Safari Industries (India) Limited
Safari Industries (India) Limited designs, manufactures, and markets luggage, backpacks, and travel accessories in India. The company offers printed, laptop, hard, and soft luggage bags; school, laptop, office, college, anti-theft, tech, expandable storage, formal, adventure, and overnighters backpacks; accessories, such as sling bags, messenger bags, and neck pillows; and duffle bags. It sells i… Read more
Safari Industries (India) Limited (SAFARI) - Net Assets
Latest net assets as of September 2025: ₹10.45 Billion INR
Based on the latest financial reports, Safari Industries (India) Limited (SAFARI) has net assets worth ₹10.45 Billion INR as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₹14.36 Billion) and total liabilities (₹3.91 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₹10.45 Billion |
| % of Total Assets | 72.77% |
| Annual Growth Rate | 30.35% |
| 5-Year Change | 241.76% |
| 10-Year Change | 947.17% |
| Growth Volatility | 120.25 |
Safari Industries (India) Limited - Net Assets Trend (2008–2025)
This chart illustrates how Safari Industries (India) Limited's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Safari Industries (India) Limited (2008–2025)
The table below shows the annual net assets of Safari Industries (India) Limited from 2008 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | ₹9.53 Billion | +15.79% |
| 2024-03-31 | ₹8.23 Billion | +93.43% |
| 2023-03-31 | ₹4.26 Billion | +41.44% |
| 2022-03-31 | ₹3.01 Billion | +7.88% |
| 2021-03-31 | ₹2.79 Billion | +20.97% |
| 2020-03-31 | ₹2.31 Billion | +14.99% |
| 2019-03-31 | ₹2.01 Billion | +16.04% |
| 2018-03-31 | ₹1.73 Billion | +72.90% |
| 2017-03-31 | ₹999.70 Million | +9.79% |
| 2016-03-31 | ₹910.54 Million | +19.06% |
| 2015-03-31 | ₹764.79 Million | +520.07% |
| 2014-03-31 | ₹123.34 Million | +0.95% |
| 2013-03-31 | ₹122.18 Million | -4.85% |
| 2012-03-31 | ₹128.40 Million | -5.23% |
| 2011-03-31 | ₹135.49 Million | +15.10% |
| 2010-03-31 | ₹117.72 Million | +11.67% |
| 2009-03-31 | ₹105.41 Million | +0.13% |
| 2008-03-31 | ₹105.28 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Safari Industries (India) Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 19417.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₹5.15 Billion | 54.02% |
| Common Stock | ₹97.80 Million | 1.03% |
| Other Comprehensive Income | ₹44.40 Million | 0.47% |
| Other Components | ₹4.24 Billion | 44.48% |
| Total Equity | ₹9.53 Billion | 100.00% |
Safari Industries (India) Limited Competitors by Market Cap
The table below lists competitors of Safari Industries (India) Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
IGNITIS GRUPE AB EO 2233
F:IGV0
|
$392.02 Million |
|
LINK MOB.GRP.HLDG.NK-005
F:L1N
|
$392.15 Million |
|
Pulse Biosciences Inc
NASDAQ:PLSE
|
$392.21 Million |
|
Sinosun Tech
SHE:300333
|
$392.33 Million |
|
One Liberty Properties Inc
NYSE:OLP
|
$391.80 Million |
|
Lets Holding Group Co Ltd
SHE:002398
|
$391.76 Million |
|
Sanlux Co Ltd
SHE:002224
|
$391.72 Million |
|
Happiest Minds Technologies Limited
NSE:HAPPSTMNDS
|
$391.57 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Safari Industries (India) Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 8,234,700,000 to 9,534,900,000, a change of 1,300,200,000 (15.8%).
- Net income of 1,428,000,000 contributed positively to equity growth.
- Dividend payments of 146,100,000 reduced retained earnings.
- Share repurchases of 6,400,000 reduced equity.
- New share issuances of 6,400,000 increased equity.
- Other comprehensive income decreased equity by 20,900,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₹1.43 Billion | +14.98% |
| Dividends Paid | ₹146.10 Million | -1.53% |
| Share Repurchases | ₹6.40 Million | -0.07% |
| Share Issuances | ₹6.40 Million | +0.07% |
| Other Comprehensive Income | ₹-20.90 Million | -0.22% |
| Other Changes | ₹39.20 Million | +0.41% |
| Total Change | ₹- | 15.79% |
Book Value vs Market Value Analysis
This analysis compares Safari Industries (India) Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 7.62x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 668.62x to 7.62x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2008-03-31 | ₹2.22 | ₹1484.30 | x |
| 2009-03-31 | ₹2.22 | ₹1484.30 | x |
| 2010-03-31 | ₹2.48 | ₹1484.30 | x |
| 2011-03-31 | ₹2.86 | ₹1484.30 | x |
| 2012-03-31 | ₹2.71 | ₹1484.30 | x |
| 2013-03-31 | ₹2.58 | ₹1484.30 | x |
| 2014-03-31 | ₹2.60 | ₹1484.30 | x |
| 2015-03-31 | ₹16.13 | ₹1484.30 | x |
| 2016-03-31 | ₹19.20 | ₹1484.30 | x |
| 2017-03-31 | ₹21.08 | ₹1484.30 | x |
| 2018-03-31 | ₹36.45 | ₹1484.30 | x |
| 2019-03-31 | ₹42.29 | ₹1484.30 | x |
| 2020-03-31 | ₹48.63 | ₹1484.30 | x |
| 2021-03-31 | ₹58.83 | ₹1484.30 | x |
| 2022-03-31 | ₹63.47 | ₹1484.30 | x |
| 2023-03-31 | ₹89.77 | ₹1484.30 | x |
| 2024-03-31 | ₹172.02 | ₹1484.30 | x |
| 2025-03-31 | ₹194.71 | ₹1484.30 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Safari Industries (India) Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 14.98%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 8.06%
- • Asset Turnover: 1.34x
- • Equity Multiplier: 1.38x
- Recent ROE (14.98%) is above the historical average (9.12%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2008 | 8.86% | 1.49% | 1.63x | 3.63x | ₹-1.20 Million |
| 2009 | 0.13% | 0.02% | 1.51x | 3.83x | ₹-10.40 Million |
| 2010 | 16.40% | 3.11% | 1.61x | 3.27x | ₹7.53 Million |
| 2011 | 19.53% | 3.67% | 1.42x | 3.74x | ₹12.91 Million |
| 2012 | -5.52% | -1.15% | 1.22x | 3.93x | ₹-19.93 Million |
| 2013 | -5.10% | -0.67% | 1.28x | 5.97x | ₹-18.44 Million |
| 2014 | 0.94% | 0.07% | 1.64x | 8.25x | ₹-11.17 Million |
| 2015 | 5.57% | 1.97% | 1.67x | 1.69x | ₹-33.86 Million |
| 2016 | 8.51% | 2.79% | 1.57x | 1.94x | ₹-13.56 Million |
| 2017 | 9.84% | 2.74% | 1.81x | 1.98x | ₹-1.58 Million |
| 2018 | 12.46% | 5.16% | 1.49x | 1.62x | ₹42.54 Million |
| 2019 | 13.57% | 4.72% | 1.51x | 1.91x | ₹71.51 Million |
| 2020 | 13.30% | 4.48% | 1.64x | 1.80x | ₹76.02 Million |
| 2021 | -7.49% | -6.40% | 0.82x | 1.42x | ₹-487.96 Million |
| 2022 | 7.43% | 3.18% | 1.50x | 1.56x | ₹-77.31 Million |
| 2023 | 29.38% | 10.32% | 1.62x | 1.76x | ₹825.18 Million |
| 2024 | 21.35% | 11.34% | 1.36x | 1.39x | ₹934.63 Million |
| 2025 | 14.98% | 8.06% | 1.34x | 1.38x | ₹474.51 Million |
Industry Comparison
This section compares Safari Industries (India) Limited's net assets metrics with peer companies in the Footwear & Accessories industry.
Industry Context
- Industry: Footwear & Accessories
- Average net assets among peers: $3,545,748,504
- Average return on equity (ROE) among peers: 12.93%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Safari Industries (India) Limited (SAFARI) | ₹10.45 Billion | 8.86% | 0.37x | $391.96 Million |
| AKI India Limited (AKI) | $140.62 Million | 11.71% | 3.30x | $515.41 |
| Banaras Beads Limited (BANARBEADS) | $542.40 Million | 5.07% | 0.10x | $1.44 Million |
| Bata India Limited (BATAINDIA) | $18.15 Billion | 5.68% | 0.94x | $493.59 Million |
| Brand Concepts Limited (BCONCEPTS) | $708.63 Million | 9.30% | 2.47x | $8.27 Million |
| Bhartiya International Limited (BIL) | $1.07 Billion | 4.27% | 0.67x | $29.72 Million |
| Campus Activewear Limited (CAMPUS) | $5.52 Billion | 21.21% | 1.13x | $226.40 Million |
| Khadim India Limited (KHADIM) | $1.84 Billion | 16.65% | 1.20x | $7.06 Million |
| Liberty Shoes Limited (LIBERTSHOE) | $1.46 Billion | 11.62% | 1.79x | $17.93 Million |
| Mirza International Limited (MIRZAINT) | $1.26 Billion | 13.94% | 1.38x | $12.83 Million |
| Redtape Limited (REDTAPE) | $4.77 Billion | 29.82% | 1.60x | $205.94 Million |