What does Devyani International do?
ABOUT US. Devyani International Limited is the largest franchisee of Yum Brands in India and is among the largest operators of quick service restaurants chain in India and operates 655 stores across 155 cities in India, as of March 31, 2021.
Is Devyani International Indian company?
History. Devyani International Limited was incorporated in the year 1991, it’s situated in New Delhi, India. The company’s key people are Virag Joshi, Rajat Luthra, Amitabh Negi, Ravi Kant Jaipuria. Devyani International commenced in the quick-service restaurant business in India with franchise KFC, pizza hut, etc.
Who owns Pizza Hut in India?
Devyani International is the largest franchisee of Yum Brands in India, besides operating quick service restaurant (QSR) brands such as Pizza Hut and KFC, and its own brands Vango and Food Street.
Is Devyani International a good buy?
It maintains Buy rating with a SoTP-based TP of Rs 210 per share (FY24E EV/EBITDA of 45x/35x for KFC/PH on a pre-Ind AS basis). Promoters held 62.8 per cent stake in the company as of 31-Mar-2022, while FIIs owned 6.9 per cent, DIIs 5.76 per cent.
What are the products of Devyani International?
The company is the largest franchisee of Yum Brands, operating core brands such as Pizza Hut, KFC, Costa Coffee. It also has its own brands such as Vaango, Food Street, Masala Twist, Ile Bar, Amreli, and Ckrussh Juice Bar.
Is Devyani International Debt Free?
Devyani International Limited, a QSR player which was registered in August 2021 has posted robust Q2 results and also fulfilled one of the objectives of IPO of clearing off the debt. The company has turned profitable in Q2, has become a net-debt-free company, and also have given strong guidance as well.
Can I invest in Devyani?
According to stock market experts, both stocks are strong from long-term perspective; but rate of return in Devyani International shares will be higher than Zomato shares. They advised fresh investors to buy Devyani International shares at around ₹120 to ₹125 levels for ₹200 target in next 6 to 8 months time-frame.
Can we hold Devyani for long term?
Should we hold Devyani?
Devyani International: We recommend a buy on Devyani above 143 with a target of 175. Investors are advised to maintain a Stop Loss below 110.
Can we hold Devyani for long-term?
Should I hold Devyani?
Devyani International: Momentum indicators like MACD and RSI, indicate that the momentum in the stock is likely to continue. We recommend a buy on Devyani above 143 with a target of 175. Investors are advised to maintain a Stop Loss below 110.
Is Devyani a loss making company?
The company is loss-making in the last three reported years, although EBIDTA margins are at a satisfactory level of 17.3 per cent over FY19-FY21. Additionally, the company’s cash flow generation has been impressive with cumulative OCF and FCF of Rs 820 crore and Rs 180 crore, respectively over FY19-FY21.
Who runs KFC in India?
Rajat Luthra – CEO (KFC-India ,Nepal,Nigeria) Devyani International Limited – Devyani International Limited | LinkedIn.
Who owns KFC franchise in India?
Actually, KFC’s parent company is Yum! Brands, Inc., and it is one of the world’s largest restaurant companies in the system restaurants category.
Is Devyani debt free?
The company has become a net-debt-free company excluding the promoter’s debt post listing of the company in August 2021.
Is Devyani overvalued?
Is Devyani International Ltd undervalued or overvalued? The key valuation ratios of Devyani International Ltd’s currently when compared to its past seem to suggest it is in the Somewhat Undervalued zone.