Anand Rathi has buy call on Safari Industries (India) with a target price of Rs 2750. The current market price of Safari Industries (India) is Rs 2198.55. Time period given by analyst is a year when Safari Industries (India) price can reach defined target.
Safari Industries (India), incorporated in the year 1980, is a Small Cap company (having a market cap of Rs 1296.01 Crore) operating in Plastics sector.
Safari Industries (India) key Products/Revenue Segments include Luggage Items and Scrap for the year ending 31-Mar-2022.
Financials
For the quarter ended 31-12-2022, the company has reported a Consolidated Total Income of Rs 305.61 Crore, down -3.71 % from last quarter Total Income of Rs 317.39 Crore and up 48.14 % from last year same quarter Total Income of Rs 206.30 Crore. Company has reported net profit after tax of Rs 34.47 Crore in latest quarter.
The company’s top management includes Mr.Sudhir Jatia, Mr.Punkajj Lath, Mr.Dalip Sehgal, Mrs.Vijaya Sampath, Mr.Rahul Kanodia, Mr.Piyush Goenka, Mr.Sumeet Nagar, Mr.Gaurav Sharma. Company has Lodha & Co. as its auditors. As on 31-03-2023, the company has a total of 2 Crore shares outstanding.
Safari has returned 30% ytd due to its highest EBITDA margins in Q3 and 9M FY23 (higher than VIP) and continuous market-share gains.
Promoter/FII Holdings
Promoters held 47.23 per cent stake in the company as of March 2023 quarter, while FIIs owned 5.93% and DIIs 12.22 per cent.
Safari Industries (India), incorporated in the year 1980, is a Small Cap company (having a market cap of Rs 1296.01 Crore) operating in Plastics sector.
Safari Industries (India) key Products/Revenue Segments include Luggage Items and Scrap for the year ending 31-Mar-2022.
Financials
For the quarter ended 31-12-2022, the company has reported a Consolidated Total Income of Rs 305.61 Crore, down -3.71 % from last quarter Total Income of Rs 317.39 Crore and up 48.14 % from last year same quarter Total Income of Rs 206.30 Crore. Company has reported net profit after tax of Rs 34.47 Crore in latest quarter.
The company’s top management includes Mr.Sudhir Jatia, Mr.Punkajj Lath, Mr.Dalip Sehgal, Mrs.Vijaya Sampath, Mr.Rahul Kanodia, Mr.Piyush Goenka, Mr.Sumeet Nagar, Mr.Gaurav Sharma. Company has Lodha & Co. as its auditors. As on 31-03-2023, the company has a total of 2 Crore shares outstanding.
Investment Rationale
Safari has returned 30% ytd due to its highest EBITDA margins in Q3 and 9M FY23 (higher than VIP) and continuous market-share gains.
Promoter/FII Holdings
Promoters held 47.23 per cent stake in the company as of March 2023 quarter, while FIIs owned 5.93% and DIIs 12.22 per cent.
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