Page IndustriesNSE:PAGEIND -1.72%96 Interest Coverage is 19.57 as of Mar. 2026, which is 6% below its 10-year median of 20.90. GuruFocus rates NSE:PAGEIND with a GF Score™ of 96/100 and a GF Value™ of ₹45,641.61 (Fairly Valued). The stock has 3 warning signs investors should review. Among 734 Manufacturing - Apparel & Accessories companies, Page Industries ranks better than 73.43% on this metric.
Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's
Operating Income
by its Interest Expense. Page Industries's
Operating Income
for the
three
months ended in Mar. 2026 was ₹2,325 Mil. Page Industries's Interest Expense for the
three
months ended in Mar. 2026 was ₹-119 Mil.
Page Industries's interest coverage for the quarter that ended in Mar. 2026 was 19.57.
The higher the ratio, the stronger the company's financial strength is.
The historical rank and industry rank for Page Industries's Interest Coverage or its related term are showing as below:
NSE:PAGEIND'
s Interest Coverage Range Over the Past 10 Years
Min: 14.19 Med: 20.9 Max: 36.79
Current: 21.02
NSE:PAGEIND's Interest Coverage is ranked better than 73.43% of 734
companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 5.445
vs NSE:PAGEIND: 21.02
Ben Graham requires that a company has a minimum interest coverage of 5 with the companies he invested. If the interest coverage is less than 2, the company is burdened by debt. Any business slow or recession may drag the company into a situation where it cannot pay the interest on its debt.
Interest Coverage is an important factor when GuruFocus ranks a company's overage Financial Strength .
Page Industries Interest Coverage Related Terms
Page Industries Interest Coverage Historical Data
* Premium members only.
The historical data trend for Page Industries's Interest Coverage can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Note: For Interest Coverage, "No debt" indicates no long-term debt. An indication of "No Debt" does not necessarily mean that the company has no long-term debt obligations; it could be due to missing data in the quarterly or annual report. Use caution when interpreting this information.
NSE:PAGEIND vs RL, LEVI, VFC: Interest Coverage Comparison
For the Apparel Manufacturing subindustry, Page Industries's Interest Coverage, along with its competitors' market caps and Interest Coverage data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Page Industries Interest Coverage vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Page Industries's Interest Coverage distribution charts can be found below:
* The bar in red indicates where Page Industries's Interest Coverage falls into.
Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income (EBIT) by its Interest Expense:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Page Industries (NSE:PAGEIND) has a Interest Coverage of 19.57 as of Mar. 2026. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Page Industries and its competitors. This is near median its historical median of 20.90. Over the past decade, Page Industries' Interest Coverage has ranged from 14.19 to 36.79. According to the industry distribution chart, Page Industries ranks #195 out of 734 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 26.6%.
Is Page Industries' Interest Coverage too high?
Page Industries' current Interest Coverage of 19.57 is near median its 10-year median of 20.90. Over the past 10 years, this metric has ranged from a low of 14.19 to a high of 36.79. The Manufacturing - Apparel & Accessories industry median Interest Coverage is 5.45. Page Industries' value of 19.57 is 259.4% above this industry median. Based on the distribution chart, Page Industries ranks #195 out of 734 companies in the Manufacturing - Apparel & Accessories industry, which is above the industry midpoint. Overall, Page Industries has a GF Score™ of 96/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Page Industries' Interest Coverage compare to RL and LEVI?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Page Industries ranks #195 out of 734 companies for Interest Coverage. This puts Page Industries in the upper half of its industry. The industry median Interest Coverage is 5.45. Page Industries' value of 19.57 is 259.4% above this benchmark. Historically, Page Industries' own Interest Coverage has ranged from 14.19 to 36.79 over the past decade. While the company's 10-year median is 20.90 vs. the industry median of 5.45, Page Industries has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Interest Coverage for a Manufacturing - Apparel & Accessories company?
The median Interest Coverage among Manufacturing - Apparel & Accessories companies is 5.45, based on 734 companies in the industry. Companies in the top quartile (top 25%) have a Interest Coverage significantly above this median, while those in the bottom quartile fall well below. However, Interest Coverage should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Page Industries's current Interest Coverage of 19.57 is 259.4% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Interest Coverage mean?
A high Interest Coverage can signal that a stock is expensive relative to its fundamentals. Interest Coverage measures a company's capability to pay interest expenses on its debt. View historical data on Page Industries and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Interest Coverage is 5.45 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Page Industries's current Interest Coverage is 19.57, which is near median its own 10-year median of 20.90. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Page Industries stock overvalued right now?
Based on GuruFocus' analysis, Page Industries (NSE:PAGEIND) is currently considered Fairly Valued. The stock's GF Value™ is ₹45,641.61, compared to a current price of ₹41,780.00 — trading 8.5% below its estimated fair value. The current Interest Coverage is 19.57, which is near median its 10-year median of 20.90 and 259.4% above the Manufacturing - Apparel & Accessories industry median of 5.45. Page Industries' overall GF Score™ is 96/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Interest Coverage calculated?
Interest Coverage is calculated from a company's financial statements. For Page Industries (NSE:PAGEIND), the current Interest Coverage is 19.57 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Page Industries (NSE:PAGEIND) Overvalued in 2026?
Based on GuruFocus' analysis, Page Industries stock appears to be undervalued.
The current stock price of ₹41,780.00 is trading 8.5% below its estimated GF Value™ of ₹45,641.61.
GuruFocus considers Page Industries to be Fairly Valued.
Key valuation signals for NSE:PAGEIND:
Interest Coverage: 19.57 (near median its 10-year median of 20.90)
GF Value™: ₹45,641.61 vs. price of ₹41,780.00 (8.5% below fair value)
Industry Position: 259.4% above the Manufacturing - Apparel & Accessories median (#195 of 734)
No single metric tells the full story. See the NSE:PAGEIND stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Page Industries Ltd is the exclusive licensee for the manufacture, marketing, and distribution of Jockey and Speedo-branded innerwear, swimwear, and other apparel in India. The company also has the rights to Jockey in Sri Lanka, Bangladesh, Nepal, and the United Arab Emirates. Sales of innerwear and leisurewear products contribute a substantial amount to the company's revenue. Swimwear and other items make up the remaining revenue. The company sells its products through exclusive brand stores, some of which are run by franchisees, large-format stores, multibrand stores, and its e-commerce channel. The company's segments are; Innerwear and leisurewear which derives key revenue, and others. Geographically, the majority of the company's revenue is generated within India.
96GF Score
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