Page Industries share price: Page Industries shares down 0.6% as Nifty gains

The scrip opened at Rs 29932.45 and touched an intraday high and low of Rs 30000.0 and Rs 29350.0, respectively, in the session so far. The stock of Page Industries Ltd. quoted a 52-week high of Rs 32372.0 and a 52-week low of Rs 17639.15.

Total market cap of the Page Industries Ltd. stood at Rs 33060.08 crore at the time of writing this report.

Key Financials

The company reported consolidated net sales of Rs 931.21 crore for the quarter ended 31-Dec-2020, up 25.16 per cent from previous quarter’s Rs 744.02 crore and up 16.8 per cent from the year-ago quarter’s Rs 797.28 crore.

The net profit for latest quarter stood at Rs 153.7 crore, up 76.63 per cent from the corresponding quarter last year.

Shareholding pattern

As of 31-Mar-2021, domestic institutional investors held 12.07 per cent stake in the company, while foreign institutional investors held 25.89 per cent and the promoters 48.32 per cent.

Valuation ratio

According to BSE data, the stock traded at a P/E multiple of 129.12 and a price-to-book ratio of 23.03. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.

Page Industries Ltd. belongs to the Branded Hosiery/Knitwear industry.