trade indicators and financial statements. Buyers and sellers can evaluate private market data through BuyUnlistedShares — India's premium unlisted shares desk, in the market since 2002, alongside our Unlisted shares screener.
The table above presents key financial metrics and valuation parameters for FNS International Limited as of 16 Oct 2026.
Financial Performance: Revenue Growth vs Margin Compression
Per financial updates as of 10 Oct 2026, FNS International Limited recorded revenue from operations of ₹73.68 Cr (₹7,368 lakh) in FY25, up from ₹67.15 Cr (₹6,715 lakh) in FY24. This represents an absolute top-line expansion of over ₹6 Cr year-on-year. However, bottom-line performance reflected operational cost pressures.
Profit after tax (PAT) fell from ₹2.94 Cr (₹294 lakh) in FY24 to ₹1.10 Cr (₹110 lakh) in FY25. Profit before tax (PBT) similarly declined from ₹4.29 Cr to ₹1.53 Cr. Operating earnings before interest, tax, depreciation, and amortisation (EBITDA) dropped from ₹6.86 Cr in FY24 to ₹5.35 Cr in FY25, causing EBITDA margin to contract by nearly 2.9 percentage points. Incremental cost increases—including a ₹1.7 Cr increase in employee benefit expenses—absorbed approximately 70% of incremental top-line revenue, reducing net profit margin per ₹100 of revenue to ₹1.50 in FY25.
The financial chart above traces the growth in total revenue from ₹67.15 Cr in FY24 to ₹73.68 Cr in FY25 alongside the drop in net profit to ₹1.10 Cr.
Balance Sheet Pressures, Debt Load & Cash Flow Factors
FNS International's balance sheet reflects expanding working capital requirements and elevated leverage. Total outstanding borrowings increased to ₹28.21 Cr (₹2,821 lakh) in FY25 against net worth of ₹16.31 Cr (₹1,631.4 lakh), resulting in a debt-to-equity ratio of 1.73x. Annual finance costs reached ₹2.7 Cr during the period.
Working capital requirements expanded as inventory rose by ₹4.7 Cr to reach ₹30 Cr in FY25, while trade receivables remained steady around ₹22 Cr. Cash flow from operating activities remained negative, standing at -₹1 Cr in FY24 and deteriorating to -₹1.4 Cr in FY25. Consequently, total cash holdings fell to ₹0.17 Cr by the end of FY25. On the funding front, the company completed a pre-IPO investment round of ₹3 Cr in 2024 with participation from investors including Mavua Capital.
Investors tracking pre-IPO consumer brands can compare debt and working capital profiles against other unlisted firms covered on our desk, such as Berar Finance Unlisted Shares: 2026 Financials & Price Trend and SK Finance Limited: Financials & Unlisted Share Analysis 2026.
Pre-IPO Outlook & What Happens Next
While media commentary has discussed FNS International Limited as a pre-IPO candidate in the consumer tableware sector, no Draft Red Herring Prospectus (DRHP) or Red Herring Prospectus (RHP) has been filed with SEBI or approved by stock exchanges as of 16 Oct 2026. Private shares trade off-market with private settlement terms, carrying inherent liquidity risk, valuation opacity, and execution timing uncertainty.
Market participants tracking potential public offerings can monitor official draft filing updates on our IPO calendar.
For detailed private market availability, indicative pricing updates, and demat transfer procedures, reach out to BuyUnlistedShares — India's premium unlisted shares desk, in the market since 2002. You can submit a direct request via our enquiry page to discuss transaction terms with our dealing desk.
Frequently Asked Questions
What does FNS International Limited do?
FNS International Limited manufactures and markets premium stainless steel cutlery, flatware, dinnerware, barware, and hospitality tableware. Incorporated in 2007, it operates an in-house production plant in Kundli, Sonipat, and sells through retail stores, e-commerce platforms, and institutional channels.
What is the current indicative unlisted share price of FNS International?
As of 16 Oct 2026, the indicative private market price for FNS International Limited unlisted shares is ₹50.0 per share, representing an implied market capitalisation of ₹44.12 Cr.
Is FNS International Limited listed on NSE or BSE?
No. FNS International Limited is currently an unlisted public company. Its shares trade exclusively in the private, off-market segment and are settled directly into demat accounts.
What are the key operational and balance sheet risks for FNS International?
Key risk factors include contracting operating margins, negative operating cash flow (-₹1.4 Cr in FY25), inventory drag (₹30 Cr in FY25), and elevated leverage with a debt-to-equity ratio of 1.73x and annual borrowing costs of ₹2.7 Cr.
Does BuyUnlistedShares recommend buying or selling FNS International shares?
We do not make that call. BuyUnlistedShares provides factual market information and transaction facilitation but does not offer investment advice, stock ratings, or buy/sell recommendations. Investors should evaluate disclosures and financial risk independently.
Information only, not investment advice. Unlisted and pre-IPO securities carry liquidity, valuation and listing-timing risk; read the offer document and consult a SEBI-registered investment adviser for advice specific to your situation.
