I was happy with a sigh of relief. Page Industries Limited, Cessna Business Park, Tower-1, 7th Floor, Umiya Business Bay, Varthur Hobli, Outer Ring Road, Bangalore - 560103. Page Industries (PAGE) Q1FY21 revenue at Rs285 Crs was a sharp miss on our estimates (Est. As long as Page retains its competitive advantage, we are not worried about its current P/E valuation. Share Price, Corporate Actions, Valuation, Research Report, Financials and more - complete track record of Page Industries Ltd.. From India's independent mutual fund research house. We need to see whether the dividend is covered by earnings and if it's growing. shares looking great. As a result, although Page remains one of the fastest growing innerwear firms over the past 12 months, the gap between growth rates reported by Page Industries and its competitors has narrowed down significantly. No Red Flags. Secondly, growth also will reset for Page, because distribution led expansion on the female innerwear/outerwear side is going to peak out and in the male innerwear segment, the competition is getting fairly aggressive and expanding distribution. Any advice contained in this website is general advice only and has been prepared without considering your objectives, financial situation or needs. you ll get good returns.... Sharebazaaar 8 followers There was a time, about two years ago when the markets were euphoric about the opportunity in female innerwear and outerwear, which in my view, is now getting rationalised. Our work is exclusively for discerning readers. Based on the last year's worth of payments, Page Industries has a trailing yield of 0.7% on the current stock price of ₹21923.95. It's not encouraging to see that Page Industries's earnings are effectively flat over the past five years. Page Industries Limited is a Public incorporated on 15 November 1994. One of the factors for moderation in these growth rates is to do with widespread issues faced by the distribution channel. New category launches such as kidswear are doing well at retail shops, and the firm is rapidly expanding its network of EBOs. It continues to persist even this month as per our channel checks. I just made a big multibagger and thought I can buy the same quantity after prices correct. Today we'll focus on whether this year's statutory profits are a good guide to understanding Page Industries (NSE:PAGEIND). The liquidity concerns for dealers will also take two-three quarters from here to correct. Page Industries went on to make new highs everyday and you cannot imagine my frustration. More share price targets here - Intraday, weekly and monthly price targets Short-term, Long-term forecast for Page Industries Limited NEWS for Page Industries Limited Teamwork’s page is an example of a great, in-depth timeline, which is always a welcome inclusion for an page because it provides insight into the the company’s development and growth. Investors, Sanjiv Bajaj aur COVID-19. Six have ‘Buy’ ratings on the stock, while the remaining six have 'Hold’ ratings. ... Glassdoor has 43 Page Industries reviews submitted anonymously by Page Industries employees. Having said that, if you're looking at this stock without much concern for the dividend, you should still be familiar of the risks involved with Page Industries. The company is the exclusive licensee of Jockey International Inc. (USA) for manufacture distribution and marketing of the JOCKEY brand in India Sri Lanka Bangladesh Nepal UAE Oman and Qatar. Fax: 080 - 4946 5700. Good payscale, Good Employee engagement Good Atmosphere to work Result orientated approach Lots of opportunity to learn and excel. The Company offers a range of … 111,538,736. It’s FREE. As a result, large format stores and Jockey’s exclusive brand outlets (EBOs) have not witnessed the degree of moderation in sales of Jockey’s products, which multi-brand outlets (hosiery stores) have witnessed. Companies that aren't growing their earnings can still be valuable, but it is even more important to assess the sustainability of the dividend if it looks like the company will struggle to grow. This means that investors who purchase shares on or after the 19th of November will not receive the dividend, which will be paid on the 10th of December. We expect more correction in the near term before the market starts taking a constructive view on the same. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. So to that extent, the valuation correction of about 40% is justified. Its current market capitalisation stands at Rs 31473.22 Cr. While PIL largely serves the men’s innerwear market (though it also has products for women), LLL has presence only in a woman’s wardrobe. Currently Page Industries is trading lower than yesterday, which is not good for the stock. I ended up selling all Page Industries stock at Rs 8850. Our products range from the popular, common sized bolts & nuts to highly specialized fasteners requiring strict tolerances for specific jobs. The Company offers knitted garments. Intraday sentiment of Page Industries is towards buying. The slowdown didn’t start from Q4 FY19, as the company had reported 0% volume growth even in Q2FY19. Secondly, growth also will reset for Page, because distribution led expansion on the female … The earnings expectation has got reset from 25% compounding to 15%. Page Industrial Supply Inc. was founded in 1986. The current market price of Page Industries Ltd. is Rs 26185.65 . It continues to persist even this month as per our channel checks. It is a good bet for long-term investors. In terms of investment risks, we've identified 2 warning signs with Page Industries and understanding them should be part of your investment process. To my dismay the price never fell. Simply Wall St has no position in any stocks mentioned. Check out our latest analysis for Page Industries. Concerned about the content? you can buy and hold. Page Industries Limited is engaged in the business of manufacturing and trading of garments. E mail id: [email protected] or [email protected] R & T . : Get the latest Page Industries stock price and detailed information including news, historical charts and realtime prices. Page Industries Ltd., incorporated in the year 1994, is a Large Cap company (having a market cap of Rs 25330.34 Crore) operating in Apparels sector. a list of interesting dividend stocks with a greater than 2% yield and an upcoming dividend. Page Industries Share Price - Buy or Invest Page Industries with India’s Leading Brokerage Platform with Groww.in. It's good to see that while Page Industries's dividends were not well covered by profits, at least they are affordable from a cash perspective. Can their love last? You should not rely on any advice and/or information contained in this website and before making any investment decision we recommend that you consider whether it is appropriate for your situation and seek appropriate financial, taxation and legal advice. How far did Baba Ramdev stretch to bag Ruchi Soya? Many investors will assess a company's dividend performance by evaluating how much the dividend payments have changed over time. It paid out 19% of its free cash flow as dividends last year, which is conservatively low. brightcom group limited again, is a brilliant stock to invest in such tough times. If you believe that the company will grow earnings annually at 20% over the next five to 10 years, then the stock was cheap even before the recent correction. We'd take that over an earnings decline any day, but in the long run, the best dividend stocks all grow their earnings per share. Alternatively, email [email protected] Still, if this were to happen repeatedly, we'd be concerned about whether the dividend is sustainable in a downturn. Page Industries Ltd. share price forecast The 20 reports from 6 analysts offering long term price targets for Page Industries Ltd. have an average target of 22543.50. Page Industries's next dividend payment will be ₹100.00 per share, and in the last 12 months, the company paid a total of ₹158 per share. Page Industries Ltd. was incorporated in the year 1994. Promoted When trading Page Industries or any other investment, use the platform considered by many to be the Professional's Gateway to the Worlds Market, Interactive Brokers. Please read our Financial Services Guide before deciding whether to obtain financial services from us. Over the past five quarters, Page Industries’ average year-on-year volume growth has been around 5%. Is Page Industries worth buying for its dividend? Here's a list of interesting dividend stocks with a greater than 2% yield and an upcoming dividend. Share Price, Corporate Actions, Valuation, Research Report, Financials and more - complete track record of Page Industries Ltd.. ... 39 Stocks to buy right now. Ph: 080 - 4945 4545. We say so because longevity of a firm is not factored in P/E multiples. 120,000,000 and its paid up capital is Rs. If a company pays more in dividends than it earned in profit, then the dividend could be unsustainable. The market will focus on volume growth which will change from 6% to 10% as macro issues get corrected. A useful secondary check can be to evaluate whether Page Industries generated enough free cash flow to afford its dividend. According to the ET , the innerwear market in India is estimated at a mammoth Rs 25,000 crore and is expected to grow at 12% to 14% over the next decade. Its showing heavy buying in today's intra day trading! Good time to consider, as stock is not in overbought zone. It paid out a lower percentage of its free cash flow. Page Industries up by 2.38% is trading at ₹ 30,425.00 today. We like the fact that Page Industries made a profit of ₹1.89b on its revenue of ₹23.6b, in the last year. Over the past 30 years, we have been a leading distributor of bolts and fasteners in the United States. Get in touch with us directly. Page Industries Share Price, Page Industries Stock Price, Page Industries Ltd. Stock/Share prices, Page Industries Ltd. Live BSE/NSE, F&O Quote of Page Industries … The consensus estimate represents a downside of -24.14% from the last price of 29718.50. We wouldn't recommend just buying the first dividend stock you see, though. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Last year, Page Industries paid out 93% of its income as dividends, which is above a level that we're comfortable with, especially if the company needs to reinvest in its business. Also, find top stories and latest updates on Page Industries . You must not reproduce, duplicate, copy, sell, resell or exploit any material on the Website for any commercial purposes. Updated: 16 Nov 2020, 09:28 PM IST Pallavi Pengonda. While the current valuation of 62x P/E on 12-month trailing basis is not steep for a market leader with strong ROCE, there are a lot of uncertainties around the business in the short term. Can I buy Page Industries, Should I buy Page Industries, Do I buy Page Industries? They have typically grown at 20-25% for so many years and now there has been a gradual moderation. Along with flat earnings per share, Page Industries paid out an uncomfortably high percentage of its earnings. ... which is not a good time to buy the stock. Another great feature of their site which ties into the About Us page is that there is a large call to action at the footer of the page. Why Ashish Kacholia, Mukul Agrawal and Kedaara Capital are hot on Religare Enterprises. To read our edgy stories and access our archives, you’ve to subscribe, Page Industries|Jockey|Ritesh Gupta|Ambit Capital|Rakshit Ranjan|Marcellus Investment Managers. Its today's share price is 28217.3. Anyways, LLL’s comparison with Page Industries Ltd. (PIL) is valid on one, and just one, count – and that is that both these companies are in the branded innerwear market. Closeup of a stock market broker (istockphoto) Page Industries’ Q2 recovery good, but sustaining it is key 1 min read. The stock’s last traded price is Rs 22,606.60. We aim to bring you long-term focused analysis driven by fundamental data. Rs 405 Crs), and was down 66%/47% YoY/QoQ impacted by steep fall in volumes (down 69%). Rakshit Ranjan, portfolio manager, Marcellus Investment Managers. *Interactive Brokers Rated Lowest Cost Broker by StockBrokers.com Annual Online Review 2020Have feedback on this article? PAGEIND | Complete Page Industries Ltd. stock news by MarketWatch. here to see how much of its profit Page Industries paid out over the last 12 months. Volume decline was primarily due to 2/3rd of quarter being washed out due to lockdowns leading While Page Industries continues to be a very strong brand on the innerwear side, we believe there will be a slowdown in the sector for the next few quarters. Learn more about the team behind Simply Wall St. Based on the last year's worth of payments, Page Industries has a trailing yield of 0.7% on the current stock price of ₹21923.95. Click here to see how much of its profit Page Industries paid out over the last 12 months. In the past 10 years, Page Industries has increased its dividend at approximately 22% a year on average. Page Industries Ltd. is engaged in the manufacturing distribution and marketing of Innerwear Athleisure Sleepwear and Swimwear for men women and kids. It has a dominant brand name (Jockey) with strong brand recall, aggressive management and huge scalable opportunity. Post your View/Query: ... Undefined: page industries is a good company. What went wrong at Rana Kapoor's Yes Bank. While Page Industries continues to be a very strong brand on the innerwear side, we believe there will be a slowdown in the sector for the next few quarters. Is India's largest insurer as rock-solid as it is made out to be? 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