United Foodbrands Ltd
Incorporated in 2006, Barbeque Nation Hospitality Ltd is in the business of operating a casual dining restaurant chain. [1]
- Market Cap ₹ 812 Cr.
- Current Price ₹ 208
- High / Low ₹ 356 / 171
- Stock P/E
- Book Value ₹ 91.8
- Dividend Yield 0.00 %
- ROCE 2.99 %
- ROE -8.73 %
- Face Value ₹ 5.00
Pros
Cons
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of 4.50% over past five years.
- Promoter holding is low: 34.6%
- Company has a low return on equity of -4.65% 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
Consumer Discretionary Consumer Services Leisure Services Restaurants
Part of BSE Allcap BSE Consumer Discretionary
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2011 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 103 | 400 | 489 | 571 | 703 | 787 | 453 | 761 | 1,074 | 1,046 | 981 | 975 | |
| 92 | 347 | 370 | 435 | 542 | 631 | 413 | 654 | 889 | 892 | 829 | 850 | |
| Operating Profit | 11 | 53 | 120 | 137 | 161 | 156 | 40 | 107 | 185 | 154 | 152 | 126 |
| OPM % | 11% | 13% | 24% | 24% | 23% | 20% | 9% | 14% | 17% | 15% | 15% | 13% |
| -1 | 0 | 2 | 10 | -65 | -74 | 43 | 26 | 15 | 20 | 20 | 16 | |
| Interest | 4 | 10 | 42 | 49 | 47 | 63 | 71 | 56 | 65 | 67 | 66 | 67 |
| Depreciation | 4 | 23 | 61 | 65 | 77 | 105 | 102 | 106 | 124 | 139 | 141 | 146 |
| Profit before tax | 2 | 21 | 19 | 32 | -28 | -85 | -90 | -28 | 10 | -32 | -36 | -71 |
| Tax % | 19% | 39% | 35% | 38% | 32% | 9% | -21% | -23% | 34% | -17% | -1% | |
| 2 | 13 | 12 | 20 | -37 | -93 | -70 | -22 | 7 | -26 | -35 | -68 | |
| EPS in Rs | 2.00 | 9.59 | 4.47 | 7.28 | -13.23 | -33.11 | -20.71 | -5.53 | 1.72 | -6.75 | -9.03 | -17.51 |
| Dividend Payout % | 0% | 0% | 22% | 14% | -8% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 5% |
| 3 Years: | 9% |
| TTM: | -2% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | -24% |
| 3 Years: | -28% |
| TTM: | -242% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | -32% |
| 1 Year: | -32% |
| Return on Equity | |
|---|---|
| 10 Years: | -4% |
| 5 Years: | -9% |
| 3 Years: | -5% |
| Last Year: | -9% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2011 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 9 | 13 | 14 | 14 | 14 | 14 | 17 | 19 | 19 | 20 | 20 | 20 |
| Reserves | 12 | 120 | 102 | 167 | 157 | 62 | 243 | 394 | 410 | 397 | 373 | 339 |
| 28 | 52 | 79 | 82 | 471 | 621 | 509 | 556 | 637 | 608 | 642 | 675 | |
| 10 | 60 | 303 | 380 | 98 | 139 | 273 | 114 | 138 | 154 | 150 | 147 | |
| Total Liabilities | 58 | 245 | 497 | 643 | 741 | 836 | 1,042 | 1,084 | 1,204 | 1,178 | 1,185 | 1,181 |
| 31 | 162 | 382 | 462 | 597 | 665 | 603 | 742 | 884 | 844 | 820 | 808 | |
| CWIP | 1 | 14 | 15 | 12 | 9 | 10 | 5 | 18 | 19 | 1 | 4 | 5 |
| Investments | 0 | 13 | 25 | 28 | 28 | 41 | 41 | 58 | 71 | 87 | 141 | 146 |
| 27 | 57 | 76 | 142 | 107 | 120 | 392 | 265 | 230 | 246 | 221 | 222 | |
| Total Assets | 58 | 245 | 497 | 643 | 741 | 836 | 1,042 | 1,084 | 1,204 | 1,178 | 1,185 | 1,181 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2011 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 15 | 50 | 62 | 132 | 144 | 177 | 60 | 37 | 184 | 163 | 147 | |
| -20 | -67 | -87 | -82 | -140 | -165 | -16 | -149 | -127 | -75 | -69 | |
| 5 | 14 | 29 | -22 | -34 | -6 | 185 | -68 | -102 | -91 | -91 | |
| Net Cash Flow | -0 | -3 | 3 | 28 | -29 | 6 | 230 | -180 | -45 | -3 | -13 |
| Free Cash Flow | 14 | -15 | -1 | 68 | 49 | 97 | 44 | -47 | 58 | 95 | 98 |
| CFO/OP | 129% | 113% | 59% | 107% | 99% | 118% | 147% | 37% | 102% | 102% | 99% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2011 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 7 | 4 | 3 | 4 | 3 | 1 | 4 | 3 | 0 | 2 | 2 |
| Inventory Days | 19 | 30 | 31 | 33 | 28 | 17 | 41 | 43 | 38 | 35 | 47 |
| Days Payable | 41 | 76 | 81 | 119 | 104 | 130 | 287 | 107 | 99 | 93 | 103 |
| Cash Conversion Cycle | -15 | -42 | -47 | -82 | -72 | -112 | -243 | -60 | -61 | -56 | -54 |
| Working Capital Days | 25 | -44 | -38 | -64 | -68 | -89 | -231 | -48 | -42 | -42 | -44 |
| ROCE % | 32% | 35% | 19% | 8% | -3% | 3% | 7% | 3% | 3% |
Insights
In beta| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Number of Restaurants (Consolidated) Number |
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| Cumulative App Downloads Millions |
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| Dine-in Covers (India) Millions |
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| Average Per Cover (APC) - Consolidated ₹ |
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| Same Store Sales Growth (SSSG) - Consolidated % |
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| Average Annualized Revenue per Outlet (Consolidated) ₹ Million |
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| Dine-in Revenue Mix % |
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Documents
Announcements
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Closure of Trading Window
24 Mar - United Foodbrands trading window closed Apr 1, 2026 until 48 hours after audited FY2026 results.
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Shareholder Meeting / Postal Ballot-Scrutinizer"s Report
20 Mar - Postal ballot approved ESOP re-pricing and modifications for 2015 and 2022 plans; passed March 19, 2026.
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Announcement under Regulation 30 (LODR)-Memorandum of Understanding /Agreements
10 Mar - United Foodbrands granted unsecured ₹10 Crore loan to subsidiary Red Apple on March 10, 2026; 4-year tenor, arm's-length.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
10 Mar - One-on-one virtual investor meeting with ABN Capital on March 10, 2026; no UPSI to be shared.
- Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 6 Mar
Annual reports
Concalls
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Feb 2026Transcript PPT
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Nov 2025Transcript PPT REC
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Aug 2025Transcript PPT REC
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May 2025Transcript PPT REC
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Feb 2025Transcript PPT REC
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Nov 2024Transcript PPT
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Aug 2024Transcript PPT REC
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May 2024Transcript PPT REC
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Feb 2024Transcript PPT REC
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Feb 2024TranscriptAI SummaryPPT
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Nov 2023Transcript PPT
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Aug 2023Transcript PPT
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Jun 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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May 2022Transcript PPT
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Feb 2022Transcript PPT
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Oct 2021Transcript PPT
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Aug 2021Transcript PPT
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Jun 2021Transcript PPT
Business Overview:[1][2]
United Foodbrands Limited (formerly Barbeque-Nation Hospitality Limited) operates the largest single-brand chain of barbeque-themed restaurants in India under the Barbeque Nation brand, known for its live on-the-grill dining experience. The company also has an international presence and is active in the fine dining / Premium Casual Dining Restaurants (CDR) segment through its other brands, **SALT and Toscano. **