Page Industries vs Rupa and Company: Which Stock Should You Track
- August 6, 2026
- Posted by: Ankit Jaiswal
- Category: News
Page Industries MCap Rs 44,367 Cr, PE 58.08x, ROE 50.83%, D/E 0.18. Rupa and Company MCap Rs 1,297 Cr, PE 17.88x, ROE 6.80%, D/E 0.24.
Page Industries vs Rupa and Company is a comparison innerwear investors look up when evaluating the premium and mid-market segments of India’s branded undergarment market. Page Industries is the exclusive franchisee of Jockey International in India, Sri Lanka and Bangladesh, selling premium innerwear, casualwear and sportswear at aspirational pricing. Rupa and Company is a mid-market innerwear company selling across economy and mid-range segments under Rupa, Frontline, Euro, Bumchum and other brands.
This Page Industries vs Rupa and Company article covers reach and market position, key products, latest declared results and stock valuation. The Page Industries vs Rupa and Company data below is sourced from Groww and public company filings and reflects the most recently available information at the time of writing.
Page Industries vs Rupa and Company: Reach and Market Position
On the Page Industries side of the Page Industries vs Rupa and Company comparison, Page Industries distributes Jockey through exclusive brand outlets, multi-brand outlets, modern trade and e-commerce, targeting the premium and aspirational Indian consumer. Market capitalisation is Rs 44,367 Cr.
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On the Rupa and Company side of the Page Industries vs Rupa and Company comparison, Rupa and Company distributes through a large traditional trade network of over 100,000 retailers across India, serving mass market and economy buyers. Market capitalisation is Rs 1,297 Cr.
Page Industries vs Rupa and Company: Key Products and Business Mix
In the Page Industries vs Rupa and Company product comparison, Page Industries offers: Page Industries sells Jockey branded briefs, boxers, T-shirts, sports bras, sports shorts and women’s innerwear at premium Indian price points. P/E is 58.08x, ROE 50.83 percent, debt to equity 0.18. Dividend yield is 1.38 percent.
For Rupa and Company in this Page Industries vs Rupa and Company breakdown: Rupa and Company sells economy and mid-market vests, briefs, T-shirts and thermal wear under Rupa, Euro, Frontline and Bumchum brands. P/E is 17.88x, ROE 6.80 percent, debt to equity 0.24. Dividend yield is 1.84 percent.
Page Industries vs Rupa and Company: Latest Results
The Page Industries vs Rupa and Company results for Page Industries: Page Industries has a market cap of Rs 44,367 Cr and P/E of 58.08x. ROE is 50.83 percent — exceptional for a consumer goods company. Page is over 34 times larger than Rupa by market cap.
The Page Industries vs Rupa and Company results for Rupa and Company: Rupa and Company has a market cap of Rs 1,297 Cr and P/E of 17.88x. ROE is 6.80 percent.
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Page Industries vs Rupa and Company: Stock and Valuation
The Page Industries vs Rupa and Company stock comparison uses the latest available market data from Groww. Investors tracking Page Industries vs Rupa and Company should verify current prices on NSE or BSE before trading.
Page Industries trades at a market cap of Rs 44,367 Cr and P/E of 58.08x with an outstanding ROE of 50.83 percent from the Jockey brand premium. Rupa trades at Rs 1,297 Cr market cap and P/E of 17.88x, much cheaper, with ROE of 6.80 percent in the more competitive mass market segment.
Page Industries vs Rupa and Company: Quick Comparison Table
The Page Industries vs Rupa and Company comparison table below summarises the key metrics covered in this article side by side.
| Parameter | Page Industries | Rupa and Company |
|---|---|---|
| Sector | Premium innerwear: Jockey franchise | Mid-market and economy innerwear |
| Market Cap | Rs 44,367 Cr | Rs 1,297 Cr |
| P/E Ratio | 58.08x | 17.88x |
| ROE | 50.83% | 6.80% |
| Debt to Equity | 0.18 | 0.24 |
| Dividend Yield | 1.38% | 1.84% |
| Key brands | Jockey (premium, franchise) | Rupa, Euro, Frontline, Bumchum |
| Distribution | EBOs, MBOs, modern trade | Traditional trade, 100,000-plus retailers |
Conclusion
The Page Industries vs Rupa and Company comparison above covers the key data points on reach, products, results and valuation. Page Industries vs Rupa and Company illustrate the premium-versus-mass market divide in Indian innerwear. Page Industries has an extraordinary ROE of 50.83 percent from the Jockey premium brand at a high P/E. Rupa is far cheaper but competes in a margin-compressed commodity-like segment. Investors should review volume growth and pricing trends and consult a SEBI-registered advisor before investing.
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Disclaimer: Data and figures in this article are sourced from publicly available information, including company results filings and exchange data, and are current as of the time of writing. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
Frequently Asked Questions
What is the main difference between Page Industries and Rupa and Company?
Ans. Page Industries is the exclusive Jockey franchisee in India selling premium innerwear and casualwear. Rupa and Company sells economy and mid-market innerwear under Rupa, Euro and Frontline brands.
Why does Page Industries have such a high ROE?
Ans. Page Industries’ ROE of 50.83 percent reflects the pricing power and capital-light distribution model of the Jockey franchise. Premium brand positioning allows high margins on low manufacturing capital.
Which stock trades at a lower P/E?
Ans. Rupa and Company trades at 17.88x trailing earnings, much cheaper than Page Industries at 58.08x.
Which stock pays a higher dividend?
Ans. Rupa and Company pays a dividend yield of 1.84 percent, higher than Page Industries at 1.38 percent.
Is Page Industries directly owned by Jockey International?
Ans. No. Page Industries holds an exclusive franchise licence from Jockey International (USA) to manufacture and sell Jockey products in India, Sri Lanka and Bangladesh.
What risks apply to innerwear companies?
Ans. Page faces risk from Jockey franchise renewal and expansion restrictions. Rupa faces risk from competition in the commoditised economy innerwear segment and raw material cotton price changes.
Should I invest in Page Industries or Rupa and Company?
Ans. Page Industries has an exceptional ROE at a premium P/E. Rupa is much cheaper in a lower-margin segment. Consult a SEBI-registered advisor before investing.
