Page Industries Falls to 52-Week Low of Rs. 38,640.65 Amidst Market Headwinds

On 20 Nov 2025, Page Industries' stock price touched Rs. 38,640.65, reflecting a continuation of a downward trend over the past four trading sessions. During this period, the stock has recorded a cumulative return of -2.35%, underperforming its sector by 0.29% on the day. The stock currently trades below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, indicating sustained pressure on its price momentum.

In contrast, the broader market has shown strength. The Sensex opened 284.45 points higher and traded at 85,471.52, a new 52-week high, supported by mega-cap stocks leading the gains. The Sensex is positioned above its 50-day moving average, which itself is above the 200-day moving average, signalling a bullish trend for the benchmark index. This divergence highlights the relative weakness in Page Industries compared to the overall market.

Over the last year, Page Industries has recorded a total return of -12.47%, while the Sensex has delivered a positive return of 10.18%. This underperformance extends beyond the last 12 months, with the stock lagging the BSE500 index in each of the past three annual periods. The 52-week high for Page Industries was Rs. 50,470.60, underscoring the extent of the recent price decline.

Financially, Page Industries reported flat results in the quarter ending September 2025, with earnings per share (EPS) at Rs. 17.52, the lowest quarterly EPS recorded recently. Despite this, the company’s return on equity (ROE) remains robust at 54.2%, reflecting strong profitability relative to shareholder equity. However, the stock’s price-to-book value stands at a high 30.8, indicating a valuation premium compared to its peers’ historical averages.

Profit growth over the past year has been recorded at 23.1%, while the price-to-earnings-to-growth (PEG) ratio is 2.5, suggesting that the stock’s price may be reflecting expectations of sustained growth. Operating profit has grown at an annual rate of 30.74%, and the company maintains a low average debt-to-equity ratio of 0.02 times, highlighting a conservative capital structure.

Page Industries holds a dominant position in its sector, with a market capitalisation of approximately Rs. 43,344 crore, making it the largest company in the garments and apparels industry. It accounts for 25.46% of the sector’s market cap and contributes 12.04% of the industry’s annual sales, which total Rs. 5,018.54 crore. Institutional investors hold a significant stake of 52.45%, reflecting confidence from entities with substantial analytical resources.

Despite the recent price decline, Page Industries continues to demonstrate strong long-term fundamentals. The average return on equity over time is 45.83%, and the company’s operating profit growth rate remains healthy. The low leverage ratio further supports financial stability. However, the stock’s valuation metrics and recent price action suggest that market participants are factoring in a cautious outlook.

In summary, Page Industries’ stock has reached a notable 52-week low of Rs. 38,640.65 amid a market environment where the broader indices are performing well. The stock’s underperformance relative to the Sensex and its sector, combined with valuation considerations and recent earnings data, provide context for the current price level. Investors analysing the garment and apparel sector may find these data points relevant when assessing the stock’s position within the market landscape.

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