Westlife Foodworld Ltd
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]
- 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
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
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% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
2 Feb - In compliance with Regulation 30 read with Part A of Schedule III of the SEBI (LODR) Regulations, 2015, we would like to inform you that …
- Board Meeting Outcome for Revised Compliance With Regulations 33 (3) And 30 Of The SEBI (LODR) Regulations, 2015 - Submission Of Financial Results For The Quarter Ended 31St December, 2022 - Outcome Of Board Meeting Held On 31St January, 2023 1 Feb
- Compliance With Regulations 30 Of The SEBI (LODR) Regulations, 2015 - Submission Of Audio Recording Of Earnings Conference Call For The Quarter Ended 31St December, 2022 31 Jan
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Announcement under Regulation 30 (LODR)-Investor Presentation
31 Jan - Westlife Foodworld Limited - Hardcastle Restaurants Pvt. Ltd - Q3 FY23 Earnings Presentation
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Announcement under Regulation 30 (LODR)-Resignation of Director
31 Jan - Mr Banwari Lal Jatia's resignation, for personal reasons, from the position of non-executive Director of the Company and of its subsidiary has been accepted and …
Annual reports
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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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Financial Year 2010
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Concalls
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Jan 2023TranscriptPPT
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Dec 2022TranscriptPPT
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Dec 2022Transcript PPT
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Nov 2022TranscriptPPT
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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 2020TranscriptPPT
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Jan 2020TranscriptPPT
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Oct 2019TranscriptPPT
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Jul 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 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]