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.

Price

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Key Metrics

REVENUE

₹2,047 Cr

TTM · consolidated

+15.5%YoY

NET PROFIT

₹168 Cr

TTM · consolidated

+17.5%YoY

EPS

₹34.28

TTM · consolidated

+17.2%YoY

RETURN ON EQUITY

16.9%

TTM · consolidated

+0.2 ppYoY

RETURN ON CAPITAL EMPLOYED

20.7%

TTM · consolidated

+0.1 ppYoY

P/E

47.5x

Q4 FY26 · consolidated

47.5 vs 256.6x5Y avg

EV/EBITDA

27.0x

Q4 FY26 · consolidated

27.0 vs 69.2x5Y avg

EBITDA MARGIN

14.4%

TTM · consolidated

+0.1 ppYoY

NET PROFIT MARGIN

7.9%

Q4 FY26 · consolidated

-1.0 ppYoY

DEBT TO EQUITY

0.0x

Q4 FY26 · consolidated

-0.02xYoY

Peers · Plastic Products - Consumer

CompanyMkt Cap (Cr)P/EEV/EBITDARev Gr YoYEBITDA MgnROEROCE1Y Return
Safari Industries (India) LimitedSAFARI
7,34147.4926.9515.5%14.4%16.9%20.7%-26.0%
V.I.P. Industries LimitedVIPIND
4,559-12.48-21.05-14.7%-11.8%-63.2%-32.5%-38.2%
Nilkamal LtdNILKAMAL
1,69215.305.3940.7%8.7%8.7%11.1%-22.9%
Wim PlastWIMPLAST
4276.714.381.0%25.1%11.6%15.1%
Bai-Kakaji Poly.BAIKAKAJI
37213.0%

As of Q4 FY26

Financials