1. India Stocks

  2. •

    Consumer Cyclical

  3. •

    Apparel - Footwear & Accessories
Safari Industries (india) Ltd.

Safari Industries (india) Ltd.

SAFARI.BO
Safari Industries (india) Ltd.IN flagBombay Stock Exchange
1,619.85
INR
-4.55
- -
79.63BMarket Cap
Safari Industries (india) Ltd.
SAFARI.BO
(Bombay Stock Exchange)

Recent

price

1,619.85

P/E

ratio

- -

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
FRC
22.09
20.44
31.11
55.53
59.7
69.15
82.78
97.91
129.31
153.09
73.03
157.07
254.44
324.71
362.75
418.17
418.19
Revenue per Share
0.89
-0.24
-0.21
0.04
1.18
1.93
2.45
5.04
6.1
6.86
-4.67
5
26.34
36.9
29.24
34.27
34.28
Basic EPS, GAAP
0.01
0.29
-2.14
-3.9
-9.87
-7.24
4.54
-14.87
-10.67
11.18
22.98
-6.33
0.07
22.18
-18.04
21.02
- -
Free Cash Flow per Basic Share
0.19
0.28
- -
- -
- -
0.12
0.14
0.23
0.3
0.3
- -
- -
1.12
2.23
2.99
3.49
- -
Dividend per Share
2.74
2.5
2.29
2.33
2.7
4.38
6.56
11.24
16.59
23.12
18.83
23.8
47.71
83.27
107.48
2
2
Book Value per Share
4.53
4.29
4
3.96
20.99
21.52
23.06
39.33
44.3
51.27
62.24
67.11
89.55
172.6
195.01
227.27
227.29
Tangible Book Value per Share
30
30
30
30
36
40
42
43
45
45
45
45
47
48
49
49
49
Basic Weighted Avg Shares
660
611
930
1,660
2,159
2,781
3,435
4,185
5,766
6,841
3,268
7,033
12,084
15,470
17,716
20,470
20,470
Sales/Revenue/Turnover
8.02
5.97
4.78
6.26
5.03
5.96
5.85
8.81
8.1
7.78
-7.74
5.43
13.75
14.65
9.37
9.78
9.79
Operating Margin (%)
4
4
4
13
29
41
51
62
83
225
204
199
333
518
591
706
704
Depreciation Expense
26
-7
-6
1
43
77
102
215
272
307
-209
224
1,251
1,758
1,428
1,678
1,678
Net Income, GAAP
31.13
- -
- -
78.5
26.55
35.16
34.5
36.32
33.6
23.76
- -
23.17
24.21
23.6
23.05
22.46
22.49
Effective Tax Rate (%)
4.01
-1.16
-0.67
0.07
1.97
2.79
2.96
5.15
4.72
4.48
-6.4
3.18
10.35
11.36
8.06
8.2
8.2
Profit Margin (%)
105
97
82
2
561
672
766
1,380
1,629
1,669
1,867
1,986
3,009
5,924
5,921
6,661
6,661
Working Capital
2
5
26
34
1
26
32
20
14
264
249
308
779
884
868
888
888
LT Debt
135
128
122
123
765
916
1,010
1,728
2,006
2,306
2,790
3,010
4,257
8,235
9,535
11,147
11,147
Total Equity
14.81
- -
- -
3.76
8.92
8.22
8.97
12.61
11.64
12.51
- -
8.99
27.77
22.6
12.47
13.41
13.42
Return on Invested Capital (%)
22.53
- -
- -
2.26
11.55
15.46
16.55
26.42
21.09
17.89
- -
18.21
49.65
40.2
25.09
44.95
44.96
Return on Capital (%)
35.58
-9.04
-8.68
1.68
50.94
56.59
45.41
57.23
44.59
34.59
-22.28
23.44
75.09
56.41
30.99
62.75
62.76
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
ST Debt
328
- -
278
LT Borrowings
49
- -
- -
LT Finance Leases
754
- -
888
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
49
- -
49
Market Capitalization
106,600
106,224
70,062

Working Capital

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
Total Current Assets
9,558
- -
9,049
Cash, Cash Equivalents & STI
2,147
- -
2,879
Accounts Receivable, Net
4,077
- -
2,611
Inventories
3,057
- -
3,301
Total Current Liabilities
3,075
- -
2,388
Payables & Accruals
- -
- -
- -
ST Debt
328
- -
278
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
30.88%
35.09%
16.9%
Free Cash Flow
3,157.28%
6,459.84%
-216.8%
Net Income, GAAP
30.52%
58.29%
17.48%
Sales/Revenue/Turnover
29.47%
49.03%
15.55%
Total Cash Common Dividend
- -
- -
16.84%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
4,267
3,700
3,883
3,620
15,470
2025
4,500
4,578
4,427
4,211
17,716
2026
5,278
5,336
5,124
4,733
20,470

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
10.53
8.38
9.02
- -
36.9
2025
9.11
6.07
6.37
7.69
29.24
2026
10.33
9.58
6.72
7.65
34.27

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
2.23
2025
- -
- -
- -
- -
2.99
2026
- -
- -
- -
- -
3.49
Similar Companies
Time Watch Investments Limited (2033.HK)
C.banner International Holdings Limited (1028.HK)
Pou Chen Corporation (9904.TW)
Steven Madden, Ltd. (SHOO)
Namyue Holdings Limited (1058.HK)
ASICS Corporation (ASCCY)
Business
Safari Industries (India) Limited manufactures and markets luggage and luggage accessories in India, with operations focused on injection-m molded and vacuum-formed plastic luggage products. It sells its products under the Safari, Urban Jungle, and Genie brands through company-owned stores, the website, and e-commerce platforms. The company is headquartered in Mumbai and operates production facilities in Mumbai and Halol, Gujarat, with a 1980 founding year. Main products and services include polycarbonate and plastic luggage; hard and soft luggage bags; backpacks and school, laptop, office, college, anti-theft, tech, expandable storage, formal, adventure, and overnighters backpacks; accessories such as sling bags, messenger bags, neck pillows; and duffle bags. Safari Industries also engages in the design, development, manufacturing, and marketing of luggage and related accessories for domestic and international markets, targeting retail consumers and institutional customers. Recent developments include expansion through a greenfield manufacturing facility in Jaipur via its wholly owned subsidiary Safari Manufacturing Limited, formal commissioning in late 2024, and ongoing strategic initiatives to broaden production capacity and product diversification; the company pursues partnerships, potential new product launches, and geographic expansion to strengthen its footprint in the global luggage sector. Foundationally, the business centers on integrated plastic luggage production, brand-led retail distribution, and multi-channel sales to travel and lifestyle segments across India, with growth initiatives aligned to expanding export opportunities and enhanced manufacturing capabilities.