Westlife Foodworld Ltd
Westlife Development Limited focuses
on establishing and operating McDonald’s restaurants across West and South India,
through its wholly owned subsidiary
Hardcastle Restaurants Pvt Ltd[1]
- Market Cap ₹ 7,288 Cr.
- Current Price ₹ 467
- High / Low ₹ 819 / 398
- Stock P/E 512
- Book Value ₹ 32.8
- Dividend Yield 0.16 %
- ROCE 2.80 %
- ROE 2.80 %
- Face Value ₹ 2.00
Pros
- Company is almost debt free.
- Company has delivered good profit growth of 107% CAGR over last 5 years
- Company has been maintaining a healthy dividend payout of 3,099%
Cons
- Stock is trading at 14.2 times its book value
- Company has a low return on equity of 4.95% over last 3 years.
- Working capital days have increased from 4,768 days to 12,057 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.
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 63 | 1 | 15 | |
| 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 1 | |
| Operating Profit | -0 | -0 | -0 | -1 | -0 | -0 | -0 | -0 | -1 | 60 | -1 | 14 |
| OPM % | -103% | -139% | -225% | -75% | -62% | -93% | -93% | -90% | 97% | -57% | 91% | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | -0 | -0 | -0 | -1 | -0 | -0 | -0 | -0 | -1 | 61 | -0 | 14 |
| Tax % | 225% | 137% | 0% | 0% | 9% | 0% | 0% | 0% | 0% | 3% | -334% | 0% |
| -0 | -0 | -0 | -1 | -0 | -0 | -0 | -0 | -1 | 59 | 1 | 14 | |
| EPS in Rs | -0.01 | -0.03 | -0.02 | -0.03 | -0.02 | -0.02 | -0.03 | -0.03 | -0.05 | 3.79 | 0.06 | 0.91 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | -7,271% | 91% | 1,314% | 7,891% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 48% |
| 5 Years: | 105% |
| 3 Years: | 190% |
| TTM: | 1384% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 42% |
| 5 Years: | 107% |
| 3 Years: | 177% |
| TTM: | 1499% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 8% |
| 5 Years: | 0% |
| 3 Years: | -14% |
| 1 Year: | -33% |
| Return on Equity | |
|---|---|
| 10 Years: | 1% |
| 5 Years: | 3% |
| 3 Years: | 5% |
| Last Year: | 3% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 31 | 31 | 31 | 31 | 31 | 31 | 31 | 31 | 31 | 31 | 31 | 31 |
| Reserves | 446 | 447 | 448 | 450 | 451 | 452 | 455 | 457 | 454 | 467 | 473 | 480 |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2 | 0 | 0 | 0 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | |
| Total Liabilities | 477 | 478 | 480 | 481 | 482 | 483 | 486 | 489 | 488 | 499 | 505 | 512 |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 62 | 62 | 475 | 475 | 476 | 477 | 479 | 481 | 482 | 490 | 497 | 501 |
| 415 | 416 | 5 | 6 | 5 | 6 | 7 | 7 | 6 | 9 | 8 | 10 | |
| Total Assets | 477 | 478 | 480 | 481 | 482 | 483 | 486 | 489 | 488 | 499 | 505 | 512 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| -0 | -0 | 0 | -0 | -0 | -0 | 0 | -1 | -1 | 58 | -2 | 13 | |
| 0 | 0 | -0 | -0 | 0 | -1 | -2 | -2 | 0 | -2 | 2 | -1 | |
| 0 | 0 | 0 | 0 | 0 | 1 | 3 | 2 | -0 | -56 | 0 | -12 | |
| Net Cash Flow | 0 | 0 | 0 | -0 | 0 | 0 | 1 | -0 | -1 | -0 | -0 | 0 |
| Free Cash Flow | -0 | -0 | 0 | -0 | -0 | -0 | 0 | -1 | -1 | 58 | -2 | 13 |
| CFO/OP | 3% | 23% | 20% | 89% | 42% | 90% | 0% | 302% | 112% | 99% | 351% | 94% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 0 | 0 | 0 | 4,372 | 4,103 | 4,524 | 438 | 0 | 1 | 0 | 2 | |
| Inventory Days | 0 | 0 | 0 | |||||||||
| Days Payable | ||||||||||||
| Cash Conversion Cycle | 0 | 0 | 0 | 4,372 | 4,103 | 4,524 | 438 | 0 | 1 | 0 | 2 | |
| Working Capital Days | 2,341 | 3,497 | 7,428 | 4,339 | 4,066 | 4,482 | 4,842 | 1,970 | 45 | 2,201 | 12,057 | |
| ROCE % | -0% | -0% | -0% | -0% | -0% | -0% | -0% | -0% | -0% | 12% | -0% | 3% |
Insights
In beta| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Average Sales Per Store (TTM) INR Million |
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| McCafé Penetration Number of McCafés |
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| Total Store Network Number of restaurants |
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| Same Store Sales Growth (SSSG) % |
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| Experience of the Future (EOTF) Stores Number of stores |
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| Digital Sales Contribution % |
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Extracted by Screener AI
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
14 May - Company informs the Stock Exchange of the Analyst/Investor meet scheduled to be held on June 2, 2026 as per the details mentioned in the attached …
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
14 May - Westlife Foodworld to attend Axis Capital's Rising Stars Conference on 2 June 2026, in person.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
14 May - Westlife Foodworld to attend 360 ONE Capital TRINITY India 2026 conference on 27-May-2026.
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
11 May - Submission of transcript of earnings conference call for the quarter ended 31st March 2026
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Submission Of Recording Of The Earnings Conference Call For The Quarter Ended 31St March 2026.
7 May - Q4 FY26 earnings conference call recording uploaded on website for quarter ended 31 March 2026.
Annual reports
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Financial Year 2025
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Financial Year 2024
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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 2012
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Financial Year 2011
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Concalls
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May 2026Transcript PPT
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Feb 2026Transcript PPT
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Nov 2025Transcript PPT REC
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Jul 2025Transcript PPT
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May 2025Transcript PPT
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Feb 2025TranscriptPPT
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Feb 2025Transcript PPT
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Oct 2024Transcript PPT REC
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Jul 2024Transcript PPT
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May 2024Transcript PPT
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Feb 2024Transcript PPT
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Nov 2023Transcript PPT
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Sep 2023TranscriptAI SummaryPPT
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Aug 2023Transcript PPT
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May 2023Transcript PPT REC
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Mar 2023TranscriptAI SummaryPPT
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Feb 2023Transcript PPT
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Dec 2022TranscriptAI SummaryPPT
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Dec 2022Transcript PPT
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Nov 2022TranscriptAI SummaryPPT
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Aug 2022Transcript PPT
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Aug 2021TranscriptPPT
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Mar 2021TranscriptPPT
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Jan 2021TranscriptPPT
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Nov 2020TranscriptPPT
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Jul 2020TranscriptPPT
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Jun 2020Transcript PPT
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Jan 2020TranscriptPPT
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Oct 2019TranscriptPPT
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Jul 2019TranscriptPPT
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May 2019TranscriptPPT
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Feb 2019TranscriptPPT
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Sep 2018TranscriptPPT
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Jun 2018TranscriptPPT
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May 2018TranscriptPPT
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Feb 2018TranscriptPPT
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Nov 2017TranscriptPPT
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Aug 2017TranscriptPPT
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Aug 2016TranscriptPPT
History of Westlife Foods[1]
The company was established as a joint
venture with McDonald’s Corporation, USA
in 1995. McDonald's Corporation exited the Joint Venture in 2011 after selling its 50% stake to West Life Foods. It is now the master franchisee of McDonald’s under an agreement
of 2010. The agreement grants authority to provide initial capital for the business, with operational and technical business support
from McDonald’s Corporation.