Restaurant Brands Asia Ltd
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]
- 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.
Peer comparison
Sector: Quick Service Restaurant Industry: Hotels
Part of BSE Consumer Discretionary Nifty Total Market BSE SmallCap BSE Allcap Nifty Microcap 250
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
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% |
Documents
Announcements
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Announcement Under Regulation 30 Of The SEBI (LODR) Regulations. 2015
25 Feb - Company received GST tax order totaling Rs. 6.39 Cr.
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Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS
19 Feb - Allotment of 51,107 Equity shares of Restaurant Brands Asia Limited under the BK Employee Stock Option Scheme, 2015
- Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 9 Feb
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
3 Feb - Participation in Nuvama India Conference on February 10, 2025.
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
31 Jan - Transcript of Q3 FY25 earnings call and results.
Annual reports
Concalls
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Jan 2025Transcript PPT
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Nov 2024Transcript PPT REC
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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
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]