Safari Industries (India) Ltd

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

Safari Industries (India) Ltd

₹ 2,051 -0.76%
18 Apr - 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 ₹ 10,001 Cr.
  • Current Price ₹ 2,051
  • High / Low ₹ 2,315 / 1,080
  • Stock P/E 66.4
  • Book Value ₹ 105
  • Dividend Yield 0.09 %
  • ROCE 37.0 %
  • ROE 33.0 %
  • Face Value ₹ 2.00
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Pros

  • Company is expected to give good quarter
  • Company has delivered good profit growth of 40.9% CAGR over last 5 years
  • Debtor days have improved from 70.5 to 51.2 days.
  • Company's median sales growth is 27.8% of last 10 years
  • Company's working capital requirements have reduced from 109 days to 81.9 days

Cons

  • Stock is trading at 19.6 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

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
112 133 120 189 204 192 293 315 302 302 426 370 388
107 120 113 171 191 176 251 276 253 250 355 316 332
Operating Profit 5 13 7 18 13 16 42 39 49 52 71 54 56
OPM % 5% 10% 6% 10% 6% 9% 14% 12% 16% 17% 17% 15% 14%
1 0 2 2 2 -7 2 3 3 3 3 3 4
Interest 1 1 1 1 1 1 1 1 2 2 2 2 2
Depreciation 5 5 4 5 5 5 6 7 8 8 11 10 11
Profit before tax 0 8 3 14 9 3 36 33 42 46 61 45 47
Tax % -750% 25% 27% 24% 24% 9% 24% 25% 25% 23% 25% 24% 25%
1 6 3 11 7 3 27 25 32 35 46 34 36
EPS in Rs 0.27 1.40 0.57 2.39 1.60 0.57 6.12 5.26 6.66 7.39 9.68 7.17 7.49
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
62 92 161 211 269 342 417 573 681 328 705 1,211 1,486
59 88 154 198 251 318 375 520 610 333 649 1,029 1,253
Operating Profit 3 4 7 12 19 24 42 52 71 -6 56 181 233
OPM % 4% 5% 4% 6% 7% 7% 10% 9% 10% -2% 8% 15% 16%
0 -1 0 -1 1 0 1 1 1 3 -2 11 13
Interest 3 4 6 3 3 4 3 4 10 6 5 6 7
Depreciation 0 0 1 3 4 5 6 8 22 20 19 29 40
Profit before tax -1 -1 1 6 12 15 33 41 40 -29 30 157 199
Tax % -8% 46% 78% 27% 35% 34% 36% 34% 24% 28% 23% 24%
-1 -1 0 4 8 10 21 27 31 -21 23 119 151
EPS in Rs -0.24 -0.21 0.04 1.07 1.88 2.42 4.77 6.04 6.83 -4.66 5.14 25.09 31.73
Dividend Payout % 0% 0% 0% 9% 6% 8% 5% 4% 0% 0% 8% 7%
Compounded Sales Growth
10 Years: 29%
5 Years: 24%
3 Years: 21%
TTM: 35%
Compounded Profit Growth
10 Years: 57%
5 Years: 41%
3 Years: 57%
TTM: 60%
Stock Price CAGR
10 Years: 46%
5 Years: 41%
3 Years: 92%
1 Year: 85%
Return on Equity
10 Years: 14%
5 Years: 14%
3 Years: 14%
Last Year: 33%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 3 3 3 4 4 4 4 4 4 4 4 5 5
Reserves 10 9 9 70 87 97 168 195 225 274 297 415 493
18 37 54 33 58 42 55 104 114 41 54 108 103
20 23 35 23 27 55 47 80 71 77 109 168 191
Total Liabilities 50 73 102 130 176 197 274 385 415 396 464 695 791
3 4 12 12 24 23 31 29 79 67 82 118 134
CWIP 0 0 0 0 0 1 0 0 0 0 0 0 2
Investments 0 0 0 0 0 0 0 0 0 0 20 36 36
47 69 90 117 152 173 242 356 335 329 362 541 620
Total Assets 50 73 102 130 176 197 274 385 415 396 464 695 791

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
1 -4 -3 -32 -13 24 -48 -39 70 112 16 42
-0 2 -9 -3 -15 -6 -13 -6 -21 -98 -5 -36
-1 4 12 36 29 -20 59 45 -49 -10 -14 -6
Net Cash Flow -0 1 -0 1 1 -2 -2 -0 0 4 -2 0

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 120 126 72 70 74 62 86 90 79 101 59 51
Inventory Days 235 209 186 174 176 171 199 205 155 223 123 129
Days Payable 159 135 121 40 41 86 67 75 59 138 84 79
Cash Conversion Cycle 197 200 137 204 208 147 218 220 175 185 98 101
Working Capital Days 142 144 102 147 150 117 164 169 135 154 92 82
ROCE % 8% 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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