SAFARI Industries :

Travel has become inevitable and the luggages are even more so. As the disposable income rises, along with rapid urbanization are the Travelling expenditures. 

While the international suitcase and travel bag manufacturers like Samsonite and American Tourister are common among travellers, so are the bags manufactures by Indian companies like VIP Industries and SAFARI. They are economical offering value of money for the buyers.

Here are few snippets about SAFARI, that could help investors decide:

• SAFARI was incorporated in 1980.
• Recently introduced light weight durable poly carbonate luggages
• Also added range of laptop bags and back packs
• The company made a marginal profit of Rs. 14 Lakhs in 2014 and Rs.4.2 Cr in FY 2015.
• Net Profit in H1 FY 2016 is R.4.6 Cr
• Debt equity ratio (FY 2015) is 0.98 times
• Presence in hyper markets, Big bazaar, D Mart, Reliance Retail, Bharti Walmart, AB Retail etc
• Products are also sold on ecom space like Amazon, Snapdeal, lipkart, Myntra etc.

But the point to be kept in mind it : It is a small cap stock, highly volatile and relatively illiquid.