Rs 10 crore capacity expansion: This small-cap company reports 15x surge in net profit and declares stellar dividend!

The stock is up by 52 per cent in just 6 months and over 175 per cent in 1 year.

Safari Industries Ltd, a leading manufacturer of luggage bags and luggage accessories declares its Quarterly Results and annual results for the year ended March 31, 2023. Details below:  

Quarterly Results: The net sales increased by 57.21 per cent and the net profit increased by 1,488.99 per cent with EPS of Rs 16.06 in Q4FY23 compared to Q4FY22.      

Annual Results: The net sales increased by 71.87 per cent and net profit increased by 459.23 per cent with EPS of Rs 52.76 in FY23 compared to FY22.     

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Safari Industries is in the business of manufacturing and trading luggage and luggage accessories. There are two broad categories of luggage i.e., hard luggage and soft luggage. The shares of the company have a ROE of 35 per cent and a ROCE of 38 per cent.   

On Wednesday, shares of Safari Industries surged 0.67 per cent to Rs 2,474.85 per share with an intraday high of Rs 2,567.35 and an intraday low of Rs 2,415.   

The stock is up by 52 per cent in just 6 months and over 175 per cent in 1 year. Investors should keep an eye on this multibagger small-cap stock under the radar.