Market Cap ₹8966 Cr.
Stock P/E 738.1
P/B 14.4
Current Price ₹575
Book Value ₹ 40
Face Value 2
52W High ₹890.6
Dividend Yield 0.13%
52W Low ₹ 565.3
Westlife Development Ltd is engaged in letting out of property and trading in items. The Company's segments include Trading and Leasing. The Trading section is engaged in trading of steel, fabric and different substances. The Leasing segment offers office premises on operating lease basis. The Company focuses on setting up and operating quick service restaurants (QSR) in India thru its subsidiary, Hardcastle Restaurants Pvt. Ltd. (HRPL). Its restaurant classes include freestanding, meals court, in-store and mall shops. The Company operates a chain of McDonald's restaurants in west and south India. The Company, thru its subsidiary HRPL, operates McDonald's through approximately 240 restaurants across over 30 cities. Its service formats and brand extensions include restro, Breakfast, McDelivery and kiosks at numerous transit points. The Company has operations in Telangana, Gujarat, Karnataka, Maharashtra, Tamil Nadu, Kerala and elements of Madhya Pradesh.
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PE falls below X
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| #(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 | 615 | 615 | 600 | 562 | 616 | 618 | 654 | 603 | 658 | 642 |
| Other Income | 5 | 3 | 5 | 5 | 5 | 6 | 3 | 10 | 7 | 11 |
| Total Income | 620 | 618 | 605 | 567 | 621 | 624 | 657 | 613 | 664 | 653 |
| Total Expenditure | 510 | 517 | 508 | 487 | 538 | 542 | 566 | 526 | 572 | 575 |
| Operating Profit | 109 | 102 | 97 | 80 | 84 | 82 | 91 | 87 | 92 | 78 |
| Interest | 26 | 27 | 28 | 28 | 30 | 32 | 33 | 33 | 35 | 36 |
| Depreciation | 43 | 44 | 46 | 50 | 49 | 50 | 52 | 53 | 55 | 57 |
| Exceptional Income / Expenses | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 53 |
| Profit Before Tax | 41 | 30 | 23 | 2 | 5 | 1 | 6 | 1 | 2 | 37 |
| Provision for Tax | 12 | 8 | 6 | 1 | 1 | 0 | -1 | -0 | 0 | 9 |
| Profit After Tax | 29 | 22 | 17 | 1 | 3 | 0 | 7 | 2 | 1 | 28 |
| Adjustments | 0 | 0 | 0 | 0 | 0 | 0 | -0 | 0 | 0 | 0 |
| Profit After Adjustments | 29 | 22 | 17 | 1 | 3 | 0 | 7 | 2 | 1 | 28 |
| Adjusted Earnings Per Share | 1.8 | 1.4 | 1.1 | 0 | 0.2 | 0 | 0.4 | 0.1 | 0.1 | 1.8 |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net Sales | 764 | 833 | 931 | 1135 | 1402 | 1548 | 986 | 1576 | 2278 | 2392 | 2491 | 2557 |
| Other Income | 16 | 10 | 20 | 18 | 14 | 13 | 44 | 28 | 20 | 18 | 24 | 31 |
| Total Income | 781 | 843 | 951 | 1153 | 1416 | 1561 | 1030 | 1604 | 2299 | 2410 | 2516 | 2587 |
| Total Expenditure | 749 | 791 | 884 | 1058 | 1283 | 1334 | 939 | 1387 | 1904 | 2022 | 2171 | 2239 |
| Operating Profit | 32 | 52 | 67 | 95 | 133 | 227 | 91 | 217 | 394 | 388 | 344 | 348 |
| Interest | 10 | 15 | 15 | 15 | 18 | 81 | 85 | 83 | 93 | 110 | 127 | 137 |
| Depreciation | 50 | 58 | 64 | 67 | 80 | 138 | 140 | 136 | 152 | 182 | 204 | 217 |
| Exceptional Income / Expenses | 0 | 23 | 0 | 0 | 0 | -17 | 4 | 0 | 0 | 0 | 0 | 53 |
| Profit Before Tax | -29 | 3 | -12 | 13 | 35 | -9 | -129 | -2 | 149 | 96 | 13 | 46 |
| Provision for Tax | 0 | 0 | 0 | 0 | 14 | -1 | -29 | -0 | 38 | 27 | 1 | 8 |
| Profit After Tax | -29 | 3 | -12 | 13 | 21 | -7 | -99 | -2 | 112 | 69 | 12 | 38 |
| Adjustments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Adjustments | -29 | 3 | -12 | 13 | 21 | -7 | -99 | -2 | 112 | 69 | 12 | 38 |
| Adjusted Earnings Per Share | -1.9 | 0.2 | -0.8 | 0.8 | 1.4 | -0.5 | -6.4 | -0.1 | 7.2 | 4.4 | 0.8 | 2.4 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | 4% | 16% | 10% | 13% |
| Operating Profit CAGR | -11% | 17% | 9% | 27% |
| PAT CAGR | -83% | 0% | 0% | 0% |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Share Price CAGR | -26% | -10% | 9% | 8% |
| ROE Average | 2% | 12% | 3% | 1% |
| ROCE Average | 16% | 25% | 16% | 9% |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Shareholder's Funds | 534 | 538 | 528 | 542 | 584 | 577 | 481 | 462 | 566 | 588 | 603 |
| Minority's Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Borrowings | 0 | 8 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | -0 | 0 | 0 | 2 | -3 | 771 | 713 | 812 | 946 | 1102 | 1261 |
| Total Current Liabilities | 240 | 292 | 353 | 385 | 437 | 404 | 490 | 482 | 537 | 574 | 689 |
| Total Liabilities | 773 | 838 | 881 | 929 | 1018 | 1752 | 1683 | 1756 | 2049 | 2265 | 2554 |
| Fixed Assets | 464 | 502 | 531 | 554 | 595 | 1408 | 1284 | 1362 | 1623 | 1817 | 2051 |
| Other Non-Current Assets | 114 | 131 | 172 | 251 | 198 | 176 | 184 | 207 | 221 | 254 | 248 |
| Total Current Assets | 195 | 204 | 178 | 124 | 225 | 168 | 215 | 187 | 206 | 194 | 255 |
| Total Assets | 773 | 838 | 881 | 929 | 1018 | 1752 | 1683 | 1756 | 2049 | 2265 | 2554 |
| #(Fig in Cr.) | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Opening Cash & Cash Equivalents | 12 | 7 | 7 | 7 | 9 | 8 | 1 | 11 | 23 | 8 | 14 |
| Cash Flow from Operating Activities | 19 | 80 | 66 | 137 | 112 | 200 | 129 | 171 | 349 | 340 | 345 |
| Cash Flow from Investing Activities | -84 | -80 | -91 | -111 | -145 | -68 | -74 | -56 | -265 | -185 | -221 |
| Cash Flow from Financing Activities | 61 | -0 | 26 | -22 | 32 | -139 | -45 | -102 | -98 | -149 | -79 |
| Net Cash Inflow / Outflow | -5 | -1 | 0 | 4 | -1 | -7 | 10 | 12 | -15 | 6 | 45 |
| Closing Cash & Cash Equivalent | 7 | 7 | 7 | 11 | 8 | 1 | 11 | 23 | 8 | 14 | 59 |
| # | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Per Share (Rs) | -1.87 | 0.18 | -0.78 | 0.83 | 1.37 | -0.47 | -6.38 | -0.11 | 7.16 | 4.44 | 0.78 |
| CEPS(Rs) | 1.37 | 3.89 | 3.32 | 5.15 | 6.49 | 8.42 | 2.58 | 8.64 | 16.91 | 16.12 | 13.87 |
| DPS(Rs) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3.45 | 0.75 |
| Book NAV/Share(Rs) | 34.17 | 34.41 | 33.67 | 34.53 | 37.06 | 36.67 | 30.6 | 29.48 | 36.29 | 37.25 | 37.88 |
| Core EBITDA Margin(%) | 1.98 | 5.11 | 5.04 | 6.82 | 8.49 | 13.83 | 4.76 | 12 | 16.42 | 15.44 | 12.84 |
| EBIT Margin(%) | -2.46 | 2.17 | 0.35 | 2.46 | 3.77 | 4.65 | -4.48 | 5.11 | 10.63 | 8.59 | 5.63 |
| Pre Tax Margin(%) | -3.8 | 0.37 | -1.3 | 1.13 | 2.51 | -0.57 | -13.06 | -0.13 | 6.56 | 4.01 | 0.52 |
| PAT Margin (%) | -3.81 | 0.34 | -1.3 | 1.13 | 1.52 | -0.47 | -10.08 | -0.11 | 4.9 | 2.89 | 0.49 |
| Cash Profit Margin (%) | 2.79 | 7.26 | 5.54 | 7.06 | 7.2 | 8.46 | 4.08 | 8.55 | 11.58 | 10.51 | 8.68 |
| ROA(%) | -3.86 | 0.35 | -1.41 | 1.42 | 2.19 | -0.53 | -5.79 | -0.1 | 5.86 | 3.21 | 0.5 |
| ROE(%) | -5.33 | 0.53 | -2.29 | 2.42 | 3.82 | -1.28 | -18.98 | -0.36 | 21.76 | 12.07 | 2.07 |
| ROCE(%) | -2.91 | 2.67 | 0.46 | 3.86 | 6.86 | 9.13 | -6.07 | 11.85 | 33.73 | 25.69 | 16.12 |
| Receivable days | 2.51 | 1.85 | 1.79 | 1.83 | 2.11 | 1.71 | 2.5 | 2.56 | 1.92 | 2.14 | 2.66 |
| Inventory Days | 10.51 | 11.37 | 11.38 | 10.28 | 9.72 | 9.68 | 16.23 | 11.86 | 10.2 | 10.28 | 10.55 |
| Payable days | 66.56 | 68.18 | 70.72 | 78.41 | 80.69 | 83.35 | 164.03 | 127.12 | 95.75 | 100.22 | 106.54 |
| PER(x) | 0 | 1070.84 | 0 | 387.27 | 313.31 | 0 | 0 | 0 | 95.57 | 181.15 | 895.06 |
| Price/Book(x) | 8.49 | 5.67 | 6.34 | 9.27 | 11.57 | 8.73 | 15 | 16.23 | 18.84 | 21.58 | 18.41 |
| Dividend Yield(%) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.43 | 0.11 |
| EV/Net Sales(x) | 6.07 | 3.81 | 3.77 | 4.54 | 4.92 | 3.34 | 7.46 | 4.84 | 4.76 | 5.34 | 4.46 |
| EV/Core EBITDA(x) | 146.6 | 60.68 | 52.34 | 54.15 | 51.99 | 22.75 | 80.64 | 35.2 | 27.49 | 32.91 | 32.31 |
| Net Sales Growth(%) | 3.24 | 9.04 | 11.68 | 21.93 | 23.54 | 10.4 | -36.29 | 59.88 | 44.51 | 4.99 | 4.16 |
| EBIT Growth(%) | -455.66 | 196.16 | -82 | 756.16 | 89.86 | 36.17 | -161.36 | 282.23 | 200.63 | -15.13 | -31.81 |
| PAT Growth(%) | -3154.56 | 109.73 | -527.82 | 206.08 | 65.61 | -134.51 | -1253.06 | 98.32 | 6797.48 | -37.97 | -82.45 |
| EPS Growth(%) | -3153.18 | 109.73 | -527.84 | 206.06 | 65.59 | -134.5 | -1251.95 | 98.33 | 6799.72 | -37.97 | -82.45 |
| Debt/Equity(x) | 0.25 | 0.28 | 0.36 | 0.34 | 0.41 | 0.32 | 0.45 | 0.44 | 0.37 | 0.41 | 0.52 |
| Current Ratio(x) | 0.81 | 0.7 | 0.51 | 0.32 | 0.51 | 0.42 | 0.44 | 0.39 | 0.38 | 0.34 | 0.37 |
| Quick Ratio(x) | 0.74 | 0.63 | 0.42 | 0.24 | 0.42 | 0.31 | 0.34 | 0.27 | 0.25 | 0.23 | 0.25 |
| Interest Cover(x) | -1.84 | 1.21 | 0.21 | 1.86 | 2.98 | 0.89 | -0.52 | 0.98 | 2.61 | 1.87 | 1.1 |
| Total Debt/Mcap(x) | 0.03 | 0.05 | 0.06 | 0.04 | 0.04 | 0.04 | 0.03 | 0.03 | 0.02 | 0.02 | 0.03 |
| # | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 56.22 | 56.22 | 56.23 | 56.28 | 56.25 | 56.25 | 56.25 | 56.26 | 56.25 | 56.25 |
| FII | 9.7 | 10.44 | 10.47 | 11.6 | 13.83 | 13.72 | 13.9 | 12.86 | 11.25 | 10.41 |
| DII | 24.13 | 23.66 | 23.99 | 23.01 | 20.99 | 21.31 | 21.23 | 22.33 | 24.03 | 24.79 |
| Public | 9.94 | 9.67 | 9.31 | 9.11 | 8.92 | 8.72 | 8.61 | 8.56 | 8.47 | 8.55 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
| # | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 8.77 | 8.77 | 8.77 | 8.78 | 8.77 | 8.77 | 8.77 | 8.77 | 8.77 | 8.77 |
| FII | 1.51 | 1.63 | 1.63 | 1.81 | 2.16 | 2.14 | 2.17 | 2 | 1.75 | 1.62 |
| DII | 3.76 | 3.69 | 3.74 | 3.59 | 3.27 | 3.32 | 3.31 | 3.48 | 3.75 | 3.87 |
| Public | 1.55 | 1.51 | 1.45 | 1.42 | 1.39 | 1.36 | 1.34 | 1.33 | 1.32 | 1.33 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 15.59 | 15.59 | 15.59 | 15.59 | 15.59 | 15.59 | 15.59 | 15.59 | 15.59 | 15.59 |
Pros
Cons
* 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.
| Companies | Open Date | Close Date | Issue Price | Cost of 1 Lot | Listing Price | Listing Gain(%) | Current Price | Return (%) | Type | Exchange |
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| Companies | Open Date | Close Date | Issue Price | Cost of 1 Lot | Listing Price | Listing Gain(%) | Current Price | Return (%) | Type | Exchange |
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| Companies | Open Date | Close Date | Issue Price | Cost of 1 Lot | Listing Price | Listing Gain(%) | Current Price | Return (%) | Type | Exchange |
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| Companies | Open Date | Close Date | Issue Price | Cost of 1 Lot | Listing Price | Listing Gain(%) | Current Price | Return (%) | Type | Exchange |
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