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Devyani Internatl. Overview

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, ...Read More

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Devyani Internatl. Key Financials

Market Cap ₹16290 Cr.

Stock P/E -2360.9

P/B 10.5

Current Price ₹132.1

Book Value ₹ 12.6

Face Value 1

52W High ₹193.8

Dividend Yield 0%

52W Low ₹ 122.7

Devyani Internatl. Share Price

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Volume
Price

Devyani Internatl. Quarterly Price

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Devyani Internatl. Peer Comparison

Devyani Internatl. Quarterly Results

#(Fig in Cr.) Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025
Net Sales 847 819 843 1047 1222 1222 1294 1213 1357 1377
Other Income 7 7 5 14 10 5 9 13 14 8
Total Income 853 826 848 1061 1232 1227 1303 1226 1370 1385
Total Expenditure 721 665 697 917 1006 1026 1081 1027 1151 1188
Operating Profit 133 161 151 145 226 201 222 199 220 197
Interest 40 42 48 57 63 65 67 70 67 69
Depreciation 80 86 93 126 132 139 147 152 150 155
Exceptional Income / Expenses 0 -14 0 0 0 0 0 0 0 0
Profit Before Tax 13 19 10 -38 31 -4 9 -22 3 -27
Provision for Tax 15 -17 5 11 8 1 16 -6 1 -5
Profit After Tax -2 36 5 -49 22 -5 -8 -17 3 -21
Adjustments 13 -2 5 41 8 5 7 2 1 -1
Profit After Adjustments 12 33 10 -7 30 0 -0 -15 4 -22
Adjusted Earnings Per Share 0.1 0.3 0.1 -0.1 0.2 0 -0 -0.1 0 -0.2

Devyani Internatl. Profit & Loss

#(Fig in Cr.) Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 1012 1047 1111 1357 1516 1135 2084 2998 3556 4951 5241
Other Income 2 9 25 9 24 64 23 35 32 37 44
Total Income 1015 1056 1136 1365 1541 1199 2107 3033 3589 4988 5284
Total Expenditure 1011 1004 1015 1308 1268 946 1617 2343 2997 4138 4447
Operating Profit 3 52 121 58 273 252 490 690 591 850 838
Interest 47 94 34 40 161 151 129 149 189 267 273
Depreciation 85 137 55 83 223 229 221 279 385 570 604
Exceptional Income / Expenses 0 0 0 0 35 46 -17 -20 -14 0 0
Profit Before Tax -129 -178 30 -65 -77 -82 123 242 4 13 -37
Provision for Tax 1 1 -1 1 2 -1 -32 -21 13 20 6
Profit After Tax -130 -180 31 -66 -79 -81 155 263 -10 -7 -43
Adjustments 2 60 15 18 -43 26 1 2 57 16 9
Profit After Adjustments -127 -120 46 -48 -122 -55 156 265 47 9 -33
Adjusted Earnings Per Share -1.2 -1.1 0.4 -0.5 -1.1 -0.5 1.3 2.2 0.4 0.1 -0.3

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 39% 33% 27% 0%
Operating Profit CAGR 44% 20% 26% 0%
PAT CAGR 0% NAN% 0% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR -28% -6% NA% NA%
ROE Average -1% 10% 14% -18%
ROCE Average 14% 23% 24% 11%

Devyani Internatl. Balance Sheet

#(Fig in Cr.) Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 176 87 139 82 -189 114 686 970 1056 1094
Minority's Interest 25 -20 -34 -46 -39 -42 -5 -6 293 308
Borrowings 241 211 272 332 340 359 107 77 726 670
Other Non-Current Liabilities 9 42 52 64 1186 807 1005 1316 1871 2096
Total Current Liabilities 270 276 296 344 578 421 420 532 936 1113
Total Liabilities 720 596 725 776 1876 1659 2214 2889 4881 5281
Fixed Assets 491 402 445 537 1594 1347 1720 2391 4190 4596
Other Non-Current Assets 108 82 136 94 139 148 158 188 205 211
Total Current Assets 122 112 144 146 143 165 336 310 486 474
Total Assets 720 596 725 776 1876 1659 2214 2889 4881 5281

Devyani Internatl. Cash Flow

#(Fig in Cr.) Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 40 46 37 44 27 13 40 57 63 168
Cash Flow from Operating Activities 76 90 91 76 301 240 451 637 592 900
Cash Flow from Investing Activities -70 -66 -141 -168 -97 -359 -375 -350 -1551 -462
Cash Flow from Financing Activities -2 -32 56 71 -223 142 -58 -283 889 -425
Net Cash Inflow / Outflow 5 -8 6 -20 -19 23 17 5 -69 13
Closing Cash & Cash Equivalent 45 37 44 27 13 40 57 63 168 181

Devyani Internatl. Ratios

# Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) -1.2 -1.13 0.43 -0.46 -1.15 -0.48 1.3 2.2 0.39 0.08
CEPS(Rs) -0.42 -0.4 0.81 0.16 1.36 1.28 3.12 4.49 3.11 4.67
DPS(Rs) 0 0 0 0 0 0 0 0 0 0
Book NAV/Share(Rs) 1.65 0.72 1.21 0.66 -1.88 0.97 5.66 7.92 8.55 9.01
Core EBITDA Margin(%) 0.1 4.15 8.61 3.6 16.38 16.6 22.41 21.84 15.72 16.43
EBIT Margin(%) -8.12 -8.02 5.76 -1.86 5.54 6.07 12.09 13.05 5.42 5.66
Pre Tax Margin(%) -12.75 -17.04 2.73 -4.81 -5.07 -7.26 5.91 8.07 0.1 0.26
PAT Margin (%) -12.81 -17.17 2.8 -4.9 -5.19 -7.17 7.44 8.76 -0.27 -0.14
Cash Profit Margin (%) -4.38 -4.07 7.76 1.22 9.53 13.05 18.06 18.06 10.55 11.37
ROA(%) -18.01 -27.33 4.71 -8.85 -5.94 -4.6 8.01 10.29 -0.25 -0.14
ROE(%) -74.03 -143.01 30.46 -66.91 0 0 39.06 32.1 -0.97 -0.65
ROCE(%) -15.69 -18.31 14.13 -4.67 18.17 14.78 36.09 41.92 12.79 14.03
Receivable days 5.46 5.74 5.95 5.57 4.85 5.5 3.32 3.04 4.19 3.47
Inventory Days 13.89 12.62 12.91 13.4 15.29 21.6 12.93 13.06 13.35 10.29
Payable days 127.37 126.2 130.98 118.88 118.92 172.14 109 89.01 106.67 96.87
PER(x) 0 0 0 0 0 0 135.09 65.73 383.9 1965.04
Price/Book(x) 0 0 0 0 0 0 30.97 18.26 17.59 16.54
Dividend Yield(%) 0 0 0 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 5.81 5.31 3.78
EV/Core EBITDA(x) 127.45 7.19 3.59 9.84 2.33 2.13 43.21 25.23 31.91 22.01
Net Sales Growth(%) 0 3.47 6.03 22.15 11.78 -25.16 83.64 43.84 18.63 39.22
EBIT Growth(%) 0 -2.19 176.11 -139.51 432.72 -18.05 265.73 55.34 -50.76 45.41
PAT Growth(%) 0 -38.69 117.3 -313.44 -18.55 -3.27 290.74 69.24 -103.68 28.51
EPS Growth(%) 0 5.63 138.28 -205.17 -151.67 58.24 371.15 69.47 -82.18 -80.66
Debt/Equity(x) 1.99 4.01 2.91 6.92 -2.73 4.12 0.19 0.08 0.88 0.86
Current Ratio(x) 0.45 0.41 0.49 0.42 0.25 0.39 0.8 0.58 0.52 0.43
Quick Ratio(x) 0.31 0.28 0.34 0.26 0.12 0.24 0.6 0.34 0.38 0.29
Interest Cover(x) -1.75 -0.89 1.9 -0.63 0.52 0.46 1.96 2.62 1.02 1.05
Total Debt/Mcap(x) 0 0 0 0 0 0 0.01 0 0.05 0.05

Devyani Internatl. Shareholding Pattern

# Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Promoter 62.74 62.74 62.74 62.73 62.72 62.72 62.72 62.62 61.42 61.37
FII 13.34 12.47 12.44 11.69 11.17 11.17 10.46 9.42 6.55 5.77
DII 8.24 8.53 12.19 14.19 15.38 15.46 16.87 18.08 19.76 19.44
Public 15.68 16.26 12.63 11.4 10.73 10.65 9.95 9.88 12.28 13.42
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Devyani Internatl. News

Devyani Internatl. Pros & Cons

Pros

  • Debtor days have improved from 106.67 to 96.87days.
  • Company has reduced debt.

Cons

  • Company has a low return on equity of 10% over the last 3 years.
  • Stock is trading at 10.5 times its book value.
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