Restaurant Brands Asia Ltd

Restaurant Brand Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Restaurant Brands Asia Ltd

₹ 95.9 -1.29%
16 Apr 4:01 p.m.
burgerking.in BSE: 543248 NSE : RBA
About

Burger King India Ltd is an international QSR chain in India. It started operations in 2014 and has established ~260 restaurants across major cities. The company is an Exclusive National Master Franchisee of Burger King in India and its subsidiaries are Exclusive National Master Franchisee of the brands Burger King and Popeyes in Indonesia[1]

Key Points

Name Change
The company changed its name from “Burger King India Limited” to “Restaurant Brands Asia Limited” with effect from February 2, 2022. [1]

Website BSE NSE
  • Market Cap ₹ 4,765 Cr.
  • Current Price ₹ 95.9
  • High / Low ₹ 138 / 92.6
  • Stock P/E
  • Book Value ₹ 37.7
  • Dividend Yield 0.00 %
  • ROCE 0.66 %
  • ROE -3.72 %
  • Face Value ₹ 10.0
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Pros

Cons

  • Stock is trading at 2.54 times its book value
  • Company has low interest coverage ratio.
  • Promoter holding is low: 15.4%
  • Company has a low return on equity of -8.92% over last 3 years.
  • Promoter holding has decreased over last 3 years: -37.3%

* 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

Standalone Figures in Rs. Crores / View Consolidated

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
163.19 196.05 149.73 245.40 279.89 268.70 336.95 368.02 369.78 364.90 422.12 453.47 445.42
147.99 171.58 148.20 219.81 247.08 238.47 303.72 325.94 321.93 322.64 373.65 390.05 374.67
Operating Profit 15.20 24.47 1.53 25.59 32.81 30.23 33.23 42.08 47.85 42.26 48.47 63.42 70.75
OPM % 9.31% 12.48% 1.02% 10.43% 11.72% 11.25% 9.86% 11.43% 12.94% 11.58% 11.48% 13.99% 15.88%
12.68 -2.17 3.69 4.28 3.19 9.38 9.70 7.87 6.34 8.62 6.52 3.98 3.16
Interest 23.40 16.34 16.71 16.72 16.76 17.76 19.58 20.58 22.03 27.37 26.39 27.31 28.07
Depreciation 33.50 31.90 32.86 33.38 34.39 35.06 46.09 42.64 43.36 48.10 50.75 49.43 52.25
Profit before tax -29.02 -25.94 -44.35 -20.23 -15.15 -13.21 -22.74 -13.27 -11.20 -24.59 -22.15 -9.34 -6.41
Tax % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
-29.03 -25.94 -44.35 -20.23 -15.16 -13.21 -22.74 -13.27 -11.21 -24.59 -22.15 -9.34 -6.41
EPS in Rs -0.76 -0.68 -1.16 -0.53 -0.39 -0.27 -0.46 -0.27 -0.23 -0.50 -0.45 -0.19 -0.13
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Dec 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
7 16 139 230 378 633 841 494 944 1,440 1,686
32 21 172 237 370 554 737 479 854 1,274 1,461
Operating Profit -25 -5 -33 -7 8 79 104 15 90 166 225
OPM % -356% -30% -24% -3% 2% 12% 12% 3% 10% 12% 13%
1 0 4 7 11 11 1 21 21 32 22
Interest 0 0 0 27 37 46 65 82 68 90 109
Depreciation 1 1 9 45 64 82 116 128 136 180 201
Profit before tax -25 -6 -38 -72 -82 -38 -77 -174 -93 -72 -62
Tax % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
-25 -6 -38 -72 -82 -38 -77 -174 -93 -72 -62
EPS in Rs -6.41 -1.42 -3.23 -2.71 -3.10 -1.44 -2.76 -4.54 -1.89 -1.45 -1.27
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: 31%
3 Years: 20%
TTM: 25%
Compounded Profit Growth
10 Years: %
5 Years: 3%
3 Years: 1%
TTM: -3%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: -10%
1 Year: 3%
Return on Equity
10 Years: %
5 Years: -10%
3 Years: -9%
Last Year: -4%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Dec 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 39 39 119 265 265 265 278 383 493 495 495
Reserves -6 41 55 103 22 -15 -2 290 1,458 1,400 1,377
0 0 0 291 370 574 796 597 712 945 1,004
21 13 32 40 73 97 126 157 224 250 244
Total Liabilities 54 93 205 698 730 920 1,198 1,428 2,886 3,090 3,119
24 30 119 475 592 793 1,037 986 1,157 1,541 1,593
CWIP 0 4 10 10 10 20 48 30 11 30 37
Investments 12 41 45 177 87 38 19 124 1,511 1,380 1,352
18 17 31 36 41 69 95 288 207 139 137
Total Assets 54 93 205 698 730 920 1,198 1,428 2,886 3,090 3,119

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Dec 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
-6 -16 113 29 98 162
-32 -13 -230 -304 -1,388 -42
58 52 106 296 1,280 -121
Net Cash Flow 20 24 -12 21 -10 -0

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Dec 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 5 3 2 2 2 3 1 4 4 3
Inventory Days 86 40 16 16 13 11 11 21 15 14
Days Payable 1,026 205 62 77 110 97 99 237 149 105
Cash Conversion Cycle -934 -162 -44 -59 -94 -82 -86 -212 -130 -88
Working Capital Days -868 -124 -58 -40 -52 -37 -32 -71 -61 -42
ROCE % -32% -11% -8% 1% -1% -7% -1% 1%

Shareholding Pattern

Numbers in percentages

1 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
52.62% 52.56% 52.52% 40.96% 40.91% 40.90% 40.82% 40.81% 40.80% 15.43% 15.39% 15.39%
17.16% 16.63% 17.35% 28.76% 27.06% 28.16% 27.82% 27.51% 27.37% 29.92% 26.90% 24.86%
4.95% 5.22% 4.34% 7.69% 8.92% 9.04% 9.81% 9.92% 9.68% 22.21% 23.67% 23.15%
25.27% 25.59% 25.79% 22.60% 23.11% 21.90% 21.56% 21.76% 22.13% 32.43% 34.04% 36.61%
No. of Shareholders 2,86,6502,82,0992,82,4952,89,5682,81,1922,60,2312,50,3482,44,8552,39,8572,43,3182,39,5422,36,346

* 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.

Click on the line-items to see the names of individual entities.

Documents

Announcements

Annual reports

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Credit ratings

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