Financials Devyani International Limited

Equities

DEVYANI

INE872J01023

Restaurants & Bars

Market Closed - NSE India S.E. 05:13:51 17/05/2024 pm IST 5-day change 1st Jan Change
152.2 INR +0.63% Intraday chart for Devyani International Limited -5.58% -21.45%

Valuation

Fiscal Period: March 2022 2023 2024 2025 2026
Capitalization 1 2,10,874 1,74,298 1,82,422 - -
Enterprise Value (EV) 1 2,23,059 1,89,094 1,81,421 2,06,198 2,04,812
P/E ratio 133 x 66.1 x 386 x 120 x 61.5 x
Yield - - - - -
Capitalization / Revenue 10.1 x 5.81 x 5.1 x 3.55 x 3.01 x
EV / Revenue 10.7 x 6.31 x 5.1 x 4.02 x 3.38 x
EV / EBITDA 46.9 x 28.9 x 27.8 x 23 x 17.7 x
EV / FCF 142 x 88.8 x 103 x 46 x 44.9 x
FCF Yield 0.71% 1.13% 0.97% 2.17% 2.23%
Price to Book 30.8 x 18 x 17.5 x 14.8 x 11.7 x
Nbr of stocks (in thousands) 12,03,274 12,04,961 12,06,096 - -
Reference price 2 175.2 144.6 151.2 151.2 151.2
Announcement Date 02/05/22 17/05/23 14/05/24 - -
1INR in Million2INR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: March 2021 2022 2023 2024 2025 2026
Net sales 1 - 20,840 29,977 35,563 51,331 60,530
EBITDA 1 - 4,760 6,551 6,524 8,971 11,598
EBIT 1 - 2,511 3,769 2,617 4,094 6,071
Operating Margin - 12.05% 12.57% 7.36% 7.98% 10.03%
Earnings before Tax (EBT) 1 - 1,231 2,419 36.76 2,662 3,751
Net income 1 -552.1 1,563 2,650 472.6 1,508 2,914
Net margin - 7.5% 8.84% 1.33% 2.94% 4.81%
EPS 2 - 1.320 2.190 0.3900 1.265 2.458
Free Cash Flow 1 - 1,576 2,130 1,832 4,481 4,564
FCF margin - 7.56% 7.1% 5.17% 8.73% 7.54%
FCF Conversion (EBITDA) - 33.11% 32.51% 28.31% 49.95% 39.35%
FCF Conversion (Net income) - 100.82% 80.37% 210.21% 297.2% 156.62%
Dividend per Share 2 - - - - - -
Announcement Date 14/05/21 02/05/22 17/05/23 14/05/24 - -
1INR in Million2INR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: March 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4 2025 Q1
Net sales 1 - 6,244 5,907 7,047 7,474 7,906 7,550 8,466 8,649 8,846 10,964 13,017
EBITDA 1 - 1,478 1,433 1,647 1,664 1,739 1,513 1,734 1,658 1,767 983 -
EBIT 1 - - - 1,010 1,003 1,033 722.5 938.4 809.6 734.9 - 1,236
Operating Margin - - - 14.33% 13.43% 13.07% 9.57% 11.08% 9.36% 8.31% - 9.49%
Earnings before Tax (EBT) 1 - - - 771.4 587.6 647.9 412.3 129.6 333 462.3 660 -
Net income 1 457 631.2 763.9 738.5 587.6 716.7 607.2 117.6 387 348 495 -
Net margin - 10.11% 12.93% 10.48% 7.86% 9.06% 8.04% 1.39% 4.47% 3.93% 4.51% -
EPS 2 - - - 0.6100 0.4900 0.5900 0.5000 0.1000 0.2000 - 0.4000 -
Dividend per Share - - - - - - - - - - - -
Announcement Date 01/11/21 04/02/22 02/05/22 03/08/22 03/11/22 09/02/23 17/05/23 04/08/23 - - - -
1INR in Million2INR
Estimates

Balance Sheet Analysis

Fiscal Period: March 2021 2022 2023 2024 2025 2026
Net Debt 1 - 12,186 14,797 7,175 23,776 22,390
Net Cash position 1 - - - - - -
Leverage (Debt/EBITDA) - 2.56 x 2.259 x 1.109 x 2.65 x 1.931 x
Free Cash Flow 1 - 1,576 2,130 1,832 4,481 4,564
ROE (net income / shareholders' equity) - 43.4% 32% 10.8% 12.5% 17.8%
ROA (Net income/ Total Assets) - 8.82% 10.1% 3.84% 7.57% 8.63%
Assets 1 - 17,716 26,255 22,696 19,923 33,763
Book Value Per Share 2 - 5.700 8.020 8.630 10.20 12.90
Cash Flow per Share 2 - 3.740 5.260 4.240 4.090 8.700
Capex 1 - 2,930 4,240 4,032 5,395 4,790
Capex / Sales - 14.06% 14.14% 11.37% 10.51% 7.91%
Announcement Date 14/05/21 02/05/22 17/05/23 14/05/24 - -
1INR in Million2INR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Trading Rating
Investor Rating
ESG Refinitiv
C
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
21
Last Close Price
151.2 INR
Average target price
177.8 INR
Spread / Average Target
+17.53%
Consensus
  1. Stock Market
  2. Equities
  3. DEVYANI Stock
  4. Financials Devyani International Limited
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