Safari Industries Faces Technical Outlook Shift Amid Declining Quarterly Profits

Safari Industries (India), a midcap player in the plastic products industry, has recently undergone an evaluation adjustment that reflects a shift in its technical outlook. This revision in its score highlights a transition in the technical trend, moving from a mildly bearish stance to a more bearish position.
Key financial metrics indicate that the company has faced challenges in its recent quarterly performance, particularly in Q3 FY24-25, where both profit before tax and profit after tax have shown declines. Despite these setbacks, Safari Industries maintains a strong management efficiency, evidenced by a return on capital employed (ROCE) of 18.59%. The company also demonstrates a robust ability to manage its debt, with a healthy EBIT to interest ratio.

In terms of growth, Safari Industries has reported a notable annual increase in net sales and operating profit, suggesting potential for long-term stability. Additionally, the company enjoys significant institutional holdings, which have seen a slight increase, indicating a level of confidence among larger investors.

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