Safari Industries (India) Ltd

Safari Inds. Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Safari Industries (India) Ltd

₹ 2,683 2.90%
03 Dec - close price
safaribags.com BSE: 523025 NSE: SAFARI
About

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]

Key Points

Company Overview
Safari has been in the business since 1974 of manufacturing and trading of luggage and luggage accessories. There are two broad categories of luggage i.e. Hard luggage and soft luggage. [1]

Website BSE NSE
  • Market Cap ₹ 13,114 Cr.
  • Current Price ₹ 2,683
  • High / Low ₹ 2,712 / 1,627
  • Stock P/E 81.9
  • Book Value ₹ 182
  • Dividend Yield 0.10 %
  • ROCE 31.0 %
  • ROE 28.0 %
  • Face Value ₹ 2.00
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Pros

  • Company has delivered good profit growth of 44.7% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 25.8%
  • Debtor days have improved from 49.8 to 38.9 days.
  • Company's median sales growth is 27.9% of last 10 years

Cons

  • Stock is trading at 14.7 times its book value
  • Promoter holding has decreased over last 3 years: -4.48%

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Plastic products Industry: Moulded Luggage

Part of Nifty Total Market Nifty Microcap 250 BSE SmallCap BSE Allcap BSE Consumer Discretionary

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
189 204 193 293 314 303 303 427 370 388 365 450 458
171 191 176 251 272 248 244 348 307 320 299 384 410
Operating Profit 18 13 17 42 42 55 58 79 63 68 67 66 48
OPM % 10% 6% 9% 14% 13% 18% 19% 19% 17% 18% 18% 15% 10%
2 2 -7 2 3 3 3 2 3 4 5 8 7
Interest 1 1 1 1 2 3 2 3 2 2 2 2 2
Depreciation 5 5 6 7 8 9 9 13 12 13 14 14 15
Profit before tax 14 9 3 35 35 46 50 66 52 57 56 58 38
Tax % 24% 24% 10% 25% 25% 24% 23% 24% 23% 24% 23% 23% 22%
11 7 2 27 26 34 38 50 40 43 43 44 30
EPS in Rs 2.37 1.54 0.54 5.94 5.47 7.27 8.03 10.54 8.35 9.02 8.86 9.11 6.07
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
161 211 271 344 419 578 686 328 705 1,212 1,550 1,662
154 198 252 319 377 525 614 334 649 1,015 1,273 1,413
Operating Profit 7 12 19 24 42 53 72 -6 56 197 278 249
OPM % 4% 6% 7% 7% 10% 9% 11% -2% 8% 16% 18% 15%
0 -1 1 0 1 1 1 3 -2 9 14 24
Interest 6 3 3 4 3 4 10 6 5 8 10 9
Depreciation 1 3 4 5 6 8 22 20 20 33 52 56
Profit before tax 1 6 12 16 34 41 40 -29 29 165 230 208
Tax % 78% 27% 35% 34% 36% 34% 24% -28% 23% 24% 24%
0 4 8 10 22 27 31 -21 22 125 176 160
EPS in Rs 0.04 1.06 1.87 2.45 4.84 6.09 6.86 -4.67 4.99 26.39 36.05 33.06
Dividend Payout % 0% 9% 6% 8% 5% 4% 0% 0% 8% 7% 11%
Compounded Sales Growth
10 Years: 25%
5 Years: 22%
3 Years: 68%
TTM: 19%
Compounded Profit Growth
10 Years: 98%
5 Years: 45%
3 Years: 119%
TTM: -1%
Stock Price CAGR
10 Years: 43%
5 Years: 56%
3 Years: 84%
1 Year: 23%
Return on Equity
10 Years: 18%
5 Years: 19%
3 Years: 26%
Last Year: 28%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 3 4 4 4 4 4 4 4 4 5 10 10
Reserves 9 72 87 97 168 196 226 275 297 421 814 882
54 33 58 42 55 104 114 41 56 139 146 157
35 20 27 55 47 81 71 77 112 182 173 235
Total Liabilities 102 130 177 198 275 386 416 397 469 747 1,143 1,284
12 12 24 23 32 29 79 67 96 184 293 288
CWIP 0 0 0 1 0 0 0 0 20 0 1 62
Investments 0 0 0 0 0 0 0 0 0 0 149 24
90 117 152 174 243 357 336 330 353 563 700 910
Total Assets 102 130 177 198 275 386 416 397 469 747 1,143 1,284

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
-3 -32 -13 24 -48 -38 71 111 16 51 217
-9 -3 -15 -6 -13 -7 -21 -98 -4 -70 -345
12 36 29 -20 59 45 -50 -10 -14 20 164
Net Cash Flow -0 1 1 -2 -2 -0 1 3 -2 1 36

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 72 70 73 62 85 89 78 101 59 51 39
Inventory Days 186 174 180 172 199 206 155 223 123 144 124
Days Payable 121 40 42 87 68 76 59 138 84 90 70
Cash Conversion Cycle 137 204 211 147 217 219 174 185 98 105 93
Working Capital Days 102 147 149 116 163 167 134 154 85 83 67
ROCE % 12% 12% 14% 20% 17% 16% -7% 13% 37% 31%

Shareholding Pattern

Numbers in percentages

17 Recently
Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
49.89% 50.02% 50.01% 47.24% 47.24% 47.24% 47.23% 46.96% 46.88% 45.73% 45.73% 45.41%
16.28% 16.21% 15.77% 15.14% 15.53% 15.93% 12.30% 12.95% 13.44% 13.14% 12.69% 12.24%
6.14% 5.88% 6.74% 12.21% 12.01% 12.62% 17.00% 17.51% 16.75% 20.52% 21.83% 22.73%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.01%
27.69% 27.89% 27.48% 25.43% 25.23% 24.22% 23.47% 22.59% 22.91% 20.61% 19.75% 19.60%
No. of Shareholders 14,56714,34613,74115,58114,58315,14824,02331,30745,25135,07832,05045,148

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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