Restaurant Brands Asia Ltd

Restaurant Brands Asia Ltd

₹ 62.3 -1.03%
12 Mar 10:02 a.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 3,106 Cr.
  • Current Price 62.3
  • High / Low 119 / 61.5
  • Stock P/E
  • Book Value 10.7
  • Dividend Yield 0.00 %
  • ROCE -4.68 %
  • ROE -30.0 %
  • Face Value 10.0

Pros

Cons

  • Stock is trading at 5.89 times its book value
  • Company has low interest coverage ratio.
  • Promoter holding is low: 13.2%
  • Company has a low return on equity of -27.6% 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

Consolidated Figures in Rs. Crores / View Standalone

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
435 400 489 525 526 514 611 625 604 597 647 632 639
384 380 460 500 497 487 562 569 536 528 584 569 570
Operating Profit 52 20 29 25 30 27 48 56 68 69 63 63 70
OPM % 12% 5% 6% 5% 6% 5% 8% 9% 11% 12% 10% 10% 11%
3 -16 13 11 8 4 7 3 4 5 14 0 9
Interest 22 27 23 24 26 32 31 32 32 47 37 38 40
Depreciation 59 59 70 67 68 80 79 79 80 119 92 91 93
Profit before tax -26 -82 -51 -55 -56 -80 -54 -51 -40 -92 -52 -65 -55
Tax % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
-26 -82 -51 -55 -56 -80 -54 -51 -40 -92 -52 -65 -55
EPS in Rs -0.59 -1.36 -0.96 -1.01 -1.02 -1.48 -1.02 -0.93 -0.73 -1.72 -0.99 -1.21 -1.01
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
1,004 1,490 2,054 2,437 2,515
979 1,394 1,943 2,195 2,250
Operating Profit 25 97 112 242 265
OPM % 2% 6% 5% 10% 11%
26 -3 36 18 27
Interest 104 95 105 141 162
Depreciation 229 234 284 356 394
Profit before tax -282 -235 -242 -237 -264
Tax % 0% 0% 0% 0%
-282 -235 -242 -237 -264
EPS in Rs -6.42 -3.98 -4.47 -4.39 -4.93
Dividend Payout % 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: 34%
TTM: 7%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 3%
TTM: -19%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: -16%
1 Year: -38%
Return on Equity
10 Years: %
5 Years: %
3 Years: -28%
Last Year: -30%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 383 493 495 496 498
Reserves -298 548 331 130 34
901 887 1,168 1,430 1,547
977 451 500 652 638
Total Liabilities 1,963 2,378 2,493 2,709 2,717
1,391 1,514 1,953 2,320 2,322
CWIP 47 18 35 49 47
Investments 124 402 147 83 62
401 444 358 256 285
Total Assets 1,963 2,378 2,493 2,709 2,717

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Mar 2022 Mar 2023 Mar 2024
48 78 124 346
-322 -1,091 16 -219
357 1,112 -170 -251
Net Cash Flow 82 99 -30 -124

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 3 3 3 4
Inventory Days 18 15 16 14
Days Payable 226 152 133 119
Cash Conversion Cycle -205 -134 -114 -101
Working Capital Days -304 -78 -60 -65
ROCE % -8% -7% -5%

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.

Documents

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