Sapphire Foods India Ltd
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]
- Market Cap ₹ 10,321 Cr.
- Current Price ₹ 321
- High / Low ₹ 401 / 242
- Stock P/E 7,645
- Book Value ₹ 39.2
- Dividend Yield 0.00 %
- ROCE 5.11 %
- ROE 1.50 %
- Face Value ₹ 2.00
Pros
Cons
- Stock is trading at 8.20 times its book value
- Company has low interest coverage ratio.
- Tax rate seems low
- Company has a low return on equity of 8.44% 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.
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
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 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|
617 | 761 | 960 | 1,104 | 805 | 1,398 | 1,981 | 2,236 | 2,451 | 2,494 | |
651 | 762 | 941 | 957 | 715 | 1,161 | 1,589 | 1,818 | 2,035 | 2,093 | |
Operating Profit | -34 | -0 | 19 | 147 | 90 | 238 | 392 | 419 | 416 | 401 |
OPM % | -6% | -0% | 2% | 13% | 11% | 17% | 20% | 19% | 17% | 16% |
23 | 3 | 9 | -70 | 53 | 34 | 28 | 31 | 12 | 13 | |
Interest | 1 | 1 | 16 | 60 | 66 | 67 | 80 | 94 | 105 | 107 |
Depreciation | 49 | 40 | 55 | 156 | 174 | 180 | 239 | 291 | 326 | 327 |
Profit before tax | -62 | -38 | -42 | -139 | -97 | 25 | 101 | 65 | -3 | -20 |
Tax % | -4% | -6% | 0% | 0% | 0% | 0% | -124% | 22% | 127% | |
-60 | -36 | -42 | -139 | -97 | 25 | 226 | 51 | -6 | -19 | |
EPS in Rs | -2.87 | -1.72 | -1.95 | -5.53 | -3.66 | 0.78 | 7.12 | 1.59 | -0.20 | -0.59 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 17% |
3 Years: | 21% |
TTM: | 9% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 18% |
3 Years: | -9% |
TTM: | -96% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 10% |
1 Year: | -3% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | 5% |
3 Years: | 8% |
Last Year: | 2% |
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 | 48 |
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 | -64 | -132 | -57 | -93 | -62 | -51 | -36 | -37 |
ROCE % | -6% | -5% | 0% | -3% | 6% | 10% | 7% | 5% |
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Earnings Call Transcript
8h - Q1 FY26: Rs.775 Cr revenue (+8%), EBITDA down 13%, flat KFC SSSG, Pizza Hut SSSG -8%, strategic initiatives ongoing.
-
Announcement under Regulation 30 (LODR)-Investor Presentation
25 Jul - Sapphire Foods India Limited has informed about Corporate Presentation
-
Clarification With Respect To The Notice Of 16Th Annual General Meeting ('AGM') Dated 28Th May 2025 Of Sapphire Foods India Limited ('Company' / 'Sapphire Foods')
25 Jul - Clarification on re-appointment of Mr. Vinod Nambiar as Non-Executive Nominee Director at AGM.
-
Sapphire Foods India Limited Has informed About Action(S) Taken Or Orders Passed
24 Jul - Received INR 51 million GST show cause notice for FY 2021-22; company denies material impact.
-
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
24 Jul - Sapphire Foods India Limited has informed about Schedule of meet
Annual reports
Concalls
-
Jul 2025Transcript PPT
-
Jul 2025TranscriptNotesPPT
-
Jun 2025TranscriptNotesPPT
-
May 2025Transcript PPT REC
-
May 2025TranscriptNotesPPT
-
Feb 2025Transcript PPT REC
-
Feb 2025TranscriptNotesPPT
-
Dec 2024TranscriptNotesPPT
-
Nov 2024Transcript PPT
-
Oct 2024TranscriptNotesPPT
-
Aug 2024Transcript PPT
-
Jul 2024TranscriptNotesPPT
-
May 2024Transcript PPT
-
May 2024TranscriptNotesPPT
-
Feb 2024Transcript PPT
-
Feb 2024TranscriptNotesPPT
-
Nov 2023Transcript PPT
-
Nov 2023TranscriptNotesPPT
-
Aug 2023Transcript PPT
-
Aug 2023TranscriptNotesPPT
-
May 2023Transcript PPT
-
May 2023TranscriptNotesPPT
-
Feb 2023TranscriptNotesPPT
-
Feb 2023Transcript PPT
-
Feb 2023TranscriptNotesPPT
-
Nov 2022Transcript PPT
-
Nov 2022Transcript PPT
-
Aug 2022Transcript PPT
-
Aug 2022TranscriptNotesPPT
-
May 2022Transcript PPT
-
May 2022TranscriptNotesPPT
-
May 2022TranscriptNotesPPT
-
Feb 2022TranscriptNotesPPT
-
Feb 2022TranscriptNotesPPT
-
Dec 2021TranscriptNotesPPT
-
Dec 2021TranscriptNotesPPT
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]