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. Page industries is not a share that ll go wrong. It paid out 19% of its free cash flow as dividends last year, which is conservatively low. The Company offers knitted garments. 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 Ltd. was incorporated in the year 1994. 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. In the past 10 years, Page Industries has increased its dividend at approximately 22% a year on average. Its showing heavy buying in today's intra day trading! 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. Can their love last? 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. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Post your View/Query: ... Undefined: page industries is a good company. Also, find top stories and latest updates on Page Industries . Intraday sentiment of Page Industries is towards buying. They have typically grown at 20-25% for so many years and now there has been a gradual moderation. The Company offers a range of … 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. 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. We aim to bring you long-term focused analysis driven by fundamental data. Edelweiss has given a buy rating to Page Industries with a target price of Rs 24,200. 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. Rakshit Ranjan, portfolio manager, Marcellus Investment Managers. If a company pays more in dividends than it earned in profit, then the dividend could be unsustainable. Today we'll focus on whether this year's statutory profits are a good guide to understanding Page Industries (NSE:PAGEIND). The earnings expectation has got reset from 25% compounding to 15%. brightcom group limited again, is a brilliant stock to invest in such tough times. It’s FREE. 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. The share price moved down by 0.44 per cent from its previous close of Rs 22,707. 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 stock price of India’s premium innerwear maker has corrected 40% after posting weak growth in FY19, Ritesh Gupta, director - research, Ambit Capital. Page Industries Share Price - Buy or Invest Page Industries with India’s Leading Brokerage Platform with Groww.in. 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. There also seems to be some discontent amongst dealers of Page which needs to be ironed out. It's not encouraging to see that Page Industries's earnings are effectively flat over the past five years. 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. Copyright © 2019 Outlook Business!. Dividends are typically paid from company earnings. It is classified as Non-govt company and is registered at Registrar of Companies, Bangalore. One of the factors for moderation in these growth rates is to do with widespread issues faced by the distribution channel. 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. It continues to persist even this month as per our channel checks. here to see how much of its profit Page Industries paid out over the last 12 months. Over the past five quarters, Page Industries’ average year-on-year volume growth has been around 5%. Still, if this were to happen repeatedly, we'd be concerned about whether the dividend is sustainable in a downturn. Tomorrow's share price targets for Page Industries Limited are 24334.4 and 24655.45 on the upside . Volume decline was primarily due to 2/3rd of quarter being washed out due to lockdowns leading Check out our latest analysis for Page Industries. How far did Baba Ramdev stretch to bag Ruchi Soya? 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. ... Glassdoor has 43 Page Industries reviews submitted anonymously by Page Industries employees. Is Page Industries worth buying for its dividend? 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. Simply Wall St is a financial technology startup focused on providing unbiased, high-quality research coverage on every listed company in the world. Below is the chart after selling. IIFL has buy call on Page Industries Ltd. with a target price of Rs 27000.0. 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. 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. It continues to persist even this month as per our channel checks. What went wrong at Rana Kapoor's Yes Bank. 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