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.
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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