Page Industries Share Price Page Industries is an Indian company that manufactures and markets Jockey International brand innerwear and sportswear for men, women, and children in India. The company also has the exclusive license to sell and market the Jockey brand in India, Sri Lanka, Bangladesh, Nepal, and the Middle East. Page Industries was incorporated in 1987 and went public in 1995. The company’s shares are listed on the National Stock Exchange of India and the Bombay Stock Exchange. As of March 31, 2020, Page Industries had a market capitalization of ₹183.54 billion (US$2.6 billion).
The company’s share price has seen a significant increase in recent years, rising from a low of around ₹1,000 (US$14) per share in early 2016 to a high of over ₹26,000 (US$360) per share in early 2020. This increase in share price is largely due to the company’s strong financial performance, which has been driven by robust growth in sales and earnings. For the financial year ended March 31, 2020, Page Industries reported a revenue of ₹49.73 billion (US$
The Page Industries share price has been on a roll in the last few years. The company is the largest manufacturer of innerwear in India and enjoys a dominant market share in the country. The company’s share price has more than tripled in the last five years and is currently trading at all-time highs. The company’s strong performance has been driven by a combination of factors. Firstly, the innerwear market in India is growing at a healthy pace and is expected to continue to do so in the future. Secondly, Page Industries has been able to gain market share in the innerwear market, thanks to its strong branding and distribution network.
Thirdly, the company has been able to margin expansion. This is due to a combination of factors such as economies of scale, product mix and cost control measures. Fourthly, the company has a strong balance sheet with zero debt and a healthy cash balance. This gives it the flexibility to invest for growth and also pay out regular dividends to shareholders. At the current share price, the Page Industries stock is trading at a valuation of 50 times its trailing twelve months earnings. This is on the higher side when compared to its historical valuations. However, given the strong growth prospects of the company, the stock may continue to trade at premium valuations in the future.
Page Industries Share Price NSE
The Page Industries share price NSE has been on a roller coaster ride in the last few years. The stock hit an all-time high of Rs. 40,000 in December 2017 and then fell to a low of Rs. 14,600 in December 2018. The stock has recovered since then and is currently trading at Rs. 25,000.
The Page Industries share price is highly volatile and is influenced by a number of factors. The company is the exclusive licensee of Jockey International in India and supplies innerwear and outerwear to a number of leading brands. The company has a strong presence in the premium segment of the innerwear market and has a market share of around 70%. The company’s performance is largely dependent on the performance of the innerwear market in India. The innerwear market in India is growing at a healthy pace and is expected to grow at a CAGR of 10% in the next five years. The growth of the innerwear market is driven by the growing population, rising income levels, and changing consumer preferences.
The Page Industries share price is also influenced by the company’s financial performance. The company reported a revenue of Rs. 2,846 crore in FY18, which was a growth of 18% over the previous year. The company’s net profit grew at a faster pace of 28% to Rs. 462 crore. The company’s strong financial performance is driven by its strong market position and efficient operations. The Page Industries share price is expected to remain volatile in the short term. However, in the long term, the stock is expected to benefit from the growing innerwear market in India and the company’s strong financial performance.
Share Price of Page Industries
The share price of Page Industries Limited (PAGEIND.NS), a garment manufacturing company based in India, fell sharply on Wednesday after the company announced its March quarter results. The company’s net profit for the quarter rose by just 3.8% to Rs.244 crore, while its revenue rose by 14.4% to Rs.2,320 crore. Analysts had been expecting the company to report a profit of Rs.262 crore on revenue of Rs.2,377 crore.
- The company’s gross margin for the quarter contracted by 160 basis points to 53.6%, while its operating margin contracted by 130 basis points to 19.8%.
- The company’s shares fell by 10.3% to Rs.21,980 on the BSE after the announcement of its results.
- The company attributed the contraction in its margins to higher input costs and adverse foreign exchange movements.
- The company’s managing director, Sanjay Lalbhai, said that the company had faced “a very challenging environment” in the quarter. “Despite the challenges, we have delivered a strong performance in terms of revenue and profit growth,” he said.
- Lalbhai said that the company had taken “several corrective actions” to improve its margins. “We expect these actions to start reflecting in our margins in the coming quarters,” he said. The company’s shares are down by 24.5% so far this year.
