Devyani International Ltd

Devyani International Ltd

₹ 134 -1.33%
01 Dec 4:01 p.m.
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 16,501 Cr.
  • Current Price 134
  • High / Low 210 / 130
  • Stock P/E
  • Book Value 12.6
  • Dividend Yield 0.00 %
  • ROCE 6.42 %
  • ROE 0.54 %
  • Face Value 1.00

Pros

Cons

  • Stock is trading at 10.6 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 6.35% 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.

Loading peers table ...

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

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
747 791 755 847 819 843 1,047 1,222 1,222 1,294 1,213 1,357 1,377
581 617 604 721 665 697 917 1,006 1,026 1,081 1,027 1,151 1,185
Operating Profit 166 174 151 126 154 146 130 216 196 213 186 206 192
OPM % 22% 22% 20% 15% 19% 17% 12% 18% 16% 16% 15% 15% 14%
-7 -1 11 7 -7 5 14 10 5 9 13 13 3
Interest 35 38 42 40 42 48 57 63 65 67 70 67 69
Depreciation 66 71 78 80 86 93 126 132 139 147 152 150 155
Profit before tax 59 65 41 13 19 10 -38 31 -4 9 -22 3 -29
Tax % 3% -10% -45% 112% -88% 48% 29% 27% 26% 190% -25% 19% -18%
57 71 60 -2 36 5 -49 22 -5 -8 -17 2 -24
EPS in Rs 0.49 0.59 0.50 0.10 0.28 0.08 -0.06 0.25 0.00 -0.00 -0.12 0.03 -0.18
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
1,012 1,048 1,111 1,311 1,516 1,135 2,084 2,998 3,556 4,951 5,241
1,013 1,008 1,015 1,106 1,254 945 1,608 2,341 2,991 4,112 4,444
Operating Profit -1 39 96 205 262 189 476 657 565 839 797
OPM % -0% 4% 9% 16% 17% 17% 23% 22% 16% 17% 15%
-0 8 23 42 2 131 -3 12 18 33 38
Interest 43 88 34 137 161 155 129 149 189 267 272
Depreciation 85 137 55 203 223 229 221 278 391 592 603
Profit before tax -129 -178 30 -93 -120 -64 123 242 4 13 -40
Tax % 1% 1% -3% 1% 2% -2% -26% -9% 363% 154%
-130 -180 31 -94 -121 -63 155 263 -10 -7 -46
EPS in Rs -11.98 -11.31 4.33 -7.46 -11.46 -0.48 1.30 2.20 0.39 0.08 -0.27
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: 27%
3 Years: 33%
TTM: 21%
Compounded Profit Growth
10 Years: %
5 Years: 15%
3 Years: -68%
TTM: -196%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: -11%
1 Year: -19%
Return on Equity
10 Years: %
5 Years: %
3 Years: 6%
Last Year: 1%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Sep 2025
Equity Capital 106 106 106 106 106 115 120 120 121 121 123
Reserves 70 -19 33 -176 -295 -2 566 850 935 974 1,430
348 306 371 488 1,832 1,336 1,254 1,565 2,906 3,188 3,343
196 202 218 1,390 240 219 322 450 971 1,057 1,310
Total Liabilities 720 596 728 1,807 1,884 1,668 2,263 2,985 4,932 5,339 6,207
491 406 445 1,578 1,635 1,392 1,756 2,427 4,216 4,622 5,480
CWIP 38 15 56 12 14 14 7 15 11 3 8
Investments 0 0 0 0 0 0 0 0 0 1 3
192 174 226 218 235 262 500 543 705 712 716
Total Assets 720 596 728 1,807 1,884 1,668 2,263 2,985 4,932 5,339 6,207

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
90 91 278 301 240 451 637 766 900
-67 -140 -165 -91 -355 -375 -349 -1,551 -461
-32 56 -130 -223 142 -58 -283 889 -425
Net Cash Flow -9 7 -18 -13 27 17 5 105 14

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 5 6 6 6 4 5 4 4 5 3
Inventory Days 45 39 48 52 57 66 52 52 45 35
Days Payable 127 129 139 128 129 171 119 98 130 105
Cash Conversion Cycle -77 -85 -84 -70 -68 -100 -64 -42 -79 -66
Working Capital Days -31 -70 -65 -95 -108 -95 -26 -37 -65 -60
ROCE % -19% 15% 7% 6% 2% 16% 18% 6% 6%

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.

Documents