Travel Food Services
Travel Food Services
Leisure ServicesKey Fundamentals
SmallcapRestaurantsLeisure ServicesTapetide Score
Data-driven rating, 0–100. How it works →
Key Insights
Strengths
4- Company has reduced debt.
- Company has delivered good profit growth of 53.9% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 36.1%
- Company has been maintaining a healthy dividend payout of 37.0%
Weaknesses
2- Stock is trading at 11.0 times its book value
- Debtor days have increased from 36.3 to 58.5 days.
Growth Rate
AI Analysis — Bull vs Bear
Travel Food Services Ltd has a market capitalisation of about Rs 15,811 crore and trades at 32.8x earnings and 11.07x book value. Its 3-year ROE averages 36%, and profit has compounded at 23% over 3 years and 54% over 5 years. Near-term momentum is slower: TTM sales growth is 4%, the stock is down 9% over 1 year, and debtor days have risen from 36.3 to 58.5.
- Return on equity is high and consistent: 35% last year, a 36% 3-year average and a 33% 5-year average. This points to a capital-light, high-margin model in airport food and beverage and lounges.
- Profit has compounded at 54% over 5 years, 23% over 3 years and 28% over 10 years, which shows sustained earnings growth over several periods.
- TTM profit growth of 19% is well ahead of TTM sales growth of 4%. This suggests better operating leverage or margins even while revenue growth slows.
- The company has reduced debt, which strengthens the balance sheet and gives it more room to fund new airport concessions and lounge expansion.
- A 37% dividend payout ratio and a 0.84% dividend yield show the business generates enough cash to reward shareholders while still funding growth.
- Sales have grown at 16% over 3 years and 13% over 10 years. This is long-term growth tied to rising air passenger traffic and airport capacity in India.
- A P/E of 32.8 is moderate compared with the 36% 3-year ROE and the 23% 3-year profit CAGR, so the valuation is roughly in line with earnings growth.
- The stock trades at 11.07x book value, a steep premium to net assets. This leaves little room for error if growth or returns slow.
- TTM sales growth has slowed to 4%, compared with a 16% 3-year CAGR. That is a clear deceleration in the top line.
- Debtor days have risen from 36.3 to 58.5, an increase of about 61%. This could mean slower collections, weaker working capital or rising receivables risk.
- The 5-year sales CAGR of 59% and profit CAGR of 54% are inflated by a low pandemic-era base. The 10-year sales CAGR of 13% is a more normal measure of growth.
- The stock has returned -9% over 1 year, and a short listed history means there is no 3-year or 5-year return record to judge it by.
- TTM profit growth of 19% against 4% sales growth depends on margin expansion, and that may be hard to repeat if revenue stays weak.
- A dividend yield of 0.84% gives investors little income support at a P/E of 32.8. Returns depend mostly on continued earnings growth.
- Revenue depends on a concentrated set of airport concession agreements. Losing or renegotiating these contracts could hurt a business valued at about Rs 15,811 crore in market capitalisation.
This is AI-generated analysis, not financial advice. Do your own due diligence.
AI News Digest
- ₹10.25 final dividend approved Sep 16
At the 19th AGM on September 16, 2026, shareholders approved a final dividend of ₹10.25 per share for FY26. This points to a shareholder-friendly payout policy and enough cash to fund it.
- 19th AGM concludes, FY26 accounts adopted Sep 16
Travel Food Services held its 19th AGM on September 16, 2026, where shareholders adopted the FY26 financial statements. This is a routine governance step, and the article reports no contentious resolutions.
TL;DR: The only news in this batch is Travel Food Services' 19th AGM on September 16, 2026, where shareholders approved the FY26 accounts and a ₹10.25 per share final dividend. That signals a steady payout and smooth governance. With just one routine corporate item, these articles show no clear headwinds or business-level catalysts. Going forward, airport passenger traffic, new concession wins and quarterly margins will be better guides to the trend than this AGM update.
Quarterly Results
| Particulars | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|
| Sales | 410 | 500 | 411 | 367 | 375 | 356 | 456 | 461 | 452 |
| Expenses | 308 | 340 | 253 | 232 | 229 | 221 | 275 | 274 | 290 |
| Operating Profit | 102 | 160 | 158 | 135 | 146 | 135 | 181 | 186 | 162 |
| OPM % | 25% | 32% | 38% | 37% | 39% | 38% | 40% | 40% | 36% |
| Other Income | 31 | 20 | 28 | 43 | 29 | 35 | 44 | 53 | 58 |
| Interest | 17 | 5 | 14 | 10 | 9 | 8 | 10 | 37 | 8 |
| Depreciation | 29 | 31 | 33 | 33 | 34 | 38 | 39 | 40 | 42 |
| PBT | 86 | 145 | 139 | 134 | 132 | 124 | 177 | 162 | 170 |
| Tax % | 31% | 24% | 26% | 21% | 28% | 21% | 23% | 24% | 24% |
| Net Profit | 60 | 110 | 103 | 107 | 95 | 98 | 137 | 123 | 129 |
| EPS in Rs | 143 | 277 | 7.42 | 7.81 | 6.97 | 7.27 | 10.08 | 9.17 | 9.62 |
Profit & Loss
| Particulars | Mar 2016 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|
| Sales | 501 | 774 | 162 | 388 | 1,067 | 1,396 | 1,688 | 1,648 | 1,725 |
| Expenses | 398 | 646 | 198 | 363 | 693 | 980 | 1,134 | 999 | 1,060 |
| Operating Profit | 103 | 128 | -36 | 24 | 374 | 417 | 554 | 649 | 665 |
| OPM % | 21% | 16% | -22% | 6% | 35% | 30% | 33% | 39% | 39% |
| Other Income | 5 | 15 | 20 | 20 | 84 | 133 | 122 | 161 | 190 |
| Interest | 10 | 2 | 5 | 5 | 48 | 52 | 46 | 64 | 63 |
| Depreciation | 22 | 21 | 22 | 17 | 83 | 111 | 126 | 150 | 158 |
| PBT | 76 | 119 | -43 | 22 | 327 | 387 | 504 | 595 | 633 |
| Tax % | 33% | 29% | 25% | 68% | 23% | 23% | 25% | 24% | — |
| Net Profit | 51 | 104 | -60 | 13 | 251 | 298 | 380 | 452 | 486 |
| EPS in Rs | 104 | 269 | -148 | 32.04 | 630 | 743 | 27.58 | 33.49 | 36.14 |
| Div. Payout % | 0% | 0% | 0% | 0% | 0% | 50% | 31% | 31% | — |
Balance Sheet
| Particulars | Mar 2016 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Equity Capital | 4 | 4 | 4 | 4 | 4 | 4 | 13 | 13 |
| Reserves | 84 | 513 | 459 | 472 | 652 | 870 | 1,040 | 1,430 |
| Borrowings | 60 | 21 | 26 | 38 | 383 | 416 | 333 | 245 |
| Other Liabilities | 139 | 169 | 147 | 208 | 294 | 407 | 516 | 592 |
| Total Liabilities | 286 | 706 | 636 | 722 | 1,332 | 1,696 | 1,903 | 2,280 |
| Fixed Assets | 115 | 75 | 59 | 99 | 353 | 387 | 372 | 289 |
| CWIP | 8 | 0 | 24 | 2 | 6 | 23 | 39 | 28 |
| Investments | 0 | 370 | 304 | 309 | 464 | 594 | 868 | 1,123 |
| Other Assets | 163 | 261 | 249 | 313 | 510 | 693 | 624 | 839 |
| Total Assets | 286 | 706 | 636 | 722 | 1,332 | 1,696 | 1,903 | 2,280 |
Cash Flow
| Particulars | Mar 2016 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Operating | 70 | 104 | 14 | 45 | 322 | 353 | 515 | 393 |
| Investing | -55 | -120 | -11 | -55 | -197 | -155 | -215 | -150 |
| Financing | -1 | 13 | -4 | 11 | -104 | -172 | -343 | -221 |
| Net Cash Flow | 14 | -3 | -1 | 1 | 21 | 26 | -43 | 22 |
| Free Cash Flow | 22 | 78 | -24 | 21 | 285 | 276 | 454 | 354 |
| CFO/OP | 68 | 111 | -40 | 275 | 103 | 116 | 111 | 82 |
Ratios
| Particulars | Mar 2016 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Debtor Days | 34 | 31 | 58 | 44 | 39 | 27 | 23 | 58 |
| Inventory Days | 21 | 13 | 70 | 32 | 18 | 15 | 11 | 18 |
| Days Payable | 111 | 69 | 254 | 131 | 310 | 368 | 418 | 514 |
| Cash Conversion Cycle | -56 | -25 | -126 | -55 | -252 | -325 | -384 | -438 |
| Working Capital Days | -22 | -17 | -157 | -100 | -60 | -72 | -61 | -44 |
| ROCE % | — | — | -9% | 4% | 47% | 36% | 41% | 42% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Travel Food Services insights
59 extracted metrics + investor summaries across FY16–FY27.
Documents
Frequently Asked Questions about Travel Food Services
What does Travel Food Services Ltd do?
Where is Travel Food Services Ltd (TRAVELFOOD) listed?
Which sector does Travel Food Services Ltd belong to?
What is the market capitalisation of Travel Food Services Ltd?
What is the PE ratio of Travel Food Services Ltd?
What is the 52-week high and low of Travel Food Services Ltd?
Does Travel Food Services Ltd pay dividends?
What is the Return on Equity (ROE) of Travel Food Services Ltd?
Company Information
Incorporated in 2007, Travel Food Services Ltd provides Travel QSR and Lounge services in India and abroad.[1]
For AI agents and developers
Reading this as an AI agent, LLM or automated pipeline? Every page on Tapetide is also published as clean Markdown — no navigation, no scripts, just the data. Fetch https://tapetide.com/stocks/TRAVELFOOD.md for Travel Food Services Ltd: company profile, latest price, key fundamentals, the Tapetide Score, growth rates, quarterly and annual financial statements, shareholding pattern, technical indicators, analyst ratings and exchange filings.
Append .md to any Tapetide URL for the
same treatment. A full index of what we publish is at /llms.txt and /llms-full.txt. For live,
structured queries instead of documents, use our MCP server.