Page Industries Ltd
NSE: PAGEIND · Garments & Apparels · sector
₹33,910.00NSE close 2026-10-26
Key numbers
Market cap₹37,823 cr
Price₹33,910.00
52w high / low₹43,855 / ₹29,805
P/E50.0xSector median 15.0x
P/B25.2xSector median 1.5x
Book value₹1,347.2
Dividend yield1.77%Sector median 0.84%
ROE52.0%Sector median 10.6%
ROCE70.2%Sector median 9.9%
OPM20.8%Sector median 8.6%
Debt / equity0.01xSector median 0.33x
EV/EBITDA33.6xSector median 9.3x
Interest cover21.4x
Current ratio1.72x
Sales growth 3y+3.1%Sector median +6.2%
Profit growth 3y+10.2%Sector median +11.5%
PEG4.93x
Last 12 months to Jun 2026, Standalone. "Sector median" = middle value of 43 companies in Garments & Apparels (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹432 cr vs borrowings ₹12 cr (FY26): cash is higher (net cash).
- Operating profit covered interest 21.4x in the last 12 months.
- No promoter shares are pledged.
- Operating cash flow was below net profit in 2 of the last 5 years (FY23, FY22).
- Revenue was higher than a year earlier in 4 of the last 4 quarters.
- Other income was 8% of net profit in the last 12 months.
- Dividend paid in 4 of the last 5 financial years.
- Price ₹33,910.00 on 2026-10-26: -22.7% from the 52-week high, +13.8% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹49,173.05 · low ₹30,200.00
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,246 | 1,313 | 1,098 | 1,317 | 1,291 | 1,387 | 1,253 | 1,420 |
| EBITDA | 281 | 303 | 235 | 295 | 280 | 283 | 261 | 289 |
| OPM % | 22.6% | 23.0% | 21.4% | 22.4% | 21.7% | 20.4% | 20.8% | 20.3% |
| Other income | 15 | 14 | 20 | 15 | 19 | 12 | 17 | 11 |
| Net profit | 195 | 205 | 164 | 201 | 195 | 190 | 179 | 193 |
| EPS (₹) | 175.06 | 183.48 | 147.04 | 180.02 | 174.62 | 169.93 | 160.24 | 172.86 |
| Revenue YoY | +3.6% | +5.6% | +14.1% | +7.9% | ||||
| Profit YoY | -0.3% | -7.4% | +9.0% | -4.0% |
Standalone figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 3,886 | 4,789 | 4,582 | 4,935 | 5,247 | 5,351 |
| EBITDA | 785 | 863 | 872 | 1,063 | 1,118 | 1,112 |
| Net profit | 537 | 571 | 569 | 729 | 764 | 756 |
| EPS (₹) | 481.03 | 512.15 | 510.31 | 653.71 | 684.81 | 677.65 |
| Revenue growth | +23.2% | -4.3% | +7.7% | +6.3% | +7.6% | |
| Profit growth | +6.5% | -0.4% | +28.1% | +4.8% | -1.2% | |
| Dividend / share (₹) | – | 190.00 | 310.00 | 820.00 | 600.00 |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | +3.1% | +13.1% | +7.6% |
| Net profit | +10.2% | +17.5% | -1.2% |
| EPS | +10.2% | +17.5% | – |
| Share price | – | -11.5% (2y) | -16.1% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 1,371 | 1,597 | 1,407 | 1,503 |
| Borrowings | – | 248 | 0 | 0 | 12 |
| Cash & equivalents | – | 8 | 321 | 471 | 432 |
| Total assets | – | 2,693 | 2,683 | 2,643 | 2,856 |
| Fixed assets | – | 483 | 484 | 753 | 630 |
| Capital work in progress | – | 150 | 239 | 72 | 1 |
| Investments | – | 0 | 0 | 0 | 0 |
| Receivables | – | 146 | 159 | 192 | 201 |
| Inventory | – | 1,595 | 1,170 | 859 | 1,056 |
| Payables | – | 288 | 220 | 255 | 323 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | 327 | -2 | 1,080 | 1,204 | 794 |
| Cash from investing | 119 | 31 | -370 | 12 | -21 |
| Cash from financing | -396 | -174 | -621 | -1,010 | -744 |
| Capex | 98 | 166 | 96 | 80 | 108 |
| Free cash flow | 229 | -167 | 984 | 1,124 | 687 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | 41.7% | 35.6% | 51.8% | 50.8% |
| ROCE % | – | 49.4% | 50.2% | 72.8% | 71.0% |
| Debtor days | – | 11 | 13 | 14 | 14 |
| Inventory days | – | 269 | 205 | 147 | 178 |
| Payable days | – | 48 | 39 | 44 | 55 |
| Cash conversion cycle (days) | – | 232 | 179 | 117 | 137 |
| Working capital days | – | 59 | 75 | 54 | 56 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 42.89% |
| FIIs | 18.79% |
| DIIs | 32.92% |
| of which Mutual funds | 22.79% |
| of which Insurance | 6.02% |
| Government | 0.00% |
| Public (non-institutions) | 5.41% |
| Quarter | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 42.89% | 42.89% | 42.89% | 42.89% | 42.89% | 42.89% | 42.89% | 42.89% |
| Promoter group | % |
|---|---|
| Ramesh Genomal | 14.29% |
| Sunder Genomal | 11.23% |
| Sanjeev Naraindas Genomal | 4.86% |
| Sadhna Vijay Hirdaramani | 3.43% |
| Simran Keshav Mahtani | 3.43% |
| Dharmesh Naraindas Genomal | 2.57% |
| Madhuri Genomal | 1.23% |
| Shamir Genomal | 0.62% |
| Pamela Kirpalani | 0.61% |
| Rohan Genomal | 0.61% |
| Shahendar Ramesh Genomal | 0.00% |
| Public holders above 1% | % |
|---|---|
| Sbi Aggressive Hybrid Fund | 8.97% |
| Nalanda India Fund Limited | 4.81% |
| Icici Prudential Multi-Asset Fund | 3.97% |
| Nps Trust- A/C Sbi Pension Fund Scheme - State Govt | 3.59% |
| Nippon Life India Trustee Ltd-A/C Nippon India Multi Cap Fund | 2.67% |
| Axis Mutual Fund Trustee Limited A/C Axis Mutual Fund A/C Axis Midcap Fund | 1.74% |
| Icici Prudential Life Insurance Company Limited | 1.56% |
| Life Insurance Corporation Of India | 1.42% |
| Dsp Mid Cap Fund | 1.20% |
| Sbi Life Insurance Co. Ltd | 1.12% |
52,090 shareholders. Pledged: 0.00% of promoter shares.
Peers in Garments & Apparels
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| PAGEIND | ₹37,823 cr | 50.0x | 25.2x | 52.0% | 70.2% | 20.8% | +3.1% | 1.77% |
| ARVIND | ₹12,646 cr | 30.5x | 3.1x | 10.6% | 14.2% | 10.5% | +3.5% | 0.82% |
| PGIL | ₹11,177 cr | 36.0x | 7.7x | 23.7% | 21.2% | 9.6% | +16.7% | 0.54% |
| GOKEX | ₹4,743 cr | 46.0x | 2.2x | 4.9% | 8.9% | 8.8% | +21.5% | – |
| LUXIND | ₹3,206 cr | 30.1x | 1.8x | 5.7% | 7.5% | 6.2% | +7.2% | 0.05% |
| SBC | ₹3,034 cr | 75.0x | 30.3x | 47.3% | 15.2% | 8.6% | +27.2% | – |
| KKCL | ₹2,604 cr | 17.6x | 2.8x | 16.8% | 22.9% | 19.9% | +15.9% | 0.96% |
| KITEX | ₹2,206 cr | – | 2.1x | -2.8% | 1.0% | 3.5% | +6.2% | 0.45% |
| SPAL | ₹2,085 cr | 19.8x | 2.2x | 11.7% | 14.3% | 14.1% | +13.6% | 0.24% |
| CANTABIL | ₹2,081 cr | 21.4x | 4.3x | 22.4% | 37.4% | 31.5% | +15.6% | 0.50% |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2026-08-19 | Dividend | Interim Dividend - Rs 200 Per Share |
| 2026-05-27 | Dividend | Interim Dividend - Rs 150 Per Share |
| 2026-02-11 | Dividend | Interim Dividend - Rs 125 Per Share |
| 2025-11-19 | Dividend | Interim Dividend - Rs 125 Per Share |
| 2025-08-13 | Dividend | Interim Dividend - Rs 150 Per Share |
| 2025-05-21 | Dividend | Interim Dividend - Rs 200 Per Share |
| 2025-02-13 | Dividend | Interim Dividend - Rs 150 Per Share |
| 2024-11-14 | Dividend | Interim Dividend - Rs 250 Per Share |
| 2024-08-16 | Dividend | Interim Dividend - Rs 300 Per Share |
| 2024-07-31 | Other | Annual General Meeting |
| 2024-05-31 | Dividend | Interim Dividend - Rs 120 Per Share |
| 2024-02-16 | Dividend | Interim Dividend - Rs 100 Per Share |
| 2023-11-17 | Dividend | Interim Dividend - Rs 75 Per Share |
| 2023-08-18 | Dividend | Interim Dividend - Rs 75 Per Share |
| 2023-08-02 | Other | Annual General Meeting |
| 2023-06-02 | Dividend | Interim Dividend - Rs 60 Per Share |
| 2023-02-17 | Dividend | Interim Dividend - Rs 60 Per Share |
| 2022-11-17 | Dividend | Interim Dividend - Rs 70 Per Share |
| 2022-08-18 | Dividend | Interim Dividend - Rs 60 Per Share |
| 2022-08-02 | Other | Annual General Meeting |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Annual report FY22
- Announcements NSE filings
- BRSR FY26
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
- Manufacture of textile garments and clothing accessories: PIL holds the license for the manufacturing, operations, and marketing of JOCKEY-branded products across India, Sri Lanka, Bangladesh, Nepal, Kuwait, Oman, Qatar, Maldives, Bhutan, the UAE, Saudi Arabia and Bahrain. The Company is also the exclusive licensee of Speedo International Ltd. in India for the manufacturing, marketing, and distribution of Speedobranded products.
| Sector | Consumer Discretionary |
| Industry | Garments & Apparels |
| Sub-industry | Garments & Apparels |
| Symbol | PAGEIND |
| BSE code | 532827 |
| ISIN | INE761H01022 |
| Face value | ₹10.0 |
| Incorporated | 1994-11-15 |
| Website | www.jockey.in |
| Plants (India / abroad) | 17 / 0 |
From the company's filings (BRSR FY26).
Data built 2026-10-22 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.