Safari Industries (India) Ltd's earnings have declined by -216.3%, whereas share price has appreciated 29% CAGR over the past five years, indicating the company’s share price is likely overvalued. However, for specific investment actions please consult your investment advisor.
Safari Industries (India) Ltd share price has appreciated 38.1% annually (CAGR) over the past ten years.
Past 10 years financial track record analysis by Moneyworks4me indicates that Safari Industries (India) Ltd is a below average long term investment. However, you need to ensure you buy at a right price to earn good returns.
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
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Business area of the company
The company manufactures injection-moulded plastic articles and vacuum-formed plastic articles.