Buy Safari Industries (India), target price Rs 2476: Prabhudas Lilladher

Prabhudas Lilladher has buy call on Safari Industries (India) with a target price of Rs 2476. The current market price of Safari Industries (India) is Rs 1893.35.

Safari Industries (India) Ltd., 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) Ltd. 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 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 reported net profit after tax of Rs 34.47 Crore in latest quarter.



Promoter/FII Holdings
Promoters held 47.23 per cent stake in the company as of 31-Dec-2022, while FIIs owned 15.53 per cent, DIIs 11.63 per cent.