Page Industries Ltd.

BSE: PAGEIND532827ISIN INE761H01022

Consumer Discretionary
Garments & Apparels
BSE 200

Share price

₹35,570.10+327.00 (+0.93%)

as of 4 Nov 2026

Prices adjusted for splits and bonuses; cash dividends excluded. Volume shows actual shares traded.

52W high: ₹43,823.90
52W low: ₹29,800.00
Off 52W high: -18.83%
1M return: -5.02%
3M return: -11.11%
6M return: -5.28%
1Y return: -11.25%
20D avg volume: 1,286
50 DMA: ₹35,880.00
200 DMA: ₹36,342.38

Key ratios Standalone

Market cap: ₹39,674 Cr
Current price: ₹35,570.10
52W high / low: ₹43,823.90 / ₹29,800.00
Face value: ₹10.00
P/E: 52.49
P/B: 26.63
EPS (TTM): ₹677.64
Book value / share: ₹1,335.72
ROE: 50.72%
ROCE: 61.50%
Operating margin: 21.09%
Net margin: 13.57%
Debt / equity: 0.01
Net debt: ₹-255.38 Cr
Interest cover: 21.60
Dividend yield: 1.69%
Dividend / share (TTM): ₹600.00
Payout: 88.54%
Cash conversion cycle: 65.0 days

Financials

Metric	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24	Q2 FY24
Income statement
	1,420	1,253	1,387	1,291	1,317	1,098	1,313	1,246	1,278	995.35	1,229	1,125
	10.62	17.17	12.43	19.49	14.81	20.14	14.05	14.55	12.90	10.86	5.54	1.67
	1,431	1,270	1,399	1,310	1,331	1,118	1,327	1,261	1,290	1,006	1,234	1,127
	1,172	1,032	1,108	1,049	1,061	899.53	1,052	998.35	1,068	861.18	1,032	927.42
	283.55	300.06	301.63	323.18	263.48	269.28	268.81	276.32	260.34	260.51	287.60	303.68
	273.82	311.22	317.10	289.79	233.51	207.29	222.72	173.45	134.24	139.35	142.87	156.78
	249.57	228.49	233.11	247.58	233.77	208.74	206.24	205.26	201.26	193.51	194.94	203.78
	12.43	11.88	12.73	12.51	12.66	11.83	11.94	10.92	11.69	10.47	10.50	11.18
	28.61	28.04	26.54	25.43	26.62	24.86	29.66	22.62	22.10	22.57	22.61	24.65
	274.58	242.87	252.22	246.55	249.99	224.89	231.11	217.25	247.16	198.32	227.64	188.90
	258.57	237.80	291.26	261.07	270.21	218.68	274.97	262.47	222.46	145.03	202.08	199.38
	0.00	0.00	-35.00	0.00	0.00	0.00	—	—	—	—	—	—
	258.57	237.80	256.25	261.07	270.21	218.68	274.97	262.47	222.46	145.03	202.08	199.38
	65.77	59.07	66.72	66.31	69.42	54.67	70.31	67.21	57.24	36.83	49.73	49.10
	192.81	178.73	189.54	194.76	200.80	164.00	204.66	195.26	165.22	108.20	152.35	150.28
	172.86	160.24	169.93	174.62	180.02	147.04	183.48	175.06	148.13	97.01	136.59	134.73
Key metrics
	299.61	277.72	295.52	299.01	309.49	255.37	316.57	296.01	256.25	178.07	235.19	235.21
	21.10%	22.20%	21.30%	23.20%	23.50%	23.30%	24.10%	23.80%	20.10%	17.90%	19.10%	20.90%
	13.60%	14.30%	13.70%	15.10%	15.30%	14.90%	15.60%	15.70%	12.90%	10.90%	12.40%	13.40%
	—	14.30%	—	16.70%	—	14.10%	—	—	—	—	—	—
	7.90%	14.10%	5.60%	3.60%	3.10%	10.30%	6.90%	10.80%	—	—	—	—
	-4.00%	9.00%	-7.40%	-0.30%	21.50%	51.60%	34.30%	29.90%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22	FY21	FY20	FY19	FY18	FY17
Income statement
	5,351	5,247	4,935	4,582	4,789	3,886	2,833	2,945	2,852	2,552	2,140
	59.71	63.90	61.63	19.96	14.73	20.98	19.47	24.64	36.43	21.47	16.11
	5,410	5,311	4,997	4,602	4,803	3,907	2,852	2,970	2,889	2,574	2,156
	4,362	4,250	4,018	3,845	4,045	3,199	2,399	2,508	2,283	2,056	1,762
	1,208	1,188	1,075	1,133	1,488	1,008	584.90	653.92	770.34	690.04	—
	1,192	1,152	737.71	611.50	1,426	883.61	482.40	639.34	586.39	333.41	—
	958.75	942.94	821.50	803.61	881.22	720.10	563.75	531.70	467.48	406.52	375.62
	49.55	49.78	46.38	44.89	41.28	32.20	29.74	33.86	16.26	16.64	18.02
	108.62	106.63	99.23	90.83	78.09	65.47	62.91	61.36	31.06	27.99	24.72
	1,016	991.62	920.41	821.21	876.70	671.93	478.68	570.32	571.10	—	479.00
	1,049	1,060	978.58	756.50	758.10	708.77	453.42	462.01	606.03	517.51	394.82
	-35.00	-35.00	0.00	—	—	—	—	—	—	—	—
	1,014	1,025	978.58	756.50	758.10	708.77	453.42	462.01	606.03	517.51	394.82
	257.87	261.51	249.44	187.31	186.85	172.24	112.84	118.78	212.09	170.53	128.54
	755.84	763.82	729.14	569.19	571.25	536.53	340.58	343.22	393.94	346.98	266.28
	677.65	684.81	653.71	510.31	512.15	481.03	305.35	307.72	353.19	—	—
Key metrics
	1,172	1,182	1,124	892.22	877.47	806.44	546.07	557.23	653.35	562.14	437.56
	21.90%	22.50%	22.80%	19.50%	18.30%	20.70%	19.30%	18.90%	22.90%	22.00%	20.40%
	14.13%	14.60%	14.80%	12.40%	11.90%	13.80%	12.00%	11.70%	13.80%	13.60%	12.40%
	—	61.50%	62.80%	—	—	—	—	—	—	—	—
	7.57%	6.30%	7.70%	-4.30%	23.20%	37.20%	-3.80%	3.30%	11.80%	19.20%	—
	-1.16%	4.80%	28.10%	-0.40%	6.50%	57.50%	-0.80%	-12.90%	13.50%	30.30%	—
	—	686.53	1,124	—	—	—	—	—	—	—	—
	—	1.04	1.65	—	—	—	—	—	—	—	—
	—	0.01	0.00	—	—	—	—	—	—	—	—
	—	-255.38	-238.29	—	—	—	—	—	—	—	—
	—	65.0	58.8	—	—	—	—	—	—	—	—
Balance sheet
	—	2,856	2,643	—	—	—	—	—	—	—	—
	—	1,911	1,742	—	—	—	—	—	—	—	—
	—	267.26	238.29	—	—	—	—	—	—	—	—
	—	201.10	191.61	—	—	—	—	—	—	—	—
	—	1,056	858.87	—	—	—	—	—	—	—	—
	—	221.04	219.88	—	—	—	—	—	—	—	—
	—	629.69	753.27	—	—	—	—	—	—	—	—
	—	322.68	254.92	—	—	—	—	—	—	—	—
	—	1,108	1,010	—	—	—	—	—	—	—	—
	—	11.88	0.00	—	—	—	—	—	—	—	—
	—	2.85	0.00	—	—	—	—	—	—	—	—
	—	9.03	0.00	—	—	—	—	—	—	—	—
	—	1,503	1,407	—	—	—	—	—	—	—	—
Cash flow
	—	794.40	1,204	—	—	—	—	—	—	—	—
	—	-21.21	11.66	—	—	—	—	—	—	—	—
	—	-744.22	-1,010	—	—	—	—	—	—	—	—
	—	107.87	79.57	—	—	—	—	—	—	—	—

Compounded growth

Sales CAGR 3Y: +3.09%
Sales CAGR 5Y: +13.12%
Profit CAGR 3Y: +10.17%
Profit CAGR 5Y: +17.53%
Sales YoY (TTM): +7.57%
Profit YoY (TTM): -1.16%

Compounded from reported annual figures. We publish no share-price CAGR: our prices are as-traded, so one would be wrong across every split and bonus issue.

Shareholding as of 30 Sep 2026

Promoter holding: 42.88%

Quarter	September 2026	June 2026
Promoter %	42.88%	42.88%

Holder	Type	Holding	Previous	Change
Ramesh Genomal	Promoter	14.29%	14.29%	0.00%
Sunder Genomal	Promoter	11.23%	11.23%	0.00%
Sbi Aggressive Hybrid Fund	Public	8.97%	—	—
Sanjeev Naraindas Genomal	Promoter	4.86%	4.86%	0.00%
Nalanda India Fund Limited	Public	4.81%	4.81%	0.00%
Icici Prudential Multi-Asset Fund	Public	3.97%	5.76%	-1.79%
Nps Trust- A/C Sbi Pension Fund Scheme - State Govt	Public	3.59%	3.54%	+0.05%
Sadhna Vijay Hirdaramani	Promoter	3.43%	3.43%	0.00%
Simran Keshav Mahtani	Promoter	3.43%	3.43%	0.00%
Nippon Life India Trustee Ltd-A/C Nippon India Multi Cap Fund	Public	2.67%	2.28%	+0.39%
Dharmesh Naraindas Genomal	Promoter	2.57%	2.57%	0.00%
Axis Mutual Fund Trustee Limited A/C Axis Mutual Fund A/C Axis Midcap Fund	Public	1.74%	1.49%	+0.25%
Icici Prudential Life Insurance Company Limited	Public	1.56%	1.45%	+0.11%
Life Insurance Corporation Of India	Public	1.42%	1.42%	0.00%
Madhuri Genomal	Promoter	1.23%	1.23%	0.00%

Public shareholders are disclosed individually only above 1%.

Peer comparison

Company	Mkt cap (₹ Cr)	Price (₹)	P/E	ROCE	Sales YoY	Profit YoY	1Y return
Page Industries Ltd. S	39,674	35,570.10	52.49	61.50%	+7.57% TTM	-1.16% TTM	-11.25%
Arvind Ltd.	13,595	499.75	28.63	15.20%	+19.08% TTM	+12.45% TTM	+57.45%
Pearl Global Industries Limited	12,218	1,321.05	40.18	22.30%	+13.75% TTM	+29.56% TTM	+102.86%
Gokaldas Exports Ltd	5,356	730.90	52.02	9.40%	+7.65% TTM	-40.43% TTM	-15.28%
LUX Industries Limited	3,525	1,172.05	33.32	9.40%	+4.35% TTM	-15.10% TTM	-6.36%
SBC EXPORTS LIMITED	3,195	67.10	79.10	37.50%	+63.27% TTM	+80.12% TTM	+177.27%
Kitex Garmenets Ltd.	2,690	134.85	-90.56	2.00%	-20.74% TTM	-134.77% TTM	-34.30%
Kewal Kiran Clothing Ltd.	2,654	430.65	15.85	17.80%	+12.89% TTM	+23.48% TTM	-16.81%
S.P. Apparels Limited	2,205	877.00	20.96	18.10%	+1.48% TTM	+7.61% TTM	+23.36%
CANTABIL RETAIL INDIA LIMITED S	2,137	255.50	21.93	17.50%	+16.08% TTM	+24.66% TTM	+3.55%
Dollar Industries Limited	1,453	256.15	13.02	16.50%	+6.24% TTM	+13.81% TTM	-27.69%
Monte Carlo Fashions Limited	1,019	491.65	11.35	16.90%	+13.85% TTM	+3.85% TTM	-32.14%
RUPA & COMPANY LIMITED	988	124.25	12.70	10.70%	+3.39% TTM	+4.60% TTM	-35.54%
BRAHM VIRAT INDUSTRIES CORPORATION LIMITED S	628	432.20	101.46	5.10%	-19.25% TTM	+296.15% TTM	-32.48%
Bizotic Commercial Limited S	480	83.00	18.82	20.00%	—	—	-27.07%
THOMAS SCOTT (INDIA) LIMITED S	420	286.35	20.12	21.30%	+42.24% TTM	+57.13% TTM	-31.71%
MEENAKSHI INDIA LIMITED S	418	185.95	—	—	—	—	—
Vishal Fabrics Limited	415	16.78	11.97	11.70%	—	—	-38.98%
Bella Casa Fashion & Retail Limited S	297	222.00	16.54	16.60%	+22.44% TTM	+4.72% TTM	-51.12%
SARASWATI SAREE DEPOT LIMITED S	257	64.98	10.88	16.40%	+0.95% TTM	-23.26% TTM	-23.01%
Zodiac Clothing Co. Ltd.	176	64.00	-5.07	-10.40%	-11.34% TTM	+5.66% TTM	-34.77%
VIP Clothing Limited S	171	19.02	18.11	10.20%	+0.34% TTM	+27.52% TTM	-43.61%
LORENZINI APPARELS LIMITED S	161	9.34	29.19	12.90%	+39.74% TTM	+12.55% TTM	-8.07%
Fractal Industries Limited	155	198.00	—	22.40%	—	—	—
Filatex Fashions Ltd	150	0.18	87.51	0.20%	-56.57% TTM	-81.21% TTM	-63.27%

Filings & corporate actions

Recent announcements

Certificate under Regulation 74(5) of the SEBI(Depositories and Participants) Regulations 201830 Oct 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Board to Consider 2nd Interim Dividend for the FY 2026-27 at the meeting scheduled on 12 November 2026. Record date of the Interim Dividend will be 18 November 2026 if declared.30 Oct 2026 · Corp. Action / Dividend
Page Industries Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 12/11/2026 ,inter alia, to consider and approve Unaudited Financial Results ....30 Oct 2026 · Board Meeting / Board Meeting
Update on Litigation26 Oct 2026 · Company Update / General
Appointment of Mr. Arjun Sunil Makhecha as Company Secretary, Compliance Officer (Key Managerial Personnel) and Nodal Officer of the Company14 Oct 2026 · Company Update / Appointment of Company Secretary / Compliance Officer
Trading Window Closure28 Sep 2026 · Insider Trading / SAST / Closure of Trading Window
Disclosure under Regulation 30 of the SEBI(LODR) Regulations, 2015 - Update on Litigation21 Sep 2026 · Company Update / General
Disclosure Under Regulation 30 of SEBI (LODR) Regulations, 2015 - Pendency of Litigation2 Sep 2026 · Company Update / General
Resignation of Mr. Murugesh C as Company Secretary & Compliance Officer27 Aug 2026 · Company Update / Resignation of Company Secretary / Compliance Officer
Audio Recording and Transcript of Investor call19 Aug 2026 · Company Update / Analyst / Investor Meet
Newspaper Advertisement on Financial Results14 Aug 2026 · Company Update / Newspaper Publication
J.P. Morgan India Conference' scheduled on 21 September 2026 at The St. Regis Mumbai, 462, Senapati Bapat Marg, Lower Parel, Mumbai14 Aug 2026 · Company Update / Analyst / Investor Meet
Video Recording of 31st AGM13 Aug 2026 · Company Update / General
Audio Recording of Investor Call13 Aug 2026 · Company Update / Analyst / Investor Meet
Declaration under Regulation 34(1)(B)13 Aug 2026 · Company Update / General
Proceedings of 31st Annual General Meeting13 Aug 2026 · AGM/EGM / AGM
31st AGM Voting Results along with Scrutinizer Report13 Aug 2026 · AGM/EGM / AGM
Board approved 1st Interim Dividend 2026-27 of Rs. 200/- per share13 Aug 2026 · Corp. Action / Dividend
Press Release and Investor Presentation13 Aug 2026 · Company Update / Press Release / Media Release
Unaudited Financial Results for the Quarter Ended 30 June 2026 and Dividend13 Aug 2026 · Result / Financial Results
AGM Notice Newspaper Publication17 Jul 2026 · Company Update / Newspaper Publication
Business Responsibility and Sustainability Reporting 2025-2616 Jul 2026 · Others / Business Responsibility and Sustainability Reporting (BRSR)
31st AGM Notice and Book Closure for AGM16 Jul 2026 · AGM/EGM / AGM
Annual Report 2025-26 and 31st AGM Notice16 Jul 2026 · Others / Reg. 34 (1) Annual Report
Details of Investor Call scheduled on 13 August 202616 Jul 2026 · Company Update / Analyst / Investor Meet
Board to consider 1st Interim Dividend for the FY 2026-27 at their meeting schedule on 13 August 2026. Record date is 19 August 2026 if declared.13 Jul 2026 · Corp. Action / Dividend
Page Industries Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 13/08/2026 ,inter alia, to consider and approve Unaudited Financial Results ....13 Jul 2026 · Board Meeting / Board Meeting
The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for ICICI Prudential Mutual Fund9 Jul 2026 · Insider Trading / SAST / Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011
Trading Window closure Intimation26 Jun 2026 · Insider Trading / SAST / Closure of Trading Window
Newspaper Advertisement on Annual General Meeting through Video Conference22 Jun 2026 · Company Update / Newspaper Publication
HSBC''s Singapore conference scheduled on 18 and 19 June 2026 at Singapore10 Jun 2026 · Company Update / Analyst / Investor Meet
Transcript of Investor Call29 May 2026 · Company Update / Analyst / Investor Meet
Newspaper publication on financial results22 May 2026 · Company Update / Newspaper Publication
Audio recording of investor call21 May 2026 · Company Update / Analyst / Investor Meet
Annual Secretarial Compliance Report 31 March 202621 May 2026 · Company Update / Reg.24(A)-Annual Secretarial Compliance
Appointment of Auditor21 May 2026 · Company Update / Appointment of Statutory Auditor/s
Press Release and Investor Presentation21 May 2026 · Company Update / Press Release / Media Release
Board at their meeting held today approved 4th Interim Dividend for FY 2025-26 of Rs. 150 per share21 May 2026 · Corp. Action / Dividend
Audited Financial Results 31 March 2025, Auditor Report, Declaration under Regulation 33 and 4th Interim Dividend 2025-2621 May 2026 · Result / Financial Results
Investor Meet on 27 May 20266 May 2026 · Company Update / Analyst / Investor Meet

Corporate actions

Purpose	Ex date	Record date	Payment date
Interim Dividend	18 Nov 2026	18 Nov 2026	—
Interim Dividend - Rs. - 200.0000	19 Aug 2026	19 Aug 2026	—
Interim Dividend - Rs. - 150.0000	27 May 2026	27 May 2026	—
Interim Dividend - Rs. - 125.0000	11 Feb 2026	11 Feb 2026	—
Interim Dividend - Rs. - 125.0000	19 Nov 2025	19 Nov 2025	—
Interim Dividend - Rs. - 150.0000	13 Aug 2025	13 Aug 2025	—
Interim Dividend - Rs. - 200.0000	21 May 2025	21 May 2025	—
Interim Dividend - Rs. - 150.0000	13 Feb 2025	13 Feb 2025	—
Interim Dividend - Rs. - 250.0000	14 Nov 2024	16 Nov 2024	—
Interim Dividend - Rs. - 300.0000	16 Aug 2024	17 Aug 2024	—

Board meetings

12 Nov 2026 Board Meeting - Financial Results
13 Aug 2026 Board Meeting - Financial Results