Westlife Foodworld Ltd

₹ 691 -0.72%
03 Feb - close price
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. McDonalds Corporation exited the Joint Venture in 2011 after selling its 50% stake to HRPL. It is the now the master franchisee of McDonald’s under an agreement of 2010. The agreement grants HRPL the authority to provide initial capital for the business, with operational and technical business support from McDonald’s Corporation. [1]

  • Market Cap 10,776 Cr.
  • Current Price 691
  • High / Low 816 / 402
  • Stock P/E
  • Book Value 31.2
  • Dividend Yield 0.00 %
  • ROCE -0.09 %
  • ROE -0.09 %
  • Face Value 2.00

Pros

  • Company is almost debt free.

Cons

  • Stock is trading at 22.2 times its book value
  • Company has low interest coverage ratio.
  • Company has a low return on equity of -0.08% over last 3 years.
  • Company has high debtors of 438 days.
  • Promoter holding has decreased over last 3 years: -5.92%

* 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

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022
0.12 0.11 0.19 0.10 0.08 0.06 0.12 0.12 0.10 0.12 0.07 0.14 0.20
0.19 0.21 0.25 0.21 0.16 0.21 0.18 0.22 0.20 0.28 0.23 0.33 0.26
Operating Profit -0.07 -0.10 -0.06 -0.11 -0.08 -0.15 -0.06 -0.10 -0.10 -0.16 -0.16 -0.19 -0.06
OPM % -58.33% -90.91% -31.58% -110.00% -100.00% -250.00% -50.00% -83.33% -100.00% -133.33% -228.57% -135.71% -30.00%
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Interest 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
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 -0.07 -0.10 -0.06 -0.11 -0.08 -0.15 -0.06 -0.10 -0.10 -0.16 -0.16 -0.19 -0.06
Tax % 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%
Net Profit -0.07 -0.10 -0.06 -0.11 -0.08 -0.15 -0.06 -0.10 -0.10 -0.16 -0.16 -0.19 -0.06
EPS in Rs -0.00 -0.01 -0.00 -0.01 -0.01 -0.01 -0.00 -0.01 -0.01 -0.01 -0.01 -0.01 -0.00
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
0.25 1.71 2.37 1.91 0.29 0.31 0.20 0.00 0.44 0.50 0.43 0.45 0.53
0.23 1.31 2.17 3.39 0.59 0.74 0.65 0.57 0.77 0.81 0.83 0.87 1.10
Operating Profit 0.02 0.40 0.20 -1.48 -0.30 -0.43 -0.45 -0.57 -0.33 -0.31 -0.40 -0.42 -0.57
OPM % 8.00% 23.39% 8.44% -77.49% -103.45% -138.71% -225.00% -75.00% -62.00% -93.02% -93.33% -107.55%
0.00 -1.23 2.25 1.39 0.26 0.24 0.15 0.04 0.00 0.00 0.00 0.00 0.00
Interest 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
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 0.02 -0.83 2.45 -0.09 -0.04 -0.19 -0.30 -0.53 -0.33 -0.31 -0.40 -0.42 -0.57
Tax % 0.00% -19.28% 2.86% 333.33% -225.00% -136.84% 0.00% 0.00% -9.09% 0.00% 0.00% 0.00%
Net Profit 0.02 -0.99 2.38 0.21 -0.13 -0.45 -0.30 -0.53 -0.36 -0.31 -0.40 -0.42 -0.57
EPS in Rs 0.00 -0.06 0.26 0.01 -0.01 -0.03 -0.02 -0.03 -0.02 -0.02 -0.03 -0.03 -0.03
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: -13%
5 Years: 18%
3 Years: 1%
TTM: 33%
Compounded Profit Growth
10 Years: %
5 Years: -10%
3 Years: -6%
TTM: -39%
Stock Price CAGR
10 Years: 27%
5 Years: 15%
3 Years: 15%
1 Year: 39%
Return on Equity
10 Years: 0%
5 Years: 0%
3 Years: 0%
Last Year: 0%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Sep 2022
16.00 16.00 18.75 31.11 31.11 31.11 31.11 31.12 31.12 31.13 31.16 31.19 31.19
Reserves 0.76 -0.23 2.14 444.40 446.05 447.22 448.50 449.83 443.60 445.77 454.90 457.26 454.79
0.15 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
0.05 0.23 1.32 0.25 0.04 0.10 0.08 0.04 6.96 6.28 0.17 0.15 6.91
Total Liabilities 16.96 16.00 21.75 475.76 477.20 478.43 479.69 480.99 481.68 483.18 486.23 488.60 492.89
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.01 0.01 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 0.00
Investments 1.04 2.79 0.02 61.81 62.04 62.28 475.18 475.18 476.21 477.30 479.48 481.43 481.63
15.92 13.21 21.73 413.95 415.16 416.15 4.51 5.80 5.46 5.88 6.75 7.17 11.26
Total Assets 16.96 16.00 21.75 475.76 477.20 478.43 479.69 480.99 481.68 483.18 486.23 488.60 492.89

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
-0.26 1.65 4.26 0.73 -0.03 -0.10 0.16 -0.42 -0.14 -0.28 0.00 -1.27
0.00 -1.71 5.01 -189.46 0.03 0.00 -0.30 -0.01 0.00 -0.60 -1.75 -1.50
0.00 0.00 2.76 176.75 0.00 0.27 0.14 0.25 0.25 0.98 2.88 2.47
Net Cash Flow -0.26 -0.06 12.03 -11.98 0.00 0.17 0.00 -0.19 0.10 0.09 1.13 -0.29

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 0.00 4.27 146.31 0.00 0.00 0.00 0.00 4,371.70 4,102.60 4,524.30 438.00
Inventory Days 0.00 0.00 0.00 0.00 0.00 0.00
Days Payable
Cash Conversion Cycle 0.00 4.27 146.31 0.00 0.00 0.00 0.00 4,371.70 4,102.60 4,524.30 438.00
Working Capital Days 21,067.80 2,749.24 1,309.07 76.44 2,341.03 3,496.94 7,427.75 4,338.52 4,066.10 4,481.86 373.11
ROCE % 0.12% 2.69% 13.37% -0.04% -0.01% -0.04% -0.06% -0.11% -0.07% -0.07% -0.08% -0.09%

Shareholding Pattern

Numbers in percentages

7 recently
Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022
59.12 59.12 59.12 59.08 58.00 56.40 57.14 57.13 56.98 56.98 56.32 56.23
12.65 10.12 10.02 9.59 10.83 11.55 11.01 10.74 9.94 9.47 9.80 10.12
16.05 18.55 19.40 20.44 20.78 20.89 22.01 22.69 22.83 23.34 24.14 23.68
12.18 12.21 11.46 10.89 10.39 11.16 9.84 9.44 10.00 9.95 9.50 9.72
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.24 0.25 0.25 0.26

* 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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Documents

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