Page Industries Ltd

Page Industries Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Page Industries Ltd

₹ 39,455 2.80%
22 May - close price
pageind.com BSE: 532827 NSE: PAGEIND
About

Incorporated in 1995, Page Industries Limited is the exclusive licensee of JOCKEY International Inc. for manufacturing, distribution, and marketing of the JOCKEY® brand in India, Sri Lanka, Bangladesh, Nepal, and the UAE. Page Industries is also the exclusive licensee of Speedo International Ltd. for the manufacturing, marketing, and distribution of the Speedo brand in India.

Key Points

Brand & Product Portfolio
a)Jockey [1]
Jockey, a globally recognized brand present in over 147 countries, operates in India and select neighboring markets through an exclusive licensing agreement. Page Industries has rights to manufacture, distribute, and market Jockey products in India, Sri Lanka, Bangladesh, Nepal, Oman, Qatar, Maldives, Bhutan, and the UAE. In FY25, it got rights for Saudi Arabia, Bahrain, and Kuwait too.[2]

Website BSE NSE
  • Market Cap ₹ 44,008 Cr.
  • Current Price ₹ 39,455
  • High / Low ₹ 50,590 / 29,800
  • Stock P/E 55.7
  • Book Value ₹ 1,347
  • Dividend Yield 2.28 %
  • ROCE 64.4 %
  • ROE 54.3 %
  • Face Value ₹ 10.0
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Pros

  • Company has a good return on equity (ROE) track record: 3 Years ROE 47.0%

Cons

  • Stock is trading at 29.3 times its book value
  • Promoter holding has decreased over last 3 years: -3.23%

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Consumer Discretionary Textiles Textiles & Apparels Garments & Apparels

Part of BSE 500 BSE 200 BSE Dollex 200 Nifty 500 Nifty Midcap 100

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Quarterly Results

Figures in Rs. Crores

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
965 1,229 1,125 1,226 992 1,278 1,246 1,313 1,098 1,317 1,291 1,387 1,253
830 991 892 999 828 1,034 965 1,011 863 1,022 1,011 1,069 992
Operating Profit 134 239 234 226 164 243 281 303 235 295 280 318 261
OPM % 14% 19% 21% 18% 17% 19% 23% 23% 21% 22% 22% 23% 21%
7 5 2 9 14 13 15 14 20 15 19 -23 17
Interest 14 13 11 10 10 12 11 12 12 13 13 13 12
Depreciation 21 21 25 23 23 22 23 30 25 27 25 27 28
Profit before tax 107 210 199 202 145 222 262 275 219 270 261 256 238
Tax % 26% 25% 25% 25% 25% 26% 26% 26% 25% 26% 25% 26% 25%
78 158 150 152 108 165 195 205 164 201 195 190 179
EPS in Rs 70.24 141.98 134.73 136.59 97.01 148.13 175.06 183.49 147.04 180.03 174.61 169.93 160.24
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
1,543 1,796 2,129 2,551 2,852 2,946 2,833 3,886 4,714 4,569 4,935 5,247
1,223 1,419 1,714 2,010 2,234 2,412 2,305 3,099 3,851 3,709 3,872 4,094
Operating Profit 320 376 415 542 618 533 528 787 863 860 1,063 1,153
OPM % 21% 21% 19% 21% 22% 18% 19% 20% 18% 19% 22% 22%
8 10 24 21 36 25 19 21 15 32 62 29
Interest 18 19 19 18 17 34 30 34 41 45 46 50
Depreciation 18 24 25 28 31 61 63 65 78 91 99 107
Profit before tax 293 343 395 518 606 462 453 709 758 756 979 1,025
Tax % 33% 33% 33% 33% 35% 26% 25% 24% 25% 25% 25% 26%
196 232 266 347 394 343 341 537 571 569 729 764
EPS in Rs 175.74 207.57 238.73 311.08 353.19 307.71 305.35 481.02 512.15 510.31 653.71 684.80
Dividend Payout % 41% 41% 41% 42% 97% 52% 82% 77% 49% 72% 138% 0%
Compounded Sales Growth
10 Years: 11%
5 Years: 13%
3 Years: 4%
TTM: 6%
Compounded Profit Growth
10 Years: 13%
5 Years: 18%
3 Years: 11%
TTM: 8%
Stock Price CAGR
10 Years: 12%
5 Years: 5%
3 Years: -1%
1 Year: -17%
Return on Equity
10 Years: 47%
5 Years: 48%
3 Years: 47%
Last Year: 54%

Balance Sheet

Figures in Rs. Crores

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 11 11 11 11 11 11 11 11 11 11 11 11
Reserves 376 519 655 836 764 809 874 1,077 1,360 1,586 1,396 1,491
157 95 88 69 85 176 127 110 406 185 262 277
279 321 401 497 491 517 688 908 915 901 974 1,077
Total Liabilities 823 946 1,154 1,412 1,351 1,513 1,700 2,107 2,693 2,683 2,643 2,856
217 217 236 238 301 406 386 402 485 488 758 871
CWIP 0 0 24 59 7 29 28 65 150 239 72 1
Investments 0 0 52 218 0 0 0 0 0 0 0 0
606 729 842 898 1,043 1,079 1,286 1,639 2,057 1,956 1,813 1,984
Total Assets 823 946 1,154 1,412 1,351 1,513 1,700 2,107 2,693 2,683 2,643 2,856

Cash Flows

Figures in Rs. Crores

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
167 219 274 453 230 517 696 327 -2 1,080 1,204 794
-53 -26 -108 -238 192 -27 -401 119 36 -370 12 -21
-113 -189 -154 -188 -443 -378 -366 -396 -179 -621 -1,010 -744
Net Cash Flow 1 4 12 27 -22 113 -71 49 -145 89 205 29
Free Cash Flow 114 193 212 396 192 442 682 229 -165 986 1,125 687
CFO/OP 82% 86% 100% 114% 70% 121% 156% 64% 22% 147% 136% 92%

Ratios

Figures in Rs. Crores

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 21 21 19 21 16 9 18 16 11 13 14 14
Inventory Days 317 288 264 191 229 200 160 208 279 205 147 178
Days Payable 59 50 47 46 37 26 72 77 50 32 44 55
Cash Conversion Cycle 279 259 236 166 207 183 106 146 240 185 118 138
Working Capital Days 58 61 57 37 55 42 10 33 59 49 19 26
ROCE % 62% 62% 60% 64% 69% 53% 48% 67% 54% 45% 59% 64%

Insights

In beta
Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Dec 2025
Employee Headcount
number

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Exclusive Brand Stores (EBS/EBO)
number
Multi Brand Outlets (MBO)
number
Production Capacity
million pieces
Sales Volume
million pieces

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
46.12% 45.11% 45.11% 45.11% 45.04% 44.29% 42.89% 42.89% 42.89% 42.89% 42.89% 42.89%
21.99% 21.98% 21.78% 20.86% 20.55% 20.84% 22.67% 23.58% 24.03% 23.20% 20.71% 19.00%
21.41% 22.92% 23.92% 25.85% 27.35% 28.76% 28.69% 27.87% 27.75% 28.52% 30.78% 32.50%
0.61% 0.63% 0.71% 0.76% 0.75% 0.75% 0.75% 0.75% 0.75% 0.71% 0.71% 0.71%
9.88% 9.35% 8.49% 7.43% 6.30% 5.35% 5.02% 4.92% 4.59% 4.67% 4.90% 4.90%
No. of Shareholders 1,02,33798,08292,19284,51369,79657,51552,18150,90548,07647,10354,42857,225

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

Documents

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Credit ratings

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