GURUFOCUS.COM » STOCK LIST » Consumer Defensive » Consumer Packaged Goods » Grill Splendour Services Ltd (NSE:BIRDYS) » Definitions » ROE %

Grill Splendour Services (NSE:BIRDYS) ROE % : 29.60% (As of Sep. 2023)


View and export this data going back to 2024. Start your Free Trial

What is Grill Splendour Services ROE %?

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Grill Splendour Services's annualized net income for the quarter that ended in Sep. 2023 was ₹10.13 Mil. Grill Splendour Services's average Total Stockholders Equity over the quarter that ended in Sep. 2023 was ₹34.24 Mil. Therefore, Grill Splendour Services's annualized ROE % for the quarter that ended in Sep. 2023 was 29.60%.

The historical rank and industry rank for Grill Splendour Services's ROE % or its related term are showing as below:

NSE:BIRDYS's ROE % is not ranked *
in the Consumer Packaged Goods industry.
Industry Median: 7.01
* Ranked among companies with meaningful ROE % only.

Grill Splendour Services ROE % Historical Data

The historical data trend for Grill Splendour Services's ROE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Grill Splendour Services ROE % Chart

Grill Splendour Services Annual Data
Trend Mar21 Mar22 Mar23
ROE %
- Negative Equity 196.66

Grill Splendour Services Semi-Annual Data
Mar21 Mar22 Mar23 Sep23
ROE % - - - 29.60

Competitive Comparison of Grill Splendour Services's ROE %

For the Packaged Foods subindustry, Grill Splendour Services's ROE %, along with its competitors' market caps and ROE % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Grill Splendour Services's ROE % Distribution in the Consumer Packaged Goods Industry

For the Consumer Packaged Goods industry and Consumer Defensive sector, Grill Splendour Services's ROE % distribution charts can be found below:

* The bar in red indicates where Grill Splendour Services's ROE % falls into.


;
;

Grill Splendour Services ROE % Calculation

Grill Splendour Services's annualized ROE % for the fiscal year that ended in Mar. 2023 is calculated as

ROE %=Net Income (A: Mar. 2023 )/( (Total Stockholders Equity (A: Mar. 2022 )+Total Stockholders Equity (A: Mar. 2023 ))/ count )
=19.91/( (0.169+20.079)/ 2 )
=19.91/10.124
=196.66 %

Grill Splendour Services's annualized ROE % for the quarter that ended in Sep. 2023 is calculated as

ROE %=Net Income (Q: Sep. 2023 )/( (Total Stockholders Equity (Q: Mar. 2023 )+Total Stockholders Equity (Q: Sep. 2023 ))/ count )
=10.134/( (20.079+48.4)/ 2 )
=10.134/34.2395
=29.60 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

In the calculation of annual ROE %, the net income of the last fiscal year and the average total shareholder equity over the fiscal year are used. In calculating the quarterly data, the net income data used here is two times the semi-annual (Sep. 2023) net income data. ROE % is displayed in the 30-year financial page.


Grill Splendour Services  (NSE:BIRDYS) ROE % Explanation

ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.

The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:

ROE %(Q: Sep. 2023 )
=Net Income/Total Stockholders Equity
=10.134/34.2395
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(10.134 / 134.124)*(134.124 / 127.1295)*(127.1295 / 34.2395)
=Net Margin %*Asset Turnover*Equity Multiplier
=7.56 %*1.055*3.7129
=ROA %*Equity Multiplier
=7.98 %*3.7129
=29.60 %

With this breakdown, it is clear that if a company grows its Net Profit Margin, its Asset Turnover, or its Leverage, it can grow its ROE %.

The factors that affect a company's ROE % can also be illustrated with the five-step DuPont Analysis:

ROE %(Q: Sep. 2023 )
=Net Income/Total Stockholders Equity
=10.134/34.2395
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (10.134 / 13.438) * (13.438 / 15.96) * (15.96 / 134.124) * (134.124 / 127.1295) * (127.1295 / 34.2395)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 0.7541 * 0.842 * 11.9 % * 1.055 * 3.7129
=29.60 %

Note: The net income data used here is two times the semi-annual (Sep. 2023) net income data. The Revenue data used here is two times the semi-annual (Sep. 2023) revenue data. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Be Aware

Net Income is used.

Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.

Asset light businesses require very few assets to generate very high earnings. Their ROE %s can be extremely high.


Grill Splendour Services ROE % Related Terms

Thank you for viewing the detailed overview of Grill Splendour Services's ROE % provided by GuruFocus.com. Please click on the following links to see related term pages.


Grill Splendour Services Business Description

Traded in Other Exchanges
N/A
Address
Wadala Truck Terminal Road, 1st Floor, Plot - 8, J1, C105, Shram Siddhi Vinayak Premises Co-Op Soc Ltd, Antop Hill, Mumbai, MH, IND, 400037
Grill Splendour Services Ltd operates through a chain of gourmet Bakery and Patisserie in Mumbai. It has 20 retail stores, a centralized production facility, and multiple corporate clients. Out of the 20 retail stores, 5 stores are running under the franchisee model (franchisee owned, and company operated) and the rest 15 stores are owned by the company. Its product categories include Cakes & Pastries, Food Sales, Beverages, and Desert Sales.

Grill Splendour Services Headlines

No Headlines