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Earnings Call Transcript

Safe Enterprises Retail Fixtures Earnings Call Transcript: 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.

Safe Enterprises Retail Fixtures Q2 FY27 concall: date, live audio and summaryConcall page →
Guidance and delivery
Management target Revenue 20.0% FY27
Highlights
Revenue growthH1 revenue −31% YoY; management blames ₹23 Cr deferred dispatch.
MarginsEBITDA margin 32.9% vs 37.7% (−4.8ppt); PAT margin 27.9% vs 29.6%.
Order bookNo formal order book; ₹23 Cr advance-received orders slipped to Q3.
Demand visibilityVerbal 'indications' only; no order book; rollouts 'rescheduled' to H2.
Management confidenceDefensive 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%.

Source

Earnings Call Transcript filed with NSE, NSE: SAFEENTP. Summary written with AI assistance from the document.

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Safe Enterprises Retail Fixtures Ltd: 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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