RBA

Restaurant Brands Asia Limited

Burger King and Popeyes quick-service restaurant operator

Consumer Discretionary›Consumer Services›Leisure Services›Restaurants

Ask AI

Key metrics

Price as of 2026-10-16

Stock price
₹92.32
Market cap
6,571 Cr
Stock P/E
Loss (TTM EPS ₹-2.48)
P/B
7.81
ROE (FY26)
-27.2%
ROCE (FY26)
-1.5%
Operating margin (FY26)
-2.2%
Debt / equity (FY26)
0.39
OCF / EBITDA (FY26)
92.2%
OCF / EBITDA (3Y)
119.1%

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.

Loading price history…

Compare with peers

Loading peers…

What you need to know

RBA (Restaurant Brands Asia) operates Burger King quick-service restaurants in India and Burger King and Popeyes restaurants in Indonesia, selling burgers and other menu items to diners through dine-in and delivery.

Company snapshot

5thBy market cap

Ranked among 9 companies in Restaurants.

Segment mix

Reportable segments as of 2024-12-31 (Consolidated). Revenue share = segment revenue ÷ total revenue.

Largest segment: 77.5% of revenue

SegmentRevenue shareRevenuePBTAssets
India
77.5%
495 Cr78 Cr2,477 Cr
Indonesia
22.5%
144 Cr-8 Cr503 Cr

What we see

Positives
  • ✓119% 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
Sales625 Cr604 Cr597 Cr647 Cr632 Cr639 Cr633 Cr698 Cr703 Cr715 Cr707 Cr823 Cr
Operating expenses (approx.)569 Cr536 Cr528 Cr584 Cr569 Cr569 Cr559 Cr625 Cr632 Cr625 Cr612 Cr722 Cr
EBITDA56 Cr68 Cr69 Cr63 Cr63 Cr70 Cr73 Cr73 Cr71 Cr90 Cr95 Cr100 Cr
OPM %9.0%11.3%11.6%9.8%10.0%10.9%11.6%10.4%10.1%12.5%13.4%12.2%
Other income3 Cr4 Cr5 Cr14 Cr0.09 Cr9 Cr8 Cr22 Cr8 Cr10 Cr8 Cr20 Cr
Interest32 Cr32 Cr47 Cr37 Cr38 Cr40 Cr46 Cr47 Cr46 Cr47 Cr50 Cr49 Cr
Depreciation79 Cr80 Cr119 Cr92 Cr91 Cr93 Cr96 Cr93 Cr97 Cr98 Cr101 Cr104 Cr
Profit before tax-51 Cr-40 Cr-92 Cr-52 Cr-65 Cr-55 Cr-60 Cr-45 Cr-63 Cr-48 Cr-47 Cr-33 Cr
Tax %0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%
Net profit-51 Cr-40 Cr-92 Cr-52 Cr-65 Cr-55 Cr-60 Cr-45 Cr-63 Cr-48 Cr-47 Cr-33 Cr
EPS (₹)₹-0.93₹-0.73₹-1.72₹-0.99₹-1.21₹-1.01₹-1.13₹-0.72₹-1.01₹-0.75₹-0.73₹-0.45

Profit & loss (annual)

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

MetricMar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales1,490 Cr2,054 Cr2,437 Cr2,551 Cr2,823 CrSign in free for the trailing twelve months
Operating expenses (approx.)1,394 Cr1,943 Cr2,195 Cr2,282 Cr2,494 CrSign in free for the trailing twelve months
EBITDA97 Cr111 Cr242 Cr268 Cr328 CrSign in free for the trailing twelve months
OPM %6.5%5.4%9.9%10.5%11.6%Sign in free for the trailing twelve months
Other income22 Cr36 Cr18 Cr31 Cr49 CrSign in free for the trailing twelve months
Interest95 Cr105 Cr141 Cr161 Cr189 CrSign in free for the trailing twelve months
Depreciation234 Cr284 Cr356 Cr371 Cr389 CrSign in free for the trailing twelve months
Profit before tax-235 Cr-242 Cr-237 Cr-233 Cr-204 CrSign in free for the trailing twelve months
Tax %0.0%0.0%0.0%0.0%0.0%Sign in free for the trailing twelve months
Net profit-235 Cr-242 Cr-237 Cr-233 Cr-204 CrSign in free for the trailing twelve months
EPS (₹)₹-4.94₹-4.48₹-4.40₹-4.33₹-3.19Sign in free for the trailing twelve months
Dividend payout %—————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 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital493 Cr495 Cr496 Cr582 Cr583 Cr
Reserves548 Cr331 Cr130 Cr327 Cr138 Cr
Borrowings142 Cr165 Cr170 Cr296 Cr270 Cr
Other liabilities1,172 Cr1,482 Cr1,910 Cr2,273 Cr2,424 Cr
Total liabilities2,382 Cr2,493 Cr2,709 Cr3,463 Cr3,382 Cr
Fixed assets (net)1,466 Cr1,883 Cr2,228 Cr2,479 Cr2,705 Cr
CWIP18 Cr32 Cr31 Cr34 Cr41 Cr
Investments402 Cr147 Cr83 Cr24 Cr138 Cr
Loans & advances0.57 Cr0.43 Cr0.04 Cr0.08 Cr0.09 Cr
Inventories23 Cr32 Cr35 Cr44 Cr39 Cr
Trade receivables13 Cr17 Cr25 Cr34 Cr46 Cr
Cash & bank185 Cr155 Cr31 Cr534 Cr31 Cr
Other assets274 Cr227 Cr276 Cr315 Cr382 Cr
Total assets2,382 Cr2,493 Cr2,709 Cr3,463 Cr3,382 Cr

Cash flows

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

MetricMar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity69 Cr124 Cr346 Cr350 Cr303 Cr
Cash from investing-1,078 Cr13 Cr-212 Cr-212 Cr-494 Cr
Cash from financing1,112 Cr-170 Cr-251 Cr385 Cr-321 Cr
Net cash flow99 Cr-30 Cr-124 Cr503 Cr-504 Cr
Free cash flow (OCF − Capex)-69 Cr-207 Cr64 Cr73 Cr-70 Cr

Ratios

MetricMar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %-11.6%-13.5%-12.0%-6.0%-1.5%
ROE %-18.3%-26.1%-34.7%-24.2%-27.2%
Debtor days33456
Inventory days1516151815
Days payable171132119155132
Cash conversion cycle-153-114-101-132-111
OCF / EBITDA %71.6%111.5%142.9%130.6%92.2%
OCF / EBITDA % (3 years)——119.9%132.0%119.1%
Debt / equity0.140.200.270.330.39
Current ratio1.490.660.340.880.50
Net debt / EBITDA-0.450.090.57-0.890.73