Page IndustriesNSE:PAGEIND +2.39%94 Net Margin % is 14.27% as of Mar. 2026, which is 8% above its 10-year median of 13.22. GuruFocus rates NSE:PAGEIND with a GF Score™ of 94/100 and a GF Value™ of ₹45,345.16 (Fairly Valued). The stock has 2 warning signs investors should review. Among 1,040 Manufacturing - Apparel & Accessories companies, Page Industries ranks better than 91.83% on this metric.
Net margin is calculated as Net Income divided by its Revenue. Page Industries's Net Income for the
three
months ended in Mar. 2026 was ₹1,787 Mil. Page Industries's Revenue for the
three
months ended in Mar. 2026 was ₹12,526 Mil. Therefore, Page Industries's net margin for the quarter that ended in Mar. 2026 was 14.27%.
The historical rank and industry rank for Page Industries's Net Margin % or its related term are showing as below:
NSE:PAGEIND'
s Net Margin % Range Over the Past 10 Years
Min: 11.86 Med: 13.22 Max: 14.78
Current: 14.56
NSE:PAGEIND's Net Margin % is ranked better than 91.83% of 1040
companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 2.58
vs NSE:PAGEIND: 14.56
Page Industries (NSE:PAGEIND) Net Margin % Explanation
Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.
But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.
Page Industries Net Margin % Related Terms
Page Industries Net Margin % Historical Data
* Premium members only.
The historical data trend for Page Industries's Net Margin % 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.
NSE:PAGEIND vs RL, LEVI, VFC: Net Margin % Comparison
For the Apparel Manufacturing subindustry, Page Industries's Net Margin %, along with its competitors' market caps and Net Margin % 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 Net Margin % vs Manufacturing - Apparel & Accessories Industry
For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Page Industries's Net Margin % distribution charts can be found below:
* The bar in red indicates where Page Industries's Net Margin % falls into.
* 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 Net Margin % of 14.27% as of Mar. 2026. Net margin is the ratio of total net income to net sales. View historical data on Page Industries and its competitors. This is near median its historical median of 13.22. Over the past decade, Page Industries' Net Margin % has ranged from 11.86 to 14.78. According to the industry distribution chart, Page Industries ranks #85 out of 1040 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 8.2%.
Is Page Industries' Net Margin % too high?
Page Industries' current Net Margin % of 14.27% is near median its 10-year median of 13.22. Over the past 10 years, this metric has ranged from a low of 11.86 to a high of 14.78. The Manufacturing - Apparel & Accessories industry median Net Margin % is 2.58. Page Industries' value of 14.27% is 453.1% above this industry median. Based on the distribution chart, Page Industries ranks #85 out of 1040 companies in the Manufacturing - Apparel & Accessories industry, which is in the top quartile — a strong position relative to peers. Overall, Page Industries has a GF Score™ of 94/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Page Industries' Net Margin % compare to RL and LEVI?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Page Industries ranks #85 out of 1040 companies for Net Margin %. This places Page Industries in the top 8% of its industry — outperforming the majority of peers. The industry median Net Margin % is 2.58. Page Industries' value of 14.27% is 453.1% above this benchmark. Historically, Page Industries' own Net Margin % has ranged from 11.86 to 14.78 over the past decade. While the company's 10-year median is 13.22 vs. the industry median of 2.58, 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 Net Margin % for a Manufacturing - Apparel & Accessories company?
The median Net Margin % among Manufacturing - Apparel & Accessories companies is 2.58, based on 1,040 companies in the industry. Companies in the top quartile (top 25%) have a Net Margin % significantly above this median, while those in the bottom quartile fall well below. However, Net Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Page Industries's current Net Margin % of 14.27% is 453.1% 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 Net Margin % mean?
A high Net Margin % can signal that a stock is expensive relative to its fundamentals. Net margin is the ratio of total net income to net sales. View historical data on Page Industries and its competitors. For the Manufacturing - Apparel & Accessories industry, the median Net Margin % is 2.58 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Page Industries's current Net Margin % is 14.27%, which is near median its own 10-year median of 13.22. 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 ₹45,345.16, compared to a current price of ₹41,370.00 — trading 8.8% below its estimated fair value. The current Net Margin % is 14.27%, which is near median its 10-year median of 13.22 and 453.1% above the Manufacturing - Apparel & Accessories industry median of 2.58. Page Industries' overall GF Score™ is 94/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net Margin % calculated?
Net Margin % is calculated from a company's financial statements. For Page Industries (NSE:PAGEIND), the current Net Margin % is 14.27% 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 ₹41,370.00 is trading 8.8% below its estimated GF Value™ of ₹45,345.16.
GuruFocus considers Page Industries to be Fairly Valued.
Key valuation signals for NSE:PAGEIND:
Net Margin %: 14.27% (near median its 10-year median of 13.22)
GF Value™: ₹45,345.16 vs. price of ₹41,370.00 (8.8% below fair value)
Industry Position: 453.1% above the Manufacturing - Apparel & Accessories median (#85 of 1040)
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.
94GF Score
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