Westlife Foodworld Ltd

Westlife Food Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Westlife Foodworld Ltd

₹ 703 -2.68%
21 Nov - close price
westlife.co.in BSE: 505533 NSE: WESTLIFE
About

Westlife Development Limited (WDL) focuses on establishing and operating McDonald’s restaurants across West and South India, through its wholly owned subsidiary Hardcastle Restaurants Pvt Ltd (HRPL). [1]

Today, It manages 319 McDonalds restaurants and 223 McCafé outlets in West and South India in easily accessible and popular locations like malls, high-streets, shopping complexes and residential areas’ after outlet presence. It employees close to 10,000 employees. [2]

Key Points

History of Hardcastle Restaurants
Hardcastle Restaurants Pvt Ltd was established as a joint venture with McDonald’s Corporation, USA in 1995. Mcdonald's Corporation exited the Joint Venture in 2011 after selling its 50% stake to HRPL. It is now the master franchisee of McDonald’s under an agreement of 2010. The agreement grants HRPL authority to provide initial capital for the business, with operational and technical business support from McDonald’s Corporation. [1]

Website BSE NSE
  • Market Cap ₹ 10,956 Cr.
  • Current Price ₹ 703
  • High / Low ₹ 960 / 674
  • Stock P/E 507
  • Book Value ₹ 38.1
  • Dividend Yield 0.49 %
  • ROCE 11.5 %
  • ROE 12.8 %
  • Face Value ₹ 2.00
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Pros

  • Company has delivered good profit growth of 33.1% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 42.0%

Cons

  • Stock is trading at 18.4 times its book value
  • Company has low interest coverage ratio.
  • Company has a low return on equity of 11.2% over last 3 years.

* 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 250 SmallCap Index Nifty Smallcap 250 BSE Allcap BSE Consumer Discretionary BSE SmallCap

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
385.43 476.83 455.07 537.92 572.43 611.45 556.37 614.54 614.73 600.25 562.28 616.33 618.01
340.99 397.48 392.15 450.66 476.50 509.26 467.70 510.38 516.51 508.23 487.35 537.71 541.99
Operating Profit 44.44 79.35 62.92 87.26 95.93 102.19 88.67 104.16 98.22 92.02 74.93 78.62 76.02
OPM % 11.53% 16.64% 13.83% 16.22% 16.76% 16.71% 15.94% 16.95% 15.98% 15.33% 13.33% 12.76% 12.30%
3.95 4.27 13.11 1.81 5.19 7.75 5.59 5.28 3.30 4.70 5.18 5.11 6.47
Interest 20.44 21.01 20.86 21.52 22.54 23.37 25.33 26.01 27.38 28.12 28.21 29.83 31.57
Depreciation 33.82 34.75 34.63 35.79 36.63 38.56 41.20 42.85 43.94 45.50 49.94 49.38 50.21
Profit before tax -5.87 27.86 20.54 31.76 41.95 48.01 27.73 40.58 30.20 23.10 1.96 4.52 0.71
Tax % -24.70% 25.27% 25.46% 25.76% 24.82% 24.24% 27.55% 28.98% 25.96% 25.32% 60.71% 27.88% 49.30%
-4.42 20.82 15.32 23.58 31.54 36.37 20.09 28.83 22.37 17.24 0.76 3.25 0.36
EPS in Rs -0.28 1.34 0.98 1.51 2.02 2.33 1.29 1.85 1.43 1.11 0.05 0.21 0.02
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
688 740 764 833 931 1,135 1,402 1,548 986 1,576 2,278 2,392 2,397
625 693 745 786 881 1,050 1,277 1,329 925 1,379 1,896 2,015 2,075
Operating Profit 63 48 19 48 50 84 125 219 61 197 382 377 322
OPM % 9% 6% 2% 6% 5% 7% 9% 14% 6% 13% 17% 16% 13%
3 1 12 28 17 11 8 -8 34 20 12 11 21
Interest 1 5 10 15 15 15 18 81 85 83 93 110 118
Depreciation 31 44 50 58 64 67 80 138 140 136 152 182 195
Profit before tax 33 1 -29 3 -12 13 35 -9 -129 -2 149 96 30
Tax % 0% -45% 0% 8% 0% 0% 39% -16% -23% -19% 25% 28%
33 1 -29 3 -12 13 21 -7 -99 -2 112 69 22
EPS in Rs 2.33 0.06 -1.87 0.18 -0.78 0.83 1.37 -0.47 -6.38 -0.11 7.16 4.44 1.39
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 48% 78%
Compounded Sales Growth
10 Years: 12%
5 Years: 11%
3 Years: 34%
TTM: 0%
Compounded Profit Growth
10 Years: 32%
5 Years: 33%
3 Years: 41%
TTM: -80%
Stock Price CAGR
10 Years: 8%
5 Years: 16%
3 Years: 7%
1 Year: -19%
Return on Equity
10 Years: 1%
5 Years: 4%
3 Years: 11%
Last Year: 13%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 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 18 31 31 31 31 31 31 31 31 31 31 31 31
Reserves 244 530 502 507 496 511 553 546 450 431 535 557 563
11 64 134 150 190 184 234 966 968 1,055 1,203 1,363 1,473
258 112 105 150 162 203 206 220 274 281 330 335 367
Total Liabilities 531 737 773 838 880 929 1,024 1,763 1,724 1,798 2,099 2,286 2,434
349 424 464 502 531 554 595 1,409 1,284 1,362 1,623 1,817 1,904
CWIP 40 18 21 18 17 20 28 23 26 36 57 45 48
Investments 1 159 148 156 170 184 204 157 198 150 130 138 149
142 137 140 161 162 171 196 175 215 249 289 286 334
Total Assets 531 737 773 838 880 929 1,024 1,763 1,724 1,798 2,099 2,286 2,434

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
70 38 19 80 66 137 112 200 129 171 349 340
-120 -272 -84 -80 -91 -111 -145 -68 -74 -56 -265 -185
55 222 61 -0 26 -22 32 -139 -45 -102 -98 -149
Net Cash Flow 5 -13 -5 -1 0 4 -1 -7 10 12 -15 6

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 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 2 3 1 3 3 2 3
Inventory Days 21 23 28 30 30 29 29 28 49 40 38 32
Days Payable 68 68 65 74 74 93 84 87 194 123 100 104
Cash Conversion Cycle -42 -42 -36 -42 -42 -62 -52 -58 -142 -80 -60 -69
Working Capital Days -30 -32 -56 -45 -43 -47 -22 -23 -60 -33 -23 -23
ROCE % 10% 2% -5% -1% -2% 3% 6% 8% -2% 5% 15% 11%

Shareholding Pattern

Numbers in percentages

2 Recently
Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
57.13% 56.98% 56.98% 56.32% 56.23% 56.23% 56.23% 56.22% 56.23% 56.28% 56.25% 56.25%
10.74% 9.94% 9.47% 9.80% 10.12% 9.61% 9.70% 10.44% 10.48% 11.60% 13.83% 13.71%
22.69% 22.83% 23.34% 24.14% 23.68% 24.15% 24.14% 23.66% 23.99% 23.01% 20.99% 21.31%
9.44% 10.00% 9.95% 9.50% 9.72% 9.72% 9.64% 9.37% 9.00% 8.79% 8.58% 8.38%
0.00% 0.24% 0.25% 0.25% 0.26% 0.31% 0.31% 0.31% 0.32% 0.34% 0.33% 0.33%
No. of Shareholders 26,34433,30332,56331,73638,11634,12435,38236,38137,40735,50833,01931,872

* 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.

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