Page Industries

₹37520 -1105.8 | 2.9%

WEBSITE BSE:532827 NSE : PAGE INDUSTR 23 Mar, 15:40

Market Cap ₹41849 Cr.

Stock P/E 61.2

P/B 29.1

Current Price ₹37520

Book Value ₹ 1290.1

Face Value 10

52W High ₹54262.3

Dividend Yield 0.99%

52W Low ₹ 35600

Edit Ratio

Page Industries Research see more...

Page Industries Limited

Overview Inc. Year: 1994Industry: Textile

Page Industries Limited is engaged within the enterprise of manufacturing and trading of garments. The Company offers knitted garments. The Company gives quite a number of merchandise for men, women and children. The Company is engaged in the manufacturing, distribution and advertising of Jockey products. The Company holds license of SPEEDO, an international brand for swim wears. The Jockey is available in over 1400 cities. The Company's Jockey logo products are sold through EBO, large format stores (LFS), multi brand shops (MBO), traditional hosiery stores and multi-cause stores unfold across India. The Company has approximately 4 EBOs inside the United Arab Emirates and over one EBO in Sri Lanka. The SPEEDO brand is available in about 1060 shops, such as over 150 LFS throughout approximately 110 towns and over nine EBOs. It operates its own online shop www.Jockeyindia.Com. Its plants are in Bangalore, Hassan and Mysore, among others.

Quarterly Price

Quarterly Monthly

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Peer Comparison

Page Industries Quarterly Results

#(Fig in Cr.)	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022
Net Sales	740	927	881	502	1084	1190	1111	1341	1255	1223
Other Income	4	4	6	4	5	7	5	3	3	2
Total Income	744	931	886	505	1089	1197	1116	1345	1258	1225
Total Expenditure	575	701	711	467	851	939	844	1043	1017	1031
Operating Profit	169	230	175	38	239	258	272	301	241	194
Interest	8	7	7	7	7	8	10	9	9	10
Depreciation	16	16	16	16	17	17	16	18	19	20
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	146	207	153	15	215	233	246	275	213	164
Provision for Tax	35	54	37	4	54	59	55	68	50	41
Profit After Tax	111	154	116	11	160	175	191	207	162	124
Adjustments	-0	-0	-0	0	0	0	0	-0	0	0
Profit After Adjustments	111	154	116	11	160	175	191	207	162	124
Adjusted Earnings Per Share	99.4	137.8	103.6	9.8	143.9	156.5	170.8	185.6	145.4	110.9

Page Industries Profit & Loss

#(Fig in Cr.)	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	TTM
Net Sales	697	876	1188	1543	1796	2129	2551	2852	2946	2933	4021	4930
Other Income	5	8	6	8	10	24	22	36	25	19	21	13
Total Income	702	884	1194	1552	1805	2153	2573	2889	2970	2953	4042	4944
Total Expenditure	547	695	931	1223	1419	1714	2010	2234	2413	2406	3234	3935
Operating Profit	155	189	263	329	386	439	563	654	558	547	808	1008
Interest	10	12	15	18	19	19	18	17	34	30	34	38
Depreciation	11	11	14	18	24	25	28	31	61	63	65	73
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	134	166	233	293	343	395	518	606	462	453	709	898
Provision for Tax	44	53	80	97	112	129	171	212	119	113	172	214
Profit After Tax	90	113	154	196	232	266	347	394	343	341	537	684
Adjustments	0	0	0	0	0	0	0	0	0	0	0	0
Profit After Adjustments	90	113	154	196	232	266	347	394	343	341	537	684
Adjusted Earnings Per Share	80.7	100.9	137.9	175.7	207.6	238.7	311.1	353.2	307.7	305.3	481	612.7

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	37%	12%	14%	19%
Operating Profit CAGR	48%	7%	13%	18%
PAT CAGR	57%	11%	15%	20%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	-11%	31%	13%	28%
ROE Average	54%	46%	46%	52%
ROCE Average	75%	63%	65%	63%

Page Industries Balance Sheet

#(Fig in Cr.)	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022
Shareholder's Funds	166	214	289	387	530	666	847	775	820	885	1089
Minority's Interest	0	0	0	0	0	0	0	0	0	0	0
Borrowings	22	29	33	35	24	40	33	20	20	0	0
Other Non-Current Liabilities	34	41	200	384	16	23	24	22	116	100	78
Total Current Liabilities	150	188	362	312	376	426	508	534	557	712	936
Total Liabilities	372	472	884	1117	946	1154	1412	1351	1513	1698	2103
Fixed Assets	108	132	173	217	217	236	238	301	406	386	402
Other Non-Current Assets	32	29	178	339	46	85	119	45	93	86	133
Total Current Assets	231	310	534	561	684	833	1055	1005	1015	1225	1568
Total Assets	372	472	884	1117	946	1154	1412	1351	1513	1698	2103

Page Industries Cash Flow

#(Fig in Cr.)	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022
Opening Cash & Cash Equivalents	3	3	4	3	4	9	-7	20	-2	111	40
Cash Flow from Operating Activities	123	87	75	167	219	274	453	230	517	696	327
Cash Flow from Investing Activities	-25	-42	-49	-53	-26	-108	-238	192	-27	-401	119
Cash Flow from Financing Activities	-97	-44	-27	-113	-189	-154	-188	-443	-378	-366	-396
Net Cash Inflow / Outflow	1	1	-1	1	4	12	27	-22	113	-71	49
Closing Cash & Cash Equivalent	3	5	3	4	9	21	20	-2	111	40	89

Page Industries Ratios

#	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022
Earnings Per Share (Rs)	80.68	100.89	137.87	175.75	207.57	238.73	311.08	353.18	307.71	305.34	481.02
CEPS(Rs)	90.2	111.07	150.36	191.56	229.19	260.89	336.17	381.03	362.72	361.75	539.72
DPS(Rs)	37	50	60	72	85	97	96	344	161	250	370
Book NAV/Share(Rs)	148.65	191.43	259.1	346.75	475.05	596.9	759.64	694.81	735.05	793.33	976
Core EBITDA Margin(%)	19.83	19.49	21.57	20.75	20.95	19.46	21.22	21.66	18.09	17.84	19.49
EBIT Margin(%)	19.11	19.12	20.94	20.14	20.15	19.45	20.97	21.85	16.85	16.37	18.39
Pre Tax Margin(%)	17.78	17.82	19.65	19	19.1	18.53	20.28	21.25	15.68	15.34	17.56
PAT Margin (%)	11.93	12.11	12.94	12.7	12.89	12.5	13.6	13.81	11.65	11.52	13.29
Cash Profit Margin (%)	13.34	13.33	14.12	13.84	14.23	13.66	14.69	14.9	13.74	13.65	14.91
ROA(%)	25.33	26.69	22.69	19.59	22.44	25.36	27.04	28.52	23.97	21.22	28.23
ROE(%)	62.15	59.34	61.21	58.02	50.52	44.54	45.86	48.57	43.04	39.96	54.37
ROCE(%)	60	63.96	64.92	62.42	61.93	60.12	64.12	70.2	57.8	55.51	75.23
Receivable days	16.81	19.97	20.08	18.98	19.33	18.43	18.64	17.39	12.24	13.02	13.66
Inventory Days	81.62	80.03	91.8	95.28	100	99.68	85.15	84.33	91	78.64	69.15
Payable days	39.28	42.74	49.22	50.3	46.82	43.4	41.57	39.4	30.06	49.76	65.52
PER(x)	33.48	32.93	47.02	78.14	58.59	61.32	72.92	70.49	55.01	99.35	89.79
Price/Book(x)	18.17	17.36	25.02	39.6	25.6	24.53	29.86	35.83	23.03	38.24	44.25
Dividend Yield(%)	1.37	1.5	0.93	0.52	0.7	0.66	0.42	1.38	0.95	0.82	0.86
EV/Net Sales(x)	4.43	4.34	6.22	10.02	7.6	7.7	9.92	9.75	6.38	11.39	11.91
EV/Core EBITDA(x)	19.94	20.1	28.13	47.08	35.36	37.35	44.93	42.5	33.71	61.1	59.29
Net Sales Growth(%)	41.7	25.81	35.53	29.95	16.34	18.54	19.87	11.79	3.27	-0.41	37.06
EBIT Growth(%)	52.38	23.33	39.94	25	16.4	14.47	29.18	16.45	-20.35	-2.55	53.46
PAT Growth(%)	53.69	25.06	36.66	27.47	18.11	15.02	30.3	13.54	-12.87	-0.77	57.53
EPS Growth(%)	53.69	25.06	36.66	27.47	18.11	15.02	30.3	13.54	-12.87	-0.77	57.53
Debt/Equity(x)	0.46	0.47	0.56	0.41	0.18	0.13	0.08	0.11	0.05	0	0
Current Ratio(x)	1.54	1.65	1.47	1.8	1.82	1.96	2.08	1.88	1.82	1.72	1.67
Quick Ratio(x)	0.39	0.4	0.47	0.38	0.38	0.49	0.96	0.48	0.53	0.94	0.63
Interest Cover(x)	14.34	14.7	16.27	17.62	19.19	21.26	30.24	36.19	14.44	15.95	22.09
Total Debt/Mcap(x)	0.03	0.03	0.02	0.01	0.01	0.01	0	0	0	0	0

Page Industries Shareholding Pattern

#	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022
Promoter	48.32	48.32	48.32	47.91	47.91	47.19	47.19	46.12	46.12	46.12
FII	25.21	25.34	25.89	23.62	23.73	25.07	25.21	25.18	25.29	24.66
DII	15.49	16.27	16.19	18.63	18.82	17.95	17.67	18.83	19.5	19.62
Public	10.99	10.07	9.61	9.84	9.54	9.79	9.92	9.87	9.1	9.61
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022
Promoter	0.54	0.54	0.54	0.53	0.53	0.53	0.53	0.51	0.51	0.51
FII	0.28	0.28	0.29	0.26	0.26	0.28	0.28	0.28	0.28	0.28
DII	0.17	0.18	0.18	0.21	0.21	0.2	0.2	0.21	0.22	0.22
Public	0.12	0.11	0.11	0.11	0.11	0.11	0.11	0.11	0.1	0.11
Others	0	0	0	0	0	0	0	0	0	0
Total	1.12	1.12	1.12	1.12	1.12	1.12	1.12	1.12	1.12	1.12