Page Industries Ltd.
NSE: PAGEINDPage Industries Ltd.: A 30-second snapshot
Page Industries (Jockey/Speedo licensee) trades at Rs 36,125, below its 200-DMA of Rs 38,244, with the stock down 18.84% over the past 12 months and 27.86% off its 52-week high. The business shows 5-year revenue CAGR of 5.6% but earnings CAGR of -7.4%, with profit margin at 14.71% and debt-to-equity at 19.03 on a rising trend. Among 5 textile peers, it ranks 2nd on quality score (27 vs. peer range 14-32) but carries the second-highest PE at 54.80.
P/E
54.8
Forward P/E
48.2
ROE
—
Debt / Equity
19.03
Profit Margin
+14.7%
Div. Yield
+1.4%
5Y ROE > 15%
4/5
5Y FCF > 0
3/5
Quality
49/100
News
4 headlines · 2 positive · 0 negative
Jockey stock: Rs 400 dividend already paid in FY26; now up for another payout — record date fixed
Business Today
Page Industries stock (INE761H01022): Indian apparel leader rises 3.95% on strong market position
AD HOC NEWS
Page Industries Ltd stock (INE761H01022): Shares slide amid valuation debate and investor events
AD HOC NEWS
15 bottom-up stock investment ideas as smallcap, midcap shares back to pre-Iran war levels
Business Today
Recent context
- ·A Rs 400 per share dividend was paid in FY26 with a second payout record date fixed (April 2026), reflecting continued capital return to shareholders.
- ·One May 2026 headline references a valuation debate alongside investor events, indicating ongoing market uncertainty about whether the PE premium is justified at current earnings levels.
- ·PAGEIND was cited in a Business Today list of 15 bottom-up stock ideas (April 2026) in the context of mid/smallcap recovery from geopolitical-related lows — no specific price or earnings guidance was attached.
Strengths
- +Quality score of 27 ranks 2nd among 5 textile peers (scores: 32, 27, 20, 19, 14), reflecting relatively stronger composite fundamentals within the sector.
- +Dividend yield of 1.38% with Rs 400 per share paid in FY26 and a further payout record date announced, indicating continued capital return despite earnings pressure.
- +Profit margin of 14.71% is consistent with a branded-apparel licensing model; the forward PE of 48.19 is below the trailing PE of 54.80.
- +RSI at 50 and 3-month price change of +4.02% show price stabilisation after the 12-month decline; current price of Rs 36,125 is 5.0% above the 50-DMA of Rs 34,391.
Weaknesses
- −5-year earnings CAGR of -7.4% against revenue CAGR of +5.6% signals sustained profit dilution — revenue has grown but earnings per share have not followed.
- −Debt-to-equity of 19.03 with a rising debt trend and FCF positive in only 3 of the available years narrows financial flexibility and increases sensitivity to interest rate movements.
- −Stock has been below the 200-DMA of Rs 38,244 with a 52-week drawdown of -27.86% and a 12-month price decline of 18.84%, reflecting a sustained period of price underperformance.
- −Quality score of 27 represents mid-pack relative to peers; ROE is unavailable in the dataset, limiting the ability to assess capital efficiency or benchmark against sector history.
Open questions
- ?Does the gap between 5-year revenue CAGR (+5.6%) and earnings CAGR (-7.4%) reflect temporary cost pressures such as input costs or royalty fees, or a structural compression in the Jockey/Speedo licensing margins?
- ?With debt-to-equity at 19.03 and a rising debt trend, how does the company service obligations if FCF remains inconsistent, and what proportion of the debt stack is short-term versus long-term?
- ?The stock trades at a trailing PE of 54.80 against a 12-month price decline of 18.84% — does the forward PE compression to 48.19 reflect durable consensus earnings recovery expectations, or a change in analyst assumptions?
- ?Given that peer ROE and 1-year price data are broadly unavailable, what alternative metrics — such as inventory turns, royalty payment coverage, or same-store volume growth — provide a clearer view of Page Industries competitive positioning in Indian branded innerwear?
Peer comparison: Textiles
Ranks 2 of 5 on quality| Symbol | Name | P/E | ROE | Quality |
|---|---|---|---|---|
| PAGEIND | Page Industries Ltd.You're viewing | 54.8 | — | 27 |
| Industry avg | across 4 peers | 37.0 | +7.3% | 21 |
| KPRMILL | K.P.R. Mill Ltd. | 36.4 | — | 32 |
| TRIDENT | Trident Ltd. | 30.9 | — | 20 |
| VTL | Vardhman Textiles Ltd. | 23.2 | +7.3% | 19 |
| WELSPUNLIV | Welspun Living Ltd. | 57.3 | — | 14 |
Technical state
Current price
₹36,125.00
SMA 50
₹34,391.10
SMA 200
₹38,243.72
RSI (14)
50.0 (neutral)
From 52w high
-27.9%
1Y return
-18.8%
3M return
+4.0%
50-DMA
Above
200-DMA
Below
Algorithmic support levels
Algorithmic resistance levels
Risk flags
- medium5-year earnings CAGR of -7.4% contrasts with 5-year revenue CAGR of +5.6%, indicating sustained margin compression over the period; profit has shrunk even as the top line grew.
- mediumDebt-to-equity of 19.03 is elevated for a branded-apparel business; debt trend is rising and FCF was positive in only 3 of the available years, narrowing balance-sheet headroom.
- mediumCurrent price of Rs 36,125 is 5.5% below the 200-DMA of Rs 38,244 and down 18.84% over 12 months; 52-week drawdown stands at -27.86%, signalling a sustained longer-term downtrend.
- lowPE of 54.80 is second-highest among 5 textile peers (range: 23.18-57.33); premium valuation relative to declining 5-year earnings trajectory warrants monitoring.
- lowNews sample is sparse (4 articles); one headline explicitly references a valuation debate, suggesting mixed market perception at current price levels.
Cross-section contradictions
- PE of 54.80 coexists with a 5-year earnings CAGR of -7.4%; second-highest sector PE persists alongside deteriorating earnings quality.
- Price is down 18.84% over 12 months and 27.86% below the 52-week high, yet the 3-month return is +4.02% and RSI has recovered to 50 — short-term momentum diverges from the longer-term trend.
For informational purposes only. Not investment advice. VivaTrades is not a SEBI-registered Investment Adviser or Research Analyst. Market data sourced from public feeds; consult a registered adviser before any investment decision.
Fundamentals & technicals: refreshed 25 Jun 2026 · refreshed daily at 01:00 IST
AI synthesis (narrative, snapshot, strengths/weaknesses, peer ranking): generated 15 May 2026 · rotates through NIFTY 500 every ~5 days