Safari Industries (India) Ltd

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

Safari Industries (India) Ltd

₹ 2,308 0.97%
30 May - close price
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 ₹ 11,282 Cr.
  • Current Price ₹ 2,308
  • High / Low ₹ 2,837 / 1,670
  • Stock P/E 96.0
  • Book Value ₹ 184
  • Dividend Yield 0.12 %
  • ROCE 16.6 %
  • ROE 13.8 %
  • Face Value ₹ 2.00
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Pros

  • Company has delivered good profit growth of 30.9% CAGR over last 5 years
  • Company's median sales growth is 27.0% of last 10 years

Cons

  • Stock is trading at 12.5 times its book value
  • Promoter holding has decreased over last 3 years: -4.61%

* 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

Consumer Discretionary Consumer Durables Consumer Durables Plastic Products - Consumer

Part of BSE SmallCap BSE Allcap BSE Consumer Discretionary Nifty Microcap 250 Nifty Total Market

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
192 293 315 302 302 426 370 388 365 449 457 442 421
176 251 276 253 250 355 316 332 308 398 425 406 373
Operating Profit 16 42 39 49 52 71 54 56 57 51 32 36 48
OPM % 9% 14% 12% 16% 17% 17% 15% 14% 16% 11% 7% 8% 11%
-7 2 3 3 3 3 3 4 6 10 10 10 9
Interest 1 1 1 2 2 2 2 2 2 2 2 2 2
Depreciation 5 6 7 8 8 11 10 11 11 12 12 11 11
Profit before tax 3 36 33 42 46 61 45 47 51 48 28 33 44
Tax % 9% 24% 25% 25% 23% 25% 24% 25% 23% 23% 22% 22% 24%
3 27 25 32 35 46 34 36 39 37 22 26 33
EPS in Rs 0.57 6.12 5.26 6.66 7.39 9.68 7.17 7.49 7.97 7.53 4.46 5.22 6.85
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
161 211 269 342 417 573 681 328 705 1,211 1,549 1,770
154 198 251 318 375 520 610 333 649 1,029 1,311 1,603
Operating Profit 7 12 19 24 42 52 71 -6 56 181 238 167
OPM % 4% 6% 7% 7% 10% 9% 10% -2% 8% 15% 15% 9%
0 -1 1 0 1 1 1 3 -2 11 16 39
Interest 6 3 3 4 3 4 10 6 5 6 7 7
Depreciation 1 3 4 5 6 8 22 20 19 29 43 46
Profit before tax 1 6 12 15 33 41 40 -29 30 157 204 152
Tax % 78% 27% 35% 34% 36% 34% 24% -28% 23% 24% 24% 23%
0 4 8 10 21 27 31 -21 23 119 154 118
EPS in Rs 0.04 1.07 1.88 2.42 4.77 6.04 6.83 -4.66 5.14 25.09 31.68 24.04
Dividend Payout % 0% 9% 6% 8% 5% 4% 0% 0% 8% 7% 13% 12%
Compounded Sales Growth
10 Years: 24%
5 Years: 21%
3 Years: 36%
TTM: 14%
Compounded Profit Growth
10 Years: 37%
5 Years: 31%
3 Years: 56%
TTM: -23%
Stock Price CAGR
10 Years: 41%
5 Years: 64%
3 Years: 71%
1 Year: 17%
Return on Equity
10 Years: 16%
5 Years: 17%
3 Years: 21%
Last Year: 14%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 3 4 4 4 4 4 4 4 4 5 10 10
Reserves 9 73 87 97 168 195 225 274 297 415 786 891
54 33 58 42 55 104 114 41 54 108 120 107
35 20 27 55 47 80 71 77 109 168 160 172
Total Liabilities 102 130 176 197 274 385 415 396 464 695 1,077 1,179
12 12 24 23 31 29 79 67 82 118 142 139
CWIP 0 0 0 1 0 0 0 0 0 0 0 0
Investments 0 0 0 0 0 0 0 0 20 36 278 181
90 117 152 173 242 356 335 329 362 541 657 859
Total Assets 102 130 176 197 274 385 415 396 464 695 1,077 1,179

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
-3 -32 -13 24 -48 -39 70 112 16 42 179 -13
-9 -3 -15 -6 -13 -6 -21 -98 -5 -36 -342 76
12 36 29 -20 59 45 -49 -10 -14 -6 175 -66
Net Cash Flow -0 1 1 -2 -2 -0 0 4 -2 0 11 -3

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 72 70 74 62 86 90 79 101 59 51 39 50
Inventory Days 186 174 176 171 199 205 155 223 123 129 105 110
Days Payable 121 40 41 86 67 75 59 138 84 79 58 50
Cash Conversion Cycle 137 204 208 147 218 220 175 185 98 101 86 110
Working Capital Days 102 147 150 117 164 169 135 154 92 82 67 91
ROCE % 11% 12% 12% 14% 20% 17% 16% -7% 13% 37% 29% 17%

Shareholding Pattern

Numbers in percentages

3 Recently
Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
50.01% 47.24% 47.24% 47.24% 47.23% 46.96% 46.88% 45.73% 45.73% 45.41% 45.41% 45.41%
15.77% 15.14% 15.53% 15.93% 12.30% 12.95% 13.44% 13.14% 12.69% 12.24% 12.26% 13.25%
6.74% 12.21% 12.01% 12.62% 17.00% 17.51% 16.75% 20.52% 21.83% 22.73% 23.97% 23.71%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.01% 0.00% 0.00%
27.48% 25.43% 25.23% 24.22% 23.47% 22.59% 22.91% 20.61% 19.75% 19.60% 18.37% 17.63%
No. of Shareholders 13,74115,58114,58315,14824,02331,30745,25135,07832,05045,14842,21838,387

* 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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