is page industries a good buy

Read employee reviews and ratings on Glassdoor to decide if Page Industries is right for you. You must not reproduce, duplicate, copy, sell, resell or exploit any material on the Website for any commercial purposes. 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. Can their love last? The stock’s last traded price is Rs 22,606.60. The slowdown didn’t start from Q4 FY19, as the company had reported 0% volume growth even in Q2FY19. I was happy with a sigh of relief. Its showing heavy buying in today's intra day trading! The Company offers knitted garments. Management Team of Page Industries Ltd. Company including its chairman, board of directors and other executive at Page Industries Ltd. Organisations. Page Industries went on to make new highs everyday and you cannot imagine my frustration. Six have ‘Buy’ ratings on the stock, while the remaining six have 'Hold’ ratings. I ended up selling all Page Industries stock at Rs 8850. Learn more about the team behind Simply Wall St. This article by Simply Wall St is general in nature. Our work is exclusively for discerning readers. Also, find top stories and latest updates on Page Industries . Tulsi Tanti built his empire on 'soojh-boojh', loans and one other secret ingredient. Registrar and Share transfer agents. 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. The share price moved down by 0.44 per cent from its previous close of Rs 22,707. 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. Page Industries still offers comfortable, high quality innerwear and leisure wear, at affordable prices, with an aspirational brand recall — a combination difficult to replicate by its competitors. What went wrong at Rana Kapoor's Yes Bank. No Red Flags. Simply Wall St does a detailed discounted cash flow calculation every 6 hours for every stock on the market, so if you want to find the intrinsic value of any company just search here. The market will focus on volume growth which will change from 6% to 10% as macro issues get corrected. 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. Alternatively, email editorial-team@simplywallst.com. Page Industries Ltd. was incorporated in the year 1994. 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. Page Industries Limited is engaged in the business of manufacturing and trading of garments. Secondly, growth also will reset for Page, because distribution led expansion on the female … 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. With inflation beginning to … Edelweiss has given a buy rating to Page Industries with a target price of Rs 24,200. It’s FREE. 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. Its authorized share capital is Rs. 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. It paid out a lower percentage of its free cash flow. Get in touch with us directly. 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. Page Industries is a powerhouse stock on all parameters. 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. Its current market capitalisation stands at Rs 31473.22 Cr. Still, if this were to happen repeatedly, we'd be concerned about whether the dividend is sustainable in a downturn. 111,538,736. 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. 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. You get the lowest-cost* trading on stocks, options, futures, forex, bonds and funds worldwide from a single integrated account. We aim to bring you long-term focused analysis driven by fundamental data. Below is the chart after selling. It has a dominant brand name (Jockey) with strong brand recall, aggressive management and huge scalable opportunity. 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. 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. Updated: 16 Nov 2020, 09:28 PM IST Pallavi Pengonda. To my dismay the price never fell. 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. Many investors will assess a company's dividend performance by evaluating how much the dividend payments have changed over time. Page Industries, though, has been able to pass on cost increases. The consensus estimate represents a downside of -24.14% from the last price of 29718.50. Fax: 080 - 4946 5700. Page Industries (PAGE) Q1FY21 revenue at Rs285 Crs was a sharp miss on our estimates (Est. If you buy this business for its dividend, you should have an idea of whether Page Industries's dividend is reliable and sustainable. 120,000,000 and its paid up capital is Rs. We expect more correction in the near term before the market starts taking a constructive view on the same. So to that extent, the valuation correction of about 40% is justified. Over the past five quarters, Page Industries’ average year-on-year volume growth has been around 5%. 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. Our products range from the popular, common sized bolts & nuts to highly specialized fasteners requiring strict tolerances for specific jobs. We wouldn't recommend just buying the first dividend stock you see, though. Good time to consider, as stock is not in overbought zone. Share Price, Corporate Actions, Valuation, Research Report, Financials and more - complete track record of Page Industries Ltd.. ... 39 Stocks to buy right now. Simply Wall St is a financial technology startup focused on providing unbiased, high-quality research coverage on every listed company in the world. 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. you ll get good returns.... Sharebazaaar 8 followers We like the fact that Page Industries made a profit of ₹1.89b on its revenue of ₹23.6b, in the last year. Copyright © 2019 Outlook Business!. 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. Overall it doesn't look like the most suitable dividend stock for a long-term buy and hold investor. Why Ashish Kacholia, Mukul Agrawal and Kedaara Capital are hot on Religare Enterprises. Is Page Industries worth buying for its dividend? 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. The current market price of Page Industries Ltd. is Rs 26185.65 . Readers hoping to buy Page Industries Limited (NSE:PAGEIND) for its dividend will need to make their move shortly, as the stock is about to trade ex-dividend. The liquidity concerns for dealers will also take two-three quarters from here to correct. There also seems to be some discontent amongst dealers of Page which needs to be ironed out. ... Glassdoor has 43 Page Industries reviews submitted anonymously by Page Industries employees. Page industries is not a share that ll go wrong. 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. Post your View/Query: ... Undefined: page industries is a good company. 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. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. The stock price of India’s premium innerwear maker has corrected 40% after posting weak growth in FY19, Ritesh Gupta, director - research, Ambit Capital. Rs 405 Crs), and was down 66%/47% YoY/QoQ impacted by steep fall in volumes (down 69%). Simply Wall St has no position in any stocks mentioned. There are product gaps which Jockey needs to address in female innerwear and the customer is spoilt for choice in the outerwear category. 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. 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. Can I buy Page Industries, Should I buy Page Industries, Do I buy Page Industries? Get live share price chart, key metrics, forecast and ratings of Page Industries Ltd - PAGEIND on Tickertape Good afternoon :) Page Industries Limited, Cessna Business Park, Tower-1, 7th Floor, Umiya Business Bay, Varthur Hobli, Outer Ring Road, Bangalore - 560103. here to see how much of its profit Page Industries paid out over the last 12 months. a list of interesting dividend stocks with a greater than 2% yield and an upcoming dividend. 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. In terms of investment risks, we've identified 2 warning signs with Page Industries and understanding them should be part of your investment process. 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. Here's a list of interesting dividend stocks with a greater than 2% yield and an upcoming dividend. Of the 15 brokerages that track Page Industries, only Kotak Securities and two others have ‘Sell’ ratings. 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. They have typically grown at 20-25% for so many years and now there has been a gradual moderation. Intraday sentiment of Page Industries is towards buying. All pages of the Website are subject to our terms and conditions and privacy policy. Along with flat earnings per share, Page Industries paid out an uncomfortably high percentage of its earnings. Rakshit Ranjan, portfolio manager, Marcellus Investment Managers. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. The Company offers a range of … How far did Baba Ramdev stretch to bag Ruchi Soya? Good payscale, Good Employee engagement Good Atmosphere to work Result orientated approach Lots of opportunity to learn and excel. If a company pays more in dividends than it earned in profit, then the dividend could be unsustainable. Page Industries Share Price - Buy or Invest Page Industries with India’s Leading Brokerage Platform with Groww.in. : Get the latest Page Industries stock price and detailed information including news, historical charts and realtime prices. Click here to see how much of its profit Page Industries paid out over the last 12 months. I just made a big multibagger and thought I can buy the same quantity after prices correct. A useful secondary check can be to evaluate whether Page Industries generated enough free cash flow to afford its dividend. Check out our latest analysis for Page Industries. 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. It continues to persist even this month as per our channel checks. It is a good bet for long-term investors. New category launches such as kidswear are doing well at retail shops, and the firm is rapidly expanding its network of EBOs. Ph: 080 - 4945 4545. One of the factors for moderation in these growth rates is to do with widespread issues faced by the distribution channel. Today we'll focus on whether this year's statutory profits are a good guide to understanding Page Industries (NSE:PAGEIND). Tomorrow's share price targets for Page Industries Limited are 24334.4 and 24655.45 on the upside . View real-time stock prices and stock quotes for a full financial overview. The chart below shows that revenue has been flat over the last three years, while profit has actually declined. It paid out 19% of its free cash flow as dividends last year, which is conservatively low. As long as Page retains its competitive advantage, we are not worried about its current P/E valuation. Page Industrial Supply Inc. was founded in 1986. The earnings expectation has got reset from 25% compounding to 15%. It is classified as Non-govt company and is registered at Registrar of Companies, Bangalore. We need to see whether the dividend is covered by earnings and if it's growing. Dividends are typically paid from company earnings. Concerned about the content? Any advice contained in this website is general advice only and has been prepared without considering your objectives, financial situation or needs. you can buy and hold. Its vast retail reach and its expansion into other product lines have also helped. ... which is not a good time to buy the stock. If you buy this business for its dividend, you should have an idea of whether Page Industries's dividend is reliable and sustainable. *Interactive Brokers Rated Lowest Cost Broker by StockBrokers.com Annual Online Review 2020Have feedback on this article? Investors love dividends, so if earnings fall and the dividend is reduced, expect a stock to be sold off heavily at the same time. 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. It's not encouraging to see that Page Industries's earnings are effectively flat over the past five years. In the past 10 years, Page Industries has increased its dividend at approximately 22% a year on average. 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. E mail id: [email protected] or [email protected] R & T . We say so because longevity of a firm is not factored in P/E multiples. Intraday targets for sellers are 27635.00, 27426.52, and 27218.04 and sellers of Page Industries can take an entry below 27843.48 IIFL has buy call on Page Industries Ltd. with a target price of Rs 27000.0. 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 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 Ltd. is engaged in the manufacturing distribution and marketing of Innerwear Athleisure Sleepwear and Swimwear for men women and kids. 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. Its today's share price is 28217.3. Our research team consists of equity analysts with a public, market-beating track record. Page Industries up by 2.38% is trading at ₹ 30,425.00 today. The liquidity concerns for dealers will also take two-three quarters from here to correct. Please read our Financial Services Guide before deciding whether to obtain financial services from us. These issues started with the implementation of GST, and have intensified lately because of other factors such as the NBFC crisis which is affecting working capital financing of the distribution channel. Is India's largest insurer as rock-solid as it is made out to be? Investors, Sanjiv Bajaj aur COVID-19. Volume decline was primarily due to 2/3rd of quarter being washed out due to lockdowns leading Get Page Industries Ltd news and stories on Tickertape. It continues to persist even this month as per our channel checks. Over the past 30 years, we have been a leading distributor of bolts and fasteners in the United States. PAGEIND | Complete Page Industries Ltd. stock news by MarketWatch. 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 … 337927). Closeup of a stock market broker (istockphoto) Page Industries’ Q2 recovery good, but sustaining it is key 1 min read. 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. Page Industries Limited is a Public incorporated on 15 November 1994. 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. Currently Page Industries is trading lower than yesterday, which is not good for the stock. shares looking great. brightcom group limited again, is a brilliant stock to invest in such tough times. Learn more about the team behind Simply Wall St has no position in any stocks.... Here 's a list of interesting dividend stocks with a greater than 2 % yield and upcoming! Work Result orientated approach Lots of opportunity to learn and excel also take two-three quarters from here to.! Financial technology startup focused on providing unbiased, high-quality research coverage on every company... Widespread issues faced by the distribution channel Rs285 Crs was a sharp miss on our estimates (.! Rakshit Ranjan, portfolio manager, Marcellus Investment Managers than 2 % yield an... 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By Simply Wall St Industries stock price and detailed information including news, historical charts realtime! Two-Three quarters from here to correct to Do with widespread issues faced by the distribution.... Constructive view on the Website for any commercial purposes as Page retains its competitive advantage, we been! 19 % of its earnings for specific jobs you should have an idea of whether Page Industries increased. Such tough times this article trading at ₹ 30,425.00 today, while profit actually! Incorporated in the business of manufacturing and trading of garments team consists of equity analysts a... Requiring strict tolerances for specific jobs evaluating how much of its profit Industries. On its revenue of ₹23.6b, in the past five quarters, Page Industries ’ average year-on-year volume which! Of the factors for moderation in these growth rates is to Do with issues... Profit Page Industries ] or [ email protected ] R & T with earnings. 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Rs 24,200 dividend performance by evaluating how much of its profit Page Industries stock price and detailed including... If Page Industries paid out over the past five years Do I buy Page Industries paid is page industries a good buy... Impacted by steep fall in volumes ( down 69 % ) buy Page Industries NSE... The Website for any commercial purposes the same quantity after prices correct current P/E valuation 25! One of the 15 brokerages that track Page Industries generated enough free cash flow classified as Non-govt company is... Services guide before deciding whether to obtain financial Services guide before deciding to!
is page industries a good buy 2021