Devyani International Ltd: Share Price Analysis, Intrinsic Value & Fundamentals (2025)

Share Price and Basic Stock Data

Last Updated: March 11, 2025, 11:25 pm

Market Cap	19,205 Cr.
Current Price	159
High / Low	223/142
Stock P/E	1,432
Book Value	9.66
Dividend Yield	0.00 %
ROCE	8.73 %
ROE	4.92 %
Face Value	1.00
PEG Ratio	134.23

Stock P/E, Current Price, and Intrinsic Value Over Time

Stock P/E Current Price Intrinsic Value

View Share Price Target for Devyani International Ltd

Competitors of Devyani International Ltd

Stock Name ⇩	Market Cap ⇩	Current Price ⇩	High / Low ⇩	Stock P/E ⇩	Book Value ⇩	Dividend Yield ⇩	ROCE ⇩	ROE ⇩	Face Value ⇩
Howard Hotels Ltd	19.1 Cr.	20.9	33.5/20.7		10.4	0.00 %	9.86 %	8.53 %	10.0
HS India Ltd	22.6 Cr.	13.9	20.5/13.4	16.3	19.0	0.00 %	6.90 %	4.47 %	10.0
Gujarat Hotels Ltd	103 Cr.	271	375/158	20.8	119	0.92 %	13.9 %	11.2 %	10.0
Graviss Hospitality Ltd	301 Cr.	42.7	78.0/35.1	28.3	26.5	0.00 %	1.80 %	1.40 %	2.00
Goel Food Products Ltd	26.1 Cr.	13.8	78.0/13.6	6.69	11.9	3.61 %	18.9 %	25.4 %	10.0
Industry Average	9,039.15 Cr	553.77		391.39	90.24	0.39%	12.09%	15.11%	6.71

All Competitor Stocks of Devyani International Ltd

Quarterly Result

Metric	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024
Sales	624.43	590.75	704.72	747.43	790.60	754.98	846.63	819.47	843.13	1,047.08	1,221.90	1,222.16	1,294.40
Expenses	476.60	451.08	540.03	581.04	616.66	604.37	720.52	665.04	696.84	916.83	1,006.08	1,026.46	1,081.19
Operating Profit	147.83	139.67	164.69	166.39	173.94	150.61	126.11	154.43	146.29	130.25	215.82	195.70	213.21
OPM %	23.67%	23.64%	23.37%	22.26%	22.00%	19.95%	14.90%	18.85%	17.35%	12.44%	17.66%	16.01%	16.47%
Other Income	4.51	-0.27	9.00	-6.78	-0.71	11.02	6.82	-7.41	4.61	14.34	9.91	4.84	9.05
Interest	29.64	32.16	32.82	34.81	37.81	42.04	40.37	41.66	48.24	56.67	62.99	65.33	66.98
Depreciation	55.76	64.76	63.73	66.05	70.63	78.36	79.60	86.34	92.98	125.90	132.22	139.12	146.76
Profit before tax	66.94	42.48	77.14	58.75	64.79	41.23	12.96	19.02	9.68	-37.98	30.52	-3.91	8.52
Tax %	1.40%	-78.77%	3.07%	3.29%	-9.63%	-45.23%	112.27%	-88.38%	47.73%	28.86%	26.51%	25.83%	189.67%
Net Profit	66.00	75.94	74.77	56.83	71.04	59.88	-1.59	35.82	5.07	-48.96	22.43	-4.93	-7.64
EPS in Rs	0.52	0.63	0.61	0.49	0.59	0.50	0.10	0.28	0.08	-0.06	0.25	-0.01	-0.00

Last Updated: February 28, 2025, 12:10 pm

Below is a detailed analysis of the quarterly data for Devyani International Ltd based on the most recent figures (Dec 2024) and their trends compared to the previous period:

For Sales, as of Dec 2024, the value is ₹1,294.40 Cr.. The value appears strong and on an upward trend. It has increased from 1,222.16 Cr. (Sep 2024) to ₹1,294.40 Cr., marking an increase of ₹72.24 Cr..
For Expenses, as of Dec 2024, the value is ₹1,081.19 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 1,026.46 Cr. (Sep 2024) to ₹1,081.19 Cr., marking an increase of ₹54.73 Cr..
For Operating Profit, as of Dec 2024, the value is ₹213.21 Cr.. The value appears strong and on an upward trend. It has increased from 195.70 Cr. (Sep 2024) to ₹213.21 Cr., marking an increase of ₹17.51 Cr..
For OPM %, as of Dec 2024, the value is 16.47%. The value appears strong and on an upward trend. It has increased from 16.01% (Sep 2024) to 16.47%, marking an increase of 0.46%.
For Other Income, as of Dec 2024, the value is ₹9.05 Cr.. The value appears strong and on an upward trend. It has increased from 4.84 Cr. (Sep 2024) to ₹9.05 Cr., marking an increase of ₹4.21 Cr..
For Interest, as of Dec 2024, the value is ₹66.98 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 65.33 Cr. (Sep 2024) to ₹66.98 Cr., marking an increase of ₹1.65 Cr..
For Depreciation, as of Dec 2024, the value is ₹146.76 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 139.12 Cr. (Sep 2024) to ₹146.76 Cr., marking an increase of ₹7.64 Cr..
For Profit before tax, as of Dec 2024, the value is ₹8.52 Cr.. The value appears strong and on an upward trend. It has increased from -3.91 Cr. (Sep 2024) to ₹8.52 Cr., marking an increase of ₹12.43 Cr..
For Tax %, as of Dec 2024, the value is 189.67%. The value appears to be increasing, which may not be favorable. It has increased from 25.83% (Sep 2024) to 189.67%, marking an increase of 163.84%.
For Net Profit, as of Dec 2024, the value is ₹-7.64 Cr.. The value appears to be declining and may need further review. It has decreased from -4.93 Cr. (Sep 2024) to ₹-7.64 Cr., marking a decrease of 2.71 Cr..
For EPS in Rs, as of Dec 2024, the value is 0.00. The value appears strong and on an upward trend. It has increased from ₹-0.01 (Sep 2024) to 0.00, marking an increase of ₹0.01.

Overall, while many items appear to show a positive trend, any significant downward movement warrant further investigation.

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: March 6, 2025, 1:23 pm

Metric	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
Sales	1,012	1,048	1,111	1,311	1,516	1,135	2,084	2,998	3,556	4,786
Expenses	1,013	1,008	1,015	1,106	1,254	945	1,608	2,341	2,902	4,031
Operating Profit	-1	39	96	205	262	189	476	657	654	755
OPM %	-0%	4%	9%	16%	17%	17%	23%	22%	18%	16%
Other Income	-0	8	23	42	2	131	-3	12	-71	38
Interest	43	88	34	137	161	155	129	149	189	252
Depreciation	85	137	55	203	223	229	221	278	391	544
Profit before tax	-129	-178	30	-93	-120	-64	123	242	4	-3
Tax %	1%	1%	-3%	1%	2%	-2%	-26%	-9%	363%
Net Profit	-130	-180	31	-94	-121	-63	155	263	-10	-39
EPS in Rs	-11.98	-11.31	4.33	-7.46	-11.46	-0.48	1.30	2.20	0.39	0.18
Dividend Payout %	0%	0%	0%	0%	0%	0%	0%	0%	0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2016-2017	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024
YoY Net Profit Growth (%)	-38.46%	117.22%	-403.23%	-28.72%	47.93%	346.03%	69.68%	-103.80%
Change in YoY Net Profit Growth (%)	0.00%	155.68%	-520.45%	374.50%	76.66%	298.10%	-276.35%	-173.48%

Devyani International Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 8 years from 2016-2017 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:	%
5 Years:	22%
3 Years:	46%
TTM:	47%

Compounded Profit Growth
10 Years:	%
5 Years:	20%
3 Years:	36%
TTM:	-88%

Stock Price CAGR
10 Years:	%
5 Years:	%
3 Years:	1%
1 Year:	6%

Return on Equity
10 Years:	%
5 Years:	%
3 Years:	22%
Last Year:	5%

Last Updated: Unknown

Balance Sheet

Last Updated: November 14, 2024, 4:40 pm

Month	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
Equity Capital	106	106	106	106	106	115	120	120	121	121
Reserves	70	-19	33	-176	-295	-2	566	850	935	1,045
Borrowings	348	306	371	488	1,832	1,336	1,254	1,565	2,906	3,099
Other Liabilities	196	202	218	1,390	240	219	322	450	971	1,067
Total Liabilities	720	596	728	1,807	1,884	1,668	2,263	2,985	4,932	5,332
Fixed Assets	491	406	445	1,578	1,635	1,392	1,756	2,427	4,216	4,561
CWIP	38	15	56	12	14	14	7	15	11	10
Investments	0	0	0	0	0	0	0	0	0	0
Other Assets	192	174	226	218	235	262	500	543	705	761
Total Assets	720	596	728	1,807	1,884	1,668	2,263	2,985	4,932	5,332

Below is a detailed analysis of the balance sheet data for Devyani International Ltd based on the most recent figures (Sep 2024) and their trends compared to the previous period:

For Equity Capital, as of Sep 2024, the value is ₹121.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2024) which recorded ₹121.00 Cr..
For Reserves, as of Sep 2024, the value is ₹1,045.00 Cr.. The value appears strong and on an upward trend. It has increased from ₹935.00 Cr. (Mar 2024) to ₹1,045.00 Cr., marking an increase of 110.00 Cr..
For Borrowings, as of Sep 2024, the value is ₹3,099.00 Cr.. The value appears to be increasing, which may not be favorable. However, Borrowings exceed Reserves, which may signal higher financial risk. It has increased from ₹2,906.00 Cr. (Mar 2024) to ₹3,099.00 Cr., marking an increase of 193.00 Cr..
For Other Liabilities, as of Sep 2024, the value is ₹1,067.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from ₹971.00 Cr. (Mar 2024) to ₹1,067.00 Cr., marking an increase of 96.00 Cr..
For Total Liabilities, as of Sep 2024, the value is ₹5,332.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from ₹4,932.00 Cr. (Mar 2024) to ₹5,332.00 Cr., marking an increase of 400.00 Cr..
For Fixed Assets, as of Sep 2024, the value is ₹4,561.00 Cr.. The value appears strong and on an upward trend. It has increased from ₹4,216.00 Cr. (Mar 2024) to ₹4,561.00 Cr., marking an increase of 345.00 Cr..
For CWIP, as of Sep 2024, the value is ₹10.00 Cr.. The value appears to be declining and may need further review. It has decreased from ₹11.00 Cr. (Mar 2024) to ₹10.00 Cr., marking a decrease of 1.00 Cr..
For Investments, as of Sep 2024, the value is ₹0.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2024) which recorded ₹0.00 Cr..
For Other Assets, as of Sep 2024, the value is ₹761.00 Cr.. The value appears strong and on an upward trend. It has increased from ₹705.00 Cr. (Mar 2024) to ₹761.00 Cr., marking an increase of 56.00 Cr..
For Total Assets, as of Sep 2024, the value is ₹5,332.00 Cr.. The value appears strong and on an upward trend. It has increased from ₹4,932.00 Cr. (Mar 2024) to ₹5,332.00 Cr., marking an increase of 400.00 Cr..

However, the Borrowings (3,099.00 Cr.) are higher than the Reserves (₹1,045.00 Cr.), which may signal higher financial risk.

Overall, while many items appear to show a positive trend, any significant downward movement or items where Borrowings exceed Reserves warrant further investigation.

Reserves and Borrowings Chart

Cash Flow

Month	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Cash from Operating Activity +	90	91	278	301	240	451	637	592
Cash from Investing Activity +	-67	-140	-165	-91	-355	-375	-349	-1,377
Cash from Financing Activity +	-32	56	-130	-223	142	-58	-283	889
Net Cash Flow	-9	7	-18	-13	27	17	5	105

Free Cash Flow

Month	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Free Cash Flow	-349.00	-267.00	-275.00	-283.00	261.00	188.00	475.00	656.00	652.00

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

Month	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Debtor Days	5	6	6	6	4	5	4	4	5
Inventory Days	45	39	48	52	57	66	52	52	45
Days Payable	127	129	139	128	129	171	119	98	130
Cash Conversion Cycle	-77	-85	-84	-70	-68	-100	-64	-42	-79
Working Capital Days	-31	-67	-51	-46	-60	-63	-6	-25	-29
ROCE %		-19%	15%	7%	6%	2%	16%	18%	9%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024
Promoters	62.80%	62.80%	62.80%	62.80%	62.78%	62.76%	62.74%	62.74%	62.74%	62.73%	62.72%	62.72%
FIIs	6.90%	6.87%	8.30%	8.82%	9.77%	12.05%	13.34%	12.47%	12.44%	11.68%	11.17%	11.17%
DIIs	5.75%	6.26%	7.47%	7.88%	9.66%	8.74%	8.23%	8.52%	12.20%	14.19%	15.38%	15.46%
Public	24.55%	24.07%	21.43%	20.51%	17.78%	16.46%	15.69%	16.27%	12.64%	11.41%	10.73%	10.65%
No. of Shareholders	2,73,646	2,70,711	2,96,192	2,95,333	3,06,355	2,71,689	2,64,714	2,95,903	3,34,075	3,01,376	2,68,125	2,65,184

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund Name	No of Shares	AUM (%)	Amount Invested (Cr)	Previous Number of Shares	Previous Date	Percentage Change
Nippon India Growth Fund	16,604,941	0.92	255.72	16,604,941	2025-03-10	0%
Nippon India Focused Equity Fund	10,070,086	1.96	155.08	16,604,941	2025-03-10	-39.35%
Nippon India Multi Cap Fund	9,371,735	0.45	144.32	16,604,941	2025-03-10	-43.56%
Nippon India Flexi Cap Fund	6,091,450	1.33	93.81	16,604,941	2025-03-10	-63.32%
Sundaram Mid Cap Fund	5,147,346	0.72	79.27	16,604,941	2025-03-10	-69%
Sundaram Mid Cap Fund - Institutional Plan	5,147,346	0.72	79.27	16,604,941	2025-03-10	-69%
Invesco India Contra Fund	4,518,882	0.51	75.17	16,604,941	2025-03-10	-72.79%
Aditya Birla Sun Life ELSS Tax Saver Fund	4,826,248	0.48	74.32	16,604,941	2025-03-10	-70.93%
Axis Flexi Cap Fund	3,000,000	0.42	49.91	16,604,941	2025-03-10	-81.93%
Aditya Birla Sun Life Equity Advantage Fund	3,109,647	0.83	47.89	16,604,941	2025-03-10	-81.27%

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20
FaceValue	1.00	1.00	1.00	1.00	10.00
Basic EPS (Rs.)	0.39	2.20	1.32	-0.55	-11.44
Diluted EPS (Rs.)	0.39	2.19	1.32	-0.55	-11.44
Cash EPS (Rs.)	3.11	4.49	3.12	1.44	9.60
Book Value[Excl.RevalReserv]/Share (Rs.)	11.18	7.99	5.66	0.62	-21.50
Book Value[Incl.RevalReserv]/Share (Rs.)	11.18	7.99	5.66	0.62	-21.50
Revenue From Operations / Share (Rs.)	29.49	24.88	17.30	9.84	142.83
PBDIT / Share (Rs.)	5.63	5.71	4.06	2.11	25.46
PBIT / Share (Rs.)	2.44	3.40	2.22	0.11	4.42
PBT / Share (Rs.)	0.03	2.01	1.02	-0.71	-7.24
Net Profit / Share (Rs.)	-0.08	2.18	1.29	-0.54	-11.44
NP After MI And SOA / Share (Rs.)	0.39	2.20	1.30	-0.47	-11.46
PBDIT Margin (%)	19.09	22.95	23.44	21.41	17.82
PBIT Margin (%)	8.27	13.65	12.82	1.19	3.09
PBT Margin (%)	0.10	8.07	5.90	-7.26	-5.07
Net Profit Margin (%)	-0.27	8.75	7.44	-5.55	-8.00
NP After MI And SOA Margin (%)	1.32	8.83	7.50	-4.86	-8.02
Return on Networth / Equity (%)	4.48	27.35	22.77	-48.52	0.00
Return on Capital Employeed (%)	7.31	16.69	14.50	1.08	3.59
Return On Assets (%)	0.95	8.86	6.90	-3.30	-6.45
Long Term Debt / Equity (X)	0.68	0.07	0.15	3.09	-1.77
Total Debt / Equity (X)	0.86	0.07	0.19	3.28	-2.25
Asset Turnover Ratio (%)	0.89	1.14	0.96	0.57	0.73
Current Ratio (X)	0.53	0.57	0.79	0.39	0.24
Quick Ratio (X)	0.38	0.33	0.59	0.24	0.12
Inventory Turnover Ratio (X)	8.08	8.30	7.68	4.70	6.83
Interest Coverage Ratio (X)	3.63	4.67	3.85	1.59	1.71
Interest Coverage Ratio (Post Tax) (X)	1.50	2.92	2.36	0.09	0.28
Enterprise Value (Cr.)	19164.31	17403.75	21180.95	0.00	0.00
EV / Net Operating Revenue (X)	5.39	5.81	10.16	0.00	0.00
EV / EBITDA (X)	28.22	25.29	43.35	0.00	0.00
MarketCap / Net Operating Revenue (X)	5.10	5.81	10.13	0.00	0.00
Price / BV (X)	17.20	17.98	30.77	0.00	0.00
Price / Net Operating Revenue (X)	5.10	5.81	10.13	0.00	0.00
EarningsYield	0.00	0.01	0.01	0.00	0.00

After reviewing the key financial ratios for Devyani International Ltd, here is a detailed analysis based on the latest available data and recent trends:

For FaceValue, as of Mar 24, the value is 1.00. This value is within the healthy range. There is no change compared to the previous period (Mar 23) which recorded 1.00.
For Basic EPS (Rs.), as of Mar 24, the value is 0.39. This value is below the healthy minimum of 5. It has decreased from 2.20 (Mar 23) to 0.39, marking a decrease of 1.81.
For Diluted EPS (Rs.), as of Mar 24, the value is 0.39. This value is below the healthy minimum of 5. It has decreased from 2.19 (Mar 23) to 0.39, marking a decrease of 1.80.
For Cash EPS (Rs.), as of Mar 24, the value is 3.11. This value is within the healthy range. It has decreased from 4.49 (Mar 23) to 3.11, marking a decrease of 1.38.
For Book Value[Excl.RevalReserv]/Share (Rs.), as of Mar 24, the value is 11.18. It has increased from 7.99 (Mar 23) to 11.18, marking an increase of 3.19.
For Book Value[Incl.RevalReserv]/Share (Rs.), as of Mar 24, the value is 11.18. It has increased from 7.99 (Mar 23) to 11.18, marking an increase of 3.19.
For Revenue From Operations / Share (Rs.), as of Mar 24, the value is 29.49. It has increased from 24.88 (Mar 23) to 29.49, marking an increase of 4.61.
For PBDIT / Share (Rs.), as of Mar 24, the value is 5.63. This value is within the healthy range. It has decreased from 5.71 (Mar 23) to 5.63, marking a decrease of 0.08.
For PBIT / Share (Rs.), as of Mar 24, the value is 2.44. This value is within the healthy range. It has decreased from 3.40 (Mar 23) to 2.44, marking a decrease of 0.96.
For PBT / Share (Rs.), as of Mar 24, the value is 0.03. This value is within the healthy range. It has decreased from 2.01 (Mar 23) to 0.03, marking a decrease of 1.98.
For Net Profit / Share (Rs.), as of Mar 24, the value is -0.08. This value is below the healthy minimum of 2. It has decreased from 2.18 (Mar 23) to -0.08, marking a decrease of 2.26.
For NP After MI And SOA / Share (Rs.), as of Mar 24, the value is 0.39. This value is below the healthy minimum of 2. It has decreased from 2.20 (Mar 23) to 0.39, marking a decrease of 1.81.
For PBDIT Margin (%), as of Mar 24, the value is 19.09. This value is within the healthy range. It has decreased from 22.95 (Mar 23) to 19.09, marking a decrease of 3.86.
For PBIT Margin (%), as of Mar 24, the value is 8.27. This value is below the healthy minimum of 10. It has decreased from 13.65 (Mar 23) to 8.27, marking a decrease of 5.38.
For PBT Margin (%), as of Mar 24, the value is 0.10. This value is below the healthy minimum of 10. It has decreased from 8.07 (Mar 23) to 0.10, marking a decrease of 7.97.
For Net Profit Margin (%), as of Mar 24, the value is -0.27. This value is below the healthy minimum of 5. It has decreased from 8.75 (Mar 23) to -0.27, marking a decrease of 9.02.
For NP After MI And SOA Margin (%), as of Mar 24, the value is 1.32. This value is below the healthy minimum of 8. It has decreased from 8.83 (Mar 23) to 1.32, marking a decrease of 7.51.
For Return on Networth / Equity (%), as of Mar 24, the value is 4.48. This value is below the healthy minimum of 15. It has decreased from 27.35 (Mar 23) to 4.48, marking a decrease of 22.87.
For Return on Capital Employeed (%), as of Mar 24, the value is 7.31. This value is below the healthy minimum of 10. It has decreased from 16.69 (Mar 23) to 7.31, marking a decrease of 9.38.
For Return On Assets (%), as of Mar 24, the value is 0.95. This value is below the healthy minimum of 5. It has decreased from 8.86 (Mar 23) to 0.95, marking a decrease of 7.91.
For Long Term Debt / Equity (X), as of Mar 24, the value is 0.68. This value is within the healthy range. It has increased from 0.07 (Mar 23) to 0.68, marking an increase of 0.61.
For Total Debt / Equity (X), as of Mar 24, the value is 0.86. This value is within the healthy range. It has increased from 0.07 (Mar 23) to 0.86, marking an increase of 0.79.
For Asset Turnover Ratio (%), as of Mar 24, the value is 0.89. It has decreased from 1.14 (Mar 23) to 0.89, marking a decrease of 0.25.
For Current Ratio (X), as of Mar 24, the value is 0.53. This value is below the healthy minimum of 1.5. It has decreased from 0.57 (Mar 23) to 0.53, marking a decrease of 0.04.
For Quick Ratio (X), as of Mar 24, the value is 0.38. This value is below the healthy minimum of 1. It has increased from 0.33 (Mar 23) to 0.38, marking an increase of 0.05.
For Inventory Turnover Ratio (X), as of Mar 24, the value is 8.08. This value exceeds the healthy maximum of 8. It has decreased from 8.30 (Mar 23) to 8.08, marking a decrease of 0.22.
For Interest Coverage Ratio (X), as of Mar 24, the value is 3.63. This value is within the healthy range. It has decreased from 4.67 (Mar 23) to 3.63, marking a decrease of 1.04.
For Interest Coverage Ratio (Post Tax) (X), as of Mar 24, the value is 1.50. This value is below the healthy minimum of 3. It has decreased from 2.92 (Mar 23) to 1.50, marking a decrease of 1.42.
For Enterprise Value (Cr.), as of Mar 24, the value is 19,164.31. It has increased from 17,403.75 (Mar 23) to 19,164.31, marking an increase of 1,760.56.
For EV / Net Operating Revenue (X), as of Mar 24, the value is 5.39. This value exceeds the healthy maximum of 3. It has decreased from 5.81 (Mar 23) to 5.39, marking a decrease of 0.42.
For EV / EBITDA (X), as of Mar 24, the value is 28.22. This value exceeds the healthy maximum of 15. It has increased from 25.29 (Mar 23) to 28.22, marking an increase of 2.93.
For MarketCap / Net Operating Revenue (X), as of Mar 24, the value is 5.10. This value exceeds the healthy maximum of 3. It has decreased from 5.81 (Mar 23) to 5.10, marking a decrease of 0.71.
For Price / BV (X), as of Mar 24, the value is 17.20. This value exceeds the healthy maximum of 3. It has decreased from 17.98 (Mar 23) to 17.20, marking a decrease of 0.78.
For Price / Net Operating Revenue (X), as of Mar 24, the value is 5.10. This value exceeds the healthy maximum of 3. It has decreased from 5.81 (Mar 23) to 5.10, marking a decrease of 0.71.
For EarningsYield, as of Mar 24, the value is 0.00. This value is below the healthy minimum of 5. It has decreased from 0.01 (Mar 23) to 0.00, marking a decrease of 0.01.

Overall, while many metrics show healthy performance, any figures highlighted in red or significant downward trends warrant further investigation.

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Devyani International Ltd as of March 12, 2025 is: ₹555.36

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.

As of March 12, 2025, Devyani International Ltd is Undervalued by 249.28% compared to the current share price 159.00

Intrinsic Value of Devyani International Ltd as of March 12, 2025 is: 614.61

Calculation basis:

Intrinsic 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 intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of March 12, 2025, Devyani International Ltd is Undervalued by 286.55% compared to the current share price 159.00

Last 5 Year EPS CAGR: 10.67%

*Investments are subject to market risks

Strength and Weakness

Strength	Weakness
The stock has a low average Working Capital Days of -42.00, which is a positive sign. The stock has a low average Cash Conversion Cycle of -74.33, which is a positive sign.	The stock has a low average ROCE of 6.00%, which may not be favorable. The company has higher borrowings (1,350.50) compared to reserves (300.70), which may suggest financial risk. The company has not shown consistent growth in sales (1.70) and profit (-18.80).

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 Devyani International Ltd:
1. Net Profit Margin: -0.27%
  - 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: 7.31% (Industry Average ROCE: 11.42%)
  - 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%: 4.48% (Industry Average ROE: 13.01%)
  - 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): 1.5
  - 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: 0.38
  - 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: 1 (Industry average Stock P/E: 293.54)
  - 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: 0.86
  - 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

Devyani International Ltd. is a Public Limited Listed company incorporated on 13/12/1991 and has its registered office in the State of Delhi, India. Company's Corporate Identification Number(CIN) is L15135DL1991PLC046758 and registration number is 046758. Currently Company is involved in the business activities of Restaurants and mobile food service activities. Company's Total Operating Revenue is Rs. 3116.22 Cr. and Equity Capital is Rs. 120.59 Cr. for the Year ended 31/03/2024.

INDUSTRY	ADDRESS	CONTACT
Hotels, Resorts & Restaurants	F-2/7, Okhla Industrial Area, New Delhi Delhi 110020	companysecretary@dil-rjcorp.com http://www.dil-rjcorp.com

Management
Name	Position Held
Mr. Ravi Jaipuria	Non Executive Chairman
Mr. Manish Dawar	WholeTime Director & CFO
Mr. Virag Joshi	Whole Time Director
Mr. Varun Jaipuria	Non Exe.Non Ind.Director
Mr. Raj Pal Gandhi	Non Exe.Non Ind.Director
Mr. Pradeep Sardana	Ind. Non-Executive Director
Mr. Prashant Purker	Ind. Non-Executive Director
Dr. Naresh Trehan	Ind. Non-Executive Director
Dr. Girish Kumar Ahuja	Ind. Non-Executive Director
Dr. Ravi Gupta	Ind. Non-Executive Director
Ms. Rashmi Dhariwal	Ind. Non-Executive Director

FAQ

What is the latest intrinsic value of Devyani International Ltd?

The latest intrinsic value of Devyani International Ltd as on 12 March 2025 is ₹555.36, which is 249.28% higher than the current market price of 159.00, indicating the stock is undervalued by 249.28%. The intrinsic value of Devyani International Ltd is calculated using PE ratio method. The stock has a market capitalization of ₹19,205 Cr. and recorded a high/low of ₹223/142 during the current fiscal year 2024-2025. As of Sep 2024, the company has reserves of ₹1,045 Cr and total liabilities of ₹5,332 Cr.

What is the Market Cap of Devyani International Ltd?

The Market Cap of Devyani International Ltd is 19,205 Cr..

What is the current Stock Price of Devyani International Ltd as on 12 March 2025?

The current stock price of Devyani International Ltd as on 12 March 2025 is ₹159.

What is the High / Low of Devyani International Ltd stocks in FY 2024-2025?

In FY 2024-2025, the High / Low of Devyani International Ltd stocks is ₹223/142.

What is the Stock P/E of Devyani International Ltd?

The Stock P/E of Devyani International Ltd is 1,432.

What is the Book Value of Devyani International Ltd?

The Book Value of Devyani International Ltd is 9.66.

What is the Dividend Yield of Devyani International Ltd?

The Dividend Yield of Devyani International Ltd is 0.00 %.

What is the ROCE of Devyani International Ltd?

The ROCE of Devyani International Ltd is 8.73 %.

What is the ROE of Devyani International Ltd?

The ROE of Devyani International Ltd is 4.92 %.

What is the Face Value of Devyani International Ltd?

The Face Value of Devyani International Ltd is 1.00.