Sapphire Foods India Limited

NSEI:SAPPHIRE Stock Report

Market Cap: ₹76.5b

Sapphire Foods India Valuation

Is SAPPHIRE undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

4/6

Valuation Score 4/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of SAPPHIRE when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: SAPPHIRE (₹238.06) is trading above our estimate of fair value (₹135.17)

Significantly Below Fair Value: SAPPHIRE is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for SAPPHIRE?

Key metric: As SAPPHIRE is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for SAPPHIRE. This is calculated by dividing SAPPHIRE's market cap by their current revenue.
What is SAPPHIRE's PS Ratio?
PS Ratio2.6x
Sales₹29.87b
Market Cap₹76.51b

Price to Sales Ratio vs Peers

How does SAPPHIRE's PS Ratio compare to its peers?

The above table shows the PS ratio for SAPPHIRE vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average4.8x
505533 Westlife Foodworld
3.4x12.16%₹85.7b
RBA Restaurant Brands Asia
1.5x14.33%₹39.5b
TRAVELFOOD Travel Food Services
11.2x11.74%₹169.4b
DEVYANI Devyani International
3.2x12.26%₹165.6b
SAPPHIRE Sapphire Foods India
2.6x12.62%₹76.5b

Price-To-Sales vs Peers: SAPPHIRE is good value based on its Price-To-Sales Ratio (2.6x) compared to the peer average (4.8x).

Price to Sales Ratio vs Industry

How does SAPPHIRE's PS Ratio compare vs other companies in the IN Hospitality Industry?

11 CompaniesPrice / SalesEstimated GrowthMarket Cap
500413 Thomas Cook (India)
0.8x13.37%US$714.39m
UFBL United Foodbrands
0.6x7.97%US$78.66m
COFFEEDAY Coffee Day Enterprises
0.6xn/aUS$75.98m
APOLSINHOT Apollo Sindoori Hotels
0.5xn/aUS$34.24m
SAPPHIRE 2.6xIndustry Avg. 3.6xNo. of Companies15PS03.26.49.612.816+
11 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: SAPPHIRE is good value based on its Price-To-Sales Ratio (2.6x) compared to the Indian Hospitality industry average (3.6x).

Price to Sales Ratio vs Fair Ratio

What is SAPPHIRE's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

SAPPHIRE PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio2.6x
Fair PS Ratio3.5x

Price-To-Sales vs Fair Ratio: SAPPHIRE is good value based on its Price-To-Sales Ratio (2.6x) compared to the estimated Fair Price-To-Sales Ratio (3.5x).

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst SAPPHIRE forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current₹238.06
₹330.00
+38.62%
7.53%₹370.00₹284.00n/a23
Dec ’26₹246.44
₹330.00
+33.91%
7.53%₹370.00₹284.00n/a23
Nov ’26₹286.05
₹330.00
+15.36%
7.53%₹370.00₹284.00n/a23
Oct ’26₹296.40
₹354.59
+19.63%
6.87%₹400.00₹309.00n/a22
Sep ’26₹325.50
₹357.26
+9.76%
7.23%₹406.00₹309.00n/a23
Aug ’26₹319.65
₹357.48
+11.83%
7.23%₹406.00₹309.00n/a23
Jul ’26₹327.10
₹351.30
+7.40%
8.02%₹406.00₹290.00n/a23
Jun ’26₹318.10
₹350.65
+10.23%
8.25%₹406.00₹290.00n/a23
May ’26₹316.50
₹367.09
+15.98%
9.80%₹425.00₹290.00n/a23
Apr ’26₹293.55
₹370.09
+26.07%
9.05%₹425.00₹320.00n/a23
Mar ’26₹310.25
₹370.30
+19.36%
8.81%₹423.00₹320.00n/a23
Feb ’26₹315.75
₹370.65
+17.39%
9.35%₹420.00₹310.00n/a23
Jan ’26₹345.65
₹366.82
+6.12%
8.80%₹416.00₹310.00n/a22
Dec ’25₹326.20
₹366.82
+12.45%
8.80%₹416.00₹310.00₹246.4422
Nov ’25₹324.90
₹366.82
+12.90%
8.76%₹416.00₹310.00₹286.0522
Oct ’25₹358.50
₹355.65
-0.80%
6.04%₹394.40₹308.40₹296.4021
Sep ’25₹333.53
₹354.34
+6.24%
6.16%₹394.40₹308.40₹325.5022
Aug ’25₹339.09
₹354.35
+4.50%
6.17%₹394.40₹308.40₹319.6521
Jul ’25₹314.22
₹333.83
+6.24%
7.58%₹393.20₹270.60₹327.1020
Jun ’25₹290.29
₹330.55
+13.87%
7.01%₹362.40₹270.60₹318.1020
May ’25₹284.56
₹327.74
+15.17%
12.92%₹385.00₹220.00₹316.5019
Apr ’25₹319.96
₹315.83
-1.29%
12.08%₹380.00₹220.00₹293.5518
Mar ’25₹300.41
₹313.24
+4.27%
12.03%₹380.00₹220.00₹310.2517
Feb ’25₹288.36
₹324.15
+12.41%
8.48%₹370.00₹246.60₹315.7515
Jan ’25₹281.85
₹320.80
+13.82%
8.19%₹360.00₹246.60₹345.6515
Dec ’24₹283.07
₹315.07
+11.30%
8.81%₹360.00₹246.60₹326.2015
₹330
Fair Value
27.9% undervalued intrinsic discount
23
Number of Analysts

Analyst Forecast: Target price is more than 20% higher than the current share price and analysts are within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/12/13 03:56
End of Day Share Price 2025/12/12 00:00
Earnings2025/09/30
Annual Earnings2025/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Sapphire Foods India Limited is covered by 38 analysts. 22 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Nitin BhasinAmbit Capital
Nihal JhamAmbit Capital
Videesha ShethAmbit Capital