Recently Angel Broking has come out with a research report on Jubilant Foodworks. According to the research report Angel has recommended a BUY rating on JUBLFOOD. I will analyse the pros and cons of the company at current valuations and will analyse the Jubilant Foodworks share price forecast by the brokerage house.
About The Company – Jubilant Foodworks:
- Jubilant Foodworks is the owner of Dominos Pizza and its a well known name on the food lovers all over the majr metros of India.
- They opened their first store on New Delhi on 1996.
- They have added 150 stores all over India every year for the last 4 years.
- They are gunning for 2000 stores by 2020-2021.
- They have a per store stringent investment pay back period of ~3 years.
- Eased a bit on their per store investment pay back period.
- They do not have any franchise stores / all stores are their own.
- All stores are profitable from day 1.
- Growth of QSR seen at SSSG of 10%-15%.
James Monaghon was the co-founder of Dominos. He sold off his share for a second-hand car. Dominos is focussing more on increasing stores in the big cities than on the smaller cities. They are basically following the China model of KFC. KFC is opening around 400 stores a year every year. Jubilant is a step behind in the rate but they are also following the same model.
Check the image below for the companies last 10 years financial data and other fundamental dats.
So the financial data is very strong for the company. This is also a big positive for the company that they are almost debt free. Investors should invest in these kinds of companies for long term gains.
When I am writing this post the Jubilant Foodworks share price is quoting around Rs. 1247. As per the Jubilant Foodworks share price forecast done by Angel Broking investors can consider buying this stock. We suggest buying some at this level and add more in any dips. This stock should be a multibagger in coming years.
You can download the full research report from below. You need to use any of the social share buttons to unlock the download link.
Indrajit is a professional blogger and trading system developer. Amibroker expert, Wordpress expert, SEO expert and stock market analyst.Trading since 2002, he has started the journey of StockManiacs.net on 2008. He follows Indian and world stock markets closely.