Sapphire Foods India Ltd

Sapphire Foods India Ltd

₹ 322 0.31%
13 Jun - close price
About

Sapphire Foods is one of the largest franchisees of Yum! Brands Inc. in the subcontinent, and operates more than 400 KFC, Pizza Hut, and Taco Bell restaurants across India, Sri Lanka, and the Maldives.[1]

Key Points

Largest Franchisee Operator:[1] Sapphire Foods has non-exclusive rights to operate restaurants under three of Yum’s brands: KFC, Pizza Hut, and Taco Bell in India, Sri Lanka, and Maldives. As of Q2FY25, company owned and operated 463 KFC restaurants in India and Maldives, 437 Pizza Hut restaurants in India, Sri Lanka, and the Maldives, and 9 Taco Bell restaurants in Sri Lanka. It is Sri Lanka’s Largest International QSR chain with 121 outlets in 52 cities. [2]

  • Market Cap 10,344 Cr.
  • Current Price 322
  • High / Low 401 / 242
  • Stock P/E 963
  • Book Value 39.2
  • Dividend Yield 0.00 %
  • ROCE 5.10 %
  • ROE 0.86 %
  • Face Value 2.00

Pros

Cons

  • Stock is trading at 8.21 times its book value
  • Company has low interest coverage ratio.
  • Company has a low return on equity of 8.21% over last 3 years.
  • Promoter holding has decreased over last 3 years: -25.2%

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
398.33 473.30 487.29 514.37 491.93 565.42 550.20 572.46 548.00 617.34 590.75 638.34 604.64
320.78 372.31 395.16 409.09 402.15 454.22 447.74 462.15 453.95 503.79 492.83 523.30 514.99
Operating Profit 77.55 100.99 92.13 105.28 89.78 111.20 102.46 110.31 94.05 113.55 97.92 115.04 89.65
OPM % 19.47% 21.34% 18.91% 20.47% 18.25% 19.67% 18.62% 19.27% 17.16% 18.39% 16.58% 18.02% 14.83%
9.75 5.83 7.10 7.02 8.37 7.11 8.45 6.03 9.99 5.24 -8.40 6.31 8.82
Interest 18.19 18.13 18.86 19.50 23.14 20.67 22.68 24.55 25.67 25.57 25.51 26.00 27.78
Depreciation 49.30 54.26 56.30 61.18 65.49 64.79 68.65 78.72 78.51 80.71 79.04 90.88 75.42
Profit before tax 19.81 34.43 24.07 31.62 9.52 32.85 19.58 13.07 -0.14 12.51 -15.03 4.47 -4.73
Tax % 0.00% 0.00% 0.00% 0.00% -1,315.86% 26.33% 24.46% 26.40% -1,635.71% 25.34% 2.86% 22.60% -22.83%
19.81 34.43 24.07 31.62 134.79 24.20 14.79 9.63 2.15 9.34 -15.46 3.46 -3.66
EPS in Rs 0.62 1.08 0.76 1.00 4.24 0.76 0.46 0.30 0.07 0.29 -0.48 0.11 -0.11
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
617 761 960 1,104 805 1,398 1,981 2,236 2,451
651 762 941 957 715 1,161 1,589 1,818 2,035
Operating Profit -34 -0 19 147 90 238 392 419 416
OPM % -6% -0% 2% 13% 11% 17% 20% 19% 17%
23 3 9 -70 53 34 28 31 12
Interest 1 1 16 60 66 67 80 94 105
Depreciation 49 40 55 156 174 180 239 291 326
Profit before tax -62 -38 -42 -139 -97 25 101 65 -3
Tax % -4% -6% 0% 0% 0% 0% -124% 22% 127%
-60 -36 -42 -139 -97 25 226 51 -6
EPS in Rs -2.87 -1.72 -1.95 -5.53 -3.66 0.78 7.12 1.59 -0.20
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: 17%
3 Years: 21%
TTM: 10%
Compounded Profit Growth
10 Years: %
5 Years: 17%
3 Years: -24%
TTM: -79%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: 19%
1 Year: 7%
Return on Equity
10 Years: %
5 Years: 4%
3 Years: 8%
Last Year: 1%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 42 42 43 50 53 64 64 64 64
Reserves 533 497 460 504 462 978 1,087 1,165 1,193
0 20 72 554 570 726 908 1,103 1,234
135 156 386 159 170 313 330 278 296
Total Liabilities 710 715 961 1,267 1,255 2,081 2,389 2,610 2,787
415 454 519 919 871 1,189 1,578 1,952 2,124
CWIP 4 14 17 19 25 27 50 60 47
Investments 90 90 99 172 187 321 104 40 171
201 157 326 158 171 543 657 558 444
Total Assets 710 715 961 1,267 1,255 2,081 2,389 2,610 2,787

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
-45 -13 28 167 115 240 414 422 462
29 -37 -297 -39 -71 -579 -254 -171 -295
-1 19 263 -129 -30 342 -178 -197 -191
Net Cash Flow -18 -32 -7 -2 14 3 -18 54 -24

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 2 2 8 1 3 3 3 5 4
Inventory Days 18 35 30 37 50 43 43 36 33
Days Payable 115 135 108 106 170 144 107 102 101
Cash Conversion Cycle -96 -98 -70 -68 -117 -98 -61 -62 -63
Working Capital Days -63 -54 -127 -38 -52 -39 -21 -18 1
ROCE % -6% -5% 0% -3% 6% 10% 7% 5%

Shareholding Pattern

Numbers in percentages

10 Recently
Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
51.26% 51.27% 44.90% 44.90% 44.87% 41.69% 31.30% 30.84% 30.82% 26.19% 26.13% 26.09%
12.61% 12.60% 16.54% 15.50% 18.66% 23.65% 29.98% 29.95% 31.53% 31.46% 30.67% 30.42%
12.49% 16.77% 24.95% 27.45% 29.61% 28.04% 31.69% 32.39% 31.46% 37.11% 38.32% 38.51%
23.65% 19.36% 13.61% 12.16% 6.87% 6.63% 7.04% 6.82% 6.21% 5.23% 4.89% 5.00%
No. of Shareholders 66,46262,29360,17859,13655,53153,84551,84053,15051,60254,06254,90554,414

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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