Devyani International Ltd

Devyani Intl. Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Devyani International Ltd

₹ 167 -0.92%
29 Apr 11:04 a.m.
dil-rjcorp.com BSE: 543330 NSE : DEVYANI
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

Part of RJ Corporation [1]
Devyani International Ltd is part of RJ Corporation started by Ravi Kant Jaipuria in 1991. RJ Corp is a powerhouse multinational with thriving businesses in beverages(Varun Beverages) fast-food restaurants(KFC, Pizza Hut, Costa Coffee) retail, ice-cream, Livestock (Cream bell, Daima) healthcare (Medanta Afri care) and education with a presence across 26 Nations through its subsidiaries.

Website BSE NSE
  • Market Cap ₹ 20,154 Cr.
  • Current Price ₹ 167
  • High / Low ₹ 228 / 142
  • Stock P/E 134
  • Book Value ₹ 9.73
  • Dividend Yield 0.00 %
  • ROCE 15.5 %
  • ROE 24.1 %
  • Face Value ₹ 1.00
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Pros

  • Company has delivered good profit growth of 35.3% CAGR over last 5 years

Cons

  • Stock is trading at 17.2 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has low interest coverage ratio.
  • Tax rate seems low

* 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

Standalone Figures in Rs. Crores / View Consolidated

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
335 386 311 460 552 530 634 693 729 667 790 779 796
252 286 270 353 431 412 491 541 575 547 632 640 647
Operating Profit 82 100 41 108 122 118 143 151 154 120 158 139 149
OPM % 25% 26% 13% 23% 22% 22% 23% 22% 21% 18% 20% 18% 19%
59 -19 5 4 3 3 7 6 9 12 7 8 5
Interest 34 27 27 28 24 27 28 34 36 34 38 40 44
Depreciation 40 48 39 43 47 56 55 61 65 67 75 83 89
Profit before tax 67 7 -20 40 54 38 68 62 62 31 53 24 22
Tax % -0% -0% -0% -0% -0% -109% -0% 1% -14% -70% 25% -71% 17%
67 7 -20 40 54 79 68 62 71 52 40 41 18
EPS in Rs 6.05 0.06 -0.17 0.34 0.45 0.65 0.56 0.51 0.59 0.43 0.33 0.34 0.15
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 TTM
807 881 1,071 1,228 999 1,853 2,668 3,032
819 776 1,031 1,021 836 1,462 2,123 2,466
Operating Profit -11 104 40 207 163 391 545 566
OPM % -1% 12% 4% 17% 16% 21% 20% 19%
11 17 9 -47 91 14 32 32
Interest 16 19 30 120 128 107 125 155
Depreciation 56 48 56 175 191 185 239 314
Profit before tax -73 55 -38 -135 -65 112 214 129
Tax % -0% -0% -0% -0% -0% -37% -15%
-73 55 -38 -135 -65 153 246 151
EPS in Rs -6.84 5.15 -3.57 -12.72 -0.57 1.27 2.04 1.25
Dividend Payout % -0% -0% -0% -0% -0% -0% -0%
Compounded Sales Growth
10 Years: %
5 Years: 25%
3 Years: 30%
TTM: 17%
Compounded Profit Growth
10 Years: %
5 Years: 35%
3 Years: 57%
TTM: -46%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: 4%
Return on Equity
10 Years: %
5 Years: 6%
3 Years: 17%
Last Year: 24%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 106 106 106 106 115 120 120 121
Reserves 149 203 165 -90 184 773 1,032 1,053
190 252 322 437 1,081 1,007 1,312 1,651
121 139 218 1,067 218 268 396 279
Total Liabilities 567 701 811 1,519 1,597 2,168 2,860 3,104
278 335 399 1,129 1,209 1,552 2,204 2,457
CWIP 6 3 5 6 7 1 7 7
Investments 122 158 133 98 88 110 111 87
162 204 273 285 294 505 538 553
Total Assets 567 701 811 1,519 1,597 2,168 2,860 3,104

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
54 105 75 241 158 385 554
-65 -156 -184 -116 -302 -363 -302
1 43 105 -139 170 -10 -243
Net Cash Flow -11 -8 -4 -14 26 12 9

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 11 12 15 10 14 6 4
Inventory Days 38 36 41 50 65 50 52
Days Payable 101 111 109 121 154 107 92
Cash Conversion Cycle -52 -64 -54 -61 -75 -51 -36
Working Capital Days -13 -20 -32 -78 -24 3 -23
ROCE % 14% -1% 11% 2% 14% 16%

Shareholding Pattern

Numbers in percentages

15 Recently
Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
62.91% 62.91% 62.80% 62.80% 62.80% 62.80% 62.78% 62.76% 62.74% 62.74% 62.74%
7.86% 7.82% 6.90% 6.87% 8.30% 8.82% 9.77% 12.05% 13.34% 12.47% 12.44%
4.82% 4.92% 5.75% 6.26% 7.47% 7.88% 9.66% 8.74% 8.23% 8.52% 12.20%
24.40% 24.35% 24.55% 24.07% 21.43% 20.51% 17.78% 16.46% 15.69% 16.27% 12.64%
No. of Shareholders 2,49,3752,53,8982,73,6462,70,7112,96,1922,95,3333,06,3552,71,6892,64,7142,95,9033,34,075

* 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.

Documents

Announcements

Annual reports

DRHP

Concalls