Page Industries Limited
Page Industries Limited manufactures, markets, and distributes textile garments and clothing accessories for men, women, and kids in India and internationally. The company offers vests, briefs, boxer briefs, trunks, inner boxers, tank tops, t-shirts, polos, henleys, sweatshirts, jackets, hoodies, windcheater, boxer shorts, shorts, bermudas, joggers, track pants, pyjamas, pants, bras, panties, cro… Read more
Page Industries Limited (PAGEIND) - Net Assets
Latest net assets as of September 2025: ₹14.09 Billion INR
Based on the latest financial reports, Page Industries Limited (PAGEIND) has net assets worth ₹14.09 Billion INR as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₹27.86 Billion) and total liabilities (₹13.77 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₹14.09 Billion |
| % of Total Assets | 50.58% |
| Annual Growth Rate | 29.52% |
| 5-Year Change | 59.03% |
| 10-Year Change | 178.53% |
| Growth Volatility | 87.54 |
Page Industries Limited - Net Assets Trend (2002–2025)
This chart illustrates how Page Industries Limited's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Page Industries Limited (2002–2025)
The table below shows the annual net assets of Page Industries Limited from 2002 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | ₹14.07 Billion | -11.88% |
| 2024-03-31 | ₹15.97 Billion | +16.47% |
| 2023-03-31 | ₹13.71 Billion | +25.94% |
| 2022-03-31 | ₹10.89 Billion | +23.02% |
| 2021-03-31 | ₹8.85 Billion | +7.93% |
| 2020-03-31 | ₹8.20 Billion | +5.79% |
| 2019-03-31 | ₹7.75 Billion | -8.53% |
| 2018-03-31 | ₹8.47 Billion | +27.26% |
| 2017-03-31 | ₹6.66 Billion | +31.78% |
| 2016-03-31 | ₹5.05 Billion | +30.46% |
| 2015-03-31 | ₹3.87 Billion | +34.01% |
| 2014-03-31 | ₹2.89 Billion | +35.35% |
| 2013-03-31 | ₹2.14 Billion | +28.78% |
| 2012-03-31 | ₹1.66 Billion | +33.95% |
| 2011-03-31 | ₹1.24 Billion | +24.99% |
| 2010-03-31 | ₹990.28 Million | +14.06% |
| 2009-03-31 | ₹868.22 Million | +12.21% |
| 2008-03-31 | ₹773.75 Million | +14.25% |
| 2007-03-31 | ₹677.22 Million | +440.87% |
| 2006-03-31 | ₹125.21 Million | +87.66% |
| 2005-03-31 | ₹66.72 Million | +28.63% |
| 2004-03-31 | ₹51.87 Million | -4.19% |
| 2003-03-31 | ₹54.14 Million | +47.52% |
| 2002-03-31 | ₹36.70 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Page Industries Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 156867.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₹12.81 Billion | 91.02% |
| Common Stock | ₹111.54 Million | 0.79% |
| Other Comprehensive Income | ₹739.90 Million | 5.26% |
| Other Components | ₹412.01 Million | 2.93% |
| Total Equity | ₹14.07 Billion | 100.00% |
Page Industries Limited Competitors by Market Cap
The table below lists competitors of Page Industries Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Beijing Tiantan Biological Products Corp Ltd
SHG:600161
|
$2.03 Billion |
|
Krones AG
PINK:KRNNF
|
$2.04 Billion |
|
Ping An Healthcare and Technology Company Limited
PINK:PIAHY
|
$2.04 Billion |
|
Mitsubishi Materials Corporation
PINK:MIMTF
|
$2.04 Billion |
|
Hilton Grand Vacations Inc
NYSE:HGV
|
$2.03 Billion |
|
Jiangsu Expressway Company Limited
PINK:JEXYF
|
$2.03 Billion |
|
Tecan Group Ltd
PINK:TCHBF
|
$2.03 Billion |
|
Eaglerise Electric & Electronic China Co Ltd Class A
SHE:002922
|
$2.03 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Page Industries Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 15,969,280,000 to 14,071,957,000, a change of -1,897,323,000 (-11.9%).
- Net income of 7,291,419,000 contributed positively to equity growth.
- Dividend payments of 9,146,177,000 reduced retained earnings.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₹7.29 Billion | +51.82% |
| Dividends Paid | ₹9.15 Billion | -65.0% |
| Other Changes | ₹-42.56 Million | -0.3% |
| Total Change | ₹- | -11.88% |
Book Value vs Market Value Analysis
This analysis compares Page Industries Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 24.19x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 9274.13x to 24.19x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2002-03-31 | ₹3.29 | ₹30515.00 | x |
| 2003-03-31 | ₹4.85 | ₹30515.00 | x |
| 2004-03-31 | ₹4.65 | ₹30515.00 | x |
| 2005-03-31 | ₹5.98 | ₹30515.00 | x |
| 2006-03-31 | ₹11.23 | ₹30515.00 | x |
| 2007-03-31 | ₹60.72 | ₹30515.00 | x |
| 2008-03-31 | ₹69.37 | ₹30515.00 | x |
| 2009-03-31 | ₹77.84 | ₹30515.00 | x |
| 2010-03-31 | ₹88.78 | ₹30515.00 | x |
| 2011-03-31 | ₹110.97 | ₹30515.00 | x |
| 2012-03-31 | ₹148.65 | ₹30515.00 | x |
| 2013-03-31 | ₹191.43 | ₹30515.00 | x |
| 2014-03-31 | ₹259.10 | ₹30515.00 | x |
| 2015-03-31 | ₹346.75 | ₹30515.00 | x |
| 2016-03-31 | ₹452.96 | ₹30515.00 | x |
| 2017-03-31 | ₹596.91 | ₹30515.00 | x |
| 2018-03-31 | ₹759.65 | ₹30515.00 | x |
| 2019-03-31 | ₹694.82 | ₹30515.00 | x |
| 2020-03-31 | ₹735.06 | ₹30515.00 | x |
| 2021-03-31 | ₹793.34 | ₹30515.00 | x |
| 2022-03-31 | ₹976.01 | ₹30515.00 | x |
| 2023-03-31 | ₹1229.21 | ₹30515.00 | x |
| 2024-03-31 | ₹1431.72 | ₹30515.00 | x |
| 2025-03-31 | ₹1261.61 | ₹30515.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Page Industries Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 51.82%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 14.78%
- • Asset Turnover: 1.87x
- • Equity Multiplier: 1.88x
- Recent ROE (51.82%) is above the historical average (49.51%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2002 | 47.85% | 4.67% | 2.05x | 5.01x | ₹13.89 Million |
| 2003 | 57.57% | 6.28% | 1.89x | 4.84x | ₹25.76 Million |
| 2004 | 101.58% | 8.44% | 2.22x | 5.43x | ₹47.50 Million |
| 2005 | 63.47% | 5.67% | 2.04x | 5.48x | ₹35.68 Million |
| 2006 | 90.98% | 11.26% | 2.23x | 3.62x | ₹101.39 Million |
| 2007 | 25.14% | 12.53% | 1.12x | 1.79x | ₹102.55 Million |
| 2008 | 30.78% | 12.38% | 1.10x | 2.26x | ₹160.79 Million |
| 2009 | 36.43% | 12.42% | 1.20x | 2.44x | ₹229.48 Million |
| 2010 | 40.00% | 11.67% | 1.25x | 2.75x | ₹297.07 Million |
| 2011 | 47.30% | 11.91% | 1.45x | 2.75x | ₹461.71 Million |
| 2012 | 54.27% | 13.17% | 1.83x | 2.25x | ₹734.06 Million |
| 2013 | 52.71% | 13.03% | 1.83x | 2.21x | ₹911.82 Million |
| 2014 | 53.21% | 13.11% | 1.71x | 2.37x | ₹1.25 Billion |
| 2015 | 50.68% | 12.95% | 1.84x | 2.13x | ₹1.57 Billion |
| 2016 | 45.82% | 13.04% | 1.88x | 1.87x | ₹1.81 Billion |
| 2017 | 40.00% | 12.66% | 1.82x | 1.73x | ₹2.00 Billion |
| 2018 | 40.95% | 13.78% | 1.78x | 1.67x | ₹2.62 Billion |
| 2019 | 50.83% | 14.03% | 2.08x | 1.74x | ₹3.16 Billion |
| 2020 | 41.86% | 11.86% | 1.91x | 1.85x | ₹2.61 Billion |
| 2021 | 38.49% | 12.02% | 1.67x | 1.92x | ₹2.52 Billion |
| 2022 | 49.29% | 14.40% | 1.77x | 1.94x | ₹4.28 Billion |
| 2023 | 41.67% | 12.12% | 1.75x | 1.96x | ₹4.34 Billion |
| 2024 | 35.64% | 12.52% | 1.70x | 1.68x | ₹4.10 Billion |
| 2025 | 51.82% | 14.78% | 1.87x | 1.88x | ₹5.88 Billion |
Industry Comparison
This section compares Page Industries Limited's net assets metrics with peer companies in the Apparel Manufacturing industry.
Industry Context
- Industry: Apparel Manufacturing
- Average net assets among peers: $6,637,378,320
- Average return on equity (ROE) among peers: 4.32%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Page Industries Limited (PAGEIND) | ₹14.09 Billion | 47.85% | 0.98x | $2.03 Billion |
| Aditya Birla Fashion and Retail Limited (ABFRL) | $14.29 Billion | 22.48% | 3.63x | $374.74 Million |
| Arvind Fashions Limited (ARVINDFASN) | $90.00K | -11.11% | 2.44x | $338.02 Million |
| Bang Overseas Limited (BANG) | $832.73 Million | 0.11% | 0.89x | $1.27 Million |
| Bhandari Hosiery Exports Limited (BHANDARI) | $739.08 Million | 7.19% | 1.78x | $4.21 Million |
| Cantabil Retail India Limited (CANTABIL) | $774.86 Million | 6.54% | 0.77x | $58.42 Million |
| Celebrity Fashions Limited (CELEBRITY) | $1.50 Billion | -3.67% | 1.62x | $2.27 Million |
| Dollar Industries Limited (DOLLAR) | $1.45 Billion | 18.11% | 2.55x | $62.71 Million |
| Filatex Fashions Limited (FILATFASH) | $23.12 Billion | 0.41% | 0.06x | $9.78 Million |
| Future Lifestyle Fashions Limited (FLFL) | $19.22 Billion | 2.34% | 1.13x | $2.50 Million |
| Gokaldas Exports Limited (GOKEX) | $4.44 Billion | 0.77% | 1.08x | $393.89 Million |