Barbeque-Nation

DSell / Avoid

BARBEQUE · NSE · Small Cap · QSR / Casual Dining

QSR / Casual Dining

Fetching live…

₹245

1D -0.9%1M -4.5%1Y -38%

Fundamental (RQ-100)

Technical (TQ-100)

Valuation

Market cap

₹1.2K Cr

Live decision ratingDSell / Avoid

Fundamental score breakdown

7/100

Growth Quality

3.0 / 20

Rev 1Y -2.0%, 3Y CAGR 6.0%, 5Y CAGR 0.0%

Margin & Profitability

4.4 / 15

EBITDA 12.0%, PAT -10.0%

Return on Capital

0.0 / 20

ROCE -2.0%, ROE -32.0%

Cash Flow Quality

4.0 / 15

OCF/EBITDA 0.50

Leverage

0.0 / 10

ND/EBITDA 5.50

Reinvestment

6.0 / 8

Capex/Sales 5.0%

Accounting

2.0 / 7

Governance

4.0 / 5

Red flags (penalty)

-16.0 / 0

Technical score breakdown

36/100

Trend Structure

8.0 / 20

↓ 200 · ↓ 50 · ↓ 20

Momentum

3.0 / 15

1Y -38.0%, 1M -4.5%

Volume Dynamics

8.0 / 15

Vol30 —%

Relative Strength

2.0 / 15

1Y -38.0%

MA Cluster

5.0 / 10

Extension

5.0 / 10

—% from 50DMA

Volatility

4.0 / 8

Price Action

1.0 / 7

-100.0% from 52W H

Business

What this company actually does

Casual dining. Buffet model.

Stores

220

Dark stores

—

Cities

—

Listed status

Listed

Format exposure

How direct is this play?

Primary formatQSR / Casual Dining

Exposure typeDominant

Revenue visibilityLow

Operating leverage stageScaling

Policy beneficiaryNone

Data confidenceMedium

Financial snapshot

Live · green dot = live, falls back to curated

Revenue

₹1.2K Cr

Rev 1Y growth

-2%

Rev 3Y CAGR

EBITDA margin

12.0%

PAT margin

-10.0%

ROE

-32%

ROCE

-2%

OCF/EBITDA

0.50

Net Debt/EBITDA

5.5

Financial statements

Multi-year P&L, balance sheet, cash flow — scraped live from Screener.in

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Valuation

Live multiples + retail-specific (curated)

P/E

—

Forward P/E

—

EV/EBITDA

EV/Sales

1.3

P/B

4.0

FCF Yield

2.5%

Trading below 25× EV/EBITDA — relatively reasonable for this segment.

Retail KPIs

The unit-economics that define the format

SSSG

-8.0%

Investment thesis

AI-generated · always cite sources before acting

Bull

Long-runway TAM with structural tailwinds.

Base

Earnings growth of ~7% over the next 3 years assuming margins hold. Multiple compression risk if growth slows; multiple expansion possible if QSR / Casual Dining GMV outperforms.

Bear

Stretched balance sheet limits flexibility in a downturn. Capital efficiency below cost of capital. Format-level risk: regulation, gig-cess, or competitive pressure compress contribution margin.

Variant perception

Consensus views Barbeque-Nation as a challenged player. Our differentiated take: execution risks remain underappreciated even after the price drawdown.

Key monitorables