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Last Updated: March 6, 2026, 2:56 am
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: March 6, 2026, 2:56 am

Market Cap 35,163 Cr.
Current Price 31,525
Intrinsic Value₹24,461.67
High / Low 50,590/30,575
Stock P/E45.4
Book Value 1,263
Dividend Yield2.85 %
ROCE59.4 %
ROE48.5 %
Face Value 10.0
PEG Ratio6.58

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

View Share Price Target for Page Industries Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Page Industries Ltd 35,163 Cr. 31,525 50,590/30,57545.4 1,2632.85 %59.4 %48.5 % 10.0
Swan Energy Ltd 14,247 Cr. 454 810/36222.4 2340.02 %14.3 %11.1 % 1.00
Pearl Global Industries Ltd 7,199 Cr. 1,560 1,993/87527.6 2790.74 %22.1 %24.3 % 5.00
Arvind Fashions Ltd 5,705 Cr. 427 579/320 74.30.37 %16.9 %3.63 % 4.00
Gokaldas Exports Ltd 4,585 Cr. 625 1,060/53139.2 2940.00 %10.6 %8.16 % 5.00
Industry Average3,789.95 Cr1,188.7934.15143.320.29%11.30%15.68%7.21

All Competitor Stocks of Page Industries Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 1,2009651,2291,1251,2269921,2781,2461,3131,0981,3171,2911,387
Expenses 1,0078309918929998281,0349651,0118631,0221,0111,069
Operating Profit 193134239234226164243281303235295280318
OPM % 16%14%19%21%18%17%19%23%23%21%22%22%23%
Other Income 2752914131514201519-23
Interest 10141311101012111212131313
Depreciation 20212125232322233025272527
Profit before tax 164107210199202145222262275219270261256
Tax % 25%26%25%25%25%25%26%26%26%25%26%25%26%
Net Profit 12478158150152108165195205164201195190
EPS in Rs 110.9370.24141.98134.73136.5997.01148.13175.06183.49147.04180.03174.61169.93

Last Updated: March 3, 2026, 3:53 pm

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

  • For Sales, as of Dec 2025, the value is 1,387.00 Cr.. The value appears strong and on an upward trend. It has increased from 1,291.00 Cr. (Sep 2025) to 1,387.00 Cr., marking an increase of 96.00 Cr..
  • For Expenses, as of Dec 2025, the value is 1,069.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 1,011.00 Cr. (Sep 2025) to 1,069.00 Cr., marking an increase of 58.00 Cr..
  • For Operating Profit, as of Dec 2025, the value is 318.00 Cr.. The value appears strong and on an upward trend. It has increased from 280.00 Cr. (Sep 2025) to 318.00 Cr., marking an increase of 38.00 Cr..
  • For OPM %, as of Dec 2025, the value is 23.00%. The value appears strong and on an upward trend. It has increased from 22.00% (Sep 2025) to 23.00%, marking an increase of 1.00%.
  • For Other Income, as of Dec 2025, the value is -23.00 Cr.. The value appears to be declining and may need further review. It has decreased from 19.00 Cr. (Sep 2025) to -23.00 Cr., marking a decrease of 42.00 Cr..
  • For Interest, as of Dec 2025, the value is 13.00 Cr.. The value remains steady. There is no change compared to the previous period (Sep 2025) which recorded 13.00 Cr..
  • For Depreciation, as of Dec 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. (Sep 2025) to 27.00 Cr., marking an increase of 2.00 Cr..
  • For Profit before tax, as of Dec 2025, the value is 256.00 Cr.. The value appears to be declining and may need further review. It has decreased from 261.00 Cr. (Sep 2025) to 256.00 Cr., marking a decrease of 5.00 Cr..
  • For Tax %, as of Dec 2025, the value is 26.00%. The value appears to be increasing, which may not be favorable. It has increased from 25.00% (Sep 2025) to 26.00%, marking an increase of 1.00%.
  • For Net Profit, as of Dec 2025, the value is 190.00 Cr.. The value appears to be declining and may need further review. It has decreased from 195.00 Cr. (Sep 2025) to 190.00 Cr., marking a decrease of 5.00 Cr..
  • For EPS in Rs, as of Dec 2025, the value is 169.93. The value appears to be declining and may need further review. It has decreased from 174.61 (Sep 2025) to 169.93, marking a decrease of 4.68.

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: February 25, 2026, 7:46 am

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 1,1881,5431,7962,1292,5512,8522,9462,8333,8864,7144,5694,9355,092
Expenses 9311,2231,4191,7142,0102,2342,4122,3053,0993,8513,7093,8723,965
Operating Profit 2563203764155426185335287878638601,0631,128
OPM % 22%21%21%19%21%22%18%19%20%18%19%22%22%
Other Income 681024213625192115326232
Interest 15181919181734303441454650
Depreciation 141824252831616365789199103
Profit before tax 2332933433955186064624537097587569791,006
Tax % 34%33%33%33%33%35%26%25%24%25%25%25%
Net Profit 154196232266347394343341537571569729749
EPS in Rs 137.87175.74207.57238.73311.08353.19307.71305.35481.02512.15510.31653.71671.61
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: December 10, 2025, 3:12 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 11111111111111111111111111
Reserves 2783765196558367648098741,0771,3601,5861,3961,398
Borrowings 16315795886985176127110406185262268
Other Liabilities 2332793214014974915176889089159019741,089
Total Liabilities 6868239461,1541,4121,3511,5131,7002,1072,6932,6832,6432,766
Fixed Assets 173217217236238301406386402485488758768
CWIP 400245972928651502397292
Investments 0005221800000000
Other Assets 5096067298428981,0431,0791,2861,6392,0571,9561,8131,906
Total Assets 6868239461,1541,4121,3511,5131,7002,1072,6932,6832,6432,766

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

  • For Equity Capital, as of Sep 2025, the value is 11.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2025) which recorded 11.00 Cr..
  • For Reserves, as of Sep 2025, the value is 1,398.00 Cr.. The value appears strong and on an upward trend. It has increased from 1,396.00 Cr. (Mar 2025) to 1,398.00 Cr., marking an increase of 2.00 Cr..
  • For Borrowings, as of Sep 2025, the value is 268.00 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 262.00 Cr. (Mar 2025) to 268.00 Cr., marking an increase of 6.00 Cr..
  • For Other Liabilities, as of Sep 2025, the value is 1,089.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 974.00 Cr. (Mar 2025) to 1,089.00 Cr., marking an increase of 115.00 Cr..
  • For Total Liabilities, as of Sep 2025, the value is 2,766.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 2,643.00 Cr. (Mar 2025) to 2,766.00 Cr., marking an increase of 123.00 Cr..
  • For Fixed Assets, as of Sep 2025, the value is 768.00 Cr.. The value appears strong and on an upward trend. It has increased from 758.00 Cr. (Mar 2025) to 768.00 Cr., marking an increase of 10.00 Cr..
  • For CWIP, as of Sep 2025, the value is 92.00 Cr.. The value appears strong and on an upward trend. It has increased from 72.00 Cr. (Mar 2025) to 92.00 Cr., marking an increase of 20.00 Cr..
  • For Investments, as of Sep 2025, the value is 0.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2025) which recorded 0.00 Cr..
  • For Other Assets, as of Sep 2025, the value is 1,906.00 Cr.. The value appears strong and on an upward trend. It has increased from 1,813.00 Cr. (Mar 2025) to 1,906.00 Cr., marking an increase of 93.00 Cr..
  • For Total Assets, as of Sep 2025, the value is 2,766.00 Cr.. The value appears strong and on an upward trend. It has increased from 2,643.00 Cr. (Mar 2025) to 2,766.00 Cr., marking an increase of 123.00 Cr..

Notably, the Reserves (1,398.00 Cr.) exceed the Borrowings (268.00 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 Days 22212119211691816111314
Inventory Days 337317288264191229200160208279205147
Days Payable 545950474637267277503244
Cash Conversion Cycle 305279259236166207183106146240185118
Working Capital Days 525861573755421033594919
ROCE %64%62%62%60%64%69%53%48%67%54%45%59%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 46.12%46.12%45.11%45.11%45.11%45.04%44.29%42.89%42.89%42.89%42.89%42.89%
FIIs 22.38%21.99%21.98%21.78%20.86%20.55%20.84%22.67%23.58%24.03%23.20%20.71%
DIIs 21.26%21.41%22.92%23.92%25.85%27.35%28.76%28.69%27.87%27.75%28.52%30.78%
Government 0.61%0.61%0.63%0.71%0.76%0.75%0.75%0.75%0.75%0.75%0.71%0.71%
Public 9.61%9.88%9.35%8.49%7.43%6.30%5.35%5.02%4.92%4.59%4.67%4.90%
No. of Shareholders 90,8551,02,33798,08292,19284,51369,79657,51552,18150,90548,07647,10354,428

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 Equity Hybrid Fund 317,411 1.29 1047.3127,4112026-01-26 03:43:15149.12%
SBI Large Cap Fund 317,000 1.91 1045.94N/AN/AN/A
ICICI Prudential Large & Mid Cap Fund 274,572 3.3 905.95241,4302026-02-22 08:05:0513.73%
ICICI Prudential Multi Asset Fund 229,169 0.94 756.14218,3042026-02-21 02:13:534.98%
ICICI Prudential Large Cap Fund 122,953 0.53 405.68113,9162026-02-22 13:50:457.93%
SBI Large & Midcap Fund 121,443 1.07 400.772,2302025-12-07 03:51:0368.13%
Nippon India Multi Cap Fund 108,496 0.73 357.98104,4962026-02-21 16:15:513.83%
Nippon India Growth Mid Cap Fund 96,000 0.76 316.75N/AN/AN/A
SBI Midcap Fund 96,000 1.41 316.75N/AN/AN/A
DSP Mid Cap Fund 81,778 1.42 269.8394,9312026-01-26 03:43:15-13.86%

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.) 742.66591.73582.16539.72361.75
Book Value[Excl.RevalReserv]/Share (Rs.) 1261.611431.711229.20976.00793.33
Book Value[Incl.RevalReserv]/Share (Rs.) 1261.611431.711229.20976.00793.33
Dividend / Share (Rs.) 900.00370.00250.00370.00250.00
Revenue From Operations / Share (Rs.) 4424.344107.654293.203484.372539.86
PBDIT / Share (Rs.) 1007.88799.91786.69723.01489.58
PBIT / Share (Rs.) 918.91718.48716.68664.31433.17
PBT / Share (Rs.) 877.33678.23679.67635.44406.51
Net Profit / Share (Rs.) 653.70510.30512.15481.02305.34
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) 4.860.811.161.320.91
Dividend Payout Ratio (NP) (%) 125.4360.7450.7662.3681.87
Dividend Payout Ratio (CP) (%) 110.4152.3844.6655.5869.10
Earning Retention Ratio (%) -25.4339.2649.2437.6418.13
Cash Earning Retention Ratio (%) -10.4147.6255.3444.4230.90
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.) 47230.1538079.8942551.0147893.6233401.99
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 (%) -25.4339.2549.2337.6318.12
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 742.66. This value is within the healthy range. It has increased from 591.73 (Mar 24) to 742.66, marking an increase of 150.93.
  • For Book Value[Excl.RevalReserv]/Share (Rs.), as of Mar 25, the value is 1,261.61. It has decreased from 1,431.71 (Mar 24) to 1,261.61, marking a decrease of 170.10.
  • For Book Value[Incl.RevalReserv]/Share (Rs.), as of Mar 25, the value is 1,261.61. It has decreased from 1,431.71 (Mar 24) to 1,261.61, marking a decrease of 170.10.
  • 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 4,424.34. It has increased from 4,107.65 (Mar 24) to 4,424.34, marking an increase of 316.69.
  • For PBDIT / Share (Rs.), as of Mar 25, the value is 1,007.88. This value is within the healthy range. It has increased from 799.91 (Mar 24) to 1,007.88, marking an increase of 207.97.
  • For PBIT / Share (Rs.), as of Mar 25, the value is 918.91. This value is within the healthy range. It has increased from 718.48 (Mar 24) to 918.91, marking an increase of 200.43.
  • For PBT / Share (Rs.), as of Mar 25, the value is 877.33. This value is within the healthy range. It has increased from 678.23 (Mar 24) to 877.33, marking an increase of 199.10.
  • For Net Profit / Share (Rs.), as of Mar 25, the value is 653.70. This value is within the healthy range. It has increased from 510.30 (Mar 24) to 653.70, marking an increase of 143.40.
  • 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 4.86. This value is within the healthy range. It has increased from 0.81 (Mar 24) to 4.86, marking an increase of 4.05.
  • For Dividend Payout Ratio (NP) (%), as of Mar 25, the value is 125.43. This value exceeds the healthy maximum of 50. It has increased from 60.74 (Mar 24) to 125.43, marking an increase of 64.69.
  • For Dividend Payout Ratio (CP) (%), as of Mar 25, the value is 110.41. This value exceeds the healthy maximum of 50. It has increased from 52.38 (Mar 24) to 110.41, marking an increase of 58.03.
  • For Earning Retention Ratio (%), as of Mar 25, the value is -25.43. This value is below the healthy minimum of 40. It has decreased from 39.26 (Mar 24) to -25.43, marking a decrease of 64.69.
  • For Cash Earning Retention Ratio (%), as of Mar 25, the value is -10.41. This value is below the healthy minimum of 40. It has decreased from 47.62 (Mar 24) to -10.41, marking a decrease of 58.03.
  • 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 47,230.15. It has increased from 38,079.89 (Mar 24) to 47,230.15, marking an increase of 9,150.26.
  • 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 -25.43. This value is below the healthy minimum of 30. It has decreased from 39.25 (Mar 24) to -25.43, marking a decrease of 64.68.
  • 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 March 6, 2026 is: ₹22,882.07

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 March 6, 2026, Page Industries Ltd is Overvalued by 27.42% compared to the current share price ₹31,525.00

Intrinsic Value of Page Industries Ltd as of March 6, 2026 is: ₹24,461.67

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 March 6, 2026, Page Industries Ltd is Overvalued by 22.41% compared to the current share price ₹31,525.00

Last 5 Year EPS CAGR: 6.90%

*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 (917.54 cr) compared to borrowings (168.54 cr), indicating strong financial stability.
  3. The company has shown consistent growth in sales (2.54 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: 11.3%)
      • 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: 15.68%)
      • 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: 45.4 (Industry average Stock P/E: 34.15)
      • 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 560103Contact not found
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 06 March 2026) is ₹24461.67 which is 22.41% lower the current market price of ₹31,525.00, indicating overvalued. Calculated using the PE ratio method, this valuation considers the company's ₹35,163 Cr. market cap, FY2025-2026 high/low of ₹50,590/30,575, reserves of ₹1,398 Cr, and liabilities of ₹2,766 Cr.

What is the Market Cap of Page Industries Ltd?

The Market Cap of Page Industries Ltd is 35,163 Cr..

What is the current Stock Price of Page Industries Ltd as on 06 March 2026?

The current stock price of Page Industries Ltd as on 06 March 2026 is ₹31,525.

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 ₹50,590/30,575.

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

The Stock P/E of Page Industries Ltd is 45.4.

What is the Book Value of Page Industries Ltd?

The Book Value of Page Industries Ltd is 1,263.

What is the Dividend Yield of Page Industries Ltd?

The Dividend Yield of Page Industries Ltd is 2.85 %.

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
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