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Page Industries Ltd share Price

Company details

6M Return 2.54%
1Y Return -21.19%
Mkt Cap.(Cr) 43,658.43
Volume 24,323
Div Yield 0.64%
OI Chg %
Volume 24,323

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About The Stock

    Page Industries is the exclusive licensee of JOCKEY international brand and is the market leader in premium innerwear and leisurewear category. The brand is distributed in 2,895+ cities & towns and available in 105000+ MBO’s and 1000+ EBO’s. Sold ~ 148 million pieces in FY21.

    • Strong backward integration facilities having capacity of 250 million pieces
    • Robust business model generating 55%+ RoCE, delivering consistent EBITDA margins of 20%+ and having debt free b/s.

    Reported healthy operational performance in Q3FY22 with revenue and PAT coming in at an all-time high   

    • Revenue for the quarter grew 28% YoY to ₹ 1189.8 crore (2-year CAGR: 22%). Volume grew 24.6% YoY to 59.3 million pieces.
    • Despite RM inflationary pressure, company has been able to maintain healthy EBITDA margins of 21.1% (Q3FY21: 24%) 
    • Tracking steady operational performance, PAT grew by 14% YoY to ₹ 174.6 crore. Liquidity positon remains robust with cash worth ₹ 556 crore

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Apparels & accessories company Page Industries announced Q1FY24 results:

  • Revenue at Rs 12,400 million, up 28% QoQ and down 7.5% YoY.
  • EBITDA at Rs 2,418 million, margins at 19.5%, up 79.7% QoQ and down 18.8% YoY.
  • Reported profit after tax at Rs 1,583 million; up 102% QoQ and down 23.6% YoY.
  • PAT margin at 12.8% compared to 8.1% QoQ and 15.4% YoY.
  • Cash and cash equivalents at Rs 773 million up from 81 million at Q4FY23.

Commenting on the results, Managing Director V.S. Ganesh said, “I am pleased to share that the initiatives taken have led to a substantiative margin recovery and the Company has reported 31% sequential volume growth in Q1FY24. While our year-on-year revenues and volume growth remain challenged on the back of prevailing market conditions, we remain steadfast in our conviction that this is merely a transient phase. Our proactive approach involves continued investment in shaping the future, thereby ensuring that we capitalize on the promising prospects that lie ahead."



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Investment recommendation
Call Date
10 Feb 2023
Entry Price 39,000.00
Target Price 37,550.00
12-18 Month


Operating Profit
Profit after Tax
Reserves and Surplus
Operating Profit
Profit after Tax

Page Industries Ltd Stocks COMPARISION


Equity Capital: 1,371.04 Cr FV: 10.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 16,852.71 -20,671.82
LAST 3M 52,922.55 -3,405.64
LAST 6M 58,662.39 139,660.95
LAST 12M 135,235.34 165,245.59

Page Industries Ltd Information

Stock PE (TTM)
Promoter Holding
Book Value
  • Page Industries is an Indian firm that manufactures and markets apparel such as innerwear, loungewear, and socks. The company has its headquarters in Bengaluru, Karnataka. It was founded in 1995 and has since expanded its operations to several countries, such as Sri Lanka, Nepal, Bhutan, United Arab Emirates, Qatar, Bangladesh, and others. The company is the exclusive licensee of Jockey, which is an internationally renowned brand in the apparel space.

    On 5 January 2023, the market capitalisation of Page Industries Limited was Rs 46,988.01 crores, and it reported consolidated sales of Rs 3,886 crore at the end of June 2022.

    The company is listed on the Bombay Stock Exchange with the code 532827 and the National Stock Exchange with the code PAGEIND. On 30 June 2022, the company’s shareholding pattern indicated a promoter stake of 461%, a 0% stake of foreign institutional investors, and a public stake of 35.04%. The company’s shareholding pattern has remained largely the same over the last year. 

    The company’s board of directors includes Sunder Genomal, V S Ganesh, Shamir Genomal, Rohan Genomal, Mark Fedyk, Nari Genomal, Ramesh Genomal, and Arif Vazirally. S R Batliboi & Associates LLP are the company’s auditors. On 30 June 2022, the company had a total of 1.1 crore shares outstanding.

    On 5 January 2023, Page Industries shares prices were Rs 42,177.95 and Rs 42,177.45 on NSE and BSE, respectively. The share price touched a 52-week high of Rs 54,349.10 and a 52-week low of Rs 37,825.00. Its three-month return to investors was -19.4%, while its one-year return was 2.25%.

    SBI Focused Equity Direct-G is a mutual fund that has invested a sum of Rs 901 crore in Page Industries. Other mutual funds with an investment in Page Industries include SBI Bluechip Direct-G (with an investment of Rs 616 crore) and SBI Equity Hybrid Direct-G (with an investment of Rs 604 crore).

    In the second quarter of FY23, the company reported an increase in revenue of 16% compared to the same period last year. The company also reported that its EBITDA had increased by 2% compared to the same period last year.

    Disclaimer: ICICI Securities Ltd. (I-Sec). Registered office of I-Sec is at ICICI Securities Ltd. - ICICI Venture House, Appasaheb Marathe Marg, Prabhadevi, Mumbai - 400 025, India, Tel No : 022 - 6807 7100. I-Sec is a Member of National Stock Exchange of India Ltd (Member Code: 07730), BSE Ltd (Member Code: 103) and Member of Multi Commodity Exchange of India Ltd.(Member Code: 56250) and having SEBI registration no. INZ000183631. Name of the Compliance officer (broking): Ms. Mamta Shetty, Contact number: 022-40701022, E-mail address: complianceofficer@icicisecurities.com. Investments in securities market are subject to market risks, read all the related documents carefully before investing. The contents herein above shall not be considered as an invitation or persuasion to trade or invest. I-Sec and affiliates accept no liabilities for any loss or damage of any kind arising out of any actions taken in reliance thereon. Such representations are not indicative of future results. The securities quoted are exemplary and are not recommendatory. Investors should consult their financial advisers if in doubt about whether the product is suitable for them. The contents herein above are solely for informational purpose and may not be used or considered as an offer document or solicitation of offer to buy or sell or subscribe for securities or other financial instruments or any other product. Investors should consult their financial advisers whether the product is suitable for them before taking any decision. The contents herein mentioned are solely for informational and educational purpose.

Registered Address

Cessna Business Park Tower-1, 7th Floor Umiya Business Bay, Bengaluru, Karnataka, 560103

Tel : 91-80-49454545
Email : info:jockeyindia.com
Website : http://www.pageind.com

Sharepro Services India P Ltd

AGM Date (Month) : Aug
Face Value Equity Shares : 10
Market Lot Equity Shares : 1
BSE Code : 532827
Book Closure Date (Month) :
BSE Group : A
ISIN : INE761H01022

FAQ’s on Page Industries Ltd Shares

You can buy Page Industries Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Page Industries Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Oct 03, 2023 03:58 PM the closing price of Page Industries Ltd was ₹ 39,141.50.

Market capitalization or market cap is determined by multiplying the current market price of a company’s shares with the total number of shares outstanding. As of Oct 03, 2023 03:58 PM, the market cap of Page Industries Ltd stood at ₹ 43,658.43.

The latest PE ratio of Page Industries Ltd as of Oct 03, 2023 03:58 PM is 83.44

The latest PB ratio of Page Industries Ltd as of Oct 03, 2023 03:58 PM is 0.03

The 52-week high of Page Industries Ltd is ₹ 54,349.10 while the 52-week low is ₹ 34,952.65

According to analyst recommendations, Page Industries Ltd has a “Buy” rating for the long term.

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