Speciality Restaurants Ltd
The company entered the restaurant business by setting up Only Fish in 1992, followed by Main Land China, in Mumbai in 1994. SRL is one of the largest fine-dining restaurant chains in India. The company launched its IPO in 2012.[1]
- Market Cap ₹ 889 Cr.
- Current Price ₹ 185
- High / Low ₹ 287 / 168
- Stock P/E 30.2
- Book Value ₹ 63.9
- Dividend Yield 1.35 %
- ROCE 11.4 %
- ROE 10.1 %
- Face Value ₹ 10.0
Pros
- Company has delivered good profit growth of 36.5% CAGR over last 5 years
Cons
- Stock is trading at 2.89 times its book value
- Tax rate seems low
- Working capital days have increased from 33.6 days to 140 days
* 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: Hotels & Restaurants Industry: Hotels
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|
312 | 297 | 346 | 358 | 150 | 253 | 375 | 405 | |
317 | 298 | 334 | 301 | 151 | 216 | 298 | 335 | |
Operating Profit | -5 | -1 | 12 | 57 | -1 | 37 | 77 | 70 |
OPM % | -2% | -0% | 4% | 16% | -1% | 15% | 20% | 17% |
9 | 6 | 9 | -17 | 20 | 13 | 33 | 22 | |
Interest | 0 | 0 | 0 | 21 | 16 | 15 | 14 | 15 |
Depreciation | 33 | 30 | 29 | 57 | 32 | 27 | 32 | 42 |
Profit before tax | -29 | -25 | -7 | -39 | -29 | 8 | 63 | 35 |
Tax % | 12% | -91% | -15% | 2% | -1% | 0% | -53% | 15% |
-26 | -47 | -8 | -38 | -29 | 8 | 97 | 30 | |
EPS in Rs | -5.43 | -9.96 | -1.66 | -8.09 | -6.25 | 1.74 | 20.61 | 6.11 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 12% | 16% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 3% |
3 Years: | 39% |
TTM: | 8% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 36% |
3 Years: | 42% |
TTM: | -64% |
Stock Price CAGR | |
---|---|
10 Years: | 3% |
5 Years: | 16% |
3 Years: | 67% |
1 Year: | -19% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | 7% |
3 Years: | 18% |
Last Year: | 10% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|
Equity Capital | 47 | 47 | 47 | 47 | 47 | 47 | 47 | 48 |
Reserves | 227 | 181 | 172 | 117 | 88 | 98 | 230 | 259 |
0 | 0 | 0 | 0 | 141 | 139 | 142 | 139 | |
58 | 63 | 65 | 185 | 56 | 53 | 55 | 60 | |
Total Liabilities | 332 | 291 | 284 | 349 | 332 | 337 | 473 | 506 |
115 | 101 | 82 | 156 | 151 | 136 | 156 | 173 | |
CWIP | 33 | 29 | 35 | 33 | 29 | 28 | 28 | 36 |
Investments | 69 | 67 | 68 | 69 | 73 | 103 | 170 | 170 |
115 | 94 | 99 | 91 | 79 | 69 | 120 | 128 | |
Total Assets | 332 | 291 | 284 | 349 | 332 | 337 | 473 | 506 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|
3 | 9 | 16 | 60 | 21 | 54 | 80 | ||
-5 | -7 | -10 | -15 | -5 | -34 | -71 | ||
-0 | -0 | -0 | -54 | -11 | -26 | -5 | ||
Net Cash Flow | -1 | 1 | 6 | -9 | 6 | -5 | 5 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|
Debtor Days | 6 | 8 | 6 | 2 | 8 | 7 | 6 | 7 |
Inventory Days | 26 | 27 | 22 | 24 | 47 | 25 | 22 | 23 |
Days Payable | 137 | 162 | 139 | 109 | 266 | 145 | 102 | 84 |
Cash Conversion Cycle | -105 | -127 | -111 | -83 | -212 | -112 | -74 | -54 |
Working Capital Days | -19 | -24 | -20 | -28 | -45 | -26 | -13 | 140 |
ROCE % | -9% | -4% | 2% | -8% | 8% | 18% |
Documents
Announcements
- Corporate Action-Board approves Dividend 7h
- Clarification Letter For The Outcome Of Board Meeting Dated May 14, 2024 8h
- Board Meeting Outcome for Outcome Of Board Meeting Held On May 14, 2024. 8h
- Outcome Of The Board Meeting Held On May 14, 2024. 8h
- Update On Intimation Dated May 12, 2024 Regarding Conference Call. 1d
Annual reports
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2013
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Financial Year 2012
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Financial Year 2012
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Concalls
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Jan 2024TranscriptNotesPPT
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Apr 2023TranscriptNotesPPT
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Sep 2017TranscriptPPT
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Jun 2017TranscriptPPT
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Feb 2017Transcript PPT
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Aug 2016TranscriptPPT
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Jun 2016Transcript PPT
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Feb 2016Transcript PPT
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Nov 2015TranscriptPPT
Brands
Company’s flagship brand, Mainland China, is one of the most recognised home-grown restaurant brands in India. It has remained one of the most favored and popular Chinese fine dining restaurant chains catering to the Indian taste buds.
In the confectionery business, sweet bengal is an established brand- With 30 outlets, it is the only chain serving authentic Bengali sweets and Bengali snacks in Mumbai and Pune.
The other brands, Asia Kitchen by Mainland China, Riyasat, Barishh, Episode One, Hoppipola, Oh! Calcutta, and Cafe Mezzuna have also a strong market position in the respective categories. [1]