Safari Industries (India) Limited manufactures and markets luggage and luggage 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 its products under the Safari, Urban Jungle, and Genie brands through website and stores, as well as through e-commerce platforms. Safari Industries (India) Limited was incorporated in 1980 and is based in Mumbai, India.
Revenue projections:
Revenue projections for SAFARI Investors are expected to be cautious with SAFARI, as its revenues are projected to fall compared to last year. A decline in revenue often results in a negative impact on profitability, prompting concerns about the company's financial stability and making investors more conservative in their approach.
Financial Ratios:
currentRatio
3.14500
forwardPE
40.16056
debtToEquity
13.09000
earningsGrowth
-0.14500
revenueGrowth
0.15200
grossMargins
0.45677
operatingMargins
0.10789
trailingEps
29.23000
forwardEps
0.00000
SAFARI's current ratio of 3.145 highlights the company's ability to easily cover its short-term debt using its available cash and assets. This indicates a strong liquidity position, ensuring SAFARI is unlikely to face difficulties in meeting immediate financial obligations. SAFARI's low Debt-to-Equity ratio suggests the company is minimally leveraged, with limited reliance on debt to finance its operations. This reduced financial risk positions the company for greater stability and financial health, appealing to investors who value conservative financial management. Safari Industries (India) Limited's low earnings and revenue growth suggest shrinking profits. This negative trend could indicate that the company is struggling to maintain its financial performance and may face challenges ahead. Safari Industries (India) Limited's negative gross and operating margins point to financial difficulties, as the company is incurring losses at both the production and operational levels. This suggests a potential decline in profitability and raises concerns about its financial outlook.
Price projections:
Price projections for SAFARI Price projections for SAFARI have been steadily revised downward over time, indicating growing concerns about the company's future performance. This downward trend reflects reduced optimism among analysts regarding SAFARI's ability to meet previous expectations.
Insider Transactions:
Insider Transactions for SAFARI
Safari Industries (India) Limited saw 38 transactions in which shares were sold with market price at 2359.2420943410775.There were no sell transactions throughout the period under consideration.With more buys than sells around SAFARI's current price, there seems to be increased confidence among investors. This shift may indicate a favorable outlook, as the buying behavior suggests optimism for the stock's future growth or resilience.
Recommendation changes over time:
Recommendations trend for SAFARI
Safari Industries (India) Limited has received a favorable buy bias from analysts recently, positioning it as a solid investment opportunity. This sentiment may attract more investors, who view Safari Industries (India) Limited as a stable option to park their money and potentially benefit from the company's continued growth and profitability.
DISCLAIMER: We provide information and our musings based on events, but nothing on this site can be considered professional advice of any kind.
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