Recent Price Movement and Market Context
On the trading day, Page Industries recorded an intraday low of Rs 37,588.8, reflecting a 2.0% decline from previous levels. The stock has been on a downward trajectory for three consecutive sessions, cumulatively returning -3.43% over this period. This performance contrasts with the broader market, where the Sensex opened higher at 86,065.92, gaining 0.42% before settling near 85,861.27, still up 0.18% on the day. The Sensex is currently trading close to its 52-week high of 86,055.86, supported by bullish moving averages and a three-week consecutive rise, highlighting a divergence between Page Industries and the broader market trend.
Page Industries underperformed its sector by 1.65% today, with the stock trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. This technical positioning indicates a sustained weakness in price momentum relative to both short-term and long-term trends.
Quarter after quarter, this Small Cap from the Lifestyle sector delivers without fail! Just added to our Reliable Performers with proven staying power. Stability meets growth here beautifully.
- - Consistent quarterly delivery
- - Proven staying power
- - Stability with growth
See the Consistent Performer →
Performance Over the Past Year
Over the last 12 months, Page Industries has recorded a total return of -15.63%, contrasting with the Sensex’s positive return of 7.61% over the same period. The stock’s 52-week high was Rs 50,470.6, indicating a substantial decline from its peak. This underperformance extends beyond the last year, as the stock has consistently lagged behind the BSE500 index in each of the past three annual periods.
Financial Metrics and Valuation
Page Industries reported flat results in the quarter ending September 2025, with earnings per share (EPS) at Rs 17.52, marking the lowest quarterly EPS in recent periods. Despite this, the company maintains a strong return on equity (ROE) of 54.2%, reflecting robust profitability relative to shareholder equity. However, the stock’s price-to-book value stands at 30.2, indicating a premium valuation compared to historical averages and peer companies within the garments and apparels sector.
The company’s profits have shown a growth rate of 23.1% over the past year, while the price-to-earnings-to-growth (PEG) ratio is 2.4, suggesting that the stock’s price growth has not fully aligned with earnings expansion. Operating profit has grown at an annual rate of 30.74%, underscoring healthy long-term growth trends despite recent price pressures.
Balance Sheet and Institutional Holding
Page Industries exhibits a low average debt-to-equity ratio of 0.02 times, indicating minimal leverage and a conservative capital structure. Institutional investors hold a significant stake of 52.45%, reflecting substantial ownership by entities with extensive analytical resources. The company’s market capitalisation stands at Rs 42,547 crore, making it the largest entity in its sector and representing 25.18% of the garments and apparels industry by market cap.
Annual sales for Page Industries amount to Rs 5,018.54 crore, accounting for 12.04% of the sector’s total revenue. These figures highlight the company’s dominant position within its industry despite recent stock price challenges.
Considering Page Industries ? Wait! SwitchER has found potentially better options in Garments & Apparels and beyond. Compare this mid-cap with top-rated alternatives now!
- - Better options discovered
- - Garments & Apparels + beyond scope
- - Top-rated alternatives ready
Sector and Market Position
Within the garments and apparels sector, Page Industries holds a significant market share and is regarded as a key player. Despite the recent stock price decline, the company’s fundamentals remain supported by strong profitability metrics and low leverage. The sector itself has seen positive momentum, with small-cap stocks leading gains and the broader market indices trading near yearly highs.
Summary of Current Concerns
The stock’s recent fall to a 52-week low reflects a combination of factors including valuation pressures, flat quarterly earnings, and a divergence from broader market trends. Trading below all major moving averages signals a cautious technical outlook. Additionally, the stock’s premium valuation metrics relative to peers may be contributing to the subdued price performance.
Potential Recovery Factors
Page Industries’ strong return on equity, healthy operating profit growth, and minimal debt levels provide a foundation of financial strength. The company’s dominant market position and substantial institutional ownership may also support stability in the longer term. However, the current price action indicates that these factors have yet to translate into positive momentum in the stock price.
Conclusion
Page Industries’ stock reaching Rs 37,588.8 marks a notable low point within the last 52 weeks, underscoring a period of price weakness amid broader market strength. While the company maintains solid financial fundamentals and sector leadership, the stock’s valuation and recent earnings performance have coincided with a sustained downward trend. Investors and market participants will continue to monitor how these dynamics evolve in the context of the overall garments and apparels sector and market conditions.
Get 1 year of Weekly Picks FREE when you subscribe to MojoOne. Offer ends soon. Start Saving Now →
