Page Industries Limited (IN:PAGEIND)
:PAGEIND
Top Page
Page Industries Limited
(PAGEIND)
Select Model
Select Model
Rating:60Neutral
Price Target:
₹35,637.00
▼(-0.36% Downside)
Action:ReiteratedDate:11/21/25
Page Industries demonstrates strong financial performance with robust revenue and profit growth, which is the most significant factor contributing to its score. However, technical indicators suggest bearish momentum, and the high P/E ratio indicates potential overvaluation, which weigh down the overall score.
Positive Factors
High margins & profitability
Sustained high gross (56.82%) and net (14.77%) margins in 2025 indicate strong product mix, pricing power, and cost control. Durable margin levels support reliable cash generation and reinvestment capacity, underpinning long-term profitability through cycles.
Negative Factors
Brand/license concentration
Heavy reliance on a long-term license to Jockey for core revenue concentrates strategic and brand risk. Any adverse change to licensing terms, renewal outcomes, or the licensor's brand strategy could materially affect product control, distribution and earnings durability.
Read all positive and negative factors
Positive Factors
Negative Factors
High margins & profitability
Sustained high gross (56.82%) and net (14.77%) margins in 2025 indicate strong product mix, pricing power, and cost control. Durable margin levels support reliable cash generation and reinvestment capacity, underpinning long-term profitability through cycles.
Read all positive factors
Page Industries Limited (PAGEIND) vs. iShares MSCI India ETF (INDA)
Market Cap
₹378.56B
Dividend Yield1.71%
Average Volume (3M)704.00
Price to Earnings (P/E)53.0
Beta (1Y)0.83
Revenue Growth7.50%
EPS Growth32.75%
CountryIN
Employees19,461
SectorConsumer Cyclical
Sector Strength84
IndustryApparel - Manufacturers
Share Statistics
EPS (TTM)193.00
Shares Outstanding11,153,874
10 Day Avg. Volume1,360
30 Day Avg. Volume704
Financial Highlights & Ratios
PEG Ratio2.29
Price to Book (P/B)33.30
Price to Sales (P/S)9.54
P/FCF Ratio41.68
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)761.09
Revenue Forecast (FY)₹56.21B
Page Industries Limited Business Overview & Revenue Model
Company Description
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, ...
How the Company Makes Money
Page Industries makes money primarily by selling branded apparel (mainly innerwear and athleisure/leisurewear) under licensed brands, with revenue recognized from the sale of finished goods across wholesale and retail channels. The key revenue str...
Page Industries Limited Financial Statement Overview
Summary
Income Statement
85
Very Positive
Balance Sheet
78
Positive
Cash Flow
90
Very Positive
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 49.97B | 49.13B | 45.47B | 46.78B | 37.25B | 27.70B |
| Gross Profit | 26.85B | 25.29B | 22.25B | 23.49B | 18.18B | 13.63B |
| EBITDA | 11.80B | 11.24B | 8.92B | 8.77B | 8.06B | 5.46B |
| Net Income | 7.64B | 7.29B | 5.69B | 5.71B | 5.37B | 3.41B |
Balance Sheet | ||||||
| Total Assets | 27.86B | 26.43B | 26.83B | 26.93B | 21.07B | 17.00B |
| Cash, Cash Equivalents and Short-Term Investments | 5.08B | 4.62B | 3.14B | 6.66M | 2.79B | 4.35B |
| Total Debt | 2.68B | 2.62B | 1.85B | 4.06B | 1.76B | 1.27B |
| Total Liabilities | 13.77B | 12.36B | 10.86B | 13.22B | 10.18B | 8.15B |
| Stockholders Equity | 14.09B | 14.07B | 15.97B | 13.71B | 10.89B | 8.85B |
Cash Flow | ||||||
| Free Cash Flow | 4.46B | 11.24B | 9.84B | -1.67B | 2.29B | 6.81B |
| Operating Cash Flow | 5.02B | 12.04B | 10.80B | -16.08M | 3.27B | 6.96B |
| Investing Cash Flow | -1.54B | 116.55M | -3.70B | 307.75M | 1.19B | -4.01B |
| Financing Cash Flow | -4.27B | -10.10B | -6.21B | -1.74B | -3.96B | -3.66B |
Page Industries Limited Technical Analysis
Positive
35766.75
Price Trends
32613.81
Positive
34833.16
Negative
39620.01
Negative
Market Momentum
18.21
Negative
61.79
Neutral
74.08
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:PAGEIND, the sentiment is Positive. The current price of 35766.75 is above the 20-day moving average (MA) of 31579.73, above the 50-day MA of 32613.81, and below the 200-day MA of 39620.01, indicating a neutral trend. The MACD of 18.21 indicates Negative momentum. The RSI at 61.79 is Neutral, neither overbought nor oversold. The STOCH value of 74.08 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:PAGEIND.
Page Industries Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
65 Neutral | ₹379.66B | 36.82 | ― | 1.02% | -2.47% | 11.59% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
61 Neutral | ₹89.21B | 26.22 | ― | 1.37% | 5.77% | -4.37% | |
60 Neutral | ₹378.56B | 53.03 | ― | 1.71% | 7.50% | 32.75% | |
56 Neutral | ₹84.49B | 45.84 | ― | 0.95% | -0.95% | -50.96% | |
55 Neutral | ₹66.63B | 94.83 | ― | 0.75% | -8.39% | -3.74% | |
44 Neutral | ₹125.05B | -7.78 | ― | ― | ― | ― |
* Consumer Cyclical Sector Average
IN:PAGEIND
Page Industries Limited
33,939.75
-6,782.57
-16.66%
IN:360ONE
360 One Wam Limited
934.80
58.32
6.65%
IN:BATAINDIA
Bata India Ltd
657.35
-516.67
-44.01%
IN:MANYAVAR
Vedant Fashions Limited
367.15
-409.66
-52.74%
IN:OLAELEC
Ola Electric Mobility Limited
28.35
-22.48
-44.23%
IN:RELAXO
Relaxo Footwears Limited
267.65
-133.31
-33.25%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.