Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 1 Oct - Newspaper Publication for Opening of Special Window for transfer of shares.
Source: Bse
Safari Industries (India) Limited (SAFARI)
Micro CapConsumer stocks · Micro cap · NSE
Safari Industries (India) Limited operates in Luggage, within the Consumer sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers.
Data qualityFresh enough for analysisQuote updated 21 Oct, 03:31 pm ISTDetails
Quote21 Oct, 03:31 pm IST
Base fundamentals14 Oct 2026 · screener
Latest result04 Aug, 07:53 pm IST
Score21 Oct, 04:30 am IST · v4.3-runtime-valuation
Tags02 May 2026
Coverage14/14 · 100%
Valuation2026-07-20 · Rf 6.8% · Consumer P/E 22.2 (n=441)
Technical timing lens
Trend score and candlestick chart
27Bearishfull bear SMA stack · SMA20 -9.7% / mo · MACD + · near 52W low · sector -4.6pp vs Nifty 500 (3M)
Stock trend: 24
Sector RS: 31
Sector 3M: -10.2% vs Nifty 500 -5.6%
Consumer FPI tailwindNot confirmed
Latest mapped FPI equity flow was not positive. View sector evidence
Technical chart
SAFARID candles · FIT view-11.4%Latest close ₹1304.60 on 2026-10-21
Bar
-0.8%
RSI
32
MACD hist
0.19
52W pos
2%
2026-10-21O ₹1315.00H ₹1327.20L ₹1282.10C ₹1304.60Vol 44,102 sh
Up bar
Down bar
EMA 20
EMA 50
Volume + 20D avg
Result date
RSI(14)
MACD / signal
Market context
Relative performance and chart statistics
Adjusted completed-session prices, rebased to 100
SAFARINifty Consumer DurablesNifty 500
- SAFARI
- -19.2%
- Nifty 500
- -6.5%
- Nifty Consumer Durables
- -11.0%
- Vs Nifty 500
- -12.7 pp
Chart stats
21 Oct 2026- From 52W high
- -48.0%
- 52W range position
- 2%
- ATR (14)
- 3.5%
- Volume vs 20D
- 1.27x
- Avg traded value
- ₹4.9 Cr
- 20D price channel
- ₹1,280 - ₹1,517.4
₹2,507.1
₹1,280 - ₹2,507.1
₹45.4
Latest completed session
20-session average
27.5% annualized volatility
Research snapshot
What the evidence says now
Mixed fundamentals, management evidence is still limited to a financial-only Trust Lite signal, price trend argues for patience, and recent execution is mixed.
Suggested next step
Research, do not rush
The evidence is not strongly aligned. Compare peers and wait for a cleaner setup.
U-Score
Legacy · FAIR VALUE52
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
Latest result
Bad0
Revenue +11.6% · PAT -4.0% YoY
Technical
Bearish27
Price trend and sector-relative-strength timing.
Valuation
Legacy model-16.3%
Legacy margin-of-safety estimate; the revised evidence label remains in shadow validation.
Trust
Limited evidence75
Financial-only signal; management claim evidence is not sufficient yet.
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Latest result
Quarter ended 30 Jun 2026
Bad · 0/100PAT -4% YoY · margin compression · Rev +12% YoY · +25% QoQ
Filed 04 Aug 2026
Open results browser →| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹589 Cr | +11.6% | +24.5% |
| EBITDA | ₹75 Cr | -5.1% | +21.0% |
| Operating margin | 13.0% | -200 bps | +0 bps |
| PAT | ₹48 Cr | -4.0% | +29.7% |
| PAT margin | 8.2% | -132 bps | +33 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Fundamentals
Valuation
- P/E
- 39.30
- P/B
- 5.82
- EV/EBITDA
- 19.49
- Market Cap
- 6490.00Cr
Profitability
- ROE
- 15.90%
- ROCE
- 19.30%
- ROA
- 11.44%
- Dividend Y
- 0.30%
Growth (CAGR)
- Revenue 5Y
- 44.00%
- EPS 5Y
- 59.00%
- Revenue 3Y
- 19.00%
- EPS 3Y
- 10.00%
Balance Sheet
- Debt/Equity
- 0.10
- Interest Coverage
- 29.67×
- Altman Z
- 9.42
- Book Value
- 228.00
Cash Flow
- FCF Yield
- 1.08%
- FCF Positive Y
- 6/5
- OCF
- 173.00 Cr
- EPS TTM
- 33.69
Shareholding
- Promoter Hold
- 44.70%
- Promoter Pledge
- 0.00%
- Momentum 52W
- 4%
Financial History
Updated 21/10/2026
Revenue
₹ CrLatest: 589+24.5% vs prev
Net Profit
₹ CrLatest: 48.0+29.7% vs prev
ROE is shown only in the Annual view — quarterly equity data isn't published.
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Daily technical trend read
Mixed signalsSignals are conflicting — long-term trend down. RSI 32. Wait for confirmation.
- Price < SMA20 < SMA50 < SMA200 — full bearish stack.
- SMA20 falling (~10.7% over last month) — short-term momentum negative.
- RSI(14) at 32 — rising, no extreme reading.
- MACD above signal but histogram contracting — bullish momentum cooling.
- Within 5% of 52-week low — testing support.
Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.
Nifty 500 leadership
Relative Strength & Trend Stage
21
RS percentile
Stage 4 Downtrend
1M return
-12.2%
3M return
-19.2%
6M return
-12.9%
1Y return
-39.6%
RS 1D
+2
RS 20D
-1
Sector rank
#8
Industry rank
#57
Stage evidence
- Price is 13.9% below the 30-week proxy.
- The 50-DMA is below the 30-week proxy and its slope is falling -2.7%.
- Both 3-month and 6-month returns are negative.
50-DMA
price below
200-DMA
price below
Sector
neutral
Industry
improving
Relative-strength line vs Nifty 500 (base 100)
262 observations
21 Oct 2026Value 62.11-0.45%
RS vs Nifty 50062
Valuation & peers
U-Score 52 · legacy U-Score band FAIR VALUE · valuation evidence and comparable companies
Valuation & peers
U-Score 52 · legacy U-Score band FAIR VALUE · valuation evidence and comparable companies
Financial Turnaround
Fundamental score breakdown
U band · FAIR VALUEValuation0/30
Growth18/25
Quality12/20
Balance Sheet9/15
Cash Flow7/10
Piotroski
8/9 (+5)
Penalties
1
Raw sum
52
Why this score?
Top U-Score contributors and drags from the latest stored fundamentals.
52/100 · legacy band FAIR VALUE
Positive drivers
- Piotroski is strong at 8/9.
- Growth contributes 18/25 to the score.
- Cash flow contributes 7/10 to the score.
Main drags
- Fair-value margin of safety is negative at -16.3%.
- Valuation is weaker at 0/30; verify the latest quarterly trend.
- Quality is weaker at 12/20; verify the latest quarterly trend.
Sector valuation model
Consumer valuation: PE/PEG and brand-quality premium
Consumer franchises can deserve higher multiples, but only when growth quality supports them.
Primary lens
PE and PEG relative to growth, ROE, margins, and brand strength.
Secondary checks
Volume growth, pricing power, distribution, same-store or category growth.
Main risk check
Premium valuation needs durable growth and margin resilience.
PE
39.3
PB
5.8
EV/EBITDA
19.5
ROE
15.9%
ROCE
19.3%
FCF Yield
1.1%
Debt/Equity
0.1
MoS
-16.3%
Score movement
Stored run vs live recompute
This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.
Stored run: 21 Oct 2026
v4.3-runtime-valuation
Final score
52
Previous: 52
Legacy U-Score band
FAIR VALUE
Previous: FAIR VALUE
Margin of safety
-16.3%
Previous: -17.9%
Score history
12 stored score snapshots. Latest stored move: +0 points.
21 Oct 2026
v4.3-runtime-valuation
54
54
54
54
52
52
52
52
52
52
52
52
Factor attribution
No pillar movement versus the latest stored run. Historical score trend will appear after snapshot storage is enabled.
Modelled fair value
Graham Number
₹415.73
-213.8% MoS
Growth-justified P/E
33.3
Growth-justified Value
₹1,121.88
-16.3% MoS
PEG
1.00
Comparable companies
Peers
Business-comparable peers in Consumer — ranked by industry, sub-sector, theme-tag overlap, market cap, and U-Score similarity. Green cells mark the best available peer metric in this table.
Ticker
Name
Why peer
Score
PE
ROE
MoS
Verdict
EUREKAFORB
Micro
Eureka Forbes Limited
Consumer Durables
match 60
38
33.0
4.3%
-6%
WATCHLIST
SFL
Micro
Sheela Foam Limited
Consumer Durables
match 60
28
33.1
4.8%
-625%
OVERVALUED
IFBIND
Micro
IFB Industries Limited
Consumer Durables
match 59
59
28.6
15.7%
+16%
FAIR VALUE
CELLO
Micro
Cello World Limited
Consumer Durables
match 58
38
26.7
13.2%
+22%
WATCHLIST
BAJAJELEC
Micro
Bajaj Electricals Limited
Consumer Durables
match 55
22
—
-0.7%
—
OVERVALUED
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business and thesis
Issuer presentation review pending
Safari Industries (India) Limited operates in Luggage, within the Consumer sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers. The structured result feed currently covers the quarter ended 30 Jun 2026. Investor presentations and earnings-call PDFs will be added as issuer-backed evidence before management claims appear here.
Trust Score
75Limited evidence · low confidenceTrust Lite
Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.
Limited evidence: Claim history is still being built. It ranks around the 78th percentile of the scored universe and 81st percentile within Consumer. Main check: financial discipline is weak at 50/100.
This is a financial-behaviour screen, not a claim-tested management reliability verdict.
Computed 05 Sept 2026
management-trust-v1
6 docs text-extracted · 0 concalls text-extracted
Score band
Limited evidence
Financial behaviour is scored, but management claims do not yet have enough outcome checks.
Relative rank
78th percentile
overall median 67 · Consumer: 81st pctile, median 66 · Micro: 60th pctile, median 73
Evidence depth
Financial-only
6 documents have extracted text, but claim history is not strong enough yet.
Claim delivery
Outcome history still building
0 claims extracted · No contradicted claim yet
How to read this Trust Score
Limited evidence · low confidenceWhat it measures
Reliability of management and financial delivery, using financial behaviour only.
Confidence
Treat this as an early read until more concalls and outcomes are matched.
Investor use
Can support position sizing if valuation and trend also agree.
Read Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.
Forensic breakdown
Read low sub-scores as due-diligence warnings, not automatic sell signals.
Promoter
78
strong · holding, pledge, alignment
Cash flow
77
strong · profit to cash conversion
Balance sheet
96
strong · leverage and solvency
Discipline
50
watch · capital discipline
Results
70
acceptable · quarterly consistency
Trust positives
- ▸Promoter pledge is zero.
- ▸FCF yield is positive at 0.9%.
- ▸6 years of positive FCF.
- ▸Debt/equity is 0.10.
Trust risks
- ▸ROCE trend is -3.7%.
- ▸2 older quarters in the 8-quarter window had PAT decline worse than 25% YoY.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Continue researching Safari Industries (India) Limited
Important announcements & filings
Latest exchange and company disclosures found within the past two years.
Open source ↗
AnnouncementAug 2026
Aug 2026 · Announcement under Regulation 30 (LODR)-Change in Management 4 Aug - Safari approved Q1 FY27 results and appointed Aditya Bhargava CFO effective 4 Aug 2026.
Source: Bse
Annual reportAug 2026
Aug 2026 · Business Responsibility and Sustainability Reporting (BRSR) 10 Jul - 46th AGM on 4 August 2026; annual report released; final dividend of ₹2 per share proposed.
Source: Bse
Annual reportAug 2026
Aug 2026 · Notice Of 46Th Annual General Meeting Of The Company. 10 Jul - 46th AGM on 4 Aug 2026; FY26 annual report, Rs 2 final dividend, and two director reappointments.
Source: Bse
Annual reportAug 2026
Aug 2026 · Reg. 34 (1) Annual Report. 10 Jul - 46th AGM on 4 August 2026; annual report issued, final dividend ₹2/share and two independent director reappointments proposed.
Source: Bse
AnnouncementJul 2026
Jul 2026 · Announcement under Regulation 30 (LODR)-Change in Management 17 Jul - Aditya Bhargava appointed Vice President-Finance & Accounts, effective 17 July 2026.
Source: Bse
AnnouncementJul 2026
Jul 2026 · Intimation Of Record Date Pursuant To Regulation 42 Of The SEBI (LODR) Regulations, 2015 19 May - Safari recommends Rs 2 final dividend for FY26; record date set for 17 July 2026.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 11 Jul - Enclosed is the Newspaper Publication for Notice of AGM.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 9 Jul - Attached herewith is the Newspaper Publication for Convening of AGM through Video Conferencing.
Source: Bse
AnnouncementJun 2026
Jun 2026 · Announcement under Regulation 30 (LODR)-Newspaper Publication 5 Aug - Enclosed is the Newspaper Publication for the Unaudited Financials Results for the Quarter ended 30th June 2026.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 2 Jun - Disclosure under Regulation 30 of SEBI (LODR) Regulations, 2015 - Newspaper Publication
Source: Bse
AnnouncementMay 2026
May 2026 · Outcome Of The Board Meeting Held On 19Th May 2026 19 May - Board approved CFO resignation effective 30 June 2026, CS appointment from 17 June, and director reappointments.
Source: Bse
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.