The share price of Page Industries, the exclusive licensee of JOCKEY International for manufacture, distribution and marketing of the JOCKEY brand in India, has soared 28 times within a span of a decade.
The Page Industries share price has zoomed from Rs 613 on August 21, 2009 to Rs 17,617 on August 24, 2019. If an investor made an investment of Rs 1 lakh in the Page Industries stock on August 21, 2009 that would have grown to Rs 28.73 lakh now.
As the Jockey underwear is a strong aspirational brand in India, the company made strong financial performance which has helped the stock to rally. Page Industries reported net profit of Rs 393.94 crore for the fiscal ended March 2019 compared to Rs 39.61 crore for the fiscal ended March 2010.
Its revenue rose to Rs 2,883 crore for the fiscal ended March 2019 from Rs 353.12 crore in the fiscal ended March 2010. Basic earnings per share for 2019 fiscal stood at Rs 353.19 compared to Rs 35.91 for fiscal ended 2010. Return on capital employed rose to 76.19% in last fiscal compared to 32.73% for the fiscal ended 2010.
However, the stock has not done particularly well in recent quarters. Even though the large cap stock has logged 2,773% returns during the last 10 years, its share price has fallen 49.06% in the last one year and lost 30% since the beginning of this year.