Neutral on Page Industries, target price Rs 36500: Motilal Oswal

Motilal Oswal has neutral call on Page Industries with a target price of Rs 36500. The current market price of Page Industries is Rs 35578.15.

Page Industries Ltd., incorporated in the year 1994, is a Large Cap company (having a market cap of Rs 39589.89 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 31-12-2023, the company reported a Standalone Total Income of Rs 1234.31 Crore, up 9.54 % from last quarter Total Income of Rs 1126.80 Crore and up .77 % from last year same quarter Total Income of Rs 1224.90 Crore. Company reported net profit after tax of Rs 152.35 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 45.11 per cent stake in the company as of 31-Mar-2024, while FIIs owned 20.86 per cent, DIIs 25.85 per cent.