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Page Industries NSEI:PAGEIND Stock Report

Last Price

₹40.19k

Market Cap

₹446.5b

7D

0.8%

1Y

35.8%

Updated

27 Jun, 2022

Data

Company Financials +
PAGEIND fundamental analysis
Snowflake Score
Valuation0/6
Future Growth2/6
Past Performance4/6
Financial Health6/6
Dividends3/6

PAGEIND Stock Overview

Page Industries Limited manufactures, markets, and distributes textile garments and clothing accessories for men, women, and junior girls and boys.

Page Industries Competitors

Price History & Performance

Summary of all time highs, changes and price drops for Page Industries
Historical stock prices
Current Share Price₹40,190.80
52 Week High₹46,737.70
52 Week Low₹29,119.95
Beta0.52
1 Month Change-9.57%
3 Month Change-1.51%
1 Year Change35.83%
3 Year Change92.65%
5 Year Change130.34%
Change since IPO14,686.90%

Recent News & Updates

Shareholder Returns

PAGEINDIN LuxuryIN Market
7D0.8%2.7%2.3%
1Y35.8%14.2%-0.9%

Return vs Industry: PAGEIND exceeded the Indian Luxury industry which returned 14.2% over the past year.

Return vs Market: PAGEIND exceeded the Indian Market which returned -0.9% over the past year.

Price Volatility

Is PAGEIND's price volatile compared to industry and market?
PAGEIND volatility
PAGEIND Average Weekly Movement4.5%
Luxury Industry Average Movement7.8%
Market Average Movement6.9%
10% most volatile stocks in IN Market9.9%
10% least volatile stocks in IN Market4.5%

Stable Share Price: PAGEIND is less volatile than 75% of Indian stocks over the past 3 months, typically moving +/- 5% a week.

Volatility Over Time: PAGEIND's weekly volatility (5%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
199421,280V. Ganeshhttps://www.jockey.in

Page Industries Limited manufactures, markets, and distributes textile garments and clothing accessories for men, women, and junior girls and boys. The company offers vests, briefs, boxer briefs, trunks, boxer shorts, inner tees, midways, brassiers, sports bra, panties, camisole, crop top, tank tops, shapewear, shorties, bloomers, t-shirts, shorts, capris, track pants, pyjamas, sweat shirts, jackets, polo t-shirts, and sweat shirts, bermudas, lounge pants, sports shorts, gym vests, yoga pants, sleepwear, muscle vest, and leggings; face, hand, and bath towels; calf, ankle, low show, and no-show socks; and thermal wear under Jockey brand name. It also provides equipment comprising googles, caps, training aid, and swim confidence for swimming; swimwear, such as leisure, swimdress, kneesuit, legsuit, full body suit, jammer, aquashorts, watershorts, and all-in-one suit; swimactive, consisting of H2O active, sun tops, capris, leggings, and watershorts; and slide and thong footwear under the Speedo brand.

Page Industries Fundamentals Summary

How do Page Industries's earnings and revenue compare to its market cap?
PAGEIND fundamental statistics
Market Cap₹446.45b
Earnings (TTM)₹5.37b
Revenue (TTM)₹38.86b

83.6x

P/E Ratio

11.5x

P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
PAGEIND income statement (TTM)
Revenue₹38.86b
Cost of Revenue₹17.09b
Gross Profit₹21.77b
Other Expenses₹16.41b
Earnings₹5.37b

Last Reported Earnings

Mar 31, 2022

Next Earnings Date

n/a

Earnings per share (EPS)481.03
Gross Margin56.03%
Net Profit Margin13.81%
Debt/Equity Ratio0%

How did PAGEIND perform over the long term?

See historical performance and comparison

Dividends

0.9%

Current Dividend Yield

77%

Payout Ratio
We’ve recently updated our valuation analysis.

Valuation

Is PAGEIND undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • PEG Ratio

Key Valuation Metric

Which metric is best to use when looking at relative valuation for PAGEIND?

Other financial metrics that can be useful for relative valuation.

PAGEIND key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue11.4x
Enterprise Value/EBITDA56.6x
PEG Ration/a

Price to Earnings Ratio vs Peers

How does PAGEIND's PE Ratio compare to its peers?

PAGEIND PE Ratio vs Peers
The above table shows the PE ratio for PAGEIND vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPEEstimated GrowthMarket Cap
Peer Average48.6x
MANYAVAR Vedant Fashions
75.5x20.0%₹237.7b
532889 K.P.R. Mill
21.2x11.6%₹178.1b
RAJESHEXPO Rajesh Exports
14.6x25.3%₹169.4b
500114 Titan
83.4x23.0%₹1.8t
PAGEIND Page Industries
83.6xn/a₹448.3b

Price-To-Earnings vs Peers: PAGEIND is expensive based on its Price-To-Earnings Ratio (83.6x) compared to the peer average (48.6x).


Price to Earnings Ratio vs Industry

How does PAGEIND's PE Ratio compare vs other companies in the IN Luxury Industry?

Price-To-Earnings vs Industry: PAGEIND is expensive based on its Price-To-Earnings Ratio (83.6x) compared to the Indian Luxury industry average (12.2x)


Price to Earnings Ratio vs Fair Ratio

What is PAGEIND's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

PAGEIND PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio83.6x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate PAGEIND's Price-To-Earnings Fair Ratio for valuation analysis.


Share Price vs Fair Value

What is the Fair Price of PAGEIND when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: PAGEIND (₹40190.8) is trading above our estimate of fair value (₹8110.77)

Significantly Below Fair Value: PAGEIND is trading above our estimate of fair value.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate PAGEIND's PEG Ratio to determine if it is good value.


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Future Growth

How is Page Industries forecast to perform in the next 1 to 3 years based on estimates from 1 analyst?

Future Growth Score

2/6

Future Growth Score 2/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


16.7%

Forecasted annual revenue growth

Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: Insufficient data to determine if PAGEIND's forecast earnings growth is above the savings rate (6.7%).

Earnings vs Market: Insufficient data to determine if PAGEIND's earnings are forecast to grow faster than the Indian market

High Growth Earnings: Insufficient data to determine if PAGEIND's earnings are expected to grow significantly over the next 3 years.

Revenue vs Market: PAGEIND's revenue (16.7% per year) is forecast to grow faster than the Indian market (11.5% per year).

High Growth Revenue: PAGEIND's revenue (16.7% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: PAGEIND's Return on Equity is forecast to be very high in 3 years time (74.8%).


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Past Performance

How has Page Industries performed over the past 5 years?

Past Performance Score

4/6

Past Performance Score 4/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


5.4%

Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: PAGEIND has a high level of non-cash earnings.

Growing Profit Margin: PAGEIND's current net profit margins (13.8%) are higher than last year (12%).


Past Earnings Growth Analysis

Earnings Trend: PAGEIND's earnings have grown by 5.4% per year over the past 5 years.

Accelerating Growth: PAGEIND's earnings growth over the past year (57.5%) exceeds its 5-year average (5.4% per year).

Earnings vs Industry: PAGEIND earnings growth over the past year (57.5%) underperformed the Luxury industry 83.8%.


Return on Equity

High ROE: PAGEIND's Return on Equity (49.3%) is considered outstanding.


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Financial Health

How is Page Industries's financial position?

Financial Health Score

6/6

Financial Health Score 6/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: PAGEIND's short term assets (₹15.7B) exceed its short term liabilities (₹9.4B).

Long Term Liabilities: PAGEIND's short term assets (₹15.7B) exceed its long term liabilities (₹819.6M).


Debt to Equity History and Analysis

Debt Level: PAGEIND is debt free.

Reducing Debt: PAGEIND has no debt compared to 5 years ago when its debt to equity ratio was 13.1%.

Debt Coverage: PAGEIND has no debt, therefore it does not need to be covered by operating cash flow.

Interest Coverage: PAGEIND has no debt, therefore coverage of interest payments is not a concern.


Balance Sheet


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Dividend

What is Page Industries's current dividend yield, its reliability and sustainability?

Dividend Score

3/6

Dividend Score 3/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


0.92%

Current Dividend Yield

Dividend Yield vs Market

Notable Dividend: PAGEIND's dividend (0.92%) is higher than the bottom 25% of dividend payers in the Indian market (0.43%).

High Dividend: PAGEIND's dividend (0.92%) is low compared to the top 25% of dividend payers in the Indian market (1.89%).


Stability and Growth of Payments

Stable Dividend: PAGEIND's dividend payments have been volatile in the past 10 years.

Growing Dividend: PAGEIND's dividend payments have increased over the past 10 years.


Earnings Payout to Shareholders

Earnings Coverage: At its current payout ratio (76.9%), PAGEIND's payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its high cash payout ratio (180.3%), PAGEIND's dividend payments are not well covered by cash flows.


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Management

How experienced are the management team and are they aligned to shareholders interests?

4.3yrs

Average management tenure


CEO

V. Ganesh (53 yo)

1

Tenure

₹19,710,000

Compensation

Mr. V. S. Ganesh, Sr., has been Managing Director of Page Industries Limited since June 01, 2022. He serves as Chief Executive Officer of Page Industries Limited since June 1, 2021 and has been its Executi...


CEO Compensation Analysis

Compensation vs Market: V.'s total compensation ($USD251.82K) is below average for companies of similar size in the Indian market ($USD900.69K).

Compensation vs Earnings: V.'s compensation has been consistent with company performance over the past year.


Leadership Team

Experienced Management: PAGEIND's management team is considered experienced (4.3 years average tenure).


Board Members

Experienced Board: PAGEIND's board of directors are considered experienced (8 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: PAGEIND insiders have only sold shares in the past 3 months.


Recent Insider Transactions

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Page Industries Limited's employee growth, exchange listings and data sources


Key Information

  • Name: Page Industries Limited
  • Ticker: PAGEIND
  • Exchange: NSEI
  • Founded: 1994
  • Industry: Apparel, Accessories and Luxury Goods
  • Sector: Consumer Durables
  • Implied Market Cap: ₹446.454b
  • Shares outstanding: 11.15m
  • Website: https://www.jockey.in

Number of Employees


Location

  • Page Industries Limited
  • Tower-1, Cessna Business Park
  • 3rd Floor
  • Bengaluru
  • Karnataka
  • 560103
  • India

Listings


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/06/27 00:00
End of Day Share Price2022/06/27 00:00
Earnings2022/03/31
Annual Earnings2022/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.