Devyani International Valuation
Is DEVYANI undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score
2/6Valuation Score 2/6
Below Fair Value
Significantly Below Fair Value
Price-To-Sales vs Peers
Price-To-Sales vs Industry
Price-To-Sales vs Fair Ratio
Analyst Forecast
Share Price vs Fair Value
What is the Fair Price of DEVYANI when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: DEVYANI (₹161.2) is trading above our estimate of fair value (₹96.4)
Significantly Below Fair Value: DEVYANI is trading above our estimate of fair value.
Key Valuation Metric
Which metric is best to use when looking at relative valuation for DEVYANI?
Key metric: As DEVYANI is barely profitable we use its Price-To-Sales Ratio for relative valuation analysis.
| What is DEVYANI's PS Ratio? | |
|---|---|
| PS Ratio | 4.5x |
| Sales | ₹43.34b |
| Market Cap | ₹196.11b |
| Key Statistics | |
|---|---|
| Enterprise Value/Revenue | 5.3x |
| Enterprise Value/EBITDA | 39.5x |
| PEG Ratio | 9.2x |
Price to Sales Ratio vs Peers
How does DEVYANI's PS Ratio compare to its peers?
| Company | Forward PS | Estimated Growth | Market Cap |
|---|---|---|---|
| Peer Average | 3.9x | ||
505533 Westlife Foodworld | 4.6x | 13.4% | ₹112.9b |
SAPPHIRE Sapphire Foods India | 3.6x | 14.8% | ₹98.1b |
JUBLFOOD Jubilant FoodWorks | 5.9x | 14.2% | ₹403.1b |
RBA Restaurant Brands Asia | 1.6x | 16.5% | ₹39.3b |
DEVYANI Devyani International | 4.5x | 14.9% | ₹196.1b |
Price-To-Sales vs Peers: DEVYANI is expensive based on its Price-To-Sales Ratio (4.5x) compared to the peer average (3.9x).
Price to Sales Ratio vs Industry
How does DEVYANI's PS Ratio compare vs other companies in the IN Hospitality Industry?
| 4 Companies | Price / Sales | Estimated Growth | Market Cap |
|---|---|---|---|
COFFEEDAY Coffee Day Enterprises | 0.6x | n/a | US$77.18m |
509953 Trade Wings | 0.3x | n/a | US$1.81m |
543541 Sailani Tours N Travels | 0.6x | n/a | US$1.06m |
526795 Mahasagar Travels | 0.1x | n/a | US$549.45k |
| 4 Companies | Estimated Growth | Market Cap |
|---|
Price-To-Sales vs Industry: DEVYANI is good value based on its Price-To-Sales Ratio (4.5x) compared to the Indian Hospitality industry average (4.7x).
Price to Sales Ratio vs Fair Ratio
What is DEVYANI's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
| Fair Ratio | |
|---|---|
| Current PS Ratio | 4.5x |
| Fair PS Ratio | 6.3x |
Price-To-Sales vs Fair Ratio: DEVYANI is good value based on its Price-To-Sales Ratio (4.5x) compared to the estimated Fair Price-To-Sales Ratio (6.3x).
Analyst Price Targets
What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?
| Date | Share Price | Average 1Y Price Target | Dispersion | High | Low | 1Y Actual price | Analysts |
|---|---|---|---|---|---|---|---|
| Current | ₹161.20 | ₹183.57 +13.9% | 10.7% | ₹215.00 | ₹147.00 | n/a | 23 |
| Nov ’25 | ₹170.97 | ₹191.82 +12.2% | 11.3% | ₹222.00 | ₹149.00 | n/a | 22 |
| Oct ’25 | ₹192.93 | ₹189.09 -2.0% | 10.5% | ₹222.00 | ₹149.00 | n/a | 22 |
| Sep ’25 | ₹175.91 | ₹188.96 +7.4% | 10.3% | ₹222.00 | ₹149.00 | n/a | 23 |
| Aug ’25 | ₹174.11 | ₹176.36 +1.3% | 11.5% | ₹222.00 | ₹145.00 | n/a | 22 |
| Jul ’25 | ₹166.88 | ₹176.70 +5.9% | 10.9% | ₹222.00 | ₹145.00 | n/a | 20 |
| Jun ’25 | ₹154.00 | ₹174.95 +13.6% | 9.5% | ₹212.00 | ₹145.00 | n/a | 21 |
| May ’25 | ₹166.35 | ₹185.60 +11.6% | 12.6% | ₹225.00 | ₹125.00 | n/a | 20 |
| Apr ’25 | ₹155.30 | ₹185.42 +19.4% | 13.4% | ₹227.00 | ₹120.00 | n/a | 19 |
| Mar ’25 | ₹154.40 | ₹185.44 +20.1% | 13.8% | ₹227.00 | ₹120.00 | n/a | 18 |
| Feb ’25 | ₹177.85 | ₹208.39 +17.2% | 9.8% | ₹245.00 | ₹160.00 | n/a | 18 |
| Jan ’25 | ₹191.75 | ₹207.11 +8.0% | 9.0% | ₹230.00 | ₹165.00 | n/a | 18 |
| Dec ’24 | ₹175.10 | ₹204.67 +16.9% | 9.9% | ₹230.00 | ₹165.00 | n/a | 18 |
| Nov ’24 | ₹184.05 | ₹209.41 +13.8% | 12.3% | ₹252.00 | ₹158.00 | ₹170.97 | 17 |
| Oct ’24 | ₹214.35 | ₹204.94 -4.4% | 11.1% | ₹252.00 | ₹158.00 | ₹192.93 | 17 |
| Sep ’24 | ₹197.05 | ₹202.72 +2.9% | 9.5% | ₹235.00 | ₹158.00 | ₹175.91 | 18 |
| Aug ’24 | ₹193.95 | ₹196.44 +1.3% | 11.2% | ₹239.00 | ₹156.00 | ₹174.11 | 18 |
| Jul ’24 | ₹188.35 | ₹193.59 +2.8% | 11.5% | ₹239.00 | ₹156.00 | ₹166.88 | 17 |
| Jun ’24 | ₹185.10 | ₹193.59 +4.6% | 11.5% | ₹239.00 | ₹156.00 | ₹154.00 | 17 |
| May ’24 | ₹161.40 | ₹187.12 +15.9% | 12.9% | ₹237.00 | ₹145.00 | ₹166.35 | 17 |
| Apr ’24 | ₹144.65 | ₹191.64 +32.5% | 13.8% | ₹239.00 | ₹145.00 | ₹155.30 | 14 |
| Mar ’24 | ₹151.05 | ₹189.29 +25.3% | 17.3% | ₹239.00 | ₹102.00 | ₹154.40 | 14 |
| Feb ’24 | ₹150.00 | ₹201.85 +34.6% | 18.3% | ₹241.00 | ₹102.00 | ₹177.85 | 13 |
| Jan ’24 | ₹180.75 | ₹205.58 +13.7% | 17.4% | ₹241.00 | ₹102.00 | ₹191.75 | 12 |
| Dec ’23 | ₹188.45 | ₹207.08 +9.9% | 16.8% | ₹241.00 | ₹102.00 | ₹175.10 | 12 |
| Nov ’23 | ₹194.35 | ₹208.27 +7.2% | 17.8% | ₹235.00 | ₹102.00 | ₹184.05 | 11 |
Analyst Forecast: Target price is less than 20% higher than the current share price.