1. India Stocks

  2. •

    Consumer Cyclical

  3. •

    Apparel - Manufacturers
Page Industries Limited

Page Industries Limited

PAGEIND.NS
Page Industries LimitedIN flagNational Stock Exchange of India
40,615.00
INR
-800.00
- -
453.01BMarket Cap
Page Industries Limited
PAGEIND.NS
(National Stock Exchange of India)

Recent

price

40,615.00

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
453,794
402,037
354,412

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 manufactures, markets, distributes and retails innerwear, athleisurewear, leisurewear, swimwear and related clothing accessories for men, women and children under license from Jockey International Inc. for the Jockey brand and Speedo International Ltd. for the Speedo brand; core products include men's briefs, trunks, boxer briefs, vests, T-shirts and athleisure; women's bras, panties, camisoles, crop tops, loungewear and activewear; kids' innerwear, outerwear and socks; plus swimwear, towels, thermals and elastics across premium segments. The company, founded in 1994 and headquartered in Bengaluru, Karnataka, India, operates an integrated model with 15 manufacturing facilities including recent expansions in Bangalore, Hassan, Mysore, Tirupur and a new 650,000 sq. ft. Odisha plant commissioned in FY2024-25 featuring central stores, cut-to-pack, men's innerwear, socks and elastics production with IGBC Platinum sustainability certification. Page Industries holds exclusive Jockey rights in India, Sri Lanka, Bangladesh, Nepal, Oman, Qatar, Maldives, Bhutan and UAE, plus Speedo rights in India, and recently expanded with exclusive Jockey marketing and distribution rights in Saudi Arabia, Bahrain and Kuwait; it maintains over 50,000 retail outlets, 1,131 exclusive brand stores and e-commerce channels across 1,800 cities.