Page Industries Share Price Target 2026, 2027, 2028, 2029, 2030
- Market Cap
- ₹44,448 Cr
- Book Value
- ₹1,347
- Stock P/E
- 56.3
- Dividend Yield
- 2.26%
- ROE
- 54.3%
- ROCE
- 64.4%
- PEG Ratio
- 3.08
- EV/EBITDA
- 36.4
Fundamentals from Screener.in, as of 5 Aug 2026. Live price via Yahoo Finance.
Page Industries share price today
Page Industries (NSE: PAGEIND) holds the Jockey licence for India — and turned innerwear, a category nobody thought brandable, into one of the exchange’s legendary compounders. The franchise math remains extraordinary: 64.4% ROCE, 54.3% ROE, a 2.3% dividend yield, and distribution reaching from metros to tehsil towns with in-store presence rivals can’t match.
The honest update: growth has matured. Three-year sales growth sits in low single digits as the category digests post-COVID normalisation and mass-segment competition. The multiple — 56.3× — has compressed from its peaks but not fully to the new growth reality. Our universe tags it wait, and the flags say why: the franchise is intact; the hyper-growth era isn’t.
Franchise intact, era changed
What Jockey still owns: brand trust that commands price premiums in a comfort category, exclusive-outlet and MBO distribution depth, and manufacturing scale (in-house, not outsourced) that keeps quality the moat. What changed: category penetration matured in cities, athleisure’s COVID surge normalised, and value brands harvest the price-sensitive end. The next act — women’s innerwear, kids, premium athleisure — is real but grows off a large base.
Watch-items: volume growth revival (the single metric that re-rates or de-rates this), women’s-segment traction, channel inventory discipline, and licensor terms with Jockey International over time.
The numbers
From our research universe snapshot (5 Aug 2026):
| Metric | Value |
|---|---|
| Market cap | ₹44,448 Cr |
| P/E (TTM) | 56.3 |
| EV/EBITDA | 36.4 |
| Operating margin | 22.0% |
| ROE / ROCE | 54.3% / 64.4% |
| Debt to equity | 0.18 |
| Sales CAGR (5y) | 13.1% |
| Profit CAGR (5y) | 18.3% |
| Promoter holding | 42.9% |
| EPS (TTM) | ₹706.4 |
Page Industries share price target 2026 to 2030
EPS base ₹706.4 (TTM). Bear: growth stays single-digit and the multiple keeps compressing — 6% growth at 34×. Base: mid-cycle revival as new segments scale — 11% growth at 45×. Bull: volume renaissance restores the legend — 15% growth at 56×.
| Year | Bear (34×, +6%) | Base (45×, +11%) | Bull (56×, +15%) |
|---|---|---|---|
| 2026 | ₹25,460 | ₹35,285 | ₹45,490 |
| 2027 | ₹26,985 | ₹39,165 | ₹52,315 |
| 2028 | ₹28,605 | ₹43,475 | ₹60,165 |
| 2029 | ₹30,320 | ₹48,255 | ₹69,190 |
| 2030 | ₹32,140 | ₹53,565 | ₹79,565 |
From ₹39,750, the base case is ≈ +35% over four and a half years plus the 2.3% yield; the bear is −19%. Legacy compounders in transition pay modestly until volumes speak — the range below prices in the wait.
Reasons to own Page Industries (at the right price)
- 64% ROCE — franchise economics that survive growth slowdowns intact.
- The Jockey brand still owns the category’s trust and premium shelf.
- A 2.3% yield from a capital-light model pays you through the transition.
- Women’s, kids’ and athleisure segments are genuine second acts.
- In-house manufacturing keeps the quality moat competitors outsource away.
The risks: the flagged growth stall (3.6% three-year sales) could be structural rather than cyclical, value brands attack from below, and 56× still assumes revival rather than proving it.
Should you buy at the current price?
The live buy range below is for members — where a legend’s pause becomes a price.
FAQ
What is the Page Industries share price target for 2030? Base case ≈ ₹53,565 (45× on 11% compounded growth), bear ≈ ₹32,140, bull ≈ ₹79,565. Arithmetic above.
Why has Page’s growth slowed? Urban category maturity, post-COVID athleisure normalisation, and mass-market competition. The brand’s pricing held; volumes did the slowing.
Is the Jockey licence a risk? The India licence relationship spans decades and Page’s execution is the licensor’s best global showcase — renewal risk is low but non-zero, and worth tracking at each horizon.
When are Page Industries’ next results? Track the exact date on our results calendar.
This article is research and education, not personalised investment advice. We are not SEBI-registered advisers. Price targets are scenario arithmetic, not promises. Do your own research and consult a registered adviser before acting.