Coffee Day Enterprises Ltd

Coffee Day Enterprises Ltd

₹ 49.6 0.51%
28 Mar - close price
About

Coffee Day Enterprises Ltd is the holding company of the Coffee Day Group. The Group is in the business of coffee retail and exports, hospitality and consultancy services.[1]

Key Points

Coffee Business (~85%) [1]
This is the flagship business of the company handled by the company's subsidiary Coffee Day Global Ltd. Its flagship cafe chain brand Cafe Coffee Day (CCD) presently owns & operates 495 cafes in 158 cities and 285 CCD Value Express kiosks. 38,810 vending machines dispense coffee in corporate workplaces and hotels under the company's brand.
It closed ~700 stores in FY20, and 21 due to financial difficulties of the group. The retail business also suffered due to the COVID pandemic. [2]

In 2020-21, Coffee Day Global Ltd discontinued its international operations due to visibility issues, and the assets are held for sale by the company. [3]

In FY21, the co. discarded ~30,000 cabinets and wrote down ~80 crores of value as depreciation in the financials of key subsidiary Coffee Day Global Ltd. [4]

  • Market Cap 1,049 Cr.
  • Current Price 49.6
  • High / Low 74.2 / 28.0
  • Stock P/E 7.88
  • Book Value 146
  • Dividend Yield 0.00 %
  • ROCE -6.30 %
  • ROE -12.5 %
  • Face Value 10.0

Pros

  • Stock is trading at 0.34 times its book value

Cons

  • The company has delivered a poor sales growth of -24.8% over past five years.
  • Promoter holding is low: 10.5%
  • Company has a low return on equity of -8.98% over last 3 years.
  • Company might be capitalizing the interest cost
  • Promoter holding has decreased over last 3 years: -4.69%

* 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

Consolidated Figures in Rs. Crores / View Standalone

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
268 165 82 147 183 170 210 229 244 240 247 258 257
282 222 102 159 148 176 188 199 595 188 201 217 212
Operating Profit -15 -57 -20 -12 35 -6 23 30 -351 52 47 41 45
OPM % -5% -35% -25% -8% 19% -4% 11% 13% -144% 22% 19% 16% 17%
44 -138 6 8 6 57 10 21 21 61 17 -116 77
Interest 69 31 62 46 -13 -41 17 14 27 29 9 11 16
Depreciation 76 128 41 39 34 33 33 32 48 48 31 30 28
Profit before tax -115 -355 -116 -90 19 59 -18 4 -405 36 22 -116 78
Tax % 4% 23% -1% -1% 3% 1% -2% 1% -1% 2% -0% 6% 3%
-110 -272 -117 -91 19 59 -18 4 -408 35 23 -109 76
EPS in Rs -4.35 -12.42 -5.14 -4.02 0.97 2.48 -0.79 0.27 -19.03 1.58 0.97 -5.19 3.28
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

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
1,652 2,234 2,177 2,691 3,028 2,761 4,142 3,889 2,552 888 626 994 1,003
1,462 1,935 1,856 2,312 2,536 2,217 3,522 3,445 2,909 969 625 1,240 818
Operating Profit 190 299 321 379 492 544 620 444 -357 -80 1 -247 185
OPM % 12% 13% 15% 14% 16% 20% 15% 11% -14% -9% 0% -25% 18%
68 50 64 64 154 137 215 358 3,176 -78 72 112 39
Interest 123 210 278 326 359 317 349 353 519 261 53 87 66
Depreciation 147 203 249 257 252 227 260 270 430 400 148 161 138
Profit before tax -13 -64 -142 -141 35 137 225 179 1,870 -820 -128 -382 20
Tax % -37% -16% 2% -11% 127% 40% 34% 18% 1% 20% -2% -1%
22 -14 -63 -65 -10 82 148 147 1,849 -652 -131 -387 24
EPS in Rs 13.71 -15.03 -54.07 -57.41 -2.06 2.28 5.03 6.04 89.16 -27.64 -5.71 -17.98 0.64
Dividend Payout % 4% -1% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: -8%
5 Years: -25%
3 Years: -27%
TTM: 18%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: 136%
Stock Price CAGR
10 Years: %
5 Years: -30%
3 Years: %
1 Year: 73%
Return on Equity
10 Years: -4%
5 Years: -5%
3 Years: -9%
Last Year: -13%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 14 14 14 15 206 206 211 211 211 211 211 211 211
Reserves 602 634 540 531 1,960 2,058 2,166 2,318 4,092 3,505 3,393 3,007 2,879
Preference Capital 1 2 2 2 0 0 0 0 0 0 0 0
2,583 2,847 3,578 4,232 3,688 4,449 5,050 7,214 3,013 1,779 1,917 1,842 1,610
1,297 1,712 1,501 1,233 1,162 1,287 1,412 1,495 2,203 1,107 774 786 867
Total Liabilities 4,496 5,207 5,633 6,011 7,015 8,000 8,840 11,239 9,520 6,602 6,296 5,846 5,566
1,781 2,387 2,487 2,478 2,260 3,260 3,356 3,552 2,823 1,388 1,205 1,033 949
CWIP 633 749 841 997 715 816 957 1,066 1,287 7 2 6 6
Investments 329 381 430 518 1,374 664 716 177 493 460 430 440 40
1,754 1,690 1,874 2,018 2,667 3,259 3,811 6,444 4,917 4,747 4,659 4,366 4,570
Total Assets 4,496 5,207 5,633 6,011 7,015 8,000 8,840 11,239 9,520 6,602 6,296 5,846 5,566

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
240 212 306 469 318 368 534 375 611 67 108 172
179 -982 -341 -252 -603 -544 -534 -1,599 2,169 65 46 117
-213 700 87 -12 671 487 195 1,719 -4,970 -226 -195 -63
Net Cash Flow 206 -70 51 205 386 311 194 495 -2,190 -94 -41 226

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 58 51 47 45 37 54 42 54 41 23 20 21
Inventory Days 94 97 111 35 36 38 41 38 35 39 30
Days Payable 88 82 101 45 29 52 52 186 332 218 89
Cash Conversion Cycle 64 66 57 34 44 54 28 43 -107 -275 -159 -38
Working Capital Days 44 -49 -21 -61 -6 -21 -45 136 332 939 1,963 1,091
ROCE % 3% 4% 3% 4% 7% 7% 7% 4% 5% -5% -2% -6%

Shareholding Pattern

Numbers in percentages

44 Recently
Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
15.23% 14.88% 14.88% 14.88% 14.64% 13.92% 10.53% 9.59% 9.59% 9.83% 10.53% 10.53%
3.75% 3.42% 3.32% 3.56% 3.12% 3.15% 5.32% 3.55% 3.69% 2.31% 0.76% 0.79%
5.32% 3.26% 0.81% 0.00% 0.00% 0.00% 0.12% 0.27% 0.00% 0.14% 0.00% 0.00%
0.00% 0.00% 0.00% 0.01% 0.02% 0.03% 0.03% 0.04% 0.04% 0.00% 0.00% 0.00%
75.70% 78.44% 80.99% 81.55% 82.22% 82.89% 84.00% 86.54% 86.67% 87.72% 88.71% 88.68%
No. of Shareholders 67,13685,9301,03,9511,09,4231,85,4401,84,0011,85,4911,84,2151,83,2431,80,6121,80,7941,67,211

* 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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