Devyani International

₹141.3 -0.8 | 0.6%

WEBSITE BSE:543330 NSE : DEVYANI 23 Mar, 16:01

Market Cap ₹17020 Cr.

Stock P/E 60.6

P/B 19

Current Price ₹141.3

Book Value ₹ 7.4

Face Value 1

52W High ₹215

Dividend Yield 0%

52W Low ₹ 138.8

Edit Ratio

Devyani International Research see more...

Devyani International Ltd

Overview Inc. Year: 1991Industry: Consumer Food

Devyani International Limited operates a series of franchised short carrier restaurants in India, Nepal, and Nigeria. The enterprise's Core Brands Business consist of KFC, Pizza Hut, and Costa Coffee shops operated in India; International Business include KFC and Pizza Hut shops operated in Nepal and Nigeria; and Other Business consists of its personal brands, together with Vaango, Food Street, Masala Twist, Ile Bar, Amreli, and Ckrussh Juice Bar. As of March 31, 2021, its Core Brands Business operated 605 stores, inclusive of g 264 KFC shops, 297 Pizza Hut shops, and 44 Costa Coffee shops; International Business operated 35 stores comprising 32 KFC shops and 3 Pizza Hut stores; and Other Business operated 50 stores. The agency was incorporated in 1991 and is based in Gurugram, India. Devyani International Ltd operates as a subsidiary of RJ Corp Ltd.

Quarterly Price

Quarterly Monthly

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Peer Comparison

Devyani International Quarterly Results

#(Fig in Cr.)	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022
Net Sales	353	516	624	591	705	747	791
Other Income	5	5	4	2	9	5	8
Total Income	357	521	628	593	714	752	799
Total Expenditure	296	388	477	451	540	581	617
Operating Profit	62	133	152	142	174	171	182
Interest	32	33	30	32	33	35	38
Depreciation	48	53	56	65	64	66	71
Exceptional Income / Expenses	-14	-1	1	-3	0	-11	-9
Profit Before Tax	-33	47	67	42	77	59	65
Provision for Tax	-0	1	1	-33	2	2	-6
Profit After Tax	-33	47	66	76	75	57	71
Adjustments	5	-1	-3	0	-1	2	1
Profit After Adjustments	-29	46	63	76	74	59	72
Adjusted Earnings Per Share	-0.3	0.4	0.5	0.6	0.6	0.5	0.6

Devyani International Profit & Loss

#(Fig in Cr.)	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	TTM
Net Sales	1012	1047	1111	1357	1516	1135	2084	2834
Other Income	2	9	25	9	24	64	23	24
Total Income	1015	1056	1136	1365	1541	1199	2107	2858
Total Expenditure	1011	1010	1017	1308	1311	946	1617	2189
Operating Profit	3	46	119	58	230	252	490	669
Interest	47	88	34	40	161	151	129	138
Depreciation	85	137	55	83	223	229	221	266
Exceptional Income / Expenses	0	1	0	0	35	46	-17	-23
Profit Before Tax	-129	-178	30	-65	-120	-82	123	243
Provision for Tax	1	1	-1	1	2	-1	-32	-35
Profit After Tax	-130	-180	31	-66	-121	-81	155	279
Adjustments	2	60	15	18	-0	26	1	2
Profit After Adjustments	-127	-120	46	-48	-122	-55	156	281
Adjusted Earnings Per Share	0	0	0	0	0	-0.5	1.3	2.3

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	84%	15%	15%	0%
Operating Profit CAGR	94%	104%	61%	0%
PAT CAGR	0%	0%	0%	0%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	-17%	NA%	NA%	NA%
ROE Average	39%	13%	1%	-31%
ROCE Average	36%	20%	14%	5%

Devyani International Balance Sheet

#(Fig in Cr.)	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022
Shareholder's Funds	176	87	139	82	-189	114	686
Minority's Interest	25	-20	-34	-46	-39	-42	-5
Borrowings	241	211	272	332	340	359	107
Other Non-Current Liabilities	9	42	52	64	1186	807	1005
Total Current Liabilities	270	276	296	344	578	421	420
Total Liabilities	720	596	725	776	1876	1659	2214
Fixed Assets	491	402	445	537	1635	1392	1756
Other Non-Current Assets	108	82	136	94	98	102	123
Total Current Assets	122	112	144	146	143	165	336
Total Assets	720	596	725	776	1876	1659	2214

Devyani International Cash Flow

#(Fig in Cr.)	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022
Opening Cash & Cash Equivalents	40	46	37	44	27	13	40
Cash Flow from Operating Activities	76	90	91	76	301	240	451
Cash Flow from Investing Activities	-70	-66	-141	-168	-97	-359	-375
Cash Flow from Financing Activities	-2	-32	56	71	-223	142	-58
Net Cash Inflow / Outflow	5	-8	6	-20	-19	23	17
Closing Cash & Cash Equivalent	45	37	44	27	13	40	57

Devyani International Ratios

#	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022
Earnings Per Share (Rs)	0	0	0	0	0	-0.48	1.3
CEPS(Rs)	-0.42	-0.4	0.81	0.16	0.96	1.28	3.12
DPS(Rs)	0	0	0	0	0	0	0
Book NAV/Share(Rs)	0	0	0	0	0	0.97	5.66
Core EBITDA Margin(%)	0.1	3.55	8.46	3.6	13.57	16.6	22.41
EBIT Margin(%)	-8.12	-8.62	5.76	-1.86	2.73	6.07	12.09
Pre Tax Margin(%)	-12.75	-17.04	2.73	-4.81	-7.89	-7.26	5.91
PAT Margin (%)	-12.81	-17.17	2.8	-4.9	-8.01	-7.17	7.44
Cash Profit Margin (%)	-4.38	-4.07	7.76	1.22	6.72	13.05	18.06
ROA(%)	-18.01	-27.33	4.71	-8.85	-9.16	-4.6	8.01
ROE(%)	-74.03	-143.01	30.46	-66.91	0	0	39.06
ROCE(%)	-15.69	-19.68	14.13	-4.67	8.94	14.78	36.09
Receivable days	5.46	5.74	5.95	5.57	4.85	5.5	3.32
Inventory Days	13.89	12.62	12.91	13.4	15.29	21.6	12.93
Payable days	127.37	126.2	130.98	118.88	118.92	172.14	109
PER(x)	0	0	0	0	0	0	135.09
Price/Book(x)	0	0	0	0	0	0	30.97
Dividend Yield(%)	0	0	0	0	0	0	0
EV/Net Sales(x)	0.4	0.36	0.39	0.42	0.42	0.47	10.17
EV/Core EBITDA(x)	127.45	8.17	3.64	9.84	2.76	2.13	43.21
Net Sales Growth(%)	0	3.47	6.03	22.15	11.78	-25.16	83.64
EBIT Growth(%)	0	-9.82	170.82	-139.51	263.79	66.47	265.73
PAT Growth(%)	0	-38.69	117.3	-313.44	-82.78	33.02	290.74
EPS Growth(%)	0	0	0	0	0	58.24	371.14
Debt/Equity(x)	1.99	4.01	2.91	6.92	-2.73	4.12	0.19
Current Ratio(x)	0.45	0.41	0.49	0.42	0.25	0.39	0.8
Quick Ratio(x)	0.31	0.28	0.34	0.26	0.12	0.24	0.6
Interest Cover(x)	-1.75	-1.02	1.9	-0.63	0.26	0.46	1.96
Total Debt/Mcap(x)	0	0	0	0	0	0	0.01

Devyani International Shareholding Pattern

#	Aug 2017	Sep 2018	Sep 2019	Aug 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022
Promoter	78.46	84.62	84.62	62.91	62.91	62.91	62.8	62.8	62.8	62.8
FII	0	0	0	7.28	7.86	7.82	6.9	6.87	8.3	8.82
DII	6.15	0	0	5.56	4.83	4.91	5.75	6.26	7.47	7.88
Public	15.38	15.38	15.38	24.25	24.4	24.35	24.55	24.07	21.43	20.5
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Aug 2017	Sep 2018	Sep 2019	Aug 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022
Promoter	8.33	8.98	8.98	75.66	75.66	75.66	75.66	75.66	75.66	75.66
FII	0	0	0	8.75	9.45	9.41	8.31	8.27	10	10.62
DII	0.65	0	0	6.69	5.8	5.91	6.93	7.54	9	9.49
Public	1.63	1.63	1.63	29.16	29.34	29.28	29.58	29	25.82	24.7
Others	0	0	0	0	0	0	0	0	0	0
Total	10.62	10.62	10.62	120.25	120.25	120.25	120.47	120.47	120.47	120.47