Devyani International Ltd

Devyani International Ltd

₹ 134 -1.42%
01 Dec - close price
About

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]

Key Points

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]

  • Market Cap 16,497 Cr.
  • Current Price 134
  • High / Low 210 / 130
  • Stock P/E
  • Book Value 12.4
  • Dividend Yield 0.00 %
  • ROCE 7.53 %
  • ROE 2.20 %
  • Face Value 1.00

Pros

Cons

  • Stock is trading at 10.8 times its book value
  • Company has low interest coverage ratio.
  • Promoter holding has decreased over last quarter: -1.20%
  • Company has a low return on equity of -7.71% 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025
693 729 700 790 779 796 752 840 836 873 801 917 871
541 575 565 632 640 647 603 667 689 726 664 766 739
Operating Profit 151 154 135 158 139 149 149 172 146 146 137 151 131
OPM % 22% 21% 19% 20% 18% 19% 20% 21% 18% 17% 17% 16% 15%
6 9 12 7 8 5 -99 11 10 14 14 16 9
Interest 34 36 36 38 40 44 51 52 54 56 59 55 56
Depreciation 61 65 72 75 83 89 90 92 99 105 108 105 105
Profit before tax 62 62 37 53 24 22 -91 40 3 -0 -16 7 -20
Tax % 1% -14% -54% 25% -71% 17% 16% 20% 69% -1,537% -15% 14% -29%
62 71 57 40 41 18 -105 32 1 4 -13 6 -14
EPS in Rs 0.51 0.59 0.48 0.33 0.34 0.15 -0.87 0.26 0.01 0.04 -0.11 0.05 -0.12
Raw PDF

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 Mar 2025 TTM
807 881 1,071 1,228 999 1,853 2,774 3,116 3,349 3,461
819 776 1,031 1,021 836 1,462 2,182 2,516 2,722 2,895
Operating Profit -11 104 40 207 163 391 592 601 628 566
OPM % -1% 12% 4% 17% 16% 21% 21% 19% 19% 16%
11 17 9 -47 91 14 34 -79 48 54
Interest 16 19 30 120 128 107 136 173 222 226
Depreciation 56 48 56 175 191 185 257 341 426 422
Profit before tax -73 55 -38 -135 -65 112 233 8 27 -29
Tax % 0% 0% 0% 0% 0% -37% -12% 184% 12%
-73 55 -38 -135 -65 153 260 -6 24 -17
EPS in Rs -6.84 5.15 -3.57 -12.72 -0.57 1.27 2.16 -0.05 0.20 -0.14
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: 22%
3 Years: 22%
TTM: 7%
Compounded Profit Growth
10 Years: %
5 Years: 17%
3 Years: -46%
TTM: -136%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: -11%
1 Year: -19%
Return on Equity
10 Years: %
5 Years: -5%
3 Years: -8%
Last Year: 2%

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 Mar 2025 Sep 2025
Equity Capital 106 106 106 106 115 120 120 121 121 123
Reserves 149 203 165 -90 184 773 964 968 983 1,405
190 252 322 437 1,081 1,007 1,410 2,115 2,373 2,423
121 139 218 1,067 218 268 407 439 488 520
Total Liabilities 567 701 811 1,519 1,597 2,168 2,903 3,643 3,964 4,472
278 335 399 1,129 1,209 1,552 2,268 2,774 3,069 3,065
CWIP 6 3 5 6 7 1 7 7 3 8
Investments 122 158 133 98 88 110 84 355 356 846
162 204 273 285 294 505 543 506 536 553
Total Assets 567 701 811 1,519 1,597 2,168 2,903 3,643 3,964 4,472

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 Mar 2025
54 105 75 241 158 385 595 587 662
-65 -156 -184 -116 -302 -363 -305 -737 -323
1 43 105 -139 170 -10 -279 109 -327
Net Cash Flow -11 -8 -4 -14 26 12 10 -42 12

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 11 12 15 10 14 6 4 5 6
Inventory Days 38 36 41 50 65 50 52 34 41
Days Payable 101 111 109 121 154 107 93 97 112
Cash Conversion Cycle -52 -64 -54 -61 -75 -51 -38 -57 -64
Working Capital Days -13 -20 -49 -101 -72 -11 -36 -43 -50
ROCE % 14% -1% 11% 2% 14% 17% 10% 8%

Shareholding Pattern

Numbers in percentages

Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
62.80% 62.78% 62.76% 62.74% 62.74% 62.74% 62.73% 62.72% 62.72% 62.72% 62.62% 61.41%
8.82% 9.77% 12.05% 13.34% 12.47% 12.44% 11.68% 11.17% 11.17% 10.46% 9.42% 6.55%
7.88% 9.66% 8.74% 8.23% 8.52% 12.20% 14.19% 15.38% 15.46% 16.87% 18.09% 19.76%
20.51% 17.78% 16.46% 15.69% 16.27% 12.64% 11.41% 10.73% 10.65% 9.95% 9.86% 12.29%
No. of Shareholders 2,95,3333,06,3552,71,6892,64,7142,95,9033,34,0753,01,3762,68,1252,65,1842,56,3792,45,8272,38,190

* 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.

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