Page Industries (NSE:PAGEIND) 3-Year ROIIC % : -60.67% (As of Mar. 2026)

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Director of Data and Quant Analytics at GuruFocus
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Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

NSE:PAGEIND Page Industries Ltd NSE:PAGEIND
100 GF Score
Price ₹36,520.00
GF Value ₹45,527.84
Valuation Modestly Undervalued
! 1 Warning Sign
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What is Page Industries 3-Year ROIIC %?

Page Industries NSE:PAGEIND -4.64% 100 3-Year ROIIC % is -60.67 as of Mar. 2026. GuruFocus rates NSE:PAGEIND with a GF Score™ of 100/100 and a GF Value™ of ₹45,527.84 (Modestly Undervalued). The stock has 1 warning sign investors should review. Among 1,005 Manufacturing - Apparel & Accessories companies, Page Industries ranks worse than 90.35% on this metric.

3-Year Return on Invested Incremental Capital (3-Year ROIIC %) measures the change in earnings as a percentage of change in investment over 3-year. Page Industries's 3-Year ROIIC % for the quarter that ended in Mar. 2026 was -60.67%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.

The industry rank for Page Industries's 3-Year ROIIC % or its related term are showing as below:

NSE:PAGEIND's 3-Year ROIIC % is ranked worse than
90.35% of 1005 companies
in the Manufacturing - Apparel & Accessories industry
Industry Median: 1.55 vs NSE:PAGEIND: -60.67

Page Industries  (NSE:PAGEIND) 3-Year ROIIC % Explanation

Return on Incremental Invested Capital (ROIIC) is an extension of Return on Investment Capital (ROIC). ROIC % tells investors how efficiently that profitability is earned per dollar of company capital. ROIIC narrows the focus even further and shows how profitable each additional unit of capital investment could be. ROIIC % is a more powerful metric than ROIC because it measures how much money the company can generate going forward on future capital investments.

High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.

Be Aware

It's important to keep in mind that when tracking ROIIC, the metric is better suited to forecasting the trend of future returns rather than measuring current return on investment.


Page Industries 3-Year ROIIC % Related Terms


Page Industries 3-Year ROIIC % Historical Data

* Premium members only.

The historical data trend for Page Industries's 3-Year ROIIC % 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.

Page Industries 3-Year ROIIC % Chart

Page Industries Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
3-Year ROIIC %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 69.96 19.45 18.57 31.79 -60.67

Page Industries Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
3-Year ROIIC % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 0.00 0.00 -60.67 0.00

NSE:PAGEIND vs RL, LEVI, VFC: 3-Year ROIIC % Comparison

For the Apparel Manufacturing subindustry, Page Industries's 3-Year ROIIC %, along with its competitors' market caps and 3-Year ROIIC % 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 3-Year ROIIC % vs Manufacturing - Apparel & Accessories Industry

For the Manufacturing - Apparel & Accessories industry and Consumer Cyclical sector, Page Industries's 3-Year ROIIC % distribution charts can be found below:

* The bar in red indicates where Page Industries's 3-Year ROIIC % falls into.


NSE:PAGEIND
100GF Score
Page Industries Ltd NSE:PAGEIND
3-Year ROIIC % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Page Industries 3-Year ROIIC % Calculation

Page Industries's 3-Year ROIIC % for the quarter that ended in Mar. 2026 is calculated as:

3-Year ROIIC %=3-Year Incremental Net Operating Profit After Taxes (NOPAT)**/3-Year Incremental Invested Capital**
=( 7925.207121 (Mar. 2026) - 5937.67042 (Mar. 2023) )/( 20249.16 (Mar. 2026) - 23525.32 (Mar. 2023) )
=1987.536701/-3276.16
=-60.67%***

* 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.

** Annual data of NOPAT and Invested Capital was used to calculate 3-Year ROIIC %.
*** Please be aware that the ROIIC (Return on Invested Capital) calculations are based on company-level data using the primary share class. The calculated data provided is for demonstration purposes and may slightly differ from the results displayed in the title due to potential variations caused by currency exchange rate differences throughout the year.

Frequently Asked Questions Learn more about 3-Year ROIIC % →
What does a 3-Year ROIIC % of -60.67 mean?
Page Industries (NSE:PAGEIND) has a 3-Year ROIIC % of -60.67 as of Mar. 2026. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on Page Industries and its competitors. According to the industry distribution chart, Page Industries ranks #908 out of 1005 companies in the Manufacturing - Apparel & Accessories industry, placing it in the top 90.3%.
Is Page Industries' 3-Year ROIIC % too high?
Page Industries' current 3-Year ROIIC % is -60.67. Based on the distribution chart, Page Industries ranks #908 out of 1005 companies in the Manufacturing - Apparel & Accessories industry, which is in the bottom quartile relative to peers. Overall, Page Industries has a GF Score™ of 100/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Page Industries' 3-Year ROIIC % compare to RL and LEVI?
According to the Manufacturing - Apparel & Accessories industry distribution chart, Page Industries ranks #908 out of 1005 companies for 3-Year ROIIC %. This places Page Industries in the lower half of its industry. The industry median 3-Year ROIIC % is 1.55. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good 3-Year ROIIC % for a Manufacturing - Apparel & Accessories company?
The median 3-Year ROIIC % among Manufacturing - Apparel & Accessories companies is 1.55, based on 1,005 companies in the industry. Companies in the top quartile (top 25%) have a 3-Year ROIIC % significantly above this median, while those in the bottom quartile fall well below. However, 3-Year ROIIC % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high 3-Year ROIIC % mean?
A high 3-Year ROIIC % can signal that a stock is expensive relative to its fundamentals. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on Page Industries and its competitors. For the Manufacturing - Apparel & Accessories industry, the median 3-Year ROIIC % is 1.55 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Page Industries's current 3-Year ROIIC % is -60.67. 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 Modestly Undervalued. The stock's GF Value™ is ₹45,527.84, compared to a current price of ₹36,520.00 — trading 19.8% below its estimated fair value. The current 3-Year ROIIC % is -60.67. Page Industries' overall GF Score™ is 100/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is 3-Year ROIIC % calculated?
3-Year ROIIC % is calculated from a company's financial statements. For Page Industries (NSE:PAGEIND), the current 3-Year ROIIC % is -60.67 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 ₹36,520.00 is trading 19.8% below its estimated GF Value™ of ₹45,527.84. GuruFocus considers Page Industries to be Modestly Undervalued.

Key valuation signals for NSE:PAGEIND:

  • 3-Year ROIIC %: -60.67
  • GF Value™: ₹45,527.84 vs. price of ₹36,520.00 (19.8% below fair value)
  • GF Score™: 100/100 with 1 warning sign

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 Business Description

Other Exchanges 532827:India
Address Outer Ring Road, Umiya Business Bay, 7th Floor, Tower-1, Cessna Business Park, Kadubeesanahalli, Varthur Hobli, Bengaluru, KA, IND, 560103
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.
100GF Score

Get the complete analysis for NSE:PAGEIND

3-Year ROIIC % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹36,520.00
Price
₹45,527.84
GF Value