Recent Price Movement and Market Context
Page Industries’ stock has been on a downward trajectory for the past five consecutive trading sessions, resulting in a cumulative return of -3.35% over this period. The latest price of Rs. 35,622.55 represents the lowest level the stock has traded at in the last year, falling well below its 52-week high of Rs. 50,470.60. The stock is currently trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, indicating a persistent weakness in price momentum.
In comparison, the broader market index, Sensex, opened flat but has since moved into negative territory, trading at 84,322.19 points, down 0.28% or 41.32 points. The Sensex remains approximately 2.18% below its own 52-week high of 86,159.02, with its 50-day moving average positioned above the 200-day moving average, suggesting a generally positive medium-term market trend despite recent softness.
Performance Over the Past Year
Over the last twelve months, Page Industries has recorded a total return of -27.02%, underperforming the Sensex, which has shown a positive return of 5.18% during the same period. This underperformance extends beyond the one-year horizon, with the stock also lagging behind the BSE500 index over the past three years, one year, and three months. Such relative weakness highlights challenges faced by the company in maintaining investor confidence amid evolving market conditions.
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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’s return on equity (ROE) remains robust at 54.2%, reflecting strong profitability relative to shareholder equity.
The stock’s price-to-book value ratio stands at 28.5, indicating a valuation premium compared to its peers’ historical averages. This premium valuation is notable given the stock’s recent price decline and the broader sector performance.
Over the past year, the company’s profits have shown a rise of 23.1%, while the price-to-earnings-to-growth (PEG) ratio is recorded at 2.3. These figures suggest that while earnings growth has been positive, the stock price has not mirrored this trend, contributing to the current valuation dynamics.
Sector Position and Market Capitalisation
Page Industries holds a significant position within the garments and apparels sector, with a market capitalisation of approximately Rs. 40,154 crore. This makes it the largest company in the sector, accounting for 25.26% of the total sector market cap. The company’s annual sales of Rs. 5,018.54 crore represent 12.11% of the industry’s total sales, underscoring its substantial market presence.
Institutional investors hold a sizeable stake in the company, with 52.45% of shares owned by these entities. Such holdings often reflect a detailed analysis of company fundamentals and long-term prospects by professional investors.
Long-Term Financial Strength
Page Industries demonstrates strong long-term fundamentals, with an average return on equity of 45.83% and an annual operating profit growth rate of 30.74%. The company maintains a low average debt-to-equity ratio of 0.02 times, indicating a conservative capital structure with minimal reliance on debt financing.
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Summary of Current Concerns
The recent decline to the 52-week low price level reflects a combination of factors including subdued quarterly earnings, a valuation premium relative to peers, and a share price that has not aligned with profit growth over the past year. The stock’s performance has lagged behind broader market indices and sector benchmarks, contributing to the current price weakness.
Trading below all major moving averages further signals a cautious market stance towards the stock in the near term. While the company’s fundamentals remain strong in terms of profitability and capital structure, the market’s valuation and price action suggest a period of adjustment.
Market and Sector Overview
The garments and apparels sector continues to be a significant contributor to the Indian equity market, with Page Industries as a key player. Despite the sector’s overall growth, individual stock performance can vary widely based on company-specific factors and broader economic conditions.
Page Industries’ sizeable market share and institutional backing highlight its importance within the sector, even as its stock price navigates a challenging phase marked by the recent 52-week low.
Conclusion
Page Industries’ stock reaching Rs. 35,622.55 today marks a notable point in its price history, reflecting a period of price correction amid mixed financial signals. The company’s strong long-term fundamentals contrast with recent price trends, underscoring the complex interplay between valuation, earnings performance, and market sentiment in the garments and apparels sector.
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