🧠At a Glance
Safe Enterprises Retail Fixtures Ltd is that quiet uncle in the corner of the stock market party — working since 1976, installing shop fittings before malls even had air-conditioning. With its IPO now live, the company wants you to invest in the backbone of retail: furniture, lighting, and flashy store displays. But is it worth locking in?
🛠️ 1. What Does Safe Actually Do?
- 🏗️ Business: Design, manufacture, and install retail fixtures
- 🧩 Clients: Fashion brands, electronics chains, hypermarkets
- đź’ˇ Products:
- Modular furniture
- LED-integrated shop displays
- Digital signage setups
- Fully custom-fit retail interiors
- đź’Ľ Project Type: B2B, project-based execution
Basically: if Pantaloon, Croma, or Reliance Trends wants a store makeover, this is the guy they call.
Safe = the IKEA you don’t see but every store uses.
đź“Š 2. Financial Snapshot (Redacted for Now)
📉 Unfortunately, Screener has no financials yet. But here’s what we expect in IPO docs or DRHP:
| Metric | Estimate |
|---|---|
| FY24 Revenue | ₹100–150 Cr? |
| Net Profit | ₹6–10 Cr? |
| ROCE | 10–20% (guess) |
| Debtors | Likely high (project biz = delay) |
| Borrowings | TBD |
We’ll update when IPO papers are out — but for now, assume mid-size manufacturing services with predictable cycles.
🧱 3. Industry Context
The company plays in a very niche B2B segment:
- High capex stores (Apple, Tata Cliq Luxury, Nike) = demand premium fixtures
- Digital integration
