Friday, October 4, 2013

PAGE Industries

- The name could easily be mis-connected with paper industries.
- PAGE industries belongs to Textile Industry.
- Holds exclusive license of US based Jockey International for India, Srilanka, Bangladesh, Nepal and UAE.
- Markets innerwear and apparel products for men and women.
- Young and aspiring population is the key customer segment.
- Also became the exclusive licensee of Speedo International in 2011 to manufacture and market speedo's swimming products like swim wear, water shorts, apparel, equipment and footwear.
- Came out with IPO in 2007.
- Since 2007, stock price has appreciated 12 times !
- IPO price in 2007 : Rs.360 (including premium of Rs.350).
- Today's price : Rs.4222
- In last 10 years, Turnover is up 14 times, Profit is up 21 times and Net worth is up 41 times.
- High Price to Book value (22) justified by superlative growth + strong brand and technology tie-up.

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