Page Industries Ltd
About
Page Industries is a manufacturing, marketing, distribution, and retail company committed to creating world-class brands. It is associated with the manufacturing, distribution, and marketing of the Jockey brand as its exclusive licensee in India. In fact, the company was set up in 1994 and began operations in 1995 with the objective of bringing the Jockey brand to India. Page Industries is the exclusive licensee of Speedo International Ltd. as well. Through these two brands, Page Industries is involved in the manufacturing, distribution, and marketing of products like thermals, underwear, socks, activewear, sportswear, and sleepwear. Page has 15 manufacturing complexes across India in Bangalore, Hassan, Mysore, Gowribidanur, Tiptur, and Tirupur. Its distribution network consists of more than 50,000 retail outlets in approximately 1,800 cities and towns all over India.
Featured In Fortune India Ranking
Financial Data 2024
Financial Data
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (INR Cr) | 4506 -20.8% | 5687 34.6% | 4224 59.1% | 2656 -10.1% | 2953 -3.2% | 3049 21.5% | 2509 11.6% | 2249 19.5% | 1883 16.0% | 1623 29.5% | 1253 38.0% | 908 28.7% | 706 27.8% | 552 55.6% | 355 31.3% | 270 - |
| Net Operating Income (INR Cr) | 4825 -2.05% | 4926 22.52% | 4021 41.92% | 2833 -3.82% | 2946 3.27% | 2852 11.79% | 2551 19.87% | 2129 18.54% | 1796 16.34% | 1543 29.95% | 1188 35.53% | 876 25.81% | 697 41.70% | 492 41.77% | 347 36.16% | 255 32.39% |
| Profit (INR Cr) | 569 -0.4% | 571 6.5% | 537 57.5% | 341 -0.8% | 343 -12.9% | 394 13.5% | 347 30.3% | 266 15.0% | 232 18.1% | 196 27.5% | 154 36.7% | 113 25.1% | 90 53.7% | 59 47.8% | 40 25.2% | 32 - |
| Assets (INR Cr) | 1787 0.2% | 1784 47.9% | 1206 18.2% | 1020 1.5% | 1005 15.7% | 869 -6.4% | 929 21.4% | 765 21.0% | 632 1.6% | 623 20.1% | 518 48.3% | 349 28.6% | 272 4.4% | 260 69.3% | 154 19.5% | 129 - |
| Net Worth (INR Cr) | 1597 16.5% | 1371 25.9% | 1089 23.0% | 885 7.9% | 820 5.8% | 775 -8.5% | 847 27.3% | 666 25.7% | 530 37.0% | 387 33.8% | 289 35.4% | 214 28.8% | 166 34.0% | 124 25.0% | 99 14.1% | 87 12.2% |
| Employee Cost (INR Cr) | 804 -9.2% | 885 22.9% | 720 27.7% | 564 6.0% | 532 13.9% | 467 14.8% | 407 8.2% | 376 20.1% | 313 20.9% | 259 37.4% | 188 31.0% | 144 27.4% | 113 25.7% | 90 54.3% | 58 38.2% | 42 - |
| Interest Cost (INR Cr) | 45 | 41 | 34 | 30 | 34 | 17 | 18 | 19 | 19 | 18 | 15 | 12 | 10 | 7 | 4 | 4 |
| Cash & Bank Balance (INR Cr) | 321 | 8 | 283 | 435 | 117 | 44 | 67 | 21 | 9 | 4 | 3 | 5 | 3 | 3 | 3 | 10 |
| Total Debt (INR Cr) | 185 | 406 | 110 | 127 | 176 | 85 | 69 | 88 | 95 | 157 | 163 | 101 | 76 | 115 | 55 | 42 |
Key Financial Ratios
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Profit As % Of Revenues | 12.6% | 10.1% | 12.7% | 12.8% | 11.6% | 12.9% | 13.8% | 11.8% | 12.3% | 12.1% | 12.3% | 12.4% | 12.8% | 10.6% | 11.2% | 11.7% |
| Profit As % Of Assets | 31.9% | 32.0% | 44.5% | 33.4% | 34.1% | 45.3% | 37.4% | 34.8% | 36.6% | 31.5% | 29.7% | 32.2% | 33.1% | 22.5% | 25.8% | 24.6% |
| Profit As % Of Networth | 35.6% | 41.7% | 49.3% | 38.5% | 41.9% | 50.8% | 41.0% | 40.0% | 43.7% | 50.7% | 53.2% | 52.7% | 54.3% | 47.3% | 40.0% | 36.4% |
| Interest Cost to EBITDA % | 5.2% | 4.8% | 4.3% | 5.8% | 6.5% | 2.8% | 3.3% | 4.7% | 5.0% | 5.5% | 6.0% | 6.7% | 6.7% | 7.4% | 6.3% | 8.0% |
| Debt to Equity Ratio | 0.12 | 0.30 | 0.10 | 0.14 | 0.22 | 0.11 | 0.08 | 0.13 | 0.18 | 0.41 | 0.56 | 0.47 | 0.46 | 0.93 | 0.55 | 0.48 |
| RONW | 38.4% | 46.5% | 54.4% | 40.0% | 43.0% | 48.6% | 45.9% | 44.5% | 50.5% | 58.0% | 61.2% | 59.3% | 62.2% | 52.6% | 42.6% | 38.5% |
| ROCE | 44.9% | 53.5% | 66.7% | 47.8% | 53.0% | 69.3% | 63.2% | 59.3% | 57.7% | 54.5% | 57.3% | 57.2% | 54.2% | 45.7% | 44.3% | 41.9% |