Past 10 year’s financial track record analysis by Moneyworks4me indicates that Grill Splendour Services Ltd is a below average quality company.
The key valuation ratios of Grill Splendour Services Ltd's currently when compared to its past seem to suggest it is in the Fair zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Grill Splendour Services Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|
| ROCE % ⓘ | 6.5% | 12.4% | 86.1% | 4.3% | - |
| Value Creation Index ⓘ | NA | -0.1 | 5.2 | -0.7 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||
| Sales ⓘ | 8.3 | 11.5 | 15.3 | 13.5 | 13 |
| Sales YoY Gr. | - | 39.4% | 33% | -11.9% | - |
| Adj EPS ⓘ | -0.2 | 0.2 | 13.2 | -0.6 | -0.5 |
| YoY Gr. | - | NA | 5634.8% | -104.7% | - |
| BVPS (₹) ⓘ | -0.1 | 0.1 | 13.3 | 10.7 | 39.5 |
| Adj Net Profit ⓘ | 0 | 0 | 2 | -0.2 | 0 |
| Cash Flow from Ops. ⓘ | 0.3 | 0 | 2.4 | -0.1 | - |
| Debt/CF from Ops. ⓘ | 3.1 | 50 | 1.3 | -131.3 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | NA | NA | 17.8% | -11.9% | ||||
| Adj EPS ⓘ | NA | NA | NA | -104.7% | ||||
| BVPSⓘ | NA | NA | NA | -19.7% | ||||
| Share Price | - | - | - | - | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|
| Return on Equity % ⓘ | 205.1 | -8650 | 196.7 | -7.8 | -1.8 |
| Op. Profit Mgn % ⓘ | 1.5 | 2.1 | 18.9 | 5.3 | NAN |
| Net Profit Mgn % ⓘ | -0.4 | 0.3 | 13 | -1.8 | -1.8 |
| Debt to Equity ⓘ | -55 | 79.6 | 1.5 | 3.8 | - |
| Working Cap Days ⓘ | 0 | 53 | 82 | 336 | 0 |
| Cash Conv. Cycle ⓘ | 0 | -25 | -28 | -34 | 0 |
Sales growth is growing at healthy rate in last 3 years 17.75%
Debt to equity has declined versus last 3 years average to 3.78
Return on Equity is Poor
Sales growth is not so good in last 4 quarters at 0.00%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | -0.5 | - |
| TTM Sales (₹ Cr.) | 13.5 | - |
| BVPS (₹.) ⓘ | 39.5 | - |
| Reserves (₹ Cr.) ⓘ | 15 | - |
| P/BV ⓘ | 2.15 | - |
| PE ⓘ | 0.00 | - |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 0.00 / 0.00 |
| All Time Low / High (₹) | - / - |
| Market Cap (₹ Cr.) | 44.3 |
| Equity (₹ Cr.) | 5.2 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 93.5 |
| Pledged * | 0.00 |
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|
| Sales | 8.25 | 11.50 | 15.29 | 13.47 |
| Operating Expenses ⓘ | 8.13 | 11.26 | 12.41 | 12.75 |
| Manufacturing Costs | 1.14 | 1.10 | 1.48 | 1.88 |
| Material Costs | 2.52 | 3.55 | 3.31 | 3.27 |
| Employee Cost | 1.99 | 2.54 | 3.26 | 2.75 |
| Other Costs ⓘ | 2.47 | 4.07 | 4.37 | 4.85 |
| Operating Profit ⓘ | 0.12 | 0.25 | 2.88 | 0.71 |
| Operating Profit Margin (%) | 1.5% | 2.1% | 18.9% | 5.3% |
| Other Income ⓘ | 0.01 | 0.02 | 0.02 | 0.02 |
| Interest ⓘ | 0.10 | 0.11 | 0.23 | 0.76 |
| Depreciation ⓘ | 0.06 | 0.12 | 0.16 | 0.20 |
| Exceptional Items ⓘ | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | -0.04 | 0.03 | 2.51 | -0.23 |
| Tax ⓘ | 0 | 0 | 0.52 | 0.01 |
| Profit After Tax | -0.04 | 0.03 | 1.99 | -0.24 |
| PAT Margin (%) | -0.4% | 0.3% | 13.0% | -1.8% |
| Adjusted EPS (₹) | -0.2 | 0.2 | 13.2 | -0.6 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | -0.02 | 0.02 | 2.01 | 4.10 | ||||||
| Share Capital ⓘ | 0.01 | 0.01 | 0.01 | 3.84 | ||||||
| Reserves ⓘ | -0.03 | 0.01 | 2 | 0.26 | ||||||
| Minority Interest | 0 | 0 | 0 | 0 | ||||||
| Debt | 0.87 | 1.24 | 2.80 | 3.39 | ||||||
| Long Term Debt | 0.65 | 1.16 | 2.02 | 2.93 | ||||||
| Short Term Debt | 0.22 | 0.07 | 0.78 | 0.47 | ||||||
| Trade Payables | 0.93 | 0.85 | 1.30 | 1.86 | ||||||
| Others Liabilities ⓘ | 0.89 | 0.80 | 1.46 | 12.77 | ||||||
| Total Liabilities ⓘ | 2.66 | 2.91 | 7.56 | 22.12 | ||||||
Fixed Assets | ||||||||||
| Gross Block | 1.02 | 1.34 | 1.76 | 2.34 | ||||||
| Accumulated Depreciation | 0.07 | 0.19 | 0.36 | 0.57 | ||||||
| Net Fixed Assetsⓘ | 0.95 | 1.15 | 1.40 | 1.77 | ||||||
| CWIP ⓘ | 0 | 0 | 0 | 0 | ||||||
| Investmentsⓘ | 0 | 0 | 0 | 0 | ||||||
| Inventories | 0.28 | 0.24 | 0.20 | 0.19 | ||||||
| Trade Receivables | 0.11 | 0.12 | 0.66 | 0.83 | ||||||
| Cash Equivalents | 0.07 | 0.08 | 0.99 | 0.74 | ||||||
| Others Assetsⓘ | 1.24 | 1.32 | 4.30 | 18.58 | ||||||
| Total Assets ⓘ | 2.66 | 2.91 | 7.56 | 22.12 | ||||||
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 0.32 | 0.03 | 2.35 | -0.12 |
| PBT ⓘ | -0.04 | 0.03 | 1.99 | -0.24 |
| Adjustment ⓘ | 0.16 | 0.21 | 0.37 | 0.95 |
| Changes in Working Capital ⓘ | 0.2 | -0.22 | -0.01 | -0.83 |
| Tax Paid ⓘ | 0 | 0 | 0 | 0 |
| Cash Flow From Investing Activity ⓘ | -0.74 | -0.29 | -2.91 | -15.65 |
| Capex | -0.64 | -0.32 | -0.42 | -0.57 |
| Net Investments | 0 | 0 | 0 | 0 |
| Others ⓘ | -0.10 | 0.03 | -2.49 | -15.08 |
| Cash Flow From Financing Activityⓘ | 0.40 | 0.26 | 1.47 | 15.52 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 0 | 3.83 |
| Net Proceeds from Borrowing ⓘ | 0.65 | 0.51 | 0.85 | 0.91 |
| Interest Paid ⓘ | -0.10 | -0.11 | -0.23 | -0.76 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 |
| Others ⓘ | -0.15 | -0.14 | 0.85 | 11.55 |
| Net Cash Flow ⓘ | -0.02 | 0 | 0.91 | -0.24 |
| PARTICULARS | Mar'21 | Mar'22 | Mar'23 | Mar'24 | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | N/A | 0 | 196.66 | -7.78 | ||||||
| ROCE (%) | N/A | 12.36 | 86.08 | 4.32 | ||||||
| Asset Turnover Ratio | 3.1 | 4.13 | 2.92 | 0.91 | ||||||
| PAT to CFO Conversion(x) | N/A | 1 | 1.18 | N/A | Working Capital Days | |||||
| Receivable Days | 5 | 4 | 9 | 20 | ||||||
| Inventory Days | 12 | 8 | 5 | 5 | ||||||
| Payable Days | 134 | 91 | 119 | 176 | ||||||
Grill Splendour Services Limited was incorporated as Grill Splendour Services Private Limited on November 29, 2019 under the Companies Act, 2013 with the Registrar of Companies, Mumbai. The status of the Company was changed to public limited and the name of the Company was changed to Grill Splendour Services Limited vide Special Resolution dated August 14, 2023 pursuant to conversion of the Company into public limited Company. The fresh certificate of incorporation consequent to conversion was issued on September 06, 2023 by the Registrar of Companies, Mumbai.
The company is engaged in the business of selling Bakery and patisserie food items through chain of Birdy’s store. The company is a chain of gourmet Bakery and Patisserie spread across Mumbai through retail stores, a centralized production facility and multiple corporate clients. It offers fresh food products from traditional to ‘made to order’ as required by the Customers. The company was incorporated in November 2019 as a hospitality company to acquire the bakery and confectionary business along with brand Birdy’s Bakery and Patisserie from WAH Restaurants. The acquisition was done via a Business Transfer and Intellectual Property Assignment Agreement dated December 27, 2019 (Acquisition Agreement). After that the company proceeded to invest in the business and grow the brand and spread presence. The brand Birdy’s was originally set up as ‘Birdy’s by Taj’. Over a period, it was sold to WAH Restaurants and from them the same was acquired by the company vide above referred Acquisition Agreement. The primary focus of the Company was to bring back the quality and sheen of the brand.
Its production facility is largely based on a manual production format. The food items are handmade by its chefs and they are of various varieties / sizes and types accordingly, there is no possibility to work out capacity. Hence capacity and capacity utilization does not apply to its business. The Promoters of the company, Srinidhi V Rao and Vandana Srinidhi Rao, individually have many years of experience in Hospitality industry. Its vision is to make available affordable experiential stores to meet every aspirational needs of individuals. Its Promoters inspirational leadership has led Grill Splendour Services (GSSL) to be recognised as one of the trusted food chains in its region. Further, the Company is managed by a team of experienced personnel. The team comprises of personnel having customer relationship, operational, marketing and business development experience.
Business area of the company
The company is engaged in the business of selling Bakery and patisserie food items through chain of Birdy’s store. The company is a chain of gourmet Bakery and Patisserie spread across Mumbai through retail stores.
Products of the company
History and milestones
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MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
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Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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