Strong Free Cash Flow GenerationConsistent and growing free cash flow (14.16% growth and FCF substantially above net income) supports durable financial flexibility. This underpins investments in retail expansion, working capital absorption, and shareholder returns without relying on external financing over the medium term.

Low Leverage And High ROEA low debt-to-equity ratio and strong equity base reduce refinancing and interest-rate risks, while a very high ROE indicates efficient capital deployment. Together these provide a resilient financial platform to support growth, M&A optionality, and withstand cyclical headwinds.

High Margins With Recent Revenue GrowthSustained high gross and improving net margins reflect pricing power, favorable product mix and operational efficiency. Coupled with mid-single-digit revenue expansion, margins support durable cash conversion and profitability even if top-line growth moderates.

Bears Say

Revenue Growth ModestTop-line growth appears modest relative to the company's profitability and market opportunity. Slower revenue expansion can limit the scalability of fixed-cost leverage and may require sustained product innovation, distribution expansion, or pricing to maintain margin-led earnings growth.

Concentration On Licensed JOCKEY BrandHeavy dependence on a single licensed brand creates structural concentration risk: renewal terms, royalty obligations, and brand-owner control over design/positioning can constrain strategic autonomy and profitability if contract terms change or brand support weakens.

Decline In Shareholders' Equity NotedA falling equity base, even with low leverage, can signal capital return choices or accounting shifts that reduce cushion for downturns. Over time this may constrain balance-sheet flexibility for investments or increase sensitivity to earnings volatility.

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 87 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.