Safari Industries (India) Ltd
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]
- Market Cap ₹ 10,184 Cr.
- Current Price ₹ 2,088
- High / Low ₹ 2,315 / 1,098
- Stock P/E 59.7
- Book Value ₹ 108
- Dividend Yield 0.08 %
- ROCE 37.5 %
- ROE 34.4 %
- Face Value ₹ 2.00
Pros
- Company is expected to give good quarter
- Company has delivered good profit growth of 41.8% CAGR over last 5 years
- Debtor days have improved from 70.3 to 51.0 days.
- Company's working capital requirements have reduced from 107 days to 83.1 days
Cons
- Stock is trading at 19.3 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
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
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 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|
161 | 211 | 271 | 344 | 419 | 578 | 686 | 328 | 705 | 1,212 | 1,488 | |
154 | 198 | 252 | 319 | 377 | 525 | 614 | 334 | 649 | 1,015 | 1,219 | |
Operating Profit | 7 | 12 | 19 | 24 | 42 | 53 | 72 | -6 | 56 | 197 | 269 |
OPM % | 4% | 6% | 7% | 7% | 10% | 9% | 11% | -2% | 8% | 16% | 18% |
0 | -1 | 1 | 0 | 1 | 1 | 1 | 3 | -2 | 9 | 11 | |
Interest | 6 | 3 | 3 | 4 | 3 | 4 | 10 | 6 | 5 | 8 | 9 |
Depreciation | 1 | 3 | 4 | 5 | 6 | 8 | 22 | 20 | 20 | 33 | 47 |
Profit before tax | 1 | 6 | 12 | 16 | 34 | 41 | 40 | -29 | 29 | 165 | 224 |
Tax % | 78% | 27% | 35% | 34% | 36% | 34% | 24% | 28% | 23% | 24% | |
0 | 4 | 8 | 10 | 22 | 27 | 31 | -21 | 22 | 125 | 171 | |
EPS in Rs | 0.04 | 1.06 | 1.87 | 2.45 | 4.84 | 6.09 | 6.86 | -4.67 | 4.99 | 26.39 | 35.94 |
Dividend Payout % | 0% | 9% | 6% | 8% | 5% | 4% | 0% | 0% | 8% | 7% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 24% |
3 Years: | 21% |
TTM: | 35% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 42% |
3 Years: | 60% |
TTM: | 75% |
Stock Price CAGR | |
---|---|
10 Years: | 47% |
5 Years: | 42% |
3 Years: | 93% |
1 Year: | 88% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | 15% |
3 Years: | 15% |
Last Year: | 34% |
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 | Sep 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 3 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 5 | 5 |
Reserves | 9 | 70 | 87 | 97 | 168 | 196 | 226 | 275 | 297 | 421 | 509 |
54 | 33 | 58 | 42 | 55 | 104 | 114 | 41 | 56 | 139 | 131 | |
35 | 23 | 27 | 55 | 47 | 81 | 71 | 77 | 112 | 182 | 220 | |
Total Liabilities | 102 | 130 | 177 | 198 | 275 | 386 | 416 | 397 | 469 | 747 | 865 |
12 | 12 | 24 | 23 | 32 | 29 | 79 | 67 | 96 | 184 | 209 | |
CWIP | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 20 | 0 | 11 |
Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
90 | 117 | 152 | 174 | 243 | 357 | 336 | 330 | 353 | 563 | 645 | |
Total Assets | 102 | 130 | 177 | 198 | 275 | 386 | 416 | 397 | 469 | 747 | 865 |
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 | |
---|---|---|---|---|---|---|---|---|---|---|
-3 | -32 | -13 | 24 | -48 | -38 | 71 | 111 | 16 | 51 | |
-9 | -3 | -15 | -6 | -13 | -7 | -21 | -98 | -4 | -70 | |
12 | 36 | 29 | -20 | 59 | 45 | -50 | -10 | -14 | 20 | |
Net Cash Flow | -0 | 1 | 1 | -2 | -2 | -0 | 1 | 3 | -2 | 1 |
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 | |
---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 72 | 70 | 73 | 62 | 85 | 89 | 78 | 101 | 59 | 51 |
Inventory Days | 186 | 174 | 180 | 172 | 199 | 206 | 155 | 223 | 123 | 144 |
Days Payable | 121 | 40 | 42 | 87 | 68 | 76 | 59 | 138 | 84 | 90 |
Cash Conversion Cycle | 137 | 204 | 211 | 147 | 217 | 219 | 174 | 185 | 98 | 105 |
Working Capital Days | 102 | 147 | 149 | 116 | 163 | 167 | 134 | 154 | 85 | 83 |
ROCE % | 12% | 12% | 14% | 20% | 17% | 16% | -7% | 13% | 37% |
Documents
Announcements
- Announcement under Regulation 30 (LODR)-Change in Management 17 Apr
- Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A 17 Apr
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Announcement under Regulation 30 (LODR)-Change in Management
15 Apr - Attached is the disclosure under Regulation 30 of SEBI (LODR) Regulations, 2015
- Certificate Under Regulation 40(10) Of SEBI (LODR) Regulations, 2015 12 Apr
- Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 8 Apr
Annual reports
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Financial Year 2023
from bse
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
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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]