Sapphire Foods India Ltd

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

Sapphire Foods India Ltd

₹ 300 -0.18%
22 Nov - 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 ₹ 9,623 Cr.
  • Current Price ₹ 300
  • High / Low ₹ 401 / 259
  • Stock P/E 434
  • Book Value ₹ 38.6
  • Dividend Yield 0.00 %
  • ROCE 7.26 %
  • ROE 4.30 %
  • Face Value ₹ 2.00
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Pros

  • Company has delivered good profit growth of 26.3% CAGR over last 5 years

Cons

  • Stock is trading at 7.77 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%
  • Promoter holding is low: 26.2%
  • Company has a low return on equity of 9.90% 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 BSE 400 MidSmallCap Index BSE 250 SmallCap Index BSE Allcap BSE Consumer Discretionary Nifty Total Market

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

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
342 415 398 473 487 514 492 565 550 572 548 617 591
299 323 321 372 395 409 402 454 448 462 454 504 493
Operating Profit 43 92 78 101 92 105 90 111 102 110 94 114 98
OPM % 13% 22% 19% 21% 19% 20% 18% 20% 19% 19% 17% 18% 17%
8 7 10 6 7 7 8 7 8 6 10 5 -8
Interest 17 16 18 18 19 20 23 21 23 25 26 26 26
Depreciation 43 43 49 54 56 61 65 65 69 79 79 81 79
Profit before tax -9 40 20 34 24 32 10 33 20 13 -0 13 -15
Tax % 0% 0% 0% 0% 0% 0% -1,316% 26% 24% 26% -1,636% 25% 3%
-9 40 20 34 24 32 135 24 15 10 2 9 -15
EPS in Rs -0.28 1.25 0.62 1.08 0.76 1.00 4.24 0.76 0.46 0.30 0.07 0.29 -0.48
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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
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: 8%
1 Year: 7%
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%

Shareholding Pattern

Numbers in percentages

61 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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