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BSE: 543397 | NSE: SAPPHIRE | Consumer Food | Small Cap
Past 10 year's financial track record analysis by Moneyworks4me indicates that Sapphire Foods India Ltd is a average quality company.
The key valuation ratios of Sapphire Foods India Ltd's currently when compared to its past seem to suggest it is in the Fair zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Sapphire Foods India Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
| Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | -3.8% | -7.7% | -7.8% | 12.6% | 24.8% | 9.2% | - |
| Value Creation Index ⓘ | -1.3 | -1.6 | -1.6 | -0.1 | 0.8 | -0.3 | - |
Growth Parameters ⓘGrowth Parameters Colour Code Guide ⓘ | |||||||
| Sales ⓘ | 1,194 | 1,340 | 1,020 | 1,722 | 2,266 | 2,594 | 2,594 |
| Sales YoY Gr. | - | 12.3% | -23.9% | 68.8% | 31.6% | 14.5% | - |
| Adj EPS ⓘ | -16.1 | -18.5 | -18.5 | 7.4 | 36.6 | 8.1 | 8.3 |
| YoY Gr. | - | NA | NA | NA | 393.8% | -77.8% | - |
| BVPS (₹) ⓘ | 91.6 | 102.2 | 87.4 | 157.6 | 194.2 | 204.4 | 204.2 |
| Adj Net Profit ⓘ | -69.3 | -92.7 | -97.8 | 47.1 | 233 | 51.6 | 53 |
| Cash Flow from Ops. ⓘ | 150 | 213 | 154 | 395 | 382 | 449 | - |
| Debt/CF from Ops. ⓘ | 0.6 | 0.3 | 0.5 | 0.2 | 0.1 | 0.1 | - |
CAGR Colour Code Guide ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | NA | 16.8% | 36.5% | 14.5% | ||||
| Adj EPS ⓘ | NA | NA | NA | -77.8% | ||||
| BVPSⓘ | NA | 17.4% | 32.8% | 5.3% | ||||
| Share Price | - | - | - | 13.8% | ||||
Performance Ratio Colour Code Guide ⓘ
| Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | TTM | |
|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | -17.3 | -20 | -19.5 | 6.3 | 20.6 | 4 | 4.1 |
| Op. Profit Mgn % ⓘ | 12.3 | 13.9 | 12.3 | 17.8 | 19 | 17.8 | 17.8 |
| Net Profit Mgn % ⓘ | -5.8 | -6.9 | -9.7 | 2.7 | 10.3 | 2 | 2 |
| Debt to Equity ⓘ | 0.2 | 0.1 | 0.2 | 0.1 | 0 | 0 | 0 |
| Working Cap Days ⓘ | 0 | 41 | 54 | 52 | 54 | 46 | 29 |
| Cash Conv. Cycle ⓘ | 0 | -22 | -31 | -28 | -24 | -19 | -7 |
Sales growth is growing at healthy rate in last 3 years 36.52%
Sales growth is good in last 4 quarters at 14.59%
Return on Equity has declined versus last 3 years average to 4.10%
Net Profit has been subdued in last 3 years 0.00%
| Standalone | Consolidated | |
|---|---|---|
| TTM EPS (₹) | 8 | 8.3 |
| TTM Sales (₹ Cr.) | 2,236 | 2,594 |
| BVPS (₹.) ⓘ | 187 | 204.2 |
| Reserves (₹ Cr.) ⓘ | 1,128 | 1,238 |
| P/BV ⓘ | 8.33 | 7.62 |
| PE ⓘ | 195.51 | 187.95 |
| From the Market | |
|---|---|
| 52 Week Low / High (₹) | 1218.50 / 1878.00 |
| All Time Low / High (₹) | 910.00 / 1878.00 |
| Market Cap (₹ Cr.) | 9,926 |
| Equity (₹ Cr.) | 63.8 |
| Face Value (₹) | 10 |
| Industry PE ⓘ | 72.8 |
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| PARTICULARS | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|
| Sales | 1,194 | 1,340 | 1,020 | 1,722 | 2,266 | 2,594 |
| Operating Expenses ⓘ | 1,048 | 1,155 | 895 | 1,417 | 1,837 | 2,133 |
| Manufacturing Costs | 194 | 213 | 158 | 222 | 332 | 414 |
| Material Costs | 395 | 432 | 310 | 528 | 741 | 811 |
| Employee Cost | 206 | 229 | 196 | 274 | 293 | 346 |
| Other Costs ⓘ | 253 | 281 | 232 | 393 | 472 | 563 |
| Operating Profit ⓘ | 146 | 186 | 124 | 305 | 428 | 461 |
| Operating Profit Margin (%) | 12.2% | 13.8% | 12.2% | 17.7% | 18.9% | 17.8% |
| Other Income ⓘ | 12 | 11 | 62 | 38 | 31 | 33 |
| Interest ⓘ | 72 | 72 | 76 | 78 | 87 | 101 |
| Depreciation ⓘ | 155 | 191 | 209 | 214 | 264 | 324 |
| Exceptional Items ⓘ | 0 | -94 | 0 | 0 | 0 | 0 |
| Profit Before Tax ⓘ | -68 | -161 | -99 | 51 | 108 | 70 |
| Tax ⓘ | 1 | -2 | 1 | 5 | -125 | 18 |
| Profit After Tax | -69 | -159 | -100 | 46 | 233 | 52 |
| PAT Margin (%) | -5.8% | -11.9% | -9.8% | 2.7% | 10.3% | 2.0% |
| Adjusted EPS (₹) | -16.1 | -31.7 | -18.7 | 7.3 | 36.7 | 8.3 |
| Dividend Payout Ratio (%) | 0% | 0% | 0% | 0% | 0% | 0% |
| PARTICULARS | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | ||||
|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | ||||||||||
| Shareholders Fund | 395 | 513 | 461 | 1,002 | 1,234 | 1,302 | ||||
| Share Capital ⓘ | 43 | 50 | 53 | 64 | 64 | 64 | ||||
| Reserves ⓘ | 352 | 463 | 408 | 938 | 1,170 | 1,238 | ||||
| Minority Interest | 1 | 0 | -1 | -2 | -2 | 1 | ||||
| Debt | 85 | 59 | 52 | 43 | 24 | 20 | ||||
| Long Term Debt | 65 | 54 | 49 | 42 | 21 | 13 | ||||
| Short Term Debt | 20 | 5 | 3 | 1 | 3 | 7 | ||||
| Trade Payables | 114 | 131 | 144 | 199 | 217 | 231 | ||||
| Others Liabilities ⓘ | 972 | 677 | 693 | 922 | 1,000 | 1,174 | ||||
| Total Liabilities ⓘ | 1,567 | 1,381 | 1,349 | 2,164 | 2,472 | 2,727 | ||||
Fixed Assets | ||||||||||
| Gross Block | 1,486 | 1,621 | 1,544 | 2,031 | 2,427 | 3,036 | ||||
| Accumulated Depreciation | 281 | 368 | 353 | 626 | 638 | 858 | ||||
| Net Fixed Assetsⓘ | 1,205 | 1,253 | 1,191 | 1,404 | 1,789 | 2,178 | ||||
| CWIP ⓘ | 21 | 21 | 30 | 33 | 56 | 68 | ||||
| Investmentsⓘ | 0 | 16 | 27 | 153 | 66 | 0 | ||||
| Inventories | 38 | 44 | 47 | 65 | 99 | 97 | ||||
| Trade Receivables | 22 | 5 | 8 | 14 | 18 | 34 | ||||
| Cash Equivalents | 186 | 39 | 50 | 255 | 220 | 168 | ||||
| Others Assetsⓘ | 94 | 3 | -4 | 241 | 223 | 183 | ||||
| Total Assets ⓘ | 1,567 | 1,381 | 1,349 | 2,164 | 2,472 | 2,727 | ||||
| PARTICULARS | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 |
|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ | 150 | 213 | 154 | 395 | 382 | 449 |
| PBT ⓘ | -68 | -161 | -99 | 51 | 108 | 70 |
| Adjustment ⓘ | 227 | 359 | 241 | 293 | 343 | 413 |
| Changes in Working Capital ⓘ | -5 | 18 | 15 | 59 | -67 | -32 |
| Tax Paid ⓘ | -4 | -3 | -3 | -9 | -2 | -2 |
| Cash Flow From Investing Activity ⓘ | -335 | -2 | -78 | -692 | -204 | -187 |
| Capex | -174 | -142 | -73 | -284 | -382 | -385 |
| Net Investments | -163 | 131 | -5 | -408 | 166 | 183 |
| Others ⓘ | 2 | 8 | 1 | 1 | 13 | 15 |
| Cash Flow From Financing Activityⓘ | 177 | -208 | -52 | 313 | -195 | -212 |
| Net Proceeds from Shares ⓘ | 0 | 0 | 44 | 469 | 0 | 8 |
| Net Proceeds from Borrowing ⓘ | 72 | -10 | 7 | -12 | -19 | -21 |
| Interest Paid ⓘ | -71 | -70 | -76 | -78 | -86 | -100 |
| Dividend Paid ⓘ | 0 | 0 | 0 | 0 | 0 | 0 |
| Others ⓘ | 176 | -129 | -27 | -66 | -89 | -99 |
| Net Cash Flow ⓘ | -8 | 3 | 25 | 16 | -17 | 49 |
| PARTICULARS | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | ||||
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | -17.58 | -35.07 | -20.5 | 6.29 | 20.86 | 4.1 | ||||
| ROCE (%) | 0.74 | -16.24 | -4.02 | 15.95 | 16.49 | 12.81 | ||||
| Asset Turnover Ratio | 0.76 | 0.91 | 0.75 | 0.98 | 0.98 | 1 | ||||
| PAT to CFO Conversion(x) | N/A | N/A | N/A | 8.59 | 1.64 | 8.63 | Working Capital Days | |||
| Receivable Days | 7 | 4 | 2 | 2 | 3 | 4 | ||||
| Inventory Days | 12 | 11 | 16 | 12 | 13 | 14 | ||||
| Payable Days | 106 | 104 | 162 | 119 | 103 | 101 | ||||
Sapphire Foods India is one of YUM’s franchisee operators in the Indian subcontinent. It is also Sri Lanka’s largest international QSR chain, in terms of revenue for the financial year 2021 and number of restaurants operated as of March 31, 2021 (with 68 restaurants representing 39% of the total number of outlets in the market). It has also established a presence in the Maldives. As of June 30, 2021, it owned and operated 209 KFC restaurants in India and the Maldives, 239 Pizza Hut restaurants in India, Sri Lanka and the Maldives, and two Taco Bell restaurants in Sri Lanka. The company aspires to be India’s best restaurant operator by serving customers great food with great experience at great value. It operates its restaurants in high traffic and high visibility locations in key metropolitan areas and cities across India and develops new restaurants in new cities as part of its brand and food category expansion.
The company has an in-house supply chain function, and it work with its vendor partners for food ingredients, packaging, warehousing and logistics with the goal of providing its restaurants with the optimum level of inventory at the highest level of quality in a standardized and cost efficient manner. It operate warehouses across five cities in India to service its restaurants in India, and has invested in building technology solutions including a restaurant-level SAP enterprise resource planning (ERP) system and POS software solutions in its restaurants. It has also adopted YUM’s global online and digital channel solutions to enhance customer experience in both its physical and digital restaurants and achieve operating efficiency and financial controls within its organization. Its operational excellence in areas such as hygiene and food safety have allowed it to respond to the serious disruptions it faced during the COVID-19 pandemic.
Business area of the company
The company is one of the largest restaurant operators in the Indian subcontinent.
Awards and accreditations
Major events and milestones
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
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