Page Industries makes Jockey-branded innerwear, socks, athleisure and loungewear in India under a license from Jockey International, and it also manufactures these products for that licensor and other brands, which gives it a franchise-level hold on a category most Indian households buy from every year. The moat is distribution and brand reach: the company runs a large exclusive-store and multi-brand network and its gross margin of 58.0% reflects premium positioning that few domestic apparel peers match. Revenue growth of 7.9% is modest, so the investment case rests on margin durability and the rising share of organised retail in Indian apparel rather than a fast top-line story. At 50.8x trailing and 39.5x forward earnings the stock is priced for sustained compounding, and an 18.3% operating margin leaves little room for a sharp consumer slowdown or input-cost squeeze. The forward multiple is well below the trailing one, which means the market expects earnings to rebuild quickly, and that expectation is the thing to test before going further.
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| Date | Type | New | Previous | Price |
|---|---|---|---|---|
| 23 Oct 2026, 01:52 CEST | ACCE price target | ₹31350 | first publication | ₹34425 |
Answered from Page Industries Limited fundamentals + recent valuations. Every number shows its source and date.
| Company | Price | Fair value | vs fair value | P/E | ROE | Quality | Score |
|---|---|---|---|---|---|---|---|
| PAGEIND.NS Page Industries Limited | ₹33830.00 | - | - | 49.9x | - | 85 | 40 |
| PVH PVH Corp. Common Stock | $84.26 | $68 | 24% above | - | -3.5% | 39 | 45 |
| KTB Kontoor Brands Inc. Common Stock | $77.78 | $56 | 38% above | 18.3x | 49.5% | 72 | 65 |
| ZGN Ermenegildo Zegna N.V. Ordinary Shares | $13.85 | $8 | 74% above | 38.5x | 8.7% | 55 | 58 |
| FIGS FIGS Inc. Class A Common Stock | $20.46 | $6 | 248% above | 61.2x | 14.8% | 80 | 75 |
| COLM Columbia Sportswear Company Common Stock | $62.07 | $70 | 11% below | 15.5x | 12.7% | 68 | 56 |
| BOSS.DE Hugo Boss AG | €38.70 | €60 | 35% below | 12.2x | 14.8% | 65 | 56 |
Where PAGEIND.NS ranks against its sector peers on each metric.