Devyani International Ltd
Devyani International Limited (DIL) is the largest franchisee of Yum Brands in India and is among the largest operators of chain
quick service restaurants (QSR) in India. In addition, DIL is a franchisee for the Costa Coffee brand and stores in India.[1]
- Market Cap ₹ 21,550 Cr.
- Current Price ₹ 179
- High / Low ₹ 223 / 130
- Stock P/E 642
- Book Value ₹ 9.22
- Dividend Yield 0.00 %
- ROCE 10.4 %
- ROE -48.7 %
- Face Value ₹ 1.00
Pros
Cons
- Stock is trading at 19.4 times its book value
- Company has low interest coverage ratio.
- Company has a low return on equity of -4.21% 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
Sector: Quick Service Restaurant Industry: Hotels
Part of Nifty 500 BSE Consumer Discretionary BSE SmallCap BSE 250 SmallCap Index BSE Allcap
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
---|---|---|---|---|---|---|---|---|---|
807 | 881 | 1,071 | 1,228 | 999 | 1,853 | 2,774 | 3,116 | 3,300 | |
819 | 776 | 1,031 | 1,021 | 836 | 1,462 | 2,182 | 2,516 | 2,686 | |
Operating Profit | -11 | 104 | 40 | 207 | 163 | 391 | 592 | 601 | 614 |
OPM % | -1% | 12% | 4% | 17% | 16% | 21% | 21% | 19% | 19% |
11 | 17 | 9 | -47 | 91 | 14 | 34 | -79 | -63 | |
Interest | 16 | 19 | 30 | 120 | 128 | 107 | 136 | 173 | 213 |
Depreciation | 56 | 48 | 56 | 175 | 191 | 185 | 257 | 341 | 386 |
Profit before tax | -73 | 55 | -38 | -135 | -65 | 112 | 233 | 8 | -48 |
Tax % | 0% | 0% | 0% | 0% | 0% | -37% | -12% | 184% | |
-73 | 55 | -38 | -135 | -65 | 153 | 260 | -6 | -68 | |
EPS in Rs | -6.84 | 5.15 | -3.57 | -12.72 | -0.57 | 1.27 | 2.16 | -0.05 | -0.56 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 24% |
3 Years: | 46% |
TTM: | 8% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
TTM: | -78% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 1% |
1 Year: | 7% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | -12% |
3 Years: | -4% |
Last Year: | -49% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Sep 2024 | |
---|---|---|---|---|---|---|---|---|---|
Equity Capital | 106 | 106 | 106 | 106 | 115 | 120 | 120 | 121 | 121 |
Reserves | 149 | 203 | 165 | -90 | 184 | 773 | 964 | 968 | 991 |
190 | 252 | 322 | 437 | 1,081 | 1,007 | 1,410 | 2,115 | 2,264 | |
121 | 139 | 218 | 1,067 | 218 | 268 | 407 | 439 | 500 | |
Total Liabilities | 567 | 701 | 811 | 1,519 | 1,597 | 2,168 | 2,903 | 3,643 | 3,876 |
278 | 335 | 399 | 1,129 | 1,209 | 1,552 | 2,268 | 2,774 | 2,983 | |
CWIP | 6 | 3 | 5 | 6 | 7 | 1 | 7 | 7 | 7 |
Investments | 122 | 158 | 133 | 98 | 88 | 110 | 84 | 355 | 355 |
162 | 204 | 273 | 285 | 294 | 505 | 543 | 506 | 530 | |
Total Assets | 567 | 701 | 811 | 1,519 | 1,597 | 2,168 | 2,903 | 3,643 | 3,876 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|
54 | 105 | 75 | 241 | 158 | 385 | 595 | 587 | |
-65 | -156 | -184 | -116 | -302 | -363 | -305 | -737 | |
1 | 43 | 105 | -139 | 170 | -10 | -279 | 109 | |
Net Cash Flow | -11 | -8 | -4 | -14 | 26 | 12 | 10 | -42 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|
Debtor Days | 11 | 12 | 15 | 10 | 14 | 6 | 4 | 5 |
Inventory Days | 38 | 36 | 41 | 50 | 65 | 50 | 52 | 34 |
Days Payable | 101 | 111 | 109 | 121 | 154 | 107 | 93 | 97 |
Cash Conversion Cycle | -52 | -64 | -54 | -61 | -75 | -51 | -38 | -57 |
Working Capital Days | -13 | -20 | -32 | -78 | -24 | 3 | -24 | -20 |
ROCE % | 14% | -1% | 11% | 2% | 14% | 17% | 10% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Change in Management
8m - Head-Legal Mr. Varun Kumar Prabhakar resigned effective April 30, 2025, citing personal reasons.
- Announcement under Regulation 30 (LODR)-Newspaper Publication 26 Apr
- Notice Of Extraordinary General Meeting Of The Company 25 Apr
- Announcement under Regulation 30 (LODR)-Investor Presentation 24 Apr
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
24 Apr - Devyani acquires controlling stake in Sky Gate, adding 3 brands to expand Indian cuisine presence.
Annual reports
Concalls
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Apr 2025TranscriptNotesPPT
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Feb 2025Transcript PPT
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Nov 2024Transcript PPT
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Aug 2024Transcript PPT REC
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May 2024Transcript PPT REC
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Feb 2024Transcript PPT REC
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Dec 2023TranscriptNotesPPT
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Nov 2023Transcript PPT
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Aug 2023Transcript PPT
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May 2023Transcript PPT
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Feb 2023Transcript PPT
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Nov 2022Transcript PPT
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Aug 2022Transcript PPT
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May 2022Transcript PPT
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Feb 2022Transcript PPT
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Feb 2022TranscriptNotesPPT
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Nov 2021TranscriptNotesPPT
Overview
The company is a leading quick-service restaurant (QSR) operator in India and is part of RJ Corporation, founded by Ravi Kant Jaipuria in 1991. RJ Corp is a multinational conglomerate with successful ventures in beverages (Varun Beverages), QSR (KFC, Pizza Hut, Costa Coffee), retail, ice cream (Cream Bell, Daima), healthcare (Medanta Africare), and education, spanning over 14 countries. [1] [2]