Dollar Industries’ stock has grown by 20% each year for the past five years. This shows its strength and potential for strong returns in the innerwear market. The current dollar share price is ₹517.10, up by 5.35%. Understanding Dollar Industries’ performance can give you valuable insights for investing.
This article will explore the company’s market position, share price trends, and other factors affecting its stock. It aims to provide a deep look into what makes Dollar Industries stand out.
Key Takeaways
- Dollar Industries’ current share price is ₹517.10, with a 5.35% change.
- The company has a market cap of ₹2,932.79 Cr, suggesting a stable growth framework.
- Dollar Industries’ strong dividend payout rate stands at 20%.
- Revenue growth from E-Commerce surged by 161.4% year over year.
- The stock boasts a favorable CAGR of 20% over the last five years.
- Potential growth opportunities exist for inclusion in major indices.
- Key management personnel includes industry veterans like Vinod Kumar Gupta.
Introduction to Dollar Industries
Dollar Industries Ltd. started in 1972 and has been a big name in the hosiery market. It’s based in Kolkata and makes a lot of knitted products like innerwear and thermal wear. The company aims to serve both the Indian and international markets.
It works with big names like Carrefour and Lulu, showing its growth outside India. The brands BigBoss and J-Class show its focus on quality and new ideas. Dollar Industries is growing by exporting to places like the Middle East and Africa.
The company has a strong team that helps it grow and meet customer needs. As the hosiery market changes, Dollar Industries is ready to use its strengths. It aims to stay a top innerwear maker in the market.
Understanding Dollar Industries’ Market Position
The innerwear market in India is growing fast, thanks to more people wanting comfort and style. Dollar Industries is a top name among the top five hosiery makers. Their wide range of products and focus on quality have made them very popular with customers. Today, the market is all about new fabrics and designs that appeal to many different tastes.
Overview of the Innerwear Market
The innerwear market is changing, with more focus on fashion and how things work. People now care more about feeling good about their bodies and taking care of themselves. Dollar Industries is keeping up with these changes, making sure they offer what customers want.
There’s a big push for breathable materials and stylish looks. This shows how important it is for companies to keep coming up with new ideas.
Dollar Industries’ Competitors in the Segment
Dollar Industries is up against tough competition in the hosiery world. Companies like Page Industries, KPR Mill, and Lux Industries are big names. Page Industries is a leader, with a much bigger market value. But Dollar Industries still stands out, ranking ninth in the apparel market with a market cap of ₹2,932.79 Cr.
Looking closely at the market, we see different PE ratios, revenue patterns, and where brands sit. This shows how competitive the market is for Dollar Industries.
Current Dollar Share Price Overview
As of August 20, 2024, the current share price of Dollar Industries is ₹517.10 on the National Stock Exchange (NSE). This is a 5.35% increase from the previous close of ₹490.85. The trading volume was 189,523 shares, showing strong interest in the stock.
The share price shows positive signs for investors. The company is doing well despite market ups and downs.
Latest Share Price Statistics
The latest numbers show Dollar Industries is doing well financially. On the Bombay Stock Exchange (BSE), the share price is ₹518.15, up 5.55%. With 14,833 shares traded, the activity level is high.
Recent quarterly results highlight the company’s ability to make money even when the market is tough. Net sales varied from ₹318.92 Cr to ₹488.37 Cr.
Historical Price Trends
Looking at historical trends, we see Dollar Industries has had a big year. The stock hit a high of ₹659.95 and a low of ₹385.25. This shows a lot of ups and downs.
Over a year, the stock returned about 20.96%. Over three years, it was up 48.89%. These numbers suggest it could be a good investment for those looking long-term.
Understanding these trends helps us guess where the stock might go next. It’s important to look at market trends and financial reports to make smart choices.
Dollar Industries Share Price Target Insights
Dollar Industries is making waves in the stock market with a predicted rise in its share price. The current price is at ₹517.10, and experts see it reaching around ₹693.67 soon. This is thanks to its strong financials, driven by sales growth and smart cost management.
The company’s market cap of ₹2,932.79 Cr shows its strength among peers. Its TTM PE ratio of 32.24 suggests a good value, making investors believe in its earnings potential. Analysts believe the company’s ongoing improvements will boost its stock forecast.
Compared to others like Page Industries and KPR Mill, Dollar Industries stands out. It has a Return on Equity (ROE) of 11.54% and a debt to equity ratio of 0.39. This puts it in a good spot for growth.
As the market changes, everyone will be watching Dollar Industries closely. The high share price target shows its financial health and its ability to grow while managing risks.
| Metric | Value |
|---|---|
| Current Share Price | ₹517.10 |
| Market Capitalization | ₹2,932.79 Cr |
| TTM PE Ratio | 32.24 |
| P/B Ratio | 3.75 |
| Return on Equity | 11.54% |
| 1-Year Performance | 20.96% |
| Net Profit | ₹93 Cr |
| Net Sales | ₹1,572 Cr |
| Debt to Equity Ratio | 0.39 |
| 1-Year Target Estimate | ₹693.67 |
Key Financial Metrics of Dollar Industries
Looking at key financial metrics helps us understand Dollar Industries’ performance and value. Market capitalization and the Price-to-Earnings (PE) ratio are key. They tell us about investor feelings, growth chances, and the company’s position in the stock market.
Market Capitalization Insights
Dollar Industries has a market capitalization of about ₹2,932.79 Cr. This puts it in the small-cap sector, showing its strong position and impact in the hosiery industry. Market capitalization is important for stock analysis. It affects investor choices and how easy it is to buy or sell stocks.
Price-to-Earnings (PE) Ratio Analysis
The PE ratio for Dollar Industries is 32.24. This high value means investors believe the company will grow a lot compared to its earnings. This ratio is key for those looking at the company’s value. It helps compare it to its peers in the industry.
| Financial Metric | Current Value | Previous Year Value | Industry Average |
|---|---|---|---|
| Market Capitalization (Cr.) | ₹2,932.79 | ₹2,500 | Varies per company |
| PE Ratio | 32.24 | 30.10 | 34.00 |
| Revenue / Share (Rs.) | 273.14 | 245.75 | Varies per company |
| Return on Capital Employed (%) | 16.22 | 11.63 | Average 15.00% |
Recent Performance Highlights
Dollar Industries has seen ups and downs in its financial numbers lately. People are keen on its quarterly revenue updates and how it’s doing financially. The latest quarterly report shows a drop of 33.39% from before, the lowest in three years. This decline might point to problems with how the company works and its place in the market.
Quarterly Revenue Performance
Even with these issues, Dollar Industries has shown some strength over the year. It made ₹15.72 billion in revenue and earned ₹901.97 million in net income. But, the recent quarter’s numbers show it needs to work on some key areas. The company is looking to improve and stay competitive in the clothing market.
Yearly Performance Comparison with Industry Peers
Looking at the year’s numbers, Dollar Industries trails behind competitors like Page Industries. Its one-year return of 20.96% is less impressive compared to its rivals. This gap makes one wonder about its market position and the need for new strategies. Understanding how Dollar Industries stacks up against competitors is key to its future growth and staying strong.
Investment Considerations for Dollar Industries Stocks
Investing in Dollar Industries comes with key points to consider for both new and experienced investors. This company is known for its focus on giving back value through dividends. This makes it a great choice for those looking to earn from their stock investments.
Their latest move to pay a final dividend of ₹3 per share shows their commitment. This is 150% of the face value, drawing in those wanting steady income from their investments.
Dividends and Shareholder Returns
Dollar Industries sticks to a steady dividend policy. This shows their promise to boost shareholder returns. Regular dividends offer a steady flow of income, especially for those investing for the long haul.
This approach can sway investment choices. It signals a proactive stance towards rewarding investors in their business.
Risks and Opportunities in Stock Investment
While the dividends look good, investing in Dollar Industries comes with its own set of risks. Factors like changing raw material costs, stiff competition, and shifts in what consumers want can affect the company. Yet, the innerwear market is growing, opening up chances in the stock market.
There’s a rising need for new and comfy products. This could help Dollar Industries innovate and benefit from these trends. So, it could be a smart investment move.
Technical Analysis of Dollar Industries Share Price
Looking into Dollar Industries’ share price means checking out different indicators. The market is full of both ups and downs for investors. Important things like support and resistance levels and chart patterns help guide investment moves.
Support and Resistance Levels
Technical analysis shows key support for Dollar Industries shares at ₹490 and resistance around ₹540. Knowing these levels helps investors decide on the stock’s price. The analysis points out intraday targets showing where the price might go, including:
- Downside Targets: ₹498.93, ₹480.77
- Upside Targets: ₹534.4, ₹540.17
Short-term forecasts hint at an upward trend with a target of ₹535. But, mid-term predictions suggest possible targets of ₹474 or ₹467.15. This shows how stock trends can change.
Chart Patterns to Watch
Watching chart patterns is key since bullish signals have appeared in recent trading. Dollar Industries shows a neutral stance with oscillators, but moving averages suggest buying. Analysts keep an eye on these indicators:
- Relative Strength Index (RSI) below 25 means it’s oversold.
- Moving Average Convergence Divergence (MACD) above 0 shows bullish momentum.
- Stochastic readings hint at possible overbuying.
With a big jump in trading volume and many bullish indicators, investors should be ready to take advantage of price breaks. Paying attention to these chart patterns and adjusting strategies can lead to good results in the changing market.
Market Trends Influencing Dollar Industries
Consumer preferences are changing fast, affecting market trends. Athleisure and sustainable textiles are becoming more popular, leading to a higher demand for innerwear. People want styles that are both comfortable and eco-friendly.
This shift offers a chance for brands like Dollar Industries to grow. They can improve their products and reach more customers.
More people have money and are moving to cities, boosting the dollar industries. Now, they look for innovative and stylish innerwear. Dollar Industries is well-positioned to meet this growing demand.
Dollar Industries (NSE:DOLLAR) stock has gone up by 20% in the last three months. Even though their net income has grown by 5.7% over five years, their Return on Equity (ROE) is 6.6%. This is a bit lower than the industry average.
But, the company is reinvesting 84% of profits, showing their commitment. Analysts think ROE could go up to 17%. The company plans to increase its payout ratio to 18% in the future. This shows they’re focused on giving back to shareholders as the market grows.
| Metric | Dollar Industries | Industry Average |
|---|---|---|
| Return on Equity (ROE) | 6.6% | 7.4% |
| Net Income Growth (5 years) | 5.7% | N/A |
| Market Capitalization | INR {{marketCap}} | N/A |
| EPS Growth Rate | {{detailsGeneralInformationHeaderBlock.epsGrowthRate}} | N/A |
| P/E Ratio | {{detailsGeneralInformationHeader.pe}} | N/A |
| 5-Year P/E Range | {{detailsGeneralInformationHeaderBlock.pe5YearLow}} – {{detailsGeneralInformationHeaderBlock.pe5YearHigh}} | N/A |
Economic Indicators Affecting Stock Prices
It’s key to know how economic indicators impact stock prices to understand the market’s health. Inflation is a big factor in this. When inflation goes up, it makes money worth less. This affects how much people spend and how profitable companies can be.
This means companies like Dollar Industries might see their stock prices change. These changes come from inflation and how people spend their money differently.
The Impact of Inflation on Stock Performance
Inflation can make it cost more to make things, hurting companies’ profits. Companies like Dollar Industries might raise their prices to keep making money. This is important to know because it affects how well companies do.
Important indicators like the Consumer Confidence Index and the Purchasing Managers Index (PMI) help us see how the market is doing. A strong CPI means people are spending a lot, which is good for companies in the apparel sector.
Global Economic Conditions and Their Effects
The global economy affects how well Dollar Industries can operate. For example, supply chain problems can mess with getting products to customers on time. Political issues can also make people spend less and investors feel unsure.
Looking at the Monthly Report on Durable Goods and other news helps us understand the big picture. This is important for investors to know. Economic conditions can bring both challenges and chances for companies in this sector.
Future Outlook for Dollar Industries
Analysts are optimistic about Dollar Industries’ future. They see growth through product innovation, expanding markets, and making production more efficient. This could lead to more revenue and higher stock prices. Experts suggest holding or buying the stock, seeing good investment chances as the market changes.
Analysts’ Predictions and Recommendations
Experts think Dollar Industries’ stock could go between 480.77 and 540.17. They see a possible drop to 504.7 and a rise to 534.4. For August 20, 2024, the Munafa prediction is 70, hinting at both up and down movements. Recent prices were 517.10, 490.85, and 481.75, showing active market trends.
Potential Market Developments
Dollar Industries could gain from more online shopping and changes in how people live. To stay ahead, it might boost its online marketing and improve how it delivers products. This strategy could attract more customers and use technology to improve sales and customer interaction.
| Prediction | Target Price (INR) | Market Movement |
|---|---|---|
| Downside | 504.7 | – |
| Upside | 534.4 | – |
| Tomorrow’s Range | 480.77 – 540.17 | Predicted fluctuations |
| Average Price | 517.10 | Recent closing price |
Conclusion
Dollar Industries is a key player in the innerwear market. It has a strong brand and adapts well to market changes. The company has shown strong revenue growth and profit margins, even with economic ups and downs and tough competition.
The stock looks promising with its recent price movements and forecasts. Investors should keep an eye on both the good and bad sides of investing in this company. Dollar Industries has shown steady dividends and growing international sales, hinting at a bright future.
It’s at an exciting point where growth could happen in the next quarters. With plans to expand its reach and increase revenue, Dollar Industries could offer great opportunities for investors.
FAQ
What is the current share price of Dollar Industries?
As of August 20, 2024, the share price of Dollar Industries is ₹517.10. This is a 5.35% increase from the previous day’s close of ₹490.85.
What is the share price target for Dollar Industries?
Experts predict Dollar Industries’ shares will hit around ₹693.67 soon. This is due to growing sales and effective cost management.
How does Dollar Industries perform compared to its competitors?
In the apparel sector, Dollar Industries is ranked ninth with a market cap of ₹2,938.75 Cr. Its main competitor, Page Industries, has a higher market value and returns.
What is the significance of the Price-to-Earnings (PE) ratio for Dollar Industries?
The PE ratio for Dollar Industries is 32.24. This shows investors believe in the company’s future growth potential compared to its earnings.
Are dividends part of Dollar Industries’ investment strategy?
Yes, Dollar Industries has a steady dividend policy. It recently declared a final dividend of ₹3 per share. This shows its commitment to giving value back to shareholders.
What economic factors influence Dollar Industries’ share price?
Inflation, consumer spending, global economic conditions, and supply chain issues can all affect Dollar Industries. These factors impact its operations and market access.
How does market demand impact Dollar Industries’ growth?
Growing demand for comfortable and stylish innerwear boosts the innerwear market in India. This creates chances for Dollar Industries to grow its market share.
What are the potential risks for investors considering Dollar Industries?
Risks include changing raw material costs, competition, shifting consumer tastes, and macroeconomic factors. These can affect profitability.
What is the outlook for Dollar Industries in the near future?
Analysts are optimistic about Dollar Industries. They see growth strategies and innovations leading to more revenue growth and higher share prices.