Devyani International Ltd

Devyani International Ltd

₹ 113 1.40%
03 Jun - 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 13,979 Cr.
  • Current Price 113
  • High / Low 191 / 91.6
  • Stock P/E
  • Book Value 12.5
  • Dividend Yield 0.00 %
  • ROCE 4.66 %
  • ROE -1.67 %
  • Face Value 1.00

Pros

Cons

  • Stock is trading at 9.07 times its book value
  • Company has low interest coverage ratio.
  • Company has a low return on equity of -3.52% over last 3 years.
  • Company might be capitalizing the interest cost

* 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

Consolidated Figures in Rs. Crores / View Standalone

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
754.98 846.63 819.47 843.13 1,047.08 1,221.90 1,222.16 1,294.40 1,212.59 1,356.97 1,376.75 1,440.90 1,436.86
604.37 720.52 665.04 696.84 916.83 1,006.08 1,026.46 1,081.19 1,026.82 1,151.09 1,184.64 1,209.97 1,216.56
Operating Profit 150.61 126.11 154.43 146.29 130.25 215.82 195.70 213.21 185.77 205.88 192.11 230.93 220.30
OPM % 19.95% 14.90% 18.85% 17.35% 12.44% 17.66% 16.01% 16.47% 15.32% 15.17% 13.95% 16.03% 15.33%
11.02 6.82 -7.41 4.61 14.34 9.91 4.84 9.05 13.19 13.32 2.76 -10.16 17.70
Interest 42.04 40.37 41.66 48.24 56.67 62.99 65.33 66.98 69.53 66.78 68.84 70.02 70.10
Depreciation 78.36 79.60 86.34 92.98 125.90 132.22 139.12 146.76 151.78 149.68 155.18 166.65 182.48
Profit before tax 41.23 12.96 19.02 9.68 -37.98 30.52 -3.91 8.52 -22.35 2.74 -29.15 -15.90 -14.58
Tax % -45.23% 112.27% -88.38% 47.73% 28.86% 26.51% 25.83% 189.67% -25.01% 18.61% -17.84% -30.94% -32.44%
59.88 -1.59 35.82 5.07 -48.96 22.43 -4.92 -7.64 -16.77 2.23 -23.95 -10.98 -9.84
EPS in Rs 0.50 0.10 0.28 0.08 -0.06 0.25 0.00 -0.00 -0.12 0.03 -0.18 -0.08 -0.08
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 Mar 2026
1,012 1,048 1,111 1,311 1,516 1,135 2,084 2,998 3,556 4,951 5,611
1,013 1,008 1,015 1,106 1,254 945 1,608 2,341 2,991 4,112 4,762
Operating Profit -1 39 96 205 262 189 476 657 565 839 849
OPM % -0% 4% 9% 16% 17% 17% 23% 22% 16% 17% 15%
-0 8 23 42 2 131 -3 12 18 33 24
Interest 43 88 34 137 161 155 129 149 189 267 276
Depreciation 85 137 55 203 223 229 221 278 391 592 654
Profit before tax -129 -178 30 -93 -120 -64 123 242 4 13 -57
Tax % 1% 1% -3% 1% 2% -2% -26% -9% 363% 154% -25%
-130 -180 31 -94 -121 -63 155 263 -10 -7 -43
EPS in Rs -11.98 -11.31 4.33 -7.46 -11.46 -0.48 1.30 2.20 0.39 0.08 -0.31
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 19%
5 Years: 38%
3 Years: 23%
TTM: 13%
Compounded Profit Growth
10 Years: 6%
5 Years: 12%
3 Years: %
TTM: -479%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: -15%
1 Year: -32%
Return on Equity
10 Years: %
5 Years: 7%
3 Years: -4%
Last Year: -2%

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 Mar 2026
Equity Capital 106 106 106 106 106 115 120 120 121 121 123
Reserves 70 -19 33 -176 -295 -2 566 850 935 974 1,419
348 306 371 488 1,832 1,336 1,254 1,565 2,906 3,188 3,833
196 202 218 1,390 240 219 322 450 971 1,057 1,375
Total Liabilities 720 596 728 1,807 1,884 1,668 2,263 2,985 4,932 5,339 6,750
491 406 445 1,578 1,635 1,392 1,756 2,427 4,216 4,622 5,686
CWIP 38 15 56 12 14 14 7 15 11 3 8
Investments 0 0 0 0 0 0 0 0 0 1 2
192 174 226 218 235 262 500 543 705 712 1,054
Total Assets 720 596 728 1,807 1,884 1,668 2,263 2,985 4,932 5,339 6,750

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 Mar 2026
90 91 278 301 240 451 637 766 900 919
-67 -140 -165 -91 -355 -375 -349 -1,551 -461 -440
-32 56 -130 -223 142 -58 -283 889 -425 -197
Net Cash Flow -9 7 -18 -13 27 17 5 105 14 282
Free Cash Flow 21 -49 137 202 107 158 213 305 418 478
CFO/OP 232% 99% 136% 115% 126% 97% 104% 140% 107% 108%

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 Mar 2026
Debtor Days 5 6 6 6 4 5 4 4 5 3 4
Inventory Days 45 39 48 52 57 66 52 52 45 35 34
Days Payable 127 129 139 128 129 171 119 98 130 105 127
Cash Conversion Cycle -77 -85 -84 -70 -68 -100 -64 -42 -79 -66 -89
Working Capital Days -31 -70 -65 -95 -108 -95 -26 -37 -65 -60 -85
ROCE % -19% 15% 7% 6% 2% 16% 18% 6% 6% 5%

Insights

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Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Average Daily Sales (ADS) - KFC India
INR '000 ・Standalone data

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Average Daily Sales (ADS) - Pizza Hut India
INR '000 ・Standalone data
KFC India Store Count
Number ・Standalone data
Pizza Hut India Store Count
Number ・Standalone data
Same Store Sales Growth (SSSG) - Pizza Hut India
% ・Standalone data
Total Store Count (Consolidated)
Number

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

2 Recently
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
62.76% 62.74% 62.74% 62.74% 62.73% 62.72% 62.72% 62.72% 62.62% 61.41% 61.37% 61.37%
12.05% 13.34% 12.47% 12.44% 11.68% 11.17% 11.17% 10.46% 9.42% 6.55% 5.77% 6.13%
8.74% 8.23% 8.52% 12.20% 14.19% 15.38% 15.46% 16.87% 18.09% 19.76% 19.44% 19.33%
16.46% 15.69% 16.27% 12.64% 11.41% 10.73% 10.65% 9.95% 9.86% 12.29% 13.42% 13.17%
No. of Shareholders 2,71,6892,64,7142,95,9033,34,0753,01,3762,68,1252,65,1842,56,3792,45,8272,38,1902,43,3632,52,963

* 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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