Jubilant Foodworks Ltd

Jubilant Foodworks Ltd

₹ 436 -1.41%
19 Apr - close price
About

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]

Key Points

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.

  • 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

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
1,069 1,038 893 1,116 1,211 1,176 1,255 1,301 1,332 1,270 1,335 1,369 1,378
789 787 681 829 894 902 962 990 1,046 1,052 1,100 1,091 1,098
Operating Profit 280 251 212 287 317 274 293 312 286 218 235 277 280
OPM % 26% 24% 24% 26% 26% 23% 23% 24% 22% 17% 18% 20% 20%
16 13 11 8 11 12 11 27 10 20 9 42 20
Interest 41 38 42 42 45 46 47 50 52 53 54 57 62
Depreciation 90 88 91 93 103 106 107 115 133 132 136 142 152
Profit before tax 165 138 90 161 179 134 149 174 111 53 54 121 86
Tax % 25% 24% 23% 25% 26% 28% 25% 25% 28% 47% 47% 19% 23%
124 105 69 120 133 96 113 132 80 29 29 97 66
EPS in Rs 1.88 1.60 1.05 1.82 2.03 1.47 1.71 1.99 1.22 0.43 0.44 1.47 1.00
Raw PDF
Upcoming result date: 22 May 2024

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%

Shareholding Pattern

Numbers in percentages

6 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
41.94% 41.94% 41.94% 41.94% 41.94% 41.94% 41.94% 41.94% 41.94% 41.94% 41.94% 41.94%
41.72% 41.41% 39.77% 31.87% 29.80% 28.66% 26.77% 25.38% 25.22% 26.14% 27.75% 23.24%
10.63% 10.86% 11.37% 15.59% 17.20% 19.74% 20.70% 21.66% 22.33% 22.16% 21.94% 25.86%
0.14% 0.13% 0.13% 0.13% 0.14% 0.20% 0.20% 0.20% 0.20% 0.20% 0.20% 0.20%
5.37% 5.45% 6.60% 10.22% 10.71% 9.28% 10.23% 10.63% 10.14% 9.36% 7.97% 8.42%
0.21% 0.21% 0.19% 0.25% 0.21% 0.18% 0.18% 0.18% 0.18% 0.21% 0.21% 0.36%
No. of Shareholders 1,09,5941,32,8582,11,6963,77,0384,73,9274,77,1625,35,9785,70,2535,60,7185,38,5024,78,9154,78,589

* 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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