PAGEINDTextiles

Page Industries Limited

Garments & Apparels · ISIN INE761H01022 · BSE 532827 · NSE EQ · FV ₹10
Last price
₹35,020
+2.17%today
What this company does

Page Industries Limited operates in Garments & Apparels, part of the Textiles sector. It booked ₹1,420 cr of revenue in its latest quarter (Q1 FY27) and kept 13.6% of sales as profit. It is the largest of 9 Garments & Apparels companies we track, by market value.

68out of 100
Equitytale Health Score
Solid

Healthier than 68% of listed companies we score, on all six measures of filed financials. Each measure is ranked against the 1,201–2,858 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
40

At close. Not part of the score.

Profitability & returns92

How much profit it earns on the money it employs

Balance sheet79

How much it owes, and whether earnings cover the interest

Cash quality66

Whether reported profit actually arrives as cash

Growth & consistency54

Whether sales and profit have grown, and how steadily

Valuation12

What today's price implies, against our models or its peers

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Is this company doing well?
not investment advice
Strengths
Makes a profit
Sales up 8% vs last year
Promoters hold 43%
No promoter shares pledged
Strong 51% return on equity
Virtually debt-free
Turns profit into real cash
Watch-outs
None flagged from our data

What if I invest in PAGEIND?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 15% a year, it would become
₹26.30 lakh

The slider starts at 15%, taken from this company's own free-cash-flow trend. That is history, not a forecast — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹35,020 +2.17%
latest close · 2026-09-17
1-year return
+14.9%
52-wk low ₹30,26652-wk high ₹46,738
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio50.6High
LowAverageHigh
P/B ratio26.00High
Below bookModerateHigh
EV / EBITDA32.4High
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity51.3%Strong
WeakFairStrong ▸15%
Return on capital62.0%Strong
WeakFairStrong
Net margin13.6%Decent
ThinDecentStrong
EBITDA margin21.1%Healthy
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.01Comfortable
LowModerateHigh ▸1
Interest cover21.8×Strong
RiskyOkayStrong ▸5×
Current ratio1.72Healthy
Tight ◂1HealthyAmple
More figures
Market cap
₹39,061 cr
Book value
₹1,347
EPS
₹172.86
latest quarter
Net debt
₹-255 cr
more cash than debt
Enterprise value
₹38,806 cr
EBITDA
₹1,198 cr
annualised
EBIT
₹1,084 cr
annualised
Operating margin
19.1%
Return on assets
27.0%
Earnings yield
1.97%
P/S
6.87
Sales / share
₹5,094.0
Tax rate
25.4%
Face value
₹10
Shares
1.1 cr
Working capital
₹803 cr
Current assets
₹1,911 cr
Current liabilities
₹1,108 cr
Delivery %
50.5%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the exchange filings
not investment advice
Hard to value confidentlyLow confidence
The market price is far above what these earnings- and book-based models support — a fast-growing or asset-light business can trade well above them for years, so we won't put a confident number on how overpriced it is.
Models span ₹7,089₹11,997, midpoint ₹9,543

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹1,420 cr
Other Income₹11 cr
Total Income₹1,431 cr
Cost of Materials₹284 cr
Purchases of Stock-in-Trade₹274 cr
Inventory Change (±)₹50 cr
Employee Benefit Expense₹250 cr
Finance Costs₹12 cr
Depreciation & Amortisation₹29 cr
Other Expenses₹275 cr
Total Expenses₹1,172 cr
Profit before Tax₹259 cr
Tax Expense₹66 cr
Net Profit₹193 cr
Net margin on total income13.5%
Where the money goes · Q1 FY27
% of total income
Materials + stock-in-trade₹607 cr42.4%
Employee benefit expense₹250 cr17.4%
Finance costs₹12 cr0.9%
Depreciation & amortisation₹29 cr2.0%
Other expenses₹275 cr19.2%
Tax expense₹66 cr4.6%
Profit for the period₹193 cr13.5%
Total income ₹1,431 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue1,387 cr1,253 cr1,420 cr
Total income1,399 cr1,270 cr1,431 cr
Expenses1,108 cr1,032 cr1,172 cr
Profit before tax256 cr238 cr259 cr
Tax67 cr59 cr66 cr
Net profit (owners' share)190 cr179 cr193 cr
Net margin (owners' share, on revenue)13.7%14.3%13.6%
EPS (₹)169.93160.24172.86
YoY (latest quarter): total income +7.5% · net profit -4.0%
Balance sheet & cash flow · as of Mar 2026
Debt-free
Total assets
₹2,856 cr
Shareholder equity
₹1,503 cr
parent shareholders
Total debt
₹12 cr
Cash
₹267 cr
Cash flow · H1 FY26
Operating
₹502 cr
Investing
₹-154 cr
Financing
₹-427 cr
Peer comparison
Garments & Apparels · by market value
CompanyPriceMarket capP/E
Page Industries Limitedthis company₹35,020₹39,061 cr50.6
Arvind Limited₹542₹14,198 cr66.4
Gokaldas Exports Limited₹728₹5,331 cr30.1
Pearl Global Industries Limited₹1,143₹5,279 cr13.1
Lux Industries Limited₹1,043₹3,263 cr35.4
Kewal Kiran Clothing Limited₹490₹3,036 cr20.4
S. P. Apparels Limited₹1,003₹2,522 cr25.4
Kitex Garments Limited₹121₹2,406 cr
SBC Exports Limited₹48₹2,298 cr60.3
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
1.71%
trailing 12 months
Dividend / share (TTM)
₹600
Last dividend
₹200
ex 19 Aug 2026
ActionDetailEx-date
Dividend₹200 / share19 Aug 2026
Dividend₹150 / share27 May 2026
Dividend₹125 / share11 Feb 2026
Dividend₹125 / share19 Nov 2025
Dividend₹150 / share13 Aug 2025
Dividend₹200 / share21 May 2025
Who owns it · 2026-06-30
No pledge
Promoter
42.9%
FII / Foreign
18.9%
DII / Domestic
33.6%
Retail / others
4.6%
Promoter stake down 2.2% over the last 12 quarters.
Smart-money activity
Insider trades
SoldDHARMESH N GENOMAL · Promoters247 · ₹1.1 cr2 Dec 24
SoldSIMRAN K MAHTANI · Promoters338 · ₹1.5 cr2 Dec 24
SoldSUNDER GENOMAL · Promoters1,461 · ₹6.6 cr2 Dec 24
Bulk / block deals
short · NSE4025 Aug 26
short · NSE207 Aug 26
short · NSE2028 Jul 26
Stake changes
SoldICICI Prudential Mutual Fund→ 4.78% · 2.57 L8 Jul 26
BoughtICICI Prudential Mutual Fund→ 7.09% · 2.25 L2 Mar 26
BoughtICICI Prudential Mutual Fund→ 5.07% · 15,8473 Dec 25
What shareholders were asked to approve
1 proposal passed only on promoter votes

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Yearly shareholder meeting · 13 Aug 2026
See the official result
1
Adoption of financial statement, report of the Board of Directors and Auditors
Backed by 99% of shareholders other than promotersneeded 50%
52.63 L votes for, 28,223 against · 1% of mutual funds and other big investors said no
2
Appointment of Director – Mr. V S Ganesh (DIN: 07822261)
Backed by 97% of shareholders other than promotersneeded 50%
51.20 L votes for, 1.73 L against · 3% of mutual funds and other big investors said no
3
Appointment of Director – Mr. Sanjeev Genomal (DIN: 01399731)
Backed by 97% of shareholders other than promotersneeded 50%
51.12 L votes for, 1.48 L against · 3% of mutual funds and other big investors said no
4
Appointment of Auditor
Backed by 100% of shareholders other than promotersneeded 50%
52.93 L votes for, 242 against · 0% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 11 named members
owning 42.9% between them · as of 2026-06-30
Ramesh Genomal14.29%
Sunder Genomal11.23%
Sanjeev Naraindas Genomal4.86%
Sadhna Vijay Hirdaramani3.43%
Simran Keshav Mahtani3.43%
Dharmesh Naraindas Genomal2.57%
Madhuri Genomal1.23%
Shamir Genomal0.62%

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.