अApnaFunda

RESTAURANT BRANDS ASIA LIMITED (RBA)

Consumer Services · Restaurants · figures to Nov '26

Quality scoreHow the business itself ranks against its sector peers on profitability, 3-year growth and leverage. 50 is the middle of the sector.34 / 100
Profitability 28Growth 66Balance sheet 8
Momentum scoreHow strong the recent trend is: 3-month price change, 12-month improvement in earnings and the rise in FII + DII holding, among companies above ₹500 cr.46 / 100
Price 62Earnings 76FII/DII 1

Passes these screensHigh Momentum

Share price

Closing priceAdjusted for splits and bonus issues.

₹88.73 latest close · +17.2% over the last 90 sessions

₹80₹100Jul 3Jul 29Aug 24Sep 17Oct 14Nov 9 ₹80₹100Jul 3Sep 4Nov 9

₹88.73 month-end · +42.4% over 12 months

₹60₹80₹100Nov '25Jan '26Apr '26Jun '26Sep '26Nov '26 ₹60₹80₹100Nov '25May '26Nov '26

₹88.73 month-end · −23.7% over 3 years

₹60₹80₹100₹120Nov '23Jun '24Jan '25Sep '25Apr '26Nov '26 ₹60₹80₹100₹120Nov '23May '25Nov '26

₹88.73 month-end · −44.2% since Jun '21

₹50₹100₹150Jun '21Jul '22Aug '23Sep '24Oct '25Nov '26 ₹50₹100₹150Jun '21Mar '24Nov '26

52-week range ₹57.15 to ₹111.15 · 1-year volatility 38.5%

How rough has the ride been?

Maximum drawdown-70.5%not yet recovered
1-year volatility38.5%annualised
Beta vs sector index0.673-year daily, correlation 0.37
Volume spikes7last 90 sessions, 5x the 50-day median

Drawdown from peak

0%−20%−40%−60%20222023202420252026−70.1% 0%−20%−40%−60%20232025−70.1%
Largest drawdowns

-70.5% (2020-12 peak to 2026-03 low, not yet recovered)

Most recent volume spikes

2026-11-05: 7.3x the 50-day median, price +5.2% that day

2026-10-30: 5.9x the 50-day median, price -4.9% that day

2026-08-13: 7.4x the 50-day median, price +4.8% that day

Beta is the slope of daily returns against a market-cap-weighted index of the sector's other listed companies, built from today's constituents (so it excludes companies no longer listed).

Where does it rank among Consumer Services peers?

Each cell is the company's percentile rank among its Consumer Services peers (non-financial companies) that month.
Darker is better-ranked.
Rows marked ↓ are inverted (lower debt, shorter cash cycle and a lower P/E rank higher).

Where it ranks today

  • ROCE17thflat vs a year ago
  • Op. margin39th▲ 5 pts vs a year ago
  • Revenue growth72nd▲ 27 pts vs a year ago
  • Debt/equity ↓6th▼ 9 pts vs a year ago
  • Cash cycle ↓83rdflat vs a year ago
  • 12M momentum95th▲ 61 pts vs a year ago

Rank history

ROCE
Op. margin
Revenue growth
Debt/equity ↓
Cash cycle ↓
12M momentum
Dec '21Jul '22Jan '23Jul '23Jan '24Jul '24Jan '25Jul '25Jan '26Jul '26Nov '26
Lower rank Higher rank Not enough data

Percentiles use today's listed companies in the sector and need at least 5 peers with a value; grey cells have too few.
ROE is computed from net profit and book value where the source does not report it.

The Consumer Services sector page Watch it move against Consumer Services in the Observatory

What is the price implying?

Trailing earnings per share are negative, so a P/E-based figure does not exist. See the loss-makers list on the Expectations Gap page for a revenue-based version.

“Implied growth” is what the current price would require under our stated assumptions, not what we expect.

What prices imply across Consumer Services The market-wide Expectations lists

Key figures

Share Priceclose 9 Nov
₹88.73
ROCE
0.0%
Market Cap
₹6322 cr
Revenue (TTM)
₹2948 cr
P/S
2.1x
P/B
8.8x
ROE
-28.7%
Operating Margin
12.0%
Debt / Equity
2.7x
Promoter Holding
9.2%
12M Momentum
42.4%

52-week range

₹57.15₹111.15
58% of the way from its 52-week low to its high

Price risk

1Y volatility
38.5%
Beta vs sector
1-year daily
0.65

Balance sheet & cash

Interest cover
operating profit ÷ interest
0.0x
Share count, 1Y
+0.2%

Are profits backed by cash?

3 of 4checks within range1 near a threshold
Other income reliance—Not enough data

Not enough reported data to compute this.

Tax rate—Not enough data

Not enough reported data to compute this.

Cash conversion—Not enough data

Not enough reported data to compute this.

Free cash flow2 of 5 yrsNear threshold

Fiscal years with positive free cash flow in the last 5: 2. Bands: at least 80% of years, 40% to 80%, below 40%.

Receivable days vs history+2 daysWithin range

Debtor days are above the median of the previous three fiscal years by 2 days (6 vs 4). Bands: under 15 days, 15 to 45, over 45.

Capital work in progress1% of fixed assetsWithin range

Capital work-in-progress is 1% of fixed assets. Bands: not rising or up to 30%; rising for three years and above 30%; rising and above 60%.

Payable days+13 days / 2 yrsWithin range

Days payable changed by +13 over two years. Bands: rise of up to 30 days; more than 30 days.

Tap a check to see how it is measured

How to read this

Each check is a named rule with fixed thresholds, not a score. Annual statements are the latest restated figures, so a past year may differ from what was originally reported.

All terms explained in the glossary →

Who has been buying and selling?

  • Over 3 years, FIIs trimmed 20.7 pts; DIIs added 17.4 pts; promoters trimmed 6.2 pts.

Holdings, Jun '26

How each group changed

GroupSep '23Jun '26Change
Promoters15.4%9.2%-6.2 pts
FIIs29.9%9.3%-20.7 pts
DIIs22.2%39.6%+17.4 pts
Public and others32.4%41.9%+9.5 pts

Number of shareholders

2.4 lakhshareholders+0% since Sep '23
2.2L2.3L2.4L2.5L Sep '23Jun '24Mar '25Dec '25Jun '26
Sep '23: 2.4 lakh
Dec '23: 2.4 lakh
Mar '24: 2.4 lakh
Jun '24: 2.3 lakh
Sep '24: 2.2 lakh
Dec '24: 2.3 lakh
Mar '25: 2.3 lakh
Jun '25: 2.3 lakh
Sep '25: 2.3 lakh
Dec '25: 2.5 lakh
Mar '26: 2.5 lakh
Jun '26: 2.4 lakh
2.2L2.3L2.4L2.5L Sep '23Sep '24Sep '25Jun '26
Sep '23: 2.4 lakh
Dec '23: 2.4 lakh
Mar '24: 2.4 lakh
Jun '24: 2.3 lakh
Sep '24: 2.2 lakh
Dec '24: 2.3 lakh
Mar '25: 2.3 lakh
Jun '25: 2.3 lakh
Sep '25: 2.3 lakh
Dec '25: 2.5 lakh
Mar '26: 2.5 lakh
Jun '26: 2.4 lakh

Quarterly shareholding as reported, labelled by the quarter it covers (it becomes visible about two months later).
Shareholder counts are only available for recent quarters.

This quarter's smart-money board

What happened next to similar setups

−16.4%typical 12-month return vs the marketBelow the base rate
  • We found 50 past situations where a non-financial company looked like RESTAURANT BRANDS ASIA LIMITED today on valuation, return on capital, margins, debt, growth, price momentum, size and volatility.
  • Over the following 12 months the middle half of them returned −28% to +20% vs the market, against −5% for all non-financial companies in the same months.
  • The analogs' median sat below that base rate (gap −11.4%, 80% range −17.0% to −2.6%), but the matches cluster in only 6 distinct 12-month windows.

Where the 50 outcomes landed

−100%−50%0%+50%+100%
CHEMPLASTS · Aug 2025: −61.6% vs market
ACL · Sep 2025: −53.5% vs market
IDEA · Nov 2023: −50.5% vs market
DCW · Mar 2025: −50.4% vs market
SUNCLAY · Mar 2025: −44.5% vs market
SAGCEM · Sep 2025: −40.3% vs market
VIPIND · Jul 2025: −36.7% vs market
ESTER · Dec 2024: −36.5% vs market
ONIDA · Dec 2021: −34.2% vs market
OMAXE · Sep 2022: −30.6% vs market
TIRUMALCHM · Dec 2024: −30.3% vs market
ADANIPOWER · Jan 2020: −29.4% vs market
PRSMJOHNSN · Jan 2024: −27.8% vs market
ABFRL · Jul 2022: −27.6% vs market
JAYNECOIND · Apr 2024: −27.1% vs market
VARROC · Nov 2023: −25.3% vs market
WESTLIFE · May 2023: −25.0% vs market
VMART · Nov 2024: −23.8% vs market
NDLVENTURE · Jul 2020: −22.7% vs market
SHOPERSTOP · Mar 2023: −21.7% vs market
DEVYANI · Oct 2025: −21.4% vs market
PATANJALI · May 2025: −19.9% vs market
SCHNEIDER · Nov 2020: −18.5% vs market
SOLARA · Sep 2024: −17.1% vs market
ASHOKLEY · Mar 2023: −16.6% vs market
MANGLMCEM · Feb 2020: −16.2% vs market
GESHIP · Mar 2020: −15.5% vs market
DYNAMATECH · Aug 2021: −9.2% vs market
STAR · Feb 2024: −8.1% vs market
ARVINDFASN · Jul 2022: −3.8% vs market
MUKANDLTD · Feb 2022: −3.4% vs market
WOCKPHARMA · Feb 2025: −0.2% vs market
PROZONER · Aug 2025: +4.7% vs market
BOMDYEING · Nov 2023: +5.7% vs market
BRIGADE · Jun 2022: +7.8% vs market
IMFA · Feb 2021: +18.0% vs market
KESORAMIND · Jan 2024: +19.3% vs market
GMRAIRPORT · Jul 2022: +19.8% vs market
MHRIL · Mar 2022: +23.9% vs market
HCG · Apr 2021: +28.3% vs market
TI · May 2020: +29.9% vs market
JUBLPHARMA · Apr 2024: +31.1% vs market
PANACEABIO · Jun 2020: +51.3% vs market
PPLPHARMA · Mar 2024: +68.3% vs market
RPOWER · Jul 2024: +70.5% vs market
DWARKESH · May 2021: +88.9% vs market
TARC · May 2023: +127.5% vs market
INOXWIND · Jun 2023: +151.8% vs market
JITFINFRA · May 2023: +190.4% vs market
V2RETAIL · Feb 2024: +336.9% vs market
Similar setups −16.4%All companies −5.0%← worse than the marketbetter than the market →

Each dot is one past situation (hover or tap for details) · Solid dots are the closest matches, listed below · Shaded is the middle half of all companies in the same months · 4 beyond the range shown, drawn at the edge

Similar setups' median
−16.4%
All companies' median
−5.0%
Beat the market
36% vs 45%

50 past situations · 50 companies · 36 months · 2020–2025

The closest matches

CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
VMART
Retail Trade
Nov 2024 —1% +127%−12% −24%
SUNCLAY
Producer Manufacturing
Mar 2025 —-2% +57%−23% −45%
STAR
Health Technology
Feb 2024 —0% +163%−6% −8%
SHOPERSTOP
Retail Trade
Mar 2023 —4% +38%−19% −22%
PRSMJOHNSN
Non-Energy Minerals
Jan 2024 —1% +73%−4% −28%
Show the other 3 matches
CompanyWhenP/EROCE12M mom.DrawdownNext 12 months
GMRAIRPORT
Transportation
Jul 2022 —5% +32%−23% +20%
HCG
Health Services
Apr 2021 —1% +154%−7% +28%
DCW
Process Industries
Mar 2025 —1% +51%−30% −50%
How reliable is this?

Matched on P/S, ROCE, operating margin, debt/equity, interest cover, revenue growth, 12-month momentum, drawdown from 12-month high, size and volatility. Closest on: drawdown from 12-month high, interest cover and 12-month momentum. Not used (unavailable for this company): P/E. This company is loss-making, so it was only compared with loss-making companies. One match per company and at most 7 from any one month.

Independent periods: the matches fall in 6 distinct 12-month windows. Matches from nearby months share the same market conditions, so fewer windows means less evidence.

How this is built

This is history, not a forecast. These are past situations where other companies had broadly similar reported numbers and price trends. What happened to them does not tell you what will happen to RESTAURANT BRANDS ASIA LIMITED. The comparison covers only 2020–2025, a single market period, and only companies still listed today. Companies that were delisted or went bankrupt are missing, which makes past outcomes look better than they were. Returns exclude dividends and are measured against an ApnaFunda-built index, not an official benchmark. Fundamentals are matched on a 60-day assumed reporting lag, not actual announcement dates. Its historical skill has not yet been measured. Past patterns may not repeat.

Methodology

How historical analogs are built

Data as of 2026-11-09. Outcome pool: Jan 2020 to Oct 2025.

For every company we look at the situation it is in today (valuation, return on capital, margins, debt, growth, 12-month price momentum, drawdown, size and volatility) and find past company-months that looked most like it. We then show what happened to those past situations over the following 12 months, measured against the ApnaFunda All index and against the base rate. It describes history. It does not predict anything.

What is compared

FeatureWeightNon-financialFinancial
P/E1yesyes
P/S1yes—
P/B1—yes
ROCE1yes—
operating margin1yes—
ROE1—yes
debt/equity0.75yes—
interest cover0.5yes—
revenue growth0.75yesyes
12-month momentum1yesyes
drawdown from 12-month high0.75yesyes
size0.75yesyes
volatility0.5yesyes

Weights were set by judgement before any outcome was looked at and are never tuned on results. Loss-making companies (negative P/E or net profit) are only matched with other loss-making companies. Banks, NBFCs and insurers are compared only with each other and use a different feature set. Every feature is converted, month by month, to its rank among companies in the same pool in that month, so a P/E of 30 in a hot market and a P/E of 22 in a cold one can match if both were equally expensive for their time. Only that month's data is used.

How closeness and the sample are defined

Distance is the weighted root-mean-square gap between the standardised features both companies have. A match needs at least 70% of the query's feature weight, a distance of at most 0.9, and 30 matches at minimum to be shown. We keep up to 50 matches with these exclusions: never the company itself, one match per company (its closest month), and at most 7 from any one calendar month so a single market episode cannot dominate.

Base rate

The base rate is the distribution of 12-month returns, relative to the market, of every eligible company-month in the same pool, with each month weighted to match the months the analogs came from. It answers: how did a random company do in these same months? Because matches from nearby months share the same market conditions, we also report the number of distinct 12-month windows behind a result, and a bootstrap that resamples months decides whether the analog median differs from the base rate at all. "Not meaningfully different" is the usual outcome and the page copy is written for it.

Limits you should know

  • One market period. The outcome pool covers 2020–2025 only (70 months), including the 2020 crash and the 2020–21 rally.
  • Survivorship. Only companies listed today are included. Delisted and bankrupt companies are missing, which flatters past outcomes, particularly for distressed-looking setups.
  • Price return only. Dividends are excluded, and the benchmark is an ApnaFunda market-cap-weighted index of the same listed companies, not an official index.
  • Reporting lag. Fundamentals are matched on an assumed 60-day lag after the quarter end, not on real announcement dates.
  • Pools: non-financial: 98,395 company-months from 2019 companies; financial: 5,659 company-months from 108 companies. 2349 companies currently have a result; the rest are suppressed because too few comparable situations exist.

Does it work? A walk-forward check

The walk-forward check has not been run for this build, so skill is shown as not yet measured.

Disclaimer

This is history, not a forecast. These are past situations where other companies had broadly similar reported numbers and price trends. What happened to them does not tell you what will happen to any company shown. The comparison covers only 2020–2025, a single market period, and only companies still listed today. Companies that were delisted or went bankrupt are missing, which makes past outcomes look better than they were. Returns exclude dividends and are measured against an ApnaFunda-built index, not an official benchmark. Fundamentals are matched on a 60-day assumed reporting lag, not actual announcement dates. Its historical skill has not yet been measured. Past patterns may not repeat.

What else looks like this?

Companies with the most similar financial profile today, regardless of industry.

Non-Energy Minerals
59%similar
revenuemarket cap
Producer Manufacturing
58%similar
volatilityrevenue growth
Process Industries
55%similar
volatilityrevenue growth
TVS SRICHAKRATVSSRICHAK
Consumer Durables
54%similar
volatilityrevenue
Health Technology
53%similar
volatilityROCE
Consumer Services
67%similar
revenue growthmarket cap
Consumer Services
48%similar
debt/equityrevenue
Consumer Services
31%similar
debt/equityvolatility

Similarity is statistical, based on reported metrics; it does not imply similar business quality or future returns.

What changed?

30 events since Apr '22

  1. NovPriceVolume reached 7.3x its 50-day median on 2026-11-05; price +5.2% that day.
  2. SepPromoterPromoter holding fell 2.0 pts to 9.2% (largest drop since 2024-12).
  3. AugPriceVolume reached 42.2x its 50-day median on 2026-08-05; price +3.3% that day.
  4. JunPriceVolume reached 37.4x its 50-day median on 2026-06-19; price +5.7% that day.
  5. MarInstitutionsFII + DII holding fell 6.6 pts over 1 quarter to 54.1%.
  6. MarPriceFell 70% from the Dec 2020 peak to the Mar 2026 low.
  7. JanPriceVolume reached 8.7x its 50-day median on 2026-01-21; price +1.1% that day.
  8. DecPriceVolume reached 16.9x its 50-day median on 2025-12-23; price +2.3% that day.
Show 22 earlier events
  1. SepPriceVolume reached 14.5x its 50-day median on 2025-09-18; price +7.3% that day.
  2. JunSharesShare count is up 17.3% over 12 months.
  3. JunPriceVolume reached 31.2x its 50-day median on 2025-06-19; price +5.0% that day.
  4. MarInstitutionsFII + DII holding rose 7.0 pts over 2 quarters to 54.2%.
  5. DecPromoterPromoter holding fell 2.2 pts to 13.2%.
  6. JulPriceVolume reached 13.4x its 50-day median on 2024-07-04; price +1.1% that day.
  7. JunResultsRevenue (TTM) reached a new high of ₹2,437 cr.
  8. JunInstitutionsFII + DII holding fell 4.1 pts over 2 quarters to 48.0%.
  9. JunPriceVolume reached 7.6x its 50-day median on 2024-06-14; price +4.0% that day.
  10. JanPriceVolume reached 8.1x its 50-day median on 2024-01-16; price +2.9% that day.
  11. SepPriceVolume reached 74.5x its 50-day median on 2023-09-15; price +6.7% that day.
  12. JunResultsRevenue (TTM) reached a new high of ₹2,054 cr.
  13. JunDebtDebt / equity rose above 1.0x (1.41x).
  14. MayPriceVolume reached 100.5x its 50-day median on 2023-05-18; price +14.3% that day.
  15. FebDebtDebt / equity halved over 12 months to 0.85x.
  16. FebPriceVolume reached 10.3x its 50-day median on 2023-02-09; price -6.6% that day.
  17. SepPriceVolume reached 9.4x its 50-day median on 2022-09-16; price -5.7% that day.
  18. JulDebtDebt / equity halved over 12 months to 0.85x.
  19. JunResultsRevenue (TTM) reached a new high of ₹1,490 cr.
  20. JunDebtDebt / equity fell below 1.0x (0.85x).
  21. JunSharesShare count is up 28.7% over 12 months.
  22. AprPriceVolume reached 7.2x its 50-day median on 2022-04-01; price +11.9% that day.

Events are generated from the data by fixed rules.
The month shown is when the change became visible in the reported figures, assuming a 60-day lag after each quarter end; it is not an announcement date.

Where price and fundamentals disagree, market-wide Rewind the whole market to any month

Monthly history66 months · 2021-06 to 2026-11
MonthRevenue (TTM)ROEROCEDebt / Equity
2026-11₹2948 cr-28.7%0.0%2.7x
2026-10₹2948 cr-26.5%0.0%2.7x
2026-09₹2948 cr-26.5%0.0%2.7x
2026-08₹2823 cr-28.2%0.0%2.7x
2026-07₹2823 cr-28.2%0.0%2.7x
2026-06₹2823 cr-28.2%0.0%2.7x
2026-05₹2749 cr-23.8%-3.0%2.0x
2026-04₹2749 cr-23.8%-3.0%2.0x
2026-03₹2749 cr-23.8%-3.0%2.0x
2026-02₹2673 cr-24.6%-3.0%2.0x
2026-01₹2673 cr-24.6%-3.0%2.0x
2025-12₹2673 cr-24.6%-3.0%2.0x
2025-11₹2602 cr-24.8%-3.0%2.0x
2025-10₹2602 cr-24.8%-3.0%2.0x
2025-09₹2602 cr-24.8%-3.0%2.0x
2025-08₹2551 cr-25.6%-3.0%2.0x
2025-07₹2551 cr-25.6%-3.0%2.0x
2025-06₹2551 cr-25.6%-3.0%2.0x
2025-05₹2515 cr-42.2%-5.0%2.3x
2025-04₹2515 cr-42.2%-5.0%2.3x
2025-03₹2515 cr-42.2%-5.0%2.3x
2025-02₹2480 cr-39.8%-5.0%2.3x
2025-01₹2480 cr-39.8%-5.0%2.3x
2024-12₹2480 cr-39.8%-5.0%2.3x
2024-11₹2473 cr-37.5%-5.0%2.3x
2024-10₹2473 cr-37.5%-5.0%2.3x
2024-09₹2473 cr-37.5%-5.0%2.3x
2024-08₹2437 cr-37.9%-5.0%2.3x
2024-07₹2437 cr-37.9%-5.0%2.3x
2024-06₹2437 cr-37.9%-5.0%2.3x
2024-05₹2054 cr-29.3%-7.0%1.4x
2024-04₹2054 cr-29.3%-7.0%1.4x
2024-03₹2054 cr-29.3%-7.0%1.4x
2024-02₹2054 cr-29.3%-7.0%1.4x
2024-01₹2054 cr-29.3%-7.0%1.4x
2023-12₹2054 cr-29.3%-7.0%1.4x
2023-11₹2054 cr-29.3%-7.0%1.4x
2023-10₹2054 cr-29.3%-7.0%1.4x
2023-09₹2054 cr-29.3%-7.0%1.4x
2023-08₹2054 cr-29.3%-7.0%1.4x
2023-07₹2054 cr-29.3%-7.0%1.4x
2023-06₹2054 cr-29.3%-7.0%1.4x
2023-05₹1490 cr-22.6%-8.0%0.9x
2023-04₹1490 cr-22.6%-8.0%0.9x
2023-03₹1490 cr-22.6%-8.0%0.9x
2023-02₹1490 cr-22.6%-8.0%0.9x
2023-01₹1490 cr-22.6%-8.0%0.9x
2022-12₹1490 cr-22.6%-8.0%0.9x
2022-11₹1490 cr-22.6%-8.0%0.9x
2022-10₹1490 cr-22.6%-8.0%0.9x
2022-09₹1490 cr-22.6%-8.0%0.9x
2022-08₹1490 cr-22.6%-8.0%0.9x
2022-07₹1490 cr-22.6%-8.0%0.9x
2022-06₹1490 cr-22.6%-8.0%0.9x
2022-05₹1004 cr-331.8%—10.6x
2022-04₹1004 cr-331.8%—10.6x
2022-03₹1004 cr-331.8%—10.6x
2022-02₹1004 cr-331.8%—10.6x
2022-01₹1004 cr-331.8%—10.6x
2021-12₹1004 cr-331.8%—10.6x
2021-11₹1004 cr-331.8%—10.6x
2021-10₹1004 cr-331.8%—10.6x
2021-09₹1004 cr-331.8%—10.6x
2021-08₹1004 cr-331.8%—10.6x
2021-07₹1004 cr-331.8%—10.6x
2021-06₹1004 cr-331.8%—10.6x

Methodology and data notes

Methodology

Methodology and data notes

All figures come from public exchange prices and screener.in financial statements. Quarterly and annual results are shown from 60 days after the period end, so a month never uses a result before it would plausibly have been published. Statements are the latest versions, which may include later restatements.

Sector medians, percentiles and indices use today's listed companies in the sector (survivorship bias). Prices are adjusted for splits and bonus issues; around a corporate action the fundamentals may lag the price by up to a month, and affected sections are hidden.

The return decomposition uses price = P/E × net profit ÷ share count. The reverse DCF uses a fixed 12% cost of equity, a 10-year horizon and a 15x terminal P/E, and is an illustration only. Events, flags and twins follow fixed rules and thresholds described next to each section.

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