Westlife Foodworld Ltd
Westlife Development Limited focuses
on establishing and operating McDonald’s restaurants across West and South India,
through its wholly owned subsidiary
Hardcastle Restaurants Pvt Ltd[1]
- Market Cap ₹ 9,840 Cr.
- Current Price ₹ 631
- High / Low ₹ 638 / 398
- Stock P/E 1,618
- Book Value ₹ 32.9
- Dividend Yield 0.12 %
- ROCE 2.80 %
- ROE 2.80 %
- Face Value ₹ 2.00
Pros
- Company is almost debt free.
- Company has delivered good profit growth of 107% CAGR over last 5 years
- Company has been maintaining a healthy dividend payout of 496%
- Promoter holding has increased by 1.46% over last quarter.
Cons
- Stock is trading at 19.2 times its book value
- Company has a low return on equity of 4.95% 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.
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 0.29 | 0.31 | 0.20 | 0.00 | 0.44 | 0.50 | 0.43 | 0.45 | 0.63 | 62.53 | 1.04 | 15.43 | 7.26 | |
| Sales growth | -84.82% | +6.90% | -35.48% | -100.00% | +13.64% | -14.00% | +4.65% | +40.00% | +9,825.40% | -98.34% | +1,383.65% | -53.37% | |
| 0.59 | 0.74 | 0.65 | 0.57 | 0.77 | 0.81 | 0.83 | 0.87 | 1.20 | 2.18 | 1.63 | 1.34 | 1.39 | |
| Operating Profit | -0.30 | -0.43 | -0.45 | -0.57 | -0.33 | -0.31 | -0.40 | -0.42 | -0.57 | 60.35 | -0.59 | 14.09 | 5.87 |
| OPM % | -103.45% | -138.71% | -225.00% | -75.00% | -62.00% | -93.02% | -93.33% | -90.48% | 96.51% | -56.73% | 91.32% | 80.85% | |
| 0.26 | 0.24 | 0.15 | 0.04 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.40 | 0.21 | 0.14 | 0.21 | |
| Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.17 | 0.08 | 0.00 | 0.00 | 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 | -0.04 | -0.19 | -0.30 | -0.53 | -0.33 | -0.31 | -0.40 | -0.42 | -0.74 | 60.67 | -0.38 | 14.23 | 6.08 |
| Tax % | 225.00% | 136.84% | 0.00% | 0.00% | 9.09% | 0.00% | 0.00% | 0.00% | 0.00% | 2.54% | -334.21% | 0.00% | |
| -0.13 | -0.45 | -0.30 | -0.53 | -0.36 | -0.31 | -0.40 | -0.42 | -0.74 | 59.12 | 0.89 | 14.23 | 6.08 | |
| EPS in Rs | -0.01 | -0.03 | -0.02 | -0.03 | -0.02 | -0.02 | -0.03 | -0.03 | -0.05 | 3.79 | 0.06 | 0.91 | 0.39 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | -7,270.64% | 91.01% | 1,314.19% | 82.19% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 48% |
| 5 Years: | 105% |
| 3 Years: | 190% |
| TTM: | -53% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 42% |
| 5 Years: | 107% |
| 3 Years: | 177% |
| TTM: | -61% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 12% |
| 5 Years: | 1% |
| 3 Years: | -9% |
| 1 Year: | 8% |
| Return on Equity | |
|---|---|
| 10 Years: | 1% |
| 5 Years: | 3% |
| 3 Years: | 5% |
| Last Year: | 3% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | Sep 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 31.11 | 31.11 | 31.11 | 31.12 | 31.12 | 31.13 | 31.16 | 31.19 | 31.19 | 31.19 | 31.19 | 31.19 | 31.19 |
| Reserves | 446.05 | 447.26 | 448.50 | 449.84 | 450.52 | 451.90 | 454.90 | 457.27 | 454.40 | 467.08 | 473.35 | 480.06 | 481.87 |
| 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 2.01 | 0.00 | 0.00 | 0.00 | 0.00 | |
| 0.04 | 0.06 | 0.08 | 0.03 | 0.04 | 0.15 | 0.17 | 0.14 | 0.12 | 0.70 | 0.16 | 0.27 | 0.40 | |
| Total Liabilities | 477.20 | 478.43 | 479.69 | 480.99 | 481.68 | 483.18 | 486.23 | 488.60 | 487.72 | 498.97 | 504.70 | 511.52 | 513.46 |
| 0.00 | 0.00 | 0.00 | 0.01 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| CWIP | 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 |
| Investments | 62.04 | 62.28 | 475.18 | 475.18 | 476.21 | 477.30 | 479.48 | 481.43 | 482.06 | 490.33 | 496.76 | 501.47 | 502.91 |
| 415.16 | 416.15 | 4.51 | 5.80 | 5.46 | 5.88 | 6.75 | 7.17 | 5.66 | 8.64 | 7.94 | 10.05 | 10.55 | |
| Total Assets | 477.20 | 478.43 | 479.69 | 480.99 | 481.68 | 483.18 | 486.23 | 488.60 | 487.72 | 498.97 | 504.70 | 511.52 | 513.46 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| -0.03 | -0.10 | 0.16 | -0.42 | -0.14 | -0.28 | 0.00 | -1.27 | -0.64 | 58.35 | -2.16 | 13.18 | |
| 0.03 | 0.00 | -0.30 | -0.01 | 0.00 | -0.60 | -1.75 | -1.50 | 0.00 | -2.50 | 2.11 | -1.47 | |
| 0.00 | 0.27 | 0.14 | 0.25 | 0.25 | 0.98 | 2.88 | 2.47 | -0.28 | -55.88 | 0.00 | -11.70 | |
| Net Cash Flow | 0.00 | 0.17 | 0.00 | -0.19 | 0.10 | 0.09 | 1.13 | -0.29 | -0.92 | -0.03 | -0.05 | 0.01 |
| Free Cash Flow | -0.03 | -0.10 | 0.16 | -0.43 | -0.14 | -0.28 | 0.00 | -1.27 | -0.64 | 58.35 | -2.16 | 13.18 |
| CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | 3% | 23% | 20% | 89% | 42% | 90% | 0% | 302% | 112% | 99% | 351% | 94% |
Ratios
Standalone / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 0.00 | 0.00 | 0.00 | 4,371.70 | 4,102.60 | 4,524.30 | 438.00 | 0.00 | 0.88 | 0.00 | 2.37 | |
| Inventory Days | 0.00 | 0.00 | 0.00 | |||||||||
| Days Payable | ||||||||||||
| Cash Conversion Cycle | 0.00 | 0.00 | 0.00 | 4,371.70 | 4,102.60 | 4,524.30 | 438.00 | 0.00 | 0.88 | 0.00 | 2.37 | |
| Working Capital Days | 2,341.03 | 3,496.94 | 7,427.75 | 4,338.52 | 4,066.10 | 4,481.86 | 4,842.33 | 1,969.84 | 45.00 | 2,200.53 | 194.92 | |
| ROCE % | -0.01% | -0.04% | -0.06% | -0.11% | -0.07% | -0.06% | -0.08% | -0.09% | -0.12% | 12.32% | -0.08% | 2.80% |
Insights
In beta| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Same Store Sales Growth (SSSG) Percent YoY |
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| Total Restaurants (Store Network) Number of restaurants |
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| Number of Cities Number of cities |
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| Comparable AUV (Average Unit Volume, TTM) INR million |
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| Cumulative App Downloads (Life to Date) Million downloads |
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| Digital-led Sales (Apps + SOKs) as % of Total Sales Percent of sales |
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Extracted by Screener AI
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
- Submission of Transcript of earnings conference call for the quarter ended 30th September 2026.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
- Newspaper Advertisement - Unaudited Financial Result of the Company for the quarter and half year ended 30th September 2026.
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Submission Of Recording Of The Earnings Conference Call For The Quarter Ended 30Th September 2026
- Q2 FY27 earnings conference call recording uploaded for quarter ended 30 September 2026.
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Announcement under Regulation 30 (LODR)-Investor Presentation
- Submission of Investor Presentation for the quarter ended 30th September 2026.
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
- Q2 FY27 revenue rose 16% to ₹7.47 billion; SSSG 10.1%, EBITDA up 29%, 11 restaurants added.
Annual reports
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Annual Report 2026
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Annual Report 2025
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Annual Report 2024
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Annual Report 2023
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Annual Report 2022
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Annual Report 2021
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Annual Report 2020
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Annual Report 2019
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Annual Report 2018
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Annual Report 2017
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Annual Report 2016
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Annual Report 2015
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Annual Report 2014
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Annual Report 2013
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Annual Report 2012
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Concalls
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Oct 2026Transcript PPT REC
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Aug 2026Transcript PPT
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May 2026Transcript PPT
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Feb 2026Transcript PPT
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Nov 2025Transcript PPT REC
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Jul 2025Transcript PPT
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May 2025Transcript PPT
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Feb 2025Transcript
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Feb 2025Transcript PPT
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Oct 2024Transcript PPT REC
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Jul 2024Transcript PPT
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May 2024Transcript PPT
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Feb 2024Transcript PPT
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Nov 2023Transcript PPT
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Sep 2023PPT
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Aug 2023Transcript PPT
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May 2023Transcript PPT REC
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Mar 2023PPT
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Feb 2023Transcript PPT
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Dec 2022PPT
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Dec 2022Transcript PPT
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Nov 2022PPT
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Aug 2022Transcript PPT
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Aug 2021Transcript
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Mar 2021Transcript
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Jan 2021Transcript
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Nov 2020Transcript
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Jul 2020Transcript
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Jun 2020Transcript PPT
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Jan 2020Transcript
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Oct 2019Transcript
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Jul 2019Transcript
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May 2019Transcript
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Feb 2019Transcript
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Sep 2018Transcript
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Jun 2018Transcript
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May 2018Transcript
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Feb 2018Transcript
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Nov 2017Transcript
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Aug 2017Transcript
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Aug 2016Transcript
History of Westlife Foods[1]
The company 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 West Life Foods. It is now the master franchisee of McDonald’s under an agreement
of 2010. The agreement grants authority to provide initial capital for the business, with operational and technical business support
from McDonald’s Corporation.