NSE: SAFARI | BSE: 523025

Expensive Underperformer

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2047.40 -8.00 (-0.39%)

25.41% Fall from 52W High

9,529 NSE+BSE Volume

NSE 08 Aug, 2025 3:31 PM (IST)

10,008.9

Market Cap

Market Runner Up

0.3

Beta 1Year

Very Low volatility

Safari Industries (India) Ltd. share price target and research reports

Latest analyst research reports with target prices and PDF download for SAFARI, BSE:523025 Safari Industries (India) Ltd.

Safari Industries (India) Ltd.

25 Oct 2021

2047.40

-0.39%

Safari Industries - A Suitcase full of Goodies

Buy: Safari Industries (India) ...

Monarch Networth Capital Limited

We present an investment idea on Safari Industries with a fair value in the range of Rs 980-1,100. The company has undergone a paradigm shift after Mr Jatia acquired a majority stake and revamped the company's strategy and business operations. Over the years this has led to the company's turnover increasing ~10x and market share improving from a dismal 2% to 18%. Currently, Safari Industries is the single largest brand in terms of sales volume. We believe the company is in a sweet spot to capitalize on growth with economies opening up and massive shift from unbranded/unorganized to branded...

Number of FII/FPI investors increased from 148 to 157 in Jun 2025 qtr.

Safari Industries (India) Ltd.

25 Aug 2021

2047.40

-0.39%

Result Update:Safari Inds.

Buy: Safari Industries (India) ...

Target

Axis Direct

We maintain our BUY rating and value the stock at 45x P/E on its FY24E EPS (premium to its peer) as we expect Safari to report strong growth over FY21-24E. Our revised TP is Rs 900/share (earlier Rs 790/share).

Number of FII/FPI investors increased from 148 to 157 in Jun 2025 qtr.

Safari Industries (India) Ltd.

12 Aug 2021

2047.40

-0.39%

Safari Industries: Q1FY22 Result Review

Buy: Safari Industries (India) ...

IDBI Capital

Safari Industries reported better than expected Q1FY22 result. Its sales/ EBIDTA were significantly above our estimates. Safari Industries' net sales increased by 5x YoY to Rs1,202 mn on a very weak base of Q1FY21. Even EBIDTA improved to Rs71 mn compared to loss in Q1FY21 and interest cost fell 49% YoY to Rs10 mn. Hence, net profit improved to Rs25 mn (loss of Rs193 mn in Q1FY21), but fell 60% QoQ as restriction in travel affected not only top-line but also logistics costs. We raise our FY22/FY23 sales/EBITDA estimate by 23%/17% as we anticipate the improvement in travel and tourism which in turn should lead to higher luggage sales....

Number of FII/FPI investors increased from 148 to 157 in Jun 2025 qtr.

Safari Industries (India) Ltd.

09 Jun 2021, 12:00AM

2047.40

-0.39%

Result Update:Safari Inds.

Buy: Safari Industries (India) ...

Recommendation Target

Axis Direct

We revise our rating to BUY (from HOLD earlier) with a revised TP of Rs 790/share as we value it at PE of 45x on its FY24E

Safari Industries (India) Ltd. is trading below all available SMAs

Safari Industries (India) Ltd.

17 Aug 2020

2047.40

-0.39%

Result Update:Safari Inds.

Hold: Safari Industries (India) ...

Axis Direct

Safari Industries (SAFARI) Q1FY21 result was an all round miss versus our estimates. Q1 which is typically a peak season for the company was adversely hit by the pandemic leading to a revenue decline of 90% YoY tp Rs. 20cr (Rs. 50cr our estimate).

IDBI Capital released a Hold report for Safari Industries (India) Ltd. with a price target of 2180.0 on 06 Aug, 2025.

Safari Industries (India) Ltd.

19 Aug 2019

2047.40

-0.39%

Safari Industries (India) Ltd

Buy: Safari Industries (India) ...

Target

Angel Broking

For 1QFY2020, Safari Industries (SIL) posted Strong Result top-line growth, though it disappointed on bottom-line front. Revenue grew ~29% yoy to `203cr. On the margin front, the company reported operating margin contracted by 364bps yoy. On the bottom-line front, SIL reported de-growth of ~29% yoy to ~`9cr due to cost pressures. Outlook and Valuation: Going

IDBI Capital released a Hold report for Safari Industries (India) Ltd. with a price target of 2180.0 on 06 Aug, 2025.

Safari Industries (India) Ltd.

16 Feb 2019

2047.40

-0.39%

Safari Industries (India) Ltd

Buy: Safari Industries (India) ...

Angel Broking

For 3QFY2019, Safari Industries (SIL) posted Strong Result top-line growth, though it disappointed on bottom-line front. Revenue grew ~39% yoy to `144cr. On the margin front, the company reported operating margin contracted by 444bps yoy. On the bottom-line front, SIL reported de-growth of ~27% yoy to ~`5cr due to cost pressures and higher taxes. Outlook

Safari Industries (I.. has an average target of 2307.00 from 2 brokers.

Safari Industries (India) Ltd.

09 Nov 2018, 12:00AM

2047.40

-0.39%

Result Updates

Buy: Safari Industries (India) ...

Angel Broking

Strong growth in revenue: For Q2FY2019, Safari Industries (Safari) posted a strong yoy growth of 44% in revenue to `127 cr mainly led by volume growth. The company is garnering market share from the unorganized market and seeing good demand in its backpacks and new categories which is driving such strong growth in its top line. Margins we..

Number of FII/FPI investors increased from 148 to 157 in Jun 2025 qtr.

Safari Industries (India) Ltd.

18 Aug 2018

2047.40

-0.39%

Result Updates

Buy: Safari Industries (India) ...

Target

Angel Broking

Robust growth in revenue: For Q1FY2019, Safari Industries (Safari) posted a yoy growth of 49% growth in revenue mainly led by volume growth and low base effect (Q1FY2018 revenue was subdued due to GST impact). The company has reported net revenue of `156 cr which was the highest ever revenue achieved. The company is garnering market share..

Safari Industries (India) Ltd. is trading below all available SMAs

Safari Industries (India) Ltd.

04 Jun 2018

2047.40

-0.39%

Company Updates

Buy: Safari Industries (India) ...

Target

Angel Broking

Robust Q4FY2018 results- For Q4FY2018, Safari Industries (Safari ) posted a growth of 26%/150% yoy growth in revenue/ PAT amid ~543 bps yoy expansion in operating margin expansion. The company is gaining market share especially from the unorganized players and seeing good demand in its backpacks and new categories which is driving such st..

Safari Industries (I.. has an average target of 2307.00 from 2 brokers.

Is Safari Industries (India) Ltd. worth buying?

127 Votes:

Buy 73.23%

Sell 14.17%

Hold 12.6%

RESEARCH REPORTS

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