Jubilant Foodworks Ltd

Jubilant Foodworks Ltd

₹ 551 3.81%
18 Jun - 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 36,348 Cr.
  • Current Price 551
  • High / Low 587 / 421
  • Stock P/E 139
  • Book Value 32.9
  • Dividend Yield 0.22 %
  • ROCE 10.9 %
  • ROE 12.4 %
  • Face Value 2.00

Pros

  • Company has been maintaining a healthy dividend payout of 20.4%

Cons

  • Stock is trading at 16.8 times its book value

* 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

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
1,038 893 1,116 1,211 1,176 1,255 1,301 1,332 1,270 1,335 1,369 1,378 1,573
787 681 829 894 902 962 990 1,046 1,052 1,100 1,091 1,098 1,262
Operating Profit 251 212 287 317 274 293 312 286 218 235 277 280 310
OPM % 24% 24% 26% 26% 23% 23% 24% 22% 17% 18% 20% 20% 20%
13 11 8 11 12 11 27 10 20 9 42 20 197
Interest 38 42 42 45 46 47 50 52 53 54 57 62 114
Depreciation 88 91 93 103 106 107 115 133 132 136 142 152 169
Profit before tax 138 90 161 179 134 149 174 111 53 54 121 86 224
Tax % 24% 23% 25% 26% 28% 25% 25% 28% 47% 47% 19% 23% 7%
105 69 120 133 96 113 132 80 29 29 97 66 208
EPS in Rs 1.60 1.05 1.82 2.03 1.47 1.71 1.99 1.22 0.43 0.44 1.47 1.00 3.14
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
1,414 1,736 2,093 2,438 2,583 3,018 3,563 3,927 3,312 4,396 5,158 5,654
1,171 1,486 1,836 2,173 2,339 2,576 2,961 3,045 2,532 3,290 4,022 4,511
Operating Profit 243 250 256 265 245 442 603 883 780 1,106 1,136 1,143
OPM % 17% 14% 12% 11% 9% 15% 17% 22% 24% 25% 22% 20%
6 9 6 10 -1 21 44 38 64 26 40 227
Interest 0 0 0 0 0 0 0 165 163 176 201 288
Depreciation 56 79 101 128 155 160 157 352 375 393 486 598
Profit before tax 194 180 161 147 88 303 490 403 306 563 489 485
Tax % 32% 34% 31% 34% 35% 35% 35% 31% 25% 26% 28% 18%
131 118 111 97 58 196 318 279 231 418 353 400
EPS in Rs 2.01 1.81 1.69 1.47 0.88 2.97 4.85 4.24 3.51 6.37 5.35 6.05
Dividend Payout % 0% 0% 15% 17% 29% 17% 21% 28% 34% 19% 22% 20%
Compounded Sales Growth
10 Years: 13%
5 Years: 10%
3 Years: 20%
TTM: 10%
Compounded Profit Growth
10 Years: 8%
5 Years: -4%
3 Years: 3%
TTM: -27%
Stock Price CAGR
10 Years: 17%
5 Years: 17%
3 Years: -6%
1 Year: 11%
Return on Equity
10 Years: 19%
5 Years: 19%
3 Years: 18%
Last Year: 12%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 65 65 66 66 66 66 132 132 132 132 132 132
Reserves 364 485 581 696 739 902 1,128 990 1,295 1,813 1,906 2,039
0 0 0 0 0 0 0 1,670 1,620 2,106 2,554 4,197
222 312 429 460 485 529 596 578 720 731 791 1,758
Total Liabilities 652 862 1,075 1,222 1,291 1,497 1,856 3,370 3,767 4,782 5,382 8,126
395 546 737 828 800 789 809 2,189 2,146 2,737 3,488 6,209
CWIP 10 20 20 26 61 14 16 41 29 47 184 92
Investments 94 94 75 91 94 263 181 51 517 927 822 308
153 202 243 277 336 430 850 1,089 1,076 1,072 888 1,516
Total Assets 652 862 1,075 1,222 1,291 1,497 1,856 3,370 3,767 4,782 5,382 8,126

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
209 225 276 212 204 409 424 728 751 930 1,026 1,010
-191 -233 -262 -200 -188 -332 -457 -99 -602 -654 -595 -1,374
1 1 1 -18 -15 -35 -17 -461 -289 -307 -426 377
Net Cash Flow 20 -6 15 -6 0 42 -51 168 -140 -31 5 13

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 2 2 2 2 2 2 3 2 2 2 2 17
Inventory Days 24 27 30 35 35 31 32 35 67 59 52 112
Days Payable 131 140 168 186 182 185 173 166 268 198 164 255
Cash Conversion Cycle -105 -111 -136 -150 -144 -153 -139 -129 -199 -137 -110 -126
Working Capital Days -40 -41 -49 -43 -43 -44 -42 -39 -54 -38 -34 -21
ROCE % 54% 37% 27% 21% 13% 34% 44% 30% 16% 21% 16%

Shareholding Pattern

Numbers in percentages

1 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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