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 ₹ 8,282 Cr.
- Current Price ₹ 531
- High / Low ₹ 780 / 398
- Stock P/E 1,394
- Book Value ₹ 32.8
- Dividend Yield 0.14 %
- 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 16.2 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 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 0.29 | 0.31 | 0.20 | 0.00 | 0.44 | 0.50 | 0.43 | 0.45 | 0.63 | 62.53 | 1.04 | 15.43 | 7.26 | |
| 0.59 | 0.74 | 0.65 | 0.57 | 0.77 | 0.81 | 0.83 | 0.87 | 1.20 | 2.18 | 1.63 | 1.34 | 1.49 | |
| Operating Profit | -0.30 | -0.43 | -0.45 | -0.57 | -0.33 | -0.31 | -0.40 | -0.42 | -0.57 | 60.35 | -0.59 | 14.09 | 5.77 |
| OPM % | -103.45% | -138.71% | -225.00% | -75.00% | -62.00% | -93.02% | -93.33% | -90.48% | 96.51% | -56.73% | 91.32% | 79.48% | |
| 0.26 | 0.24 | 0.15 | 0.04 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.40 | 0.21 | 0.14 | 0.17 | |
| Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.17 | 0.08 | 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 | -0.04 | -0.19 | -0.30 | -0.53 | -0.33 | -0.31 | -0.40 | -0.42 | -0.74 | 60.67 | -0.38 | 14.23 | 5.94 |
| Tax % | 225.00% | 136.84% | 0.00% | 0.00% | 9.09% | 0.00% | 0.00% | 0.00% | 0.00% | 2.54% | -334.21% | 0.00% | |
| -0.13 | -0.45 | -0.30 | -0.53 | -0.36 | -0.31 | -0.40 | -0.42 | -0.74 | 59.12 | 0.89 | 14.23 | 5.94 | |
| 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 | 0.38 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | -7,270.64% | 91.01% | 1,314.19% | 7,890.65% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 48% |
| 5 Years: | 105% |
| 3 Years: | 190% |
| TTM: | -53% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 42% |
| 5 Years: | 107% |
| 3 Years: | 177% |
| TTM: | -62% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 10% |
| 5 Years: | 0% |
| 3 Years: | -17% |
| 1 Year: | -26% |
| 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 | 31.11 | 31.11 | 31.11 | 31.12 | 31.12 | 31.13 | 31.16 | 31.19 | 31.19 | 31.19 | 31.19 | 31.19 |
| Reserves | 446.05 | 447.26 | 448.50 | 449.84 | 450.52 | 451.90 | 454.90 | 457.27 | 454.40 | 467.08 | 473.35 | 480.06 |
| 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 2.01 | 0.00 | 0.00 | 0.00 | |
| 0.04 | 0.06 | 0.08 | 0.03 | 0.04 | 0.15 | 0.17 | 0.14 | 0.12 | 0.70 | 0.16 | 0.27 | |
| Total Liabilities | 477.20 | 478.43 | 479.69 | 480.99 | 481.68 | 483.18 | 486.23 | 488.60 | 487.72 | 498.97 | 504.70 | 511.52 |
| 0.00 | 0.00 | 0.00 | 0.01 | 0.01 | 0.00 | 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 | 62.04 | 62.28 | 475.18 | 475.18 | 476.21 | 477.30 | 479.48 | 481.43 | 482.06 | 490.33 | 496.76 | 501.47 |
| 415.16 | 416.15 | 4.51 | 5.80 | 5.46 | 5.88 | 6.75 | 7.17 | 5.66 | 8.64 | 7.94 | 10.05 | |
| Total Assets | 477.20 | 478.43 | 479.69 | 480.99 | 481.68 | 483.18 | 486.23 | 488.60 | 487.72 | 498.97 | 504.70 | 511.52 |
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| -0.03 | -0.10 | 0.16 | -0.42 | -0.14 | -0.28 | 0.00 | -1.27 | -0.64 | 58.35 | -2.16 | 13.18 | |
| 0.03 | 0.00 | -0.30 | -0.01 | 0.00 | -0.60 | -1.75 | -1.50 | 0.00 | -2.50 | 2.11 | -1.47 | |
| 0.00 | 0.27 | 0.14 | 0.25 | 0.25 | 0.98 | 2.88 | 2.47 | -0.28 | -55.88 | 0.00 | -11.70 | |
| Net Cash Flow | 0.00 | 0.17 | 0.00 | -0.19 | 0.10 | 0.09 | 1.13 | -0.29 | -0.92 | -0.03 | -0.05 | 0.01 |
| Free Cash Flow | -0.03 | -0.10 | 0.16 | -0.43 | -0.14 | -0.28 | 0.00 | -1.27 | -0.64 | 58.35 | -2.16 | 13.18 |
| 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 | 0.00 | 0.00 | 0.00 | 4,371.70 | 4,102.60 | 4,524.30 | 438.00 | 0.00 | 0.88 | 0.00 | 2.37 | |
| Inventory Days | 0.00 | 0.00 | 0.00 | |||||||||
| Days Payable | ||||||||||||
| Cash Conversion Cycle | 0.00 | 0.00 | 0.00 | 4,371.70 | 4,102.60 | 4,524.30 | 438.00 | 0.00 | 0.88 | 0.00 | 2.37 | |
| Working Capital Days | 2,341.03 | 3,496.94 | 7,427.75 | 4,338.52 | 4,066.10 | 4,481.86 | 4,842.33 | 1,969.84 | 45.00 | 2,200.53 | 12,057.30 | |
| ROCE % | -0.01% | -0.04% | -0.06% | -0.11% | -0.07% | -0.06% | -0.08% | -0.09% | -0.12% | 12.32% | -0.08% | 2.80% |
Insights
In beta| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| McCafé Restaurants Number of restaurants |
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| Same Store Sales Growth (SSSG) Percent YoY |
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| Total Restaurants (Store Network) Number of restaurants |
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| Number of Cities Number of cities |
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| Comparable AUV (Average Unit Volume, TTM) INR million |
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| Drive-Thru Restaurants Number of restaurants |
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| Cumulative App Downloads (Life to Date) Million downloads |
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| Digital-led Sales (Apps + SOKs) as % of Total Sales Percent of sales |
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Extracted by Screener AI
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
31 Jul - Company informs the Stock Exchange of the Analyst/Investor meet scheduled to be held on August 14, 2026 as per the details mentioned in the attached …
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
31 Jul - Westlife Foodworld to attend Emkay Confluence 2026 investor meeting on 13 August 2026.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
31 Jul - Intimation of Newspaper Advertisement for Notice of 43rd Annual General Meeting through Video Conferencing/Other Audio Visual Means.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
31 Jul - Newspaper Advertisement - Unaudited Financial Results of the Company for the quarter ended 30th June 2026.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
31 Jul - Newspaper Advertisement - Declaration of Interim Dividend
Annual reports
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Financial Year 2025
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Financial Year 2015
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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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Jul 2026TranscriptAI SummaryPPT
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Nov 2025Transcript PPT REC
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Dec 2022TranscriptAI SummaryPPT
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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.