Devyani International Ltd
DEVYANI NSE
Devyani International Ltd
Consumer DiscretionaryNSE: DEVYANI BSE: 543330 Leisure Services
Key Fundamentals
SmallcapQuick Service RestaurantLeisure ServicesMarket Cap
₹14,359 Cr
Volatility
Moderate
P/E Ratio
-342.5
EBITDA
₹828 Cr
Return on Equity
-0.72%
Debt to Equity
2.83
Book Value
₹12.51
EPS
₹0.66
52W High
₹191
52W Low
₹91.55
Technical Indicators
Key Insights
Weaknesses
4- Stock is trading at 9.37 times its book value
- Company has low interest coverage ratio.
- Company has a low return on equity of -3.52% over last 3 years.
- Company might be capitalizing the interest cost
Growth Rate
Revenue Growth
12.50% ↗
Net Income Growth
849.57% ↗
Cash Flow Change
17.47% ↗
ROE
-31.94% ↘
ROCE
37.74% ↗
EBITDA Margin (Avg.)
-16.16% ↘
Quarterly Results
| Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 755 | 847 | 819 | 843 | 1,047 | 1,222 | 1,222 | 1,294 | 1,213 | 1,357 | 1,377 | 1,441 | 1,437 |
| Expenses | 604 | 721 | 665 | 697 | 917 | 1,006 | 1,026 | 1,081 | 1,027 | 1,151 | 1,185 | 1,210 | 1,217 |
| Operating Profit | 151 | 126 | 154 | 146 | 130 | 216 | 196 | 213 | 186 | 206 | 192 | 231 | 220 |
| OPM % | 19.95% | 14.9% | 18.85% | 17.35% | 12.44% | 17.66% | 16.01% | 16.47% | 15.32% | 15.17% | 13.95% | 16.03% | 15.33% |
| Other Income | 11.02 | 6.82 | -7.41 | 4.61 | 14.34 | 9.91 | 4.84 | 9.05 | 13.19 | 13.32 | 2.76 | -10.16 | 17.7 |
| Interest | 42.04 | 40.37 | 41.66 | 48.24 | 56.67 | 62.99 | 65.33 | 66.98 | 69.53 | 66.78 | 68.84 | 70.02 | 70.1 |
| Depreciation | 78.36 | 79.6 | 86.34 | 92.98 | 126 | 132 | 139 | 147 | 152 | 150 | 155 | 167 | 182 |
| PBT | 41.23 | 12.96 | 19.02 | 9.68 | -37.98 | 30.52 | -3.91 | 8.52 | -22.35 | 2.74 | -29.15 | -15.9 | -14.58 |
| Tax % | -45.23% | 112.27% | -88.38% | 47.73% | 28.86% | 26.51% | 25.83% | 189.67% | -25.01% | 18.61% | -17.84% | -30.94% | -32.44% |
| Net Profit | 59.88 | -1.59 | 35.82 | 5.07 | -48.96 | 22.43 | -4.92 | -7.64 | -16.77 | 2.23 | -23.95 | -10.98 | -9.84 |
| EPS in Rs | 0.5 | 0.1 | 0.28 | 0.08 | -0.06 | 0.25 | 0 | 0 | -0.12 | 0.03 | -0.18 | -0.08 | -0.08 |
Profit & Loss
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,012 | 1,048 | 1,111 | 1,311 | 1,516 | 1,135 | 2,084 | 2,998 | 3,556 | 4,951 | 5,611 |
| Expenses | 1,013 | 1,008 | 1,015 | 1,106 | 1,254 | 945 | 1,608 | 2,341 | 2,991 | 4,112 | 4,762 |
| Operating Profit | -1 | 39 | 96 | 205 | 262 | 189 | 476 | 657 | 565 | 839 | 849 |
| OPM % | 0% | 4% | 9% | 16% | 17% | 17% | 23% | 22% | 16% | 17% | 15% |
| Other Income | 0 | 8 | 23 | 42 | 2 | 131 | -3 | 12 | 18 | 33 | 24 |
| Interest | 43 | 88 | 34 | 137 | 161 | 155 | 129 | 149 | 189 | 267 | 276 |
| Depreciation | 85 | 137 | 55 | 203 | 223 | 229 | 221 | 278 | 391 | 592 | 654 |
| PBT | -129 | -178 | 30 | -93 | -120 | -64 | 123 | 242 | 4 | 13 | -57 |
| Tax % | 1% | 1% | -3% | 1% | 2% | -2% | -26% | -9% | 363% | 154% | -25% |
| Net Profit | -130 | -180 | 31 | -94 | -121 | -63 | 155 | 263 | -10 | -7 | -43 |
| EPS in Rs | -11.98 | -11.31 | 4.33 | -7.46 | -11.46 | -0.48 | 1.3 | 2.2 | 0.39 | 0.08 | -0.31 |
| Div. Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Balance Sheet
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 106 | 106 | 106 | 106 | 106 | 115 | 120 | 120 | 121 | 121 | 123 |
| Reserves | 70 | -19 | 33 | -176 | -295 | -2 | 566 | 850 | 935 | 974 | 1,419 |
| Borrowings | 348 | 306 | 371 | 488 | 1,832 | 1,336 | 1,254 | 1,565 | 2,906 | 3,188 | 3,833 |
| Other Liabilities | 196 | 202 | 218 | 1,390 | 240 | 219 | 322 | 450 | 971 | 1,057 | 1,375 |
| Total Liabilities | 720 | 596 | 728 | 1,807 | 1,884 | 1,668 | 2,263 | 2,985 | 4,932 | 5,339 | 6,750 |
| Fixed Assets | 491 | 406 | 445 | 1,578 | 1,635 | 1,392 | 1,756 | 2,427 | 4,216 | 4,622 | 5,686 |
| CWIP | 38 | 15 | 56 | 12 | 14 | 14 | 7 | 15 | 11 | 3 | 8 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 2 |
| Other Assets | 192 | 174 | 226 | 218 | 235 | 262 | 500 | 543 | 705 | 712 | 1,054 |
| Total Assets | 720 | 596 | 728 | 1,807 | 1,884 | 1,668 | 2,263 | 2,985 | 4,932 | 5,339 | 6,750 |
Cash Flow
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | — | 90 | 91 | 278 | 301 | 240 | 451 | 637 | 766 | 900 | 919 |
| Investing | — | -67 | -140 | -165 | -91 | -355 | -375 | -349 | -1,551 | -461 | -440 |
| Financing | — | -32 | 56 | -130 | -223 | 142 | -58 | -283 | 889 | -425 | -197 |
| Net Cash Flow | — | -9 | 7 | -18 | -13 | 27 | 17 | 5 | 105 | 14 | 282 |
| Free Cash Flow | — | 21 | -49 | 137 | 202 | 107 | 158 | 213 | 305 | 418 | 478 |
| CFO/OP | — | 232 | 99 | 136 | 115 | 126 | 97 | 104 | 140 | 107 | 108 |
Ratios
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 5 | 6 | 6 | 6 | 4 | 5 | 4 | 4 | 5 | 3 | 4 |
| Inventory Days | 45 | 39 | 48 | 52 | 57 | 66 | 52 | 52 | 45 | 35 | 34 |
| Days Payable | 127 | 129 | 139 | 128 | 129 | 171 | 119 | 98 | 130 | 105 | 127 |
| Cash Conversion Cycle | -77 | -85 | -84 | -70 | -68 | -100 | -64 | -42 | -79 | -66 | -89 |
| Working Capital Days | -31 | -70 | -65 | -95 | -108 | -95 | -26 | -37 | -65 | -60 | -85 |
| ROCE % | — | -19% | 15% | 7% | 6% | 2% | 16% | 18% | 6% | 6% | 5% |
Documents
1
Board Meeting Intimation for Consideration And Approval Of The Audited Financial Results Of The Company, Both On Standalone And Consolidated Basis, For The Quarter And Financial Year Ended March 31, 2026.
8 May - Board meeting on May 15, 2026 to approve audited FY26 standalone and consolidated results; trading window closes till May 17. 8 May - Board meeting on May 15, 2026 to approve audited FY26 standalone and consolidated results; trading window closes till May 17.
2
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
8 May - Company will host a group conference call with Investors and Analysts on Friday, May 15, 2026 at 02:30 P.M. (IST). Details of the group conference … 8 May - Company will host a group conference call with Investors and Analysts on Friday, May 15, 2026 at 02:30 P.M. (IST). Details of the group conference …
3
Announcement under Regulation 30 (LODR)-Change in Registered Office Address
6 Apr - Registered office shifted to Gurugram, Haryana; CIN changed effective April 6, 2026. 6 Apr - Registered office shifted to Gurugram, Haryana; CIN changed effective April 6, 2026.
4
Announcement under Regulation 30 (LODR)-Change in Management
3 Apr - Sandeep Anand and Robinder Singh appointed from April 6, 2026; Vijay Gogate replaced as Pizza Hut CEO. 3 Apr - Sandeep Anand and Robinder Singh appointed from April 6, 2026; Vijay Gogate replaced as Pizza Hut CEO.
Frequently Asked Questions about Devyani International Ltd
What does Devyani International Ltd do?
Devyani International Limited (DIL) is the largest franchisee of Yum Brands in India and is among the largest operators of chain
quick service restaurants (QSR) in India. In addition, DIL is a franchisee for the Costa Coffee brand and stores in India.[1]
Where is Devyani International Ltd (DEVYANI) listed?
Devyani International Ltd is listed on the Indian stock exchanges. It is listed on NSE: DEVYANI and BSE: 543330. You can view its live share price, financials, and ratios on Tapetide.
Which sector does Devyani International Ltd belong to?
Devyani International Ltd operates in the Consumer Discretionary sector within the Leisure Services industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of Devyani International Ltd?
Devyani International Ltd has a market capitalisation of approximately ₹14358.82 Cr. Based on this, it is classified as a Mid Cap stock.
What is the PE ratio of Devyani International Ltd?
The Price-to-Earnings (PE) ratio of Devyani International Ltd is -342.50. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of Devyani International Ltd?
Over the past 52 weeks, Devyani International Ltd has traded between a low of ₹91.55 and a high of ₹191. This range helps investors understand the stock's price volatility and recent trading levels.
What is the Return on Equity (ROE) of Devyani International Ltd?
Devyani International Ltd has a Return on Equity (ROE) of -0.72%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research Devyani International Ltd on Tapetide?
On Tapetide, you can view Devyani International Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.
Company Information
Devyani International Limited (DIL) is the largest franchisee of Yum Brands in India and is among the largest operators of chain quick service restaurants (QSR) in India. In addition, DIL is a franchisee for the Costa Coffee brand and stores in India.[1]
Website dil-rjcorp.com
CEO Mr. Virag Joshi
Employees 14,802
Listed 2021-08-16
Face Value ₹ 1
Issued Size 1,23,28,72,291