Page Industries Ltd.
Textiles · NSE
52-week range
₹29,805 – ₹50,076
From 52w high
-25.4%
RSI (14)
62.6
vs SMA 50 / 200
↑ 50 · ↓ 200
Page Industries (Jockey licensee, NSE: PAGEIND) trades at ₹37,220, carrying a trailing PE of 55.34 — the highest among its 5 tracked textile peers — while 5-year earnings have declined at a -7.4% CAGR against 5-year revenue growth of 5.6%. The stock is 17.74% lower over 12 months and sits below its 200-DMA of ₹38,415, though a 3-month recovery of +8.51% has lifted it above its 50-DMA of ₹34,259.
- ✓Consistent dividend distribution: ₹400 per share already paid in FY26 with a further dividend declared, translating to a 1.34% trailing yield at current price levels.
- ✓Revenue has grown at a 5-year CAGR of 5.6%, indicating top-line expansion even as earnings margins compressed over the same period.
- ✓RSI of 60.54 sits in neutral territory and above the 50-DMA (₹34,259), reflecting near-term price stabilisation after a prolonged decline from the 52-week high.
- ✓Closest identified support levels are ₹36,230 and ₹35,182, providing measurable reference points approximately 2–5% below the current price.
- ✗5-year earnings CAGR of -7.4% against positive revenue growth signals a sustained compression in profitability that has not been arrested over a multi-year window.
- ✗Debt-to-equity of 19.03 shows a rising trend, and free cash flow has been positive in only 3 of the tracked years; declining FCF generation alongside rising debt narrows financial flexibility.
- ✗At a trailing PE of 55.34, PAGEIND carries the highest valuation multiple among its peer group (range: 21.95–54.33), a premium that coincides with declining earnings rather than accelerating growth.
- ✗Quality score of 27 places PAGEIND 3rd of 5 textile peers on the available composite metric, and the stock remains below its 200-DMA of ₹38,415 after a 25.67% drawdown from the 52-week high.
- ·A second FY26 dividend has been announced (record date fixed), following the ₹400 per share already paid — the headline was the lone positive news item in a sparse 4-article coverage window.
- ·One news article explicitly references a valuation debate and share price slide, reflecting mixed market perception at current price levels as of May 2026.
- ·The stock appeared in a broader mid/smallcap recovery list alongside unrelated names following the easing of Iran-war-related market stress, suggesting index-level macro tailwinds partially drove the 3-month +8.51% move rather than company-specific catalysts.
- ?Does the 5-year earnings decline reflect a structural shift in Page Industries cost base (raw materials, labour, royalty fees), or a cyclical margin squeeze that has historically reversed?
- ?At a PE of 55.34 — the highest in its textile peer group — what earnings recovery trajectory is implied, and how does that compare to analyst consensus projections given that a mean rating number is currently unavailable?
- ?With debt-to-equity at 19.03 and a rising trend, how has the company deployed incremental debt — toward capacity expansion, working capital, or refinancing — and what does the interest coverage look like relative to recent earnings?
- ?The 3-month recovery of +8.51% has brought price above the 50-DMA but not above the 200-DMA of ₹38,415; what historical periods, if any, show a similar pattern for this stock, and how long did it take to reclaim or fail to reclaim the 200-DMA?
PE
55.3
Forward PE
48.7
ROE
—
Profit margin
+14.7%
D/E
19.03
Dividend yield
+1.3%
Quality score
27/100
ROE 5y above 15%
4/5 yrs
FCF 5y positive
3/5 yrs
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.Analysis generated 11 May 2026.