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Page Industries Ltd.

BSE: 532827 Sector: Industrials
NSE: PAGEIND ISIN Code: INE761H01022
BSE LIVE 15:40 | 17 Aug 16888.95 -150.35
(-0.88%)
OPEN

17039.05

HIGH

17278.80

LOW

16752.15

NSE 15:31 | 17 Aug 16886.30 -185.05
(-1.08%)
OPEN

17071.35

HIGH

17298.95

LOW

16750.00

OPEN 17039.05
PREVIOUS CLOSE 17039.30
VOLUME 769
52-Week high 18048.80
52-Week low 12360.00
P/E 66.39
Mkt Cap.(Rs cr) 18,831
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 17039.05
CLOSE 17039.30
VOLUME 769
52-Week high 18048.80
52-Week low 12360.00
P/E 66.39
Mkt Cap.(Rs cr) 18,831
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

Page Industries Ltd. (PAGEIND) - Company History

Page Industries Ltd, a Genomal group company, was established in 1994. The Genomal group companies have been the licensees for the Jockey and Speedo brands in the Philippines since 1959 and 1988 respectively. The companies are run by the second generation Genomal Family, sons of the group founder and guiding spirit, the late Topandas Genomal Page Industries Ltd. are specialists in the development and production of high quality underwear for men, women, and children, and are the licensees of Jockey International Inc. (USA) for manufacture and distribution of the Jockey brand in India and Sri Lanka. The companies factory is equipped with state of the art machinery and equipment including high tech lab testing capabilities. Combed Cotton Yarns are procured only from the largest and most modern spinning mills in India where stringent controls guarantee exacting standards. Integrated elastic weaving and fabric knitting along with carefully controlled fabrics dyeing and processing ensure consistently high standards of finished garments. With modern and efficient production and quality control systems led by a team of highly qualified technologists, quality standards are at par with Jockey products available worldwide From 800 stores in 1996, the companies products are now being sold in over 14,000 stores in over 1100 cities and towns spanning the entire length and breadth of the country. Page Industries exports underwear and sportswear worldwide. Its customers include Jockey licensees in Europe, Middle East, and Asia, Jockey UK, Jockey USA, as well as other top class underwear brands. The Jockey hallmark of quality is applied to every product delivered. With the backing and active involvement of seasoned promoters combined with a highly skilled and dedicated team, Page is committed to the manufacture of world class products During 2006-2007, the company made an Initial Public Offer of 2,804,000 Equity Shares of Rs.10/- each at a premium of Rs.350 per equity share. The company also entered into a seperate lease agreement with the lessor for leasing of 25,000 SQ FT by constructing additional floors in existing premises. The company is geared up to produce 47 million pieces per annum by middle of 2007. The construction of new factory building at the companies premises situated at Bommasandra Industrial Area is under progress and is anticipated to commence activity by the end of May 2007. The facility is expected to produce addtional 47 million pieces of garments per annum. Garter production is enhanced with the addition of two Needle Looms. In order to expand the production of garments, another four Needle Looms and 8 socks machines would be ordered by June, 2007 which would be installed for production.