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Sapphire Foods

BSell / Avoid
SAPPHIRE · NSE · Small Cap · QSR / Casual Dining
QSR / Casual Dining
Fetching live…
295
1D -0.5%1M -3.0%1Y -25%
Fundamental (RQ-100)
58
Technical (TQ-100)
36
Valuation
39
Market cap
₹9.5K Cr
Live decision ratingBSell / Avoid
Fundamental score breakdown
58/100
Growth Quality
11.4 / 20
Rev 1Y 6.0%, 3Y CAGR 14.0%, 5Y CAGR 12.0%
Margin & Profitability
7.1 / 15
EBITDA 18.0%, PAT 1.0%
Return on Capital
4.4 / 20
ROCE 8.0%, ROE 2.0%
Cash Flow Quality
13.0 / 15
OCF/EBITDA 0.85
Leverage
6.0 / 10
ND/EBITDA 1.20
Reinvestment
7.0 / 8
Capex/Sales 6.0%
Accounting
5.0 / 7
Governance
4.0 / 5
Technical score breakdown
36/100
Trend Structure
8.0 / 20
↓ 200 · ↓ 50 · ↓ 20
Momentum
3.0 / 15
1Y -25.0%, 1M -3.0%
Volume Dynamics
8.0 / 15
Vol30 —%
Relative Strength
2.0 / 15
1Y -25.0%
MA Cluster
5.0 / 10
Extension
5.0 / 10
—% from 50DMA
Volatility
4.0 / 8
Price Action
1.0 / 7
-100.0% from 52W H

Business

What this company actually does

KFC + Pizza Hut franchise (India + SL).

Stores
870
Dark stores
Cities
Listed status
Listed

Format exposure

How direct is this play?

Primary formatQSR / Casual Dining
Exposure typeDominant
Revenue visibilityHigh
Operating leverage stageScaling
Policy beneficiaryNone
Data confidenceMedium

Financial snapshot

Live · green dot = live, falls back to curated

Revenue
₹2.7K Cr
Rev 1Y growth
6%
Rev 3Y CAGR
14%
EBITDA margin
18.0%
PAT margin
1.0%
ROE
2%
ROCE
8%
OCF/EBITDA
0.85
Net Debt/EBITDA
1.2

Financial statements

Multi-year P&L, balance sheet, cash flow — scraped live from Screener.in

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Valuation

Live multiples + retail-specific (curated)

P/E
480
Forward P/E
408
EV/EBITDA
24
EV/Sales
3.5
P/B
6.0
FCF Yield
2.5%

Trading below 25× EV/EBITDA — relatively reasonable for this segment.

Retail KPIs

The unit-economics that define the format

SSSG
-3.0%

Investment thesis

AI-generated · always cite sources before acting

Bull
Long-runway TAM with structural tailwinds.
Base
Earnings growth of ~15% over the next 3 years assuming margins hold. Multiple compression risk if growth slows; multiple expansion possible if QSR / Casual Dining GMV outperforms.
Bear
Capital efficiency below cost of capital. Format-level risk: regulation, gig-cess, or competitive pressure compress contribution margin.
Variant perception
Consensus views Sapphire Foods as a challenged player. Our differentiated take: the current multiple already prices in mid-cycle outcomes.
Key monitorables
  • Quarterly contribution margin trajectory
  • SSSG vs guidance
  • Capex vs store/dark-store adds
  • Promoter holding and ESOP dilution