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 ₹ 10,127 Cr.
- Current Price ₹ 316
- High / Low ₹ 401 / 259
- Stock P/E 456
- Book Value ₹ 38.6
- Dividend Yield 0.00 %
- ROCE 7.26 %
- ROE 4.30 %
- Face Value ₹ 2.00
Pros
- Company has delivered good profit growth of 26.3% CAGR over last 5 years
Cons
- Stock is trading at 8.15 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has low interest coverage ratio.
- Company has a low return on equity of 9.90% over last 3 years.
- Promoter holding has decreased over last 3 years: -25.1%
* 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 400 MidSmallCap Index BSE 250 SmallCap Index BSE Consumer Discretionary BSE SmallCap
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
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617 | 761 | 960 | 1,104 | 805 | 1,398 | 1,981 | 2,236 | 2,329 | |
651 | 762 | 941 | 957 | 715 | 1,161 | 1,589 | 1,818 | 1,913 | |
Operating Profit | -34 | -0 | 19 | 147 | 90 | 238 | 392 | 419 | 416 |
OPM % | -6% | -0% | 2% | 13% | 11% | 17% | 20% | 19% | 18% |
23 | 3 | 9 | -70 | 53 | 34 | 28 | 31 | 13 | |
Interest | 1 | 1 | 16 | 60 | 66 | 67 | 80 | 94 | 101 |
Depreciation | 49 | 40 | 55 | 156 | 174 | 180 | 239 | 291 | 317 |
Profit before tax | -62 | -38 | -42 | -139 | -97 | 25 | 101 | 65 | 10 |
Tax % | -4% | -6% | 0% | 0% | 0% | 0% | -124% | 22% | |
-60 | -36 | -42 | -139 | -97 | 25 | 226 | 51 | 6 | |
EPS in Rs | -2.87 | -1.72 | -1.95 | -5.53 | -3.66 | 0.78 | 7.12 | 1.59 | 0.18 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 18% |
3 Years: | 41% |
TTM: | 10% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 26% |
3 Years: | 36% |
TTM: | -89% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 6% |
1 Year: | 13% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | 4% |
3 Years: | 10% |
Last Year: | 4% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Sep 2024 | |
---|---|---|---|---|---|---|---|---|---|
Equity Capital | 42 | 42 | 43 | 50 | 53 | 64 | 64 | 64 | 64 |
Reserves | 533 | 497 | 460 | 504 | 462 | 978 | 1,087 | 1,165 | 1,172 |
0 | 20 | 72 | 554 | 570 | 726 | 908 | 1,103 | 1,142 | |
135 | 156 | 386 | 159 | 170 | 313 | 330 | 278 | 309 | |
Total Liabilities | 710 | 715 | 961 | 1,267 | 1,255 | 2,081 | 2,389 | 2,610 | 2,687 |
415 | 454 | 519 | 919 | 871 | 1,189 | 1,578 | 1,952 | 1,992 | |
CWIP | 4 | 14 | 17 | 19 | 25 | 27 | 50 | 60 | 67 |
Investments | 90 | 90 | 99 | 172 | 187 | 321 | 104 | 40 | 146 |
201 | 157 | 326 | 158 | 171 | 543 | 657 | 558 | 483 | |
Total Assets | 710 | 715 | 961 | 1,267 | 1,255 | 2,081 | 2,389 | 2,610 | 2,687 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|
-45 | -13 | 28 | 167 | 115 | 240 | 414 | 422 | |
29 | -37 | -297 | -39 | -71 | -579 | -254 | -171 | |
-1 | 19 | 263 | -129 | -30 | 342 | -178 | -197 | |
Net Cash Flow | -18 | -32 | -7 | -2 | 14 | 3 | -18 | 54 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|
Debtor Days | 2 | 2 | 8 | 1 | 3 | 3 | 3 | 5 |
Inventory Days | 18 | 35 | 30 | 37 | 50 | 43 | 43 | 36 |
Days Payable | 115 | 135 | 108 | 106 | 170 | 144 | 107 | 102 |
Cash Conversion Cycle | -96 | -98 | -70 | -68 | -117 | -98 | -61 | -62 |
Working Capital Days | -63 | -54 | -127 | -38 | -52 | -39 | -21 | -18 |
ROCE % | -6% | -5% | 0% | -3% | 6% | 10% | 7% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
1d - Q3 FY25 Earnings Conference Call scheduled on 6th February.
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Demand Order From Additional Commissioner (Office Of The Commissioner Of GST & Central Excise), Chennai South Commissionerate, Chennai
31 Jan - Company received GST demand order of Rs. 112.71 Cr.
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Board Meeting Intimation for Financial Results For The Period Ended December 31, 2024
30 Jan - Board meeting scheduled to approve financial results.
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Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS
26 Jan - Sapphire Foods India Limited has informed regarding Allotment of 44067 Equity Shares
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Sapphire Foods India Limited Has informed About Demand Order From DGSTO-4, Bengaluru, Karnataka.
7 Jan - Company received demand order of INR 81.45 Lakhs.
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. As of Q2FY25, company owned and operated 463 KFC restaurants in India and Maldives, 437 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 121 outlets in 52 cities. [2]