Westlife Foodworld Ltd

Westlife Foodworld Ltd

₹ 669 -0.50%
30 May 9:49 a.m.
About

Westlife Development Limited (WDL) focuses on establishing and operating McDonald’s restaurants across West and South India, through its wholly owned subsidiary Hardcastle Restaurants Pvt Ltd (HRPL). [1]

Today, It manages 319 McDonalds restaurants and 223 McCafé outlets in West and South India in easily accessible and popular locations like malls, high-streets, shopping complexes and residential areas’ after outlet presence. It employees close to 10,000 employees. [2]

Key Points

History of Hardcastle Restaurants
Hardcastle Restaurants Pvt Ltd 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 HRPL. It is now the master franchisee of McDonald’s under an agreement of 2010. The agreement grants HRPL authority to provide initial capital for the business, with operational and technical business support from McDonald’s Corporation. [1]

  • Market Cap 10,429 Cr.
  • Current Price 669
  • High / Low 960 / 641
  • Stock P/E 11,718
  • Book Value 32.4
  • Dividend Yield 0.51 %
  • ROCE -0.08 %
  • ROE 0.18 %
  • Face Value 2.00

Pros

  • Company is almost debt free.

Cons

  • Stock is trading at 20.8 times its book value
  • Company has low interest coverage ratio.
  • Company has a low return on equity of 4.00% over last 3 years.
  • Working capital days have increased from 60,479 days to 1,78,258 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
0.12 0.07 0.14 0.20 0.22 61.85 0.21 0.22 0.26 0.23 0.27 0.24 0.29
0.28 0.23 0.33 0.26 0.39 0.42 0.39 0.38 1.01 0.35 0.51 0.41 0.34
Operating Profit -0.16 -0.16 -0.19 -0.06 -0.17 61.43 -0.18 -0.16 -0.75 -0.12 -0.24 -0.17 -0.05
OPM % -133.33% -228.57% -135.71% -30.00% -77.27% 99.32% -85.71% -72.73% -288.46% -52.17% -88.89% -70.83% -17.24%
0.00 0.00 0.00 0.00 0.00 0.00 0.26 0.08 0.06 0.05 0.03 0.03 0.10
Interest 0.00 0.00 0.00 0.00 0.16 0.05 0.03 0.00 0.00 0.00 0.00 0.00 0.00
Depreciation 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Profit before tax -0.16 -0.16 -0.19 -0.06 -0.33 61.38 0.05 -0.08 -0.69 -0.07 -0.21 -0.14 0.05
Tax % 0.00% 0.00% 0.00% 0.00% 0.00% 2.56% 100.00% 0.00% -11.59% 0.00% 0.00% 0.00% -2,540.00%
-0.16 -0.16 -0.19 -0.06 -0.33 59.81 -0.01 -0.08 -0.60 -0.07 -0.21 -0.14 1.31
EPS in Rs -0.01 -0.01 -0.01 -0.00 -0.02 3.84 -0.00 -0.01 -0.04 -0.00 -0.01 -0.01 0.08
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
1.91 0.29 0.31 0.20 0.00 0.44 0.50 0.43 0.45 0.63 62.53 1.03
3.39 0.59 0.74 0.65 0.57 0.77 0.81 0.83 0.87 1.20 2.18 1.61
Operating Profit -1.48 -0.30 -0.43 -0.45 -0.57 -0.33 -0.31 -0.40 -0.42 -0.57 60.35 -0.58
OPM % -77.49% -103.45% -138.71% -225.00% -75.00% -62.00% -93.02% -93.33% -90.48% 96.51% -56.31%
1.39 0.26 0.24 0.15 0.04 0.00 0.00 0.00 0.00 0.00 0.40 0.20
Interest 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.17 0.08 0.00
Depreciation 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Profit before tax -0.09 -0.04 -0.19 -0.30 -0.53 -0.33 -0.31 -0.40 -0.42 -0.74 60.67 -0.38
Tax % -333.33% 225.00% 136.84% 0.00% 0.00% 9.09% 0.00% 0.00% 0.00% 0.00% 2.54% -334.21%
0.21 -0.13 -0.45 -0.30 -0.53 -0.36 -0.31 -0.40 -0.42 -0.74 59.12 0.89
EPS in Rs 0.01 -0.01 -0.03 -0.02 -0.03 -0.02 -0.02 -0.03 -0.03 -0.05 3.79 0.06
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% -7,270.64% 91.01% 0.00%
Compounded Sales Growth
10 Years: 14%
5 Years: 16%
3 Years: 32%
TTM: -98%
Compounded Profit Growth
10 Years: 24%
5 Years: 37%
3 Years: 60%
TTM: -98%
Stock Price CAGR
10 Years: 9%
5 Years: 18%
3 Years: 14%
1 Year: -20%
Return on Equity
10 Years: 1%
5 Years: 2%
3 Years: 4%
Last Year: 0%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 31.11 31.11 31.11 31.11 31.12 31.12 31.13 31.16 31.19 31.19 31.19 31.19
Reserves 444.40 446.05 447.26 448.50 449.84 450.52 451.90 454.90 457.27 454.40 467.08 473.35
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 2.01 0.00 0.00
0.25 0.04 0.06 0.08 0.03 0.04 0.15 0.17 0.14 0.12 0.70 0.17
Total Liabilities 475.76 477.20 478.43 479.69 480.99 481.68 483.18 486.23 488.60 487.72 498.97 504.71
0.00 0.00 0.00 0.00 0.01 0.01 0.00 0.00 0.00 0.00 0.00 0.00
CWIP 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Investments 61.81 62.04 62.28 475.18 475.18 476.21 477.30 479.48 481.43 482.06 490.33 496.76
413.95 415.16 416.15 4.51 5.80 5.46 5.88 6.75 7.17 5.66 8.64 7.95
Total Assets 475.76 477.20 478.43 479.69 480.99 481.68 483.18 486.23 488.60 487.72 498.97 504.71

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
0.73 -0.03 -0.10 0.16 -0.42 -0.14 -0.28 0.00 -1.27 -0.64 58.35 -2.16
-189.46 0.03 0.00 -0.30 -0.01 0.00 -0.60 -1.75 -1.50 0.00 -2.50 2.11
176.75 0.00 0.27 0.14 0.25 0.25 0.98 2.88 2.47 -0.28 -55.88 0.00
Net Cash Flow -11.98 0.00 0.17 0.00 -0.19 0.10 0.09 1.13 -0.29 -0.92 -0.03 -0.05

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 0.00 0.00 0.00 0.00 4,371.70 4,102.60 4,524.30 438.00 0.00 0.88 0.00
Inventory Days 0.00 0.00 0.00 0.00
Days Payable
Cash Conversion Cycle 0.00 0.00 0.00 0.00 4,371.70 4,102.60 4,524.30 438.00 0.00 0.88 0.00
Working Capital Days 76.44 2,341.03 3,496.94 7,427.75 4,338.52 4,066.10 4,481.86 4,842.33 3,134.37 45.00 178,258.20
ROCE % -0.04% -0.01% -0.04% -0.06% -0.11% -0.07% -0.06% -0.08% -0.09% -0.12% 12.32% -0.08%

Shareholding Pattern

Numbers in percentages

11 Recently
Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
56.98% 56.32% 56.23% 56.23% 56.23% 56.22% 56.23% 56.28% 56.25% 56.25% 56.25% 56.25%
9.47% 9.80% 10.12% 9.61% 9.70% 10.44% 10.48% 11.60% 13.83% 13.71% 13.90% 12.86%
23.34% 24.14% 23.68% 24.15% 24.14% 23.66% 23.99% 23.01% 20.99% 21.31% 21.24% 22.33%
9.95% 9.50% 9.72% 9.72% 9.64% 9.37% 9.00% 8.79% 8.58% 8.38% 8.27% 8.20%
0.25% 0.25% 0.26% 0.31% 0.31% 0.31% 0.32% 0.34% 0.33% 0.33% 0.33% 0.35%
No. of Shareholders 32,56331,73638,11634,12435,38236,38137,40735,50833,01931,87231,05830,140

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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