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 ₹ 15,667 Cr.
- Current Price ₹ 127
- High / Low ₹ 170 / 91.6
- Stock P/E
- Book Value ₹ 12.2
- Dividend Yield 0.00 %
- ROCE 5.18 %
- ROE -1.15 %
- Face Value ₹ 1.00
Pros
Cons
- Stock is trading at 10.4 times its book value
- Company has low interest coverage ratio.
- Company has a low return on equity of -14.9% 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.
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 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 807 | 881 | 1,071 | 1,228 | 999 | 1,853 | 2,774 | 3,116 | 3,349 | 3,573 | 3,654 | |
| 819 | 776 | 1,031 | 1,021 | 836 | 1,462 | 2,182 | 2,516 | 2,722 | 2,970 | 3,051 | |
| Operating Profit | -11 | 104 | 40 | 207 | 163 | 391 | 592 | 601 | 628 | 602 | 603 |
| OPM % | -1.4% | 12% | 3.7% | 17% | 16% | 21% | 21% | 19% | 19% | 17% | 16% |
| 11 | 17 | 9 | -47 | 91 | 14 | 34 | -79 | 48 | 36 | 45 | |
| Interest | 16 | 19 | 30 | 120 | 128 | 107 | 136 | 173 | 222 | 227 | 229 |
| Depreciation | 56 | 48 | 56 | 175 | 191 | 185 | 257 | 341 | 426 | 461 | 465 |
| Profit before tax | -73 | 55 | -38 | -135 | -65 | 112 | 233 | 8 | 27 | -50 | -46 |
| Tax % | 0% | 0% | 0% | 0% | 0% | -37% | -12% | 184% | 12% | -33% | |
| -73 | 55 | -38 | -135 | -65 | 153 | 260 | -6 | 24 | -33 | -31 | |
| EPS in Rs | -6.84 | 5.15 | -3.57 | -12.72 | -0.57 | 1.27 | 2.16 | -0.05 | 0.20 | -0.27 | -0.25 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 29% |
| 3 Years: | 9% |
| TTM: | 7% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 13% |
| 3 Years: | % |
| TTM: | -482% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | 2% |
| 3 Years: | -17% |
| 1 Year: | -24% |
| Return on Equity | |
|---|---|
| 10 Years: | -6% |
| 5 Years: | -2% |
| 3 Years: | -15% |
| Last Year: | -1% |
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 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 106 | 106 | 106 | 106 | 115 | 120 | 120 | 121 | 121 | 123 |
| Reserves | 149 | 203 | 165 | -90 | 184 | 773 | 964 | 968 | 983 | 1,382 |
| 190 | 252 | 322 | 437 | 1,081 | 1,007 | 1,410 | 2,115 | 2,373 | 2,666 | |
| 121 | 139 | 218 | 1,067 | 218 | 268 | 407 | 439 | 488 | 621 | |
| Total Liabilities | 567 | 701 | 811 | 1,519 | 1,597 | 2,168 | 2,903 | 3,643 | 3,964 | 4,792 |
| 278 | 335 | 399 | 1,129 | 1,209 | 1,552 | 2,268 | 2,774 | 3,069 | 3,178 | |
| CWIP | 6 | 3 | 5 | 6 | 7 | 1 | 7 | 7 | 3 | 8 |
| Investments | 122 | 158 | 133 | 98 | 88 | 110 | 84 | 355 | 356 | 921 |
| 162 | 204 | 273 | 285 | 294 | 505 | 543 | 506 | 536 | 685 | |
| Total Assets | 567 | 701 | 811 | 1,519 | 1,597 | 2,168 | 2,903 | 3,643 | 3,964 | 4,792 |
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 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 54 | 105 | 75 | 241 | 158 | 385 | 595 | 587 | 662 | 707 | |
| -65 | -156 | -184 | -116 | -302 | -363 | -305 | -737 | -323 | -510 | |
| 1 | 43 | 105 | -139 | 170 | -10 | -279 | 109 | -327 | -204 | |
| Net Cash Flow | -11 | -8 | -4 | -14 | 26 | 12 | 10 | -42 | 12 | -6 |
| Free Cash Flow | -7 | 20 | -55 | 155 | 34 | 114 | 212 | 189 | 321 | 407 |
| CFO/OP | -456% | 101% | 184% | 117% | 97% | 101% | 107% | 101% | 105% | 119% |
Ratios
Standalone / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 11 | 12 | 15 | 10 | 14 | 6 | 4 | 5 | 6 | 5 |
| Inventory Days | 38 | 36 | 41 | 50 | 65 | 50 | 52 | 34 | 41 | 38 |
| Days Payable | 101 | 111 | 109 | 121 | 154 | 107 | 93 | 97 | 112 | 133 |
| Cash Conversion Cycle | -52 | -64 | -54 | -61 | -75 | -51 | -38 | -57 | -64 | -90 |
| Working Capital Days | -13 | -20 | -49 | -101 | -72 | -11 | -36 | -43 | -50 | -65 |
| ROCE % | 14% | -1% | 11% | 2% | 14% | 17% | 10% | 8% | 5% |
Insights
In beta| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| KFC India ADS INR '000 per store per day |
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| Pizza Hut India ADS INR '000 per store per day |
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| Pizza Hut India Store Count stores |
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| Total DIL Store Count stores |
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| KFC India On-Premise Sales Mix % |
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| KFC India SSSG % |
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| KFC India Store Count stores |
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| Pizza Hut India SSSG % |
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Extracted by Screener AI
Documents
Announcements
- Closure of Trading Window
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
- Participation of representatives of the Company in Event/Conference
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Disclosure Under The SEBI (LODR) Regulations, 2015
- Voluntary ESG rating of 63 assigned to Devyani International by Niche Ninety Nine.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
- Participation of representatives of the Company in Event/ Conference
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
- Participation of representatives of the Company in Event/Conference
Annual reports
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Annual Report 2026
from bse
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Annual Report 2025
from bse
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Annual Report 2024
from bse
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Annual Report 2023
from bse
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Annual Report 2022
from bse
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Annual Report 2022
from nse
Concalls
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Aug 2026Transcript PPT REC
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May 2026Transcript PPT REC
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Feb 2026Transcript PPT
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Jan 2026Transcript PPT REC
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Nov 2025Transcript PPT REC
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Aug 2025Transcript PPT
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May 2025Transcript PPT
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Apr 2025PPT
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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 2023PPT
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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 2022PPT
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Nov 2021PPT
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]