# Travel Bags — company-by-company sector analysis

> Travel Bags: Safari Industries (India) Ltd owns the largest revenue base AND the fastest current growth.

Sector Alpha — machine-written from the numbers. Data as of 2026-08-20. Not investment advice.

## Bottom line

Travel Bags has underperformed NIFTY 500 by 23.7% over 52 weeks and 2.8% over 13 weeks. 0 of 2 covered companies beat NIFTY on Mansfield relative strength, while 1 of 2 beat the sector itself. Safari Industries (India) Ltd leads with revenue of ₹2,108 crore, based on 2 of 2 comparable companies through Jun 2026.

## Sector relative strength

Travel Bags has underperformed NIFTY 500 by 23.7% over the last 52 weeks. Over 13 weeks the gap is a shortfall of 2.8%. 0 of 2 covered companies currently beat NIFTY on Mansfield relative strength, so leadership inside the sector is selective. V I P Industries Ltd is the strongest against the sector itself at +8.4%.

13-week sector return versus NIFTY 500: -2.8%
52-week sector return versus NIFTY 500: -24%
Stocks leading NIFTY: 0/2
Stocks leading sector: 1/2

Central tension: The central tension: current leadership is concentrated, so durability matters more than rank.

Companies: 2
Combined market value: ₹11.6K Cr

## 4-Factor Sector Score

An additive sector-relative research score. The four displayed point contributions always equal the total: Growth & earnings (35), Capital efficiency (25), Valuation (20), and Relative strength (20). Missing or stale evidence is absorbed inside the affected factor, never applied as a hidden adjustment.

1. Safari Industries (India) Ltd (SAFARI): 47/100 — Mixed-negative evidence; evidence 97%
   - Growth & earnings 16.1/35 | Capital efficiency 16.8/25 | Valuation 8.8/20 | Relative strength 4.8/20
   - Price stage: ASLEEP — Neither ahead of the benchmark nor yet turning up against it.
   - Led NIFTY 500 by 5%+ over the prior 13 weeks in 1 of the last 12 weeks
   - Exact sum: 16.1 + 16.8 + 8.8 + 4.8 = 46.5
   - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
2. V I P Industries Ltd (VIPIND): 27/100 — Adverse evidence; evidence 65%
   - Growth & earnings 4.5/35 | Capital efficiency 0.0/25 | Valuation 10.0/20 | Relative strength 12.0/20
   - Price stage: BASING — Behind the benchmark by 5% or more over the past year and still not ahead, but no longer falling further behind.
   - Led NIFTY 500 by 5%+ over the prior 13 weeks in 0 of 10 weeks with a reading, within the last 12
   - Exact sum: 4.5 + 0 + 10 + 12 = 26.5
   - Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

## Market action

Safari Industries (India) Ltd has the strongest one-year price move in Travel Bags at -26.9%. V I P Industries Ltd leads on Mansfield relative strength against NIFTY at -17.7%. 0 of 2 covered companies are above zero on that measure. Every line covers 313 weekly closes through 2026-08-14.

### Strongest one-year price performers
1. Safari Industries (India) Ltd (SAFARI): -27%
2. V I P Industries Ltd (VIPIND): -30%

### Strongest relative strength versus NIFTY 500
1. V I P Industries Ltd (VIPIND): -18%
2. Safari Industries (India) Ltd (SAFARI): -21%

## Revenue Scale & Growth Durability

What the numbers say: Safari Industries (India) Ltd is the scale leader at ₹2,108 crore, 12.5% ahead of V I P Industries Ltd. Safari Industries (India) Ltd's growth is 13.9% from a ₹2,108 crore base, with 20 reported observations in the 20-quarter window. Treat the growth leader as an acceleration candidate, not as equally proven scale.

Investor read: Safari Industries (India) Ltd is the scale benchmark; Safari Industries (India) Ltd is the acceleration watch. Promote the challenger only if growth persists and converts into margin and returns.

This conclusion weakens if: Safari Industries (India) Ltd's growth falls below Safari Industries (India) Ltd's for two consecutive comparable reports while operating margin also compresses.

Evidence: Safari Industries (India) Ltd · ₹2,108 crore | 12.5% versus #2 · V I P Industries Ltd | 8/8 recent comparable periods | 2/2 companies · 40 observations

Definition: Revenue is compared on a common reported-currency basis. Growth is year-on-year, so seasonality does not masquerade as progress.

### Revenue — largest
1. Safari Industries (India) Ltd (SAFARI): ₹2.1K Cr
2. V I P Industries Ltd (VIPIND): ₹1.9K Cr

### Revenue growth — fastest growers
1. Safari Industries (India) Ltd (SAFARI): 14%
2. V I P Industries Ltd (VIPIND): -11%

### 20-quarter Revenue history
- SAFARI: Sep 2021 ₹189 Cr | Dec 2021 ₹204 Cr | Mar 2022 ₹192 Cr | Jun 2022 ₹293 Cr | Sep 2022 ₹315 Cr | Dec 2022 ₹303 Cr | Mar 2023 ₹303 Cr | Jun 2023 ₹427 Cr | Sep 2023 ₹370 Cr | Dec 2023 ₹388 Cr | Mar 2024 ₹365 Cr | Jun 2024 ₹450 Cr | Sep 2024 ₹458 Cr | Dec 2024 ₹443 Cr | Mar 2025 ₹421 Cr | Jun 2025 ₹528 Cr | Sep 2025 ₹534 Cr | Dec 2025 ₹512 Cr | Mar 2026 ₹473 Cr | Jun 2026 ₹589 Cr
- VIPIND: Sep 2021 ₹330 Cr | Dec 2021 ₹397 Cr | Mar 2022 ₹356 Cr | Jun 2022 ₹591 Cr | Sep 2022 ₹515 Cr | Dec 2022 ₹526 Cr | Mar 2023 ₹451 Cr | Jun 2023 ₹636 Cr | Sep 2023 ₹546 Cr | Dec 2023 ₹546 Cr | Mar 2024 ₹516 Cr | Jun 2024 ₹639 Cr | Sep 2024 ₹544 Cr | Dec 2024 ₹501 Cr | Mar 2025 ₹494 Cr | Jun 2025 ₹561 Cr | Sep 2025 ₹406 Cr | Dec 2025 ₹454 Cr | Mar 2026 ₹436 Cr | Jun 2026 ₹578 Cr

### 20-quarter Revenue growth history
- SAFARI: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 144% | Sep 2022 67% | Dec 2022 49% | Mar 2023 58% | Jun 2023 46% | Sep 2023 17% | Dec 2023 28% | Mar 2024 20% | Jun 2024 5.4% | Sep 2024 24% | Dec 2024 14% | Mar 2025 15% | Jun 2025 17% | Sep 2025 17% | Dec 2025 16% | Mar 2026 12% | Jun 2026 12%
- VIPIND: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 187% | Sep 2022 56% | Dec 2022 32% | Mar 2023 27% | Jun 2023 7.6% | Sep 2023 6.0% | Dec 2023 3.8% | Mar 2024 14% | Jun 2024 0.5% | Sep 2024 -0.4% | Dec 2024 -8.2% | Mar 2025 -4.3% | Jun 2025 -12% | Sep 2025 -25% | Dec 2025 -9.4% | Mar 2026 -12% | Jun 2026 3.0%

## Operating Economics & Margin Trend

What the numbers say: Safari Industries (India) Ltd leads both opm at 13% and margin change at -2 percentage points.

Investor read: Safari Industries (India) Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current margin change signal.

Evidence: Safari Industries (India) Ltd · 13% | 784.2% versus #2 · V I P Industries Ltd | 1/8 recent comparable periods | 2/2 companies · 40 observations

Definition: Operating margin compares operating profit with revenue. Improvement is measured in percentage points, not percentage growth.

### OPM — highest
1. Safari Industries (India) Ltd (SAFARI): 13%
2. V I P Industries Ltd (VIPIND): -1.9%

### Margin change — fastest expanders
1. Safari Industries (India) Ltd (SAFARI): −2.0 pp
2. V I P Industries Ltd (VIPIND): −6.3 pp

### 20-quarter OPM history
- SAFARI: Sep 2021 9.6% | Dec 2021 6.5% | Mar 2022 8.8% | Jun 2022 14% | Sep 2022 13% | Dec 2022 18% | Mar 2023 19% | Jun 2023 19% | Sep 2023 17% | Dec 2023 18% | Mar 2024 18% | Jun 2024 15% | Sep 2024 10% | Dec 2024 11% | Mar 2025 14% | Jun 2025 15% | Sep 2025 14% | Dec 2025 11% | Mar 2026 13% | Jun 2026 13%
- VIPIND: Sep 2021 13% | Dec 2021 14% | Mar 2022 9.2% | Jun 2022 17% | Sep 2022 14% | Dec 2022 14% | Mar 2023 14% | Jun 2023 13% | Sep 2023 10% | Dec 2023 10% | Mar 2024 1.5% | Jun 2024 8.0% | Sep 2024 -0.4% | Dec 2024 6.0% | Mar 2025 1.3% | Jun 2025 4.4% | Sep 2025 -26% | Dec 2025 -17% | Mar 2026 -19% | Jun 2026 -1.9%

### 20-quarter Margin change history
- SAFARI: Sep 2021 +18.1 pp | Dec 2021 +1.7 pp | Mar 2022 −1.3 pp | Jun 2022 +8.4 pp | Sep 2022 +3.8 pp | Dec 2022 +11.5 pp | Mar 2023 +10.2 pp | Jun 2023 +4.8 pp | Sep 2023 +3.6 pp | Dec 2023 0.0 pp | Mar 2024 −1.0 pp | Jun 2024 −4.0 pp | Sep 2024 −7.0 pp | Dec 2024 −7.0 pp | Mar 2025 −4.0 pp | Jun 2025 0.0 pp | Sep 2025 +4.0 pp | Dec 2025 0.0 pp | Mar 2026 −1.0 pp | Jun 2026 −2.0 pp
- VIPIND: Sep 2021 +34.4 pp | Dec 2021 +10.9 pp | Mar 2022 +7.8 pp | Jun 2022 +11.1 pp | Sep 2022 +1.3 pp | Dec 2022 −0.4 pp | Mar 2023 +4.9 pp | Jun 2023 −4.4 pp | Sep 2023 −3.9 pp | Dec 2023 −4.0 pp | Mar 2024 −12.5 pp | Jun 2024 −5.0 pp | Sep 2024 −10.4 pp | Dec 2024 −4.0 pp | Mar 2025 −0.2 pp | Jun 2025 −3.6 pp | Sep 2025 −25.6 pp | Dec 2025 −23.0 pp | Mar 2026 −20.3 pp | Jun 2026 −6.3 pp

## Profit Scale & Acceleration

What the numbers say: Safari Industries (India) Ltd leads with ₹165 crore of TTM profit, 143.5% above V I P Industries Ltd. Safari Industries (India) Ltd shows 10.7% growth from a ₹165 crore profit base. Compare the size of the base and persistence before ranking acceleration above profit scale.

Investor read: Safari Industries (India) Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current profit growth signal.

Evidence: Safari Industries (India) Ltd · ₹165 crore | 143.5% versus #2 · V I P Industries Ltd | 3/8 recent comparable periods | 2/2 companies · 40 observations

Definition: Net profit is the residual after operating costs, interest and tax. Growth off a loss or near-zero base is excluded from the fastest-grower rank.

### Net profit — largest
1. Safari Industries (India) Ltd (SAFARI): ₹165 Cr
2. V I P Industries Ltd (VIPIND): ₹-379 Cr

### Profit growth — fastest growers
1. Safari Industries (India) Ltd (SAFARI): 11%

### 20-quarter Net profit history
- SAFARI: Sep 2021 ₹11 Cr | Dec 2021 ₹7 Cr | Mar 2022 ₹2 Cr | Jun 2022 ₹27 Cr | Sep 2022 ₹26 Cr | Dec 2022 ₹34 Cr | Mar 2023 ₹38 Cr | Jun 2023 ₹50 Cr | Sep 2023 ₹40 Cr | Dec 2023 ₹43 Cr | Mar 2024 ₹43 Cr | Jun 2024 ₹44 Cr | Sep 2024 ₹30 Cr | Dec 2024 ₹31 Cr | Mar 2025 ₹38 Cr | Jun 2025 ₹50 Cr | Sep 2025 ₹47 Cr | Dec 2025 ₹33 Cr | Mar 2026 ₹37 Cr | Jun 2026 ₹48 Cr
- VIPIND: Sep 2021 ₹19 Cr | Dec 2021 ₹33 Cr | Mar 2022 ₹12 Cr | Jun 2022 ₹69 Cr | Sep 2022 ₹43 Cr | Dec 2022 ₹44 Cr | Mar 2023 ₹-4 Cr | Jun 2023 ₹58 Cr | Sep 2023 ₹13 Cr | Dec 2023 ₹7 Cr | Mar 2024 ₹-24 Cr | Jun 2024 ₹4 Cr | Sep 2024 ₹-33 Cr | Dec 2024 ₹-12 Cr | Mar 2025 ₹-27 Cr | Jun 2025 ₹-13 Cr | Sep 2025 ₹-143 Cr | Dec 2025 ₹-53 Cr | Mar 2026 ₹-129 Cr | Jun 2026 ₹-54 Cr

### 20-quarter Profit growth history
- SAFARI: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 1,250% | Sep 2022 136% | Dec 2022 386% | Mar 2023 1,800% | Jun 2023 85% | Sep 2023 54% | Dec 2023 26% | Mar 2024 13% | Jun 2024 -12% | Sep 2024 -25% | Dec 2024 -28% | Mar 2025 -12% | Jun 2025 14% | Sep 2025 57% | Dec 2025 6.5% | Mar 2026 -2.6% | Jun 2026 -4.0%
- VIPIND: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 2,200% | Sep 2022 126% | Dec 2022 33% | Mar 2023 -133% | Jun 2023 -16% | Sep 2023 -70% | Dec 2023 -84% | Mar 2024 — | Jun 2024 -93% | Sep 2024 -354% | Dec 2024 -271% | Mar 2025 — | Jun 2025 -425% | Sep 2025 — | Dec 2025 — | Mar 2026 — | Jun 2026 —

## Return On Capital Employed

What the numbers say: Safari Industries (India) Ltd leads ROCE at 19.3%, 48.2 percentage points above V I P Industries Ltd. Safari Industries (India) Ltd has the strongest latest improvement at +0.9 percentage points. Read the leader beside the density of its reported history: a sparse high return is a candidate; a repeated high return is evidence of durability.

Investor read: Safari Industries (India) Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current roce change signal.

Evidence: Safari Industries (India) Ltd · 19.3% | 166.8% versus #2 · V I P Industries Ltd | 1/8 recent comparable periods | 2/2 companies · 30 observations

Definition: ROCE asks how much operating return the business earns on the capital employed. Direction matters, but a single exceptional year should not be mistaken for durability.

### ROCE — highest
1. Safari Industries (India) Ltd (SAFARI): 19%
2. V I P Industries Ltd (VIPIND): -29%

### ROCE change — fastest improvers
1. Safari Industries (India) Ltd (SAFARI): +0.9 pp
2. V I P Industries Ltd (VIPIND): −61.7 pp

### 20-quarter ROCE history
- SAFARI: Sep 2021 7.9% | Dec 2021 — | Mar 2022 11% | Jun 2022 — | Sep 2022 22% | Dec 2022 — | Mar 2023 33% | Jun 2023 — | Sep 2023 36% | Dec 2023 46% | Mar 2024 25% | Jun 2024 33% | Sep 2024 20% | Dec 2024 26% | Mar 2025 16% | Jun 2025 21% | Sep 2025 18% | Dec 2025 21% | Mar 2026 17% | Jun 2026 —
- VIPIND: Sep 2021 -0.6% | Dec 2021 — | Mar 2022 11% | Jun 2022 — | Sep 2022 24% | Dec 2022 — | Mar 2023 32% | Jun 2023 — | Sep 2023 21% | Dec 2023 17% | Mar 2024 10% | Jun 2024 7.4% | Sep 2024 -0.1% | Dec 2024 -2.0% | Mar 2025 -2.7% | Jun 2025 -4.4% | Sep 2025 -21% | Dec 2025 -20% | Mar 2026 -64% | Jun 2026 —

### 20-quarter ROCE change history
- SAFARI: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 +14.1 pp | Dec 2022 — | Mar 2023 +21.8 pp | Jun 2023 — | Sep 2023 +13.7 pp | Dec 2023 — | Mar 2024 −8.1 pp | Jun 2024 — | Sep 2024 −15.9 pp | Dec 2024 −20.9 pp | Mar 2025 −8.8 pp | Jun 2025 −12.0 pp | Sep 2025 −2.0 pp | Dec 2025 −4.2 pp | Mar 2026 +0.9 pp | Jun 2026 —
- VIPIND: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 +25.0 pp | Dec 2022 — | Mar 2023 +21.2 pp | Jun 2023 — | Sep 2023 −3.2 pp | Dec 2023 — | Mar 2024 −21.8 pp | Jun 2024 — | Sep 2024 −21.3 pp | Dec 2024 −18.9 pp | Mar 2025 −12.9 pp | Jun 2025 −11.8 pp | Sep 2025 −20.8 pp | Dec 2025 −18.4 pp | Mar 2026 −61.7 pp | Jun 2026 —

## Valuation Against Growth & Quality

What the numbers say: Safari Industries (India) Ltd has the lowest comparable PEG at 2.7×. Only 1 of 2 companies have earnings and growth steady enough for the ratio to mean anything, so no broad “cheapest stock” conclusion is defensible unless the current multiple, own-history position and growth durability agree.

Investor read: Treat valuation as permission to investigate, never as a standalone reason to buy.

This conclusion weakens if: The next two comparable reports reverse the current p/e signal.

Evidence: Safari Industries (India) Ltd · 2.7× | Not enough peers | 0/8 recent comparable periods | 1/2 companies · 8 observations

Definition: PEG is shown only when earnings are positive and three-year EPS growth is between 5% and 60%. It is recomputed consistently as the trailing P/E divided by that growth rate — reported earnings, never an expected-earnings multiple. On Indian companies it is shown only where the two data feeds agreed. Where any of that fails the ratio is left out rather than printed: a P/E divided by a loss, or by growth measured off a tiny base, is a number that looks precise and means nothing.

### PEG — lowest PEG
1. Safari Industries (India) Ltd (SAFARI): 2.7

### P/E — lowest P/E
1. Safari Industries (India) Ltd (SAFARI): 44.5

### 20-quarter PEG history
- SAFARI: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 — | Mar 2023 — | Jun 2023 — | Sep 2023 — | Dec 2023 2.4 | Mar 2024 — | Jun 2024 1.5 | Sep 2024 5.1 | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 12.4 | Mar 2026 3.3 | Jun 2026 2.7
- VIPIND: Sep 2021 — | Dec 2021 — | Mar 2022 — | Jun 2022 — | Sep 2022 — | Dec 2022 2.0 | Mar 2023 — | Jun 2023 — | Sep 2023 1.6 | Dec 2023 — | Mar 2024 — | Jun 2024 — | Sep 2024 — | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 — | Mar 2026 — | Jun 2026 —

### 20-quarter P/E history
- SAFARI: Sep 2021 95.0 | Dec 2021 97.7 | Mar 2022 78.0 | Jun 2022 68.1 | Sep 2022 67.8 | Dec 2022 55.2 | Mar 2023 48.8 | Jun 2023 55.6 | Sep 2023 62.5 | Dec 2023 57.0 | Mar 2024 48.0 | Jun 2024 55.4 | Sep 2024 65.9 | Dec 2024 76.2 | Mar 2025 65.0 | Jun 2025 72.8 | Sep 2025 72.1 | Dec 2025 65.6 | Mar 2026 42.0 | Jun 2026 46.5
- VIPIND: Sep 2021 695.2 | Dec 2021 149.9 | Mar 2022 192.0 | Jun 2022 135.9 | Sep 2022 76.4 | Dec 2022 63.9 | Mar 2023 51.1 | Jun 2023 46.7 | Sep 2023 56.1 | Dec 2023 62.5 | Mar 2024 75.5 | Jun 2024 195.6 | Sep 2024 186.4 | Dec 2024 — | Mar 2025 — | Jun 2025 — | Sep 2025 — | Dec 2025 — | Mar 2026 — | Jun 2026 —


## What can make this comparison misleading?
- A high growth rate can be a low-base artefact. The page keeps level and change separate for that reason.
- A high ROCE can be temporary or flattered by a small capital base. Read it beside margin, cash conversion and reinvestment.
- The 4-Factor Sector Score ranks research priority, not portfolio action. Management quality, catalysts and risks need equally fresh evidence before capital is deployed.
- An “all companies” line chart preserves completeness, but rank changes should be checked against reporting dates before drawing a conclusion.
- Thin comparisons: Valuation have fewer than three usable current readings.

## Every company
- Safari Industries (India) Ltd (SAFARI) — market value ₹7.3K Cr; latest fundamentals Jun 2026
- V I P Industries Ltd (VIPIND) — market value ₹4.3K Cr; latest fundamentals Jun 2026

## Source standing of each company

Cross-checked: 2. Unverified: 0. Withheld: 0. Graded companies: 2.

Every company's second-feed figures reconcile against the primary source on overlapping reported periods, so nothing here is unverified or withheld.

## Methodology and freshness

Fundamentals through Jun 2026; prices through 2026-08-14.
Up to 20 quarters per company. Reported history is normalized to Indian rupees crore. Missing values are not interpolated. Derived metrics are calculated only when their inputs are comparable.

## Frequently asked questions

### Is the Travel Bags sector outperforming NIFTY 500?

Travel Bags has underperformed NIFTY 500 by 23.7% over 52 weeks and 2.8% over 13 weeks. 0 of 2 covered companies beat NIFTY on Mansfield relative strength, while 1 of 2 beat the sector itself.

### Which Travel Bags company is largest by revenue?

Safari Industries (India) Ltd leads with revenue of ₹2,108 crore, based on 2 of 2 comparable companies through Jun 2026.

### Which Travel Bags company is growing fastest?

Safari Industries (India) Ltd has the fastest current revenue growth at 13.9%, across 2 of 2 comparable companies.

### Which Travel Bags company has the strongest 4-Factor Sector Score?

Safari Industries (India) Ltd ranks first at 46.5/100 with 97% evidence confidence. The score prioritizes research; it is not a buy recommendation.

### Which Travel Bags company has the lowest comparable PEG?

Safari Industries (India) Ltd has the lowest comparable PEG at 2.7, among 1 of 2 companies whose earnings and growth are steady enough for the ratio to mean anything.

### How much history does this Travel Bags comparison include?

The page compares up to 20 reported quarters per company for fundamentals, returns and valuation, ending Jun 2026. Missing observations remain blank rather than being estimated.

### How is the 4-Factor Sector Score calculated?

The four visible contributions add directly: growth and earnings up to 35 points, capital efficiency up to 25, valuation up to 20, and relative strength up to 20. Missing or stale evidence moves only the affected contribution toward neutral.

### Is there a Nifty Travel Bags index?

NSE India maintains Nifty indices for several broad sector categories — Nifty Bank, Nifty IT, Nifty Pharma and others — but not for every sub-sector grouping on this site. Whether or not an official Nifty index covers Travel Bags, this page builds its own equal-weight basket of 2 listed Travel Bags companies — one company, one vote, regardless of market value — so no single large company dominates the reading. Figures are as of Jun 2026.

### Which are the best Travel Bags stocks in India?

Ranked by this page's four-factor score, Safari Industries (India) Ltd places first among 2 listed Travel Bags companies, followed by V I P Industries Ltd. That is a ranking of published data — earnings, quality, valuation and market behaviour as of Jun 2026 — and not a recommendation; Sector Alpha is not registered with SEBI as an investment adviser.

### How many Travel Bags stocks are listed in India?

This comparison covers 2 listed Travel Bags companies in India, each above the size floor the site applies, with 20 quarters of reported figures per company where the filings exist. The full ranked list is on this page, as of Jun 2026.

### Which Travel Bags company is the biggest?

Safari Industries (India) Ltd is the largest, with trailing-twelve-month revenue of ₹2,108 crore, ahead of V I P Industries Ltd at ₹1,874 crore. That covers 2 of 2 companies with comparable reporting through Jun 2026.

### Which Travel Bags company has the best profit margins?

Safari Industries (India) Ltd has the highest operating margin at 13%, from 2 of 2 comparable companies. Safari Industries (India) Ltd shows the biggest recent improvement, at -2 percentage points. A high margin matters most when it is holding or rising, not when it is peaking.

### Which Travel Bags company makes the most profit?

Safari Industries (India) Ltd earns the most, at ₹165 crore of trailing-twelve-month net profit, from 2 of 2 comparable companies. Safari Industries (India) Ltd has the fastest profit growth at 10.7%, though growth off a small or recovering profit base overstates how much has actually changed.

### Which Travel Bags company earns the highest return on capital?

Safari Industries (India) Ltd leads on return on capital employed at 19.3%, across 2 of 2 companies. Read it beside the length of its reported history: a high return that repeats for years is evidence of a durable business, while a single high reading can be a small capital base or one good year.

### Which Travel Bags stock is the cheapest?

On PEG — where a LOWER number is cheaper — Safari Industries (India) Ltd screens cheapest at 2.7×. Only 1 of 2 companies have earnings and growth steady enough for the ratio to mean anything, so this is not a sector-wide "cheapest stock" verdict. Cheap on a multiple is a reason to investigate, never a reason to buy on its own.

### Is the Travel Bags sector beating the market?

Travel Bags has underperformed NIFTY 500 by 23.7% over the last 52 weeks and 2.8% over 13 weeks, measured on an equal-weight index of its current members. Inside the sector, 0 of 2 covered companies are beating the market on their own. Sector strength does not transfer evenly to every stock in it.

### Which Travel Bags stock has the strongest price momentum?

V I P Industries Ltd has the strongest relative strength against NIFTY 500. Relative strength answers last, after growth, quality and valuation: price can move well before the fundamentals confirm it, and sometimes without them confirming at all.

### Which Travel Bags company scores highest for research priority?

Safari Industries (India) Ltd scores 46.5 out of 100 with 97% evidence confidence, from 16.1 points on growth and earnings, 16.8 on capital efficiency, 8.8 on valuation and 4.8 on relative strength. This ranks what deserves work next. It is not a buy recommendation, and management quality, catalysts and risk still need separate research.

### How many Travel Bags companies does this comparison cover, and over what period?

It compares 2 listed companies over up to 20 reported quarters of fundamentals, ending Jun 2026, plus weekly price and relative-strength history. Membership is the full sector list — nothing is dropped for having thin data.

### What is the total market cap of the Travel Bags sector?

The 2 Travel Bags companies on this page carry ₹11,601 crore of combined market value. Safari Industries (India) Ltd is the largest at ₹7,342 crore, about 63% of the sector's total on its own. Market value moves with price, so this reading is dated 2026-08-20.

### How is the Travel Bags sector performing?

0 of the 2 covered Travel Bags companies are beating NIFTY 500 on Mansfield relative strength. The sector itself is 23.7% behind NIFTY 500 over 52 weeks on an equal-weight index of its current members. Readings are as of 2026-08-20.

### Why are some values on this page blank?

A blank means that company did not report a comparable figure for that period, so nothing is shown. Missing observations are never interpolated, carried forward, or replaced with a similar-looking accounting line, and a company with missing evidence has its research score pulled toward neutral rather than being scored as bad.

### Is this investment advice?

No. Every figure here is a deterministic calculation from reported company filings and market data, published for research. It contains no recommendation to buy or sell any security, does not account for your circumstances, and is not a substitute for advice from a licensed adviser.