is page industries a good buy

here to see how much of its profit Page Industries paid out over the last 12 months. The Company offers a range of … The consensus estimate represents a downside of -24.14% from the last price of 29718.50. 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. 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. 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. Overall it doesn't look like the most suitable dividend stock for a long-term buy and hold investor. 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. Page Industries Limited is a Public incorporated on 15 November 1994. Edelweiss has given a buy rating to Page Industries with a target price of Rs 24,200. You must not reproduce, duplicate, copy, sell, resell or exploit any material on the Website for any commercial purposes. PAGEIND | Complete Page Industries Ltd. stock news by MarketWatch. How far did Baba Ramdev stretch to bag Ruchi Soya? shares looking great. 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. 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. Currently Page Industries is trading lower than yesterday, which is not good for the stock. *Interactive Brokers Rated Lowest Cost Broker by StockBrokers.com Annual Online Review 2020Have feedback on this article? Click here to see how much of its profit Page Industries paid out over the last 12 months. If a company pays more in dividends than it earned in profit, then the dividend could be unsustainable. 337927). 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. 111,538,736. Can their love last? To my dismay the price never fell. In the past 10 years, Page Industries has increased its dividend at approximately 22% a year on average. Today we'll focus on whether this year's statutory profits are a good guide to understanding Page Industries (NSE:PAGEIND). I was happy with a sigh of relief. 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. Its showing heavy buying in today's intra day trading! All pages of the Website are subject to our terms and conditions and privacy policy. The Company offers knitted garments. As long as Page retains its competitive advantage, we are not worried about its current P/E valuation. Simply Wall St has no position in any stocks mentioned. 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. Also, find top stories and latest updates on Page Industries . Rs 405 Crs), and was down 66%/47% YoY/QoQ impacted by steep fall in volumes (down 69%). Registrar and Share transfer agents. I just made a big multibagger and thought I can buy the same quantity after prices correct. ... which is not a good time to buy the stock. Its today's share price is 28217.3. The market will focus on volume growth which will change from 6% to 10% as macro issues get corrected. Page Industries up by 2.38% is trading at ₹ 30,425.00 today. 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. Rakshit Ranjan, portfolio manager, Marcellus Investment Managers. 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. Dividends are typically paid from company earnings. 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 … Page Industries Share Price - Buy or Invest Page Industries with India’s Leading Brokerage Platform with Groww.in. Our work is exclusively for discerning readers. 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. 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. Its vast retail reach and its expansion into other product lines have also helped. Get Page Industries Ltd news and stories on Tickertape. 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. They have typically grown at 20-25% for so many years and now there has been a gradual moderation. Share Price, Corporate Actions, Valuation, Research Report, Financials and more - complete track record of Page Industries Ltd.. ... 39 Stocks to buy right now. The slowdown didn’t start from Q4 FY19, as the company had reported 0% volume growth even in Q2FY19. Here's a list of interesting dividend stocks with a greater than 2% yield and an upcoming dividend. Over the past 30 years, we have been a leading distributor of bolts and fasteners in the United States. 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. 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 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. So to that extent, the valuation correction of about 40% is justified. The liquidity concerns for dealers will also take two-three quarters from here to correct. Closeup of a stock market broker (istockphoto) Page Industries’ Q2 recovery good, but sustaining it is key 1 min read. 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. Our research team consists of equity analysts with a public, market-beating track record. We need to see whether the dividend is covered by earnings and if it's growing. Get in touch with us directly. This article by Simply Wall St is general in nature. Ph: 080 - 4945 4545. Its authorized share capital is Rs. If you buy this business for its dividend, you should have an idea of whether Page Industries's dividend is reliable and sustainable. Investors love dividends, so if earnings fall and the dividend is reduced, expect a stock to be sold off heavily at the same time. We wouldn't recommend just buying the first dividend stock you see, though. Still, if this were to happen repeatedly, we'd be concerned about whether the dividend is sustainable in a downturn. Good payscale, Good Employee engagement Good Atmosphere to work Result orientated approach Lots of opportunity to learn and excel. Management Team of Page Industries Ltd. Company including its chairman, board of directors and other executive at Page Industries Ltd. Organisations. If you buy this business for its dividend, you should have an idea of whether Page Industries's dividend is reliable and sustainable. 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. Good time to consider, as stock is not in overbought zone. Intraday targets for sellers are 27635.00, 27426.52, and 27218.04 and sellers of Page Industries can take an entry below 27843.48 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. 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. It paid out 19% of its free cash flow as dividends last year, which is conservatively low. What went wrong at Rana Kapoor's Yes Bank. Page Industries Limited is engaged in the business of manufacturing and trading of garments. Volume decline was primarily due to 2/3rd of quarter being washed out due to lockdowns leading you can buy and hold. It continues to persist even this month as per our channel checks. Page Industries Ltd. was incorporated in the year 1994. You get the lowest-cost* trading on stocks, options, futures, forex, bonds and funds worldwide from a single integrated account. Our products range from the popular, common sized bolts & nuts to highly specialized fasteners requiring strict tolerances for specific jobs. 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. 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. 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 It has a dominant brand name (Jockey) with strong brand recall, aggressive management and huge scalable opportunity. In terms of investment risks, we've identified 2 warning signs with Page Industries and understanding them should be part of your investment process. Is Page Industries worth buying for its dividend? IIFL has buy call on Page Industries Ltd. with a target price of Rs 27000.0. Is India's largest insurer as rock-solid as it is made out to be? We say so because longevity of a firm is not factored in P/E multiples. 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. E mail id: [email protected] or [email protected] R & T . Any advice contained in this website is general advice only and has been prepared without considering your objectives, financial situation or needs. The stock’s last traded price is Rs 22,606.60. With inflation beginning to … Alternatively, email editorial-team@simplywallst.com. Learn more about the team behind Simply Wall St. Page Industries went on to make new highs everyday and you cannot imagine my frustration. 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. We aim to bring you long-term focused analysis driven by fundamental data. ... Glassdoor has 43 Page Industries reviews submitted anonymously by Page Industries employees. One of the factors for moderation in these growth rates is to do with widespread issues faced by the distribution channel. It’s FREE. The current market price of Page Industries Ltd. is Rs 26185.65 . There are product gaps which Jockey needs to address in female innerwear and the customer is spoilt for choice in the outerwear category. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Tulsi Tanti built his empire on 'soojh-boojh', loans and one other secret ingredient. 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. Page Industries is a powerhouse stock on all parameters. View real-time stock prices and stock quotes for a full financial overview. We expect more correction in the near term before the market starts taking a constructive view on the same. % volume growth has been flat over the past five quarters, Page Industries ’ Q2 good... Nse: PAGEIND ) on Tickertape position in any stocks mentioned out a lower percentage of its Page. Industries is trading at ₹ 30,425.00 today macro issues get corrected name Jockey. Not good for the stock to happen repeatedly, we 'd be concerned whether... On 15 November 1994 distribution is page industries a good buy which Jockey needs to be ironed out its vast retail reach and expansion! 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