Page Industries shares fall 3.82% on Wednesday; among top losers on Nifty Midcap 150

With the stock ending among the top losers on the Nifty Midcap 150 yesterday, Page Industries' performance reflects the broader market dynamics and investor reactions to the company's financial health and corporate actions.

Alpha Desk

July 17, 2025 / 07:54 IST

Disclaimer This is an AI-assisted live blog with updates from multiple sources Disclaimer

Shares of Page Industries declined 3.82% to Rs 47,145.00 on Wednesday, making it one of the top losers on the Nifty Midcap 150 in yesterday's session. This decline reflects negative investor sentiment towards the stock.

Financial Overview

The following table presents the standalone financial performance of Page Industries:

Particulars	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Sales	Rs 4,934 Crore	Rs 4,581 Crore	Rs 4,788 Crore	Rs 3,886 Crore	Rs 2,832 Crore
Other Income	Rs 61 Crore	Rs 19 Crore	Rs 14 Crore	Rs 20 Crore	Rs 19 Crore
Total Income	Rs 4,996 Crore	Rs 4,601 Crore	Rs 4,803 Crore	Rs 3,907 Crore	Rs 2,852 Crore
Total Expenditure	Rs 3,971 Crore	Rs 3,800 Crore	Rs 4,003 Crore	Rs 3,166 Crore	Rs 2,369 Crore
EBIT	Rs 1,024 Crore	Rs 801 Crore	Rs 799 Crore	Rs 740 Crore	Rs 483 Crore
Interest	Rs 46 Crore	Rs 44 Crore	Rs 41 Crore	Rs 32 Crore	Rs 29 Crore
Tax	Rs 249 Crore	Rs 187 Crore	Rs 186 Crore	Rs 172 Crore	Rs 112 Crore
Net Profit	Rs 729 Crore	Rs 569 Crore	Rs 571 Crore	Rs 536 Crore	Rs 340 Crore

The company's sales for the year-ending March 2025 stood at Rs 4,934 Crore, compared to Rs 4,581 Crore in March 2024, reflecting an increase. The net profit for the year-ending March 2025 was Rs 729 Crore, up from Rs 569 Crore in the previous year. The total income of Page Industries for the year-ending March 2025 was Rs 4,996 Crore, while the total expenditure was Rs 3,971 Crore.

Quarterly Financials

Here is a summary of the quarterly income statement:

Particulars	Mar 2025	Dec 2024	Sep 2024	Jun 2024	Mar 2024
Sales	Rs 1,098 Crore	Rs 1,313 Crore	Rs 1,246 Crore	Rs 1,277 Crore	Rs 995 Crore
Other Income	Rs 20 Crore	Rs 14 Crore	Rs 14 Crore	Rs 12 Crore	Rs 10 Crore
Total Income	Rs 1,118 Crore	Rs 1,327 Crore	Rs 1,260 Crore	Rs 1,290 Crore	Rs 1,006 Crore
Total Expenditure	Rs 887 Crore	Rs 1,040 Crore	Rs 987 Crore	Rs 1,056 Crore	Rs 850 Crore
EBIT	Rs 230 Crore	Rs 286 Crore	Rs 273 Crore	Rs 234 Crore	Rs 155 Crore
Interest	Rs 11 Crore	Rs 11 Crore	Rs 10 Crore	Rs 11 Crore	Rs 10 Crore
Tax	Rs 54 Crore	Rs 70 Crore	Rs 67 Crore	Rs 57 Crore	Rs 36 Crore
Net Profit	Rs 164 Crore	Rs 204 Crore	Rs 195 Crore	Rs 165 Crore	Rs 108 Crore

The sales for the quarter-ending March 2025 were Rs 1,098 Crore, while the net profit stood at Rs 164 Crore.

Balance Sheet

The following table shows the balance sheet of Page Industries:

Particulars	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Equities & Liabilities
Share Capital	Rs 11 Crore	Rs 11 Crore	Rs 11 Crore	Rs 11 Crore	Rs 11 Crore
Reserves & Surplus	Rs 1,396 Crore	Rs 1,585 Crore	Rs 1,359 Crore	Rs 1,077 Crore	Rs 873 Crore
Current Liabilities	Rs 1,010 Crore	Rs 938 Crore	Rs 1,193 Crore	Rs 936 Crore	Rs 712 Crore
Other Liabilities	Rs 225 Crore	Rs 147 Crore	Rs 128 Crore	Rs 81 Crore	Rs 102 Crore
Total Liabilities	Rs 2,643 Crore	Rs 2,682 Crore	Rs 2,692 Crore	Rs 2,106 Crore	Rs 1,699 Crore
Assets
Fixed Assets	Rs 829 Crore	Rs 726 Crore	Rs 635 Crore	Rs 467 Crore	Rs 414 Crore
Current Assets	Rs 1,742 Crore	Rs 1,875 Crore	Rs 1,964 Crore	Rs 1,568 Crore	Rs 1,225 Crore
Other Assets	Rs 70 Crore	Rs 80 Crore	Rs 92 Crore	Rs 71 Crore	Rs 60 Crore
Total Assets	Rs 2,643 Crore	Rs 2,682 Crore	Rs 2,692 Crore	Rs 2,106 Crore	Rs 1,699 Crore
Other Info
Contingent Liabilities	Rs 104 Crore	Rs 233 Crore	Rs 286 Crore	Rs 149 Crore	Rs 33 Crore

As of March 2025, the total assets and total liabilities both amounted to Rs 2,643 Crore.

Cash Flow

The following table provides an overview of the cash flow:

Particulars	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Operating Activities	Rs 1,203 Crore	Rs 1,080 Crore	Rs -1 Crore	Rs 326 Crore	Rs 695 Crore
Investing Activities	Rs 11 Crore	Rs -369 Crore	Rs 30 Crore	Rs 118 Crore	Rs -401 Crore
Financing Activities	Rs -1,010 Crore	Rs -621 Crore	Rs -174 Crore	Rs -396 Crore	Rs -365 Crore
Others	Rs 0 Crore	Rs 0 Crore	Rs 0 Crore	Rs 0 Crore	Rs 0 Crore
Net Cash Flow	Rs 205 Crore	Rs 89 Crore	Rs -144 Crore	Rs 49 Crore	Rs -71 Crore

The net cash flow for the year-ending March 2025 was Rs 205 Crore.

Key Financial Ratios

Key financial ratios for Page Industries are as follows. The basic EPS (Rs.) stood at 653.71 and diluted EPS (Rs.) was 653.71 as of March 2025. The book value per share was Rs 1,261.61. The company reported a debt-to-equity ratio of 0.00 as of the year-ending March 2025. The interest coverage ratio was 24.24.

Corporate Actions

The board is scheduled to consider the first interim dividend for the financial year 2025-26 in a meeting on August 7, 2025, with a record date of August 13, 2025. The company had announced an interim dividend of Rs 0 on July 14, 2025, with an effective date of August 13, 2025.

As of Moneycontrol analysis dated 2025-07-11, the sentiment for Page Industries is bullish.

With the stock among the top losers on the Nifty Midcap 150 in yesterday's session, Page Industries' performance reflects the broader market dynamics and investor reactions to the company's financial health and corporate actions.