Travel Food Services (TRAVELFOOD) had a P/E of 32.6× on 6 Nov 2026, in line with the industry P/E of 32.6×, and the shares are 20% below their 52-week high. Its ROCE of 42% is the highest among the 7 largest Restaurants peers, and sales and net profit grew 16% and 22% a year over 3 years. Its dividend yield is 0.9%, and debt is 0.17× equity. It is a small-cap company with a market cap of ₹15,474 Cr, ranked 3rd of 16 Restaurants companies by market cap; the shares fell 9.8% over the past year.
- ₹1,179.00
- ₹1,186.70
- ₹1,156.30
- ₹1,186.70
- 18.8K
Health check
- ReturnsIn line
−9.8% over a year, better than 4 of 7 peers.
- Price tagIn line
P/E 32.6 vs industry 32.6.
- GrowthStrong
Sales +15.6%, profit +21.8% a year over 3 years.
- ProfitabilityStrong
ROCE 41.8% vs peer median 4.3%.
- Balance sheetSolid
Debt 0.17× equity, interest covered 10.3×, Piotroski 7 of 9.
- Red flagsNone found
No warning signs in the headline numbers.
Small cap
Market sensitivity
Key metrics
- Market cap
- ₹15,474 Cr
- Small cap
- P/E
- 32.6
- Industry 32.6
- Price to book
- 10.73
- Peers 6.73
- Dividend yield
- 0.87%
- ROE
- 35.3%
- Peers −0.1%
- ROCE
- 41.8%
- Peers 4.3%
- Debt to equity
- 0.17
- Debt ₹245 Cr
- EPS (TTM)
- ₹36.07
- Face value ₹1
- OPM (TTM)
- 38.5%
- Net margin 27.6%
- Sales growth
- +20.6%
- Latest quarter vs a year ago
- Profit growth
- +38.1%
- Latest quarter vs a year ago
- Price to sales
- 8.97
- EV/EBITDA 21.8
Strengths and risks
Strengths
- Return on equity of 35.3%.
- Return on capital employed of 41.8%.
- Quarterly profit up 38.1% on a year ago.
- Quarterly sales up 20.6% on a year ago.
- Net margin of 27.6%.
About Travel Food Services
Travel Food Services Limited, together with its subsidiaries, manages and operates travel quick service restaurant outlets and lounges in India and internationally. The company engages in the operation of fast foods, cafes, bakeries, restaurants, and bars, as well as airport lounges. It is also involved in the development and management of technology infrastructure and related services for airport operations; provision of food, beverage, and hospitality…
- Headquarters
- Mumbai
- Employees
- 4,394
- Sector
- Consumer Cyclical
- ISIN
- INE103V01028
- Website
- travelfoodservices.com
Price range
- Avg volume (3M)
- 56.9K
- 1-year return
- minus 9.8%
- From 52-week high
- minus 20.1%
Peers · Restaurants
| Company | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| JUBLFOODJubilant Foodworks | 457.20 | plus 0.15% | 30,069 | 80.9 | 13.12 | 16.2% | 19.5% | 19.8% | 20.2% | 6.7% | 0.26% | minus 23.1% |
| DEVYANIDevyani International | 128.65 | minus 0.43% | 15,862 | – | 9.83 | 4.3% | −0.1% | 15.7% | 23.3% | – | 0.00% | minus 18.9% |
| TRAVELFOODTravel Food Services | 1,174.80 | minus 1.00% | 15,474 | 32.6 | 10.73 | 41.8% | 35.3% | 26.6% | 15.6% | 21.8% | 0.87% | minus 9.8% |
| WESTLIFEWESTLIFE FOODWORLD | 655.55 | plus 1.74% | 10,175 | 5042.7 | 16.90 | 9.0% | 0.3% | 13.3% | 4.8% | −33.8% | 0.12% | plus 10.1% |
| SAPPHIRESapphire Foods India | 210.06 | 0.00% | 6,759 | – | 4.48 | 3.1% | −0.4% | 2.9% | 11.3% | – | 0.00% | minus 26.3% |
| RBARestaurant Brands Asia | 88.62 | minus 5.99% | 6,312 | – | 3.53 | −0.6% | −12.5% | 0.5% | 11.0% | – | 0.00% | plus 39.9% |
| UFBLUnited Foodbrands | 538.70 | plus 3.78% | 2,107 | – | 6.73 | 1.4% | −8.1% | 14.8% | 2.8% | – | 0.00% | plus 159.6% |
| COFFEEDAYCoffee Day Enterprises | 31.48 | plus 3.96% | 665 | 3.8 | 0.24 | 7.8% | 7.5% | 14.5% | 6.6% | – | 0.00% | minus 25.2% |
| Median of 7 peers | – | 0.15% | 6,759 | 80.9 | 6.73 | 4.3% | −0.1% | 14.5% | 11.0% | −13.6% | 0.00% | −18.9% |
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 375 | 356 | 456 | 461 | 452 | |
| 229 | 221 | 275 | 274 | 290 | |
| 146 | 135 | 181 | 186 | 162 | |
| 38.9% | 38.0% | 39.7% | 40.4% | 35.8% | |
| 28.8 | 35 | 44.4 | 53 | 57.7 | |
| 8.7 | 8 | 9.8 | 37.4 | 7.9 | |
| 33.5 | 38.3 | 39 | 39.6 | 41.5 | |
| 132 | 124 | 177 | 162 | 170 | |
| 28.3% | 21.0% | 22.6% | 24.5% | 24.4% | |
| 91.8 | 95.8 | 133 | 121 | 127 | |
| 6.97 | 7.26 | 10.06 | 9.15 | 9.60 |
Profit & loss
- Sales CAGR 3Y
- +15.6%
- Profit CAGR 3Y
- +21.8%
- EPS CAGR 3Y
- +21.7%
- ROE
- 35.3%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 1,066 | 1,395 | 1,688 | 1,648 | |
| – | +30.9% | +20.9% | minus 2.4% | |
| 682 | 962 | 1,128 | 981 | |
| 384 | 433 | 560 | 667 | |
| 36.0% | 31.0% | 33.2% | 40.5% | |
| 66.4 | 97.1 | 83.7 | 117 | |
| 47.8 | 51.7 | 45.7 | 63.9 | |
| 83.1 | 111 | 126 | 150 | |
| 7.6 | 19.9 | 32.8 | 25.2 | |
| 327 | 387 | 504 | 595 | |
| 23.2% | 23.1% | 24.7% | 24.0% | |
| 244 | 288 | 363 | 441 | |
| – | +18.0% | +26.2% | +21.4% | |
| 18.52 | 21.85 | 27.58 | 33.42 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 3.9 | 3.9 | 13.2 | 13.2 | |
| 652 | 870 | 1,040 | 1,430 | |
| 383 | 416 | 333 | 245 | |
| 294 | 407 | 516 | 592 | |
| 1,332 | 1,696 | 1,903 | 2,280 | |
| 367 | 418 | 413 | 317 | |
| 17.3 | 33.4 | 43.1 | 30 | |
| 13 | 3.3 | 17.7 | 4.3 | |
| 460 | 565 | 689 | 918 | |
| 475 | 677 | 740 | 1,011 | |
| 1,332 | 1,696 | 1,903 | 2,280 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 322 | 353 | 515 | 393 | |
| −197 | −155 | −191 | −150 | |
| −104 | −172 | −343 | −221 | |
| 21 | 25.9 | −19.1 | 22.4 | |
| −37.9 | −78.9 | −61.9 | −39.4 | |
| 284 | 274 | 453 | 354 | |
| −4.2 | −75.7 | −198 | −60 |
Shareholding pattern
- Promoters86.17%
- Public13.83%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 30 Sep 2026 | 86.17% | 13.83% | minus 0.02 | |
| 30 Jun 2026 | 86.19% | 13.81% | 0.00 | |
| 31 Mar 2026 | 86.19% | 13.81% | 0.00 | |
| 31 Dec 2025 | 86.19% | 13.81% | 0.00 | |
| 30 Sep 2025 | 86.19% | 13.81% | – |
Major shareholders
Filings & events
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