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Page Industries Limited
(PAGEIND)
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Rating:62Neutral
Price Target:
₹37,619.00
▼(-6.63% Downside)
Action:Reiterated
Date:08/22/26
The score is supported primarily by strong financial quality (solid profitability and low leverage), but is held back by weak technicals (price below key moving averages with negative MACD and oversold RSI/Stoch) and a relatively expensive valuation (high P/E with only a modest dividend yield).
Positive Factors
Strong profitability and earnings growth
Sustained profitability and multi-year net income growth indicate effective brand monetization and operating execution, providing internal funding capacity and resilience as the business expands.
Negative Factors
Uneven and slowing revenue growth
Uneven top-line expansion may indicate inconsistent volume, category, or channel performance, making it harder to sustain operating leverage and limiting the pace of long-term earnings growth.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong profitability and earnings growth
Sustained profitability and multi-year net income growth indicate effective brand monetization and operating execution, providing internal funding capacity and resilience as the business expands.
Read all positive factors
Page Industries Limited (PAGEIND) vs. iShares MSCI India ETF (INDA)
Market Cap
₹404.66B
Dividend Yield1.68%
Average Volume (3M)1.64K
Price to Earnings (P/E)53.6
Beta (1Y)0.84
Revenue Growth7.57%
EPS Growth-1.16%
CountryIN
Employees21,244
SectorGeneral
Sector StrengthN/A
IndustryApparel - Manufacturers
Share Statistics
EPS (TTM)677.65
Shares Outstanding11,153,874
10 Day Avg. Volume701
30 Day Avg. Volume1,638
Financial Highlights & Ratios
PEG Ratio9.75
Price to Book (P/B)23.59
Price to Sales (P/S)6.75
P/FCF Ratio51.62
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)768.21
Revenue Forecast (FY)₹58.85B
Page Industries Limited Business Overview & Revenue Model
Company Description
Page Industries Limited is an international manufacturer, marketer, and distributor of textile apparel and accessories, serving men, women, and junior boys and girls. The company's diverse product portfolio, primarily under the Jockey brand, inclu...
How the Company Makes Money
Page Industries makes money primarily by selling branded apparel—predominantly Jockey innerwear and athleisure/loungewear—within its licensed territories. Its revenue model is centered on (1) product sales through a broad distribution network that...
Page Industries Limited Financial Statement Overview
Summary
Income Statement
79
Positive
Balance Sheet
84
Very Positive
Cash Flow
67
Positive
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 53.51B | 52.47B | 49.13B | 45.47B | 46.78B | 37.25B |
| Gross Profit | 31.22B | 30.87B | 25.29B | 22.25B | 23.49B | 18.18B |
| EBITDA | 11.47B | 11.82B | 11.24B | 8.92B | 8.77B | 8.06B |
| Net Income | 7.56B | 7.64B | 7.29B | 5.69B | 5.71B | 5.37B |
Balance Sheet | ||||||
| Total Assets | 0.00 | 28.56B | 26.43B | 26.83B | 26.93B | 21.07B |
| Cash, Cash Equivalents and Short-Term Investments | 4.26B | 4.33B | 4.62B | 3.14B | 6.66M | 2.79B |
| Total Debt | 0.00 | 2.77B | 2.62B | 1.85B | 4.06B | 1.76B |
| Total Liabilities | -15.03B | 13.54B | 12.36B | 10.86B | 13.22B | 10.18B |
| Stockholders Equity | 15.03B | 15.03B | 14.07B | 15.97B | 13.71B | 10.89B |
Cash Flow | ||||||
| Free Cash Flow | 4.46B | 6.87B | 11.24B | 9.84B | -1.67B | 2.29B |
| Operating Cash Flow | 5.02B | 7.94B | 12.04B | 10.80B | -16.08M | 3.27B |
| Investing Cash Flow | -1.54B | -212.13M | 116.55M | -3.70B | 307.75M | 1.19B |
| Financing Cash Flow | -4.27B | -7.44B | -10.10B | -6.21B | -1.74B | -3.96B |
Page Industries Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
67 Neutral | ₹14.99B | 13.33 | ― | 1.14% | 6.24% | 15.54% | |
62 Neutral | ₹404.66B | 53.57 | ― | 1.68% | 7.57% | -1.16% | |
60 Neutral | ₹1.05B | 33.18 | ― | 0.31% | -10.49% | 17.73% | |
56 Neutral | ₹11.51B | 15.32 | ― | 2.12% | 5.33% | -4.01% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
51 Neutral | ₹35.31B | 34.41 | ― | 0.18% | 10.61% | -33.91% | |
42 Neutral | ₹64.35B | -8.28 | ― | ― | -27.21% | -53.22% |
* General Sector Average
IN:PAGEIND
Page Industries Limited
35,845.05
-7,750.62
-17.78%
IN:ABFRL
Aditya Birla Fashion and Retail Limited
53.19
-35.70
-40.16%
IN:DOLLAR
Dollar Industries Ltd.
262.05
-93.07
-26.21%
IN:LOVABLE
Lovable Lingerie Limited
70.54
-24.38
-25.68%
IN:LUXIND
Lux Industries Ltd.
1,157.20
-129.04
-10.03%
IN:RUPA
Rupa & Co. Ltd.
143.00
-65.10
-31.28%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.