Safari Industries (India) Ltd

₹ 1,669 -0.69%

09 Mar - close price

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 ₹ 8,176 Cr.
Current Price ₹ 1,669
High / Low ₹ 2,507 / 1,618
Stock P/E 48.7
Book Value ₹ 213
Dividend Yield 0.18 %
ROCE 18.7 %
ROE 15.8 %
Face Value ₹ 2.00

Add ratio to table

Edit ratios

Pros

Company has reduced debt.
Company has delivered good profit growth of 35.4% CAGR over last 5 years
Company's median sales growth is 27.4% of last 10 years

Cons

Stock is trading at 7.82 times its book value

* 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 Allcap BSE Consumer Discretionary Nifty Microcap 250 Nifty Total Market Nifty India Tourism Nifty500 LargeMidSmall Equal-Cap Weighted

Edit Columns

Loading peers table ...

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025
	303	303	427	370	388	365	450	458	443	421	528	534	512
	248	244	348	307	320	299	384	410	392	360	449	460	457
Operating Profit	55	58	79	63	68	67	66	48	50	61	79	74	56
OPM %	18%	19%	19%	17%	18%	18%	15%	10%	11%	14%	15%	14%	11%
	3	3	2	3	4	5	8	7	7	6	6	6	6
Interest	3	2	3	2	2	2	2	2	2	2	2	2	2
Depreciation	9	9	13	12	13	14	14	15	15	15	17	18	18
Profit before tax	46	50	66	52	57	56	58	38	41	49	65	60	42
Tax %	24%	23%	24%	23%	24%	23%	23%	22%	24%	24%	23%	22%	21%
	34	38	50	40	43	43	44	30	31	38	50	47	33
EPS in Rs	7.27	8.03	10.54	8.35	9.02	8.86	9.11	6.07	6.37	7.69	10.33	9.58	6.71
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
	161	211	271	344	419	578	686	328	705	1,212	1,550	1,772	1,995
	154	198	252	319	377	525	614	334	649	1,015	1,273	1,546	1,725
Operating Profit	7	12	19	24	42	53	72	-6	56	197	278	225	270
OPM %	4%	6%	7%	7%	10%	9%	11%	-2%	8%	16%	18%	13%	14%
	0	-1	1	0	1	1	1	3	-2	9	14	28	24
Interest	6	3	3	4	3	4	10	6	5	8	10	9	9
Depreciation	1	3	4	5	6	8	22	20	20	33	52	59	68
Profit before tax	1	6	12	16	34	41	40	-29	29	165	230	186	217
Tax %	78%	27%	35%	34%	36%	34%	24%	-28%	23%	24%	24%	23%
	0	4	8	10	22	27	31	-21	22	125	176	143	168
EPS in Rs	0.04	1.06	1.87	2.45	4.84	6.09	6.86	-4.67	4.99	26.39	36.05	29.21	34.31
Dividend Payout %	0%	9%	6%	8%	5%	4%	0%	0%	8%	7%	11%	10%

Compounded Sales Growth
10 Years:	24%
5 Years:	21%
3 Years:	36%
TTM:	16%

Compounded Profit Growth
10 Years:	40%
5 Years:	35%
3 Years:	67%
TTM:	13%

Stock Price CAGR
10 Years:	34%
5 Years:	39%
3 Years:	18%
1 Year:	-16%

Return on Equity
10 Years:	17%
5 Years:	19%
3 Years:	23%
Last Year:	16%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Sep 2025
Equity Capital	3	4	4	4	4	4	4	4	4	5	10	10	10
Reserves	9	72	87	97	168	196	226	275	297	421	814	944	1,035
	54	33	58	42	55	104	114	41	56	139	146	125	113
	35	20	27	55	47	81	71	77	112	182	173	238	278
Total Liabilities	102	130	177	198	275	386	416	397	469	747	1,143	1,316	1,436
	12	12	24	23	32	29	79	67	96	184	293	414	433
CWIP	0	0	0	1	0	0	0	0	20	0	1	12	1
Investments	0	0	0	0	0	0	0	0	0	0	149	3	3
	90	117	152	174	243	357	336	330	353	563	700	887	998
Total Assets	102	130	177	198	275	386	416	397	469	747	1,143	1,316	1,436

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	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	-38	71	111	16	51	217	57
	-9	-3	-15	-6	-13	-7	-21	-98	-4	-70	-345	-10
	12	36	29	-20	59	45	-50	-10	-14	20	164	-75
Net Cash Flow	-0	1	1	-2	-2	-0	1	3	-2	1	36	-27

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	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	73	62	85	89	78	101	59	51	39	50
Inventory Days	186	174	180	172	199	206	155	223	123	144	124	138
Days Payable	121	40	42	87	68	76	59	138	84	90	70	79
Cash Conversion Cycle	137	204	211	147	217	219	174	185	98	105	93	109
Working Capital Days	-7	90	75	76	118	102	88	136	72	65	53	75
ROCE %		12%	12%	14%	20%	17%	16%	-7%	13%	37%	31%	19%

Insights

In beta

Mar 2015

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Debtors Turnover Days
Days

xx	xx	xx	xx	xx	xx	xxx	xx	xx	xx	xx
xxx	xxx	xxx	x,xxx	x,xxx	x,xxx	x,xxx	x,xxx	x,xxx	x,xxx	x,xxx
			xx.xx	xx.xx	xx.xx			xx.xx	xx.xx	xx.xx
			xx.xx	xx.xx	xx.xx			xx.xx	xx.xx	xx.xx
xx	xx	xx	xx	xx
								x,xxx	x,xxx	x,xxx
									x.xx	x.xx

Please log in to see hidden values.

Total Workforce (Employees + Contractual)
Count

Hard Luggage Contribution to Turnover
%

Soft Luggage & Backpacks Contribution to Turnover
%

Number of Exclusive Retail Stores (COCO)
Count

Number of Dealers and Distributors
Count

Hard Luggage Production Capacity
Lakh Pieces per Month

Shareholding Pattern

Numbers in percentages

1 Recently

	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025
	47.24%	47.23%	46.96%	46.88%	45.73%	45.73%	45.41%	45.41%	45.41%	45.41%	44.90%	44.70%
	15.93%	12.30%	12.95%	13.44%	13.14%	12.69%	12.24%	12.26%	13.25%	13.05%	12.30%	12.32%
	12.62%	17.00%	17.51%	16.75%	20.52%	21.83%	22.73%	23.97%	23.71%	24.68%	26.11%	26.56%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.01%	0.00%	0.00%	0.00%	0.00%	0.00%
	24.22%	23.47%	22.59%	22.91%	20.61%	19.75%	19.60%	18.37%	17.63%	16.86%	16.70%	16.42%
No. of Shareholders	15,148	24,023	31,307	45,251	35,078	32,050	45,148	42,218	38,387	36,080	36,628	35,017

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Dec 2025
	61.98%	57.80%	57.61%	56.67%	55.27%	50.02%	47.24%	45.73%	45.41%	44.70%
	0.00%	8.73%	9.98%	23.54%	15.75%	16.21%	15.93%	13.14%	13.25%	12.32%
	20.09%	15.98%	14.53%	0.81%	5.73%	5.88%	12.62%	20.52%	23.71%	26.56%
	17.93%	17.48%	17.88%	18.98%	23.25%	27.89%	24.22%	20.61%	17.63%	16.42%
No. of Shareholders	3,038	3,488	7,603	8,790	12,041	14,346	15,148	35,078	38,387	35,017

* 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.

Click on the line-items to see the names of individual entities.

Safari Industries (India) Ltd

Safari Industries (India) Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Insights

Shareholding Pattern

Documents

Announcements

Annual reports

Credit ratings