Safari Industries (India) Ltd
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]
- Market Cap ₹ 11,363 Cr.
- Current Price ₹ 2,328
- High / Low ₹ 2,837 / 1,627
- Stock P/E 70.9
- Book Value ₹ 182
- Dividend Yield 0.12 %
- ROCE 31.0 %
- ROE 28.0 %
- Face Value ₹ 2.00
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 12.8 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 Microcap 250 Nifty Total Market BSE SmallCap BSE Allcap BSE Consumer Discretionary
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
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: | 40% |
5 Years: | 49% |
3 Years: | 71% |
1 Year: | 21% |
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% |
Documents
Announcements
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
13 Jan - Certificate under Regulation 74(5) for Q4 2024.
- Closure of Trading Window 30 Dec
- Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 24 Dec
- Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 18 Dec 2024
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
12 Dec 2024 - Schedule of analyst/investor meeting on December 17, 2024.
Annual reports
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
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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]