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 ₹ 39,262 Cr.
- Current Price ₹ 35,238
- High / Low ₹ 42,885 / 33,070
- Stock P/E 72.8
- Book Value ₹ 1,372
- Dividend Yield 0.71 %
- ROCE 53.8 %
- ROE 46.4 %
- Face Value ₹ 10.0
Pros
- Company has a good return on equity (ROE) track record: 3 Years ROE 47.2%
- Company has been maintaining a healthy dividend payout of 69.2%
- Company's median sales growth is 18.5% of last 10 years
Cons
- Stock is trading at 25.7 times its book value
- Promoter holding has decreased over last 3 years: -3.21%
- Working capital days have increased from 43.4 days to 79.8 days
* 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
Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
697 | 876 | 1,188 | 1,543 | 1,796 | 2,129 | 2,551 | 2,852 | 2,946 | 2,833 | 3,886 | 4,789 | 4,555 | |
547 | 695 | 931 | 1,223 | 1,419 | 1,714 | 2,010 | 2,234 | 2,412 | 2,305 | 3,099 | 3,925 | 3,716 | |
Operating Profit | 150 | 181 | 256 | 320 | 376 | 415 | 542 | 618 | 533 | 528 | 787 | 864 | 839 |
OPM % | 22% | 21% | 22% | 21% | 21% | 19% | 21% | 22% | 18% | 19% | 20% | 18% | 18% |
5 | 8 | 6 | 8 | 10 | 24 | 21 | 36 | 25 | 19 | 21 | 15 | 16 | |
Interest | 10 | 12 | 15 | 18 | 19 | 19 | 18 | 17 | 34 | 30 | 34 | 43 | 48 |
Depreciation | 11 | 11 | 14 | 18 | 24 | 25 | 28 | 31 | 61 | 63 | 65 | 78 | 90 |
Profit before tax | 134 | 166 | 233 | 293 | 343 | 395 | 518 | 606 | 462 | 453 | 709 | 758 | 718 |
Tax % | 33% | 32% | 34% | 33% | 33% | 33% | 33% | 35% | 26% | 25% | 24% | 25% | |
90 | 113 | 154 | 196 | 232 | 266 | 347 | 394 | 343 | 341 | 537 | 571 | 539 | |
EPS in Rs | 80.67 | 100.89 | 137.87 | 175.74 | 207.57 | 238.73 | 311.08 | 353.19 | 307.71 | 305.35 | 481.02 | 512.15 | 483.54 |
Dividend Payout % | 46% | 50% | 44% | 41% | 41% | 41% | 42% | 97% | 52% | 82% | 77% | 49% |
Compounded Sales Growth | |
---|---|
10 Years: | 19% |
5 Years: | 13% |
3 Years: | 18% |
TTM: | -7% |
Compounded Profit Growth | |
---|---|
10 Years: | 18% |
5 Years: | 11% |
3 Years: | 19% |
TTM: | -21% |
Stock Price CAGR | |
---|---|
10 Years: | 20% |
5 Years: | 10% |
3 Years: | 6% |
1 Year: | -16% |
Return on Equity | |
---|---|
10 Years: | 48% |
5 Years: | 47% |
3 Years: | 47% |
Last Year: | 46% |
Balance Sheet
Figures in Rs. Crores
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 11 | 11 |
Reserves | 155 | 202 | 278 | 376 | 519 | 655 | 836 | 764 | 809 | 874 | 1,077 | 1,360 | 1,519 |
76 | 101 | 163 | 157 | 95 | 88 | 69 | 85 | 176 | 127 | 110 | 406 | 186 | |
132 | 160 | 233 | 279 | 321 | 401 | 497 | 491 | 517 | 688 | 908 | 915 | 926 | |
Total Liabilities | 374 | 475 | 686 | 823 | 946 | 1,154 | 1,412 | 1,351 | 1,513 | 1,700 | 2,107 | 2,693 | 2,642 |
108 | 132 | 173 | 217 | 217 | 236 | 238 | 301 | 406 | 386 | 402 | 485 | 497 | |
CWIP | 3 | 10 | 4 | 0 | 0 | 24 | 59 | 7 | 29 | 28 | 65 | 150 | 198 |
Investments | 2 | 1 | 0 | 0 | 0 | 52 | 218 | 0 | 0 | 0 | 0 | 0 | 0 |
262 | 331 | 509 | 606 | 729 | 842 | 898 | 1,043 | 1,079 | 1,286 | 1,639 | 2,057 | 1,948 | |
Total Assets | 374 | 475 | 686 | 823 | 946 | 1,154 | 1,412 | 1,351 | 1,513 | 1,700 | 2,107 | 2,693 | 2,642 |
Cash Flows
Figures in Rs. Crores
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
123 | 87 | 75 | 167 | 219 | 274 | 453 | 230 | 517 | 696 | 327 | -2 | |
-25 | -42 | -49 | -53 | -26 | -108 | -238 | 192 | -27 | -401 | 119 | 31 | |
-97 | -44 | -27 | -113 | -189 | -154 | -188 | -443 | -378 | -366 | -396 | -174 | |
Net Cash Flow | 1 | 1 | -1 | 1 | 4 | 12 | 27 | -22 | 113 | -71 | 49 | -145 |
Ratios
Figures in Rs. Crores
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 23 | 24 | 22 | 21 | 21 | 19 | 21 | 16 | 9 | 18 | 16 | 11 |
Inventory Days | 220 | 239 | 337 | 317 | 288 | 264 | 191 | 229 | 200 | 160 | 208 | 269 |
Days Payable | 47 | 48 | 54 | 59 | 50 | 47 | 46 | 37 | 26 | 72 | 77 | 48 |
Cash Conversion Cycle | 196 | 216 | 305 | 279 | 259 | 236 | 166 | 207 | 183 | 106 | 146 | 231 |
Working Capital Days | 64 | 74 | 85 | 81 | 71 | 62 | 40 | 61 | 47 | 14 | 36 | 80 |
ROCE % | 60% | 64% | 64% | 62% | 62% | 60% | 64% | 69% | 53% | 48% | 67% | 54% |
Documents
Announcements
- Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 9 May
- Corporate Action-Board to consider Dividend 25 Apr
- Board Meeting Intimation for Financial Results 31 March 2024, 4Th Interim Dividend 2023-24 And Record Date 25 Apr
- Regulation 40(10) Certificate 31 March 2024 16 Apr
- Regulation 7(3) Certificate 31 March 2024 16 Apr
Annual reports
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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
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Financial Year 2013
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Financial Year 2012
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Financial Year 2012
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Financial Year 2011
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Concalls
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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