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Last Updated on: 15 September, 2025
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 532827 | NSE: PAGEIND

Page Industries Ltd: Intrinsic Value & Share Price Analysis

Share Price and Basic Stock Data

Last Updated: September 15, 2025, 12:41 am

Market Cap 49,222 Cr.
Current Price 44,130
High / Low 50,590/38,850
Stock P/E64.4
Book Value 1,262
Dividend Yield2.04 %
ROCE59.4 %
ROE48.5 %
Face Value 10.0
PEG Ratio8.77

Quick Insight

With a current share price of 44,425 and a market cap of 49,497 Cr., Page Industries Ltd demonstrates strong financial performance, reflected in its high P/E ratio of 64.7 and impressive ROE and ROCE figures of 48.5% and 59.4% respectively. The company's healthy operating profit margin of 22% and substantial net profit of 729 Cr. further underscore its operational efficiency. Additionally, with a comfortable Interest Coverage Ratio of 24.24x and a solid Current Ratio of 118 days, Page Industries appears well-positioned to meet its financial obligations. Its diversified shareholder base, including significant holdings by promoters, FIIs, and DIIs, also indicates confidence in the company's growth potential. Overall, Page Industries Ltd seems to be a solid investment opportunity given its robust financial health and strong market position in the textiles industry.

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Page Industries Ltd

Competitors of Page Industries Ltd

Stock Name Market Cap Current Price High / Low Stock P/E Book Value Dividend Yield ROCE ROE Face Value
Haria Exports Ltd 6.64 Cr. 5.75 9.49/3.8747.4 12.20.00 %0.78 %0.78 % 10.0
Haria Apparels Ltd 8.49 Cr. 5.55 6.49/4.357.08 4.010.00 %15.1 %14.7 % 10.0
Garment Mantra Lifestyle Ltd 31.9 Cr. 1.59 2.35/1.0510.0 0.680.00 %7.42 %7.39 % 1.00
Cityman Ltd 20.0 Cr. 17.1 27.7/12.9 5.610.00 %4.18 %% 10.0
Bindal Exports Ltd 12.9 Cr. 28.1 28.1/26.868.0 19.40.00 %6.53 %2.01 % 10.0
Industry Average4,849.80 Cr1,618.3644.45140.150.24%12.44%16.02%7.13

All Competitor Stocks of Page Industries Ltd

Quarterly Result

MetricJun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025
Sales 1,3411,2281,2009651,2291,1251,2269921,2781,2461,3131,0981,317
Expenses 1,0439901,0078309918929998281,0349651,0118631,022
Operating Profit 298238193134239234226164243281303235295
OPM % 22%19%16%14%19%21%18%17%19%23%23%21%22%
Other Income 3327529141315142015
Interest 991014131110101211121213
Depreciation 18192021212523232223302527
Profit before tax 275213164107210199202145222262275219270
Tax % 25%24%25%26%25%25%25%25%26%26%26%25%26%
Net Profit 20716212478158150152108165195205164201
EPS in Rs 185.62145.36110.9370.24141.98134.73136.5997.01148.13175.06183.49147.04180.03

Last Updated: August 20, 2025, 5:45 am

Below is a detailed analysis of the quarterly data for Page Industries Ltd based on the most recent figures (Jun 2025) and their trends compared to the previous period:

  • For Sales, as of Jun 2025, the value is 1,317.00 Cr.. The value appears strong and on an upward trend. It has increased from 1,098.00 Cr. (Mar 2025) to 1,317.00 Cr., marking an increase of 219.00 Cr..
  • For Expenses, as of Jun 2025, the value is 1,022.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 863.00 Cr. (Mar 2025) to 1,022.00 Cr., marking an increase of 159.00 Cr..
  • For Operating Profit, as of Jun 2025, the value is 295.00 Cr.. The value appears strong and on an upward trend. It has increased from 235.00 Cr. (Mar 2025) to 295.00 Cr., marking an increase of 60.00 Cr..
  • For OPM %, as of Jun 2025, the value is 22.00%. The value appears strong and on an upward trend. It has increased from 21.00% (Mar 2025) to 22.00%, marking an increase of 1.00%.
  • For Other Income, as of Jun 2025, the value is 15.00 Cr.. The value appears to be declining and may need further review. It has decreased from 20.00 Cr. (Mar 2025) to 15.00 Cr., marking a decrease of 5.00 Cr..
  • For Interest, as of Jun 2025, the value is 13.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 12.00 Cr. (Mar 2025) to 13.00 Cr., marking an increase of 1.00 Cr..
  • For Depreciation, as of Jun 2025, the value is 27.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 25.00 Cr. (Mar 2025) to 27.00 Cr., marking an increase of 2.00 Cr..
  • For Profit before tax, as of Jun 2025, the value is 270.00 Cr.. The value appears strong and on an upward trend. It has increased from 219.00 Cr. (Mar 2025) to 270.00 Cr., marking an increase of 51.00 Cr..
  • For Tax %, as of Jun 2025, the value is 26.00%. The value appears to be increasing, which may not be favorable. It has increased from 25.00% (Mar 2025) to 26.00%, marking an increase of 1.00%.
  • For Net Profit, as of Jun 2025, the value is 201.00 Cr.. The value appears strong and on an upward trend. It has increased from 164.00 Cr. (Mar 2025) to 201.00 Cr., marking an increase of 37.00 Cr..
  • For EPS in Rs, as of Jun 2025, the value is 180.03. The value appears strong and on an upward trend. It has increased from 147.04 (Mar 2025) to 180.03, marking an increase of 32.99.

Overall, while many items appear to show a positive trend, any significant downward movement warrant further investigation.

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: August 23, 2025, 2:19 pm

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 1,1881,5431,7962,1292,5512,8522,9462,8333,8864,7144,5694,9354,974
Expenses 9311,2231,4191,7142,0102,2342,4122,3053,0993,8513,7093,8723,860
Operating Profit 2563203764155426185335287878638601,0631,114
OPM % 22%21%21%19%21%22%18%19%20%18%19%22%22%
Other Income 681024213625192115326264
Interest 15181919181734303441454647
Depreciation 141824252831616365789199104
Profit before tax 2332933433955186064624537097587569791,026
Tax % 34%33%33%33%33%35%26%25%24%25%25%25%
Net Profit 154196232266347394343341537571569729765
EPS in Rs 137.87175.74207.57238.73311.08353.19307.71305.35481.02512.15510.31653.71685.62
Dividend Payout % 44%41%41%41%42%97%52%82%77%49%72%138%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)27.27%18.37%14.66%30.45%13.54%-12.94%-0.58%57.48%6.33%-0.35%28.12%
Change in YoY Net Profit Growth (%)0.00%-8.91%-3.71%15.80%-16.91%-26.49%12.36%58.06%-51.15%-6.68%28.47%

Page Industries Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:12%
5 Years:11%
3 Years:8%
TTM:8%
Compounded Profit Growth
10 Years:14%
5 Years:16%
3 Years:11%
TTM:33%
Stock Price CAGR
10 Years:13%
5 Years:19%
3 Years:-4%
1 Year:9%
Return on Equity
10 Years:46%
5 Years:45%
3 Years:44%
Last Year:49%

Last Updated: September 5, 2025, 12:05 pm

Balance Sheet

Last Updated: June 16, 2025, 11:35 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Equity Capital 111111111111111111111111
Reserves 2783765196558367648098741,0771,3601,5861,396
Borrowings 16315795886985176127110406185262
Other Liabilities 233279321401497491517688908915901974
Total Liabilities 6868239461,1541,4121,3511,5131,7002,1072,6932,6832,643
Fixed Assets 173217217236238301406386402485488758
CWIP 4002459729286515023972
Investments 000522180000000
Other Assets 5096067298428981,0431,0791,2861,6392,0571,9561,813
Total Assets 6868239461,1541,4121,3511,5131,7002,1072,6932,6832,643

Below is a detailed analysis of the balance sheet data for Page Industries Ltd based on the most recent figures (Mar 2025) and their trends compared to the previous period:

  • For Equity Capital, as of Mar 2025, the value is 11.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2024) which recorded 11.00 Cr..
  • For Reserves, as of Mar 2025, the value is 1,396.00 Cr.. The value appears to be declining and may need further review. It has decreased from 1,586.00 Cr. (Mar 2024) to 1,396.00 Cr., marking a decrease of 190.00 Cr..
  • For Borrowings, as of Mar 2025, the value is 262.00 Cr.. The value appears to be increasing, which may not be favorable. Additionally, since Reserves exceed Borrowings, this is considered a positive sign. It has increased from 185.00 Cr. (Mar 2024) to 262.00 Cr., marking an increase of 77.00 Cr..
  • For Other Liabilities, as of Mar 2025, the value is 974.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 901.00 Cr. (Mar 2024) to 974.00 Cr., marking an increase of 73.00 Cr..
  • For Total Liabilities, as of Mar 2025, the value is 2,643.00 Cr.. The value appears to be improving (decreasing). It has decreased from 2,683.00 Cr. (Mar 2024) to 2,643.00 Cr., marking a decrease of 40.00 Cr..
  • For Fixed Assets, as of Mar 2025, the value is 758.00 Cr.. The value appears strong and on an upward trend. It has increased from 488.00 Cr. (Mar 2024) to 758.00 Cr., marking an increase of 270.00 Cr..
  • For CWIP, as of Mar 2025, the value is 72.00 Cr.. The value appears to be declining and may need further review. It has decreased from 239.00 Cr. (Mar 2024) to 72.00 Cr., marking a decrease of 167.00 Cr..
  • For Investments, as of Mar 2025, the value is 0.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2024) which recorded 0.00 Cr..
  • For Other Assets, as of Mar 2025, the value is 1,813.00 Cr.. The value appears to be declining and may need further review. It has decreased from 1,956.00 Cr. (Mar 2024) to 1,813.00 Cr., marking a decrease of 143.00 Cr..
  • For Total Assets, as of Mar 2025, the value is 2,643.00 Cr.. The value appears to be declining and may need further review. It has decreased from 2,683.00 Cr. (Mar 2024) to 2,643.00 Cr., marking a decrease of 40.00 Cr..

Notably, the Reserves (1,396.00 Cr.) exceed the Borrowings (262.00 Cr.), indicating a solid financial buffer.

Overall, while many items appear to show a positive trend, any significant downward movement or items where Borrowings exceed Reserves warrant further investigation.

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity +75167219274453230517696327-21,0801,204
Cash from Investing Activity +-49-53-26-108-238192-27-40111936-37012
Cash from Financing Activity +-27-113-189-154-188-443-378-366-396-179-621-1,010
Net Cash Flow-1141227-22113-7149-14589205

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow93.00163.00281.00327.00473.00533.00357.00401.00677.00457.00675.00-261.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days22212119211691816111314
Inventory Days337317288264191229200160208279205147
Days Payable545950474637267277503244
Cash Conversion Cycle305279259236166207183106146240185118
Working Capital Days525861573755421033594919
ROCE %64%62%62%60%64%69%53%48%67%54%45%59%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthSep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025
Promoters46.12%46.12%46.12%46.12%45.11%45.11%45.11%45.04%44.29%42.89%42.89%42.89%
FIIs25.29%24.66%22.38%21.99%21.98%21.78%20.86%20.55%20.84%22.67%23.58%24.03%
DIIs18.87%19.00%21.26%21.41%22.92%23.92%25.85%27.35%28.76%28.69%27.87%27.75%
Government0.61%0.61%0.61%0.61%0.63%0.71%0.76%0.75%0.75%0.75%0.75%0.75%
Public9.10%9.60%9.61%9.88%9.35%8.49%7.43%6.30%5.35%5.02%4.92%4.59%
No. of Shareholders80,71686,41690,8551,02,33798,08292,19284,51369,79657,51552,18150,90548,076

Shareholding Pattern Chart

No. of Shareholders

Page Industries Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
SBI Blue Chip Fund 317,000 2.51 1087.61317,0002025-04-22 15:56:550%
SBI Focused Equity Fund 190,000 2.12 651.88190,0002025-04-22 15:17:200%
SBI Equity Hybrid Fund 127,411 0.67 437.14127,4112025-04-22 15:16:470%
Nippon India Growth Fund 96,000 1.35 329.3796,0002025-04-22 17:25:230%
SBI Magnum Midcap Fund 96,000 2 329.3796,0002025-04-22 15:56:550%
Mirae Asset Large & Midcap Fund 78,347 0.8 268.8178,3472025-04-22 17:25:230%
SBI Multicap Fund 77,000 1.8 264.1877,0002025-04-22 17:25:230%
SBI Magnum Global Fund 73,000 3.96 250.4673,0002025-04-22 15:56:550%
SBI Large & Midcap Fund 72,230 1.2 247.8272,2302025-04-22 15:56:550%
UTI Flexi Cap Fund 64,993 0.9 222.9964,9932025-04-22 17:25:230%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 10.0010.0010.0010.0010.00
Basic EPS (Rs.) 653.71510.31512.15481.03305.35
Diluted EPS (Rs.) 653.71510.31512.15481.03305.35
Cash EPS (Rs.) 742.67591.73582.16539.72361.75
Book Value[Excl.RevalReserv]/Share (Rs.) 1261.621431.711229.20976.00793.33
Book Value[Incl.RevalReserv]/Share (Rs.) 1261.621431.711229.20976.00793.33
Dividend / Share (Rs.) 900.00370.00250.00370.00250.00
Revenue From Operations / Share (Rs.) 4424.384107.654293.203484.372539.86
PBDIT / Share (Rs.) 1007.89799.91786.69723.01489.58
PBIT / Share (Rs.) 918.92718.48716.68664.31433.17
PBT / Share (Rs.) 877.34678.23679.67635.44406.51
Net Profit / Share (Rs.) 653.71510.30512.15481.02305.34
PBDIT Margin (%) 22.7819.4718.3220.7419.27
PBIT Margin (%) 20.7617.4916.6919.0617.05
PBT Margin (%) 19.8216.5115.8318.2316.00
Net Profit Margin (%) 14.7712.4211.9213.8012.02
Return on Networth / Equity (%) 51.8135.6441.6649.2838.48
Return on Capital Employeed (%) 62.7845.9453.3263.2948.92
Return On Assets (%) 27.5821.2121.2125.4620.03
Total Debt / Equity (X) 0.000.000.180.000.00
Asset Turnover Ratio (%) 1.851.702.002.041.76
Current Ratio (X) 1.722.001.651.671.72
Quick Ratio (X) 0.870.750.300.630.94
Inventory Turnover Ratio (X) 1.060.811.161.320.91
Dividend Payout Ratio (NP) (%) 0.0060.7450.7662.3681.87
Dividend Payout Ratio (CP) (%) 0.0052.3844.6655.5869.10
Earning Retention Ratio (%) 0.0039.2649.2437.6418.13
Cash Earning Retention Ratio (%) 0.0047.6255.3444.4230.90
Interest Coverage Ratio (X) 24.2419.8721.2625.0518.36
Interest Coverage Ratio (Post Tax) (X) 16.7213.6814.8417.6612.45
Enterprise Value (Cr.) 47229.7238079.8942551.0147893.6233401.99
EV / Net Operating Revenue (X) 9.578.318.8912.3211.79
EV / EBITDA (X) 42.0142.6848.4959.3961.17
MarketCap / Net Operating Revenue (X) 9.678.388.8412.4011.94
Retention Ratios (%) 0.0039.2549.2337.6318.12
Price / BV (X) 33.9024.0530.8644.2538.24
Price / Net Operating Revenue (X) 9.678.388.8412.4011.94
EarningsYield 0.010.010.010.010.01

After reviewing the key financial ratios for Page Industries Ltd, here is a detailed analysis based on the latest available data and recent trends:

  • For FaceValue, as of Mar 25, the value is 10.00. This value is within the healthy range. There is no change compared to the previous period (Mar 24) which recorded 10.00.
  • For Basic EPS (Rs.), as of Mar 25, the value is 653.71. This value is within the healthy range. It has increased from 510.31 (Mar 24) to 653.71, marking an increase of 143.40.
  • For Diluted EPS (Rs.), as of Mar 25, the value is 653.71. This value is within the healthy range. It has increased from 510.31 (Mar 24) to 653.71, marking an increase of 143.40.
  • For Cash EPS (Rs.), as of Mar 25, the value is 742.67. This value is within the healthy range. It has increased from 591.73 (Mar 24) to 742.67, marking an increase of 150.94.
  • For Book Value[Excl.RevalReserv]/Share (Rs.), as of Mar 25, the value is 1,261.62. It has decreased from 1,431.71 (Mar 24) to 1,261.62, marking a decrease of 170.09.
  • For Book Value[Incl.RevalReserv]/Share (Rs.), as of Mar 25, the value is 1,261.62. It has decreased from 1,431.71 (Mar 24) to 1,261.62, marking a decrease of 170.09.
  • For Dividend / Share (Rs.), as of Mar 25, the value is 900.00. This value exceeds the healthy maximum of 3. It has increased from 370.00 (Mar 24) to 900.00, marking an increase of 530.00.
  • For Revenue From Operations / Share (Rs.), as of Mar 25, the value is 4,424.38. It has increased from 4,107.65 (Mar 24) to 4,424.38, marking an increase of 316.73.
  • For PBDIT / Share (Rs.), as of Mar 25, the value is 1,007.89. This value is within the healthy range. It has increased from 799.91 (Mar 24) to 1,007.89, marking an increase of 207.98.
  • For PBIT / Share (Rs.), as of Mar 25, the value is 918.92. This value is within the healthy range. It has increased from 718.48 (Mar 24) to 918.92, marking an increase of 200.44.
  • For PBT / Share (Rs.), as of Mar 25, the value is 877.34. This value is within the healthy range. It has increased from 678.23 (Mar 24) to 877.34, marking an increase of 199.11.
  • For Net Profit / Share (Rs.), as of Mar 25, the value is 653.71. This value is within the healthy range. It has increased from 510.30 (Mar 24) to 653.71, marking an increase of 143.41.
  • For PBDIT Margin (%), as of Mar 25, the value is 22.78. This value is within the healthy range. It has increased from 19.47 (Mar 24) to 22.78, marking an increase of 3.31.
  • For PBIT Margin (%), as of Mar 25, the value is 20.76. This value exceeds the healthy maximum of 20. It has increased from 17.49 (Mar 24) to 20.76, marking an increase of 3.27.
  • For PBT Margin (%), as of Mar 25, the value is 19.82. This value is within the healthy range. It has increased from 16.51 (Mar 24) to 19.82, marking an increase of 3.31.
  • For Net Profit Margin (%), as of Mar 25, the value is 14.77. This value exceeds the healthy maximum of 10. It has increased from 12.42 (Mar 24) to 14.77, marking an increase of 2.35.
  • For Return on Networth / Equity (%), as of Mar 25, the value is 51.81. This value is within the healthy range. It has increased from 35.64 (Mar 24) to 51.81, marking an increase of 16.17.
  • For Return on Capital Employeed (%), as of Mar 25, the value is 62.78. This value is within the healthy range. It has increased from 45.94 (Mar 24) to 62.78, marking an increase of 16.84.
  • For Return On Assets (%), as of Mar 25, the value is 27.58. This value is within the healthy range. It has increased from 21.21 (Mar 24) to 27.58, marking an increase of 6.37.
  • For Total Debt / Equity (X), as of Mar 25, the value is 0.00. This value is within the healthy range. There is no change compared to the previous period (Mar 24) which recorded 0.00.
  • For Asset Turnover Ratio (%), as of Mar 25, the value is 1.85. It has increased from 1.70 (Mar 24) to 1.85, marking an increase of 0.15.
  • For Current Ratio (X), as of Mar 25, the value is 1.72. This value is within the healthy range. It has decreased from 2.00 (Mar 24) to 1.72, marking a decrease of 0.28.
  • For Quick Ratio (X), as of Mar 25, the value is 0.87. This value is below the healthy minimum of 1. It has increased from 0.75 (Mar 24) to 0.87, marking an increase of 0.12.
  • For Inventory Turnover Ratio (X), as of Mar 25, the value is 1.06. This value is below the healthy minimum of 4. It has increased from 0.81 (Mar 24) to 1.06, marking an increase of 0.25.
  • For Dividend Payout Ratio (NP) (%), as of Mar 25, the value is 0.00. This value is below the healthy minimum of 20. It has decreased from 60.74 (Mar 24) to 0.00, marking a decrease of 60.74.
  • For Dividend Payout Ratio (CP) (%), as of Mar 25, the value is 0.00. This value is below the healthy minimum of 20. It has decreased from 52.38 (Mar 24) to 0.00, marking a decrease of 52.38.
  • For Earning Retention Ratio (%), as of Mar 25, the value is 0.00. This value is below the healthy minimum of 40. It has decreased from 39.26 (Mar 24) to 0.00, marking a decrease of 39.26.
  • For Cash Earning Retention Ratio (%), as of Mar 25, the value is 0.00. This value is below the healthy minimum of 40. It has decreased from 47.62 (Mar 24) to 0.00, marking a decrease of 47.62.
  • For Interest Coverage Ratio (X), as of Mar 25, the value is 24.24. This value is within the healthy range. It has increased from 19.87 (Mar 24) to 24.24, marking an increase of 4.37.
  • For Interest Coverage Ratio (Post Tax) (X), as of Mar 25, the value is 16.72. This value is within the healthy range. It has increased from 13.68 (Mar 24) to 16.72, marking an increase of 3.04.
  • For Enterprise Value (Cr.), as of Mar 25, the value is 47,229.72. It has increased from 38,079.89 (Mar 24) to 47,229.72, marking an increase of 9,149.83.
  • For EV / Net Operating Revenue (X), as of Mar 25, the value is 9.57. This value exceeds the healthy maximum of 3. It has increased from 8.31 (Mar 24) to 9.57, marking an increase of 1.26.
  • For EV / EBITDA (X), as of Mar 25, the value is 42.01. This value exceeds the healthy maximum of 15. It has decreased from 42.68 (Mar 24) to 42.01, marking a decrease of 0.67.
  • For MarketCap / Net Operating Revenue (X), as of Mar 25, the value is 9.67. This value exceeds the healthy maximum of 3. It has increased from 8.38 (Mar 24) to 9.67, marking an increase of 1.29.
  • For Retention Ratios (%), as of Mar 25, the value is 0.00. This value is below the healthy minimum of 30. It has decreased from 39.25 (Mar 24) to 0.00, marking a decrease of 39.25.
  • For Price / BV (X), as of Mar 25, the value is 33.90. This value exceeds the healthy maximum of 3. It has increased from 24.05 (Mar 24) to 33.90, marking an increase of 9.85.
  • For Price / Net Operating Revenue (X), as of Mar 25, the value is 9.67. This value exceeds the healthy maximum of 3. It has increased from 8.38 (Mar 24) to 9.67, marking an increase of 1.29.
  • For EarningsYield, as of Mar 25, the value is 0.01. This value is below the healthy minimum of 5. There is no change compared to the previous period (Mar 24) which recorded 0.01.

Overall, while many metrics show healthy performance, any figures highlighted in red or significant downward trends warrant further investigation.

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Page Industries Ltd as of September 15, 2025 is: 32,177.14

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of September 15, 2025, Page Industries Ltd is Overvalued by 27.09% compared to the current share price 44,130.00

Intrinsic Value of Page Industries Ltd as of September 15, 2025 is: 34,540.73

Calculation basis:

  • Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of September 15, 2025, Page Industries Ltd is Overvalued by 21.73% compared to the current share price 44,130.00

Last 5 Year EPS CAGR: 7.35%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The stock has a high average ROCE of 58.92%, which is a positive sign.
  2. The company has higher reserves (877.50 cr) compared to borrowings (160.25 cr), indicating strong financial stability.
  3. The company has shown consistent growth in sales (2.46 cr) and profit (500.46 cr) over the years.
  1. The stock has a high average Working Capital Days of 44.33, which may not be favorable.
  2. The stock has a high average Cash Conversion Cycle of 202.50, which may not be favorable.

Stock Analysis

  • Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Page Industries Ltd:
    1. Net Profit Margin: 14.77%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: 62.78% (Industry Average ROCE: 12.44%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. ROE%: 51.81% (Industry Average ROE: 16.02%)
      • ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
    4. Interest Coverage Ratio (Post Tax): 16.72
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    5. Quick Ratio: 0.87
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    6. Stock P/E: 64.4 (Industry average Stock P/E: 44.45)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    7. Total Debt / Equity: 0
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
    Stock Rating:

About the Company - Qualitative Analysis

Page Industries Ltd. is a Public Limited Listed company incorporated on 15/11/1994 and has its registered office in the State of Karnataka, India. Company's Corporate Identification Number(CIN) is L18101KA1994PLC016554 and registration number is 016554. Currently Company is involved in the business activities of Manufacture of all types of textile garments and clothing accessories. Company's Total Operating Revenue is Rs. 4934.91 Cr. and Equity Capital is Rs. 11.15 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Textiles - Readymade ApparelsCessna Business Park, Tower-1, 7th Floor, Bengaluru Karnataka 560103investors@jockeyindia.com
http://www.jockey.in
Management
NamePosition Held
Mr. Sunder GenomalChairman
Mr. V S GaneshManaging Director
Mr. Shamir GenomalDeputy Managing Director
Mr. Ramesh GenomalNon Executive Director
Mr. Christopher Carroll SmithNon Executive Director
Mr. Sanjeev GenomalNon Executive Director
Mr. Rohan GenomalNon Executive Director
Mr. Varun BerryIndependent Director
Mr. Jignesh BhateIndependent Director
Mr. Arif VazirallyIndependent Director
Dr. Shravan SubramanyamIndependent Director
Ms. Naina Krishna MurthyIndependent Director
Mr. Suresh Eshwara PrabhalaIndependent Director
Mr. Dinesh Ramkrishin MalkaniIndependent Director

FAQ

What is the intrinsic value of Page Industries Ltd?

Page Industries Ltd's intrinsic value (as of 14 September 2025) is 32177.14 which is 27.09% lower the current market price of 44,130.00, indicating overvalued. Calculated using the PE ratio method, this valuation considers the company's ₹49,222 Cr. market cap, FY2025-2026 high/low of 50,590/38,850, reserves of ₹1,396 Cr, and liabilities of 2,643 Cr.

What is the Market Cap of Page Industries Ltd?

The Market Cap of Page Industries Ltd is 49,222 Cr..

What is the current Stock Price of Page Industries Ltd as on 14 September 2025?

The current stock price of Page Industries Ltd as on 14 September 2025 is 44,130.

What is the High / Low of Page Industries Ltd stocks in FY 2025-2026?

In FY 2025-2026, the High / Low of Page Industries Ltd stocks is 50,590/38,850.

What is the Stock P/E of Page Industries Ltd?

The Stock P/E of Page Industries Ltd is 64.4.

What is the Book Value of Page Industries Ltd?

The Book Value of Page Industries Ltd is 1,262.

What is the Dividend Yield of Page Industries Ltd?

The Dividend Yield of Page Industries Ltd is 2.04 %.

What is the ROCE of Page Industries Ltd?

The ROCE of Page Industries Ltd is 59.4 %.

What is the ROE of Page Industries Ltd?

The ROE of Page Industries Ltd is 48.5 %.

What is the Face Value of Page Industries Ltd?

The Face Value of Page Industries Ltd is 10.0.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Page Industries Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE