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 ₹ 5,827 Cr.
- Current Price ₹ 181
- High / Low ₹ 368 / 140
- Stock P/E
- Book Value ₹ 43.3
- Dividend Yield 0.00 %
- ROCE 3.98 %
- ROE -1.03 %
- Face Value ₹ 2.00
Pros
Cons
- Stock is trading at 4.19 times its book value
- Company has low interest coverage ratio.
- Promoter holding is low: 26.1%
- Company has a low return on equity of 1.65% over last 3 years.
- Promoter holding has decreased over last 3 years: -18.8%
* 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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| 957 | 1,194 | 1,340 | 1,020 | 1,722 | 2,266 | 2,594 | 2,882 | 3,125 | |
| 942 | 1,155 | 1,155 | 894 | 1,417 | 1,836 | 2,132 | 2,405 | 2,652 | |
| Operating Profit | 15 | 39 | 186 | 125 | 305 | 430 | 462 | 477 | 474 |
| OPM % | 2% | 3% | 14% | 12% | 18% | 19% | 18% | 17% | 15% |
| 2 | 9 | -83 | 61 | 38 | 30 | 33 | 22 | 4 | |
| Interest | 2 | 18 | 72 | 76 | 78 | 87 | 101 | 112 | 123 |
| Depreciation | 55 | 74 | 191 | 209 | 214 | 264 | 324 | 364 | 392 |
| Profit before tax | -40 | -44 | -161 | -99 | 51 | 108 | 70 | 23 | -37 |
| Tax % | 3% | 3% | -1% | 1% | 11% | -115% | 26% | 28% | -14% |
| -41 | -45 | -159 | -100 | 46 | 233 | 52 | 17 | -32 | |
| EPS in Rs | -1.97 | -2.07 | -6.27 | -3.73 | 1.46 | 7.35 | 1.66 | 0.60 | -0.99 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 25% |
| 3 Years: | 11% |
| TTM: | 8% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 13% |
| 3 Years: | % |
| TTM: | -151% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | -14% |
| 1 Year: | -46% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 6% |
| 3 Years: | 2% |
| Last Year: | -1% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 42 | 43 | 50 | 53 | 64 | 64 | 64 | 64 | 64 |
| Reserves | 436 | 429 | 474 | 427 | 944 | 1,192 | 1,275 | 1,334 | 1,326 |
| 31 | 96 | 646 | 645 | 789 | 963 | 1,164 | 1,292 | 1,417 | |
| 326 | 527 | 214 | 225 | 368 | 372 | 334 | 350 | 447 | |
| Total Liabilities | 834 | 1,095 | 1,384 | 1,349 | 2,165 | 2,591 | 2,837 | 3,040 | 3,255 |
| 628 | 719 | 1,161 | 1,084 | 1,390 | 1,789 | 2,178 | 2,338 | 2,569 | |
| CWIP | 16 | 21 | 21 | 30 | 33 | 56 | 68 | 57 | 60 |
| Investments | 0 | 0 | 16 | 27 | 153 | 66 | 0 | 144 | 3 |
| 190 | 355 | 186 | 208 | 590 | 679 | 591 | 501 | 622 | |
| Total Assets | 834 | 1,095 | 1,384 | 1,349 | 2,165 | 2,591 | 2,837 | 3,040 | 3,255 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| 3 | 47 | 213 | 154 | 395 | 382 | 449 | 508 | 507 | |
| -54 | -335 | -2 | -78 | -692 | -204 | -187 | -337 | -233 | |
| 19 | 281 | -208 | -52 | 313 | -195 | -213 | -211 | -260 | |
| Net Cash Flow | -32 | -7 | 3 | 25 | 16 | -17 | 49 | -39 | 14 |
| Free Cash Flow | -101 | -128 | 72 | 81 | 110 | -1 | 64 | 245 | 189 |
| CFO/OP | 38% | 130% | 116% | 125% | 132% | 89% | 98% | 107% | 108% |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 2 | 7 | 1 | 3 | 3 | 3 | 5 | 5 | 4 |
| Inventory Days | 39 | 35 | 40 | 56 | 46 | 49 | 44 | 39 | 41 |
| Days Payable | 128 | 106 | 110 | 170 | 138 | 107 | 104 | 98 | 104 |
| Cash Conversion Cycle | -87 | -63 | -69 | -110 | -89 | -55 | -55 | -54 | -59 |
| Working Capital Days | -101 | -139 | -42 | -87 | -56 | -53 | -35 | -33 | -32 |
| ROCE % | -5% | 1% | -2% | 9% | 10% | 7% | 6% | 4% |
Insights
In beta| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| KFC India Total Restaurant Count restaurants ・Standalone data |
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| Pizza Hut India Total Restaurant Count restaurants ・Standalone data |
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| Sri Lanka + Maldives Total Restaurant Count restaurants ・Standalone data |
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| KFC India Average Daily Sales (ADS) per Restaurant INR '000 ・Standalone data |
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| Pizza Hut India Average Daily Sales (ADS) per Restaurant INR '000 ・Standalone data |
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| Sri Lanka Average Daily Sales (ADS) per Restaurant INR '000 ・Standalone data |
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| Sri Lanka Same-Store Sales Growth (SSSG) % ・Standalone data |
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| KFC India Same-Store Sales Growth (SSSG) % ・Standalone data |
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| Pizza Hut India Same-Store Sales Growth (SSSG) % ・Standalone data |
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Extracted by Screener AI
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Newspaper Publication
28 Jun - Sapphire Foods India Limited has informed regarding copy of Newspaper Publication
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ESG Report For The Financial Year 2025-26
27 Jun - Released FY2025-26 ESG Report aligned with GRI Standards on company website.
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Business Responsibility and Sustainability Reporting (BRSR)
27 Jun - Filed BRSR for FY 2025-26 as part of annual report on 27 June 2026.
- Reg. 34 (1) Annual Report. 27 Jun
- Notice Of 17Th Annual General Meeting To Be Held On 21St July 2026 27 Jun
Annual reports
Concalls
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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.