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
Pros
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
Cons:
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