13 Nov 2025 | 3 Mins Read
Prabhudas Lilladher sets Rs 2570 as Buy target for Safari Industries
Flipitmoney
Safari Industries India reported a 4% revenue and 16% EBITDA beat. GM expanded 130bps to 47.1% due to benign RM prices and backward integration benefits. The company expects 17% sales CAGR over 3 years with EBITDA margins of 14.7%/15.6%/16.3% in FY26E/FY27E/FY28E. Prabhudas Lilladher retain a BUY rating with a target price of Rs2,570.