Page Industries Ltd Stock Falls to 52-Week Low of Rs.34,035.95

Stock Price Movement and Market Context

On 12 Jan 2026, Page Industries Ltd’s share price touched Rs.34,035.95, the lowest level in the past year, reflecting a cumulative decline of 26.7% over the last 12 months. This contrasts sharply with the Sensex, which has gained 8.0% during the same period. The stock’s 52-week high stood at Rs.50,470.60, underscoring the extent of the recent correction.

Despite the recent dip, the stock outperformed its sector by 0.98% on the day of the new low, and showed signs of a short-term rebound after two consecutive days of decline. However, Page Industries continues to trade below all key moving averages – the 5-day, 20-day, 50-day, 100-day, and 200-day – indicating sustained downward pressure on the price.

Meanwhile, the broader market opened lower, with the Sensex starting at 83,435.31, down 140.93 points (-0.17%), and currently trading marginally lower at 83,541.55 (-0.04%). The Sensex remains 3.13% shy of its 52-week high of 86,159.02, and is positioned below its 50-day moving average, though the 50DMA itself is above the 200DMA, signalling mixed market momentum.

Financial Performance and Valuation Metrics

Page Industries’ recent quarterly earnings revealed a subdued performance, with earnings per share (EPS) at Rs.17.52, the lowest recorded in the recent period. The company reported flat results for the quarter ended September 2025, which contributed to the cautious sentiment among investors.

Despite the stock’s price decline, the company’s profits have grown by 23.1% over the past year, reflecting underlying operational resilience. However, this growth has not translated into share price appreciation, partly due to valuation concerns. The company’s return on equity (ROE) remains robust at 54.2%, indicating strong profitability relative to shareholder equity.

Valuation metrics suggest that Page Industries is trading at a premium, with a price-to-book (P/B) ratio of 27.2, which is significantly higher than the average historical valuations of its peers. The price-to-earnings-to-growth (PEG) ratio stands at 2.2, signalling that the stock’s price growth has outpaced earnings growth, contributing to its classification as ‘Sell’ by MarketsMOJO, which downgraded the stock from ‘Hold’ on 23 Sep 2025. The company’s Mojo Score is 44.0, reflecting a cautious outlook.

Long-Term Performance and Sector Positioning

Over the longer term, Page Industries has underperformed key benchmarks. The stock has delivered negative returns not only in the past year but also relative to the BSE500 index over the last three years, one year, and three months. This underperformance highlights challenges in sustaining momentum despite the company’s strong fundamentals.

Page Industries holds a dominant position in the Garments & Apparels sector, with a market capitalisation of approximately Rs.38,291 crores, making it the largest company in the sector. It accounts for 25.01% of the sector’s market cap and contributes 12.11% to the industry’s annual sales, which total Rs.5,018.54 crores. This scale underscores the company’s significant influence within its industry.

Institutional investors hold a substantial 52.45% stake in the company, reflecting confidence from entities with extensive analytical resources. The company’s low average debt-to-equity ratio of 0.02 times further emphasises its conservative capital structure and financial stability.

Technical and Trend Analysis

Technically, the stock’s position below all major moving averages indicates a bearish trend in the near to medium term. The recent trend reversal after two days of decline suggests some short-term buying interest, but the overall momentum remains subdued. The day’s price change was a marginal decline of 0.22%, indicating limited volatility despite the new low.

Comparatively, the Sensex’s mixed signals, trading below its 50-day moving average but with the 50DMA above the 200DMA, reflect a market in cautious balance, which may be influencing the stock’s performance.

Summary of Key Metrics

To summarise, Page Industries Ltd’s stock has experienced a notable decline to Rs.34,035.95, its lowest in 52 weeks, reflecting a 26.7% drop over the past year. This contrasts with the Sensex’s positive 8.0% return in the same period. The company’s EPS for the latest quarter was Rs.17.52, with flat quarterly results reported in September 2025.

Valuation remains elevated with a P/B ratio of 27.2 and a PEG ratio of 2.2, despite a strong ROE of 54.2%. The company’s market cap of Rs.38,291 crores and sector dominance underscore its importance in the Garments & Apparels industry. Institutional holdings at 52.45% and a low debt-to-equity ratio of 0.02 times highlight financial strength and investor confidence.

Technically, the stock’s position below all major moving averages and recent trend patterns indicate ongoing pressure on the share price, even as it shows minor signs of recovery after the recent lows.

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