Restaurant Brands Asia Ltd

Restaurant Brands Asia Ltd

₹ 61.6 -2.03%
12 Mar 4:01 p.m.
About

Burger King India Ltd is an international QSR chain in India. It started operations in 2014 and has established ~456 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]

Key Points

Business Overview
The company is the national master franchisee for the brand, BURGER KING. It holds exclusive rights to develop, open, operate, and franchise BURGER KING restaurants in India. In Indonesia, it operates as the master franchisee for brands like BURGER KING and POPEYES through its subsidiaries. [1]

  • Market Cap 3,073 Cr.
  • Current Price 61.6
  • High / Low 119 / 60.0
  • Stock P/E
  • Book Value 36.6
  • Dividend Yield 0.00 %
  • ROCE 7.24 %
  • ROE 5.22 %
  • Face Value 10.0

Pros

Cons

  • Company has low interest coverage ratio.
  • Promoter holding is low: 13.2%
  • Company has a low return on equity of 1.23% over last 3 years.
  • Promoter holding has decreased over last 3 years: -39.4%

* 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

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
280 269 337 368 370 365 422 453 445 439 490 492 495
247 238 304 326 322 323 374 390 375 384 428 422 418
Operating Profit 33 30 33 42 48 42 48 63 71 55 63 70 78
OPM % 12% 11% 10% 11% 13% 12% 11% 14% 16% 13% 13% 14% 16%
3 9 10 8 6 9 7 4 3 5 6 7 3
Interest 17 18 20 21 22 27 26 27 28 32 32 33 36
Depreciation 34 35 46 43 43 48 51 49 52 59 63 61 63
Profit before tax -15 -13 -23 -13 -11 -25 -22 -9 -6 -31 -27 -17 -19
Tax % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
-15 -13 -23 -13 -11 -25 -22 -9 -6 -31 -27 -17 -19
EPS in Rs -0.39 -0.27 -0.46 -0.27 -0.23 -0.50 -0.45 -0.19 -0.13 -0.63 -0.54 -0.33 -0.37
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Dec 2014 13m Mar 2015 3m 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 1,917
32 21 172 237 370 554 737 479 854 1,144 1,356 1,652
Operating Profit -25 -5 -33 -7 8 79 104 15 90 295 404 265
OPM % -356% -30% -24% -3% 2% 12% 12% 3% 10% 21% 23% 14%
1 0 4 7 11 11 1 21 21 -97 -148 21
Interest 0 0 0 27 37 46 65 82 68 90 114 133
Depreciation 1 1 9 45 64 82 116 128 136 180 211 246
Profit before tax -25 -6 -38 -72 -82 -38 -77 -174 -93 -72 -69 -93
Tax % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
-25 -6 -38 -72 -82 -38 -77 -174 -93 -72 -69 -93
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 -1.87
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: 14%
Compounded Profit Growth
10 Years: %
5 Years: 34%
3 Years: 37%
TTM: -49%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: -17%
1 Year: -39%
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 Sep 2024
Equity Capital 39 39 119 265 265 265 278 383 493 495 496 498
Reserves -6 41 55 103 22 -15 -2 290 1,458 1,400 1,353 1,326
0 0 0 291 370 574 796 597 712 945 1,164 1,285
21 13 32 40 73 97 126 157 224 250 370 352
Total Liabilities 54 93 205 698 730 920 1,198 1,428 2,886 3,090 3,383 3,461
24 30 119 475 592 793 1,037 986 1,157 1,541 1,857 1,867
CWIP 0 4 10 10 10 20 48 30 11 30 42 39
Investments 12 41 45 177 87 38 19 124 1,511 1,380 1,316 1,318
18 17 31 36 41 69 95 288 207 139 168 237
Total Assets 54 93 205 698 730 920 1,198 1,428 2,886 3,090 3,383 3,461

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%

Shareholding Pattern

Numbers in percentages

Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024
40.96% 40.91% 40.90% 40.82% 40.81% 40.80% 15.43% 15.39% 15.39% 15.33% 13.17% 13.16%
28.76% 27.06% 28.16% 27.82% 27.51% 27.37% 29.92% 26.90% 24.86% 18.78% 17.53% 15.34%
7.69% 8.92% 9.04% 9.81% 9.92% 9.68% 22.21% 23.67% 23.15% 28.37% 37.75% 38.84%
22.60% 23.11% 21.90% 21.56% 21.76% 22.13% 32.43% 34.04% 36.61% 37.51% 31.55% 32.66%
No. of Shareholders 2,89,5682,81,1922,60,2312,50,3482,44,8552,39,8572,43,3182,39,5422,36,3462,28,7552,24,8622,30,770

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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