рднрд╛рд░рдд рдореЗрдВ рдлрд╛рд╕реНрдЯ-рдлреВрдб рдЪреЗрди рдЕрдм рдХрдо рдХреАрдорддреЛрдВ рдФрд░ рд╕реНрдерд╛рдиреАрдп рдореЗрдиреНрдпреВ рд╕реЗ рдЖрдЧреЗ рдмрдврд╝рдХрд░ рдкреНрд░реАрдорд┐рдпрдо рд╕рд╛рдордЧреНрд░реА рдФрд░ рд╢рд╛рдирджрд╛рд░ рдСрдкреНрд╢рдиреНрд╕ рдЕрдкрдирд╛ рд░рд╣реА рд╣реИрдВред рдЗрд╕ рд╕реНрдЯреНрд░реЗрдЯреЗрдЬрд┐рдХ рдмрджрд▓рд╛рд╡ рдХрд╛ рдордХрд╕рдж рдКрдВрдЪреА рдкреНрд░реЙрдлрд┐рдЯ рдорд╛рд░реНрдЬрд┐рди рд╣рд╛рд╕рд┐рд▓ рдХрд░рдирд╛, рдЬреНрдпрд╛рджрд╛ рд╕рдордЭрджрд╛рд░ рдЧреНрд░рд╛рд╣рдХреЛрдВ рдХреЛ рд▓реБрднрд╛рдирд╛ рдФрд░ рдореМрдЬреВрджрд╛ рдЧреНрд░рд╛рд╣рдХреЛрдВ рдХреЛ рдЕрдкрд╕реЗрд▓ рдХрд░рдирд╛ рд╣реИред рдбреЛрдорд┐рдиреЛрдЬрд╝ (рдЕрдкрдиреЗ рд╕реЙрд╡рд░рдбреЛ рдкрд┐рдЬреНрдЬрд╛ рдХреЗ рд╕рд╛рде) рдФрд░ рдкрд╛рдкрд╛ рдЬреЙрди'рд╕ рдЬреИрд╕реЗ рдмрдбрд╝реЗ рдкреНрд▓реЗрдпрд░реНрд╕ рдЗрд╕ рдЗрд╡реЛрд▓реНрдпреВрд╢рди рдХреЛ рд▓реАрдб рдХрд░ рд░рд╣реЗ рд╣реИрдВ, рдЬреЛ рднрд╛рд░рддреАрдп рдлреВрдб рд╕рд░реНрд╡рд┐рд╕реЗрдЬ рдорд╛рд░реНрдХреЗрдЯ рдХреЗ рдмрдврд╝рддреЗ рд╡рд┐рд╕реНрддрд╛рд░ рдореЗрдВ рдХреНрд╡рд╛рд▓рд┐рдЯреА рдФрд░ рдЕрд▓рдЧ рдЕрдиреБрднрд╡реЛрдВ рдХреА рдмрдврд╝рддреА рдорд╛рдВрдЧ рдХреЛ рдкреВрд░рд╛ рдХрд░ рд░рд╣реЗ рд╣реИрдВред
Westlife Development Limited (WDL) focuses on establishing and operating McDonaldтАЩs restaurants across West and South India, through its wholly owned subsidiary Hardcastle Restaurants Pvt Ltd (HRPL).[1]Today, It manages 319 McDonalds restaurants and 223 McCaf├й outlets in West and South India in easily accessible and popular locations like malls, high-streets, shopping complexes and residential areasтАЩ after outlet presence. It employees close to 10,000 employees.[2]
History of Hardcastle RestaurantsHardcastle Restaurants Pvt Ltd was established as a joint venture with McDonaldтАЩs Corporation, USA in 1995. Mcdonald's Corporation exited the Joint Venture in 2011 after selling its 50% stake to HRPL. It is now the master franchisee of McDonaldтАЩs under an agreement of 2010. The agreement grants HRPL authority to provide initial capital for the business, with operational and technical business support from McDonaldтАЩs Corporation.[1]
| S.No. | Name | Current Price (Rs.) | Price to Earning | Market Capitalization (Rs.Cr.) | Dividend yield (%) | Net Profit latest quarter (Rs.Cr.) | YOY Quarterly profit growth (%) | Sales latest quarter (Rs.Cr.) | YOY Quarterly sales growth (%) | Return on capital employed (%) | Sales (Rs.Cr.) | OPM (%) | Profit after tax (Rs.Cr.) | Profit after tax latest quarter (Rs.Cr.) | Price to book value | Return on assets (%) | Debt to equity |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1. | Jubilant Food. | 589.05 | 129.61 | 38838.62 | 0.20 | 194.60 | 52.58 | 2340.15 | 19.72 | 13.08 | 8854.95 | 19.25 | 299.66 | 105.06 | 17.93 | 2.77 | 2.11 |
| 2. | Devyani Intl. | 144.29 | тАУ | 17791.53 | 0.00 | -23.95 | -98719.25 | 1376.75 | 12.65 | 6.42 | 5240.71 | 15.21 | -31.07 | -19.72 | 11.45 | -0.20 | 2.15 |
| 3. | Travel Food | 1349.70 | 50.62 | 17773.45 | 0.00 | 97.90 | -10.62 | 355.89 | -28.88 | 41.69 | 1687.74 | 32.83 | 362.47 | 95.77 | 15.00 | 21.49 | 0.24 |
| 4. | Westlife Food | 550.05 | 551.09 | 8574.93 | 0.14 | -0.13 | 38.10 | 0.29 | 7.41 | -0.08 | 15.57 | 90.82 | 15.56 | -0.13 | 16.84 | 0.18 | 0.00 |
| 5. | Sapphire Foods | 255.00 | 3796.80 | 8199.97 | 0.00 | -12.79 | -631.69 | 742.44 | 6.72 | 5.76 | 2987.15 | 15.25 | 2.16 | -12.77 | 5.89 | 0.86 | 0.99 |
| 6. | Spice LoungeFood | 68.80 | 951.63 | 4796.20 | 0.00 | 0.06 | 20.00 | 0.49 | 345.45 | тАУ | 88.14 | 12.54 | 5.04 | 0.06 | 43.20 | тАУ | 1.03 |
| 7. | Restaurant Brand | 61.78 | тАУ | 3600.33 | 0.00 | -63.33 | 2.61 | 703.43 | 11.23 | -3.01 | 2672.76 | 10.72 | -207.22 | -58.60 | 4.48 | -7.55 | 2.23 |
| тАУ | Median: 11 Co. | 144.29 | 340.35 | 4796.2 | 0.0 | -0.13 | 2.61 | 304.76 | 11.23 | 5.17 | 1223.4 | 15.25 | 2.16 | -0.13 | 5.89 | -0.01 | 1.03 |
Standalone figures in тВ╣ crores
| Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Sales | 0.14 | 0.20 | 0.22 | 61.85 | 0.21 | 0.22 | 0.26 | 0.23 | 0.27 | 0.24 | 0.29 | 14.75 | 0.29 |
Expenses | 0.33 | 0.26 | 0.39 | 0.42 | 0.39 | 0.38 | 1.01 | 0.35 | 0.51 | 0.41 | 0.34 | 0.25 | 0.43 |
Operating Profit | -0.19 | -0.06 | -0.17 | 61.43 | -0.18 | -0.16 | -0.75 | -0.12 | -0.24 | -0.17 | -0.05 | 14.50 | -0.14 |
Other Income | 0.00 | 0.00 | 0.00 | 0.00 | 0.26 | 0.08 | 0.06 | 0.05 | 0.03 | 0.03 | 0.10 | 0.02 | 0.01 |
Profit before tax | -0.19 | -0.06 | -0.33 | 61.38 | 0.05 | -0.08 | -0.69 | -0.07 | -0.21 | -0.14 | 0.05 | 14.52 | -0.13 |
Tax % | 0.00% | 0.00% | 0.00% | 2.56% | 100.00% | 0.00% | -11.59% | 0.00% | 0.00% | 0.00% | -2,540.00% | 0.00% | 0.00% |
Net Profit | -0.19 | -0.06 | -0.33 | 59.81 | -0.01 | -0.08 | -0.60 | -0.07 | -0.21 | -0.14 | 1.31 | 14.52 | -0.13 |
EPS in Rs | -0.01 | -0.00 | -0.02 | 3.84 | -0.00 | -0.01 | -0.04 | -0.00 | -0.01 | -0.01 | 0.08 | 0.93 | -0.01 |
Standalone Figures in тВ╣ Crores / Yearly
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Sales | 2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 63 | 1 | 16 |
Expenses | 3 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 1 |
Operating Profit | -1 | -0 | -0 | -0 | -1 | -0 | -0 | -0 | -0 | -1 | 60 | -1 | 14 |
Other Income | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Profit before tax | -0 | -0 | -0 | -0 | -1 | -0 | -0 | -0 | -0 | -1 | 61 | -0 | 14 |
Net Profit | 0 | -0 | -0 | -0 | -1 | -0 | -0 | -0 | -0 | -1 | 59 | 1 | 16 |
EPS in Rs | 0.01 | -0.01 | -0.03 | -0.02 | -0.03 | -0.02 | -0.02 | -0.03 | -0.03 | -0.05 | 3.79 | 0.06 | 0.99 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | -7,271% | 91% | 1,314% | тАУ |
Standalone figures in тВ╣ crores
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 31 | 31 | 31 | 31 | 31 | 31 | 31 | 31 | 31 | 31 | 31 | 31 | 31 |
Reserves | 444 | 446 | 447 | 448 | 450 | 451 | 452 | 455 | 457 | 454 | 467 | 473 | 478 |
Borrowings | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2 | 0 | 0 | 0 |
Other Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 |
Total Liabilities | 476 | 477 | 478 | 480 | 481 | 482 | 483 | 486 | 489 | 488 | 499 | 505 | 510 |
Fixed Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Gross Block | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.00 | 0.01 | 0.00 | 0.00 | тАУ |
Accumulated Depreciation | 0.01 | 0.01 | 0.01 | 0.01 | 0.00 | 0.00 | 0.00 | 0.01 | 0.00 | 0.01 | 0.00 | 0.00 | тАУ |
CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Investments | 62 | 62 | 62 | 475 | 475 | 476 | 477 | 479 | 481 | 482 | 490 | 497 | 499 |
Other Assets | 414 | 415 | 416 | 5 | 6 | 5 | 6 | 7 | 7 | 6 | 9 | 8 | 10 |
Total Assets | 476 | 477 | 478 | 480 | 481 | 482 | 483 | 486 | 489 | 488 | 499 | 505 | 510 |
Standalone Figures in тВ╣ Crores / Yearly
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Cash from Operating Activity | 1 | -0 | -0 | 0 | -0 | -0 | -0 | 0 | -1 | -1 | 58 | -2 |
Cash from Investing Activity | -189 | 0 | 0 | -0 | -0 | 0 | -1 | -2 | -2 | 0 | -2 | 2 |
Cash from Financing Activity | 177 | 0 | 0 | 0 | 0 | 0 | 1 | 3 | 2 | -0 | -56 | 0 |
Net Cash Flow | -12 | 0 | 0 | 0 | -0 | 0 | 0 | 1 | -0 | -1 | -0 | -0 |
Standalone Figures in тВ╣ Crores / Yearly
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 0 | 0 | 0 | 0 | тАУ | 4,372 | 4,103 | 4,524 | 438 | 0 | 1 | 0 |
Inventory Days | 0 | 0 | 0 | 0 | тАУ | тАУ | тАУ | тАУ | тАУ | тАУ | тАУ | тАУ |
Days Payable | тАУ | тАУ | тАУ | тАУ | тАУ | тАУ | тАУ | тАУ | тАУ | тАУ | тАУ | тАУ |
Cash Conversion Cycle | 0 | 0 | 0 | 0 | тАУ | 4,372 | 4,103 | 4,524 | 438 | 0 | 1 | 0 |
Working Capital Days | 76 | 2,341 | 3,497 | 7,428 | тАУ | 4,339 | 4,066 | 4,482 | 4,842 | 1,970 | 45 | 2,201 |
ROCE % | -0% | -0% | -0% | -0% | -0% | -0% | -0% | -0% | -0% | -0% | 12% | -0% |
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