XTRAS: In 2013 Page Industries has been awarded the ‘Star SME (Small and Medium Enterprises) of the Year 2012’ by Business Standard
SWOT ANALYSIS
STRENGTH
• Company with high TTM EPS Growth (413.9% returns for Nifty 500 over 5.4 years)
• Improving Cash Flow from operation for last 2 years.
• Stock achieved a new 52 Week High.
WEAKNESS
• Insufficient use of capital and shareholder funds to generate profit.
• Annual Net Profit declining from past 2years.
• Declining ROA from the past 2 years.
OPPORTUNITIES
• 10% increase in share price with rising net profit growth.
• High Momentum Scores (Technical Scores greater than 50)
• Price hike in 2021 and expected the same in the future.
THREATS
• Stocks with Expensive Valuations according to the Trendlyne Valuation Score.
• Stocks with high PE (PE> 40)
• Negative growth in profit, operating margin in recent quarters.
FUTURE PROSPECT
• Page Industries is targeting $1 billion in revenue by 2026 backed by burgeoning demand for athleisure wear, women’s innerwear, junior’s innerwear, and strong demand from Tier-2 and- 3 markets,
• The company is augmenting production capacity across 15 manufacturing facilities with additional shifts, setting up three new manufacturing facilities in Mysuru, Hassan, and Odisha, hiring 2,000 plus associates for its shop floor, and 350 staff in manufacturing, sales, and marketing roles.
• The company sees steady growth coming from Tier-2 and-3 cities and rural markets where people who predominantly buy products from the unorganized sector pre-Covid switched to branded products as there was a huge supply disruption in the unorganized market during the pandemic and branded players like Jockey were able to offer affordable premium products.
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