Sapphire Foods India (SAPPHIRE) is loss-making over the last 12 months, losing ₹4.85 Cr, so a P/E ratio does not apply. Its share price on 6 Nov 2026 was ₹210.06, 23% below its 52-week high. Sales grew 11% a year over 3 years. Debt is 1.08× equity. It is a small-cap company with a market cap of ₹6,759 Cr, ranked 5th of 16 Restaurants companies by market cap; the shares fell 26% over the past year.
- ₹208.00
- ₹214.50
- ₹207.10
- ₹210.06
- 4.5 L
Health check
- ReturnsBehind
−26.3% over a year, better than 0 of 7 peers.
- Price tagLoss-making
Earnings were negative over the last 12 months.
- GrowthUnder pressure
Sales +11.3% a year over 3 years, but loss-making now.
- ProfitabilityWeak
ROCE 3.1% vs peer median 7.8%.
- Balance sheetStretched
Debt 1.08× equity, interest covered 0.7×, Piotroski 2 of 9.
- Red flags2 to check
Loss-making over the last twelve months.
Small cap
Defensive
Key metrics
- Market cap
- ₹6,759 Cr
- Small cap
- P/E
- n/a
- Industry 32.6
- Price to book
- 4.48
- Peers 9.83
- Dividend yield
- 0.00%
- ROE
- −0.4%
- Peers 0.3%
- ROCE
- 3.1%
- Peers 7.8%
- Debt to equity
- 1.08
- Debt ₹1,517 Cr
- EPS (TTM)
- −₹0.15
- Face value ₹2
- OPM (TTM)
- 15.5%
- Net margin −0.1%
- Sales growth
- +19.6%
- Latest quarter vs a year ago
- Profit growth
- n/a
- Year-ago quarter not reported
- Price to sales
- 2.00
- EV/EBITDA 22.5
Strengths and risks
Strengths
- Quarterly sales up 19.6% on a year ago.
- Positive operating cash flow in each of the last 4 years.
Risks to check
- Loss-making over the last twelve months.
- Return on equity is low at −0.4%.
About Sapphire Foods India
Sapphire Foods India Limited owns and operates restaurants. The company engages in the franchisee business of KFC, Pizza Hut, and Taco Bell restaurants in India, Sri Lanka, and Maldives. Sapphire Foods India Limited was incorporated in 2009 and is based in Mumbai, India.
- Headquarters
- Mumbai
- Employees
- 13,817
- Sector
- Consumer Cyclical
- ISIN
- INE806T01020
- Website
- sapphirefoods.in
Price range
- Avg volume (3M)
- 11.2 L
- 1-year return
- minus 26.3%
- From 52-week high
- minus 23.1%
Analyst consensus
Peers · Restaurants
| Company | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| JUBLFOODJubilant Foodworks | 457.20 | plus 0.15% | 30,069 | 80.9 | 13.12 | 16.2% | 19.5% | 19.8% | 20.2% | 6.7% | 0.26% | minus 23.1% |
| DEVYANIDevyani International | 128.65 | minus 0.43% | 15,862 | – | 9.83 | 4.3% | −0.1% | 15.7% | 23.3% | – | 0.00% | minus 18.9% |
| TRAVELFOODTravel Food Services | 1,174.80 | minus 1.00% | 15,474 | 32.6 | 10.73 | 41.8% | 35.3% | 26.6% | 15.6% | 21.8% | 0.87% | minus 9.8% |
| WESTLIFEWESTLIFE FOODWORLD | 655.55 | plus 1.74% | 10,175 | 5042.7 | 16.90 | 9.0% | 0.3% | 13.3% | 4.8% | −33.8% | 0.12% | plus 10.1% |
| SAPPHIRESapphire Foods India | 210.06 | 0.00% | 6,759 | – | 4.48 | 3.1% | −0.4% | 2.9% | 11.3% | – | 0.00% | minus 26.3% |
| RBARestaurant Brands Asia | 88.62 | minus 5.99% | 6,312 | – | 3.53 | −0.6% | −12.5% | 0.5% | 11.0% | – | 0.00% | plus 39.9% |
| UFBLUnited Foodbrands | 538.70 | plus 3.78% | 2,107 | – | 6.73 | 1.4% | −8.1% | 14.8% | 2.8% | – | 0.00% | plus 159.6% |
| COFFEEDAYCoffee Day Enterprises | 31.48 | plus 3.96% | 665 | 3.8 | 0.24 | 7.8% | 7.5% | 14.5% | 6.6% | – | 0.00% | minus 25.2% |
| Median of 7 peers | – | 0.15% | 10,175 | 56.7 | 9.83 | 7.8% | 0.3% | 14.8% | 11.0% | 6.7% | 0.00% | −9.8% |
Quarterly results
| ₹ Cr | Jun 25 | Dec 25 | Mar 26 | Jun 26 | Sep 26 |
|---|---|---|---|---|---|
| 777 | 814 | 792 | 891 | 888 | |
| 664 | 680 | 668 | 751 | 761 | |
| 113 | 134 | 124 | 140 | 127 | |
| 14.5% | 16.5% | 15.7% | 15.7% | 14.3% | |
| 6.8 | 7.1 | 5 | 5.7 | 6.9 | |
| 29.5 | 31.5 | 31.1 | 31.9 | 33.1 | |
| 92 | 102 | 101 | 97.4 | 101 | |
| – | −11.2 | −12.8 | – | −1.3 | |
| −1.8 | −3.4 | −15.5 | 16.2 | −1.9 | |
| 5.7% | −43.4% | 18.5% | 13.3% | 20.6% | |
| −1.8 | −4.8 | −12.6 | 14 | −1.5 | |
| -0.06 | -0.15 | -0.39 | 0.44 | -0.05 |
Profit & loss
- Sales CAGR 3Y
- +11.3%
- ROE
- −0.4%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 2,257 | 2,588 | 2,875 | 3,116 | |
| – | +14.7% | +11.1% | +8.4% | |
| 1,827 | 2,126 | 2,395 | 2,641 | |
| 430 | 462 | 480 | 475 | |
| 19.0% | 17.9% | 16.7% | 15.2% | |
| 23.6 | 22.9 | 11.6 | 19.8 | |
| 86.1 | 100 | 111 | 123 | |
| 264 | 324 | 364 | 392 | |
| 5.2 | 8.8 | 6.5 | −17.4 | |
| 108 | 69.9 | 23.1 | −37.3 | |
| −115.1% | 25.7% | 27.8% | 14.2% | |
| 233 | 52.8 | 19.3 | −32 | |
| – | minus 77.4% | minus 63.5% | minus 266.0% | |
| 7.26 | 1.64 | 0.60 | -0.99 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 63.5 | 63.7 | 64.2 | 64.3 | |
| 1,192 | 1,275 | 1,334 | 1,326 | |
| 963 | 1,164 | 1,292 | 1,417 | |
| 375 | 337 | 351 | 448 | |
| 2,594 | 2,840 | 3,041 | 3,256 | |
| 1,657 | 2,024 | 2,177 | 2,360 | |
| 95 | 79.8 | 64.9 | 68.9 | |
| 1.9 | – | – | 30.1 | |
| 288 | 181 | 228 | 141 | |
| 552 | 555 | 571 | 655 | |
| 2,594 | 2,840 | 3,041 | 3,256 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 382 | 449 | 508 | 507 | |
| −204 | −187 | −337 | −233 | |
| −195 | −213 | −211 | −260 | |
| −16.6 | 49.3 | −39.4 | 13.9 | |
| −384 | −385 | −265 | −320 | |
| −2.3 | 63.8 | 243 | 187 |
Shareholding pattern
- Promoters26.07%
- Public73.93%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 30 Sep 2026 | 26.07% | 73.93% | 0.00 | |
| 30 Jun 2026 | 26.07% | 73.93% | 0.00 | |
| 31 Mar 2026 | 26.07% | 73.93% | 0.00 | |
| 31 Dec 2025 | 26.07% | 73.93% | 0.00 | |
| 30 Sep 2025 | 26.07% | 73.93% | – |
Major shareholders
Filings & events
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