Sapphire Foods India Ltd - Stock Valuation and Financial Performance

BSE: 543397 | NSE: SAPPHIRE | Consumer Food | Small Cap

Sapphire Foods India Share Price

1,565.75 50.35 3.32%
as on 12-Apr'24 16:59

DeciZen - make an informed investing decision on Sapphire Foods India

Overall Rating
Bole Toh

1. Quality

2. Valuation

Fair

3. Price Trend

Sapphire Foods India stock performance -

mw4me loader
P/E Ratio (CD):
53.62
Market Cap:
9,974.5 Cr.
52-wk low:
1,161.8
52-wk high:
1,700

Is Sapphire Foods India Ltd an attractive stock to invest in?

1. Is Sapphire Foods India Ltd a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Sapphire Foods India Ltd is a below average quality company.

2. Is Sapphire Foods India Ltd undervalued or overvalued?

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.

3. Is Sapphire Foods India Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of Sapphire Foods India Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing

10 Year X-Ray of Sapphire Foods India:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Sapphire Foods India Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % -3.8%-7.7%-7.8%12.6%24.8%-
Value Creation
Index
-1.3-1.6-1.6-0.10.8-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 1,1941,3401,0201,7222,2662,523
Sales YoY Gr.-12.3%-23.9%68.8%31.6%-
Adj EPS -16.1-18.5-18.57.436.629.2
YoY Gr.-NANANA393.8%-
BVPS (₹) 91.6102.287.4157.6194.2207.4
Adj Net
Profit
-69.3-92.7-97.847.1233186
Cash Flow from Ops. 150213154395382-
Debt/CF from Ops. 0.60.30.50.20.1-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales NANA19.1%31.6%
Adj EPS NANANA393.8%
BVPSNANA23.9%23.2%
Share Price - - - 31.3%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
-17.3-20-19.56.320.614.5
Op. Profit
Mgn %
12.313.912.317.81918.1
Net Profit
Mgn %
-5.8-6.9-9.72.710.37.4
Debt to
Equity
0.20.10.20.10-
Working Cap
Days
04154525436
Cash Conv.
Cycle
0-22-31-28-24-6

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 14.50%

Sales growth is growing at healthy rate in last 3 years 19.12%

Sales growth is good in last 4 quarters at 14.61%

Net Profit has been subdued in last 3 years 0.00%

Latest Financials - Sapphire Foods India Ltd.

Standalone Consolidated
TTM EPS (₹) 29.2 29.2
TTM Sales (₹ Cr.) 2,163 2,523
BVPS (₹.) 212.1 207.4
Reserves (₹ Cr.) 1,287 1,257
P/BV 7.38 7.55
PE 53.55 53.62
From the Market
52 Week Low / High (₹) 1161.80 / 1699.95
All Time Low / High (₹) 910.00 / 1699.95
Market Cap (₹ Cr.) 9,975
Equity (₹ Cr.) 63.7
Face Value (₹) 10
Industry PE 66.2

Management X-Ray of Sapphire Foods India:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Sapphire Foods India

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'19Mar'20Mar'21Mar'22Mar'23
Sales1,1941,3401,0201,7222,266
Operating Expenses 1,0481,1558951,4171,837
Manufacturing Costs194213158222332
Material Costs395432310528741
Employee Cost 206229196274293
Other Costs 253281232393472
Operating Profit 146186124305428
Operating Profit Margin (%) 12.2%13.8%12.2%17.7%18.9%
Other Income 1211623831
Interest 7272767887
Depreciation 155191209214264
Exceptional Items 0-94000
Profit Before Tax -68-161-9951108
Tax 1-215-125
Profit After Tax -69-159-10046233
PAT Margin (%) -5.8%-11.9%-9.8%2.7%10.3%
Adjusted EPS (₹)-16.1-31.7-18.77.336.7
Dividend Payout Ratio (%)0%0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 3955134611,0021,234
Share Capital 4350536464
Reserves 3524634089381,170
Minority Interest10-1-2-2
Debt8559524324
Long Term Debt6554494221
Short Term Debt205313
Trade Payables114131144199217
Others Liabilities 9726776939221,000
Total Liabilities 1,5671,3811,3492,1642,472

Fixed Assets

Gross Block1,4861,6211,5442,0312,670
Accumulated Depreciation281368353626867
Net Fixed Assets1,2051,2531,1911,4041,803
CWIP 2121303356
Investments 0162715366
Inventories3844476599
Trade Receivables22581418
Cash Equivalents 1863950255220
Others Assets943-4241209
Total Assets 1,5671,3811,3492,1642,472

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 150213154395382
PBT -68-161-9951108
Adjustment 227359241293342
Changes in Working Capital -5181559-67
Tax Paid -4-3-3-9-2
Cash Flow From Investing Activity -335-2-78-692-204
Capex -174-142-73-284-382
Net Investments -163131-5-408166
Others 281113
Cash Flow From Financing Activity 177-208-52313-195
Net Proceeds from Shares 00444690
Net Proceeds from Borrowing 72-107-12-19
Interest Paid -71-70-76-78-86
Dividend Paid 00000
Others 176-129-27-66-89
Net Cash Flow -832516-17
PARTICULARSMar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)-17.58-35.07-20.56.2920.86
ROCE (%)0.74-16.24-4.0215.9516.49
Asset Turnover Ratio0.760.910.750.980.98
PAT to CFO Conversion(x)N/AN/AN/A8.591.64
Working Capital Days
Receivable Days74223
Inventory Days1211161213
Payable Days106104162119103

Sapphire Foods India Ltd Stock News

Sapphire Foods India Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Sapphire Foods India on 12-Apr-2024 16:59 is ₹1,565.8.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 12-Apr-2024 16:59 the market cap of Sapphire Foods India stood at ₹9,974.5.
The latest P/E ratio of Sapphire Foods India as of 12-Apr-2024 16:59 is 53.55.
The latest P/B ratio of Sapphire Foods India as of 12-Apr-2024 16:59 is 7.38.
The 52-week high of Sapphire Foods India is ₹1,700 and the 52-week low is ₹1,161.8.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Sapphire Foods India is ₹2,163 ( Cr.) .

About Sapphire Foods India Ltd

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

  • 2021: National Best Employer Brands 2020 award presented by World HRD Congress.
  • 2021: Recognised as a ‘Best Workplaces for Women 2021’ by The Economic Times.
  • 2020: Ranked as No. 13 in the ‘Best Large Workplaces in Asia 2020’ category by Great Place to Work received by Gamma Pizzakraft Lanka (Private) Limited.
  • 2020: Recognised as a ‘Best Workplace in Sri Lanka 2020’ by Great Place to Work, received by Gamma Pizzakraft Lanka (Private) Limited.
  • 2020: Silver Award in the Large Enterprises Category in Sri Lanka in 2020 from Great Place to Work, received by Gamma Pizzakraft Lanka (Private) Limited.
  • 2020: Finalist in the Fan of the Pan Asia 2020 for the Pizza Hut Pan Challenge Championship 2020.
  • 2019: Awarded for best production, rider & manager under the H2OP challenge.
  • 2017: Winner of the H2OP challenge for having the best restaurant standard operating procedure among Yum franchisees in India during the said challenge.

Major events and milestones

  • 2021: Opened the 200th KFC store in India.
  • 2020: Opened the 150th Pizza Hut store in India.
  • 2020: The company achieved a revenue of Rs 10,000 million in India.
  • 2020: Gamma Pizzakraft Lanka (Private) achieved a revenue of Rs 5,000 million LKR in Sri Lanka.
  • 2019: Opened the 150th KFC store in India.
  • 2018: Opened the 50th Pizza Hut store in Sri Lanka.
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