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Page Industries LimitedNSEI:PAGEIND Stock Report

Market Cap ₹410.3b
Share Price
₹36.79k
₹37.94k
3.0% undervalued intrinsic discount
1Y-18.7%
7D-2.3%
Portfolio Value
View

Page Industries Limited

NSEI:PAGEIND Stock Report

Market Cap: ₹410.3b

Page Industries (PAGEIND) Stock Overview

Manufactures, markets, and distributes textile garments and clothing accessories for men, women, and kids in India and internationally. More details

PAGEIND fundamental analysis
Snowflake Score
Valuation0/6
Future Growth2/6
Past Performance4/6
Financial Health5/6
Dividends4/6

PAGEIND Community Fair Values

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See what 13 others think this stock is worth. Follow their fair value or set your own to get alerts.

Page Industries Limited Competitors

Price History & Performance

Summary of share price highs, lows and changes for Page Industries
Historical stock prices
Current Share Price₹36,785.00
52 Week High₹50,590.00
52 Week Low₹29,805.00
Beta-0.14
1 Month Change8.37%
3 Month Change12.34%
1 Year Change-18.66%
3 Year Change-10.54%
5 Year Change24.15%
Change since IPO13,433.85%

Recent News & Updates

PAGEIND: Upcoming Interim Dividend Will Support Constructive Outlook At Current Fair Value

Analysts have trimmed their price target on Page Industries slightly to about ₹37,936 from roughly ₹37,988, reflecting small adjustments to the discount rate, revenue growth, profit margin, and future P/E assumptions, while keeping the overall view broadly unchanged. Valuation Changes Fair Value: Trimmed slightly from ₹37,987.58 to ₹37,936.00, a reduction of about ₹51.58.

PAGEIND: Upcoming Interim Dividend Will Support Constructive Forward Outlook

Analysts have trimmed their fair value price target for Page Industries from ₹39,187 to ₹37,988, citing slightly softer revenue growth assumptions and a lower future P/E multiple, which is partly balanced by a marginally higher profit margin outlook. What's in the News Board meeting scheduled for Feb 5, 2026, to review unaudited financial results for the quarter ended Dec 31, 2025 (company filing).

PAGEIND: Overvaluation Concerns Will Hinge On Upcoming Interim Dividend Decision

Analysts have trimmed their price target on Page Industries from ₹31,000 to about ₹29,042. This reflects updated assumptions around fair value, discount rate, revenue growth, profit margin and future P/E expectations.

PAGEIND: Steady Outlook Will Face Upcoming Board Call On Interim Dividend

Analysts have kept their price target for Page Industries unchanged at ₹31,000, as small tweaks to the discount rate, revenue growth, profit margin, and future P/E assumptions largely offset one another in their updated models. What's in the News A board meeting is scheduled for Feb 5, 2026, to review and take on record the unaudited financial results for the quarter ended Dec 31, 2025 (company filing).

PAGEIND: Trimmed Outlook Will Meet Key Board Decision On Interim Dividend

Analysts have trimmed their price target on Page Industries from ₹36,000 to ₹31,000, citing updates to long term assumptions on revenue growth, profit margins, discount rate and future P/E multiples. What's in the News A board meeting is scheduled for February 5, 2026 to review the unaudited financial results for the quarter ended December 31, 2025 (Key Developments).

Does Page Industries (NSE:PAGEIND) Have A Healthy Balance Sheet?

Feb 15
Does Page Industries (NSE:PAGEIND) Have A Healthy Balance Sheet?

Recent updates

PAGEIND: Upcoming Interim Dividend Will Support Constructive Outlook At Current Fair Value

Analysts have trimmed their price target on Page Industries slightly to about ₹37,936 from roughly ₹37,988, reflecting small adjustments to the discount rate, revenue growth, profit margin, and future P/E assumptions, while keeping the overall view broadly unchanged. Valuation Changes Fair Value: Trimmed slightly from ₹37,987.58 to ₹37,936.00, a reduction of about ₹51.58.

PAGEIND: Upcoming Interim Dividend Will Support Constructive Forward Outlook

Analysts have trimmed their fair value price target for Page Industries from ₹39,187 to ₹37,988, citing slightly softer revenue growth assumptions and a lower future P/E multiple, which is partly balanced by a marginally higher profit margin outlook. What's in the News Board meeting scheduled for Feb 5, 2026, to review unaudited financial results for the quarter ended Dec 31, 2025 (company filing).

PAGEIND: Overvaluation Concerns Will Hinge On Upcoming Interim Dividend Decision

Analysts have trimmed their price target on Page Industries from ₹31,000 to about ₹29,042. This reflects updated assumptions around fair value, discount rate, revenue growth, profit margin and future P/E expectations.

PAGEIND: Steady Outlook Will Face Upcoming Board Call On Interim Dividend

Analysts have kept their price target for Page Industries unchanged at ₹31,000, as small tweaks to the discount rate, revenue growth, profit margin, and future P/E assumptions largely offset one another in their updated models. What's in the News A board meeting is scheduled for Feb 5, 2026, to review and take on record the unaudited financial results for the quarter ended Dec 31, 2025 (company filing).

PAGEIND: Trimmed Outlook Will Meet Key Board Decision On Interim Dividend

Analysts have trimmed their price target on Page Industries from ₹36,000 to ₹31,000, citing updates to long term assumptions on revenue growth, profit margins, discount rate and future P/E multiples. What's in the News A board meeting is scheduled for February 5, 2026 to review the unaudited financial results for the quarter ended December 31, 2025 (Key Developments).

Does Page Industries (NSE:PAGEIND) Have A Healthy Balance Sheet?

Feb 15
Does Page Industries (NSE:PAGEIND) Have A Healthy Balance Sheet?

PAGEIND: Softer Assumptions And Upcoming Dividend Will Shape Balanced Outlook

Analysts have trimmed their price target on Page Industries to ₹39,187 from ₹42,787, citing slightly softer assumptions around revenue growth, profit margins and future P/E multiples in their updated models. What's in the News Board meeting scheduled for February 5, 2026, to consider and take on record the unaudited financial results for the quarter ended December 31, 2025 (company filing).

PAGEIND: Upcoming Dividend Decision And Stable Assumptions Will Support Future Upside Potential

Analysts have kept their fair value estimate for Page Industries steady at ₹50,716, with only small tweaks to the discount rate, revenue growth, profit margin and future P/E assumptions, resulting in an unchanged overall price target. What's in the News A board meeting is scheduled for Feb 5, 2026, to review and record the unaudited financial results for the quarter ended Dec 31, 2025 (Key Developments).

Page Industries (NSE:PAGEIND) Is Due To Pay A Dividend Of ₹150.00

Jan 19
Page Industries (NSE:PAGEIND) Is Due To Pay A Dividend Of ₹150.00

PAGEIND: Future Margin Strength And Dividend Prospects Will Support Upside Potential

Narrative Update on Page Industries Analysts have revised their price target on Page Industries from ₹57,500 to about ₹50,716, reflecting updated views on fair value, discount rate, projected revenue growth, profit margin, and future P/E assumptions. What's in the News Board meeting scheduled for November 13, 2025, to review the unaudited financial results for the quarter ended September 30, 2025 (Key Developments).

PAGEIND: Upcoming Dividend And Board Review Will Support Bullish Re Rating

Analysts have raised their price target for Page Industries modestly to align with a slightly lower discount rate and stable long term growth and profitability assumptions, reflecting a marginal improvement in the stock's perceived risk reward profile. What's in the News Board meeting scheduled for November 13, 2025, to consider and approve unaudited financial results for the quarter ended September 30, 2025 (company filing) Board to consider declaration of a second interim dividend to equity shareholders for financial year 2025-26 at the November 13, 2025 meeting (company filing) The focus of the upcoming board meeting on both quarterly performance review and capital return reflects management’s stated view on ongoing cash generation (company filing) Valuation Changes Fair Value: unchanged at approximately ₹42,787 per share, indicating no revision to the intrinsic value estimate.

Page Industries Limited's (NSE:PAGEIND) Business Is Yet to Catch Up With Its Share Price

Dec 14
Page Industries Limited's (NSE:PAGEIND) Business Is Yet to Catch Up With Its Share Price

PAGEIND: Upcoming Dividend Decision Will Drive Bullish Medium Term Re-Rating

Analysts have made a marginal downward revision to their price target on Page Industries to ₹42,786.65 from ₹42,838.12, reflecting slightly higher perceived risk and a modestly softer outlook for long term growth and profitability. What's in the News Board meeting scheduled for November 13, 2025, to approve unaudited financial results for the quarter ended September 30, 2025 (company disclosure) Board to consider declaration of a second interim dividend for FY 2025-26 at the upcoming November 13, 2025 meeting (company disclosure) Valuation Changes Fair Value: Lowered marginally to approximately ₹42,786.65 from ₹42,838.12, implying a negligible reduction in the intrinsic value estimate.

PAGEIND: Dividend Review And Board Meeting Updates Will Shape Near-Term Outlook

Analysts have lowered their fair value estimate for Page Industries from ₹44,849.80 to ₹42,838.12. They cite reduced expectations for revenue growth and a marginally higher discount rate, which is offset only slightly by improvements in profit margin forecasts.

Page Industries (NSE:PAGEIND) Has Announced That Its Dividend Will Be Reduced To ₹125.00

Nov 17
Page Industries (NSE:PAGEIND) Has Announced That Its Dividend Will Be Reduced To ₹125.00

PAGEIND: Dividend Outlook And Upcoming Board Meeting Will Drive Shares Higher

Analysts have lowered their price target for Page Industries from ₹45,562.68 to ₹44,849.80, citing minor adjustments to revenue growth, profit margin, and discount rate assumptions. What's in the News A board meeting is scheduled for November 13, 2025, to review unaudited financial results for the quarter ending September 30, 2025 (Key Developments).

Should You Be Adding Page Industries (NSE:PAGEIND) To Your Watchlist Today?

Sep 17
Should You Be Adding Page Industries (NSE:PAGEIND) To Your Watchlist Today?

Digitized Distribution And E-Commerce Will Unlock New Markets

With no significant changes in either the discount rate or future P/E, the consensus analyst price target for Page Industries remains effectively unchanged at ₹45,563. What's in the News Board approved first interim dividend of INR 150 per equity share for FY 2025-26.

Page Industries (NSE:PAGEIND) Seems To Use Debt Rather Sparingly

Aug 29
Page Industries (NSE:PAGEIND) Seems To Use Debt Rather Sparingly

Page Industries' (NSE:PAGEIND) Dividend Will Be Reduced To ₹150.00

Aug 12
Page Industries' (NSE:PAGEIND) Dividend Will Be Reduced To ₹150.00

Analyst Estimates: Here's What Brokers Think Of Page Industries Limited (NSE:PAGEIND) After Its Full-Year Report

Jul 12
Analyst Estimates: Here's What Brokers Think Of Page Industries Limited (NSE:PAGEIND) After Its Full-Year Report

We Think Page Industries' (NSE:PAGEIND) Robust Earnings Are Conservative

May 23
We Think Page Industries' (NSE:PAGEIND) Robust Earnings Are Conservative

Is Now The Time To Put Page Industries (NSE:PAGEIND) On Your Watchlist?

Apr 15
Is Now The Time To Put Page Industries (NSE:PAGEIND) On Your Watchlist?

Page Industries (NSE:PAGEIND) Has A Rock Solid Balance Sheet

Feb 26
Page Industries (NSE:PAGEIND) Has A Rock Solid Balance Sheet

Risks To Shareholder Returns Are Elevated At These Prices For Page Industries Limited (NSE:PAGEIND)

Dec 30
Risks To Shareholder Returns Are Elevated At These Prices For Page Industries Limited (NSE:PAGEIND)

Here's Why We Think Page Industries (NSE:PAGEIND) Might Deserve Your Attention Today

Dec 12
Here's Why We Think Page Industries (NSE:PAGEIND) Might Deserve Your Attention Today
User avatar

Critical E-commerce Expansion And Smart Technology Will Propel Revenue Growth And Strengthen Margins

Expansion in e-commerce and retail presence, especially in smaller cities, could drive future revenue growth through broader market penetration.

With EPS Growth And More, Page Industries (NSE:PAGEIND) Makes An Interesting Case

Sep 12
With EPS Growth And More, Page Industries (NSE:PAGEIND) Makes An Interesting Case

Some Shareholders Feeling Restless Over Page Industries Limited's (NSE:PAGEIND) P/S Ratio

Aug 28
Some Shareholders Feeling Restless Over Page Industries Limited's (NSE:PAGEIND) P/S Ratio

Page Industries' (NSE:PAGEIND) Dividend Will Be Increased To ₹300.00

Aug 11
Page Industries' (NSE:PAGEIND) Dividend Will Be Increased To ₹300.00

The CEO Of Page Industries Limited (NSE:PAGEIND) Might See A Pay Rise On The Horizon

Aug 02
The CEO Of Page Industries Limited (NSE:PAGEIND) Might See A Pay Rise On The Horizon

Page Industries' (NSE:PAGEIND) Conservative Accounting Might Explain Soft Earnings

May 31
Page Industries' (NSE:PAGEIND) Conservative Accounting Might Explain Soft Earnings

Page Industries Limited's (NSE:PAGEIND) Price Is Out Of Tune With Earnings

May 06
Page Industries Limited's (NSE:PAGEIND) Price Is Out Of Tune With Earnings

Is Page Industries (NSE:PAGEIND) A Risky Investment?

Mar 03
Is Page Industries (NSE:PAGEIND) A Risky Investment?

Page Industries (NSE:PAGEIND) Is Increasing Its Dividend To ₹100.00

Feb 14
Page Industries (NSE:PAGEIND) Is Increasing Its Dividend To ₹100.00

Page Industries (NSE:PAGEIND) Is Reinvesting At Lower Rates Of Return

Dec 28
Page Industries (NSE:PAGEIND) Is Reinvesting At Lower Rates Of Return

Page Industries' (NSE:PAGEIND) Shareholders Will Receive A Bigger Dividend Than Last Year

Nov 12
Page Industries' (NSE:PAGEIND) Shareholders Will Receive A Bigger Dividend Than Last Year

Does Page Industries (NSE:PAGEIND) Have A Healthy Balance Sheet?

Sep 08
Does Page Industries (NSE:PAGEIND) Have A Healthy Balance Sheet?

Page Industries (NSE:PAGEIND) Is Increasing Its Dividend To ₹75.00

Aug 13
Page Industries (NSE:PAGEIND) Is Increasing Its Dividend To ₹75.00

Is Now The Time To Put Page Industries (NSE:PAGEIND) On Your Watchlist?

Jun 28
Is Now The Time To Put Page Industries (NSE:PAGEIND) On Your Watchlist?

Here's Why Page Industries (NSE:PAGEIND) Can Manage Its Debt Responsibly

May 27
Here's Why Page Industries (NSE:PAGEIND) Can Manage Its Debt Responsibly

If EPS Growth Is Important To You, Page Industries (NSE:PAGEIND) Presents An Opportunity

Feb 26
If EPS Growth Is Important To You, Page Industries (NSE:PAGEIND) Presents An Opportunity

Shareholder Returns

PAGEINDIN LuxuryIN Market
7D-2.3%-0.06%0.4%
1Y-18.7%6.4%4.0%

Return vs Industry: PAGEIND underperformed the Indian Luxury industry which returned 6.4% over the past year.

Return vs Market: PAGEIND underperformed the Indian Market which returned 4% over the past year.

Price Volatility

Is PAGEIND's price volatile compared to industry and market?
PAGEIND volatility
PAGEIND Average Weekly Movement3.8%
Luxury Industry Average Movement7.6%
Market Average Movement7.2%
10% most volatile stocks in IN Market10.2%
10% least volatile stocks in IN Market4.7%

Stable Share Price: PAGEIND has not had significant price volatility in the past 3 months compared to the Indian market.

Volatility Over Time: PAGEIND's weekly volatility (4%) has been stable over the past year.

About the Company

FoundedEmployeesCEOWebsite
199420,658Karthik Yathindrawww.jockey.in

Page Industries Limited manufactures, markets, and distributes textile garments and clothing accessories for men, women, and kids in India and internationally. The company offers vests, briefs, boxer briefs, trunks, inner boxers, tank tops, t-shirts, polos, henleys, sweatshirts, jackets, hoodies, windcheater, boxer shorts, shorts, bermudas, joggers, track pants, pyjamas, pants, bras, panties, crop tops, camisoles, kurta and kurti slips, shrugs, sleep dresses, capris, culottes, leggings, shapewears, caps, handkerchief, and masks; face, hand, bath, and gym towels; calf, ankle, knee, low show, and no show socks; and thermals under Jockey brand. Page Industries Limited was incorporated in 1994 and is headquartered in Bengaluru, India.

Page Industries Limited Fundamentals Summary

How do Page Industries's earnings and revenue compare to its market cap?
PAGEIND fundamental statistics
Market cap₹410.30b
Earnings (TTM)₹7.49b
Revenue (TTM)₹50.92b
54.8x
P/E Ratio
8.1x
P/S Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
PAGEIND income statement (TTM)
Revenue₹50.92b
Cost of Revenue₹20.84b
Gross Profit₹30.08b
Other Expenses₹22.59b
Earnings₹7.49b

Last Reported Earnings

Dec 31, 2025

Next Earnings Date

May 21, 2026

Earnings per share (EPS)671.60
Gross Margin59.08%
Net Profit Margin14.71%
Debt/Equity Ratio19.0%

How did PAGEIND perform over the long term?

See historical performance and comparison

Dividends

2.4%
Current Dividend Yield
89%
Payout Ratio

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/02 16:52
End of Day Share Price 2026/04/30 00:00
Earnings2025/12/31
Annual Earnings2025/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Page Industries Limited is covered by 50 analysts. 22 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Parin Tanna360 ONE Capital Market Private Limited
Nitin BhasinAmbit Capital
Videesha ShethAmbit Capital