Devyani International Ltd.
•₹ 144.4-2.29%
2026-08-21
PROS
- Company has delivered good sales growth of 29.0% CAGR over last 5 years
- Latest quarter profit grew 36.9% YoY, showing strong momentum
- Working capital cycle has improved - days down from -47 to -64
- Company generates healthy free cash flow
- Company maintains a comfortable, low leverage position
CONS
- Company is loss-making at the operating / net level
- Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT -124.08x)
- Company has a low return on equity of -0.3% over last 3 years
- Interest coverage is weak at 0.8x - earnings barely cover interest
- Total debt has risen sharply - up 54.4% year on year
- Operating margins have contracted to 16.4% from 22.6%
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
EDIT COLUMNS| S.No. | Name | CMP Rs. | P/E | Mar Cap Rs.Cr. | Div Yld % | NP Qtr Rs.Cr. | Qtr Profit Var % | Sales Qtr Rs.Cr. | Qtr Sales Var % | ROCE % | OPM % |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | NESTLEIND | 1469.90 | 74.37 | 283442.92 | 0.82 | 9586.80 | 1382.67 | 63781.80 | 1157.04 | 98.35 | 23.86 |
| 2. | VBL | 432.75 | 43.23 | 146376.17 | 0.35 | 1525.36 | 15.08 | 8650.57 | 20.77 | 20.73 | 27.04 |
| 3. | BRITANNIA | 5410.00 | 50.04 | 130309.75 | 1.67 | 593.38 | 14.08 | 4999.97 | 10.26 | 56.48 | 16.77 |
| 4. | JUBLFOOD | 495.90 | 75.40 | 32721.72 | 0.24 | 100.03 | 6.03 | 2569.65 | 13.66 | 25.56 | 19.77 |
| 5. | HATSUN | 931.75 | 59.58 | 20754.57 | 1.72 | 60.58 | — | 2363.72 | 17.61 | 14.60 | 10.81 |
| 6. | DEVYANI | 142.85 | 0.00 | 17612.54 | 0.00 | 17.10 | 667.68 | 1580.52 | 16.47 | 8.98 | 16.09 |
| 7. | ZYDUSWELL | 492.95 | 83.34 | 15683.73 | 0.24 | 118.90 | -7.04 | 1437.00 | 67.54 | 4.42 | 16.82 |
| 8. | MILKYMIST | 199.55 | 120.95 | 15362.23 | 0.00 | — | — | — | — | 13.79 | — |
| 9. | BIKAJI | 609.25 | 59.09 | 15276.12 | 0.21 | 59.47 | 1.62 | 734.26 | 15.26 | 21.65 | 13.48 |
| 10. | LTFOODS | 429.90 | 23.31 | 14928.40 | 0.70 | 1834.46 | 988.67 | 31518.31 | 1179.20 | 21.42 | 11.26 |
| 11. | MANORAMA | 1924.70 | 49.26 | 12149.17 | 0.04 | 78.66 | 67.55 | 404.01 | 39.53 | 19.70 | 26.29 |
| 12. | KRBL | 399.75 | 12.07 | 9149.87 | 1.13 | 260.74 | 73.16 | 1495.86 | -5.59 | 11.92 | 20.56 |
Detailed Comparison with:
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 790 | 779 | 796 | 752 | 840 | 836 | 873 | 801 | 917 | 871 | 906 | 879 | 999 | |
| 632 | 640 | 647 | 603 | 667 | 689 | 726 | 664 | 766 | 739 | 748 | 735 | 1,013 | |
| Operating Profit | — | — | — | — | — | — | — | — | — | — | — | — | — |
| OPM % | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Income | 7 | 8 | 5 | 17 | 11 | 10 | 14 | 14 | 16 | 9 | 16 | 17 | 25 |
| Interest | 38 | 40 | 44 | 51 | 52 | 54 | 56 | 59 | 55 | 56 | 57 | 58 | 58 |
| Depreciation | 75 | 83 | 89 | 90 | 92 | 99 | 105 | 108 | 105 | 105 | 113 | 122 | 125 |
| 53 | 24 | 22 | -91 | 40 | 3 | -0 | -16 | 7 | -20 | -19 | -18 | 11 | |
| Tax % | 24.63% | -70.94% | 16.55% | -15.89% | 20.14% | 69.18% | 1536.67% | 15.05% | 13.75% | 28.61% | 33.66% | 30.05% | 20.19% |
| Net Profit | 40 | 41 | 18 | -105 | 32 | 1 | 4 | -13 | 6 | -14 | -12 | -13 | 9 |
| 0 | 0 | 0 | -1 | 0 | 0 | 0 | -0 | 0 | -0 | -0 | -0 | 0 | |
| Equity Capital | 121 | 121 | 121 | 121 | 121 | 121 | 121 | 121 | 123 | 123 | 123 | 123 | 123 |
| Reserves | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Promoter Pledge % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Equity Capital | 121 | 121 | 121 | 121 | 121 | 121 | 121 | 121 | 123 | 123 | 123 | 123 | 123 |
| Reserves | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Promoter Pledge % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Jun 2023
- 790
- 632
- Operating Profit
- —
- OPM %
- —
- Other Income
- 7
- Interest
- 38
- Depreciation
- 75
- 53
- Tax %
- 24.63%
- Net Profit
- 40
- 0
- Equity Capital
- 121
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 121
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2023
- 779
- 640
- Operating Profit
- —
- OPM %
- —
- Other Income
- 8
- Interest
- 40
- Depreciation
- 83
- 24
- Tax %
- -70.94%
- Net Profit
- 41
- 0
- Equity Capital
- 121
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 121
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2023
- 796
- 647
- Operating Profit
- —
- OPM %
- —
- Other Income
- 5
- Interest
- 44
- Depreciation
- 89
- 22
- Tax %
- 16.55%
- Net Profit
- 18
- 0
- Equity Capital
- 121
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 121
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2024
- 752
- 603
- Operating Profit
- —
- OPM %
- —
- Other Income
- 17
- Interest
- 51
- Depreciation
- 90
- -91
- Tax %
- -15.89%
- Net Profit
- -105
- -1
- Equity Capital
- 121
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 121
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2024
- 840
- 667
- Operating Profit
- —
- OPM %
- —
- Other Income
- 11
- Interest
- 52
- Depreciation
- 92
- 40
- Tax %
- 20.14%
- Net Profit
- 32
- 0
- Equity Capital
- 121
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 121
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2024
- 836
- 689
- Operating Profit
- —
- OPM %
- —
- Other Income
- 10
- Interest
- 54
- Depreciation
- 99
- 3
- Tax %
- 69.18%
- Net Profit
- 1
- 0
- Equity Capital
- 121
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 121
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2024
- 873
- 726
- Operating Profit
- —
- OPM %
- —
- Other Income
- 14
- Interest
- 56
- Depreciation
- 105
- -0
- Tax %
- 1536.67%
- Net Profit
- 4
- 0
- Equity Capital
- 121
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 121
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2025
- 801
- 664
- Operating Profit
- —
- OPM %
- —
- Other Income
- 14
- Interest
- 59
- Depreciation
- 108
- -16
- Tax %
- 15.05%
- Net Profit
- -13
- -0
- Equity Capital
- 121
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 121
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2025
- 917
- 766
- Operating Profit
- —
- OPM %
- —
- Other Income
- 16
- Interest
- 55
- Depreciation
- 105
- 7
- Tax %
- 13.75%
- Net Profit
- 6
- 0
- Equity Capital
- 123
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 123
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Sep 2025
- 871
- 739
- Operating Profit
- —
- OPM %
- —
- Other Income
- 9
- Interest
- 56
- Depreciation
- 105
- -20
- Tax %
- 28.61%
- Net Profit
- -14
- -0
- Equity Capital
- 123
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 123
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Dec 2025
- 906
- 748
- Operating Profit
- —
- OPM %
- —
- Other Income
- 16
- Interest
- 57
- Depreciation
- 113
- -19
- Tax %
- 33.66%
- Net Profit
- -12
- -0
- Equity Capital
- 123
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 123
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2026
- 879
- 735
- Operating Profit
- —
- OPM %
- —
- Other Income
- 17
- Interest
- 58
- Depreciation
- 122
- -18
- Tax %
- 30.05%
- Net Profit
- -13
- -0
- Equity Capital
- 123
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 123
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Jun 2026
- 999
- 1,013
- Operating Profit
- —
- OPM %
- —
- Other Income
- 25
- Interest
- 58
- Depreciation
- 125
- 11
- Tax %
- 20.19%
- Net Profit
- 9
- 0
- Equity Capital
- 123
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 123
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 807 | 881 | 1,071 | 1,228 | 999 | 1,853 | 2,774 | 3,116 | 3,349 | 3,573 | 3,654 | |
| 811 | 786 | 1,032 | 1,033 | 844 | 1,469 | 2,185 | 2,520 | 2,746 | 2,987 | 3,235 | |
| Operating Profit | 7 | 131 | 48 | 224 | 203 | 406 | 627 | 634 | 653 | 643 | — |
| OPM % | 1 | 15 | 4 | 18 | 20 | 22 | 23 | 20 | 19 | 18 | — |
| Other Income | 11 | 36 | 10 | 29 | 49 | 21 | 37 | 38 | 50 | 58 | 66 |
| Interest | 24 | 28 | 30 | 120 | 128 | 107 | 136 | 173 | 222 | 227 | 229 |
| Depreciation | 56 | 48 | 56 | 175 | 191 | 185 | 258 | 337 | 404 | 445 | 465 |
| -73 | 55 | -38 | -70 | -70 | 112 | 233 | 8 | 27 | -50 | -46 | |
| Tax % | 0 | 0 | 0 | 0 | 0 | -37 | -12 | 184 | 12 | 33 | 33 |
| Net Profit | -73 | 55 | -38 | -70 | -70 | 153 | 260 | -6 | 24 | -33 | -31 |
| EPS | -7 | 5 | -4 | -1 | -1 | 1 | 2 | -0 | 0 | -0 | — |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | — |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | -1 | 1 | -0 | -1 | -1 | 1 | 2 | -0 | 0 | -0 | — |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share of Associates | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Adjusted EPS | -1 | 1 | -0 | -1 | -1 | 1 | 2 | -0 | 0 | -0 | — |
Mar 2017
- 807
- 811
- Operating Profit
- 7
- OPM %
- 1
- Other Income
- 11
- Interest
- 24
- Depreciation
- 56
- -73
- Tax %
- 0
- Net Profit
- -73
- EPS
- -7
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -1
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -1
Mar 2018
- 881
- 786
- Operating Profit
- 131
- OPM %
- 15
- Other Income
- 36
- Interest
- 28
- Depreciation
- 48
- 55
- Tax %
- 0
- Net Profit
- 55
- EPS
- 5
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 1
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 1
Mar 2019
- 1,071
- 1,032
- Operating Profit
- 48
- OPM %
- 4
- Other Income
- 10
- Interest
- 30
- Depreciation
- 56
- -38
- Tax %
- 0
- Net Profit
- -38
- EPS
- -4
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -0
Mar 2020
- 1,228
- 1,033
- Operating Profit
- 224
- OPM %
- 18
- Other Income
- 29
- Interest
- 120
- Depreciation
- 175
- -70
- Tax %
- 0
- Net Profit
- -70
- EPS
- -1
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -1
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -1
Mar 2021
- 999
- 844
- Operating Profit
- 203
- OPM %
- 20
- Other Income
- 49
- Interest
- 128
- Depreciation
- 191
- -70
- Tax %
- 0
- Net Profit
- -70
- EPS
- -1
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -1
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -1
Mar 2022
- 1,853
- 1,469
- Operating Profit
- 406
- OPM %
- 22
- Other Income
- 21
- Interest
- 107
- Depreciation
- 185
- 112
- Tax %
- -37
- Net Profit
- 153
- EPS
- 1
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 1
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 1
Mar 2023
- 2,774
- 2,185
- Operating Profit
- 627
- OPM %
- 23
- Other Income
- 37
- Interest
- 136
- Depreciation
- 258
- 233
- Tax %
- -12
- Net Profit
- 260
- EPS
- 2
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 2
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 2
Mar 2024
- 3,116
- 2,520
- Operating Profit
- 634
- OPM %
- 20
- Other Income
- 38
- Interest
- 173
- Depreciation
- 337
- 8
- Tax %
- 184
- Net Profit
- -6
- EPS
- -0
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -0
Mar 2025
- 3,349
- 2,746
- Operating Profit
- 653
- OPM %
- 19
- Other Income
- 50
- Interest
- 222
- Depreciation
- 404
- 27
- Tax %
- 12
- Net Profit
- 24
- EPS
- 0
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 0
Mar 2026
- 3,573
- 2,987
- Operating Profit
- 643
- OPM %
- 18
- Other Income
- 58
- Interest
- 227
- Depreciation
- 445
- -50
- Tax %
- 33
- Net Profit
- -33
- EPS
- -0
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- -0
TTM
- 3,654
- 3,235
- Operating Profit
- —
- OPM %
- —
- Other Income
- 66
- Interest
- 229
- Depreciation
- 465
- -46
- Tax %
- 33
- Net Profit
- -31
- EPS
- —
- Dividend Payout %
- —
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- —
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- —
COMPOUNDED SALES GROWTH
- 10 Years:
- 17%
- 5 Years:
- 29%
- 3 Years:
- 9%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- —
- 5 Years:
- —
- 3 Years:
- —
STOCK PRICE CAGR
- 10 Years:
- —
- 5 Years:
- 5%
- 3 Years:
- -9%
- 1 Year:
- -13%
RETURN ON EQUITY
- 10 Years:
- -7%
- 5 Years:
- 10%
- 3 Years:
- 0%
- Last Year:
- -3%
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| LIABILITIES | - | - | - | - | - | - | - | - | - | - |
| Equity Capital | 106 | 106 | 106 | 106 | 115 | 120 | 120 | 121 | 121 | 123 |
| 139 | 192 | 153 | -101 | 182 | 768 | 948 | 943 | 975 | 1,378 | |
| 0 | 0 | 113 | 157 | 69 | 0 | 0 | 24 | 31 | 48 | |
| Trade Payables | 69 | 83 | 96 | 124 | 127 | 155 | 210 | 235 | 292 | 378 |
| 253 | 320 | 341 | 1,232 | 1,104 | 1,082 | 1,547 | 2,246 | 2,441 | 2,720 | |
| Total Liabilities | 567 | 701 | 811 | 1,519 | 1,597 | 2,127 | 2,825 | 3,569 | 3,860 | 4,648 |
| ASSETS | - | - | - | - | - | - | - | - | - | - |
| 278 | 335 | 399 | 1,088 | 1,163 | 1,517 | 2,232 | 2,748 | 3,043 | 3,160 | |
| Capital Work in Progress | 6 | 3 | 5 | 6 | 7 | 1 | 7 | 7 | 3 | 8 |
| 122 | 158 | 133 | 98 | 88 | 111 | 84 | 355 | 356 | 921 | |
| 26 | 27 | 36 | 51 | 54 | 73 | 116 | 84 | 107 | 107 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 45 | 59 | 52 | |
| Cash & Bank | 29 | 21 | 17 | 5 | 28 | 41 | 75 | 24 | 23 | 17 |
| 106 | 156 | 220 | 270 | 257 | 385 | 309 | 306 | 269 | 383 | |
| Total Assets | 567 | 701 | 811 | 1,519 | 1,597 | 2,127 | 2,825 | 3,569 | 3,860 | 4,648 |
| Total Debt | 190 | 252 | 386 | 437 | 374 | 61 | 0 | 366 | 372 | 574 |
| Net Working Capital | -52 | -82 | -120 | -336 | -168 | -16 | -201 | -344 | -434 | -623 |
| Contingent Liabilities | 8 | 66 | 46 | 30 | 7 | 23 | 49 | 31 | 33 | 34 |
| Book Value per Share | 23.05 | 28.08 | 24.43 | 0.52 | 2.58 | 7.38 | 8.87 | 8.82 | 9.08 | 12.18 |
| Face Value | 10.00 | 10.00 | 10.00 | 10.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| Total Debt | 190 | 252 | 386 | 437 | 374 | 61 | 0 | 366 | 372 | 574 |
| Net Working Capital | -52 | -82 | -120 | -336 | -168 | -16 | -201 | -344 | -434 | -623 |
| Contingent Liabilities | 8 | 66 | 46 | 30 | 7 | 23 | 49 | 31 | 33 | 34 |
| Book Value per Share | 23.05 | 28.08 | 24.43 | 0.52 | 2.58 | 7.38 | 8.87 | 8.82 | 9.08 | 12.18 |
| Face Value | 10.00 | 10.00 | 10.00 | 10.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
Mar 2017
- Equity Capital
- 106
- 139
- 0
- Trade Payables
- 69
- 253
- Total Liabilities
- 567
- 278
- Capital Work in Progress
- 6
- 122
- 26
- 0
- Cash & Bank
- 29
- 106
- Total Assets
- 567
- Total Debt
- 190
- Net Working Capital
- -52
- Contingent Liabilities
- 8
- Book Value per Share
- 23.05
- Face Value
- 10.00
- Total Debt
- 190
- Net Working Capital
- -52
- Contingent Liabilities
- 8
- Book Value per Share
- 23.05
- Face Value
- 10.00
Mar 2018
- Equity Capital
- 106
- 192
- 0
- Trade Payables
- 83
- 320
- Total Liabilities
- 701
- 335
- Capital Work in Progress
- 3
- 158
- 27
- 0
- Cash & Bank
- 21
- 156
- Total Assets
- 701
- Total Debt
- 252
- Net Working Capital
- -82
- Contingent Liabilities
- 66
- Book Value per Share
- 28.08
- Face Value
- 10.00
- Total Debt
- 252
- Net Working Capital
- -82
- Contingent Liabilities
- 66
- Book Value per Share
- 28.08
- Face Value
- 10.00
Mar 2019
- Equity Capital
- 106
- 153
- 113
- Trade Payables
- 96
- 341
- Total Liabilities
- 811
- 399
- Capital Work in Progress
- 5
- 133
- 36
- 0
- Cash & Bank
- 17
- 220
- Total Assets
- 811
- Total Debt
- 386
- Net Working Capital
- -120
- Contingent Liabilities
- 46
- Book Value per Share
- 24.43
- Face Value
- 10.00
- Total Debt
- 386
- Net Working Capital
- -120
- Contingent Liabilities
- 46
- Book Value per Share
- 24.43
- Face Value
- 10.00
Mar 2020
- Equity Capital
- 106
- -101
- 157
- Trade Payables
- 124
- 1,232
- Total Liabilities
- 1,519
- 1,088
- Capital Work in Progress
- 6
- 98
- 51
- 0
- Cash & Bank
- 5
- 270
- Total Assets
- 1,519
- Total Debt
- 437
- Net Working Capital
- -336
- Contingent Liabilities
- 30
- Book Value per Share
- 0.52
- Face Value
- 10.00
- Total Debt
- 437
- Net Working Capital
- -336
- Contingent Liabilities
- 30
- Book Value per Share
- 0.52
- Face Value
- 10.00
Mar 2021
- Equity Capital
- 115
- 182
- 69
- Trade Payables
- 127
- 1,104
- Total Liabilities
- 1,597
- 1,163
- Capital Work in Progress
- 7
- 88
- 54
- 0
- Cash & Bank
- 28
- 257
- Total Assets
- 1,597
- Total Debt
- 374
- Net Working Capital
- -168
- Contingent Liabilities
- 7
- Book Value per Share
- 2.58
- Face Value
- 1.00
- Total Debt
- 374
- Net Working Capital
- -168
- Contingent Liabilities
- 7
- Book Value per Share
- 2.58
- Face Value
- 1.00
Mar 2022
- Equity Capital
- 120
- 768
- 0
- Trade Payables
- 155
- 1,082
- Total Liabilities
- 2,127
- 1,517
- Capital Work in Progress
- 1
- 111
- 73
- 0
- Cash & Bank
- 41
- 385
- Total Assets
- 2,127
- Total Debt
- 61
- Net Working Capital
- -16
- Contingent Liabilities
- 23
- Book Value per Share
- 7.38
- Face Value
- 1.00
- Total Debt
- 61
- Net Working Capital
- -16
- Contingent Liabilities
- 23
- Book Value per Share
- 7.38
- Face Value
- 1.00
Mar 2023
- Equity Capital
- 120
- 948
- 0
- Trade Payables
- 210
- 1,547
- Total Liabilities
- 2,825
- 2,232
- Capital Work in Progress
- 7
- 84
- 116
- 0
- Cash & Bank
- 75
- 309
- Total Assets
- 2,825
- Total Debt
- 0
- Net Working Capital
- -201
- Contingent Liabilities
- 49
- Book Value per Share
- 8.87
- Face Value
- 1.00
- Total Debt
- 0
- Net Working Capital
- -201
- Contingent Liabilities
- 49
- Book Value per Share
- 8.87
- Face Value
- 1.00
Mar 2024
- Equity Capital
- 121
- 943
- 24
- Trade Payables
- 235
- 2,246
- Total Liabilities
- 3,569
- 2,748
- Capital Work in Progress
- 7
- 355
- 84
- 45
- Cash & Bank
- 24
- 306
- Total Assets
- 3,569
- Total Debt
- 366
- Net Working Capital
- -344
- Contingent Liabilities
- 31
- Book Value per Share
- 8.82
- Face Value
- 1.00
- Total Debt
- 366
- Net Working Capital
- -344
- Contingent Liabilities
- 31
- Book Value per Share
- 8.82
- Face Value
- 1.00
Mar 2025
- Equity Capital
- 121
- 975
- 31
- Trade Payables
- 292
- 2,441
- Total Liabilities
- 3,860
- 3,043
- Capital Work in Progress
- 3
- 356
- 107
- 59
- Cash & Bank
- 23
- 269
- Total Assets
- 3,860
- Total Debt
- 372
- Net Working Capital
- -434
- Contingent Liabilities
- 33
- Book Value per Share
- 9.08
- Face Value
- 1.00
- Total Debt
- 372
- Net Working Capital
- -434
- Contingent Liabilities
- 33
- Book Value per Share
- 9.08
- Face Value
- 1.00
Mar 2026
- Equity Capital
- 123
- 1,378
- 48
- Trade Payables
- 378
- 2,720
- Total Liabilities
- 4,648
- 3,160
- Capital Work in Progress
- 8
- 921
- 107
- 52
- Cash & Bank
- 17
- 383
- Total Assets
- 4,648
- Total Debt
- 574
- Net Working Capital
- -623
- Contingent Liabilities
- 34
- Book Value per Share
- 12.18
- Face Value
- 1.00
- Total Debt
- 574
- Net Working Capital
- -623
- Contingent Liabilities
- 34
- Book Value per Share
- 12.18
- Face Value
- 1.00
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 54 | 105 | 75 | 241 | 158 | 385 | 595 | 587 | 662 | 707 | |
| Cash from Investing | -65 | -155 | -184 | -116 | -302 | -363 | -305 | -737 | -323 | -510 |
| Cash from Financing | 1 | 43 | 105 | -139 | 170 | -10 | -279 | 109 | -327 | -204 |
| -11 | -8 | -4 | -14 | 26 | 12 | 10 | -42 | 12 | -6 | |
| Free Cash Flow | 54 | 29 | -48 | -615 | 121 | -122 | -440 | -262 | 0 | 179 |
| OCF / Net Profit | -0.74 | 1.91 | -1.97 | -3.42 | -2.26 | 2.51 | 2.29 | -92.57 | 27.93 | -21.33 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | -459 | -634 | -1,104 | -1,318 | -703 | -645 |
| OCF / Net Profit | -0.74 | 1.91 | -1.97 | -3.42 | -2.26 | 2.51 | 2.29 | -92.57 | 27.93 | -21.33 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | -459 | -634 | -1,104 | -1,318 | -703 | -645 |
Mar 2017
- 54
- Cash from Investing
- -65
- Cash from Financing
- 1
- -11
- Free Cash Flow
- 54
- OCF / Net Profit
- -0.74
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- -0.74
- Cumulative 5-Year FCF
- 0
Mar 2018
- 105
- Cash from Investing
- -155
- Cash from Financing
- 43
- -8
- Free Cash Flow
- 29
- OCF / Net Profit
- 1.91
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 1.91
- Cumulative 5-Year FCF
- 0
Mar 2019
- 75
- Cash from Investing
- -184
- Cash from Financing
- 105
- -4
- Free Cash Flow
- -48
- OCF / Net Profit
- -1.97
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- -1.97
- Cumulative 5-Year FCF
- 0
Mar 2020
- 241
- Cash from Investing
- -116
- Cash from Financing
- -139
- -14
- Free Cash Flow
- -615
- OCF / Net Profit
- -3.42
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- -3.42
- Cumulative 5-Year FCF
- 0
Mar 2021
- 158
- Cash from Investing
- -302
- Cash from Financing
- 170
- 26
- Free Cash Flow
- 121
- OCF / Net Profit
- -2.26
- Cumulative 5-Year FCF
- -459
- OCF / Net Profit
- -2.26
- Cumulative 5-Year FCF
- -459
Mar 2022
- 385
- Cash from Investing
- -363
- Cash from Financing
- -10
- 12
- Free Cash Flow
- -122
- OCF / Net Profit
- 2.51
- Cumulative 5-Year FCF
- -634
- OCF / Net Profit
- 2.51
- Cumulative 5-Year FCF
- -634
Mar 2023
- 595
- Cash from Investing
- -305
- Cash from Financing
- -279
- 10
- Free Cash Flow
- -440
- OCF / Net Profit
- 2.29
- Cumulative 5-Year FCF
- -1,104
- OCF / Net Profit
- 2.29
- Cumulative 5-Year FCF
- -1,104
Mar 2024
- 587
- Cash from Investing
- -737
- Cash from Financing
- 109
- -42
- Free Cash Flow
- -262
- OCF / Net Profit
- -92.57
- Cumulative 5-Year FCF
- -1,318
- OCF / Net Profit
- -92.57
- Cumulative 5-Year FCF
- -1,318
Mar 2025
- 662
- Cash from Investing
- -323
- Cash from Financing
- -327
- 12
- Free Cash Flow
- 0
- OCF / Net Profit
- 27.93
- Cumulative 5-Year FCF
- -703
- OCF / Net Profit
- 27.93
- Cumulative 5-Year FCF
- -703
Mar 2026
- 707
- Cash from Investing
- -510
- Cash from Financing
- -204
- -6
- Free Cash Flow
- 179
- OCF / Net Profit
- -21.33
- Cumulative 5-Year FCF
- -645
- OCF / Net Profit
- -21.33
- Cumulative 5-Year FCF
- -645
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| PER SHARE | - | - | - | - | - | - | - | - | - | - |
| EPS (₹) | -6.84 | 5.15 | -3.57 | -6.63 | -0.61 | 1.27 | 2.16 | -0.05 | 0.20 | -0.27 |
| Book Value (₹) | 23.05 | 28.08 | 24.43 | 0.52 | 2.58 | 7.38 | 8.87 | 8.82 | 9.08 | 12.18 |
| Dividend per Share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash EPS (₹) | -0.16 | 0.97 | 0.17 | 0.98 | 1.05 | 2.81 | 4.30 | 2.74 | 3.54 | 3.34 |
| PROFITABILITY | - | - | - | - | - | - | - | - | - | - |
| Operating Margin % | 0.86% | 14.87% | 4.49% | 18.28% | 20.37% | 21.89% | 22.59% | 19.13% | 18.01% | 16.38% |
| Net Margin % | -8.99% | 6.21% | -3.54% | -5.73% | -7.01% | 8.28% | 9.38% | -0.20% | 0.71% | -0.93% |
| ROE % | -25.26% | 20.14% | -13.59% | -53.12% | -46.19% | 25.86% | 26.59% | -0.59% | 2.20% | -2.55% |
| ROCE % | -10.32% | 16.47% | -1.37% | 8.99% | 10.26% | 26.93% | 36.20% | 14.23% | 17.02% | 9.97% |
| -12.35% | 8.63% | -5.02% | -6.04% | -4.49% | 8.24% | 10.51% | -0.20% | 0.64% | -0.78% | |
| EFFICIENCY | - | - | - | - | - | - | - | - | - | - |
| Debtor Days | 10 | 11 | 12 | 11 | 13 | 7 | 4 | 4 | 6 | 6 |
| Inventory Days | 12 | 11 | 11 | 13 | 19 | 12 | 12 | 12 | 10 | 11 |
| Payable Days | 95 | 102 | 101 | 107 | 152 | 97 | 81 | 91 | 101 | 118 |
| -73 | -80 | -78 | -83 | -120 | -78 | -65 | -75 | -85 | -101 | |
| FINANCIAL HEALTH | - | - | - | - | - | - | - | - | - | - |
| Debt to Equity (x) | 0.78x | 0.85x | 1.49x | 78.35x | 1.26x | 0.07x | 0.00x | 0.34x | 0.34x | 0.38x |
| Interest Coverage (x) | -2.08x | 2.93x | -0.28x | 0.41x | 0.45x | 2.05x | 2.71x | 1.04x | 1.12x | 0.78x |
| 0.68x | 0.56x | 0.52x | 0.26x | 0.48x | 0.95x | 0.58x | 0.46x | 0.40x | 0.31x | |
| GROWTH | - | - | - | - | - | - | - | - | - | - |
| Revenue Growth % | 4.58% | 9.07% | 21.58% | 14.68% | -18.66% | 85.56% | 49.70% | 12.33% | 7.48% | 6.67% |
| Operating Profit Growth % | 150.52% | 1775.82% | -63.28% | 366.63% | -9.35% | 99.43% | 54.44% | 1.12% | 3.05% | -1.58% |
| Net Profit Growth % | 21.59% | 175.28% | -169.31% | -85.74% | 0.50% | 319.03% | 69.63% | -102.44% | 474.29% | -239.76% |
| 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | -102.43% | 474.17% | -236.75% | |
| VALUATION | - | - | - | - | - | - | - | - | - | - |
| P/E (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 757.51x | 0.00x |
| P/B (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 17.05x | 16.40x | 7.76x |
| Dividend Yield % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 29.17x | 28.05x | 19.00x |
Mar 2017
- EPS (₹)
- -6.84
- Book Value (₹)
- 23.05
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- -0.16
- Operating Margin %
- 0.86%
- Net Margin %
- -8.99%
- ROE %
- -25.26%
- ROCE %
- -10.32%
- -12.35%
- Debtor Days
- 10
- Inventory Days
- 12
- Payable Days
- 95
- -73
- Debt to Equity (x)
- 0.78x
- Interest Coverage (x)
- -2.08x
- 0.68x
- Revenue Growth %
- 4.58%
- Operating Profit Growth %
- 150.52%
- Net Profit Growth %
- 21.59%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2018
- EPS (₹)
- 5.15
- Book Value (₹)
- 28.08
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 0.97
- Operating Margin %
- 14.87%
- Net Margin %
- 6.21%
- ROE %
- 20.14%
- ROCE %
- 16.47%
- 8.63%
- Debtor Days
- 11
- Inventory Days
- 11
- Payable Days
- 102
- -80
- Debt to Equity (x)
- 0.85x
- Interest Coverage (x)
- 2.93x
- 0.56x
- Revenue Growth %
- 9.07%
- Operating Profit Growth %
- 1775.82%
- Net Profit Growth %
- 175.28%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2019
- EPS (₹)
- -3.57
- Book Value (₹)
- 24.43
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 0.17
- Operating Margin %
- 4.49%
- Net Margin %
- -3.54%
- ROE %
- -13.59%
- ROCE %
- -1.37%
- -5.02%
- Debtor Days
- 12
- Inventory Days
- 11
- Payable Days
- 101
- -78
- Debt to Equity (x)
- 1.49x
- Interest Coverage (x)
- -0.28x
- 0.52x
- Revenue Growth %
- 21.58%
- Operating Profit Growth %
- -63.28%
- Net Profit Growth %
- -169.31%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2020
- EPS (₹)
- -6.63
- Book Value (₹)
- 0.52
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 0.98
- Operating Margin %
- 18.28%
- Net Margin %
- -5.73%
- ROE %
- -53.12%
- ROCE %
- 8.99%
- -6.04%
- Debtor Days
- 11
- Inventory Days
- 13
- Payable Days
- 107
- -83
- Debt to Equity (x)
- 78.35x
- Interest Coverage (x)
- 0.41x
- 0.26x
- Revenue Growth %
- 14.68%
- Operating Profit Growth %
- 366.63%
- Net Profit Growth %
- -85.74%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2021
- EPS (₹)
- -0.61
- Book Value (₹)
- 2.58
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 1.05
- Operating Margin %
- 20.37%
- Net Margin %
- -7.01%
- ROE %
- -46.19%
- ROCE %
- 10.26%
- -4.49%
- Debtor Days
- 13
- Inventory Days
- 19
- Payable Days
- 152
- -120
- Debt to Equity (x)
- 1.26x
- Interest Coverage (x)
- 0.45x
- 0.48x
- Revenue Growth %
- -18.66%
- Operating Profit Growth %
- -9.35%
- Net Profit Growth %
- 0.50%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2022
- EPS (₹)
- 1.27
- Book Value (₹)
- 7.38
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 2.81
- Operating Margin %
- 21.89%
- Net Margin %
- 8.28%
- ROE %
- 25.86%
- ROCE %
- 26.93%
- 8.24%
- Debtor Days
- 7
- Inventory Days
- 12
- Payable Days
- 97
- -78
- Debt to Equity (x)
- 0.07x
- Interest Coverage (x)
- 2.05x
- 0.95x
- Revenue Growth %
- 85.56%
- Operating Profit Growth %
- 99.43%
- Net Profit Growth %
- 319.03%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2023
- EPS (₹)
- 2.16
- Book Value (₹)
- 8.87
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 4.30
- Operating Margin %
- 22.59%
- Net Margin %
- 9.38%
- ROE %
- 26.59%
- ROCE %
- 36.20%
- 10.51%
- Debtor Days
- 4
- Inventory Days
- 12
- Payable Days
- 81
- -65
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 2.71x
- 0.58x
- Revenue Growth %
- 49.70%
- Operating Profit Growth %
- 54.44%
- Net Profit Growth %
- 69.63%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2024
- EPS (₹)
- -0.05
- Book Value (₹)
- 8.82
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 2.74
- Operating Margin %
- 19.13%
- Net Margin %
- -0.20%
- ROE %
- -0.59%
- ROCE %
- 14.23%
- -0.20%
- Debtor Days
- 4
- Inventory Days
- 12
- Payable Days
- 91
- -75
- Debt to Equity (x)
- 0.34x
- Interest Coverage (x)
- 1.04x
- 0.46x
- Revenue Growth %
- 12.33%
- Operating Profit Growth %
- 1.12%
- Net Profit Growth %
- -102.44%
- -102.43%
- P/E (x)
- 0.00x
- P/B (x)
- 17.05x
- Dividend Yield %
- 0.00%
- 29.17x
Mar 2025
- EPS (₹)
- 0.20
- Book Value (₹)
- 9.08
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 3.54
- Operating Margin %
- 18.01%
- Net Margin %
- 0.71%
- ROE %
- 2.20%
- ROCE %
- 17.02%
- 0.64%
- Debtor Days
- 6
- Inventory Days
- 10
- Payable Days
- 101
- -85
- Debt to Equity (x)
- 0.34x
- Interest Coverage (x)
- 1.12x
- 0.40x
- Revenue Growth %
- 7.48%
- Operating Profit Growth %
- 3.05%
- Net Profit Growth %
- 474.29%
- 474.17%
- P/E (x)
- 757.51x
- P/B (x)
- 16.40x
- Dividend Yield %
- 0.00%
- 28.05x
Mar 2026
- EPS (₹)
- -0.27
- Book Value (₹)
- 12.18
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 3.34
- Operating Margin %
- 16.38%
- Net Margin %
- -0.93%
- ROE %
- -2.55%
- ROCE %
- 9.97%
- -0.78%
- Debtor Days
- 6
- Inventory Days
- 11
- Payable Days
- 118
- -101
- Debt to Equity (x)
- 0.38x
- Interest Coverage (x)
- 0.78x
- 0.31x
- Revenue Growth %
- 6.67%
- Operating Profit Growth %
- -1.58%
- Net Profit Growth %
- -239.76%
- -236.75%
- P/E (x)
- 0.00x
- P/B (x)
- 7.76x
- Dividend Yield %
- 0.00%
- 19.00x
Documents
Announcements
- Shareholders meeting
2026-08-14 - Devyani 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 copy of Srutinizers report.
- Analysts/Institutional Investor Meet/Con. Call Updates
2026-08-04 - Devyani International Limited has informed the Exchange about Transcript
Annual Reports
Credit Ratings
Nothing filed yet.
Concalls
Aug 2026
Jul 2026
May 2026