Page Industries Future Growth
Future criteria checks 2/6
Page Industries is forecast to grow earnings and revenue by 10.7% and 9.5% per annum respectively. EPS is expected to grow by 10.1% per annum. Return on equity is forecast to be 51.7% in 3 years.
Key information
10.7%
Earnings growth rate
10.09%
EPS growth rate
| Luxury earnings growth | 20.2% |
| Revenue growth rate | 9.5% |
| Future return on equity | 51.75% |
| Analyst coverage | Good |
| Last updated | 22 May 2026 |
Recent future growth updates
Recent updates
Narrative Update • May 19
PAGEIND: Upcoming Dividend Decision Will Support Future Upside Potential
Analysts have kept the price target for Page Industries steady at ₹46,300, reflecting only modest tweaks to assumptions on discount rate, revenue growth, profit margin and future P/E that do not materially alter their overall view of the stock's valuation. What's in the News Board meeting scheduled for May 21, 2026, to review the audited financial results for the quarter and year ending March 31, 2026 (Key Developments).Narrative Update • May 04
PAGEIND: Upcoming Dividend Decision And Revised Assumptions Will Support Future Upside Potential
Analysts have revised their fair value estimate for Page Industries to ₹46,300 from ₹50,716, reflecting updated assumptions around discount rates, revenue growth, profit margins and future P/E expectations. What's in the News Board meeting scheduled for May 21, 2026, to review the audited financial results for the quarter and year ending March 31, 2026 (Key Developments).
Narrative Update • Apr 20
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.Narrative Update • Apr 05
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).
Narrative Update • Mar 22
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.Narrative Update • Mar 08
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).Narrative Update • Feb 22
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).Analysis Article • Feb 15
Does Page Industries (NSE:PAGEIND) Have A Healthy Balance Sheet?
The external fund manager backed by Berkshire Hathaway's Charlie Munger, Li Lu, makes no bones about it when he says...Narrative Update • Feb 08
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).Narrative Update • Jan 25
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).Analysis Article • Jan 19
Page Industries (NSE:PAGEIND) Is Due To Pay A Dividend Of ₹150.00
Page Industries Limited's ( NSE:PAGEIND ) investors are due to receive a payment of ₹150.00 per share on 7th of March...Narrative Update • Jan 10
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).Narrative Update • Dec 26
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.Analysis Article • Dec 14
Page Industries Limited's (NSE:PAGEIND) Business Is Yet to Catch Up With Its Share Price
With a price-to-earnings (or "P/E") ratio of 53.9x Page Industries Limited ( NSE:PAGEIND ) may be sending very bearish...Narrative Update • Dec 12
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.Narrative Update • Nov 28
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.Analysis Article • Nov 17
Page Industries (NSE:PAGEIND) Has Announced That Its Dividend Will Be Reduced To ₹125.00
Page Industries Limited's ( NSE:PAGEIND ) dividend is being reduced from last year's payment covering the same period...Narrative Update • Nov 14
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).Analysis Article • Sep 17
Should You Be Adding Page Industries (NSE:PAGEIND) To Your Watchlist Today?
For beginners, it can seem like a good idea (and an exciting prospect) to buy a company that tells a good story to...Narrative Update • Sep 05
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.Analysis Article • Aug 29
Page Industries (NSE:PAGEIND) Seems To Use Debt Rather Sparingly
Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...Analysis Article • Aug 12
Page Industries' (NSE:PAGEIND) Dividend Will Be Reduced To ₹150.00
Page Industries Limited ( NSE:PAGEIND ) has announced it will be reducing its dividend payable on the 6th of September...Analysis Article • Jul 12
Analyst Estimates: Here's What Brokers Think Of Page Industries Limited (NSE:PAGEIND) After Its Full-Year Report
The annual results for Page Industries Limited ( NSE:PAGEIND ) were released last week, making it a good time to...Analysis Article • May 23
We Think Page Industries' (NSE:PAGEIND) Robust Earnings Are Conservative
Even though Page Industries Limited's ( NSE:PAGEIND ) recent earnings release was robust, the market didn't seem to...Analysis Article • Apr 15
Is Now The Time To Put Page Industries (NSE:PAGEIND) On Your Watchlist?
Investors are often guided by the idea of discovering 'the next big thing', even if that means buying 'story stocks...Analysis Article • Feb 26
Page Industries (NSE:PAGEIND) Has A Rock Solid Balance Sheet
Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...Analysis Article • Dec 30
Risks To Shareholder Returns Are Elevated At These Prices For Page Industries Limited (NSE:PAGEIND)
When you see that almost half of the companies in the Luxury industry in India have price-to-sales ratios (or "P/S...Analysis Article • Dec 12
Here's Why We Think Page Industries (NSE:PAGEIND) Might Deserve Your Attention Today
Investors are often guided by the idea of discovering 'the next big thing', even if that means buying 'story stocks...
New Narrative • Dec 05
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.Analysis Article • Sep 12
With EPS Growth And More, Page Industries (NSE:PAGEIND) Makes An Interesting Case
The excitement of investing in a company that can reverse its fortunes is a big draw for some speculators, so even...Analysis Article • Aug 28
Some Shareholders Feeling Restless Over Page Industries Limited's (NSE:PAGEIND) P/S Ratio
Page Industries Limited's ( NSE:PAGEIND ) price-to-sales (or "P/S") ratio of 10x may look like a poor investment...Analysis Article • Aug 11
Page Industries' (NSE:PAGEIND) Dividend Will Be Increased To ₹300.00
Page Industries Limited's ( NSE:PAGEIND ) dividend will be increasing from last year's payment of the same period to...Analysis Article • Aug 02
The CEO Of Page Industries Limited (NSE:PAGEIND) Might See A Pay Rise On The Horizon
Key Insights Page Industries to hold its Annual General Meeting on 8th of August Total pay for CEO V. Ganesh includes...Analysis Article • May 31
Page Industries' (NSE:PAGEIND) Conservative Accounting Might Explain Soft Earnings
The market for Page Industries Limited's ( NSE:PAGEIND ) shares didn't move much after it posted weak earnings...Analysis Article • May 06
Page Industries Limited's (NSE:PAGEIND) Price Is Out Of Tune With Earnings
With a price-to-earnings (or "P/E") ratio of 72x Page Industries Limited ( NSE:PAGEIND ) may be sending very bearish...Analysis Article • Mar 03
Is Page Industries (NSE:PAGEIND) A Risky Investment?
Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...Analysis Article • Feb 14
Page Industries (NSE:PAGEIND) Is Increasing Its Dividend To ₹100.00
Page Industries Limited ( NSE:PAGEIND ) has announced that it will be increasing its dividend from last year's...Analysis Article • Dec 28
Page Industries (NSE:PAGEIND) Is Reinvesting At Lower Rates Of Return
Finding a business that has the potential to grow substantially is not easy, but it is possible if we look at a few key...Analysis Article • Nov 12
Page Industries' (NSE:PAGEIND) Shareholders Will Receive A Bigger Dividend Than Last Year
The board of Page Industries Limited ( NSE:PAGEIND ) has announced that it will be paying its dividend of ₹75.00 on the...Analysis Article • Sep 08
Does Page Industries (NSE:PAGEIND) Have A Healthy Balance Sheet?
Warren Buffett famously said, 'Volatility is far from synonymous with risk.' So it might be obvious that you need to...Analysis Article • Aug 13
Page Industries (NSE:PAGEIND) Is Increasing Its Dividend To ₹75.00
The board of Page Industries Limited ( NSE:PAGEIND ) has announced that it will be increasing its dividend by 25% on...Analysis Article • Jun 28
Is Now The Time To Put Page Industries (NSE:PAGEIND) On Your Watchlist?
Investors are often guided by the idea of discovering 'the next big thing', even if that means buying 'story stocks...Analysis Article • May 27
Here's Why Page Industries (NSE:PAGEIND) Can Manage Its Debt Responsibly
David Iben put it well when he said, 'Volatility is not a risk we care about. What we care about is avoiding the...Earnings and Revenue Growth Forecasts
| Date | Revenue | Earnings | Free Cash Flow | Cash from Op | Avg. No. Analysts |
|---|---|---|---|---|---|
| 3/31/2029 | 71,020 | 10,637 | 10,463 | 11,332 | 9 |
| 3/31/2028 | 64,496 | 9,499 | 9,258 | 10,470 | 23 |
| 3/31/2027 | 59,087 | 8,510 | 8,173 | 9,523 | 19 |
| 3/31/2026 | 52,468 | 7,638 | 6,865 | 7,944 | N/A |
| 12/31/2025 | 50,922 | 7,491 | N/A | N/A | N/A |
| 9/30/2025 | 50,185 | 7,642 | 8,037 | 9,104 | N/A |
| 6/30/2025 | 49,740 | 7,647 | N/A | N/A | N/A |
| 3/31/2025 | 49,349 | 7,291 | 11,240 | 12,036 | N/A |
| 12/31/2024 | 48,418 | 6,733 | N/A | N/A | N/A |
| 9/30/2024 | 47,543 | 6,210 | 12,017 | 12,594 | N/A |
| 6/30/2024 | 46,301 | 5,761 | N/A | N/A | N/A |
| 3/31/2024 | 45,692 | 5,692 | 9,844 | 10,805 | N/A |
| 12/31/2023 | 46,241 | 5,393 | N/A | N/A | N/A |
| 9/30/2023 | 45,953 | 5,107 | 4,132 | 5,570 | N/A |
| 6/30/2023 | 46,874 | 5,226 | N/A | N/A | N/A |
| 3/31/2023 | 47,142 | 5,712 | -1,673 | -16 | N/A |
| 12/31/2022 | 49,307 | 6,834 | N/A | N/A | N/A |
| 9/30/2022 | 48,972 | 7,343 | 206 | 1,787 | N/A |
| 6/30/2022 | 47,262 | 7,326 | N/A | N/A | N/A |
| 3/31/2022 | 38,865 | 5,365 | 2,289 | 3,269 | N/A |
| 12/31/2021 | 36,561 | 4,616 | N/A | N/A | N/A |
| 9/30/2021 | 33,934 | 4,407 | 5,371 | 5,798 | N/A |
| 6/30/2021 | 30,497 | 3,911 | N/A | N/A | N/A |
| 3/31/2021 | 28,330 | 3,406 | 6,806 | 6,959 | N/A |
| 12/31/2020 | 24,934 | 2,560 | N/A | N/A | N/A |
| 9/30/2020 | 23,601 | 1,894 | 5,449 | 5,683 | N/A |
| 6/30/2020 | 23,953 | 1,930 | N/A | N/A | N/A |
| 3/31/2020 | 29,455 | 3,432 | 4,420 | 5,167 | N/A |
| 12/31/2019 | 30,120 | 3,872 | N/A | N/A | N/A |
| 9/30/2019 | 29,565 | 4,021 | N/A | 2,580 | N/A |
| 6/30/2019 | 28,719 | 3,802 | N/A | N/A | N/A |
| 3/31/2019 | 28,522 | 3,939 | N/A | 2,297 | N/A |
| 12/31/2018 | 28,527 | 4,132 | N/A | N/A | N/A |
| 9/30/2018 | 27,354 | 3,947 | N/A | N/A | N/A |
| 6/30/2018 | 26,704 | 3,861 | N/A | N/A | N/A |
| 3/31/2018 | 25,514 | 3,470 | N/A | 4,528 | N/A |
| 12/31/2017 | 24,419 | 3,195 | N/A | N/A | N/A |
| 9/30/2017 | 23,491 | 2,990 | N/A | N/A | N/A |
| 6/30/2017 | 22,578 | 2,836 | N/A | N/A | N/A |
| 3/31/2017 | 21,285 | 2,663 | N/A | 2,736 | N/A |
| 12/31/2016 | 20,596 | 2,573 | N/A | N/A | N/A |
| 9/30/2016 | 19,780 | 2,464 | N/A | N/A | N/A |
| 6/30/2016 | 19,064 | 2,380 | N/A | N/A | N/A |
| 3/31/2016 | 17,956 | 2,315 | N/A | 2,192 | N/A |
| 12/31/2015 | 17,261 | 2,225 | N/A | N/A | N/A |
| 9/30/2015 | 16,696 | 2,153 | N/A | N/A | N/A |
| 6/30/2015 | 16,034 | 2,049 | N/A | N/A | N/A |
Analyst Future Growth Forecasts
Earnings vs Savings Rate: PAGEIND's forecast earnings growth (10.7% per year) is above the savings rate (6.9%).
Earnings vs Market: PAGEIND's earnings (10.7% per year) are forecast to grow slower than the Indian market (16.3% per year).
High Growth Earnings: PAGEIND's earnings are forecast to grow, but not significantly.
Revenue vs Market: PAGEIND's revenue (9.5% per year) is forecast to grow slower than the Indian market (10.8% per year).
High Growth Revenue: PAGEIND's revenue (9.5% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: PAGEIND's Return on Equity is forecast to be very high in 3 years time (51.7%).
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/05/22 11:34 |
| End of Day Share Price | 2026/05/22 00:00 |
| Earnings | 2026/03/31 |
| Annual Earnings | 2026/03/31 |
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.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
|
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
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| Key Developments | 10 years |
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* 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
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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 39 analysts. 23 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Parin Tanna | 360 ONE Capital Market Private Limited |
| Videesha Sheth | Ambit Capital |
| null null | Anand Rathi Shares and Stock Brokers Limited |