Devyani International Ltd
DEVYANIDevyani International Ltd
DEVYANIPrice Chart
Scorecard
Performance
LowHasn't fared well - amongst the low performers
Valuation
HighSeems to be overvalued vs the market average
Growth
LowLagging behind the market in financials growth
Profitability
HighShowing good signs of profitability & efficiency
Entry point
AvgThe stock is not in the overbought zone
Red flags
LowNo red flag found
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Key Metrics
No LabelNo Label | PB RatioPB Ratio | Dividend YieldDiv. Yield |
---|---|---|
636.04 | 15.23 | — |
Sector PESector PE | Sector PBSector PB | Sector Div YldSctr Div Yld |
---|---|---|
39.16 | 6.81 | 0.72% |
Forecast & Ratings
Detailed Forecast from 19 analysts
Price
Price Upside
Earnings
Earnings Growth
Revenue
Rev. Growth
Company Profile
The company operates quick service restaurants (QSR) chains. The Company is the franchisee of Yum Brands, KFC, Pizza Hut, TWG Tea and Costa Coffee. The Company is engaged in providing services under its brand name Vaango.
Investor Presentation
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Compare with peersJubilant Foodworks Ltd
Westlife Foodworld Ltd
Sapphire Foods India Ltd
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Forecasts
Price
Revenue
Earnings
Price Forecast
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Revenue Forecast
All values in ₹ Thousand cr.
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Earnings Per Share Forecast
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Income
Balance Sheet
Cash Flow
Income Statement
Financial Year | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | TTM | ||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Total Revenue | 1,014.53 | 1,056.19 | 1,135.67 | 1,336.83 | 1,569.62 | 1,274.12 | 2,103.38 | 3,030.31 | 3,588.96 | 4,367.96 | ||||||||||
Raw Materials | 310.43 | 321.42 | 350.55 | 388.87 | 460.40 | 344.66 | 599.85 | 898.63 | 1,056.57 | 3,646.20 | ||||||||||
Power & Fuel Cost | 72.75 | 71.75 | 72.52 | 89.81 | 100.06 | 68.10 | 116.00 | 196.41 | 239.12 | |||||||||||
Employee Cost | 176.51 | 174.50 | 172.21 | 191.57 | 225.49 | 154.33 | 248.24 | 345.17 | 494.98 | |||||||||||
Selling & Administrative Expenses | 348.10 | 279.28 | 278.73 | 296.49 | 370.45 | 269.87 | 554.63 | 571.63 | 703.27 | |||||||||||
Operating & Other expenses | 107.61 | 162.25 | 142.68 | 123.14 | 148.54 | 117.17 | 111.46 | 349.00 | 511.67 | |||||||||||
EBITDA | -0.87 | 46.99 | 118.98 | 246.95 | 264.68 | 319.99 | 473.20 | 669.47 | 583.35 | 721.76 | ||||||||||
Depreciation/Amortization | 85.39 | 137.25 | 55.06 | 202.83 | 223.31 | 229.45 | 221.33 | 278.22 | 390.70 | 490.22 | ||||||||||
PBIT | -86.26 | -90.26 | 63.92 | 44.12 | 41.37 | 90.54 | 251.87 | 391.25 | 192.65 | 231.54 | ||||||||||
Interest & Other Items | 42.79 | 88.21 | 33.64 | 136.98 | 160.95 | 154.59 | 128.73 | 149.33 | 188.98 | 233.23 | ||||||||||
PBT | -129.05 | -178.47 | 30.28 | -92.86 | -119.58 | -64.05 | 123.14 | 241.92 | 3.67 | -1.69 | ||||||||||
Taxes & Other Items | -1.79 | -58.40 | -15.69 | -13.62 | 2.10 | -8.84 | -33.19 | -23.07 | -43.60 | -33.98 | ||||||||||
Net Income | -127.26 | -120.07 | 45.97 | -79.24 | -121.68 | -55.21 | 156.33 | 264.99 | 47.27 | 32.29 | ||||||||||
EPS | -1.20 | -1.13 | 0.43 | -0.75 | -1.15 | -0.50 | 1.33 | 2.20 | 0.39 | 0.27 | ||||||||||
DPS | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | ||||||||||
Payout ratio | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Company Updates
Investor Presentation
Peers & Comparison
Consumer DiscretionaryRestaurants & Cafes
Valuation
Technical
Forecast
Stock | PE RatioPE Ratio | PB RatioPB Ratio | Div. YieldDividend Yield |
---|---|---|---|
Devyani International Ltd | 434.48 | 15.23 | — |
Jubilant Foodworks Ltd | 111.27 | 19.81 | 0.18% |
Westlife Foodworld Ltd | 187.73 | 22.09 | 0.41% |
Sapphire Foods India Ltd | 187.92 | 7.41 | — |
Price Comparison
Compare DEVYANI with any stock or ETFShareholdings
Promoter Holdings Trend
Total Promoter Holding
In last 6 months, promoter holding in the company has almost stayed constant
Low Pledged Promoter Holding
Pledged promoter holdings is insignificant
Institutional Holdings Trend
Total Retail Holding
In last 3 months, retail holding in the company has almost stayed constant
Foreign Institutional Holding
In last 3 months, foreign institutional holding of the company has almost stayed constant
Shareholding Pattern
Dec 2023
Mar 2024
Jun 2024
Sep 2024
Shareholding History
Mutual Funds Holding Trend
Mutual Fund Holding
In last 3 months, mutual fund holding of the company has almost stayed constant
Top 5 Mutual Funds holding Devyani International Ltd
Funds (Top 5) | The rupee value of the stock held by the fund divided by the stock’s market cap Market-cap held | Percentage of the fund’s portfolio invested in the stock Weight | Change in the portfolio weight of the stock over the last 3 months 3M holding change | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months Portfolio rank(3M change) |
---|---|---|---|---|
Nippon India Growth Fund - Growth Option - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 1.3310% | Percentage of the fund’s portfolio invested in the stock 0.79% | Change in the portfolio weight of the stock over the last 3 months -0.07% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 68/103 (-2) |
Nippon India Multi Cap Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 1.2324% | Percentage of the fund’s portfolio invested in the stock 0.65% | Change in the portfolio weight of the stock over the last 3 months -0.04% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 44/121 (0) |
Franklin India Flexi Cap Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 0.8083% | Percentage of the fund’s portfolio invested in the stock 0.94% | Change in the portfolio weight of the stock over the last 3 months -0.06% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 37/63 (-1) |
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Events
Dividend Trend
No Dividends
DEVYANI has not given any dividends in last 5 years
Dividends
Corp. Actions
Announcements
Legal Orders
Dividends
Net profit of Devyani International declined 99.94% to Rs 0.02 crore in the quarter ended September 2024 as against Rs 33.35 crore during the previous quarter ended September 2023. Sales rose 49.14% to Rs 1222.16 crore in the quarter ended September 2024 as against Rs 819.47 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales1222.16819.47 49 OPM %16.0118.84 - PBDT135.21119.35 13 PBT-3.9133.01 PL NP0.0233.35 -100 Powered by Capital Market - Live
Revenue from operations was at Rs 1,222.2 crore in the second quarter of FY25, marking a growth of 49.14% as against Rs 819.47 crore posted in Q2 FY24. The firm reported pre tax loss of Rs 3.91 crore in Q2 FY25 as against profit before tax of Rs 19.01 crore posted in corresponding quarter previous fiscal. Total expenses rose by 55.21% to Rs 1,230.9 crore in Q2 FY25 as compared with Q2 FY24. Material cost was at Rs 373.63 crore (up 56.83% YoY) and employee benefits expense stood at Rs 183.42 crore (up 65.34% YoY) during the quarter. Consolidated EBITDA was at Rs 198.70 crore in the second quarter of FY25, up 25.12% as against Rs 158.80 crore posted in Q2 FY24. EBITDA margin reduced to 16.3% in Q2 FY25 as against 19.4% posted in Q2 FY24. Devyani International said that it has opened 85 net new stores, taking the total store count to 1,921 as of 30 September 2024 ' on track to achieve the guidance of 2,000 stores in FY25. Meanwhlie, the company announced that it has secured Exclusive Master Franchise rights for three modern QSR brands: TeaLive, New York Fries and SANOOK KITCHEN. Each partnership is unique and shall help DIL to achieve its growth strategy. Ravi Jaipuria, Non-Executive Chairman, Devyani International said, 'We are happy to welcome new brands to DIL family, catering to youth categories such as handcrafted tea, fresh cut fries and authentic Thai & Asian cuisine. The new partnerships reflect our commitment to bringing diverse, high-quality contemporary food & beverages brands to our customers, while driving sustainable growth for DIL. With exclusive rights for these brands in India, DIL is consolidating its strategy of 'FOOD ON THE GO' and 'HOUSE OF BRANDS'. We remain committed to our investments across DIL's brand portfolio to broaden our reach, engage target consumers, and seize growth opportunities across the country. While we recognize the current subdued environment in the QSR industry, we are confident that the current headwinds are transient in nature. As firm believers in India's growth story, we are wellpositioned to capitalize on future opportunities and delivering value to all our stakeholders.' Devyani International (DIL), among the fastest growing Chain Quick Service Restaurant (QSR) operators in the country, is the largest franchisee for Yum Brands (KFC & Pizza Hut) in India. The Company is also the sole franchisee for Costa Coffee Brand and stores in India. In addition, DIL caters to the South Indian vegetarian food lovers with Vaango, launched over a decade ago and is a prominent Brand in the Food Retail Business (FRB) category with its Food Courts. DIL has a strong presence across Airports in India where it serves a variety of F&B offerings. The scrip advanced 4.57% to currently trade at Rs 178.55 on the BSE. Powered by Capital Market - Live
Devyani International will hold a meeting of the Board of Directors of the Company on 11 November 2024.Powered by Capital Market - Live
Devyani International Shares See Profit Booking After Q1 Profit
Devyani International Q1 Results: Company reports net profit of Rs 22 crore versus loss YoY; revenue jumps 44%
Devyani Intl records PAT of over Rs 22 crore in Q1; total store count rises to 1,836 outlets
Devyani International consolidated net profit rises 156.04% in the June 2024 quarter
Revenue from operations increased by 44% year-over-year to Rs 1,221.9 crore in the June'24 quarter. Total expenses rose by 46% to Rs 621.6 crore in Q1 FY25 as compared with Q1 FY24, due to higher raw material cost (up 53% YoY), higher employee benefits expense (up 50% YoY) and higher other expenses (up 44% YoY). While EBITDA improved by 29% to Rs 223.4 crore, EBITDA margin declined by 220 basis points to 18.3% in Q1 FY25 as compared with the same period last year. Profit before tax in Q1 FY25 stood at Rs 30.5 crore, which is significantly higher as compared with the PBT of Rs 13 crore posted in Q1 FY24. Devyani International said that it has opened 54 net new stores, taking the total store count to 1,836. It expects to open 250 ' 275 new stores in FY25. Ravi Jaipuria, non-executive chairman, Devyani International, said: 'We witnessed an improved performance for DIL in Q1, driven by seasonality and cost leverage from better ADS across our businesses. Our Thailand business also demonstrates growth with new store openings and a customer delight strategy. We remain committed to expanding our store footprint and making our brands more accessible to our consumers. As announced earlier, we are on track to achieve a total store count of 2,000 stores within the current financial year. We are also focused on enhancing various institutional businesses, including food courts and airport presence. We are delighted with the positive progress in Q1 and shall continue to be relentless in our plans for the upcoming quarters.' Devyani International (DIL), among the fastest growing Chain Quick Service Restaurant (QSR) operators in the country, is the largest franchisee for Yum Brands (KFC & Pizza Hut) in India. The Company is also the sole franchisee for Costa Coffee Brand and stores in India. In addition, DIL caters to the South Indian vegetarian food lovers with Vaango, launched over a decade ago and is a prominent Brand in the Food Retail Business (FRB) category with its Food Courts. DIL has a strong presence across Airports in India where it serves a variety of F&B offerings. The scrip fell 2.89% to currently trade at Rs 173 on the BSE. Powered by Capital Market - Live
Net profit of Devyani International rose 156.04% to Rs 30.11 crore in the quarter ended June 2024 as against Rs 11.76 crore during the previous quarter ended June 2023. Sales rose 44.33% to Rs 1221.90 crore in the quarter ended June 2024 as against Rs 846.63 crore during the previous quarter ended June 2023. ParticularsQuarter EndedJun. 2024Jun. 2023% Var. Sales1221.90846.63 44 OPM %17.6614.90 - PBDT162.7492.56 76 PBT30.5312.96 136 NP30.1111.76 156 Powered by Capital Market - Live
Stock to buy today: Devyani International (₹174.5)
Higher than Industry Revenue Growth
Over the last 5 years, revenue has grown at a yearly rate of 21.84%, vs industry avg of 6.4%
Increasing Market Share
Over the last 5 years, market share increased from 10.13% to 17.53%