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PAGEIND Consensus Forecast

No. of reports in last year
1
No. of analysts
1
Average Consensus Forecast
18050
Consensus Potential
-10.21%

PAGEIND Price Target Potential

BrokerageTargetPotential
ICICIdirect.com18050-10.21%

PAGEIND Targets in FrontPage Forums

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PAGEIND Ratings

Long term PAGEIND rating by FrontPage users
3/5 (1 Ratings)

1 PAGEIND share price target reports by brokerages below. See what is analyst's view on PAGEIND share price forecast, rating, estimates, valuation and prediction behind the target. You may use these research report forecasts for long-term to medium term for your investment or trades in 2020.
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PAGEIND Share Price Target

PAGEIND Share Price Target - Broker Reports - 2019

9-Aug-19
Price @ Call: 17726.85
Target: 18050
HOLD
Despite weak revenue growth, the company managed to improve its working capital cycle (6.3x in Q1FY20 vs. 6.0 in Q4FY19) in Q1FY20. Driven by higher focus on product quality & innovation, coupled with enhancement of distribution reach, the management believes that Page could benefit from the improvement in the market scenario as and when the same materialises. However, we expect near term pressure to persist. We revise our estimates downwards and expect revenue and earnings to grow at a CAGR of 10% and 12% respectively. We reiterate our HOLD rating on the stock, with a revised target price of | 18050 (41.0x FY21E EPS) (earlier TP: | 19000).
... Read more
18-Apr-19
Price @ Call: 23877.63
Target: 26850
BUY
15-Feb-19
Price @ Call: 23964.5
Target: 30030
BUY
Volume growth back on track. Page Industries’ reported ~12% volume growth – strong recovery after reporting flat volume growth in Q2. The growth was impressive considering strong base of 11% and increased competition in the category. We attribute this to shift in festive season which resulted in pent up demand during the quarter. The operational performance during the quarter came ahead of our estimate primarily due to 150bps expansion in GM. We continue to believe that with the changing economy, branded innerwear market would continue to report double-digit volume growth and Page will enhance the most, being a leader in the category. We do not see price pass on as a challenge during inflationary environment as the company has robust brand recognition in the premium category. Though the company is likely to mitigate the competition with strong brand positioning, ongoing innovations, increasing number of stores and wide distribution reach, we believe that the monopoly of the company has come to an end in the category. Consequently, we believe that the historical P/E multiple would not sustain. Hence we have revised our target multiple to 50x (in line with HUL vs 20% premium earlier). Considering recent price correction, we view the stock as an attractive investment opportunity at CMP. Maintain BUY with TP of ` 30,030.
... Read more
15-Feb-19
Price @ Call: 23964.5
Target: 25755
NEUTRAL
Outperformance on most fronts. Valuation and view: There is no material change in our EPS forecasts. Volume growth for the quarter was in double-digits, led by the festive season mismatch, which impacted PAG in 2QFY19, but worked in its favor in 3QFY19. In our view, PAG remains a compelling investment case in the Indian consumer space, with potentially better earnings growth compared to peers and healthy RoCEs. The special dividend (INR180 per share YTD so far) is also encouraging and not unexpected given the ongoing balance sheet improvement. Nevertheless, volume growth has tapered off from the earlier levels and competition is intensifying in the men’s innerwear space. Valuations at 50.8x FY20E EPS leave little room for upside from a one-year perspective. Valuations are at premium levels, despite assuming a healthy 22.6% EPS CAGR over FY18- 21. We maintain Neutral with a target price of INR25,755 (47x Dec’20E EPS, ~20% discount to three-year average).
... Read more

PAGEIND Share Price Target - Broker Reports - 2018

30-Nov-18
Price @ Call: 25822.28
Target: 26535
NEUTRAL
16-Nov-18
Price @ Call: 25532.55
Target: 35000
BUY
9-Aug-18
Price @ Call: 30254.05
Target: 35000
BUY
1-Aug-18
Price @ Call: 29106.6
Target: 33460
BUY
25-May-18
Price @ Call: 24371.93
Target: 28200
BUY
23-Feb-18
Price @ Call: 22629.43
Target: 27490
BUY
9-Feb-18
Price @ Call: 20644.3
Target: 28270
BUY

PAGEIND Share Price Target - Broker Reports - 2017

22-Nov-17
Price @ Call: 22981.25
Target: 15316
SELL
10-Nov-17
Price @ Call: 22314.3
Target: 25580
BUY
21-Aug-17
Price @ Call: 17025
Target: 18000
ADD
11-Aug-17
Price @ Call: 16215.85
Target: 19600
BUY
14-Jul-17
Price @ Call: 16798
Target: 17860
BUY
26-May-17
Price @ Call: 14330
Target: 12500
SELL
10-Feb-17
Price @ Call: 14440
Target: 12000
SELL
15-Feb-17
Price @ Call: 14223
Target: 15700
BUY
10-Feb-17
Price @ Call: 14423.7
Target: 13000
SELL

PAGEIND Share Price Target - Broker Reports - 2016

25-May-16
Price @ Call: 13126
Target: 15000
BUY
15-Nov-16
Price @ Call: 13400
Target: 12000
SELL
12-Aug-16
Price @ Call: 14272
Target: 16930
BUY
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  • PAGEIND Share Price Target Today- Technical Pivot Points (Classic)

    keyboard_arrow_down
    Upside Target 320,581.75
    Upside Target 220,353.35
    Upside Target 120,131.85
    Pivot19,903.45
    Downside Target 119,681.95
    Downside Target 219,453.55
    Downside Target 319,232.05
  • PAGEIND Share Price Target weekly- Technical Pivot Points (Classic)

    keyboard_arrow_down
    Upside Target 321,831.83
    Upside Target 221,410.92
    Upside Target 120,651.83
    Pivot20,230.92
    Downside Target 119,471.83
    Downside Target 219,050.92
    Downside Target 318,291.83
  • PAGEIND Share Price Target monthly- Technical Pivot Points (Classic)

    keyboard_arrow_down
    Upside Target 325,084.62
    Upside Target 223,139.23
    Upside Target 121,526.92
    Pivot19,581.53
    Downside Target 117,969.22
    Downside Target 216,023.83
    Downside Target 314,411.52
  • PAGEIND Share Price Target today- Technical Pivot Points (Fibonacci)

    keyboard_arrow_down
    Upside Target 320,353.35
    Upside Target 220,181.49
    Upside Target 120,075.31
    Pivot19,903.45
    Downside Target 119,731.59
    Downside Target 219,625.41
    Downside Target 319,453.55
  • PAGEIND Share Price Target weekly- Technical Pivot Points (Fibonacci)

    keyboard_arrow_down
    Upside Target 321,410.92
    Upside Target 220,960.16
    Upside Target 120,681.68
    Pivot20,230.92
    Downside Target 119,780.16
    Downside Target 219,501.68
    Downside Target 319,050.92
  • PAGEIND Share Price Target monthly- Technical Pivot Points (Fibonacci)

    keyboard_arrow_down
    Upside Target 323,139.23
    Upside Target 221,780.19
    Upside Target 120,940.57
    Pivot19,581.53
    Downside Target 118,222.49
    Downside Target 217,382.87
    Downside Target 316,023.83
SOURCE: Data from D'Market via Quandl. Intraday data delayed 15 minutes.
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