Travel Food Services Ltd
Incorporated in 2007, Travel Food Services Ltd provides Travel QSR and Lounge services in India and abroad.[1]
- Market Cap ₹ 16,859 Cr.
- Current Price ₹ 1,280
- High / Low ₹ 1,340 / 1,008
- Stock P/E 46.5
- Book Value ₹
- Dividend Yield 0.00 %
- ROCE 41.7 %
- ROE 39.1 %
- Face Value ₹ 1.00
Pros
- Company has delivered good profit growth of 29.1% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 39.9%
- Company has been maintaining a healthy dividend payout of 26.8%
- Debtor days have improved from 29.8 to 23.0 days.
Cons
* 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
Consumer Discretionary Consumer Services Leisure Services Restaurants
Part of BSE IPO
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2016 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|
| 501 | 774 | 162 | 390 | 1,067 | 1,396 | 1,688 | |
| 398 | 646 | 198 | 306 | 693 | 980 | 1,134 | |
| Operating Profit | 103 | 128 | -36 | 84 | 374 | 417 | 554 |
| OPM % | 21% | 16% | -22% | 21% | 35% | 30% | 33% |
| 5 | 15 | 20 | 57 | 84 | 133 | 122 | |
| Interest | 10 | 2 | 5 | 45 | 48 | 52 | 46 |
| Depreciation | 22 | 21 | 22 | 79 | 83 | 111 | 126 |
| Profit before tax | 76 | 119 | -43 | 17 | 327 | 387 | 504 |
| Tax % | 33% | 29% | 25% | 70% | 23% | 23% | 25% |
| 51 | 104 | -57 | 5 | 251 | 298 | 380 | |
| EPS in Rs | 103.51 | 268.84 | -147.64 | 13.09 | 629.55 | 742.80 | 27.58 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 50% | 31% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 17% |
| 3 Years: | 63% |
| TTM: | 21% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 29% |
| 3 Years: | 314% |
| TTM: | 33% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 26% |
| 3 Years: | 40% |
| Last Year: | 39% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2016 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 4 | 4 | 4 | 4 | 4 | 4 | 13 |
| Reserves | 84 | 513 | 459 | 406 | 652 | 797 | 1,040 |
| 60 | 21 | 22 | 387 | 383 | 416 | 333 | |
| 139 | 169 | 151 | 207 | 294 | 407 | 516 | |
| Total Liabilities | 286 | 706 | 636 | 1,004 | 1,332 | 1,623 | 1,903 |
| 115 | 75 | 59 | 0 | 353 | 387 | 372 | |
| CWIP | 8 | 0 | 24 | 0 | 6 | 23 | 39 |
| Investments | 0 | 370 | 304 | 315 | 464 | 594 | 868 |
| 163 | 261 | 248 | 689 | 510 | 620 | 624 | |
| Total Assets | 286 | 706 | 636 | 1,004 | 1,332 | 1,623 | 1,903 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2016 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|
| 70 | 104 | 3 | 77 | 322 | 369 | 515 | |
| -55 | -120 | -11 | -31 | -197 | -139 | -215 | |
| -1 | 13 | 7 | -47 | -104 | -245 | -343 | |
| Net Cash Flow | 14 | -3 | -2 | -1 | 21 | -15 | -43 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2016 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 34 | 31 | 58 | 45 | 39 | 27 | 23 |
| Inventory Days | 21 | 13 | 70 | 33 | 18 | 15 | 11 |
| Days Payable | 111 | 69 | 249 | 518 | 310 | 352 | 461 |
| Cash Conversion Cycle | -56 | -25 | -121 | -440 | -252 | -310 | -427 |
| Working Capital Days | -22 | -17 | -156 | -138 | -60 | -72 | -61 |
| ROCE % | -9% | 9% | 40% | 37% | 42% |
Documents
Announcements
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Update
4 Sep - TFSL terminates Dreamfolks lounge-access arrangement effective 15 September 2025; company expects no operational impact.
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
26 Aug - Newspaper Advertisement for Postal Ballot and Remote e-voting
-
Shareholder Meeting / Postal Ballot-Notice of Postal Ballot
23 Aug - Postal ballot (26 Aug–24 Sep 2025) seeking approval for director nomination rights and ESOP ratification (658,397 options).
- Announcement under Regulation 30 (LODR)-Earnings Call Transcript 19 Aug
-
Announcement under Regulation 30 (LODR)-Press Release / Media Release
18 Aug - TFS partners with Gordon Ramsay to launch Street Burger at Delhi IGI Airport, marking brand's India debut.
Concalls
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Aug 2025Transcript PPT
Business Overview:[1]
TFSL is a leading operator in the Indian airport travel quick service restaurant and lounge sectors. It held an approx. market share of 26% in the Indian airport Travel QSR sector and 45% in the Indian airport Lounge sector, including revenues from Associates and Joint Ventures in FY25