---
title: "Indage Restaurants & Leisure Ltd (532264) — Share Price, Financials & Analysis"
symbol: "532264"
company: "Indage Restaurants & Leisure Ltd"
canonical: "https://tapetide.com/stocks/532264"
isin: "INE525H01013"
bse_code: "532264"
sector: "Fast Moving Consumer Goods"
industry: "Beverages"
generated_at: "2026-09-13T18:58:36.175Z"
---

# Indage Restaurants & Leisure Ltd (532264)

Canonical page: https://tapetide.com/stocks/532264

## Company

- **BSE Code:** 532264
- **ISIN:** INE525H01013
- **Sector:** Fast Moving Consumer Goods
- **Industry:** Beverages
- **Macro Sector:** Fast Moving Consumer Goods
- **Stock Type:** EQUITY
- **Face Value:** ₹3
- **F&O Eligible:** No
- **Website:** indagegroup.com

## About

Indage Restaurants & Leisure Ltd (Indage Restaurants), a leading F&B company was established in 1968. Indage Restaurants brought Nandos, an international chain of restaurants in India in Dec 2005. Nandos operational format consists of food courts in malls, having adopted both the direct and franchisee business models.

## Latest Price

## Key Insights

### Strengths

- Debtor days have improved from 69.0 to 46.8 days.
- Company's working capital requirements have reduced from 248 days to 107 days

### Weaknesses

- Company has low interest coverage ratio.

## Growth Rates

| Metric | 1Y |
| --- | --- |
| net income growth | -142% |
| revenue growth | 11% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 491 | 541 | 601 | 539 | 545 | 602 | 660 | 597 | 603 | 670 | 731 | 660 |
| Expenses | 375 | 395 | 424 | 398 | 401 | 432 | 458 | 443 | 434 | 478 | 506 | 480 |
| Operating Profit | 116 | 146 | 178 | 141 | 145 | 170 | 202 | 154 | 169 | 192 | 224 | 179 |
| OPM % | 24 | 27 | 30 | 26 | 27 | 28 | 31 | 26 | 28 | 29 | 31 | 27 |
| Other Income | 14 | 14 | 18 | 18 | 18 | 21 | 22 | 25 | 26 | 28 | 25 | -6 |
| Interest | 9 | 8 | 8 | 7 | 7 | 6 | 6 | 5 | 5 | 5 | 5 | 7 |
| Depreciation | 38 | 35 | 36 | 36 | 37 | 35 | 35 | 36 | 36 | 35 | 40 | 42 |
| Profit before tax | 83 | 118 | 152 | 116 | 120 | 150 | 183 | 138 | 153 | 181 | 204 | 124 |
| Tax % | 32 | 29 | 27 | 29 | 28 | 28 | 29 | 29 | -1 | 26 | 25 | 26 |
| Net Profit | 57 | 84 | 111 | 82 | 86 | 108 | 131 | 98 | 156 | 134 | 152 | 91 |
| EPS in Rs | 3.4 | 4.95 | 6.55 | 4.87 | 5.06 | 6.37 | 7.73 | 5.78 | 9.26 | 7.9 | 8.99 | 5.4 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2009 | Mar 2010 |
| --- | --- | --- |
| Sales | 27 | 30 |
| Expenses | 27 | 39 |
| Operating Profit | 1 | -8 |
| OPM % | 2.2 | -28 |
| Other Income | -7 | -1 |
| Interest | 3 | 5 |
| Depreciation | 5 | 6 |
| Profit before tax | -15 | -21 |
| Tax % | 1 | 0 |
| Net Profit | -15 | -20 |
| EPS in Rs | -3.93 | -5.49 |
| Dividend Payout % | 0 | 0 |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2009 | Mar 2010 |
| --- | --- | --- |
| Equity Capital | 11 | 11 |
| Reserves | 0 | -22 |
| Borrowings | 58 | 59 |
| Other Liabilities | 13 | 19 |
| Total Liabilities | 82 | 68 |
| Fixed Assets | 36 | 36 |
| CWIP | 4 | 4 |
| Investments | 0 | 0 |
| Other Assets | 42 | 28 |
| Total Assets | 82 | 68 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2009 | Mar 2010 |
| --- | --- | --- |
| Cash from Operating Activity | — | 10 |
| Cash from Investing Activity | — | 0 |
| Cash from Financing Activity | — | -10 |
| Net Cash Flow | — | 0 |
| Free Cash Flow | — | 10 |
| CFO/OP | — | -118 |

### Ratios

| Item | Mar 2009 | Mar 2010 |
| --- | --- | --- |
| Debtor Days | 91 | 47 |
| Inventory Days | 305 | 146 |
| Days Payable | 376 | 369 |
| Cash Conversion Cycle | 20 | -176 |
| Working Capital Days | 388 | 107 |
| ROCE % | — | -22 |

## Shareholding Pattern

### annual

| Category | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Dec 2025 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 58.22% | 57.42% | 56.91% | 56.77% | 55.23% | 55.23% | 55.03% | 54.6% | 53.91% | 53.21% |
| FIIs | 10% | 13.28% | 17.75% | 20.01% | 26.01% | 23.44% | 24.89% | 26.15% | 23.9% | 20.29% |
| DIIs | 6.42% | 11.68% | 8.42% | 9.94% | 7.52% | 6.83% | 6.56% | 9.4% | 15.79% | 19.2% |
| Government | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0.29% | 0.29% | 0.01% |
| Public | 23.49% | 16.35% | 15.72% | 12.23% | 10.37% | 13.8% | 13.01% | 9.24% | 5.84% | 6.94% |
| Others | 1.86% | 1.27% | 1.2% | 1.04% | 0.87% | 0.7% | 0.51% | 0.32% | 0.27% | 0.35% |
| No. of Shareholders | 36928 | 46444 | 39614 | 60458 | 68845 | 171846 | 180163 | 146741 | 115699 | 116167 |

### Quarterly

| Category | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 55.03% | 55.01% | 54.61% | 54.6% | 54.6% | 54.6% | 53.92% | 53.91% | 53.91% | 53.79% | 53.21% | 53.21% |
| FIIs | 24.89% | 23.27% | 24.35% | 25.36% | 26.15% | 25.43% | 26.82% | 26.82% | 23.9% | 21.69% | 21.86% | 20.29% |
| DIIs | 6.56% | 8.34% | 8.85% | 9.27% | 9.4% | 12.42% | 12.6% | 12.88% | 15.79% | 17.62% | 18.22% | 19.2% |
| Government | 0% | 0.29% | 0.29% | 0.29% | 0.29% | 0.29% | 0.29% | 0.29% | 0.29% | 0.29% | 0.27% | 0.01% |
| Public | 13.01% | 12.65% | 11.48% | 10.12% | 9.24% | 6.95% | 6.02% | 5.82% | 5.84% | 6.22% | 6.07% | 6.94% |
| Others | 0.51% | 0.44% | 0.41% | 0.37% | 0.32% | 0.3% | 0.33% | 0.28% | 0.27% | 0.39% | 0.37% | 0.35% |
| No. of Shareholders | 180163 | 174444 | 160679 | 149901 | 146741 | 131189 | 116606 | 116236 | 115699 | 118656 | 112703 | 116167 |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 30 Jan - Audio recording of Q3 & 9M FY26 earnings call posted on company website (Jan 30, 2026). | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome 30 Jan - Audio recording of Q3 & 9M FY26 earnings call posted on company website (Jan 30, 2026).](https://www.bseindia.com/xml-data/corpfiling/AttachHis/2034b9bd-c240-4e23-a01c-d0a94bd3c0c8.pdf) |
| 11h - NCLT approved dissolution Feb 27, 2026; Suburban contributed INR164.03 Cr turnover (7.37%), INR126.62 Cr net worth (7.05%). | [Update On Voluntary Liquidation Of Suburban Diagnostics (India) Private Limited (A Wholly Owned Subsidiary Of The Company)-Receipt Of NCLT Order 11h - NCLT approved dissolution Feb 27, 2026; Suburban contributed INR164.03 Cr turnover (7.37%), INR126.62 Cr net worth (7.05%).](https://www.bseindia.com/xml-data/corpfiling/AttachLive/70c504d4-71c7-4627-8712-6f8040e4fcb1.pdf) |
| — | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 3 Feb](https://www.bseindia.com/xml-data/corpfiling/AttachHis/3db9cf3d-f05f-41d3-a382-02c1ba6966ce.pdf) |
| — | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript 3 Feb](https://www.bseindia.com/xml-data/corpfiling/AttachHis/49771ba0-e85e-4a5e-874e-143583c5be01.pdf) |
| — | [Announcement under Regulation 30 (LODR)-Newspaper Publication 31 Jan](https://www.bseindia.com/xml-data/corpfiling/AttachHis/cb894f3c-7ca7-49dd-8d12-ef1a4b25ea16.pdf) |
| — | [Announcement under Regulation 30 (LODR)-Investor Presentation 30 Jan](https://www.bseindia.com/xml-data/corpfiling/AttachHis/a727d4d4-3877-427b-aef9-e6796c657495.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Oct 2024 | [Concall - Oct 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/e8e67b58-df7c-4fd4-810e-72f8a80eb900.pdf) |
| Nov 2025 | [Concall - Nov 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/72aaf1b0-aee8-4662-80c6-b79ce815de67.pdf) |
| Nov 2023 | [Concall - Nov 2023](https://www.bseindia.com/xml-data/corpfiling/AttachHis/220eb50a-c82a-48b5-b6eb-f62e376573c0.pdf) |
| Nov 2022 | [Concall - Nov 2022](https://www.bseindia.com/xml-data/corpfiling/AttachHis/b7dbd2cd-51b7-41a8-adbe-48db00e721fa.pdf) |
| Nov 2021 | [Concall - Nov 2021](https://www.bseindia.com/xml-data/corpfiling/AttachHis/e19bfc39-43e6-45b1-add1-9e49fdacc488.pdf) |
| Nov 2020 | [Concall - Nov 2020](https://www.bseindia.com/xml-data/corpfiling/AttachHis/2df60abf-bc6d-4914-9668-72c84e5a83fa.pdf) |
| Nov 2020 | [Concall - Nov 2020](https://www.bseindia.com/xml-data/corpfiling/AttachHis/3e6293e2-f8e8-49c5-808b-9d277d9f2a69.pdf) |
| Nov 2019 | [Concall - Nov 2019](https://www.bseindia.com/xml-data/corpfiling/AttachHis/b9ad65cc-90cd-4cc9-862d-5d148604dc52.pdf) |
| Nov 2019 | [Concall - Nov 2019](https://www.bseindia.com/xml-data/corpfiling/AttachHis/c8bbf481-7c8f-45fc-ac79-02a2317433a0.pdf) |
| Nov 2018 | [Concall - Nov 2018](https://www.bseindia.com/xml-data/corpfiling/CorpAttachment/2018/11/f9f58f16-4cf6-488a-b533-bc077ec7b6a4.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from bse | [Financial Year 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/04824377-45e8-4be4-a48a-679fe1bb9e47.pdf) |
| from bse | [Financial Year 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/720e725b-efc6-44f3-a3e6-b425901a25ba.pdf) |
| from bse | [Financial Year 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/cac948d4-dee1-4ea9-9a68-b138e9d20526.pdf) |
| from bse | [Financial Year 2022 from bse](https://www.bseindia.com/bseplus/AnnualReport/539524/73150539524.pdf) |
| from bse | [Financial Year 2021 from bse](https://www.bseindia.com/bseplus/AnnualReport/539524/68777539524.pdf) |
| from bse | [Financial Year 2020 from bse](https://www.bseindia.com/bseplus/AnnualReport/539524/5395240320.pdf) |
| from bse | [Financial Year 2019 from bse](https://www.bseindia.com/bseplus/AnnualReport/539524/5395240319.pdf) |
| from bse | [Financial Year 2018 from bse](https://www.bseindia.com/bseplus/AnnualReport/539524/5395240318.pdf) |
| from bse | [Financial Year 2017 from bse](https://www.bseindia.com/bseplus/AnnualReport/539524/5395240317.pdf) |
| from bse | [Financial Year 2016 from bse](https://www.bseindia.com/bseplus/AnnualReport/539524/5395240316.pdf) |

---

Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T18:58:36.175Z.