ET Awards 2018 for Emerging Company of the Year: Page Industries

Page Industries won Emerging Company of the year award for being one of the biggest wealth creators since its listing over a decade ago.

BCCL
Sunder Genomal of Page Industries receiving ET Award for Emerging Company of the Year 2018
MUMBAI: Page Industries won Emerging Company of the year award for being one of the biggest wealth creators since its listing over a decade ago.

The Bengaluru-based Page Industries —manufacturer and distributor of Jockey International, a US-based inner wear company, hit the primary market in 2007 with the IPO price of Rs360, and is now trading at nearly 90x the IPO price within just a decade.

"Being from the Philippines where our parents migrated after partition, it was always a dream for our family to be be able to start a business in the country of our origin. And this dream became a reality in 1994 when we formed Page Industries,"said Sunder Genomal, managing director of Page Industries. "It was 23 years ago that I stood on this very stage to launch the Jockey brand. It feels like a fairytale. We are sure the best for Page industries is yet to come. We proudly accept the award on behalf of each of our 20,000 team members. "


The company has shown a compounded growth of 30% in its sales as well as net profit and also maintained strong financial discipline, never exceeding a debt-to-equity of 0.5, or compromising on profit margins (steady between 20% and 22%) or disappointing investors by missing a dividend. The return on capital too has gradually risen from 36% in FY08 to 63% in FY18.

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