RBAConsumer Services

Restaurant Brands Asia Limited

Restaurants · ISIN INE07T201019 · BSE 543248 · NSE EQ · FV ₹10
Last price
₹90
+1.01%today
What this company does

Restaurant Brands Asia Limited operates in Restaurants, part of the Consumer Services sector. It booked ₹845 cr of revenue in its latest quarter (Q2 FY27) and kept -2.3% of sales as profit. It is the 5th largest of 9 Restaurants companies we track, by market value.

“Annual Report ® 2025-26 STATUTORY REPORTS FINANCIAL STATEMENTS SCALING WITH CONVICTION Dear Stakeholders, Growth expands the opportunity, but it also raises the bar on execution. In the QSR business, every new restaurant must strengthen the network, every guest interaction must reinforce trust and every growth decision must remain commercially sound over the long term.”
In the report:
35out of 100
Equitytale Health Score
Strained

Healthier than 35% of companies in Consumer Services, on all six measures of filed financials. Each measure is ranked against the 8–46 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
45

At close. Not part of the score.

Profitability & returns15

How much profit it earns on the money it employs

Balance sheet41

How much it owes, and whether earnings cover the interest

Cash quality40

Whether reported profit actually arrives as cash

Growth & consistency8

Whether sales and profit have grown, and how steadily

Valuation69

What today's price implies, against our models or its peers

Governance & risk56

How much of the promoters' stake is pledged, and how much they hold

Is this company doing well?
not investment advice
Some things to watch
Strengths
✓ Sales up 20% vs last year
✓ Promoters hold 42%
Watch-outs
! Currently loss-making
! Thin -2.3% net margin
! 40.0% of promoter stake pledged
! Low -4.6% return on equity

What if I invest in RBA?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 10% a year, it would become
₹20.15 lakh

The starting rate is a round number, not a view on this company — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹90▲ +1.01%
latest close · 2026-11-04
1-year return
-44.6%
52-wk low ₹6452-wk high ₹172
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/B ratio3.77High
Below bookModerateHigh
EV / EBITDA12.5Average
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity-4.6%Loss
WeakFairStrong ▸15%
Return on capital2.9%Weak
WeakFairStrong
Net margin-2.3%Loss
ThinDecentStrong
EBITDA margin15.6%Decent
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.15Comfortable
LowModerateHigh ▸1
Interest cover0.5×Risky
RiskyOkayStrong ▸5×
Current ratio1.51Healthy
Tight ◂1HealthyAmple
More figures
Market cap
₹6,384 cr
Book value
₹24
EPS
₹-0.29
latest quarter
Net debt
₹224 cr
owes more than its cash
Enterprise value
₹6,608 cr
EBITDA
₹528 cr
annualised
EBIT
₹105 cr
annualised
Operating margin
3.1%
Return on assets
-1.8%
Earnings yield
—
P/S
1.89
Sales / share
₹47.4
Tax rate
—
Face value
₹10
Shares
71.2 cr
Working capital
₹380 cr
Current assets
₹1,129 cr
Current liabilities
₹749 cr
Delivery %
45.3%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-11-04.

Worth vs price · from the FY 2026 report & filings
not investment advice
Hard to value confidentlyLow confidence
The company's latest annual profit was negative, so we won't call it cheap off older profits.

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q2 FY27 (consolidated)
Revenue from Operations₹845 cr
Other Income₹22 cr
Total Income₹867 cr
Cost of Materials₹269 cr
Purchases of Stock-in-Trade₹0 cr
Employee Benefit Expense₹136 cr
Finance Costs₹50 cr
Depreciation & Amortisation₹106 cr
Other Expenses₹330 cr
Total Expenses₹891 cr
Profit before Tax₹-24 cr
Tax Expense₹0 cr
Net Profit₹-24 cr
Net margin on total income-2.7%
Where the money goes · Q2 FY27
% of total spend
Materials + stock-in-trade₹269 cr30.2%
Employee benefit expense₹136 cr15.3%
Finance costs₹50 cr5.6%
Depreciation & amortisation₹106 cr11.9%
Other expenses₹330 cr37.0%
Total income ₹867 cr

The company made a net loss of ₹24 cr this quarter — income covered only ₹97 of every ₹100 it spent on costs and tax.

Quarterly results · consolidated (₹ cr)
MetricQ4 FY26Q1 FY27Q2 FY27
Revenue707 cr823 cr845 cr
Total income715 cr842 cr867 cr
Expenses762 cr875 cr891 cr
Profit before tax-47 cr-33 cr-24 cr
Tax0 cr0 cr0 cr
Net profit (owners' share)-43 cr-28 cr-20 cr
Net margin (owners' share, on revenue)-6.1%-3.4%-2.3%
EPS (₹)-0.73-0.45-0.29
YoY (latest quarter): total income +21.8% · net profit —
Balance sheet & cash flow · as of Sep 2026
Low debt
Total assets
₹4,331 cr
Shareholder equity
₹1,695 cr
parent shareholders
Total debt
₹246 cr
Cash
₹22 cr
Cash flow · H1 FY27
Operating
₹219 cr
Investing
₹-1,082 cr
Financing
₹843 cr
Peer comparison
Restaurants · by market value
CompanyPriceMarket capP/E
Jubilant Foodworks Limited₹422₹27,845 cr69.4
Travel Food Services Limited₹1,153₹15,177 cr30.0
Devyani International Limited₹118₹14,518 cr—
WESTLIFE FOODWORLD LIMITED₹605₹9,432 cr—
Restaurant Brands Asia Limitedthis company₹89₹6,320 cr—
Sapphire Foods India Limited₹195₹6,279 cr—
Coffee Day Enterprises Limited₹29₹3,313 cr183.3
United Foodbrands Limited₹573₹2,242 cr—
Speciality Restaurants Limited₹137₹661 cr23.6
Same industry · latest reported numbers · not a recommendation.
Who owns it · 2026-09-30
⚑ 40.0% pledged
Promoter
41.7%
FII / Foreign
8.4%
DII / Domestic
26.7%
Retail / others
23.2%
Promoter stake up 26.4% over the last 12 quarters.
Smart-money activity
Insider trades
SoldQSR ASIA PTE. LTD · Promoters1.07 cr · ₹112.8 cr18 Sep 24
SoldQSR ASIA PTE. LTD · Promoters12.54 cr · ₹1494.0 cr15 Sep 23
BoughtMr. Sameer Prakash Patel · Employees/Designated Employees70,982 · ₹37.5 L13 Apr 22
Bulk / block deals
SoldRAJASTHAN GLOBAL SECURITIES PVT LTD · NSE50.00 L @ ₹86.983 Nov 26
BoughtMONET SECURITIES PRIVATE LTD · NSE40.14 L @ ₹86.993 Nov 26
short— · NSE628 Oct 26
Stake changes
OthersICICI Prudential Life Insurance Company Limited→ 4.29%20 Jul 26
BoughtCTL Trusteeship Limited acting as Common Security Trustee for the benefit of the debenture trustee(s) of the Debentures and the respective Debenture holders→ 16.71% · 11.89 cr14 Jul 26
SoldQSR Asia pte Ltd · promoter→ 0.00% · 6.56 cr7 Jul 26
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Yearly shareholder meeting · 20 Aug 2026
See the official result
1
Adoption of Audited Standalone Financial Statements of the Company for the financial year ended March 31, 2026, together with the Report of the Board of Directors along with annexures and the Auditor’s thereon and Audited Consolidated Financial Statements of the Company for the financial year ended March 31, 2026, together with the Report of the Auditor’s thereon
Backed by 100% of shareholders other than promotersneeded 50%
15.44 cr votes for, 1,384 against · 0% of mutual funds and other big investors said no
2
Re-appointment of Mr. Rafael Odorizzi De Oliveira (DIN: 09492506), director liable to retire by rotation
Backed by 85% of shareholders other than promotersneeded 50%
15.64 cr votes for, 2.75 cr against · 16% of mutual funds and other big investors said no
3
Appointment of Mr. Madhusudan Bhagwandas Agrawal (DIN: 00073872) as a Non-Executive Non-Independent Director of the Company
Promoters had a personal stake in this
Backed by 100% of shareholders other than promotersneeded 50%
18.38 cr votes for, 1.30 L against · 0% of mutual funds and other big investors said no
4
Appointment of Mr. Aayush Madhusudan Agrawal (DIN: 03129764) as Non-Executive Non-Independent Director of the Company
Promoters had a personal stake in this
Backed by 100% of shareholders other than promotersneeded 50%
18.38 cr votes for, 1.30 L against · 0% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 43 named members
owning 41.7% between them · as of 2026-09-30
Lenexis Foodworks Private Limited41.73%
Aaryavansh Agrawalno shares
Aavyaan Agrawalno shares
Aayush Madhusudan Agrawalno shares
Aayush Madhusudan Agrawal Trustno shares
Anvaxx Laboratories LLPno shares
Arushi Agrawalno shares
Avant India Private Limitedno shares

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

Money it raised, and what it did with it

When a company raises money from investors, it has to say up front what the money is for. The rules then make it report, every three months until the money is gone, how much of each of those things it has actually paid for — so a promise made while asking for the money can be checked afterwards.

₹1,500 cr raised in Jun 2026 by selling shares to selected investors

As of Sep 2026, the company says it has spent 5% of what it set aside, leaving ₹1,431 cr still to be spent. India Ratings And Research Private Limited watches the spending on the exchange’s behalf.

Funding Capex Costs and expenditure requirements towards setting up / acquiring new Restaurants in India
0%
₹0 cr of ₹837 cr
Funding Capex Costs and expenditure towards refurbishment and remodeling of existing restaurants
0%
₹0 cr of ₹288 cr
General corporate purposes
18%
₹69 cr of ₹375 cr
Spent by quarter: 0% → 5% (to Sep 2026)
₹500 cr raised in Mar 2025 by selling shares to large investors

As of Sep 2026, the company says it has spent 100% of what it set aside, leaving ₹1 cr still to be spent. Investment information and credit rating agency (ICRA) watches the spending on the exchange’s behalf.

Prepayment and / or repayment, in full or in part, of all or a portion of certain of the outstanding borrowings availed by our Company
100%
₹72 cr of ₹72 cr
Funding capital expenditure requirements towards setting up new restaurants in India
100%
₹325 cr of ₹325 cr
General corporate purposes
originally ₹82 cr
budget changed
100%
₹83 cr of ₹83 cr
Issue Related Expense
95%
₹20 cr of ₹21 cr
Spent by quarter: 72% → 84% → 100% (to Sep 2026) · 2 earlier quarters are left out because the company restated its figures

Every figure above is taken from the statement the company files with the stock exchange each quarter, for as long as money it has raised remains unspent. The only thing we work out is how much of each stated purpose has been paid for — one number divided by another from the same filing. Whether a plan that changed was a good change is not something a filing can tell you. See the filing

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.