Page Industries Ltd.

NSE: PAGEIND · Textiles

₹35,930.00+1.15%06 Nov 2026

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Instant answers about Page Industries Ltd. — computed from its filings, no language model

Market cap₹40,076 cr

Current price₹35,930.00

High / Low₹43,610 / ₹30,200

P/E53.0

P/B26.67

Book value₹1,347.2

ROE50.3%

ROCE70.2%

Debt / equity0.01

Dividend yield1.67%

EPS (TTM)₹677.65

Face value₹10

Price & valuation

split & bonus adjusted · pick a metric and range

Annual performance

annual · ₹ crore · line = operating margin

showing latest 6 of 9 periods

	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Revenue	2,552	2,852	2,945	2,833	3,886	4,789	4,582	4,935	5,247
EBITDA	541	617	533	527	785	863	872	1,063	1,153
Operating margin	21.2%	21.6%	18.1%	18.6%	20.2%	18.0%	19.0%	21.5%	22.0%
Interest	17	16	34	30	32	41	45	46	50
Depreciation	28	31	61	63	65	78	91	99	107
Profit before tax	518	606	462	453	709	758	756	979	1,025
Tax	171	212	119	113	172	187	187	249	262
Net profit	0	394	343	341	537	571	569	729	764
EPS ₹	311.08	353.19	307.72	305.35	481.03	512.15	510.31	653.71	684.81
Operating cash flow	—	—	—	—	327	-2	1,080	1,204	794
Capex	—	—	—	—	98	166	96	80	108
Dividend paid	—	—	—	—	335	290	346	915	669
Total assets	1,412	1,351	1,513	1,700	2,107	2,693	2,683	2,643	2,856
Equity	847	775	820	885	1,089	1,371	1,597	1,407	1,503

Quarterly performance

last 33 quarters · ₹ crore

showing latest 8 of 33 periods

	MAR '18	JUN '18	SEP '18	DEC '18	MAR '19	JUN '19	SEP '19	DEC '19	MAR '20	JUN '20	SEP '20	DEC '20	MAR '21	JUN '21	SEP '21	MAR '22	JUN '22	SEP '22	DEC '22	MAR '23	JUN '23	SEP '23	DEC '23	MAR '24	JUN '24	SEP '24	DEC '24	MAR '25	JUN '25	SEP '25	DEC '25	MAR '26	JUN '26
Revenue	608	815	691	738	608	835	775	794	541	285	740	927	881	502	1,084	1,111	1,341	1,255	1,223	969	1,240	1,125	1,229	995	1,278	1,246	1,313	1,098	1,317	1,291	1,387	1,253	1,420
Operating profit	147	189	143	165	120	187	149	139	58	-35	165	226	170	34	233	267	298	238	193	134	242	234	230	167	243	281	303	235	295	280	318	261	289
Operating margin	24.1%	23.2%	20.7%	22.4%	19.7%	22.4%	19.2%	17.5%	10.7%	-12.2%	22.3%	24.4%	19.3%	6.8%	21.5%	24.0%	22.2%	19.0%	15.8%	13.9%	19.5%	20.8%	18.7%	16.8%	19.0%	22.6%	23.0%	21.4%	22.4%	21.7%	22.9%	20.8%	20.3%
Other income	7	7	11	9	9	6	6	3	10	6	4	4	6	4	5	5	3	3	2	7	2	2	6	11	13	15	14	20	15	19	12	17	11
Interest	4	4	4	4	4	8	8	9	9	8	8	7	7	7	7	10	18	9	10	14	13	11	10	10	12	11	12	12	13	13	13	12	12
Depreciation	8	7	8	8	8	14	15	16	16	16	16	16	16	16	17	16	9	19	20	21	21	25	23	23	22	23	30	25	27	25	27	28	29
Profit before tax	142	185	142	163	116	170	132	117	43	-52	146	207	153	15	215	246	275	213	164	107	210	199	202	145	222	262	275	219	270	261	256	238	259
Tax	48	61	49	61	41	59	18	30	12	-13	35	54	37	4	54	55	68	50	41	28	52	49	50	37	57	67	70	55	69	66	67	59	66
Net profit	0	0	0	0	75	111	115	87	31	-40	111	154	116	11	160	191	207	162	124	78	158	150	152	108	165	195	205	164	201	195	190	179	193
EPS ₹	84.48	111.56	83.05	91.35	67.23	99.22	102.66	78.02	27.82	-35.46	99.40	137.80	103.61	9.82	143.88	170.81	185.62	145.36	110.93	70.24	141.98	134.73	136.59	97.01	148.13	175.06	183.48	147.04	180.02	174.62	169.93	160.24	172.86
Revenue YoY	—	—	—	—	-0.1%	2.4%	12.3%	7.5%	-11.0%	-65.9%	-4.5%	16.8%	62.7%	76.1%	46.4%	26.2%	167.4%	15.8%	—	-12.8%	-7.5%	-10.3%	0.5%	2.7%	3.0%	10.8%	6.9%	10.3%	3.1%	3.6%	5.6%	14.1%	7.9%
Profit YoY	—	—	—	—	—	—	—	—	-58.6%	-135.7%	-3.2%	76.6%	272.5%	—	44.8%	64.9%	1790.8%	1.0%	—	-58.9%	-23.5%	-7.3%	23.1%	38.1%	4.3%	29.9%	34.3%	51.6%	21.5%	-0.3%	-7.4%	9.0%	-4.0%

Earlier results (standalone, Sep '07 – Dec '17)

₹ crore · from BSE, before the NSE XBRL filings begin

Page Industries Ltd. reports consolidated figures above. Quarterly consolidated results only became mandatory in India in 2019, so the earlier history available is the standalone company only (excluding subsidiaries). It is shown separately so the two bases are never mixed.

Full years

showing latest 8 of 9 periods

	FY09†	FY10†	FY11†	FY12†	FY13†	FY14†	FY15†	FY16†	FY17†
Revenue	255	339	492	683	865	1,187	1,542	1,783	2,140
Operating profit	52	66	93	133	165	251	317	377	415
Operating margin	20.3%	19.3%	18.9%	19.5%	19.1%	21.1%	20.6%	21.1%	19.4%
Other income	6	5	10	18	20	7	9	6	23
Interest	4	3	5	7	8	10	15	15	18
Depreciation	7	9	10	11	11	14	18	24	25
Profit before tax	47	59	88	134	166	233	293	344	395
Tax	15	19	29	44	53	80	97	112	129
Net profit	32	40	59	90	113	154	196	233	266

Quarters

showing latest 8 of 42 periods

	SEP '07†	DEC '07†	MAR '08†	JUN '08†	SEP '08†	DEC '08†	MAR '09†	JUN '09†	SEP '09†	DEC '09†	MAR '10†	JUN '10†	SEP '10†	DEC '10†	MAR '11†	JUN '11†	SEP '11†	DEC '11†	MAR '12†	JUN '12†	SEP '12†	DEC '12†	MAR '13†	JUN '13†	SEP '13†	DEC '13†	MAR '14†	JUN '14†	SEP '14†	DEC '14†	MAR '15†	JUN '15†	SEP '15†	DEC '15†	MAR '16†	JUN '16†	SEP '16†	DEC '16†	MAR '17†	JUN '17†	SEP '17†	DEC '17†
Revenue	48	52	45	66	65	67	56	79	88	90	83	120	126	134	111	176	181	172	154	218	220	216	210	309	290	305	283	383	397	383	380	447	461	440	436	572	538	529	501	697	627	621
Operating profit	9	11	7	12	13	16	10	17	18	15	15	22	26	28	17	44	36	30	24	47	44	37	38	68	65	58	60	88	75	78	77	101	101	83	91	109	107	99	99	137	130	129
Operating margin	18.8%	20.5%	15.8%	18.9%	20.7%	23.6%	17.2%	21.9%	20.5%	17.1%	18.2%	18.6%	20.5%	20.7%	15.4%	24.8%	19.7%	17.2%	15.7%	21.4%	20.0%	17.0%	18.0%	22.1%	22.4%	19.0%	21.1%	23.0%	18.8%	20.3%	20.2%	22.7%	22.0%	18.8%	21.0%	19.1%	20.0%	18.7%	19.7%	19.6%	20.7%	20.8%
Other income	1	1	1	2	1	1	2	1	1	1	3	2	2	3	3	4	6	4	4	7	5	5	2	2	1	1	2	2	7	0	1	5	0	0	0	6	6	2	9	4	3	5
Interest	1	1	1	1	1	1	1	1	0	1	1	1	1	1	2	2	1	2	2	2	2	2	3	2	2	3	4	4	3	4	4	5	3	3	4	4	4	4	6	4	4	4
Depreciation	1	1	1	2	2	2	2	2	2	2	2	2	2	2	3	2	3	3	3	3	3	3	3	3	3	4	4	5	3	5	5	6	6	6	7	6	6	6	7	7	7	7
Profit before tax	9	10	6	12	12	14	9	15	16	13	14	21	24	27	16	43	38	29	24	49	45	38	34	66	61	53	55	81	74	70	68	96	93	74	81	105	104	90	95	129	123	123
Tax	3	3	2	4	3	5	3	5	5	4	4	8	8	11	3	16	12	9	7	16	14	12	11	22	20	18	19	27	25	25	21	33	32	22	24	37	35	28	29	44	39	40
Net profit	6	7	4	9	8	9	6	10	11	9	10	14	16	16	13	28	25	20	17	33	31	25	24	43	41	35	35	54	50	45	47	63	60	52	57	68	69	63	67	85	84	83
EPS ₹	5.65	5.85	3.90	7.81	7.51	8.06	4.98	9.09	9.46	8.06	8.90	12.28	14.67	14.01	11.54	24.82	22.72	17.85	15.29	29.37	27.57	22.79	21.16	38.65	36.69	31.05	31.49	48.68	44.74	40.08	42.24	56.64	54.06	46.55	51.34	60.92	61.57	56.38	59.88	76.47	75.36	74.77
Revenue YoY	—	—	—	—	35.1%	29.9%	25.4%	20.4%	34.7%	33.3%	46.6%	50.7%	44.4%	49.4%	34.7%	47.4%	42.9%	28.4%	38.5%	23.6%	21.9%	25.6%	36.3%	41.4%	32.0%	41.3%	34.5%	24.2%	36.5%	25.4%	34.2%	16.5%	16.3%	14.9%	14.7%	28.2%	16.6%	20.2%	15.0%	21.7%	16.5%	17.5%
Profit YoY	—	—	—	—	33.0%	37.7%	27.6%	16.4%	26.0%	-0.1%	78.9%	35.1%	54.9%	73.9%	29.6%	102.1%	54.8%	27.5%	32.5%	18.3%	21.4%	27.7%	38.4%	31.6%	33.1%	36.2%	48.8%	26.0%	21.9%	29.1%	34.2%	16.4%	20.8%	16.1%	21.5%	7.5%	13.9%	21.1%	16.6%	25.5%	22.4%	32.6%

Returns & margins

trailing-twelve-month, per quarter

showing latest 8 of 27 periods

	DEC '18	MAR '19	JUN '19	SEP '19	DEC '19	MAR '20	JUN '20	SEP '20	DEC '20	MAR '21	JUN '21	SEP '21	DEC '22	MAR '23	JUN '23	SEP '23	DEC '23	MAR '24	JUN '24	SEP '24	DEC '24	MAR '25	JUN '25	SEP '25	DEC '25	MAR '26	JUN '26
ROE	0.0%	9.7%	24.0%	38.7%	50.0%	41.9%	23.5%	23.1%	31.2%	38.5%	44.2%	49.8%	52.0%	41.7%	38.1%	33.4%	35.3%	35.6%	36.1%	41.7%	45.2%	51.8%	54.3%	54.2%	53.2%	50.8%	50.3%
ROCE	72.3%	73.4%	72.1%	71.4%	66.6%	58.6%	32.2%	33.8%	44.3%	54.6%	62.1%	69.9%	71.8%	50.0%	45.6%	47.6%	50.1%	50.2%	50.9%	58.8%	63.8%	72.8%	76.3%	75.8%	74.5%	71.0%	70.2%
Net margin	0.0%	2.6%	6.5%	10.2%	12.9%	11.7%	8.1%	8.0%	10.3%	12.0%	12.8%	13.0%	13.9%	11.9%	11.1%	11.2%	11.8%	12.4%	12.5%	13.1%	13.9%	14.8%	15.4%	15.2%	14.7%	14.6%	14.1%
EBITDA margin	22.6%	21.6%	21.4%	21.0%	19.7%	18.1%	13.0%	13.9%	16.6%	18.6%	19.5%	19.6%	20.2%	18.0%	17.2%	17.6%	18.4%	19.0%	18.9%	19.4%	20.6%	21.5%	22.4%	22.2%	22.1%	22.0%	21.4%
Debt / equity	0.06	0.09	0.09	0.09	0.09	0.03	0.03	0.03	0.03	0.00	0.00	0.00	0.00	0.18	0.18	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.01	0.01	0.01	0.01
Interest coverage	39.36	38.55	29.87	24.69	19.20	14.65	8.21	8.76	12.05	16.25	18.69	21.08	20.18	15.93	16.25	15.32	15.94	17.85	18.54	20.09	21.10	22.10	22.68	21.94	21.23	21.60	21.46
Asset turnover	2.02	2.11	2.13	2.19	2.23	1.95	1.58	1.56	1.65	1.67	1.79	2.00	2.00	1.78	1.74	1.72	1.73	1.71	1.72	1.75	1.78	1.87	1.88	1.80	1.83	1.84	1.87

Balance sheet

equity vs borrowings over time · ₹ crore

showing latest 6 of 15 periods

	MAR '16‡	MAR '17‡	MAR '18‡	MAR '19‡	MAR '20‡	MAR '21‡	MAR '22‡	SEP '22	MAR '23	SEP '23	MAR '24	SEP '24	MAR '25	SEP '25	MAR '26
Share capital	11	11	11	11	11	11	11	11	11	11	11	11	11	11	11
Other equity / reserves	519	655	836	764	809	874	1,077	1,304	1,360	1,519	1,586	1,479	1,396	1,398	1,491
Total equity	530	666	847	775	820	885	1,089	1,315	1,371	1,530	1,597	1,490	1,407	1,409	1,503
Borrowings	73	67	50	73	27	0	0	0	248	0	0	0	0	8	12
Current liabilities	376	426	508	534	557	712	936	1,029	1,194	963	938	1,045	1,010	1,145	1,108
Non-current liabilities	40	63	57	42	136	103	82	121	128	149	147	175	225	232	246
Total assets	946	1,154	1,412	1,351	1,513	1,700	2,107	2,464	2,693	2,642	2,683	2,710	2,643	2,786	2,856
Property, plant & equipment	213	233	230	295	298	286	309	448	483	495	484	305	753	764	630
Capital work-in-progress	0	24	59	7	29	28	65	116	150	198	239	247	72	92	1
Investments	0	52	218	0	—	—	—	0	0	0	0	0	0	0	0
Inventories	541	623	568	750	719	555	975	1,359	1,595	1,362	1,170	936	859	950	1,056
Receivables	102	113	148	124	74	137	165	206	146	154	159	167	192	187	201
Cash & equivalents	9	21	37	4	117	40	89	76	1	110	33	120	238	159	267

Cash flow

annual · ₹ crore · line = free cash flow

showing latest 5 of 11 periods

	FY16‡	FY17‡	FY18‡	FY19‡	FY20‡	FY21‡	FY22	FY23	FY24	FY25	FY26
Cash from operations	219	274	453	230	517	696	327	-2	1,080	1,204	794
Cash from investing	-26	-108	-238	192	-27	-401	119	31	-370	12	-21
Cash from financing	-189	-154	-188	-443	-378	-366	-396	-174	-621	-1,010	-744
Capex	26	62	57	38	75	15	98	166	96	80	108
Free cash flow	193	211	396	192	442	681	229	-167	984	1,124	687
Dividends paid	—	—	—	—	—	279	335	290	346	915	669

Where the assets sit

Mar '26 · ₹ crore

Fixed assets (PPE)

₹630 cr22%

CWIP

₹1 cr0%

Inventories

₹1,056 cr37%

Receivables

₹201 cr7%

Cash & equivalents

₹267 cr9%

Other assets

₹701 cr25%

Peer comparison

largest in Textiles · this company in bold

Company	Market cap ₹cr	Price	P/E	P/B	ROE
Page Industries Ltd.	40,076	35,930.00	53.0	26.67	50.3%
K.P.R. Mill Ltd.	39,799	1,164.40	153.9	6.40	4.2%
Welspun Living Ltd.	22,796	241.30	52.6	4.50	8.6%
Vardhman Textiles Ltd.	14,496	508.80	14.2	1.31	9.2%
Arvind Limited	13,459	494.75	29.3	3.17	10.8%
Pearl Global Industries Limited	12,368	1,338.80	34.1	7.42	21.8%
Trident Ltd.	12,169	23.88	25.4	2.50	9.8%
Indo Count Industries Limited	9,702	489.85	49.7	3.81	7.7%
PDS Limited	5,703	403.90	43.9	3.17	7.2%
Gokaldas Exports Limited	5,005	682.95	—	2.18	0.0%

StoxGud checklist: Neutral setup · 6/10

Price above 50-day average
Price above 200-day average
50-day average above 200-day (uptrend)
RSI in healthy 40–70 zone
Positive 1-year return
Return on equity above 15%
Debt to equity below 1
Revenue growing year on year
Net profit margin above 10%
P/E below industry median

A rules-based screen of trend, momentum, quality and valuation. Educational only — not a buy or sell recommendation.

Returns & technicals

1 month-4.4%

6 months-3.8%

1 year-13.1%

3Y CAGR-1.4%

5Y CAGR-1.8%

10Y CAGR+8.5%

50-day avg₹35,911.30

200-day avg₹36,361.97

RSI (14)48

Long-term financials (FY15–FY16)

from published annual reports

Year	Revenue	Profit before tax	Net profit
FY16	₹1,783 Cr	₹344 Cr	₹233 Cr
FY15	₹1,543 Cr	₹293 Cr	₹196 Cr

Years before FY17 follow the older Indian GAAP standard, so they are not exactly comparable with recent years.

Compare Page Industries Ltd. with

Page Industries vs K.P.R. Mill Page Industries vs Welspun Living Page Industries vs Vardhman Textiles Page Industries vs Trident

FAQs

What is the share price of Page Industries Ltd.?

Page Industries Ltd. (PAGEIND) closed at ₹35,930.00 on NSE on 06 Nov 2026.

What is the market cap of Page Industries Ltd.?

₹40,076 crore at the latest close.

What is the P/E ratio of Page Industries Ltd.?

53.0, on trailing-twelve-month earnings from its filings.

How fast is Page Industries Ltd. growing?

Page Industries Ltd.: revenue has compounded at 3.1% a year over three years; net profit at 10.2% a year. Latest-quarter revenue is up 7.9% year on year, profit down 4.0%.

How profitable is Page Industries Ltd.?

On a trailing-twelve-month basis return on equity is 50.3%, return on capital employed 70.2%, operating margin 21.4%, net margin 14.1%.

How much debt does Page Industries Ltd. have?

Page Industries Ltd. is debt-free: debt to equity is 0.01 with borrowings of ₹12 cr against cash of ₹267 cr (balance sheet of 2026-03-31). Operating profit covers interest 21.5 times.

Financials parsed from Page Industries Ltd.'s own XBRL filings to NSE (standalone), ₹ crore unless marked. Quarterly from MAR '18, annual from FY18, balance sheet from Mar '16. * = derived (full year or half year minus earlier quarters). ‡ = balance sheet / cash flow read from the company's published annual report (same basis), for years before the NSE filings carry them; each one checked to add up. Information only, not investment advice.