Jubilant Foodworks Ltd
Jubilant FoodWorks Limited (JFL/Company) is part of the Jubilant Bhartia Group and is one of the India’s largest food service Company. The Company holds the master franchise rights for two international brands, Domino’s Pizza and Dunkin' Donuts addressing two different food market segments and now has Popeyes in its food segment. The Company also launched its first homegrown brand – Hong’s Kitchen in Chinese cuisine segment. [1]
- Market Cap ₹ 28,746 Cr.
- Current Price ₹ 436
- High / Low ₹ 587 / 421
- Stock P/E 130
- Book Value ₹ 31.6
- Dividend Yield 0.28 %
- ROCE 16.2 %
- ROE 18.1 %
- Face Value ₹ 2.00
Pros
- Company has been maintaining a healthy dividend payout of 25.1%
Cons
- Stock is trading at 13.8 times its book value
- The company has delivered a poor sales growth of 11.3% over past five 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
Sector: Quick Service Restaurant Industry: Hotels
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
1,019 | 1,414 | 1,736 | 2,093 | 2,438 | 2,583 | 3,018 | 3,563 | 3,927 | 3,312 | 4,396 | 5,158 | 5,351 | |
828 | 1,171 | 1,486 | 1,836 | 2,173 | 2,339 | 2,576 | 2,961 | 3,045 | 2,532 | 3,290 | 4,022 | 4,341 | |
Operating Profit | 191 | 243 | 250 | 256 | 265 | 245 | 442 | 603 | 883 | 780 | 1,106 | 1,136 | 1,010 |
OPM % | 19% | 17% | 14% | 12% | 11% | 9% | 15% | 17% | 22% | 24% | 25% | 22% | 19% |
-1 | 6 | 9 | 6 | 10 | -1 | 21 | 44 | 38 | 64 | 26 | 40 | 91 | |
Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 165 | 163 | 176 | 201 | 226 |
Depreciation | 38 | 56 | 79 | 101 | 128 | 155 | 160 | 157 | 352 | 375 | 393 | 486 | 561 |
Profit before tax | 152 | 194 | 180 | 161 | 147 | 88 | 303 | 490 | 403 | 306 | 563 | 489 | 314 |
Tax % | 32% | 32% | 34% | 31% | 34% | 35% | 35% | 35% | 31% | 25% | 26% | 28% | |
103 | 131 | 118 | 111 | 97 | 58 | 196 | 318 | 279 | 231 | 418 | 353 | 220 | |
EPS in Rs | 1.59 | 2.01 | 1.81 | 1.69 | 1.47 | 0.88 | 2.97 | 4.85 | 4.24 | 3.51 | 6.37 | 5.35 | 3.34 |
Dividend Payout % | 0% | 0% | 0% | 15% | 17% | 29% | 17% | 21% | 28% | 34% | 19% | 22% |
Compounded Sales Growth | |
---|---|
10 Years: | 14% |
5 Years: | 11% |
3 Years: | 10% |
TTM: | 6% |
Compounded Profit Growth | |
---|---|
10 Years: | 11% |
5 Years: | 13% |
3 Years: | 6% |
TTM: | -48% |
Stock Price CAGR | |
---|---|
10 Years: | 16% |
5 Years: | 10% |
3 Years: | -8% |
1 Year: | -2% |
Return on Equity | |
---|---|
10 Years: | 21% |
5 Years: | 23% |
3 Years: | 21% |
Last Year: | 18% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 65 | 65 | 65 | 66 | 66 | 66 | 66 | 132 | 132 | 132 | 132 | 132 | 132 |
Reserves | 231 | 364 | 485 | 581 | 696 | 739 | 902 | 1,128 | 990 | 1,295 | 1,813 | 1,906 | 1,955 |
0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,670 | 1,620 | 2,106 | 2,554 | 2,608 | |
171 | 222 | 312 | 429 | 460 | 485 | 529 | 596 | 578 | 720 | 731 | 791 | 839 | |
Total Liabilities | 467 | 652 | 862 | 1,075 | 1,222 | 1,291 | 1,497 | 1,856 | 3,370 | 3,767 | 4,782 | 5,382 | 5,535 |
254 | 395 | 546 | 737 | 828 | 800 | 789 | 809 | 2,189 | 2,146 | 2,737 | 3,488 | 3,653 | |
CWIP | 14 | 10 | 20 | 20 | 26 | 61 | 14 | 16 | 41 | 29 | 47 | 184 | 290 |
Investments | 92 | 94 | 94 | 75 | 91 | 94 | 263 | 181 | 51 | 517 | 927 | 822 | 731 |
107 | 153 | 202 | 243 | 277 | 336 | 430 | 850 | 1,089 | 1,076 | 1,072 | 888 | 861 | |
Total Assets | 467 | 652 | 862 | 1,075 | 1,222 | 1,291 | 1,497 | 1,856 | 3,370 | 3,767 | 4,782 | 5,382 | 5,535 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
167 | 209 | 225 | 276 | 212 | 204 | 409 | 424 | 728 | 751 | 930 | 1,026 | |
-167 | -191 | -233 | -262 | -200 | -188 | -332 | -457 | -99 | -602 | -654 | -595 | |
2 | 1 | 1 | 1 | -18 | -15 | -35 | -17 | -461 | -289 | -307 | -426 | |
Net Cash Flow | 2 | 20 | -6 | 15 | -6 | 0 | 42 | -51 | 168 | -140 | -31 | 5 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 3 | 2 | 2 | 2 | 2 |
Inventory Days | 26 | 24 | 27 | 30 | 35 | 35 | 31 | 32 | 35 | 67 | 59 | 52 |
Days Payable | 153 | 131 | 140 | 168 | 186 | 182 | 185 | 173 | 166 | 268 | 198 | 164 |
Cash Conversion Cycle | -124 | -105 | -111 | -136 | -150 | -144 | -153 | -139 | -129 | -199 | -137 | -110 |
Working Capital Days | -43 | -40 | -41 | -49 | -43 | -43 | -44 | -42 | -39 | -54 | -38 | -34 |
ROCE % | 65% | 54% | 37% | 27% | 21% | 13% | 34% | 44% | 30% | 16% | 21% | 16% |
Documents
Announcements
- Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011 16 Apr
- Submission Of Certificate From Practicing Company Secretary Under Regulation 40(9) Of SEBI LODR) Regulations ('Listing Regulations') 15 Apr
- Compliance Certificate Pursuant To Regulation 7(3) Of SEBI (Listing Obligations And Djsclosure Regujrements)Regulatjons, 2015 ("Listing Regu!Atjons") 9 Apr
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Announcement under Regulation 30 (LODR)-Updates on Acquisition
29 Mar - On Acquisition of stake in O2 Renewable Energy XVI Private Limited. Details as per attached letter.
- Disclosures under Reg. 31(1) and 31(2) of SEBI (SAST) Regulations, 2011. 27 Mar
Annual reports
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Financial Year 2023
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Financial Year 2022
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2013
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Financial Year 2012
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Financial Year 2012
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Concalls
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Exclusive right for Dominos Brand
Since 1996, company holds exclusive master franchise rights from Domino's Pizza Inc. to operate the Domino's Pizza brand in India, Bangladesh, Nepal and Bhutan. It is the largest franchisee of Domino's brand outside the USA. It has also been granted exclusive rights of domino's brand for Sri Lanka, Bangladesh & Nepal. [1]
In Sri Lanka and Bangladesh, company operates 50 and 26 stores respectively.