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Sapphire Foods India Limited (SAPPHIRE) Fair Value & Analysis

Consumer Cyclical · IN · Market cap ₹59.9B

SF Sapphire Foods India Limited SAPPHIRE · NSE
Price₹234.68
Fair Value₹230.53
Upside-1.8%
Quality49/100
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Mixed Growth
Loss-making · -1.0% net margin
Low debt · generates free cash flow
Mixed vs. peers (6/11)
Narrow moat 14/100
Evidence: Medium Range ₹130.37 – ₹230.53 Share as image

Fair value as of: Aug 13, 2026

From 14 valuation models · updated 4 days ago

Fair value updated Aug 13, 2026, revised from ₹128.07 to ₹230.53 (+80.0%) since Aug 8, 2026. Share price +28.9% over the past month.

Below-average quality, currently priced close to our fair value.

What matters now

  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
  • Our model range runs from ₹130.37 (bear) to ₹230.53 (bull), base ₹230.53. The closer the price sits to the lower half, the larger the margin of safety.
  • Quality 49/100 (below-average quality) with medium evidence: read the verdict with care.
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Price vs Fair Value (5 years)

₹381.60 ₹150.42 Fair Value ₹230.53 Nov 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

57‑month range ₹150.42 – ₹381.60 · fair‑value band ₹130.37 – ₹230.53 · the ₹234.68 price screens above the ₹230.53 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Sapphire Foods India Limited (SAPPHIRE) currently trades at ₹234.68, while our model-based Fair Value estimate is ₹230.53, implying the stock looks roughly 1.8% fairly valued today. The Quality Score stands at 49/100 (below-average quality), in the Consumer Cyclical sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: medium).

Over the trailing twelve months, Sapphire Foods India Limited generated revenue of ₹31.3B at a net margin of -1.0%. Revenue grew 11.4% year over year. It earns a return on equity of -2.3%. Net debt stands at ₹13.5B. Fundamentals as of Aug 13, 2026

Our scenario range runs from ₹130.37 (bear case) to ₹230.53 (bull case); at ₹234.68, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 36% below its 52-week high and 68% above its 52-week low, currently above its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at -51% fair-value upside, at -2%, SAPPHIRE screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Growth DCF ₹81.37 ₹150.51 ₹274.23 80
Rev-Margin DCF ₹43.05 ₹67.76 ₹101.58 74
ROIC Compounder ₹23.85 ₹27.47 ₹30.64 72
All 14 models by family
DCF Models
FCF DCF ₹83.15 ₹156.51 ₹310.61 38
Owner Earnings ₹19.65 ₹36.77 ₹68.84 31
5Y Revenue Exit ₹43.05 ₹67.76 ₹100.57 39
5Y EBITDA Exit ₹113.78 ₹221.78 ₹364.10 41
10Y Revenue Exit ₹54.56 ₹83.66 ₹127.86 36
10Y EBITDA Exit ₹103.40 ₹200.15 ₹360.66 37
Earnings-Based
EPV ₹23.85 ₹27.47 ₹30.64 59
Multiples
EV/EBIT ₹36.34 ₹47.75 ₹59.15 53
EV/EBITDA ₹134.75 ₹178.96 ₹223.17 54
EV/Revenue ₹25.19 ₹35.07 ₹44.96 43
Asset-Based
NCAV (Graham) ₹21.63 ₹28.99 ₹43.27 50
Growth DCF
Growth DCF ₹81.37 ₹150.51 ₹274.23 80
Rev-Margin DCF ₹43.05 ₹67.76 ₹101.58 74
Economic Profit
ROIC Compounder ₹23.85 ₹27.47 ₹30.64 72

Widest divergence: DCF Models (₹83.66) versus Earnings-Based (₹27.47). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) ₹31.3B
Revenue growth (YoY) +11.4%
Net margin -1.0%
Return on equity -2.3%
Free cash flow ₹1.9B FY2026
Operating margin 3.0%
More key figures
EPS (TTM) ₹-1.00
EPS growth (YoY) -35.7%
Net debt ₹13.5B FY2026

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 49/100

Of which business quality 50 · Market factors (momentum, volatility) 46

Profitability 35
Margins and returns on capital today
Quality Growth 54
Are margins and returns improving?
Cashflow 34
Earnings quality: real cash, not paper profit
Fin. Strength 52
Balance sheet, leverage, solvency risk
Investment 66
Disciplined investing over empire-building
Low Volatility 67
Calm price path (market factor)
Momentum 45
Price trend over the last 3–12 months (market factor)
52W Momentum 23
Distance to the 52-week high (market factor)
Net Issuance 76
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Sapphire Foods India Limited owns and operates restaurants. The company engages in the franchisee business of KFC, Pizza Hut, and Taco Bell restaurants in India, Sri Lanka, and Maldives. Sapphire Foods India Limited was incorporated in 2009 and is based in Mumbai, India.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Sapphire Foods India Limited reported revenue of ₹31.3B in FY2026 versus ₹17.2B in FY2022, a compound +16.2%/yr. Reported net income was −₹319M in FY2026.

Growth Quality 62/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2026)
₹31.3B
Latest YoY
+8.4%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+11.3%
Avg. growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+25.2%
Avg. growth/yr (8Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+15.9%
Revenue +16.2%/yr
FY22 ₹17.2B
FY23 ₹22.7B
FY24 ₹25.9B
FY25 ₹28.8B
FY26 ₹31.3B
Net income
FY22 ₹465M
FY23 ₹2.3B
FY24 ₹528M
FY25 ₹193M
FY26 −₹319M

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Cite: Fair Value Calculator (2026). "Sapphire Foods India Limited Fair Value". https://www.fairvalue-calculator.com/stock/SAPPHIRE

Peer Group

Restaurants · 228 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 49 · Below median
Fair Value upside −2% · Above median
Return on assets 2% · Below median
Net margin (TTM) -1% · Below median
Operating margin (TTM) 3% · Below median
Revenue growth 11% · Above median

Valuation Multiples vs Restaurants median · lower = cheaper

P/B 0.05× · Cheaper than 75% of peers
P/S (TTM) 0.02× · Cheaper than 75% of peers
P/FCF 0.3× · Cheaper than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 31 · sector 20
FUTURE 57 · sector 19
PAST 0 · sector 14
HEALTH 100 · sector 97
DIVIDEND 0 · sector 71

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Restaurants stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
McDonald's Corporation MCDS C$24.01 C$10.84 -55%
Starbucks Corporation SBUX $108.49 $35.83 -67%
Chipotle Mexican Grill, Inc CMG $32.00 $17.92 -44%
Yum! Brands, Inc YUM $150.34 $58.17 -61%
Restaurant Brands International Inc QSR C$104.50 C$36.37 -65%
Darden Restaurants, Inc DRI $218.90 $173.68 -21%
Yum China Holdings YUMC $47.90 $54.27 +13%
Texas Roadhouse, Inc TXRH $214.28 $104.89 -51%
Dutch Bros Inc BROS $51.02 $12.80 -75%
Domino's Pizza, Inc DPZ $353.72 $227.31 -36%

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Frequently asked questions

Is Sapphire Foods India Limited (SAPPHIRE) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of ₹230.53 versus a price of ₹234.68, about −2% (fairly valued).
What is the fair value of SAPPHIRE?
Our model-based fair value for Sapphire Foods India Limited is ₹230.53 (as of Aug 13, 2026), built from audited fundamentals. The current price is ₹234.68.
What is the quality score of SAPPHIRE?
Sapphire Foods India Limited has a Quality Score of 49/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Sapphire Foods India Limited (SAPPHIRE)?
Sapphire Foods India Limited reported trailing-twelve-month revenue of about ₹31.3B (latest available figure, as of Aug 13, 2026).
What is the net profit margin of SAPPHIRE?
The net profit margin of Sapphire Foods India Limited is about -1.0%, meaning it is currently running at a net loss. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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