Skip to content
thestock.space

As of 6 Nov 2026, Safari Industries (India) trades at 39.7× trailing earnings, above the industry P/E of 35.5×, and the shares are 50% below their 52-week high. It earns ROCE of 19% and ROE of 14%, and sales and net profit grew 19% and 10% a year over 3 years. Its dividend yield is 0.3%, and debt is 0.13× equity. It is a small-cap company with a market cap of ₹6,146 Cr, ranked 3rd of 27 Footwear & Accessories companies by market cap; the shares fell 41% over the past year.

As of 6 Nov 2026Prices are delayed about 15 minutes; fundamentals are from the quarter ended Sep 2026.How we calculate this

past year
Open
₹1,225.10
Day high
₹1,265.00
Day low
₹1,200.10
Prev. close
₹1,249.50
Volume
1.1 L

Health check

1 good · 3 fair · 2 to check
  • ReturnsBehind

    −40.6% over a year, better than 0 of 7 peers.

  • Price tagIn line

    P/E 39.7 vs industry 35.5.

  • GrowthStrong

    Sales +19.1%, profit +10.3% a year over 3 years.

  • ProfitabilityAverage

    ROCE 18.6% vs peer median 12.4%.

  • Balance sheetFair

    Debt 0.13× equity, interest covered 26.4×, Piotroski 5 of 9.

  • Red flags2 to check

    Quarterly profit down 21.3% on a year ago.

Compared with 7 industry peers. Computed from reported figures. Educational, not a recommendation.

Footwear & Accessories

26 listed peers. Screen the industry

Small cap

₹6,146 Cr, #3 of 27 in its industry by size.

Market sensitivity

Measuring against the NIFTY 50…

Key metrics

Last 12 months to Sep 2026: sales ₹2,159 Cr · profit ₹155 Cr
Market cap
₹6,146 Cr
Small cap
P/E
39.7
Industry 35.5
Price to book
5.14
Peers 6.00
Dividend yield
0.32%
ROE
13.8%
Peers 8.4%
ROCE
18.6%
Peers 12.4%
Debt to equity
0.13
Debt ₹152 Cr
EPS (TTM)
₹31.63
Face value ₹2
OPM (TTM)
11.7%
Net margin 7.2%
Sales growth
+9.1%
Latest quarter vs a year ago
Profit growth
−21.3%
Latest quarter vs a year ago
Price to sales
2.85
EV/EBITDA 26.6

Strengths and risks

Strengths

  • Positive operating cash flow in each of the last 4 years.

Risks to check

  • Quarterly profit down 21.3% on a year ago.
  • 50% below its 52-week high.

Derived automatically from reported figures. Not a recommendation.

About Safari Industries (India)

Safari Industries (India) Limited engages in the design, manufacturing, trading, and marketing of luggage, backpacks and travel accessories in India. The company offers hard, soft, laptop, and printed trolley bags; laptop, school, office, college, overnighters, adventure, formal, anti-theft, tech, and expandable storage backpacks; and accessories, such as messenger bags, duffle bags, sling bags, and neck pillows, as well as satchel bags. It sells its…

Headquarters
Mumbai
Employees
1,079
Sector
Consumer Cyclical
ISIN
INE429E01023
Website
safaribags.com

Price range

52 weeks

₹1,155.20₹2,507.10

Today

₹1,200.10₹1,265.00
Avg volume (3M)
45.7K
1-year return
minus 40.6%
From 52-week high
minus 50.0%

Analyst consensus

9 analysts
Strong buyMean target ₹1,978.22 plus 57.7%

Target range, with today’s price

Low ₹1,680.00High ₹2,300.00

Today’s price ₹1,254.40 is below the lowest analyst target.

Consensus from Yahoo Finance. Not a recommendation.

Peers · Footwear & Accessories

Compare with peersScreen the whole industry
Company
BATAINDIABata India638.05plus 0.06%8,20154.56.6111.2%10.9%19.7%0.6%−25.4%5.33%minus 40.2%
RELAXORelaxo Footwears292.10plus 0.21%7,27139.23.29–8.4%9.6%−0.9%5.1%1.20%minus 32.7%
SAFARISafari Industries (India)1,254.40plus 0.39%6,14639.75.1418.6%16.2%9.6%19.1%10.3%0.32%minus 40.6%
CAMPUSCampus Activewear197.99minus 1.03%6,05239.36.6720.7%18.1%45.0%6.1%8.6%0.76%minus 27.5%
REDTAPERedtape106.57minus 0.91%5,89123.26.0029.5%26.6%15.1%18.3%19.2%1.88%minus 21.5%
VIPINDVIP Industries239.55minus 4.31%3,403–16.30−50.6%−74.6%−14.7%−3.8%–0.00%minus 38.4%
BILBhartiya International1,071.00minus 2.74%1,43655.82.9112.4%2.9%8.9%18.9%−40.1%0.00%plus 29.5%
SREELSreeleathers272.70plus 1.28%63119.01.27–6.7%14.9%––0.73%plus 19.3%
Median of 7 peers–−0.91%5,89139.26.0012.4%8.4%14.9%3.4%5.1%0.76%−27.5%

Quarterly results

Consolidated, ₹ crore
SalesSelect a row below to chart it
₹ CrSep 25Dec 25Mar 26Jun 26Sep 26
534512473589582
460457411513523
7455.761.875.459.7
13.9%10.9%13.1%12.8%10.3%
5.85.97.17.27.2
2.12.322.52.4
17.617.617.91918.8
60.141.749.161.145.7
21.9%21.2%23.6%21.8%19.1%
46.932.937.547.836.9
9.586.707.659.747.54

Profit & loss

Yearly, ₹ crore
Sales CAGR 3Y
+19.1%
Profit CAGR 3Y
+10.3%
EPS CAGR 3Y
+9.3%
ROE
13.8%
Net profitSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
1,2081,5471,7682,040
–+28.0%+14.3%+15.4%
1,0091,2691,5411,765
199278227275
16.5%18.0%12.8%13.5%
5.89.421.616
898.88.5
33.351.859.170.6
13.14.84.4
165230186216
24.2%23.6%23.0%22.5%
125176143168
–+40.5%minus 18.8%+17.5%
26.2136.7329.1634.24

Forecast

Your assumptions, not a prediction

Balance sheet

At each financial year end, ₹ crore
Total assetsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
4.79.89.89.8
4218149441,105
139146125117
183174241215
7481,1441,3191,446
184293425455
–112.40.3
0–––
86.7367231283
478483651708
7481,1441,3191,446

Cash flow

Yearly, ₹ crore
Cash from operationsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
50.621757.3173
−69.5−345−9.7−103
19.6164−75.1−73
0.736.1−27.4−3.1
−50.3−111−145−70.4
0.3106−88.1103
−5.3−10.6−14.6−17.1

Shareholding pattern

Source: NSE filings
44.7%
promoters
  • Promoters44.70%
  • Public55.30%
  • As of 30 Sep 2026
QuarterSplitPromotersPublicPromoter change
30 Sep 202644.70%55.30%0.00
30 Jun 202644.70%55.30%0.00
31 Mar 202644.70%55.30%0.00
31 Dec 202544.70%55.30%minus 0.21
30 Sep 202544.91%55.09%–

Major shareholders

NSE filing

Filings & events

News

No recent news coverage found.

My notes

Private to you