Jubilant Foodworks Ltd

Jubilant Foodworks Ltd

₹ 470 -0.34%
17 May 2:00 p.m.
About

Jubilant FoodWorks Limited (JFL/Company) is part of the Jubilant Bhartia Group and is one of the India’s largest food service Company. The Company holds the master franchise rights for two international brands, Domino’s Pizza and Dunkin' Donuts addressing two different food market segments and now has Popeyes in its food segment. The Company also launched its first homegrown brand – Hong’s Kitchen in Chinese cuisine segment. [1]

Key Points

Exclusive right for Dominos Brand
Since 1996, company holds exclusive master franchise rights from Domino's Pizza Inc. to operate the Domino's Pizza brand in India, Bangladesh, Nepal and Bhutan. It is the largest franchisee of Domino's brand outside the USA. It has also been granted exclusive rights of domino's brand for Sri Lanka, Bangladesh & Nepal. [1]
In Sri Lanka and Bangladesh, company operates 50 and 26 stores respectively.

  • Market Cap 30,993 Cr.
  • Current Price 470
  • High / Low 587 / 421
  • Stock P/E 115
  • Book Value 34.0
  • Dividend Yield 0.25 %
  • ROCE 17.5 %
  • ROE 18.9 %
  • Face Value 2.00

Pros

  • Company has been maintaining a healthy dividend payout of 24.7%

Cons

  • Stock is trading at 13.8 times its book value
  • The company has delivered a poor sales growth of 11.3% over past five years.

* 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

Loading peers table ...

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
1,057 1,026 879 1,101 1,194 1,158 1,240 1,287 1,317 1,252 1,310 1,345 1,355
779 777 667 815 876 868 936 974 1,027 1,000 1,033 1,064 1,072
Operating Profit 279 249 212 286 317 290 305 312 290 252 276 281 283
OPM % 26% 24% 24% 26% 27% 25% 25% 24% 22% 20% 21% 21% 21%
16 11 2 8 11 12 -16 10 9 -1 9 7 4
Interest 40 37 42 42 45 45 46 49 50 51 51 53 58
Depreciation 88 86 89 90 101 103 105 112 130 128 133 138 147
Profit before tax 166 137 83 162 183 154 138 162 119 73 101 96 82
Tax % 25% 24% 25% 25% 25% 24% 27% 26% 26% 35% 26% 25% 26%
125 104 63 122 137 116 101 119 89 48 75 72 61
EPS in Rs 1.90 1.58 0.95 1.84 2.08 1.76 1.53 1.81 1.34 0.72 1.14 1.09 0.92
Raw PDF
Upcoming result date: 22 May 2024

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
1,017 1,408 1,724 2,074 2,410 2,546 2,980 3,531 3,886 3,269 4,331 5,096 5,262
824 1,162 1,468 1,810 2,137 2,296 2,532 2,920 3,002 2,493 3,219 3,926 4,170
Operating Profit 193 246 255 264 274 250 448 611 884 775 1,113 1,170 1,092
OPM % 19% 17% 15% 13% 11% 10% 15% 17% 23% 24% 26% 23% 21%
-1 6 9 6 10 -1 21 36 17 62 25 -7 19
Interest 0 0 0 0 0 0 0 0 163 161 173 195 214
Depreciation 38 55 77 98 124 151 156 152 344 367 383 475 545
Profit before tax 155 197 188 172 159 98 313 494 394 309 582 492 352
Tax % 32% 32% 33% 28% 33% 31% 34% 35% 30% 24% 25% 28%
106 135 126 123 107 67 206 323 275 234 438 356 256
EPS in Rs 1.62 2.07 1.92 1.88 1.62 1.02 3.13 4.89 4.17 3.54 6.63 5.40 3.87
Dividend Payout % 0% 0% 0% 13% 15% 25% 16% 20% 29% 34% 18% 22%
Compounded Sales Growth
10 Years: 14%
5 Years: 11%
3 Years: 9%
TTM: 5%
Compounded Profit Growth
10 Years: 11%
5 Years: 14%
3 Years: 8%
TTM: -40%
Stock Price CAGR
10 Years: 15%
5 Years: 13%
3 Years: -7%
1 Year: -1%
Return on Equity
10 Years: 21%
5 Years: 23%
3 Years: 21%
Last Year: 19%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 65 65 65 66 66 66 66 132 132 132 132 132 132
Reserves 234 371 498 606 732 786 978 1,192 1,051 1,365 1,929 2,014 2,113
0 0 0 0 0 0 0 0 1,651 1,599 1,962 2,334 2,378
170 219 309 423 456 480 524 590 565 706 710 771 821
Total Liabilities 470 655 872 1,094 1,253 1,332 1,568 1,914 3,399 3,802 4,733 5,251 5,444
251 383 529 716 806 778 768 785 2,149 2,103 2,683 3,407 3,559
CWIP 12 8 18 18 25 60 13 15 39 27 46 182 288
Investments 103 115 129 130 152 168 345 270 135 614 954 803 762
105 149 196 229 270 326 442 844 1,076 1,058 1,050 859 835
Total Assets 470 655 872 1,094 1,253 1,332 1,568 1,914 3,399 3,802 4,733 5,251 5,444

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
171 210 231 283 220 212 415 434 732 747 925 1,052
-172 -192 -240 -277 -201 -197 -352 -446 -98 -614 -534 -600
2 1 1 1 -18 -15 -18 -40 -469 -280 -424 -447
Net Cash Flow 2 20 -8 8 1 0 45 -52 166 -148 -33 5

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 2 2 2 2 2 2 2 3 2 2 2 2
Inventory Days 26 23 26 30 34 35 30 30 35 67 59 51
Days Payable 153 131 140 168 188 185 188 174 167 270 198 163
Cash Conversion Cycle -125 -106 -111 -136 -151 -148 -156 -140 -130 -201 -137 -110
Working Capital Days -43 -40 -41 -50 -43 -43 -44 -42 -39 -55 -38 -34
ROCE % 66% 54% 38% 28% 22% 14% 33% 43% 29% 16% 22% 18%

Shareholding Pattern

Numbers in percentages

4 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
41.94% 41.94% 41.94% 41.94% 41.94% 41.94% 41.94% 41.94% 41.94% 41.94% 41.94% 41.94%
41.72% 41.41% 39.77% 31.87% 29.80% 28.66% 26.77% 25.38% 25.22% 26.14% 27.75% 23.24%
10.63% 10.86% 11.37% 15.59% 17.20% 19.74% 20.70% 21.66% 22.33% 22.16% 21.94% 25.86%
0.14% 0.13% 0.13% 0.13% 0.14% 0.20% 0.20% 0.20% 0.20% 0.20% 0.20% 0.20%
5.37% 5.45% 6.60% 10.22% 10.71% 9.28% 10.23% 10.63% 10.14% 9.36% 7.97% 8.42%
0.21% 0.21% 0.19% 0.25% 0.21% 0.18% 0.18% 0.18% 0.18% 0.21% 0.21% 0.36%
No. of Shareholders 1,09,5941,32,8582,11,6963,77,0384,73,9274,77,1625,35,9785,70,2535,60,7185,38,5024,78,9154,78,589

* 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.

Click on the line-items to see the names of individual entities.

Documents

Concalls