1. India Stocks

  2. •

    Consumer Cyclical

  3. •

    Apparel - Manufacturers
Page Industries Limited

Page Industries Limited

PAGEIND.BO
Page Industries LimitedIN flagBombay Stock Exchange
41,764.70
INR
-690.85
- -
464.14BMarket Cap
Page Industries Limited
PAGEIND.BO
(Bombay Stock Exchange)

Recent

price

41,764.70

P/E

ratio

- -

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
FRC
440.71
612.71
774.14
1,051.74
1,357.34
1,591.29
1,886.48
2,257.51
2,517.2
2,594.56
2,483.65
3,339.85
4,194.36
4,076.69
4,424.38
4,704.03
4,704.03
Revenue per Share
52.49
80.68
100.89
137.87
175.75
207.57
238.73
311.08
353.19
307.72
305.35
481.03
512.15
510.31
653.71
684.81
684.81
Basic EPS, GAAP
-25.7
85.57
37.75
19.89
100.55
172.87
189.57
354.83
172.23
396.23
610.15
205.26
-149.96
882.54
1,007.74
615.52
- -
Free Cash Flow per Basic Share
25.65
36.03
53.46
67.75
80.64
97.47
115.53
145.63
407.48
243.52
249.91
300.08
259.97
309.99
820
600.06
- -
Dividend per Share
74.03
138.71
187.9
257.53
347
371.78
493.63
656.37
591.55
631.79
690.07
872.73
1,125.94
1,328.45
1,158.34
10
10
Book Value per Share
109.68
145.87
188.83
256.63
364.38
471.87
594.48
752.58
689.89
732.1
791.27
974.24
1,226.89
1,428.01
1,257.77
1,344.26
1,344.26
Tangible Book Value per Share
11
11
11
11
11
11
11
11
11
11
11
11
11
11
11
11
11
Basic Weighted Avg Shares
4,916
6,834
8,635
11,731
15,140
17,749
21,042
25,180
28,076
28,939
27,702
37,252
46,783
45,471
49,349
52,468
52,468
Sales/Revenue/Turnover
18.12
20.44
19.69
20.65
20.4
20.17
19.11
20.53
21.31
16.6
16.88
19.41
16.84
16.99
19.52
19.94
19.94
Operating Margin (%)
98
106
114
139
176
260
247
280
311
614
629
655
781
904
992
1,066
1,066
Depreciation Expense
585
900
1,125
1,538
1,960
2,315
2,663
3,470
3,939
3,432
3,406
5,365
5,712
5,692
7,291
7,638
7,638
Net Income, GAAP
33.29
32.89
32.08
34.13
33.17
32.52
32.56
32.95
35
25.71
24.89
24.3
24.65
24.76
25.49
25.51
25.51
Effective Tax Rate (%)
11.91
13.17
13.03
13.11
12.95
13.04
12.66
13.78
14.03
11.86
12.29
14.4
12.21
12.52
14.78
14.56
14.56
Profit Margin (%)
574
812
1,220
1,715
1,987
3,074
4,074
5,466
4,709
4,579
5,128
6,317
7,680
9,373
7,319
8,028
8,028
Working Capital
289
219
291
333
345
243
398
326
199
1,270
944
746
1,218
1,420
2,208
2,377
2,377
LT Debt
1,238
1,658
2,135
2,890
4,083
5,299
6,658
8,473
7,750
8,199
8,849
10,886
13,710
15,969
14,072
15,026
15,026
Total Equity
30.32
38.2
40.17
40.73
38.83
37.91
37.12
39.67
42.63
38.12
34.78
49.48
39.52
31.98
40.55
44.63
44.63
Return on Invested Capital (%)
35.98
44.86
44.39
42.88
41.65
46.21
48.51
49.78
52.36
45.32
40.83
56.65
43.88
36.23
47.43
86.97
86.97
Return on Capital (%)
64.48
75.85
61.78
61.91
58.14
57.76
55.17
54.1
56.6
50.31
46.2
61.56
51.25
41.58
52.57
117.23
117.23
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
ST Debt
399
- -
391
LT Borrowings
62
- -
90
LT Finance Leases
2,220
- -
2,286
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
11
- -
11
Market Capitalization
453,711
402,171
355,424

Working Capital

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
Total Current Assets
18,562
- -
19,107
Cash, Cash Equivalents & STI
5,077
- -
4,329
Accounts Receivable, Net
1,873
- -
2,011
Inventories
9,503
- -
10,557
Total Current Liabilities
11,446
- -
11,078
Payables & Accruals
- -
- -
- -
ST Debt
399
- -
391
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
11.84%
12.07%
6.78%
Free Cash Flow
-72.32%
-190.53%
-38.92%
Net Income, GAAP
14.17%
19.3%
4.76%
Sales/Revenue/Turnover
12.06%
14.42%
6.32%
Total Cash Common Dividend
35.04%
32.73%
-26.82%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
12,291
11,221
12,256
9,608
45,471
2025
12,775
12,463
13,131
10,981
49,349
2026
13,166
12,909
13,868
12,526
52,468

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
141.98
134.73
136.59
- -
510.31
2025
148.13
175.06
183.48
147.04
653.71
2026
180.02
174.62
169.93
160.24
684.81

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
309.99
2025
- -
- -
- -
- -
820
2026
- -
- -
- -
- -
600.06
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Business
Page Industries Limited, headquartered in Bengaluru, India, and founded in 1994, manufactures, markets, and distributes branded innerwear, loungewear, activewear, socks, and related apparel accessories for men, women, and children primarily under the Jockey brand; its core offerings include men's briefs, trunks, boxer briefs, vests, and t-shirts, women's bras, panties, camisoles, crop tops, shapewear, sleepwear, and kurtis, kids' innerwear and outerwear, swimwear under the Speedo license in select markets, towels, thermals, caps, handkerchiefs, and various sock types such as calf, ankle, knee, low show, and no-show; the company operates 14 manufacturing plants across locations including Bangalore, Hassan, Mysore, Tiptur, Gauribidanur, Tiruppur, K.R. Pet, with additional expansions underway, and distributes through over 1,600 exclusive brand outlets, 25,000 multi-brand retail points, and e-commerce channels in India, Sri Lanka, Nepal, Bangladesh, United Arab Emirates, Oman, Qatar, Maldives, and Bhutan. The company serves as the exclusive licensee of Jockey International Inc. (USA) for these territories and focuses on premium segments with a production capacity exceeding 100 million units annually, emphasizing quality control, innovation, and sustainability in its vertically integrated operations spanning design, manufacturing, and retail. Recent developments include the nearing completion of its large-scale Odisha manufacturing facility on 28.5 acres for central stores, cut-to-pack, elastics, and socks production expected operational by end-FY25; completion of socks capacity expansion to 576 knitting machines; tape dyeing unit expansion in Hassan and completion of cup moulding and hook n eye projects for enhanced bra capabilities; launch of the JKY Groove product range targeting youth; commencement of commercial production at the new Odisha plant; and ongoing digital initiatives like Salesforce Distribution Management System rollout and SAP S/4HANA migration as of 2025.