Fortune India 500 2025 edition
Rank#472- Total income
- ₹4,988 Cr
- Profit
- ₹9 Cr
Devyani International Limited - travel and hospitality in New Delhi, Delhi, India. FY 2026 financials & compliance.
Active Listed - NSE: DEVYANI · BSE: 543330 Public Limited Company travel and hospitality Fortune India 500 · #472 Nifty 500
Market Cap
₹14,715 Cr
DEVYANI · NSE
Share Price
₹117.38
-1.65% today
Revenue
₹5,611 Cr
FY 2025-26 · +13.3% YoY
EBITDA
₹836 Cr
Margin 14.9%
Net Profit
−₹18.76 Cr
FY 2025-26 · -422.3% YoY
Debt / Equity
2.59
Interest cover 167.6x
Authorised capital
₹567.5 Cr
Registered with MCA
Paid-up capital
₹123.29 Cr
Issued & subscribed
About Devyani International Limited
Data last updated:
Devyani International Limited is a public limited company based in New Delhi, Delhi, India, a subsidiary of Rj Corp Limited. It operates in the restaurants and dining services segment of the travel and hospitality sector. It was incorporated on 13 December 1991 and has been in existence for over 35 years.
Devyani International is ranked #472 on the Fortune India 500 (2025). It is part of the Nifty 500 and BSE 500 indices. Its director Ravi Jaipuria and family are #25 among India's richest people (2026).
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN L15135DL1991PLC046758. Its GSTIN is 07AABCD5534A1Z7 (Delhi). The company holds 41 GST registrations, of which 35 are active. It is a listed company as per MCA records. Its shares are listed on BSE: 543330 and NSE: DEVYANI.
The company has an authorised share capital of ₹567.5 Cr and a paid-up capital of ₹123.29 Cr. It was formerly known as Universal Ice Creams Private Limited and Devyani International Private Limited. It is led by directors including Virag Joshi (Whole-Time Director) and Manish Dawar (Whole-Time Director).
Its last annual general meeting (AGM) was held on 28 July 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at F – 2/7 Okhla Indl Areaphase – I, New Delhi, Delhi, India – 110020.
As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹5,611.48 Cr, a growth of 13.3% compared to the previous year. For the same year it recorded a net loss of ₹18.76 Cr (net margin -0.3%) and EBITDA of ₹835.86 Cr (EBITDA margin 14.9%). The net worth stands at ₹1,592.22 Cr (up 45.5% YoY). Total assets are valued at ₹5,826.39 Cr (up 24.9% YoY).
The company has about 15,318 employees on its provident fund (EPFO) records. Its group structure includes 2 subsidiaries.
The company is associated with 1 brand: Devyani International. As per MCA filings, the company has open charges of ₹695.66 Cr and satisfied charges of ₹2,479.02 Cr on record. Court records list 347 cases involving the company, including 165 filed by the company and 182 filed against it; 70 cases are pending. The company has 36 deals on record (15 market trades, 13 secondary share transfers, 7 funding rounds), with disclosed funding of ₹1,616.75 Cr; the latest was in March 2026. Its 6 peer companies in the same principal business activity (food and beverage services provided by hotels, restaurants, caterers, etc.) are compared by revenue, 1 larger and 5 smaller; the largest is Jubilant Foodworks Limited with revenue of ₹8,217.07 Cr. The company has 29 MSME Form 1 returns on record between 2019 and 2024, listing 910 overdue payments to 165 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website dil-rjcorp.com.
Company details
CIN L15135DL1991PLC046758
Registration Number 046758
Incorporation Date 13 December 1991
ROC Delhi
Listing Status Listed - Listed on NSE (DEVYANI); Listed on BSE (543330)
Company Status Active
Date of Last AGM 28 July 2025
Date of Balance Sheet 31 March 2026
Parent Company Rj Corp Limited
Compliance Status Active Compliant
Name history
Devyani International has undergone 2 name changes throughout its history. The company was previously known as Universal Ice Creams Private Limited, and Devyani International Private Limited. The current legal name is Devyani International Limited.
| Company Name | Status |
|---|---|
| Devyani International Limited | Current |
| Universal Ice Creams Private Limited | Previous |
| Devyani International Private Limited | Previous |
CIN history
Devyani International has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L15135DL1991PLC046758, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L15135DL1991PLC046758 | Current |
| U15135DL1991PLC046758 | Previous |
| L15135HR1991PLC143853 | Previous |
Recognitions & Rankings of Devyani International
India's Most Valuable Companies 2024 edition · Source: Hurun India
Rank#273- Valuation
- ₹20,900 Cr
2023 #197 2022 #174 2021 #249
India's Richest People 2026 edition · 1 director · Source: Hurun India
- #25 Ravi Jaipuria & family ₹97,300 Cr
Stock market indices
Nifty 500 BSE 500
Contact details
Devyani International Limited's registered office is in New Delhi, Delhi. Its website is dil-rjcorp.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressF – 2/7 Okhla Indl Areaphase – I, New Delhi, Delhi, India – 110020
- IndustryTravel and Hospitality, Restaurants & Dining Services
To see the full contact details of Devyani International Limited, buy the company report.
Comprehensive company report
Devyani International Limited - one report that includes everything
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Brands
Devyani International operates one associated brand: Devyani International. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Quick-service restaurants and food courts are developed and operated. | dil-rjcorp.com |
Business activity
The main business activity of Devyani International is accommodation and food service. In detail, this covers food and beverage services provided by hotels, restaurants, caterers, etc..
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| I | Accommodation and Food Service | I2 | Food and beverage services provided by hotels, restaurants, caterers, etc. |
To see the full business activity and turnover split of Devyani International Limited, buy the company report.
Financials of Devyani International Limited
FY 2025-26 filings availableDevyani International Limited reported revenue of ₹5,611.48 Cr (up 13.3% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · ConsolidatedRevenue
₹5,611 Cr
+13.3% YoY
EBITDA
₹836 Cr
+0.0% YoY
Profit After Tax
−₹18.76 Cr
-422.3% YoY
Net Worth
₹1,592 Cr
+45.5% YoY
Total Assets
₹5,826 Cr
+24.9% YoY
Total Debt
₹3,783 Cr
+18.7% YoY
Revenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 5,611 | 4,951 | 3,556 | 2,998 | 2,084 | 1,135 | 1,516 |
| Revenue growth | +13.3% | +39.2% | +18.6% | +43.8% | +83.6% | -25.2% | - |
| EBITDA | 836 | 835 | 551 | 637 | 454 | 181 | 211 |
| EBITDA margin | +14.9% | +16.9% | +15.5% | +21.3% | +21.8% | +15.9% | +13.9% |
| Profit before tax | (56.87) | 12.78 | 3.68 | 242 | 123 | (64.06) | (120) |
| Net profit | (18.76) | 5.82 | (104) | 283 | 174 | (103) | (150) |
| Net profit margin | -0.3% | +0.1% | -2.9% | +9.4% | +8.4% | -9.1% | -9.9% |
| EPS (₹) | (0.31) | 0.08 | 0.39 | 2.20 | 1.30 | (0.48) | (11.46) |
| Balance sheet | |||||||
| Total assets | 5,826 | 4,665 | 4,322 | 2,554 | 1,959 | 1,430 | 1,622 |
| Net worth | 1,592 | 1,094 | 1,056 | 970 | 686 | 122 | (184) |
| Total debt | 3,783 | 3,188 | 2,906 | 1,565 | 1,254 | 1,328 | 1,827 |
| Cash & bank | 495 | 181 | 181 | 85.14 | 65.88 | 40.53 | 16.03 |
| Net working capital | (28.22) | (200) | (125) | (122) | 32.24 | (73.44) | (118) |
| Cash flow | |||||||
| Cash from operations | 927 | 900 | 766 | 637 | 451 | 240 | 301 |
| Cash from investing | (419) | (461) | (1,551) | (349) | (375) | (355) | (91.45) |
| Cash from financing | (197) | (425) | 889 | (283) | (58.35) | 142 | (223) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,581 | 1,437 | 1,441 | 1,377 | 1,357 | 1,213 | 1,294 | 1,222 |
| Revenue growth (YoY) | +16.5% | +18.5% | +11.3% | +12.7% | +11.1% | - | - | - |
| Other income | 19.25 | 17.70 | 12.33 | 5.13 | 13.51 | 13.19 | 9.05 | 4.84 |
| EBITDA | 254 | 220 | 208 | 190 | 206 | 186 | 213 | 196 |
| EBITDA margin | +16.1% | +15.3% | +14.5% | +13.8% | +15.2% | +15.3% | +16.5% | +16.0% |
| Depreciation | 180 | 182 | 167 | 155 | 150 | 152 | 147 | 139 |
| Interest | 70.14 | 70.10 | 70.02 | 68.84 | 66.78 | 69.53 | 66.98 | 65.33 |
| Profit before tax | 22.93 | (14.58) | (15.89) | (29.16) | 2.74 | (22.34) | 8.50 | (3.90) |
| Tax | 5.81 | (4.73) | (4.92) | (5.20) | 0.51 | (5.59) | 16.16 | 1.01 |
| Net profit | 17.12 | (9.85) | (10.97) | (23.96) | 2.23 | (16.75) | (7.66) | (4.91) |
| EPS (₹) | 0.12 | (0.08) | (0.08) | (0.18) | 0.03 | (0.12) | 0.00 | (0.01) |
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 3,573 | 3,349 | 3,116 | 2,774 | 1,853 | 999 | 1,228 |
| Revenue growth | +6.7% | +7.5% | +12.3% | +49.7% | +85.6% | -18.7% | - |
| EBITDA | 581 | 625 | 485 | 592 | 380 | 143 | 136 |
| EBITDA margin | +16.3% | +18.7% | +15.6% | +21.3% | +20.5% | +14.4% | +11.1% |
| Profit before tax | (49.61) | 27.03 | 7.50 | 233 | 112 | (65.32) | (135) |
| Net profit | (15.03) | 24.16 | (529) | 260 | 156 | (103) | (129) |
| Net profit margin | -0.4% | +0.7% | -17.0% | +9.4% | +8.4% | -10.3% | -10.5% |
| EPS (₹) | (0.27) | 0.20 | (0.05) | 2.16 | 1.27 | (0.57) | (12.72) |
| Balance sheet | |||||||
| Total assets | 4,221 | 3,505 | 3,231 | 2,519 | 1,921 | 1,401 | 1,224 |
| Net worth | 1,555 | 1,104 | 1,089 | 1,085 | 893 | 299 | 15.70 |
| Total debt | 2,616 | 2,373 | 2,115 | 1,410 | 1,007 | 1,081 | 437 |
| Cash & bank | 17.40 | 23.46 | 24.17 | 75.23 | 40.71 | 28.47 | 4.85 |
| Net working capital | (296) | (178) | (151) | (106) | 56.55 | (37.43) | (179) |
| Cash flow | |||||||
| Cash from operations | 707 | 662 | 587 | 595 | 385 | 158 | 241 |
| Cash from investing | (510) | (323) | (737) | (305) | (363) | (302) | (116) |
| Cash from financing | (204) | (327) | 109 | (279) | (9.89) | 170 | (139) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 999 | 879 | 906 | 871 | 917 | 801 | 873 | 836 |
| Revenue growth (YoY) | +8.9% | +9.7% | +3.9% | +4.2% | +9.2% | - | - | - |
| Other income | 24.84 | 16.76 | 15.51 | 9.02 | 16.21 | 14.49 | 13.91 | 10.17 |
| Total expenses | 829 | 735 | 769 | 739 | 766 | 664 | 726 | 689 |
| EBITDA | 169 | 144 | 137 | 131 | 151 | 137 | 146 | 146 |
| EBITDA margin | +17.0% | +16.4% | +15.1% | +15.1% | +16.5% | +17.1% | +16.8% | +17.5% |
| Depreciation | 125 | 122 | 113 | 105 | 105 | 108 | 105 | 98.88 |
| Interest | 58.26 | 57.51 | 57.46 | 55.90 | 55.36 | 58.64 | 56.05 | 54.31 |
| Profit before tax | 10.65 | (18.20) | (18.55) | (20.06) | 7.20 | (15.61) | (0.30) | 3.31 |
| Tax | 2.15 | (5.47) | (6.24) | (5.74) | 0.99 | (2.35) | (4.61) | 2.29 |
Financial Statements
Figures in ₹ Cr; negatives in brackets. Updated 23 Oct 2026
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,581 | 1,437 | 1,441 | 1,377 | 1,357 | 1,213 | 1,294 | 1,222 |
| Revenue growth (YoY) | +16.5% | +18.5% | +11.3% | +12.7% | +11.1% | - | - | - |
| Other income | 19.25 | 17.70 | 12.33 | 5.13 | 13.51 | 13.19 | 9.05 | 4.84 |
| EBITDA | 254 | 220 | 208 | 190 | 206 | 186 | 213 | 196 |
| EBITDA margin | +16.1% | +15.3% | +14.5% | +13.8% | +15.2% | +15.3% | +16.5% | +16.0% |
| Depreciation | 180 | 182 | 167 | 155 | 150 | 152 | 147 | 139 |
| Interest | 70.14 | 70.10 | 70.02 | 68.84 | 66.78 | 69.53 | 66.98 | 65.33 |
| Profit before tax | 22.93 | (14.58) | (15.89) | (29.16) | 2.74 | (22.34) | 8.50 | (3.90) |
| Tax | 5.81 | (4.73) | (4.92) | (5.20) | 0.51 | (5.59) | 16.16 | 1.01 |
| Net profit | 17.12 | (9.85) | (10.97) | (23.96) | 2.23 | (16.75) | (7.66) | (4.91) |
| EPS (₹) | 0.12 | (0.08) | (0.08) | (0.18) | 0.03 | (0.12) | 0.00 | (0.01) |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 5,611 | 4,951 | 3,556 | 2,998 | 2,084 | 1,135 | 1,516 |
| Revenue growth | +13.3% | +39.2% | +18.6% | +43.8% | +83.6% | -25.2% | - |
| Other income | 55.29 | 36.99 | 32.35 | 32.59 | 19.37 | 139 | 53.23 |
| Total expenses | 4,776 | 4,116 | 3,005 | 2,361 | 1,630 | 954 | 1,305 |
| Employee cost | 830 | 710 | 495 | 345 | 248 | 154 | 225 |
| EBITDA | 836 | 835 | 551 | 637 | 454 | 181 | 211 |
| EBITDA margin | +14.9% | +16.9% | +15.5% | +21.3% | +21.8% | +15.9% | +13.9% |
| Depreciation | 670 | 592 | 391 | 278 | 221 | 229 | 223 |
| Interest | 278 | 267 | 189 | 149 | 129 | 155 | 161 |
| Profit before tax | (56.87) | 12.78 | 3.68 | 242 | 123 | (64.06) | (120) |
| Tax | (14.33) | 19.69 | 13.32 | (20.59) | (31.97) | (1.06) | 1.84 |
| Net profit | (18.76) | 5.82 | (104) | 283 | 174 | (103) | (150) |
| Net profit margin | -0.3% | +0.1% | -2.9% | +9.4% | +8.4% | -9.1% | -9.9% |
| EPS (₹) | (0.31) | 0.08 | 0.39 | 2.20 | 1.30 | (0.48) | (11.46) |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 174 | 121 | 121 | 120 | 120 | 123 | 111 |
| Reserves & surplus | 1,419 | 973 | 934 | 848 | 566 | (1.59) | (295) |
| Shareholders' funds (net worth) | 1,592 | 1,094 | 1,056 | 970 | 686 | 122 | (184) |
| Minority interest | 343 | 308 | 293 | (6.16) | (4.74) | (41.92) | (39.11) |
| Secured loans | 1,225 | 855 | 835 | 0.69 | 61.39 | 384 | 462 |
| Unsecured loans | 2,558 | 2,333 | 2,071 | 1,564 | 1,193 | 944 | 1,366 |
| Total debt | 3,783 | 3,188 | 2,906 | 1,565 | 1,254 | 1,328 | 1,827 |
| Total liabilities | 5,826 | 4,665 | 4,322 | 2,554 | 1,959 | 1,430 | 1,622 |
| Assets | |||||||
| Gross block | 8,973 | 7,114 | 6,111 | 3,324 | 2,408 | 1,797 | 2,083 |
| Net block | 5,686 | 4,622 | 4,216 | 2,427 | 1,756 | 1,392 | 1,635 |
| Capital work in progress | 7.78 | 3.46 | 10.96 | 15.30 | 6.84 | 14.28 | 13.53 |
| Investments | 2.46 | 1.20 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 |
| Inventories | 165 | 148 | 131 | 129 | 85.49 | 62.20 | 72.09 |
| Sundry debtors | 64.08 | 41.31 | 52.69 | 28.91 | 21.05 | 16.88 | 17.30 |
| Cash & bank balances | 495 | 181 | 181 | 85.14 | 65.88 | 40.53 | 16.03 |
| Loans & advances | 129 | 103 | 122 | 66.77 | 164 | 44.92 | 37.76 |
| Total current assets | 852 | 474 | 486 | 310 | 336 | 165 | 143 |
| Total current liabilities | 881 | 674 | 611 | 432 | 304 | 238 | 262 |
| Net working capital | (28.22) | (200) | (125) | (122) | 32.24 | (73.44) | (118) |
| Total assets | 5,826 | 4,665 | 4,322 | 2,554 | 1,959 | 1,430 | 1,622 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 181 | 168 | 62.59 | 57.45 | 39.96 | 13.23 | 26.57 |
| Net cash from operating activities | 927 | 900 | 766 | 637 | 451 | 240 | 301 |
| Net cash from investing activities | (419) | (461) | (1,551) | (349) | (375) | (355) | (91.45) |
| Net cash from financing activities | (197) | (425) | 889 | (283) | (58.35) | 142 | (223) |
| Net change in cash | 310 | 13.73 | 105 | 5.14 | 17.48 | 26.74 | (13.35) |
| Closing cash | 495 | 181 | 181 | 85.14 | 65.88 | 40.53 | 16.03 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +13.3% | +39.2% | +18.6% | +43.8% | +83.6% | -25.2% | - |
| EBITDA growth | +0.1% | +51.6% | -13.5% | +40.3% | +151.2% | -14.5% | - |
| PBT growth | - | +247.3% | -98.5% | +96.5% | +9998.0% | +46.4% | -28.8% |
| Net income growth | -422.3% | +105.6% | -136.6% | +62.4% | +268.6% | +31.1% | - |
| Revenue CAGR (3Y) | +23.2% | +33.4% | +46.3% | +25.5% | +16.7% | +0.7% | +13.1% |
| EBITDA CAGR (3Y) | +9.5% | +22.6% | +45.0% | +44.4% | +27.2% | +24.4% | +76.8% |
| Profitability & leverage | |||||||
| Net income margin | -0.8% | -0.1% | -0.3% | +8.8% | +7.4% | -5.6% | -8.0% |
| Return on capital employed | 0.0% | 0.0% | 0.0% | +13.5% | +12.9% | 0.0% | 0.0% |
| Return on net worth | 0.0% | 0.0% | 0.0% | +18.0% | +22.1% | 0.0% | 0.0% |
| Debt / equity | 2.59 | 2.83 | 2.21 | 1.70 | 3.20 | 0.00 | 0.00 |
| Long-term debt / equity | 2.14 | 2.48 | 2.00 | 1.54 | 2.71 | 0.00 | 0.00 |
| Interest cover | 167.55 | 109.96 | 117.88 | 41.64 | 55.37 | -317.11 | -1,355.94 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 0.70 | 0.75 | 0.75 | 1.05 | 0.99 | 0.59 | 0.75 |
| Inventory turnover | 35.87 | 35.46 | 27.35 | 27.95 | 28.22 | 16.90 | 23.87 |
| Debtors turnover | 106.49 | 105.34 | 87.16 | 120.00 | 109.89 | 66.40 | 75.29 |
| EPS (₹) | (0.31) | 0.08 | 0.39 | 2.20 | 1.30 | (0.48) | (11.46) |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 12.51 | 9.07 | 8.75 | 8.04 | 5.70 | 0.99 | (17.81) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 999 | 879 | 906 | 871 | 917 | 801 | 873 | 836 |
| Revenue growth (YoY) | +8.9% | +9.7% | +3.9% | +4.2% | +9.2% | - | - | - |
| Other income | 24.84 | 16.76 | 15.51 | 9.02 | 16.21 | 14.49 | 13.91 | 10.17 |
| Total expenses | 829 | 735 | 769 | 739 | 766 | 664 | 726 | 689 |
| EBITDA | 169 | 144 | 137 | 131 | 151 | 137 | 146 | 146 |
| EBITDA margin | +17.0% | +16.4% | +15.1% | +15.1% | +16.5% | +17.1% | +16.8% | +17.5% |
| Depreciation | 125 | 122 | 113 | 105 | 105 | 108 | 105 | 98.88 |
| Interest | 58.26 | 57.51 | 57.46 | 55.90 | 55.36 | 58.64 | 56.05 | 54.31 |
| Profit before tax | 10.65 | (18.20) | (18.55) | (20.06) | 7.20 | (15.61) | (0.30) | 3.31 |
| Tax | 2.15 | (5.47) | (6.24) | (5.74) | 0.99 | (2.35) | (4.61) | 2.29 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 3,573 | 3,349 | 3,116 | 2,774 | 1,853 | 999 | 1,228 |
| Revenue growth | +6.7% | +7.5% | +12.3% | +49.7% | +85.6% | -18.7% | - |
| Other income | 57.50 | 49.88 | 37.46 | 34.16 | 24.82 | 110 | 23.47 |
| Total expenses | 2,991 | 2,724 | 2,632 | 2,182 | 1,474 | 855 | 1,092 |
| Employee cost | 502 | 455 | 422 | 321 | 223 | 136 | 186 |
| EBITDA | 581 | 625 | 485 | 592 | 380 | 143 | 136 |
| EBITDA margin | +16.3% | +18.7% | +15.6% | +21.3% | +20.5% | +14.4% | +11.1% |
| Depreciation | 461 | 426 | 341 | 257 | 185 | 191 | 175 |
| Interest | 227 | 222 | 173 | 136 | 107 | 128 | 120 |
| Profit before tax | (49.61) | 27.03 | 7.50 | 233 | 112 | (65.32) | (135) |
| Tax | (16.46) | 3.32 | 13.85 | (27.34) | (41.08) | 0.00 | 0.00 |
| Net profit | (15.03) | 24.16 | (529) | 260 | 156 | (103) | (129) |
| Net profit margin | -0.4% | +0.7% | -17.0% | +9.4% | +8.4% | -10.3% | -10.5% |
| EPS (₹) | (0.27) | 0.20 | (0.05) | 2.16 | 1.27 | (0.57) | (12.72) |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 174 | 121 | 121 | 120 | 120 | 115 | 106 |
| Reserves & surplus | 1,382 | 983 | 967 | 963 | 773 | 184 | (90.47) |
| Shareholders' funds (net worth) | 1,555 | 1,104 | 1,089 | 1,085 | 893 | 299 | 15.70 |
| Secured loans | 524 | 372 | 366 | 0.00 | 60.93 | 374 | 437 |
| Unsecured loans | 2,092 | 2,001 | 1,749 | 1,410 | 946 | 706 | 0.00 |
| Total debt | 2,616 | 2,373 | 2,115 | 1,410 | 1,007 | 1,081 | 437 |
| Total liabilities | 4,221 | 3,505 | 3,231 | 2,519 | 1,921 | 1,401 | 1,224 |
| Assets | |||||||
| Gross block | 5,081 | 4,567 | 3,902 | 3,059 | 2,031 | 1,517 | 1,475 |
| Net block | 3,178 | 3,069 | 2,774 | 2,268 | 1,552 | 1,209 | 1,129 |
| Capital work in progress | 7.78 | 3.46 | 7.37 | 7.48 | 0.66 | 7.24 | 6.30 |
| Investments | 921 | 356 | 355 | 84.40 | 110 | 87.62 | 98.46 |
| Inventories | 107 | 107 | 83.71 | 116 | 73.12 | 53.54 | 51.33 |
| Sundry debtors | 51.60 | 58.53 | 45.32 | 28.15 | 30.64 | 38.71 | 32.82 |
| Cash & bank balances | 17.40 | 23.46 | 24.17 | 75.23 | 40.71 | 28.47 | 4.85 |
| Loans & advances | 98.13 | 92.39 | 107 | 58.45 | 159 | 37.82 | 27.14 |
| Total current assets | 274 | 281 | 260 | 278 | 303 | 159 | 116 |
| Total current liabilities | 570 | 459 | 411 | 384 | 247 | 196 | 295 |
| Net working capital | (296) | (178) | (151) | (106) | 56.55 | (37.43) | (179) |
| Total assets | 4,221 | 3,505 | 3,231 | 2,519 | 1,921 | 1,401 | 1,224 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 23.46 | 10.98 | 52.68 | 42.33 | 28.19 | 2.31 | 16.67 |
| Net cash from operating activities | 707 | 662 | 587 | 595 | 385 | 158 | 241 |
| Net cash from investing activities | (510) | (323) | (737) | (305) | (363) | (302) | (116) |
| Net cash from financing activities | (204) | (327) | 109 | (279) | (9.89) | 170 | (139) |
| Net change in cash | (6.06) | 12.47 | (41.69) | 10.35 | 11.81 | 25.88 | (14.36) |
| Closing cash | 17.40 | 23.46 | 24.17 | 75.23 | 40.71 | 28.47 | 4.85 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +6.7% | +7.5% | +12.3% | +49.7% | +85.6% | -18.7% | - |
| EBITDA growth | -7.1% | +29.1% | -18.2% | +55.9% | +164.6% | +5.3% | - |
| PBT growth | - | +260.4% | -96.8% | +107.3% | +9998.0% | +51.6% | -256.4% |
| Net income growth | -162.2% | +104.6% | -303.2% | +66.7% | +252.0% | +20.5% | - |
| Revenue CAGR (3Y) | +8.8% | +21.8% | +46.1% | +31.2% | +20.1% | +4.3% | +15.0% |
| EBITDA CAGR (3Y) | -0.6% | +18.1% | +50.0% | +63.2% | +114.4% | +11.1% | - |
| Profitability & leverage | |||||||
| Net income margin | -0.9% | +0.7% | -0.2% | +9.4% | +8.3% | -6.5% | -11.0% |
| Return on capital employed | 0.0% | +7.0% | 0.0% | +14.0% | +11.5% | 0.0% | 0.0% |
| Return on net worth | 0.0% | +1.9% | 0.0% | +18.5% | +18.4% | 0.0% | 0.0% |
| Debt / equity | 1.88 | 2.05 | 1.62 | 1.22 | 1.75 | 4.82 | 2.87 |
| Long-term debt / equity | 1.66 | 1.84 | 1.49 | 1.14 | 1.58 | 3.90 | 1.93 |
| Interest cover | 189.48 | 111.45 | 120.91 | 40.68 | 54.98 | -266.13 | -313.83 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 0.74 | 0.79 | 0.90 | 1.09 | 1.04 | 0.67 | 1.20 |
| Inventory turnover | 33.42 | 35.15 | 31.17 | 29.30 | 29.26 | 19.05 | 28.07 |
| Debtors turnover | 64.88 | 64.50 | 84.83 | 94.38 | 53.45 | 27.93 | 32.57 |
| EPS (₹) | (0.27) | 0.20 | (0.05) | 2.16 | 1.27 | (0.57) | (12.72) |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 12.21 | 9.15 | 9.02 | 8.99 | 7.41 | 2.59 | 1.48 |
To see the full year-wise statements and ratios of Devyani International Limited, buy the company report.
Board of directors and KMP of Devyani International Limited
Devyani International Limited currently reports 10 directors and 1 key managerial person. 17 former directors have served the organization.
Current Directors and KMP
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Raj Pal Gandhi Also directs: Varun Beverages Limited, Kiva Spirits and Company Limited, Sky Gate Hospitality Private Limited and 5 more | Director | 13 Aug 2007 | 19 Years 2 Months | Current |
| Ravi Kant Jaipuria Also directs: Varun Beverages Limited, Kiva Spirits and Company Limited, Alisha Torrent Closures (India) Private Limited and 3 more | Director | 15 Jul 1996 | 30 Years 3 Months | Current |
| Ravi Gupta | Director | 06 Apr 2018 | 8 Years 6 Months | Current |
| Prashant Purker Also directs: Devyani Food Industries Limited, Assert Securetech Private Limited | Director | 02 May 2022 | 4 Years 5 Months | Current |
| Virag Joshi Also directs: Sky Gate Hospitality Private Limited, Devyani RK Private Limited, Devyani PVR Inox Private Limited and 1 more | Whole-Time Director | 10 Nov 2004 | 21 Years 11 Months | Current |
| Manish Dawar Also directs: Sky Gate Hospitality Private Limited, Multiples Private Equity Fund II LLP, Devyani RK Private Limited and 1 more | Whole-Time Director | 17 Feb 2021 | 5 Years 8 Months | Current |
Showing 6 of 11 current directors and KMP. View all directors and KMP
Peer comparison
Devyani International Limited is compared with the 6 companies closest to it by revenue in the same principal business activity (food and beverage services provided by hotels, restaurants, caterers, etc.), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Jubilant Foodworks Limited | ₹8,217.07 Cr (FY 2025) | 44.0% | Noida, Uttar Pradesh, India | |||
| Devyani International Limitedthis company | ₹5,611.48 Cr (FY 2026) | -₹18.76 Cr | -0.3% | 13.3% | 15,318 | New Delhi, Delhi, India |
| Sodexo India Services Private Limited | ₹3,637.16 Cr (FY 2025) | 15.0% | Mumbai, Maharashtra, India | |||
| Sapphire Foods India Limited | ₹2,919.08 Cr (FY 2025) | 11.0% | Mumbai, Maharashtra, India | |||
| Restaurant Brands Asia Limited | ₹2,581.89 Cr (FY 2025) | 5.0% | Mumbai, Maharashtra, India | |||
| Hardcastle Restaurants Private Limited | ₹2,514.55 Cr (FY 2025) | 4.0% | Mumbai, Maharashtra, India | |||
| Compass India Food Services Private Limited | ₹2,399.5 Cr (FY 2025) | 43.0% | Gurgaon, Haryana, India |
To see the full peer comparison of Devyani International Limited, buy the company report.
Auditor
Devyani International Limited is audited by Walker Chandiok & Co LLP for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Walker Chandiok & Co LLP | FY 2024 | 001076N/N500013 |
Shareholding
Shareholding for the quarter ended Sep 2026: promoters hold 61.40%, foreign institutional investors hold 6.80%, domestic institutional investors hold 18.80% and retail and other public shareholders hold 13.00%.
Sep 2026
QUARTER
61.40% Promoters
18.80% DII (Domestic Institutional)
6.80% FII (Foreign Institutional)
13.00% Retail & Others
Promoter holding - history
Now 61.40% · Sep 2026High 61.40% · Dec 2025Low 61.40% · Dec 2025
Shareholding trend - last 6 quarters
| Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | |
|---|---|---|---|---|
| Promoters | 61.40% | 61.40% | 61.40% | 61.40% |
| Public | 38.60% | 38.60% | 38.60% | 38.60% |
Charges & borrowings
Open charges
₹695.66 Cr
Satisfied charges
₹2,479.02 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 20 Jan 2023 | 100674657 | Others | ₹695.66 Cr | Open | |
| 08 Oct 2024 | 100991595 | Others | ₹150 Cr | Satisfied | |
| 03 Oct 2024 | 100993777 | Others | ₹50 Cr | Satisfied | |
| 14 Feb 2024 | 100870011 | Others | ₹30 Cr | Satisfied | |
| 18 Dec 2023 | 100840720 | Hdfc Bank Limited | ₹175 Cr | Satisfied |
To see the full charge records of Devyani International Limited, buy the company report.
Total charge records: 57 View all charges
Deals & funding
Devyani International Limited has 36 deals on record (15 market trades, 13 secondary share transfers, 7 funding rounds), with disclosed funding of ₹1,616.75 Cr; the latest was in March 2026.
Total deals
36
Market trades
15
Secondary share transfers
13
Funding rounds
7
IPO
1
Disclosed funding
₹1,616.75 Cr
Deals on record (5 of 36)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jun 2025 | Funding round | ₹419.29 Cr | Investors: InCred Alternatives Investments, Hashinclude Computech Private Limited , Citadel Management Consulting Private Limited |
| Feb 2024 | Market trade | ₹871.1 Cr | Buyer: Nippon India Mutual Fund, Franklin Templeton Mutual Fund, Sundaram Mutual Fund, an individual Seller: Yum Restaurants (India) Private Limited |
| Feb 2024 | Market trade | ₹871.1 Cr | Buyer: Nippon India Mutual Fund Seller: Yum Restaurants (India) Private Limited |
| Aug 2021 | IPO | ₹1,838 Cr | Investors: IPO Shareholders - Devyani International Limited, Ashoka India Opportunities Fund, Stichting Depositary Apg Emerging Markets Equity Pool Seller: RJ Corp Limited , Temasek |
| Mar 2018 | Secondary share transfer | Undisclosed | Buyer: RJ Corp Limited Seller: Icici Venture |
To see the full deal history of Devyani International Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Devyani International Limited has 347 court cases on record: 165 filed by Devyani International, 182 filed against it. 70 cases are pending and 277 are disposed.
Total cases
347
Filed by the company
165
Filed against the company
182
Pending
70
Disposed
277
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 206 | 131 | 56 |
| High courts | 131 | 46 | 10 |
| Supreme Court | 9 | 5 | 4 |
| NCLT | 1 | 0 | 0 |
Cases on record (5 of 347)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Supreme Court | Court case (2001-Environmental Laws : Environment (Protection) Act, 1986, Indian Forest Act, 1927, Wildlife (Protection) Act, 1972, Biological Diversity Act 2002, Coastal Regulation Zone (CRZ), Pollution Laws, Prevention of cruelty to animals, all other Acts, Rules, Regulations dealing with environment, ecology, conservation including environmental clearance) | Filed by the company against State of Uttar Pradesh and 4 others | Pending |
| High Court of Delhi | Arbitration matter | Filed against the company by Nymbleup Solutions Private Limited. | Pending |
| High Court of Delhi | Court case (O.M.P.(I) (COMM.)) | Filed by the company against M/S Ansa Retail Private Limited | Pending |
| District court, New Delhi, Delhi | Court case (OMP (COMM.)) | Filed by the company against M/S Sanvik Engineers India Pvt. Ltd. | Pending |
| District court, New Delhi, Delhi | Cheque dishonour complaint | Filed by the company against R Tech Infrastructure Pvt Ltd | Pending |
To see the full case history of Devyani International Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
Devyani International Limited has 29 MSME Form 1 returns on record between 2019 and 2024, listing 910 overdue payments to 165 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 165)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| an individual supplier | |||
| D3 Jyoti Enterprises | |||
| an individual supplier | |||
| an individual supplier |
To see the full MSME payment records of Devyani International Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Devyani International has 2 subsidiary companies. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
2
Subsidiary companies
Key subsidiaries
| Company Name | CIN | Shares held |
|---|---|---|
| Devyani Food Street Private Limited | U55101DL2009PTC193995 | |
| Devyani Airport Services (Mumbai) Private Limited | U55101DL2013PTC250959 |
To see the full group structure of Devyani International Limited, buy the company report.
Employees & EPFO
Devyani International Limited has a workforce of 15,318 employees on its EPFO records as of Apr 01, 2024, across 1 active EPFO establishment.
Employee count
15,318
Active EPFO establishments
1
Employee growth
13.6%
GST
Devyani International has 41 GST registrations: 35 active and 6 cancelled or inactive. The first 4 active GSTINs are listed below.
Total GSTINs
41
Active
35
Cancelled / inactive
6
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 07AABCD5534A1Z7 | Delhi | Active | 01 Jul 2017 |
| 07AABCD5534A2Z6 | Delhi | Active | 21 Dec 2017 |
| 02AABCD5534A1ZH | Himachal Pradesh | Active | 01 Jul 2017 |
| 05AABCD5534A1ZB | Uttarakhand | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Devyani International Limited, buy the company report.
Recent activity
Devyani International Limited has 39 board changes on record since 1996: 25 appointments and 14 cessations. The latest: Naresh Trehan ceased to be Director on 20 Apr 2024.
Filing
Devyani International Limited has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Delhi.
AGM
Devyani International Limited last Annual general meeting of members was held on 28 Jul 2025 as per latest MCA records.
Charges
A charge registered on 08 Oct 2024 via Charge ID 100991595 with Others was fully satisfied on 04 Jun 2025.
Charges
A charge registered on 03 Oct 2024 via Charge ID 100993777 with Others was fully satisfied on 07 May 2025.
Charges
A charge registered on 06 May 2010 via Charge ID 10222492 with Indian Bank was fully satisfied on 29 Mar 2025.
Charges
A charge with Others of Rs. 695.66 Cr registered on 20 Jan 2023 with Charge ID 100674657 was modified on 20 Mar 2025.
Charges
A charge with Others amounted to Rs. 150.00 Cr with Charge ID 100991595 was registered on 08 Oct 2024.
Charges
A charge with Others amounted to Rs. 50.00 Cr with Charge ID 100993777 was registered on 03 Oct 2024.
Charges
A charge registered on 14 Feb 2024 via Charge ID 100870011 with Others was fully satisfied on 04 Jul 2024.
Charges
A charge registered on 18 Dec 2023 via Charge ID 100840720 with Hdfc Bank Limited was fully satisfied on 02 May 2024.
Ceased
Naresh Trehan ceased to be Director.
Charges
A charge registered on 10 Oct 2023 via Charge ID 100797759 with Others was fully satisfied on 17 Apr 2024.
176 earlier events are in the company report.
News
Devyani International: Co To Meet Analyst/ Investor On September 22
Frequently asked questions
Devyani International is an active public limited company based in New Delhi, Delhi, India. The company works in restaurants and dining services, within the travel and hospitality industry. It was incorporated on 13 December 1991 (35+ years old) and is registered under CIN L15135DL1991PLC046758. Listed on BSE: 543330 and NSE: DEVYANI.
Devyani International reported revenue of ₹5,611.48 Cr for FY 2025-26 (up 13.3% YoY) based on consolidated financials.
Devyani International has 11 current directors and KMP:
- Virag Joshi - Whole-Time Director
- Manish Dawar - Whole-Time Director
- Raj Pal Gandhi - Director
- Ravi Kant Jaipuria - Director
- Ravi Gupta - Director
- Prashant Purker - Director
- Rashmi Dhariwal - Director
- Varun Jaipuria - Director
- Girish Kumar Ahuja - Director
- Pradeep Khushalchand Sardana - Director
- Pankaj Virmani - Company Secretary
The latest financial statements of Devyani International on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 28 July 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Devyani International is 07AABCD5534A1Z7, registered in Delhi. The company has 41 GST registrations in all, of which 35 are active and 6 are cancelled or inactive. Other active GSTINs include 07AABCD5534A2Z6 (Delhi), 02AABCD5534A1ZH (Himachal Pradesh), 05AABCD5534A1ZB (Uttarakhand).
The CIN (Corporate Identification Number) of Devyani International is L15135DL1991PLC046758. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Devyani International is a listed company as per MCA records. Its shares are listed on both BSE (code: 543330) and NSE (symbol: DEVYANI).
Devyani International has 347 court cases on record: 165 filed by the company and 182 filed against it. 70 are pending. Most are in the district courts.
Devyani International was incorporated on 13 December 1991, making it 35+ years old. It is registered with the Registrar of Companies, Delhi.
Devyani International has 36 deals on record (15 market trades, 13 secondary share transfers, 7 funding rounds), with disclosed funding of ₹1,616.75 Cr; the latest was in March 2026.
The peers of Devyani International by revenue are Jubilant Foodworks Limited, Sodexo India Services Private Limited, Sapphire Foods India Limited, Restaurant Brands Asia Limited, Hardcastle Restaurants Private Limited and 1 more, all in the same principal business activity (food and beverage services provided by hotels, restaurants, caterers, etc.).
Naresh Trehan ceased to be Director on 20 Apr 2024. Rahul Suresh Shinde ceased to be Whole-Time Director on 02 Apr 2024. Pankaj Virmani was appointed as Company Secretary on 28 Jun 2023. Devyani International has 39 board changes on record in total.