Restaurant Brands Asia Ltd
Burger King India Ltd is an international QSR chain in India. It started operations in 2014 and has established ~456 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 ₹ 4,053 Cr.
- Current Price ₹ 81.3
- High / Low ₹ 134 / 77.6
- Stock P/E
- Book Value ₹ 10.7
- Dividend Yield 0.00 %
- ROCE -4.68 %
- ROE -30.0 %
- Face Value ₹ 10.0
Pros
Cons
- Stock is trading at 7.61 times its book value
- Company has low interest coverage ratio.
- Promoter holding has decreased over last quarter: -2.16%
- Promoter holding is low: 13.2%
- Company has a low return on equity of -27.6% over last 3 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
Part of Nifty Microcap 250 BSE Consumer Discretionary BSE Allcap BSE SmallCap Nifty Total Market
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
---|---|---|---|---|---|
1,004 | 1,490 | 2,054 | 2,437 | 2,480 | |
979 | 1,394 | 1,943 | 2,195 | 2,216 | |
Operating Profit | 25 | 97 | 112 | 242 | 264 |
OPM % | 2% | 6% | 5% | 10% | 11% |
26 | -3 | 36 | 18 | 22 | |
Interest | 104 | 95 | 105 | 141 | 154 |
Depreciation | 229 | 234 | 284 | 356 | 381 |
Profit before tax | -282 | -235 | -242 | -237 | -250 |
Tax % | 0% | 0% | 0% | 0% | |
-282 | -235 | -242 | -237 | -250 | |
EPS in Rs | -6.42 | -3.98 | -4.47 | -4.39 | -4.65 |
Dividend Payout % | 0% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 34% |
TTM: | 9% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 3% |
TTM: | -5% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | -19% |
1 Year: | -28% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | -28% |
Last Year: | -30% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Sep 2024 | |
---|---|---|---|---|---|
Equity Capital | 383 | 493 | 495 | 496 | 498 |
Reserves | -298 | 548 | 331 | 130 | 34 |
901 | 887 | 1,168 | 1,430 | 1,547 | |
977 | 451 | 500 | 652 | 638 | |
Total Liabilities | 1,963 | 2,378 | 2,493 | 2,709 | 2,717 |
1,391 | 1,514 | 1,953 | 2,320 | 2,322 | |
CWIP | 47 | 18 | 35 | 49 | 47 |
Investments | 124 | 402 | 147 | 83 | 62 |
401 | 444 | 358 | 256 | 285 | |
Total Assets | 1,963 | 2,378 | 2,493 | 2,709 | 2,717 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|
48 | 78 | 124 | 346 | |
-322 | -1,091 | 16 | -219 | |
357 | 1,112 | -170 | -251 | |
Net Cash Flow | 82 | 99 | -30 | -124 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|
Debtor Days | 3 | 3 | 3 | 4 |
Inventory Days | 18 | 15 | 16 | 14 |
Days Payable | 226 | 152 | 133 | 119 |
Cash Conversion Cycle | -205 | -134 | -114 | -101 |
Working Capital Days | -304 | -78 | -60 | -65 |
ROCE % | -8% | -7% | -5% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS
3 Dec - Allotment of 1,10,000 equity shares under the BK Employee Stock Option Scheme, 2015
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Announcement under Regulation 30 (LODR)-Resignation of Chief Financial Officer (CFO)
29 Nov - Resignation of CFO Sameer Patel effective February 7, 2025.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
14 Nov - Participation in investor conferences on November 19 and 21.
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Announcement Under Regulations 30 Of SEBI (LODR) 2015 - Loan Agreement Executed By Restaurant Brands Asia Limited With PT Sari Burger Indonesia, Subsidiary Of The Company.
13 Nov - Loan agreement of IDR 40 billion with subsidiary.
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Announcement Under Regulation 30 Of SEBI (LODR)Regulations, 2015.
11 Nov - Fine of Rs. 500 levied for littering.
Annual reports
Concalls
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Nov 2024Transcript PPT REC
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Aug 2024Transcript PPT
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May 2024Transcript PPT
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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
Business Overview
The company is the national master franchisee for the brand, BURGER KING. It holds exclusive rights to develop, open, operate, and franchise BURGER KING restaurants in India. In Indonesia, it operates as the master franchisee for brands like BURGER KING and POPEYES through its subsidiaries. [1]