Safari industries CMP 2375 , potential to become double. – go to any good showroom and check for yourself . Co. has done fantastic rebranding & repositioning of their products in comparison to VIP industries. In March 2024, SIIL received as investment of Rs.229 Crores from Lighthouse Funds (Alternate Investment Fund -AIF). Group has announced capex of Rs.215 Crores for setting up a greenfield manufacturing unit in Jaipur, Rajasthan. Capex would lead to doubling its hard luggage capacity from ~6.5lac pieces per month to ~13lac pieces per month. The new capacities expected to become operational in H2FY25 and will help group to further penetrate in to North Indian market. With the capex expected to come online around December 2024, the revenues and margins are expected to see a further improvement from fiscal 2026
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