S

Safari Industries (India) Ltd
NSE:SAFARI

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Safari Industries (India) Ltd
NSE:SAFARI
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Price: 1 433.8 INR -1.71%
Market Cap: ₹70.2B

EV/S

3.5
Current
42%
Cheaper
vs 3-y average of 6

Enterprise Value to Sales (EV/S) ratio compares a company`s total enterprise value to its revenue. It shows how much investors are paying for each dollar of the company`s sales, including both equity and debt.

EV/S
3.5
=
Enterprise Value
₹90.6B
/
Revenue
₹19.9B

Enterprise Value to Sales (EV/S) ratio compares a company`s total enterprise value to its revenue. It shows how much investors are paying for each dollar of the company`s sales, including both equity and debt.

EV/S
3.5
=
Enterprise Value
₹90.6B
/
Revenue
₹19.9B

Valuation Scenarios

Safari Industries (India) Ltd is trading below its 3-year average

If EV/S returns to its 3-Year Average (6), the stock would be worth ₹2 470.98 (72% upside from current price).

Statistics
Positive Scenarios
2/4
Maximum Downside
-66%
Maximum Upside
+72%
Average Upside
10%
Scenario EV/S Value Implied Price Upside/Downside
Current Multiple 3.5 ₹1 433.8
0%
3-Year Average 6 ₹2 470.98
+72%
5-Year Average 5.1 ₹2 123.25
+48%
Industry Average 1.2 ₹494.24
-66%
Country Average 2.9 ₹1 196.25
-17%

Forward EV/S
Today’s price vs future revenue

Today's Enterprise Value Revenue Forward EV/S
₹90.6B
/
Jan 2026
₹19.9B
=
3.5
Current
₹90.6B
/
Mar 2026
₹20.8B
=
4.4
Forward
₹90.6B
/
Mar 2027
₹24.3B
=
3.7
Forward
₹90.6B
/
Mar 2028
₹28.1B
=
3.2
Forward

Forward EV/S shows whether today’s EV/S still looks high or low once future revenue are taken into account.

Peer Comparison

All Multiples
EV/S
P/E
All Countries
Close
Market Cap EV/S P/E
IN
Safari Industries (India) Ltd
NSE:SAFARI
70.2B INR 3.5 41.9
FR
LVMH Moet Hennessy Louis Vuitton SE
PAR:MC
222.6B EUR 2.9 20.1
FR
Hermes International SCA
PAR:RMS
168.5B EUR 9.7 36.7
KR
SBW
KRX:102280
235.5T KRW 2 563.2 -117 637.1
CH
Compagnie Financiere Richemont SA
SIX:CFR
85.8B CHF 4.1 23
FR
EssilorLuxottica SA
PAR:EL
83.7B EUR 3.2 35.6
FR
Christian Dior SE
PAR:CDI
76.1B EUR 1.2 16.6
IN
Titan Company Ltd
NSE:TITAN
3.9T INR 5.4 81.7
FR
Kering SA
PAR:KER
28.5B EUR 2.7 391.6
US
Tapestry Inc
NYSE:TPR
28.7B USD 4 55
CN
ANTA Sports Products Ltd
HKEX:2020
232.7B HKD 2.3 14.8

Market Distribution

In line with most companies in India
Percentile
57th
Based on 2 864 companies
57th percentile
3.5
Low
0 — 1.6
Typical Range
1.6 — 5
High
5 —
Distribution Statistics
India
Min 0
30th Percentile 1.6
Median 2.9
70th Percentile 5
Max 55 686.2

Safari Industries (India) Ltd
Glance View

Nestled in the bustling markets of India, Safari Industries (India) Ltd. has navigated its journey from being a modest manufacturer to a leading player in the luggage industry. Founded in the 1970s, the company initially faced the challenge of positioning itself among well-established competitors. However, with a keen sense of market trends and consumer behavior, Safari carved a niche with products that combined durability and affordability. Its journey was marked by strategic expansions and a fine-tuned focus on the evolving needs of travelers. As aspirations grew, Safari introduced a diverse range of offerings, from traditional suitcases to trendy backpacks, catering to different segments of society. The company thrives on a business model that balances cost efficiency with innovative design. Central to its operational strategy is a robust supply chain and an extensive distribution network that spans across urban and rural India, ensuring accessibility to its products. Safari leverages volume sales to ensure a steady stream of revenue, benefitting from both domestic demand and a growing interest in travel-related products. By maintaining a strong presence in both offline retail stores and online e-commerce platforms, Safari maximizes its market reach, while its strategic pricing and marketing efforts enhance brand visibility among cost-conscious yet quality-oriented consumers. Through its adaptability and commitment to understanding its clientele, Safari Industries continues to weave its story of growth and resilience in the dynamic world of luggage manufacturing.

SAFARI Intrinsic Value
938.87 INR
Overvaluation 35%
Intrinsic Value
Price ₹1 433.8
S
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