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Devyani International

CHold
DEVYANI · NSE · Mid Cap · QSR / Casual Dining
QSR / Casual Dining
Fetching live…
180
1D 0.2%1M 1.0%1Y 6%
Fundamental (RQ-100)
50
Technical (TQ-100)
47
Valuation
50
Market cap
₹22.0K Cr
Live decision ratingCHold
Fundamental score breakdown
50/100
Growth Quality
15.4 / 20
Rev 1Y 12.0%, 3Y CAGR 22.0%, 5Y CAGR 20.0%
Margin & Profitability
6.4 / 15
EBITDA 18.0%, PAT -1.0%
Return on Capital
3.6 / 20
ROCE 7.0%, ROE -3.0%
Cash Flow Quality
13.0 / 15
OCF/EBITDA 0.85
Leverage
4.0 / 10
ND/EBITDA 2.20
Reinvestment
8.0 / 8
Capex/Sales 7.0%
Accounting
2.0 / 7
Governance
4.0 / 5
Red flags (penalty)
-6.0 / 0
Technical score breakdown
47/100
Trend Structure
8.0 / 20
↓ 200 · ↓ 50 · ↓ 20
Momentum
8.0 / 15
1Y 6.0%, 1M 1.0%
Volume Dynamics
8.0 / 15
Vol30 —%
Relative Strength
8.0 / 15
1Y 6.0%
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

KFC, Pizza Hut, Costa Coffee franchisee + own brands.

Stores
1,850
Dark stores
Cities
Listed status
Listed

Format exposure

How direct is this play?

Primary formatQSR / Casual Dining
Exposure typeDominant
Revenue visibilityHigh
Operating leverage stageScaling
Policy beneficiaryNone
Data confidenceMedium

Financial snapshot

Live · green dot = live, falls back to curated

Revenue
₹4.8K Cr
Rev 1Y growth
12%
Rev 3Y CAGR
22%
EBITDA margin
18.0%
PAT margin
-1.0%
ROE
-3%
ROCE
7%
OCF/EBITDA
0.85
Net Debt/EBITDA
2.2

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
30
EV/Sales
4.0
P/B
11.0
FCF Yield
2.0%

Mid-range valuation. Watch incremental ROCE.

Retail KPIs

The unit-economics that define the format

SSSG
-2.0%

Investment thesis

AI-generated · always cite sources before acting

Bull
Compounding revenue at 22% CAGR. Long-runway TAM with structural tailwinds.
Base
Earnings growth of ~24% over the next 3 years assuming margins hold. Multiple compression risk if growth slows; multiple expansion possible if QSR / Casual Dining GMV outperforms.
Bear
Capital efficiency below cost of capital. Format-level risk: regulation, gig-cess, or competitive pressure compress contribution margin.
Variant perception
Consensus views Devyani International as a challenged player. Our differentiated take: the current multiple already prices in mid-cycle outcomes.
Key monitorables
  • Quarterly contribution margin trajectory
  • SSSG vs guidance
  • Capex discipline (currently elevated)
  • Promoter holding and ESOP dilution