Safari Industries (India) (NSE:SAFARI) ROCE %: 16.92% (As of Mar. 2026)


NSE:SAFARI Safari Industries (India) Ltd NSE:SAFARI
76 GF Score
Price ₹1,586.60
GF Value ₹2,675.00
Valuation Possible Value Trap
! 2 Warning Signs
View Full Analysis

What is Safari Industries (India) ROCE %?

Safari Industries (India) NSE:SAFARI -0.25% 76 ROCE % is 16.92% as of Mar. 2026. GuruFocus rates NSE:SAFARI with a GF Score™ of 76/100 and a GF Value™ of ₹2,675.00 (Possible Value Trap). The stock has 2 warning signs investors should review.

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Safari Industries (India)'s annualized ROCE % for the quarter that ended in Mar. 2026 was 16.92%.

Safari Industries (India)  (NSE:SAFARI) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Safari Industries (India) ROCE % Related Terms

Safari Industries (India) ROCE % Historical Data

* Premium members only.

The historical data trend for Safari Industries (India)'s ROCE % can be seen below:

* 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) ROCE % Chart

Safari Industries (India) Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 10.71 41.39 33.75 19.88 19.99

Safari Industries (India) Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
ROCE % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 19.73 25.94 22.06 15.61 16.92
NSE:SAFARI
76GF Score
Safari Industries (India) Ltd NSE:SAFARI
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Safari Industries (India) ROCE % Calculation

Safari Industries (India)'s annualized ROCE % for the fiscal year that ended in Mar. 2026 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Mar. 2026 )  (A: Mar. 2025 )(A: Mar. 2026 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Mar. 2026 )  (A: Mar. 2025 )(A: Mar. 2026 )
=2249.5/( ( (13191.7 - 2760.3) + (14464 - 2388.1) )/ 2 )
=2249.5/( (10431.4+12075.9)/ 2 )
=2249.5/11253.65
=19.99 %

Safari Industries (India)'s ROCE % of for the quarter that ended in Mar. 2026 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=2042.8/( ( (0 - 0) + (14464 - 2388.1) )/ 1 )
=2042.8/( ( 0 + 12075.9 )/ 1 )
=2042.8/12075.9
=16.92 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT 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.

Frequently Asked Questions Learn more about ROCE % →
What does a ROCE % of 16.92% mean?
Safari Industries (India) (NSE:SAFARI) has a ROCE % of 16.92% as of Mar. 2026.
Is Safari Industries (India)'s ROCE % too high?
Safari Industries (India)'s current ROCE % is 16.92%. The Manufacturing - Apparel & Accessories industry median ROCE % is 6.14. Safari Industries (India)'s value of 16.92% is 175.8% above this industry median. Overall, Safari Industries (India) has a GF Score™ of 76/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does Safari Industries (India)'s ROCE % compare to NKE and DECK?
Safari Industries (India)'s ROCE % of 16.92% can be compared against companies in the Manufacturing - Apparel & Accessories industry. The industry median ROCE % is 6.14. Safari Industries (India)'s value of 16.92% is 175.8% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROCE % for a Manufacturing - Apparel & Accessories company?
The median ROCE % among Manufacturing - Apparel & Accessories companies is 6.14, based on 1,040 companies in the industry. Companies in the top quartile (top 25%) have a ROCE % significantly above this median, while those in the bottom quartile fall well below. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Safari Industries (India)'s current ROCE % of 16.92% is 175.8% 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 ROCE % mean?
A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the Manufacturing - Apparel & Accessories industry, the median ROCE % is 6.14 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Safari Industries (India)'s current ROCE % is 16.92%. 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 ₹1,586.60 — trading 40.7% below its estimated fair value. The current ROCE % is 16.92% and 175.8% above the Manufacturing - Apparel & Accessories industry median of 6.14. Safari Industries (India)'s overall GF Score™ is 76/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROCE % calculated?
ROCE % is calculated from a company's financial statements. For Safari Industries (India) (NSE:SAFARI), the current ROCE % is 16.92% 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 ₹1,586.60 is trading 40.7% 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:

  • ROCE %: 16.92%
  • GF Value™: ₹2,675.00 vs. price of ₹1,586.60 (40.7% below fair value)
  • GF Score™: 76/100 with 2 warning signs
  • Industry Position: 175.8% above the Manufacturing - Apparel & Accessories median

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) Business Description

Other Exchanges 523025:India
Address A/2, MV Road, 302-303, A Wing, The Qube, CTS No. 1498, Marol, Andheri (East), Mumbai, MH, IND, 400059
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.
76GF Score

Get the complete analysis for NSE:SAFARI

ROCE % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹1,586.60
Price
₹2,675.00
GF Value