Page Industries share price: Page Industries shares up 0.35% as Nifty gains

NEW DELHI: Shares of Ltd. traded 0.35 per cent up in Tuesday’s trade at 12:45PM (IST). Around 17,484 shares changed hands on the counter.

The counter opened at Rs 30315.85 and touched an intraday high and low of Rs 30315.85 and Rs 30144.75, respectively, in the session so far. Shares of the company of Page Industries Ltd. quoted a 52-week high of Rs 32450.0 and a 52-week low of Rs 17639.15.

Total market cap of the Page Industries Ltd. stood at Rs 33708.01 crore at the time of writing this report.


Key Financials

The company reported consolidated net sales of Rs 886.32 crore for the quarter ended 31-Mar-2021, down 4.82 per cent from previous quarter’s Rs 931.21 crore and down 60.81 per cent from the year-ago quarter’s Rs 551.17 crore.

The net profit for latest quarter stood at Rs 115.56 crore, up 272.49 per cent from the same quarter a year ago.

Shareholding pattern

As of 31-Mar-2021, DIIs 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 98.97 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.

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