DEVYANI

Devyani International Limited

Franchisee operator of KFC, Pizza Hut, Costa Coffee, Vaango and Biryani By Kilo outlets

Consumer Discretionary›Consumer Services›Leisure Services›Restaurants

dil-rjcorp.com(opens the company website in a new tab)
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Key metrics

Price as of 2026-10-19

Stock price
₹118.32
Market cap
14,588 Cr
Stock P/E
Loss (TTM EPS ₹-0.22)
P/B
9.46
ROE (FY26)
-2.0%
ROCE (FY26)
6.7%
Operating margin (FY26)
3.5%
Debt / equity (FY26)
0.88
OCF / EBITDA (FY26)
108.2%
OCF / EBITDA (3Y)
104.5%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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Compare with peers

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What you need to know

Devyani International (DIL) runs quick-service restaurants, operating KFC, Pizza Hut and Costa Coffee stores as a franchisee alongside its own brands, Vaango and Biryani By Kilo (BBK).

Company snapshot

3rdBy market cap

Ranked among 9 companies in Restaurants.

What we see

Positives
  • ✓105% of operating profit came in as cash over the last three years — profits are backed by real cash.
Concerns
  • ✗Net margin is negative — the company is spending more than it earns right now.
2 more signals from the filings.Sign in free to see them all

Statement tables · Consolidated

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales819 Cr843 Cr1,047 Cr1,222 Cr1,222 Cr1,294 Cr1,213 Cr1,357 Cr1,377 Cr1,441 Cr1,437 Cr1,581 Cr
Operating expenses (approx.)665 Cr697 Cr875 Cr1,006 Cr1,026 Cr1,081 Cr1,027 Cr1,151 Cr1,184 Cr1,210 Cr1,217 Cr1,326 Cr
EBITDA154 Cr146 Cr172 Cr216 Cr196 Cr213 Cr186 Cr206 Cr192 Cr231 Cr220 Cr254 Cr
OPM %18.8%17.4%16.5%17.7%16.0%16.5%15.3%15.2%14.0%16.0%15.3%16.1%
Other income7 Cr5 Cr15 Cr10 Cr5 Cr9 Cr13 Cr14 Cr5 Cr12 Cr14 Cr19 Cr
Interest42 Cr48 Cr57 Cr63 Cr65 Cr67 Cr70 Cr67 Cr69 Cr70 Cr70 Cr70 Cr
Depreciation86 Cr93 Cr126 Cr132 Cr139 Cr147 Cr152 Cr150 Cr155 Cr167 Cr182 Cr180 Cr
Profit before tax19 Cr10 Cr-38 Cr31 Cr-4 Cr9 Cr-22 Cr3 Cr-29 Cr-16 Cr-15 Cr23 Cr
Tax %-88.4%47.6%-28.9%26.5%-25.9%189.7%25.0%18.8%17.8%30.9%32.5%25.4%
Net profit36 Cr5 Cr-49 Cr22 Cr-5 Cr-8 Cr-17 Cr2 Cr-24 Cr-11 Cr-10 Cr17 Cr
EPS (₹)₹0.28₹0.08₹-0.06₹0.25₹0.00₹0.00₹-0.12₹0.03₹-0.18₹-0.08₹-0.08₹0.12

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales1,311 Cr1,516 Cr1,135 Cr2,084 Cr2,998 Cr3,556 Cr4,951 Cr5,611 CrSign in free for the trailing twelve months
Operating expenses (approx.)1,056 Cr1,265 Cr956 Cr1,612 Cr2,343 Cr2,910 Cr4,140 Cr4,762 CrSign in free for the trailing twelve months
EBITDA254 Cr252 Cr179 Cr472 Cr655 Cr646 Cr811 Cr850 CrSign in free for the trailing twelve months
OPM %19.4%16.6%15.8%22.7%21.9%18.2%16.4%15.1%Sign in free for the trailing twelve months
Other income13 Cr19 Cr64 Cr16 Cr33 Cr33 Cr37 Cr45 CrSign in free for the trailing twelve months
Interest136 Cr158 Cr153 Cr127 Cr147 Cr187 Cr265 Cr276 CrSign in free for the trailing twelve months
Depreciation203 Cr223 Cr229 Cr221 Cr278 Cr385 Cr570 Cr654 CrSign in free for the trailing twelve months
Profit before tax-58 Cr-77 Cr-82 Cr123 Cr242 Cr4 Cr13 Cr-57 CrSign in free for the trailing twelve months
Tax %-2.2%-2.4%1.3%-26.0%-8.5%362.6%154.0%25.2%Sign in free for the trailing twelve months
Net profit-94 Cr-121 Cr-63 Cr155 Cr263 Cr-10 Cr-7 Cr-43 CrSign in free for the trailing twelve months
EPS (₹)———₹1.32₹2.20₹0.39₹0.08₹-0.31Sign in free for the trailing twelve months
Dividend payout %———0.0%0.0%———Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital106 Cr106 Cr115 Cr120 Cr120 Cr121 Cr121 Cr123 Cr
Reserves-176 Cr-295 Cr-2 Cr566 Cr850 Cr935 Cr974 Cr1,419 Cr
Borrowings400 Cr431 Cr380 Cr132 Cr77 Cr910 Cr932 Cr1,360 Cr
Other liabilities1,529 Cr1,681 Cr1,216 Cr1,448 Cr1,947 Cr2,674 Cr3,005 Cr3,504 Cr
Total liabilities1,807 Cr1,884 Cr1,668 Cr2,263 Cr2,989 Cr4,932 Cr5,339 Cr6,750 Cr
Fixed assets (net)484 Cr479 Cr431 Cr611 Cr947 Cr1,500 Cr1,633 Cr1,758 Cr
CWIP12 Cr14 Cr14 Cr7 Cr15 Cr11 Cr3 Cr8 Cr
Investments———35 Cr35 Cr27 Cr27 Cr20 Cr
Inventories55 Cr72 Cr62 Cr85 Cr129 Cr131 Cr148 Cr165 Cr
Trade receivables23 Cr17 Cr17 Cr21 Cr29 Cr53 Cr41 Cr64 Cr
Cash & bank27 Cr13 Cr40 Cr57 Cr63 Cr168 Cr181 Cr491 Cr
Other assets1,207 Cr1,289 Cr1,104 Cr1,445 Cr1,770 Cr3,044 Cr3,304 Cr4,244 Cr
Total assets1,807 Cr1,884 Cr1,668 Cr2,263 Cr2,989 Cr4,932 Cr5,339 Cr6,750 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity278 Cr301 Cr240 Cr451 Cr637 Cr592 Cr900 Cr919 Cr
Cash from investing-168 Cr-97 Cr-359 Cr-375 Cr-350 Cr-1,551 Cr-462 Cr-440 Cr
Cash from financing-131 Cr-223 Cr142 Cr-58 Cr-283 Cr1,063 Cr-425 Cr-190 Cr
Net cash flow-18 Cr-13 Cr27 Cr17 Cr5 Cr105 Cr14 Cr310 Cr
Free cash flow (OCF − Capex)137 Cr202 Cr107 Cr144 Cr200 Cr114 Cr409 Cr460 Cr

Ratios

MetricMar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %——15.6%30.7%37.4%8.4%11.9%6.7%
ROE %——-76.8%22.9%27.5%3.5%0.7%-2.0%
Debtor days64544534
Inventory days5359675353463534
Days payable13213317412199130105127
Cash conversion cycle-73-70-102-65-43-80-66-89
OCF / EBITDA %109.3%119.5%133.9%95.4%97.2%91.6%111.0%108.2%
OCF / EBITDA % (3 years)——119.5%109.7%101.6%94.7%100.8%104.5%
Debt / equity——5.290.190.080.860.850.88
Current ratio0.310.250.390.800.580.530.430.51
Net debt / EBITDA1.471.661.900.160.021.150.931.02