Page Industries Ltd
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.
- 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.
Peer comparison
Sector: Readymade Garments/ Apparells Industry: Textiles - Products
Part of Nifty500 Multicap India Manufacturing 50:30:20 BSE Quality Index BSE 500 Nifty MidSmallcap 400 BSE 250 LargeMidCap Index
Quarterly Results
Figures in Rs. Crores
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% |
Documents
Announcements
- Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011 18 Nov
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
13 Nov - Transcript and audio of Q2 FY25 earnings call.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
8 Nov - Audio recording of investor call for Q2 results.
- Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 7 Nov
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
7 Nov - Page Industries reports Q2 FY25 results with 11% revenue growth.
Annual reports
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
from nse
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Financial Year 2013
from bse
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Financial Year 2012
from bse
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Financial Year 2012
from nse
Concalls
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Nov 2024Transcript PPT
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Aug 2024Transcript PPT REC
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May 2024Transcript PPT
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Feb 2024Transcript PPT
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Nov 2023Transcript PPT
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Aug 2023Transcript PPT
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May 2023Transcript PPT
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Feb 2023Transcript PPT
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Nov 2022Transcript PPT
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Aug 2022Transcript PPT
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May 2022Transcript PPT
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Feb 2022Transcript PPT
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Nov 2021Transcript PPT
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Aug 2021Transcript PPT
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Jun 2021Transcript PPT
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Feb 2021TranscriptPPT
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Nov 2020TranscriptPPT
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Sep 2020TranscriptPPT
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Mar 2020Transcript PPT
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Dec 2018TranscriptNotesPPT
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