---
title: "Grill Splendour Services Ltd (BIRDYS) — Share Price, Financials & Analysis"
symbol: "BIRDYS"
company: "Grill Splendour Services Ltd"
canonical: "https://tapetide.com/stocks/BIRDYS"
isin: "INE0PC901019"
nse_symbol: "BIRDYS"
sector: "Leisure Services"
industry: "Restaurants"
market_cap_cr: 62.23
generated_at: "2026-09-13T19:34:35.992Z"
---

# Grill Splendour Services Ltd (BIRDYS)

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

## Company

- **NSE Symbol:** BIRDYS
- **ISIN:** INE0PC901019
- **Sector:** Leisure Services
- **Industry:** Restaurants
- **Macro Sector:** Consumer Discretionary
- **Stock Type:** EQUITY
- **Listed Since:** 2024-04-23
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** birdys.in

## About

Incorporated in 2019, Grill Splendour 
Services Ltd provides restaurant and 
café services[1]

## Latest Price

- **Price:** ₹85.45
- **Change:** -4.45 (-4.95%)
- **Open:** ₹85.45
- **Day High:** ₹85.45
- **Day Low:** ₹85.45
- **Previous Close:** ₹89.9
- **Volume:** 1200
- **As Of:** 2026-09-11T09:59:40+00:00

## Key Fundamentals

Observed at 2026-09-11T04:37:32.834181Z.

- **Market Cap:** ₹62.23 Cr
- **Classification:** SME
- **P/E (reported):** -6
- **Book Value:** ₹36.95
- **Price to Book:** 2.43
- **Dividend Yield:** 0%
- **ROE:** -20.56%
- **ROCE:** -21.68%
- **Debt to Equity:** 0.16
- **Revenue (yearly):** ₹10.19 Cr
- **Net Income:** ₹-12.36 Cr
- **EBITDA:** ₹-11.21 Cr
- **52-Week High:** ₹151.9
- **52-Week Low:** ₹81.95
- **RSI (14):** 36.84

## Key Insights

### Weaknesses

- Stock is trading at 2.77 times its book value
- Company has low interest coverage ratio.
- Promoter holding has decreased over last quarter: -3.38%
- The company has delivered a poor sales growth of 4.31% over past five years.
- Promoter holding is low: 26.9%
- Company has a low return on equity of -28.6% over last 3 years.

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| cash flow growth | — | -245.53% | — |
| ebitda margin growth | 117.33% | — | — |
| net income growth | 162.98% | — | — |
| revenue growth | -1.07% | -13% | 4% |
| roce | -396.17% | -133.9% | 13.58% |
| roe | 254.48% | 24.27% | -110.03% |

## Financial Statements

### Quarterly Results

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

| Item | Mar 2023 | Sep 2023 | Mar 2024 | Sep 2024 | Mar 2025 | Sep 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 10 | 7 | 7 | 4 | 6 | 5 | 5 |
| Expenses | 7 | 6 | 7 | 6 | 10 | 9 | 8 |
| Operating Profit | 3 | 1 | 0 | -2 | -4 | -4 | -3 |
| OPM % | 28 | 14 | -2.8 | -36 | -63 | -75 | -50 |
| Other Income | 0 | 0 | 0 | 0 | 0 | 0 | -5 |
| Interest | 0 | 0 | 1 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 2 | 1 | -1 | -2 | -4 | -4 | -8 |
| Tax % | 22 | 25 | 0 | -22 | -22 | -22 | -9 |
| Net Profit | 2 | 1 | -1 | -1 | -3 | -3 | -7 |
| EPS in Rs | 1950 | 1.36 | -2.42 | -2.78 | -6.34 | -5.73 | -11.84 |

### Profit & Loss

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

| Item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- |
| Sales | 8 | 12 | 15 | 13 | 10 | 10 |
| Expenses | 8 | 11 | 12 | 13 | 16 | 17 |
| Operating Profit | 0 | 0 | 3 | 1 | -5 | -6 |
| OPM % | 1.4 | 2.2 | 19 | 5 | -51 | -62 |
| Other Income | 0 | 0 | 0 | 0 | 0 | -5 |
| Interest | 0 | 0 | 0 | 1 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 1 |
| Profit before tax | 0 | 0 | 3 | 0 | -6 | -12 |
| Tax % | 0 | 0 | 21 | 4 | -22 | -13 |
| Net Profit | 0 | 0 | 2 | 0 | -5 | -11 |
| EPS in Rs | -40 | 30 | 1990 | -0.63 | -9.12 | -16.98 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 |

### Balance Sheet

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

| Item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 0.01 | 0.01 | 0.01 | 4 | 5 | 6 |
| Reserves | 0 | 0 | 2 | 0 | 18 | 13 |
| Borrowings | 1 | 1 | 3 | 15 | 4 | 3 |
| Other Liabilities | 2 | 2 | 3 | 3 | 3 | 3 |
| Total Liabilities | 3 | 3 | 8 | 22 | 29 | 25 |
| Fixed Assets | 1 | 1 | 1 | 2 | 7 | 4 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 2 | 2 | 6 | 20 | 23 | 21 |
| Total Assets | 3 | 3 | 8 | 22 | 29 | 25 |

### Cash Flow

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

| Item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 0 | 0 | 2 | 0 | -3 | -7 |
| Cash from Investing Activity | -1 | 0 | -3 | -16 | -6 | -2 |
| Cash from Financing Activity | 0 | 0 | 1 | 16 | 11 | 6 |
| Net Cash Flow | 0 | 0 | 1 | 0 | 2 | -3 |
| Free Cash Flow | 0 | 0 | 2 | -1 | -9 | -9 |
| CFO/OP | 267 | 12 | 81 | -15 | 91 | 115 |

### Ratios

| Item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 5 | 4 | 16 | 22 | 73 | 8 |
| Inventory Days | 41 | 25 | 22 | 21 | 19 | 16 |
| Days Payable | 135 | 87 | 143 | 208 | 170 | 106 |
| Cash Conversion Cycle | -89 | -59 | -106 | -164 | -78 | -83 |
| Working Capital Days | -29 | -10 | -26 | -321 | -17 | -63 |
| ROCE % | — | 13 | 86 | 4 | -25 | -28 |

## Shareholding Pattern

### Quarterly

| Category | Mar 2024 | Sep 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 49.75% | 36.64% | 36.64% | 33.72% | 33.72% | 30.25% | 27.57% |
| FIIs | 0% | 0% | 0% | 7.95% | 7.95% | 22.82% | 20.8% |
| DIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Government | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 0% | 50.48% | 52.72% | 51.18% | 50.65% | 41.05% | 46.78% |
| Others | 50.25% | 12.88% | 10.64% | 7.15% | 7.68% | 5.88% | 4.85% |
| No. of Shareholders | 7 | 329 | 283 | 254 | 188 | 144 | 153 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Strong Sell
- **Buy / Neutral / Sell:** 3 / 4 / 12

### Moving Averages — summary: **Strong Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 88.39 | Sell |
| EMA (10) | 90.01 | Sell |
| SMA (20) | 99.44 | Sell |
| EMA (20) | 97.23 | Sell |
| SMA (50) | 112.13 | Sell |
| EMA (50) | 108.26 | Sell |
| SMA (100) | 118.47 | Sell |
| EMA (100) | 114.51 | Sell |
| SMA (200) | 121.8 | Sell |
| EMA (200) | 114.82 | Sell |

### Oscillators — summary: **Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 33.55 | Neutral |
| MACD (12,26,9) | -9.01 | Sell |
| Stochastic (14,3,3) | 19.69 | Buy |
| ADX (14) | 35.99 | Buy |
| Williams %R (14) | -81.43 | Buy |
| ATR (14) | 4.59 | High Volatility |
| ROC (12) | -10.8 | Sell |
| Stoch RSI (14) | 64.96 | Neutral |
| UO (7,14,28) | 51.2 | Neutral |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 9 January 2026 - Certificate: all equity shares dematerialised; no rematerialisation requests for quarter ended Dec 31, 2025. | [Certificate under SEBI (Depositories and Participants) Regulations, 2018 9 January 2026 - Certificate: all equity shares dematerialised; no rematerialisation requests for quarter ended Dec 31, 2025.](https://nsearchives.nseindia.com/corporate/BIRDYS_09012026124735_Reg74_5_DPRegulations.pdf) |
| 9 February 2026 - Published unaudited standalone results for quarter/YTD ended 31‑Dec‑2025: total income Rs1,918.14 lakh, PAT Rs653.79 lakh (09‑Feb‑2026) | [Copy of Newspaper Publication 9 February 2026 - Published unaudited standalone results for quarter/YTD ended 31‑Dec‑2025: total income Rs1,918.14 lakh, PAT Rs653.79 lakh (09‑Feb‑2026)](https://nsearchives.nseindia.com/corporate/USHAFIN_09022026131630_USHAFIN_Newspaper_Publication.pdf) |
| 8 April 2026 - Regulation 74(5) certificate filed for quarter ended March 31, 2026; no rematerialisation requests. | [Certificate under SEBI (Depositories and Participants) Regulations, 2018 8 April 2026 - Regulation 74(5) certificate filed for quarter ended March 31, 2026; no rematerialisation requests.](https://nsearchives.nseindia.com/corporate/BIRDYS_08042026182100_Regulation74_5_DPRegulations.pdf) |
| 7 February 2026 - Q3 (ended Dec 31, 2025): PAT Rs.658.79L; Total income Rs.1,921.89L; 9,178 loans disbursed. | [Press Release 7 February 2026 - Q3 (ended Dec 31, 2025): PAT Rs.658.79L; Total income Rs.1,921.89L; 9,178 loans disbursed.](https://nsearchives.nseindia.com/corporate/USHAFIN_07022026190153_USHAFIN_December_2025.pdf) |
| 7 February 2026 - Issued 1,200 secured 12% NCDs of Rs100,000 each (Rs12 crore), 4-year tenor, monthly interest. | [Issue of Securities 7 February 2026 - Issued 1,200 secured 12% NCDs of Rs100,000 each (Rs12 crore), 4-year tenor, monthly interest.](https://nsearchives.nseindia.com/corporate/USHAFIN_07022026190808_Reg_30_Issue_of_NCDs_Series_P.pdf) |
| 7 February 2026 - Gold loan product launched 07 February 2026 by Usha Financial for domestic market. | [Product launch 7 February 2026 - Gold loan product launched 07 February 2026 by Usha Financial for domestic market.](https://nsearchives.nseindia.com/corporate/USHAFIN_07022026185017_Regulation_30_Gold_loan.pdf) |
| 7 February 2026 - Exercising call to redeem Series J 12% NCDs (Rs1 lakh each); repay tranches on March 06, 2026. | [General Updates 7 February 2026 - Exercising call to redeem Series J 12% NCDs (Rs1 lakh each); repay tranches on March 06, 2026.](https://nsearchives.nseindia.com/corporate/USHAFIN_07022026190436_Reg_30_excercise_call_option_Series_J.pdf) |
| 5 Sep - 7th AGM on September 30, 2026; book closure September 24-30, 2026; remote e-voting announced. | [Updates 5 Sep - 7th AGM on September 30, 2026; book closure September 24-30, 2026; remote e-voting announced.](https://nsearchives.nseindia.com/corporate/BIRDYS_05092026170050_Intimationof_AGMANDBOOKCLOSURE.pdf) |
| 5 Sep - 7th AGM on September 30, 2026; annual report and reappointment of Vivek Vijaykumar Sood. | [Shareholders meeting 5 Sep - 7th AGM on September 30, 2026; annual report and reappointment of Vivek Vijaykumar Sood.](https://nsearchives.nseindia.com/corporate/BIRDYS_05092026170534_AnnualReportGSSL.pdf) |
| 5 Jun - Aditya Airen resigned as CFO effective June 05, 2026, citing pre-occupation and personal commitments. | [Resignation 5 Jun - Aditya Airen resigned as CFO effective June 05, 2026, citing pre-occupation and personal commitments.](https://nsearchives.nseindia.com/corporate/BIRDYS_05062026181720_Regulation30ResignationofCFO.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Annual Report 2026 from nse](https://archives.nseindia.com/annual_reports/SME_AR_31555_BIRDYS_2025_2026_A_1927580_05092026171104.pdf) |
| from nse | [Annual Report 2025 from nse](https://archives.nseindia.com/annual_reports/SME_AR_28565_BIRDYS_2024_2025_A_2869978_05092025154626.pdf) |
| from nse | [Financial Year 2025 from nse](https://archives.nseindia.com/annual_reports/SME_AR_28631_USHAFIN_2024_2025_A_4170977_05092025183350.pdf) |
| from nse | [Annual Report 2024 from nse](https://archives.nseindia.com/annual_reports/SME_AR_24357_BIRDYS_2023_2024_08072024161019.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 2026-09-13T19:34:35.992Z.