safari industries business

For any help

Whatsapp us at: +91 9651081944.

Safari Industries' Sudhir Jatia's Story: A Visionary Leader Transforming the Luggage Landscape

Who is sudhir jatia.

In business, success stories often emerge from individuals who overcome challenges, navigate uncertainties, and exhibit unwavering determination. Sudhir Mohanlal Jatia, the Owner, Chairman, and Managing Director of Safari Industries Ltd. , is a testament to the power of perseverance and strategic decision-making in the face of adversity. His struggles and remarkable journey have led him to become a prominent figure in the luggage manufacturing industry.

Finding multibagger stocks is important for building wealth. Discover potential multibaggers at  Sovrenn Discovery  

Sudhir Jatia‘s Early Life and Education:

Sudhir Jatia's journey began with humble roots, hailing from the city of Mumbai. He earned an undergraduate degree in Bachelor of Commerce from the University of Mumbai, setting the foundation for his future endeavours. To enhance his business acumen, Sudhir pursued further education at the prestigious Harvard Business School, where he obtained a degree in Owner/President Management in 2012. This academic pursuit laid the groundwork for his leadership roles in the business world.

Entry into the Luggage Industry:

Sudhir Jatia's foray into the luggage industry commenced during his tenure as the Managing Director of VIP Industries in the 2000s, a prominent player in the sector. His role at VIP allowed him to garner a comprehensive understanding of the dynamics of the luggage market, preparing him for the challenges that lay ahead. However, in 2010, Sudhir decided to part ways with VIP as the company sought to usher in the next generation of leadership. 

Acquisition of Safari Industries Limited:

Undeterred by the challenges he faced at VIP, Sudhir Jatia displayed resilience by acquiring Safari Industries Limited in 2011. He took a bold step, he purchased a 56% stake in the Company for INR 29 Crores from his own money, eventually assuming the role of CEO. At the time of acquisition, Safari's valuation stood at INR 55 Crores. He was appointed as Safari's Managing Director on 18 th April 2012.

Sudhir Jatia Family

Sudhir Jatia's commitment to family values is evident in the way he has involved his family in the business. Currently, he holds a 47% stake, while his wife owns 5%. His two daughters Shivani and Tanisha have also been part of the Company. The elder one contributed six years of service before pursuing an MBA at Harvard Business School. The younger daughter, after returning from the US amid the COVID-19 pandemic, joined the Company.

Investing has built huge wealth for several HNI investors. Learn investing FREE OF CHARGE at Sovrenn Education  

Safari Industries India Ltd.

Safari Industries was founded in 1974 as a partnership firm. It is one of the largest luggage brands in the country and has been one of the fastest-growing luggage brands in India since 2013 when promoter Sudhir Jatia took over the company from its erstwhile owners.  It was promoted by Sumatichandra H. Mehta and was converted into a public limited company on 3 rd February 1986. 

It offers hard luggage, soft luggage and backpacks under Safari, Magnum, Genie and Genius brands. Safari’s products are mass-market yet aspirational and available through retail, e-commerce and institutional channels in India. Safari is listed on both the Bombay Stock Exchange and the National Stock Exchange of India.

Conclusion:

Sudhir Jatia's journey is a remarkable tale of resilience, determination, and success. From his early days in the luggage industry to acquiring and transforming Safari Industries Limited, he has navigated challenges with a strategic mindset.

Jatia's success story is not just about turning around a struggling company; it's also about investing in himself. The decision to purchase a majority stake in Safari Industries with his funds turned out to be a masterstroke. 

The story of Sudhir Jatia serves as an inspiration, highlighting the importance of hard work, investment in oneself, and the ability to overcome obstacles on the path to success. His journey is a testament to the fact that one can achieve one's goals with dedication and perseverance and create a lasting impact in the business world.

Sudhir Jatia net worth

The Market cap of Sudhir Jatia's Safari Industry is ₹ 9,625 Cr. Mr Jatia publicly owns 1 stock with a net worth of more than Rs 3,746.3 Cr, according to corporate shareholdings disclosed for December 31, 2023.

Sources 

Sudhir Jatia Wikipedia: Not available

https://www.moneycontrol.com/company-facts/safariindustries(india)/history/SII01

https://2point2capital.com/media-articles/How-2Point2-Capitals-bet-on-Safari-got-it-a-suitcase-full-of-returns.pdf

https://www.investcorp.com/portfolio/safari/#:~:text=Founded%20in%201974%2C%20Safari%20is,company%20from%20its%20erstwhile%20owners

https://www.linkedin.com/posts/siddharthraghuraman_this-is-one-of-the-most-legendary-ceo-stories-activity-7145017179023872000-qcWl

https://in.marketscreener.com/insider/SUDHIR-MOHANLAL-JATIA-A0K7F1/#:~:text=Sudhir%20Mohanlal%20Jatia%20holds%20the,of%20Safari%20Sales%20Pvt%20Ltd.

https://safariba gs.com/

Also Read: Ghazal Alagh: From Motherhood Challenges to Mamaearth's Billion-Dollar Triumph

Related Posts

• Latest News
• Emergencies
• Ask the Law
• GN Fun Drive
• Visa+Immigration
• Phone+Internet
• Reader Queries
• Safety+Security
• Banking & Insurance
• Dubai Airshow
• Corporate Tax
• Top Destinations
• Corporate News
• Electronics
• Home and Kitchen
• Consumables
• Saving and Investment
• Budget Living
• Expert Columns
• Community Tips
• Cryptocurrency
• Cooking and Cuisines
• Guide to Cooking
• Art & People
• Friday Partner
• Daily Crossword
• Word Search
• Philippines
• Australia-New Zealand
• Corrections
• From the Editors
• Special Reports
• Pregnancy & Baby
• Learning & Play
• Child Health
• For Mums & Dads
• UAE Success Stories
• Live the Luxury
• Culture and History
• Staying Connected
• Entertainment
• Live Scores
• Point Table
• Top Scorers
• Photos & Videos
• Course Reviews
• Learn to Play
• South Indian
• Arab Celebs
• Health+Fitness
• Gitex Global 2023
• Best Of Bollywood
• Special Features
• Investing in the Future
• Know Plan Go
• Gratuity Calculator
• Notifications
• Prayer Times

Investcorp sells its stake in leading luggage brand, Safari Industries

Business corporate news.

• Travel & Tourism

Safari Industries successfully increased production capacity during Investcorp partnership

Investcorp, a leading global alternative investment firm, today announced the successful exit of its investment in the publicly listed Safari Industries (“Safari” or the “Company”), one of the largest luggage brands in India.

Investcorp invested in Safari in February 2021. During Investcorp’s ownership period, Safari Industries successfully increased its production capacity and expanded its physical stores footprint in new and under-served markets in India. This transaction marks another significant milestone in Investcorp’s journey of partnering with companies demonstrating high-growth potential in India.

Yusef Al Yusef, Head of Investcorp’s Private Wealth, says, “As we expand our investments across India and continuously review and strengthen our portfolio, Safari is another example of how we invest and accelerate the growth in companies with an exceptional market position, solid fundamentals and strong growth potential. This is our fourth exit in India in just a few years, highlighting how our approach of working side by side with ambitious companies to help them generate and realise value pays dividends for both the companies and our investors.”

Commenting on the exit, Gaurav Sharma, Partner & Head of India Investments at Investcorp, adds, "It gives us immense pleasure to witness Safari Industries' transformation into a leading luggage brand in India. Millions have trusted and chosen Safari for their travel needs over the years. Collaborating with Sudhir Jatia’s visionary leadership and dedicated team has been a rewarding journey, and this partnership is a testament to Investcorp's commitment to investing in companies with strong growth potential. We are confident of their continued success in their next phase of growth."

Speaking on the development Sudhir Jatia, Chief Executive and Managing Director, Safari Industries, says, “Working with Investcorp has been an incredible journey. Their partnership and unwavering support have been crucial in propelling Safari Industries to new heights, bringing both scale and success to our endeavours."

This transaction marks Investcorp’s fourth exit in India over the past two-and-a-half years, following the sale of ASG Eye Hospital, a leading eyecare hospital chain, InCred, a leading tech-enabled financing company and Bewakoof, a leading direct-to-consumer online apparel brand.

In India, Investcorp is an active investor in mid-market companies across consumption-linked sectors and in the real estate business. In the private equity space, Investcorp targets opportunities across the consumer tech, healthcare, financial services, and retail, SaaS, e-commerce, and technology sectors. Its investments over the last four years include V-Ensure, Intergrow Brands, Bewakoof.com, Freshtohome, Zolo, InCred, Citykart, NephroPlus, Unilog, XpressBees, and Safari Industries.

More From Corporate-News

UAE COP meeting 'significantly exceeded expectations'

Reem Hospital displays cutting-edge orthopedic insights

Homes r Us helps UAE residents hit by storms

UAE tech firm recognised in US for best use of AI

Dubai Airports, airlines issue travel advisory

Unstable weather: Emirates issues travel advisory

Logistics centre planned for Saudi Arabia’s Dammam

Emirates to hire pilots at higher salaries

Saudi PIF and BlackRock launch an investment platform

DAE revenue grows by 9% to $343.6m in Q1

Dubai airports has use for its ‘low-cost terminal’, heavy rain, thunderstorms in abu dhabi and dubai, sheikh mansoor bin mohammed visits rta’s control centre, ‘dangerous’ punjab beat chennai in own den, us fed, cbuae keep interest rates unchanged again.

Get Breaking News Alerts From Gulf News

We’ll send you latest news updates through the day. You can manage them any time by clicking on the notification icon.

• TN Navbharat
• Times Drive
• ET Now Swadesh

business economy

Safari Industries’ new plant could boost sales by over 50%

Updated Jun 22, 2022, 12:48 IST

Courtesy: safaribags.com

At 40.7 Degrees Celsius, Chennai's Meenambakkam Records First Hot Day Of The Year

Amazon Great Summer Sale Is Now Available For Prime Members, Here Are Top Deals

Why Is Shyam Rangeela Contesting Against PM Modi In Varanasi? Here's What The Comedian Said

Rajasthan Royals To Drop Ashwin, Burger Returns! RR's Likely Playing XI For IPL 2024 Match Against SRH

'I'm Sure Rohit Sharma...': Kumar Sangakkara's EPIC Response To Concerns Around India's T20 World Cup Squad

Kodagu Cuisine: 5 Dishes You Must Try From Coorg

Bade Miyan Chote Miyan Box Office Collection Day 21: Akshay Kumar, Tiger Shroff Actioner Inches Towards Rs 65 Crore

Mumbai: Second Local Train Derails in 3 Days Outside CSMT, Delays Services on Panvel Section

Microsoft Takes A Major Leap Towards Sustainability: Signs Biggest-Ever Clean And Green Energy Deal With This Company - Check Details

Google Layoffs: Hundreds To Lose Jobs in India's IT Hub Bengaluru- Check Details

Mumbai-based Bharat Agri Fert & Realty Eyes Foray Into Realty Sector; Plans to Lease Fertiliser Units

Zilingo's Ex-CEO Ankiti Bose Case: Lawsuit Filed in HC Against Dhruv Kapoor, Aadi Vaidya for Alleged Defamation

American Express Opens Largest Global Campus In India, Introduces Sustainable Work Environment - Details

Read. Lead. Succeed. ET Prime - For Members Only

• Sharp Insight-rich, Indepth stories across 20+ sectors
• Access the exclusive Economic Times stories, Editorial and Expert opinion

How 2Point2 Capital’s bet on Safari got it a suitcase full of returns

Synopsis Under industry veteran Sudhir Jatia, Safari’s topline has recorded a CAGR of 29% over the last decade. In comparison, this stands at 10% for market leader VIP. Despite being a mass-market brand, Safari not only survived the pandemic but also has emerged stronger, eating into the market share of unorganised luggage makers as well as premium brands.

When Savi Jain, co-founder of 2Point2 Capital Advisors, a portfolio management service (PMS) fund, took a bet on Safari Industries in 2016, the company had a market capitalisation of less than INR400 crore. As a value investor, Jain always looks for stocks trading at a lower valuation but have huge potential to do well in the future. He typically hunts for small-cap stocks where he can take a concentrated position for a longer period and wait

Gift A Story

Share member-only stories with your friends or family and help them read it for free.

Gifting Limit Reached!

Hey , no more stories left for you to gift.

No worries! You will get a limit of 15 stories next month to share with your friends and family.

Stories Left!

You can gift upto 15 stories in a month.

LINK COPIED

• FONT SIZE Abc Small Abc Medium Abc Large

Uh-oh! This is an exclusive story available for selected readers only.

Worry not. You’re just a step away.

Prime Account Detected!

It seems like you're already an ETPrime member with

Login using your ET Prime credentials to enjoy all member benefits

Log out of your current logged-in account and log in again using your ET Prime credentials to enjoy all member benefits.

To read full story, subscribe to ET Prime

₹34 per week

Billed annually at ₹2499 ₹1749

Super Saver Sale - Flat 30% Off

On ET Prime Membership

Unlock this story and enjoy all members-only benefits.

Offer Exclusively For You

Save up to Rs. 700/-

ON ET PRIME MEMBERSHIP

Get 1 Year Free

With 1 and 2-Year ET prime membership

Get Flat 40% Off

Then ₹ 1749 for 1 year

ET Prime at ₹ 49 for 1 month

Stay Ahead in the New Financial Year

Get flat 20% off on ETPrime

90 Days Prime access worth Rs999 unlocked for you

Find this comment offensive?

Choose your reason below and click on the Report button. This will alert our moderators to take action

Reason for reporting:

Your Reason has been Reported to the admin.

To post this comment you must

Log In/Connect with:

Fill in your details:

Will be displayed

Will not be displayed

Share this Comment:

Investcorp exits luggage manufacturer Safari Industries with 102% return on investment

Shares of safari industries (india) ltd ended at rs 3,809.00, up by rs 72.00, or 1.93 percent on the bse..

Share Market Live

• Candlesticks Book
• Stock Compare
• Superstar Portfolio
• Stock Buckets
• Nifty Heatmap
• *Now Available in Hindi

Fundamental Analysis of Safari Industries – Financials, Future Plans & More

by Trade Brains | Jul 21, 2023 | Case Study , Financials , Market | 2 comments

Fundamental Analysis of Safari Industries: When going on vacations, whether it’s a short weekend getaway or an extended vacation, backpacks and luggage are the important companions that accompany us.

With the travel industry picking its pace after its decline during covid, one company in the luggage Industries has given magnificent returns on its shares.

The stock we are talking about is Safari Industries, a stock held by the ace investor Ashish Kacholia. Since its lows during covid, the stock has given a multi-bagger of 785% to its investors.

In this article, we will conduct a fundamental analysis of safari industries and see if the stock has future potential to increase in the future.

Note: If you want to learn Candlesticks and Chart Trading from Scratch, here’s the best book available on Amazon ! Get the book now!

Table of Contents

Fundamental Analysis Of Safari Industries

In this article about Fundamental Analysis Of Safari Industries, we shall look at industry overview, company overview and financials reports and much more

Industry Overview

The luggage industry in India is growing rapidly and has a bright future. The total market size for luggage is around INR 50,000 crore, with branded luggage accounting for 25% of the market. Retail sales have increased significantly due to travel and weddings.

The industry is experiencing a transition from an unorganized to an organized sector. This shift is driven by factors such as rising disposable income, increased e-commerce presence in smaller towns and rural areas, and greater awareness of brands.

Changes in consumer travel habits, such as solo trips, multiple trips in a year, weekend getaways, and international travel, have resulted in people replacing their luggage more frequently. 

In this industry, the three leading companies—VIP, Samsonite, and Safari—control approximately 70% of the organized market. From FY22-FY23, the industry is expected to grow at a CAGR of 15%.

Company Overview

Safari Industries (India) Ltd was incorporated by Mehta and the family in 1980. The company is engaged in the business of manufacturing and trading luggage and luggage accessories under the Safari brand.

The company manufactures its hard luggage using PolyPropylene (PP) and Polycarbonate (PC) at its manufacturing plant located in Halol, Gujarat. The soft luggage is basically imported by the company and is made from a variety of fabrics.

In recent years, the company has successfully set up its own manufacturing facility, resulting in reduced dependence on external manufacturers. This strategic move has played a significant role in driving revenue growth and expanding profit margins.

During FY22-23, the company is expected to grow at a CAGR of 19% which is greater than the industry average.

Safari Industries – Financials

We will now perform a Fundamental Analysis of Safari Industries Limited using the company’s annual reports.

Revenue and Net Profit Growth

The profit and loss account of the company shows that its revenues had decreased significantly in FY21 which was a time of covid. But it managed to pick up its pack immediately in the next financial year. 

For FY23, the company has recorded a total revenue of Rs 1221.44 Crores. This gives the company a CAGR growth of 20.52% in its revenue between FY19-FY23.

The table below shows the total revenues of Safari Industries for 5 financial years:

The profits of the company have also followed a similar trend reporting a net loss of Rs. 20.89 crores in FY21. But on an overall basis, the company’s profit has increased from Rs 27.20 crores in FY19 to Rs.125.08 crores in FY23. This gives the company a CAGR growth of 46.44%.

The table below shows the net profit of Safari Industries for 5 financial years:

The profits of the company have increased exponentially during our period of analysis. Let us now study how the company has now performed on the margins front.

Margin Analysis

Both the operating profit margin and the net profit margin of the company maintain a constant pace with an exception to FY21. But during FY23, both the operating profit and net profit margins have doubled to 14.27% and 10.32%. 

This is due to the huge increase in the company’s revenue which has led to a decrease in operating expenses.

The table below shows the operating profit margins and net profit margins of Safari Industries for 5 financial years:

Return Ratios: RoCE and RoE

The company’s return ratios also indicate a positive outlook on the performance of the company.

For FY23, both the RoE and RoCE have increased exceptionally during FY23 after a steady drop in the previous financial years. 

A High RoE indicates that the company has generated high returns on the capital invested by its shareholders. A high Rpce is an indication of the company effectively utilizing its overall resources

The table below shows the ROE and ROCE of Safari industries for 5 financial years:

Debt-to-equity ratio

The debt-to-equity ratio of the company indicates that the company has consistently decreased its borrowings year-on-year even during the time of covid. Despite the still increase in the ratio in FY23, the amount of debt is still negligible compared to the company’s equity.

This means that the firm may keep more of its revenue because it does not have a large commitment to repay debt and interest.

The table below shows the Debt-to-equity ratio of Safari Industries for 5 financial years:

Future Plans Of Safari Industries

So far we looked at the previous fiscals’ data for our fundamental analysis of Safari Industries. This section will attempt to make sense of what lies ahead for the company and its shareholders.

• The company currently operates in 80 stores and it is planning to operate in almost 140 stores by the end of next year.
• The company aims to increase its revenue by 33% from FY22 to FY25.
• The company intends to open four retail sites every month in order to enhance profits through efficient operations.
• The company has plans of expanding its products n the premium which give a boost to its margins over the next two to three years.

Key Metrics Of Safari Industries

We are almost at the end of our fundamental analysis of Safari Industries. Let’s take a quick look at the stock’s important metrics.

Ashish Kacholias’ Holdings in Safari Industries

During the March quarter of 2020, Ashish Kacholia made an initial investment in Safari Industries, purchasing 3,83,415 shares of the company. This initial investment represented 1.71% of the total shares of the company.

Over the subsequent quarters, Ashish Kacholia has made many adjustments to his holdings. As of the June quarter, his portfolio consists of 543,000 shares, which now account for 2.29% of the total shares of Safari Industries.

As we conclude our fundamental analysis of Safari Industries Limited, we can draw the conclusion that the rise in the stock prices is backed by the exponential increase in its revenue and profit in FY23.

Based on the company’s plans, there is still room for the stock price to rise further, as long as the profits continue to grow in the future.

Written By – Aaron Vas

By utilizing the stock screener , stock heatmap , portfolio backtesting , and stock compare tool on the Trade Brains portal, investors gain access to comprehensive tools that enable them to identify the best stocks also get updated with stock market news , and make well-informed investment decisions.

Start Your Stock Market Journey Today!

Want to learn Stock Market trading and Investing? Make sure to check out exclusive Stock Market courses by FinGrad, the learning initiative by Trade Brains. You can enroll in FREE courses and webinars available on FinGrad today and get ahead in your trading career. Join now!!

Agreed. Good fundamentals. However, PB ratio is really a concern. Can this offset the future growth? An investor should definitely be convinced this before investing.

This article help me a lot, Thanks

Submit a Comment Cancel reply

Your email address will not be published. Required fields are marked *

Search Topic or Keyword

Trending articles.

Recent IPO’s

• JNK India IPO Review 2024 – GMP, Financials And More
• Bharti Hexacom IPO Review 2024 – GMP, Financials And More
• SRM Contractors IPO Review 2024 – GMP, Financials And More
• Krystal Integrated Services IPO Review 2024 – GMP, Financials & More
• Popular Vehicles IPO Review – GMP, Financials & More

Easiest Stock Screener Tool!

Best stock discovery tool with +130 filters, built for fundamental analysis. Profitability, Growth, Valuation, Liquidity, and many more filters. Search Stocks Industry-wise, Export Data For Offline Analysis, Customizable Filters.

• — Stock Screener
• — Compare Stocks
• — Stock Buckets
• — Portfolio Backtesting

Start your stock analysis journey with Trade Brains Portal today. Launch here !

Keep the Learning On!

Subscribe to Youtube to watch our latest stock market videos. Subscribe here .

News . Data . Research

Categories Research Summary , Travelling

Safari Industries: Reaching for the Sky

Safari Industries (India) Ltd. is a prominent player in the luggage and travel accessories industry in India. The company has a rich history dating back to its establishment in 1974. Safari Industries primarily focuses on manufacturing and marketing a wide range of products, including hard and soft luggage, backpacks, duffel bags, and travel accessories. 

*As of 28.06.2023

Company Description:

Safari Industries offers a diverse product portfolio catering to different market segments. The company’s products are manufactured in state-of-the-art production facilities located in Maharashtra and Himachal Pradesh, India. Safari Industries has an extensive distribution network comprising exclusive showrooms, multi-brand outlets, modern retail stores, and e-commerce platforms. The company has adopted effective branding and marketing strategies to enhance its market presence and consumer reach.

The luggage and travel accessories market in India is growing rapidly, driven by increasing disposable incomes, rising travel and tourism activities, and changing consumer preferences. Safari Industries has established a strong presence in the market and has successfully captured a significant market share. The report examines the company’s competitive positioning, market share, and strategies to leverage market opportunities. Consumer trends and demand drivers are analyzed to gauge future growth prospects for Safari Industries.

Financial Results:

• Safari Industries (India) Ltd reported revenues for Q4FY23 of ₹303.00 Crores up from ₹193.00 Crore year on year, a rise of 56.99%.
• Total Expenses for Q4FY23 of ₹244.00 Crores up from ₹176.00 Crores year on year, a rise of 38.64%.
• Consolidated Net Profit of ₹38.00 Crores up 1800.0% from  ₹2.00 Crores in the same quarter of the previous year.
• The Earnings per Share is ₹16.06, up 1,400.93% from ₹1.07 in the same quarter of the previous year.

SWOT Analysis:

• Established Brand Presence: Safari Industries has a long-standing presence in the luggage and travel accessories industry. The company’s brand is well-recognized and trusted by consumers, contributing to customer loyalty and repeat business.
• Diverse Product Range: Safari Industries offers a wide range of products, including hard and soft luggage, backpacks, duffel bags, and travel accessories. This diverse portfolio allows the company to cater to different customer segments and meet varying consumer needs.
• Strong Distribution Network: The company has built a robust distribution network, comprising exclusive showrooms, multi-brand outlets, modern retail stores, and e-commerce platforms. This extensive reach enables Safari Industries to access a large customer base and enhance market penetration.

Weaknesses:

• Dependence on the Luggage Industry: Safari Industries’ revenue is heavily dependent on the luggage industry. Any downturn or fluctuations in the industry can impact the company’s financial performance and growth prospects.
• Exposure to Raw Material Price Fluctuations: As a manufacturer, Safari Industries is vulnerable to fluctuations in raw material prices, such as plastics, metals, and fabrics. Price volatility can impact the company’s profit margins and overall cost structure.

Opportunities:

• Growing Travel and Tourism Industry: The expanding travel and tourism industry in India presents a significant opportunity for Safari Industries. As more people travel for leisure and business purposes, the demand for luggage and travel accessories is expected to rise, providing the company with potential growth avenues.
• Expanding Middle-Class Segment: The rising middle-class population in India has led to increased disposable incomes and a greater propensity to travel. This demographic shift creates a favorable market environment for Safari Industries to target the growing consumer base and drive sales.
• E-commerce Growth: The rapid growth of e-commerce platforms offers Safari Industries an opportunity to expand its online presence and reach a wider audience. By leveraging digital platforms, the company can tap into the growing trend of online shopping and boost its sales and market share.
• Intense Competition: The luggage and travel accessories industry in India is highly competitive, with several established players and new entrants vying for market share. Intense competition can put pressure on Safari Industries’ pricing, margins, and market positioning.
• Changing Consumer Preferences: Consumer preferences and trends in the luggage industry are subject to change. Safari Industries needs to stay attuned to evolving consumer demands, such as eco-friendly and innovative products, and adapt its product offerings accordingly to remain competitive.
• Economic Volatility: Economic fluctuations, inflation, and changes in consumer spending patterns can pose threats to Safari Industries’ business. During economic downturns, consumers may cut back on discretionary spending, impacting the demand for luggage and travel accessories.

Most Popular

Cochin shipyard ltd (cochinship) q4 fy22 earnings concall transcript.

Cochin Shipyard Limited (NSE:COCHINSHIP) Q4 FY22 Earnings Concall dated May. 26, 2022 Corporate Participants: Madhu S Nair -- Chairman & Managing Director Jose V J -- Director Finance Analysts: Vastupal Shah

All you need to know about Antony Waste Handling Cell in one article

Can you guess the name of the company that was listed during the IPO frenzy in 2020 and is the second largest player in the Indian municipal waste management industry?

Demystifying the Leading Non-Ferrous Recycling Company of India

“Hey, how is the market doing today?” “Oh!, its falling tremendously since morning” I am sure news like these might be a common topic of discussion for you nowadays. Interestingly,

Related Articles

Safari industries (india) ltd q3fy24; 26% rise in profits, safari industries (india) ltd q2fy24; 54% rise in profits, safari industries (india) ltd q1fy24; 85% rise in profits, safari industries ltd q4fy23 results out, revenue grows by 57%.

You are using an outdated browser. Please upgrade your browser to improve your experience and security.

• Moneycontrol Trending Stock
• Infosys  INE009A01021, INFY, 500209
• State Bank of India  INE062A01020, SBIN, 500112
• Yes Bank  INE528G01027, YESBANK, 532648
• Bank Nifty 
• Nifty 500  
• Mutual Funds
• Commodities
• Futures & Options
• Cryptocurrency
• My Portfolio
• My Watchlist
• FREE Credit Score ₹100 Cash Reward
• My Messages
• Price Alerts
• Chat with Us
• Download App

Follow us on:

Safari Industries Q4 PAT seen up 9.3% YoY to Rs. 41.6 cr: Prabhudas Lilladher

Net Sales are expected to increase by 27.2 percent Y-o-Y (down 0.8 percent Q-o-Q) to Rs. 385.1 crore, according to Prabhudas Lilladher.

Prabhudas Lilladher has come out with its fourth quarter (January-March’ 24) earnings estimates for the Travel & Tourism sector. The brokerage house expects Safari Industries to report net profit at Rs. 41.6 crore up 9.3% year-on-year (down 3% quarter-on-quarter).

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 15.4 percent Y-o-Y (down 1.4 percent Q-o-Q) to Rs. 67.2 crore.

Disclaimer : The views and investment tips expressed by investment experts on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

Prabhudas_Travel & Tourism

Discover the latest business news , Sensex , and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

You got 30 Day’s Trial of

• Ad-Free Experience

• Actionable Insights
• MC Research
• Economic Calendar

You are already a Moneycontrol Pro user.

Access your Detailed Credit Report - absolutely free

• SAFARI INDUSTRIES (INDIA) LTD.
• SECTOR : TEXTILES APPARELS & ACCESSORIES
• INDUSTRY : OTHER APPARELS & ACCESSORIES

Safari Industries (India) Ltd.

NSE: SAFARI | BSE: 523025

Expensive Performer

2113.55 24.30 ( 1.16 %)

77.81% Gain from 52W Low

30,779 NSE+BSE Volume

NSE 30 Apr, 2024 3:31 PM (IST)

• Share on Facebook
• Share on LinkedIn
• Share via Whatsapp

Broker average target upside potential%

Broker 1Year buys

2 active buys

Broker 1Year sells

0 active sells

Broker 1Year neutral

0 active holds

Broker 1M Reco upgrade

0 Broker 1M Reco upgrade

Safari Industries (India) Ltd. share price target

Safari industries (india) ltd. has an average target of 2607. the consensus estimate represents an upside of 23.35% from the last price of 2113.55. view 4 reports from 2 analysts offering long-term price targets for safari industries (india) ltd...

• Recent Upgrades
• Recent Downgrades
• Sector Updates
• Most Recent

40 Facts About Elektrostal

Written by Lanette Mayes

Modified & Updated: 02 Mar 2024

Reviewed by Jessica Corbett

Elektrostal is a vibrant city located in the Moscow Oblast region of Russia. With a rich history, stunning architecture, and a thriving community, Elektrostal is a city that has much to offer. Whether you are a history buff, nature enthusiast, or simply curious about different cultures, Elektrostal is sure to captivate you.

This article will provide you with 40 fascinating facts about Elektrostal, giving you a better understanding of why this city is worth exploring. From its origins as an industrial hub to its modern-day charm, we will delve into the various aspects that make Elektrostal a unique and must-visit destination.

So, join us as we uncover the hidden treasures of Elektrostal and discover what makes this city a true gem in the heart of Russia.

Key Takeaways:

• Elektrostal, known as the “Motor City of Russia,” is a vibrant and growing city with a rich industrial history, offering diverse cultural experiences and a strong commitment to environmental sustainability.
• With its convenient location near Moscow, Elektrostal provides a picturesque landscape, vibrant nightlife, and a range of recreational activities, making it an ideal destination for residents and visitors alike.

Known as the “Motor City of Russia.”

Elektrostal, a city located in the Moscow Oblast region of Russia, earned the nickname “Motor City” due to its significant involvement in the automotive industry.

Home to the Elektrostal Metallurgical Plant.

Elektrostal is renowned for its metallurgical plant, which has been producing high-quality steel and alloys since its establishment in 1916.

Boasts a rich industrial heritage.

Elektrostal has a long history of industrial development, contributing to the growth and progress of the region.

Founded in 1916.

The city of Elektrostal was founded in 1916 as a result of the construction of the Elektrostal Metallurgical Plant.

Located approximately 50 kilometers east of Moscow.

Elektrostal is situated in close proximity to the Russian capital, making it easily accessible for both residents and visitors.

Known for its vibrant cultural scene.

Elektrostal is home to several cultural institutions, including museums, theaters, and art galleries that showcase the city’s rich artistic heritage.

A popular destination for nature lovers.

Surrounded by picturesque landscapes and forests, Elektrostal offers ample opportunities for outdoor activities such as hiking, camping, and birdwatching.

Hosts the annual Elektrostal City Day celebrations.

Every year, Elektrostal organizes festive events and activities to celebrate its founding, bringing together residents and visitors in a spirit of unity and joy.

Has a population of approximately 160,000 people.

Elektrostal is home to a diverse and vibrant community of around 160,000 residents, contributing to its dynamic atmosphere.

Boasts excellent education facilities.

The city is known for its well-established educational institutions, providing quality education to students of all ages.

A center for scientific research and innovation.

Elektrostal serves as an important hub for scientific research, particularly in the fields of metallurgy, materials science, and engineering.

Surrounded by picturesque lakes.

The city is blessed with numerous beautiful lakes, offering scenic views and recreational opportunities for locals and visitors alike.

Well-connected transportation system.

Elektrostal benefits from an efficient transportation network, including highways, railways, and public transportation options, ensuring convenient travel within and beyond the city.

Famous for its traditional Russian cuisine.

Food enthusiasts can indulge in authentic Russian dishes at numerous restaurants and cafes scattered throughout Elektrostal.

Home to notable architectural landmarks.

Elektrostal boasts impressive architecture, including the Church of the Transfiguration of the Lord and the Elektrostal Palace of Culture.

Offers a wide range of recreational facilities.

Residents and visitors can enjoy various recreational activities, such as sports complexes, swimming pools, and fitness centers, enhancing the overall quality of life.

Provides a high standard of healthcare.

Elektrostal is equipped with modern medical facilities, ensuring residents have access to quality healthcare services.

Home to the Elektrostal History Museum.

The Elektrostal History Museum showcases the city’s fascinating past through exhibitions and displays.

A hub for sports enthusiasts.

Elektrostal is passionate about sports, with numerous stadiums, arenas, and sports clubs offering opportunities for athletes and spectators.

Celebrates diverse cultural festivals.

Throughout the year, Elektrostal hosts a variety of cultural festivals, celebrating different ethnicities, traditions, and art forms.

Electric power played a significant role in its early development.

Elektrostal owes its name and initial growth to the establishment of electric power stations and the utilization of electricity in the industrial sector.

Boasts a thriving economy.

The city’s strong industrial base, coupled with its strategic location near Moscow, has contributed to Elektrostal’s prosperous economic status.

Houses the Elektrostal Drama Theater.

The Elektrostal Drama Theater is a cultural centerpiece, attracting theater enthusiasts from far and wide.

Popular destination for winter sports.

Elektrostal’s proximity to ski resorts and winter sport facilities makes it a favorite destination for skiing, snowboarding, and other winter activities.

Promotes environmental sustainability.

Elektrostal prioritizes environmental protection and sustainability, implementing initiatives to reduce pollution and preserve natural resources.

Home to renowned educational institutions.

Elektrostal is known for its prestigious schools and universities, offering a wide range of academic programs to students.

Committed to cultural preservation.

The city values its cultural heritage and takes active steps to preserve and promote traditional customs, crafts, and arts.

Hosts an annual International Film Festival.

The Elektrostal International Film Festival attracts filmmakers and cinema enthusiasts from around the world, showcasing a diverse range of films.

Encourages entrepreneurship and innovation.

Elektrostal supports aspiring entrepreneurs and fosters a culture of innovation, providing opportunities for startups and business development.

Offers a range of housing options.

Elektrostal provides diverse housing options, including apartments, houses, and residential complexes, catering to different lifestyles and budgets.

Home to notable sports teams.

Elektrostal is proud of its sports legacy, with several successful sports teams competing at regional and national levels.

Boasts a vibrant nightlife scene.

Residents and visitors can enjoy a lively nightlife in Elektrostal, with numerous bars, clubs, and entertainment venues.

Promotes cultural exchange and international relations.

Elektrostal actively engages in international partnerships, cultural exchanges, and diplomatic collaborations to foster global connections.

Surrounded by beautiful nature reserves.

Nearby nature reserves, such as the Barybino Forest and Luchinskoye Lake, offer opportunities for nature enthusiasts to explore and appreciate the region’s biodiversity.

Commemorates historical events.

The city pays tribute to significant historical events through memorials, monuments, and exhibitions, ensuring the preservation of collective memory.

Promotes sports and youth development.

Elektrostal invests in sports infrastructure and programs to encourage youth participation, health, and physical fitness.

Hosts annual cultural and artistic festivals.

Throughout the year, Elektrostal celebrates its cultural diversity through festivals dedicated to music, dance, art, and theater.

Provides a picturesque landscape for photography enthusiasts.

The city’s scenic beauty, architectural landmarks, and natural surroundings make it a paradise for photographers.

Connects to Moscow via a direct train line.

The convenient train connection between Elektrostal and Moscow makes commuting between the two cities effortless.

A city with a bright future.

Elektrostal continues to grow and develop, aiming to become a model city in terms of infrastructure, sustainability, and quality of life for its residents.

In conclusion, Elektrostal is a fascinating city with a rich history and a vibrant present. From its origins as a center of steel production to its modern-day status as a hub for education and industry, Elektrostal has plenty to offer both residents and visitors. With its beautiful parks, cultural attractions, and proximity to Moscow, there is no shortage of things to see and do in this dynamic city. Whether you’re interested in exploring its historical landmarks, enjoying outdoor activities, or immersing yourself in the local culture, Elektrostal has something for everyone. So, next time you find yourself in the Moscow region, don’t miss the opportunity to discover the hidden gems of Elektrostal.

Q: What is the population of Elektrostal?

A: As of the latest data, the population of Elektrostal is approximately XXXX.

Q: How far is Elektrostal from Moscow?

A: Elektrostal is located approximately XX kilometers away from Moscow.

Q: Are there any famous landmarks in Elektrostal?

A: Yes, Elektrostal is home to several notable landmarks, including XXXX and XXXX.

Q: What industries are prominent in Elektrostal?

A: Elektrostal is known for its steel production industry and is also a center for engineering and manufacturing.

Q: Are there any universities or educational institutions in Elektrostal?

A: Yes, Elektrostal is home to XXXX University and several other educational institutions.

Q: What are some popular outdoor activities in Elektrostal?

A: Elektrostal offers several outdoor activities, such as hiking, cycling, and picnicking in its beautiful parks.

Q: Is Elektrostal well-connected in terms of transportation?

A: Yes, Elektrostal has good transportation links, including trains and buses, making it easily accessible from nearby cities.

Q: Are there any annual events or festivals in Elektrostal?

A: Yes, Elektrostal hosts various events and festivals throughout the year, including XXXX and XXXX.

Was this page helpful?

Our commitment to delivering trustworthy and engaging content is at the heart of what we do. Each fact on our site is contributed by real users like you, bringing a wealth of diverse insights and information. To ensure the highest standards of accuracy and reliability, our dedicated editors meticulously review each submission. This process guarantees that the facts we share are not only fascinating but also credible. Trust in our commitment to quality and authenticity as you explore and learn with us.

Share this Fact: