NSE: PAGEIND | BSE: 532827

Falling Comet

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38320.00 -610.00 (-1.57%)

New 52W Low today

21,328 NSE+BSE Volume

NSE 28 Nov, 2025 3:31 PM (IST)

42,741.7

Market Cap

Market Runner Up

Beta 1Year

Low volatility

Page Industries Ltd. share price target and research reports

Latest analyst research reports with target prices and PDF download for PAGEIND, BSE:532827 Page Industries Ltd.

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Page Industries Ltd.

14 Nov 2025

38320.00

-1.57%

Weak Q2; physical channels dragging growth; Reduce

Sell: Page Industries Ltd.

Target

Emkay

We retain REDUCE on PAG and Sep-26E TP of Rs39,450 (45x P/E), as sub-par growth trends continued in Q2. PAG’s Q2 EBITDA was 6-18% lower than street’s/our estimates, on a 2-6% revenue miss and 100-300bps lower EBITDA margin.

Emkay decreased Sell price target of Page Industries Ltd. to 39450.0 on 14 Nov, 2025.

Page Industries Ltd.

13 Nov 2025

38320.00

-1.57%

Uninspiring performance; growth recovery awaited

Buy: Page Industries Ltd.

Target

Motilal Oswal

Page Industries (PAGE) reported muted revenue growth of 4% YoY, with volume growth of 2.5% (est. 4%; 2% in 1QFY26) to 56.6m units.

Page Industries Ltd. has an average target of 44873.20 from 5 brokers.

Page Industries Ltd.

07 Aug 2025

38320.00

-1.57%

Muted performance; expect quick growth recovery

Buy: Page Industries Ltd.

Target

Motilal Oswal

In 1QFY26, Page Industries (PAGE) reported weaker revenue growth of 3% YoY, with volume growth of 2% (est. 9%; 8.5% in 4QFY25) to 58.6m units.

Page Industries Ltd. has an average target of 44873.20 from 5 brokers.

Page Industries Ltd.

25 Jun 2025

38320.00

-1.57%

PAGE INDUSTRIES LIMITED

Hold: Page Industries Ltd.

Target

Geojit BNP Paribas

Emkay decreased Sell price target of Page Industries Ltd. to 39450.0 on 14 Nov, 2025.

Page Industries Ltd.

15 May 2025

38320.00

-1.57%

Strong volume growth with robust margin expansion

Buy: Page Industries Ltd.

Motilal Oswal

Page Industries (PAGE) reported 11% YoY sales growth in 4QFY25 (est. 8%; 7% in 3QFY25) and ~9% volume growth (est. 6%; 5% in 3QFY25) to 49m units. Volume growth was driven by consistent efforts in product innovation, marketing and distribution.

Number of FII/FPI investors decreased from 776 to 704 in Sep 2025 qtr

Page Industries Ltd.

25 Feb 2025

38320.00

-1.57%

PAGE INDUSTRIES LIMITED

Hold: Page Industries Ltd.

Target

Geojit BNP Paribas

Number of FII/FPI investors decreased from 776 to 704 in Sep 2025 qtr

Page Industries Ltd.

06 Feb 2025

38320.00

-1.57%

Result Update:Page Industries

Hold: Page Industries Ltd.

Target

Axis Direct

With a 7% downside from the CMP, we maintain our HOLD rating on the stock.

Number of FII/FPI investors decreased from 776 to 704 in Sep 2025 qtr

Page Industries Ltd.

06 Feb 2025

38320.00

-1.57%

Underwhelming print; improvement in growth to be gradual

Hold: Page Industries Ltd.

Target

ICICI Securities Limited

Page Industries (PAGE) had underwhelming growth in revenue (+7% YoY) and volume (5% YoY) amidst demand challenges, leading to sequential deceleration, while channel inventory has largely normalised.

Page Industries Ltd. is trading below all available SMAs

Page Industries Ltd.

05 Feb 2025

38320.00

-1.57%

Moderate volume growth; beat on margins

Buy: Page Industries Ltd.

Motilal Oswal

Page Industries (PAGE) reported 7% YoY sales growth in 3QFY25 (est. 10%; 11% in 2QFY25), with 5% volume growth (est. 6%; 7% in 2QFY25) to 58m units.

Page Industries Ltd. has an average target of 44873.20 from 5 brokers.

Page Industries Ltd.

05 Feb 2025

38320.00

-1.57%

Q3 beat on good margin execution; demand trends remain sluggish

Sell: Page Industries Ltd.

Recommendation Target

Emkay

PAG’s Q3 EBITDA was 7-19% ahead of street/our estimates, largely led by 250- 370bps better margin, as topline was 1-5% lower. Revenue growth moderated to 7% (vs 11% in Q2) due to muted demand environment.

Page Industries Ltd. is trading below all available SMAs

Is Page Industries Ltd. worth buying?

377 Votes:

Buy 66.58%

Sell 20.95%

Hold 12.47%

RESEARCH REPORTS

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