Page Industries Ltd

Page Industries Ltd

₹ 46,143 0.61%
03 Dec - close price
About

Incorporated in 1995, Page Industries Limited is the exclusive licensee of JOCKEY International Inc. for manufacturing, distribution, and marketing of the JOCKEY® brand in India, Sri Lanka, Bangladesh, Nepal, and the UAE. Page Industries is also the exclusive licensee of Speedo International Ltd. for the manufacturing, marketing, and distribution of the Speedo brand in India.

Key Points

Jockey[1]
Jockey is a well-recognized brand active in 147+ countries
Agreement Exclusive licensee of JOCKEY International Inc. (USA) for manufacture,
distribution and marketing in India, Sri Lanka, Bangladesh, Nepal, Oman, Qatar, Maldives, Bhutan, and UAE.
Product Portfolio Innerwear, Athleisure, Socks for Men and Women, Thermal, Towels, Handkerchiefs, Caps, and Face Mask.
Geographical Presence The brand is distributed in 2,750+ cities & towns and available in 110,000+ Multi Brand Outlets, 1,394 Exclusive Brand Outlets (EBO) with extensive presence in 2,300+ Large Format Stores, and online

  • Market Cap 51,426 Cr.
  • Current Price 46,143
  • High / Low 48,413 / 33,070
  • Stock P/E 82.8
  • Book Value 1,336
  • Dividend Yield 1.19 %
  • ROCE 45.0 %
  • ROE 38.4 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company has a good return on equity (ROE) track record: 3 Years ROE 45.3%
  • Company has been maintaining a healthy dividend payout of 66.1%

Cons

  • Stock is trading at 34.5 times its book value
  • Promoter holding has decreased over last quarter: -0.75%

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

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Quarterly Results

Figures in Rs. Crores

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
1,084 1,190 1,111 1,341 1,228 1,200 965 1,229 1,125 1,229 992 1,278 1,246
851 939 844 1,043 990 1,007 830 991 892 999 828 1,034 965
Operating Profit 233 251 267 298 238 193 134 239 234 230 164 243 281
OPM % 22% 21% 24% 22% 19% 16% 14% 19% 21% 19% 17% 19% 23%
5 7 5 3 3 2 7 5 2 6 14 13 15
Interest 7 8 10 9 9 10 14 13 11 10 10 12 11
Depreciation 17 17 16 18 19 20 21 21 25 23 23 22 23
Profit before tax 215 233 246 275 213 164 107 210 199 202 145 222 262
Tax % 25% 25% 23% 25% 24% 25% 26% 25% 25% 25% 25% 26% 26%
160 175 191 207 162 124 78 158 150 152 108 165 195
EPS in Rs 143.89 156.51 170.81 185.62 145.36 110.93 70.24 141.98 134.73 136.59 97.01 148.13 175.06
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
876 1,188 1,543 1,796 2,129 2,551 2,852 2,946 2,833 3,886 4,714 4,582 4,745
695 931 1,223 1,419 1,714 2,010 2,234 2,412 2,305 3,099 3,851 3,709 3,826
Operating Profit 181 256 320 376 415 542 618 533 528 787 863 872 919
OPM % 21% 22% 21% 21% 19% 21% 22% 18% 19% 20% 18% 19% 19%
8 6 8 10 24 21 36 25 19 21 15 20 47
Interest 12 15 18 19 19 18 17 34 30 34 41 45 44
Depreciation 11 14 18 24 25 28 31 61 63 65 78 91 90
Profit before tax 166 233 293 343 395 518 606 462 453 709 758 756 832
Tax % 32% 34% 33% 33% 33% 33% 35% 26% 25% 24% 25% 25%
113 154 196 232 266 347 394 343 341 537 571 569 621
EPS in Rs 100.89 137.87 175.74 207.57 238.73 311.08 353.19 307.71 305.35 481.02 512.15 510.31 556.79
Dividend Payout % 50% 44% 41% 41% 41% 42% 97% 52% 82% 77% 49% 72%
Compounded Sales Growth
10 Years: 14%
5 Years: 10%
3 Years: 17%
TTM: 5%
Compounded Profit Growth
10 Years: 14%
5 Years: 8%
3 Years: 19%
TTM: 22%
Stock Price CAGR
10 Years: 16%
5 Years: 16%
3 Years: 6%
1 Year: 23%
Return on Equity
10 Years: 46%
5 Years: 44%
3 Years: 45%
Last Year: 38%

Balance Sheet

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 11 11 11 11 11 11 11 11 11 11 11 11 11
Reserves 202 278 376 519 655 836 764 809 874 1,077 1,360 1,586 1,479
101 163 157 95 88 69 85 176 127 110 406 185 207
160 233 279 321 401 497 491 517 688 908 915 901 1,013
Total Liabilities 475 686 823 946 1,154 1,412 1,351 1,513 1,700 2,107 2,693 2,683 2,710
132 173 217 217 236 238 301 406 386 402 485 488 500
CWIP 10 4 0 0 24 59 7 29 28 65 150 239 247
Investments 1 0 0 0 52 218 0 0 0 0 0 0 0
331 509 606 729 842 898 1,043 1,079 1,286 1,639 2,057 1,956 1,963
Total Assets 475 686 823 946 1,154 1,412 1,351 1,513 1,700 2,107 2,693 2,683 2,710

Cash Flows

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
87 75 167 219 274 453 230 517 696 327 -2 1,080
-42 -49 -53 -26 -108 -238 192 -27 -401 119 36 -370
-44 -27 -113 -189 -154 -188 -443 -378 -366 -396 -179 -621
Net Cash Flow 1 -1 1 4 12 27 -22 113 -71 49 -145 89

Ratios

Figures in Rs. Crores

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 24 22 21 21 19 21 16 9 18 16 11 13
Inventory Days 239 337 317 288 264 191 229 200 160 208 279 205
Days Payable 48 54 59 50 47 46 37 26 72 77 50 39
Cash Conversion Cycle 216 305 279 259 236 166 207 183 106 146 240 179
Working Capital Days 74 85 81 71 62 40 61 47 14 36 81 52
ROCE % 64% 64% 62% 62% 60% 64% 69% 53% 48% 67% 54% 45%

Shareholding Pattern

Numbers in percentages

55 Recently
Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
47.19% 47.19% 46.12% 46.12% 46.12% 46.12% 46.12% 45.11% 45.11% 45.11% 45.04% 44.29%
25.07% 25.21% 25.18% 25.29% 24.66% 22.38% 21.99% 21.98% 21.78% 20.86% 20.55% 20.84%
17.33% 17.06% 18.21% 18.87% 19.00% 21.26% 21.41% 22.92% 23.92% 25.85% 27.35% 28.76%
0.62% 0.62% 0.62% 0.61% 0.61% 0.61% 0.61% 0.63% 0.71% 0.76% 0.75% 0.75%
9.79% 9.92% 9.87% 9.10% 9.60% 9.61% 9.88% 9.35% 8.49% 7.43% 6.30% 5.35%
No. of Shareholders 72,43075,72780,25980,71686,41690,8551,02,33798,08292,19284,51369,79657,515

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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