Free Cash Flow StrengthSustained free cash flow growth (+14.16%) and an operating cash flow to net income ratio of 1.65 indicate durable cash conversion. This supports capex, working capital, dividends and strategic reinvestment, providing financial flexibility across economic cycles.

Low Leverage And Solid Equity BaseA low debt-to-equity ratio (0.19) and a substantial equity ratio (~53%) provide balance-sheet resilience and optionality for growth investments or downside protection. High ROE shows efficient capital use, supporting sustainable shareholder returns if maintained.

High Margins And Operational EfficiencyElevated gross (56.8%) and healthy net margins (14.8%) reflect pricing power, favorable product mix and cost control. Strong margin structure underpins long-term profitability, enabling reinvestment in brand, distribution and new categories while absorbing input cost volatility.

Bears Say

Brand/license ConcentrationHeavy dependence on a single licensed brand (JOCKEY) creates structural concentration risk: license renewal, royalty terms or brand strategy changes could materially affect revenues, margins and strategic autonomy over the medium term.

Decline In Shareholders' EquityA reported fall in shareholders' equity reduces the cushion against shocks and can magnify volatility in return metrics. Over time this could constrain capital allocation choices and make funding large strategic initiatives more dependent on retained earnings.

Moderate Top-line GrowthReported revenue growth near mid-single digits suggests limited organic expansion versus broader apparel opportunity. Without faster channel expansion, product diversification or market-entry, sustained moderate growth could constrain scale benefits and investor return expectations.

PAGEIND FAQ

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

Page Industries Limited lowest stock price was ₹32132.95 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 ₹373.35B.

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 89 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.