Sapphire Foods India Ltd. (IN:SAPPHIRE)
:SAPPHIRE
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Sapphire Foods India Ltd.
(SAPPHIRE)
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Rating:54Neutral
Price Target:
₹183.00
▼(-27.58% Downside)
Action:Reiterated
Date:05/01/26
The score is held back primarily by weakened profitability and a 2026 net loss (negative P/E), despite solid and improving cash generation. Technicals are moderately supportive in the near term (price above shorter-term averages with positive MACD), but the stock remains below the 200-day average, limiting confidence in a sustained uptrend.
Positive Factors
Cash generation
Strong, consistently positive operating cash flow and generally positive free cash flow provide durable internal funding for store openings, working capital and debt servicing. Improved cash conversion in 2026 cushions the business from accounting losses and supports reinvestment without immediate outside financing.
Negative Factors
Profitability deterioration
A swing from healthy profits to a 2026 net loss signals persistent cost or mix pressure that undermines earnings quality. Continued accounting losses would erode retained earnings, limit flexibility for dividends or buybacks, and could force trade-offs between margin recovery and growth investments if not reversed.
Read all positive and negative factors
Positive Factors
Negative Factors
Cash generation
Strong, consistently positive operating cash flow and generally positive free cash flow provide durable internal funding for store openings, working capital and debt servicing. Improved cash conversion in 2026 cushions the business from accounting losses and supports reinvestment without immediate outside financing.
Read all positive factors
Sapphire Foods India Ltd. (SAPPHIRE) vs. iShares MSCI India ETF (INDA)
Market Cap
₹58.11B
Dividend YieldN/A
Average Volume (3M)14.64K
Price to Earnings (P/E)―
Beta (1Y)1.47
Revenue Growth8.45%
EPS Growth-266.35%
CountryIN
Employees12,499
SectorConsumer Cyclical
Sector Strength84
IndustryRestaurants
Share Statistics
EPS (TTM)-0.04
Shares Outstanding321,382,900
10 Day Avg. Volume9,615
30 Day Avg. Volume14,639
Financial Highlights & Ratios
PEG Ratio0.57
Price to Book (P/B)3.49
Price to Sales (P/S)1.55
P/FCF Ratio25.92
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
₹230.00Price Target Upside-8.98% Downside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)0.71
Revenue Forecast (FY)₹34.96B
Sapphire Foods India Ltd. Business Overview & Revenue Model
Company Description
Sapphire Foods India Limited owns and operates restaurants in India and internationally. It also engages in the franchisee business. As of March 31, 2022, the company owned and operated 263 KFC and 219 Pizza Hut restaurants in India, 90 Pizza Hut ...
How the Company Makes Money
Sapphire Foods India Ltd. primarily makes money by operating franchised quick-service restaurants and earning revenue from the sale of food and beverages to customers across dine-in, takeaway, and delivery. Its key revenue stream is restaurant sal...
Sapphire Foods India Ltd. Financial Statement Overview
Summary
Income Statement
46
Neutral
Balance Sheet
58
Neutral
Cash Flow
72
Positive
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 29.87B | 31.25B | 28.82B | 25.94B | 22.66B | 17.15B |
| Gross Profit | 14.44B | 13.10B | 9.89B | 9.05B | 12.32B | 8.25B |
| EBITDA | 4.88B | 4.74B | 4.77B | 4.95B | 4.59B | 3.43B |
| Net Income | -7.93M | -319.45M | 192.53M | 528.09M | 2.33B | 464.60M |
Balance Sheet | ||||||
| Total Assets | 32.07B | 32.56B | 30.41B | 28.40B | 25.94B | 21.64B |
| Cash, Cash Equivalents and Short-Term Investments | 1.33B | 712.10M | 2.28B | 1.81B | 2.88B | 4.07B |
| Total Debt | 13.80B | 14.17B | 12.92B | 11.64B | 9.63B | 7.89B |
| Total Liabilities | 18.16B | 18.67B | 16.45B | 15.00B | 13.40B | 11.58B |
| Stockholders Equity | 13.92B | 13.91B | 13.98B | 13.39B | 12.56B | 10.07B |
Cash Flow | ||||||
| Free Cash Flow | 939.31M | 1.87B | 2.43B | 636.27M | -23.32M | 1.10B |
| Operating Cash Flow | 2.12B | 5.07B | 5.08B | 4.49B | 3.82B | 3.95B |
| Investing Cash Flow | -894.70M | -2.33B | -3.37B | -1.87B | -2.04B | -6.92B |
| Financing Cash Flow | -1.24B | -2.60B | -2.11B | -2.12B | -1.95B | 3.13B |
Sapphire Foods India Ltd. Technical Analysis
Neutral
252.70
Price Trends
173.07
Positive
195.76
Negative
243.14
Negative
Market Momentum
1.09
Positive
50.81
Neutral
63.31
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:SAPPHIRE, the sentiment is Neutral. The current price of 252.7 is above the 20-day moving average (MA) of 182.54, above the 50-day MA of 173.07, and above the 200-day MA of 243.14, indicating a neutral trend. The MACD of 1.09 indicates Positive momentum. The RSI at 50.81 is Neutral, neither overbought nor oversold. The STOCH value of 63.31 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IN:SAPPHIRE.
Sapphire Foods India Ltd. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
58 Neutral | ₹311.81B | 130.51 | ― | 0.21% | 20.10% | 7.11% | |
54 Neutral | ₹58.11B | -99.61 | ― | ― | 8.45% | -266.35% | |
53 Neutral | ₹72.92B | 232.51 | ― | 0.14% | 5.40% | 166.08% | |
52 Neutral | ₹143.21B | -305.13 | ― | ― | 13.34% | -352.55% | |
49 Neutral | ₹5.14B | 3.46 | ― | ― | 4.04% | ― | |
48 Neutral | ₹39.87B | -17.95 | ― | ― | 10.66% | 23.29% |
* Consumer Cyclical Sector Average
IN:SAPPHIRE
Sapphire Foods India Ltd.
180.80
-140.45
-43.72%
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Sapphire Foods India Ltd. Corporate Events
Sapphire Foods Posts Q4 FY26 Earnings Call Audio for Investors
Apr 28, 2026
Sapphire Foods India Limited has notified stock exchanges that the audio recording of its investors’ earnings call discussing financial results for the quarter and year ended 31 March 2026 is now available on its website. The move underscore...
Sapphire Foods Clears FY26 Results, CTO Resigns as Board Backs Leadership Continuity
Apr 28, 2026
Sapphire Foods India Ltd. said its board has approved the audited standalone and consolidated financial results for the quarter and year ended 31 March 2026, with the statutory auditors issuing an unmodified opinion. The company will also provide ...
Sapphire Foods Board Clears FY26 Results, Announces Leadership Changes
Apr 28, 2026
Sapphire Foods India Ltd. reported that its board has approved the audited standalone and consolidated financial results for the quarter and full year ended 31 March 2026, with an unmodified opinion from its statutory auditors. The move provides i...
Sapphire Foods faces High Court appeal after major cut in tax demand
Apr 24, 2026
Sapphire Foods India has disclosed that the Income Tax (TDS) Department has filed an appeal before the Bombay High Court challenging an Income Tax Appellate Tribunal ruling in the company’s favour for assessment years 2016–17 and 2018&...
Sapphire Foods Promoter Confirms No New Share Encumbrances for FY 2026
Apr 22, 2026
Sapphire Foods Mauritius Limited, a promoter entity of Sapphire Foods India Ltd., has filed a declaration with Indian stock exchanges under Regulation 31(4) of SEBI’s Substantial Acquisition of Shares and Takeovers Regulations, 2011. The fil...
Sapphire Foods Schedules Analyst and Investor Meeting on 20 March 2026
Mar 17, 2026
Sapphire Foods India Limited has notified the stock exchanges that its officials will meet analysts and institutional investors on 20 March 2026 in an in-person, one-on-one interaction organized by Spark Institutional Equities Private Limited. The...
Sapphire Foods Schedules Goldman Sachs Meet, Updates Investor Presentation
Feb 23, 2026
Sapphire Foods India Limited has scheduled an in-person, one-on-one meeting with Goldman Sachs on 26 February 2026, as part of its ongoing engagement with analysts and institutional investors. The company has also made its latest investor and corp...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.