Page Industries Stock Journey
Page Industries is an Indian manufacturer and retailer of innerwear, loungewear, and socks. It is the licensee of Jockey International in India, Sri Lanka, Nepal, Bangladesh, the United Arab Emirates, Oman, and Qatar.
In 2011, it licenced Speedo swimwear to the Pentland Group for India and Sri Lanka. The company was founded in 1994 by Sundar Jeenomal and his brothers Nari and Ramesh, and together they hold a 54% stake in it.
The stock of this company was listed on the stock market in 2007. Since then, it has returned nearly 18000 percent to investors.With this, investors investing Rs 1 lakh in the company’s shares have become crorepatis.
The Brand is Spread in More Than 140 Countries
Today, its flagship brand, Jockey International, is active in more than 140 countries, marketing a range of underwear, socks, thermals, sleepwear, activewear, sportswear, loungewear, and children’s products.
Its second brand, Speedo, is also the world’s leading swimwear brand. Its Speedos have won more Olympic gold medals than any other brand.
15-year Return
For nearly 15 years, Page Industries has been one of the best-performing stocks.The stock was at Rs 271.80 on the NSE on March 16, 2007, while it closed at Rs 49,162.35 on last Friday.
The stock has gained about 17,987.69 percent during this period. This has turned the investors’ Rs 1 lakh into over Rs 1.80 crore and made them rich.
5 Year Return
As of August 18, 2017, Page Industries’ share price was Rs 17,110.20. It is now worth Rs 49,162.35.
That is, it has doubled investors’ money in 5 years. This stock has returned 187.33% over the last five years.That is, whoever invested Rs 1 lakh 5 years ago would be worth around Rs 2.87 lakh today.
6 Month Return
Page Industries’ stock has given a 20.12 percent return so far in 2023. At the same time, its last six months’ returns have been 25.64 percent.
It has given a 12.54 percent return in one month. Page Industries’ stock has given a 57.66 percent return in one year.
How Much is Market Capital?
The current market capitalization of Page Industries is Rs 54,868.81 crore. The peak of its stock in the last 52 weeks has been Rs 50,338.05, and the lowest level has been Rs 29,965.50.
Page Industries Limited on Thursday announced a multi-fold increase in its net profit for the quarter ending June 2022. During the quarter, the company made a profit of Rs 207.03 crore.
The company had posted a net profit of Rs 10.94 crore during the April-June period a year ago. Its revenue for the quarter was Rs 1,341.26 crore, more than double the amount lost due to the pandemic in the same quarter last year.
The company’s income at the time was Rs 501.53 crore.Its total expenditure also doubled to Rs 1,070 crore from Rs 490.57 crore earlier.
