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 ₹ 9,565 Cr.
- Current Price ₹ 1,501
- High / Low ₹ 1,700 / 1,169
- Stock P/E 51.6
- Book Value ₹ 206
- Dividend Yield 0.00 %
- ROCE 9.81 %
- ROE 20.7 %
- Face Value ₹ 10.0
Pros
- Company has delivered good profit growth of 53.9% CAGR over last 5 years
Cons
- Stock is trading at 7.29 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: -10.4%
- Promoter holding is low: 31.3%
- Tax rate seems low
- Company has a low return on equity of 7.69% 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
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 | TTM | |
---|---|---|---|---|---|---|---|
957 | 1,194 | 1,340 | 1,020 | 1,722 | 2,266 | 2,523 | |
942 | 1,155 | 1,155 | 894 | 1,417 | 1,836 | 2,067 | |
Operating Profit | 15 | 39 | 186 | 125 | 305 | 430 | 456 |
OPM % | 2% | 3% | 14% | 12% | 18% | 19% | 18% |
2 | 9 | -83 | 61 | 38 | 30 | 32 | |
Interest | 2 | 18 | 72 | 76 | 78 | 87 | 98 |
Depreciation | 55 | 74 | 191 | 209 | 214 | 264 | 309 |
Profit before tax | -40 | -44 | -161 | -99 | 51 | 108 | 81 |
Tax % | -3% | -3% | 1% | -1% | 11% | -115% | |
-41 | -45 | -159 | -100 | 46 | 233 | 185 | |
EPS in Rs | -9.85 | -10.36 | -31.35 | -18.65 | 7.31 | 36.73 | 29.26 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 19% |
3 Years: | 19% |
TTM: | 15% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 54% |
3 Years: | 78% |
TTM: | 49% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
1 Year: | 26% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | 2% |
3 Years: | 8% |
Last Year: | 21% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
---|---|---|---|---|---|---|---|
Equity Capital | 42 | 43 | 50 | 53 | 64 | 64 | 64 |
Reserves | 436 | 429 | 474 | 427 | 944 | 1,192 | 1,248 |
31 | 96 | 646 | 645 | 789 | 963 | 1,070 | |
326 | 527 | 214 | 225 | 368 | 372 | 375 | |
Total Liabilities | 834 | 1,095 | 1,384 | 1,349 | 2,165 | 2,591 | 2,756 |
628 | 719 | 1,161 | 1,084 | 1,390 | 1,789 | 1,999 | |
CWIP | 16 | 21 | 21 | 30 | 33 | 56 | 95 |
Investments | 0 | 0 | 16 | 27 | 153 | 66 | 36 |
190 | 355 | 186 | 208 | 590 | 679 | 626 | |
Total Assets | 834 | 1,095 | 1,384 | 1,349 | 2,165 | 2,591 | 2,756 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|
3 | 47 | 213 | 154 | 395 | 382 | |
-54 | -335 | -2 | -78 | -692 | -204 | |
19 | 281 | -208 | -52 | 313 | -195 | |
Net Cash Flow | -32 | -7 | 3 | 25 | 16 | -17 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|
Debtor Days | 2 | 7 | 1 | 3 | 3 | 3 |
Inventory Days | 39 | 35 | 40 | 56 | 46 | 49 |
Days Payable | 128 | 106 | 110 | 170 | 138 | 107 |
Cash Conversion Cycle | -87 | -63 | -69 | -110 | -89 | -55 |
Working Capital Days | -91 | -133 | -21 | -49 | -35 | -25 |
ROCE % | -5% | 1% | -2% | 9% | 10% |
Documents
Announcements
- Compliance Certificate For The Year Ended March 2024 13h
- Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011 23 Mar
- Closure of Trading Window 22 Mar
- Sapphire Foods India Limited Has Informed The Exchange About Merger 20 Mar
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
18 Mar - Sapphire Foods India Limited has informed the Exchange about Schedule of meet.
Annual reports
Concalls
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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]