Buy Page Industries, target price Rs 59775: Centrum Broking

Centrum Broking has buy call on Page Industries with a target price of Rs 59775. The current market price of Page Industries is Rs 52042.45.

Page Industries Ltd., incorporated in the year 1994, is a Large Cap company (having a market cap of Rs 58295.95 Crore) operating in Apparels sector.

Page Industries Ltd. key Products/Revenue Segments include Innerwear & Leisurewear, Scrap & Others, Other Operating Revenue and Duty Drawback for the year ending 31-Mar-2022.



Financials
For the quarter ended 30-06-2022, the company reported a Standalone Total Income of Rs 1344.56 Crore, up 20.48 % from last quarter Total Income of Rs 1116.04 Crore and up 166.20 % from last year same quarter Total Income of Rs 505.09 Crore. Company reported net profit after tax of Rs 207.04 Crore in latest quarter.



Promoter/FII Holdings
Promoters held 46.12 per cent stake in the company as of 30-Jun-2022, while FIIs owned 25.18 per cent, DIIs 18.2 per cent.