Restaurant Brands Asia Ltd
Burger King India Ltd is an international QSR chain in India. It started operations in 2014 and has established ~260 restaurants across major cities. The company is an Exclusive National Master Franchisee of Burger King in India and its subsidiaries are Exclusive National Master Franchisee of the brands Burger King and Popeyes in Indonesia[1]
- Market Cap ₹ 5,611 Cr.
- Current Price ₹ 113
- High / Low ₹ 134 / 91.5
- Stock P/E
- Book Value ₹ 37.3
- Dividend Yield 0.00 %
- ROCE 7.24 %
- ROE 5.22 %
- Face Value ₹ 10.0
Pros
Cons
- Stock is trading at 3.02 times its book value
- Company has low interest coverage ratio.
- Promoter holding is low: 15.3%
- Company has a low return on equity of 1.23% over last 3 years.
- Promoter holding has decreased over last 3 years: -37.3%
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Sector: Quick Service Restaurant Industry: Hotels
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Dec 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
7 | 16 | 139 | 230 | 378 | 633 | 841 | 494 | 944 | 1,440 | 1,760 | 1,828 | |
32 | 21 | 172 | 237 | 370 | 554 | 737 | 479 | 854 | 1,144 | 1,356 | 1,577 | |
Operating Profit | -25 | -5 | -33 | -7 | 8 | 79 | 104 | 15 | 90 | 295 | 404 | 252 |
OPM % | -356% | -30% | -24% | -3% | 2% | 12% | 12% | 3% | 10% | 21% | 23% | 14% |
1 | 0 | 4 | 7 | 11 | 11 | 1 | 21 | 21 | -97 | -148 | 18 | |
Interest | 0 | 0 | 0 | 27 | 37 | 46 | 65 | 82 | 68 | 90 | 114 | 120 |
Depreciation | 1 | 1 | 9 | 45 | 64 | 82 | 116 | 128 | 136 | 180 | 211 | 224 |
Profit before tax | -25 | -6 | -38 | -72 | -82 | -38 | -77 | -174 | -93 | -72 | -69 | -74 |
Tax % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | |
-25 | -6 | -38 | -72 | -82 | -38 | -77 | -174 | -93 | -72 | -69 | -74 | |
EPS in Rs | -6.41 | -1.42 | -3.23 | -2.71 | -3.10 | -1.44 | -2.76 | -4.54 | -1.89 | -1.45 | -1.39 | -1.49 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 23% |
3 Years: | 53% |
TTM: | 20% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 34% |
3 Years: | 37% |
TTM: | -4% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | -12% |
1 Year: | -9% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | -3% |
3 Years: | 1% |
Last Year: | 5% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Dec 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 39 | 39 | 119 | 265 | 265 | 265 | 278 | 383 | 493 | 495 | 496 |
Reserves | -6 | 41 | 55 | 103 | 22 | -15 | -2 | 290 | 1,458 | 1,400 | 1,353 |
0 | 0 | 0 | 291 | 370 | 574 | 796 | 597 | 712 | 945 | 1,164 | |
21 | 13 | 32 | 40 | 73 | 97 | 126 | 157 | 224 | 250 | 370 | |
Total Liabilities | 54 | 93 | 205 | 698 | 730 | 920 | 1,198 | 1,428 | 2,886 | 3,090 | 3,383 |
24 | 30 | 119 | 475 | 592 | 793 | 1,037 | 986 | 1,157 | 1,541 | 1,857 | |
CWIP | 0 | 4 | 10 | 10 | 10 | 20 | 48 | 30 | 11 | 30 | 42 |
Investments | 12 | 41 | 45 | 177 | 87 | 38 | 19 | 124 | 1,511 | 1,380 | 1,316 |
18 | 17 | 31 | 36 | 41 | 69 | 95 | 288 | 207 | 139 | 168 | |
Total Assets | 54 | 93 | 205 | 698 | 730 | 920 | 1,198 | 1,428 | 2,886 | 3,090 | 3,383 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Dec 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|
-6 | -16 | 113 | 29 | 98 | 162 | 318 | |||||
-32 | -13 | -230 | -304 | -1,388 | -42 | -160 | |||||
58 | 52 | 106 | 296 | 1,280 | -121 | -153 | |||||
Net Cash Flow | 20 | 24 | -12 | 21 | -10 | -0 | 6 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Dec 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 5 | 3 | 2 | 2 | 2 | 3 | 1 | 4 | 4 | 3 | 4 |
Inventory Days | 86 | 40 | 16 | 16 | 13 | 11 | 11 | 21 | 15 | 14 | 13 |
Days Payable | 1,026 | 205 | 62 | 77 | 110 | 97 | 99 | 237 | 149 | 105 | 98 |
Cash Conversion Cycle | -934 | -162 | -44 | -59 | -94 | -82 | -86 | -212 | -130 | -88 | -81 |
Working Capital Days | -868 | -124 | -58 | -40 | -52 | -37 | -32 | -71 | -61 | -42 | -46 |
ROCE % | -32% | -11% | -8% | 1% | -1% | -7% | -1% | 5% | 7% |
Documents
Announcements
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Loan Agreement Executed By Restaurant Brands Asia Limited, With PT Sari Burger Indonesia, Subsidiary Of The Company, For Grant Of Unsecured Loan
6h - Loan agreement of IDR 45 billion with subsidiary.
- Closure of Trading Window 8h
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Announcement Under Regulation 30 Of SEBI (LODR)Regulations, 2015.
13h - Received fine from Meghalaya State Pollution Control Board.
- Shareholder Meeting / Postal Ballot-Scrutinizer''s Report 20 Sep
- Shareholder Meeting / Postal Ballot-Outcome of AGM 20 Sep
Annual reports
Concalls
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Aug 2024Transcript PPT
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May 2024Transcript PPT
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Feb 2024Transcript PPT REC
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Nov 2023Transcript PPT
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Aug 2023Transcript PPT
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May 2023Transcript PPT
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Feb 2023Transcript PPT
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Nov 2022Transcript PPT
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Aug 2022Transcript PPT
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Jun 2022Transcript PPT
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Feb 2022Transcript PPT
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Nov 2021Transcript PPT
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Aug 2021TranscriptPPT
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Jun 2021Transcript PPT
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Mar 2021TranscriptPPT
Name Change
The company changed its name from “Burger King India Limited” to “Restaurant Brands Asia Limited” with effect from February 2, 2022. [1]