⚠ Disclaimer: This report is generated using AI tools and is for informational purposes only. It does not constitute investment advice. Please consult a registered financial advisor before making any investment decisions.
PAGEIND - Fundamental Analysis: Financial Health & Valuation
Back to ListFundamental Rating: 3.7
| Stock Code | PAGEIND | Market Cap | 35,259 Cr. | Current Price | 31,600 ₹ | High / Low | 50,590 ₹ |
| Stock P/E | 45.5 | Book Value | 1,263 ₹ | Dividend Yield | 2.85 % | ROCE | 59.4 % |
| ROE | 48.5 % | Face Value | 10.0 ₹ | DMA 50 | 33,188 ₹ | DMA 200 | 38,295 ₹ |
| Chg in FII Hold | -2.49 % | Chg in DII Hold | 2.26 % | PAT Qtr | 215 Cr. | PAT Prev Qtr | 195 Cr. |
| RSI | 46.8 | MACD | -754 | Volume | 18,119 | Avg Vol 1Wk | 18,254 |
| Low price | 29,800 ₹ | High price | 50,590 ₹ | PEG Ratio | 4.23 | Debt to equity | 0.19 |
| 52w Index | 8.66 % | Qtr Profit Var | 5.20 % | EPS | 672 ₹ | Industry PE | 21.2 |
📊 Financial Overview
- Revenue & Profitability: Quarterly PAT rose to ₹215 Cr. from ₹195 Cr. (+5.2%). ROE (48.5%) and ROCE (59.4%) are exceptionally strong, reflecting outstanding efficiency and profitability.
- Debt & Liquidity: Debt-to-equity at 0.19 indicates low leverage, ensuring financial stability.
- Valuation: P/E of 45.5 is significantly higher than industry average (21.2), suggesting overvaluation. P/B ~25.0 indicates premium pricing relative to book value. PEG ratio (4.23) highlights expensive growth expectations.
- Technical Indicators: RSI at 46.8 shows neutral momentum; MACD at -754 indicates bearish trend. Current price ₹31,600 is below DMA 50 (₹33,188) and DMA 200 (₹38,295), signaling weakness.
🏢 Business Model & Competitive Advantage
- Page Industries (PAGEIND) is the exclusive licensee of Jockey International in India, manufacturing and distributing premium innerwear, leisurewear, and sportswear.
- Competitive advantage lies in strong brand recognition, premium positioning, and wide distribution network across India.
💡 Entry Zone Recommendation
- Entry zone: ₹30,000–₹32,000, near support levels.
- Attractive for long-term investors due to strong fundamentals, but caution advised given high valuation.
📈 Long-Term Holding Guidance
- Suitable for long-term holding due to strong ROE/ROCE and brand leadership.
- Upside potential tied to premium apparel demand and expansion in lifestyle categories.
✅ Positive
- Exceptional ROE (48.5%) and ROCE (59.4%).
- Low debt-to-equity ratio (0.19).
- Dividend yield of 2.85% adds investor appeal.
- Quarterly PAT growth (+5.2%).
- DII holdings increased (+2.26%).
⚠️ Limitation
- High P/E (45.5) compared to industry average (21.2).
- P/B ratio (~25.0) indicates expensive valuation.
- Stock trading below DMA 50 and DMA 200, showing bearish trend.
📉 Company Negative News
- Bearish technical indicators (MACD negative, price below DMA).
- FII holdings reduced (-2.49%).
📈 Company Positive News
- Quarterly PAT increased from ₹195 Cr. to ₹215 Cr.
- DII holdings increased (+2.26%).
- Strong dividend payout supports investor confidence.
🏭 Industry
- Apparel industry P/E at 21.2, much lower than Page Industries’ valuation.
- Sector growth driven by rising demand for branded innerwear, lifestyle apparel, and premium positioning.
🔎 Conclusion
- Page Industries is fundamentally strong with exceptional efficiency and brand leadership but trades at expensive valuations.
- Entry near ₹30,000–₹32,000 is attractive for long-term investors; recommended as a cautious holding with strong dividend support and sector tailwinds.