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As of 6 Nov 2026, Page Industries trades at 53.0× trailing earnings, above the industry P/E of 17.2×, and the shares are 18% below their 52-week high. Its ROCE of 61% is the highest among the 7 largest Apparel Manufacturing peers, and sales and net profit grew 3.8% and 10% a year over 3 years. Its dividend yield is 2.2%, and debt is 0.18× equity. It is a mid-cap company with a market cap of ₹40,076 Cr, the largest of 61 Apparel Manufacturing companies by market cap; the shares fell 11% over the past year.

As of 6 Nov 2026Prices are delayed about 15 minutes; fundamentals are from the quarter ended Jun 2026.How we calculate this

past year
Open
₹35,550.00
Day high
₹35,930.00
Day low
₹34,715.00
Prev. close
₹35,520.00
Volume
18.4K

Health check

2 good · 2 fair · 2 to check
  • ReturnsIn line

    −11.5% over a year, better than 4 of 7 peers.

  • Price tagPricier

    P/E 53.0 vs industry 17.2.

  • GrowthSteady

    Sales +3.8%, profit +10.2% a year over 3 years.

  • ProfitabilityStrong

    ROCE 61.5% vs peer median 9.3%.

  • Balance sheetSolid

    Debt 0.18× equity, interest covered 21.7×, Piotroski 7 of 9.

  • Red flags1 to check

    P/E of 53.0 against an industry P/E of 17.2.

Compared with 7 industry peers. Computed from reported figures. Educational, not a recommendation.

Apparel Manufacturing

60 listed peers. Screen the industry

Mid cap

₹40,076 Cr, the largest of 61 in its industry.

Market sensitivity

Measuring against the NIFTY 50…

Key metrics

Last 12 months to Jun 2026: sales ₹5,351 Cr · profit ₹756 Cr
Market cap
₹40,076 Cr
Mid cap
P/E
53.0
Industry 17.2
Price to book
26.67
Peers 2.32
Dividend yield
2.23%
ROE
52.5%
Peers 5.9%
ROCE
61.5%
Peers 9.3%
Debt to equity
0.18
Debt ₹277 Cr
EPS (TTM)
₹677.64
Face value ₹10
OPM (TTM)
21.4%
Net margin 14.1%
Sales growth
+7.9%
Latest quarter vs a year ago
Profit growth
−4.0%
Latest quarter vs a year ago
Price to sales
7.49
EV/EBITDA 36.2

Strengths and risks

Strengths

  • Return on equity of 52.5%.
  • Return on capital employed of 61.5%.
  • Dividend yield of 2.23%.

Risks to check

  • P/E of 53.0 against an industry P/E of 17.2.

Derived automatically from reported figures. Not a recommendation.

About Page Industries

Page Industries Limited manufactures, markets, and distributes textile garments and clothing accessories for men, women, and kids in India and internationally. It offers vests, briefs, boxer briefs, trunks, inner boxers, tank tops, t-shirts, polos, oversized T-shirts, knit shirts, henleys, sweatshirts, jackets, hoodies, windcheater, boxer shorts, shorts, bermudas, joggers, track pants, pyjamas, pants, bras, panties, crop tops, camisoles, kurta slips,…

Headquarters
Bengaluru
Employees
21,244
Sector
Consumer Cyclical
ISIN
INE761H01022
Website
pageind.com

Price range

52 weeks

₹29,805.00₹43,855.00

Today

₹34,715.00₹35,930.00
Avg volume (3M)
24.5K
1-year return
minus 11.5%
From 52-week high
minus 18.1%

Analyst consensus

25 analysts
BuyMean target ₹41,956.80 plus 16.8%

Target range, with today’s price

Low ₹32,000.00High ₹47,700.00

Next results expected around 12 Nov 2026

Consensus from Yahoo Finance. Not a recommendation.

Peers · Apparel Manufacturing

Compare with peersScreen the whole industry
Company
PAGEINDPage Industries35,930.00plus 1.15%40,07653.026.6761.5%52.5%21.4%3.8%10.2%2.23%minus 11.5%
PGILPearl Global Industries1,338.800.00%12,36839.98.4620.1%21.2%9.0%17.5%23.0%0.54%plus 105.8%
MANYAVARVedant Fashions472.80minus 6.51%11,48829.85.4822.3%20.0%44.0%1.9%−4.3%1.64%minus 21.6%
GOKEXGokaldas Exports682.95minus 7.32%5,00437.82.328.9%4.7%8.2%20.9%−16.7%0.00%minus 14.5%
ABFRLAditya Birla Fashion and Retail39.02minus 6.61%4,748–0.91−3.2%−12.3%8.9%−13.0%–0.00%minus 50.3%
LUXINDLux Industries1,162.40plus 0.41%3,49634.11.869.3%5.9%6.4%7.2%−9.9%0.17%minus 7.5%
SBCSBC Exports68.70plus 2.86%3,27180.832.4836.4%41.5%8.7%27.2%54.1%0.00%plus 176.0%
RAYMONDLSLRaymond Lifestyle530.60minus 1.56%3,23290.40.342.8%0.4%8.3%276.0%8.6%0.19%minus 54.1%
Median of 7 peers–−1.56%4,74838.92.329.3%5.9%8.7%17.5%2.1%0.17%−14.5%

Quarterly results

Consolidated, ₹ crore
SalesSelect a row below to chart it
₹ CrJun 25Sep 25Dec 25Mar 26Jun 26
1,3171,2911,3871,2531,420
1,0221,0111,0699921,131
295280318261289
22.4%21.7%22.9%20.8%20.3%
14.819.512.417.210.6
12.712.512.711.912.4
26.625.426.52828.6
––−35––
270261256238259
25.7%25.4%26.0%24.8%25.4%
201195190179193
180.02174.62169.93160.24172.86

Profit & loss

Yearly, ₹ crore
Sales CAGR 3Y
+3.8%
Profit CAGR 3Y
+10.2%
EPS CAGR 3Y
+10.2%
ROE
52.5%
Net profitSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
4,6784,5474,9135,227
–minus 2.8%+8.0%+6.4%
3,8123,6843,8434,057
8668631,0701,171
18.5%19.0%21.8%22.4%
11.127.75446
41.344.946.449.6
78.190.499.2107
0.20.90.3−35
7587579791,025
24.6%24.8%25.5%25.5%
571569729764
–minus 0.4%+28.1%+4.8%
512.15510.31653.71684.81

Forecast

Your assumptions, not a prediction

Balance sheet

At each financial year end, ₹ crore
Total assetsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
11.211.211.211.2
1,3601,5861,3961,491
406185262277
9159019741,077
2,6932,6832,6432,856
666733843881
1832499012.6
20.420.31922.7
0.7316462426
1,8231,3651,2291,514
2,6932,6832,6432,856

Cash flow

Yearly, ₹ crore
Cash from operationsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
−1.61,0801,204794
30.8−37011.7−21.2
−174−621−1,010−744
−14589.120529
−166−96.1−79.6−108
−1679841,124687
−290−346−915−669

Shareholding pattern

Source: NSE filings
42.9%
promoters
  • Promoters42.89%
  • Public57.11%
  • As of 30 Sep 2026
QuarterSplitPromotersPublicPromoter change
30 Sep 202642.89%57.11%0.00
30 Jun 202642.89%57.11%0.00
31 Mar 202642.89%57.11%0.00
31 Dec 202542.89%57.11%0.00
30 Sep 202542.89%57.11%–

Major shareholders

NSE filing

Filings & events

News

No recent news coverage found.

My notes

Private to you