Page Industries share price today

Page Industries Ltd's share price was ₹35,750.00 at the close on 4 November 2026. It has been falling for 7 weeks. That is 4.6% below its average price over the last 200 trading days. In the last 52 weeks it traded between ₹30,285 and ₹43,610, and at that close it sat 41% of the way up from that low.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). Today Page Industries Ltd is in stage 4. The phase helps read everything below.

Over the past 13 weeks it has done worse than the NIFTY 500, and it has been behind for 15 weeks running.

Over the last 11 years the share price moved +215% while the NIFTY 500 moved +251%, so it is behind the index over that whole period. It was last ahead over 13 weeks in the week of 24 July 2026. The chart above shows the 13-week comparison for every week.

This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.

Three changes stood out: revenue up on a year earlier for 11 quarters in a row (every quarter we can compare), foreign funds (FIIs) cut their stake for 5 quarters in a row and lowest operating margin in 8 quarters.

1. Revenue up on a year earlier for 11 quarters in a row (every quarter we can compare)

   In the June 2026 quarter revenue was ₹1,420 crore, +7.8% on a year earlier.

   Why: Sales rose because demand was healthy, though late quarter logistics and staffing problems stopped some sales from being billed.

   Next results: check whether the late billing and staffing problems clear so the undelivered sales show up.

   From the earnings call on 13 Aug 2026.

2. Foreign funds (FIIs) cut their stake for 5 quarters in a row

   From 24% to 18.8% of the company by the September 2026 quarter.

3. Lowest operating margin in 8 quarters

   Operating margin was 20% in the June 2026 quarter, against 22% a year earlier.

   Why: Margins fell because cotton and synthetic costs rose, and the company absorbed some of that to keep prices low for shoppers.

   Next results: check whether the May price rise starts to show and helps margins recover.

   From the earnings call on 13 Aug 2026.

For April to June 2026 (the quarter ended 30 June 2026), Page Industries reported revenue of ₹1,420 crore, up 7.8% from ₹1,317 crore a year earlier, and a profit of ₹193 crore, down 4.0% from ₹201 crore.

Page Industries results: April to June 2026 against a year earlier

The next results, for July to September 2026, are due by 14 November 2026: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter).

Page Industries' management discussed these results on a call held on 13 August 2026; what it said is further down this page.

From the company's reported quarterly results (quarter ended 30 June 2026). Revenue and profit in ₹ crore.

Page Industries closed at ₹35,750.00 on 4 November 2026, down 10.0% from ₹39,740.00 a year earlier (7 November 2025) and down 8.9% over five years. Its highest weekly close since March 2016 was ₹53,453.20 on 7 October 2022.

Page Industries share price: then and now

Weekly closing prices. Each change is the move from that price to the 4 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes.

560 weekly closes from 11 March 2016 to 4 November 2026.

4 Nov 2026: Page Industries closed at ₹35,750.00, up 3.6% on the week and down 2.5% on the month. 19 Aug 2026: ex-date for an interim dividend of ₹200 a share.

Earlier

• 13 Aug 2026: Page Industries held its results call for April to June 2026. Management guided: FY27 double-digit volume growth goal, phased across quarters.
• Results for April to June 2026: Revenue up 7.8% and profit down 4.0% on a year earlier.
• 27 May 2026: ex-date for an interim dividend of ₹150 a share.
• 11 Feb 2026: ex-date for an interim dividend of ₹125 a share.
• 19 Nov 2025: ex-date for an interim dividend of ₹125 a share.

Page Industries paid ₹600 a share in regular dividends in the 12 months to 5 November 2026 (4 payments), a yield of 1.68% at the ₹35,750.00 close on 4 November 2026. The last was an interim dividend of ₹200 a share, ex-date 19 August 2026.

Page Industries dividends since 1 April 2021

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date.

Yes. Page Industries Ltd paid out 80% of its profit as dividends in FY26, and it paid a dividend in each of its last 13 reported years.

From the NSE corporate-actions record, read 5 November 2026.

On the call for April to June 2026, held on 13 August 2026, Page Industries' management guided: FY27 double-digit volume growth goal, phased across quarters.

“In fact, we are now looking at augmenting capacity and investing above plan in manufacturing to make sure that we can address the demand coming our way through both in-house and outsourced production.”Karthik Yathindra, on the call for April to June 2026

What management guided

• Mid-May price increase gains expected in Q2 under FIFO billing.
• Disney and Marvel character-merchandise revenue expected largely in Q2 after end-June go-to-market.
• Odisha and K.R. Pet scale-up to progressively improve production capability and efficiency.

Management’s own plans and goals, from our notes of the call. A plan is not a result.

Source: the call transcript.

From the call for April to June 2026, 13 August 2026.

When Page Industries reports July to September 2026, these are the 3 checks that show whether the story is still on course. First: Annual volume recovery - check whether deliberate phasing and temporary disruption unwind into sustained billing momentum next quarter.

Page Industries is on 2 of our India lists: Dividend stocks and Small & mid cap stocks.

Page Industries Ltd earned ₹193 Cr of net profit in the Jun 2026 quarter, −4.0% on the same quarter a year earlier. Full-year FY26 profit was ₹764 Cr. Over 10 years profit has grown 12.7% a year on average. That is 13.6% of the quarter's revenue. The same quarter a year earlier earned ₹201 Cr.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

For the full year, FY26 profit was ₹764 Cr (+4.8% on the year before).

Why profit moved: revenue changed +7.8% on a year earlier and the margin moved −2.0 percentage points. Sales did the work while the margin got thinner.

On average over the last four quarters, profit changed −0.6% and revenue +7.8%. Profit is growing slower than sales: rising costs are taking part of the growth.

Page Industries Ltd reported ₹1,420 Cr of revenue in the Jun 2026 quarter, +7.8% on the same quarter a year earlier. That is the 11th quarter in a row with growth on the year before. Over 10 years it has grown 11.3% a year on average. The last full year, FY26, came in at ₹5,247 Cr.

Revenue is everything the company billed its customers in the period.

The last four reported quarters add to ₹5,351 Cr.

FY26 revenue was ₹5,247 Cr, +6.3% on the year before.

Recent pace: the last four quarters grew +7.8% on average, against 11.3% a year over the longer run, so this year is growing slower than its own long-run rate.

Is growth speeding up? Revenue over the last 12 months grew +7.6%, against +7.6% a year over the last 8 quarters (stabilising); profit over the last 12 months grew −1.0%, against +14.7% a year (rolling over).

Page Industries Ltd's operating margin was 20.0% in the Jun 2026 quarter, 2.0 percentage points lower than the same quarter a year ago. Its latest full-year margin is the highest it has ever reported. Across 13 years it has been between 18.0% and 22.0%. The latest quarter is within that range.

Operating margin is what is left from every ₹100 of sales after the costs of running the business, before interest and tax. It shows pricing power and cost control.

Why the margin moved: operating margin changed −2.0 percentage points on the year while gross margin changed −1.9 points. So the drop came mostly from the gross margin, which means input costs and prices charged.

As noted under valuation: when margins are at a record, every ratio built on profit looks better than usual, so a low multiple can mislead.

Over the last 3 years, 149% of Page Industries Ltd's reported profit came in as cash from its operations, so the profit is backed by cash. In FY26 it brought in ₹794 Cr of operating cash against ₹764 Cr of profit. After ₹149 Cr of spending on assets, ₹645 Cr was left over as free cash.

The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.

Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.

Why 149% of profit came in as cash: the cash cycle got 32 days longer between FY21 and FY26, so more of each rupee of profit waits in the business before it arrives.

What to look at next: the bigger use of cash is spending on new assets, at 1.8× depreciation over three years. The next section checks what that spending is building.

Page Industries Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 138 days in FY26, up from 106 days in FY21. It spent ₹534 Cr on assets over the last 3 years. Customers take 14 days to pay, and stock sits for 178 days on average.

Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.

At FY26 sales of ₹5,247 Cr, each day of that cycle ties up about ₹14.4 Cr, so roughly ₹1,984 Cr is tied up in the business at any time.

FY26: customers took 14 days to pay and stock sat for 178 days, about 5.9 months of sales sitting as stock, for a full cycle of 138 days, longer than FY21's 106.

The full loop: cash goes out to suppliers and production on day 0. Stock sits for 178 days. Customers pay about 14 days after that. Suppliers are paid at 55 days. Together that makes the 138-day cycle.

Spending on assets: ₹534 Cr over the last 3 years, against ₹297 Cr of depreciation (the yearly wear and tear on existing assets). So it is building well beyond replacing what wears out. Work still in progress is ₹1.0 Cr (FY26): assets paid for that are not earning yet.

In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns.

Page Industries Ltd's P/E is 51.0×, near the low end of its own history: it has been lower only 4% of the time. Its usual P/E (the middle reading) is 71.6×, over 11 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth.

P/E is the share price divided by a year's profit per share: how many rupees the market pays for each rupee of yearly profit.

The P/E here, and its history, use a profit figure that can leave out one-off items, so it can differ from a P/E worked out on the quarterly results. Those results' earnings per share for the four quarters to Jun 2026 add up to ₹677.64.

Keep one thing in mind: margins are the best this company has ever reported. A multiple that looks low against its own past can mislead when profit is at a record. If margins fall back, today's multiple is higher than it looks.