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Restaurant Brands Asia Ltd (RBA)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 543248 NSE: RBA Restaurants | Small Cap | Restau. Brands Asia Share Price

₹68.69 0.17 (0.25%)

As on 05-Jun'26 16:59

Restaurant Brands Asia Ltd (RBA)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 543248 NSE: RBA Restaurants | Small Cap | Restau. Brands Asia Share Price

₹68.69 0.17 (0.25%)

As on 05-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹4,875 Cr.
Current Price
₹68.7
52-Week Low / High
₹57 / 88
TTM EPS
₹-2.2
TTM Sales
₹2,272 Cr.
Book Value per Share
₹42.3
P/E Ratio
0.00
Industry PE
43.1
Price to Book (P/B)
1.62
Lower than its 5-year historical median
Price to Sales (P/S)
2.15
Lower than its 5-year historical median
EV/EBITDA
11.94
Lower than its 5-year historical median
Dividend Yield
0.00%
Profitability Efficiency
Return on Equity (ROE)
-4.32%
Underperforms industry median
Return on Capital Employed (ROCE)
2.53%
Underperforms industry median
Return on Assets (ROA)
-2.28%
Operating Profit Margin
14.6%
Net Profit Margin
-4.45%
Gross Profit Margin
8.5%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
11.8%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
19.58%
Net Profit Growth (1 Year)
-
-
Asset Quality
Promoter Holding
11.26%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹2,298 Cr.
Equity
₹711.5 Cr.
Face Value
₹10
All Time Low / High
₹57.16 / 219.15

Restaurant Brands Asia stock performance

Key Ratios
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Quality

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Valuation

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Price Trend

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Q.1 Is Restaurant Brands Asia Ltd a good quality company?
Restaurant Brands Asia Ltd is a weak quality company, based on a inconsistent multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Restaurant Brands Asia Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Restaurant Brands Asia Ltd vs industry peers?
Restaurant Brands Asia Ltd revenue CAGR is 18.53%, compared to the industry median CAGR of 9.99%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of Restaurant Brands Asia Ltd?
Promoters hold 11.26% of the Restaurant Brands Asia Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Restaurant Brands Asia Ltd over the last decade?
Over the last 5 year(s), the stock has delivered a CAGR of -14.1% based on the current price.

10 Year X-Ray : Login to view analysis.

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Restaurant Brands Asia Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % -15.5%-13.8%2.6%-2.7%-16%-1.9%0.9%2.4%2.5%-
Value Creation
Index
-2.1-2.0-0.8-1.2-2.2-1.1-0.9-0.8-0.8-

Growth Parameters

Sales 2303786338414949441,4401,7601,9682,272
Sales YoY Gr.-64.4%67.3%33%-41.2%90.9%52.6%22.3%11.8%-
Adj EPS -2.2-3.3-1.5-2.7-4.4-1.9-1.5-1.5-1.5-2.2
YoY Gr.-NANANANANANANANA-
BVPS (₹) 13.810.79.39.817.339.33836.738.442.3
Adj Net
Profit
-59.1-88.5-40.4-74.1-169-93-71.6-73.1-87.9-159
Cash Flow from Ops. -3.330.586.511328.798.5162318345-
Debt/CF from Ops. 001.21.800000.4-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales NA18.5%27.8%11.8%
Adj EPS NANANANA
BVPSNA31.5%-0.8%4.5%
Share Price - -15.2% -14.4% -14.4%

Key Financial Parameters

Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
-16.1-27-15-28.2-35.6-7.1-3.7-3.9-4.3-5.6
Op. Profit
Mgn %
-17.62.212.512.439.611.513.514.615
Net Profit
Mgn %
-25.7-23.4-6.4-8.8-34.2-9.9-5-4.2-4.5-7
Debt to
Equity
000.40.700000.10
Working Cap
Days
0282526513429283743
Cash Conv.
Cycle
0-27-32-32-58-50-36-32-3110

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales2303786338414949441,4401,7601,968
Operating Expenses + 2703705547374798541,2741,5221,683
Manufacturing Costs4376116163112196310364407
Material Costs92131209279161293434529584
Employee Cost 517097137118154228265299
Other Costs 849313115989211302364393
Operating Profit -408791041590165238284
Operating Profit Margin (%) -17.6%2.1%12.5%12.4%3.0%9.6%11.5%13.5%14.4%
Other Income + 4111162821331824
Exceptional Items 000-4-80000
Interest 0374665826890114141
Depreciation 216482116128136180211255
Profit Before Tax -57-82-38-77-174-93-72-69-88
Tax 000000000
Profit After Tax -57-82-38-77-174-93-72-69-88
PAT Margin (%) -24.8%-21.8%-6.1%-9.1%-35.2%-9.9%-5.0%-3.9%-4.5%
Adjusted EPS (₹)-2.2-3.1-1.4-2.8-4.5-1.9-1.5-1.4-1.5
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%

Valuation of Restau. Brands Asia - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 3652842462716641,9381,8781,8212,232
Share Capital 265265265278383493495496582
Reserves 10019-19-62811,4451,3841,3251,650
Debt +001001990000125
Long Term Debt000179000048
Short Term Debt0010020000077
Minority Interest000000000
Trade Payables19436182114132139155173
Others Liabilities 3134035146466508161,0721,4061,755
Total Liabilities 6987309201,1981,4282,8863,0903,3834,286

Fixed Assets

Net Fixed Assets +4755927931,0379861,1571,5411,8572,201
Gross Block5437221,0031,3561,4181,7232,2422,7503,347
Accumulated Depreciation681292113194325657018931,146
CWIP 101020483011304226
Investments 1778738191241,5111,3801,3161,279
Inventories45791014192123
Trade Receivables136369111726
Cash Equivalents 12716282161061522523
Others Assets 18264054567893107207
Total Assets 6987309201,1981,4282,8863,0903,3834,286

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + -330871132998162318345
PBT -72-81-39-78-174-93-72-69-88
Adjustment 6992119180169173245320389
Changes in Working Capital -0207113424-66832
Tax Paid -0-0-0-0-0-6-5-110
Cash Flow From Investing Activity + -22213-114-230-304-1,388-42-160-287
Capex -93-87-165-228-35-116-282-229-266
Net Investments -1299951-3-271-1733586962
Others 00002-1,100-1181-83
Cash Flow From Financing Activity + 235-48361062961,280-121-153443
Net Proceeds from Shares 2700005621,35800500
Net Proceeds from Borrowing 0000-17900050
Interest Paid -27-37-64-50000-5
Dividend Paid 000000000
Others -8-12100111-87-79-121-153-102
Net Cash Flow 10-59-1221-10-06501

Financial Ratio

PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)-15.6-25.32-14.46-29.63-37.19-7.15-3.76-3.73-4.32
ROCE (%)-15.52-13.842.57-2.7-16-1.910.922.412.53
Asset Turnover Ratio0.330.530.770.790.380.440.480.540.51
PAT to CFO Conversion(x)N/AN/AN/AN/AN/AN/AN/AN/AN/A
Working Capital Days
Receivable Days2.301.902.5023.4032.602.904
Inventory Days6.404.403.503.507.204.604.104.204.10
Payable Days77.1087.709193.10221.50153.20114101.60102.70

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Restaurant Brands Asia Ltd FAQs

The current trading price of Restau. Brands Asia on 05-Jun-2026 16:59 is ₹68.69.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 04-Jun-2026 the market cap of Restau. Brands Asia stood at ₹4,874.8 Cr

The latest P/E ratio of Restau. Brands Asia as of 04-Jun-2026 is 0.00.

The latest P/B ratio of Restau. Brands Asia as of 04-Jun-2026 is 1.62.

The 52-week high of Restau. Brands Asia is ₹87.60 and the 52-week low is ₹57.16.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Restau. Brands Asia is ₹2,272 ( Cr.) .

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Restaurant Brands Asia Ltd is a below average quality company.

The key valuation ratios of Restaurant Brands Asia Ltd's currently when compared to its past seem to suggest it is in the Somewhat Undervalued zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of Restaurant Brands Asia Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing

About Restaurant Brands Asia Ltd

Restaurant Brands Asia (RBAL) (formerly known as Burger King India) is the national master franchisee of the Burger King brand in India. It has exclusive rights to develop, establish, operate and franchise Burger King branded restaurants across India. The master franchise agreement enables the company to leverage Burger King’s globally renowned brand name to strengthen its brand recall in India. RBAL also leverages the technical, marketing and operational expertise associated with the global brand. Founded in 1954, the Burger King brand is a global quick service burger chain known for food quality and value and as the only place guests can get the iconic flame-grilled Whopper burger. 

In Indonesia, RBAL operates as the master franchisee for the brands, Burger King and Popeyes through its subsidiaries, PT Sari Burger Indonesia (‘BK Indonesia’) and PT Sari Chicken Indonesia (‘Popeyes Indonesia’), respectively.

The company combines its understanding of local Indian tastes and preferences with bold innovation, unbeatable value, and a digital-first brand approach to create memorable food experiences that spark cravings and inspire loyalty. The company also offers additional daypart offerings, comprising a range of beverages and snacks, through BK Cafe. Over the years, the company has consistently addressed the needs of consumers looking for everyday value and given them more opportunities to access its brand, emerging as one of the fastest-growing international Quick Service Restaurant (QSR) chains in India.

Business area of the company

The company is into the business of Quick Service Restaurants under the brand name of ‘Burger King’. The company is an Exclusive Master Franchisee of the Burger King brand in India. 

Awards

2021-22

  • Gold under Use of Social Media category at Abby 2022 
  • Silver under Best in Moment Marketing category at Abby 2022 
  • Silver under Direct Response Digital category at Abby 2022 
  • Silver under Direct Response AV category at Abby 2022
  • Bronze under Use of Social Media category at Abby 2022
  • Bronze under Best in Moment Marketing category at Abby 2022
  • Bronze under Direct Response Digital category at Abby 2022
  • Bronze under Direct Response AV category at Abby 2022
  • Creative Use of Real Time Data at Kyoorius 2022 Baby Elephant
  • Best use of AR, MR, VR at Kyoorius 2022 Baby Elephant
  • Best use of Experiential / Live Events at Kyoorius 2022 Baby Elephant
  • eCommerce Use of Data at Kyoorius 2022 Baby Elephant
  • Silver for best use of Mobile category at Brand Equity Shark Award 2022
  • Bronze in use of tech enabled campaign category at Brand Equity Shark Award 2022

2022-23

  • Gold award - Branded Content & Entertainment in Best Integrated Entertainment Content from ABBY award
  • Silver award - Branded Content & Entertainment in Best use or integration of offline media such as print, out of home, etc. from ABBY award
  • Bronze award - Innovative Use of Emerging Technology from ABBY award
  • Silver under category of Use of Talent & Influencers from Clio awards

2024-25

  • Franchisee Of the Year - BK India - 2025
  • Operator Of the Year - BK India - 2025

Milestones

  • 2013: incorporation of Burger King India Private Limited.
  • 2014: Launched the brand by opening 9 restaurants during first year of operation in the cities of Delhi and Mumbai and introduced India to the bold flavours of Burger King, developed especially for Indian guests that would soon become a craving.
  • 2017: Celebrated the opening of 100th restaurant in Jalandhar, LPU, Punjab and then launched its first mass media campaign.
  • 2018: Reached India’s eastern shores, opening a restaurant in Bhubaneswar, and for the first time ever, became EBITDA positive with a robust financial performance.
  • 2019: Accelerated expansion in the eastern region and entered the vibrant city of Kolkata.
  • 2020: Got listed on the National Stock Exchange and BSE Ltd.
  • 2021: Started a new journey with the launch of BK Cafe.
  • 2022: Went global with the acquisition of the exclusive master franchise of BURGER KING and set up POPEYES in Indonesia. 
  • 2022: Opened its 400th restaurant in Siliguri, West Bengal.
  • 2022: Burger King India officially changed its corporate name to Restaurant Brands Asia (RBAL).
  • 2023: Launched King’s Journey to digitalise restaurants.
  • 2024: More than 90% of its restaurants offered King's journey digital experience and celebrated the milestone of 500th restaurant at Chembur.

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