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Safari Industries (India) Limited

Safari Industries (India) Limited

NSE: SAFARI
Footwear & AccessoriesConsumer CyclicalSMALL CAPMCap ₹6.47k Cr
₹1,319.60₹30.30 (+2.35%)

Market Closed • NSE

Market cap₹6.47k Cr
Enterprise value₹6.15k Cr
P/E TTM39.19
Forward P/E26.60
P/B5.80
EPS TTM₹33.67
Forward EPS₹49.61
ROCE19.30%
D/E0.10
Dividend yield0.00%
Face value₹2.00
52W high₹2,507.10
52W low₹1,283.80
Price chart(1Y)
1Y Return:-16.70% (₹264.50)
H: ₹1,702.9L: ₹1,280
1W+0.84%
1M-13.99%
3M-21.62%
6M-13.73%
1Y-39.82%
Today at a glance

Day range

₹1,283.80₹1,326.00

52 week range

₹1,283.80₹2,507.10
Volume20.7K0.49x 20D avg
Free float50.00%-50.80% volume

Safari Industries (India) Limited closed at INR1319.60 (+2.35%) on volume 0.49x its 20-day average, trading 47.37% below its 52-week high.

Technical analysis
RSI (14)28.0Oversold
MACDBEARISHBearish (Below signal)
ATR (14)₹43.85High
SMA 20₹1,438.99BEARISH
SMA 50₹1,481.79BEARISH
SMA 100₹1,539.18BEARISH
SMA 200₹1,654.01BEARISH
CPR bottom₹1,300.40
Pivot₹1,296.70
CPR top₹1,293.00
What changed recently?

2026-Q2

Q2 FY2026 Financial Results

PAT moved +29.7% QoQ

2026-07-17

DIVIDEND Announced

Dividend - Rs 2 Per Share

2025-11-14

DIVIDEND Announced

Interim Dividend - Rs 2 Per Share

Shariah audit
Methodology: AAOIFI Shariah Standard No. 21
PASS4/4 criteria
Shariah Compliant
CriteriaNumeratorDenominatorValueThresholdStatus
Interest-bearing debt ratio₹116.5 Cr₹6.47k Cr1.80%≤ 33%PASS
Non-halal income ratio–₹2.05k Cr0.00%≤ 5%PASS
Illiquid assets ratio₹1.44k Cr₹1.45k Cr99.41%≥ 20%PASS
Receivables ratio–₹1.45k Cr—≤ 49%PASS
Valuation & sector context
MetricCompanySector
P/E39.1926.10
Forward P/E26.60—
P/B5.802.60
EV/EBITDA—18.00
PEG—1.00
Earnings yield2.603.80
Growth & profitability
RevenuePAT
FY24PAT margin 11.40%
FY25PAT margin 8.10%
FY26PAT margin 8.20%

Revenue and PAT bars use independent scales to make their year-on-year direction readable.

Revenue CAGR 3Y+4.90%
Revenue CAGR 5Y+5.80%
PAT CAGR 3Y+5.50%
PAT CAGR 5Y-0.90%
Operating margin9.58%
Net margin7.83%
Financial health & cash flow
Net debt₹108.1 CrModerate
Interest coverage23.20xEBIT / interest
CFO / PAT0.84x3Y average
Net debt / EBITDA—Leverage
Operating cash flow₹173.4 Cr
Capital expenditure–
Free cash flow₹102.9 Cr
Financial statements

Complete reported financial history · Values use the company's reporting currency

Hover over the chart for exact reported values. Percentage lines use the right-hand axis.

Fundamental scorecard
Overall75/100
Valuation50/100
Profitability80/100
Financial health95/100

A 0–100 quantitative summary of reported fundamentals. Use the underlying financials and risks for context; the score is not a buy or sell recommendation.

Strengths, risks & investment thesis

Strengths

Strong Capital Efficiency: ROCE stands at 19.3%

Low Debt Profile: Debt-to-Equity is comfortable at 0.10x

Risks

Subject to cyclical raw material and macro industry pressures

Bull case

Market Leadership: Established operational scale in Footwear & Accessories.

Bear case

Macro Headwinds: Fluctuations in interest rates and sector-specific policy shifts could compress multiples.

Flip condition

Sustained quarterly EBITDA margin expansion above 20% would trigger an upgrade.

Shareholding pattern
Quarterly ownership historyLatest valid period · December 2025

Ownership distribution

Dec 2025Latest holding

Category trends

Hover over a period for exact holdings

60%40%20%0%Sept 2024Dec 2024Jun 2025Sept 2025Dec 2025
39.11%Institutional holding
16.20%Public holding
5Periods available
0.00%Promoter pledged
34.89KShareholders
Corporate Action

Complete dividend, bonus, split, rights and other action history

Record dateCorporate actionInformationAnnouncement dateEx-date
17 Jul 2026Dividend₹2.00 / share—17 Jul 2026
14 Nov 2025Dividend₹2.00 / share—14 Nov 2025
18 Jul 2025Dividend₹1.50 / share—18 Jul 2025
19 Nov 2024Dividend₹1.50 / share—19 Nov 2024
12 Jul 2024Dividend₹1.50 / share—12 Jul 2024
—Annual General MeetingAnnual General Meeting—12 Jul 2024
12 Dec 2023Bonus issue1:1 bonus ratio—12 Dec 2023
10 Nov 2023Dividend₹2.50 / share—10 Nov 2023
14 Jul 2023Dividend₹2.00 / share—14 Jul 2023
—Annual General MeetingAnnual General Meeting—14 Jul 2023
17 Feb 2023Dividend₹1.50 / share—17 Feb 2023
15 Jul 2022Dividend₹0.80 / share—14 Jul 2022
Delivery participation

Traded volume and delivery percentage across the latest 20 sessions

Average delivery (20D)51.02%-5.03% latest vs average
Highest delivery69.40%on 30 Sept
Average volume (20D)42.1KTrading-session average
Conviction trendWeakening-5.03% latest reading
Traded volumeDelivery %
Peer comparison

Compare valuation, latest quarterly performance and year-on-year growth

8 companies
Company nameMarket cap ₹ CrP/E ratioDividend yield %Quarterly sales ₹ CrProfit after tax ₹ CrSales growth %Profit growth %
Titan Company Limited
Titan Company LimitedTITAN
Open analysis
₹3.91L67.970.34%₹21,356.00₹1,777.00+29.25%+62.88%
Maruti Suzuki India Limited
Maruti Suzuki India LimitedMARUTI
Open analysis
₹3.59L25.051.25%₹52,470.00₹3,447.00+35.92%-9.10%
Mahindra & Mahindra Limited
Mahindra & Mahindra LimitedM&M
Open analysis
₹3.36L17.021.20%₹41,959.00₹3,685.00+22.89%+6.81%
Eternal Limited
Eternal LimitedETERNAL
Open analysis
₹2.98L688.190.00%₹3,349.00₹585.00+38.79%-2.82%
Bajaj Auto Limited
Bajaj Auto LimitedBAJAJ-AUTO
Open analysis
₹2.69L23.251.56%₹17,243.72₹2,982.84+36.35%+34.94%
Eicher Motors Limited
Eicher Motors LimitedEICHERMOT
Open analysis
₹1.94L33.551.21%₹6,632.00₹1,463.00+31.54%+21.41%
TVS Motor Company Limited
TVS Motor Company LimitedTVSMOTOR
Open analysis
₹1.84L53.590.31%₹16,296.00₹1,058.00+33.46%+64.54%
Samvardhana Motherson International Limited
Samvardhana Motherson International LimitedMOTHERSON
Open analysis
₹1.63L36.870.33%₹35,244.00₹1,076.00+16.66%+77.56%
About Safari Industries (India) Limited
Safari Industries (India) Limited

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]

IndiaConsumer Cyclical

Questions investors ask
Is Safari Industries (India) Limited Shariah compliant?

Safari Industries (India) Limited is currently screened as Shariah Compliant under AAOIFI Shariah Standard No. 21. Business activities align with Shariah permissible sectors. Debt to Market Cap (1.8%) complies with AAOIFI threshold (≤ 33%).

What is Safari Industries (India) Limited's current valuation relative to peers?

Safari Industries (India) Limited trades at a P/E of 39.2x compared to the sector median of 26.1x, and a Price-to-Book of 5.8x.

Is the company financially healthy?

The company has a Debt-to-Equity ratio of 0.10x. Interest coverage is 23.2x.

What are the historical revenue and profit growth rates?

Over the past 5 years, revenue compounded at 5.8% while net profit growth averaged -0.9%.

Market data is informational and may be delayed. Shariah screening follows the displayed methodology. This is not investment advice.

Market data may be delayed. Quote date: 2026-10-09. Financial figures relate to their stated reporting periods. This information is for research and is not a recommendation to buy or sell.