NSE PAGEIND · BSE 532827 · Apparel/Accessories · NIFTY 500
Page Industries Share Price
Page Industries Overview
Where the price stands, how it has moved and how it sits against its averages.
Page Industries shares last traded at ₹37,500.00 on the NSE, up 0.23% on the day. That is 14.4% below the 52-week high of ₹43,823.90 and 25.8% above the 52-week low of ₹29,800.00. The stock trades at 61.05× earnings. Its market value is ₹41,743 Cr.
Price returns
Against the market: 1 Month ▲ +9.97% · 3 Months ▼ −6.03% · 6 Months ▲ +15.10% · This year ▲ +17.98% · 1 Year ▼ −4.23%
Shading grows with the size of the move. Prices refresh every 15 minutes while the market is open (9:15 AM–3:30 PM IST); next update from Mon 28 Sep, 9:15 AM.
Moving averages — price is above 4 of 6
- 100-day average₹38,287.60 ▼ price 2.1% below
- 50-day average₹37,733.30 ▼ price 0.6% below
- Today's price₹37,500.00
- 300-day average₹36,398.59 ▲ price 3.0% above
- 5-day average₹35,759.00 ▲ price 4.9% above
- 20-day average₹35,682.00 ▲ price 5.1% above
- 10-day average₹35,580.00 ▲ price 5.4% above
Averages above today's price sit higher on the ladder. Price above most of its averages is usually read as an upward trend.
Page Industries Financial Results
Revenue and net profit in ₹ crore, with the full statements underneath.
Year by year
| Fiscal year | Revenue | Growth | Net profit | Net margin | EPS | Dividend |
|---|---|---|---|---|---|---|
| FY 2026 | ₹5,247 Cr | ▲ +6.3% | ₹764 Cr | 14.6% | ₹684.81 | ₹550.00 |
| FY 2025 | ₹4,935 Cr | ▲ +7.7% | ₹729 Cr | 14.8% | ₹653.71 | ₹650.00 |
| FY 2024 | ₹4,582 Cr | ▼ −2.8% | ₹569 Cr | 12.4% | ₹510.31 | ₹370.00 |
| FY 2023 | ₹4,714 Cr | ▲ +21.3% | ₹571 Cr | 12.1% | ₹512.15 | ₹120.00 |
| FY 2022 | ₹3,886 Cr | ▲ +37.2% | ₹537 Cr | 13.8% | ₹481.03 | — |
| FY 2021 | ₹2,833 Cr | ▼ −3.8% | ₹341 Cr | 12.0% | ₹305.35 | — |
| FY 2020 | ₹2,945 Cr | — | ₹343 Cr | 11.7% | ₹307.72 | — |
Quarter by quarter
| Quarter | Revenue | vs prev. qtr | Net profit | Net margin | EPS |
|---|---|---|---|---|---|
| Q1 FY27 | ₹1,420 Cr | ▲ +13.4% | ₹193 Cr | 13.6% | ₹172.86 |
| Q4 FY26 | ₹1,253 Cr | ▼ −9.7% | ₹179 Cr | 14.3% | ₹160.24 |
| Q3 FY26 | ₹1,387 Cr | ▲ +7.4% | ₹190 Cr | 13.7% | ₹169.93 |
| Q2 FY26 | ₹1,291 Cr | ▼ −2.0% | ₹195 Cr | 15.1% | ₹174.62 |
| Q1 FY26 | ₹1,317 Cr | ▲ +19.9% | ₹201 Cr | 15.3% | ₹180.02 |
| Q4 FY25 | ₹1,098 Cr | ▼ −16.4% | ₹164 Cr | 14.9% | ₹147.04 |
| Q3 FY25 | ₹1,313 Cr | ▲ +5.4% | ₹205 Cr | 15.6% | ₹183.48 |
| Q2 FY25 | ₹1,246 Cr | — | ₹195 Cr | 15.7% | ₹175.06 |
Balance sheet — FY26
- Total assets₹2,856 Cr
- Total liabilities₹1,354 Cr
- Shareholders' equity₹1,503 Cr
- Total debt₹277 Cr
- Cash & investments₹426 Cr
- Current ratio1.72×
- Revenue growth, 5 yr13.12% a year
- EPS growth, 5 yr17.53% a year
- Operating margin (TTM)18.76%
- Net margin (TTM)14.13%
Cash flow — FY26
Right of the line = cash coming in, left = cash going out. Free cash flow = cash from operations minus capital spending.
Full financial statements, FY20–FY26
| ₹ crore | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|
| Total revenue | 2,945.42 | 2,832.96 | 3,886.47 | 4,714.19 | 4,581.67 | 4,934.91 | 5,246.78 |
| Cost of revenue | 1,602.58 | 1,525.11 | 2,080.44 | 2,511.74 | 2,423.71 | 2,502.68 | 2,573.18 |
| Gross profit | 1,342.84 | 1,307.85 | 1,806.02 | 2,202.45 | 2,157.96 | 2,432.23 | 2,673.60 |
| Operating expenses | 2,468.95 | 2,365.14 | 3,164.20 | 3,929.44 | 3,799.47 | 3,965.96 | 4,220.53 |
| Operating income | 476.48 | 467.82 | 722.27 | 784.76 | 782.20 | 968.95 | 1,026.25 |
| Depreciation | 61.36 | 62.91 | 65.47 | 78.09 | 90.83 | 99.23 | 106.63 |
| Profit before tax | 462.01 | 453.42 | 708.77 | 758.10 | 756.50 | 978.58 | 1,025.34 |
| Tax | 118.79 | 112.84 | 172.24 | 186.85 | 187.31 | 249.44 | 261.52 |
| Net profit | 343.22 | 340.58 | 536.53 | 571.25 | 569.19 | 729.14 | 763.82 |
| EPS (₹) | 307.72 | 305.35 | 481.03 | 512.15 | 510.31 | 653.71 | 684.81 |
| Dividend per share (₹) | — | — | — | 120.00 | 370.00 | 650.00 | 550.00 |
| ₹ crore | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|
| Total assets | 1,512.94 | 1,699.86 | 2,106.95 | 2,692.81 | 2,682.58 | 2,643.01 | 2,856.39 |
| Current assets | 1,014.54 | 1,225.08 | 1,568.08 | 1,964.59 | 1,875.51 | 1,742.38 | 1,910.65 |
| Cash & short-term investments | 116.72 | 434.70 | 278.97 | 0.67 | 313.97 | 461.61 | 426.25 |
| Inventory | 739.02 | 588.65 | 1,007.18 | 1,617.54 | 1,177.27 | 872.23 | 1,066.29 |
| Property, plant & equipment | 430.95 | 411.83 | 465.70 | 633.04 | 722.34 | 825.51 | 869.53 |
| Total liabilities | 693.06 | 814.98 | 1,018.32 | 1,321.76 | 1,085.65 | 1,235.82 | 1,353.79 |
| Current liabilities | 556.61 | 712.32 | 936.36 | 1,193.60 | 938.19 | 1,010.50 | 1,107.82 |
| Total debt | 176.39 | 127.05 | 109.91 | 406.40 | 184.85 | 261.81 | 276.81 |
| Total equity | 819.88 | 884.88 | 1,088.63 | 1,371.05 | 1,596.93 | 1,407.20 | 1,502.60 |
| ₹ crore | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|---|
| From operations | 516.69 | 695.89 | 326.91 | −1.61 | 1,080.47 | 1,203.59 | 794.40 |
| From investing | −26.60 | −401.05 | 118.85 | 30.78 | −369.92 | 11.66 | −21.21 |
| From financing | −377.54 | −365.93 | −396.44 | −174.08 | −621.41 | −1,010.15 | −744.22 |
| Capital expenditure | −74.74 | −15.33 | −97.96 | −165.65 | −96.09 | −79.57 | −107.87 |
| Dividends paid | −271.62 | −278.75 | −334.70 | −289.96 | −345.76 | −914.62 | −669.29 |
| Net change in cash | 112.55 | −71.10 | 49.32 | −144.92 | 89.14 | 205.10 | 28.97 |
What Analysts Say
Recommendations from 23 analysts who cover Page Industries.
▲ 14 bullish (60.9%) · 4 hold (17.4%) · ▼ 5 bearish (21.7%)
Votes
How the votes changed
| Rating | 3M ago | 2M ago | 1M ago | 1W ago | Now | 3-month change |
|---|---|---|---|---|---|---|
| Strong Buy | 3 | 4 | 4 | 4 | 4 | ▲ +1 |
| Buy | 8 | 9 | 10 | 10 | 10 | ▲ +2 |
| Hold | 6 | 5 | 4 | 4 | 4 | ▼ −2 |
| Sell | 4 | 4 | 4 | 4 | 4 | — |
| Strong Sell | 2 | 1 | 1 | 1 | 1 | ▼ −1 |
Analyst ratings are opinions, not a guarantee of returns.
Page Industries vs Peers
Side by side with other apparel/accessories companies. The small bars compare each column.
| Company | Price | Change | Market cap | P/E | P/B | ROE (5 yr) | Net margin | Div. yield | Rating |
|---|---|---|---|---|---|---|---|---|---|
| Page Industries | ₹37,500.00 | ▲ +0.23% | ₹41,743 Cr | 61.05 | 27.72 | 47.61% | 14.13% | 1.61% | This stock |
| Vardhman Textiles | ₹560.60 | ▼ −0.24% | ₹16,216 Cr | 23.48 | 1.75 | 10.52% | 7.63% | 0.79% | Moderately Bearish |
| Indo Count Industries | ₹451.20 | ▼ −5.26% | ₹8,925 Cr | 57.51 | 3.27 | 14.10% | 3.03% | 0.51% | Bullish |
| Alok Industries | ₹7.48 | ▼ −2.09% | ₹3,714 Cr | — | — | — | −20.03% | — | Moderately Bearish |
| Gokaldas Exports | ₹710.00 | ▼ −0.13% | ₹5,203 Cr | 63.14 | 2.81 | 10.98% | 2.51% | — | Bearish |
| PDS | ₹357.40 | ▼ −1.07% | ₹5,056 Cr | 46.74 | 2.90 | 15.67% | 1.35% | 0.91% | Bullish |
Rating = the data provider's overall technical view of each peer. Company names link to their own pages.
Page Industries Key Metrics
Each ratio placed against a benchmark — the sector average, the company's own 5-year average, or a common rule of thumb.
Valuation Is the price reasonable?
Profitability Of every ₹100 of sales, how much is kept?
Returns & efficiency How well does it use its money?
Growth Is the business getting bigger?
Financial strength Can it pay its bills and debts?
Per share What each share stands for
The share price is 27.95× the book value behind each share.
Benchmarks: sector averages and 5-year averages come from the data provider; the debt and liquidity bands are common rules of thumb, not investment advice.
All 110 metrics from the data provider
Valuation
Per share
Margins
Growth
Financial strength
Returns & efficiency
Price & volume
Dividends & Corporate Events
Payouts to shareholders, splits and bonus issues, and company meetings — newest first.
- Dividend yield1.61%
- Payout ratio80.31%
- Latest dividend₹200.00 per share · 19 Aug 2026
Corporate calendar
- Dividend₹200.00 per share · 2,000% · Interim dividend
- MeetingAnnual General Meeting
- BoardQuarterly Results & Interim Dividend
- Dividend₹150.00 per share · 1,500% · Interim dividend
- BoardAudited Results & Interim Dividend
- Dividend₹125.00 per share · 1,250% · Interim dividend
- BoardQuarterly Results & Interim Dividend
- Dividend₹125.00 per share · 1,250% · Interim dividend
Show 14 older events
- BoardQuarterly Results & Interim Dividend
- Dividend₹150.00 per share · 1,500% · Interim dividend
- MeetingAnnual General Meeting
- BoardQuarterly Results & Interim Dividend
- Dividend₹200.00 per share · 2,000% · Interim dividend
- BoardAudited Results & Interim Dividend
- Dividend₹150.00 per share · 1,500% · Interim dividend
- BoardQuarterly Results & Interim Dividend
- Dividend₹250.00 per share · 2,500% · Interim dividend
- BoardQuarterly Results & Interim Dividend
- MeetingPostal Ballot
- MeetingAnnual General Meeting
- MeetingPostal Ballot
- MeetingAnnual General Meeting
About Page Industries
Apparel/Accessories
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).
Key people
- Karthik YathindraChief Executive Officer
- Deepanjan BandyopadhyayChief Financial Officer
- Srinivasan KChief Operating Officer
- Benjamin RajkumarChief People Officer
- Murugesh C.Compliance Officer, Company Secretary
- V. S. GaneshManaging Director, Executive Director
Company facts
- NSE symbolPAGEIND
- BSE code532827
- ISININE761H01022
- IndustryApparel/Accessories
- IndexNIFTY 500
- Market cap₹41,743 Cr
- Revenue (FY26)₹5,247 Cr
- Net profit (FY26)₹764 Cr
In the News
Recent headlines about Page Industries — they open on Mint in a new tab.
- Page Industries bets on a future beyond innerwear even as margin pressure remains
Managing director V.S. Ganesh said that Page won’t enter a category unless it can outsell the next three competitors combined, and claims to already meet that bar in lingerie and athleisure.
17 Aug 2026 · 4 min read · Mint ↗ - Page Industries faces volume-margin tightrope after soft Q1
Temporary supply logjams and cost pressures marred Q1 for the Jockey licensee, complicating its path to a double-digit volume growth target while protecting profit margins.
14 Aug 2026 · 3 min read · Mint ↗ - Top Gainers & Losers on 13 August: Apar Industries, Hindalco, Ather Energy, Force Motors, CUB among top losers
Indian stocks slid further, driven down by weak financial participation and high crude oil prices. The Nifty decreased by 0.34% and Sensex by 0.13%, with key sectors like metals and cement seeing significant losses amid ongoing geopolitical tensions.
13 Aug 2026 · 2 min read · Mint ↗ - Stitching together growth: Modenik bets on legacy brands in India's innerwear battle
The strategy comes as India's innerwear market, particularly women's lingerie, has become one of the country's most fiercely contested apparel categories, with established retailers and digital-first brands vying for market share.
30 Jun 2026 · 3 min read · Mint ↗ - Page Industries sees volume rebound after more than three years, but at what cost?
Page Industries' Q4 results point to an end to weak demand, so much so that the company is optimistic about FY27 despite input cost inflation impacting margins.
25 May 2026 · 3 min read · Mint ↗ - Stocks to buy: Sagar Doshi suggests Varun Beverages, Max Healthcare, Page Industries shares to buy
The Indian stock market saw a marginal rise amid optimism over a potential nuclear deal with Iran. Nifty 50 advanced 0.11%, and the BSE Sensex increased by 0.17%. Despite this, Bank Nifty fell nearly 200 points, while analysts suggested specific stocks to buy.
19 May 2026 · 2 min read · Mint ↗ - BSE 400 SMID index back to pre-US-Iran war level. Is it good time to buy smallcap, midcap stocks?
Valuations in the small- and mid-cap (SMID) segment continue to appear stretched, with Nuvama Equities noting that they are nearly one standard deviation above long-term averages across key metrics.
23 Apr 2026 · 3 min read · Mint ↗ - Stock market today: From Swiggy, IRFC to RVNL— More than 700 stocks hit 52-week lows on BSE amid stock market crash
As many as 719 stocks, including Swiggy, SBI Cards and Payment Services, IRFC, RVNL, REC, Concor, DLF, Naukri, Page Industries, Procter & Gamble Hygiene and Health Care, and Shree Cement, hit their 52-week lows in intraday trade on the BSE.
4 Mar 2026 · 2 min read · Mint ↗
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