S

SAFARI INDUSTRIES (INDIA) LTD.

SAFARI
Market snapshot · 2026-08-11 09:46 UTC

1,500.00

₹-3.60 (-0.24%)

MARKET CAP

₹7.35K Cr

STOCK P/E

44.6x

52W HIGH

₹2,507.10

52W LOW

₹1,363.10

BOOK VALUE

₹227.51

EPS

₹33.60

ROE

SECTOR

Consumer Discretionary

DEBT/EQUITY

10.46

VOLUME

13,158

P/B RATIO

6.59x

PEG RATIO

-8.12

Sector

Consumer Discretionary

Themes

Apparel & AccessoriesAshish Kacholia PortfolioTop 20 Investors in India Portfolio
D
Dividend
E
Earnings
₹2,426.81₹2,172.80₹1,918.78₹1,664.77₹1,410.76VolumeEDEEDEAug '25Sep '25Nov '25Jan '26Mar '26Apr '26Jun '26Aug '26

AI Summary

✦ Clartha

Forecast

Analyst targets, estimate history, and probabilistic forward ranges for SAFARI.

10.00 analysts

Price Forecast

Current
₹1,508
High Target
₹2,760
▲ +83.0%
Median Target
₹2,125
▲ +40.9%
Low Target
₹1,950
▲ +29.3%
Now₹1,508High ₹2,760Median ₹2,125Low ₹1,950Aug '25Now12M Target
Price history (1Y)
Analyst target range
10 analysts

Probabilistic Range

Probabilistic lognormal cone using 1Y realized volatility and analyst-target drift when available.

Time horizonRange ()Probability
3M₹1,220 - ₹1,93980%
6M₹1,131 - ₹2,17780%
12M₹1,027 - ₹2,59380%
Realized vol: +36.1% · Drift: +14.4%

Revenue Forecast

₹ Cr
Dec '25Current₹512.0
Sep 2026 ETrend estimate range
High₹671.3Base₹621.5Low₹571.8
Mar '25: ₹421.0 · Jun '25: ₹527.0 · Sep '25: ₹533.0 · Dec '25: ₹512.0 · Sep '26: ₹621.5 · Dec '26: ₹597.1
Mar '25Jun '25Sep '25Dec '25Sep '26 EDec '26 E421.0527.0533.0512.0621.5597.1
PastCurrentTrend estimate: Low / Base / High

EPS Forecast

₹ / share
Dec '25Current₹3.56
Sep 2026 ETrend estimate range
High₹8.12Base₹7.25Low₹6.38
Mar '25: ₹6.84 · Jun '25: ₹8.12 · Sep '25: ₹6.68 · Dec '25: ₹3.56 · Sep '26: ₹7.25 · Dec '26: ₹3.86
Mar '25Jun '25Sep '25Dec '25Sep '26 EDec '26 E6.848.126.683.567.253.86
PastCurrentTrend estimate: Low / Base / High
Market Intelligence

Multi-factor synthesis of 5 key dimensions

Overall Outlook
Neutral
55%
Analyst Consensus
Positive

From 10 analysts

Mean upside+47.1%

Fundamentals

Weakening

Fundamentals institutional score is 26 using growth durability 26.2.

Valuation

Attractive relative to peers

Valuation institutional score is 70 using relative multiple z-scores where peer dispersion is available.

Analyst Consensus

Positive

Analyst View institutional score is 85 using mean target upside 47.1%; dispersion penalty 14.6; recommendation breadth from available consensus.

Technical Structure

Mixed Momentum

Technicals institutional score is 46 using EMA-20 continuation within 5% tolerance; VCP range/volume contraction proxy.

Market Sentiment

Neutral backdrop

Recent news flow is balanced or not decisive enough to tilt the tape. Based on 10 recent ticker-linked news items.

Signal Summary

Market intelligence remains Neutral. valuation and analyst consensus provide support, while fundamentals and technical structure remain considerations.

Composite weights: Fundamentals 25%, Valuation 20%, Analyst Consensus 20%, Technical Structure 20%, Market Sentiment 15%.

Fundamentals WeakeningValuation Attractive relative to peersAnalyst Consensus PositiveTechnical Structure Mixed MomentumMarket Sentiment Neutral backdrop

Key Data Points

Mean Target Price2,217.7 target
Mean Upside+47.1%
Technical Score46%
Fundamental Score26%
Data CoverageHigh

Important Note: This is market intelligence, not investment advice. Always conduct your own research and consider your financial goals and risk tolerance.

Valuation Metrics

Trading 28.0% below historical median. Valuation is declining — currently in the strongly undervalued zone (z-score: -1.89). Confidence: 86%.

Live forward EPS implies next-12-month EPS of ₹50.51. Applying the stock's normalized valuation corridor produces a fair range of ₹2,863.92 to ₹3,324.06, with base value near ₹3,130.10 (+108.7% vs current price).

Forward Valuation Outlook

Live forward estimate anchored to the company's historical valuation corridor.

Below normalized range

Forward EPS

₹50.51

Forward P/E

29.7x

Base Fair Value

₹3,130.10

Fair Range

₹2,863.92 - ₹3,324.06

Upside To Base

+108.7%

Estimate Source

Live forward EPS

Growth Estimate

-5.5%

P/E
Strongly Undervalued

5Y Average

45.91

Current

44.64

Overvalued

65.81

Undervalued

56.70

EV/EBITDA
Fair

5Y Average

30.89

Current

30.04

Overvalued

42.28

Undervalued

17.47

P/S
Fair

5Y Average

3.59

Current

3.49

Overvalued

4.91

Undervalued

2.03

Peers & Comparison

Sector: Consumer Discretionary · Theme: Apparel & Accessories

Apparel & Accessories Peers2 peers
Avg P/E: 40.8x
CompanyRev. GrowthMarginP/Evs Avg52W Perf.
ARVIND LIMITED
ARVINDApparel & Accessories
+15.0%4.4%
36.3x
Fair
-11% vs avg
+88.2%
CAMPUS ACTIVEWEAR LIMITED
CAMPUSApparel & Accessories
+12.2%8.5%
45.4x
Fair
+11% vs avg
-15.1%
WHY THESE PEERS

SAFARI IND (INDIA) LTD trades in line with peers (44.6x vs avg 40.8x), reflecting a fair valuation within the Apparel & Accessories cohort. Peers include ARVIND LIMITED, CAMPUS ACTIVEWEAR LIMITED — selected based on business model, industry classification, market cap similarity, and business theme alignment.

Financials

Real statement data for revenue, earnings quality, conversion, and balance-sheet coverage. Monetary values are shown in Rs crore.

Latest revenue

₹512 CrDec 2025

Latest net profit

₹18 CrDec 2025

Latest EPS

₹3.56Dec 2025

Net margin

2.8%Dec 2025

Performance

Bars show revenue and net profit. The line shows net margin.

Rs crore + margin %
Q3 '25Q4 '25Q1 '26Q2 '26Q3 '260.0%3.0%6.0%9.0%12.0%0.00 Cr150 Cr300 Cr450 Cr600 Cr
  • Revenue
  • Net income
  • Net margin %

Earnings

Revenue is shown in crores. EPS is rupees per share.

Rs crore + Rs/share
Q3 '25Q4 '25Q1 '26Q2 '26Q3 '260.00 Cr150 Cr300 Cr450 Cr600 Cr₹0₹3₹6₹9₹12
  • Revenue
  • EPS

Revenue to profit conversion

Bridge from operating numbers to profit for the latest reported period.

Rs crore
RevenueExpensesDepreciationOperatingprofitOther incomeInterestProfitbefore taxTax & otherNet Profit0.00 Cr150 Cr300 Cr450 Cr600 Cr

Latest reported period: Dec 2025

Debt level and coverage

Debt, cash and free cash flow compared on the same crore scale.

Rs crore
Annual view
20212022202320242025-75 Cr0.00 Cr75 Cr150 Cr225 Cr
  • Debt
  • Free cash flow
  • Cash & equivalents

Results

MetricMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales302426370388365449457442421527533512
Expenses250355316332308398425406373471486486
Operating Profit44.1260.143.4345.5645.8839.4220.1724.5936.8745.1135.3814.34
OPM %14.6%14.1%11.75%11.74%12.57%8.77%4.41%5.56%8.77%8.55%6.64%2.8%
Other Income3.072.673.283.896.4210.119.5810.078.898.698.859.6
Interest1.5221.622.091.741.831.931.791.871.841.82.08
Depreciation7.5111.1810.2610.6810.9811.6811.9411.4510.7311.511.0510.99
Profit before tax45.6760.7745.0947.3650.5647.727.8232.8743.8951.9642.4321.86
Tax %23.19%24.52%24.33%24.56%23.12%23.04%21.57%21.78%23.72%23.61%22.91%19.67%
Net Profit35.0845.8734.1235.7338.8736.7121.8225.7133.4839.6932.7117.56
EPS in Rs14.789.677.187.498.107.534.475.226.848.126.683.56

All values in Rs. Crore unless otherwise stated. Source: CMIE Prowess, Quarterly Interim Standalone.

Shareholding Pattern

HolderMar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters45.41%45.41%44.91%44.70%44.70%
FII13.25%13.05%12.30%12.32%10.81%
DII23.56%24.53%25.96%26.41%28.30%
Public9.76%9.39%9.31%9.05%9.24%
Others8.02%7.62%7.52%7.52%6.95%
Mar 2026
Promoters
FII
DII
Public
Others