Sapphire Foods India Ltd. (SAPPHIRE) AI Stock Analysis

Sapphire Foods India Ltd.

(NSE:SAPPHIRE)

Select Model

Rating:56Neutral

Price Target:INR 205.00▲(6.65% 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

Franchise-led QSR platformThe franchise-led model gives Sapphire access to established global brands while its multi-region outlet base and dine-in, takeaway, and delivery formats broaden customer reach. This creates a scalable operating platform that can support continued expansion and recurring consumer demand over the coming quarters.

Negative Factors

Profitability deteriorationThe shift from strong profit to a net loss represents a material deterioration in earnings quality despite ongoing revenue growth. Persistent losses could reduce internally generated capital, weaken returns to shareholders, and make future expansion more dependent on improved operating performance.

Sapphire Foods India Ltd. (SAPPHIRE) vs. iShares MSCI India ETF (INDA)

Market Cap: INR 72.54B
Dividend Yield: ―
Average Volume (3M): 226.42K
Price to Earnings (P/E): -1305.5
Beta (1Y): 1.48
Revenue Growth: 13.32%
EPS Growth: -534.03%
Country: India
Employees: 13,817
Sector: General
Sector Strength: 55
Industry: Restaurants

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 netw...

Sapphire Foods India Ltd. Financial Statement Overview

Summary

Strong and improving operating cash flow and mostly positive free cash flow support reinvestment and debt servicing, but profitability has deteriorated sharply since 2023, culminating in a net loss in 2026 and negative ROE, despite continued revenue growth.

Income Statement

46Neutral

Balance Sheet

58Neutral

Cash Flow

72Positive

Financial statement breakdown
Breakdown	TTM	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022
Income Statement
Total Revenue	32.39B	31.25B	28.82B	25.94B	22.66B	17.15B
Gross Profit	13.87B	13.10B	9.89B	9.05B	12.32B	8.25B
EBITDA	4.99B	4.74B	4.77B	4.95B	4.59B	3.43B
Net Income	-161.06M	-319.45M	192.53M	528.09M	2.33B	464.60M
Balance Sheet
Total Assets	0	32.56B	30.41B	28.40B	25.94B	21.64B
Cash, Cash Equivalents and Short-Term Investments	1.41B	712.10M	2.28B	1.81B	2.88B	4.07B
Total Debt	0	14.17B	12.92B	11.64B	9.63B	7.89B
Total Liabilities	-13.89B	18.67B	16.45B	15.00B	13.40B	11.58B
Stockholders Equity	13.89B	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

Technical Analysis SentimentNegative

Last Price192.22

Price Trends

50DMA219.14Negative

100DMA205.30Negative

200DMA196.54Positive

Market Momentum

MACD-5.41Negative

RSI40.84Neutral

STOCH84.76Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:SAPPHIRE, the sentiment is Negative. The current price of 192.22 is below the 20-day moving average (MA) of 201.63, below the 50-day MA of 219.14, and below the 200-day MA of 196.54, indicating a neutral trend. The MACD of -5.41 indicates Negative momentum. The RSI at 40.84 is Neutral, neither overbought nor oversold. The STOCH value of 84.76 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:SAPPHIRE.

Sapphire Foods India Ltd. Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

IN:SAPPHIRE against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IN:COFFEEDAY	75Outperform	INR 6.11B	3.51	―	―	4.53%	―
IN:SAPPHIRE	56Neutral	INR 63.89B	-1305.46	―	―	13.32%	-534.03%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
IN:WESTLIFE	54Neutral	INR 92.66B	4944.08	―	0.07%	9.87%	-94.82%
IN:JUBLFOOD	53Neutral	INR 276.67B	64.32	―	0.28%	16.26%	75.87%
IN:RBA	50Neutral	INR 62.40B	-29.58	―	―	15.57%	40.35%
IN:DEVYANI	44Neutral	INR 148.63B	-520.20	―	―	14.06%	82.15%

* General Sector Average

Performance Comparison

IN:SAPPHIRE and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
IN:SAPPHIRE	Sapphire Foods India Ltd.	192.40	-92.65	-32.50%
IN:COFFEEDAY	Coffee Day Enterprises Ltd	29.33	-11.25	-27.72%
IN:DEVYANI	Devyani International Ltd.	116.65	-43.05	-26.96%
IN:JUBLFOOD	Jubilant Foodworks Limited	424.70	-167.17	-28.24%
IN:RBA	Restaurant Brands Asia Limited	86.88	19.44	28.83%
IN:WESTLIFE	Westlife Foodworld Limited	612.60	28.26	4.84%

Sapphire Foods India Ltd. Corporate Events

ICRA Upgrades Credit Rating of Sapphire Foods India

Sep 30, 2026

Sapphire Foods India Ltd. has announced that ICRA Ltd., a prominent credit rating agency, has upgraded the ratings assigned to its debt instruments and banking facilities. The revised ratings reflect an improved assessment of the company’s cred...

Sapphire Foods faces GST show cause notice over INR 14 million ITC claim

Sep 27, 2026

Sapphire Foods India Ltd. has disclosed that it received a show cause notice from the Assistant Commissioner of State Tax in Vadodara, Gujarat, under Section 73 of the Gujarat GST Act 2017 for the period from April 2022 to March 2023. The notice foll...

Sapphire Foods Clears Merger Path With Devyani After Promoter Deal Termination

Aug 26, 2026

Sapphire Foods India Ltd. has updated the market on its proposed amalgamation with Devyani International Ltd., confirming that the previously agreed share purchase agreement between promoter Sapphire Foods Mauritius Ltd. and Arctic International Pvt....

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.

Date of analysis: Aug 08, 2026

Sapphire Foods India Ltd. AI Stock Analysis