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 ₹ 29,403 Cr.
- Current Price ₹ 446
- High / Low ₹ 587 / 420
- Stock P/E 133
- Book Value ₹ 31.6
- Dividend Yield 0.27 %
- 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 14.1 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 | |
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10 Years: | 11% |
5 Years: | 13% |
3 Years: | 6% |
TTM: | -48% |
Stock Price CAGR | |
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10 Years: | 16% |
5 Years: | 10% |
3 Years: | -8% |
1 Year: | 2% |
Return on Equity | |
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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
- Grant Of Options Under JFL Employees Stock Option Schemes 1d
- Announcement under Regulation 30 (LODR)-Earnings Call Transcript 15 Mar
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Announcement under Regulation 30 (LODR)-Investor Presentation
12 Mar - Copy of the Investor Presentation. Details as per attached letter
- Hong'S Kitchen Unveils Its 25Th Store In Historic Chandni Chowk, Offering Delectable Indian-Chinese Cuisine 6 Mar
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
5 Mar - Schedule of Webcast and Conference Call. Details as per attached letter.
Annual reports
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Financial Year 2023
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Financial Year 2022
from web
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
from bse
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Financial Year 2014
from bse
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Financial Year 2013
from nse
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Financial Year 2013
from bse
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Financial Year 2012
from bse
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Financial Year 2012
from nse
Concalls
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Mar 2024Transcript PPT
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Feb 2024Transcript PPT
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Jan 2024TranscriptNotesPPT
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Nov 2023Transcript PPT
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Oct 2023Transcript PPT REC
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Jul 2023Transcript PPT REC
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May 2023Transcript PPT REC
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Feb 2023Transcript PPT
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Nov 2022Transcript PPT
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Jul 2022TranscriptNotesPPT
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Jun 2022TranscriptPPT
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Oct 2021TranscriptNotesPPT
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Jul 2021TranscriptPPT
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Jun 2021TranscriptPPT
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Feb 2021Transcript PPT
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Nov 2020Transcript PPT
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Sep 2020Transcript PPT
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Jun 2020TranscriptNotesPPT
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May 2020Transcript PPT
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Jan 2020Transcript PPT
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Oct 2019Transcript PPT
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Jul 2019Transcript PPT
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May 2019Transcript PPT
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Feb 2019Transcript PPT
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Oct 2018Transcript PPT
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Jul 2018TranscriptNotesPPT
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Jun 2018Transcript PPT
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Apr 2018TranscriptPPT
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Jan 2018Transcript PPT
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Oct 2017Transcript PPT
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Aug 2017TranscriptNotesPPT
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May 2017Transcript PPT
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Feb 2017TranscriptNotesPPT
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Oct 2016TranscriptNotesPPT
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May 2016TranscriptNotesPPT
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Nov 2015TranscriptNotesPPT
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.