SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

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

₹1,583.75 9.00 (0.57%)

As on 04-Jun'26 16:59

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

₹1,583.75 9.00 (0.57%)

As on 04-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹7,760 Cr.
Current Price
₹1,583.8
52-Week Low / High
₹1,364 / 2,504
TTM EPS
₹34.2
TTM Sales
₹2,047 Cr.
Book Value per Share
₹227.5
P/E Ratio
46.25
Lower than its 5-year historical median
Industry PE
44.9
Price to Book (P/B)
6.96
Lower than its 5-year historical median
Price to Sales (P/S)
3.79
Lower than its 5-year historical median
EV/EBITDA
25.34
Lower than its 5-year historical median
Dividend Yield
0.15%
Profitability Efficiency
Return on Equity (ROE)
16.16%
Outperforms industry median
Return on Capital Employed (ROCE)
21.15%
Outperforms industry median
Return on Assets (ROA)
11.66%
Operating Profit Margin
12.8%
Net Profit Margin
8.06%
Gross Profit Margin
12.5%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
14.26%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
-19.01%
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
-18.78%
Asset Quality
Promoter Holding
44.70%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹1,105 Cr.
Equity
₹9.8 Cr.
Face Value
₹2
All Time Low / High
₹0.87 / 2837.20

Safari Industries (India) stock performance

Key Ratios
mw4me loader

Check Before You Invest

Quality

Locked
Login to view analysis.

Valuation

Locked
Login to view analysis.

Price Trend

Locked
Login to view analysis.
Q.1 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?
Q.1 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.
Q.1 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.
Q.1 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 : Login to view analysis.

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 end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

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'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 11.8%13.3%19.8%17.1%16.5%-7.8%11.3%43.4%35.5%21.2%-
Value Creation
Index
-0.2-0.10.40.20.2-1.6-0.22.11.60.6-

Growth Parameters

Sales 2783444195786863287051,2121,5501,7722,047
Sales YoY Gr.-23.5%22%37.9%18.7%-52.2%115%71.9%27.9%14.3%-
Adj EPS 2.22.64.96.47.2-4.65.226.635.728.834.2
YoY Gr.-17.9%89.5%32%12.1%-164.4%NA414.1%33.9%-19.2%-
BVPS (₹) 21.924.338.644.751.462.367.288.8167.9194.1227.5
Adj Net
Profit
9.110.721.728.732.3-20.823.2126174141168
Cash Flow from Ops. -12.824.1-48.2-38.271.311115.650.621757.3-
Debt/CF from Ops. -4.61.7-1.1-2.71.10.10.71.20.20.4-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 22.8%20.9%35.9%14.3%
Adj EPS 33.2%31.9%77.2%-19.2%
BVPS27.4%30.4%42.4%15.6%
Share Price 32% 36.1% 4.1% -29.6%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
10.811.115.815.415-8.2834.827.815.916.2
Op. Profit
Mgn %
7.37.210.19.510.8-1.8816.51812.813.2
Net Profit
Mgn %
3.33.15.254.7-6.33.310.411.288.2
Debt to
Equity
0.60.40.30.50.3000.10.100
Working Cap
Days
16616618419217532713310810310683
Cash Conv.
Cycle
1241081171371212006856495659

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales2783444195786863287051,2121,5501,772
Operating Expenses + 2603193775256143346501,0151,2731,547
Manufacturing Costs22223038573065114166197
Material Costs151198223329378187434674790925
Employee Cost 294053667760668698119
Other Costs 585971931025885142219306
Operating Profit 1924425272-655197278225
Operating Profit Margin (%) 6.7%7.1%10.0%9.1%10.5%-2.0%7.8%16.2%17.9%12.7%
Other Income + 111114891429
Exceptional Items -0-10000-9000
Interest 343410658109
Depreciation 4568222020335259
Profit Before Tax 1216344140-2929165230186
Tax 45121410-87405443
Profit After Tax 810222731-2122125176143
PAT Margin (%) 2.8%3.0%5.1%4.7%4.5%-6.4%3.2%10.3%11.3%8.1%
Adjusted EPS (₹)1.92.54.86.16.9-4.75.026.436.129.2
Dividend Payout Ratio (%)6.40%8.20%5.20%4.10%0%0%8%6.60%11.10%10.30%

Valuation of Safari Industries(I) - Consolidated

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

mw4me loader

Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 91101172200230279301421819949
Share Capital 444444451010
Reserves 8797167195226274296416809939
Debt +584154104751011533513
Long Term Debt332112021158
Short Term Debt5537521027471132205
Minority Interest0000000000
Trade Payables184841696171100167152200
Others Liabilities 10141814482650103132149
Total Liabilities 1772032863864143864627441,1381,312

Fixed Assets

Net Fixed Assets +24233129796796184293414
Gross Block422839449891151258404558
Accumulated Depreciation18481518245574111144
CWIP 010000200112
Investments 000000001493
Inventories7694123187160114146266269350
Trade Receivables54589814014790115169165243
Cash Equivalents flag 55312655986218225
Others Assets 17213129255026384264
Total Assets 1772032863864143864627441,1381,312

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + -1324-48-3871111165121757
PBT 1216344140-2938165230186
Adjustment 7101114363225395544
Changes in Working Capital -284-81-768107-45-117-13-133
Tax Paid -4-5-11-17-131-3-36-55-39
Cash Flow From Investing Activity + -15-6-13-7-21-98-4-70-345-10
Capex -16-5-14-9-21-8-43-48-111-145
Net Investments 1-2120-9033-26-242115
Others 00010065820
Cash Flow From Financing Activity + 29-195945-50-10-1420164-75
Net Proceeds from Shares 7051111002301
Net Proceeds from Borrowing 31-2-0-1-1-426-7-7
Interest Paid -3-4-3-5-10-6-5-8-9-9
Dividend Paid -0-1-1-1-100-5-11-15
Others 22-171450-38-4-56-38-46
Net Cash Flow 1-2-2-013-2136-27

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)9.3910.6215.8114.6514.27-8.217.7234.6628.3716.16
ROCE (%)11.7713.3119.8117.0616.52-7.7511.3343.3735.4821.15
Asset Turnover Ratio1.861.861.731.721.80.821.752.131.791.6
PAT to CFO Conversion(x)-1.632.4-2.18-1.412.29N/A0.730.411.230.4
Working Capital Days
Receivable Days60.3058.2067.5075.2073132.3050.5040.4036.4038
Inventory Days86.9088.3093.8097.7088152.5064.1058.6058.2057.70
Payable Days38.2060.2072.9061.2062.90129.1071.9072.2073.6069.50

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* 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 04-Jun-2026 16:59 is ₹1,583.8.

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 03-Jun-2026 the market cap of Safari Industries(I) stood at ₹7,759.7 Cr

The latest P/E ratio of Safari Industries(I) as of 03-Jun-2026 is 62.19.

The latest P/B ratio of Safari Industries(I) as of 03-Jun-2026 is 7.62.

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 Semi Strong which suggest that the price of Safari Industries (India) Ltd is likely to Rise-somewhat 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.

To get DeciZen Rating of 3,500+ Stocks based on their Quality, Valuation and Price Trend Login Now

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×