Sapphire Foods India Ltd

Sapphire Foods Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Sapphire Foods India Ltd

₹ 1,403 -1.36%
02 May 10:41 a.m.
sapphirefoods.in BSE: 543397 NSE : SAPPHIRE
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: 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 Nov. 2023, the company owned and operated 383 KFC restaurants in India and Maldives, 422 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 122 outlets in 52 cities. [1]

Website BSE NSE
  • Market Cap ₹ 8,941 Cr.
  • Current Price ₹ 1,403
  • High / Low ₹ 1,700 / 1,213
  • Stock P/E 48.1
  • Book Value ₹ 211
  • Dividend Yield 0.00 %
  • ROCE 9.20 %
  • ROE 19.6 %
  • Face Value ₹ 10.0
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Pros

  • Company has delivered good profit growth of 55.6% CAGR over last 5 years

Cons

  • Stock is trading at 6.67 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has low interest coverage ratio.
  • Promoter holding has decreased over last quarter: -0.46%
  • Promoter holding is low: 30.8%
  • Tax rate seems low
  • Company has a low return on equity of 6.27% over last 3 years.

* 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.

Peer comparison

Sector: Quick Service Restaurant Industry: Hotels

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
271 284 243 342 415 398 473 487 514 488 562 545 569
224 240 218 299 323 321 372 395 409 398 450 443 459
Operating Profit 48 44 25 43 92 78 101 92 105 90 111 102 110
OPM % 18% 16% 10% 13% 22% 19% 21% 19% 20% 18% 20% 19% 19%
9 6 9 8 7 10 6 7 7 9 7 8 6
Interest 16 18 15 17 16 18 18 19 20 23 21 23 24
Depreciation 39 51 45 43 43 49 54 56 61 65 64 68 78
Profit before tax 1 -17 -26 -9 40 20 34 24 32 11 34 20 13
Tax % 0% 0% 0% 0% 0% 0% 0% 0% 0% -1,173% 25% 24% 26%
1 -17 -26 -9 40 20 34 24 32 136 25 15 10
EPS in Rs 0.24 -3.28 -4.89 -1.42 6.24 3.12 5.42 3.79 4.98 21.39 3.98 2.35 1.58
Raw PDF
Upcoming result date: 10 May 2024

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
617 761 960 1,104 805 1,398 1,963 2,163
651 762 941 957 715 1,161 1,573 1,751
Operating Profit -34 -0 19 147 90 238 390 413
OPM % -6% -0% 2% 13% 11% 17% 20% 19%
23 3 9 -70 53 34 27 31
Interest 1 1 16 60 66 67 79 90
Depreciation 49 40 55 156 174 180 237 276
Profit before tax -62 -38 -42 -139 -97 25 101 78
Tax % 4% 6% 0% 0% 0% 0% -124%
-60 -36 -42 -139 -97 25 226 186
EPS in Rs -14.33 -8.62 -9.75 -27.65 -18.32 3.90 35.58 29.30
Dividend Payout % 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: 21%
3 Years: 21%
TTM: 15%
Compounded Profit Growth
10 Years: %
5 Years: 56%
3 Years: 81%
TTM: 69%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: 9%
Return on Equity
10 Years: %
5 Years: 2%
3 Years: 6%
Last Year: 20%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 42 42 43 50 53 64 64 64
Reserves 533 497 460 504 462 978 1,221 1,277
0 20 72 554 570 726 902 1,009
135 156 386 159 170 313 328 314
Total Liabilities 710 715 961 1,267 1,255 2,081 2,515 2,664
415 454 519 919 871 1,189 1,571 1,775
CWIP 4 14 17 19 25 27 50 86
Investments 90 90 99 172 187 321 248 219
201 157 326 158 171 543 646 584
Total Assets 710 715 961 1,267 1,255 2,081 2,515 2,664

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
-45 -13 28 167 115 240 414
29 -37 -297 -39 -71 -579 -254
-1 19 263 -129 -30 342 -178
Net Cash Flow -18 -32 -7 -2 14 3 -18

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 2 2 8 1 3 3 3
Inventory Days 18 35 30 37 50 43 43
Days Payable 115 135 108 106 170 144 107
Cash Conversion Cycle -96 -98 -70 -68 -117 -98 -61
Working Capital Days -63 -54 -127 -38 -52 -39 -26
ROCE % -6% -5% 0% -3% 6% 9%

Shareholding Pattern

Numbers in percentages

30 Recently
Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
51.26% 51.26% 51.26% 51.27% 44.90% 44.90% 44.87% 41.69% 31.30% 30.84%
15.98% 14.34% 12.61% 12.60% 16.54% 15.50% 18.66% 23.65% 29.98% 29.95%
8.57% 10.83% 12.49% 16.77% 24.95% 27.45% 29.61% 28.04% 31.69% 32.39%
24.19% 23.57% 23.65% 19.36% 13.61% 12.16% 6.87% 6.63% 7.04% 6.82%
No. of Shareholders 92,11965,79066,46262,29360,17859,13655,53153,84551,84053,150

* 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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Documents

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