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Devyani International Ltd.
NSE: DEVYANI · Consumer Services
₹128.65-0.43%06 Nov 2026
Ask the data
Instant answers about Devyani International Ltd. — computed from its filings, no language modelMarket cap₹15,862 cr
Current price₹128.65
High / Low₹168 / ₹95
P/E—
P/B10.27
Book value₹12.5
ROE-0.4%
ROCE10.7%
Debt / equity0.64
Dividend yield—
EPS (TTM)₹-0.05
Face value₹1
Price & valuation
split & bonus adjusted · pick a metric and rangeAnnual performance
annual · ₹ crore · line = operating margin| FY22 | FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|---|
| Revenue | 2,084 | 2,998 | 3,556 | 4,951 | 5,611 |
| EBITDA | 472 | 655 | 646 | 811 | 850 |
| Operating margin | 22.7% | 21.9% | 18.2% | 16.4% | 15.1% |
| Interest | 127 | 147 | 187 | 265 | 276 |
| Depreciation | 221 | 278 | 385 | 570 | 654 |
| Profit before tax | 123 | 242 | 4 | 13 | -56 |
| Tax | -32 | -21 | 13 | 20 | -14 |
| Net profit | 156 | 265 | 47 | 9 | -39 |
| EPS ₹ | 1.32 | 2.20 | 0.39 | 0.08 | -0.31 |
| Operating cash flow | 451 | 637 | 592 | 900 | 919 |
| Capex | 306 | 437 | 478 | 491 | 459 |
| Dividend paid | 0 | 0 | 0 | 0 | 0 |
| Total assets | 2,263 | 2,989 | 4,932 | 5,339 | 6,750 |
| Equity | 686 | 970 | 1,056 | 1,094 | 1,542 |
Quarterly performance
last 21 quarters · ₹ crore| SEP '21 | DEC '21 | MAR '22 | JUN '22 | SEP '22 | DEC '22 | MAR '23 | JUN '23 | SEP '23 | DEC '23 | MAR '24 | JUN '24 | SEP '24 | DEC '24 | MAR '25 | JUN '25 | SEP '25 | DEC '25 | MAR '26 | JUN '26 | SEP '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 516 | 624 | 591 | 705 | 747 | 791 | 755 | 847 | 819 | 843 | 1,047 | 1,222 | 1,222 | 1,294 | 1,213 | 1,357 | 1,377 | 1,441 | 1,437 | 1,581 | 1,519 |
| Operating profit | 128 | 148 | 140 | 165 | 166 | 174 | 151 | 173 | 154 | 146 | 172 | 216 | 196 | 213 | 186 | 206 | 192 | 231 | 220 | 254 | 233 |
| Operating margin | 24.8% | 23.7% | 23.6% | 23.4% | 22.3% | 22.0% | 20.0% | 20.5% | 18.8% | 17.4% | 16.5% | 17.7% | 16.0% | 16.5% | 15.3% | 15.2% | 14.0% | 16.0% | 15.3% | 16.1% | 15.3% |
| Other income | 5 | 4 | 2 | 9 | 5 | 8 | 11 | 7 | 7 | 5 | 15 | 10 | 5 | 9 | 13 | 14 | 5 | 12 | 14 | 19 | 12 |
| Interest | 33 | 30 | 32 | 33 | 35 | 38 | 42 | 40 | 42 | 48 | 57 | 63 | 65 | 67 | 70 | 67 | 69 | 70 | 70 | 70 | 65 |
| Depreciation | 53 | 56 | 65 | 64 | 66 | 71 | 79 | 80 | 86 | 93 | 126 | 132 | 139 | 147 | 152 | 150 | 155 | 167 | 182 | 180 | 173 |
| Profit before tax | 47 | 67 | 42 | 77 | 59 | 65 | 41 | 13 | 19 | 10 | -38 | 31 | -4 | 9 | -22 | 3 | -27 | -15 | -18 | 23 | 6 |
| Tax | 1 | 1 | -33 | 2 | 2 | -6 | -19 | 15 | -17 | 5 | 11 | 8 | 1 | 16 | -6 | 1 | -5 | -5 | -5 | 6 | 2 |
| Net profit | 46 | 63 | 76 | 74 | 59 | 72 | 61 | 12 | 33 | 10 | -7 | 30 | 0 | -0 | -15 | 4 | -22 | -10 | -10 | 15 | -0 |
| EPS ₹ | 0.39 | 0.52 | 0.63 | 0.61 | 0.49 | 0.59 | 0.50 | 0.10 | 0.28 | 0.08 | -0.06 | 0.25 | 0.00 | 0.00 | 0.12 | 0.03 | -0.18 | -0.08 | -0.08 | 0.12 | 0.00 |
| Revenue YoY | — | — | — | — | 44.8% | 26.6% | 27.8% | 20.1% | 9.6% | 6.6% | 38.7% | 44.3% | 49.1% | 53.5% | 15.8% | 11.1% | 12.6% | 11.3% | 18.5% | 16.5% | 10.4% |
| Profit YoY | — | — | — | — | 28.6% | 13.5% | -20.5% | -84.1% | -43.2% | -86.6% | -112.3% | 156.0% | -99.9% | -105.1% | — | -87.7% | -109550.0% | — | — | 297.0% | — |
Returns & margins
trailing-twelve-month, per quarter| JUN '22 | SEP '22 | DEC '22 | MAR '23 | JUN '23 | SEP '23 | DEC '23 | MAR '24 | JUN '24 | SEP '24 | DEC '24 | MAR '25 | JUN '25 | SEP '25 | DEC '25 | MAR '26 | JUN '26 | SEP '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 37.7% | 33.0% | 34.1% | 27.3% | 20.9% | 17.1% | 11.1% | 4.5% | 6.2% | 2.8% | 1.9% | 1.4% | -1.1% | -2.2% | -2.8% | -2.5% | -1.8% | -0.4% |
| ROCE | 44.1% | 39.0% | 39.6% | 37.2% | 31.8% | 26.9% | 22.9% | 9.7% | 11.7% | 10.9% | 11.8% | 13.7% | 12.6% | 9.3% | 8.5% | 7.6% | 8.4% | 10.7% |
| Net margin | 10.6% | 10.2% | 9.9% | 8.8% | 6.5% | 5.5% | 3.5% | 1.3% | 1.7% | 0.7% | 0.5% | 0.3% | -0.2% | -0.6% | -0.8% | -0.7% | -0.5% | -0.1% |
| EBITDA margin | 23.8% | 23.2% | 22.8% | 21.9% | 21.2% | 20.3% | 19.2% | 18.2% | 17.5% | 16.8% | 16.7% | 16.4% | 15.7% | 15.2% | 15.1% | 15.1% | 15.4% | 15.7% |
| Debt / equity | 0.19 | 0.17 | 0.17 | 0.08 | 0.08 | 0.08 | 0.08 | 0.86 | 0.86 | 0.82 | 0.82 | 0.85 | 0.85 | 0.62 | 0.62 | 0.88 | 0.88 | 0.64 |
| Interest coverage | 2.83 | 2.90 | 2.77 | 2.64 | 2.15 | 1.85 | 1.48 | 1.02 | 1.10 | 0.99 | 0.99 | 1.05 | 0.95 | 0.86 | 0.78 | 0.80 | 0.87 | 0.99 |
| Asset turnover | 1.08 | 1.02 | 1.09 | 1.00 | 1.05 | 1.03 | 1.04 | 0.72 | 0.80 | 0.81 | 0.90 | 0.93 | 0.95 | 0.84 | 0.87 | 0.83 | 0.86 | 0.94 |
Balance sheet
equity vs borrowings over time · ₹ crore| MAR '21‡ | MAR '22‡ | SEP '22 | MAR '23 | SEP '23 | MAR '24 | SEP '24 | MAR '25 | SEP '25 | MAR '26 | SEP '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Share capital | 115 | 120 | 120 | 120 | 121 | 121 | 121 | 121 | 123 | 123 | 123 |
| Other equity / reserves | -2 | 566 | 704 | 850 | 915 | 935 | 1,045 | 974 | 1,430 | 1,419 | 1,422 |
| Total equity | 114 | 686 | 824 | 970 | 1,036 | 1,056 | 1,166 | 1,094 | 1,553 | 1,542 | 1,545 |
| Borrowings | 463 | 132 | 137 | 77 | 80 | 910 | 950 | 932 | 966 | 1,360 | 984 |
| Current liabilities | 421 | 420 | 533 | 535 | 588 | 911 | 1,093 | 1,113 | 1,265 | 1,671 | 1,390 |
| Non-current liabilities | 1,176 | 1,161 | 1,253 | 1,489 | 1,519 | 2,673 | 2,784 | 2,823 | 2,983 | 3,193 | 3,085 |
| Total assets | 1,668 | 2,263 | 2,603 | 2,989 | 3,130 | 4,932 | 5,332 | 5,339 | 6,207 | 6,750 | 6,373 |
| Property, plant & equipment | 431 | 611 | 777 | 947 | 1,029 | 1,500 | 1,615 | 1,633 | 1,671 | 1,758 | 1,727 |
| Capital work-in-progress | 14 | 7 | 10 | 15 | 16 | 11 | 10 | 3 | 8 | 8 | 14 |
| Investments | — | — | 0 | 0 | 0 | 0 | 0 | 1 | 3 | 2 | 5 |
| Inventories | 62 | 85 | 120 | 129 | 108 | 131 | 151 | 148 | 169 | 165 | 182 |
| Receivables | 17 | 21 | 26 | 29 | 38 | 53 | 54 | 41 | 54 | 64 | 52 |
| Cash & equivalents | 40 | 57 | 30 | 63 | 30 | 168 | 189 | 181 | 151 | 491 | 153 |
Cash flow
annual · ₹ crore · line = free cash flow| FY21‡ | FY22 | FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|---|---|
| Cash from operations | 240 | 451 | 637 | 592 | 900 | 919 |
| Cash from investing | -359 | -375 | -350 | -1,551 | -462 | -440 |
| Cash from financing | 142 | -58 | -283 | 1,063 | -425 | -190 |
| Capex | 137 | 306 | 437 | 478 | 491 | 459 |
| Free cash flow | 102 | 144 | 200 | 114 | 409 | 460 |
| Dividends paid | — | 0 | 0 | 0 | 0 | 0 |
Where the assets sit
Sep '26 · ₹ croreFixed assets (PPE)₹1,727 cr27%
CWIP₹14 cr0%
Investments₹5 cr0%
Inventories₹182 cr3%
Receivables₹52 cr1%
Cash & equivalents₹153 cr2%
Other assets₹4,241 cr67%
Peer comparison
largest in Consumer Services · this company in bold| Company | Market cap ₹cr | Price | P/E | P/B | ROE |
|---|---|---|---|---|---|
| Eternal Ltd. | 3,34,461 | 363.15 | 678.4 | 10.69 | 1.6% |
| Avenue Supermarts Ltd. | 2,23,396 | 3,425.00 | 71.7 | 8.56 | 11.9% |
| Trent Ltd. | 1,64,172 | 3,079.00 | 86.6 | 21.13 | 24.4% |
| Indian Hotels Co. Ltd. | 1,26,398 | 888.00 | 57.2 | 9.27 | 16.2% |
| Lenskart Solutions Ltd. | 1,26,056 | 724.75 | 161.6 | 13.52 | 8.4% |
| Meesho Ltd. | 1,08,067 | 233.48 | — | 25.69 | -21.9% |
| FSN E-Commerce Ventures Ltd. | 1,01,110 | 353.00 | 313.5 | 61.10 | 19.5% |
| Info Edge (India) Ltd. | 77,285 | 1,191.90 | 43.8 | 1.67 | 3.8% |
| Swiggy Ltd. | 50,087 | 191.17 | — | 2.95 | -21.1% |
| Vishal Mega Mart Ltd. | 44,037 | 94.00 | 77.0 | 5.58 | 7.2% |
| Devyani International Ltd. | 15,862 | 128.65 | — | 10.27 | -0.4% |
StoxGud checklist: Neutral setup · 5/10
- Price above 50-day average
- Price above 200-day average
- 50-day average above 200-day (uptrend)
- RSI in healthy 40–70 zone
- Positive 1-year return
- Return on equity above 15%
- Debt to equity below 1
- Revenue growing year on year
- Net profit margin above 10%
- P/E below industry median
A rules-based screen of trend, momentum, quality and valuation. Educational only — not a buy or sell recommendation.
Returns & technicals
1 month-0.3%
6 months+8.2%
1 year-23.3%
3Y CAGR-12.2%
5Y CAGR-3.0%
10Y CAGR—
50-day avg₹130.42
200-day avg₹121.16
RSI (14)60
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FAQs
What is the share price of Devyani International Ltd.?
Devyani International Ltd. (DEVYANI) closed at ₹128.65 on NSE on 06 Nov 2026.
What is the market cap of Devyani International Ltd.?
₹15,862 crore at the latest close.
How fast is Devyani International Ltd. growing?
Devyani International Ltd.: revenue has compounded at 23.2% a year over three years. Latest-quarter revenue is up 10.4% year on year.
How profitable is Devyani International Ltd.?
On a trailing-twelve-month basis return on equity is -0.4%, return on capital employed 10.7%, operating margin 15.7%, net margin -0.1%.
How much debt does Devyani International Ltd. have?
Devyani International Ltd. is moderately geared: debt to equity is 0.64 with borrowings of ₹984 cr against cash of ₹153 cr (balance sheet of 2026-09-30). Operating profit covers interest 1.0 times.
Financials parsed from Devyani International Ltd.'s own XBRL filings to NSE (consolidated), ₹ crore unless marked. Quarterly from SEP '21, annual from FY22, balance sheet from Mar '21. * = derived (full year or half year minus earlier quarters). ‡ = balance sheet / cash flow read from the company's published annual report (same basis), for years before the NSE filings carry them; each one checked to add up. Information only, not investment advice.
Devyani International Ltd. · advanced chart