Safari Industries (India) Ltd: Intrinsic Value & Share Price Analysis

Share Price and Basic Stock Data

Last Updated: February 27, 2026, 9:06 pm

Market Cap	8,793 Cr.
Current Price	1,797
Intrinsic Value	₹2,078.06
High / Low	2,507/1,670
Stock P/E	52.4
Book Value	213
Dividend Yield	0.17 %
ROCE	18.7 %
ROE	15.8 %
Face Value	2.00
PEG Ratio	1.11

Stock P/E, Current Price, and Intrinsic Value Over Time

Stock P/E Current Price Intrinsic Value

View Share Price Target for Safari Industries (India) Ltd

Competitors

Stock Name ⇩	Market Cap ⇩	Current Price ⇩	High / Low ⇩	Stock P/E ⇩	Book Value ⇩	Dividend Yield ⇩	ROCE ⇩	ROE ⇩	Face Value ⇩
Safari Industries (India) Ltd	8,793 Cr.	1,797	2,507/1,670	52.4	213	0.17 %	18.7 %	15.8 %	2.00
Garware Hi Tech Films Ltd	9,815 Cr.	4,214	4,800/2,317	31.9	1,079	0.28 %	20.6 %	15.0 %	10.0
EPL Ltd	6,940 Cr.	217	254/175	16.8	81.9	2.30 %	17.5 %	16.3 %	2.00
VIP Industries Ltd	5,072 Cr.	358	492/248		32.6	0.00 %	1.50 %	12.1 %	2.00
Uflex Ltd	3,499 Cr.	482	686/438	14.6	1,070	0.62 %	7.75 %	3.29 %	10.0
Industry Average	2,041.30 Cr	323.25		39.02	189.00	0.33%	12.76%	24.70%	7.38

All Competitor Stocks of Safari Industries (India) Ltd

Quarterly Result

Metric	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025
Sales	314	303	303	427	370	388	365	450	458	443	421	528	534
Expenses	272	248	244	348	307	320	299	384	410	392	360	449	460
Operating Profit	42	55	58	79	63	68	67	66	48	50	61	79	74
OPM %	13%	18%	19%	19%	17%	18%	18%	15%	10%	11%	14%	15%	14%
Other Income	3	3	3	2	3	4	5	8	7	7	6	6	6
Interest	2	3	2	3	2	2	2	2	2	2	2	2	2
Depreciation	8	9	9	13	12	13	14	14	15	15	15	17	18
Profit before tax	35	46	50	66	52	57	56	58	38	41	49	65	60
Tax %	25%	24%	23%	24%	23%	24%	23%	23%	22%	24%	24%	23%	22%
Net Profit	26	34	38	50	40	43	43	44	30	31	38	50	47
EPS in Rs	5.47	7.27	8.03	10.54	8.35	9.02	8.86	9.11	6.07	6.37	7.69	10.33	9.58

Last Updated: December 29, 2025, 7:35 am

Below is a detailed analysis of the quarterly data for Safari Industries (India) Ltd based on the most recent figures (Sep 2025) and their trends compared to the previous period:

For Sales, as of Sep 2025, the value is 534.00 Cr.. The value appears strong and on an upward trend. It has increased from 528.00 Cr. (Jun 2025) to 534.00 Cr., marking an increase of 6.00 Cr..
For Expenses, as of Sep 2025, the value is 460.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 449.00 Cr. (Jun 2025) to 460.00 Cr., marking an increase of 11.00 Cr..
For Operating Profit, as of Sep 2025, the value is 74.00 Cr.. The value appears to be declining and may need further review. It has decreased from 79.00 Cr. (Jun 2025) to 74.00 Cr., marking a decrease of 5.00 Cr..
For OPM %, as of Sep 2025, the value is 14.00%. The value appears to be declining and may need further review. It has decreased from 15.00% (Jun 2025) to 14.00%, marking a decrease of 1.00%.
For Other Income, as of Sep 2025, the value is 6.00 Cr.. The value remains steady. There is no change compared to the previous period (Jun 2025) which recorded 6.00 Cr..
For Interest, as of Sep 2025, the value is 2.00 Cr.. The value remains steady. There is no change compared to the previous period (Jun 2025) which recorded 2.00 Cr..
For Depreciation, as of Sep 2025, the value is 18.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 17.00 Cr. (Jun 2025) to 18.00 Cr., marking an increase of 1.00 Cr..
For Profit before tax, as of Sep 2025, the value is 60.00 Cr.. The value appears to be declining and may need further review. It has decreased from 65.00 Cr. (Jun 2025) to 60.00 Cr., marking a decrease of 5.00 Cr..
For Tax %, as of Sep 2025, the value is 22.00%. The value appears to be improving (decreasing) as expected. It has decreased from 23.00% (Jun 2025) to 22.00%, marking a decrease of 1.00%.
For Net Profit, as of Sep 2025, the value is 47.00 Cr.. The value appears to be declining and may need further review. It has decreased from 50.00 Cr. (Jun 2025) to 47.00 Cr., marking a decrease of 3.00 Cr..
For EPS in Rs, as of Sep 2025, the value is 9.58. The value appears to be declining and may need further review. It has decreased from 10.33 (Jun 2025) to 9.58, marking a decrease of 0.75.

Overall, while many items appear to show a positive trend, any significant downward movement warrant further investigation.

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 25, 2026, 4:16 pm

Metric	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
Sales	161	211	271	344	419	578	686	328	705	1,212	1,550	1,772	1,995
Expenses	154	198	252	319	377	525	614	334	649	1,015	1,273	1,546	1,725
Operating Profit	7	12	19	24	42	53	72	-6	56	197	278	225	270
OPM %	4%	6%	7%	7%	10%	9%	11%	-2%	8%	16%	18%	13%	14%
Other Income	0	-1	1	0	1	1	1	3	-2	9	14	28	24
Interest	6	3	3	4	3	4	10	6	5	8	10	9	9
Depreciation	1	3	4	5	6	8	22	20	20	33	52	59	68
Profit before tax	1	6	12	16	34	41	40	-29	29	165	230	186	217
Tax %	78%	27%	35%	34%	36%	34%	24%	-28%	23%	24%	24%	23%
Net Profit	0	4	8	10	22	27	31	-21	22	125	176	143	168
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	29.21	34.31
Dividend Payout %	0%	9%	6%	8%	5%	4%	0%	0%	8%	7%	11%	10%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2015-2016	2016-2017	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024	2024-2025
YoY Net Profit Growth (%)	100.00%	25.00%	120.00%	22.73%	14.81%	-167.74%	204.76%	468.18%	40.80%	-18.75%
Change in YoY Net Profit Growth (%)	0.00%	-75.00%	95.00%	-97.27%	-7.91%	-182.56%	372.50%	263.42%	-427.38%	-59.55%

Safari Industries (India) Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 10 years from 2015-2016 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:	24%
5 Years:	21%
3 Years:	36%
TTM:	18%

Compounded Profit Growth
10 Years:	40%
5 Years:	35%
3 Years:	67%
TTM:	-13%

Stock Price CAGR
10 Years:	39%
5 Years:	61%
3 Years:	44%
1 Year:	-13%

Return on Equity
10 Years:	17%
5 Years:	19%
3 Years:	23%
Last Year:	16%

Last Updated: September 5, 2025, 1:15 pm

Balance Sheet

Last Updated: December 4, 2025, 1:54 am

Month	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Sep 2025
Equity Capital	3	4	4	4	4	4	4	4	4	5	10	10	10
Reserves	9	72	87	97	168	196	226	275	297	421	814	944	1,035
Borrowings	54	33	58	42	55	104	114	41	56	139	146	125	113
Other Liabilities	35	20	27	55	47	81	71	77	112	182	173	238	278
Total Liabilities	102	130	177	198	275	386	416	397	469	747	1,143	1,316	1,436
Fixed Assets	12	12	24	23	32	29	79	67	96	184	293	414	433
CWIP	0	0	0	1	0	0	0	0	20	0	1	12	1
Investments	0	0	0	0	0	0	0	0	0	0	149	3	3
Other Assets	90	117	152	174	243	357	336	330	353	563	700	887	998
Total Assets	102	130	177	198	275	386	416	397	469	747	1,143	1,316	1,436

Below is a detailed analysis of the balance sheet data for Safari Industries (India) Ltd based on the most recent figures (Sep 2025) and their trends compared to the previous period:

For Equity Capital, as of Sep 2025, the value is 10.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2025) which recorded 10.00 Cr..
For Reserves, as of Sep 2025, the value is 1,035.00 Cr.. The value appears strong and on an upward trend. It has increased from 944.00 Cr. (Mar 2025) to 1,035.00 Cr., marking an increase of 91.00 Cr..
For Borrowings, as of Sep 2025, the value is 113.00 Cr.. The value appears to be improving (decreasing). Additionally, since Reserves exceed Borrowings, this is considered a positive sign. It has decreased from 125.00 Cr. (Mar 2025) to 113.00 Cr., marking a decrease of 12.00 Cr..
For Other Liabilities, as of Sep 2025, the value is 278.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 238.00 Cr. (Mar 2025) to 278.00 Cr., marking an increase of 40.00 Cr..
For Total Liabilities, as of Sep 2025, the value is 1,436.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 1,316.00 Cr. (Mar 2025) to 1,436.00 Cr., marking an increase of 120.00 Cr..
For Fixed Assets, as of Sep 2025, the value is 433.00 Cr.. The value appears strong and on an upward trend. It has increased from 414.00 Cr. (Mar 2025) to 433.00 Cr., marking an increase of 19.00 Cr..
For CWIP, as of Sep 2025, the value is 1.00 Cr.. The value appears to be declining and may need further review. It has decreased from 12.00 Cr. (Mar 2025) to 1.00 Cr., marking a decrease of 11.00 Cr..
For Investments, as of Sep 2025, the value is 3.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2025) which recorded 3.00 Cr..
For Other Assets, as of Sep 2025, the value is 998.00 Cr.. The value appears strong and on an upward trend. It has increased from 887.00 Cr. (Mar 2025) to 998.00 Cr., marking an increase of 111.00 Cr..
For Total Assets, as of Sep 2025, the value is 1,436.00 Cr.. The value appears strong and on an upward trend. It has increased from 1,316.00 Cr. (Mar 2025) to 1,436.00 Cr., marking an increase of 120.00 Cr..

Notably, the Reserves (1,035.00 Cr.) exceed the Borrowings (113.00 Cr.), indicating a solid financial buffer.

Overall, while many items appear to show a positive trend, any significant downward movement or items where Borrowings exceed Reserves warrant further investigation.

Reserves and Borrowings Chart

Cash Flow

Month	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operating Activity +	-3	-32	-13	24	-48	-38	71	111	16	51	217	57
Cash from Investing Activity +	-9	-3	-15	-6	-13	-7	-21	-98	-4	-70	-345	-10
Cash from Financing Activity +	12	36	29	-20	59	45	-50	-10	-14	20	164	-75
Net Cash Flow	-0	1	1	-2	-2	-0	1	3	-2	1	36	-27

Free Cash Flow

Month	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Free Cash Flow	-47.00	-21.00	-39.00	-18.00	-13.00	-51.00	-42.00	-47.00	0.00	58.00	132.00	100.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

Month	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Debtor Days	72	70	73	62	85	89	78	101	59	51	39	50
Inventory Days	186	174	180	172	199	206	155	223	123	144	124	138
Days Payable	121	40	42	87	68	76	59	138	84	90	70	79
Cash Conversion Cycle	137	204	211	147	217	219	174	185	98	105	93	109
Working Capital Days	-7	90	75	76	118	102	88	136	72	65	53	75
ROCE %		12%	12%	14%	20%	17%	16%	-7%	13%	37%	31%	19%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025
Promoters	47.24%	47.23%	46.96%	46.88%	45.73%	45.73%	45.41%	45.41%	45.41%	45.41%	44.90%	44.70%
FIIs	15.93%	12.30%	12.95%	13.44%	13.14%	12.69%	12.24%	12.26%	13.25%	13.05%	12.30%	12.32%
DIIs	12.62%	17.00%	17.51%	16.75%	20.52%	21.83%	22.73%	23.97%	23.71%	24.68%	26.11%	26.56%
Government	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.01%	0.00%	0.00%	0.00%	0.00%	0.00%
Public	24.22%	23.47%	22.59%	22.91%	20.61%	19.75%	19.60%	18.37%	17.63%	16.86%	16.70%	16.42%
No. of Shareholders	15,148	24,023	31,307	45,251	35,078	32,050	45,148	42,218	38,387	36,080	36,628	35,017

Shareholding Pattern Chart

No. of Shareholders

Safari Industries (India) Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

Mutual Fund Holdings

Fund Name	No of Shares	AUM (%)	Amount Invested (Cr)	Previous Number of Shares	Previous Date	Percentage Change
DSP Small Cap Fund	1,300,000	1.64	264.15	600,000	2025-12-07 00:37:56	116.67%
ICICI Prudential Flexicap Fund	824,035	0.85	167.44	802,824	2026-02-23 01:09:00	2.64%
HSBC Midcap Fund	808,700	1.35	164.32	N/A	N/A	N/A
Canara Robeco Small Cap Fund	661,830	1.06	134.48	599,696	2026-01-25 00:16:11	10.36%
Invesco India Smallcap Fund	493,507	1.11	100.28	430,728	2026-02-23 02:58:46	14.58%
Sundaram Small Cap Fund	431,921	2.67	87.76	167,503	2025-12-08 07:53:01	157.86%
Mirae Asset Great Consumer Fund	355,422	1.65	72.22	352,588	2026-02-23 02:58:46	0.8%
HSBC Large & Mid Cap Fund	345,992	1.53	70.3	305,000	2025-12-07 17:38:31	13.44%
HSBC Aggressive Hybrid Fund	324,428	1.21	65.92	357,570	2025-12-07 14:52:17	-9.27%
Invesco India Multicap Fund	296,268	1.53	60.2	151,773	2025-12-08 07:06:10	95.2%

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 25	Mar 24	Mar 23	Mar 22	Mar 21
FaceValue	2.00	2.00	2.00	2.00	2.00
Basic EPS (Rs.)	29.24	36.90	52.76	9.99	-9.34
Diluted EPS (Rs.)	29.16	36.73	52.55	9.54	-9.34
Cash EPS (Rs.)	41.28	46.69	66.80	18.87	-0.21
Book Value[Excl.RevalReserv]/Share (Rs.)	194.99	168.92	179.54	104.04	94.23
Book Value[Incl.RevalReserv]/Share (Rs.)	194.99	168.92	179.54	104.04	94.23
Revenue From Operations / Share (Rs.)	362.29	318.03	511.14	315.18	146.51
PBDIT / Share (Rs.)	51.83	59.78	87.01	28.23	-1.17
PBIT / Share (Rs.)	39.76	49.15	72.97	19.35	-10.30
PBT / Share (Rs.)	37.95	47.20	69.61	13.00	-12.88
Net Profit / Share (Rs.)	29.20	36.06	52.75	9.99	-9.33
NP After MI And SOA / Share (Rs.)	29.20	36.06	52.75	9.99	-9.33
PBDIT Margin (%)	14.30	18.79	17.02	8.95	-0.80
PBIT Margin (%)	10.97	15.45	14.27	6.13	-7.02
PBT Margin (%)	10.47	14.84	13.61	4.12	-8.79
Net Profit Margin (%)	8.06	11.33	10.32	3.16	-6.37
NP After MI And SOA Margin (%)	8.06	11.33	10.32	3.16	-6.37
Return on Networth / Equity (%)	14.97	21.34	29.38	9.60	-9.90
Return on Capital Employeed (%)	18.63	26.24	34.31	13.05	-7.58
Return On Assets (%)	10.82	15.36	16.72	4.77	-5.26
Long Term Debt / Equity (X)	0.01	0.01	0.05	0.00	0.01
Total Debt / Equity (X)	0.02	0.05	0.14	0.04	0.02
Asset Turnover Ratio (%)	1.44	1.64	1.99	1.63	0.80
Current Ratio (X)	3.15	3.56	2.23	2.45	3.01
Quick Ratio (X)	1.88	2.40	1.14	1.38	1.78
Inventory Turnover Ratio (X)	5.72	1.72	1.69	1.38	0.41
Dividend Payout Ratio (NP) (%)	10.25	6.08	4.27	0.00	0.00
Dividend Payout Ratio (CP) (%)	7.25	4.69	3.37	0.00	0.00
Earning Retention Ratio (%)	89.75	93.92	95.73	0.00	0.00
Cash Earning Retention Ratio (%)	92.75	95.31	96.63	0.00	0.00
Interest Coverage Ratio (X)	28.67	30.67	25.89	12.84	-0.45
Interest Coverage Ratio (Post Tax) (X)	17.15	19.51	16.70	7.43	-2.61
Enterprise Value (Cr.)	9464.50	8236.98	4830.09	2120.20	1355.33
EV / Net Operating Revenue (X)	5.34	5.31	3.99	3.00	4.13
EV / EBITDA (X)	37.34	28.27	23.41	33.54	-515.88
MarketCap / Net Operating Revenue (X)	5.46	5.43	4.01	3.07	4.13
Retention Ratios (%)	89.74	93.91	95.72	0.00	0.00
Price / BV (X)	10.14	10.22	11.41	9.31	6.42
Price / Net Operating Revenue (X)	5.46	5.43	4.01	3.07	4.13
EarningsYield	0.01	0.02	0.02	0.01	-0.01

After reviewing the key financial ratios for Safari Industries (India) Ltd, here is a detailed analysis based on the latest available data and recent trends:

For FaceValue, as of Mar 25, the value is 2.00. This value is within the healthy range. There is no change compared to the previous period (Mar 24) which recorded 2.00.
For Basic EPS (Rs.), as of Mar 25, the value is 29.24. This value is within the healthy range. It has decreased from 36.90 (Mar 24) to 29.24, marking a decrease of 7.66.
For Diluted EPS (Rs.), as of Mar 25, the value is 29.16. This value is within the healthy range. It has decreased from 36.73 (Mar 24) to 29.16, marking a decrease of 7.57.
For Cash EPS (Rs.), as of Mar 25, the value is 41.28. This value is within the healthy range. It has decreased from 46.69 (Mar 24) to 41.28, marking a decrease of 5.41.
For Book Value[Excl.RevalReserv]/Share (Rs.), as of Mar 25, the value is 194.99. It has increased from 168.92 (Mar 24) to 194.99, marking an increase of 26.07.
For Book Value[Incl.RevalReserv]/Share (Rs.), as of Mar 25, the value is 194.99. It has increased from 168.92 (Mar 24) to 194.99, marking an increase of 26.07.
For Revenue From Operations / Share (Rs.), as of Mar 25, the value is 362.29. It has increased from 318.03 (Mar 24) to 362.29, marking an increase of 44.26.
For PBDIT / Share (Rs.), as of Mar 25, the value is 51.83. This value is within the healthy range. It has decreased from 59.78 (Mar 24) to 51.83, marking a decrease of 7.95.
For PBIT / Share (Rs.), as of Mar 25, the value is 39.76. This value is within the healthy range. It has decreased from 49.15 (Mar 24) to 39.76, marking a decrease of 9.39.
For PBT / Share (Rs.), as of Mar 25, the value is 37.95. This value is within the healthy range. It has decreased from 47.20 (Mar 24) to 37.95, marking a decrease of 9.25.
For Net Profit / Share (Rs.), as of Mar 25, the value is 29.20. This value is within the healthy range. It has decreased from 36.06 (Mar 24) to 29.20, marking a decrease of 6.86.
For NP After MI And SOA / Share (Rs.), as of Mar 25, the value is 29.20. This value is within the healthy range. It has decreased from 36.06 (Mar 24) to 29.20, marking a decrease of 6.86.
For PBDIT Margin (%), as of Mar 25, the value is 14.30. This value is within the healthy range. It has decreased from 18.79 (Mar 24) to 14.30, marking a decrease of 4.49.
For PBIT Margin (%), as of Mar 25, the value is 10.97. This value is within the healthy range. It has decreased from 15.45 (Mar 24) to 10.97, marking a decrease of 4.48.
For PBT Margin (%), as of Mar 25, the value is 10.47. This value is within the healthy range. It has decreased from 14.84 (Mar 24) to 10.47, marking a decrease of 4.37.
For Net Profit Margin (%), as of Mar 25, the value is 8.06. This value is within the healthy range. It has decreased from 11.33 (Mar 24) to 8.06, marking a decrease of 3.27.
For NP After MI And SOA Margin (%), as of Mar 25, the value is 8.06. This value is within the healthy range. It has decreased from 11.33 (Mar 24) to 8.06, marking a decrease of 3.27.
For Return on Networth / Equity (%), as of Mar 25, the value is 14.97. This value is below the healthy minimum of 15. It has decreased from 21.34 (Mar 24) to 14.97, marking a decrease of 6.37.
For Return on Capital Employeed (%), as of Mar 25, the value is 18.63. This value is within the healthy range. It has decreased from 26.24 (Mar 24) to 18.63, marking a decrease of 7.61.
For Return On Assets (%), as of Mar 25, the value is 10.82. This value is within the healthy range. It has decreased from 15.36 (Mar 24) to 10.82, marking a decrease of 4.54.
For Long Term Debt / Equity (X), as of Mar 25, the value is 0.01. This value is below the healthy minimum of 0.2. There is no change compared to the previous period (Mar 24) which recorded 0.01.
For Total Debt / Equity (X), as of Mar 25, the value is 0.02. This value is within the healthy range. It has decreased from 0.05 (Mar 24) to 0.02, marking a decrease of 0.03.
For Asset Turnover Ratio (%), as of Mar 25, the value is 1.44. It has decreased from 1.64 (Mar 24) to 1.44, marking a decrease of 0.20.
For Current Ratio (X), as of Mar 25, the value is 3.15. This value exceeds the healthy maximum of 3. It has decreased from 3.56 (Mar 24) to 3.15, marking a decrease of 0.41.
For Quick Ratio (X), as of Mar 25, the value is 1.88. This value is within the healthy range. It has decreased from 2.40 (Mar 24) to 1.88, marking a decrease of 0.52.
For Inventory Turnover Ratio (X), as of Mar 25, the value is 5.72. This value is within the healthy range. It has increased from 1.72 (Mar 24) to 5.72, marking an increase of 4.00.
For Dividend Payout Ratio (NP) (%), as of Mar 25, the value is 10.25. This value is below the healthy minimum of 20. It has increased from 6.08 (Mar 24) to 10.25, marking an increase of 4.17.
For Dividend Payout Ratio (CP) (%), as of Mar 25, the value is 7.25. This value is below the healthy minimum of 20. It has increased from 4.69 (Mar 24) to 7.25, marking an increase of 2.56.
For Earning Retention Ratio (%), as of Mar 25, the value is 89.75. This value exceeds the healthy maximum of 70. It has decreased from 93.92 (Mar 24) to 89.75, marking a decrease of 4.17.
For Cash Earning Retention Ratio (%), as of Mar 25, the value is 92.75. This value exceeds the healthy maximum of 70. It has decreased from 95.31 (Mar 24) to 92.75, marking a decrease of 2.56.
For Interest Coverage Ratio (X), as of Mar 25, the value is 28.67. This value is within the healthy range. It has decreased from 30.67 (Mar 24) to 28.67, marking a decrease of 2.00.
For Interest Coverage Ratio (Post Tax) (X), as of Mar 25, the value is 17.15. This value is within the healthy range. It has decreased from 19.51 (Mar 24) to 17.15, marking a decrease of 2.36.
For Enterprise Value (Cr.), as of Mar 25, the value is 9,464.50. It has increased from 8,236.98 (Mar 24) to 9,464.50, marking an increase of 1,227.52.
For EV / Net Operating Revenue (X), as of Mar 25, the value is 5.34. This value exceeds the healthy maximum of 3. It has increased from 5.31 (Mar 24) to 5.34, marking an increase of 0.03.
For EV / EBITDA (X), as of Mar 25, the value is 37.34. This value exceeds the healthy maximum of 15. It has increased from 28.27 (Mar 24) to 37.34, marking an increase of 9.07.
For MarketCap / Net Operating Revenue (X), as of Mar 25, the value is 5.46. This value exceeds the healthy maximum of 3. It has increased from 5.43 (Mar 24) to 5.46, marking an increase of 0.03.
For Retention Ratios (%), as of Mar 25, the value is 89.74. This value exceeds the healthy maximum of 70. It has decreased from 93.91 (Mar 24) to 89.74, marking a decrease of 4.17.
For Price / BV (X), as of Mar 25, the value is 10.14. This value exceeds the healthy maximum of 3. It has decreased from 10.22 (Mar 24) to 10.14, marking a decrease of 0.08.
For Price / Net Operating Revenue (X), as of Mar 25, the value is 5.46. This value exceeds the healthy maximum of 3. It has increased from 5.43 (Mar 24) to 5.46, marking an increase of 0.03.
For EarningsYield, as of Mar 25, the value is 0.01. This value is below the healthy minimum of 5. It has decreased from 0.02 (Mar 24) to 0.01, marking a decrease of 0.01.

Overall, while many metrics show healthy performance, any figures highlighted in red or significant downward trends warrant further investigation.

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Safari Industries (India) Ltd as of March 2, 2026 is: ₹1,413.17

Calculation basis:

Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of March 2, 2026, Safari Industries (India) Ltd is Overvalued by 21.36% compared to the current share price ₹1,797.00

Intrinsic Value of Safari Industries (India) Ltd as of March 2, 2026 is: ₹2,078.06

Calculation basis:

Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of March 2, 2026, Safari Industries (India) Ltd is Undervalued by 15.64% compared to the current share price ₹1,797.00

Last 5 Year EPS CAGR: 47.05%

*Investments are subject to market risks

Strength and Weakness

Strength	Weakness
The stock has a high average ROCE of 15.33%, which is a positive sign. The company has higher reserves (357.00 cr) compared to borrowings (83.08 cr), indicating strong financial stability. The company has shown consistent growth in sales (285.15 cr) and profit (72.92 cr) over the years.	The stock has a high average Working Capital Days of 78.58, which may not be favorable. The stock has a high average Cash Conversion Cycle of 158.25, which may not be favorable.

Stock Analysis

Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Safari Industries (India) Ltd:
1. Net Profit Margin: 8.06%
  - Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
2. ROCE: 18.63% (Industry Average ROCE: 12.76%)
  - ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
3. ROE%: 14.97% (Industry Average ROE: 24.7%)
  - ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
4. Interest Coverage Ratio (Post Tax): 17.15
  - Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
5. Quick Ratio: 1.88
  - Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
6. Stock P/E: 52.4 (Industry average Stock P/E: 39.02)
  - Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
7. Total Debt / Equity: 0.02
  - Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
Stock Rating:

About the Company - Qualitative Analysis

Safari Industries (India) Ltd. is a Public Limited Listed company incorporated on 08/07/1980 and has its registered office in the State of Maharashtra, India. Company's Corporate Identification Number(CIN) is L25200MH1980PLC022812 and registration number is 022812. Currently Company is involved in the business activities of Manufacture of travel goods of plastics (suitcase, vanity bags, holdalls and similar articles). Company's Total Operating Revenue is Rs. 1769.66 Cr. and Equity Capital is Rs. 9.78 Cr. for the Year ended 31/03/2025.

INDUSTRY	ADDRESS	CONTACT
Packaging & Containers	302-303, A Wing, The Qube, Mumbai Maharashtra 400059	Contact not found

Management
Name	Position Held
Mr. Sudhir Jatia	Chairman & Managing Director
Mrs. Vijaya Sampath	Director
Mr. Rahul Kanodia	Director
Mr. Piyush Goenka	Director
Mr. Sumeet Nagar	Director
Mr. Sridhar Balakrishnan	Director
Mr. Aseem Dhru	Director
Mr. Sanjiv Kakkar	Director

FAQ

What is the intrinsic value of Safari Industries (India) Ltd?

Safari Industries (India) Ltd's intrinsic value (as of 02 March 2026) is ₹2078.06 which is 15.64% higher the current market price of ₹1,797.00, indicating undervalued. Calculated using the PE ratio method, this valuation considers the company's ₹8,793 Cr. market cap, FY2025-2026 high/low of ₹2,507/1,670, reserves of ₹1,035 Cr, and liabilities of ₹1,436 Cr.

What is the Market Cap of Safari Industries (India) Ltd?

The Market Cap of Safari Industries (India) Ltd is 8,793 Cr..

What is the current Stock Price of Safari Industries (India) Ltd as on 02 March 2026?

The current stock price of Safari Industries (India) Ltd as on 02 March 2026 is ₹1,797.

What is the High / Low of Safari Industries (India) Ltd stocks in FY 2025-2026?

In FY 2025-2026, the High / Low of Safari Industries (India) Ltd stocks is ₹2,507/1,670.

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

The Stock P/E of Safari Industries (India) Ltd is 52.4.

What is the Book Value of Safari Industries (India) Ltd?

The Book Value of Safari Industries (India) Ltd is 213.

What is the Dividend Yield of Safari Industries (India) Ltd?

The Dividend Yield of Safari Industries (India) Ltd is 0.17 %.

What is the ROCE of Safari Industries (India) Ltd?

The ROCE of Safari Industries (India) Ltd is 18.7 %.

What is the ROE of Safari Industries (India) Ltd?

The ROE of Safari Industries (India) Ltd is 15.8 %.

What is the Face Value of Safari Industries (India) Ltd?

The Face Value of Safari Industries (India) Ltd is 2.00.