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 ₹ 20,932 Cr.
- Current Price ₹ 173
- High / Low ₹ 223 / 130
- Stock P/E
- Book Value ₹ 9.07
- Dividend Yield 0.00 %
- ROCE 6.28 %
- ROE -0.64 %
- Face Value ₹ 1.00
Pros
- Company is expected to give good quarter
Cons
- Stock is trading at 19.1 times its book value
- Company has low interest coverage ratio.
- Company has a low return on equity of 11.1% 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
Consumer Discretionary Consumer Services Leisure Services Restaurants
Part of BSE 500 Nifty 500 BSE SmallCap Nifty Smallcap 100 BSE Allcap
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
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 | |
---|---|---|---|---|---|---|---|---|---|---|
1,012 | 1,048 | 1,111 | 1,311 | 1,516 | 1,135 | 2,084 | 2,998 | 3,556 | 4,951 | |
1,013 | 1,008 | 1,015 | 1,106 | 1,254 | 945 | 1,608 | 2,341 | 2,902 | 4,141 | |
Operating Profit | -1 | 39 | 96 | 205 | 262 | 189 | 476 | 657 | 654 | 810 |
OPM % | -0% | 4% | 9% | 16% | 17% | 17% | 23% | 22% | 18% | 16% |
-0 | 8 | 23 | 42 | 2 | 131 | -3 | 12 | -71 | 37 | |
Interest | 43 | 88 | 34 | 137 | 161 | 155 | 129 | 149 | 189 | 265 |
Depreciation | 85 | 137 | 55 | 203 | 223 | 229 | 221 | 278 | 391 | 570 |
Profit before tax | -129 | -178 | 30 | -93 | -120 | -64 | 123 | 242 | 4 | 13 |
Tax % | 1% | 1% | -3% | 1% | 2% | -2% | -26% | -9% | 363% | 154% |
-130 | -180 | 31 | -94 | -121 | -63 | 155 | 263 | -10 | -7 | |
EPS in Rs | -11.98 | -11.31 | 4.33 | -7.46 | -11.46 | -0.48 | 1.30 | 2.20 | 0.39 | 0.08 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 27% |
3 Years: | 33% |
TTM: | 39% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 14% |
3 Years: | % |
TTM: | -114% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 2% |
1 Year: | -1% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 11% |
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 | |
---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 106 | 106 | 106 | 106 | 106 | 115 | 120 | 120 | 121 | 121 |
Reserves | 70 | -19 | 33 | -176 | -295 | -2 | 566 | 850 | 935 | 974 |
348 | 306 | 371 | 488 | 1,832 | 1,336 | 1,254 | 1,565 | 2,906 | 3,188 | |
196 | 202 | 218 | 1,390 | 240 | 219 | 322 | 450 | 971 | 1,057 | |
Total Liabilities | 720 | 596 | 728 | 1,807 | 1,884 | 1,668 | 2,263 | 2,985 | 4,932 | 5,339 |
491 | 406 | 445 | 1,578 | 1,635 | 1,392 | 1,756 | 2,427 | 4,216 | 4,622 | |
CWIP | 38 | 15 | 56 | 12 | 14 | 14 | 7 | 15 | 11 | 3 |
Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 |
192 | 174 | 226 | 218 | 235 | 262 | 500 | 543 | 705 | 712 | |
Total Assets | 720 | 596 | 728 | 1,807 | 1,884 | 1,668 | 2,263 | 2,985 | 4,932 | 5,339 |
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 | 592 | 900 | ||
-67 | -140 | -165 | -91 | -355 | -375 | -349 | -1,377 | -462 | ||
-32 | 56 | -130 | -223 | 142 | -58 | -283 | 889 | -425 | ||
Net Cash Flow | -9 | 7 | -18 | -13 | 27 | 17 | 5 | 105 | 13 |
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 | -67 | -51 | -46 | -60 | -63 | -6 | -25 | -29 | -28 |
ROCE % | -19% | 15% | 7% | 6% | 2% | 16% | 18% | 9% | 6% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
2 Jun - Devyani to participate in J.P. Morgan India Consumer C-Suite Access Days on June 10, 2025.
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
30 May - FY25 revenue Rs.4,951 Cr (+39%), 2,039 stores, acquired Sky Gate Hospitality for Rs.519 Cr.
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Compliances-Reg.24(A)-Annual Secretarial Compliance
29 May - Annual Secretarial Compliance Report FY25; minor fine Rs.10,000 for delayed director re-appointment approval.
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Disclosure Under Regulation 30 Of The SEBI (LODR) Regulations, 2015
28 May - Clarification on valuation and beneficial owners for 2.37 crore preferential shares allotment.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
24 May - Newspaper Publication of Audited Financial Results for the Quarter and Financial Year ended March 31, 2025
Annual reports
Concalls
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May 2025Transcript PPT
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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]