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Sapphire Foods IndiaSAPPHIRE.NSCompetitor analysis, valuation and peers

India · INR·Consumer & Retail›Restaurants
Momentum strong 74
Mkt cap
$715M
US dollars, full cap
Free float
74%
of shares outstanding
$/day
$1.23M
20-day average traded
Fwd P/E
409.8×
forward earnings
ROIC−WACC
-11.3 pp
WACC 14.7%
Hurdle
+22 pp
Req g minus delivered
Next earnings
100 days
14 Feb 2027
Close · INR₹210.06
1D0.0%
1W+5.5%
1M-2.3%
3M+5.2%
6M+11.7%
YTD-18.3%
1Y-30.3%
ATR %4.3%
Beta1.20
52w lowhigh31.0% off high

What Sapphire Foods India does

Employees: 13,819

Sapphire Foods India at a glance

Size Sapphire Foods India (SAPPHIRE.NS) is an India Consumer Discretionary company (Restaurants) with a market value of $715M, the 708th largest of 1,058 India companies the cockpit tracks. Shares closed at ₹210.06 on 6 Nov 2026.

Performance Over six months the shares gained 11.7%, against +6.5% for the median peer and 0.0% for the India market (cap-weighted) — 8th highest of 21 in its peer set.

Growth Revenue grew 13.3% over the last twelve months (peer median +8.2%); the operating margin is 3.6% (peer median 6.9%).

Valuation It trades at 409.8× forward earnings against a peer median of 19.2× (most expensive of 18).

Price implies For today's price to make sense, revenue must grow about 47% a year for seven years (Req g). Recent delivered growth is +25%, so the hurdle is +22 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.

Capital Return on invested capital runs 11.3 points below its cost of capital (14.7% WACC).

Next results Next results expected around 14 Feb 2027 (exchange calendar; dates can move).

Relative performance

10012011 May 202611 Aug 20266 Nov 2026SAPPHIRE.NS 114Peer median 108
Six months, rebased to 100: Sapphire Foods India against the median of its 20 peers (local-currency closes).

Sapphire Foods India financials

Reported figures in INR; fiscal year ends 2026-03-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue₹33.9B₹31.3B₹28.8B₹25.9B₹22.7B
Revenue growth—+8%+11%+15%—
Gross profit₹14.7B₹10.5B₹9.89B₹9.05B₹9.33B
EBITDA₹5.25B₹4.75B₹4.79B₹4.62B₹4.30B
Net income-₹48.5M-₹320M₹193M₹528M₹2.33B
Free cash flown/a₹1.90B₹2.51B₹742M₹40.6M
Capital expendituren/a₹3.20B₹2.65B₹3.85B₹3.84B
Total debt₹15.2B₹14.2B₹12.9B₹11.6B₹9.63B

Quarterly statements and history in the cockpit →

Sapphire Foods India competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

-40%-20%0%+20%+40%-10%0%+10%+20%3399CNNE98877611CKFRBA2589PZZAFWRGAW9658BLMN81532695MTY35438179FSTA30912727SAPPHIRE.NS6-month return →1-month return →
Up and to the right = strong over both horizons. Sapphire Foods India is the large dot.

Fundamentals: revenue growth against valuation

0%+10%+20%+30%0×200×400×33997611CKF2589PZZAFWRGAW9658BLMN81532695SAPPHIRE.NSRevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Sapphire Foods India is the large dot.

Capital: growth delivered against growth the price implies

0%+20%+40%0%20%40%33997611CKF2589PZZAAW9658BLMN8153269535438179FSTA2727SAPPHIRE.NSGrowth delivered (Del g) →Growth the price implies (Req g, 7 yrs) →
Above the diagonal = the price needs more growth than the company has been delivering; below = the price already allows for a slowdown. Sapphire Foods India is the large dot.

Sapphire Foods India competitors and peer comparison

How Sapphire Foods India compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Sapphire Foods India against its 20 peers (data as of 6 Nov 2026)
MeasureSAPPHIRE.NSPeer medianRank in peer set
1-month return-2.3%+9.0%5th lowest of 21
6-month return+11.7%+6.5%8th highest of 21
Distance from 52-week high-31.0%-13.1%5th lowest of 21
Revenue growth (TTM)+13.3%+8.2%7th highest of 21
Operating margin3.6%6.9%6th lowest of 21
Forward P/E409.8×19.2×most expensive of 18
Growth the price implies (Req g, 7 yrs)46.7%1.9%most demanding of 17
Growth delivered (Del g)+25.1%+13.5%3rd highest of 17
Hurdle (Req g minus delivered)+21.6 pp-12.8 ppmost demanding of 17
ROIC minus cost of capital-11.3 pp+1.1 pp2nd lowest of 20
EV / EBITDA15.3×10.3×6th most expensive of 20
Net debt / EBITDA2.5×2.0×10th most indebted of 20

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginForward P/EReq gDelivered g
Sapphire Foods India SAPPHIRE.NSIndia$715M+12%+13%4%409.8×46.7%+25.1%
Maruchiyo Yamaokaya 3399.TJapan$710M+82%+19%11%28.4×3.5%+24.7%
Cannae CNNEUnited States$700M+25%-7%-17%n/an/an/a
Matsuya Foods 9887.TJapan$733M+7%+18%4%n/an/an/a
Hiday Hidaka 7611.TJapan$760M+11%+10%11%23.5×-3.3%+16.1%
Collins Foods CKF.AXAustralia$762M+15%+5%8%16.3×1.4%+8.4%
Restaurant Brands Asia RBA.NSIndia$668M+31%+16%0%n/an/an/a
Auntea Jenny (Shanghai) Industrial 2589.HKHong Kong$784M-61%+36%15%8.5×-7.1%+23.7%
Papa John's International PZZAUnited States$650M-37%-6%5%19.7×4.8%+2.5%
First Watch Restaurant FWRGUnited States$794M+6%+16%3%53.3×n/an/a
A&W Food Services of Canada AW.TOCanada$625M0%+3%30%14.0×2.6%-0.6%
Super Hi International 9658.HKHong Kong$619M-23%+11%6%18.1×-1.7%+30.7%
Bloomin' Brands BLMNUnited States$835M+23%-2%3%10.5×10.6%+4.5%
Mos Food Services 8153.TJapan$845M+10%+6%5%30.3×2.2%+7.4%
Kura Sushi 2695.TJapan$848M-2%+4%1%48.1×21.5%+12.5%
MTY Food MTY.TOCanada$600M-6%-4%16%8.2×-3.8%+18.4%
KOMEDA 3543.TJapan$859M-4%+13%17%19.2×-0.7%+14.7%
Royal 8179.TJapan$887M+5%+7%5%24.6×5.7%+14.4%
Fuller, Smith & Turner P.L.C FSTA.LUnited Kingdom$576M+29%+6%12%15.9×8.0%+40.3%
Bronco Billy 3091.TJapan$551M+41%+14%12%32.1×1.5%+11.8%
Wowprime 2727.TWTaiwan$550M-1%+10%8%12.2×-11.9%+9.0%

Questions

Which companies are Sapphire Foods India's closest peers?
The cockpit's peer set: Maruchiyo Yamaokaya (3399.T), Cannae (CNNE), Matsuya Foods (9887.T), Hiday Hidaka (7611.T), Collins Foods (CKF.AX), Restaurant Brands Asia (RBA.NS), Auntea Jenny (Shanghai) Industrial (2589.HK), Papa John's International (PZZA).
Is Sapphire Foods India expensive compared with its peers?
On forward p/e it trades at 409.8× against a peer median of 19.2×, most expensive of 18 in its peer set. For today's price to make sense, revenue must grow about 47% a year for seven years (Req g). Recent delivered growth is +25%, so the hurdle is +22 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
How has Sapphire Foods India stock performed?
Over six months to 6 Nov 2026 the shares returned +11.7% against +6.5% for the median peer; over one year -30.3%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.