Safari Industries (India) Limited

NSE: SAFARI · Plastic Products - Consumer

52W Range₹1,363 ₹2,507

Snapshot

Unlock Safari Industries (India) Limited's vital signs

Growth · Profitability · Valuation · Strength · Conviction

Company Overview

Business

Safari Industries (India) Limited is a manufacturer and marketer of luggage and travel accessories, including hard and soft luggage, backpacks, and overnighters. The company operates primarily within the Indian market, distributing its diverse product portfolio through both retail stores and online channels.

Business Model

The company generates revenue through the sale of luggage products under various brands such as Safari, Magnum, Genius, and Genie. It employs an omni-channel distribution strategy, leveraging both physical retail presence and e-commerce platforms to reach consumers.

  • Incorporation Year:1980

Growth Outlook

Growth is driven by the increasing demand for travel accessories in the Indian market and the expansion of digital sales channels. The company continues to focus on brand positioning across different consumer segments to capture market share.

Key Risks

  • Raw Material Price Volatility. Fluctuations in the prices of polymers and other raw materials used in luggage manufacturing can significantly impact profit margins.
  • Intense Market Competition. The luggage industry in India is highly competitive, with pressure from both established domestic players and international brands.
  • Cyclicality of Travel Demand. The company's performance is sensitive to shifts in consumer travel patterns and general economic conditions affecting discretionary spending.

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Key Metrics

REVENUE

₹2,108 Cr

TTM · consolidated

+14.0%YoY

NET PROFIT

₹165 Cr

TTM · consolidated

+10.9%YoY

EPS

₹33.70

TTM · consolidated

+10.6%YoY

RETURN ON EQUITY

16.0%

TTM · consolidated

+0.4 ppYoY

RETURN ON CAPITAL EMPLOYED

19.6%

TTM · consolidated

+0.2 ppYoY

P/E

45.7x

Q1 FY27 · consolidated

45.7 vs 61.3x5Y avg

EV/EBITDA

25.7x

Q1 FY27 · consolidated

25.7 vs 51.5x5Y avg

EBITDA MARGIN

13.9%

TTM · consolidated

-0.4 ppYoY

NET PROFIT MARGIN

8.1%

Q1 FY27 · consolidated

-1.5 ppYoY

DEBT TO EQUITY

0.0x

Q1 FY27 · consolidated

-0.02xYoY

Peers · Plastic Products - Consumer

CompanyMkt CapP/EEV/EBITDARev Gr YoYEBITDA MgnROEROCE1Y Return
Safari Industries (India) LimitedSAFARI
₹7,547 Cr45.7125.7214.0%13.9%16.0%19.6%-28.5%
V.I.P. Industries LimitedVIPIND
₹4,461 Cr-11.79-19.00-10.8%-13.6%-83.6%-41.3%-27.8%
Nilkamal LtdNILKAMAL
₹3,158 Cr25.349.267.6%9.7%8.2%10.2%+36.5%
Bai-Kakaji Polymers LimitedBAIKAKAJI
₹636 Cr13.0%
Wim PlastWIMPLAST
6.711.0%25.1%11.6%15.1%

As of Q1 FY27

Financials