Can any one share the data regarding the volume growth of the company?
1 Like
VIP’s promotors have long been seeking to exit the business (confirmed with my PE friends). Lack of clear succession, instability in management and competition from Safari.
Disc: Invested in Safari at much lower levels
5 Likes
GautamBafna:
FY21 will be surely challenging for the luggage industry but long-term prospects appear striking. Market cap of Safari is just Rs.890 crore, which looks very attractive considering oligopoly industry with double digit CAGR potential for a long period (post FY21) and Safari’s track record of above industry growth rate. Apart from sales growth; any improvement in profitability, working capital and return ratios towards market leader VIP, can be icing on cake in future. While it is difficult to ascertain possible improvement on these parameters currently, management track record of rebuilding this company step by step, does raises hope from a long-term perspective.
Safari’s performance in the last 3 years has been beyond expectaions. From a marketcap of Rs.890 cr to Rs.9800 crore (10x after adjusting for preferential allotment in between). Interestingly, it gave many opportunities and triggers to add further during the period.
Shares of Safari Industries, which climbed to fresh record high on Tuesday, have yielded nearly 150 percent so far in 2023, against marginal decline clocked by those of VIP Industries.
6 Likes
Safari Industries (India) has fixed 12 December 2023 as record date for issue of bonus shares in ratio of 1:1.
3 Likes
Crisil has upgraded its rating for Safari Industries, given its recent strong performance. Link: here
1 Like
When will the bonus shares start showing at my broker?
CSDL account credited with bonus shares today. Listing date awaited
1 Like
