Page Industries
Page Industries Ltd, a Genomal group company, was established in 1994.
The Genomal group companies have been the licensees for the Jockey and
Speedo brands in the Philippines since 1959 and 1988 respectively. Page Industries Ltd. are specialists in the development and production
of high quality underwear for men, women, and children, and are the
licensees of Jockey International Inc. (USA) for manufacture and
distribution of the Jockey brand in India and Sri Lanka.
The companies factory is equipped with state of the art machinery and
equipment including high tech lab testing capabilities. Combed Cotton
Yarns are procured only from the largest and most modern spinning mills
in India where stringent controls guarantee exacting standards.
Integrated elastic weaving and fabric knitting along with carefully
controlled fabrics dyeing and processing ensure consistently high
standards of finished garments.
With modern and efficient production and
quality control systems led by a team of highly qualified
technologists, quality standards are at par with Jockey products
available worldwide
From 800 stores in 1996, the companies products are now being sold in
over 14,000 stores in over 1100 cities and towns spanning the entire
length and breadth of the country.
Page Industries exports underwear and sportswear worldwide.
Page Industries Quarterly Result update
Sales increased from 308cr to 396cr a growth of 28%
PAT increased from 40cr to 50cr approx a growth of 25%
Company has taken a loan of 45cr in this year and paid quarterly interest of 1.3cr
Trailing EPS of the company has increased from 132 to 169 a growth 39 points or 28%
Page Industries is currently trading at 67 PE is little high than the industry average which is 42x. We are not very confident about the growth of the share price from current levels and expect some correction in near term. Investors holding the stock can continue with the stock as the fundamentals are very strong.
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