Devyani International Ltd
Devyani International Limited (DIL) is the largest franchisee of Yum Brands in India and is among the largest operators of chain
quick service restaurants (QSR) in India. In addition, DIL is a franchisee for the Costa Coffee brand and stores in India.[1]
- Market Cap ₹ 19,436 Cr.
- Current Price ₹ 161
- High / Low ₹ 228 / 142
- Stock P/E 129
- Book Value ₹ 9.73
- Dividend Yield 0.00 %
- ROCE 15.5 %
- ROE 24.1 %
- Face Value ₹ 1.00
Pros
- Company has delivered good profit growth of 35.3% CAGR over last 5 years
Cons
- Stock is trading at 16.6 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has low interest coverage ratio.
- Tax rate seems low
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Sector: Quick Service Restaurant Industry: Hotels
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
---|---|---|---|---|---|---|---|---|
807 | 881 | 1,071 | 1,228 | 999 | 1,853 | 2,668 | 3,032 | |
819 | 776 | 1,031 | 1,021 | 836 | 1,462 | 2,123 | 2,466 | |
Operating Profit | -11 | 104 | 40 | 207 | 163 | 391 | 545 | 566 |
OPM % | -1% | 12% | 4% | 17% | 16% | 21% | 20% | 19% |
11 | 17 | 9 | -47 | 91 | 14 | 32 | 32 | |
Interest | 16 | 19 | 30 | 120 | 128 | 107 | 125 | 155 |
Depreciation | 56 | 48 | 56 | 175 | 191 | 185 | 239 | 314 |
Profit before tax | -73 | 55 | -38 | -135 | -65 | 112 | 214 | 129 |
Tax % | 0% | 0% | 0% | 0% | 0% | -37% | -15% | |
-73 | 55 | -38 | -135 | -65 | 153 | 246 | 151 | |
EPS in Rs | -6.84 | 5.15 | -3.57 | -12.72 | -0.57 | 1.27 | 2.04 | 1.25 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 25% |
3 Years: | 30% |
TTM: | 17% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 35% |
3 Years: | 57% |
TTM: | -46% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
1 Year: | -8% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | 6% |
3 Years: | 17% |
Last Year: | 24% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
---|---|---|---|---|---|---|---|---|
Equity Capital | 106 | 106 | 106 | 106 | 115 | 120 | 120 | 121 |
Reserves | 149 | 203 | 165 | -90 | 184 | 773 | 1,032 | 1,053 |
190 | 252 | 322 | 437 | 1,081 | 1,007 | 1,312 | 1,651 | |
121 | 139 | 218 | 1,067 | 218 | 268 | 396 | 279 | |
Total Liabilities | 567 | 701 | 811 | 1,519 | 1,597 | 2,168 | 2,860 | 3,104 |
278 | 335 | 399 | 1,129 | 1,209 | 1,552 | 2,204 | 2,457 | |
CWIP | 6 | 3 | 5 | 6 | 7 | 1 | 7 | 7 |
Investments | 122 | 158 | 133 | 98 | 88 | 110 | 111 | 87 |
162 | 204 | 273 | 285 | 294 | 505 | 538 | 553 | |
Total Assets | 567 | 701 | 811 | 1,519 | 1,597 | 2,168 | 2,860 | 3,104 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|
54 | 105 | 75 | 241 | 158 | 385 | 554 | |
-65 | -156 | -184 | -116 | -302 | -363 | -302 | |
1 | 43 | 105 | -139 | 170 | -10 | -243 | |
Net Cash Flow | -11 | -8 | -4 | -14 | 26 | 12 | 9 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|
Debtor Days | 11 | 12 | 15 | 10 | 14 | 6 | 4 |
Inventory Days | 38 | 36 | 41 | 50 | 65 | 50 | 52 |
Days Payable | 101 | 111 | 109 | 121 | 154 | 107 | 92 |
Cash Conversion Cycle | -52 | -64 | -54 | -61 | -75 | -51 | -36 |
Working Capital Days | -13 | -20 | -32 | -78 | -24 | 3 | -23 |
ROCE % | 14% | -1% | 11% | 2% | 14% | 16% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Change in Management
2d - Change in Senior Management Personnel of the Company
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
6 May - The Company will host a conference call with Investors and Analysts on Tuesday, May 14, 2024 at 02:30 P.M. (IST). Details of the conference call …
- Board Meeting Intimation for Consideration And Approval Of The Audited Financial Results Of The Company, Both On Standalone And Consolidated Basis, For The Quarter And Financial Year Ended March 31, 2024 6 May
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Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS
24 Apr - Allotment of Equity Shares under the Employees Stock Option Scheme of Devyani International Limited
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Announcement under Regulation 30 (LODR)-Change in Directorate
20 Apr - Upon completion of first term at the close of business hours today i.e. April 20, 2024, Dr. Naresh Trehan (DIN: 00012148) ceased to be an …
Annual reports
Concalls
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Feb 2024Transcript PPT REC
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Dec 2023TranscriptNotesPPT
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Nov 2023Transcript PPT
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Aug 2023Transcript PPT
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May 2023Transcript PPT
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Feb 2023Transcript PPT
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Nov 2022Transcript PPT
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Aug 2022Transcript PPT
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May 2022Transcript PPT
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Feb 2022Transcript PPT
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Feb 2022TranscriptNotesPPT
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Nov 2021TranscriptNotesPPT
Part of RJ Corporation [1]
Devyani International Ltd is part of RJ Corporation started by Ravi Kant Jaipuria in 1991. RJ Corp is a powerhouse multinational with thriving businesses in beverages(Varun Beverages) fast-food restaurants(KFC, Pizza Hut, Costa Coffee) retail, ice-cream, Livestock (Cream bell, Daima) healthcare (Medanta Afri care) and education with a presence across 26 Nations through its subsidiaries.