Devyani International Limited share price
Devyani International Limited develops, manages, and operates quick service restaurants and food courts in India, Nepal, Nigeria, Thailand, and internationally. It operates outlets under the KFC, Pizza Hut, Costa Coffee, Vaango and other brands. The company serves retail consumers for quick service food and beverages through dine in, takeaway, and delivery channels. The company was incorporated in 1991 and is based in Gurugram, India. Devyani International Limited operates as a subsidiary of RJ Corp Limited.Read more
- Market Cap₹ 15,033 Cr.
- Current Price₹ 121.93
- High / Low₹ 170 / 92
- Stock P/E—
- Book Value₹ 13
- Dividend Yield0.00 %
- ROCE4.3 %
- ROE-2.90 %
- Face Value₹ 1.0
More figures (10)
- EPS (TTM)₹ -0.08
- Price / Book9.75
- OPM3.4 %
- Debt / Equity2.45
- Sales growth (3Y)23.2 %
- Profit growth (3Y)—
- Promoter holding65.4 %
- EV / EBITDA30.7
- Beta0.33
- All-time high₹ 228
Price chart
| Returns | 1M | 3M | 6M | YTD | 1Y | 3Y CAGR | 5Y CAGR |
|---|---|---|---|---|---|---|---|
| DEVYANI | -10.80% | +10.40% | +12.19% | -17.59% | -27.31% | -16.73% | +1.60% |
| Nifty 50 | -0.31% | -3.85% | -4.34% | -11.42% | -9.53% | +5.46% | +4.76% |
Price returns only (dividends not included). Prices from NSE via Yahoo Finance; may be delayed.
Quick take
- Devyani International Limited is in the Restaurants industry (Consumer Cyclical), with a market value of ₹15,033 crore.
- Revenue grew 23.2% a year over the last 3 years.
- Return on equity was -2.9% and return on capital employed 4.3% in the latest year.
- Debt was 2.45 times shareholders' equity.
- The share price is 28.2% below its 52-week high and down 27.3% over one year.
- Promoters and insiders hold about 65.4%; institutions about 18.4%.
Pros
AI- Sales have grown 23.2% a year over the last 3 years.
- Latest quarter (Jun 2026): sales up 16% and profit up 668% from a year ago.
- Institutional (FII + DII) holding has risen by 4.0 points over 3 years.
- Promoters hold a large stake of 61.36%.
Cons
AI- Return on equity has been low: 0.9% on average over the last 3 years.
- Borrowings are high at 2.45 times shareholders' equity.
- Interest cover is thin: operating earnings are 0.9 times the interest cost.
- Trades at 9.8 times its book value.
- The company has not paid a dividend recently.
Pros and cons are generated automatically from the reported figures. They are observations, not a recommendation to buy or sell.
AI analysis
Plenitude AI reads the figures on this page and explains them in plain language. It does not say whether to buy or sell.
About Devyani International Limited
Devyani International Limited develops, manages, and operates quick service restaurants and food courts in India, Nepal, Nigeria, Thailand, and internationally. It operates outlets under the KFC, Pizza Hut, Costa Coffee, Vaango and other brands. The company serves retail consumers for quick service food and beverages through dine in, takeaway, and delivery channels. The company was incorporated in 1991 and is based in Gurugram, India. Devyani International Limited operates as a subsidiary of RJ Corp Limited.
- Employees
- 15,955
- Head office
- Gurugram
- NSE industry
- Consumer Services
Peer comparison
Consumer CyclicalConsumer ServicesRestaurants
Part ofNifty 500Nifty Smallcap 250
| S.No. | Company | CMP ₹ | P/E | Mar Cap ₹ Cr | Div Yld % | NP Qtr ₹ Cr | Qtr Profit Var % | Sales Qtr ₹ Cr | Qtr Sales Var % | ROCE % | ROE % | P/B | OPM % | Debt / Eq | Prom. Hold. % | Sales ₹ Cr | Sales Var 3Yrs % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | Devyani International | 121.93 | — | 15,033 | 0.00 | 17 | 667.68 | 1,581 | 16.47 | 4.3 | -2.9 | 9.75 | 3.4 | 2.45 | 65.42 | 5,611 | 23.2 |
| 2. | Jubilant FoodWorks | 417.95 | 74.9 | 27,488 | 0.28 | 100 | 6.03 | 2,570 | 13.66 | 16.2 | 19.5 | 11.99 | 10.6 | 2.14 | 40.70 | 9,513 | 20.2 |
| 3. | Westlife Foodworld | 579.15 | 283.9 | 8,989 | 0.14 | 1 | -61.46 | 728 | 22.35 | 9.0 | 5.3 | 14.81 | 4.6 | 2.92 | 63.63 | 2,600 | 4.8 |
| 4. | Restaurant Brands Asia | 92.32 | — | 6,575 | 0.00 | -28 | — | 823 | 30.05 | -0.6 | -23.0 | 7.46 | -1.6 | 2.73 | 48.32 | 2,801 | 11.0 |
| 5. | Sapphire Foods India | 197.15 | — | 6,343 | 0.00 | 14 | 683.98 | 891 | 25.25 | 3.1 | -2.3 | 4.56 | 2.7 | 1.02 | 26.10 | 3,116 | 11.3 |
| Median: 5 Co. | 197.15 | 179.4 | 8,989 | 0.00 | 14 | 336.86 | 891 | 22.35 | 4.3 | -2.3 | 9.75 | 3.4 | 2.45 | 48.32 | 3,116 | 11.3 |
Companies in the same industry; the median covers every company in it that we hold figures for. Tap a heading to sort. Sorting and comparing are ways to explore data, not recommendations.
Quarterly Results
Consolidated figures in ₹ croreStandalone figures in ₹ crore /
Source: the company's results filed with NSE, as reported. Tap a row marked + for its breakdown. Latest quarter on the right.
Profit & Loss
Consolidated figures in ₹ croreStandalone figures in ₹ crore /
Projection — your assumptions
Starts from the last four reported quarters (TTM) and applies the figures you enter; growth is pre-filled with the company's own 3-year sales growth. This is a what-if calculator for illustration, not a forecast, estimate or recommendation.
Related party transactions
Related-party transactions are dealings with promoters, directors, subsidiaries and associates. Companies disclose them to the exchanges every half-year and in detail in the notes to their annual report.
- Related Party TransactionsDevyani International Limited has informed the Exchange about related Party Transactions17-May-2023
- Related Party TransactionIn terms of Regulation 23(9) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we enclose disclosure of Related Pa…17-Nov-2022
Full details: notes to the Financial Year 2026 annual report (related party disclosures).
| ₹ Cr | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|
| 2,084 | 2,998 | 3,556 | 4,951 | 5,611 | 5,835 | |
| YOY Sales Growth % | 43.84% | 18.63% | 39.22% | 13.34% | ||
| 1,612 | 2,343 | 2,910 | 4,140 | 4,762 | 4,937 | |
| Material Cost % | 29% | 30% | 30% | 31% | 32% | 31% |
| Employee Cost % | 12% | 12% | 14% | 14% | 15% | 15% |
| Other Expenses % | 37% | 37% | 38% | 38% | 38% | 39% |
| Operating Profit | 472 | 655 | 646 | 811 | 850 | 898 |
| OPM % | 23% | 22% | 18% | 16% | 15% | 15% |
| 16 | 33 | 33 | 37 | 45 | 51 | |
| Exceptional items | -17 | -20 | -104 | -22 | -22 | |
| Interest | 127 | 147 | 187 | 265 | 276 | 279 |
| Depreciation | 221 | 278 | 385 | 570 | 654 | 685 |
| Profit before tax | 123 | 242 | 4 | 13 | -56 | -37 |
| -26% | -9% | 363% | 150% | |||
| Current tax | 7 | 27 | 33 | 23 | 9 | |
| Deferred tax | -39 | -48 | -19 | -3 | -23 | |
| 155 | 263 | -10 | -7 | -43 | -28 | |
| Profit from associates | -0 | -1 | -0 | |||
| Minority share | -1 | -2 | -57 | -16 | -4 | 0 |
| Profit to shareholders | 156 | 265 | 47 | 9 | -39 | -28 |
| YOY Profit Growth % | 69.24% | -103.68% | ||||
| EPS in Rs | 1.32 | 2.20 | 0.39 | 0.08 | -0.31 | -0.22 |
Compounded Sales Growth
- 3 Years:
- 23%
- TTM:
- 15%
Stock Price CAGR
- 5 Years:
- 2%
- 3 Years:
- -17%
- 1 Year:
- -27%
Return on Equity
- 4 Years:
- 8%
- Last Year:
- -3%
| ₹ Cr | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|
| 1,853 | 2,668 | 3,116 | 3,349 | 3,573 | 3,654 | |
| YOY Sales Growth % | 43.98% | 16.78% | 7.48% | 6.67% | ||
| 1,465 | 2,125 | 2,521 | 2,747 | 2,988 | 3,051 | |
| Material Cost % | 29% | 30% | 28% | 29% | 29% | 29% |
| Employee Cost % | 12% | 12% | 14% | 14% | 14% | 14% |
| Other Expenses % | 38% | 38% | 39% | 40% | 41% | 41% |
| Operating Profit | 389 | 544 | 595 | 602 | 585 | 603 |
| OPM % | 21% | 20% | 19% | 18% | 16% | 16% |
| 16 | 32 | 37 | 50 | 58 | 66 | |
| Exceptional items | -1 | -116 | -21 | -21 | ||
| Interest | 106 | 124 | 172 | 221 | 226 | 229 |
| Depreciation | 185 | 238 | 337 | 404 | 445 | 465 |
| Profit before tax | 112 | 214 | 8 | 27 | -50 | -46 |
| -37% | -15% | 184% | 12% | |||
| Current tax | 17 | 30 | 20 | 6 | ||
| Deferred tax | -41 | -49 | -16 | -17 | -22 | |
| 153 | 246 | -6 | 24 | -33 | -31 | |
| YOY Profit Growth % | 60.43% | -102.58% | -239.76% | |||
| EPS in Rs | 1.29 | 2.04 | -0.05 | 0.20 | -0.27 | -0.25 |
Compounded Sales Growth
- 3 Years:
- 10%
- TTM:
- 7%
Stock Price CAGR
- 5 Years:
- 2%
- 3 Years:
- -17%
- 1 Year:
- -27%
Return on Equity
- 4 Years:
- 8%
- Last Year:
- -3%
Financial years ending March; TTM = the last four quarters. Source: the company's results filed with NSE, as reported. Tap a row marked + for its breakdown. Dividend payout = dividends paid in the year ÷ net profit.
Balance Sheet
Consolidated figures in ₹ crore, as at 31 March
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Equity Capital | 120 | 121 | 121 | 123 |
| Reserves | 850 | 935 | 974 | 1,419 |
| 1,565 | 2,906 | 3,188 | 3,783 | |
| Long term borrowings | 77 | 726 | 670 | 735 |
| Short term borrowings | 1 | 185 | 262 | 575 |
| 450 | 971 | 1,057 | 1,425 | |
| Trade payables | 242 | 376 | 441 | 615 |
| Minority interest | -6 | 293 | 308 | 343 |
| Current liabilities | 532 | 936 | 1,113 | 1,671 |
| Total Liabilities | 2,985 | 4,932 | 5,339 | 6,750 |
| 2,204 | 3,216 | 3,532 | 3,807 | |
| Gross block | 3,001 | 4,814 | 5,666 | 6,687 |
| Accumulated depreciation | 797 | 1,598 | 2,133 | 2,880 |
| Goodwill & intangibles | 219 | 1,000 | 1,083 | 1,879 |
| CWIP | 31 | 26 | 19 | 18 |
| 750 | 1,691 | 1,787 | 2,926 | |
| Inventories | 129 | 131 | 148 | 165 |
| Trade receivables | 29 | 53 | 41 | 64 |
| Cash & equivalents | 63 | 168 | 181 | 491 |
| Current assets | 310 | 486 | 474 | 852 |
| Total Assets | 2,985 | 4,932 | 5,339 | 6,750 |
Source: Yahoo Finance (compiled from the annual reports). Tap a row marked + for its breakdown.
Cash Flows
Consolidated figures in ₹ crore, financial years ending March
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 637 | 592 | 900 | 919 | |
| Profit for the year | 265 | 47 | 9 | -39 |
| Working capital changes | 25 | 37 | 65 | 95 |
| Direct taxes paid | -48 | -27 | 2 | -12 |
| -350 | -1,551 | -462 | -440 | |
| Fixed assets purchased | -437 | -478 | -491 | -459 |
| Fixed assets sold | 13 | 17 | 9 | 18 |
| Investments purchased | -24 | -37 | -44 | -35 |
| Investments sold | 93 | 37 | 64 | 35 |
| -283 | 889 | -425 | -197 | |
| Proceeds from borrowings | 0 | 834 | 56 | 475 |
| Repayment of borrowings | -61 | -80 | -170 | |
| Interest paid | -143 | -191 | -260 | -276 |
| Net Cash Flow | 5 | -69 | 13 | 282 |
| Free Cash Flow | 200 | 114 | 409 | 460 |
Free cash flow = cash from operations − capital expenditure. Source: Yahoo Finance.
Ratios
| Ratio | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| ROE | 27.3% | 4.7% | 0.9% | -2.9% |
| ROCE | 15.7% | 4.8% | 6.6% | 4.3% |
| Operating margin | 12.3% | 7.3% | 5.4% | 3.4% |
| Net margin | 8.9% | 1.3% | 0.2% | -0.7% |
| Debt / equity | 1.61 | 2.75 | 2.91 | 2.45 |
| Current ratio | 0.58 | 0.52 | 0.43 | 0.51 |
| Debtor days | 4 | 5 | 3 | 4 |
| Inventory days | 33 | 27 | 21 | 21 |
| Days payable | 62 | 77 | 63 | 77 |
| Cash conversion cycle | -25 | -45 | -39 | -52 |
| Working capital days | -27 | -46 | -47 | -54 |
Computed from the reported statements: ROE on average equity; ROCE = EBIT / (total assets − current liabilities). Debtor days = receivables ÷ sales × 365; inventory and payable days use cost of goods sold; cash conversion cycle = debtor + inventory − payable days; working capital days = (current assets − current liabilities) ÷ sales × 365.
Shareholding Pattern
Numbers in percentages · as filed with NSE each quarter
- Promoters 61.36%
- FIIs 6.81%
- DIIs 18.85%
- Public 12.98%
| % | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 62.74% | 62.74% | 62.74% | 62.73% | 62.72% | 62.72% | 62.72% | 62.62% | 61.42% | 61.37% | 61.36% | 61.36% |
| 13.34% | 12.47% | 12.44% | 11.69% | 11.17% | 11.17% | 10.46% | 9.42% | 6.55% | 5.77% | 6.13% | 6.81% | |
| Foreign portfolio investors (Cat. I) | 12.35% | 11.64% | 12.29% | 11.56% | 10.94% | 11.02% | 10.28% | 9.20% | 6.34% | 5.56% | 5.95% | 6.59% |
| Foreign portfolio investors (Cat. II) | 0.99% | 0.83% | 0.15% | 0.12% | 0.23% | 0.15% | 0.18% | 0.22% | 0.21% | 0.21% | 0.18% | 0.22% |
| 8.30% | 8.53% | 12.19% | 14.19% | 15.38% | 15.46% | 16.87% | 18.08% | 19.76% | 19.44% | 19.33% | 18.85% | |
| Mutual funds | 5.59% | 5.93% | 10.05% | 11.83% | 12.56% | 12.27% | 13.35% | 14.36% | 15.94% | 15.90% | 15.36% | 15.26% |
| Insurance companies | 2.22% | 2.27% | 2.15% | 2.36% | 2.68% | 3.08% | 3.51% | 3.63% | 3.24% | 2.96% | 3.39% | 2.98% |
| Banks | 0.07% | 0.07% | 0.07% | 0.07% | ||||||||
| Alternative investment funds | 0.42% | 0.32% | 0.13% | 0.11% | 0.01% | 0.10% | 0.51% | 0.51% | 0.51% | 0.53% | ||
| 15.62% | 16.26% | 12.63% | 11.40% | 10.73% | 10.64% | 9.95% | 9.88% | 12.28% | 13.42% | 13.17% | 12.98% | |
| Retail (up to ₹2 lakh) | 3.43% | 4.19% | 5.30% | 4.44% | 3.99% | 3.98% | 3.61% | 3.35% | 3.49% | 4.15% | 4.42% | 4.62% |
| HNIs (above ₹2 lakh) | 0.90% | 0.89% | 0.58% | 0.47% | 0.66% | 0.62% | 0.56% | 0.61% | 0.76% | 0.96% | 0.88% | 1.10% |
| NRIs | 0.17% | 0.19% | 0.22% | 0.20% | 0.25% | 0.25% | 0.18% | 0.17% | 0.22% | 0.23% | 0.24% | 0.32% |
| Bodies corporate | 6.96% | 6.82% | 2.34% | 2.12% | 1.64% | 1.61% | 1.43% | 1.42% | 2.41% | 2.60% | 2.13% | 2.43% |
| No. of Shareholders | 2,64,714 | 2,95,903 | 3,34,075 | 3,01,376 | 2,68,125 | 2,65,184 | 2,56,379 | 2,45,827 | 2,38,190 | 2,43,363 | 2,52,963 | 2,52,889 |
Source: shareholding patterns filed by the company with NSE. Public = non-institutional holders. Tap a row marked + for its breakdown.
Mutual funds & institutions holding Devyani International
| Holder (above 1%) | Stake |
|---|---|
| Nippon Life India Trustee Ltd-A/C Nippon India NifMutual fund | 7.06% |
| Kotak Small Cap FundMutual fund | 1.53% |
| HSBC Small Cap FundMutual fund | 1.42% |
| HDFC Consumption FundMutual fund | 1.38% |
| Bajaj Life Insurance LimitedInsurance | 1.19% |
As named in the shareholding pattern for Jun 2026 filed with NSE; mutual funds together hold 15.26% of the company. Shareholders below 1% are not named in the filing.
Documents
Announcements
- General UpdatesDevyani International Limited has informed the Exchange about the intimation of ESG Rating16-Oct-2026
- Trading WindowDevyani International Limited has informed the Exchange regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 201528-Sep-2026
- General UpdatesDevyani International Limited has informed the Exchange about intimation of ESG Rating.18-Sep-2026
- General UpdatesDevyani International Limited has informed the Exchange about disclosure under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 201510-Sep-2026
- Copy of Newspaper PublicationDevyani International Limited has informed the Exchange about Copy of Newspaper Publication03-Sep-2026
- Resignation of Director/KMP/SMPDevyani International Limited has informed the Exchange about Resignation of Director/KMP/SMP31-Aug-2026
- Change in ManagementDevyani International Limited has informed the Exchange about change in Senior Management Personnel31-Aug-2026
- Scheme of ArrangementDevyani International Limited has informed the Exchange about Amended Scheme of Arrangement26-Aug-2026
- Outcome of Board MeetingDevyani International Limited has informed the Exchange regarding Outcome of Board Meeting held on August 26, 2026.26-Aug-2026
- General UpdatesDevyani International Limited has informed the Exchange about voluntary strike-off of non-operational subsidiary of the Company26-Aug-2026
- Shareholders meetingDevyani International Limited has informed the Exchange regarding Proceedings of Annual General Meeting held on August 14, 2026. Further, the company has submitted the Exchange a …14-Aug-2026
- Copy of Newspaper PublicationDevyani International Limited has informed the Exchange about Copy of Newspaper Publication30-Jul-2026
Annual reports
- Financial Year 202623-JUL-2026
- Financial Year 202505-JUL-2025
- Financial Year 202412-JUN-2024
- Financial Year 2023
- Financial Year 2022
Credit ratings
None filed recently.
Concalls & investor meets
- Analysts/Institutional Investor Meet/Con. Call UpdatesDevyani International Limited has informed the Exchange about Schedule of meet21-Sep-2026
- Analysts/Institutional Investor Meet/Con. Call UpdatesDevyani International Limited has informed the Exchange about Schedule of meet18-Sep-2026
- Analysts/Institutional Investor Meet/Con. Call UpdatesDevyani International Limited has informed the Exchange about Schedule of meet14-Sep-2026
- Analysts/Institutional Investor Meet/Con. Call UpdatesDevyani International Limited has informed the Exchange about Schedule of meet31-Aug-2026
- Analysts/Institutional Investor Meet/Con. Call UpdatesDevyani International Limited has informed the Exchange about Transcript04-Aug-2026
- Analysts/Institutional Investor Meet/Con. Call UpdatesDevyani International Limited has informed the Exchange about Link of Recording29-Jul-2026
- Investor PresentationDevyani International Limited has informed the Exchange about Investor Presentation29-Jul-2026
- Analysts/Institutional Investor Meet/Con. Call UpdatesDevyani International Limited has informed the Exchange about Schedule of meet22-Jul-2026
- Analysts/Institutional Investor Meet/Con. Call UpdatesDevyani International Limited has informed the Exchange about Schedule of meet16-Jun-2026
- Analysts/Institutional Investor Meet/Con. Call UpdatesDevyani International Limited has informed the Exchange about Schedule of meet26-May-2026
Filings made by the company with NSE; documents open on NSE's website.
Key dates
- Results announced
- 29 Oct 2026
- Ex-dividend date
- 1 Jan 1970
- Latest quarter
- 30 Jun 2026
- Financial year end
- 31 Mar 2026
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Latest news
In the news
No recent coverage found.
From the company (NSE)
- General UpdatesDevyani International Limited has informed the Exchange about the intimation of ESG RatingNSE filing · 16-Oct-2026
- Trading WindowDevyani International Limited has informed the Exchange regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015NSE filing · 28-Sep-2026
- General UpdatesDevyani International Limited has informed the Exchange about intimation of ESG Rating.NSE filing · 18-Sep-2026
- General UpdatesDevyani International Limited has informed the Exchange about disclosure under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015NSE filing · 10-Sep-2026
- Copy of Newspaper PublicationDevyani International Limited has informed the Exchange about Copy of Newspaper PublicationNSE filing · 03-Sep-2026
- Resignation of Director/KMP/SMPDevyani International Limited has informed the Exchange about Resignation of Director/KMP/SMPNSE filing · 31-Aug-2026
- Change in ManagementDevyani International Limited has informed the Exchange about change in Senior Management PersonnelNSE filing · 31-Aug-2026
- Scheme of ArrangementDevyani International Limited has informed the Exchange about Amended Scheme of ArrangementNSE filing · 26-Aug-2026
Headlines from news publishers (via Google News) and the filings of the company with NSE; they open on the source website. Headlines with price targets or buy/sell calls are left out. News is for information only and is not a recommendation.
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