Page Industries
- Market cap
- ₹ 37,672 Cr.
- P/E
- 48.2x
- P/B
- 25.55x
- 52-week range
- 29,805 – 43,855
- ROE
- 54%
- ROCE
- 64%
- Dividend yield
- 1.7%
- Debt / equity
- 0.18
- Sector
- Textiles & Apparels
- Industry
- Garments & Apparels
- Listed on
- NSE, BSE
About
Page Industries Limited is an India-based company, which is engaged in the business of manufacturing, distribution and marketing of garments. The Company is engaged in manufacturing textile garments and clothing accessories. The Company has a license of JOCKEY International Inc. (USA) for the manufacture, distribution and marketing of the JOCKEY brand in India, Sri Lanka, Bangladesh, Nepal, Oman, Qatar, Maldives, Bhutan, and the United Arab Emirates. It is also the licensee of Speedo International Ltd. for the manufacture, marketing and distribution of the Speedo brand in India. The Company’s manufacturing operations spread over 16 manufacturing complexes in Bangalore, Hassan, Mysore, Gowribidanur, Tiptur and Tirupur. The Company distributes pan India, including approximately 120,000 plus retail outlets in 2,800 cities and towns. The Company through its authorized franchisees has approximately 1,500 Exclusive Brand Outlet’s (EBO’s).
Quick check
The five things to look at first. Open one for more.
Compared with its industry
Garments & Apparels: 62 companies →Page Industries against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.
- Valuation (P/E)48.2 against a typical 19.1: pricier than most peers (1st = cheapest).50th of 62
- Sales growth+7.8% against a typical +8.8% from a year earlier.24th of 46
- Profit growth−4% against a typical +4.1% from a year earlier.24th of 41
- Share price, 3 months−14.1% against a typical −5.1%.38th of 56
- Size₹ 37,671.8 Cr. market value against a typical ₹ 152.5 Cr. (1st = largest).1st of 58
Latest announcements
Exchange filings and their impact on the company.
- Dubai claim stays dismissed but both sides have now appealed, with no financial impact disclosed.
Page Industries said the Dubai Court dismissal of the claim by Yellow Flower Trading LLC is now under appeal. Both the company, on jurisdiction, and Yellow Flower, against the dismissal, have filed separate appeals. No claim amount, provision or financial impact was disclosed, and the company said it will update on further material developments.
Credit ratings
Every rating action on file, newest first, including reaffirmations. Open a row for the agency's reasoning. All credit rating updates
High safety
Rated AA+ by ICRA- No warnings from the agency.
| Agency | Current rating | Outlook | As of |
|---|---|---|---|
| ICRA | [ICRA]AA+ | Stable | 13 Oct 2025 |
| Rating | Details | |||||
|---|---|---|---|---|---|---|
| 13 Oct 2025 | Reaffirmed | [ICRA]AA+ | — | ICRA | ₹ 350 Cr. |
Board meetings
Results dates and other board meetings. Full calendar
| Details | ||
|---|---|---|
| 13 Aug 2026 | Financial Results/Dividend | To consider and approve the financial results for the period ended Jun 30, 2026 and dividend |
| 21 May 2026 | Financial Results/Dividend | To consider and approve the financial results for the period ended March 31, 2026 and dividend |
| 5 Feb 2026 | Financial Results/Dividend | To consider and approve the financial results for the period ended December 31, 2025 and dividend |
| 13 Nov 2025 | Financial Results/Dividend | To consider and approve the financial results for the period ended September 30, 2025 and dividend |
| 7 Aug 2025 | Financial Results/Dividend | To consider and approve the financial results for the period ended Jun 30, 2025 and dividend |
| 15 May 2025 | Financial Results/Dividend | To consider and approve the financial results for the period ended March 31, 2025 and dividend |
Financials
Standalone figures in ₹ crore.
| ₹ Cr. | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,125 | 1,226 | 992 | 1,278 | 1,246 | 1,313 | 1,098 | 1,317 | 1,291 | 1,387 | 1,253 | 1,420 |
| Expenses | 892 | 999 | 828 | 1,034 | 965 | 1,011 | 863 | 1,022 | 1,011 | 1,069 | 992 | 1,131 |
| Operating Profit | 234 | 226 | 164 | 243 | 281 | 303 | 235 | 295 | 280 | 318 | 261 | 289 |
| OPM % | 21% | 18% | 17% | 19% | 23% | 23% | 21% | 22% | 22% | 23% | 21% | 20% |
| Other Income | 2 | 9 | 14 | 13 | 15 | 14 | 20 | 15 | 19 | −23 | 17 | 11 |
| Interest | 11 | 10 | 10 | 12 | 11 | 12 | 12 | 13 | 13 | 13 | 12 | 12 |
| Depreciation | 25 | 23 | 23 | 22 | 23 | 30 | 25 | 27 | 25 | 27 | 28 | 29 |
| Profit before tax | 199 | 202 | 145 | 222 | 262 | 275 | 219 | 270 | 261 | 256 | 238 | 259 |
| Tax % | 25% | 25% | 25% | 26% | 26% | 26% | 25% | 26% | 25% | 26% | 25% | 25% |
| Net Profit | 150 | 152 | 108 | 165 | 195 | 205 | 164 | 201 | 195 | 190 | 179 | 193 |
| EPS in Rs | 134.73 | 136.59 | 97.01 | 148.13 | 175.06 | 183.49 | 147.04 | 180.03 | 174.61 | 169.93 | 160.24 | 172.86 |
Growth and returns
Compounded yearly rates over each period.
- 10 Years
- 11%
- 5 Years
- 13%
- 3 Years
- 4%
- TTM
- 8%
- 10 Years
- 13%
- 5 Years
- 18%
- 3 Years
- 11%
- TTM
- 2%
- 10 Years
- 10%
- 5 Years
- 3%
- 3 Years
- −4%
- TTM
- —
- 10 Years
- 47%
- 5 Years
- 48%
- 3 Years
- 47%
- TTM
- —
P/E and EPS over time
Daily P/E and trailing 12-month EPS. EPS updates with each result.
Peers
Listed companies in the same business.
| Page Industries | ₹ 33,845.00 | ₹ 37,672 Cr. | 48.2x | 25.6x | 54% | — |
| Vardhman Textiles | ₹ 495.00 | ₹ 14,319 Cr. | 23.5x | 1.8x | 7.3% | 7.6% |
| Indo Count Industries | ₹ 390.35 | ₹ 7,721 Cr. | 57.5x | 3.3x | 5.4% | 3% |
| Alok Industries | ₹ 8.10 | ₹ 4,022 Cr. | — | — | — | −20% |
| Gokaldas Exports | ₹ 673.70 | ₹ 4,937 Cr. | 63.1x | 2.8x | 4.7% | 2.5% |
| PDS | ₹ 348.20 | ₹ 4,926 Cr. | 46.7x | 2.9x | 6.6% | 1.4% |
Management
- Karthik Yathindra
- Chief Executive Officer
- Deepanjan Bandyopadhyay
- Chief Financial Officer
- Srinivasan K
- Chief Operating Officer
- Benjamin Rajkumar
- Chief People Officer
- Murugesh C.
- Compliance Officer, Company Secretary
- V. S. Ganesh
- Managing Director, Executive Director
- Shamir Genomal
- Deputy Managing Director, Executive Director
- Cariappa M. C.
- Chief Strategy Officer
Prices are delayed and for information only. Nothing on this page is investment advice.