Safari Industries (India) Ltd

Safari Inds. Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Safari Industries (India) Ltd

₹ 2,006 -0.67%
15 May 10:49 a.m.
safaribags.com BSE: 523025 NSE: SAFARI
About

Safari Industries is in the business of manufacturing and trading of luggage and luggage accessories. There are two broad categories of luggage i.e hard luggage and soft luggage. Hard luggages are mainly made of PolyPropylene (PP) and Polycarbonate (PC) and manufactured in-house by Safari at its Plant located at Halol, Gujarat. Soft luggages are made of fabrics of various kinds and are mainly imported.[1]

Key Points

Company Overview
Safari has been in the business since 1974 of manufacturing and trading of luggage and luggage accessories. There are two broad categories of luggage i.e. Hard luggage and soft luggage. [1]

Website BSE NSE
  • Market Cap ₹ 9,781 Cr.
  • Current Price ₹ 2,006
  • High / Low ₹ 2,315 / 1,208
  • Stock P/E 63.3
  • Book Value ₹ 163
  • Dividend Yield 0.09 %
  • ROCE 29.3 %
  • ROE 25.4 %
  • Face Value ₹ 2.00
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Pros

  • Company has delivered good profit growth of 41.5% CAGR over last 5 years
  • Debtor days have improved from 49.9 to 39.0 days.
  • Company's median sales growth is 27.8% of last 10 years

Cons

  • Stock is trading at 12.4 times its book value
  • Promoter holding has decreased over last quarter: -1.15%

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Plastic products Industry: Moulded Luggage

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
133 120 189 204 192 293 315 302 302 426 370 388 365
120 113 171 191 176 251 276 253 250 355 316 332 308
Operating Profit 13 7 18 13 16 42 39 49 52 71 54 56 57
OPM % 10% 6% 10% 6% 9% 14% 12% 16% 17% 17% 15% 14% 16%
0 2 2 2 -7 2 3 3 3 3 3 4 6
Interest 1 1 1 1 1 1 1 2 2 2 2 2 2
Depreciation 5 4 5 5 5 6 7 8 8 11 10 11 11
Profit before tax 8 3 14 9 3 36 33 42 46 61 45 47 51
Tax % 25% 27% 24% 24% 9% 24% 25% 25% 23% 25% 24% 25% 23%
6 3 11 7 3 27 25 32 35 46 34 36 39
EPS in Rs 1.40 0.57 2.39 1.60 0.57 6.12 5.26 6.66 7.39 9.68 7.17 7.49 7.97
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
92 161 211 269 342 417 573 681 328 705 1,211 1,549
88 154 198 251 318 375 520 610 333 649 1,029 1,311
Operating Profit 4 7 12 19 24 42 52 71 -6 56 181 238
OPM % 5% 4% 6% 7% 7% 10% 9% 10% -2% 8% 15% 15%
-1 0 -1 1 0 1 1 1 3 -2 11 16
Interest 4 6 3 3 4 3 4 10 6 5 6 7
Depreciation 0 1 3 4 5 6 8 22 20 19 29 43
Profit before tax -1 1 6 12 15 33 41 40 -29 30 157 204
Tax % 46% 78% 27% 35% 34% 36% 34% 24% 28% 23% 24% 24%
-1 0 4 8 10 21 27 31 -21 23 119 154
EPS in Rs -0.21 0.04 1.07 1.88 2.42 4.77 6.04 6.83 -4.66 5.14 25.09 31.68
Dividend Payout % 0% 0% 9% 6% 8% 5% 4% 0% 0% 8% 7% 13%
Compounded Sales Growth
10 Years: 25%
5 Years: 22%
3 Years: 68%
TTM: 28%
Compounded Profit Growth
10 Years: 95%
5 Years: 41%
3 Years: 112%
TTM: 30%
Stock Price CAGR
10 Years: 45%
5 Years: 45%
3 Years: 90%
1 Year: 65%
Return on Equity
10 Years: 17%
5 Years: 18%
3 Years: 24%
Last Year: 25%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 3 3 4 4 4 4 4 4 4 4 5 10
Reserves 9 9 70 87 97 168 195 225 274 297 415 786
37 54 33 58 42 55 104 114 41 54 108 120
23 35 23 27 55 47 80 71 77 109 168 160
Total Liabilities 73 102 130 176 197 274 385 415 396 464 695 1,077
4 12 12 24 23 31 29 79 67 82 118 142
CWIP 0 0 0 0 1 0 0 0 0 0 0 0
Investments 0 0 0 0 0 0 0 0 0 20 36 278
69 90 117 152 173 242 356 335 329 362 541 657
Total Assets 73 102 130 176 197 274 385 415 396 464 695 1,077

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-4 -3 -32 -13 24 -48 -39 70 112 16 42 179
2 -9 -3 -15 -6 -13 -6 -21 -98 -5 -36 -342
4 12 36 29 -20 59 45 -49 -10 -14 -6 175
Net Cash Flow 1 -0 1 1 -2 -2 -0 0 4 -2 0 11

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 126 72 70 74 62 86 90 79 101 59 51 39
Inventory Days 209 186 174 176 171 199 205 155 223 123 129 103
Days Payable 135 121 40 41 86 67 75 59 138 84 79 57
Cash Conversion Cycle 200 137 204 208 147 218 220 175 185 98 101 85
Working Capital Days 144 102 147 150 117 164 169 135 154 92 82 90
ROCE % 11% 11% 12% 12% 14% 20% 17% 16% -7% 13% 37%

Shareholding Pattern

Numbers in percentages

2 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
50.36% 49.90% 49.89% 50.02% 50.01% 47.24% 47.24% 47.24% 47.23% 46.96% 46.88% 45.73%
16.24% 17.30% 16.28% 16.21% 15.77% 15.14% 15.53% 15.93% 12.30% 12.95% 13.44% 13.14%
5.54% 5.18% 6.14% 5.88% 6.74% 12.21% 12.01% 12.62% 17.00% 17.51% 16.75% 20.52%
27.86% 27.63% 27.69% 27.89% 27.48% 25.43% 25.23% 24.22% 23.47% 22.59% 22.91% 20.61%
No. of Shareholders 12,17614,01114,56714,34613,74115,58114,58315,14824,02331,30745,25135,078

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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