Restaurant Brands Asia Ltd
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]
- 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
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
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 | |
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10 Years: | % |
5 Years: | % |
3 Years: | % |
TTM: | -6% |
Stock Price CAGR | |
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10 Years: | % |
5 Years: | % |
3 Years: | -9% |
1 Year: | 6% |
Return on Equity | |
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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% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Credit Rating
16 Apr - Update on Credit Rating by ICRA Limited
- Certification Under Regulation 40(9) Read With Regulation 40(10) Of The SEBI (LODR) Regulations, 2015 For The Financial Year Ended March 31, 2024. 12 Apr
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
10 Apr - Compliance Certificate under Regulation 74(5) of the SEBI (DP) Regulations, 2018 for the quarter ended March 31, 2024.
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Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS
3 Apr - Allotment of 28,393 Equity Shares of Restaurant Brands Asia Limited under the BK Employee Stock Option Scheme, 2015
- Compliance Certificate - Regulation 7(3) Of SEBI (LODR) Regulations, 2015 For The Financial Year Ended March 31, 2024 2 Apr
Annual reports
Concalls
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Feb 2024Transcript PPT REC
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Nov 2023Transcript PPT
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Aug 2023Transcript PPT
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May 2023Transcript PPT
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Feb 2023Transcript PPT
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Nov 2022Transcript PPT
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Aug 2022Transcript PPT
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Jun 2022Transcript PPT
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Feb 2022Transcript PPT
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Nov 2021Transcript PPT
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Aug 2021TranscriptPPT
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Jun 2021Transcript PPT
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Mar 2021TranscriptPPT
Name Change
The company changed its name from “Burger King India Limited” to “Restaurant Brands Asia Limited” with effect from February 2, 2022. [1]