Barbeque Nation Hospitality Ltd. (BARBEQUE) AI Stock Analysis

• Market Cap: ₹9.63B
• Dividend Yield: N/A
• Average Volume (3M): 8.12K
• Price to Earnings (P/E): ―
• Beta (1Y): 1.16
• Revenue Growth: -1.36%
• EPS Growth: -516.77%
• Country: IN
• Employees: 5,616
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Restaurants
• EPS (TTM): -1.81
• Shares Outstanding: 39,086,388
• 10 Day Avg. Volume: 3,334
• 30 Day Avg. Volume: 8,122
• PEG Ratio: -0.38
• Price to Book (P/B): 3.10
• Price to Sales (P/S): 0.91
• P/FCF Ratio: 10.19
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 51 Neutral
• Price Target: ₹255.00 ▲(35.96% Upside)

The score is held down primarily by weak financial performance (ongoing losses and high leverage) and unattractive valuation (negative P/E). Technicals provide partial support due to a strong uptrend, but overbought signals (high RSI) temper the near-term outlook.

Positive Factors

Operating cash generation

Consistent positive operating cash flow that exceeds accounting losses indicates the business converts sales into cash at the store level. That cash buffer supports working capital, routine capex and debt service, reducing short-term refinancing risk and improving operational resilience.

Strong brand & franchise model

A differentiated dine-in concept (grill-at-table, buffet) and multiple concepts give durable customer appeal and pricing power. Franchise arrangements provide an asset-light growth channel and recurring royalty-like revenue, supporting scalable expansion without proportional capital intensity.

Stable gross margins

Relatively stable gross margins suggest core unit economics (menu pricing vs. food costs) are resilient. Stable unit profitability supports recovery if footfall returns and provides a foundation for operating leverage as fixed costs are absorbed across more volumes.

Negative Factors

High leverage (debt-to-equity >2)

Very high debt-to-equity increases vulnerability to interest rate moves and revenue volatility. Leverage constrains strategic flexibility, raises mandatory cash outflows for servicing debt, and increases refinancing risk over the next 2-6 months if operational performance does not stabilize.

Persistent net losses

Ongoing net losses erode shareholder equity and limit retained earnings for reinvestment. Persistent unprofitability complicates long-term return generation, reduces margin for error during downturns, and may force reliance on external capital if cash buffers weaken.

Volatile free cash flow

Negative and volatile free cash flow undermines ability to fund expansion, reduce debt, or sustain dividends without external capital. Coupled with recent revenue declines, this volatility increases financing risk and limits the company’s capacity to execute growth initiatives reliably.

Barbeque Nation Hospitality Ltd. Business Overview & Revenue Model

Company Description

United Foodbrands Ltd. engages in setting up and managing the restaurant business. It owns and operates casual dining chains in India. The company was founded in 2006 and is headquartered in Bangalore, India.

How the Company Makes Money

Barbeque Nation generates revenue primarily through its dine-in services at its restaurants, where customers pay for an all-you-can-eat buffet model that includes a selection of starters, main courses, and desserts. The company also earns money through takeout and delivery services, catering events, and special promotional packages. Additionally, BARBEQUE capitalizes on brand partnerships and collaborations, enhancing its offerings and marketing reach. The growing trend of experiential dining and the increasing popularity of barbecue cuisine further contribute to the company's earnings, alongside strategic expansions into new locations to capture a broader customer base.

Barbeque Nation Hospitality Ltd. Financial Statement Overview

Summary

Financials are mixed: revenues have recently declined and net income remains consistently negative, while leverage is high (elevated debt-to-equity). Offsetting this, operating cash flow is positive and exceeds net income, indicating better cash generation than reported earnings despite volatile free cash flow.

Income Statement

The company has shown fluctuating revenue with recent declines, as indicated by a slight decrease from 2024 to 2025. Gross profit margins have remained relatively stable, but net income is consistently negative, pointing to challenges in cost management or operational efficiency. EBIT and EBITDA margins show some volatility, reflecting potential instability in core operations.

Balance Sheet

The balance sheet reveals high leverage with a debt-to-equity ratio significantly above 2.0, indicating potential financial risk. However, the equity ratio is reasonable, suggesting a fair portion of assets are funded by equity. Return on equity is negative due to net losses, which is a concern for investors seeking profitability.

Cash Flow

Cash flows are positive, with operating cash flow exceeding net income, indicating good cash-generating ability despite accounting losses. However, free cash flow has seen some volatility, and the free cash flow growth rate is negative, reflecting potential challenges in sustaining cash reserves.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	12.24B	12.33B	12.55B	12.34B	8.60B	5.07B
Gross Profit	4.44B	5.31B	5.39B	5.51B	3.37B	1.84B
EBITDA	2.10B	2.11B	2.27B	2.42B	1.61B	944.98M
Net Income	-393.34M	-277.85M	-134.09M	170.17M	-256.02M	-904.64M
Balance Sheet
Total Assets	0.00	13.14B	12.77B	12.59B	11.41B	11.38B
Cash, Cash Equivalents and Short-Term Investments	171.10M	171.10M	384.87M	425.60M	853.41M	2.45B
Total Debt	0.00	7.58B	6.86B	6.85B	6.10B	6.55B
Total Liabilities	-3.71B	9.43B	8.74B	8.50B	7.46B	8.90B
Stockholders Equity	3.71B	3.63B	3.93B	4.01B	3.86B	2.44B
Cash Flow
Free Cash Flow	0.00	1.10B	1.33B	816.06M	-470.26M	536.00M
Operating Cash Flow	0.00	1.93B	2.21B	2.28B	373.42M	679.26M
Investing Cash Flow	0.00	-898.96M	-1.06B	-1.52B	-901.64M	-71.76M
Financing Cash Flow	0.00	-1.22B	-1.21B	-1.19B	-1.30B	1.70B

Barbeque Nation Hospitality Ltd. Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 187.55
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:BARBEQUE, the sentiment is Positive. The current price of 187.55 is below the 20-day moving average (MA) of 200.81, below the 50-day MA of 194.56, and below the 200-day MA of 252.55, indicating a neutral trend. The MACD of 9.95 indicates Negative momentum. The RSI at 66.90 is Neutral, neither overbought nor oversold. The STOCH value of 79.81 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:BARBEQUE.

Barbeque Nation Hospitality Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
DEVYANI	63 Neutral	₹152.01B	-372.74	―	―	20.91%	-202.35%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
JUBLFOOD	61 Neutral	₹340.71B	92.10	―	0.21%	29.48%	-6.19%
SAPPHIRE	59 Neutral	₹65.16B	-9,184.87	―	―	10.18%	-104.25%
SPECIALITY	56 Neutral	₹5.46B	25.38	―	0.87%	6.66%	-21.40%
WESTLIFE	52 Neutral	₹74.38B	263.06	―	0.14%	6.65%	73.46%
BARBEQUE	51 Neutral	₹9.63B	-14.29	―	―	-1.36%	-516.77%