Ashish Kacholia’s portfolio company crosses a significant milestone of Rs 4,000 per share; do you own it?

3 October 2023
3 mins read
by Angel One
The shares of the company have delivered an impressive multibagger return of 920% in the last three years.
Ashish Kacholia’s portfolio company crosses a significant milestone of Rs 4,000 per share; do you own it?

Shares of Safari Industries, a prominent luggage maker in India engaged in the business of manufacturing and trading luggage and luggage accessories, experienced a notable surge today from the opening of the morning trading session. The stock of the company surged by approximately 7% today, achieving a 52-week high price of Rs 4,190 per share.

Moreover, the shares not only reached the significant milestone of Rs 4,000 per share but also continued to trade significantly above this price throughout the day. Ultimately, the shares of the company concluded the day at Rs 4,135 per share on the BSE.

In this article we are going to explore the stock price movement from Rs 100 to Rs 4000 per share and determine how many days or years it took for the stock to double:

Year 2014 2015 2017 2018 2022 2023 2023
Price in Rs 100 200 400 800 1600 3200 4000
Days 443 781 320 1502 328 56

Analysing the data, the stock took nearly one year, or 443 days, to double from Rs 100 to Rs 200 per share in August 2015. It doubled again to Rs 400 in the next 781 days or 2 years. Furthermore, it doubled once more to reach Rs 800 per share in the year 2018 within the following 320 days.

Additionally, it took the most time to double from Rs 800 to Rs 1600 per share, requiring 1,502 days, or four years. If we delve deeper, we can see that during the COVID pandemic, the share price fell and dipped below Rs 400 per share but fortunately rebounded from those levels.

Moreover, it doubled again in the year 2023 and reached Rs 3200 from Rs 1,600 per share. Subsequently, it reached a significant milestone of Rs 4,000 per share within the next 56 days.

The current market capitalisation of the company stands at Rs 9,834.85 crore, in addition to this the stock has generated a remarkable multibagger return of 920% in the three years.

Super Investor Investment

Shifting focus to Ashish Kacholia’s investment in the company, it’s worth noting that he currently holds a 2.29% stake in the company. This represents a slight reduction from his previous stake of 2.31% in the last quarter, which occurred during the June quarter.

Business Overview

Safari Industries (India) Limited is an Indian company primarily involved in the manufacturing and marketing of luggage and luggage accessories. The company offers a range of products, including luggage and backpacks. Within the luggage segment, Safari Industries provides various categories such as hard luggage, soft luggage, lightweight luggage, and TSA luggage.

The company offers several brands, including Safari, MAGNUM, GENiUS, and Genie. Additionally, Safari Industries Limited owns a wholly owned subsidiary known as Safari Lifestyles Limited.

Peer Comparison:

Company Name >> Safari Industries VIP Industries
CMP Rs 4135.40 665.90
M Cap Rs in Cr 9834.85 9,446.72
Sales Growth 5 year % 23.66 8.12
Profit Growth 5 year % 41.85 6.56
Price to Earning 66.46 57.02
ROCE % 37.49 27.85
ROE % 34.38 29.00
3-Years Return % 920.20 129.50

Compared to its direct competitor VIP Industries, Safari Industries has demonstrated significant performance in nearly every aspect, including financial performance as well as wealth generation for its investors. It looks more promising than VIP Industries.

Investors must keep this stock on their radar.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.