Closeup of a stock market broker (istockphoto) Page Industries’ Q2 recovery good, but sustaining it is key 1 min read. Get in touch with us directly. Competitive intensity has also increased over the last 12 months in the premium innerwear segment, with some players offering higher margins and longer credit period to the trade channel. 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. We need to see whether the dividend is covered by earnings and if it's growing. 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. 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. Is India's largest insurer as rock-solid as it is made out to be? With inflation beginning to … Page industries is not a share that ll go wrong. The share price moved down by 0.44 per cent from its previous close of Rs 22,707. Our research team consists of equity analysts with a public, market-beating track record. We like the fact that Page Industries made a profit of ₹1.89b on its revenue of ₹23.6b, in the last year. E mail id: [email protected] or [email protected] R & T . A useful secondary check can be to evaluate whether Page Industries generated enough free cash flow to afford its dividend. So to that extent, the valuation correction of about 40% is justified. Edelweiss has given a buy rating to Page Industries with a target price of Rs 24,200. If you buy this business for its dividend, you should have an idea of whether Page Industries's dividend is reliable and sustainable. Page Industries is also the exclusive licensee of Speedo International Ltd. for the manufacture marketing and distribution of the Speedo brand in India consisting of swimwear apparel water shorts equipments and footwear.JOCKEY is the company's flagship brand and a market leader in the innerwear category. It continues to persist even this month as per our channel checks. Its today's share price is 28217.3. Page Industrial Supply Inc. was founded in 1986. Registrar and Share transfer agents. This article by Simply Wall St is general in nature. Of the 15 brokerages that track Page Industries, only Kotak Securities and two others have ‘Sell’ ratings. Get live share price chart, key metrics, forecast and ratings of Page Industries Ltd - PAGEIND on Tickertape Good afternoon :) The Company offers a range of … 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. It is a good bet for long-term investors. You get the lowest-cost* trading on stocks, options, futures, forex, bonds and funds worldwide from a single integrated account. 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. Intraday sentiment of Page Industries is towards buying. ... which is not a good time to buy the stock. Secondly, growth also will reset for Page, because distribution led expansion on the female … To my dismay the price never fell. Any advice contained in this website is general advice only and has been prepared without considering your objectives, financial situation or needs. Is Page Industries worth buying for its dividend? What went wrong at Rana Kapoor's Yes Bank. Intraday targets for sellers are 27635.00, 27426.52, and 27218.04 and sellers of Page Industries can take an entry below 27843.48 Fax: 080 - 4946 5700. Post your View/Query: ... Undefined: page industries is a good company. 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. Rakshit Ranjan, portfolio manager, Marcellus Investment Managers. Also, find top stories and latest updates on Page Industries . Page Industries, though, has been able to pass on cost increases. *Interactive Brokers Rated Lowest Cost Broker by StockBrokers.com Annual Online Review 2020Have feedback on this article? All pages of the Website are subject to our terms and conditions and privacy policy. I just made a big multibagger and thought I can buy the same quantity after prices correct. The slowdown didn’t start from Q4 FY19, as the company had reported 0% volume growth even in Q2FY19. Overall it doesn't look like the most suitable dividend stock for a long-term buy and hold investor. They have typically grown at 20-25% for so many years and now there has been a gradual moderation. Check out our latest analysis for Page Industries. Simply Wall St has no position in any stocks mentioned. Page Industries Limited, Cessna Business Park, Tower-1, 7th Floor, Umiya Business Bay, Varthur Hobli, Outer Ring Road, Bangalore - 560103. Rs 405 Crs), and was down 66%/47% YoY/QoQ impacted by steep fall in volumes (down 69%). The stock’s last traded price is Rs 22,606.60. Why Ashish Kacholia, Mukul Agrawal and Kedaara Capital are hot on Religare Enterprises. 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. Alternatively, email editorial-team@simplywallst.com. Investors love dividends, so if earnings fall and the dividend is reduced, expect a stock to be sold off heavily at the same time. 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. Simply Wall Street Pty Ltd (ACN 600 056 611), is a Corporate Authorised Representative (Authorised Representative Number: 467183) of Sanlam Private Wealth Pty Ltd (AFSL No. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. 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. It's not encouraging to see that Page Industries's earnings are effectively flat over the past five years. There also seems to be some discontent amongst dealers of Page which needs to be ironed out. Many investors will assess a company's dividend performance by evaluating how much the dividend payments have changed over time. Page Industries Share Price - Buy or Invest Page Industries with India’s Leading Brokerage Platform with Groww.in. Still, if this were to happen repeatedly, we'd be concerned about whether the dividend is sustainable in a downturn. The consensus estimate represents a downside of -24.14% from the last price of 29718.50. Page Industries Ltd., incorporated in the year 1994, is a Large Cap company (having a market cap of Rs 28876.88 Crore) operating in Apparels sector. 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. We say so because longevity of a firm is not factored in P/E multiples. brightcom group limited again, is a brilliant stock to invest in such tough times. Click here to see how much of its profit Page Industries paid out over the last 12 months. 111,538,736. Over the past 30 years, we have been a leading distributor of bolts and fasteners in the United States. 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. 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. The current market price of Page Industries Ltd. is Rs 26185.65 . 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. If a company pays more in dividends than it earned in profit, then the dividend could be unsustainable. 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. Page Industries Limited is engaged in the business of manufacturing and trading of garments. Investors, Sanjiv Bajaj aur COVID-19. 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 … 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. Copyright © 2019 Outlook Business!. Can I buy Page Industries, Should I buy Page Industries, Do I buy Page Industries? In the past 10 years, Page Industries has increased its dividend at approximately 22% a year on average. Can their love last? The market will focus on volume growth which will change from 6% to 10% as macro issues get corrected. Currently Page Industries is trading lower than yesterday, which is not good for the stock. 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. Page Industries went on to make new highs everyday and you cannot imagine my frustration. Page Industries Limited is a Public incorporated on 15 November 1994. Today we'll focus on whether this year's statutory profits are a good guide to understanding Page Industries (NSE:PAGEIND). : 16 Nov 2020, 09:28 PM IST Pallavi Pengonda to buy the,... 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