Grill Splendour Services Ltd.

Grill Splendour Services Ltd.

NNSE:BIRDYS
74.35
INR
+1.20
(+1.64%)
668.67MMarket Cap
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
2026 Y
TTM
Revenue per Share
15.83
22.09
29.36
23.51
19.7
16.15
- -
Basic EPS, GAAP
-0.07
0.07
3.82
-0.46
-9.12
-16.98
- -
Free Cash Flow per Basic Share
0.61
0.05
4.36
-1.32
-17.6
-14.38
- -
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
-0.03
0.03
3.86
7.86
44.35
30.83
30.83
Tangible Book Value per Share
-0.06
0.01
3.84
7.86
44.33
30.82
30.82
Basic Weighted Avg Shares
5
5
5
5
5
6
6
Sales/Revenue/Turnover
82
115
153
122
103
102
- -
Operating Margin (%)
0.68
1.09
17.78
6.02
-55.87
-69.68
- -
Depreciation Expense
1
1
2
2
5
8
- -
Net Income, GAAP
- -
- -
20
-2
-47
-107
- -
Effective Tax Rate (%)
- -
- -
20.74
- -
- -
- -
- -
Profit Margin (%)
-0.44
0.3
13.02
-1.94
-46.3
-105.15
- -
Working Capital
-6
-2
-1
-111
25
-14
-14
LT Debt
6
12
20
29
29
23
23
Total Equity
- -
- -
20
41
231
194
194
Return on Invested Capital (%)
- -
11.8
63.33
- -
- -
- -
- -
Return on Capital (%)
- -
12.25
67.47
- -
- -
- -
- -
Return on Common Equity (%)
- -
- -
196.66
-7.78
-34.93
-50.35
- -

Capital Structure

INR

•

in mil. unless spec.
Mar'25
Sep'26
Mar'26
ST Debt
7
2
11
LT Borrowings
29
30
23
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
5
5
6
Market Capitalization
514
635
669

Working Capital

INR

•

in mil. unless spec.
Mar'25
Sep'26
Mar'26
Total Current Assets
57
30
20
Cash, Cash Equivalents & STI
30
5
3
Accounts Receivable, Net
21
18
2
Inventories
2
3
2
Total Current Liabilities
32
25
34
Payables & Accruals
- -
- -
- -
ST Debt
7
2
11
Deferred Revenue
- -
- -
- -

Growth Rates

INR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
- -
2,427.54%
-15.8%
Free Cash Flow
- -
1,868.43%
-1.02%
Net Income, GAAP
- -
1,474.48%
125.53%
Sales/Revenue/Turnover
- -
7.12%
-0.7%
Total Cash Common Dividend
- -
- -
- -

Semi-annual Revenue

INR

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
122
2025
- -
- -
103
2026
- -
- -
102

Semi-annual Earnings Per Share

INR

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
-0.46
2025
- -
- -
-9.12
2026
- -
- -
-16.98

Semi-annual Dividends Per Share

INR

•

in mil. unless spec.

Year

H1
H2
FY
2024
- -
- -
- -
2025
- -
- -
- -
2026
- -
- -
- -

Company Description

Sector
Consumer non-durables
Industry
Food: specialty/candy
Address
Mumbai India
IPO Date
Apr 23, 2024
Business
Grill Splendour Services Limited is an India-based hospitality and food services company primarily engaged in the manufacturing, retail, and distribution of gourmet bakery, confectionery, and patisserie products, as well as the provision of institutional and corporate catering services. Founded in 2019 and headquartered in Mumbai, Maharashtra, India, the company operates a network of retail bakery stores primarily under the flagship brand Birdy's Bakery and Patisserie across the Mumbai Metropolitan Region, including Mumbai, Thane, and Navi Mumbai. The company organizes its offerings into systematic product and service categories, including: fresh celebration cakes, customized designer cakes, pastries, cupcakes, tarts, and brownies; artisanal breads, multigrain loaves, buns, baguettes, and dinner rolls; savory baked goods, including puffs, patties, croissants, sandwiches, wraps, and savory quiches; handcrafted chocolates, confectionery gift hampers, dry cookies, tea cakes, and biscottis; and corporate food solutions, providing packed executive meal boxes, conference catering, daily corporate cafeteria catering, and outdoor event catering services to corporate clients, institutions, and individual retail consumers. In recent developments, Grill Splendour Services completed its Initial Public Offering in April 2024 and listed its equity shares on the National Stock Exchange of India SME platform (NSE Emerge) to fund retail store expansion and working capital requirements. Over the last two years, the company has undertaken strategic expansions to increase its retail footprint through new company-operated and franchise-operated Birdy's outlets and express kiosks across Western India, upgraded its central commissary and manufacturing infrastructure in Mumbai to improve production capacities and supply chain efficiencies, expanded third-party food delivery and quick-commerce integrations, and introduced new health-focused, eggless, and specialty bakery product lines.