ICRA Limited · Sapphire Foods India Limited: Ratings placed on watch with developing implicationsICRA Limited · PDF preserved by IndiaTicker
Archived PDF Company dossier
Sapphire Foods
NSE:SAPPHIRE · ISIN INE806T01020
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- ₹193.67 29 Jul 2026
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Sapphire Foods
Ratings & risks
Credit signals
Agency evidenceRating-action history
ICRA Limited · Sapphire Foods India Limited: Ratings reaffirmedICRA Limited · PDF preserved by IndiaTicker
Archived PDF ICRA Limited · Sapphire Foods India Limited: Change in limitsICRA Limited · discovered
Agency source ICRA Limited · Sapphire Foods India Limited: Ratings reaffirmedICRA Limited · discovered
Agency source ICRA Limited · Sapphire Foods India Limited: Ratings ReaffirmedICRA Limited · discovered
Agency source ICRA Limited · Sapphire Foods India Limited: Ratings upgraded, outlook revised to StableICRA Limited · discovered
Agency source ICRA Limited · Sapphire Foods India Limited: Ratings upgraded and outlook revised to Positive from StableICRA Limited · discovered
Agency source ICRA Limited · Sapphire Foods India Private Limited: Issuer rating withdrawnICRA Limited · discovered
Agency source ICRA Limited · Sapphire Foods India Private Limited: Ratings reaffirmed and Outlook revised to Stable; Issuer rating placed on notice of withdrawalICRA Limited · discovered
Agency source ICRA Limited · Sapphire Foods India Private Limited: Long-term rating reaffirmed and outlook revised to Negative for Issuer Rating; Long-term and Short-term ratings assigned to the bank limitsICRA Limited · discovered
Agency source ICRA Limited · Sapphire Foods India Private Limited: [ICRA]BBB(Stable) assignedICRA Limited · discovered
Agency source Risk research framework
Analyst reviewQuestions to test against evidence
Operating deterioration
HighTrack sector-specific operating metrics and reconcile them across reporting periods.
Funding and liquidity
HighReview debt maturity, repricing, liquidity and rating commentary where relevant.
Execution versus guidance
MediumCompare management statements with subsequent reported delivery.
Governance and key-person change
MediumConnect management transitions, related parties and auditor observations.