Safari Industries India Ltd
- P/E
- 36.3x
- 52-week range
- 1,190 – 2,507.1
- ROE
- 16%
- ROCE
- 19%
- Sector
- Consumer Durables
- Industry
- Plastic Products - Consumer
- Listed on
- NSE, BSE
About
Safari Industries (India) Limited is an India-based holding company. The Company is engaged in the manufacturing and marketing of luggage and luggage accessories. There are two broad categories of luggage: hard luggage and soft luggage. Hard luggage is primarily made of Polypropylene (PP) and Polycarbonate (PC). Soft luggage is made from various types of fabric. The Company's business activity falls under an operating segment: luggage business. Its product portfolio includes trolley bags, backpack suitcases, satchel bags with laptop sleeves, laptop backpacks, duffle bags, school backpacks, anti-theft trolley bags, neck pillows, sling bags, travel rucksacks, messenger bags, formal backpacks, passport wallets, and others. The Company's subsidiaries, Safari Manufacturing Limited and Safari Lifestyles Limited, are engaged in the manufacturing and distribution of luggage and luggage accessories. The Company's manufacturing facilities are located in Panchmahal district, Gujarat.
Quick check
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Compared with its industry
Plastic Products - Consumer: 15 companies →Safari Industries India Ltd against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.
- Valuation (P/E)36.3 against a typical 25.6: pricier than most peers (1st = cheapest).11th of 15
- Sales growth+11.6% against a typical +2.4% from a year earlier.3rd of 13
- Profit growth−4% against a typical −11.3% from a year earlier.6th of 12
- Share price, 3 months−23.8% against a typical −10%.12th of 14
Credit ratings
Every rating action on file, newest first, including reaffirmations. Open a row for the agency's reasoning. All credit rating updates
High safety
Rated AA- by CRISIL- No warnings from the agency.
| Agency | Current rating | Outlook | As of |
|---|---|---|---|
| CRISIL | Crisil AA- | Stable | 1 Oct 2026 |
| Rating | Details | |||||
|---|---|---|---|---|---|---|
| 1 Oct 2026 | Reaffirmed | Crisil AA- | — | CRISIL | ₹ 150 Cr. | |
| 17 Oct 2025 | Reaffirmed | Crisil AA- | — | CRISIL | ₹ 150 Cr. |
Board meetings
Results dates and other board meetings. Full calendar
| Details | ||
|---|---|---|
| 4 Aug 2026 | Financial Results | To consider and approve the financial results for the period ended Jun 30, 2026 |
| 19 May 2026 | Financial Results/Dividend | To consider and approve the financial results for the quarter and ended March 31, 2026 and final dividend, if any |
| 10 Feb 2026 | Financial Results/Fund Raising | To consider and approve the financial results for the period ended December 31, 2025 and Fund Raising |
| 10 Nov 2025 | Financial Results/Dividend | To consider and approve the financial results for the period ended September 30, 2025 and dividend |
| 1 Aug 2025 | Financial Results | To consider and approve the financial results for the period ended Jun 30, 2025 |
| 6 May 2025 | Financial Results/Dividend | To consider and approve the financial results for the period ended March 31, 2025 and dividend |
Financials
Consolidated figures in ₹ crore.
| ₹ Cr. | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 370 | 388 | 365 | 450 | 458 | 443 | 421 | 528 | 534 | 512 | 473 | 589 |
| Expenses | 307 | 320 | 299 | 384 | 410 | 392 | 360 | 449 | 460 | 457 | 411 | 513 |
| Operating Profit | 63 | 68 | 67 | 66 | 48 | 50 | 61 | 79 | 74 | 56 | 62 | 75 |
| OPM % | 17% | 18% | 18% | 15% | 10% | 11% | 14% | 15% | 14% | 11% | 13% | 13% |
| Other Income | 3 | 4 | 5 | 8 | 7 | 7 | 6 | 6 | 6 | 6 | 7 | 7 |
| Interest | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 3 |
| Depreciation | 12 | 13 | 14 | 14 | 15 | 15 | 15 | 17 | 18 | 18 | 18 | 19 |
| Profit before tax | 52 | 57 | 56 | 58 | 38 | 41 | 49 | 65 | 60 | 42 | 49 | 61 |
| Tax % | 23% | 24% | 23% | 23% | 22% | 24% | 24% | 23% | 22% | 21% | 24% | 22% |
| Net Profit | 40 | 43 | 43 | 44 | 30 | 31 | 38 | 50 | 47 | 33 | 37 | 48 |
| EPS in Rs | 8.35 | 9.02 | 8.86 | 9.11 | 6.07 | 6.37 | 7.69 | 10.33 | 9.58 | 6.71 | 7.65 | 9.75 |
Growth and returns
Compounded yearly rates over each period.
- 10 Years
- 22%
- 5 Years
- 44%
- 3 Years
- 19%
- TTM
- 14%
- 10 Years
- 36%
- 5 Years
- 59%
- 3 Years
- 10%
- TTM
- 11%
- 10 Years
- 32%
- 5 Years
- 32%
- 3 Years
- −6%
- TTM
- —
- 10 Years
- 17%
- 5 Years
- 20%
- 3 Years
- 19%
- TTM
- —
P/E and EPS over time
Daily P/E and trailing 12-month EPS. EPS updates with each result.
Peers
Listed companies in the same business.
| Safari Industries India Ltd | ₹ 1,220.20 | — | 36.3x | — | 16% | — |
| Page Industries | ₹ 33,774.65 | ₹ 37,672 Cr. | 49.8x | 26.3x | 0% | 0% |
| Vardhman Textiles | ₹ 495.00 | ₹ 14,319 Cr. | 22.4x | 1.5x | 0% | 0% |
| Indo Count Industries | ₹ 390.35 | ₹ 7,721 Cr. | 68.4x | 3.7x | 0% | 0% |
| Raymond | ₹ 1,064.00 | ₹ 7,083 Cr. | 42.9x | 2.4x | 0% | 0% |
| Gokaldas Exports | ₹ 673.70 | ₹ 4,937 Cr. | 59.9x | 2.7x | 0% | 0% |
Management
- Sudhir Mohanlal Jatia
- Chairman of the Board, Managing Director
- Aditya Bhargava
- Chief Financial Officer
- Abhijaat Akhilesh Sinha
- Compliance Officer, Company Secretary
Prices are delayed and for information only. Nothing on this page is investment advice.