Check 35,000+ stocks against 26 valuation models and 37 quality factors
Data-driven stock valuation
Which stocks are undervalued right now? Check free
Discover now →
Safari Industries (India) Limited (523025) fair value: what the stock is really worth
As of Oct 1, 2026: fair value of Safari Industries (India) Limited ₹1,227, price ₹1,381, upside -11.2%, quality 37 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
- Fair value above price? No
- Good quality? No
- Add to watchlist
SI
Thin data
Sep 24, 2026
Safari Industries (India) Limited
523025 · BSEWeak valuationQuality is weak on top of the rich price.
!Fair value ₹1,227 · Overvalued (−11.2%)
!Quality 37/100
!Expensive Growth (revenue 5y +20.9 %/yr)
!Loss over the last twelve months · -3.6% net margin (TTM) · fiscal year 2025 8.1%
✓Low debt
·0.08% dividend yield
!Narrow moat 26/100
!Evidence only low, so the estimate is less certain
Watch Safari Industries (India) Limited for free, get notified when fair value or trend changes. Plus fair value for all 35,000+ stocks, 14 days of Pro free, no card.
Watch for free
Pro now: $1 first month
What runs behind every stock
26
valuation models
8 families, DCF to NCAV
37
quality factors
margins, balance sheet, cashflow, debt
6
AI factors
moat, what no ratio measures
2,000+
data points
verified, per stock, median
69 individual criteria per stock, every one traceable See the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 24, 2026.
How to read this chart
60‑month range ₹302.68 – ₹2,719 · fair‑value band ₹920.25 – ₹1,533 · the ₹1,381 price screens above the ₹1,227 fair value. Dashed = 300-day average. As of Sep 24, 2026.
Company profile
Safari Industries (India) Limited manufactures and markets luggage and luggage related accessories in India. Its products include hard, soft, lightweight, and TSA luggage bags; casual, laptop, and concept backpacks; rucksucks; and overnighters.
Show more
Safari Industries (India) Limited manufactures and markets luggage and luggage related accessories in India. Its products include hard, soft, lightweight, and TSA luggage bags; casual, laptop, and concept backpacks; rucksucks; and overnighters. It sells its products under the Safari, Magnum, Genius, and Genie brands through stores, as well as through online. Safari Industries (India) Limited was incorporated in 1980 and is based in Mumbai, India.
Stock analysis
Safari Industries (India) Limited (523025) currently trades at ₹1,381, while our model-based Fair Value estimate is ₹1,227, 11.2% below the price, so the stock looks overvalued today.
Show more
Valuation
Bull case: the Growth Earnings group reads highest at a median of ₹2,311 per share, and 5 of the 17 models we run sit above the ₹1,381 price.
Bear case: the Asset-Based group reads lowest at ₹285.48, and 12 of the 17 models stay below the price. Evidence for this calculation is low.
Scenario range: ₹920.25 (bear) to ₹1,533 (bull), the price of ₹1,381 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 37/100 (below-average quality), in the Consumer Goods sector.
Expensive Growth: The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Safari Industries (India) Limited reported revenue of ₹17.7B in FY2025 versus ₹3.3B in FY2021, a compound +52.5%/yr. Reported net income was ₹1.4B in FY2025.
Key figures
Market cap ₹9.1B (≈ $95.0M) · P/E ratio 333.7 · P/S ratio 26.9 · EPS (TTM) ₹1.37 · Dividend yield 0.0% · Net margin 8.1% · Return on assets (EBIT) 10.8% · Operating margin −2.3%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 48 out of 100 (low confidence).
What moves the price
The share trades about 44% below its 52-week high and 1% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Consumer Goods peers we cover trades at −30% fair-value upside, at −11%, 523025 screens cheaper than that median.
Fair Value models
Bear ₹920.25
Fair Value ₹1,227
Bull ₹1,533
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2025 figures (about 12 months old). Earnings retained since then (₹0.9730 per share) are deliberately not added.
Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.
Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Highest evidence
Residual Income
₹381.64
₹452.38
₹646.59
75
EPV
₹488.08
₹546.47
₹593.86
74
Owner Earnings
₹281.98
₹552.48
₹1,025
73
All 17 models by family
DCF Models
Owner Earnings
₹281.98
₹552.48
₹1,025
73
Earnings-Based
Graham-Dodd
₹433.94
₹3,026
₹4,247
63
Lynch FV
₹1,281
₹1,830
₹2,379
61
PEG = 1.0
₹1,281
₹1,830
₹2,379
57
EPV
₹488.08
₹546.47
₹593.86
74
Dividend Discount
Gordon GGM
₹45.48
₹76.17
₹98.87
68
DDM Multi-Stage
₹45.48
₹72.25
₹81.95
67
Multiples
P/E Multiple
₹1,053
₹1,404
₹1,755
63
P/S Multiple
₹712.51
₹950.01
₹1,188
58
P/B Multiple
₹813.63
₹1,085
₹1,356
55
EV/EBIT
₹1,023
₹1,364
₹1,705
66
EV/EBITDA
₹920.25
₹1,227
₹1,533
67
EV/Revenue
₹666.50
₹951.50
₹1,237
53
Asset-Based
NCAV (Graham)
₹213.05
₹285.48
₹426.09
54
Economic Profit
Residual Income
₹381.64
₹452.38
₹646.59
75
ROIC Compounder
₹539.59
₹696.94
₹810.91
72
Growth Earnings
Growth-Adj P/E
₹1,618
₹2,311
₹3,005
67
Notify me when 523025 reaches fair value
Put 523025 on your watchlist. We get in touch as soon as price and fair value meet or the trend turns.
Set up alert →Quality Score breakdown
Overall quality
37/100
Of which business quality 42 · Market factors (momentum, volatility) 31
Profitability
73
Margins and returns on capital today
Quality Growth
37
Are margins and returns improving?
Cashflow
8
Earnings quality: real cash, not paper profit
Fin. Strength
63
Balance sheet, leverage, solvency risk
Investment
22
Disciplined investing over empire-building
Low Volatility
70
Calm price path (market factor)
Momentum
22
Price trend over the last 3–12 months (market factor)
52W Momentum
1
Distance to the 52-week high (market factor)
Net Issuance
39
Share count: buybacks or dilution?
Revenue & earnings trend
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.
58/100
The company is growing, but growth may require heavy reinvestment or weak cash conversion.
Revenue growth 1 year
+14.3%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+35.9%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+20.9%
Start year 2020 (pandemic). Over 10 years: +23.4% a year
Revenue growth 11 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+24.0%
’14
’15
’16
’17
’18
’19
’20
’21
’22
’23
’24
’25
What shareholders gained per year (last 5 years), in INR ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Measured in INR: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+17.7%
Earnings growth per share plus dividend.
Earnings per share, growth per year+17.7%
Dividend (yield on the price)0.0%
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.8% → 10%
523025 screens overvalued: fair value 11% below the price. Compare with HALDYNGL →
Compare Safari Industries (India) Limited with another stock
Price, fair value, quality and upside side by side.
Free, no sign-up
Peer GroupⓘHow this stock ranks against its sector: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median. (Industry “Textile - Apparel Footwear & Accessories” was too small, so the broader sector is used.)Consumer Discretionary · 3619 stocks
Beats the sector median on 4/11 measures
Overall it trails its sector peers.
Valuation Multiplesvs Consumer Discretionary median · lower = cheaper
Context: sector, industry, market
- Is the Consumer Discretionary sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- Undervalued stocks: Indian Stocks
- Valuation of the India market
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
None of the checked exposures detected
Similar stocks
10 more Textile - Apparel Footwear & Accessories stocks, each showing price versus our Fair Value estimate.
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| HALDYNGL HALDYNGL | ₹146.65 | ₹108.72 | −26% |
| TRITONV TRITONV | ₹1,081 | ₹449.83 | −58% |
| Saint-Gobain Sekurit India Limited 515043 | ₹108.90 | ₹41.97 | −61% |
| Voith Paper Fabrics India Limited 522122 | ₹1,437 | ₹1,012 | −30% |
| Associated Alcohols & Breweries Limited 507526 | ₹614.70 | ₹900.66 | +47% |
| Shri Jagdamba Polymers Limited 512453 | ₹666.65 | ₹327.56 | −51% |
| Jay Ushin Limited 513252 | ₹775.60 | ₹345.80 | −55% |
| Riddhi Siddhi Gluco Biols Limited 524480 | ₹742.90 | ₹205.88 | −72% |
| Majestic Auto Limited 500267 | ₹369.95 | ₹826.62 | +123% |
| The South India Paper Mills Limited 516108 | ₹116.00 | ₹121.73 | +5% |
Explore undervalued stocks
All undervalued stocks
TechnologyFinancial ServicesHealthcareConsumer CyclicalConsumer DefensiveCommunication ServicesIndustrialsEnergyBasic MaterialsReal EstateUtilities Deeply Undervalued StocksUndervalued High-Quality StocksUndervalued Blue-Chip StocksUndervalued Small-Cap StocksUndervalued Dividend Stocks
Try a ready-made strategy
Pick a strategy and jump into the live analysis with that exact screen applied.
🥇 Backtested Best
🏆 Big Names
⭐ Top Rated
💎 Quality on Sale
🚀 Profitable Growth
🧊 Quality Compounders
💵 Dividend Stars
📈 Strong Momentum
📉 Fallen Angels
⚖️ Deeply Undervalued
🔍 Small-Cap Gems
🏰 Moat at a Fair Price
💼 Insider Buying
🎩 Buffett-Style Quality
📚 Peter Lynch GARP
🧮 Greenblatt Magic Formula
🛡️ Graham Defensive
Discover tools
Stock screenerFilter by region, size and sector
Compare toolTwo stocks side by side
Extrinsic Value Calculator…Calculator with industry benchmark
Peter Lynch Fair Value Formula &…Calculator with industry benchmark
Run the numbers yourself: free valuation calculators
Frequently asked questions
Is Safari Industries (India) Limited (523025) overvalued or undervalued?
As of Sep 24, 2026, our model estimates a fair value of ₹1,227 versus a price of ₹1,381, about −11% upside (overvalued).
What is the fair value of 523025?
Our model-based fair value for Safari Industries (India) Limited is ₹1,227 (as of Sep 24, 2026), built from audited fundamentals. The current price: ₹1,381.
What is the quality score of 523025?
Safari Industries (India) Limited has a Quality Score of 37/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Safari Industries (India) Limited (523025)?
Our model-based price target is the fair value of ₹1,227 (as of Sep 24, 2026) from 17 valuation models. Cautious scenario ₹920.25, optimistic scenario ₹1,533. It is a calculation from audited fundamentals, not an analyst target.
What is the Safari Industries (India) Limited stock forecast for 2026?
Our models put fair value at ₹1,227, about −11% upside versus a price of ₹1,381 (overvalued). Cautious scenario ₹920.25, optimistic scenario ₹1,533. The calculation is refreshed regularly with new filings.
Does Safari Industries (India) Limited pay a dividend?
Safari Industries (India) Limited currently shows a dividend yield of about 0.03% relative to its recent price (as of Sep 24, 2026).
What is the intrinsic value of Safari Industries (India) Limited (523025)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Safari Industries (India) Limited it is ₹1,227 per share (as of Sep 24, 2026), against a price of ₹1,381. It is the blended result of 17 valuation models (cash flow, earnings, asset, dividend).
Is Safari Industries (India) Limited stock overvalued or undervalued in 2026?
As of Sep 24, 2026, 523025 trades above its calculated fair value: price ₹1,381, fair value ₹1,227, a gap of about −11% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of 523025?
No. The price is what the market pays today (₹1,381); the fair value is what the company's own numbers justify (₹1,227). For Safari Industries (India) Limited the two are ₹154.55 per share apart. That gap is exactly why we show both numbers side by side.
How much is Safari Industries (India) Limited worth?
The market values Safari Industries (India) Limited at about ₹9.1B (market capitalisation, as of Sep 24, 2026). Per share that is ₹1,381; our models calculate a fair value of ₹1,227 per share.
What do the bullish and bearish scenarios say about 523025?
Our models span a range for Safari Industries (India) Limited: cautious scenario ₹920.25, base ₹1,227, optimistic ₹1,533 per share (as of Sep 24, 2026, price ₹1,381). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of 523025?
Safari Industries (India) Limited trades at a price-to-earnings ratio of 333.7 (as of Sep 24, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ₹1,227 is built from several models across several years. Other multiples: P/S 0.0, EV/EBITDA 8.1.
How solid is the balance sheet of Safari Industries (India) Limited (523025)?
Balance-sheet figures for Safari Industries (India) Limited (as of Sep 24, 2026): debt of 0.01 per unit of equity. They feed the Quality Score of 37/100, which measures business quality independently of the share price.
How far is 523025 from its 52-week high?
Safari Industries (India) Limited trades at ₹1,381, about 44% below its 52-week high of ₹2,484 and 1% above the low of ₹1,366 (as of Oct 1, 2026). Distance from the high says nothing about value: that is what the fair value of ₹1,227 is for.
Which stocks are comparable to Safari Industries (India) Limited?
From the same area (Consumer Goods) we also value HALDYNGL, TRITONV, Saint-Gobain Sekurit India Limited, Voith Paper Fabrics India Limited, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Safari Industries (India) Limited stock attractive at the current price?
The data as of Sep 24, 2026: price ₹1,381, calculated fair value ₹1,227 (−11%), Quality Score 37/100, from 17 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of 523025 calculated?
We run Safari Industries (India) Limited through 17 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of ₹1,227, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.5 % above its aggregate fair value. Safari Industries (India) Limited itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Safari Industries (India) Limited (523025)?
The closing price on Oct 1, 2026 was ₹1,381. Our model-based fair value is ₹1,227, about −11% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Safari Industries (India) Limited right now?
Evidence is limited here (fewer models, shorter history), so the fair value is a rougher estimate than usual. The price sits in the upper half of our model range, so the margin of safety is thin. Read the verdict with care: some models are missing inputs, so the estimate scatters more than usual.
Key figures of Safari Industries (India) Limited
How large is the market capitalisation of Safari Industries (India) Limited (523025)?
The market capitalisation of Safari Industries (India) Limited is ₹9.1B (≈ $95.0M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Safari Industries (India) Limited (523025)?
The price-to-sales ratio of Safari Industries (India) Limited is 26.9 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Safari Industries (India) Limited (523025)?
Earnings per share at Safari Industries (India) Limited are ₹1.37 (price ÷ EPS = P/E 333.7). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Safari Industries (India) Limited (523025)?
The dividend yield of Safari Industries (India) Limited is 0.0% (payout 29.1%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Safari Industries (India) Limited (523025)?
The net margin of Safari Industries (India) Limited is 8.1% (fiscal year 2025). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the EBIT return on assets of Safari Industries (India) Limited (523025)?
On an EBIT basis the return on assets of Safari Industries (India) Limited is 10.8% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Safari Industries (India) Limited (523025)?
The operating margin of Safari Industries (India) Limited is −2.3% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Safari Industries (India) Limited (523025)?
Revenue at Safari Industries (India) Limited is growing −62.8% versus a year earlier (3y avg +35.9%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Safari Industries (India) Limited (523025)?
Earnings per share at Safari Industries (India) Limited are growing +11.8% versus a year earlier. How much earnings per share grew versus a year earlier.
Free · no account needed
Watch Safari Industries (India) Limited in the live analysis
One click puts Safari Industries (India) Limited on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 35,000+ stock screener. You can also try 14 days of Pro there, no card.
Watch for free →Zero risk: nothing is ever charged. Your watchlist is yours, with or without an account.