RBAConsumer Services

Restaurant Brands Asia Limited

Restaurants · ISIN INE07T201019 · BSE 543248 · NSE EQ · FV ₹10
Last price
₹96
+0.30%today
What this company does

Restaurant Brands Asia Limited operates in Restaurants, part of the Consumer Services sector. It booked ₹823 cr of revenue in its latest quarter (Q1 FY27) and kept -3.4% of sales as profit. It is the 6th 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:
27out of 100
Equitytale Health Score
Fragile

Healthier than 27% of companies in Consumer Services, on all six measures of filed financials. Each measure is ranked against the 25–46 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)
53

At close. Not part of the score.

Profitability & returns10

How much profit it earns on the money it employs

Balance sheet24

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

Valuation33

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

Governance & risk72

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 18% vs last year
No promoter shares pledged
Watch-outs
! Currently loss-making
! Thin -3.4% net margin
! Low -15.7% 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 We do not publish price targets or predict returns.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
₹96 +0.30%
latest close · 2026-09-17
1-year return
-43.5%
52-wk low ₹6452-wk high ₹176
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 ratio9.49High
Below bookModerateHigh
EV / EBITDA14.8Average
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity-15.7%Loss
WeakFairStrong ▸15%
Return on capital2.5%Weak
WeakFairStrong
Net margin-3.4%Loss
ThinDecentStrong
EBITDA margin14.6%Decent
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.39Comfortable
LowModerateHigh ▸1
Interest cover0.3×Risky
RiskyOkayStrong ▸5×
Current ratio0.50Tight
Tight ◂1HealthyAmple
More figures
Market cap
₹6,841 cr
Book value
₹10
EPS
₹-0.45
latest quarter
Net debt
₹239 cr
owes more than its cash
Enterprise value
₹7,080 cr
EBITDA
₹480 cr
annualised
EBIT
₹66 cr
annualised
Operating margin
2.0%
Return on assets
-3.4%
Earnings yield
P/S
2.08
Sales / share
₹46.2
Tax rate
Face value
₹10
Shares
71.2 cr
Working capital
₹-386 cr
Current assets
₹380 cr
Current liabilities
₹766 cr
Delivery %
42.4%
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 2026-09-17.

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 · Q1 FY27 (consolidated)
Revenue from Operations₹823 cr
Other Income₹20 cr
Total Income₹842 cr
Cost of Materials₹258 cr
Purchases of Stock-in-Trade₹0 cr
Employee Benefit Expense₹130 cr
Finance Costs₹49 cr
Depreciation & Amortisation₹104 cr
Other Expenses₹335 cr
Total Expenses₹875 cr
Profit before Tax₹-33 cr
Tax Expense₹0 cr
Net Profit₹-33 cr
Net margin on total income-3.9%
Where the money goes · Q1 FY27
% of total spend
Materials + stock-in-trade₹258 cr29.4%
Employee benefit expense₹130 cr14.9%
Finance costs₹49 cr5.7%
Depreciation & amortisation₹104 cr11.8%
Other expenses₹335 cr38.2%
Total income ₹842 cr

The company made a net loss of ₹33 cr this quarter — income covered only 96 of every ₹100 it spent on costs and tax.

Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue715 cr707 cr823 cr
Total income725 cr715 cr842 cr
Expenses771 cr762 cr875 cr
Profit before tax-48 cr-47 cr-33 cr
Tax0 cr0 cr0 cr
Net profit (owners' share)-44 cr-43 cr-28 cr
Net margin (owners' share, on revenue)-6.1%-6.1%-3.4%
EPS (₹)-0.75-0.73-0.45
YoY (latest quarter): total income +17.1% · net profit
Balance sheet & cash flow · as of Mar 2026
Low debt
Total assets
₹3,382 cr
Shareholder equity
₹721 cr
parent shareholders
Total debt
₹270 cr
Cash
₹31 cr
Cash flow · H1 FY26
Operating
₹160 cr
Investing
₹-453 cr
Financing
₹-225 cr
Peer comparison
Restaurants · by market value
CompanyPriceMarket capP/E
Jubilant Foodworks Limited₹480₹31,686 cr79.0
Devyani International Limited₹139₹17,077 cr288.6
Travel Food Services Limited₹1,232₹16,223 cr32.0
WESTLIFE FOODWORLD LIMITED₹549₹8,562 cr3,431.6
Sapphire Foods India Limited₹233₹7,496 cr132.5
Restaurant Brands Asia Limitedthis company₹96₹6,841 cr
Coffee Day Enterprises Limited₹31₹3,487 cr192.9
United Foodbrands Limited₹691₹2,700 cr218.6
Speciality Restaurants Limited₹139₹672 cr24.0
Same industry · latest reported numbers · not a recommendation.
Who owns it · 2026-06-30
No pledge
Promoter
9.2%
FII / Foreign
9.3%
DII / Domestic
39.6%
Retail / others
41.9%
Promoter stake down 6.2% 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
short · NSE615 Sep 26
short · NSE69 Sep 26
short · NSE63 Sep 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 — 2 named members
owning 9.2% between them · as of 2026-06-30
Qsr Asia Pte Ltd9.22%
F&B Asia Ventures (Singapore) Pte 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 Jun 2026, the company says it has spent 0% of what it set aside, leaving ₹1,500 cr still to be spent. India Ratings & 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
0%
₹0 cr of ₹375 cr
₹500 cr raised in Mar 2025 by selling shares to large investors

As of Jun 2026, the company says it has spent 84% of what it set aside, leaving ₹78 cr still to be spent. ICRA Limited 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
77%
₹252 cr of ₹325 cr
General corporate purposes
originally ₹82 cr
budget changed
96%
₹79 cr of ₹83 cr
Issue Related Expense
95%
₹20 cr of ₹21 cr
Spent by quarter: 72%84% (to Jun 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.