Page Industries Stock Falls to 52-Week Low of Rs. 38,640.65

On 20 Nov 2025, Page Industries recorded its lowest stock price in the past year, closing at Rs. 38,640.65. This decline comes after four consecutive days of losses, during which the stock has returned -2.35%. Despite this, the stock marginally outperformed its sector by 0.29% on the day. The current price level is notably below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages, indicating a sustained downward trend in the short to long term.

In contrast, the broader market has shown resilience, with the Sensex opening 284.45 points higher and trading at a new 52-week high of 85,471.52. The Sensex's 50-day moving average remains above its 200-day moving average, signalling a bullish trend. Mega-cap stocks have been the primary drivers of this market strength, contributing to the Sensex's 0.33% gain on the day.

Over the past year, Page Industries has underperformed the benchmark indices. The stock has delivered a return of -12.47%, while the Sensex has recorded a positive return of 10.18% over the same period. The stock's 52-week high was Rs. 50,470.60, highlighting the extent of the recent price contraction.

Page Industries operates within the garments and apparels sector, where it holds a dominant position with a market capitalisation of approximately Rs. 43,344 crores. This represents 25.46% of the entire sector's market cap. The company’s annual sales stand at Rs. 5,018.54 crores, accounting for 12.04% of the industry’s total sales. Despite its size and sector leadership, the stock’s recent price movement reflects a cautious market stance.

Financially, the company reported flat results in the quarter ending September 2025, with earnings per share (EPS) at Rs. 17.52, the lowest quarterly EPS recorded in recent periods. The return on equity (ROE) remains robust at 54.2%, indicating strong profitability relative to shareholder equity. However, the stock’s price-to-book value ratio is elevated at 30.8, suggesting a premium valuation compared to peers and historical averages.

Over the last year, Page Industries’ profits have shown a growth rate of 23.1%, while the price-to-earnings-to-growth (PEG) ratio stands at 2.5. This indicates that the stock’s price growth has not kept pace with earnings growth, which may contribute to the current valuation pressures. Additionally, the company’s consistent underperformance relative to the BSE500 index over the past three years has been a factor in the stock’s subdued returns.

From a fundamental perspective, Page Industries exhibits strong long-term financial health. The average return on equity over time is 45.83%, and operating profit has grown at an annual rate of 30.74%. The company maintains a low average debt-to-equity ratio of 0.02 times, reflecting minimal leverage. Institutional investors hold a significant stake of 52.45%, indicating confidence from entities with extensive analytical resources.

Despite the recent price decline, Page Industries remains the largest company in its sector by market capitalisation. The stock’s current trading below all major moving averages reflects a cautious market environment, while the broader indices continue to show strength. The company’s financial metrics reveal a blend of strong profitability and premium valuation, which may be influencing the stock’s price dynamics.

In summary, Page Industries’ stock reaching a 52-week low of Rs. 38,640.65 highlights a period of price adjustment amid mixed financial signals and sector conditions. The stock’s performance contrasts with the broader market’s upward momentum, underscoring the differentiated trends within the garments and apparels sector.

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