MarketFriction

Safari Industries (India) Ltd

NSE SAFARI · BSE 523025 · Plastic Products - Consumer
₹1,378.80 -3.55%
NSE close2026-10-01
52 week range1,363.10 - 2,507.10
Market cap₹7,011 Cr.
P/E42.5
Microcap 250 Price band 20% Delivery 35.3%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales370388365450458443421528534512473589
Expenses307320299384410392360449460457411513
Operating Profit636867664850617974566275
OPM %17%18%18%15%10%11%14%15%14%11%13%13%
Other Income345877666677
Interest222222222223
Depreciation121314141515151718181819
Profit before tax525756583841496560424961
Tax %23%24%23%23%22%24%24%23%22%21%24%22%
Net Profit404343443031385047333748
EPS in Rs8.359.028.869.116.076.377.6910.339.586.717.659.75
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales2713444195786863287051,2121,5501,7722,0472,108
Expenses2523193775256143346491,0151,2731,5461,7761,841
Operating Profit1924425372-656197278225271267
OPM %7%7%10%9%11%-1.7%8%16%18%13%13%13%
Other Income101113-2914282426
Interest34341065810999
Depreciation45682220203352597172
Profit before tax1216344140-2929165230186216212
Tax %35%34%36%34%24%-28%23%24%24%23%22%
Net Profit810222731-2122125176143168165
EPS in Rs1.872.454.846.096.86-4.674.9926.3936.0529.2134.2433.69
Dividend Payout %6%8%5%4%0%0%8%7%11%10%12%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth22%44%19%14%
Compounded Profit Growth36%59%10%11%
Stock Price CAGR31%28%-10%-35%
Return on Equity17%20%19%16%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital444444445101010
Reserves7287971681962262752974218149441,105
Borrowings335842551041144156139146125117
Other Liabilities20275547817177112182173238211
Total Liabilities1301771982753864163974697471,1431,3161,442
Fixed Assets1224233229796796184293414456
CWIP00100002001121
Investments000000000149313
Other Assets117152174243357336330353563700887972
Total Assets1301771982753864163974697471,1431,3161,442
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity-32-1324-48-3871111165121757173
Cash from Investing Activity-3-15-6-13-7-21-98-4-70-345-10-103
Cash from Financing Activity3629-205945-50-10-1420164-75-73
Net Cash Flow11-2-2-013-2136-27-3
Free Cash Flow-36-2919-62-4750103-273106-88105
CFO/OP-244%-50%120%-87%-41%117%-1,991%32%44%98%43%82%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days7073628589781015951395047
Inventory Days174180172199206155223123144124138116
Days Payable4042876876591388490707959
Cash Conversion Cycle2042111472172191741859810593109103
Working Capital Days907576118102881367265537468
ROCE %12%12%14%20%17%16%-7%13%37%31%19%19%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters46.96%46.88%45.73%45.73%45.41%45.41%45.41%45.41%44.90%44.70%44.70%44.70%
FIIs12.95%13.44%13.14%12.69%12.24%12.26%13.25%13.05%12.30%12.32%10.81%10.56%
DIIs17.51%16.75%20.52%21.83%22.73%23.97%23.71%24.68%26.11%26.56%28.30%28.26%
Government0.00%0.00%0.00%0.00%0.01%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Public22.59%22.91%20.61%19.75%19.60%18.37%17.63%16.86%16.70%16.42%16.20%16.47%
No. of Shareholders31,30745,25135,07832,05045,14842,21838,38736,08036,62835,01734,88636,853

Fundamentals

Market Cap₹ 7,011 Cr.
Current Price₹ 1,431
Stock P/E42.5
Book Value₹ 228
ROCE19.3 %
ROE15.9 %
Dividend Yield0.28 %
Face Value₹ 2.00
Compounded Sales Growth (TTM)14%
Compounded Profit Growth (TTM)11%
Consolidated figures.
Valuation
Market capRs 6,755 Cr
Enterprise valueRs 6,602 Cr
P/E (TTM)40.93x
Price to book6.06x
Price to sales3.20x
EV / EBITDA22.52x
EV / EBIT29.88x
EV / sales3.13x
Price to cash flow38.97x
Earnings yield2.44%
Dividend yield0.29%
P/E, 3-year average52.44x
P/B, 3-year average8.88x
P/E, 5-year average45.10x
P/B, 5-year average7.19x
Profitability
Operating margin (excl. other income)13.25%
Operating margin (incl. other income)14.44%
EBITDA margin13.91%
Pre-tax margin10.06%
Net profit margin7.83%
Net margin, latest quarter8.11%
ROE16.22%
ROCE19.48%
ROA12.16%
ROE, 3-year average20.15%
ROCE, 3-year average23.23%
ROA, 3-year average14.12%
ROE, 5-year average20.52%
ROCE, 5-year average23.46%
ROA, 5-year average13.62%
ROIC (approx.)17.82%
Tax rate22.46%
Other income / net worth2.19%
Growth
Sales growth (latest year)15.55%
Profit growth (latest year)17.48%
Sales CAGR, 3 years19.09%
Sales CAGR, 5 years44.23%
Profit CAGR, 3 years10.28%
Sales growth QoQ24.36%
Profit growth QoQ27.44%
Sales growth YoY (latest quarter)11.51%
Profit growth YoY (latest quarter)-5.43%
Per share
EPS (TTM)Rs 33.69
EPS (latest year)Rs 34.24
EPS (latest quarter)Rs 9.75
EPS, 3-year averageRs 33.17
EPS, 5-year averageRs 32.45
Book value per shareRs 227.51
Sales per shareRs 430.22
Cash flow per shareRs 35.38
Free cash flow per shareRs 21.43
Dividend per share (latest year)Rs 4.00
Dividend per share, 3-year averageRs 3.67
Dividend per share, 5-year averageRs 3.06
Dividends
Dividend payout11.68%
Dividend payout, 3-year average11.02%
Dividend payout, 5-year average9.54%
Efficiency
Asset turnover1.42x
Fixed asset turnover4.48x
Inventory turnover3.85x
Inventory days95 days
Debtor days47 days
Debtors turnover7.84x
Creditor days59 days
Cash conversion cycle103 days
Working capital days68 days
Leverage
Total debtRs 117 Cr
Cash and bankRs 270 Cr
Net debtRs -153 Cr
Debt to equity0.10x
Net debt / EBITDA-0.52x
Interest coverage24.71x
Current ratio (filing 2026-03-31)3.79x
Quick ratio (filing 2026-03-31)2.41x
Trade payables (filing 2026-03-31)Rs 169 Cr
Owners' fund to total sources77.29%
Debt to assets8.08%
Cash flow
Cash from Operating Activity (latest year)Rs 173 Cr
Cash from Investing Activity (latest year)Rs -103 Cr
Cash from Financing Activity (latest year)Rs -73 Cr
Net Cash Flow (latest year)Rs -3 Cr
Free cash flow (latest year)Rs 105 Cr
FCFE (approx.: FCF + change in debt)Rs 97 Cr
Cash from ops / profit, 5 years0.81x
Sales to cash flow11.81x
Statement figures
Net sales (TTM)Rs 2,108 Cr
Net sales (latest year)Rs 2,047 Cr
Sales (latest quarter)Rs 589 Cr
Operating profit excl. other income (latest year)Rs 271 Cr
Operating profit (latest quarter)Rs 75 Cr
Other income (TTM)Rs 26 Cr
EBITDA (TTM)Rs 293 Cr
PBDT (TTM)Rs 284 Cr
Profit before tax (TTM)Rs 212 Cr
Tax (latest year)Rs 49 Cr
Net profit (TTM)Rs 165 Cr
Net profit (latest year)Rs 168 Cr
Net profit (latest quarter)Rs 48 Cr
Depreciation (TTM)Rs 72 Cr
Depreciation (latest quarter)Rs 19 Cr
Interest (TTM)Rs 9 Cr
Cost of goods sold (latest year)Rs 1,271 Cr
Total expenditure (latest year)Rs 1,776 Cr
Total income (latest year)Rs 2,071 Cr
Share capitalRs 10 Cr
ReservesRs 1,105 Cr
Shareholders' fundsRs 1,115 Cr
Total assetsRs 1,442 Cr
Net blockRs 456 Cr
Capital work in progressRs 1 Cr
InvestmentsRs 13 Cr
ReceivablesRs 261 Cr
InventoryRs 330 Cr
Other liabilitiesRs 211 Cr
Shares outstanding (crore)4.90
Ownership
Promoter holding44.70% (-0.71 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 40.9 is at the 8th percentile of its own 8.4-year range (median 71.2, low 28.7, high 297.3).
P/B 6.06 is at the 11th percentile (median 10.21).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodSAFARINifty 50Difference
1 week-6.9%-2.8% -4.1 pts
1 month-9.9%-6.8% -3.1 pts
3 months-14.8%-7.6% -7.1 pts
6 months-3.6%+0.4% -4.1 pts
1 year-37.8%-9.9% -27.9 pts
2 years-43.4%-13.6% -29.8 pts
3 years-29.6%+14.2% -43.8 pts
5 years+226.2%+27.9% +198.3 pts
66 mutual fund schemes hold about ₹1,480 Cr. Over three months 36 bought more and 10 sold (share counts, price move removed).
FundWeightEst. Cr3m shares
DSP Small Cap Fund0.91%196 +1%
Invesco India Smallcap Fund0.98%155 -5%
ICICI Pru Flexi Cap Fund0.53%137 -3%
Canara Rob Small Cap Fund0.79%116 +6%
Sundaram Small Cap Fund2.35%97 +34%
ICICI Pru Innovation Fund0.73%57 +6%
Mirae Asset Great Consumer Fund1.13%54 +7%
Bajaj Finserv Flexi Cap Fund0.59%48 -0%
Mirae Asset Small Cap Fund0.82%47 -6%
Invesco India Multicap Fund0.99%45 +6%
HSBC ELSS Tax saver Fund0.97%41 +7%
Canara Rob Multi Cap Fund0.69%40 +3%
Invesco India Large & Mid Cap Fund0.27%31 +0%
Bajaj Finserv Small Cap Fund1.16%31 -3%
Sundaram Multi Cap Fund0.98%30 +100%
Invesco India Flexi Cap Fund0.53%30 +3%
HSBC Small Cap Fund0.16%30 -14%
UTI Multi Cap Fund1.10%24 +4%
HSBC Midcap Fund0.12%21 -64%
WOC Flexi Cap Fund0.23%21 -1%
Sundaram Consumption Fund1.33%20 +4%
Mirae Asset Flexi Cap Fund0.44%20 +5%
Quant Small Cap Fund0.05%19 +2%
Motilal Oswal Large Cap Fund0.55%17 +100%
Bajaj Finserv Consumption Fund2.69%17 +20%

Red flags

F-score 8 of 8
No red flags in the latest statements and filings.
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Jun 2026
Sales ₹589 Cr +11.6% vs Jun 2025. Net profit ₹48 Cr -4.0%.

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2026-07-17Dividend - Rs 2 Per Share
2025-11-14Interim Dividend - Rs 2 Per Share
2025-07-18Dividend - Rs 1.50 Per Share
2024-11-19Interim Dividend - Rs 1.50 Per Share
2024-07-12Dividend - Rs 1.50 Per Share
2024-07-12Annual General Meeting
2023-12-12Bonus 1:10.5000
2023-11-10Interim Dividend - Rs 2.50 Per Share
2023-07-14Dividend - Rs 2 Per Share
2023-07-14Annual General Meeting
2023-02-17Interim Dividend - Rs 1.50 Per Share
2022-07-14Dividend - Rs 0.80 Per Share
DateTypeWhat it says
2026-10-01General UpdatesGeneral Updates
2026-09-08General UpdatesGeneral Updates
2026-08-06Shareholder meetingVoting results.
2026-08-04Shareholder meetingProceedings of Annual General Meeting held on August 04, 2026
2026-08-04Board meeting outcomeSafari Industries (India) Limited has submitted to the Exchange, the unaudited financial results for the quarter ended Jun 30, 2026.
2026-08-04Change in ManagementChange in Management
2026-08-03Committee Meeting UpdatesOutcome of Committee Meeting held on August 03, 2026.
2026-08-03General UpdatesGeneral Updates
2026-07-17AppointmentAppointment of Mr. Aditya Bhargava as Other of the company w.e.f. July 17, 2026.
2026-07-10Shareholder meetingNotice of Annual General Meeting to be held on August 04, 2026
2026-06-09General UpdatesGeneral Updates
2026-05-19ResignationResignation of Director/KMP/SMP
2026-05-19Disclosure under SEBI TakeovSudhir Jatia has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India (Substantial Acqu...
2026-05-19Record DateRecord date for the purpose of Dividend is 17-Jul-2026.
2026-05-19Change in ManagementChange in Management
2026-05-19Board meeting outcomeOutcome of Board Meeting held on May 19, 2026.
2026-05-19DividendBoard of Directors at its meeting held on May 19, 2026, recommended Final Dividend of Rs. 2 per equity share.
2026-05-19Board meeting outcomeSafari Industries (India) Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
2026-05-19Committee Meeting UpdatesOutcome of Committee Meeting held on May 19, 2026.
2026-04-24Credit RatingCredit Rating
2026-04-22General UpdatesGeneral Updates
2026-03-19Shareholder meetingShareholders meeting
2026-03-09Concall / analyst meetSchedule of meet
2026-03-05Concall / analyst meetSchedule of meet
2026-02-24Concall / analyst meetSchedule of meet
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.

Quick answers

What is the market cap of Safari Industries (India) Ltd?

Safari Industries (India) Ltd (SAFARI) has a market capitalisation of Rs 7,011 Cr. at the 2026-10-01 close.

What is the P/E ratio of Safari Industries (India) Ltd?

Safari Industries (India) Ltd trades at a P/E of 42.5 on trailing twelve-month profit, at the 2026-10-01 close.

What were Safari Industries (India) Ltd's latest quarterly results?

In the Jun 2026 quarter, Safari Industries (India) Ltd sales was Rs 589 Cr (+11.6% vs Jun 2025) and net profit was Rs 48 Cr.

What is the 52-week high and low of Safari Industries (India) Ltd?

The 52-week high is Rs 2,507.10 and the 52-week low is Rs 1,363.10.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03