Page Industries Ltd

Market Cap in Crores : 21,679

52 weeks High / Low: 26,891 / 16,187

Current Price: 19,436

Stock P/E: 63.16

Book Value: 735

Dividend Yield: 0.83%

P/B: 26.44
1. Exclusive license to sell Jockey brand in India
2. Very well known brand – Jockey
3. High quality products
4. Excellent distribution – 750+ Exclusive Outlets, presence in 66000+ outlets & good ecommernce brands
5. Strong manufacturing with all manufacturing plants in India with excellent quality controls
6. An industry which hardly goes through a slowdown.
7. Very good Sales growths in the past. Entry into Women & Kids section has lot of potential.
8. Excellent Return ratios – ROCE, ROE
9. Low Debt company and good FII & DII holding
1. Short Term Covid impact due to shutdown of shops
2. Competition from global brands like Van Heusen, Nike, Adidas, Puma, Tommy Hilfiger

Quarterly Results (Standalone in Crores) as on March -2020

Profit before Tax : 31 Cr against 116 cr in Q1 -2019

Operating Profit at 68 Cr

Current Shareholding

Foreign Promoters: 48.32%

FII/DII : 25%/14%

Our View

Company : Absolutely Good

Industry : Has established a strong brand in form of jockey, Good

No issues with Governance

Great Financials

Valuations : Higher

Having worked several years into Life Insurance, Health Insurance, Mutual Funds & Closely with people into financial planning i am now putting my first step in investment advisory

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