Is Devyani International a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Devyani International Ltd is a average quality company .

Is Devyani International undervalued or overvalued?

The key valuation ratios of Devyani International Ltd's currently when compared to its past seem to suggest it is in the Undervalued zone .

What is Devyani International share price return in the past 10 years?

Data is not available for this company

Is Devyani International a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Devyani International Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

Devyani International Ltd - Stock Valuation and Financial Performance

Name: Devyani International
Brand: Devyani International

BSE: 543330 | NSE: DEVYANI | Consumer Food | Small Cap

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Devyani International Share Price

₹160.95 -3.05 -1.86%
as on 18-Nov'24 16:59

10 Year X-Ray of Devyani International:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Standalone Basis ^P Consolidated Basis ^P

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	TTM
ROCE % ⓘ	0%	0%	-15.7%	-18.3%	14.1%	-4.7%	18.2%	14.8%	36.1%	41.9%	-
Value Creation Index ⓘ	NA	NA	-2.2	-2.4	0.1	-1.4	NA	0.1	1.7	2.1	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	0	0	1,012	1,048	1,111	1,357	1,516	1,135	2,084	2,998	4,334
Sales YoY Gr.	-	NA	NA	3.5%	6%	22.2%	11.8%	-25.2%	83.6%	43.8%	-
Adj EPS ⓘ	0	0	-1.2	-1.1	0.5	-0.4	-0.8	-0.9	1.4	2.3	0.3
YoY Gr.	-	NA	NA	NA	NA	-193.6%	NA	NA	NA	64.3%	-
BVPS (₹) ⓘ	0	0	1.7	0.7	1.2	0.7	-1.9	1	5.7	7.9	9.7
Adj Net Profit ⓘ	0	0	-126	-119	50.2	-47	-83.3	-100	169	277	33
Cash Flow from Ops. ⓘ	0	0	76.5	90.3	91	76.1	301	240	451	637	-
Debt/CF from Ops. ⓘ	0	0	4.6	3.4	4.1	6.4	1.8	1.9	0.3	0.1	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	NA	22%	25.5%	43.8%
Adj EPS ⓘ	NA	37.4%	NA	64.3%
BVPSⓘ	NA	45.6%	NA	39.9%
Share Price	-	-	2.4%	-13.1%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	TTM
Return on Equity % ⓘ	-71.4	-90.3	44.4	-42.5	155.3	265.5	42.3	33.5	3.1
Op. Profit Mgn % ⓘ	0.4	4.4	9.2	3.8	18.3	17.4	22.5	21.9	17.1
Net Profit Mgn % ⓘ	-12.6	-17	3.2	-4.8	-5.5	-9.5	8.1	9.2	0.8
Debt to Equity ⓘ	2	4	2.9	6.9	-2.7	4.1	0.2	0.1	0.6
Working Cap Days ⓘ	0	49	52	51	50	68	52	46	20
Cash Conv. Cycle ⓘ	0	-28	-35	-28	-22	-28	-22	-17	-19

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 25.50%

Sales growth is good in last 4 quarters at 34.70%

Return on Equity has declined versus last 3 years average to 3.10%

Net Profit has been subdued in last 3 years 0.00%

Latest Financials - Devyani International Ltd.

	Standalone	Consolidated
TTM EPS (₹)	-0.5	0.3
TTM Sales (₹ Cr.)	3,223	4,334
BVPS (₹.) ⓘ	9.2	9.7
Reserves (₹ Cr.) ⓘ	991	1,045
P/BV ⓘ	17.79	16.97
PE ⓘ	0.00	612.92

From the Market
52 Week Low / High (₹)	142.05 / 222.75
All Time Low / High (₹)	107.70 / 227.75
Market Cap (₹ Cr.)	19,783
Equity (₹ Cr.)	120.6
Face Value (₹)	1
Industry PE ⓘ	62.8

Management X-Ray of Devyani International:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

* Pledged shares as % of Promoter's holding (%)

Valuation of Devyani International

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Price Chart

Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

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Key Ratios of Devyani International

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Sales	1,012	1,047	1,111	1,357	1,516	1,135	2,084	2,998	3,556
Operating Expenses ⓘ	1,011	1,004	1,015	1,308	1,268	946	1,617	2,343	2,908
Manufacturing Costs	179	172	178	218	247	189	328	501	616
Material Costs	310	321	337	407	460	345	600	899	1,057
Employee Cost	177	174	172	210	225	154	248	345	495
Other Costs ⓘ	346	336	328	472	335	258	440	598	740
Operating Profit ⓘ	1	43	96	49	248	188	467	655	648
Operating Profit Margin (%)	0.1%	4.2%	8.6%	3.6%	16.4%	16.6%	22.4%	21.8%	18.2%
Other Income ⓘ	2	9	25	9	24	64	23	35	33
Interest ⓘ	47	94	34	40	161	151	129	149	189
Depreciation ⓘ	85	137	55	83	223	229	221	279	385
Exceptional Items ⓘ	0	0	0	0	35	46	-17	-20	-104
Profit Before Tax ⓘ	-129	-178	30	-65	-77	-82	123	242	4
Tax ⓘ	1	1	-1	1	2	-1	-32	-21	13
Profit After Tax	-130	-180	31	-66	-79	-81	155	263	-10
PAT Margin (%)	-12.8%	-17.2%	2.8%	-4.9%	-5.2%	-7.2%	7.4%	8.8%	-0.3%
Adjusted EPS (₹)	-1.2	-1.1	0.4	-0.5	-1.2	-0.5	1.3	2.2	0.4
Dividend Payout Ratio (%)	0%	0%	0%	0%	0%	0%	0%	0%	0%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Equity and Liabilities
Shareholders Fund	175	76	128	71	-199	112	682	954	1,031
Share Capital ⓘ	106	106	106	106	106	115	120	120	121
Reserves ⓘ	69	-30	22	-36	-305	-3	561	833	911
Minority Interest	25	-20	-34	-46	-39	-42	-5	-6	293
Debt	273	219	313	400	431	380	108	77	755
Long Term Debt	241	211	272	332	340	359	107	77	726
Short Term Debt	32	8	41	68	90	21	0	1	29
Trade Payables	108	114	128	137	163	162	196	242	376
Others Liabilities ⓘ	138	207	190	214	1,521	1,046	1,233	1,622	2,427
Total Liabilities ⓘ	720	596	725	776	1,876	1,659	2,214	2,889	4,881
Fixed Assets
Gross Block	913	526	610	802	2,032	1,741	2,355	3,271	6,085
Accumulated Depreciation	381	123	165	207	392	346	584	832	1,824
Net Fixed Assetsⓘ	532	402	445	595	1,641	1,395	1,771	2,439	4,260
CWIP ⓘ	38	15	56	12	14	14	7	15	11
Investmentsⓘ	0	4	0	0	0	0	0	0	0
Inventories	39	34	45	55	72	62	85	129	131
Trade Receivables	15	18	18	23	17	17	21	29	53
Cash Equivalents	46	37	45	27	16	41	66	85	181
Others Assetsⓘ	50	85	115	65	117	130	264	191	245
Total Assets ⓘ	720	596	725	776	1,876	1,659	2,214	2,889	4,881

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Cash Flow From Operating Activity ⓘ	76	90	91	76	301	240	451	637	592
PBT ⓘ	-129	-178	30	-65	-120	-64	123	242	4
Adjustment ⓘ	169	248	93	147	399	263	322	418	578
Changes in Working Capital ⓘ	39	22	-29	-5	22	40	16	25	37
Tax Paid ⓘ	-2	0	-3	0	-1	0	-10	-48	-27
Cash Flow From Investing Activity ⓘ	-70	-66	-141	-168	-97	-359	-375	-350	-1,551
Capex	-71	-69	-140	-170	-99	-363	-293	-424	-462
Net Investments	0	-3	-2	0	0	2	-91	69	0
Others ⓘ	1	6	1	1	2	2	9	5	-1,089
Cash Flow From Financing Activityⓘ	-2	-32	56	71	-223	142	-58	-283	889
Net Proceeds from Shares ⓘ	10	2	2	0	0	348	449	2	2
Net Proceeds from Borrowing ⓘ	0	0	0	130	15	-5	-312	-61	805
Interest Paid ⓘ	-36	-24	-27	-34	-156	-132	-123	-143	-191
Dividend Paid ⓘ	0	0	0	0	0	0	0	0	0
Others ⓘ	24	-10	81	-25	-82	-69	-72	-81	273
Net Cash Flow ⓘ	5	-8	6	-20	-19	23	17	5	-69

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Ratios
ROE (%)	-74.03	-143.01	30.46	-66.91	N/A	0	39.06	32.1	-0.97
ROCE (%)	-15.69	-18.31	14.13	-4.67	N/A	14.78	36.09	41.92	12.79
Asset Turnover Ratio	1.41	1.59	1.68	1.81	1.14	0.64	1.08	1.17	0.92
PAT to CFO Conversion(x)	N/A	N/A	2.94	N/A	N/A	N/A	2.91	2.42	N/A
Working Capital Days
Receivable Days	5	6	6	6	5	6	3	3	4
Inventory Days	14	13	13	13	15	22	13	13	13
Payable Days	127	126	131	119	119	172	109	89	107

Devyani International Ltd Stock News

Devyani International Ltd FAQs

What is the share price of Devyani International?

Company share prices are keep on changing according to the market conditions. The closing price of Devyani International on 18-Nov-2024 16:59 is ₹160.9.

What is the market cap of Devyani International?

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 18-Nov-2024 16:59 the market cap of Devyani International stood at ₹19,782.8.

What is the P/E ratio of Devyani International?

The latest P/E ratio of Devyani International as of 18-Nov-2024 16:59 is 0.00.

What is the P/B ratio of Devyani International?

The latest P/B ratio of Devyani International as of 18-Nov-2024 16:59 is 17.79.

What is the 52-week high and low of Devyani International?

The 52-week high of Devyani International is ₹222.8 and the 52-week low is ₹142.1.

What is the TTM revenue of Devyani International?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Devyani International is ₹3,223 ( Cr.) .

About Devyani International Ltd

Devyani International is the largest franchisee of Yum Brands in India and are among the largest operators of chain quick service restaurants (QSR) in India, on a non-exclusive basis, and operate 655 stores across 155 cities in India, as of March 31, 2021, and 696 stores across 166 cities in India, as of June 30, 2021. Yum! Brands Inc. operates brands such as KFC, Pizza Hut and Taco Bell brands and has presence globally with more than 50,000 restaurants in over 150 countries, as of December 31, 20201. In addition, it is a franchisee for the Costa Coffee brand and stores in India.

The company’s business is broadly classified into three verticals that includes stores of KFC, Pizza Hut and Costa Coffee operated in India (KFC, Pizza Hut and Costa Coffee referred to as Core Brands, and such business in India referred to as the Core Brands Business); stores operated outside India primarily comprising KFC and Pizza Hut stores operated in Nepal and Nigeria (International Business); and certain other operations in the F&B industry, including stores of its own brands such as Vaango and Food Street (Other Business).

Business area of the company

The company is the largest franchisee of Yum Brands in India and is among the largest chain operators of quick service restaurants (QSR) in India on a non-exclusive basis.

Awards and accreditations

2015: The Company’s brand Vaango was recognised as a “Promising Brand” by the Economic Times.
2018: The company was certified as a “Great Workplace” by the Great Place to Work Institute, India.
2018: Costa Coffee (T3 International Departure Pier) was awarded the Certificate of Excellence for Outlet of the Year- F&B (International)” by Delhi International Airport Limited at the IGIA Awards 2018.
2018: Grid Bar (T3 Domestic Departure Food Court) was awarded the Certificate of Excellence for Outlet of the Year- F&B (Domestic) by Delhi International Airport Limited at the IGIA Awards 2018.
2019: Pizza Hut and KFC were recognised among the “Most Trusted Brands” in Food Services category in Brand Equity Survey conducted by The Economic Times.
2020: The company was recognised as one of “India’s 100 Best Workplaces for Women 2020” by the Great Place to Work Institute, India.

Major events and milestones

1992: Incorporation of the Company.
1997: The company signed a development agreement with PepsiCo Restaurants International (India) for opening Pizza Hut outlets in North India, pursuant to which its first Pizza Hut outlet was opened in Jaipur.
2002: The company acquired Speciality Restaurants.
2003: Tricon Restaurants (India) issued a letter of intent to the Company for opening Pizza Hut outlets in Kolkata.
2004: Speciality Restaurants Private limited was merged in the Company.
2004: Yum India issued a letter of intent to the Company for opening KFC outlets in Kolkata.
2005: The company signed an International Development Agreement with Costa for opening Costa Coffee outlets in India.
2005: The company’s first KFC store opened in Kolkata.
2010: Opened the first KFC outlet in Nigeria.
2010: Opened the first KFC and Pizza Hut outlets in Nepal.
2010: Devyani Food Street formed in a joint venture with Delhi International Airport and the company.
2011: The company launched its own brand for South Indian QSR- Vaango.
2012: First Pizza Hut Delivery opened in Nepal.
2012: The company acquired 60% stake in Delhi Select Service Hospitality.
2012: IDBI Trusteeship Services, acting through its investment manager, ICICI Venture Funds Management Company invested Rs 991.41 million in the company.
2015: The company acquired Pizza Hut delivery outlets from Yum India in Western and Southern India.
2015: Dunearn invested $4 billion in the Company.
2016: The company acquired the balance 40% stake in DFSPL from Delhi International Airport for an aggregate consideration of $49.20 million.
2017: The company entered into a concession agreement with GMR Hyderabad International Airport to operate and maintain the food court of Hyderabad Airport under the brand name ‘Food Street’.
2019: The company entered into an agreement with Yum India for acquisition of 13 KFC outlets.
2020: The Company entered into an agreement with Yum India for acquisition of 61 KFC outlets.
2021: Yum India invested Rs 2.3 billion in the company.