Buy Safari Industries (India), target Rs 1000: Angel Broking

Angel Broking has a buy call on Safari Industries (India) Ltd. with a target price of Rs 1000. The current market price of Safari Industries (India) Ltd. is Rs 658.15 Time period given by analyst is Long Term when Safari Industries (India) Ltd. price can reach defined target.

Safari Industries (India) Ltd., incorporated in the year 1980, is a Small Cap company (having a market cap of Rs 1450.42 Crore) operating in Plastics sector.

Safari Industries (India) Ltd. key Products/Revenue Segments include Luggage Items which contributed Rs 571.62 Crore to Sales Value (99.82 % of Total Sales) and Scrap which contributed Rs 1.01 Crore to Sales Value (0.17 % of Total Sales)for the year ending 31-Mar-2019.


For the quarter ended 31-12-2019, the company has reported a Consolidated sales of Rs 166.11 Crore, down -3.04 % from last quarter Sales of Rs 171.32 Crore and unchanged .00 % from last year same quarter Sales of Rs Crore Company has reported net profit after tax of Rs 9.50 Crore in latest quarter. The company’s top management includes Dr.Shailesh Mehta, Mr.Anujj Patodia, Mr.Dalip Sehgal, Mr.Piyush Goenka, Mr.Punkajj Lath, Mr.Rahul Kanodia, Mr.Sudhir Jatia, Mrs.Vijaya Sampath. Company has Lodha & Co. as its auditors As on 31-12-2019, the company has a total of 22,355,000 shares outstanding.