āagman

Not investment advice. Data and computed figures, for information only.

Devyani International Ltd

NSE: DEVYANI
₹121.57
−₹1.17 (−0.95%)
NSE · 15 Oct 2026, close
NSE
As of 31 Mar 2026
Market Cap
₹15,238 Cr
CMP
₹121.57
52-wk High / Low
₹170 / 92
P/B
9.9
Book Value
₹12.5
Div Yield
0.00%
ROCE
5.0%
ROE
−1.6%
Face Value
₹1
D/E
2.49

Price−25.6% over 1Y

āagman read

Computed by āagman
Derived from 11 years and 14 quarters of filings. Not reported by the company.
As of 15 Oct 2026
How we compute these
Piotroski F-Score
2
/ 9
2 of 9 F-score tests passed
ROIC
2.7%
vs 7.6% sector median
Cash flow to profit
−21.37
CFO / PAT
Above 1.0 = operating cash flow exceeded reported profit
Margin change
+89
bps OPM YoY
Operating margin vs the same quarter last year
ROE stability
13.0
pp σ
Standard deviation of ROE across periods. Lower = more stable
Holder deltas
QoQ
pp
Prom +0.00FII +0.68DII −0.49
Latest quarter vs the previous one
Cash-accrual divergence
−16.0%
of assets
Low = accruals track cash flow
Strengths
Watch-outs
−Latest ROCE of 5% trails the sector median of 13%
−Borrowings are up 1001.4% since FY2016 (348 to 3833)
−Price trades below its 200-day moving average (1.0x)
−Promoter holding fell by 1.4pp over the last year
−Piotroski F-Score of 2/9 is in the weak band (≤3)

Peer comparison

Peers
NameP/EMar Cap ₹ CrROCE %ROE %

Quarterly results

Consolidated basis (as filed) · ₹ Cr · 13 quarters
As of 30 Jun 2026
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales8478198431,0471,2221,2221,2941,2131,3571,3771,4411,4371,581
Expenses7216656979171,0061,0261,0811,0271,1511,1851,2101,2171,326
Operating Profit126154146130216196213186206192231220254
OPM %14.9%18.8%17.3%12.4%17.7%16.0%16.5%15.3%15.2%13.9%16.0%15.3%16.1%
Other Income7−7514105913133−101819
Interest40424857636567706769707070
Depreciation808693126132139147152150155167182180
Profit before tax131910−3831−49−223−29−16−1523
Net Profit−2365−4922−5−8−172−24−11−1017
EPS (₹)0.100.280.08−0.060.250.000.00−0.120.03−0.18−0.08−0.080.12

Profit & Loss

As of 30 Jun 2026
Consolidated · ₹ Cr · 11 years + TTM
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales1,0121,0481,1111,3111,5161,1352,0842,9983,5564,9515,6115,835
Expenses1,0131,0081,0151,1061,2549451,6082,3412,9914,1124,7524,938
Operating Profit−13996205262189476657565839860898
OPM %−0.1%3.7%8.6%15.6%17.3%16.7%22.8%21.9%15.9%16.9%15.3%15.4%
Other Income0823422131−31218333130
Interest438834137161155129149189267278279
Depreciation8513755203223229221278391592670685
Profit before tax−129−17830−93−120−64123242413−57−37
Net Profit−130−18031−94−121−63155263−10−7−43−28
EPS (₹)−11.98−11.314.33−7.46−11.46−0.481.302.200.390.08−0.31−0.22

Balance Sheet

As of 30 Jun 2026
Consolidated · ₹ Cr
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Jun 2026
Equity Capital106106106106106115120120121121123—
Reserves70−1933−176−295−25668509359741,419—
Borrowings3483063714881,8321,3361,2541,5652,9063,1883,833—
Other Liabilities1962022181,3902402193224509711,0571,375—
Total Liabilities7205967281,8071,8841,6682,2632,9854,9325,3396,750—
Fixed Assets4914064451,5781,6351,3921,7562,4274,2164,6225,686—
CWIP3815561214147151138—
Investments00000000012—
Other Assets1921742262182352625005437057121,054—
Total Assets7205967281,8071,8841,6682,2632,9854,9325,3396,750—

Cash Flows

As of 31 Mar 2026
Consolidated · ₹ Cr
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity—9091278301240451637766900927
Cash from Investing Activity—−67−140−165−91−355−375−349−1,551−461−419
Cash from Financing Activity—−3256−130−223142−58−283889−425−197
Net Cash Flow—−97−18−132717510514310

Ratios

As of 31 Mar 2026
11 periods
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %—−19.015.07.06.02.016.018.06.06.05.0
ROE %——————————−1.6
EPS (₹)−11.98−11.314.33−7.46−11.46−0.481.302.200.390.08−0.31
Book Value (₹)——————————12.5
Face Value (₹)——————————1
P/E———————————
Div Yield %——————————0.00
NPM %−12.8−17.02.7−6.9−8.0−5.07.48.7−0.3−0.1−0.8
OPM %−0.13.79.016.017.017.023.022.016.017.015.0
D/E1.983.522.67——11.821.831.612.752.912.49
P/B——————————9.9

Growth

As of 11 Oct 2026
Compounded sales growth
10 years+19.0%
5 years+38.0%
3 years+23.0%
TTM+15.0%
Compounded profit growth
10 years+6.0%
5 years+12.0%
TTM+31.0%
Stock price CAGR
5 years+2.0%
3 years−17.0%
Last year−24.0%
Return on equity
5 years7.0%
3 years−3.0%
Last year−2.0%

Shareholding pattern

As of 31 Dec 2024
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024
Promoters62.80%62.80%62.78%62.74%62.72%61.37%61.37%
FIIs6.90%6.90%9.77%12.44%10.46%6.13%6.81%
DIIs5.75%5.75%9.66%12.20%16.87%19.33%18.84%
Government———————
Public24.55%24.55%17.78%12.64%9.95%13.17%12.97%
No. of shareholders2,73,6462,73,6463,06,3553,34,0752,56,3792,52,9632,52,889
Change since Jun 2023 (pp)
Promoters −1.43FIIs −0.09DIIs +13.09Public −11.58

Documents

As of 11 Oct 2026
Announcements
Closure of Trading WindowAnnouncement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationDisclosure Under The SEBI (LODR) Regulations, 2015Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationAnnouncement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
Annual reports
Annual Report 2026Annual Report 2025Annual Report 2024Annual Report 2023Annual Report 2022
Concalls
Aug 2026TranscriptAug 2026PPTAug 2026RecordingMay 2026TranscriptMay 2026PPTMay 2026RecordingFeb 2026TranscriptFeb 2026PPTJan 2026TranscriptJan 2026PPTJan 2026RecordingNov 2025TranscriptNov 2025PPTNov 2025Recording

Corporate actions

Fundamentals from a third-party compiler of exchange filings; prices from the exchanges. Not investment advice.© 2026 āagman