Speciality Restaurants Ltd
The company entered the restaurant business by setting up Only Fish in 1992, followed by Main Land China, in Mumbai in 1994. SRL is one of the largest fine-dining restaurant chains in India. The company launched its IPO in 2012.[1]
- Market Cap ₹ 928 Cr.
- Current Price ₹ 193
- High / Low ₹ 287 / 168
- Stock P/E 13.0
- Book Value ₹ 59.9
- Dividend Yield 1.30 %
- ROCE 17.2 %
- ROE 37.2 %
- Face Value ₹ 10.0
Pros
- Company has delivered good profit growth of 29.1% CAGR over last 5 years
Cons
- Stock is trading at 3.22 times its book value
- The company has delivered a poor sales growth of 4.79% over past five years.
- Tax rate seems low
- Company has a low return on equity of 11.6% over last 3 years.
- Earnings include an other income of Rs.34.5 Cr.
* 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: Hotels & Restaurants Industry: Hotels
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
196 | 227 | 264 | 299 | 321 | 312 | 297 | 346 | 358 | 150 | 253 | 375 | 390 | |
159 | 190 | 230 | 270 | 304 | 314 | 296 | 332 | 301 | 151 | 210 | 298 | 321 | |
Operating Profit | 38 | 37 | 34 | 29 | 17 | -1 | 1 | 14 | 57 | -1 | 43 | 77 | 68 |
OPM % | 19% | 16% | 13% | 10% | 5% | -0% | 0% | 4% | 16% | -0% | 17% | 20% | 18% |
3 | 9 | 10 | 8 | 8 | 9 | -2 | 9 | -17 | 20 | 13 | 31 | 34 | |
Interest | 3 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 21 | 16 | 15 | 14 | 15 |
Depreciation | 13 | 15 | 19 | 25 | 28 | 33 | 30 | 29 | 57 | 32 | 27 | 32 | 39 |
Profit before tax | 25 | 30 | 25 | 12 | -3 | -25 | -31 | -5 | -39 | -29 | 14 | 62 | 49 |
Tax % | 30% | 23% | 23% | 18% | 109% | 14% | -71% | -19% | 2% | -1% | 0% | -54% | |
17 | 23 | 19 | 9 | 0 | -22 | -53 | -6 | -38 | -29 | 14 | 96 | 80 | |
EPS in Rs | 4.99 | 4.02 | 2.01 | 0.06 | -4.65 | -11.37 | -1.35 | -8.13 | -6.25 | 2.88 | 20.35 | 16.93 | |
Dividend Payout % | 0% | 20% | 25% | 50% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 12% |
Compounded Sales Growth | |
---|---|
10 Years: | 5% |
5 Years: | 5% |
3 Years: | 2% |
TTM: | 8% |
Compounded Profit Growth | |
---|---|
10 Years: | 13% |
5 Years: | 29% |
3 Years: | 90% |
TTM: | 54% |
Stock Price CAGR | |
---|---|
10 Years: | 3% |
5 Years: | 16% |
3 Years: | 68% |
1 Year: | -19% |
Return on Equity | |
---|---|
10 Years: | -1% |
5 Years: | 4% |
3 Years: | 12% |
Last Year: | 37% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
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 | 35 | 47 | 47 | 47 | 47 | 47 | 47 | 47 | 47 | 47 | 47 | 47 | 48 |
Reserves | 80 | 244 | 257 | 261 | 261 | 235 | 182 | 175 | 119 | 90 | 105 | 235 | 241 |
29 | 0 | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 141 | 139 | 142 | 154 | |
28 | 35 | 50 | 47 | 49 | 58 | 62 | 63 | 184 | 55 | 51 | 54 | 78 | |
Total Liabilities | 172 | 326 | 355 | 355 | 358 | 340 | 291 | 285 | 350 | 333 | 341 | 478 | 520 |
73 | 85 | 106 | 120 | 135 | 115 | 101 | 82 | 156 | 151 | 136 | 155 | 174 | |
CWIP | 15 | 17 | 35 | 42 | 35 | 33 | 29 | 35 | 33 | 29 | 28 | 28 | 35 |
Investments | 15 | 136 | 111 | 80 | 71 | 70 | 67 | 72 | 72 | 75 | 109 | 176 | 172 |
69 | 88 | 103 | 113 | 117 | 122 | 94 | 96 | 89 | 78 | 68 | 119 | 139 | |
Total Assets | 172 | 326 | 355 | 355 | 358 | 340 | 291 | 285 | 350 | 333 | 341 | 478 | 520 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
14 | 17 | 27 | 11 | 26 | 3 | 9 | 17 | 43 | 20 | 53 | 81 | |
-20 | -146 | -19 | -12 | -21 | -5 | -7 | -14 | -14 | -3 | -33 | -72 | |
5 | 134 | -5 | -6 | -6 | -0 | -0 | -0 | -36 | -11 | -26 | -5 | |
Net Cash Flow | -1 | 5 | 3 | -7 | -1 | -1 | 1 | 3 | -7 | 6 | -6 | 4 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
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 | 14 | 18 | 27 | 19 | 4 | 6 | 8 | 6 | 2 | 8 | 7 | 6 |
Inventory Days | 14 | 17 | 23 | 25 | 25 | 26 | 27 | 22 | 24 | 47 | 25 | 22 |
Days Payable | 154 | 137 | 151 | 98 | 130 | 137 | 162 | 138 | 109 | 263 | 143 | 102 |
Cash Conversion Cycle | -125 | -102 | -101 | -55 | -101 | -105 | -127 | -110 | -83 | -208 | -110 | -74 |
Working Capital Days | -22 | -23 | -24 | -18 | -25 | -19 | -23 | -18 | -28 | -44 | -24 | -12 |
ROCE % | 21% | 14% | 8% | 4% | -2% | -9% | -8% | -4% | 2% | -8% | 10% | 17% |
Documents
Announcements
- Compliance Certificate - Regulation 7 (3) Of SEBI (LODR) Regulations, 2015. 12 Apr
- Certificate Under Regulation 40(9) Of SEBI (LODR) Regulations, 2015 For The Financial Year Ended March 31, 2024 10 Apr
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
8 Apr - Newspaper Publication pertaining to Postal Ballot Notice and Remote e-voting information.
- Shareholder Meeting / Postal Ballot-Notice of Postal Ballot 5 Apr
- Disclosure Under Regulation 30 Of SEBI (LODR) Regulations, 2015 ('Listing Regulations'). 4 Apr
Annual reports
-
Financial Year 2023
from bse
-
Financial Year 2022
from bse
-
Financial Year 2021
from bse
-
Financial Year 2020
from bse
-
Financial Year 2019
from bse
-
Financial Year 2018
from bse
-
Financial Year 2017
from bse
-
Financial Year 2016
from bse
-
Financial Year 2015
from bse
-
Financial Year 2014
from bse
-
Financial Year 2013
from nse
-
Financial Year 2013
from bse
-
Financial Year 2012
from nse
-
Financial Year 2012
from bse
Concalls
-
Jan 2024TranscriptNotesPPT
-
Apr 2023TranscriptNotesPPT
-
Sep 2017TranscriptPPT
-
Jun 2017TranscriptPPT
-
Feb 2017Transcript PPT
-
Aug 2016TranscriptPPT
-
Jun 2016Transcript PPT
-
Feb 2016Transcript PPT
-
Nov 2015TranscriptPPT
Brands
Company’s flagship brand, Mainland China, is one of the most recognised home-grown restaurant brands in India. It has remained one of the most favored and popular Chinese fine dining restaurant chains catering to the Indian taste buds.
In the confectionery business, sweet bengal is an established brand- With 30 outlets, it is the only chain serving authentic Bengali sweets and Bengali snacks in Mumbai and Pune.
The other brands, Asia Kitchen by Mainland China, Riyasat, Barishh, Episode One, Hoppipola, Oh! Calcutta, and Cafe Mezzuna have also a strong market position in the respective categories. [1]