Key Financials Snapshot

TTM · Consolidated · ₹ in Cr
Market Cap
₹638 Cr.
Stock P/E
30.8
P/B
1.8
Current Price
₹132.3
Book Value
₹ 73.3
Face Value
10
52W High
₹167.3
52W Low
₹ 83.4
Dividend Yield
0.76%

Speciality Restauran Overview

Business

Speciality Restaurants Ltd. is an Indian restaurant company that owns, operates, and franchises a chain of fine dining and casual dining restaurants. Its core business model revolves around creating and managing various restaurant brands specializing in specific cuisines, primarily Indian, Chinese, and Bengali. The company makes money by selling food and beverages to customers across its network of outlets. Its flagship brands include "Mainland China" (fine dining Chinese), "Oh! Calcutta" (fine dining Bengali), "Sigree Global Grill" (fine dining Indian/Mediterranean), "Café Mezzuna" (casual European), and "Riyasat" (royal Indian cuisine), among others.

Revenue Mix

Speciality Restaurants primarily operates in a single business segment: restaurant operations, which involves the sale of food and beverages. The company's revenue is predominantly generated from this core activity. While distinct financial segment reporting isn't typically provided beyond F&B sales, its portfolio of diverse brands (Mainland China, Oh! Calcutta, Sigree Global Grill, etc.) can be considered internal differentiators based on cuisine and dining experience. Mainland China and Oh! Calcutta are generally recognized as the company's leading revenue contributors due to their widespread presence and brand recognition.

Industry

The company operates within the Indian restaurant industry, specifically targeting the organized fine dining and premium casual dining segments. This industry is highly competitive, fragmented, and sensitive to consumer discretionary spending. Speciality Restaurants is positioned as one of the early pioneers and established players in the organized multi-cuisine fine dining space in India. It holds a strong niche, particularly in Chinese and Bengali cuisines, through its flagship brands. The company competes with other organized restaurant chains, standalone fine dining establishments, and increasingly, with delivery-focused cloud kitchens and newer casual dining formats.

MOAT

Speciality Restaurants primarily derives its competitive advantage from:

Brand Recognition: Established and well-recognized brands like Mainland China and Oh! Calcutta have built strong customer loyalty and recall over decades, signifying quality and a consistent dining experience in their respective cuisine categories.

Operational Expertise: Extensive experience in setting up and managing a multi-brand restaurant chain, including supply chain management, menu development, and service standards for fine dining.

Scale (Relative): A relatively larger network of owned and franchised restaurants across major Indian cities compared to independent operators, which can offer some procurement advantages and marketing reach.

However, the restaurant industry generally has low switching costs for consumers, limiting the depth of any competitive moat.

Growth Drivers

Rising Discretionary Spending: Increasing disposable incomes and urbanization in India are driving higher demand for dining out experiences.

Shift to Organized F&B: Consumers are increasingly preferring organized restaurant chains over unorganized players due to perceived hygiene, quality, and consistent experience.

Geographic Expansion: Opening new outlets in existing and new Tier 2/3 cities to tap into underserved markets.

Menu Innovation & Brand Diversification: Introduction of new dishes, seasonal menus, and potentially new brand concepts to cater to evolving consumer tastes.

Food Delivery Platforms: Leveraging online food aggregators to expand reach and revenue streams beyond dine-in.

Cost Optimization: Improved operational efficiencies and supply chain management can drive margin expansion.

Risks

Intense Competition: High competition from existing national and international restaurant chains, standalone restaurants, and the growing cloud kitchen segment.

Discretionary Spending Sensitivity: Economic downturns, inflation, or public health crises can significantly impact consumer spending on dining out.

Input Cost Volatility: Fluctuations in food commodity prices, real estate rentals, and labor costs can compress margins.

Changing Consumer Preferences: The need to constantly innovate and adapt to evolving food trends and health consciousness.

Location Risk: Difficulty in securing prime locations at reasonable rents can hinder expansion.

Regulatory Environment: Changes in food safety regulations, licensing requirements, and taxation can impact operations.

Management & Ownership

Speciality Restaurants is a promoter-led company, with Mr. Anjan Chatterjee being the founder, Chairman, and Managing Director. He is a seasoned entrepreneur with decades of experience in the Indian hospitality and F&B sector, credited with building and scaling iconic brands like Mainland China and Oh! Calcutta. The ownership structure typically includes the promoter group, institutional investors, and public shareholders. The management team has extensive industry experience, particularly in establishing and operating premium dining formats.

Outlook

Speciality Restaurants is well-positioned within India's growing organized food and beverage sector, benefiting from increasing consumer affluence and a desire for premium dining experiences. Its established brands, particularly Mainland China and Oh! Calcutta, provide a strong foundation and brand recall. The company's ability to innovate, optimize costs, and strategically expand its footprint will be crucial for capturing market share. However, it operates in a highly competitive and asset-heavy industry where profitability can be sensitive to macroeconomic factors, changing consumer trends, and operational efficiencies. Continuous vigilance on market dynamics, effective brand management, and disciplined cost control will be key to navigating industry challenges and sustaining growth.

Speciality Restauran Share Price

Live · BSE / NSE · Inception: 1999
₹ | |
Volume
Price

Key Financials — Profit & Loss

₹ in Cr · Consolidated · annual

Speciality Restauran Quarterly Results

#(Fig in Cr.) Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026
Net Sales 96 103 104 126 103 109 116 135 116 127
Other Income 5 8 3 3 4 6 4 5 4 4
Total Income 101 112 108 129 107 115 120 140 120 131
Total Expenditure 82 87 89 100 88 91 97 106 99 103
Operating Profit 19 24 19 29 19 24 23 33 21 29
Interest 3 4 3 4 4 4 4 4 4 4
Depreciation 11 11 12 13 13 13 14 14 15 15
Exceptional Income / Expenses 0 0 0 0 0 0 0 -3 0 0
Profit Before Tax 4 9 4 13 3 6 6 12 3 9
Provision for Tax 1 2 1 4 0 1 1 4 0 2
Profit After Tax 3 8 3 9 2 5 4 8 3 7
Adjustments -0 -0 -0 -0 0 0 0 0 0 -0
Profit After Adjustments 3 7 3 9 2 5 5 8 3 7
Adjusted Earnings Per Share 0.6 1.5 0.6 1.9 0.5 1.1 1 1.8 0.7 1.5

Speciality Restauran Profit & Loss

#(Fig in Cr.) Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026 TTM
Net Sales 312 297 346 358 150 253 375 405 436 476 494
Other Income 9 8 9 12 17 14 24 30 19 18 17
Total Income 321 305 356 370 167 267 399 435 456 494 511
Total Expenditure 314 296 334 303 152 211 299 344 364 393 405
Operating Profit 7 9 22 67 15 56 101 91 92 101 106
Interest 0 0 0 21 17 15 14 15 14 15 16
Depreciation 33 30 29 57 32 27 32 42 49 56 58
Exceptional Income / Expenses 0 -2 0 -27 4 0 8 0 0 -3 -3
Profit Before Tax -25 -23 -7 -39 -29 8 63 35 29 27 30
Provision for Tax -3 22 1 -1 0 0 -33 5 7 7 7
Profit After Tax -22 -45 -8 -38 -29 8 97 30 22 21 22
Adjustments -4 -2 -0 -0 -0 0 0 -1 -0 1 0
Profit After Adjustments -26 -47 -8 -38 -29 8 97 29 22 22 23
Adjusted Earnings Per Share -5.4 -10 -1.7 -8.1 -6.2 1.7 20.6 6.1 4.5 4.5 5

Speciality Restauran Balance Sheet

#(Fig in Cr.) Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Shareholder's Funds 274 228 219 164 135 145 277 307 327 346
Minority's Interest 0 0 0 0 0 0 0 7 7 12
Borrowings 0 0 0 0 0 0 0 0 0 0
Other Non-Current Liabilities 21 34 42 143 128 120 83 81 97 89
Total Current Liabilities 48 53 50 69 69 69 80 79 81 92
Total Liabilities 343 315 312 376 332 337 440 476 514 541
Fixed Assets 115 101 82 156 151 136 156 173 217 230
Other Non-Current Assets 122 108 124 115 80 74 75 82 82 81
Total Current Assets 105 105 106 105 101 126 209 217 211 226
Total Assets 343 315 312 376 332 337 440 476 514 541

Speciality Restauran Cash Flow

#(Fig in Cr.) Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Opening Cash & Cash Equivalents 5 4 5 11 2 7 2 6 11 8
Cash Flow from Operating Activities 3 9 16 60 21 54 80 62 74 85
Cash Flow from Investing Activities -5 -7 -10 -15 -5 -34 -71 -20 -28 -40
Cash Flow from Financing Activities -0 -0 -0 -54 -11 -26 -5 -42 -49 -49
Net Cash Inflow / Outflow -1 1 6 -9 6 -5 5 -0 -3 -4
Closing Cash & Cash Equivalent 4 5 11 2 7 2 6 11 8 6

Speciality Restauran Ratios

# Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Earnings Per Share (Rs) -5.44 -9.96 -1.66 -8.09 -6.25 1.74 20.61 6.11 4.5 4.52
CEPS(Rs) 2.3 -3.23 4.45 4.18 0.65 7.56 27.37 14.95 14.71 15.91
DPS(Rs) 0 0 0 0 0 0 2.5 1 1 1
Book NAV/Share(Rs) 58.14 48.26 46.48 34.68 28.82 30.8 51.45 58.52 67.79 71.82
Core EBITDA Margin(%) -0.43 0.26 3.6 15.38 -0.97 16.6 20.3 15.04 16.64 17.44
EBIT Margin(%) -8.09 -7.61 -1.96 -4.93 -8.35 8.98 20.63 12.32 9.82 8.77
Pre Tax Margin(%) -8.09 -7.61 -1.96 -10.84 -19.34 3.23 16.92 8.71 6.56 5.71
PAT Margin (%) -6.99 -15.11 -2.25 -10.59 -19.45 3.23 25.81 7.42 5.04 4.35
Cash Profit Margin (%) 3.46 -5.12 6.04 5.48 2.02 14.04 34.27 17.77 16.27 16.1
ROA(%) -6.37 -13.63 -2.49 -11.01 -8.25 2.44 24.92 6.55 4.44 3.93
ROE(%) -8 -17.95 -3.5 -19.87 -19.59 5.83 50.12 11.47 7.22 6.15
ROCE(%) -9.21 -8.99 -3.03 -9.2 -8.38 16.22 36.73 17.08 13.51 12.41
Receivable days 5.8 6.98 6.21 3.93 6.66 5.75 5.51 6.51 5.62 4.7
Inventory Days 8.34 8.72 7.23 7.17 16.03 7.97 5.88 6.55 6.68 7.12
Payable days 136.59 153.47 140.74 121.51 270.31 152 99.12 89.42 79.61 81.27
PER(x) 0 0 0 0 0 92.87 10.29 28.97 28.98 18.58
Price/Book(x) 1.48 2.55 2.24 0.67 1.32 5.24 4.12 3.03 1.92 1.17
Dividend Yield(%) 0 0 0 0 0 0 1.18 0.56 0.77 1.19
EV/Net Sales(x) 1.28 1.93 1.38 0.3 1.14 2.99 2.64 2.08 1.4 0.82
EV/Core EBITDA(x) 54.06 66.03 21.74 1.59 11.17 13.5 9.84 9.25 6.67 3.85
Net Sales Growth(%) 0 -5 16.7 3.3 -58.04 68.47 48.25 7.93 7.8 9.22
EBIT Growth(%) 0 10.63 69.98 -160.05 28.89 281.19 240.63 -35.54 -14.07 -2.5
PAT Growth(%) 0 -105.24 82.63 -386.24 22.89 127.94 1085.98 -68.99 -26.8 -5.67
EPS Growth(%) 0 -83.23 83.3 -386.48 22.78 127.81 1086.01 -70.35 -26.33 0.49
Debt/Equity(x) 0 0 0 0 0 0 0 0 0 0
Current Ratio(x) 2.18 2.01 2.1 1.52 1.47 1.83 2.6 2.76 2.61 2.46
Quick Ratio(x) 2.03 1.87 1.97 1.41 1.39 1.75 2.51 2.66 2.5 2.35
Interest Cover(x) -1403.39 -3225.14 0 -0.83 -0.76 1.56 5.56 3.41 3.01 2.87
Total Debt/Mcap(x) 0 0 0 0 0 0 0 0 0 0

Growth Rates

Compounded annual
# 1 Year 3 Year 5 Year 10 Year
Sales CAGR +9% +8% +26% —
Operating Profit CAGR +10% 0% +46% —
PAT CAGR -5% -40% — —
Share Price CAGR -6% -12% +5% +4%
ROE Average +6% +8% +16% +1%
ROCE Average +12% +14% +19% +6%

Speciality Restauran Shareholding Pattern

Latest · Sep 2026
100% held
Promoters 50.82 %
FII 0.52 %
DII (MF + Insurance) 0.16 %
Public (retail) 48.5 %
# Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026 Sep 2026
Promoter 50.2450.2450.150.150.150.250.3150.7150.7150.82
FII 0.180.320.230.390.40.470.570.480.460.52
DII 1.591.591.751.751.751.750.320.160.160.16
Public 47.9847.8447.9247.7647.7547.5748.848.6448.6748.5
Others 0000000000
Total 100100100100100100100100100100

Speciality Restauran Peer Comparison

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Speciality Restauran Quarterly Price

10-year quarterly close · BSE
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News & Updates

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Speciality Restauran Pros & Cons

Pros

  • Company is almost debt free.

Cons

  • Company has a low return on equity of 8% over the last 3 years.
  • Debtor days have increased from 79.61 to 81.27days.
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