Want to see IN:SAPPHIRE full AI Analyst Report?
Top Page
Sapphire Foods India Ltd.
(SAPPHIRE)
Select Model
Select Model
Rating:56Neutral
Price Target:
₹257.00
▲(43.62% Upside)
Action:Reiterated
Date:08/08/26
The score is driven primarily by mixed fundamentals: strong cash generation and steady revenue growth are offset by a sharp profitability decline to a 2026 loss and negative returns. Technicals are supportive with an established uptrend, but overbought signals temper the near-term outlook. Valuation is a drag due to negative earnings and no dividend yield support.
Positive Factors
Strong Cash Generation
Consistent operating cash flow gives Sapphire the capacity to fund restaurant expansion, meet debt obligations and absorb operating volatility. The strong 2026 free-cash-flow rebound further supports internal funding, although cash conversion should remain monitored.
Negative Factors
Sharp Profitability Deterioration
The shift to a net loss despite continued revenue growth signals weaker earnings quality and limited operating leverage. Persistent margin pressure from food, labor, occupancy or other expenses could constrain reinvestment and reduce the benefit of future sales growth.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong Cash Generation
Consistent operating cash flow gives Sapphire the capacity to fund restaurant expansion, meet debt obligations and absorb operating volatility. The strong 2026 free-cash-flow rebound further supports internal funding, although cash conversion should remain monitored.
Read all positive factors
Sapphire Foods India Ltd. (SAPPHIRE) vs. iShares MSCI India ETF (INDA)
Market Cap
₹72.47B
Dividend YieldN/A
Average Volume (3M)405.56K
Price to Earnings (P/E)―
Beta (1Y)1.59
Revenue Growth10.17%
EPS Growth-283.44%
CountryIN
Employees13,817
SectorGeneral
Sector StrengthN/A
IndustryRestaurants
Share Statistics
EPS (TTM)-0.04
Shares Outstanding321,382,900
10 Day Avg. Volume330,261
30 Day Avg. Volume405,558
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 TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)0.9
Revenue Forecast (FY)₹35.31B
Sapphire Foods India Ltd. Business Overview & Revenue Model
Company Description
Sapphire Foods India Limited, a company incorporated in Mumbai, India, in 2009, specializes in owning and operating restaurants both domestically and globally. The firm also engages in the franchisee business. As of March 31, 2022, its extensive n...
How the Company Makes Money
Sapphire Foods makes money primarily by operating QSR restaurants and selling food and beverages to customers through multiple channels. The company’s key revenue streams are: (1) Restaurant sales: Revenue from dine-in, takeaway, and delivery orde...
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. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
66 Neutral | ₹6.69B | 3.81 | ― | ― | 4.53% | ― | |
57 Neutral | ₹310.39B | 71.03 | ― | 0.26% | 16.26% | 75.87% | |
56 Neutral | ₹72.47B | -451.48 | ― | ― | 10.17% | -283.44% | |
56 Neutral | ₹170.08B | -615.11 | ― | ― | 14.72% | -133.37% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
53 Neutral | ₹88.86B | 280.12 | ― | 0.07% | 6.76% | 212.75% | |
51 Neutral | ₹69.78B | -33.35 | ― | ― | 13.29% | 24.69% |
* General Sector Average
IN:SAPPHIRE
Sapphire Foods India Ltd.
225.50
-102.45
-31.24%
IN:COFFEEDAY
Coffee Day Enterprises Ltd
31.67
-12.78
-28.75%
IN:DEVYANI
Devyani International Ltd.
137.95
-45.65
-24.86%
IN:JUBLFOOD
Jubilant Foodworks Limited
470.40
-159.76
-25.35%
IN:RBA
Restaurant Brands Asia Limited
98.00
17.31
21.45%
IN:WESTLIFE
Westlife Foodworld Limited
569.85
-168.99
-22.87%
Sapphire Foods India Ltd. Corporate Events
Sapphire Foods Board Clears June-Quarter Unaudited Results After Limited Review
Jul 24, 2026
Sapphire Foods India Ltd said its board has approved the unaudited standalone and consolidated financial results for the quarter ended 30 June 2026, following a review and recommendation by the audit committee. The results, which have undergone a ...
Sapphire Foods Schedules 17th AGM in Virtual Format, Publishes Notices Nationwide
Jun 28, 2026
Sapphire Foods India Ltd. has notified exchanges that it will hold its 17th Annual General Meeting on 21 July 2026 at 5:00 p.m. IST via video conferencing and other audio-visual means, reflecting continued use of virtual formats for shareholder en...
Sapphire Foods Sets Virtual AGM for July 21, 2026
Jun 26, 2026
Sapphire Foods India Limited has scheduled its 17th Annual General Meeting for 21 July 2026 at 5:00 p.m. IST, to be conducted via video conferencing and other audio-visual means in line with the Companies Act, 2013 and SEBI listing regulations. Th...
Sapphire Foods Faces INR 977 Million GST Demand, Sees No Material Impact
May 27, 2026
Sapphire Foods India Ltd. has disclosed that it received show-cause notices from the Assistant Commissioner (ST), Koyambedu Assessment Circle in Chennai under Section 73 of the Tamil Nadu SGST Act, 2017. The notices, covering April 2022 to March 2...
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.