Page Industries Ltd

Page Industries Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Page Industries Ltd

₹ 47,965 1.21%
21 May 10:32 a.m.
pageind.com BSE: 532827 NSE: PAGEIND
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

Brand & Product Portfolio
a)Jockey [1]
Jockey, a globally recognized brand present in over 147 countries, operates in India and select neighboring markets through an exclusive licensing agreement. Page Industries has rights to manufacture, distribute, and market Jockey products in India, Sri Lanka, Bangladesh, Nepal, Oman, Qatar, Maldives, Bhutan, and the UAE.

Website BSE NSE
  • Market Cap ₹ 53,500 Cr.
  • Current Price ₹ 47,965
  • High / Low ₹ 49,933 / 34,525
  • Stock P/E 73.4
  • Book Value ₹ 1,262
  • Dividend Yield 1.88 %
  • ROCE 59.4 %
  • ROE 48.5 %
  • Face Value ₹ 10.0
Edit ratios

Pros

  • Company has a good return on equity (ROE) track record: 3 Years ROE 44.3%
  • Company has been maintaining a healthy dividend payout of 86.3%
  • Company's working capital requirements have reduced from 51.9 days to 22.3 days

Cons

  • Stock is trading at 37.5 times its book value
  • The company has delivered a poor sales growth of 10.9% over past five years.
  • Promoter holding has decreased over last 3 years: -4.30%

* 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 BSE 500 BSE 200 Nifty 500 BSE MidCap Nifty Midcap 100

Edit Columns
Loading peers table ...

Quarterly Results

Figures in Rs. Crores

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
1,111 1,341 1,228 1,200 965 1,229 1,125 1,226 992 1,278 1,246 1,313 1,098
844 1,043 990 1,007 830 991 892 999 828 1,034 965 1,011 863
Operating Profit 267 298 238 193 134 239 234 226 164 243 281 303 235
OPM % 24% 22% 19% 16% 14% 19% 21% 18% 17% 19% 23% 23% 21%
5 3 3 2 7 5 2 9 14 13 15 14 20
Interest 10 9 9 10 14 13 11 10 10 12 11 12 12
Depreciation 16 18 19 20 21 21 25 23 23 22 23 30 25
Profit before tax 246 275 213 164 107 210 199 202 145 222 262 275 219
Tax % 23% 25% 24% 25% 26% 25% 25% 25% 25% 26% 26% 26% 25%
191 207 162 124 78 158 150 152 108 165 195 205 164
EPS in Rs 170.81 185.62 145.36 110.93 70.24 141.98 134.73 136.59 97.01 148.13 175.06 183.49 147.04
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
1,188 1,543 1,796 2,129 2,551 2,852 2,946 2,833 3,886 4,714 4,582 4,935
931 1,223 1,419 1,714 2,010 2,234 2,412 2,305 3,099 3,851 3,709 3,872
Operating Profit 256 320 376 415 542 618 533 528 787 863 872 1,063
OPM % 22% 21% 21% 19% 21% 22% 18% 19% 20% 18% 19% 22%
6 8 10 24 21 36 25 19 21 15 20 62
Interest 15 18 19 19 18 17 34 30 34 41 45 46
Depreciation 14 18 24 25 28 31 61 63 65 78 91 99
Profit before tax 233 293 343 395 518 606 462 453 709 758 756 979
Tax % 34% 33% 33% 33% 33% 35% 26% 25% 24% 25% 25% 25%
154 196 232 266 347 394 343 341 537 571 569 729
EPS in Rs 137.87 175.74 207.57 238.73 311.08 353.19 307.71 305.35 481.02 512.15 510.31 653.71
Dividend Payout % 44% 41% 41% 41% 42% 97% 52% 82% 77% 49% 72% 138%
Compounded Sales Growth
10 Years: 12%
5 Years: 11%
3 Years: 8%
TTM: 8%
Compounded Profit Growth
10 Years: 14%
5 Years: 16%
3 Years: 11%
TTM: 28%
Stock Price CAGR
10 Years: 12%
5 Years: 21%
3 Years: 4%
1 Year: 34%
Return on Equity
10 Years: 46%
5 Years: 45%
3 Years: 44%
Last Year: 49%

Balance Sheet

Figures in Rs. Crores

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 11 11 11 11 11 11 11 11 11 11 11 11
Reserves 278 376 519 655 836 764 809 874 1,077 1,360 1,586 1,396
163 157 95 88 69 85 176 127 110 406 185 262
233 279 321 401 497 491 517 688 908 915 901 974
Total Liabilities 686 823 946 1,154 1,412 1,351 1,513 1,700 2,107 2,693 2,683 2,643
173 217 217 236 238 301 406 386 402 485 488 758
CWIP 4 0 0 24 59 7 29 28 65 150 239 72
Investments 0 0 0 52 218 0 0 0 0 0 0 0
509 606 729 842 898 1,043 1,079 1,286 1,639 2,057 1,956 1,813
Total Assets 686 823 946 1,154 1,412 1,351 1,513 1,700 2,107 2,693 2,683 2,643

Cash Flows

Figures in Rs. Crores

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
75 167 219 274 453 230 517 696 327 -2 1,080 1,204
-49 -53 -26 -108 -238 192 -27 -401 119 36 -370 12
-27 -113 -189 -154 -188 -443 -378 -366 -396 -179 -621 -1,010
Net Cash Flow -1 1 4 12 27 -22 113 -71 49 -145 89 205

Ratios

Figures in Rs. Crores

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 22 21 21 19 21 16 9 18 16 11 13 14
Inventory Days 337 317 288 264 191 229 200 160 208 279 205 147
Days Payable 54 59 50 47 46 37 26 72 77 50 39 44
Cash Conversion Cycle 305 279 259 236 166 207 183 106 146 240 179 118
Working Capital Days 85 81 71 62 40 61 47 14 36 81 52 22
ROCE % 64% 62% 62% 60% 64% 69% 53% 48% 67% 54% 45% 59%

Shareholding Pattern

Numbers in percentages

Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
46.12% 46.12% 46.12% 46.12% 46.12% 45.11% 45.11% 45.11% 45.04% 44.29% 42.89% 42.89%
25.18% 25.29% 24.66% 22.38% 21.99% 21.98% 21.78% 20.86% 20.55% 20.84% 22.67% 23.58%
18.21% 18.87% 19.00% 21.26% 21.41% 22.92% 23.92% 25.85% 27.35% 28.76% 28.69% 27.87%
0.62% 0.61% 0.61% 0.61% 0.61% 0.63% 0.71% 0.76% 0.75% 0.75% 0.75% 0.75%
9.87% 9.10% 9.60% 9.61% 9.88% 9.35% 8.49% 7.43% 6.30% 5.35% 5.02% 4.92%
No. of Shareholders 80,25980,71686,41690,8551,02,33798,08292,19284,51369,79657,51552,18150,905

* 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.

Documents

Announcements

Annual reports

Credit ratings

Concalls