Jubilant Foodworks Ltd

About [ edit ]

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. The Company also launched its first homegrown brand – Hong’s Kitchen in Chinese cuisine segment. #

Key Points [ edit ]
  • Market Cap 36,167 Cr.
  • Current Price 2,741
  • High / Low 3,216 / 1,486
  • Stock P/E 227
  • Book Value 85.2
  • Dividend Yield 0.22 %
  • ROCE 29.4 %
  • ROE 23.3 %
  • Face Value 10.0

Pros

  • Company has delivered good profit growth of 20.18% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 21.91%
  • Company's median sales growth is 18.05% of last 10 years

Cons

  • Stock is trading at 32.18 times its book value
  • Promoter holding has decreased over last 3 years: -3.15%
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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
863 890 937 873 949 998 1,071 909 388 816 1,069
722 743 769 729 731 764 817 740 364 600 789
Operating Profit 141 146 168 144 218 234 254 169 25 216 280
OPM % 16% 16% 18% 17% 23% 23% 24% 19% 6% 26% 26%
Other Income 7 11 14 15 15 5 16 8 13 31 16
Interest 0 0 0 0 40 41 43 41 42 42 41
Depreciation 38 39 38 41 83 85 90 94 93 105 90
Profit before tax 110 118 144 118 111 113 137 42 -98 101 165
Tax % 34% 36% 35% 35% 35% 35% 26% 23% 24% 25% 25%
Net Profit 72 76 93 79 72 73 102 33 -74 76 124
EPS in Rs 5.47 5.73 7.08 5.96 5.43 5.56 7.71 2.51 -5.60 5.76 9.41

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 TTM
424 678 1,019 1,414 1,736 2,093 2,438 2,583 3,018 3,563 3,927 3,183
358 558 828 1,171 1,486 1,837 2,173 2,339 2,576 2,961 3,045 2,493
Operating Profit 66 120 191 243 250 256 265 245 442 603 883 690
OPM % 15% 18% 19% 17% 14% 12% 11% 9% 15% 17% 22% 22%
Other Income 0 1 -1 6 9 7 10 -1 21 44 38 69
Interest 8 0 0 0 0 0 0 0 0 0 165 167
Depreciation 24 29 38 56 79 101 128 155 160 157 352 381
Profit before tax 33 92 152 194 180 161 147 88 303 490 403 210
Tax % 0% 22% 32% 32% 34% 31% 34% 35% 35% 35% 31%
Net Profit 33 72 103 131 118 111 97 58 196 320 280 159
EPS in Rs 2.59 5.56 7.93 10.04 9.03 8.47 7.36 4.38 14.87 24.23 21.22 12.08
Dividend Payout % 0% 0% 0% 0% 0% 15% 17% 29% 17% 21% 28%
Compounded Sales Growth
10 Years:25%
5 Years:13%
3 Years:15%
TTM:-18%
Compounded Profit Growth
10 Years:24%
5 Years:20%
3 Years:61%
TTM:-51%
Stock Price CAGR
10 Years:22%
5 Years:36%
3 Years:29%
1 Year:75%
Return on Equity
10 Years:23%
5 Years:20%
3 Years:25%
Last Year:23%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Sep 2020
64 65 65 65 65 66 66 66 66 132 132 132
Reserves 53 127 231 364 485 580 696 739 924 1,141 1,002 992
Borrowings 9 0 0 0 0 0 0 0 0 0 1,670 1,628
71 115 171 222 312 429 460 485 507 583 566 626
Total Liabilities 196 306 467 652 862 1,075 1,222 1,291 1,497 1,856 3,370 3,378
140 180 254 395 546 737 828 800 789 809 2,189 2,040
CWIP 3 3 14 10 20 20 26 61 14 16 41 28
Investments 0 20 92 94 94 75 91 94 263 181 51 79
53 102 107 153 202 243 277 336 430 850 1,089 1,231
Total Assets 196 306 467 652 862 1,075 1,222 1,291 1,497 1,856 3,370 3,378

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
77 129 167 209 225 276 212 204 409 424 728
-52 -120 -167 -191 -233 -262 -200 -188 -332 -457 -99
-21 -7 2 1 1 1 -18 -15 -35 -17 -461
Net Cash Flow 4 2 2 20 -6 15 -6 0 42 -51 168

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROCE % 59% 65% 54% 37% 27% 21% 13% 34% 44% 29%
Debtor Days 3 2 2 2 2 2 2 2 2 3 2
Inventory Turnover 19.23 18.80 20.76 19.54 17.05 14.62 13.40 14.83 14.94 13.46

Shareholding Pattern

Numbers in percentages

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
44.94 44.94 44.94 41.94 41.94 41.94 41.94 41.94 41.94 41.94 41.94 41.94
37.61 39.16 39.41 38.82 35.89 34.49 32.65 30.94 36.19 37.86 39.43 40.87
8.25 7.21 6.82 9.99 11.36 17.06 18.94 20.65 15.69 14.45 12.75 11.36
0.13 0.16 0.30 0.30 0.44 0.42 0.44 0.41 0.44 0.32 0.32 0.32
8.77 8.23 8.23 8.73 10.17 5.90 5.84 5.88 5.55 5.24 5.35 5.34
0.31 0.30 0.29 0.21 0.20 0.20 0.19 0.19 0.19 0.19 0.21 0.17

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