Page Industries Limited (PAGEIND) - Net Assets

Latest as of September 2025: Rs14.09 Billion INR ≈ $152.39 Million USD

Based on the latest financial reports, Page Industries Limited (PAGEIND) has net assets worth Rs14.09 Billion INR (≈ $152.39 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs27.86 Billion ≈ $301.29 Million USD) and total liabilities (Rs13.77 Billion ≈ $148.90 Million USD). 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. Check Page Industries Limited tangible net worth ratio to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	Rs14.09 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. See PAGEIND defensive asset coverage days to measure how many days the company can operate on defensive assets alone.

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. For live valuation and market cap data, see market value of Page Industries Limited.

Year	Net Assets	Change
2025-03-31	Rs14.07 Billion ≈ $152.18 Million	-11.88%
2024-03-31	Rs15.97 Billion ≈ $172.70 Million	+16.47%
2023-03-31	Rs13.71 Billion ≈ $148.27 Million	+25.94%
2022-03-31	Rs10.89 Billion ≈ $117.73 Million	+23.02%
2021-03-31	Rs8.85 Billion ≈ $95.70 Million	+7.93%
2020-03-31	Rs8.20 Billion ≈ $88.67 Million	+5.79%
2019-03-31	Rs7.75 Billion ≈ $83.81 Million	-8.53%
2018-03-31	Rs8.47 Billion ≈ $91.63 Million	+27.26%
2017-03-31	Rs6.66 Billion ≈ $72.00 Million	+31.78%
2016-03-31	Rs5.05 Billion ≈ $54.64 Million	+30.46%
2015-03-31	Rs3.87 Billion ≈ $41.88 Million	+34.01%
2014-03-31	Rs2.89 Billion ≈ $31.25 Million	+35.35%
2013-03-31	Rs2.14 Billion ≈ $23.09 Million	+28.78%
2012-03-31	Rs1.66 Billion ≈ $17.93 Million	+33.95%
2011-03-31	Rs1.24 Billion ≈ $13.39 Million	+24.99%
2010-03-31	Rs990.28 Million ≈ $10.71 Million	+14.06%
2009-03-31	Rs868.22 Million ≈ $9.39 Million	+12.21%
2008-03-31	Rs773.75 Million ≈ $8.37 Million	+14.25%
2007-03-31	Rs677.22 Million ≈ $7.32 Million	+440.87%
2006-03-31	Rs125.21 Million ≈ $1.35 Million	+87.66%
2005-03-31	Rs66.72 Million ≈ $721.55K	+28.63%
2004-03-31	Rs51.87 Million ≈ $560.95K	-4.19%
2003-03-31	Rs54.14 Million ≈ $585.50K	+47.52%
2002-03-31	Rs36.70 Million ≈ $396.90K	--

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	Rs12.81 Billion	91.02%
Common Stock	Rs111.54 Million	0.79%
Other Comprehensive Income	Rs739.90 Million	5.26%
Other Components	Rs412.01 Million	2.93%
Total Equity	Rs14.07 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
Allfunds Group Ltd AS:ALLFG	$4.72 Billion
LG Display KO:034220	$4.72 Billion
Genesis Minerals Ltd AU:GMD	$4.72 Billion
Hangcha Group Co Ltd SHG:603298	$4.72 Billion
Fujian Huoju Electronic SHG:603678	$4.71 Billion
Sk Biopharmaceuticals Co Ltd KO:326030	$4.71 Billion
United Tractors Tbk PT JK:UNTR	$4.70 Billion
United Internet AG NA XETRA:UTDI	$4.70 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 7,291,420,000 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	Rs7.29 Billion	+51.82%
Dividends Paid	Rs9.15 Billion	-65.0%
Other Changes	Rs-42.57 Million	-0.3%
Total Change	Rs-	-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: 30.96x
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 11872.65x to 30.96x 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	Rs3.29	Rs39065.00	x
2003-03-31	Rs4.85	Rs39065.00	x
2004-03-31	Rs4.65	Rs39065.00	x
2005-03-31	Rs5.98	Rs39065.00	x
2006-03-31	Rs11.23	Rs39065.00	x
2007-03-31	Rs60.72	Rs39065.00	x
2008-03-31	Rs69.37	Rs39065.00	x
2009-03-31	Rs77.84	Rs39065.00	x
2010-03-31	Rs88.78	Rs39065.00	x
2011-03-31	Rs110.97	Rs39065.00	x
2012-03-31	Rs148.65	Rs39065.00	x
2013-03-31	Rs191.43	Rs39065.00	x
2014-03-31	Rs259.10	Rs39065.00	x
2015-03-31	Rs346.75	Rs39065.00	x
2016-03-31	Rs452.96	Rs39065.00	x
2017-03-31	Rs596.91	Rs39065.00	x
2018-03-31	Rs759.65	Rs39065.00	x
2019-03-31	Rs694.82	Rs39065.00	x
2020-03-31	Rs735.06	Rs39065.00	x
2021-03-31	Rs793.34	Rs39065.00	x
2022-03-31	Rs976.01	Rs39065.00	x
2023-03-31	Rs1229.21	Rs39065.00	x
2024-03-31	Rs1431.72	Rs39065.00	x
2025-03-31	Rs1261.61	Rs39065.00	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: 14.84%
• Asset Turnover: 1.86x
• 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	Rs13.89 Million
2003	57.57%	6.28%	1.89x	4.84x	Rs25.76 Million
2004	101.58%	8.44%	2.22x	5.43x	Rs47.50 Million
2005	63.47%	5.67%	2.04x	5.48x	Rs35.68 Million
2006	90.98%	11.26%	2.23x	3.62x	Rs101.39 Million
2007	25.14%	12.53%	1.12x	1.79x	Rs102.55 Million
2008	30.78%	12.38%	1.10x	2.26x	Rs160.79 Million
2009	36.43%	12.42%	1.20x	2.44x	Rs229.48 Million
2010	40.00%	11.67%	1.25x	2.75x	Rs297.07 Million
2011	47.30%	11.91%	1.45x	2.75x	Rs461.71 Million
2012	54.27%	13.17%	1.83x	2.25x	Rs734.06 Million
2013	52.71%	13.03%	1.83x	2.21x	Rs911.82 Million
2014	53.21%	13.11%	1.71x	2.37x	Rs1.25 Billion
2015	50.68%	12.95%	1.84x	2.13x	Rs1.57 Billion
2016	45.82%	13.04%	1.88x	1.87x	Rs1.81 Billion
2017	40.00%	12.66%	1.82x	1.73x	Rs2.00 Billion
2018	40.95%	13.78%	1.78x	1.67x	Rs2.62 Billion
2019	50.83%	14.03%	2.08x	1.74x	Rs3.16 Billion
2020	41.86%	11.86%	1.91x	1.85x	Rs2.61 Billion
2021	38.49%	12.29%	1.63x	1.92x	Rs2.52 Billion
2022	49.29%	14.40%	1.77x	1.94x	Rs4.28 Billion
2023	41.67%	12.21%	1.74x	1.96x	Rs4.34 Billion
2024	35.64%	12.52%	1.70x	1.68x	Rs4.10 Billion
2025	51.82%	14.84%	1.86x	1.88x	Rs5.88 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: $8,416,650,445
Average return on equity (ROE) among peers: -1.64%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Page Industries Limited (PAGEIND)	Rs14.09 Billion	47.85%	0.98x	$4.71 Billion
Aditya Birla Fashion and Retail Limited (ABFRL)	$47.21 Billion	-13.30%	3.75x	$802.30 Million
Arvind Fashions Limited (ARVINDFASN)	$11.64 Billion	-3.05%	2.27x	$682.04 Million
Bang Overseas Limited (BANG)	$1.03 Billion	1.16%	0.68x	$4.58 Million
Bhandari Hosiery Exports Limited (BHANDARI)	$590.53 Million	7.12%	1.53x	$11.02 Million
Cantabil Retail India Limited (CANTABIL)	$3.26 Billion	19.06%	1.37x	$199.31 Million
Dollar Industries Limited (DOLLAR)	$1.20 Billion	16.15%	2.50x	$155.09 Million
Future Lifestyle Fashions Limited (FLFL)	$16.38 Billion	-3.24%	3.46x	$2.88 Million
Gokaldas Exports Limited (GOKEX)	$2.27 Billion	-58.28%	1.71x	$562.86 Million
Iris Clothings Limited (IRISDOREME)	$285.82 Million	17.56%	1.28x	$70.09 Million
Nandani Creation Limited (JAIPURKURT)	$289.96 Million	0.38%	0.66x	$5.29 Million

About Page Industries Limited

NSE:PAGEIND India Apparel Manufacturing

Market Cap

$4.71 Billion

Rs435.73 Billion INR

Market Cap Rank

#3768 Global

#159 in India

Share Price

Rs39065.00

Change (1 day)

-0.33%

52-Week Range

Rs30200.00 - Rs49440.00

All Time High

Rs52353.89