Barbeque-Nation (BARBEQUE) is among the few scalable casual dining players with a healthy store economics and net cash balance sheet. In the last one year, weak macro has adversely impacted SSSG earnings. At EV/Sales of 1.4x and EV/EBITDA of 14x on FY26E, it is the lowest in the retail space, offering a better risk reward opportunity.
Share price of Barbeque Nation settled 18.86 per cent higher at Rs 760.20 on the BSE.
Share price of Barbeque Nation surged around 20 per cent on Tuesday, May 25, after the leading casual dining restaurant chain announced its January-March quarter results for the financial year 2020-21. On Tuesday, Barbeque Nation opened on the BSE at Rs 659, swinging to an intra day high of Rs 767.50 and an intra day low of Rs 650.75, throughout the trading session. Barbeque Nation reported a net profit of Rs 6 crore in the March quarter for fiscal 2020-21, compared to a loss of Rs 28 crore in the corresponding quarter of the previous fiscal.
NEW DELHI: Investors who bid for Rakesh Jhunjhunwala-backed Barbeque Nation’s shares during the book-building process of the IPO may be left with a bitter taste, as the grey market premium on the unlisted shares has plunged sharply as uncertainties in global markets has shaken confidence on Dalal Street.
Dealers active in the grey market, or the unofficial market for unlisted shares, said the premium on the stock has fallen to Rs 10-12 from Rs 40 a week back. That means the scrip is trading in the Rs 510-512 range.
“We are expecting a weak listing. Because of a spike in Covid cases, we are seeing lockdown fears. Mumbai has already gone under that,” said Dinesh Gupta, Founder of UnlistedZone, a platform that facilitates trading in unlisted shares.