Devyani International Limited (DEVYANI) - Net Assets
Based on the latest financial reports, Devyani International Limited (DEVYANI) has net assets worth Rs19.58 Billion INR (≈ $211.80 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs62.07 Billion ≈ $671.22 Million USD) and total liabilities (Rs42.48 Billion ≈ $459.42 Million USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check DEVYANI asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Rs19.58 Billion |
| % of Total Assets | 31.55% |
| Annual Growth Rate | 46.28% |
| 5-Year Change | 1851.44% |
| 10-Year Change | N/A |
| Growth Volatility | 329.39 |
Devyani International Limited - Net Assets Trend (2017–2025)
This chart illustrates how Devyani International Limited's net assets have evolved over time, based on quarterly financial data. Also explore balance sheet size of Devyani International Limited for the complete picture of this company's asset base.
Annual Net Assets for Devyani International Limited (2017–2025)
The table below shows the annual net assets of Devyani International Limited from 2017 to 2025. For live valuation and market cap data, see Devyani International Limited market cap and net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | Rs14.02 Billion ≈ $151.65 Million |
+3.98% |
| 2024-03-31 | Rs13.49 Billion ≈ $145.84 Million |
+39.87% |
| 2023-03-31 | Rs9.64 Billion ≈ $104.27 Million |
+41.47% |
| 2022-03-31 | Rs6.82 Billion ≈ $73.71 Million |
+848.48% |
| 2021-03-31 | Rs718.58 Million ≈ $7.77 Million |
+132.73% |
| 2020-03-31 | Rs-2.20 Billion ≈ $-23.74 Million |
-151.28% |
| 2019-03-31 | Rs-873.68 Million ≈ $-9.45 Million |
-182.80% |
| 2018-03-31 | Rs1.06 Billion ≈ $11.41 Million |
+57.76% |
| 2017-03-31 | Rs668.85 Million ≈ $7.23 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Devyani International Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 97602000000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | Rs1.21 Billion | 11.02% |
| Other Comprehensive Income | Rs1.63 Billion | 14.85% |
| Other Components | Rs12.53 Billion | 114.50% |
| Total Equity | Rs10.94 Billion | 100.00% |
Devyani International Limited Competitors by Market Cap
The table below lists competitors of Devyani International Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Snowsky Salt Industry Group Co Ltd
SHG:600929
|
$1.66 Billion |
|
Qinchuan Machine Tool & Tool Group Share Co Ltd
SHE:000837
|
$1.66 Billion |
|
Corporate Travel Management Ltd
AU:CTD
|
$1.66 Billion |
|
China Sports Industry Group Co Ltd
SHG:600158
|
$1.66 Billion |
|
Shriram Pistons & Rings Limited
NSE:SHRIPISTON
|
$1.66 Billion |
|
Chengdu Easton Biopharmaceuticals Co Ltd
SHG:688513
|
$1.66 Billion |
|
Sionna Therapeutics, Inc. Common Stock
NASDAQ:SION
|
$1.66 Billion |
|
Zhejiang CONBA Pharmaceutical Co Ltd
SHG:600572
|
$1.66 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Devyani International Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 10,557,630,000 to 10,944,060,000, a change of 386,430,000 (3.7%).
- Net income of 91,490,000 contributed positively to equity growth.
- New share issuances of 9,550,000 increased equity.
- Other comprehensive income increased equity by 225,730,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Rs91.49 Million | +0.84% |
| Share Issuances | Rs9.55 Million | +0.09% |
| Other Comprehensive Income | Rs225.73 Million | +2.06% |
| Other Changes | Rs59.66 Million | +0.55% |
| Total Change | Rs- | 3.66% |
Book Value vs Market Value Analysis
This analysis compares Devyani International Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 13.03x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 165.09x to 13.03x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-03-31 | Rs0.76 | Rs124.73 | x |
| 2018-03-31 | Rs1.21 | Rs124.73 | x |
| 2019-03-31 | Rs-0.30 | Rs124.73 | x |
| 2020-03-31 | Rs-1.70 | Rs124.73 | x |
| 2021-03-31 | Rs1.03 | Rs124.73 | x |
| 2022-03-31 | Rs5.78 | Rs124.73 | x |
| 2023-03-31 | Rs8.03 | Rs124.73 | x |
| 2024-03-31 | Rs8.74 | Rs124.73 | x |
| 2025-03-31 | Rs9.57 | Rs124.73 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Devyani International Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 0.84%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.19%
- • Asset Turnover: 0.92x
- • Equity Multiplier: 4.88x
- Recent ROE (0.84%) is above the historical average (-10.87%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | -137.77% | -11.46% | 1.76x | 6.84x | Rs-1.29 Billion |
| 2018 | 33.04% | 4.14% | 1.53x | 5.23x | Rs320.57 Million |
| 2019 | 0.00% | -4.85% | 0.74x | 0.00x | Rs-755.85 Million |
| 2020 | 0.00% | -5.85% | 0.83x | 0.00x | Rs-884.83 Million |
| 2021 | -48.52% | -4.86% | 0.68x | 14.66x | Rs-665.85 Million |
| 2022 | 22.78% | 7.50% | 0.92x | 3.30x | Rs877.06 Million |
| 2023 | 27.31% | 8.91% | 1.00x | 3.08x | Rs1.68 Billion |
| 2024 | 4.48% | 1.34% | 0.72x | 4.67x | Rs-583.13 Million |
| 2025 | 0.84% | 0.19% | 0.92x | 4.88x | Rs-1.00 Billion |
Industry Comparison
This section compares Devyani International Limited's net assets metrics with peer companies in the Restaurants industry.
Industry Context
- Industry: Restaurants
- Average net assets among peers: $11,393,835,501
- Average return on equity (ROE) among peers: 5.93%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Devyani International Limited (DEVYANI) | Rs19.58 Billion | -137.77% | 2.17x | $1.66 Billion |
| Barbeque Nation Hospitality Limited (BARBEQUE) | $1.23 Billion | 4.77% | 0.92x | $84.54 Million |
| Coffee Day Enterprises Limited (COFFEEDAY) | $49.38 Billion | 38.15% | 0.93x | $60.31 Million |
| Dangee Dums Limited (DANGEE) | $-29.05 Million | 0.00% | 0.00x | $5.96 Million |
| Jubilant Foodworks Limited (JUBLFOOD) | $21.83 Billion | 9.66% | 2.91x | $3.40 Billion |
| Restaurant Brands Asia Limited (RBA) | $6.29 Billion | -34.66% | 3.31x | $411.96 Million |
| Sapphire Foods India Limited (SAPPHIRE) | $10.05 Billion | 4.62% | 1.15x | $714.63 Million |
| Speciality Restaurants Limited (SPECIALITY) | $2.28 Billion | -20.52% | 0.28x | $54.15 Million |
| WESTLIFE FOODWORLD LIMITED (WESTLIFE) | $120.91 Million | 45.43% | 0.01x | $798.76 Million |
About Devyani International Limited
Devyani International Limited develops, manages, and operates quick service restaurants and food courts in India, Nepal, Nigeria, Thailand, and internationally. It operates outlets under the KFC, Pizza Hut, Costa Coffee, Vaango and other brands. The company was incorporated in 1991 and is based in Gurugram, India. Devyani International Limited is a subsidiary of RJ Corp Limited.