Sapphire Foods India Ltd
NSE: SAPPHIRE BSE: 543397
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]
₹180
52W: ₹140 — ₹368
PE 0 · Book ₹38.3 · +370% vs bookMarket Cap₹5,795 Cr
Stock P/E—Price to Earnings
ROCE2.98%Return on Capital
ROE2.01%Return on Equity
Div. Yield0%Face Value ₹2
Weaknesses
- −Stock is trading at 4.56 times its book value
- −Company has low interest coverage ratio.
- −Promoter holding is low: 26.1%
- −Company has a low return on equity of 1.22% over last 3 years.
- −Promoter holding has decreased over last 3 years: -18.8%
Shareholding Pattern
Promoters26.06%
FIIs28.98%
DIIs37.49%
Public7.46%
| Category | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters | 30.82% | 26.19%▼4.6 | 26.13%▼0.1 | 26.09%▼0.0 | 26.06%▼0.0 | 26.06% | 26.06% | 26.06% |
| FIIs | 31.53% | 31.46%▼0.1 | 30.67%▼0.8 | 30.42%▼0.3 | 31.55%▲1.1 | 31.31%▼0.2 | 29.22%▼2.1 | 28.98%▼0.2 |
| DIIs | 31.46% | 37.11%▲5.6 | 38.32%▲1.2 | 38.51%▲0.2 | 37.86%▼0.6 | 37.25%▼0.6 | 37.54%▲0.3 | 37.49%▼0.0 |
| Public | 6.21% | 5.23%▼1.0 | 4.89%▼0.3 | 5%▲0.1 | 4.52%▼0.5 | 5.37%▲0.9 | 7.17%▲1.8 | 7.46%▲0.3 |
Financial Statements
| Metric | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 572 | 548 | 617 | 591 | 638 | 605 | 660 | 616 | 680 | 668 |
| Expenses | 462 | 454 | 504 | 493 | 523 | 515 | 562 | 534 | 567 | 564 |
| Operating Profit | 110 | 94 | 114 | 98 | 115 | 90 | 98 | 82 | 112 | 105 |
| OPM % | 19% | 17% | 18% | 17% | 18% | 15% | 15% | 13% | 17% | 16% |
| Net Profit | 10 | 2 | 9 | -15 | 3 | -4 | -3 | -17 | -11 | -17 |
| EPS ₹ | 0.3 | 0.07 | 0.29 | -0.48 | 0.11 | -0.11 | -0.11 | -0.54 | -0.34 | -0.52 |
AI Insights
Revenue Trend
Mar 2026 revenue at ₹2,625Cr, up 7.1% YoY. OPM at 15%.
Debt Position
Borrowings at ₹1,328Cr. Debt-to-equity ratio: 1.14x. High leverage — monitor closely.
Capex Cycle
CWIP at ₹52Cr (2% of fixed assets). Moderate ongoing capital expenditure.
Institutional Flow
DIIs: 37.49% (+7.88pp change). FIIs: 28.98% (+10.32pp change). Promoters hold 26.06%.
Margin & Efficiency
ROCE improving from 0% (Mar 2017) to 3% (Mar 2026). Working capital days: -37.
Recent Announcements
- Compliances-Reg.24(A)-Annual Secretarial Compliance 13 May - Secretarial Compliance Report filed for FY ended 31 March 2026.
- Announcement under Regulation 30 (LODR)-Earnings Call Transcript 5 May - Sapphire Foods India Limited has informed about Transcript
- Announcement under Regulation 30 (LODR)-Change in Management 4 May - Punit Jhunjhunwala promoted to Sr. Vice President and Deputy CFO effective 4 May 2026.
- Announcement under Regulation 30 (LODR)-Investor Presentation 4 May - Sapphire Foods India Limited has informed about Corporate Presentation
- Announcement under Regulation 30 (LODR)-Change in Management 30 Apr - BSE sought details on Amar Patel’s CTO resignation; he serves notice until 1 June 2026.
- Financial Year 2025 from bse
- Financial Year 2024 from bse
- Financial Year 2023 from bse