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Last Updated on: 22 May, 2024|Author: Getaka | Social: X Twitter Profile
Stock Ticker - BSE: 539436 | NSE: COFFEEDAY

Fundamental Analysis of Coffee Day Enterprises Ltd

Basic Stock Data

Last Updated: May 22, 2024, 8:39 pm

Market Cap 1,284 Cr.
Current Price 60.8
High / Low74.6/28.9
Stock P/E9.65
Book Value 146
Dividend Yield0.00 %
ROCE6.30 %
ROE12.5 %
Face Value 10.0
PEG Ratio-0.15

Data Source: screener.in

Competitors of Coffee Day Enterprises Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Jubilant Foodworks Ltd 31,623 Cr. 480587/421121 32.90.25 %10.9 %12.4 % 2.00
The Byke Hospitality Ltd 292 Cr. 72.980.7/34.951.7 50.40.00 %4.50 %3.13 % 10.0
TGB Banquets & Hotels Ltd 46.4 Cr. 15.820.5/9.0530.5 26.60.00 %3.48 %1.77 % 10.0
Taj GVK Hotels & Resorts Ltd 2,293 Cr. 366423/21336.4 78.50.00 %21.8 %18.4 % 2.00
Best Eastern Hotels Ltd 30.1 Cr. 17.845.0/14.551.0 1.650.00 %14.3 %23.3 % 1.00
Industry Average6,856.90 Cr190.5058.1238.010.05%11.00%11.80%5.00

Quarterly Result

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales26816582147183170210229244240247258257
Expenses282222102159148176188199595188201217212
Operating Profit-15-57-20-1235-62330-35152474145
OPM %-5%-35%-25%-8%19%-4%11%13%-144%22%19%16%17%
Other Income44-138686571021216117-11677
Interest69316246-13-411714272991116
Depreciation761284139343333324848313028
Profit before tax-115-355-116-901959-184-4053622-11678
Tax %4%23%-1%-1%3%1%-2%1%-1%2%-0%6%3%
Net Profit-110-272-117-911959-184-4083523-10976
EPS in Rs-4.35-12.42-5.14-4.020.972.48-0.790.27-19.031.580.97-5.193.28

Last Updated: May 10, 2024, 4:00 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: May 3, 2024, 7:09 am

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales1,6522,2342,1772,6913,0282,7614,1423,8892,5528886269941,003
Expenses1,4621,9351,8562,3122,5362,2173,5223,4452,9099696251,240818
Operating Profit190299321379492544620444-357-801-247185
OPM %12%13%15%14%16%20%15%11%-14%-9%0%-25%18%
Other Income685064641541372153583,176-787211239
Interest123210278326359317349353519261538766
Depreciation147203249257252227260270430400148161138
Profit before tax-13-64-142-141351372251791,870-820-128-38220
Tax %-37%-16%2%-11%127%40%34%18%1%20%-2%-1%
Net Profit22-14-63-65-10821481471,849-652-131-38724
EPS in Rs13.71-15.03-54.07-57.41-2.062.285.036.0489.16-27.64-5.71-17.980.64
Dividend Payout %4%-1%0%0%0%0%0%0%0%0%0%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2012-20132013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-2023
YoY Net Profit Growth (%)-163.64%-350.00%-3.17%84.62%920.00%80.49%-0.68%1157.82%-135.26%79.91%-195.42%
Change in YoY Net Profit Growth (%)0.00%-186.36%346.83%87.79%835.38%-839.51%-81.16%1158.50%-1293.09%215.17%-275.33%

Growth

Compounded Sales Growth
10 Years:-8%
5 Years:-25%
3 Years:-27%
TTM:18%
Compounded Profit Growth
10 Years:%
5 Years:%
3 Years:%
TTM:136%
Stock Price CAGR
10 Years:%
5 Years:-25%
3 Years:21%
1 Year:82%
Return on Equity
10 Years:-4%
5 Years:-5%
3 Years:-9%
Last Year:-13%

Last Updated: May 3, 2024, 7:08 am

Balance Sheet

Last Updated: May 3, 2024, 7:09 am

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital14141415206206211211211211211211211
Reserves6026345405311,9602,0582,1662,3184,0923,5053,3933,0072,879
Preference Capital122200000000
Borrowings2,5832,8473,5784,2323,6884,4495,0507,2143,0131,7791,9171,8421,610
Other Liabilities1,2971,7121,5011,2331,1621,2871,4121,4952,2031,107774786867
Total Liabilities4,4965,2075,6336,0117,0158,0008,84011,2399,5206,6026,2965,8465,566
Fixed Assets1,7812,3872,4872,4782,2603,2603,3563,5522,8231,3881,2051,033949
CWIP6337498419977158169571,0661,2877266
Investments3293814305181,37466471617749346043044040
Other Assets1,7541,6901,8742,0182,6673,2593,8116,4444,9174,7474,6594,3664,570
Total Assets4,4965,2075,6336,0117,0158,0008,84011,2399,5206,6026,2965,8465,566

Reserves and Borrowings Chart

Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 24021230646931836853437561167108172
Cash from Investing Activity 179-982-341-252-603-544-534-1,5992,1696546117
Cash from Financing Activity -21370087-126714871951,719-4,970-226-195-63
Net Cash Flow206-7051205386311194495-2,190-94-41226

Free Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Free Cash Flow189.00297.00319.00377.00492.00544.00620.00444.00-357.00-80.001.00-247.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days585147453754425441232021
Inventory Days94971113536384138353930
Days Payable88821014529525218633221889
Cash Conversion Cycle6466573444542843-107-275-159-38
Working Capital Days44-49-21-61-6-21-451363329391,9631,091
ROCE %3%4%3%4%7%7%7%4%5%-5%-2%-6%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Promoters14.88%14.88%14.88%14.64%13.92%10.53%9.59%9.59%9.83%10.53%10.53%8.21%
FIIs3.42%3.32%3.56%3.12%3.15%5.32%3.55%3.69%2.31%0.76%0.79%1.15%
DIIs3.26%0.81%0.00%0.00%0.00%0.12%0.27%0.00%0.14%0.00%0.00%0.00%
Government0.00%0.00%0.01%0.02%0.03%0.03%0.04%0.04%0.00%0.00%0.00%0.00%
Public78.44%80.99%81.55%82.22%82.89%84.00%86.54%86.67%87.72%88.71%88.68%90.63%
No. of Shareholders85,9301,03,9511,09,4231,85,4401,84,0011,85,4911,84,2151,83,2431,80,6121,80,7941,67,2111,73,148

Shareholding Pattern Chart

No. of Shareholders

This stock is not held by any mutual fund

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)-17.98-5.71-27.6489.166.03
Diluted EPS (Rs.)-17.98-5.71-27.6489.166.03
Cash EPS (Rs.)-10.890.91-11.79108.5316.68
Book Value[Excl.RevalReserv]/Share (Rs.)159.81178.69184.44233.73149.88
Book Value[Incl.RevalReserv]/Share (Rs.)159.81178.69184.44233.73149.88
Revenue From Operations / Share (Rs.)43.7327.5340.40120.83201.87
PBDIT / Share (Rs.)-6.703.580.08-13.1336.75
PBIT / Share (Rs.)-14.33-3.40-18.87-33.4922.92
PBT / Share (Rs.)-18.30-5.93-37.6533.875.96
Net Profit / Share (Rs.)-18.52-6.06-30.7588.172.85
NP After MI And SOA / Share (Rs.)-17.98-5.71-27.6489.166.04
PBDIT Margin (%)-15.3113.010.20-10.8618.20
PBIT Margin (%)-32.76-12.34-46.72-27.7111.35
PBT Margin (%)-41.83-21.53-93.1928.022.95
Net Profit Margin (%)-42.35-22.02-76.1272.971.41
NP After MI And SOA Margin (%)-41.11-20.73-68.4273.792.99
Return on Networth / Equity (%)-11.80-3.34-15.7143.765.04
Return on Capital Employeed (%)-8.13-1.69-8.99-10.318.06
Return On Assets (%)-6.48-1.91-8.8319.761.13
Long Term Debt / Equity (X)0.040.050.060.281.05
Total Debt / Equity (X)0.490.460.200.472.59
Asset Turnover Ratio (%)0.150.090.000.000.02
Current Ratio (X)1.721.891.831.601.01
Quick Ratio (X)1.701.881.831.570.98
Inventory Turnover Ratio (X)14.8310.200.000.000.00
Interest Coverage Ratio (X)-1.631.420.01-0.531.70
Interest Coverage Ratio (Post Tax) (X)-3.53-1.40-0.88-1.410.91
Enterprise Value (Cr.)2290.872962.551434.993081.6610923.72
EV / Net Operating Revenue (X)2.485.091.681.212.56
EV / EBITDA (X)-16.1939.13810.73-11.1114.07
MarketCap / Net Operating Revenue (X)0.651.980.640.191.43
Price / BV (X)0.180.310.140.112.41
Price / Net Operating Revenue (X)0.651.980.640.191.43
EarningsYield-0.62-0.10-1.063.860.02

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value: ₹179.63

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

Undervalued: 195.45% compared to the current price ₹60.8

Intrinsic Value: ₹66.93

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Undervalued: 10.08% compared to the current price ₹60.8

Last 5 Year EPS CAGR: -62.74%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The stock has a low average Cash Conversion Cycle of -15.75, which is a positive sign.
  2. The company has higher reserves (2,129.62 cr) compared to borrowings (0.54 cr), indicating strong financial stability.
  1. The stock has a low average ROCE of 2.58%, which may not be favorable.
  2. The stock has a high average Working Capital Days of 104.17, which may not be favorable.
  3. The company has not shown consistent growth in sales (194.62) and profit (-84.08).

Stock Analysis

  • Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Coffee Day Enterprises Ltd:
    1. Net Profit Margin: -42.35%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: -8.13% (Industry Average ROCE: 11%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. ✗ ROE%: -11.80% (Industry Average ROE: 11.8%)
      • ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
    4. Interest Coverage Ratio (Post Tax): -3.53
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    5. Quick Ratio: 1.70
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    6. ✓ Stock P/E: 9.65 (Industry average Stock P/E: 58.12)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    7. ✓ Total Debt / Equity: 0.49
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
    Stock Rating:

About the Company - Qualitative Analysis

Coffee Day Enterprises Ltd. is a Public Limited Listed company incorporated on 20/06/2008 and has its registered office in the State of Karnataka, India. Company’s Corporate Identification Number(CIN) is L55101KA2008PLC046866 and registration number is 046866. Currently Company is involved in the business activities of Activities of holding companies. Company’s Total Operating Revenue is Rs. 13.71 Cr. and Equity Capital is Rs. 211.25 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Hotels, Resorts & RestaurantsNo.23/2, Coffee Day Square, Bengaluru Karnataka 560001investors@coffeeday.com
http://www.coffeeday.com
Management
NamePosition Held
Mr. S V RanganathInterim Chairman & Ind. Non-Exe. Director
Mrs. Malavika Siddhartha HegdeWholeTime Director & CEO
Dr. I R RavishNon Executive Director
Mr. Giri DevanurInd. Non-Executive Director
Mr. K R MohanInd. Non-Executive Director
Dr. C H VasudharadeviInd. Non-Executive Woman Director

FAQ

What is the latest fair value of Coffee Day Enterprises Ltd?

The latest fair value of Coffee Day Enterprises Ltd is ₹179.63.

What is the Market Cap of Coffee Day Enterprises Ltd?

The Market Cap of Coffee Day Enterprises Ltd is 1,284 Cr..

What is the current Stock Price of Coffee Day Enterprises Ltd as on 22 May 2024?

The current stock price of Coffee Day Enterprises Ltd as on 22 May 2024 is ₹60.8.

What is the High / Low of Coffee Day Enterprises Ltd stocks in FY 2024?

In FY 2024, the High / Low of Coffee Day Enterprises Ltd stocks is ₹74.6/28.9.

What is the Stock P/E of Coffee Day Enterprises Ltd?

The Stock P/E of Coffee Day Enterprises Ltd is 9.65.

What is the Book Value of Coffee Day Enterprises Ltd?

The Book Value of Coffee Day Enterprises Ltd is 146.

What is the Dividend Yield of Coffee Day Enterprises Ltd?

The Dividend Yield of Coffee Day Enterprises Ltd is 0.00 %.

What is the ROCE of Coffee Day Enterprises Ltd?

The ROCE of Coffee Day Enterprises Ltd is 6.30 %.

What is the ROE of Coffee Day Enterprises Ltd?

The ROE of Coffee Day Enterprises Ltd is 12.5 %.

What is the Face Value of Coffee Day Enterprises Ltd?

The Face Value of Coffee Day Enterprises Ltd is 10.0.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Coffee Day Enterprises Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE