Jubilant Foodworks Limited (JUBLFOOD)

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Jubilant Foodworks Limited (JUBLFOOD) · mywealthgrid

About

Jubilant Foodworks operates restaurant chains in India's leisure services sector. With a market cap of ₹33,260 Cr and consistent operating margins of 19.85%, the company delivers ROE of 19.5%. As a consumer discretionary business, it is sensitive to economic cycles and consumer spending.

Face value: ₹2

Market cap

₹29,256 Cr

P/E

65.0×

P/B

12.8×

Dividend yield

0.5%

ROE

19.5%

ROCE

16%

Debt / equity

0.76

OPM

19.9%

EPS (TTM)

₹6.8

Book value

₹34.7

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

PE ratio of 74.87 is elevated; verify whether this reflects genuine growth expectations or represents valuation risk

Stock down 20.7% in the past year and FII ownership declining from 17.29% to 13.32%; identify whether repricing reflects temporary weakness or structural concerns

Operating margins of 19–20.51% are stable but not expanding; verify whether further margin leverage is achievable or if margins near an operational ceiling

D/E of 0.76 permits additional leverage; verify refinancing risks and whether debt is sustainable if FCF compresses

Generated analysis · source review pending

Growth drivers

Operating margin of 19.85% is consistent (range 19–20.51%); revenue growth at stable margins yields profit leverage — verify revenue drivers (new stores, traffic, pricing power)

ROE of 19.5% reflects capital efficiency; retained earnings compound growth — verify FCF conversion and capital allocation

D/E of 0.76 leaves balance-sheet headroom; available leverage can fund expansion — verify whether management plans capex or M&A

Generated analysis · source review pending

2,528 historical price candles were omitted because the exchange source has not been verified.

₹443.4-4.2%1Y

Quick read

rule-based

Pros

+Revenue CAGR of 23.5% over the last 5 years
+Dividend payout of 35.2% of profit

Cons

−Expensive at 65× trailing earnings
−Trading at 12.8× book value

Research score

Structured signal from quality, growth, valuation and momentum.

37/100

Business quality: 43
Growth: 52
Valuation: 17

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Part ofNIFTY MIDCAP 150 NIFTY 200 NIFTY MIDSMALLCAP 400 NIFTY 500 NIFTY TOTAL MARKET

Screen this industry

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Consolidated Standalone

Consolidated figures · ₹ crore

₹ Cr	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	2,438	2,583	3,018	3,563	3,927	3,312	4,396	5,158	5,654	8,142	9,513
COGS	503	-1	-1	1	983	726	990	1,248	1,341	2,268	2,710
Gross profit	1,935	—	—	—	2,944	2,586	3,406	3,910	4,313	5,874	6,802
	1,672	2,343	2,580	2,963	2,068	1,814	2,308	2,785	3,154	4,306	4,907
	264	241	440	600	876	771	1,098	1,125	1,159	1,568	1,895
OPM %	10.8%	9.3%	14.6%	16.8%	22.3%	23.3%	25%	21.8%	20.5%	19.3%	19.9%
Depreciation	128	155	160	157	352	375	393	486	598	807	959
Interest	—	—	—	—	165	163	176	201	288	523	436
	—	15	23	47	45	73	34	50	211	56	99
Profit before tax	—	—	—	—	403	306	563	489	485	295	599
Tax	50	31	107	172	124	76	145	136	85	77	154
Tax %	—	—	—	—	30.8%	24.7%	25.8%	27.8%	17.5%	26.3%	25.8%
	58	196	318	279	279	231	418	353	400	217	444
PAT margin %	2.4%	7.6%	10.5%	7.8%	7.1%	7%	9.5%	6.8%	7.1%	2.7%	4.7%
EPS (₹)	—	—	—	—	21.2	17.6	6.4	5.4	6.1	3.2	6.5
EPS adjusted (₹)	1.5	3	4.8	—	4.2	3.5	6.4	5.4	6.1	3.2	6.5
	—	—	—	—	0%	0%	0%	0%	19.8%	37.6%	18.5%
Annual report	Annual report for Mar 2016	Annual report for Mar 2017	Annual report for Mar 2018	Annual report for Mar 2019	Annual report for Mar 2020	Annual report for Mar 2021	Annual report for Mar 2022	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025	Annual report for Mar 2026

₹ Cr	Mar 2016	Mar 2017	Mar 2018	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	66	66	66	132	132	132	132	132	132	132
Reserves	667	786	978	990	1,295	1,813	1,906	2,039	1,971	2,160
Minority interest	—	—	0	11	9	10	—	73	80	96
	—	—	—	0	0	120	183	1,497	1,502	1,745
	492	480	524	2,238	2,331	2,707	3,162	4,385	4,843	5,428
Total equity & liabilities	1,224	1,332	1,568	3,371	3,767	4,782	5,382	8,126	8,528	9,561
	828	778	768	2,189	2,145	2,737	3,488	6,184	6,434	7,353
CWIP	—	60	11	41	26	40	160	93	179	111
Investments	91	168	345	51	517	927	822	308	176	199
	305	326	444	1,090	1,078	1,079	912	1,541	1,738	1,898
Total assets	1,224	1,332	1,568	3,371	3,767	4,782	5,382	8,126	8,528	9,561

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Ratios

Annual operating, return, leverage and working-capital ratios.

Consolidated Standalone

Consolidated figures

Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	—	75%	78.1%	77.5%	75.8%	76.3%	72.1%	71.5%
EBITDA margin %	16.8%	22.3%	23.3%	25.2%	22.3%	20.2%	19.3%	19.9%
EBIT margin %	12.4%	13.3%	12%	16.3%	12.9%	9.6%	9.4%	9.8%
PAT margin %	7.8%	7.1%	7%	9.5%	6.8%	7.1%	2.7%	4.7%
Working capital
Receivable days	—	2	2	2	2	17	15	14
Inventory days	—	35	67	59	52	112	65	42
Payable days	—	166	268	198	164	251	145	138
NWC days	—	-129	-199	-137	-110	-122	-65	-82
Leverage
Current ratio	—	1.21	0.97	1	0.67	0.6	0.57	0.36
Debt to EBITDA	—	0	0	0.11	0.16	1.31	0.96	0.92
Debt to equity	—	0	0	0.06	0.09	0.69	0.71	0.76
Interest coverage	—	3.6	2.9	4.3	3.6	2	1.6	2.3
Asset turnover	—	1.17	0.88	0.92	0.96	0.7	0.95	0.99
Return ratios
Return on assets %	—	8.3%	6.1%	8.7%	6.6%	4.9%	2.5%	4.6%
Return on capital employed %	—	22.3%	16.9%	22.4%	17.4%	11.1%	13.2%	16%
Return on equity %	—	24.8%	16.2%	21.5%	17.3%	18.4%	10.3%	19.4%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	41.94%	41.94%	41.94%	41.94%	41.94%	41.94%	41.94%	40.27%	40.27%	40.27%	40.27%	40.27%
	26.14%	27.75%	23.24%	20.39%	21%	21.26%	20.55%	21.05%	20.1%	18.58%	17.29%	13.32%
	22.35%	22.13%	26.05%	29.89%	30.39%	30.38%	31.23%	32.51%	33.05%	34.78%	36.38%	39.59%
	0%	0%	0%	0%	0%	0%	0%	0%	0.2%	0.2%	0.2%	0%
	9.36%	7.97%	8.42%	7.43%	6.32%	6.08%	5.95%	5.83%	6.02%	5.84%	5.53%	6.49%
No. of shareholders	—	—	—	—	—	—	—	—	3,35,705	3,33,281	3,29,084	3,46,691

Promoter holding down 1.67 percentage points since Sep 2023.

4 disclosures

Person	Deal	Shares	Value	Holding	Filed
JFL Employees Welfare TrustOther	SellESOP	14,768	₹29,536	0.36% → 0.36%	30 Sept 20257(2)
JFL Employees Welfare TrustOther	BuyMarket Purchase	2,10,000	₹13.14 cr

62 deals · 7 Sept 2021 – 29 May 2026

Date	Client	Type	Venue	Side	Quantity	Price	Value
29 May 2026	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Buy	45,24,155	₹429.82	₹194.46 Cr
29 May 2026	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Sell	45,12,905	₹429.90	₹194.01 Cr
27 Feb 2026	BNP PARIBAS FINANCIAL MARKETS	Bulk	NSE	Buy	49,50,250	₹519.67	₹257.25 Cr
13 Jun 2025	JUBILANT CONSUMER PRIVATE LIMITED	Block	NSE	Sell	1,06,00,000	₹662.00	₹701.72 Cr
13 Jun 2025	JUBILANT CONSUMER PRIVATE LIMITED	Bulk	NSE	Sell	1,06,00,000	₹662.00	₹701.72 Cr
13 Jun 2025	ICICI PRUDENTIAL LIFE INSURANCE COMPANY LIMITED	Block	NSE	Buy	19,00,000	₹662.00	₹125.78 Cr
13 Jun 2025	KOTAK MAHINDRA MUTUAL FUND	Block	NSE	Buy	16,00,000	₹662.00	₹105.92 Cr
13 Jun 2025	MORGAN STANLEY ASIA SINGAPORE PTE	Block	NSE	Buy	11,70,000	₹662.00	₹77.45 Cr
13 Jun 2025	KOTAK FUNDS - INDIA MIDCAP FUND	Block	NSE	Buy	11,50,000	₹662.00	₹76.13 Cr
13 Jun 2025	HSBC MUTUAL FUND	Block	NSE	Buy	10,00,000	₹662.00	₹66.20 Cr

1–10 of 62

1 / 7

Mr. Shyam Sunder BhartiaNon-Executive - Non Independent Director-Chairperson related to Promoter
Mr. Hari Shanker BhartiaNon-Executive - Non Independent Director
Mr. Sameer KhetarpalExecutive Director-CEO-MD
Mr. Shamit BhartiaNon-Executive - Non Independent Director
Ms. Aashti BhartiaNon-Executive - Non Independent Director
Mr. Abhay Prabhakar HavaldarNon-Executive - Independent Director
Mr. Ashwani WindlassNon-Executive - Independent Director
Mr. Vikram Singh MehtaNon-Executive - Independent Director
Mr. Amit JainNon-Executive - Independent Director
Ms. Deepa Misra HarrisNon-Executive - Independent Director
Ms. Suman HedgeExecutive Vice President & Chief Financial Officer

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F&O

Current futures and options contracts with compact option-chain pages.

End of day 30 Sept 2026 · underlying ₹456.7 · volume and open interest in contracts

3

Expiry	Close	Chg	% Chg	Settlement	Open interest	Change in OI	Volume	Lot size
27 Oct 2026	₹453.6	-10.6	-2.3%	₹453.6	16,587	-53	1,684	1250
23 Nov 2026	₹451.0	-11.2	-2.4%	₹451.0	337	+30	123	1250
29 Dec 2026	₹448.0	-21.9	-4.7%	₹463.9	13	+13	14	1250

Open the chart icon on a row for that contract's close over 103 stored sessions, with open interest as bars beneath it.

31

27 Oct 2026 23 Nov 2026 29 Dec 2026

Calls				Strike	Puts
OI	Chg OI	Volume	LTP	—	LTP	Volume	Chg OI	OI
0	0	0	₹0.0	380

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

Portfolio month

Schemes holding

across 14 fund houses

Held by these funds

21.07%

of the company's equity

All mutual funds

32.29%

shareholding pattern, Jun 2026

Portfolios as of

August 2026

compared with July 2026

87 schemes · 14 fund houses

		Shares
Focused Fund	SBI Mutual Fund	2.5 Cr	1,240	2.42%	3.789%	-0
Multi Cap FundNEW	Nippon India Mutual Fund	1.85 Cr	918.98	1.63%	2.808%	—
Growth Mid Cap FundNEW	Nippon India Mutual Fund	1.12 Cr	555.52	1.06%	1.697%	—
Large and Midcap Fund	SBI Mutual Fund	1.1 Cr	545.6	1.29%	1.667%	-0
MultiCap Fund	SBI Mutual Fund	1.1 Cr	545.6	2.22%	1.667%	-0
LARGE CAP FUND	Nippon India Mutual Fund	85.48 L	423.98	0.78%	1.296%	+2.41 L
SMALL CAP FUND	Nippon India Mutual Fund	77.56 L	384.69	0.47%	1.175%	-0
Children's Fund - Investment Plan (Erstwhile known as SBI Magnum Children's Benefit Fund- IP)	SBI Mutual Fund	50 L	248	3.19%	0.758%	-0

1–8 of 87

1 / 11

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

Annual reports

Credit ratings

Investor Presentation and earnings call

Aug 2026Transcript AI SummaryPPTREC
May 2026Transcript AI Summary PPT

Documents link to external sources (exchange filings, company investor pages).

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Events

Upcoming dates and the company’s corporate-action history.

3

Dividend dividend17 Jul 2026 · ex-date₹1.2
Final dividend18 Jul 2025 · ex-date₹1.2
Final dividend12 Jul 2024 · ex-date₹1.2

1

Board meeting to consider results13 Aug 2026

1

Face value ₹10 → ₹219 Apr 2022 · ex-date

1–3 of 4

1 / 2

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

6 announcementsExport CSV

15 Sept 2026, 5:19 pmCompany Update

Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

Analyst / Investor Meet PDF

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Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	—	75%	78.1%	77.5%	75.8%	76.3%	72.1%	71.5%
EBITDA margin %	16.8%	22.3%	23.3%	25.2%	22.3%	20.2%	19.3%	19.9%
EBIT margin %	12.4%	13.3%	12%	16.3%	12.9%	9.6%	9.4%	9.8%
PAT margin %	7.8%	7.1%	7%	9.5%	6.8%	7.1%	2.7%	4.7%
Working capital
Receivable days	—	2	2	2	2	17	15	14
Inventory days	—	35	67	59	52	112	65	42
Payable days	—	166	268	198	164	251	145	138
NWC days	—	-129	-199	-137	-110	-122	-65	-82
Leverage
Current ratio	—	1.21	0.97	1	0.67	0.6	0.57	0.36
Debt to EBITDA	—	0	0	0.11	0.16	1.31	0.96	0.92
Debt to equity	—	0	0	0.06	0.09	0.69	0.71	0.76
Interest coverage	—	3.6	2.9	4.3	3.6	2	1.6	2.3
Asset turnover	—	1.17	0.88	0.92	0.96	0.7	0.95	0.99
Return ratios
Return on assets %	—	8.3%	6.1%	8.7%	6.6%	4.9%	2.5%	4.6%
Return on capital employed %	—	22.3%	16.9%	22.4%	17.4%	11.1%	13.2%	16%
Return on equity %	—	24.8%	16.2%	21.5%	17.3%	18.4%	10.3%	19.4%

Calls	Strike	Puts
0	0	0	₹0.0	380

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Jubilant Foodworks LimitedJUBLFOODJUBLFOOD	₹29,256 Cr	₹31,001 Cr	₹9,846 Cr	₹1,947 Cr	19.9%	₹450 Cr	4.7%	16%	19.5%	-82
Travel Food Services LimitedTRAVELFOODTRAVELFOOD	₹15,911 Cr	₹15,911 Cr	₹1,725 Cr	₹665 Cr	39.4%	₹476 Cr	27.5%	37.6%	30.6%	-438
Devyani International LimitedDEVYANIDEVYANI	₹15,666 Cr	₹17,027 Cr	₹5,835 Cr	₹898 Cr	15.1%	₹-28 Cr	-0.8%	5.2%	-2.9%	-89
Westlife Foodworld LimitedWESTLIFEWESTLIFE	₹9,168 Cr	₹9,467 Cr	₹2,704 Cr	₹344 Cr	12.8%	₹32 Cr	1.2%	—	5.3%	—
Sapphire Foods India LimitedSAPPHIRESAPPHIRE	₹6,744 Cr	₹6,749 Cr	₹3,239 Cr	₹501 Cr	15.2%	₹-16 Cr	-1%	4.1%	-2.3%	-59
Restaurant Brands Asia LimitedRBARBA	₹6,561 Cr	₹6,830 Cr	₹2,948 Cr	₹356 Cr	11.6%	₹-173 Cr	-7.2%	-0.5%	-23%	-111
United Foodbrands LimitedUFBLUFBL	₹2,709 Cr	₹2,843 Cr	₹1,468 Cr	₹217 Cr	14.4%	₹-40 Cr	-4.6%	1.7%	-18%	-77
Spice Lounge Food Works LtdSPICELOUNGSPICELOUNG	₹1,945 Cr	₹1,990 Cr	₹2 Cr	₹1 Cr	23.9%	₹0 Cr	11.7%	0.4%	0.3%	424
Speciality Restaurants LimitedSPECIALITYSPECIALITY	₹740 Cr	₹740 Cr	₹495 Cr	₹90 Cr	17.4%	₹23 Cr	4.4%	9.7%	6.5%	-53
Coffee Day Enterprises LimitedCOFFEEDAYCOFFEEDAY	₹627 Cr	₹1,206 Cr	₹1,136 Cr	₹165 Cr	12.2%	₹176 Cr	18.8%	1.3%	7.5%	13
Vegorama Punjabi Angithi LtdVPALVPAL	₹395 Cr	—	₹141 Cr	₹16 Cr	11.7%	₹12 Cr	8.6%	—	—	—
Gourmet Gateway India LtdGOURMETGOURMET	₹157 Cr	₹167 Cr	₹193 Cr	₹30 Cr	15.4%	₹-0 Cr	0.1%	6.7%	-0.8%	-64

Date	Category	Subject	Filing
15 Sept 2026, 5:19 pm	Company Update Analyst / Investor Meet	Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation	PDF
15 Sept 2026, 8:16 am	Company Update Change in Management	Announcement under Regulation 30 (LODR)-Change in Management	PDF
11 Sept 2026, 8:38 pm	Company Update General	Communication To Shareholders - Intimation For Payment Of Dividend For FY 2025-26 Through Electronic Means	PDF
11 Sept 2026, 1:50 pm	Company Update Newspaper Publication	Announcement under Regulation 30 (LODR)-Newspaper Publication	PDF
11 Sept 2026, 11:19 am	Company Update Change in Management	Announcement under Regulation 30 (LODR)-Change in Management	PDF
10 Sept 2026, 3:48 pm	Company Update Analyst / Investor Meet	Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation	PDF

₹ Cr	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	212	204	409	424	728	751	930	1,026	1,010	1,668	1,894
	-200	-188	-332	-457	-99	-602	-654	-595	-1,285	-850	-1,084
	-18	-15	-35	-17	-461	-289	-307	-426	377	-849	-780
Net cash flow	-6	0	42	-51	168	-140	-31	5	102	-32	29
Free cash flow	-16	3	290	256	438	532	539	233	168	805	895
CFO / Operating profit %	80.3%	84.4%	92.9%	70.6%	83.1%	97.3%	83.9%	89.1%	88.3%	106.1%	100.3%

Jubilant Foodworks Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Ratios

Ratio timeline

Shareholding

Quarterly record

Insider dealing

Bulk & block deals

Board and management

F&O

Futures3

Option chain31

Fund holders

Documents

Announcements

Annual reports

Credit ratings

Investor Presentation and earnings call

Events

Dividends3

Board meetings1

Stock splits1

Announcements

Dividends3

Board meetings1

Stock splits1

Ratio timeline

Announcements

Annual reports

Credit ratings

Investor Presentation and earnings call

Quarterly record

Insider dealing

Bulk & block deals

Board and management

Futures3

Option chain31

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

3

31

3

1

1

3

1

1

3

31