Safari Industries (India) Limited (SAFARI) AI Stock Analysis

• Market Cap: ₹103.33B
• Dividend Yield: 0.15%
• Average Volume (3M): 1.45K
• Price to Earnings (P/E): 69.3
• Beta (1Y): 0.27
• Revenue Growth: 17.51%
• EPS Growth: -13.86%
• Country: IN
• Employees: 999
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Apparel - Footwear & Accessories
• EPS (TTM): N/A
• Shares Outstanding: 48,991,077
• 10 Day Avg. Volume: 929
• 30 Day Avg. Volume: 1,453
• PEG Ratio: -3.21
• Price to Book (P/B): 9.98
• Price to Sales (P/S): 5.37
• P/FCF Ratio: -107.94
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: Hold
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 60 Neutral
• Price Target: ₹2,268.00 ▲(10.61% Upside)

Safari Industries has strong financial performance with robust revenue growth and healthy margins. However, liquidity concerns and cash flow challenges need addressing. Technical indicators show neutral momentum, and the high P/E ratio suggests potential overvaluation.

Safari Industries (India) Limited Business Overview & Revenue Model

Company Description

Safari Industries (India) Limited (SAFARI) is a prominent manufacturer and retailer of a wide range of travel and lifestyle products, primarily specializing in luggage, backpacks, and travel accessories. Established in India, the company operates in the consumer goods sector, focusing on producing high-quality, durable, and stylish products that cater to the needs of travelers and outdoor enthusiasts. With a strong brand presence in both domestic and international markets, SAFARI offers a diverse portfolio that includes hard-shell and soft-shell suitcases, duffel bags, and travel organizers.

How the Company Makes Money

Safari Industries generates revenue primarily through the sale of its travel and lifestyle products across various channels, including retail outlets, e-commerce platforms, and wholesale distribution. The company has established a strong distribution network that allows it to reach a wide customer base. Key revenue streams include direct sales from branded stores, partnerships with major retail chains, and online sales through its own website and third-party platforms. Additionally, SAFARI may benefit from seasonal sales and promotional campaigns, which can drive higher sales volumes during peak travel periods. The company also focuses on expanding its product range and enhancing brand visibility, which contributes to customer loyalty and repeat purchases.

Safari Industries (India) Limited Financial Statement Overview

Summary

Safari Industries shows strong revenue growth and healthy margins. The balance sheet is stable with low leverage, but liquidity concerns arise from declining cash reserves and cash flow challenges.

Income Statement

Safari Industries has demonstrated strong revenue growth over the past few years, with a notable increase from 2024 to 2025. The gross profit margin has remained healthy, suggesting efficient cost management. However, the net profit margin has decreased, indicating rising expenses or other financial pressures. EBIT and EBITDA margins are strong, reflecting solid operational performance.

Balance Sheet

The company's balance sheet shows a solid equity position, with a high equity ratio indicating financial stability. The debt-to-equity ratio is relatively low, suggesting manageable leverage. However, there is a significant decrease in cash and short-term investments, which could affect liquidity if not managed carefully.

Cash Flow

The cash flow statement reveals a decline in operating cash flow and negative free cash flow in recent years, which could pressure the company's ability to fund operations and growth internally. The operating cash flow to net income ratio is low, indicating potential cash generation issues. However, the company has managed financing activities to offset some cash flow deficits.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	18.49B	17.72B	15.50B	12.12B	7.04B	3.27B
Gross Profit	8.51B	8.09B	7.28B	5.15B	2.43B	1.30B
EBITDA	2.58B	2.25B	2.91B	2.06B	539.27M	-26.27M
Net Income	1.49B	1.43B	1.76B	1.25B	223.68M	-208.97M
Balance Sheet
Total Assets	0.00	13.19B	11.44B	7.48B	4.68B	3.97B
Cash, Cash Equivalents and Short-Term Investments	2.28B	2.28B	3.67B	866.50M	591.46M	643.01M
Total Debt	0.00	1.25B	1.46B	1.39B	556.09M	408.48M
Total Liabilities	-9.53B	3.66B	3.21B	3.22B	1.67B	1.18B
Stockholders Equity	9.53B	9.53B	8.23B	4.26B	3.01B	2.79B
Cash Flow
Free Cash Flow	0.00	-881.20M	1.06B	3.41M	-283.65M	1.03B
Operating Cash Flow	0.00	573.20M	2.17B	506.46M	156.43M	1.11B
Investing Cash Flow	0.00	-96.60M	-3.45B	-695.46M	333.00M	-976.05M
Financing Cash Flow	0.00	-751.00M	1.64B	196.29M	-140.79M	-103.73M

Safari Industries (India) Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 2050.50
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:SAFARI, the sentiment is Negative. The current price of 2050.5 is below the 20-day moving average (MA) of 2149.23, below the 50-day MA of 2178.12, and below the 200-day MA of 2142.44, indicating a bearish trend. The MACD of -26.09 indicates Positive momentum. The RSI at 35.39 is Neutral, neither overbought nor oversold. The STOCH value of 26.26 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:SAFARI.

Safari Industries (India) Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
KKCL	66 Neutral	₹31.90B	24.56	―	0.39%	28.67%	-20.77%
ARVINDFASN	62 Neutral	₹68.96B	―	―	0.31%	10.72%	-115.52%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
SAFARI	60 Neutral	₹103.33B	69.25	―	0.15%	17.51%	-13.86%
SAPPHIRE	56 Neutral	₹91.61B	-11,976.89	―	―	10.18%	-104.25%
VIPIND	48 Neutral	₹55.55B	―	―	―	-6.53%	-14507.38%