āagman

Not investment advice. Data and computed figures, for information only.

Safari Industries (India) Ltd

NSE: SAFARI
₹1,312.30
−₹12.50 (−0.94%)
NSE · 15 Oct 2026, close
NSE
As of 31 Mar 2026
Market Cap
₹6,466 Cr
CMP
₹1,312.30
52-wk High / Low
₹2,507 / 1,280
P/E
39.2
P/B
5.8
Book Value
₹228.0
Div Yield
0.30%
ROCE
19.0%
ROE
15.9%
Face Value
₹2
D/E
0.10

Price−41.3% over 1Y

āagman read

Computed by āagman
Derived from 12 years and 13 quarters of filings. Not reported by the company.
As of 15 Oct 2026
How we compute these
Piotroski F-Score
8
/ 9
8 of 9 F-score tests passed
Graham Number
₹419
√(22.5 × EPS × book value per share)
ROIC
12.6%
vs 12.3% sector median
Cash flow to profit
1.03
CFO / PAT
Above 1.0 = operating cash flow exceeded reported profit
Margin change
−223
bps OPM YoY
Operating margin vs the same quarter last year
Sustainable growth
14.0%
ROE × earnings retention ratio
ROE stability
7.4
pp σ
Standard deviation of ROE across periods. Lower = more stable
Holder deltas
QoQ
pp
Prom +0.00FII −0.25DII −0.04
Latest quarter vs the previous one
Cash-accrual divergence
−0.4%
of assets
Low = accruals track cash flow
Strengths
+Piotroski F-Score of 8/9 is in the strong band (≥7)
Watch-outs
−Borrowings are up 101.7% since FY2016 (58 to 117)
−Price trades below its 200-day moving average (0.8x)
−Price is 47.7% below its 52-week high
−Promoter holding fell by 2.5pp over the last year

Peer comparison

Peers
NameP/EMar Cap ₹ CrROCE %ROE %

Quarterly results

Consolidated basis (as filed) · ₹ Cr · 13 quarters
As of 30 Jun 2026
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales427370388365450458443421528534512473589
Expenses348307320299384410392360449460457411513
Operating Profit79636867664850617974566275
OPM %18.5%17.0%17.5%18.4%14.7%10.5%11.3%14.5%15.0%13.9%10.9%13.1%12.7%
Other Income2345877666677
Interest3222222222223
Depreciation13121314141515151718181819
Profit before tax66525756583841496560424961
Net Profit50404343443031385047333748
EPS (₹)10.548.359.028.869.116.076.377.6910.339.586.717.659.75

Profit & Loss

As of 30 Jun 2026
Consolidated · ₹ Cr · 12 years + TTM
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales2112713444195786863287051,2121,5501,7722,0472,108
Expenses1982523193775256143346491,0151,2731,5461,7761,841
Operating Profit121924425372−656197278225271267
OPM %5.7%7.0%7.0%10.0%9.2%10.5%−1.8%7.9%16.3%17.9%12.7%13.2%12.7%
Other Income−1101113−2914282426
Interest334341065810999
Depreciation345682220203352597172
Profit before tax61216344140−2929165230186216212
Net Profit4810222731−2122125176143168165
EPS (₹)1.061.872.454.846.096.86−4.674.9926.3936.0529.2134.2433.69

Balance Sheet

As of 30 Jun 2026
Consolidated · ₹ Cr
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Jun 2026
Equity Capital444444445101010—
Reserves7287971681962262752974218149441,105—
Borrowings335842551041144156139146125117—
Other Liabilities20275547817177112182173238211—
Total Liabilities1301771982753864163974697471,1431,3161,442—
Fixed Assets1224233229796796184293414456—
CWIP00100002001121—
Investments000000000149313—
Other Assets117152174243357336330353563700887972—
Total Assets1301771982753864163974697471,1431,3161,442—

Cash Flows

As of 31 Mar 2026
Consolidated · ₹ Cr
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity−32−1324−48−3871111165121757173
Cash from Investing Activity−3−15−6−13−7−21−98−4−70−345−10−103
Cash from Financing Activity3629−205945−50−10−1420164−75−73
Net Cash Flow11−2−2013−2136−27−3

Ratios

As of 31 Mar 2026
12 periods
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %12.012.014.020.017.016.0−7.013.037.031.019.019.0
ROE %———————————15.9
EPS (₹)1.061.872.454.846.096.86−4.674.9926.3936.0529.2134.24
Book Value (₹)———————————228.0
Face Value (₹)———————————2
P/E———————————39.2
Div Yield %———————————0.30
NPM %1.92.92.95.24.74.5−6.33.110.211.37.98.1
OPM %6.07.07.010.09.011.0−1.78.016.018.013.013.0
D/E0.430.640.420.320.520.500.150.190.330.180.130.10
P/B———————————5.8

Growth

As of 11 Oct 2026
Compounded sales growth
10 years+22.0%
5 years+44.0%
3 years+19.0%
TTM+14.0%
Compounded profit growth
10 years+36.0%
5 years+59.0%
3 years+10.0%
TTM+11.0%
Stock price CAGR
10 years+29.0%
5 years+26.0%
3 years−16.0%
Last year−41.0%
Return on equity
10 years17.0%
5 years20.0%
3 years19.0%
Last year16.0%

Shareholding pattern

As of 30 Jun 2026
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters61.98%61.98%57.80%57.61%56.67%55.27%50.02%47.24%45.73%45.41%44.70%44.70%—
FIIs0.00%0.00%8.73%9.98%23.54%15.75%16.21%15.93%13.14%13.25%10.81%10.56%—
DIIs20.09%20.09%15.98%14.53%0.81%5.73%5.88%12.62%20.52%23.71%28.30%28.26%—
Government0.00%0.00%0.00%0.00%0.00%0.01%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Public17.93%17.93%17.48%17.88%18.98%23.25%27.89%24.22%20.61%17.63%16.20%16.47%—
No. of shareholders3,0383,0383,4887,6038,79012,04114,34615,14835,07838,38734,88636,853—

Documents

As of 11 Oct 2026
Announcements
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - IntimationAnnouncement under Regulation 30 (LODR)-Credit RatingAnnouncement under Regulation 30 (LODR)-Newspaper PublicationIntimation Under Regulation 30 Of SEBI (LODR) Regulations, 2015
Annual reports
Annual Report 2026Annual Report 2025Annual Report 2024Annual Report 2023Annual Report 2022
Credit ratings
Rating updateRating updateRating updateRating updateRating update

Corporate actions

As of 17 Jul 2026
17 Jul 2026DIVIDENDDividend - Rs 2 Per Share—
14 Nov 2025DIVIDENDInterim Dividend - Rs 2 Per Share—
18 Jul 2025DIVIDENDDividend - Rs 1.50 Per Share—
19 Nov 2024DIVIDENDInterim Dividend - Rs 1.50 Per Share—
12 Jul 2024DIVIDENDDividend - Rs 1.50 Per Share—
12 Dec 2023BONUSBonus 1:1—
10 Nov 2023DIVIDENDInterim Dividend - Rs 2.50 Per Share—
14 Jul 2023DIVIDENDDividend - Rs 2 Per Share—
17 Feb 2023DIVIDENDInterim Dividend - Rs 1.50 Per Share—
14 Jul 2022DIVIDENDDividend - Rs 0.80 Per Share—
Fundamentals from a third-party compiler of exchange filings; prices from the exchanges. Not investment advice.© 2026 āagman