Safari Industries (India)NSE:SAFARI -0.51%75 Net Margin % is 7.92% as of Mar. 2026, which is 60% above its 10-year median of 4.94. GuruFocus rates NSE:SAFARI with a GF Score™ of 75/100 and a GF Value™ of ₹2,675.00 (Possible Value Trap). The stock has 2 warning signs investors should review. Among 1,040 Manufacturing - Apparel & Accessories companies, Safari Industries (India) ranks better than 79.13% on this metric.
The historical rank and industry rank for Safari Industries (India)'s Net Margin % or its related term are showing as below:
NSE:SAFARI'
s Net Margin % Range Over the Past 10 Years
Min: -6.4 Med: 4.94 Max: 11.36
Current: 8.2
NSE:SAFARI's Net Margin % is ranked better than 79.13% of 1040
companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 2.58
vs NSE:SAFARI: 8.20
Safari Industries (India) (NSE:SAFARI) Net Margin % Explanation
Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.
But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.
Safari Industries (India) Net Margin % Related Terms
Safari Industries (India) Net Margin % Historical Data
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
NSE:SAFARI vs NKE, DECK, ONON: Net Margin % Comparison
For the Footwear & Accessories subindustry, Safari Industries (India)'s Net Margin %, along with its competitors' market caps and Net Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Safari Industries (India) Net Margin % vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Safari Industries (India)'s Net Margin % distribution charts can be found below:
* The bar in red indicates where Safari Industries (India)'s Net Margin % falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Safari Industries (India) (NSE:SAFARI) has a Net Margin % of 7.92% as of Mar. 2026. Net margin is the ratio of total net income to net sales. View historical data on Safari Industries (India) and its competitors. This is 60% above median its historical median of 4.94. According to the industry distribution chart, Safari Industries (India) ranks #217 out of 1040 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 20.9%.
Is Safari Industries (India)'s Net Margin % too high?
Safari Industries (India)'s current Net Margin % of 7.92% is 60% above median its 10-year median of 4.94. The Manufacturing - Apparel & Accessories industry median Net Margin % is 2.58. Safari Industries (India)'s value of 7.92% is 207% above this industry median. Based on the distribution chart, Safari Industries (India) ranks #217 out of 1040 companies in the Manufacturing - Apparel & Accessories industry, which is in the top quartile — a strong position relative to peers. Overall, Safari Industries (India) has a GF Score™ of 75/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Safari Industries (India)'s Net Margin % compare to NKE and DECK?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Safari Industries (India) ranks #217 out of 1040 companies for Net Margin %. This places Safari Industries (India) in the top 21% of its industry — outperforming the majority of peers. The industry median Net Margin % is 2.58. Safari Industries (India)'s value of 7.92% is 207% above this benchmark. While the company's 10-year median is 4.94 vs. the industry median of 2.58, Safari Industries (India) has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net Margin % for a Manufacturing - Apparel & Accessories company?
The median Net Margin % among Manufacturing - Apparel & Accessories companies is 2.58, based on 1,040 companies in the industry. Companies in the top quartile (top 25%) have a Net Margin % significantly above this median, while those in the bottom quartile fall well below. However, Net Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Safari Industries (India)'s current Net Margin % of 7.92% is 207% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Net Margin % mean?
A high Net Margin % can signal that a stock is expensive relative to its fundamentals. Net margin is the ratio of total net income to net sales. View historical data on Safari Industries (India) and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Net Margin % is 2.58 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Safari Industries (India)'s current Net Margin % is 7.92%, which is 60% above median its own 10-year median of 4.94. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Safari Industries (India) stock overvalued right now?
Based on GuruFocus' analysis, Safari Industries (India) (NSE:SAFARI) is currently considered Possible Value Trap. The stock's GF Value™ is ₹2,675.00, compared to a current price of ₹1,590.60 — trading 40.5% below its estimated fair value. The current Net Margin % is 7.92%, which is 60% above median its 10-year median of 4.94 and 207% above the Manufacturing - Apparel & Accessories industry median of 2.58. Safari Industries (India)'s overall GF Score™ is 75/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net Margin % calculated?
Net Margin % is calculated from a company's financial statements. For Safari Industries (India) (NSE:SAFARI), the current Net Margin % is 7.92% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Safari Industries (India) (NSE:SAFARI) Overvalued in 2026?
Based on GuruFocus' analysis, Safari Industries (India) stock appears to be undervalued.
The current stock price of ₹1,590.60 is trading 40.5% below its estimated GF Value™ of ₹2,675.00.
GuruFocus considers Safari Industries (India) to be Possible Value Trap.
Key valuation signals for NSE:SAFARI:
Net Margin %: 7.92% (60% above median its 10-year median of 4.94)
GF Value™: ₹2,675.00 vs. price of ₹1,590.60 (40.5% below fair value)
Industry Position: 207% above the Manufacturing - Apparel & Accessories median (#217 of 1040)
No single metric tells the full story. See the NSE:SAFARI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Safari Industries (India) Ltd is an India-based company engaged in the manufacturing and marketing of luggage and luggage accessories. The company offers Hard luggage cases and Soft luggage cases. The company's product range includes Laptop bags, Backpacks, suitcases, four and two-wheel trolleys, Duffle bags, and Rolling duffle bags, and others.
75GF Score
Get the complete analysis for NSE:SAFARI
Net Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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