SAPPHIRE (Sapphire Foods India) Share Price, Stock Quote

Income Statement for Sapphire Foods India

Standalone figures (in Rs. Crores) / View Consolidated Data

QuarterlyAnnual

Description	(%) Q/Q	Dec-2024	Sep-2024	Jun-2024	Mar-2024	Dec-2023	Sep-2023
Revenue From Operations	8%	638	591	617	548	569	545
Other Income	-29.8%	6.31	8.56	5.24	9.99	6.35	8.34
Total Income	7.7%	645	599	623	558	575	554
Cost of Materials	9.1%	192	176	185	165	171	165
Employee Expense	2.6%	80	78	78	74	72	72
Finance costs	0%	26	26	26	26	24	23
Depreciation and Amortization	15.4%	91	79	81	79	78	68
Other expenses	5.5%	251	238	240	215	216	207
Total Expenses	7.2%	640	597	610	558	561	534
Profit Before exceptional items and Tax	269.1%	4.47	1.94	13	-0.14	13	20
Exceptional items before tax	94.4%	0	-16.96	0	0	0	0
Total profit before tax	121.6%	4.47	-15.03	13	-0.14	13	20
Deferred tax	101.8%	1.01	0.43	3.17	-2.29	3.44	4.79
Total tax	101.8%	1.01	0.43	3.17	-2.29	3.44	4.79
Total profit (loss) for period	114.9%	3.46	-15.46	9.34	2.15	10	15
Other comp. income net of taxes	10.3%	-0.31	-0.46	0.34	-0.46	-0.19	-0.07
Total Comprehensive Income	112.7%	3.15	-15.92	9.68	1.69	9.85	15
Earnings Per Share, Basic	40.3%	0.11	-0.49	0.294	0.068	0.316	0.47
Earnings Per Share, Diluted	40.3%	0.11	-0.49	0.29	0.066	0.312	0.464

Description	(%) Q/Q	Mar-2024	Mar-2023	Mar-2022
Revenue From Operations	13.9%	2,236	1,963	1,398
Other Income	10.7%	32	29	34
Total Income	13.9%	2,268	1,992	1,432
Cost of Materials	8.9%	673	618	419
Employee Expense	19.9%	290	242	212
Finance costs	19.2%	94	79	67
Depreciation and Amortization	22.9%	291	237	180
Other expenses	19.8%	855	714	530
Total Expenses	16.5%	2,202	1,891	1,407
Profit Before exceptional items and Tax	-36%	65	101	25
Total profit before tax	-36%	65	101	25
Deferred tax	111.1%	15	-125.27	0
Total tax	111.1%	15	-125.27	0
Total profit (loss) for period	-77.8%	51	226	25
Other comp. income net of taxes	-95.7%	-1.27	-0.16	-1.62
Total Comprehensive Income	-78.2%	50	226	23
Earnings Per Share, Basic	-90.3%	1.596	7.116	0.832
Earnings Per Share, Diluted	-90.4%	1.578	7.032	0.824

Consolidated figures (in Rs. Crores) / View Standalone Data

QuarterlyAnnual

Description	(%) Q/Q	Dec-2024	Sep-2024	Jun-2024	Mar-2024	Dec-2023	Sep-2023
Revenue From Operations	8.8%	757	696	718	632	666	643
Other Income	20.5%	10	8.47	5.26	12	6.02	7.5
Total Income	9%	767	704	724	644	672	650
Cost of Materials	9.7%	238	217	226	197	207	201
Employee Expense	3.2%	98	95	95	86	87	87
Finance costs	3.8%	28	27	27	28	26	24
Depreciation and Amortization	13.8%	100	88	90	87	87	77
Other expenses	5.6%	286	271	274	246	249	239
Total Expenses	7.3%	750	699	712	643	658	629
Profit Before exceptional items and Tax	272.1%	17	5.3	12	0.84	14	21
Exceptional items before tax	91.9%	0	-11.42	0	0	0	0
Total profit before tax	324.7%	17	-6.12	12	0.84	14	21
Current tax	460%	3.7	0.25	1.48	0.79	1.45	1.79
Deferred tax	45.6%	0.38	-0.14	2.17	-1.99	2.76	4.4
Total tax	451.1%	4.09	0.12	3.65	-1.2	4.22	6.19
Total profit (loss) for period	265.7%	13	-6.24	8.19	2.04	9.83	15
Other comp. income net of taxes	122.4%	3.58	2.16	-0.35	3.55	-0.27	-3.77
Total Comprehensive Income	395.3%	16	-4.08	7.84	5.59	9.56	11
Earnings Per Share, Basic	42.7%	0.37	-0.1	0.268	0.076	0.318	0.482
Earnings Per Share, Diluted	42.7%	0.37	-0.1	0.264	0.074	0.314	0.476

Description	(%) Q/Q	Mar-2024	Mar-2023	Mar-2022
Revenue From Operations	14.5%	2,594	2,266	1,722
Other Income	6.7%	33	31	38
Total Income	14.4%	2,628	2,297	1,760
Cost of Materials	9.5%	811	741	528
Employee Expense	18.2%	346	293	274
Finance costs	16.3%	101	87	78
Depreciation and Amortization	22.8%	324	264	214
Other expenses	21.5%	977	804	615
Total Expenses	16.9%	2,558	2,188	1,708
Profit Before exceptional items and Tax	-35.5%	70	108	51
Total profit before tax	-35.5%	70	108	51
Current tax	149.1%	4.96	2.59	6.44
Deferred tax	109.3%	13	-127.35	-1.04
Total tax	113.5%	18	-124.77	5.4
Total profit (loss) for period	-78%	52	233	46
Other comp. income net of taxes	260%	4.68	-1.3	-22.8
Total Comprehensive Income	-75.8%	57	232	23
Earnings Per Share, Basic	-89.6%	1.66	7.346	1.556
Earnings Per Share, Diluted	-89.7%	1.642	7.258	1.544

Valuation
Market Cap	10.41 kCr
Price/Earnings (Trailing)	622.68
Price/Sales (Trailing)	3.67
EV/EBITDA	20.87
Price/Free Cashflow	154.79
MarketCap/EBT	445.47

Fundamentals
Revenue (TTM)	2.84 kCr
Rev. Growth (Yr)	14.21%
Rev. Growth (Qtr)	8.93%
Earnings (TTM)	16.72 Cr
Earnings Growth (Yr)	29.5%
Earnings Growth (Qtr)	304.11%

Profitability
Operating Margin	1.23%
EBT Margin	0.82%
Return on Equity	1.23%
Return on Assets	0.57%
Free Cashflow Yield	0.65%

Investor Care
Shares Dilution (1Y)	0.70%
Diluted EPS (TTM)	0.61

Financial Health
Current Ratio	0.94
Debt/Equity	0.01
Debt/Cashflow	26.03

Cash Flow for Sapphire Foods India

Consolidated figures (in Rs. Crores) / View Standalone Data

Finance costs	16.3%
Change in inventories	104%
Depreciation	22.8%
Share-based payments	44.8%
Net Cashflows from Operations	17.5%
Income taxes paid (refund)	-14%
Net Cashflows From Operating Activities	17.6%
Proceeds from sales of PPE	-221.7%
Purchase of property, plant and equipment	0.3%
Proceeds from sales of long-term assets	-
Purchase of other long-term assets	-
Interest received	16.7%
Other inflows (outflows) of cash	52.7%
Net Cashflows From Investing Activities	8.1%
Proceeds from issuing shares	-
Proceeds from exercise of stock options	-
Proceeds from borrowings	-
Repayments of borrowings	11.1%
Payments of lease liabilities	11.4%
Interest paid	-39.6%
Net Cashflows from Financing Activities	-9%
Net change in cash and cash eq.	373%

Standalone figures (in Rs. Crores) / View Consolidated Data

Finance costs	19.2%
Change in inventories	126.8%
Depreciation	22.9%
Adjustments for interest income	-5%
Share-based payments	0%
Net Cashflows from Operations	1.7%
Income taxes paid (refund)	-334.5%
Net Cashflows From Operating Activities	1.9%
Cashflows used in obtaining control of subsidiaries	-110%
Proceeds from sales of PPE	-487%
Purchase of property, plant and equipment	3.8%
Proceeds from sales of long-term assets	-
Purchase of other long-term assets	-
Cash receipts from repayment of advances and loans made to other parties	-
Interest received	8.3%
Net Cashflows From Investing Activities	32.5%
Proceeds from issuing shares	-
Proceeds from exercise of stock options	-
Proceeds from borrowings	-
Repayments of borrowings	18.8%
Payments of lease liabilities	12.3%
Interest paid	-38.7%
Net Cashflows from Financing Activities	-10.3%
Net change in cash and cash eq.	377.6%

Balance Sheet for Sapphire Foods India

Standalone figures (in Rs. Crores) / View Consolidated Data

Description	(%) Q/Q	Sep-2024	Mar-2024	Sep-2023	Mar-2023	Mar-2022
Cash and cash equivalents	-24.3%	57	75	33	16	34
Current investments	-	119	0	36	66	153
Total current financial assets	33%	295	222	325	351	480
Inventories	-4.6%	63	66	57	73	49
Total current assets	24.7%	375	301	399	435	538
Property, plant and equipment	2.2%	1,827	1,788	1,618	1,420	1,053
Capital work-in-progress	11.9%	67	60	86	49	27
Goodwill	0%	106	106	106	106	106
Non-current investments	-33.3%	27	40	183	182	169
Total non-current financial assets	-20.8%	127	160	269	283	290
Total non-current assets	0.1%	2,312	2,309	2,265	2,080	1,542
Total assets	3%	2,687	2,610	2,664	2,515	2,080
Borrowings, non-current	-26.5%	9.08	12	812	744	638
Total non-current financial liabilities	3.8%	1,031	993	812	744	638
Provisions, non-current	12.7%	11	9.87	8.75	8.05	7.63
Total non-current liabilities	3.9%	1,043	1,004	821	752	646
Borrowings, current	0%	6.31	6.31	197	158	87
Total current financial liabilities	4%	365	351	478	458	370
Provisions, current	15.6%	6.84	6.05	6.34	5.65	5.43
Total current liabilities	8.2%	408	377	502	478	392
Total liabilities	5.1%	1,451	1,381	1,323	1,230	1,038
Equity share capital	0%	64	64	64	64	64
Total equity	0.6%	1,236	1,229	1,341	1,284	1,042
Total equity and liabilities	3%	2,687	2,610	2,664	2,515	2,080

Consolidated figures (in Rs. Crores) / View Standalone Data

Description	(%) Q/Q	Sep-2024	Mar-2024	Sep-2023	Mar-2023	Mar-2022
Cash and cash equivalents	-9.3%	89	98	68	44	59
Current investments	-	119	0	36	66	153
Total current financial assets	32.7%	330	249	341	373	515
Inventories	-8.3%	89	97	81	99	65
Total current assets	22.7%	445	363	450	493	591
Property, plant and equipment	1.4%	1,971	1,944	1,768	1,562	1,171
Capital work-in-progress	10.6%	74	67	95	55	32
Goodwill	0%	162	162	162	162	162
Total non-current financial assets	-17.5%	81	98	80	83	113
Total non-current assets	0%	2,478	2,477	2,306	2,101	1,573
Total assets	2.9%	2,923	2,840	2,756	2,594	2,164
Borrowings, non-current	-31.6%	9.21	13	860	792	692
Total non-current financial liabilities	3.3%	1,071	1,037	860	792	692
Provisions, non-current	30.8%	18	14	12	11	11
Total non-current liabilities	3.5%	1,093	1,056	875	806	711
Borrowings, current	-45.9%	8.03	14	209	171	98
Total current financial liabilities	2.9%	424	412	539	509	419
Provisions, current	-12.7%	6.84	7.69	7.68	6.96	6.6
Total current liabilities	6.3%	472	444	568	534	447
Total liabilities	4.3%	1,565	1,500	1,443	1,340	1,158
Equity share capital	0%	64	64	64	64	64
Non controlling interest	-1075.8%	-2.88	0.67	1.34	-2.03	-1.7
Total equity	1.3%	1,358	1,340	1,313	1,254	1,005
Total equity and liabilities	2.9%	2,923	2,840	2,756	2,594	2,164

Ticker	Name	Mkt Cap	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
JUBLFOOD	Jubilant FoodworksRestaurants	45.81 kCr	7.7 kCr	+5.06%	+58.15%	121.83	5.95	+42.77%	+70.64%
DEVYANI	Devyani InternationalRestaurants	21.13 kCr	4.82 kCr	+17.83%	+3.67%	-540.69	4.38	+46.48%	-139.41%
WESTLIFE	WESTLIFE FOODWORLDRestaurants	11.25 kCr	2.47 kCr	+3.92%	-12.31%	988.06	4.56	+2.71%	-87.14%
SPECIALITY	Speciality RestaurantsRestaurants	683.4 Cr	449.41 Cr	+0.14%	-27.21%	29.42	1.52	+6.37%	-71.65%

Pros

Smart Money: Smart money has been increasing their position in the stock.

Balance Sheet: Strong Balance Sheet.

Technicals: Bullish SharesGuru indicator.

Size: Market Cap wise it is among the top 20% companies of india.

Buy Backs: Company has bought back it's stock in the past which is a good thing.

Momentum: Stock price has a strong positive momentum. Stock is up 11.9% in last 30 days.

Cons

Dividend: Stock hasn't been paying any dividend.

The Good, Bad and Ugly

Growth

Profitability

Size

Dilution Rank

Balance Sheet

Momentum

Technicals

Smart Money

Insider Trading

Sector Comparison: SAPPHIRE vs Leisure Services

Comprehensive comparison against sector averages

Comparative Metrics

SAPPHIRE metrics compared to Leisure

Category	SAPPHIRE	Leisure
PE	622.68	66.68
PS	3.67	5.60
Growth	11.1 %	12.7 %

Performance Comparison

SAPPHIRE vs Leisure (2022 - 2025)

Key Insights

1. SAPPHIRE is NOT among the Top 10 largest companies in Leisure Services.
2. The company holds a market share of 4.1% in Leisure Services.
3. The company is growing at an average growth rate of other Leisure Services companies.

Share Holdings

Understand Sapphire Foods India ownership landscape with insights into key distribution patterns, offering investors a clear view of stakeholder dynamics.

Holding Pattern

Major Shareholders

Share Holding Details

As of 2025-03-31

Shareholder Name	Holding %
Sapphire Foods Mauritius Limited	23.83%
HDFC Trustee Company Limited-HDFC Flexi Cap Fund	9.4%
Nippon Life India Trustee Ltd-A/C Nippon India Small Cap Fund	8.08%
Government of Singapore	7.82%
Mirae Asset Great Consumer Fund	4.53%
Fidelity Funds - India Focus Fund	3.87%
Kotak Funds - India Midcap Fund	3.59%
Kotak Mahindra Trustee Co Ltd A/C Kotak Multi Asset Allocation Fund	3.36%
Sagista Realty Advisors Private Limited (Trustee of QSR Management Trust)	2.26%
Franklin India Smaller Companies Fund	2.26%
Abu Dhabi Investment Authority - Monsoon	1.6%
T. Rowe Price International Discovery Fund	1.31%
Bajaj Allianz Life Insurance Company Ltd.	1.24%
UTI Value Fund	1.23%
Sundaram Mutual Fund A/C Sundaram Services Fund	1.12%
Monetary Authority of Singapore	1.09%
Eastspring Investments India Consumer Equity Open Limited	1.04%
Ironman Investments Limited	0%
Arinjaya (Mauritius) Ltd	0%
Samara Capital Partners Fund II Limited	0%

Overall Distribution

Distribution across major stakeholders

Ownership Distribution

Distribution across major institutional holders

Summary of Latest Earnings Report from Sapphire Foods India

Summary of Sapphire Foods India's latest earnings call, featuring management's outlook on business performance, financial results, and analyst Q&A sessions that highlight key strategic initiatives and market challenges.

Earnings Outlook

Last updated: Feb 25

The management of Sapphire Foods provided a cautiously optimistic outlook, emphasizing double-digit growth across revenue, EBITDA, and margins. Key points include:

Expansion Plans: Targeting ~70"“80 new KFC stores annually in India and 20"“25 Pizza Hut stores, with Sri Lanka expansion contingent on unit economics.
Same-Store Sales Growth (SSSG):
- KFC: Focus on value offers (INR 99"“399 range), product innovation (e.g., Chicken Rolls), and digital kiosks to revive SSSG (currently -3%). Targeting flat/positive SSSG in Q4 FY25 via base effects.
- Pizza Hut: Positive SSSG (5% in Q3) driven by marketing, dine-in experience, and value. Cautious store expansion until double-digit EBITDA margins.
- Sri Lanka: Strong recovery with 14% SSSG; aiming for 15% revenue CAGR.
Margins:
- KFC: Restaurant EBITDA margin at ~18% (down 190 bps YoY); requires 5%+ SSSG for expansion.
- Pizza Hut: ADS of INR 50k"“55k needed for double-digit EBITDA.
Demand Environment: Soft consumer sentiment, but potential uplift from budget measures (middle-class tax relief). Delivery outperforming dine-in, but strategies to revive dine-in traffic.
Cost Management: Stable gross margins via operational efficiency (dynamic kitchen planning, ESG leadership).
Competition: No material impact from new entrants (e.g., Popeyes); focus on core differentiation and brand loyalty.
ESG: Ranked No. 1 QSR in India for sustainability (DJSI) and global 97th percentile.

Outlook hinges on SSSG recovery, strategic store additions, and macroeconomic tailwinds.

Q&A Session

Last updated: Feb 25

Question 1:
Percy Panthaki (IIFL Securities): Congrats on a good set of numbers. On KFC, the SSSG is still in negative territory. Do you have any visibility or any initial signs of it turning positive? And if so, over what time period do you think this can happen?

Answer:
KFC's SSSG trajectory improved slightly (from -8% in Q2 to -3% in Q3). While base effects may aid Q4 FY25, consumer sentiment remains soft. SSSG recovery depends on genuine demand improvement, not just base adjustments.

Question 2:
Percy Panthaki (IIFL Securities): What is the sustainable 3-year CAGR expectation for Sri Lanka's top-line growth assuming stable currency?

Answer:
Sri Lanka targets a 15% revenue CAGR, driven by store expansion and SSSG. Unit economics are improving, with cautious store openings (~4"“5/year) if margins remain stable.

Question 3:
Avi Mehta (Macquarie): Have competitive intensity or budget-related consumer benefits impacted SSSG trends?

Answer:
Competitive intensity remains stable. The budget's middle-class tax relief may boost consumption, but timing/impact are uncertain.

Question 4:
Saurabh Kundan (Goldman Sachs): What are the learnings from KFC's core-menu pilots? Will this strategy expand pan-India?

Answer:
Pilots focused on promoting core products (e.g., fried chicken, Zinger Burger) to attract infrequent users. Early results show improved transaction growth. Margins remain stable as revenue offsets gross margin pressure.

Question 5:
Tejas Shah (Avendus): What is the store expansion guidance? Are rentals a concern?

Answer:
KFC: 70"“80 stores/year; Pizza Hut: 20"“25. Rentals are stable due to long-term leases. Expansion markers include SSSG, ADS, and cohort performance.

Question 6:
Jay Doshi (Kotak): Has Pizza Hut's recovery reduced competition from smaller players?

Answer:
Organized brands gain during downturns by prioritizing customer experience. Pizza Hut's differentiation (taste, value) and marketing sustain recovery.

Question 7:
Priyam Khimawat (ValueQuest): Can KFC's margins rebound to 20% with higher SSSG?

Answer:
KFC's margins (18% Â±) require 5%+ SSSG to offset inflation. Double-digit SSSG (unlikely near-term) is needed for 20% margins.

Question 8:
Dhiraj Mistry (Antique): How did demand trend in Q3, and what is the Q4 outlook?

Answer:
Q3 demand improved (KFC's flat transactions vs. H1 declines). Q4 remains challenging for KFC, while Pizza Hut's stable ADS limits margin upside.

Question 9:
Vishal Gutka (HDFC Securities): Is anti-US sentiment affecting KFC?

Answer:
No measurable impact. KFC (95% non-veg) remains unaffected by geopolitical sentiments.

Question 10:
Vishal Gutka (HDFC Securities): Can Pizza Hut reduce capex further?

Answer:
Capex (~INR 1.35"“1.4 crore/store) is optimized via smaller formats. Further cuts risk compromising consumer experience.

SAPPHIRE - Sapphire Foods India Limited Share Price

What does Sapphire Foods India Limited do?

Income Statement for Sapphire Foods India

Valuation

Fundamentals

Profitability

Investor Care

Financial Health

Cash Flow for Sapphire Foods India

Balance Sheet for Sapphire Foods India

Is Sapphire Foods India Better than it's peers?

Price to Sales Ratio

Revenue (Last 12 mths)

Net Income (Last 12 mths)

Sector Comparison: SAPPHIRE vs Leisure Services

Comparative Metrics

Performance Comparison

Share Holdings

Holding Pattern

Share Holding Details

Overall Distribution

Ownership Distribution

Summary of Latest Earnings Report from Sapphire Foods India