Companies›Consumer Discretionary›Textiles›Textiles & Apparels
NSE:PAGEIND

PAGE INDUSTRIES LTD

Textiles › Textiles & Apparels·NIFTY 200NIFTY 500NIFTY LARGEMIDCAP 250NIFTY MIDCAP 100+6
₹33,900.00
at close · 28 Oct 2026
▼ 710.00 (-2.05%)

Latest filings

  1. Company and YFT file separate appeals after Dubai Court dismissal · Regulatory & Legal
  2. Page Industries appoints Arjun Makhecha as Company Secretary · Management Changes
  3. Trading window closure from October 1, 2026 · Compliance
All filings ↓
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Snapshot

What the business is, and whether it's a good one at a fair price.

AI · written from filings

Manufactures and sells innerwear, athleisure and apparel in India as the exclusive licensee of Jockey International and Speedo. Operates 16 manufacturing plants with combined annual capacity of 280 million pieces, having opened two new plants in FY26; combined production of Jockey and Speedo crossed 229 million units. Distribution runs through 1,615 exclusive brand outlets and 893 large format stores, with e-commerce at 15% of revenue and #1 rankings on major platforms in men's and women's innerwear. FY26 revenue was ₹5,246.78 crore at an EBITDA margin of 22.5%, with Q4 volume of 54.5 million pieces growing 10.8% YoY after a two-year athleisure inventory correction. The two largest cost lines are raw materials at 22.6% of revenue (cotton flagged as the principal inflationary input) and employee cost at 18% of revenue, with a planned Q1 FY27 price hike to offset cotton inflation. Workforce is around 23,932 employees and workers, with 90% women among factory associates; 29% of energy is renewable.

Operating scale
Manufacturing plants
16FY26
Annual production capacity
280 million piecesFY26
Exclusive brand stores
1,615FY26
Large format stores
893FY26
Q4 FY26 sales volume
54.5 million piecesQ4 FY26
Workforce
approximately 23,932 employees and workers; 90% women among factory associatesFY26
Who pays it
Indian retail consumers of innerwear, athleisure, swimwear and outerwear, reached through exclusive brand stores, large format retailers and e-commerce platforms.
Biggest cost
Cotton and other raw materials at 22.6% of revenue, with cotton flagged as the principal inflationary input.
Kind of business
Brand-licensed garment manufacturing and retail; consumer-discretionary and working-capital-intensive.
Where it sits
Exclusive licensee of Jockey International (India) and Speedo; ranked #1 on major Indian e-commerce platforms in men's and women's innerwear.
Market Cap
₹37,812 Cr
P / E (TTM)
50.0×
EV / EBITDA
32.0×
Div Yield
1.77%
Growth
13.1%▲
Revenue 5y CAGR
PAT +17.5% · EBITDA +16.7%
Quality
61.5%▲
ROCE (5y median)
ROE 49.3% (5y median) · margin 22.5%
Leverage
0.01·
Debt / Equity · low
Net cash ₹255 Cr
Revenue FY21→FY26
1.9×▲
Margin +2.5 pts
₹2,833 Cr → ₹5,247 Cr
Cash conversion
1.07×▲
Operating cash ÷ profit · 5 yrs
₹3,404 Cr on ₹3,170 Cr
Moves on a normal day
0.97%·
Median daily move
Last 267 sessions · the yardstick for filing-day moves
Where it sits among 44 Garments & Apparels peersBar = share of peers beaten · tick = industry median · latest reported figures
P/E (TTM)#33/37
P/B#34/35
ROCE#1/44
ROE#1/35
Debt / Equity#6/35
EBITDA margin#6/35
Revenue growth#19/37
Profit growth#26/37

Scorecard

Measured from the filed financials, judged against its Garments & Apparels peers · as of FY26 — not investment advice

Strengths
Revenue compounding 13% a year over 5 years
Profit compounding 18% a year over 5 years
Returns on capital 61.5% (5-year median)
#1 of 44 in Garments & Apparels on the latest reported figures · up from 48.9% in FY21
Debt at 0.01× equity
lower than 85% of its 35 Garments & Apparels peers
Over 5 years it reported ₹3,170 Cr of profit and ₹3,404 Cr of operating cash — 1.07×
Profit is converting into cash
Pays out 88% of profit as dividend
Concerns
Nothing flagged in the filed numbers.

Charts

How has the market priced it — with filings on the timeline?

PAGEIND · price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Peers

How does it stack up on valuation, returns and growth?

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Financials

Quarterly & annual P&L, balance sheet, cash flow, ratios and segments.

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Ownership

Who owns it — and is the promoter stake clean?

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Common questions

Answered from PAGE INDUSTRIES LTD's filed financials and exchange disclosures

What does PAGE INDUSTRIES LTD do?

PAGE INDUSTRIES LTD is a Textiles & Apparels company listed on NSE and BSE, trading under the symbol PAGEIND.

Is PAGE INDUSTRIES LTD profitable?

Yes. Over the trailing twelve months PAGE INDUSTRIES LTD reported a net profit of ₹756 Cr on revenue of ₹5,351 Cr.

Does PAGE INDUSTRIES LTD pay a dividend?

Yes. The dividend yield is 1.77% at the current price. It paid out 88% of its profit as dividend in FY26.

Is PAGE INDUSTRIES LTD debt-free?

On a net basis, yes. It reported borrowings of ₹12 Cr on its 31 Mar 2026 balance sheet, but holds ₹255 Cr more cash than debt.

Is PAGE INDUSTRIES LTD expensive compared with its peers?

On trailing P/E, PAGE INDUSTRIES LTD ranks 33 of 37 in Garments & Apparels — cheaper than 11% of them, against an industry median of 16.2×. This is a position, not a valuation judgement.

How much does the PAGE INDUSTRIES LTD share price move in a day?

On a typical session PAGE INDUSTRIES LTD moves 0.97% — that is the median absolute close-to-close move across its last 267 trading days. MarketPing measures each filing's price reaction against it.

Where can I track PAGE INDUSTRIES LTD's announcements?

Every NSE and BSE filing by PAGE INDUSTRIES LTD appears on this page, AI-summarised, alongside the price reaction that followed it. Follow the company to get each new filing on WhatsApp within minutes.

Figures are as last reported and may lag the latest filing. Not investment advice.