ALFA Finder
The call ran from 6:59 PM to 8:06 PM IST (1 h 8 min).
Key takeaways
H1 FY27 revenue fell 31% to ₹77.87 Cr. Management blames deferred orders and rollouts, and reiterates FY27 20-25% growth with minimal visibility.
| Management target | Revenue 20.0% FY27 |
|---|
| Revenue growth | H1 revenue −31% YoY; management blames ₹23 Cr deferred dispatch. |
|---|---|
| Margins | EBITDA margin 32.9% vs 37.7% (−4.8ppt); PAT margin 27.9% vs 29.6%. |
| Order book | No formal order book; ₹23 Cr advance-received orders slipped to Q3. |
| Demand visibility | Verbal 'indications' only; no order book; rollouts 'rescheduled' to H2. |
| Management confidence | Defensive on pipeline; repeatedly deflected visibility and predictability questions. |
Growth
Revenue −31% to ₹77.87 Cr; EBITDA margin down 4.8ppt to 32.9%. ₹270 Cr FY27 implies ~+80% H2 growth.
Outlook
FY27: 20-25% revenue growth, ~₹270 Cr target; Ambernath plant live late December 2026; Wave excluded from guidance.
Risks
No order book; visibility rests on verbal indications; analyst-cited top-10 concentration ~95%; FY27 guidance cut from 25-30%.
Summary by ALFA Finder, written with AI assistance from the earnings call transcript the company filed, published . Open it on ALFA Filings ›
The results behind this call
Safe Enterprises Retail Fixtures H1 FY27 Results: Net Profit ₹21.8 Cr, Down 34.3% YoY
Safe Enterprises Retail Fixtures Ltd reported revenue from operations of ₹77.9 Cr (-30.7% YoY) and net profit of ₹21.8 Cr (-34.3% YoY) for H1 FY27.
- Key figure
- Net profit ₹21.8 Cr · -34.3% YoY
What management said last time
Full summary →From the call summary published .
Outlook they gave
Ambernath plant commissioning in Q3 FY27; FY28 guidance: >₹400cr revenue and ₹100cr PAT.
Growth they described
Revenue grew 57% to ₹218.40cr; EBITDA up 60% to ₹79.1cr; PAT up 63% to ₹63.90cr.
Call details
| Company | Safe Enterprises Retail Fixtures Limited |
|---|---|
| NSE symbol | SAFEENTP |
| ISIN | INE17D601016 |
| Call | Q2 FY27 earnings call |
| Date | Friday, 6 November 2026 |
| Time | 7:00 PM IST |
| Length | 1 h 8 min |
Safe Enterprises Retail Fixtures Limited: key numbers
- Share price
- ₹207.70
- Market cap
- ₹968.0 Cr
- Revenue (annual)
- ₹173.1 Cr
- Net profit (annual)
- ₹53.96 Cr
- P/E (TTM)
- 17.9×Sector 46.1×
- Promoter holding
- 70.07%
- FII holding
- 1.18%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
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