Sapphire Foods India Ltd

Sapphire Foods India Ltd

₹ 184 -2.27%
08 May - 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.

  • Market Cap 5,904 Cr.
  • Current Price 184
  • High / Low 368 / 140
  • Stock P/E
  • Book Value 43.3
  • Dividend Yield 0.00 %
  • ROCE 3.99 %
  • ROE -1.04 %
  • Face Value 2.00

Pros

Cons

  • Stock is trading at 4.25 times its book value
  • Company has low interest coverage ratio.
  • Promoter holding is low: 26.1%
  • Company has a low return on equity of 1.64% 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.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
560 654 643 666 632 718 696 757 711 777 742 814 792
462 533 528 544 529 594 584 622 605 664 640 680 668
Operating Profit 98 121 115 122 103 124 112 134 106 113 102 134 124
OPM % 18% 19% 18% 18% 16% 17% 16% 18% 15% 15% 14% 16% 16%
11 8 8 6 12 5 -3 10 9 7 9 -4 -8
Interest 25 23 24 26 28 27 27 28 30 30 31 32 31
Depreciation 72 73 77 87 87 90 88 100 85 92 97 102 101
Profit before tax 12 34 21 14 1 12 -6 17 1 -2 -17 -3 -15
Tax % -1,002% 26% 29% 30% -143% 31% 2% 24% -237% -6% -23% 43% -18%
135 25 15 10 2 8 -6 13 2 -2 -13 -5 -13
EPS in Rs 4.27 0.78 0.48 0.32 0.08 0.27 -0.10 0.37 0.06 -0.06 -0.40 -0.15 -0.39
Raw PDF

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: -152%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: -11%
1 Year: -39%
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
326 527 214 225 368 372 334 350 448
Total Liabilities 834 1,095 1,384 1,349 2,165 2,591 2,837 3,040 3,256
628 719 1,161 1,084 1,390 1,789 2,178 2,338 2,570
CWIP 16 21 21 30 33 56 68 57 60
Investments 0 0 16 27 153 66 0 144 3
190 355 186 208 590 679 591 501 623
Total Assets 834 1,095 1,384 1,349 2,165 2,591 2,837 3,040 3,256

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 -31
ROCE % -5% 1% -2% 9% 10% 7% 6% 4%

Insights

In beta
Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Average Daily Sales (ADS) - KFC India
INR '000

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Same Store Sales Growth (SSSG) - KFC India
%
Same Store Sales Growth (SSSG) - Pizza Hut India
%
Same Store Sales Growth (SSSG) - Sri Lanka
% (LKR)
Restaurant Count - KFC India
Number
Restaurant Count - Pizza Hut India
Number
Restaurant Count - Sri Lanka & Maldives
Number
Total App Downloads - KFC India
Millions
Total App Downloads - Pizza Hut India
Millions

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

2 Recently
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
44.87% 41.69% 31.30% 30.84% 30.82% 26.19% 26.13% 26.09% 26.06% 26.06% 26.06% 26.06%
18.66% 23.65% 29.98% 29.95% 31.53% 31.46% 30.67% 30.42% 31.55% 31.31% 29.22% 28.98%
29.61% 28.04% 31.69% 32.39% 31.46% 37.11% 38.32% 38.51% 37.86% 37.25% 37.54% 37.49%
6.87% 6.63% 7.04% 6.82% 6.21% 5.23% 4.89% 5.00% 4.52% 5.37% 7.17% 7.46%
No. of Shareholders 55,53153,84551,84053,15051,60254,06254,90554,41451,42152,41753,54556,668

* 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.

Click on the line-items to see the names of individual entities.

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