Grill Splendour Services Ltd
Incorporated in 2019, Grill Splendour
Services Ltd provides restaurant and
café services[1]
- Market Cap ₹ 46.8 Cr.
- Current Price ₹ 65.9
- High / Low ₹ 143 / 65.9
- Stock P/E
- Book Value ₹ 31.8
- Dividend Yield 0.00 %
- ROCE -28.5 %
- ROE -27.4 %
- Face Value ₹ 10.0
Pros
Cons
- Company has low interest coverage ratio.
- Promoter holding has decreased over last quarter: -0.70%
- The company has delivered a poor sales growth of 4.31% over past five years.
- Promoter holding is low: 26.9%
- Company has a low return on equity of -28.6% over last 3 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
Consumer Discretionary Consumer Services Leisure Services Restaurants
Part of Nifty SME Emerge
Half Yearly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|
| 8.25 | 11.50 | 15.29 | 13.47 | 10.26 | 10.19 | 9.58 | |
| Sales growth | +39.39% | +32.96% | -11.90% | -23.83% | -0.68% | -11.46% | |
| 8.13 | 11.25 | 12.40 | 12.76 | 15.51 | 16.53 | 14.10 | |
| Operating Profit | 0.12 | 0.25 | 2.89 | 0.71 | -5.25 | -6.34 | -4.52 |
| OPM % | 1.45% | 2.17% | 18.90% | 5.27% | -51.17% | -62.22% | -47.18% |
| 0.01 | 0.02 | 0.02 | 0.02 | 0.05 | -4.83 | -4.86 | |
| Interest | 0.10 | 0.11 | 0.23 | 0.76 | 0.41 | 0.43 | 0.52 |
| Depreciation | 0.06 | 0.12 | 0.16 | 0.20 | 0.48 | 0.76 | 0.81 |
| Profit before tax | -0.03 | 0.04 | 2.52 | -0.23 | -6.09 | -12.36 | -10.71 |
| Tax % | 0.00% | 0.00% | 20.63% | 4.35% | -22.00% | -13.35% | |
| -0.04 | 0.03 | 1.99 | -0.24 | -4.75 | -10.71 | -9.42 | |
| EPS in Rs | -0.27 | 0.20 | 13.27 | -0.63 | -9.12 | -16.98 | -14.59 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 4% |
| 3 Years: | -13% |
| TTM: | -11% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | 30% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -51% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | -29% |
| Last Year: | -27% |
Balance Sheet
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 0.01 | 0.01 | 0.01 | 3.84 | 5.21 | 6.31 | 7.10 |
| Reserves | -0.03 | 0.01 | 2.00 | 0.26 | 17.89 | 13.14 | 15.49 |
| 0.97 | 1.34 | 3.00 | 15.49 | 3.63 | 3.36 | 4.51 | |
| 1.71 | 1.54 | 2.63 | 2.60 | 2.68 | 2.51 | 2.68 | |
| Total Liabilities | 2.66 | 2.90 | 7.64 | 22.19 | 29.41 | 25.32 | 29.78 |
| 0.95 | 1.15 | 1.40 | 1.77 | 6.82 | 4.48 | 4.20 | |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| 1.71 | 1.75 | 6.24 | 20.42 | 22.59 | 20.84 | 25.58 | |
| Total Assets | 2.66 | 2.90 | 7.64 | 22.19 | 29.41 | 25.32 | 29.78 |
Cash Flows
Figures in Rs. Crores
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| 0.32 | 0.03 | 2.35 | -0.12 | -3.64 | -7.30 | |
| -0.74 | -0.29 | -2.91 | -15.65 | -5.48 | -1.73 | |
| 0.40 | 0.26 | 1.47 | 15.52 | 11.36 | 6.36 | |
| Net Cash Flow | -0.02 | 0.00 | 0.91 | -0.24 | 2.25 | -2.67 |
| Free Cash Flow | -0.32 | -0.29 | 1.93 | -0.69 | -9.17 | -9.08 |
| CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | 267% | 12% | 81% | -15% | 69% | 115% |
Ratios
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Debtor Days | 4.87 | 3.81 | 15.76 | 22.49 | 72.93 | 7.52 |
| Inventory Days | 40.56 | 24.68 | 22.05 | 21.21 | 19.21 | 19.65 |
| Days Payable | 134.70 | 87.39 | 143.35 | 207.61 | 170.01 | 133.83 |
| Cash Conversion Cycle | -89.28 | -58.91 | -105.54 | -163.92 | -77.87 | -106.66 |
| Working Capital Days | -29.20 | -9.84 | -26.02 | -320.83 | -17.43 | -62.68 |
| ROCE % | 12.99% | 86.34% | 4.31% | -24.53% | -28.50% |
Insights
In beta| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| Median employee remuneration INR |
|
|||
| Company-owned retail stores stores |
||||
| Franchisee retail stores stores |
||||
| Permanent employees on roll employees |
||||
| Total retail stores stores |
||||
Extracted by Screener AI
Documents
Announcements
-
Outcome of Board Meeting
- Mr. Rajiv Madhukar Mhaske appointed CFO and KMP effective November 4, 2026.
-
Updates
- Company disclosed authorized KMPs under Regulation 30(5) for materiality and stock exchange disclosures.
-
Appointment
- Mr. Rajiv Madhukar Mhaske appointed CFO and KMP effective November 4, 2026.
-
Outcome of Board Meeting
- Board approved unaudited H1 FY2026 results; 7,93,600 warrant conversions allotted, utilisation certificate issued.
-
Updates
- Company states corporate governance provisions are not applicable; no Q2 FY26 corporate governance report required.
Annual reports
-
Annual Report 2026
from nse
-
Annual Report 2025
from nse
-
Annual Report 2024
from nse
Business Overview:[1]
a) GSSL is in the business of restaurant and café services and specializes in Cakes & Pastries, Snacks, Chocolates, and other food items.
b) It operates a chain of gourmet Bakery and Pâtisserie spread across Mumbai through 26 retail stores, a centralized production facility and multiple corporate clients.
c) Out of 26 retail stores, 5 stores are running under the franchisee model (franchisee owned, and company operated) and rest 21 stores are owned by the company