CRISIL reaffirms Safari Industries (India) at CRISIL AA-

What happened

Safari Industries (India) (NSE: SAFARI) informed the stock exchanges on 6 October 2026 at 03:02 PM that CRISIL has reaffirmed its credit rating at CRISIL AA-, covering facilities or instruments of about ₹150 crore.

From the filing: "Crisil CONFIDENTIAL Ratings RLJGDS18620/406194/BLR/1026/160604 October 05, 2026 Mr."

Company snapshot

Safari Industries (India) is a small-cap company in the Consumer Durables sector, with a market value of about ₹6,452 crore.

The stock last traded at ₹1,316.9, against a 52-week range of ₹1,299.2–₹2,507.1 (47.5% below the high).

Before this filing the shares had moved −13.3% over the month and −18.8% over three months. Average daily turnover over the last 20 sessions was about ₹6 crore.

Promoters held 44.70% at the end of Q1 FY27. Foreign institutions owned 10.56% and domestic institutions 28.26%.

What history shows

BCEIE has no earlier credit rating filing from this company on record since May 2026.

Across 33 similar disclosures by other Consumer Durables companies, shares moved −1.1% on average the next day and −0.7% over five days; 27% of them rose the next day.

Market-wide, 1,214 credit rating filings with an impact score of 50 or more saw an average next-day move of +0.1%, with 47% rising.

Past reactions describe what happened before; they are not a forecast.

What to watch

• Whether other agencies take a similar view on the company's credit.

In the news

Recent coverage elsewhere (links open the original publisher):

• Safari Industries Share Price near 52-week low, analysis — Univest, 1 Oct 2026
• Safari Industries’ Insight into Lightweight Luggage Preferences — MarkHub24, 26 Sept 2026
• Safari Industries (India) Ltd. 52 Week Low Streak Analysis — Univest, 5 Oct 2026
• Safari AirPro: Communicating Lightness in India's Luggage Market — MarkHub24, 30 Sept 2026

Source

• Exchange filing (PDF)