MarketFriction

Devyani International Ltd

NSE DEVYANI · BSE 543330 · Restaurants
₹127.07 -2.47%
NSE close2026-10-01
52 week range91.55 - 172.74
Market cap₹16,117 Cr.
IPO 2021 · +41% since Nifty 500Nifty Smallcap 100Smallcap 250 Price band 20% Delivery 42.8%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales8198431,0471,2221,2221,2941,2131,3571,3771,4411,4371,581
Expenses6656979171,0061,0261,0811,0271,1511,1851,2101,2171,326
Operating Profit154146130216196213186206192231220254
OPM %19%17%12%18%16%16%15%15%14%16%15%16%
Other Income-7514105913133-101819
Interest424857636567706769707070
Depreciation8693126132139147152150155167182180
Profit before tax1910-3831-49-223-29-16-1523
Tax %-88%48%29%27%26%190%-25%19%-18%-31%-32%25%
Net Profit365-4922-5-8-172-24-11-1017
EPS in Rs0.280.08-0.060.250.00-0.00-0.120.03-0.18-0.08-0.080.12
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales1,0121,0481,1111,3111,5161,1352,0842,9983,5564,9515,6115,835
Expenses1,0131,0081,0151,1061,2549451,6082,3412,9914,1124,7524,938
Operating Profit-13996205262189476657565839860898
OPM %-0.1%3.7%9%16%17%17%23%22%16%17%15%15%
Other Income-0823422131-31218333130
Interest438834137161155129149189267278279
Depreciation8513755203223229221278391592670685
Profit before tax-129-17830-93-120-64123242413-57-37
Tax %1%1%-3%1%2%-2%-26%-9%363%154%-25%
Net Profit-130-18031-94-121-63155263-10-7-43-28
EPS in Rs-11.98-11.314.33-7.46-11.46-0.481.302.200.390.08-0.31-0.22
Dividend Payout %0%0%0%0%0%0%0%0%0%0%0%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth19%38%23%15%
Compounded Profit Growth6%12%%31%
Stock Price CAGR%2%-15%-22%
Return on Equity%7%-3%-2%
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital106106106106106115120120121121123
Reserves70-1933-176-295-25668509359741,419
Borrowings3483063714881,8321,3361,2541,5652,9063,1883,833
Other Liabilities1962022181,3902402193224509711,0571,375
Total Liabilities7205967281,8071,8841,6682,2632,9854,9325,3396,750
Fixed Assets4914064451,5781,6351,3921,7562,4274,2164,6225,686
CWIP3815561214147151138
Investments00000000012
Other Assets1921742262182352625005437057121,054
Total Assets7205967281,8071,8841,6682,2632,9854,9325,3396,750
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity9091278301240451637766900927
Cash from Investing Activity-67-140-165-91-355-375-349-1,551-461-419
Cash from Financing Activity-3256-130-223142-58-283889-425-197
Net Cash Flow-97-18-132717510514310
Free Cash Flow21-49137202107158213305418486
CFO/OP232%99%136%115%126%97%104%140%107%109%
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days56664544534
Inventory Days4539485257665252453534
Days Payable12712913912812917111998130105127
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%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters62.74%62.74%62.74%62.73%62.72%62.72%62.72%62.62%61.41%61.37%61.37%61.37%
FIIs13.34%12.47%12.44%11.68%11.17%11.17%10.46%9.42%6.55%5.77%6.13%6.81%
DIIs8.23%8.52%12.20%14.19%15.38%15.46%16.87%18.09%19.76%19.44%19.33%18.84%
Public15.69%16.27%12.64%11.41%10.73%10.65%9.95%9.86%12.29%13.42%13.17%12.97%
No. of Shareholders2,64,7142,95,9033,34,0753,01,3762,68,1252,65,1842,56,3792,45,8272,38,1902,43,3632,52,9632,52,889

Fundamentals

Market Cap₹ 16,117 Cr.
Current Price₹ 131
Book Value₹ 12.5
ROCE4.75 %
ROE-1.56 %
Dividend Yield0.00 %
Face Value₹ 1.00
Compounded Sales Growth (TTM)15%
Compounded Profit Growth (TTM)31%
Consolidated figures.
Valuation
Market capRs 15,667 Cr
Enterprise valueRs 19,005 Cr
Price to book10.16x
Price to sales2.69x
EV / EBITDA20.50x
EV / EBIT78.40x
EV / sales3.26x
Price to cash flow16.91x
Earnings yield-0.18%
P/E, 3-year average1175.01x
P/B, 3-year average13.73x
P/E, 5-year average637.71x
P/B, 5-year average17.98x
Profitability
Operating margin (excl. other income)15.32%
Operating margin (incl. other income)15.88%
EBITDA margin15.89%
Pre-tax margin-0.63%
Net profit margin-0.47%
Net margin, latest quarter0.93%
ROE-2.93%
ROCE4.58%
ROA-0.64%
ROE, 3-year average0.86%
ROCE, 3-year average5.77%
ROA, 3-year average0.24%
ROE, 5-year average14.73%
ROCE, 5-year average9.93%
ROA, 5-year average3.76%
ROIC (approx.)3.72%
Tax rate25.20%
Other income / net worth2.02%
Growth
Sales growth (latest year)13.34%
Profit growth (latest year)-522.19%
Sales CAGR, 3 years23.24%
Sales CAGR, 5 years37.67%
Sales growth QoQ10.00%
Sales growth YoY (latest quarter)16.47%
Profit growth YoY (latest quarter)297.02%
Per share
EPS (TTM)Rs -0.22
EPS (latest year)Rs -0.31
EPS (latest quarter)Rs 0.12
EPS, 3-year averageRs 0.05
EPS, 5-year averageRs 0.73
Book value per shareRs 12.51
Sales per shareRs 47.33
Cash flow per shareRs 7.51
Free cash flow per shareRs 3.94
Efficiency
Asset turnover0.83x
Fixed asset turnover0.99x
Inventory turnover16.46x
Inventory days22 days
Debtor days4 days
Debtors turnover87.57x
Creditor days127 days
Cash conversion cycle-89 days
Working capital days-85 days
Leverage
Total debtRs 3,833 Cr
Cash and bankRs 495 Cr
Net debtRs 3,338 Cr
Debt to equity2.49x
Net debt / EBITDA3.60x
Interest coverage0.87x
Current ratio (filing 2026-03-31)0.51x
Quick ratio (filing 2026-03-31)0.41x
Trade payables (filing 2026-03-31)Rs 615 Cr
Owners' fund to total sources22.84%
Debt to assets56.79%
Cash flow
Cash from Operating Activity (latest year)Rs 927 Cr
Cash from Investing Activity (latest year)Rs -419 Cr
Cash from Financing Activity (latest year)Rs -197 Cr
Net Cash Flow (latest year)Rs 310 Cr
Free cash flow (latest year)Rs 486 Cr
FCFE (approx.: FCF + change in debt)Rs 1,132 Cr
Cash from ops / profit, 5 years10.28x
Sales to cash flow6.06x
Statement figures
Net sales (TTM)Rs 5,835 Cr
Net sales (latest year)Rs 5,611 Cr
Sales (latest quarter)Rs 1,581 Cr
Operating profit excl. other income (latest year)Rs 860 Cr
Operating profit (latest quarter)Rs 254 Cr
Other income (TTM)Rs 30 Cr
EBITDA (TTM)Rs 927 Cr
PBDT (TTM)Rs 648 Cr
Profit before tax (TTM)Rs -37 Cr
Tax (latest year)Rs -14 Cr
Net profit (TTM)Rs -28 Cr
Net profit (latest year)Rs -39 Cr
Net profit (latest quarter)Rs 15 Cr
Depreciation (TTM)Rs 685 Cr
Depreciation (latest quarter)Rs 180 Cr
Interest (TTM)Rs 279 Cr
Cost of goods sold (latest year)Rs 2,709 Cr
Total expenditure (latest year)Rs 4,752 Cr
Total income (latest year)Rs 5,643 Cr
Share capitalRs 123 Cr
ReservesRs 1,419 Cr
Shareholders' fundsRs 1,542 Cr
Total assetsRs 6,750 Cr
Net blockRs 5,686 Cr
Capital work in progressRs 8 Cr
InvestmentsRs 2 Cr
ReceivablesRs 64 Cr
InventoryRs 165 Cr
Other liabilitiesRs 1,375 Cr
Shares outstanding (crore)123.29
Ownership
Promoter holding61.37% (-1.25 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/B 10.16 is at the 3th percentile (median 21.31).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodDEVYANINifty 50Difference
1 week-7.6%-2.8% -4.8 pts
1 month-8.4%-6.8% -1.6 pts
3 months+11.3%-7.6% +18.9 pts
6 months+34.3%+0.4% +33.9 pts
1 year-26.6%-9.9% -16.7 pts
2 years-42.7%-13.6% -29.1 pts
3 years-40.7%+14.2% -54.9 pts
5 years+9.7%+27.9% -18.2 pts
77 mutual fund schemes hold about ₹3,018 Cr. Over three months 68 bought more and 4 sold (share counts, price move removed).
FundWeightEst. Cr3m shares
Nippon India Multi Cap Fund0.89%503 +9%
Kotak Small Cap Fund1.32%261 +6%
Nippon India Growth Mid Cap Fund0.47%246 +5%
Nippon India Large Cap Fund0.40%216 +10%
HSBC Small Cap Fund0.99%189 +49%
HDFC Multi Cap Fund0.76%157 +10%
Axis Small Cap Fund0.50%157 +5%
Nippon India Multi Asset Allocation Fund0.70%125 +27%
Sundaram Mid Cap Fund0.79%118 +30%
Sundaram Mid Cap Fund0.79%115 +30%
Nippon India Flexi Cap Fund0.92%91 +20%
Tata Large & Mid Cap Fund0.94%72 +15%
HSBC Flexi Cap Fund1.19%71 +11%
ICICI Pru Innovation Fund0.86%67 -6%
Nippon India Balanced Advantage Fund0.62%61 +32%
HDFC Large & Mid Cap Fund0.20%60 +8%
Aditya Birla SL Consumption Fund0.81%50 +10%
Mirae Asset Flexi Cap Fund1.01%45 +100%
HDFC Balanced Advantage Fund0.04%41 +100%
Bajaj Finserv Small Cap Fund1.30%34 +2%
HSBC Consumption Fund1.86%34 +32%
Nippon India Value Fund0.36%32 +100%
Aditya Birla SL Aggressive Hybrid Fund0.39%28 +10%
Sundaram Flexi Cap Fund1.38%27 +14%
Motilal Oswal Small Cap Fund0.24%20 +100%

Red flags

F-score 3 of 8
lookRegulator order or action Regulator order or action 2026-06-11: Devyani International Limited has informed the Exchange about update on action(s) taken or orders passed
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Jun 2026
Sales ₹1,581 Cr +16.5% vs Jun 2025. Net profit ₹17 Cr +750.0%.

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2024-06-27Annual General Meeting
2023-06-23Annual General Meeting
2022-06-17Annual General Meeting
DateTypeWhat it says
2026-09-21Concall / analyst meetSchedule of meet
2026-09-18General UpdatesIntimation of ESG Rating.
2026-09-18Concall / analyst meetSchedule of meet
2026-09-14Concall / analyst meetSchedule of meet
2026-09-10General UpdatesDisclosure under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
2026-08-31ResignationResignation of Director/KMP/SMP
2026-08-31Change in ManagementChange in Senior Management Personnel
2026-08-31Concall / analyst meetSchedule of meet
2026-08-26Scheme of ArrangementAmended Scheme of Arrangement
2026-08-26Board meeting outcomeOutcome of Board Meeting held on August 26, 2026.
2026-08-26General UpdatesVoluntary strike-off of non-operational subsidiary of the Company
2026-08-14Shareholder meetingProceedings of Annual General Meeting held on August 14, 2026. Further, the company has submitted the Exchange a copy of Srutinizers report.
2026-08-04Concall / analyst meetTranscript
2026-07-29Concall / analyst meetLink of Recording
2026-07-29ESOP grantOptions to purchase securities
2026-07-29Press ReleaseA press release dated July 29, 2026, titled "Press Release".
2026-07-29Investor PresentationInvestor Presentation
2026-07-29Board meeting outcomeDevyani International Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
2026-07-23Shareholder meetingNotice of Annual General Meeting to be held on August 14, 2026
2026-07-22Concall / analyst meetSchedule of meet
2026-07-01General UpdatesUpdate on acquisition.
2026-07-01Disclosure under SEBI TakeovDevyani International Limited has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India ...
2026-06-16Concall / analyst meetSchedule of meet
2026-06-15Scheme of ArrangementUpdate on Scheme of Arrangement
2026-06-11Regulatory actionUpdate on action(s) taken or orders passed
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
EPS in the scrip is zero (4 trailing quarters)

Quick answers

What is the market cap of Devyani International Ltd?

Devyani International Ltd (DEVYANI) has a market capitalisation of Rs 16,117 Cr. at the 2026-10-01 close.

What were Devyani International Ltd's latest quarterly results?

In the Jun 2026 quarter, Devyani International Ltd sales was Rs 1,581 Cr (+16.5% vs Jun 2025) and net profit was Rs 17 Cr.

What is the 52-week high and low of Devyani International Ltd?

The 52-week high is Rs 172.74 and the 52-week low is Rs 91.55.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03