Makes and distributes ready-made garments for men, women and children from Tiruppur, with a strong tilt to exports. Domestic operations push festive and seasonal collections through wholesalers, distributors and retail partners across Tamil Nadu, Kerala, Karnataka, Andhra Pradesh and Telangana, with wholesale expansion underway beyond Tiruppur and Surat into Tamil Nadu. Exports run through a wholly owned subsidiary and dominate the order book, with an order book of around Rs 235 crore at Q1 FY27, of which over Rs 230 crore was export orders. Products include dyed and printed fabrics, made-ups and dress material, with annual export revenue exceeding Rs 130 crore in FY26. The cost book is dominated by raw materials and traded goods, with materials cost of Rs 268.48 crore in FY26 being 102.5% of consolidated revenue. Consolidated revenue rose 97.9% YoY in FY26 while net profit was Rs 4.47 crore, a 1.7% net margin. AR · MarketPing reader · 2026-08-03
Revenue streams, as the annual report describes them. Domestic apparel sales, Exports of fabrics and made-ups. Low-margin, export-tilted apparel manufacturing and distribution with weak profitability
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 204 | 172 | 164 | 132 | 262 |
| EBITDA (ex other income) | 9 | 6 | 8 | 8 | 2 |
| margin % | 4.4 | 3.5 | 5.0 | 5.9 | 0.7 |
| Owners' profit | 3 | 1 | 3 | 3 | 5 |
| EPS, as reported (₹) | 3.85 | 0.09 | 0.26 | 0.15 | 0.13 |
| ROE % · ROCE % | 10.0 · 18.3 | 2.6 · 13.4 | 6.7 · 16.8 | 7.1 · 13.7 | 5.5 · 10.7 |
| Debt / equity (x) | 1.21 | 1.17 | 2.10 | 0.79 | 0.26 |
| Cash from operations | 8 | 6 | 3 | 15 | (27) |
| Capex | 0 | 0 | (0) | (0) | 0 |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 35 | 22 | 35 | 37 | 65 | 99 | 61 | 62 |
| Profit before tax | 1 | 0 | 2 | 3 | 4 | 6 | (6) | 4 |
| Net profit | 1 | 0 | 1 | 2 | 3 | 4 | (5) | 3 |
| EPS (₹) | 0.07 | 0.01 | 0.07 | 0.07 | 0.09 | 0.13 | 0.12 | 0.05 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| PAGE INDUSTRIES LTD | 39,474 | 52.2 | 26.27 | — | 50.8 | 58.6 | — | 21.1 |
| ARVIND LIMITED | 15,120 | 36.5 | 3.65 | 15.8 | 10.3 | 11.9 | 12.9 | 9.4 |
| GOKALDAS EXPORTS LTD. | 5,773 | 56.0 | 2.67 | 15.3 | 4.6 | 6.0 | 26.9 | 12.1 |
| PEARL GLOBAL IND LIMITED | 5,506 | 17.7 | 3.83 | 11.0 | 18.8 | 16.8 | 27.5 | 11.2 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 3 Sept 2026 · AGM notice published in newspapers, 15th AGM on Sep 26, 2026 | compliance | minimal | — | — |
| 1 Sept 2026 · Annual Report FY26 submission with strong revenue and profit growth | compliance | low | — | — |
| 1 Sept 2026 · 15th AGM on Sep 26, 2026; FY26 standalone profit nearly doubles | board shareholder meetings | low | — | — |
| 29 Jul 2026 · Garment Mantra Q1 FY27 results published in newspapers, profit up 36 percent | compliance | minimal | — | — |
| 28 Jul 2026 · Board approves withdrawal of investment in Twenty Twenty Trading LLP | strategic transactions | medium | — | — |
| 28 Jul 2026 · No deviation in rights issue fund use, audit committee approves | compliance | minimal | — | — |
| 28 Jul 2026 · Board approves Q1 FY27 results, appoints cost auditor for FY27 | management changes | low | — | — |
| 28 Jul 2026 · Garment Mantra Q1 FY27 PAT up 13% YoY at Rs 279 lakh; export order book Rs 230 cr | compliance | low | — | — |
| 28 Jul 2026 · Q1 FY27: Consol revenue up 67% YoY, Standalone PAT drops 49% | results | high | — | — |
| 28 Jul 2026 · Q1 FY27 results: consolidated revenue up 67%, standalone PAT falls 49% | results | medium | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions |
| LUX INDUSTRIES LIMITED |
| 3,443 |
| 32.3 |
| 1.89 |
| 19.2 |
| 5.8 |
| 7.3 |
| 8.4 |
| 8.2 |
| KEWAL KIRAN CLOTHING LTD | 3,051 | 20.6 | 2.73 | 11.2 | 13.6 | 16.6 | 32.0 | 24.0 |
| S. P. APPARELS LIMITED | 2,582 | 24.5 | 2.75 | 12.4 | 10.7 | 14.2 | 19.3 | 15.9 |
| KITEX GARMENTS LTD | 2,473 | — | 2.00 | 36.2 | (1.1) | 0.3 | 7.9 | 11.3 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 2.9 | 17.7 | 1 of 39 | 100% |
| P/B | 0.8 | 1.6 | 9 of 35 | 77% |
| ROCE | 8.0 | 8.4 | 23 of 44 | 49% |
| ROE | 5.5 | 5.8 | 21 of 37 | 44% |
| Debt / Equity | 0.3 | 0.3 | 16 of 37 | 58% |
| EBITDA margin | 7.1 | 10.4 | 24 of 35 | 32% |
| Revenue growth | 66.8 | 7.9 | 5 of 37 | 89% |
| Profit growth | 12.8 | 6.8 | 17 of 37 | 56% |
| Market cap | 65 | 158 | 29 of 44 | 35% |
| an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.
