Manufactures and sells innerwear and hosiery products in India, with FY26 revenue of INR 1,259.10 crore and net profit of INR 72.49 crore at an EBITDA margin of 10.53%. Distribution runs mainly through general trade; modern trade and e-commerce together contributed 6% of 9M FY26 revenue, and exports grew 28% YoY to 4% of Q3 FY26 revenue. The mid-premium segment led volume growth, while new categories including Athleisure, Activewear and Womenswear are being built out. Materials (yarn, fabric) are the biggest cost line at 45.5% of revenue, followed by other operating expenses at 38.6% and employee costs at 5.2%. Q3 FY26 saw aggressive trade schemes compressing EBITDA margin to 8.2%, down 380 bps YoY, as discounts climbed to about 12% of revenue from a historical 8-9% range. The business carries a CRISIL AA-/stable rating on a Rs 365 crore bank facility plus Rs 180 crore commercial paper programme, with a cash surplus of INR 41 crore at end of Q3 FY26. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Innerwear and hosiery (India), Exports (4%), Modern trade and e-commerce (6%). Cyclical consumer-discretionary innerwear and hosiery brand business
| ₹ crore · consolidated | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 1,474 | 1,137 | 1,217 | 1,239 | 1,259 |
| EBITDA (ex other income) | 269 | 83 | 113 | 130 | 110 |
| margin % | 18.2 | 7.3 | 9.3 | 10.5 | 8.7 |
| Owners' profit | 0 | 0 | 70 | 0 | 0 |
| EPS, as reported (₹) | 24.12 | 6.76 | 8.77 | 10.47 | 9.12 |
| ROE % · ROCE % | 21.8 · 28.7 | 5.9 · 9.7 | 7.3 · 11.6 | 8.2 · 12.7 | 6.8 · 10.7 |
| Debt / equity (x) | 0.40 | 0.27 | 0.23 | 0.22 | 0.23 |
| Cash from operations | (116) | 185 | 156 | 59 | 45 |
| Capex | (37) | (30) | (10) | (8) | (8) |
| ₹ crore | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 297 | 316 | 415 | 184 | 320 | 314 | 441 | 202 |
| Profit before tax | 24 | 33 | 42 | 8 | 20 | 22 | 49 | 12 |
| Net profit | 18 | 24 | 31 | 6 | 14 | 16 | 36 | 8 |
| EPS (₹) | 2.32 | 2.99 | 3.85 | 0.69 | 1.82 | 2.04 | 4.55 | 1.04 |
| 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 % |
|---|---|---|---|---|
| 26 Aug 2026 · Rupa & Company files newspaper ad copies for 41st AGM notice | compliance | minimal | — | — |
| 25 Aug 2026 · Rupa & Company: 41st AGM on Sep 18, 2026; FY26 Annual Report link shared | compliance | minimal | — | — |
| 25 Aug 2026 · 41st AGM notice on Sep 18, 2026 with 300% dividend and director re-appointments | board shareholder meetings | low | — | — |
| 18 Aug 2026 · Rupa Q1 FY27 transcript: revenue up 10%, PAT jumps 50%, margin guided to 9-10% | investor communications | medium | — | — |
| 11 Aug 2026 · Audio Recording of Q1 FY26 Earnings Call Shared on Website | investor communications | low | — | — |
| 10 Aug 2026 · Rupa Q1 FY27 revenue up 10 percent PAT jumps 50 percent YoY | investor communications | medium | — | — |
| 10 Aug 2026 · Q1 FY27 results: Net profit up 78% YoY; subsidiary divestment, new CS appointed | compliance | minimal | — | — |
| 10 Aug 2026 · Rupa Q1 FY27 net profit jumps 79%, new CS appointed, subsidiary sold to promoter entity | management changes | medium | — | — |
| 10 Aug 2026 · Q1 profit up 78%, revenue up 10%; new CS appointed; subsidiary sold to promoter group | management changes | medium | — | — |
| 10 Aug 2026 · Rupa Q1 net profit up 78%, appoints new CS, divests Oban Fashions | management changes | medium | — | — |
| Where a broker report shows | This document shows | Why |
|---|
| 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) | 14.6 | 17.7 | 17 of 39 | 58% |
| P/B | 1.0 | 1.6 | 11 of 35 | 71% |
| ROCE | 8.9 | 8.4 | 21 of 44 | 54% |
| ROE | 6.8 | 5.8 | 17 of 37 | 56% |
| Debt / Equity | 0.2 | 0.3 | 14 of 37 | 64% |
| EBITDA margin | 10.4 | 10.4 | 18 of 35 | 50% |
| Revenue growth | 10.1 | 7.9 | 18 of 37 | 53% |
| Profit growth | 49.6 | 6.8 | 11 of 37 | 72% |
| Market cap | 1096 | 158 | 14 of 44 | 70% |
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions | 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.
