Key Metrics 
Check Before You Invest 
10 Yrs X-Ray 
Profit & Loss 
Valuation 
Analyst Note 
Balance Sheet 
Cash Flow 
Financial Ratio 
Qtr. Results 
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About
Safari Industries (India) Ltd (SAFARI)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 523025 NSE: SAFARI Household & Personal Products | Small Cap | Safari Industries(I) Share Price
₹1,637.65 -27.70 (-1.66%)
As on 15-Jul'26 12:42
Safari Industries (India) Ltd (SAFARI)
Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 523025 NSE: SAFARI Household & Personal Products | Small Cap | Safari Industries(I) Share Price
₹1,637.65 -27.70 (-1.66%)
As on 15-Jul'26 12:42
Key Metrics
Valuation Multiples
Market Cap
₹8,159 Cr.
Current Price
₹1,637.7
52-Week Low / High
₹1,364 / 2,504
TTM EPS
₹34.2
TTM Sales
₹2,047 Cr.
Book Value per Share
₹225.2
P/E Ratio
48.64
Lower than its 5-year historical median
Industry PE
46.6
Price to Book (P/B)
7.40
Lower than its 5-year historical median
Price to Sales (P/S)
3.99
Lower than its 5-year historical median
EV/EBITDA
26.69
Lower than its 5-year historical median
Dividend Yield
0.24%
Profitability Efficiency
Return on Equity (ROE)
16.35%
Outperforms industry median
Return on Capital Employed (ROCE)
21.55%
Outperforms industry median
Return on Assets (ROA)
12.21%
Operating Profit Margin
13.4%
Net Profit Margin
8.2%
Gross Profit Margin
13%
Growth Momentum
1-yr vs 3-yr growth
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
15.55%
Operating Profit Growth (1 Year)
Improving versus 3-year growth rate
20.41%
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
17.48%
Asset Quality
Promoter Holding
44.70%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹1,094 Cr.
Equity
₹9.8 Cr.
Face Value
₹2
All Time Low / High
₹0.87 / 2837.20
Check Before You Invest
Quality
Somewhat GoodValuation
FairCheck Valuation charts
Price Trend
Strong
Is Safari Industries (India) Ltd a good quality company?
Safari Industries (India) Ltd is a average quality company, based on a somewhat consistent multi-year financial track record.
This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.
We have analysed the performance of the company on the following:
-
How has it performed on generating Profits?
By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.
-
How efficiently has it utilized Capital?
By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.
-
How is it managing its Debt?
By checking its Debt to Equity and Cash Flow from Operations.
How does Safari Industries (India) Ltd performance compare with that of its Peers?
Revenue growth of Safari Industries (India) Ltd vs industry peers?
Safari Industries (India) Ltd revenue CAGR is 20.90%, compared to the industry median CAGR of 2.59%, indicating faster growth and gaining its market share.
Promoter shareholding and pledge status of Safari Industries (India) Ltd?
Promoters hold 44.70% of the Safari Industries (India) Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Stock return of Safari Industries (India) Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 31.7% based on the current price.
10 Year X-Ray :
Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year endData adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.
What is a Financial Track Record? How to read this chart in order to understand the data present here?
Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Safari Industries (India) Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good
Value Creation ⓘ
| Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % ⓘ | 13.3% | 19.8% | 17.1% | 16.5% | -7.8% | 11.3% | 43.4% | 35.5% | 21.2% | 21.6% | - |
| Value Creation Index ⓘ | -0.1 | 0.4 | 0.2 | 0.2 | -1.6 | -0.2 | 2.1 | 1.6 | 0.6 | 0.6 | - |
Growth Parameters ⓘ |
|||||||||||
| Sales ⓘ | 344 | 419 | 578 | 686 | 328 | 705 | 1,212 | 1,550 | 1,772 | 2,047 | 2,047 |
| Sales YoY Gr. | - | 22% | 37.9% | 18.7% | -52.2% | 115% | 71.9% | 27.9% | 14.3% | 15.6% | - |
| Adj EPS ⓘ | 2.6 | 4.9 | 6.4 | 7.2 | -4.6 | 5.2 | 26.6 | 35.8 | 28.9 | 34.4 | 34.2 |
| YoY Gr. | - | 89.5% | 32% | 12.1% | -164.4% | NA | 414.1% | 34.3% | -19.3% | 19.1% | - |
| BVPS (₹) ⓘ | 24.3 | 38.6 | 44.7 | 51.4 | 62.3 | 67.2 | 88.8 | 167.9 | 194.1 | 225.2 | 225.2 |
| Adj Net Profit ⓘ | 10.7 | 21.7 | 28.7 | 32.3 | -20.8 | 23.2 | 126 | 174 | 141 | 168 | 168 |
| Cash Flow from Ops. ⓘ | 24.1 | -48.2 | -38.2 | 71.3 | 111 | 15.6 | 50.6 | 217 | 57.3 | 173 | - |
| Debt/CF from Ops. ⓘ | 1.7 | -1.1 | -2.7 | 1.1 | 0.1 | 0.7 | 1.2 | 0.2 | 0.4 | 0 | - |
CAGR ⓘ
| 9 Years | 5 Years | 3 Years | 1 Years | |||||
|---|---|---|---|---|---|---|---|---|
| Sales ⓘ | 21.9% | 44.2% | 19.1% | 15.6% | ||||
| Adj EPS ⓘ | 33.4% | NA | 8.9% | 19.1% | ||||
| BVPSⓘ | 28.1% | 29.3% | 36.4% | 16% | ||||
| Share Price | 33.8% | 33.2% | 3.2% | -25.7% | ||||
Key Financial Parameters ⓘ
| Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity % ⓘ | 11.1 | 15.8 | 15.4 | 15 | -8.2 | 8 | 34.8 | 27.9 | 15.9 | 16.3 | 15.2 |
| Op. Profit Mgn % ⓘ | 7.2 | 10.1 | 9.5 | 10.8 | -1.8 | 8 | 16.5 | 18 | 12.8 | 13.4 | 13.2 |
| Net Profit Mgn % ⓘ | 3.1 | 5.2 | 5 | 4.7 | -6.3 | 3.3 | 10.4 | 11.3 | 8 | 8.2 | 8.2 |
| Debt to Equity ⓘ | 0.4 | 0.3 | 0.5 | 0.3 | 0 | 0 | 0.1 | 0.1 | 0 | 0 | 0 |
| Working Cap Days ⓘ | 166 | 184 | 192 | 175 | 327 | 133 | 108 | 103 | 105 | 112 | 83 |
| Cash Conv. Cycle ⓘ | 108 | 117 | 137 | 121 | 200 | 68 | 56 | 49 | 56 | 60 | 59 |
Profit And Loss
(All Figures are in Crores.)| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 344 | 419 | 578 | 686 | 328 | 705 | 1,212 | 1,550 | 1,772 | 2,047 |
| Operating Expenses ⓘ + | 319 | 377 | 525 | 614 | 334 | 650 | 1,015 | 1,273 | 1,547 | 1,776 |
| Operating Profit ⓘ | 24 | 42 | 52 | 72 | -6 | 55 | 197 | 278 | 225 | 271 |
| Operating Profit Margin (%) | 7.1% | 10.0% | 9.1% | 10.5% | -2.0% | 7.8% | 16.2% | 17.9% | 12.7% | 13.2% |
| Other Income ⓘ + | 1 | 1 | 1 | 1 | 4 | 8 | 9 | 14 | 29 | 25 |
| Interest ⓘ | 4 | 3 | 4 | 10 | 6 | 5 | 8 | 10 | 9 | 9 |
| Depreciation ⓘ | 5 | 6 | 8 | 22 | 20 | 20 | 33 | 52 | 59 | 71 |
| Profit Before Tax ⓘ | 16 | 34 | 41 | 40 | -29 | 29 | 165 | 230 | 186 | 216 |
| Tax ⓘ | 5 | 12 | 14 | 10 | -8 | 7 | 40 | 54 | 43 | 49 |
| Profit After Tax | 10 | 22 | 27 | 31 | -21 | 22 | 125 | 176 | 143 | 168 |
| PAT Margin (%) | 3.0% | 5.1% | 4.7% | 4.5% | -6.4% | 3.2% | 10.3% | 11.3% | 8.1% | 8.2% |
| Adjusted EPS (₹) | 2.5 | 4.8 | 6.1 | 6.9 | -4.7 | 5.0 | 26.4 | 36.1 | 29.2 | 34.2 |
| Dividend Payout Ratio (%) | 8.20% | 5.20% | 4.10% | 0% | 0% | 8% | 6.60% | 11.10% | 10.30% | 11.70% |
Valuation of Safari Industries(I) - Consolidated
Analyst's Notes
No data found!
Balance Sheet
(All Figures are in Crores.)| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
Equity and Liabilities | |||||||||||
| Shareholders Fund + | 101 | 172 | 200 | 230 | 279 | 301 | 421 | 819 | 949 | 1,103 | |
| Debt + | 41 | 54 | 104 | 75 | 10 | 11 | 53 | 35 | 13 | 0 | |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Trade Payables | 48 | 41 | 69 | 61 | 71 | 100 | 167 | 152 | 200 | 169 | |
| Others Liabilities ⓘ | 14 | 18 | 14 | 48 | 26 | 50 | 103 | 132 | 149 | 165 | |
| Total Liabilities ⓘ | 203 | 286 | 386 | 414 | 386 | 462 | 744 | 1,138 | 1,312 | 1,437 | |
Fixed Assets | |||||||||||
| Net Fixed Assets ⓘ + | 23 | 31 | 29 | 79 | 67 | 96 | 184 | 293 | 414 | 456 | |
| CWIP ⓘ | 1 | 0 | 0 | 0 | 0 | 20 | 0 | 1 | 12 | 1 | |
| Investments ⓘ | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 149 | 3 | 13 | |
| Inventories | 94 | 123 | 187 | 160 | 114 | 146 | 266 | 269 | 350 | 330 | |
| Trade Receivables | 58 | 98 | 140 | 147 | 90 | 115 | 169 | 165 | 243 | 261 | |
| Cash Equivalents | 5 | 3 | 1 | 2 | 65 | 59 | 86 | 218 | 227 | 270 | |
| Others Assets ⓘ | 21 | 31 | 29 | 25 | 50 | 26 | 38 | 42 | 62 | 106 | |
| Total Assets ⓘ | 203 | 286 | 386 | 414 | 386 | 462 | 744 | 1,138 | 1,312 | 1,437 | |
Cash Flow
(All Figures are in Crores.)| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash Flow From Operating Activity ⓘ + | 24 | -48 | -38 | 71 | 111 | 16 | 51 | 217 | 57 | 173 |
| Cash Flow From Investing Activity ⓘ + | -6 | -13 | -7 | -21 | -98 | -4 | -70 | -345 | -10 | -103 |
| Cash Flow From Financing Activity ⓘ + | -19 | 59 | 45 | -50 | -10 | -14 | 20 | 164 | -75 | -73 |
| Net Cash Flow ⓘ | -2 | -2 | -0 | 1 | 3 | -2 | 1 | 36 | -27 | -3 |
Financial Ratio
| PARTICULARS | Mar'17 | Mar'18 | Mar'19 | Mar'20 | Mar'21 | Mar'22 | Mar'23 | Mar'24 | Mar'25 | Mar'26 |
|---|---|---|---|---|---|---|---|---|---|---|
| Ratios | ||||||||||
| ROE (%) | 10.62 | 15.81 | 14.65 | 14.27 | -8.21 | 7.72 | 34.66 | 28.37 | 16.16 | 16.35 |
| ROCE (%) | 13.31 | 19.81 | 17.06 | 16.52 | -7.75 | 11.33 | 43.37 | 35.48 | 21.15 | 21.55 |
| Asset Turnover Ratio | 1.86 | 1.73 | 1.72 | 1.8 | 0.82 | 1.75 | 2.13 | 1.79 | 1.6 | 1.61 |
| PAT to CFO Conversion(x) | 2.4 | -2.18 | -1.41 | 2.29 | N/A | 0.73 | 0.41 | 1.23 | 0.4 | 1.03 |
| Working Capital Days | ||||||||||
| Receivable Days | 58.20 | 67.50 | 75.20 | 73 | 132.30 | 50.50 | 40.40 | 36.40 | 38 | 41.70 |
| Inventory Days | 88.30 | 93.80 | 97.70 | 88 | 152.50 | 64.10 | 58.60 | 58.20 | 57.70 | 56.30 |
| Payable Days | 60.20 | 72.90 | 61.20 | 62.90 | 129.10 | 71.90 | 72.20 | 73.60 | 69.50 | 64.90 |
Management X-Ray
Shareholding Pattern
Promoter's Holding & Share Pledging
| Pledged * | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
* Pledged shares as % of Promoter's holding (%)
Top 5 Mutual Funds Holding
Last Visited Stocks
Announcements
Safari Industries (India) Ltd FAQs
The current trading price of Safari Industries(I) on 15-Jul-2026 12:42 is ₹1,637.7.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 14-Jul-2026 the market cap of Safari Industries(I) stood at ₹8,159.5 Cr
The latest P/E ratio of Safari Industries(I) as of 14-Jul-2026 is 65.39.
The latest P/B ratio of Safari Industries(I) as of 14-Jul-2026 is 8.10.
The 52-week high of Safari Industries(I) is ₹2,503.8 and the 52-week low is ₹1,364.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Safari Industries(I) is ₹2,043 ( Cr.) .
Past 10 year's financial track record analysis by Moneyworks4me indicates that Safari Industries (India) Ltd is a average quality company.
The key valuation ratios of Safari Industries (India) Ltd's currently when compared to its past seem to suggest it is in the Fair zone.
The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of Safari Industries (India) Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing
About Safari Industries (India) Ltd
Safari Industries (India) was incorporated on July 6, 1980 and took over the undertaking and business of Safari Industries with effect from November 16, 1980. Fully paid-up equity shares of the company were issued in total consideration for the take over. It was promoted by Sumatichandra H Mehta and was converted into a public limited company on February 3, 1986.
In the year 2003, the company voluntarily delisted its equity shares from the Ahmedabad Stock Exchange
Business area of the company
The company manufactures injection-moulded plastic articles and vacuum-formed plastic articles.
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