Devyani International Ltd. AI Stock Analysis
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Devyani International Ltd. (DEVYANI) AI Stock Analysis
Devyani International Ltd.
(NSE:DEVYANI)
The score is primarily held back by pressured profitability (net loss and margin compression) combined with a leveraged balance sheet, despite solid revenue growth and improved free cash flow. Technical indicators are mixed/neutral, and valuation is unattractive due to the negative P/E and lack of dividend yield data.
Devyani International Ltd. (DEVYANI) vs. iShares MSCI India ETF (INDA)
- Market Cap
- INR 162.25B
- Dividend Yield
- ―
- Average Volume (3M)
- 183.76K
- Price to Earnings (P/E)
- -2851.6
- Beta (1Y)
- 1.19
- Revenue Growth
- 14.06%
- EPS Growth
- 82.15%
- Country
- India
- Employees
- 15,955
- Sector
- General
- Sector Strength
- 55
- Industry
- Restaurants
Devyani International Ltd. Business Overview & Revenue Model
Company Description
Devyani International Limited (DIL) is a prominent operator of franchised quick-service dining establishments across India, Nepal, and Nigeria. Its business operations are segmented into three main areas: the Core Brands, which encompass KFC, Pizza H...
How the Company Makes Money
Devyani International makes money mainly by operating QSR restaurants and generating sales to end customers. Its core revenue model is outlet-level retail: customers purchase food and beverages (dine-in, takeaway, delivery), and the company recognize...
Devyani International Ltd. Financial Statement Overview
Summary
Strong revenue scaling and improved free cash flow are positives, but they are offset by 2026 margin compression, a return to net loss, and a debt-heavy balance sheet (rising debt and elevated debt-to-equity), which increases sensitivity to ongoing profitability pressure.
Income Statement
58NeutralBalance Sheet
42NeutralCash Flow
67Positive| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 58.35B | 56.11B | 49.21B | 35.32B | 29.73B | 20.64B |
| Gross Profit | 28.10B | 23.56B | 23.73B | 17.60B | 15.48B | 10.83B |
| EBITDA | 9.27B | 8.73B | 8.47B | 5.75B | 6.65B | 4.67B |
| Net Income | -276.72M | -386.31M | 91.49M | 472.63M | 2.65B | 1.56B |
Balance Sheet | ||||||
| Total Assets | 0 | 67.50B | 53.39B | 49.32B | 29.85B | 22.63B |
| Cash, Cash Equivalents and Short-Term Investments | 4.95B | 4.95B | 1.81B | 1.91B | 841.07M | 1.50B |
| Total Debt | 0 | 38.33B | 31.88B | 29.06B | 15.65B | 12.54B |
| Total Liabilities | -18.85B | 48.65B | 39.36B | 35.84B | 20.21B | 15.81B |
| Stockholders Equity | 18.85B | 15.42B | 10.94B | 10.56B | 9.70B | 6.86B |
Cash Flow | ||||||
| Free Cash Flow | 2.20B | 4.11B | 4.09B | 1.14B | 2.00B | 1.44B |
| Operating Cash Flow | 4.01B | 8.70B | 9.00B | 5.92B | 6.37B | 4.51B |
| Investing Cash Flow | -2.22B | -5.01B | -4.62B | -15.51B | -3.50B | -3.75B |
| Financing Cash Flow | -2.25B | -864.59M | -4.25B | 8.89B | -2.83B | -583.51M |
Devyani International Ltd. Technical Analysis
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:DEVYANI, the sentiment is Positive. The current price of 130.05 is above the 20-day moving average (MA) of 121.68, above the 50-day MA of 129.67, and above the 200-day MA of 121.12, indicating a bullish trend. The MACD of -0.33 indicates Negative momentum. The RSI at 61.21 is Neutral, neither overbought nor oversold. The STOCH value of 81.64 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:DEVYANI.
Devyani International Ltd. Peers Comparison
Overall Rating
IN:COFFEEDAY75Outperform
IN:JUBLFOOD68Neutral
IN:WESTLIFE61Neutral
IN:SAPPHIRE52Neutral- IN:DEVYANI50Neutral
IN:RBA45Neutral
Financial Indicators
| Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| IN:COFFEEDAY | 75Outperform | INR 6.49B | 2.88 | ― | ― | 5.26% | ― |
| IN:JUBLFOOD | 68Neutral | INR 283.01B | 79.36 | ― | 0.28% | 14.22% | -3.50% |
| IN:WESTLIFE | 61Neutral | INR 105.05B | 5454.62 | ― | 0.06% | 9.87% | -94.82% |
| Sector * | 55Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
| IN:SAPPHIRE | 52Neutral | INR 66.98B | -1502.18 | ― | ― | 13.32% | -534.03% |
| IN:DEVYANI | 50Neutral | INR 156.15B | -2851.62 | ― | ― | 14.06% | 82.15% |
| IN:RBA | 45Neutral | INR 63.18B | -39.68 | ― | ― | 15.57% | 40.35% |
* General Sector Average
Performance Comparison
| Show on chart | Ticker | Company Name | Price | Change | % Change |
|---|---|---|---|---|---|
| IN:DEVYANI | Devyani International Ltd. | 130.05 | -7.95 | -5.76% | |
| IN:COFFEEDAY | Coffee Day Enterprises Ltd | 30.58 | -7.56 | -19.82% | |
| IN:JUBLFOOD | Jubilant Foodworks Limited | 440.00 | -173.55 | -28.29% | |
| IN:RBA | Restaurant Brands Asia Limited | 89.89 | 26.85 | 42.59% | |
| IN:SAPPHIRE | Sapphire Foods India Ltd. | 216.50 | -29.70 | -12.06% | |
| IN:WESTLIFE | Westlife Foodworld Limited | 653.65 | 105.33 | 19.21% |
Devyani International Ltd. Corporate Events
Devyani International Returns to Profit as Revenue Rises
Devyani International’s board approved unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2026. Consolidated revenue rose to INR 15,194.25 million in the quarter from INR 13,767.51 million a year...
CCI clears Devyani International’s merger with Sapphire Foods
Devyani International Ltd. has received approval from the Competition Commission of India for its proposed Scheme of Arrangement involving the merger of Sapphire Foods India Ltd. into Devyani, along with their respective shareholders. This approval f...
Devyani International Secures Voluntary ESG Rating of 64
Devyani International Ltd. has received an environmental, social, and governance score of 64 from NSE Sustainability Ratings and Analytics Ltd., assigned on a voluntary basis. The rating has been published on the company’s website, underscoring its g...
Devyani International to Join Jefferies India Forum in Investor Outreach Effort
Devyani International Ltd. has notified the exchanges that its representatives will participate in the Jefferies 5th India Forum on September 17, 2026, in Gurugram, attending in person as part of a group meeting format. This engagement underscores th...
Devyani revamps Sapphire Foods merger terms as secondary sale scrapped
Devyani International Ltd. has updated its planned amalgamation with Sapphire Foods India Ltd., confirming that the previously agreed secondary sale of an 18.5% stake in Sapphire by Sapphire Foods Mauritius Ltd. to Arctic International Pvt. Ltd. has...
Devyani amends Sapphire Foods merger terms after secondary sale collapse
Devyani International Ltd. has amended its previously approved merger scheme with Sapphire Foods India Ltd. after the mutual termination of a share purchase agreement between Sapphire Foods Mauritius Ltd. and group company Arctic International Pvt. L...
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.
Date of analysis: Nov 06, 2026