Page Industries Limited (IN:PAGEIND)
:PAGEIND
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Page Industries Limited
(PAGEIND)
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Rating:60Neutral
Price Target:
₹36,487.00
▲(2.01% Upside)
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
Strong free cash flow
Consistent free cash flow growth and OCF multiples over net income indicate durable internal funding. This level of cash generation supports sustained capex, network expansion, dividend capacity and discretionary investments, reducing reliance on external financing and improving long-term resilience.
Negative Factors
Dependence on JOCKEY license
The business is materially reliant on a single licensed brand for its core revenue. License terms, royalty costs or non-renewal represent structural risks to product assortment, margins and brand access; any adverse change would materially impact revenue mix and strategic flexibility for years.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong free cash flow
Consistent free cash flow growth and OCF multiples over net income indicate durable internal funding. This level of cash generation supports sustained capex, network expansion, dividend capacity and discretionary investments, reducing reliance on external financing and improving long-term resilience.
Read all positive factors
Page Industries Limited (PAGEIND) vs. iShares MSCI India ETF (INDA)
Market Cap
₹419.91B
Dividend Yield1.71%
Average Volume (3M)704.00
Price to Earnings (P/E)53.0
Beta (1Y)0.86
Revenue Growth5.38%
EPS Growth11.25%
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)760.54
Revenue Forecast (FY)₹56.33B
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
33180.49
Positive
34514.59
Positive
39208.57
Negative
Market Momentum
1293.56
Negative
77.07
Negative
93.37
Negative
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 33808.43, above the 50-day MA of 33180.49, and below the 200-day MA of 39208.57, indicating a neutral trend. The MACD of 1293.56 indicates Negative momentum. The RSI at 77.07 is Negative, neither overbought nor oversold. The STOCH value of 93.37 is Negative, 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 |
|---|---|---|---|---|---|---|---|
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
61 Neutral | ₹109.73B | 26.22 | ― | 1.37% | 1.54% | -10.15% | |
60 Neutral | ₹419.91B | 53.03 | ― | 1.71% | 5.38% | 11.25% | |
60 Neutral | ₹422.12B | 33.34 | ― | 1.02% | 21.60% | 11.09% | |
56 Neutral | ₹94.76B | 45.84 | ― | 0.95% | -0.64% | -48.93% | |
55 Neutral | ₹74.94B | 94.83 | ― | 0.75% | -6.88% | -4.38% | |
49 Neutral | ₹157.86B | -7.78 | ― | ― | ― | ― |
* Consumer Cyclical Sector Average
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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.