Safari Industries (India) Limited (SAFARI.NS) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

+67.5%

₹2,051.26

vs ₹1,224.70 price

Levered DCF

₹2,062.37

After debt service

Piotroski score

4 / 9

Average

Altman Z-score

—

Rating

C+

Overall 2 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
P/E	41.76×	66.43×	49.81×	38.81×	97.45×	-68.74×	29.27×	48.91×
P/B	6.28×	9.98×	10.63×	11.41×	7.68×	5.15×	4.13×	6.64×
P/S	3.42×	5.37×	5.65×	4.01×	3.28×	4.4×	1.39×	2.31×
EV / EBITDA	24.07×	42.78×	30.42×	24.2×	43.15×	-562.03×	14.61×	26.7×
Gross margin	36.6%	45.7%	47.0%	42.5%	34.5%	39.7%	42.8%	41.5%
Operating margin	9.8%	39.0%	35.4%	13.8%	4.0%	-7.7%	7.6%	8.2%
Net margin	8.2%	8.1%	11.3%	10.3%	3.2%	-6.4%	4.5%	4.7%
Current ratio	3.79×	3.15×	3.56×	2.23×	2.45×	3.01×	2.05×	1.9×
Debt / equity	0.1×	0.13×	0.18×	0.33×	0.18×	0.15×	0.5×	0.52×
Interest coverage	23.25×	78.08×	57.69×	20.97×	5.67×	-4.35×	5.09×	10.61×
Dividend yield	0.2%	0.2%	0.1%	0.1%	0.0%	0.0%	0.1%	0.1%
Payout ratio	10.2%	10.2%	6.0%	4.3%	0.0%	-0.0%	4.4%	4.9%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	15.1%	15.0%	21.3%	29.4%	7.4%	-7.5%	13.3%	13.6%
Return on invested capital	12.6%	49.1%	43.1%	22.4%	6.0%	-5.7%	11.5%	10.3%
Return on assets	11.6%	10.8%	15.4%	16.7%	4.8%	-5.3%	7.4%	7.1%
Free cash flow yield	1.7%	-0.9%	1.2%	0.0%	-1.2%	7.2%	5.3%	-3.6%
Earnings yield	2.4%	1.5%	2.0%	2.6%	1.0%	-1.5%	3.2%	2.0%
Enterprise value	₹71.1B	₹96.3B	₹88.6B	₹49.9B	₹23.3B	₹14.8B	₹10.7B	₹14.4B
Net debt / EBITDA	0.37×	0.5×	0.37×	0.66×	0.31×	-14.86×	1.55×	1.93×
Cash conversion cycle (days)	92	107	91	109	96	181	177	226