Page Industries Falls to 52-Week Low of Rs.38,750 Amidst Market Pressure

The stock of Page Industries, a leading player in the Garments & Apparels sector, has been trading below all key moving averages, including the 5-day, 20-day, 50-day, 100-day, and 200-day averages. This technical positioning reflects sustained downward momentum over recent sessions. Over the last two trading days, the stock has recorded a cumulative return of -2.48%, underperforming its sector by 0.96% on the day of the new low.

In comparison, the broader market benchmark, the Sensex, opened positively with a gain of 91.42 points but later declined by 177.22 points, currently trading at 84,865.15, which is approximately 0.1% lower on the day. Despite this, the Sensex remains close to its 52-week high of 85,290.06, trading just 0.5% below that peak. The index is supported by bullish technical indicators, with the 50-day moving average positioned above the 200-day moving average, signalling a generally positive market trend contrasting with Page Industries’ recent performance.

Over the past year, Page Industries has recorded a negative return of -11.85%, contrasting with the Sensex’s positive return of 9.71% over the same period. The stock’s 52-week high was Rs.50,470.6, indicating a substantial decline from its peak price. This underperformance extends beyond the last year, as the stock has consistently lagged behind the BSE500 index in each of the previous three annual periods.

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 recently. Despite this, Page Industries maintains a strong return on equity (ROE) of 54.2%, reflecting robust profitability relative to shareholder equity. However, the stock’s valuation remains elevated, with a price-to-book value of 31.3, indicating a 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 stands at 2.5, suggesting that the stock’s price growth has outpaced earnings growth to some extent. Operating profit has grown at an annual rate of 30.74%, highlighting healthy long-term growth trends within the company’s operations.

Page Industries’ balance sheet shows 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.

With a market capitalisation of Rs.44,052 crore, Page Industries is the largest company in the Garments & Apparels sector, representing 25.76% of the sector’s total market value. Its annual sales of Rs.5,018.54 crore account for 12.04% of the industry’s total sales, underscoring its dominant position within the sector.

Despite the recent price decline, Page Industries continues to demonstrate strong long-term fundamental strength, with an average ROE of 45.83% and consistent operating profit growth. The company’s low leverage and significant institutional ownership provide a stable financial foundation. However, the stock’s current valuation metrics and recent price performance reflect a cautious market stance.

In summary, Page Industries’ stock has reached a new 52-week low of Rs.38,750, reflecting a period of price correction amid broader market volatility and sectoral pressures. While the company maintains solid financial fundamentals and a leading market position, its stock price has underperformed key benchmarks and peers over recent periods.

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