Devyani International Ltd

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

Devyani International Ltd

₹ 170 -1.54%
12 Dec - close price
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

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]

Website BSE NSE
  • Market Cap ₹ 20,470 Cr.
  • Current Price ₹ 170
  • High / Low ₹ 223 / 142
  • Stock P/E 1,355
  • Book Value ₹ 9.66
  • Dividend Yield 0.00 %
  • ROCE 8.73 %
  • ROE 4.92 %
  • Face Value ₹ 1.00
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Pros

  • Company is expected to give good quarter

Cons

  • Stock is trading at 17.6 times its book value
  • Company has low interest coverage ratio.

* 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

Part of Nifty 500 Multicap 50:25:25 Nifty Smallcap 250 BSE 400 MidSmallCap Index BSE 250 LargeMidCap Index Nifty MidSmallcap 400

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
516.08 624.43 590.75 704.72 747.43 790.60 754.98 846.63 819.47 843.13 1,047.08 1,221.90 1,222.16
387.97 476.60 451.08 540.03 581.04 616.66 604.37 720.52 665.04 696.84 916.83 1,006.08 1,026.46
Operating Profit 128.11 147.83 139.67 164.69 166.39 173.94 150.61 126.11 154.43 146.29 130.25 215.82 195.70
OPM % 24.82% 23.67% 23.64% 23.37% 22.26% 22.00% 19.95% 14.90% 18.85% 17.35% 12.44% 17.66% 16.01%
4.48 4.51 -0.27 9.00 -6.78 -0.71 11.02 6.82 -7.41 4.61 14.34 9.91 4.84
Interest 32.79 29.64 32.16 32.82 34.81 37.81 42.04 40.37 41.66 48.24 56.67 62.99 65.33
Depreciation 52.63 55.76 64.76 63.73 66.05 70.63 78.36 79.60 86.34 92.98 125.90 132.22 139.12
Profit before tax 47.17 66.94 42.48 77.14 58.75 64.79 41.23 12.96 19.02 9.68 -37.98 30.52 -3.91
Tax % 1.23% 1.40% -78.77% 3.07% 3.29% -9.63% -45.23% 112.27% -88.38% 47.73% 28.86% 26.51% 25.83%
46.59 66.00 75.94 74.77 56.83 71.04 59.88 -1.59 35.82 5.07 -48.96 22.43 -4.92
EPS in Rs 0.38 0.52 0.63 0.61 0.49 0.59 0.50 0.10 0.28 0.08 -0.06 0.25 0.00
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 TTM
1,012 1,048 1,111 1,311 1,516 1,135 2,084 2,998 3,556 4,334
1,013 1,008 1,015 1,106 1,254 945 1,608 2,341 2,902 3,646
Operating Profit -1 39 96 205 262 189 476 657 654 688
OPM % -0% 4% 9% 16% 17% 17% 23% 22% 18% 16%
-0 8 23 42 2 131 -3 12 -71 34
Interest 43 88 34 137 161 155 129 149 189 233
Depreciation 85 137 55 203 223 229 221 278 391 490
Profit before tax -129 -178 30 -93 -120 -64 123 242 4 -2
Tax % 1% 1% -3% 1% 2% -2% -26% -9% 363%
-130 -180 31 -94 -121 -63 155 263 -10 -26
EPS in Rs -11.98 -11.31 4.33 -7.46 -11.46 -0.48 1.30 2.20 0.39 0.27
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: 22%
3 Years: 46%
TTM: 35%
Compounded Profit Growth
10 Years: %
5 Years: 20%
3 Years: 36%
TTM: -92%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: -3%
1 Year: -7%
Return on Equity
10 Years: %
5 Years: %
3 Years: 22%
Last Year: 5%

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 Sep 2024
Equity Capital 106 106 106 106 106 115 120 120 121 121
Reserves 70 -19 33 -176 -295 -2 566 850 935 1,045
348 306 371 488 1,832 1,336 1,254 1,565 2,906 3,099
196 202 218 1,390 240 219 322 450 971 1,067
Total Liabilities 720 596 728 1,807 1,884 1,668 2,263 2,985 4,932 5,332
491 406 445 1,578 1,635 1,392 1,756 2,427 4,216 4,561
CWIP 38 15 56 12 14 14 7 15 11 10
Investments 0 0 0 0 0 0 0 0 0 0
192 174 226 218 235 262 500 543 705 761
Total Assets 720 596 728 1,807 1,884 1,668 2,263 2,985 4,932 5,332

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
90 91 278 301 240 451 637 592
-67 -140 -165 -91 -355 -375 -349 -1,377
-32 56 -130 -223 142 -58 -283 889
Net Cash Flow -9 7 -18 -13 27 17 5 105

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
Debtor Days 5 6 6 6 4 5 4 4 5
Inventory Days 45 39 48 52 57 66 52 52 45
Days Payable 127 129 139 128 129 171 119 98 130
Cash Conversion Cycle -77 -85 -84 -70 -68 -100 -64 -42 -79
Working Capital Days -31 -67 -51 -46 -60 -63 -6 -25 -29
ROCE % -19% 15% 7% 6% 2% 16% 18% 9%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
62.91% 62.80% 62.80% 62.80% 62.80% 62.78% 62.76% 62.74% 62.74% 62.74% 62.73% 62.72%
7.82% 6.90% 6.87% 8.30% 8.82% 9.77% 12.05% 13.34% 12.47% 12.44% 11.68% 11.17%
4.92% 5.75% 6.26% 7.47% 7.88% 9.66% 8.74% 8.23% 8.52% 12.20% 14.19% 15.38%
24.35% 24.55% 24.07% 21.43% 20.51% 17.78% 16.46% 15.69% 16.27% 12.64% 11.41% 10.73%
No. of Shareholders 2,53,8982,73,6462,70,7112,96,1922,95,3333,06,3552,71,6892,64,7142,95,9033,34,0753,01,3762,68,125

* 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.

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Documents

Announcements

Annual reports

DRHP

Concalls