Page Industries, incorporated in the year 1994, is a Large Cap company (having a market cap of Rs 45799.48 Crore) operating in Apparels sector.
Page Industries key Products/Revenue Segments include Innerwear & Leisurewear, Scrap & Others, Other Operating Revenue and Duty Drawback for the year ending 31-Mar-2022.
Financials
The company’s top management includes Mr.Sandeep Maini, Mr.Rohan Genomal, Mr.Sanjeev Genomal, Mr.Varun Berry, Mr.Vikram Shah, Ms.Rukmani Menon, Mr.B C Prabhakar, Mr.G P Albal, Mr.Mark Fedyk, Mr.Ramesh Genomal, Mr.Nari Genomal, Mr.V S Ganesh, Mr.Shamir Genomal, Mr.Sunder Genomal, Mr.Arif Vazirally. Company has S R Batliboi & Associates LLP as its auditors. As on 30-09-2022, the company has a total of 1 Crore shares outstanding.
Investment Rationale
The brokerage anticipates Page will report YoY revenue growth of 8%to | 1283 crore in Q3FY23E mainly driven by realisation growth of 10% YoY while volumesare expected to decline 2% YoY. The brokerage expects gross margins to improve 280 bps YoY to 56%(55.8% in Q2FY23).
Promoter/FII Holdings
Promoters held 46.12 per cent stake in the company as of 30-Sep-2022, while FIIs owned 25.18 per cent, DIIs 18.84 per cent.
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