NSE: PAGEIND | BSE: 532827

Mid-range Performer

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44130.00 -135.00 (-0.30%)

6,735 NSE+BSE Volume

NSE 12 Sep, 2025 3:31 PM (IST)

49,222.2

Market Cap

Market Leader

0.8

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.

Page Industries Ltd.

11 Feb 2021

44130.00

-0.30%

Result Update:Page Industries

Hold: Page Industries Ltd.

Target

Axis Direct

We continue to maintain HOLD rating and rasie TP to Rs. 29,364 (Rs.20,998 earlier) while continuing to value the stock at 50x its FY23E EPS as current valuations offer limited upside.

Page Industries Ltd. is trading below all available SMAs

Page Industries Ltd.

11 Feb 2021

44130.00

-0.30%

Page Industries

Hold: Page Industries Ltd.

Target

ICICI Securities Limited

For 9MFY21, revenue declined 19% YoY vs. decline of 66% in Q1FY21. The recovery was mainly driven by high double digit growth for athleisure wear & womenswear. The management highlighted athleisure segment in value terms is nearly close to its largest segment i.e. menswear. The company remains confident of sustainability of demand from athleisure wear based on the stickiness of new trials. Page has accelerated its distribution touchpoints by ~7000 outlets (4000 added in Q3) and expects to exit FY21E with addition of ~10000 outlets. It has a launched bouquet of products...

Page Industries Ltd. has an average target of 46727.17 from 6 brokers.

Page Industries Ltd.

18 Nov 2020

44130.00

-0.30%

Page Industries

Accumulate: Page Industries Ltd.

Recommendation Target

Dolat Capital

On MoM basis, sales improved gradually. The company achieved sales normalization in August and witnessed strong growth in September. Despite GM contraction, better operating efficiency and lower A&P; spends helped EBITDA margins to expand by 310bps. Secondary demand was ahead of primary throughout the quarter, signifying steady increase in sales growth. Going ahead, we believe that the company's focus to increase...

Page Industries Ltd. has an average target of 46727.17 from 6 brokers.

Page Industries Ltd.

17 Nov 2020

44130.00

-0.30%

PAGE INDUSTRIES LIMITED

Accumulate: Page Industries Ltd.

Recommendation Target

Geojit BNP Paribas

EBITDA margin improved by 311bps YoY to 22.3% on account of better product mix and fall in other expenses (24% YoY). Outstanding cash balance improved to Rs409cr due to inventory reduction and efficient working capital management. Strong margin, debt free status and doubling of capacity by 2025 will help to tap vigorous opportunity in the sector. The company opened 60new EBOs in Q2FY21 and expect...

Page Industries Ltd. has an average target of 46727.17 from 6 brokers.

Page Industries Ltd.

17 Nov 2020

44130.00

-0.30%

Result Update:Page Industries

Hold: Page Industries Ltd.

Recommendation Target

Axis Direct

Page Industries'(PAGE) Q2FY21 revenue at Rs 740 crs was broadly in-line with our estimates at Rs 755 Crs, and was down 5% YoY led by 13% volume de-growth despite ~9% value growth.

Page Industries Ltd. has an average target of 46727.17 from 6 brokers.

Page Industries Ltd.

13 Nov 2020, 12:00AM

44130.00

-0.30%

Page Industries

Hold: Page Industries Ltd.

Target

ICICI Securities Limited

The supply chain for the company is close to normal levels after issues faced by vendors during the initial period of the quarter. Revenue trajectory has been on an upward trend on a MoM basis, with August sales reaching preCovid levels while from September it witnessed double digit growth. The momentum is expected to sustain running into the festive season. Currently, 94% of MBOs, 100% EBOs and 92% of LFS are operational. E-commerce channels have seen significant growth with both, own website and third party platforms revenue share increasing. The company added 60 new exclusive Jockey outlets taking the total store count to ~800+....

Page Industries Ltd. has an average target of 46727.17 from 6 brokers.

Page Industries Ltd.

09 Sep 2020

44130.00

-0.30%

EARNINGS UPDATE- PAGE INDUSTRIES 1QFY21

Buy: Page Industries Ltd.

Recommendation Target

Chola Wealth Direct

Background: Page Industries is the exclusive licensee of Jockey International Inc (USA) to manufacture and distribute Jockey brand in India, Sri Lanka, Nepal, Bangladesh and UAE till 2040. They broadly operate in premium men's innerwear; women's innerwear and leisure wear segments. Jockey enjoys high brand recall and they spend ~5% of their annual sales for brand building and promotional activity, which enables them to dominate most of the segments in which they operate. They are also exclusive licensee of Speedo swimwear brand in India. Page has network in ~250 cities and ~760 exclusive brand outlets in India. They...

Number of FII/FPI investors increased from 728 to 776 in Jun 2025 qtr.

Page Industries Ltd.

07 Sep 2020

44130.00

-0.30%

Result Update:Page Industries

Sell: Page Industries Ltd.

Axis Direct

Page Industries (PAGE) Q1FY21 revenue at Rs285 Crs was a sharp miss on our estimates (Est. Rs 405 Crs), and was down 66%/47% YoY/QoQ impacted by steep fall in volumes (down 69%). Volume decline was primarily due to 2/3rd of quarter being washed out due to lockdowns leading

Page Industries Ltd. has an average target of 46727.17 from 6 brokers.

Page Industries Ltd.

04 Sep 2020

44130.00

-0.30%

Page Industries

Hold: Page Industries Ltd.

Target

ICICI Securities Limited

As on date, 96% of EBOs (742), 90% of large format stores (1928 stores) and 80% of multi branded outlets (54000+ touch points) are operational. The company is currently operating at 85% capacity utilisation. E-commerce channels have seen significant growth with both own website and outside e-com platform revenue share increasing. In the offline space, recovery in LFS has been sluggish owing to lower footfalls in malls. The management indicated healthy recovery especially in the athleisure segment from July. Also, primary sales in August have almost reached 100% of pre-Covid level...

Number of FII/FPI investors increased from 728 to 776 in Jun 2025 qtr.

Page Industries Ltd.

03 Sep 2020

44130.00

-0.30%

Page Industries

Buy: Page Industries Ltd.

Target

Dolat Capital

In addition to contraction in GM, employee expenses remained firm resulted in EBITDA loss during the quarter. GM contraction for the third consecutive quarter was the most discouraging....

Number of FII/FPI investors increased from 728 to 776 in Jun 2025 qtr.

Is Page Industries Ltd. worth buying?

365 Votes:

Buy 66.03%

Sell 21.37%

Hold 12.6%

RESEARCH REPORTS

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