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Last Updated on: 24 February, 2024|Author: Getaka | Social: X Twitter Profile

Fundamental Analysis of Safari Industries (India) Ltd

About the Company - Safari Industries (India) Ltd

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 like suitcase, bags, holdalls etc.. Company’s Total Operating Revenue is Rs. 705.44 Cr. and Equity Capital is Rs. 4.48 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Packaging & Containers302-303, A Wing, The Qube, Mumbai Maharashtra 400059investor@safari.in
http://www.safaribags.com
Management
NamePosition Held
Mr. Sudhir JatiaChairman & Managing Director
Mr. Punkajj LathDirector
Mr. Dalip SehgalDirector
Mrs. Vijaya SampathDirector
Mr. Rahul KanodiaDirector
Mr. Piyush GoenkaDirector
Mr. Sumeet NagarDirector
Mr. Gaurav SharmaDirector

Safari Industries (India) Ltd. Share Price Update

Share PriceValue
Today₹2,080.65
Previous Day₹2,067.45

Basic Stock Data of Safari Industries (India) Ltd

Market Cap 9,671 Cr.
Current Price 2,033
High / Low2,315/922
Stock P/E56.6
Book Value 108
Dividend Yield0.09 %
ROCE37.5 %
ROE34.4 %
Face Value 2.00

Data Source: screener.in

Competitors of Safari Industries (India) Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Time Technoplast Ltd 4,982 Cr. 220227/69.417.7 1040.55 %13.1 %10.0 % 1.00
Worth Peripherals Ltd 185 Cr. 118137/84.214.0 94.80.82 %19.0 %13.5 % 10.0
XPRO India Ltd 2,451 Cr. 1,1861,274/53468.6 1660.17 %28.4 %26.6 % 10.0
VIP Industries Ltd 7,946 Cr. 560723/51380.6 50.40.80 %27.8 %29.0 % 2.00
Shree Rama Multi-Tech Ltd 394 Cr. 29.535.5/7.1637.9 7.280.00 %7.93 %18.6 % 5.00
Industry Average118.4 Cr185.743.7684.50.47%19.25%19.54%5.6

Safari Industries (India) Ltd Quarterly Results

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales112133120189204193293314303303427370388
Expenses107120113171191176251272248244348307320
Operating Profit513718131742425558796368
OPM %5%10%6%10%6%9%14%13%18%19%19%17%18%
Other Income10222-72333234
Interest1111111232322
Depreciation5545567899131213
Profit before tax083149335354650665257
Tax %-750%26%28%24%24%10%25%25%24%23%24%23%24%
Net Profit162117227263438504043
EPS in Rs0.271.390.552.371.540.545.945.477.278.0310.548.359.02

Safari Industries (India) Ltd Quarterly Chart

Safari Industries (India) Ltd Profit & Loss

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales1612112713444195786863287051,2121,402
Expenses1541982523193775256143346491,0151,146
Operating Profit7121924425372-656197256
OPM %4%6%7%7%10%9%11%-2%8%16%18%
Other Income0-1101113-2910
Interest6334341065810
Depreciation1345682220203344
Profit before tax161216344140-2929165213
Tax %78%27%35%34%36%34%24%28%23%24%
Net Profit04810222731-2122125162
EPS in Rs0.041.061.872.454.846.096.86-4.674.9926.3934.19
Dividend Payout %0%9%6%8%5%4%0%0%8%7%

Safari Industries (India) Ltd Profit & Loss Yearly Chart

Safari Industries (India) Ltd Growth

Compounded Sales Growth
10 Years:%
5 Years:24%
3 Years:21%
TTM:40%
Compounded Profit Growth
10 Years:%
5 Years:42%
3 Years:60%
TTM:133%
Stock Price CAGR
10 Years:52%
5 Years:39%
3 Years:94%
1 Year:125%
Return on Equity
10 Years:%
5 Years:15%
3 Years:15%
Last Year:34%

Safari Industries (India) Ltd Balance Sheet

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital34444444455
Reserves9708797168196226275297421509
Borrowings54335842551041144156139131
Other Liabilities3523275547817177112182220
Total Liabilities102130177198275386416397469747865
Fixed Assets121224233229796796184209
CWIP0001000020011
Investments00000000000
Other Assets90117152174243357336330353563645
Total Assets102130177198275386416397469747865

Safari Industries (India) Ltd Reserves and Borrowings Chart

Safari Industries (India) Ltd Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity -3-32-1324-48-38711111651
Cash from Investing Activity -9-3-15-6-13-7-21-98-4-70
Cash from Financing Activity 123629-205945-50-10-1420
Net Cash Flow-011-2-2-013-21

Safari Industries (India) Ltd Financial Efficiency Indicators

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days727073628589781015951
Inventory Days186174180172199206155223123144
Days Payable1214042876876591388490
Cash Conversion Cycle13720421114721721917418598105
Working Capital Days1021471491161631671341548583
ROCE %12%12%14%20%17%16%-7%13%37%

Safari Industries (India) Ltd Financial Efficiency Indicators Chart

Safari Industries (India) Ltd Share Holding Pattern

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Promoters55.27%50.36%49.90%49.89%50.02%50.01%47.24%47.24%47.24%47.23%46.96%46.88%
FIIs15.75%16.24%17.30%16.28%16.21%15.77%15.14%15.53%15.93%12.30%12.95%13.25%
DIIs5.73%5.54%5.18%6.14%5.88%6.74%12.21%12.01%12.62%17.00%17.51%16.92%
Public23.25%27.86%27.63%27.69%27.89%27.48%25.43%25.23%24.22%23.47%22.59%22.96%
No. of Shareholders12,04112,17614,01114,56714,34613,74115,58114,58315,14824,02331,30741,178

Safari Industries (India) Ltd Shareholding Pattern Chart

No. of Safari Industries (India) Ltd Shareholders

Safari Industries (India) Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)
DSP Small Cap Fund6000002.03265.67
Sundaram Small Cap Fund1675032.5874.17
Invesco India Smallcap Fund1670832.2773.98
HSBC Aggressive Hybrid Fund3575701.3569.77
Invesco India Multicap Fund1517732.3267.2
HSBC Large & Mid Cap Fund3050002.359.52
Sundaram Consumption Fund1232464.0554.57
Invesco India Growth Opportunities Fund1188431.252.62
Invesco India ELSS Tax Saver Fund892401.6939.51
Mahindra Manulife Multi Cap Fund1766691.2934.47

Safari Industries (India) Ltd ROCE Trend

Safari Industries (India) Ltd EPS Trend

Safari Industries (India) Ltd Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue2.002.002.002.002.00
Basic EPS (Rs.)52.769.99-9.3413.7212.20
Diluted EPS (Rs.)52.559.54-9.3413.7112.17
Cash EPS (Rs.)66.8018.87-0.2123.7615.91
Book Value[Excl.RevalReserv]/Share (Rs.)179.54104.0494.23103.1289.84
Book Value[Incl.RevalReserv]/Share (Rs.)179.54104.0494.23103.1289.84
Revenue From Operations / Share (Rs.)511.14315.18146.51306.68258.74
PBDIT / Share (Rs.)87.0128.23-1.1732.6024.08
PBIT / Share (Rs.)72.9719.35-10.3022.5520.36
PBT / Share (Rs.)69.6113.00-12.8817.9818.35
Net Profit / Share (Rs.)52.759.99-9.3313.7112.19
NP After MI And SOA / Share (Rs.)52.759.99-9.3313.7112.19
PBDIT Margin (%)17.028.95-0.8010.629.30
PBIT Margin (%)14.276.13-7.027.357.86
PBT Margin (%)13.614.12-8.795.867.09
Net Profit Margin (%)10.323.16-6.374.474.70
NP After MI And SOA Margin (%)10.323.16-6.374.474.70
Return on Networth / Equity (%)29.389.60-9.9013.2913.56
Return on Capital Employeed (%)34.3113.05-7.5819.6222.49
Return On Assets (%)16.724.77-5.267.377.04
Long Term Debt / Equity (X)0.050.000.010.000.01
Total Debt / Equity (X)0.140.040.020.320.51
Asset Turnover Ratio (%)1.991.630.801.701.72
Current Ratio (X)2.232.453.012.051.88
Quick Ratio (X)1.141.381.781.040.87
Inventory Turnover Ratio (X)1.691.380.410.570.47
Dividend Payout Ratio (NP) (%)4.270.000.000.004.93
Dividend Payout Ratio (CP) (%)3.370.000.000.003.78
Earning Retention Ratio (%)95.730.000.000.0095.07
Cash Earning Retention Ratio (%)96.630.000.000.0096.22
Interest Coverage Ratio (X)25.8912.84-0.457.1412.01
Interest Coverage Ratio (Post Tax) (X)16.707.43-2.614.007.08
Enterprise Value (Cr.)4830.092120.201355.33970.481720.39
EV / Net Operating Revenue (X)3.993.004.131.412.98
EV / EBITDA (X)23.4133.54-515.8813.3132.00
MarketCap / Net Operating Revenue (X)4.013.074.131.312.80
Retention Ratios (%)95.720.000.000.0095.06
Price / BV (X)11.419.316.423.898.07
Price / Net Operating Revenue (X)4.013.074.131.312.80
EarningsYield0.020.01-0.010.030.01

Safari Industries (India) Ltd Profitability Ratios (%)

Safari Industries (India) Ltd Liquidity Ratios

Safari Industries (India) Ltd Liquidity Ratios (%)

Safari Industries (India) Ltd Interest Coverage Ratios (X)

Safari Industries (India) Ltd Valuation Ratios

Fair Value / Intrinsic Value of Safari Industries (India) Ltd

Fair Value: ₹2104.70

The stock is undervalued by 3.53% compared to the current price ₹2033

*Investments are subject to market risks

Strength and Weakness of Safari Industries (India) Ltd

StrengthWeakness
  1. The company has higher reserves (214.09 cr) compared to borrowings (75.18 cr), indicating strong financial stability.
  2. The company has shown consistent growth in sales (336.82 cr) and profit (48.00 cr) over the years.
  1. The stock is trading at a high valuation with an average P/B ratio of 24.99 and average Dividend Yield of 5.72%.
  2. The stock has a low average ROCE of 13.40%, which may not be favorable.
  3. The stock has a high average Working Capital Days of 130.00, which may not be favorable.
  4. The stock has a high average Cash Conversion Cycle of 169.70, which may not be favorable.

Should I Buy Safari Industries (India) Ltd Share Now?

  • Considering various financial indicators, investors might exercise caution regarding investment in Safari Industries (India) Ltd:
    1. Net Profit Margin: 10.32%
      • 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: 34.31% (Industry Average ROCE: 45.09%)
      • 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. Interest Coverage Ratio (Post Tax): 16.70
      • 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.
    4. Quick Ratio: 1.14
      • 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.
    5. ✗ Stock P/E: 58.2 (Industry average Stock P/E: 34.03)
      • 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.
    6. ✓ Total Debt / Equity: 0.14
      • 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 suggests exercising caution. It's advisable to conduct further research or consult with financial experts before considering any investment.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Safari Industries (India) Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE