Page Industries shares fall over 2% in Wednesday's session
Shares of Page Industries declined by over 2 percent to Rs 48,010.00 in Wednesday's trading session. The stock's movement reflected a notable shift in investor sentiment, with the decline placing it among the significant losers on the Nifty Midcap 150 index in the afternoon.
Financial Performance:
Page Industries has demonstrated consistent financial performance over the past five years. Here’s a summary of the company’s key financial figures (Standalone):
ParticularsMar 2025Mar 2024Mar 2023Mar 2022
Mar 2021Sales (Rs Crore)Rs 4,934 CroreRs 4,581 CroreRs 4,788 CroreRs 3,886 Crore
Rs 2,832 CroreOther Income (Rs Crore)Rs 61 CroreRs 19 CroreRs 14 CroreRs 20 Crore
Rs 19 CroreTotal Income (Rs Crore)Rs 4,996 CroreRs 4,601 CroreRs 4,803 CroreRs 3,907 Crore
Rs 2,852 CroreTotal Expenditure (Rs Crore)Rs 3,971 CroreRs 3,800 CroreRs 4,003 CroreRs 3,166 Crore
Rs 2,369 CroreEBIT (Rs Crore)Rs 1,024 CroreRs 801 CroreRs 799 CroreRs 740 Crore
Rs 483 CroreInterest (Rs Crore)Rs 46 CroreRs 44 CroreRs 41 CroreRs 32 Crore
Rs 29 CroreTax (Rs Crore)Rs 249 CroreRs 187 CroreRs 186 CroreRs 172 Crore
Rs 112 CroreNet Profit (Rs Crore)Rs 729 CroreRs 569 CroreRs 571 CroreRs 536 Crore
Rs 340 Crore
The table illustrates the company's financial performance on a standalone basis. Sales for the year ending March 2025 stood at Rs 4,934 Crore, up from Rs 4,581 Crore in March 2024, representing an increase of 7.7%. The net profit for the same period was Rs 729 Crore, compared to Rs 569 Crore in the previous year, marking a 28.12% increase.
Quarterly Performance:
The company's recent quarterly financial highlights are as follows (Standalone):
ParticularsMar 2025Dec 2024Sep 2024Jun 2024
Mar 2024Sales (Rs Crore)Rs 1,098 CroreRs 1,313 CroreRs 1,246 CroreRs 1,277 Crore
Rs 995 CroreOther Income (Rs Crore)Rs 20 CroreRs 14 CroreRs 14 CroreRs 12 Crore
Rs 10 CroreTotal Income (Rs Crore)Rs 1,118 CroreRs 1,327 CroreRs 1,260 CroreRs 1,290 Crore
Rs 1,006 CroreTotal Expenditure (Rs Crore)Rs 887 CroreRs 1,040 CroreRs 987 CroreRs 1,056 Crore
Rs 850 CroreEBIT (Rs Crore)Rs 230 CroreRs 286 CroreRs 273 CroreRs 234 Crore
Rs 155 CroreInterest (Rs Crore)Rs 11 CroreRs 11 CroreRs 10 CroreRs 11 Crore
Rs 10 CroreTax (Rs Crore)Rs 54 CroreRs 70 CroreRs 67 CroreRs 57 Crore
Rs 36 CroreNet Profit (Rs Crore)Rs 164 CroreRs 204 CroreRs 195 CroreRs 165 Crore
Rs 108 Crore
The quarterly data reveals that sales for March 2025 were Rs 1,098 Crore, while in March 2024 the sales were Rs 995 Crore. Net profit for the quarter ending March 2025 was Rs 164 Crore compared to Rs 108 Crore for the quarter ending March 2024.
Cash Flow:
The cash flow data is as follows:
ParticularsMar 2025Mar 2024Mar 2023Mar 2022
Mar 2021Operating Activities (Rs Crore)Rs 1,203 CroreRs 1,080 CroreRs -1 CroreRs 326 Crore
Rs 695 CroreInvesting Activities (Rs Crore)Rs 11 CroreRs -369 CroreRs 30 CroreRs 118 Crore
Rs -401 CroreFinancing Activities (Rs Crore)Rs -1,010 CroreRs -621 CroreRs -174 CroreRs -396 Crore
Rs -365 CroreOthers (Rs Crore)Rs 0 CroreRs 0 CroreRs 0 CroreRs 0 Crore
Rs 0 CroreNet Cash Flow (Rs Crore)Rs 205 CroreRs 89 CroreRs -144 CroreRs 49 Crore
Rs -71 Crore
Balance Sheet:
The balance sheet data is as follows:
ParticularsMar 2025Mar 2024Mar 2023Mar 2022
Mar 2021Share Capital (Rs Crore)Rs 11 CroreRs 11 CroreRs 11 CroreRs 11 Crore
Rs 11 CroreReserves & Surplus (Rs Crore)Rs 1,396 CroreRs 1,585 CroreRs 1,359 CroreRs 1,077 Crore
Rs 873 CroreCurrent Liabilities (Rs Crore)Rs 1,010 CroreRs 938 CroreRs 1,193 CroreRs 936 Crore
Rs 712 CroreOther Liabilities (Rs Crore)Rs 225 CroreRs 147 CroreRs 128 CroreRs 81 Crore
Rs 102 CroreTotal Liabilities (Rs Crore)Rs 2,643 CroreRs 2,682 CroreRs 2,692 CroreRs 2,106 Crore
Rs 1,699 CroreFixed Assets (Rs Crore)Rs 829 CroreRs 726 CroreRs 635 CroreRs 467 Crore
Rs 414 CroreCurrent Assets (Rs Crore)Rs 1,742 CroreRs 1,875 CroreRs 1,964 CroreRs 1,568 Crore
Rs 1,225 CroreOther Assets (Rs Crore)Rs 70 CroreRs 80 CroreRs 92 CroreRs 71 Crore
Rs 60 CroreTotal Assets (Rs Crore)Rs 2,643 CroreRs 2,682 CroreRs 2,692 CroreRs 2,106 Crore
Rs 1,699 CroreContingent Liabilities (Rs Crore)Rs 104 CroreRs 233 CroreRs 286 CroreRs 149 Crore
Rs 33 Crore
Financial Ratios:
Key financial ratios for Page Industries are as follows:
RatioMar 2025Mar 2024Mar 2023Mar 2022
Mar 2021Basic EPS (Rs.)Rs 653.71Rs 510.31Rs 512.15Rs 481.03
Rs 305.35Diluted EPS (Rs.)Rs 653.71Rs 510.31Rs 512.15Rs 481.03
Rs 305.35Book Value/Share (Rs.)Rs 1,261.61Rs 1,431.71Rs 1,229.20Rs 976.00
Rs 793.33Dividend/Share (Rs.)Rs 900.00Rs 370.00Rs 250.00Rs 370.00
Rs 250.00P/E (x)65.3167.5174.0189.79
99.29P/B (x)33.9024.0530.8644.25
38.24EV/EBITDA (x)42.0142.6848.4959.39
61.17P/S (x)9.678.388.8412.40
11.94Debt to Equity (x)0.000.000.180.00
0.00Interest Coverage Ratios (X)24.2419.8721.2625.05
16.25
Corporate Actions:
Page Industries' board will consider the 1st Interim Dividend for the financial year 2025-26 in a meeting scheduled for August 7, 2025. The record date for the dividend is August 13, 2025.
The board will also consider and approve the unaudited financial results for the first quarter ended June 30, 2025, during the same meeting.
In the past, the company has announced several interim dividends. On April 21, 2025, an interim dividend of Rs 200 per share (2000%) was announced, with an effective date of May 21, 2025. Earlier, on January 8, 2025, a third interim dividend of Rs 150 per share (1500%) was announced, effective February 13, 2025.The stock's movement reflected a notable shift in investor sentiment, with the decline placing it among the significant losers on the Nifty Midcap 150 index.