Restaurant Brands Asia Ltd

Restaurant Brands Asia Ltd

₹ 99.9 1.32%
19 Apr 4:01 p.m.
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]

  • Market Cap 4,904 Cr.
  • Current Price 99.9
  • High / Low 138 / 93.0
  • Stock P/E
  • Book Value 14.8
  • Dividend Yield 0.00 %
  • ROCE -6.87 %
  • ROE -23.7 %
  • Face Value 10.0

Pros

Cons

  • Stock is trading at 6.75 times its book value
  • Company has low interest coverage ratio.
  • Promoter holding is low: 15.4%
  • 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

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
321 298 357 435 400 489 525 526 514 611 625 604
301 287 344 384 380 460 500 497 487 562 569 536
Operating Profit 21 11 14 52 20 29 25 30 27 48 56 68
OPM % 6% 4% 4% 12% 5% 6% 5% 6% 5% 8% 9% 11%
-2 5 5 3 -16 13 11 8 4 7 3 4
Interest 22 23 23 22 27 23 24 26 32 31 32 32
Depreciation 57 57 58 59 59 70 67 68 80 79 79 80
Profit before tax -60 -65 -62 -26 -82 -51 -55 -56 -80 -54 -51 -40
Tax % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
-60 -65 -62 -26 -82 -51 -55 -56 -80 -54 -51 -40
EPS in Rs -1.27 -1.51 -1.26 -0.59 -1.36 -0.96 -1.01 -1.02 -1.48 -1.02 -0.93 -0.73
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Mar 2022 Mar 2023 TTM
1,004 1,490 2,054 2,354
979 1,394 1,943 2,154
Operating Profit 25 97 112 200
OPM % 2% 6% 5% 9%
26 -3 36 18
Interest 104 95 105 126
Depreciation 229 234 284 317
Profit before tax -282 -235 -242 -225
Tax % 0% 0% 0%
-282 -235 -242 -225
EPS in Rs -6.42 -3.98 -4.47 -4.16
Dividend Payout % 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: %
TTM: 21%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: -6%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: -9%
1 Year: 6%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: -24%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 383 493 495 495
Reserves -298 548 331 240
901 887 1,168 1,199
977 451 500 517
Total Liabilities 1,963 2,378 2,493 2,451
1,391 1,514 1,953 2,008
CWIP 47 18 35 59
Investments 124 402 147 118
401 444 358 265
Total Assets 1,963 2,378 2,493 2,451

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Mar 2022 Mar 2023
48 78 124
-322 -1,091 16
357 1,112 -170
Net Cash Flow 82 99 -30

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Mar 2022 Mar 2023
Debtor Days 3 3 3
Inventory Days 18 15 16
Days Payable 226 152 133
Cash Conversion Cycle -205 -134 -114
Working Capital Days -304 -78 -60
ROCE % -8% -7%

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

Concalls