About
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 products under the Safari Select, Urban Jungle, and Carlton brands through hypermarkets, e-commerce and q-commerce platforms, multi-brand outlets, exclusive stores, Canteen Stores Department (CSD), direct-to-consumer channels, and institutional sales and export markets. Safari Industries (India) Limited was incorporated in 1980 and is based in Mumbai, India.
Key Metrics
as of Sep 2026Market Cap7,551 Cr
P/E45.80
Div Yield0.26 %
Book Value₹228.00
52w High₹2,507.00
52w Low₹1,363.00
Face Value₹2.00
Quarterly Results
Rs. Crores · hover row for definition| Metric | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 | Dec 2023 | Sep 2023 | Jun 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 589.00 | 473.00 | 512.00 | 534.00 | 528.00 | 421.00 | 443.00 | 458.00 | 450.00 | 365.00 | 388.00 | 370.00 | 427.00 |
| Expenses | 513.00 | 411.00 | 457.00 | 460.00 | 449.00 | 360.00 | 392.00 | 410.00 | 384.00 | 299.00 | 320.00 | 307.00 | 348.00 |
| Operating Profit | 75.00 | 62.00 | 56.00 | 74.00 | 79.00 | 61.00 | 50.00 | 48.00 | 66.00 | 67.00 | 68.00 | 63.00 | 79.00 |
| OPM % | 13.00 | 13.00 | 11.00 | 14.00 | 15.00 | 14.00 | 11.00 | 10.00 | 15.00 | 18.00 | 18.00 | 17.00 | 19.00 |
| Other Income | 7.00 | 7.00 | 6.00 | 6.00 | 6.00 | 6.00 | 7.00 | 7.00 | 8.00 | 5.00 | 4.00 | 3.00 | 2.00 |
| Depreciation | 19.00 | 18.00 | 18.00 | 18.00 | 17.00 | 15.00 | 15.00 | 15.00 | 14.00 | 14.00 | 13.00 | 12.00 | 13.00 |
| Interest | 3.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 3.00 |
| Profit before tax | 61.00 | 49.00 | 42.00 | 60.00 | 65.00 | 49.00 | 41.00 | 38.00 | 58.00 | 56.00 | 57.00 | 52.00 | 66.00 |
| Tax % | 22.00 | 24.00 | 21.00 | 22.00 | 23.00 | 24.00 | 24.00 | 22.00 | 23.00 | 23.00 | 24.00 | 23.00 | 24.00 |
| Net Profit | 48.00 | 37.00 | 33.00 | 47.00 | 50.00 | 38.00 | 31.00 | 30.00 | 44.00 | 43.00 | 43.00 | 40.00 | 50.00 |
| EPS in Rs | 9.75 | 7.65 | 6.71 | 9.58 | 10.33 | 7.69 | 6.37 | 6.07 | 9.11 | 8.86 | 9.02 | 8.35 | 10.54 |
Profit & Loss
Annual · Rs. Crores| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 2,047.00 | 1,772.00 | 1,550.00 | 1,212.00 | 705.00 | 328.00 | 686.00 | 578.00 | 419.00 | 344.00 | 271.00 | 211.00 |
| Expenses | 1,776.00 | 1,546.00 | 1,273.00 | 1,015.00 | 649.00 | 334.00 | 614.00 | 525.00 | 377.00 | 319.00 | 252.00 | 198.00 |
| Operating Profit | 271.00 | 225.00 | 278.00 | 197.00 | 56.00 | -6.00 | 72.00 | 53.00 | 42.00 | 24.00 | 19.00 | 12.00 |
| OPM % | 13.00 | 13.00 | 18.00 | 16.00 | 8.00 | -1.70 | 11.00 | 9.00 | 10.00 | 7.00 | 7.00 | 6.00 |
| Other Income | 24.00 | 28.00 | 14.00 | 9.00 | -2.00 | 3.00 | 1.00 | 1.00 | 1.00 | 0.00 | 1.00 | -1.00 |
| Interest | 9.00 | 9.00 | 10.00 | 8.00 | 5.00 | 6.00 | 10.00 | 4.00 | 3.00 | 4.00 | 3.00 | 3.00 |
| Depreciation | 71.00 | 59.00 | 52.00 | 33.00 | 20.00 | 20.00 | 22.00 | 8.00 | 6.00 | 5.00 | 4.00 | 3.00 |
| Profit before tax | 216.00 | 186.00 | 230.00 | 165.00 | 29.00 | -29.00 | 40.00 | 41.00 | 34.00 | 16.00 | 12.00 | 6.00 |
| Tax % | 22.00 | 23.00 | 24.00 | 24.00 | 23.00 | -28.00 | 24.00 | 34.00 | 36.00 | 34.00 | 35.00 | 27.00 |
| Net Profit | 168.00 | 143.00 | 176.00 | 125.00 | 22.00 | -21.00 | 31.00 | 27.00 | 22.00 | 10.00 | 8.00 | 4.00 |
| EPS in Rs | 34.24 | 29.21 | 36.05 | 26.39 | 4.99 | -4.67 | 6.86 | 6.09 | 4.84 | 2.45 | 1.87 | 1.06 |
| Dividend Payout % | 12.00 | 10.00 | 11.00 | 7.00 | 8.00 | 0.00 | 0.00 | 4.00 | 5.00 | 8.00 | 6.00 | 9.00 |
Balance Sheet
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 10.00 | 10.00 | 10.00 | 5.00 | 4.00 | 4.00 | 4.00 | 4.00 | 4.00 | 4.00 | 4.00 | 4.00 |
| Reserves | 1,105.00 | 944.00 | 814.00 | 421.00 | 297.00 | 275.00 | 226.00 | 196.00 | 168.00 | 97.00 | 87.00 | 72.00 |
| Borrowings | 117.00 | 125.00 | 146.00 | 139.00 | 56.00 | 41.00 | 114.00 | 104.00 | 55.00 | 42.00 | 58.00 | 33.00 |
| Other Liabilities | 211.00 | 238.00 | 173.00 | 182.00 | 112.00 | 77.00 | 71.00 | 81.00 | 47.00 | 55.00 | 27.00 | 20.00 |
| Total Liabilities | 1,442.00 | 1,316.00 | 1,143.00 | 747.00 | 469.00 | 397.00 | 416.00 | 386.00 | 275.00 | 198.00 | 177.00 | 130.00 |
| Fixed Assets | 456.00 | 414.00 | 293.00 | 184.00 | 96.00 | 67.00 | 79.00 | 29.00 | 32.00 | 23.00 | 24.00 | 12.00 |
| CWIP | 1.00 | 12.00 | 1.00 | 0.00 | 20.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1.00 | 0.00 | 0.00 |
| Investments | 13.00 | 3.00 | 149.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Assets | 972.00 | 887.00 | 700.00 | 563.00 | 353.00 | 330.00 | 336.00 | 357.00 | 243.00 | 174.00 | 152.00 | 117.00 |
| Total Assets | 1,442.00 | 1,316.00 | 1,143.00 | 747.00 | 469.00 | 397.00 | 416.00 | 386.00 | 275.00 | 198.00 | 177.00 | 130.00 |
Cash Flows
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 173.00 | 57.00 | 217.00 | 51.00 | 16.00 | 111.00 | 71.00 | -38.00 | -48.00 | 24.00 | -13.00 | -32.00 |
| Cash from Investing Activity | -103.00 | -10.00 | -345.00 | -70.00 | -4.00 | -98.00 | -21.00 | -7.00 | -13.00 | -6.00 | -15.00 | -3.00 |
| Cash from Financing Activity | -73.00 | -75.00 | 164.00 | 20.00 | -14.00 | -10.00 | -50.00 | 45.00 | 59.00 | -20.00 | 29.00 | 36.00 |
| Net Cash Flow | -3.00 | -27.00 | 36.00 | 1.00 | -2.00 | 3.00 | 1.00 | 0.00 | -2.00 | -2.00 | 1.00 | 1.00 |
| Free Cash Flow | 105.00 | -88.00 | 106.00 | 3.00 | -27.00 | 103.00 | 50.00 | -47.00 | -62.00 | 19.00 | -29.00 | -36.00 |
| CFO/OP % | 82.00 | 43.00 | 98.00 | 44.00 | 32.00 | -1,991.00 | 117.00 | -41.00 | -87.00 | 120.00 | -50.00 | -244.00 |
Ratios
Annual · Days / % — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 47.00 | 50.00 | 39.00 | 51.00 | 59.00 | 101.00 | 78.00 | 89.00 | 85.00 | 62.00 | 73.00 | 70.00 |
| Inventory Days | 116.00 | 138.00 | 124.00 | 144.00 | 123.00 | 223.00 | 155.00 | 206.00 | 199.00 | 172.00 | 180.00 | 174.00 |
| Days Payable | 59.00 | 79.00 | 70.00 | 90.00 | 84.00 | 138.00 | 59.00 | 76.00 | 68.00 | 87.00 | 42.00 | 40.00 |
| Cash Conversion Cycle | 103.00 | 109.00 | 93.00 | 105.00 | 98.00 | 185.00 | 174.00 | 219.00 | 217.00 | 147.00 | 211.00 | 204.00 |
| Working Capital Days | 68.00 | 74.00 | 53.00 | 65.00 | 72.00 | 136.00 | 88.00 | 102.00 | 118.00 | 76.00 | 75.00 | 90.00 |
| ROCE % | 19.00 | 19.00 | 31.00 | 37.00 | 13.00 | -7.00 | 16.00 | 17.00 | 20.00 | 14.00 | 12.00 | 12.00 |
Corporate Actions
20 records| Action | Ex Date | Record Date | Ratio | Amount (₹) | Notes |
|---|---|---|---|---|---|
| Dividend | 17 Jul 2026 | 17 Jul 2026 | — | 2.00 | |
| Dividend | 14 Nov 2025 | 14 Nov 2025 | — | 2.00 | |
| Dividend | 18 Jul 2025 | 18 Jul 2025 | — | 1.50 | |
| Dividend | 19 Nov 2024 | 19 Nov 2024 | — | 1.50 | |
| Dividend | 12 Jul 2024 | 12 Jul 2024 | — | 1.50 | |
| Other | 12 Jul 2024 | — | — | — | Annual General Meeting |
| Bonus | 12 Dec 2023 | 12 Dec 2023 | 1:1 | — | |
| Dividend | 10 Nov 2023 | 10 Nov 2023 | — | 2.50 | |
| Dividend | 14 Jul 2023 | 14 Jul 2023 | — | 2.00 | |
| Other | 14 Jul 2023 | — | — | — | Annual General Meeting |
| Dividend | 17 Feb 2023 | 17 Feb 2023 | — | 1.50 | |
| Dividend | 14 Jul 2022 | 15 Jul 2022 | — | 0.80 | |
| Dividend | 01 Aug 2019 | — | — | 0.50 | |
| Dividend | 02 Aug 2018 | — | — | 0.50 | |
| Split | 22 Sep 2017 | 25 Sep 2017 | 10:2 | — | |
| Dividend | 22 Aug 2017 | — | — | 2.00 | |
| Dividend | 03 Aug 2016 | — | — | 1.20 | |
| Dividend | 28 Jul 2015 | — | — | 1.00 | |
| Dividend | 14 Jul 2011 | — | — | 2.50 | |
| Dividend | 09 Jul 2010 | — | — | 2.00 |
Announcements
5 filingsShareholding Pattern
Open on BSEFinancial Results — Filings
Open on BSEBoard Filings
Open on BSEAnnual Reports
Credit Ratings
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Rating update17 Oct 2025 from crisil
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Rating update23 May 2025 from crisil
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Rating update19 Jul 2024 from crisil
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Rating update6 Dec 2023 from crisil
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Rating update7 Sep 2022 from crisil
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Rating update21 Jan 2022 from crisil