Safe Enterprises Retail Fixtures Ltd Share Price – NSE

Steel, Small Cap

On a consolidated basis, net revenue surged 94.6% YoY to Rs 112.38 crore in H1 FY26, compared with Rs 57.76 crore in H1 FY25, supported by rapid retail expansion among organized retail clients. Net profit (PAT) nearly doubled, climbing 96.1% YoY to Rs 33.25 crore, up from Rs 16.96 crore in H1 FY25.

EBITDA surged 85.4% YoY to Rs 44.50 crore, while the EBITDA margin stood at 39.6%, only slightly lower than 41.5% in the same period last year, supported by improved capacity utilization and operating leverage.

The company attributed its robust performance to enhanced capacity utilization, automation upgrades, and higher export orders, aided by new partnerships in the Middle East. A key highlight of the quarter was the successful implementation of an advanced robotic cell at its subsidiary, boosting scalability and reducing cycle time.

On the infrastructure front, Safe Enterprises added a leased facility in Mumbai and expanded its Pune plant by 46,505 sq. ft, ensuring sufficient production headroom until the new Ambernath plant becomes operational.

Consolidated net cash flow from operating activities stood at Rs 42.87 crore in H1 FY26, higher than a cash flow of Rs 32.33 crore in H1 FY25.

Mikdad Merchant, promoter & chief financial officer, said: The Indian retail landscape is undergoing a significant transformation ? driven by the rapid expansion of organized retail formats, experiential store concepts, and increasing investments from global brands entering the market. As retailers continue to modernize and consumers seek immersive in-store experiences, Safe Enterprises is well-positioned to capitalize on this momentum.

The company expects healthy double-digit growth in FY26, fueled by capacity expansion, automation-led efficiency, and strong order inflows from both domestic and global retail clients. Rising investments in organized retail and new store formats are expected to sustain growth momentum in the coming quarters.

Safe Enterprises Retail Fixtures is engaged in the business of designing, manufacturing, supplying, and installing shop fittings and retail fixtures, offering a wide range of customized in-store solutions across diverse retail segments such as fashion & apparel, electronics, departmental stores, and quick-service restaurants. The company provides comprehensive merchandising and display solutions addressing the evolving needs of modern retailers and brand marketers ? from conceptual design and prototyping to manufacturing and installation.

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Safe Enterprises Retail Fixtures will hold a meeting of the Board of Directors of the Company on 10 November 2025.

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The scrip was listed at Rs 151, a premium of 9.42% compared with the initial public offer (IPO) price. The stock was currently frozen at its upper limit of 5% over its listing price.

The counter hit a high of Rs 158.55 and a low of Rs 151. About 50.96 lakh shares of the company changed hands at the counter.

Safe Enterprises Retail Fixtures' IPO was subscribed 13.73 times. The issue opened for bidding on 20 June 2025 and it closed on 24 June 2025. The price band of the IPO was set at Rs 131 to Rs 138 per share.

The IPO comprised fresh issue of 1,23,00,000 equity shares. The promoter and promoter group shareholding diluted to 70.07% from 95.19% pre-issue.

The company intends to utilize the net proceeds for funding the capital expenditure requirements towards setting up of a new manufacturing unit, investment in our subsidiary, Safe Enterprises Retail Technologies for financing its capital expenditure requirements in relation towards installation of additional plant and machinery, to meet working capital requirements of the company, investment in its subsidiary Safe Enterprises Retail Technologies to meet working capital requirements and general corporate purpose.

Ahead of the Safe Enterprises Retail Fixtures on 19 June 2025, raised Rs 48.31 crore from anchor investors. The board has allotted 35.01 lakh shares at Rs 138 per share to 19 anchor investors.

Safe Enterprises Retail Fixtures is engaged in the business of designing, manufacturing, supplying, and installing shop fittings and retail fixtures. It offers a wide range of customized in-store solutions across multiple retail segments such as fashion and apparel, electronics, and departmental stores. The company also offers innovative shop fitting solutions, including modular and electrified fixtures that integrate seamlessly with various digital technologies such as LED lighting, digital screens, and display stands for retail outlets. As of 31 March 2025, the company had employed 266 permanent full-time employees.

The company recorded revenue from operations of Rs 138.31 crore and net profit of Rs 39.19 crore for the period ended 31 March 2025.

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