Cash GenerationConsistent and growing free cash flow (14.16% y/y) and operating cash conversion well above net income indicate durable ability to fund capex, dividends, inventory and expansion without relying on external financing. This strengthens resilience through cycles and supports strategic investments.

Low Leverage & Strong ROEA low debt-to-equity ratio and a substantial equity base provide structural financial flexibility and lower refinancing risk. Very high ROE signals efficient capital use, enabling internal funding for growth and reducing vulnerability to rate or credit shocks over the medium term.

High Margins & Revenue GrowthSustained revenue growth with strong gross and improving net margins reflect pricing power, supply chain control and operational efficiency. Healthy operating margins provide a durable earnings base that supports reinvestment into brand, retail footprint and product development.

Bears Say

License Dependence (Jockey)Heavy reliance on a licensed brand creates structural dependency: renewal, royalty terms, or changes in brand governance can materially alter revenues or margins. The company has limited control over the core brand equity, increasing strategic and contract risk over the medium term.

Product & Geographic ConcentrationConcentration in innerwear/athleisure and primary exposure to India and adjacent markets raises vulnerability to local demand cycles, regulatory changes or intensified domestic competition. Limited geographic diversification constrains resilience to region-specific shocks.

Declining Shareholders' EquityA year-over-year decline in shareholders' equity reduces the balance-sheet buffer available to absorb downturns. If persistent, it can constrain borrowing capacity, limit strategic investments and weaken financial flexibility despite strong cash flows.

PAGEIND FAQ

What was Page Industries Limited’s price range in the past 12 months?

Page Industries Limited lowest stock price was ₹30000.00 and its highest was ₹50470.60 in the past 12 months.

What is Page Industries Limited’s market cap?

Page Industries Limited’s market cap is ₹337.82B.

When is Page Industries Limited’s upcoming earnings report date?

Page Industries Limited’s upcoming earnings report date is May 21, 2026 which is in 68 days.

How were Page Industries Limited’s earnings last quarter?

Page Industries Limited released its earnings results on Feb 05, 2026. The company reported ₹193 earnings per share for the quarter, beating the consensus estimate of ₹186.197 by ₹6.803.

Is Page Industries Limited overvalued?

According to Wall Street analysts Page Industries Limited’s price is currently Overvalued. Get more investment ideas with TipRanks Premium

Does Page Industries Limited pay dividends?

Page Industries Limited pays a Quarterly dividend of ₹125 which represents an annual dividend yield of 1.71%. See more information on Page Industries Limited dividends here

What is Page Industries Limited’s EPS estimate?

Page Industries Limited’s EPS estimate is 143.79.

How many shares outstanding does Page Industries Limited have?

Page Industries Limited has 11,153,874 shares outstanding.

What happened to Page Industries Limited’s price movement after its last earnings report?

Page Industries Limited reported an EPS of ₹193 in its last earnings report, beating expectations of ₹186.197. Following the earnings report the stock price went up 3.595%.

Which hedge fund is a major shareholder of Page Industries Limited?

Currently, no hedge funds are holding shares in IN:PAGEIND

What is the TipRanks Smart Score and how is it calculated?

Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology

Company Description

Page Industries Limited

Page Industries Limited manufactures, markets, and distributes textile garments and clothing accessories for men, women, and junior girls and boys in India and internationally. The company offers vests, briefs, boxer briefs, trunks, inner boxers, tank tops, t-shirts, polo t-shirts, henleys, sweatshirts, jackets, hoodies, boxer shorts, shorts, bermudas, joggers, track pants, pyjamas, bras, panties, crop tops, camisoles, kurta and kurti slips, sleep dresses, capris, leggings, hipsters, mid-waists, boy legs, bloomers, shorties, caps, handkerchief, and masks; face, hand, and bath towels; calf, ankle, knee, low show, and no-show socks; and thermal wear under Jockey brand. It also provides swimwear, water shorts, apparel, and swim equipment and footwear under the Speedo brand. As of March 31, 2022, the company operated approximately 1,131 Jockey exclusive brand outlets (EBOs), including 48 Jockey woman EBOs and 71 Jockey junior EBOs; and approximately 1,340 stores, 26 Speedo EBOs, and 12 large format stores under the Speedo brand. Page Industries Limited was incorporated in 1994 and is headquartered in Bengaluru, India.