Loading…
Employees: 6,235
Size Safari Industries (India) (SAFARI.NS) is an India Consumer Discretionary company (Other Consumer Specialties) with a market value of $651M, the 747th largest of 1,058 India companies the cockpit tracks. Shares closed at ₹1,254 on 6 Nov 2026.
Performance Over six months the shares fell 18.4%, against -6.7% for the median peer and 0.0% for the India market (cap-weighted) — 9th lowest of 20 in its peer set.
Growth Revenue grew 14.0% over the last twelve months (peer median +19.0%); the operating margin is 9.2% (peer median 12.1%).
Valuation It trades at 32.9× forward earnings against a peer median of 20.6× (4th most expensive of 12).
Price implies For today's price to make sense, revenue must grow about 31% a year for seven years (Req g). Recent delivered growth is +44%, so the hurdle is -13 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 0.1 points above its cost of capital (12.9% WACC).
Next results Next results expected around 9 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ₹21.1B | ₹20.4B | ₹17.7B | ₹15.5B | ₹12.1B |
| Revenue growth | — | +15% | +14% | +28% | — |
| Gross profit | ₹7.63B | ₹5.65B | ₹4.77B | ₹4.48B | ₹3.10B |
| EBITDA | ₹2.67B | ₹2.77B | ₹2.31B | ₹2.81B | ₹2.00B |
| Net income | ₹1.65B | ₹1.68B | ₹1.43B | ₹1.76B | ₹1.25B |
| Free cash flow | n/a | ₹1.20B | -₹703M | ₹1.11B | -₹29.2M |
| Capital expenditure | n/a | ₹704M | ₹1.45B | ₹1.11B | ₹503M |
| Total debt | n/a | ₹1.17B | ₹1.25B | ₹1.46B | ₹1.39B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | SAFARI.NS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -4.9% | -0.4% | 7th lowest of 21 |
| 6-month return | -18.4% | -6.7% | 9th lowest of 20 |
| Distance from 52-week high | -50.0% | -24.1% | 4th lowest of 21 |
| Revenue growth (TTM) | +14.0% | +19.0% | 10th lowest of 21 |
| Operating margin | 9.2% | 12.1% | 8th lowest of 21 |
| Forward P/E | 32.9× | 20.6× | 4th most expensive of 12 |
| Growth the price implies (Req g, 7 yrs) | 31.3% | 16.7% | 3rd most demanding of 11 |
| Growth delivered (Del g) | +44.2% | +23.5% | highest of 11 |
| Hurdle (Req g minus delivered) | -12.9 pp | -13.0 pp | 6th least demanding of 11 |
| ROIC minus cost of capital | +0.1 pp | +2.4 pp | 8th lowest of 20 |
| EV / EBITDA | 23.0× | 14.6× | 4th most expensive of 14 |
| Net debt / EBITDA | -0.6× | -0.1× | 7th least indebted of 17 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Safari Industries (India) SAFARI.NS | India | $651M | -18% | +14% | 9% | 32.9× | 31.3% | +44.2% |
| Zhou Liu Fu Jewellery 6168.HK | Hong Kong | $632M | -42% | +2% | 19% | 5.0× | n/a | n/a |
| Timex Group India TIMEX.NS | India | $750M | +90% | +42% | 15% | 60.5× | 25.7% | +41.7% |
| Senco Gold SENCO.NS | India | $556M | -7% | +42% | 9% | 13.6× | n/a | n/a |
| KDDL KDDL.NS | India | $518M | +64% | +32% | 9% | 17.8× | 33.2% | +31.5% |
| Goldiam International GOLDIAM.NS | India | $505M | +1% | +27% | 20% | n/a | 35.6% | +19.2% |
| Movado MOV | United States | $495M | +11% | +5% | 7% | 16.1× | -7.2% | +5.5% |
| Fossil FOSL | United States | $462M | +76% | -9% | 2% | 48.3× | n/a | n/a |
| Wiselink 8932.TWO | Taiwan | $941M | -19% | +24% | 47% | n/a | 10.0% | +23.2% |
| Beijing Kingee Culture Development 002721.SZ | China | $965M | -21% | +45% | 15% | n/a | 26.5% | -25.9% |
| FOPE FPE.MI | Italy | $434M | +69% | +24% | 20% | 27.6× | 0.1% | +29.2% |
| Tribhovandas Bhimji Zaveri TBZ.NS | India | $419M | +300% | +24% | 10% | n/a | n/a | n/a |
| Bijou Brigitte modische Accessoires BIJ.DE | Germany | $401M | -11% | 0% | 14% | n/a | -9.9% | +10.5% |
| Shenzhen Hipine Precision Technology 2583.HK | Hong Kong | $391M | -40% | +31% | 26% | n/a | n/a | n/a |
| Guangdong CHJ Industry 002345.SZ | China | $1.11B | -19% | +14% | 13% | 10.8× | -11.5% | +23.9% |
| Mitsubishi Pencil 7976.T | Japan | $1.16B | +52% | +6% | 13% | 20.6× | n/a | n/a |
| V.i.p.industries VIPIND.NS | India | $360M | -26% | -11% | -22% | n/a | 23.3% | +24.6% |
| Zhejiang Ming Jewelry 002574.SZ | China | $353M | -22% | +2% | -12% | n/a | n/a | n/a |
| Gens Aurea OROX.MI | Italy | $1.27B | n/a | +95% | 11% | n/a | n/a | n/a |
| DR Corporation Limited Class A 301177.SZ | China | $1.29B | -26% | -4% | -6% | 124.3× | n/a | n/a |
| Mokingran Jewellery 2585.HK | Hong Kong | $1.37B | +118% | +5% | 4% | 29.7× | n/a | n/a |