Sapphire Foods India Ltd

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

Sapphire Foods India Ltd

₹ 312 -2.36%
13 Dec - close price
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 ₹ 10,012 Cr.
  • Current Price ₹ 312
  • High / Low ₹ 401 / 259
  • Stock P/E 446
  • Book Value ₹ 42.5
  • Dividend Yield 0.00 %
  • ROCE 7.27 %
  • ROE 4.04 %
  • Face Value ₹ 2.00
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Pros

  • Company has delivered good profit growth of 26.0% CAGR over last 5 years

Cons

  • Stock is trading at 7.34 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: -4.62%
  • Company has a low return on equity of 10.5% 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

Part of Nifty 500 Multicap 50:25:25 BSE Allcap BSE 250 SmallCap Index BSE 400 MidSmallCap Index BSE 500

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
414.15 507.54 496.83 546.27 562.77 596.13 560.41 654.38 642.64 665.56 631.70 718.29 695.70
357.53 393.02 397.05 435.88 459.58 479.45 462.26 532.93 527.51 543.81 528.75 594.10 583.68
Operating Profit 56.62 114.52 99.78 110.39 103.19 116.68 98.15 121.45 115.13 121.75 102.95 124.19 112.02
OPM % 13.67% 22.56% 20.08% 20.21% 18.34% 19.57% 17.51% 18.56% 17.92% 18.29% 16.30% 17.29% 16.10%
9.48 7.85 9.78 5.90 7.14 6.67 11.39 7.50 7.51 6.02 12.42 5.26 -2.95
Interest 19.03 18.48 23.33 19.72 20.57 21.71 24.90 22.60 24.47 26.33 27.52 27.25 27.11
Depreciation 51.18 51.34 57.65 60.94 62.82 68.06 72.35 72.73 76.77 87.39 87.01 90.37 88.08
Profit before tax -4.11 52.55 28.58 35.63 26.94 33.58 12.29 33.62 21.40 14.05 0.84 11.83 -6.12
Tax % 24.57% 2.95% 7.31% -7.04% 0.26% 2.62% -1,002.44% 26.03% 28.93% 29.96% -142.86% 30.85% 1.80%
-5.11 51.00 26.49 38.15 26.87 32.69 135.48 24.87 15.22 9.83 2.04 8.19 -6.24
EPS in Rs -0.16 1.61 0.83 1.20 0.85 1.03 4.27 0.78 0.48 0.32 0.08 0.27 -0.10
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 TTM
957 1,194 1,340 1,020 1,722 2,266 2,594 2,711
942 1,155 1,155 894 1,417 1,836 2,132 2,250
Operating Profit 15 39 186 125 305 430 462 461
OPM % 2% 3% 14% 12% 18% 19% 18% 17%
2 9 -83 61 38 30 33 21
Interest 2 18 72 76 78 87 101 108
Depreciation 55 74 191 209 214 264 324 353
Profit before tax -40 -44 -161 -99 51 108 70 21
Tax % 3% 3% -1% 1% 11% -115% 26%
-41 -45 -159 -100 46 233 52 14
EPS in Rs -1.97 -2.07 -6.27 -3.73 1.46 7.35 1.66 0.57
Dividend Payout % 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: 17%
3 Years: 37%
TTM: 11%
Compounded Profit Growth
10 Years: %
5 Years: 26%
3 Years: 36%
TTM: -89%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: 9%
1 Year: 11%
Return on Equity
10 Years: %
5 Years: 4%
3 Years: 10%
Last Year: 4%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 42 43 50 53 64 64 64 64
Reserves 436 429 474 427 944 1,192 1,275 1,296
31 96 646 645 789 963 1,164 1,194
326 527 214 225 368 372 334 369
Total Liabilities 834 1,095 1,384 1,349 2,165 2,591 2,837 2,923
628 719 1,161 1,084 1,390 1,789 2,178 2,201
CWIP 16 21 21 30 33 56 68 74
Investments 0 0 16 27 153 66 0 119
190 355 186 208 590 679 591 529
Total Assets 834 1,095 1,384 1,349 2,165 2,591 2,837 2,923

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
3 47 213 154 395 382 449
-54 -335 -2 -78 -692 -204 -187
19 281 -208 -52 313 -195 -212
Net Cash Flow -32 -7 3 25 16 -17 49

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 2 7 1 3 3 3 5
Inventory Days 39 35 40 56 46 49 44
Days Payable 128 106 110 170 138 107 104
Cash Conversion Cycle -87 -63 -69 -110 -89 -55 -55
Working Capital Days -91 -133 -21 -49 -35 -25 -17
ROCE % -5% 1% -2% 9% 10% 7%

Shareholding Pattern

Numbers in percentages

35 Recently
Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
51.26% 51.26% 51.26% 51.27% 44.90% 44.90% 44.87% 41.69% 31.30% 30.84% 30.82% 26.19%
15.98% 14.34% 12.61% 12.60% 16.54% 15.50% 18.66% 23.65% 29.98% 29.95% 31.53% 31.46%
8.57% 10.83% 12.49% 16.77% 24.95% 27.45% 29.61% 28.04% 31.69% 32.39% 31.46% 37.11%
24.19% 23.57% 23.65% 19.36% 13.61% 12.16% 6.87% 6.63% 7.04% 6.82% 6.21% 5.23%
No. of Shareholders 92,11965,79066,46262,29360,17859,13655,53153,84551,84053,15051,60254,062

* 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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