Jubilant FoodWorks

₹678.6 -9.5 | 1.4%

WEBSITE BSE:533155 NSE : JUBL FOOD 11 Jul, 15:54

Market Cap ₹44777 Cr.

Stock P/E 111.7

P/B 21.3

Current Price ₹678.6

Book Value ₹ 31.9

Face Value 2

52W High ₹796.8

Dividend Yield 0.18%

52W Low ₹ 548.4

Edit Ratio

Jubilant FoodWorks Research see more...

Jubilant FoodWorks Limited Looks fundamentally strong with high growth potential

Jubiliant Foodworks Limited

Jubilant Foodworks: The QSR Giant

Overview Inc. Year: 1995Industry: Consumer Food

Jubilant FoodWorks Ltd is an India-based food service organisation. The Company operates through its beverages and food segment. The Company is engaged in retail sales of food through home-grown and international brands addressing different food market segments. Its international brands include Dunkinâ€™ Donuts, Popeyes and Dominoâ€™s Pizza. The Company has rights to open and operate Dominoâ€™s Pizza Restaurants in India, Bangladesh,Nepal and Srilanka. The Company directly operates Dominoâ€™s Pizza in India and through its subsidiaries in Sri Lanka and Bangladesh. Its home grown brands include ChefBoss, Ekdum and Hongâ€™s Kitchen. Its Hongâ€™s Kitchen is engaged in Chinese cuisine segment. Ekdum offers a range of biryanis curated from various parts of India using authentic ingredients along with a range of kebabs, curries, breads, desserts and beverages. The Company operates approximately 1,500 outlets for Domino's Pizza, Dunkin' Donuts and Hong's Kitchen.

Jubilant FoodWorks Share Price

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Peer Comparison

Jubilant FoodWorks Quarterly Results

#(Fig in Cr.)	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025
Net Sales	1332	1270	1335	1369	1378	1574	1933	1955	2151	2103
Other Income	10	20	9	7	4	20	17	30	17	11
Total Income	1341	1290	1344	1376	1382	1594	1950	1985	2168	2114
Total Expenditure	1045	1021	1059	1091	1098	1262	1550	1556	1749	1715
Operating Profit	296	269	285	284	284	332	400	429	419	399
Interest	52	53	54	57	62	114	134	138	133	117
Depreciation	133	132	136	142	152	169	184	201	208	214
Exceptional Income / Expenses	0	0	0	0	0	170	0	0	-4	0
Profit Before Tax	112	84	95	86	70	219	82	89	74	69
Provision for Tax	31	25	25	23	20	16	19	15	24	19
Profit After Tax	80	60	70	62	50	203	63	74	50	49
Adjustments	-0	-31	-41	35	16	5	-8	-10	-7	-1
Profit After Adjustments	80	29	29	97	66	208	56	64	43	48
Adjusted Earnings Per Share	1.2	0.4	0.4	1.5	1	3.1	0.8	1	0.7	0.7

Jubilant FoodWorks Profit & Loss

#(Fig in Cr.)	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
Net Sales	1736	2093	2438	2583	3018	3563	3927	3312	4396	5158	5654	8142
Other Income	9	8	12	15	23	47	70	73	41	50	42	75
Total Income	1746	2100	2450	2598	3041	3611	3997	3385	4437	5209	5696	8217
Total Expenditure	1487	1838	2174	2342	2578	2963	3052	2541	3287	4007	4511	6570
Operating Profit	259	263	275	256	463	647	945	844	1150	1202	1185	1647
Interest	0	0	0	0	0	0	165	163	176	201	288	522
Depreciation	79	101	128	155	160	157	352	375	393	486	598	807
Exceptional Income / Expenses	0	0	0	-12	0	0	-25	0	-7	0	170	-4
Profit Before Tax	180	161	147	88	303	490	403	306	563	489	486	314
Provision for Tax	62	50	50	30	107	172	124	76	145	136	85	77
Profit After Tax	118	111	97	58	196	318	279	231	418	353	401	236
Adjustments	0	0	0	0	0	2	1	1	2	0	-1	-26
Profit After Adjustments	118	111	97	58	196	320	280	232	420	353	399	211
Adjusted Earnings Per Share	1.8	1.7	1.5	0.9	3	4.8	4.2	3.5	6.4	5.4	6.1	3.2

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	10%	20%	10%	13%
Operating Profit CAGR	-1%	12%	13%	16%
PAT CAGR	14%	20%	5%	13%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	17%	5%	16%	14%
ROE Average	19%	21%	21%	20%
ROCE Average	26%	34%	37%	33%

Jubilant FoodWorks Balance Sheet

#(Fig in Cr.)	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Shareholder's Funds	550	646	762	805	968	1260	1122	1427	1945	2038	2171
Minority's Interest	0	0	0	0	0	3	11	9	10	0	73
Borrowings	0	0	0	0	0	0	0	0	120	183	1195
Other Non-Current Liabilities	46	71	281	312	422	592	2111	2140	2634	3084	3797
Total Current Liabilities	266	358	387	416	474	543	712	861	919	1029	1917
Total Liabilities	862	1075	1430	1533	1864	2398	3955	4438	5628	6333	9152
Fixed Assets	546	737	828	800	789	809	2189	2145	2737	3488	6184
Other Non-Current Assets	128	149	376	493	569	777	908	1454	1969	2159	1812
Total Current Assets	188	188	225	239	505	812	859	838	922	686	1156
Total Assets	862	1075	1430	1533	1864	2398	3955	4438	5628	6333	9152

Jubilant FoodWorks Cash Flow

#(Fig in Cr.)	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Opening Cash & Cash Equivalents	30	24	39	33	34	79	28	196	56	25	30
Cash Flow from Operating Activities	225	276	212	204	409	424	728	751	930	1026	1010
Cash Flow from Investing Activities	-233	-262	-200	-188	-332	-457	-99	-602	-654	-595	-1374
Cash Flow from Financing Activities	1	1	-18	-15	-35	-17	-461	-289	-307	-426	377
Net Cash Inflow / Outflow	-6	15	-6	0	42	-51	168	-140	-31	5	13
Closing Cash & Cash Equivalent	24	39	33	34	76	28	196	56	25	30	131

Jubilant FoodWorks Ratios

#	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Earnings Per Share (Rs)	1.81	1.69	1.47	0.88	2.97	4.85	4.24	3.51	6.37	5.35	6.05
CEPS(Rs)	3.01	3.24	3.42	3.23	5.4	7.21	9.56	9.18	12.29	12.71	15.14
DPS(Rs)	0	0.5	0.5	0.5	1	1	1.2	1.2	1.2	1.2	1.2
Book NAV/Share(Rs)	8.41	9.85	11.42	12.03	14.61	19.02	16.91	21.52	29.33	30.7	32.24
Core EBITDA Margin(%)	14.37	12.19	10.82	9.33	14.58	16.83	22.3	23.29	25.22	22.32	20.22
EBIT Margin(%)	10.38	7.72	6.03	3.42	10.04	13.74	14.46	14.16	16.82	13.38	13.68
Pre Tax Margin(%)	10.38	7.72	6.03	3.42	10.04	13.74	10.26	9.24	12.81	9.47	8.59
PAT Margin (%)	6.81	5.31	3.97	2.24	6.5	8.92	7.1	6.96	9.51	6.84	7.09
Cash Profit Margin (%)	11.34	10.14	9.23	8.25	11.81	13.34	16.07	18.3	18.45	16.26	17.66
ROA(%)	15.62	11.47	7.74	3.9	11.55	14.92	8.78	5.49	8.31	5.9	5.18
ROE(%)	24.14	18.57	13.87	7.48	22.34	28.66	23.51	18.18	24.92	17.83	19.3
ROCE(%)	36.79	27	20.88	11.26	34.19	43.97	47.7	36.79	42.35	32.2	26.23
Receivable days	1.8	1.82	1.82	2.02	1.92	2.21	2.05	1.84	1.61	1.8	9.48
Inventory Days	6	6.66	7.37	8.19	7.55	7.24	7.98	12.56	12.22	11.96	18.94
Payable days	123.28	143.87	169.39	176.54	167.55	166.8	161.05	246.28	197.26	160.64	201.82
PER(x)	59.03	87.29	86.48	126.26	78.24	59.55	69.3	165.94	82.73	82.26	74.08
Price/Book(x)	12.69	15.01	11.15	9.2	15.93	15.17	17.38	27.08	17.97	14.34	13.91
Dividend Yield(%)	0	0.17	0.2	0.23	0.21	0.35	0.41	0.21	0.23	0.27	0.27
EV/Net Sales(x)	4.01	4.61	3.42	2.81	5.04	5.21	4.77	11.44	7.81	5.62	5.47
EV/Core EBITDA(x)	26.86	36.78	30.32	28.37	32.87	28.66	19.83	44.9	29.85	24.11	26.1
Net Sales Growth(%)	22.77	20.53	16.5	5.96	16.84	18.05	10.22	-15.67	32.74	17.34	9.61
EBIT Growth(%)	-7.06	-10.41	-8.96	-39.96	243.33	61.58	16	-17.46	57.69	-6.68	12.11
PAT Growth(%)	-9.81	-6.05	-12.78	-40.37	239.64	62.05	-12.32	-17.32	81.37	-15.56	13.52
EPS Growth(%)	-10.02	-6.24	-13.07	-40.51	239.44	62.97	-12.45	-17.26	81.47	-15.98	13.06
Debt/Equity(x)	0	0	0	0	0	0	0	0	0.06	0.09	0.71
Current Ratio(x)	0.71	0.53	0.58	0.58	1.07	1.49	1.21	0.97	1	0.67	0.6
Quick Ratio(x)	0.62	0.42	0.44	0.43	0.94	1.35	1.07	0.82	0.83	0.49	0.39
Interest Cover(x)	0	0	0	0	0	0	3.44	2.88	4.2	3.43	2.69
Total Debt/Mcap(x)	0	0	0	0	0	0	0	0	0	0.01	0.05

Jubilant FoodWorks Shareholding Pattern

#	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025
Promoter	41.94	41.94	41.94	41.94	41.94	41.94	41.94	41.94	41.94	41.94
FII	26.77	25.39	25.22	26.14	27.75	23.24	20.39	21	21.26	20.55
DII	20.89	21.85	22.52	22.35	22.13	26.05	29.89	30.38	30.38	31.23
Public	10.4	10.82	10.32	9.57	8.19	8.77	7.78	6.67	6.42	6.28
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025
Promoter	27.67	27.67	27.67	27.67	27.67	27.67	27.67	27.67	27.67	27.67
FII	17.67	16.75	16.64	17.25	18.31	15.33	13.45	13.86	14.03	13.56
DII	13.78	14.42	14.86	14.75	14.6	17.19	19.72	20.05	20.05	20.61
Public	6.86	7.14	6.81	6.32	5.4	5.79	5.14	4.4	4.24	4.15
Others	0	0	0	0	0	0	0	0	0	0
Total	65.98	65.98	65.98	65.98	65.98	65.98	65.98	65.98	65.98	65.98

Pros

Company has a good return on equity (ROE) track record: 3 Years ROE 21%

Cons

Promoter holding is low: 41.94%.
Debtor days have increased from 160.64 to 201.82days.
Stock is trading at 21.3 times its book value.
The company has delivered a poor profit growth of 4% over past five years.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.