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Page Industries Overview

Page Industries Limited is engaged within the enterprise of manufacturing and trading of garments. The Company offers knitted garments. The Company gives quite a number of merchandise for men, women and children. The Company is engaged in the manufacturing, distribution and advertising of Jockey products. The Company holds license of SPEEDO, an international brand for swim wears. The Jockey is available in over 1400 cities. The Company's Jockey logo products are sold through EBO, large format stores (LFS), multi brand shops (MBO), traditional h...Read More

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Page Industries Key Financials

Market Cap ₹38592 Cr.

Stock P/E 52.9

P/B 24.1

Current Price ₹34600

Book Value ₹ 1433.2

Face Value 10

52W High ₹50470.6

Dividend Yield 2.6%

52W Low ₹ 32133

Page Industries Research See more...

Page Industries Share Price

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Volume
Price

Page Industries Quarterly Price

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Page Industries Peer Comparison

Page Industries Quarterly Results

#(Fig in Cr.) Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Net Sales 1122 1226 992 1278 1246 1313 1098 1317 1291 1387
Other Income 5 9 14 13 15 14 20 15 19 12
Total Income 1127 1234 1006 1290 1261 1327 1118 1331 1310 1399
Total Expenditure 892 999 828 1034 965 1011 863 1022 1011 1069
Operating Profit 235 235 178 256 296 317 255 309 299 331
Interest 11 11 10 12 11 12 12 13 13 13
Depreciation 25 23 23 22 23 30 25 27 25 27
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 -35
Profit Before Tax 199 202 145 222 262 275 219 270 261 256
Provision for Tax 49 50 37 57 67 70 55 69 66 67
Profit After Tax 150 152 108 165 195 205 164 201 195 190
Adjustments 0 -0 0 0 0 -0 0 0 0 0
Profit After Adjustments 150 152 108 165 195 205 164 201 195 190
Adjusted Earnings Per Share 134.7 136.6 97 148.1 175.1 183.5 147 180 174.6 169.9

Page Industries Profit & Loss

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 1543 1796 2129 2551 2852 2946 2933 4021 4926 4791 5169 5093
Other Income 8 10 24 22 36 25 19 21 16 32 62 66
Total Income 1552 1805 2153 2573 2889 2970 2953 4042 4942 4824 5231 5158
Total Expenditure 1223 1419 1714 2010 2234 2413 2406 3234 4065 3931 4107 3965
Operating Profit 329 386 439 563 654 558 547 808 877 892 1124 1194
Interest 18 19 19 18 17 34 30 34 41 45 46 51
Depreciation 18 24 25 28 31 61 63 65 78 91 99 104
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0 0 -35
Profit Before Tax 293 343 395 518 606 462 453 709 758 757 979 1006
Provision for Tax 97 112 129 171 212 119 113 172 187 187 249 257
Profit After Tax 196 232 266 347 394 343 341 537 571 569 729 750
Adjustments 0 0 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments 196 232 266 347 394 343 341 537 571 569 729 750
Adjusted Earnings Per Share 175.7 207.6 238.7 311.1 353.2 307.7 305.3 481 512.1 510.3 653.7 671.5

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 8% 9% 12% 13%
Operating Profit CAGR 26% 12% 15% 13%
PAT CAGR 28% 11% 16% 14%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR -21% -4% 2% 12%
ROE Average 49% 44% 46% 47%
ROCE Average 68% 59% 62% 62%

Page Industries Balance Sheet

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 387 530 666 847 775 820 885 1089 1371 1597 1407
Minority's Interest 0 0 0 0 0 0 0 0 0 0 0
Borrowings 35 24 40 33 20 20 0 0 0 0 0
Other Non-Current Liabilities 384 16 23 24 22 116 100 78 123 138 217
Total Current Liabilities 312 376 426 508 534 557 712 936 1194 938 1010
Total Liabilities 1117 946 1154 1412 1351 1513 1698 2103 2688 2673 2635
Fixed Assets 217 217 236 238 301 406 386 402 485 488 758
Other Non-Current Assets 339 46 85 119 45 93 86 133 241 310 135
Total Current Assets 561 684 833 1055 1005 1015 1225 1568 1962 1876 1742
Total Assets 1117 946 1154 1412 1351 1513 1698 2103 2688 2673 2635

Page Industries Cash Flow

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 3 4 9 -7 20 -2 111 40 89 -56 33
Cash Flow from Operating Activities 167 219 274 453 230 517 696 327 -2 1080 1204
Cash Flow from Investing Activities -53 -26 -108 -238 192 -27 -401 119 31 -370 12
Cash Flow from Financing Activities -113 -189 -154 -188 -443 -378 -366 -396 -174 -621 -1010
Net Cash Inflow / Outflow 1 4 12 27 -22 113 -71 49 -145 89 205
Closing Cash & Cash Equivalent 4 9 21 20 -2 111 40 89 -56 33 238

Page Industries Ratios

# Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 175.75 207.57 238.73 311.08 353.18 307.71 305.34 481.02 512.15 510.3 653.7
CEPS(Rs) 191.56 229.19 260.89 336.17 381.03 362.72 361.75 539.72 582.16 591.73 742.67
DPS(Rs) 72 85 97 96 344 161 250 370 250 370 900
Book NAV/Share(Rs) 346.75 475.05 596.9 759.64 694.81 735.05 793.33 976 1229.2 1431.71 1261.61
Core EBITDA Margin(%) 20.75 20.95 19.46 21.22 21.66 18.09 17.84 19.49 17.31 17.59 20.25
EBIT Margin(%) 20.14 20.15 19.45 20.97 21.85 16.85 16.37 18.39 16.06 16.39 19.53
Pre Tax Margin(%) 19 19.1 18.53 20.28 21.25 15.68 15.34 17.56 15.24 15.47 18.65
PAT Margin (%) 12.7 12.89 12.5 13.6 13.81 11.65 11.52 13.29 11.48 11.64 13.9
Cash Profit Margin (%) 13.84 14.23 13.66 14.69 14.9 13.74 13.65 14.91 13.05 13.5 15.79
ROA(%) 19.59 22.44 25.36 27.04 28.52 23.97 21.22 28.23 23.85 21.23 27.47
ROE(%) 58.02 50.52 44.54 45.86 48.57 43.04 39.96 54.37 46.45 38.36 48.54
ROCE(%) 62.42 61.93 60.12 64.12 70.2 57.8 55.51 75.23 59.04 49.84 68.24
Receivable days 18.98 19.33 18.43 18.64 17.39 12.24 13.02 13.66 11.41 11.37 12.18
Inventory Days 95.28 100 99.68 85.15 84.33 91 78.64 69.15 94.26 103.23 70.58
Payable days 50.3 46.82 43.4 41.57 39.4 30.06 49.76 65.52 56.93 41.29 37.6
PER(x) 78.14 58.59 61.32 72.92 70.49 55.01 99.35 89.79 74.07 67.47 65.42
Price/Book(x) 39.6 25.6 24.53 29.86 35.83 23.03 38.24 44.25 30.86 24.05 33.9
Dividend Yield(%) 0.52 0.7 0.66 0.42 1.38 0.95 0.82 0.86 0.66 1.07 2.1
EV/Net Sales(x) 10.02 7.6 7.7 9.92 9.75 6.38 11.39 11.91 8.64 7.95 9.14
EV/Core EBITDA(x) 47.08 35.36 37.35 44.93 42.5 33.71 61.1 59.29 48.49 42.68 42.01
Net Sales Growth(%) 29.95 16.34 18.54 19.87 11.79 3.27 -0.41 37.06 22.52 -2.74 7.89
EBIT Growth(%) 25 16.4 14.47 29.18 16.45 -20.35 -2.55 53.46 7.68 0.25 27.9
PAT Growth(%) 27.47 18.11 15.02 30.3 13.54 -12.87 -0.77 57.53 6.47 -0.36 28.1
EPS Growth(%) 27.47 18.11 15.02 30.3 13.54 -12.87 -0.77 57.53 6.47 -0.36 28.1
Debt/Equity(x) 0.41 0.18 0.13 0.08 0.11 0.05 0 0 0.18 0 0
Current Ratio(x) 1.8 1.82 1.96 2.08 1.88 1.82 1.72 1.67 1.64 2 1.72
Quick Ratio(x) 0.38 0.38 0.49 0.96 0.48 0.53 0.94 0.63 0.31 0.75 0.87
Interest Cover(x) 17.62 19.19 21.26 30.24 36.19 14.44 15.95 22.09 19.36 17.85 22.1
Total Debt/Mcap(x) 0.01 0.01 0.01 0 0 0 0 0 0.01 0 0

Page Industries Shareholding Pattern

# Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Promoter 45.11 45.11 45.11 45.04 44.29 42.89 42.89 42.89 42.89 42.89
FII 21.97 21.77 20.86 20.54 20.84 22.66 23.58 24.03 23.21 20.72
DII 23.57 24.63 26.6 28.1 29.51 29.43 28.61 28.49 29.24 31.49
Public 9.35 8.49 7.43 6.31 5.35 5.02 4.92 4.59 4.67 4.91
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Page Industries News

Page Industries Pros & Cons

Pros

  • Company has a good return on equity (ROE) track record: 3 Years ROE 44%
  • Debtor days have improved from 41.29 to 37.6days.
  • Company is almost debt free.

Cons

  • Promoter holding is low: 42.89%.
  • Stock is trading at 24.1 times its book value.
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