Westlife Foodworld Ltd

Westlife Foodworld Ltd

₹ 804 2.54%
28 Mar - close price
About

Westlife Development Limited (WDL) focuses on establishing and operating McDonald’s restaurants across West and South India, through its wholly owned subsidiary Hardcastle Restaurants Pvt Ltd (HRPL). [1]

Today, It manages 319 McDonalds restaurants and 223 McCafé outlets in West and South India in easily accessible and popular locations like malls, high-streets, shopping complexes and residential areas’ after outlet presence. It employees close to 10,000 employees. [2]

Key Points

History of Hardcastle Restaurants
Hardcastle Restaurants Pvt Ltd was established as a joint venture with McDonald’s Corporation, USA in 1995. Mcdonald's Corporation exited the Joint Venture in 2011 after selling its 50% stake to HRPL. It is now the master franchisee of McDonald’s under an agreement of 2010. The agreement grants HRPL authority to provide initial capital for the business, with operational and technical business support from McDonald’s Corporation. [1]

  • Market Cap 12,544 Cr.
  • Current Price 804
  • High / Low 1,025 / 671
  • Stock P/E 211
  • Book Value 31.5
  • Dividend Yield 0.43 %
  • ROCE -0.12 %
  • ROE -0.15 %
  • Face Value 2.00

Pros

  • Company is almost debt free.

Cons

  • Stock is trading at 25.5 times its book value
  • Company has a low return on equity of -0.11% 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

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
0.08 0.06 0.12 0.12 0.10 0.12 0.07 0.14 0.20 0.22 61.85 0.21 0.22
0.16 0.21 0.18 0.22 0.20 0.28 0.23 0.33 0.26 0.39 0.42 0.39 0.38
Operating Profit -0.08 -0.15 -0.06 -0.10 -0.10 -0.16 -0.16 -0.19 -0.06 -0.17 61.43 -0.18 -0.16
OPM % -100.00% -250.00% -50.00% -83.33% -100.00% -133.33% -228.57% -135.71% -30.00% -77.27% 99.32% -85.71% -72.73%
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.26 0.08
Interest 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.16 0.05 0.03 0.00
Depreciation 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Profit before tax -0.08 -0.15 -0.06 -0.10 -0.10 -0.16 -0.16 -0.19 -0.06 -0.33 61.38 0.05 -0.08
Tax % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 2.56% 100.00% 0.00%
-0.08 -0.15 -0.06 -0.10 -0.10 -0.16 -0.16 -0.19 -0.06 -0.33 59.81 -0.01 -0.08
EPS in Rs -0.01 -0.01 -0.00 -0.01 -0.01 -0.01 -0.01 -0.01 -0.00 -0.02 3.84 -0.00 -0.01
Raw PDF

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
2 2 2 0 0 0 0 0 0 0 0 1 62
1 2 3 1 1 1 1 1 1 1 1 1 2
Operating Profit 0 0 -1 -0 -0 -0 -1 -0 -0 -0 -0 -1 61
OPM % 23% 8% -77% -103% -139% -225% -75% -62% -93% -93% -90% 97%
-1 2 1 0 0 0 0 0 0 0 0 0 0
Interest 0 0 0 0 0 0 0 0 0 0 0 0 0
Depreciation 0 0 0 0 0 0 0 0 0 0 0 0 0
Profit before tax -1 2 -0 -0 -0 -0 -1 -0 -0 -0 -0 -1 61
Tax % -19% 3% 333% -225% -137% 0% 0% -9% 0% 0% 0% 0%
-1 2 0 -0 -0 -0 -1 -0 -0 -0 -0 -1 59
EPS in Rs -0.06 0.26 0.01 -0.01 -0.03 -0.02 -0.03 -0.02 -0.02 -0.03 -0.03 -0.05 3.81
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% -7,271%
Compounded Sales Growth
10 Years: -12%
5 Years: %
3 Years: 8%
TTM: 11692%
Compounded Profit Growth
10 Years: %
5 Years: -10%
3 Years: %
TTM: 10519%
Stock Price CAGR
10 Years: 9%
5 Years: 13%
3 Years: 20%
1 Year: 20%
Return on Equity
10 Years: 0%
5 Years: 0%
3 Years: 0%
Last Year: 0%

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 16 18 31 31 31 31 31 31 31 31 31 31 31
Reserves -0 2 444 446 447 448 450 451 452 455 457 454 460
Preference Capital 0 0 0 0 0 0 0 0 0 0 0 0
0 0 0 0 0 0 0 0 0 0 0 2 0
0 1 0 0 0 0 0 0 0 0 0 0 1
Total Liabilities 16 22 476 477 478 480 481 482 483 486 489 488 493
0 0 0 0 0 0 0 0 0 0 0 0 0
CWIP 0 0 0 0 0 0 0 0 0 0 0 0 0
Investments 3 0 62 62 62 475 475 476 477 479 481 482 483
13 22 414 415 416 5 6 5 6 7 7 6 10
Total Assets 16 22 476 477 478 480 481 482 483 486 489 488 493

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
2 4 1 -0 -0 0 -0 -0 -0 0 -1 -1
-2 5 -189 0 0 -0 -0 0 -1 -2 -2 0
0 3 177 0 0 0 0 0 1 3 2 -0
Net Cash Flow -0 12 -12 0 0 0 -0 0 0 1 -0 -1

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 4 146 0 0 0 0 4,372 4,103 4,524 438 0
Inventory Days 0 0 0 0 0 0
Days Payable
Cash Conversion Cycle 4 146 0 0 0 0 4,372 4,103 4,524 438 0
Working Capital Days 2,749 1,309 76 2,341 3,497 7,428 4,339 4,066 4,482 4,842 3,134
ROCE % 3% 13% -0% -0% -0% -0% -0% -0% -0% -0% -0% -0%

Shareholding Pattern

Numbers in percentages

11 Recently
Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
58.00% 56.40% 57.14% 57.13% 56.98% 56.98% 56.32% 56.23% 56.23% 56.23% 56.22% 56.23%
10.83% 11.55% 11.01% 10.74% 9.94% 9.47% 9.80% 10.12% 9.61% 9.70% 10.44% 10.48%
20.78% 20.89% 22.01% 22.69% 22.83% 23.34% 24.14% 23.68% 24.15% 24.14% 23.66% 23.99%
10.39% 11.16% 9.84% 9.44% 10.00% 9.95% 9.50% 9.72% 9.72% 9.64% 9.37% 9.00%
0.00% 0.00% 0.00% 0.00% 0.24% 0.25% 0.25% 0.26% 0.31% 0.31% 0.31% 0.32%
No. of Shareholders 22,78925,75925,13426,34433,30332,56331,73638,11634,12435,38236,38137,407

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Documents

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