Westlife Foodworld Ltd
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]
- Market Cap ₹ 10,881 Cr.
- Current Price ₹ 697
- High / Low ₹ 960 / 641
- Stock P/E 896
- Book Value ₹ 38.1
- Dividend Yield 0.49 %
- ROCE 7.19 %
- ROE 2.07 %
- Face Value ₹ 2.00
Pros
Cons
- Stock is trading at 18.3 times its book value
- Company has low interest coverage ratio.
- Tax rate seems low
- Company has a low return on equity of 11.8% 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
Part of BSE 500 Nifty 500 BSE SmallCap BSE Allcap BSE Consumer Discretionary
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
740 | 764 | 833 | 931 | 1,135 | 1,402 | 1,548 | 986 | 1,576 | 2,278 | 2,392 | 2,491 | |
693 | 745 | 786 | 881 | 1,050 | 1,277 | 1,329 | 925 | 1,379 | 1,896 | 2,015 | 2,171 | |
Operating Profit | 48 | 19 | 48 | 50 | 84 | 125 | 219 | 61 | 197 | 382 | 377 | 320 |
OPM % | 6% | 2% | 6% | 5% | 7% | 9% | 14% | 6% | 13% | 17% | 16% | 13% |
1 | 12 | 28 | 17 | 11 | 8 | -8 | 34 | 20 | 12 | 11 | 24 | |
Interest | 5 | 10 | 15 | 15 | 15 | 18 | 81 | 85 | 83 | 93 | 110 | 127 |
Depreciation | 44 | 50 | 58 | 64 | 67 | 80 | 138 | 140 | 136 | 152 | 182 | 204 |
Profit before tax | 1 | -29 | 3 | -12 | 13 | 35 | -9 | -129 | -2 | 149 | 96 | 13 |
Tax % | -45% | 0% | 8% | 0% | 0% | 39% | -16% | -23% | -19% | 25% | 28% | 7% |
1 | -29 | 3 | -12 | 13 | 21 | -7 | -99 | -2 | 112 | 69 | 12 | |
EPS in Rs | 0.06 | -1.87 | 0.18 | -0.78 | 0.83 | 1.37 | -0.47 | -6.38 | -0.11 | 7.16 | 4.44 | 0.78 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 48% | 78% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | 13% |
5 Years: | 10% |
3 Years: | 16% |
TTM: | 4% |
Compounded Profit Growth | |
---|---|
10 Years: | 9% |
5 Years: | -15% |
3 Years: | 47% |
TTM: | -84% |
Stock Price CAGR | |
---|---|
10 Years: | 10% |
5 Years: | 20% |
3 Years: | 15% |
1 Year: | -18% |
Return on Equity | |
---|---|
10 Years: | 2% |
5 Years: | 4% |
3 Years: | 12% |
Last Year: | 2% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Sep 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 31 | 31 | 31 | 31 | 31 | 31 | 31 | 31 | 31 | 31 | 31 | 31 |
Reserves | 530 | 502 | 507 | 496 | 511 | 553 | 546 | 450 | 431 | 535 | 557 | 563 |
64 | 134 | 150 | 190 | 184 | 234 | 966 | 968 | 1,055 | 1,203 | 1,363 | 1,473 | |
112 | 105 | 150 | 162 | 203 | 206 | 220 | 274 | 281 | 330 | 335 | 367 | |
Total Liabilities | 737 | 773 | 838 | 880 | 929 | 1,024 | 1,763 | 1,724 | 1,798 | 2,099 | 2,286 | 2,434 |
424 | 464 | 502 | 531 | 554 | 595 | 1,409 | 1,284 | 1,362 | 1,623 | 1,817 | 1,904 | |
CWIP | 18 | 21 | 18 | 17 | 20 | 28 | 23 | 26 | 36 | 57 | 45 | 48 |
Investments | 159 | 148 | 156 | 170 | 184 | 204 | 157 | 198 | 150 | 130 | 138 | 149 |
137 | 140 | 161 | 162 | 171 | 196 | 175 | 215 | 249 | 289 | 286 | 334 | |
Total Assets | 737 | 773 | 838 | 880 | 929 | 1,024 | 1,763 | 1,724 | 1,798 | 2,099 | 2,286 | 2,434 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
38 | 19 | 80 | 66 | 137 | 112 | 200 | 129 | 171 | 349 | 340 | 345 | |
-272 | -84 | -80 | -91 | -111 | -145 | -68 | -74 | -56 | -265 | -185 | -221 | |
222 | 61 | -0 | 26 | -22 | 32 | -139 | -45 | -102 | -98 | -149 | -79 | |
Net Cash Flow | -13 | -5 | -1 | 0 | 4 | -1 | -7 | 10 | 12 | -15 | 6 | 45 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 3 | 2 | 2 | 2 | 2 | 3 | 1 | 3 | 3 | 2 | 3 | |
Inventory Days | 23 | 28 | 30 | 30 | 29 | 29 | 28 | 49 | 40 | 38 | 32 | |
Days Payable | 68 | 65 | 74 | 74 | 93 | 84 | 87 | 194 | 123 | 100 | 104 | |
Cash Conversion Cycle | -42 | -36 | -42 | -42 | -62 | -52 | -58 | -142 | -80 | -60 | -69 | |
Working Capital Days | -32 | -56 | -45 | -43 | -47 | -22 | -23 | -60 | -33 | -23 | -23 | |
ROCE % | 2% | -5% | -1% | -2% | 3% | 6% | 8% | -2% | 5% | 15% | 11% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
1d - Westlife Foodworld Q4 FY25: 7% sales growth, 47 new restaurants, stable margins, digital sales 75%, Vision 2027 on track.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
1d - Westlife schedules analyst meeting at BofA Securities India Conference on 3 June 2025.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
1d - Company informs the Stock Exchange of the Analyst/Investor Meet scheduled to be held on 28th May, 2025 as per the details mentioned in the attached …
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
1d - Company informs the Stock Exchange of the Analyst/Investor Meet scheduled to be held on 30th May, 2025 as per the details mentioned in the attached …
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
1d - Company informs the Stock Exchange of the Analyst/Investor Meet scheduled to be held on 26th May, 2025 as per the details mentioned in the attached …
Annual reports
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
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Concalls
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May 2025Transcript PPT
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Feb 2025TranscriptPPT
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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 2023TranscriptNotesPPT
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Aug 2023Transcript PPT
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May 2023Transcript PPT REC
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Mar 2023TranscriptNotesPPT
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Feb 2023Transcript PPT
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Dec 2022TranscriptNotesPPT
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Dec 2022Transcript PPT
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Nov 2022TranscriptNotesPPT
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Aug 2022Transcript PPT
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Aug 2021TranscriptPPT
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Mar 2021TranscriptPPT
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Jan 2021TranscriptPPT
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Nov 2020TranscriptPPT
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Jul 2020TranscriptPPT
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Jun 2020Transcript PPT
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Jan 2020TranscriptPPT
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Oct 2019TranscriptPPT
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May 2019TranscriptPPT
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Feb 2019TranscriptPPT
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Sep 2018TranscriptPPT
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Jun 2018TranscriptPPT
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May 2018TranscriptPPT
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Feb 2018TranscriptPPT
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Nov 2017TranscriptPPT
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Aug 2017TranscriptPPT
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Aug 2016TranscriptPPT
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]