Shares of Page Industries were trading lower today, with the stock down 0.76% to Rs 40,925. Trading volume was high for the stock.
Page Industries, a constituent of the Nifty Midcap 150 index, experienced high trading volume in today's session. At a last traded price of Rs 40,925, the stock was down by 0.76% from its previous close.
Financial Performance
In the quarter ending June 2025, Page Industries reported sales of Rs 1,316 Crore. The company's total income for the quarter was Rs 1,331 Crore, and total expenditure amounted to Rs 1,048 Crore. The earnings before interest and taxes (EBIT) stood at Rs 282 Crore, while the net profit was Rs 200 Crore.
The standalone annual income statement for the year ending March 2025 shows sales of Rs 4,934 Crore and other income of Rs 61 Crore, bringing the total income to Rs 4,996 Crore. Total expenditure for the same period was Rs 3,971 Crore, resulting in an EBIT of Rs 1,024 Crore and a net profit of Rs 729 Crore.
Income Statement - Quarterly
Page Industries's financial performance in the quarter ending June 2025, compared to previous quarters, is detailed below:
Particulars
Jun 2025 (₹ Crore)
Mar 2025 (₹ Crore)
Dec 2024 (₹ Crore)
Sep 2024 (₹ Crore)
Jun 2024 (₹ Crore)
Sales
1,316
1,098
1,313
1,246
1,277
Other Income
14
20
14
14
12
Total Income
1,331
1,118
1,327
1,260
1,290
Total Expenditure
1,048
887
1,040
987
1,056
EBIT
282
230
286
273
234
Interest
12
11
11
10
11
Tax
69
54
70
67
57
Net Profit
200
164
204
195
165
Income Statement - Annually
The annual financial performance of Page Industries is presented in the following table:
Particulars
Mar 2025 (₹ Crore)
Mar 2024 (₹ Crore)
Mar 2023 (₹ Crore)
Mar 2022 (₹ Crore)
Mar 2021 (₹ Crore)
Sales
4,934
4,581
4,788
3,886
2,832
Other Income
61
19
14
20
19
Total Income
4,996
4,601
4,803
3,907
2,852
Total Expenditure
3,971
3,800
4,003
3,166
2,369
EBIT
1,024
801
799
740
483
Interest
46
44
41
32
29
Tax
249
187
186
172
112
Net Profit
729
569
571
536
340
The sales for Page Industries in March 2025 stood at Rs 4,934 Crore, compared to Rs 4,581 Crore in March 2024, representing an increase. Total income for March 2025 was Rs 4,996 Crore, up from Rs 4,601 Crore in March 2024. Net profit increased to Rs 729 Crore in March 2025 from Rs 569 Crore in March 2024.
Balance Sheet
Key financial figures from the balance sheet for the year ending March 2025 include share capital of Rs 11 Crore and reserves & surplus of Rs 1,396 Crore. The company's current liabilities were Rs 1,010 Crore, and other liabilities totaled Rs 225 Crore, resulting in total liabilities of Rs 2,643 Crore. The assets side shows fixed assets of Rs 829 Crore, current assets of Rs 1,742 Crore, and other assets of Rs 70 Crore, with total assets matching the total liabilities at Rs 2,643 Crore.
Particulars
Mar 2025 (₹ Crore)
Mar 2024 (₹ Crore)
Mar 2023 (₹ Crore)
Mar 2022 (₹ Crore)
Mar 2021 (₹ Crore)
Share Capital
11
11
11
11
11
Reserves & Surplus
1,396
1,585
1,359
1,077
873
Current Liabilities
1,010
938
1,193
936
712
Other Liabilities
225
147
128
81
102
Total Liabilities
2,643
2,682
2,692
2,106
1,699
Fixed Assets
829
726
635
467
414
Current Assets
1,742
1,875
1,964
1,568
1,225
Other Assets
70
80
92
71
60
Total Assets
2,643
2,682
2,692
2,106
1,699
Contingent Liabilities
104
233
286
149
33
Cash Flow Statement
The cash flow statement for the year ending March 2025 indicates cash flow from operating activities at Rs 1,203 Crore, from investing activities at Rs 11 Crore, and from financing activities at -Rs 1,010 Crore, resulting in a net cash flow of Rs 205 Crore.
Particulars
Mar 2025 (₹ Crore)
Mar 2024 (₹ Crore)
Mar 2023 (₹ Crore)
Mar 2022 (₹ Crore)
Mar 2021 (₹ Crore)
Operating Activities
1,203
1,080
-1
326
695
Investing Activities
11
-369
30
118
-401
Financing Activities
-1,010
-621
-174
-396
-365
Others
0
0
0
0
0
Net Cash Flow
205
89
-144
49
-71
Financial Ratios
Concerning financial ratios, the basic and diluted EPS for March 2025 both stood at Rs 653.71. The book value per share was Rs 1,261.61, and the dividend per share was Rs 900. The face value was Rs 10. Margin ratios show a gross profit margin of 22.78%, an operating margin of 20.76%, and a net profit margin of 14.77%. Return ratios include a return on net worth/equity of 51.81%, a ROCE of 62.78%, and a return on assets of 27.58%. Liquidity ratios reveal a current ratio of 1.72 and a quick ratio of 0.87. Leverage ratios indicate a debt-to-equity ratio of 0.00 and an interest coverage ratio of 24.24. Turnover ratios show an asset turnover ratio of 1.85 and an inventory turnover ratio of 4.84. Growth ratios include a 3-year CAGR sales of 12.68% and a 3-year CAGR net profit of 16.58%. Valuation ratios show a P/E ratio of 65.31, a P/B ratio of 33.90, an EV/EBITDA of 42.01 and a P/S of 9.67.
Particulars
Mar 2025
Mar 2024
Mar 2023
Mar 2022
Mar 2021
Basic EPS (Rs.)
653.71
510.31
512.15
481.03
305.35
Diluted Eps (Rs.)
653.71
510.31
512.15
481.03
305.35
Book Value /Share (Rs.)
1,261.61
1,431.71
1,229.20
976.00
793.33
Dividend/Share (Rs.)
900.00
370.00
250.00
370.00
250.00
Face Value
10
10
10
10
10
Particulars
Mar 2025
Mar 2024
Mar 2023
Mar 2022
Mar 2021
Gross Profit Margin (%)
22.78
19.47
18.32
20.74
19.27
Operating Margin (%)
20.76
17.49
16.69
19.06
17.05
Net Profit Margin (%)
14.77
12.42
11.92
13.80
12.02
Particulars
Mar 2025
Mar 2024
Mar 2023
Mar 2022
Mar 2021
Return on Networth / Equity (%)
51.81
35.64
41.66
49.28
38.48
ROCE (%)
62.78
45.94
53.32
63.29
48.92
Return On Assets (%)
27.58
21.21
21.21
25.46
20.03
Particulars
Mar 2025
Mar 2024
Mar 2023
Mar 2022
Mar 2021
Current Ratio (X)
1.72
2.00
1.65
1.67
1.72
Quick Ratio (X)
0.87
0.75
0.31
0.63
0.94
Particulars
Mar 2025
Mar 2024
Mar 2023
Mar 2022
Mar 2021
Debt to Equity (x)
0.00
0.00
0.18
0.00
0.00
Interest Coverage Ratios (X)
24.24
19.87
21.26
25.05
16.25
Particulars
Mar 2025
Mar 2024
Mar 2023
Mar 2022
Mar 2021
Asset Turnover Ratio (%)
1.85
1.70
2.00
2.04
166.65
Inventory Turnover Ratio (X)
4.84
0.82
1.16
1.32
5.11
Particulars
Mar 2025
Mar 2024
Mar 2023
Mar 2022
Mar 2021
3 Yr CAGR Sales (%)
12.68
27.17
27.50
16.73
5.37
3 Yr CAGR Net Profit (%)
16.58
29.28
29.01
16.70
-0.93
Particulars
Mar 2025
Mar 2024
Mar 2023
Mar 2022
Mar 2021
P/E (x)
65.31
67.51
74.01
89.79
99.29
P/B (x)
33.90
24.05
30.86
44.25
38.24
EV/EBITDA (x)
42.01
42.68
48.49
59.39
61.17
P/S (x)
9.67
8.38
8.84
12.40
11.94
Corporate Actions
Page Industries had announced an investor meet scheduled on September 26, 2025. The company also announced the appointment of a Chief People Officer on September 1, 2025.
The company announced an interim dividend of Rs 150 per share (1500%) on July 14, 2025, with an effective date of August 13, 2025.
Analyst Opinion
A Moneycontrol analysis has indicated a very bearish sentiment for Page Industries.
With the stock's last traded price at Rs 40,925, Page Industries saw high trading volume in today's session.