Sapphire Foods India Ltd
NSE: SAPPHIRE · Restaurants · sector
₹195.55NSE close 2026-10-26
Key numbers
Market cap₹6,285 cr
Price₹195.55
52w high / low₹310 / ₹140
P/E–Sector median 48.0x
P/B4.5xSector median 9.3x
Book value₹43.6
Dividend yield–Sector median 0.34%
ROE-0.3%Sector median 3.9%
ROCE8.8%Sector median 9.0%
OPM14.8%Sector median 15.0%
Debt / equity0.00xSector median 0.29x
EV/EBITDA12.1xSector median 15.3x
Interest cover1.0x
Current ratio0.80x
Sales growth 3y+11.3%Sector median +11.2%
Profit growth 3y–Sector median -16.2%
PEG–
Last 12 months to Sep 2026, Consolidated. "Sector median" = middle value of 12 companies in Restaurants (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹71 cr vs borrowings ₹6 cr (FY26): cash is higher (net cash).
- Borrowings fell in each of the last 3 years (₹963 cr → ₹6 cr).
- Operating profit covered interest 1.0x in the last 12 months.
- Operating cash flow was below net profit in 0 of the last 5 years.
- Net loss in 5 of the last 8 quarters.
- Revenue was higher than a year earlier in 4 of the last 4 quarters.
- No dividend in the last 5 financial years.
- Price ₹195.55 on 2026-10-26: -37.0% from the 52-week high, +39.8% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹357.50 · low ₹154.48
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 757 | 711 | 777 | 742 | 814 | 792 | 891 | 888 |
| EBITDA | 134 | 102 | 113 | 102 | 123 | 112 | 140 | 126 |
| OPM % | 17.8% | 14.4% | 14.5% | 13.8% | 15.1% | 14.1% | 15.7% | 14.1% |
| Other income | 10 | 13 | 7 | 9 | 7 | 5 | 6 | 7 |
| Net profit | 12 | 0 | -2 | -13 | -5 | -13 | 14 | -1 |
| EPS (₹) | 0.37 | 0.06 | -0.06 | -0.40 | -0.15 | -0.39 | 0.44 | -0.05 |
| Revenue YoY | +7.6% | +11.4% | +14.7% | +19.6% | ||||
| Profit YoY | -140.0% | -2,902.2% | – | – |
Consolidated figures where filed. Latest quarter Sep 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 1,722 | 2,266 | 2,594 | 2,882 | 3,125 | 3,385 |
| EBITDA | 305 | 428 | 461 | 461 | 450 | 500 |
| Net profit | 46 | 233 | 53 | 23 | -32 | -5 |
| EPS (₹) | 1.56 | 7.35 | 1.66 | 0.60 | -0.99 | -0.15 |
| Revenue growth | +31.6% | +14.5% | +11.1% | +8.4% | +13.3% | |
| Profit growth | +402.3% | -77.4% | -55.8% | -236.9% | – | |
| Dividend / share (₹) | – | – | – | – | – |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | +11.3% | – | +13.3% |
| Net profit | – | – | – |
| EPS | – | – | – |
| Share price | – | -25.2% (2y) | -34.5% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 1,256 | 1,339 | 1,398 | 1,391 |
| Borrowings | – | 963 | 28 | 20 | 6 |
| Cash & equivalents | – | 286 | 168 | 222 | 71 |
| Total assets | – | 2,594 | 2,840 | 3,041 | 3,256 |
| Fixed assets | – | 1,562 | 1,944 | 2,112 | 2,291 |
| Capital work in progress | – | 55 | 67 | 56 | 60 |
| Investments | – | 0 | 0 | 0 | 0 |
| Receivables | – | 18 | 34 | 37 | 35 |
| Inventory | – | 99 | 97 | 96 | 112 |
| Payables | – | 217 | 231 | 243 | 284 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | 395 | 382 | 449 | 508 | 507 |
| Cash from investing | -692 | -204 | -187 | -337 | -233 |
| Cash from financing | 313 | -195 | -212 | -211 | -260 |
| Capex | 285 | 384 | 385 | 265 | 320 |
| Free cash flow | 110 | -2 | 64 | 243 | 187 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | 18.6% | 3.9% | 1.7% | -2.3% |
| ROCE % | – | 8.8% | 12.5% | 9.5% | 6.1% |
| Debtor days | – | 3 | 5 | 5 | 4 |
| Inventory days | – | 49 | 44 | 38 | 41 |
| Payable days | – | 107 | 104 | 98 | 104 |
| Cash conversion cycle (days) | – | -55 | -55 | -55 | -59 |
| Working capital days | – | -7 | -11 | -5 | -23 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 26.07% |
| FIIs | 24.02% |
| DIIs | 43.14% |
| of which Mutual funds | 38.43% |
| of which Insurance | 4.08% |
| Public (non-institutions) | 6.77% |
| Quarter | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 26.13% | 26.08% | 26.07% | 26.07% | 26.07% | 26.07% | 26.07% | 26.07% |
| Promoter group | % |
|---|---|
| Sapphire Foods Mauritius Limited | 23.81% |
| Sagista Realty Advisors Private Limited (Trustee of QSR Management Trust) | 2.25% |
| Sagista Realty Advisors Private Limited | 0.00% |
| KFCH Restaurants Private Limited | 0.00% |
| Ironman Investments Limited | 0.00% |
| Arinjaya (Mauritius) Ltd | 0.00% |
| Samara Capital Partners Fund II Limited | 0.00% |
| Karikala (Mauritius) Limited | 0.00% |
| Samara Capital Management Limited | 0.00% |
| TR Capital III Mauritius III | 0.00% |
| Newquest Asia Fund IV (Singapore) Pte Ltd | 0.00% |
| Public holders above 1% | % |
|---|---|
| Nippon Life India Trustee Ltd-A/C Nippon India Small Cap Fund | 8.60% |
| Mirae Asset Great Consumer Fund | 7.25% |
| HDFC Trustee Company Limited-HDFC Flexi Cap Fund | 6.52% |
| Kotak Funds - India Midcap Fund | 3.68% |
| Fidelity Funds - India Focus Fund | 3.65% |
| Sundaram Mutual Fund A/C Sundaram Services Fund | 3.47% |
| Kotak Mahindra Trustee Co Ltd A/C Kotak Multi Asset Allocation Fund | 2.93% |
| T. Rowe Price International Discovery Fund | 2.61% |
| Franklin India Small Cap Fund | 2.38% |
| Abu Dhabi Investment Authority - Monsoon | 1.88% |
| Government Pension Fund Global | 1.81% |
| HSBC Mutual Fund - HSBC Value Fund | 1.79% |
| ICICI Prudential Life Insurance Company Limited | 1.79% |
| Bajaj Life Insurance Limited | 1.78% |
| ICICI Prudential Innovation Fund | 1.70% |
56,882 shareholders. Pledged: – of promoter shares.
Peers in Restaurants
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| JUBLFOOD | ₹27,905 cr | 64.4x | 12.2x | 20.1% | 24.4% | 19.4% | +22.6% | 0.29% |
| TRAVELFOOD | ₹15,010 cr | 31.5x | 10.4x | 33.0% | 43.4% | 38.5% | – | 0.40% |
| DEVYANI | ₹14,810 cr | – | 9.6x | -2.1% | 8.4% | 15.0% | +23.2% | – |
| WESTLIFE | ₹9,163 cr | 1,546.3x | 17.9x | 1.2% | – | – | – | 0.13% |
| RBA | ₹6,541 cr | – | 9.1x | -21.3% | 0.0% | 12.0% | +11.2% | – |
| SAPPHIRE | ₹6,285 cr | – | 4.5x | -0.3% | 8.8% | 14.8% | +11.3% | – |
| UFBL | ₹2,442 cr | – | 7.9x | -11.8% | 9.0% | 14.8% | +2.8% | – |
| SPICELOUNG | ₹1,487 cr | 71.1x | 12.1x | 13.5% | 9.0% | 10.7% | – | – |
| SPECIALITY | ₹624 cr | 26.6x | 1.8x | 7.0% | 12.9% | 17.4% | +8.3% | 0.77% |
| COFFEEDAY | ₹594 cr | 3.4x | 0.2x | 6.5% | 7.7% | 32.4% | +6.5% | – |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2024-09-05 | Split | Face Value Split (Sub-Division) - From Rs 10/- Per Share To Rs 2/- Per Share |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Annual report FY22
- Announcements NSE filings
- BRSR FY26
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
- Quick Service Restaurant (QSR): Sapphire Foods India Limited (SFIL) is one of YUM! Brands’ largest franchise partners in India and, as of March 31, 2026, operates 916 KFC and Pizza Hut restaurant outlets across the country.
| Sector | Consumer Discretionary |
| Industry | Restaurants |
| Sub-industry | Restaurants |
| Symbol | SAPPHIRE |
| BSE code | 543397 |
| ISIN | INE806T01020 |
| Face value | ₹2.0 |
| Incorporated | 2009-11-10 |
| Website | www.sapphirefoods.in |
| Plants (India / abroad) | 924 / 138 |
From the company's filings (BRSR FY26).
Data built 2026-10-22 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.