About
Page Industries Limited manufactures, markets, and distributes textile garments and clothing accessories for men, women, and kids in India and internationally. It offers vests, briefs, boxer briefs, trunks, inner boxers, tank tops, t-shirts, polos, oversized T-shirts, knit shirts, henleys, sweatshirts, jackets, hoodies, windcheater, boxer shorts, shorts, bermudas, joggers, track pants, pyjamas, pants, bras, panties, crop tops, camisoles, kurta slips, shrugs, sleep dresses, skirts, shorts, capris, culottes, leggings, shapewears, sets, caps, handkerchief, and masks; face, hand, bath, and gym towels; calf, ankle, knee, low show, and no show socks; and thermals under the Jockey brand. The company also has license with swim wear Speedo brand. Page Industries Limited was incorporated in 1994 and is headquartered in Bengaluru, India.
Key Metrics
as of Sep 2026Market Cap40,489 Cr
P/E51.80
Div Yield1.52 %
Book Value₹1,347.00
52w High₹45,890.00
52w Low₹29,800.00
Face Value₹10.00
Quarterly Results
Rs. Crores · hover row for definition| Metric | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 | Dec 2023 | Sep 2023 | Jun 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,420.00 | 1,253.00 | 1,387.00 | 1,291.00 | 1,317.00 | 1,098.00 | 1,313.00 | 1,246.00 | 1,278.00 | 992.00 | 1,226.00 | 1,125.00 | 1,229.00 |
| Expenses | 1,131.00 | 992.00 | 1,069.00 | 1,011.00 | 1,022.00 | 863.00 | 1,011.00 | 965.00 | 1,034.00 | 828.00 | 999.00 | 892.00 | 991.00 |
| Operating Profit | 289.00 | 261.00 | 318.00 | 280.00 | 295.00 | 235.00 | 303.00 | 281.00 | 243.00 | 164.00 | 226.00 | 234.00 | 239.00 |
| OPM % | 20.00 | 21.00 | 23.00 | 22.00 | 22.00 | 21.00 | 23.00 | 23.00 | 19.00 | 17.00 | 18.00 | 21.00 | 19.00 |
| Other Income | 11.00 | 17.00 | -23.00 | 19.00 | 15.00 | 20.00 | 14.00 | 15.00 | 13.00 | 14.00 | 9.00 | 2.00 | 5.00 |
| Depreciation | 29.00 | 28.00 | 27.00 | 25.00 | 27.00 | 25.00 | 30.00 | 23.00 | 22.00 | 23.00 | 23.00 | 25.00 | 21.00 |
| Interest | 12.00 | 12.00 | 13.00 | 13.00 | 13.00 | 12.00 | 12.00 | 11.00 | 12.00 | 10.00 | 10.00 | 11.00 | 13.00 |
| Profit before tax | 259.00 | 238.00 | 256.00 | 261.00 | 270.00 | 219.00 | 275.00 | 262.00 | 222.00 | 145.00 | 202.00 | 199.00 | 210.00 |
| Tax % | 25.00 | 25.00 | 26.00 | 25.00 | 26.00 | 25.00 | 26.00 | 26.00 | 26.00 | 25.00 | 25.00 | 25.00 | 25.00 |
| Net Profit | 193.00 | 179.00 | 190.00 | 195.00 | 201.00 | 164.00 | 205.00 | 195.00 | 165.00 | 108.00 | 152.00 | 150.00 | 158.00 |
| EPS in Rs | 172.86 | 160.24 | 169.93 | 174.61 | 180.03 | 147.04 | 183.49 | 175.06 | 148.13 | 97.01 | 136.59 | 134.73 | 141.98 |
Profit & Loss
Annual · Rs. Crores| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 5,247.00 | 4,935.00 | 4,569.00 | 4,714.00 | 3,886.00 | 2,833.00 | 2,946.00 | 2,852.00 | 2,551.00 | 2,129.00 | 1,796.00 | 1,543.00 |
| Expenses | 4,094.00 | 3,872.00 | 3,709.00 | 3,851.00 | 3,099.00 | 2,305.00 | 2,412.00 | 2,234.00 | 2,010.00 | 1,714.00 | 1,419.00 | 1,223.00 |
| Operating Profit | 1,153.00 | 1,063.00 | 860.00 | 863.00 | 787.00 | 528.00 | 533.00 | 618.00 | 542.00 | 415.00 | 376.00 | 320.00 |
| OPM % | 22.00 | 22.00 | 19.00 | 18.00 | 20.00 | 19.00 | 18.00 | 22.00 | 21.00 | 19.00 | 21.00 | 21.00 |
| Other Income | 29.00 | 62.00 | 32.00 | 15.00 | 21.00 | 19.00 | 25.00 | 36.00 | 21.00 | 24.00 | 10.00 | 8.00 |
| Interest | 50.00 | 46.00 | 45.00 | 41.00 | 34.00 | 30.00 | 34.00 | 17.00 | 18.00 | 19.00 | 19.00 | 18.00 |
| Depreciation | 107.00 | 99.00 | 91.00 | 78.00 | 65.00 | 63.00 | 61.00 | 31.00 | 28.00 | 25.00 | 24.00 | 18.00 |
| Profit before tax | 1,025.00 | 979.00 | 756.00 | 758.00 | 709.00 | 453.00 | 462.00 | 606.00 | 518.00 | 395.00 | 343.00 | 293.00 |
| Tax % | 26.00 | 25.00 | 25.00 | 25.00 | 24.00 | 25.00 | 26.00 | 35.00 | 33.00 | 33.00 | 33.00 | 33.00 |
| Net Profit | 764.00 | 729.00 | 569.00 | 571.00 | 537.00 | 341.00 | 343.00 | 394.00 | 347.00 | 266.00 | 232.00 | 196.00 |
| EPS in Rs | 684.80 | 653.71 | 510.31 | 512.15 | 481.02 | 305.35 | 307.71 | 353.19 | 311.08 | 238.73 | 207.57 | 175.74 |
| Dividend Payout % | 80.00 | 138.00 | 72.00 | 49.00 | 77.00 | 82.00 | 52.00 | 97.00 | 42.00 | 41.00 | 41.00 | 41.00 |
Balance Sheet
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 11.00 | 11.00 | 11.00 | 11.00 | 11.00 | 11.00 | 11.00 | 11.00 | 11.00 | 11.00 | 11.00 | 11.00 |
| Reserves | 1,491.00 | 1,396.00 | 1,586.00 | 1,360.00 | 1,077.00 | 874.00 | 809.00 | 764.00 | 836.00 | 655.00 | 519.00 | 376.00 |
| Borrowings | 277.00 | 262.00 | 185.00 | 406.00 | 110.00 | 127.00 | 176.00 | 85.00 | 69.00 | 88.00 | 95.00 | 157.00 |
| Other Liabilities | 1,077.00 | 974.00 | 901.00 | 915.00 | 908.00 | 688.00 | 517.00 | 491.00 | 497.00 | 401.00 | 321.00 | 279.00 |
| Total Liabilities | 2,856.00 | 2,643.00 | 2,683.00 | 2,693.00 | 2,107.00 | 1,700.00 | 1,513.00 | 1,351.00 | 1,412.00 | 1,154.00 | 946.00 | 823.00 |
| Fixed Assets | 871.00 | 758.00 | 488.00 | 485.00 | 402.00 | 386.00 | 406.00 | 301.00 | 238.00 | 236.00 | 217.00 | 217.00 |
| CWIP | 1.00 | 72.00 | 239.00 | 150.00 | 65.00 | 28.00 | 29.00 | 7.00 | 59.00 | 24.00 | 0.00 | 0.00 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 218.00 | 52.00 | 0.00 | 0.00 |
| Other Assets | 1,984.00 | 1,813.00 | 1,956.00 | 2,057.00 | 1,639.00 | 1,286.00 | 1,079.00 | 1,043.00 | 898.00 | 842.00 | 729.00 | 606.00 |
| Total Assets | 2,856.00 | 2,643.00 | 2,683.00 | 2,693.00 | 2,107.00 | 1,700.00 | 1,513.00 | 1,351.00 | 1,412.00 | 1,154.00 | 946.00 | 823.00 |
Cash Flows
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 794.00 | 1,204.00 | 1,080.00 | -2.00 | 327.00 | 696.00 | 517.00 | 230.00 | 453.00 | 274.00 | 219.00 | 167.00 |
| Cash from Investing Activity | -21.00 | 12.00 | -370.00 | 36.00 | 119.00 | -401.00 | -27.00 | 192.00 | -238.00 | -108.00 | -26.00 | -53.00 |
| Cash from Financing Activity | -744.00 | -1,010.00 | -621.00 | -179.00 | -396.00 | -366.00 | -378.00 | -443.00 | -188.00 | -154.00 | -189.00 | -113.00 |
| Net Cash Flow | 29.00 | 205.00 | 89.00 | -145.00 | 49.00 | -71.00 | 113.00 | -22.00 | 27.00 | 12.00 | 4.00 | 1.00 |
| Free Cash Flow | 687.00 | 1,125.00 | 986.00 | -165.00 | 229.00 | 682.00 | 442.00 | 192.00 | 396.00 | 212.00 | 193.00 | 114.00 |
| CFO/OP % | 92.00 | 136.00 | 147.00 | 22.00 | 64.00 | 156.00 | 121.00 | 70.00 | 114.00 | 100.00 | 86.00 | 82.00 |
Ratios
Annual · Days / % — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 14.00 | 14.00 | 13.00 | 11.00 | 16.00 | 18.00 | 9.00 | 16.00 | 21.00 | 19.00 | 21.00 | 21.00 |
| Inventory Days | 178.00 | 147.00 | 205.00 | 279.00 | 208.00 | 160.00 | 200.00 | 229.00 | 191.00 | 264.00 | 288.00 | 317.00 |
| Days Payable | 55.00 | 44.00 | 32.00 | 50.00 | 77.00 | 72.00 | 26.00 | 37.00 | 46.00 | 47.00 | 50.00 | 59.00 |
| Cash Conversion Cycle | 138.00 | 118.00 | 185.00 | 240.00 | 146.00 | 106.00 | 183.00 | 207.00 | 166.00 | 236.00 | 259.00 | 279.00 |
| Working Capital Days | 26.00 | 19.00 | 49.00 | 59.00 | 33.00 | 10.00 | 42.00 | 55.00 | 37.00 | 57.00 | 61.00 | 58.00 |
| ROCE % | 64.00 | 59.00 | 45.00 | 54.00 | 67.00 | 48.00 | 53.00 | 69.00 | 64.00 | 60.00 | 62.00 | 62.00 |
Corporate Actions
50 records| Action | Ex Date | Record Date | Ratio | Amount (₹) | Notes |
|---|---|---|---|---|---|
| Dividend | 19 Aug 2026 | 19 Aug 2026 | — | 200.00 | |
| Dividend | 27 May 2026 | 27 May 2026 | — | 150.00 | |
| Dividend | 11 Feb 2026 | 11 Feb 2026 | — | 125.00 | |
| Dividend | 19 Nov 2025 | 19 Nov 2025 | — | 125.00 | |
| Dividend | 13 Aug 2025 | 13 Aug 2025 | — | 150.00 | |
| Dividend | 21 May 2025 | 21 May 2025 | — | 200.00 | |
| Dividend | 13 Feb 2025 | 13 Feb 2025 | — | 150.00 | |
| Dividend | 14 Nov 2024 | 16 Nov 2024 | — | 250.00 | |
| Dividend | 16 Aug 2024 | 17 Aug 2024 | — | 300.00 | |
| Other | 31 Jul 2024 | — | — | — | Annual General Meeting |
| Dividend | 31 May 2024 | 31 May 2024 | — | 120.00 | |
| Dividend | 16 Feb 2024 | 16 Feb 2024 | — | 100.00 | |
| Dividend | 17 Nov 2023 | 18 Nov 2023 | — | 75.00 | |
| Dividend | 18 Aug 2023 | 19 Aug 2023 | — | 75.00 | |
| Other | 02 Aug 2023 | — | — | — | Annual General Meeting |
| Dividend | 02 Jun 2023 | 02 Jun 2023 | — | 60.00 | |
| Dividend | 17 Feb 2023 | 17 Feb 2023 | — | 60.00 | |
| Dividend | 17 Nov 2022 | 18 Nov 2022 | — | 70.00 | |
| Dividend | 18 Aug 2022 | 20 Aug 2022 | — | 60.00 | |
| Other | 02 Aug 2022 | — | — | — | Annual General Meeting |
| Dividend | 02 Jun 2022 | 03 Jun 2022 | — | 70.00 | |
| Dividend | 17 Feb 2022 | 18 Feb 2022 | — | 100.00 | |
| Dividend | 17 Nov 2021 | 20 Nov 2021 | — | 150.00 | |
| Dividend | 18 Aug 2021 | 21 Aug 2021 | — | 50.00 | |
| Other | 03 Aug 2021 | — | — | — | Annual General Meeting |
| Dividend | 17 Feb 2021 | 19 Feb 2021 | — | 150.00 | |
| Dividend | 19 Nov 2020 | 21 Nov 2020 | — | 100.00 | |
| Other | 04 Aug 2020 | — | — | — | Annual General Meeting |
| Dividend | 18 Feb 2020 | 22 Feb 2020 | — | 58.00 | |
| Dividend | 21 Nov 2019 | 22 Nov 2019 | — | 52.00 | |
| Dividend | 19 Aug 2019 | 20 Aug 2019 | — | 51.00 | |
| Other | 10 Jul 2019 | — | — | — | Annual General Meeting |
| Dividend | 30 May 2019 | 01 Jun 2019 | — | 41.00 | |
| Dividend | 21 Feb 2019 | 22 Feb 2019 | — | 70.00 | NSE/BSE dividend mismatch: BSE/NSE=41.0; BSE/NSE=70.0 |
| Dividend | 21 Feb 2019 | 22 Feb 2019 | — | 41.00 | NSE/BSE dividend mismatch: BSE/NSE=41.0; BSE/NSE=70.0 |
| Dividend | 20 Nov 2018 | 22 Nov 2018 | — | 110.00 | NSE/BSE dividend mismatch: BSE/NSE=41.0; BSE/NSE=110.0 |
| Dividend | 20 Nov 2018 | 22 Nov 2018 | — | 41.00 | NSE/BSE dividend mismatch: BSE/NSE=41.0; BSE/NSE=110.0 |
| Dividend | 23 Aug 2018 | 24 Aug 2018 | — | 41.00 | |
| Other | 12 Jul 2018 | — | — | — | Annual General Meeting |
| Dividend | 31 May 2018 | 02 Jun 2018 | — | 35.00 | |
| Dividend | 15 Feb 2018 | 17 Feb 2018 | — | 35.00 | |
| Dividend | 16 Nov 2017 | 17 Nov 2017 | — | 35.00 | |
| Dividend | 02 Aug 2017 | — | — | 25.00 | |
| Dividend | 01 Jun 2017 | 02 Jun 2017 | — | 26.00 | |
| Dividend | 16 Feb 2017 | 17 Feb 2017 | — | 25.00 | |
| Dividend | 17 Nov 2016 | 19 Nov 2016 | — | 25.00 | |
| Dividend | 03 Aug 2016 | — | — | 24.00 | |
| Dividend | 31 May 2016 | 01 Jun 2016 | — | 22.00 | |
| Dividend | 17 Feb 2016 | 19 Feb 2016 | — | 21.00 | |
| Dividend | 16 Nov 2015 | 17 Nov 2015 | — | 21.00 |
Announcements
5 filingsShareholding Pattern
Open on BSEFinancial Results — Filings
Open on BSEBoard Filings
Open on BSEAnnual Reports
Credit Ratings
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Rating update13 Oct 2025 from icra
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Rating update7 Oct 2024 from icra
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Rating update10 Aug 2023 from icra
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Rating update30 Jun 2022 from icra
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Rating update30 Mar 2021 from icra
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Rating update23 Oct 2020 from icra