Pearl Global Industries Ltd

Pearl Global Industries Ltd

₹ 628 1.40%
21 May 10:00 a.m.
About

Pearl Global Industries Ltd. incorporated in 1987. [1] Pearl Global Industries Limited (PGIL) is a garment exporter, manufacturing from multiple sourcing regions within India and countries within South Asia. The product range includes knits, woven, and bottoms across men, women, and kids' wear segments. [2]

Key Points

Product Portfolio
Woven & Knits Tops & Dresses: Strong Design Capabilities & Co-Creation with Brand with the Production Capacity of 41 Mn Units p.a. across countries, [1]
Denim & Woven Constructed: Capability to handle various kinds of washes, garment over-dye, wet/dry processes with a Production Capacity of 17 Mn units p.a. across countries. [2]
Outerwear: Value Add & Complex
Product Handling with a Production capacity of 6 Mn Units p.a. across countries. [3]
Sleep/Loungewear: It specializes across knits /woven having a production capacity of 5 Mn Units p.a. across countries. [4]
Men’s Wear: It specializes across knits /woven categories with a production capacity of 6 Mn Units p.a. across countries. [5]

  • Market Cap 2,739 Cr.
  • Current Price 628
  • High / Low 735 / 244
  • Stock P/E 95.0
  • Book Value 85.8
  • Dividend Yield 1.38 %
  • ROCE 9.67 %
  • ROE 7.64 %
  • Face Value 5.00

Pros

Cons

  • Stock is trading at 7.22 times its book value
  • The company has delivered a poor sales growth of 2.56% over past five years.
  • Tax rate seems low
  • Company has a low return on equity of 9.34% over last 3 years.
  • Earnings include an other income of Rs.41.6 Cr.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
272 170 216 198 350 328 301 201 275 258 218 158 320
266 161 207 189 336 306 284 191 253 238 211 161 301
Operating Profit 6 9 9 9 14 22 16 10 21 20 8 -3 19
OPM % 2% 5% 4% 4% 4% 7% 5% 5% 8% 8% 4% -2% 6%
10 8 11 6 13 11 3 5 22 9 6 16 11
Interest 7 6 6 7 7 7 8 7 8 8 8 6 8
Depreciation 5 4 5 4 4 4 4 5 6 5 5 6 8
Profit before tax 5 6 10 4 16 22 7 3 30 15 1 1 13
Tax % -7% 27% 26% 32% 21% 17% 24% 26% 5% 25% 11% -554% 10%
5 4 8 2 13 18 6 2 28 12 1 4 12
EPS in Rs 1.12 1.02 1.77 0.55 2.94 4.15 1.29 0.54 6.45 2.68 0.28 0.81 2.73
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
558 663 624 768 858 711 840 825 771 934 1,104 954
541 639 605 751 852 712 799 803 773 886 1,028 910
Operating Profit 17 24 19 17 6 -2 41 22 -2 48 76 43
OPM % 3% 4% 3% 2% 1% -0% 5% 3% -0% 5% 7% 5%
16 20 27 32 45 47 29 35 37 35 39 42
Interest 19 21 21 20 23 26 26 28 26 29 34 30
Depreciation 10 8 10 10 11 13 13 18 18 18 19 24
Profit before tax 4 15 15 19 18 7 32 11 -9 36 62 30
Tax % 3% 5% 33% 29% 6% 61% 33% 54% 108% 25% 13% 7%
4 15 10 13 17 3 22 5 1 27 54 28
EPS in Rs 0.90 3.40 2.36 3.08 3.93 0.61 4.97 1.16 0.18 6.27 12.43 6.48
Dividend Payout % 56% 29% 48% 49% 38% 163% 30% 0% 0% 40% 30% 0%
Compounded Sales Growth
10 Years: 4%
5 Years: 3%
3 Years: 7%
TTM: -14%
Compounded Profit Growth
10 Years: 6%
5 Years: 10%
3 Years: 64%
TTM: -37%
Stock Price CAGR
10 Years: 19%
5 Years: 52%
3 Years: 77%
1 Year: 150%
Return on Equity
10 Years: 5%
5 Years: 5%
3 Years: 9%
Last Year: 8%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 22 22 22 22 22 22 22 22 22 22 22 22
Reserves 343 260 266 267 283 277 295 284 292 322 359 352
115 111 119 144 183 231 203 253 247 285 242 270
115 129 142 150 201 123 170 155 216 235 159 195
Total Liabilities 595 521 548 582 688 653 689 714 777 863 782 840
128 145 168 168 209 202 207 233 219 206 217 244
CWIP 2 13 0 4 3 1 2 2 0 0 7 14
Investments 153 56 65 107 129 138 119 126 127 132 132 125
312 307 316 304 347 313 362 353 431 526 425 457
Total Assets 595 521 548 582 688 653 689 714 777 863 782 840

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
8 62 31 32 4 -33 27 12 41 -23 91
-2 -27 -11 -20 -38 7 23 -32 15 7 37
-16 -24 -14 -1 23 24 -48 19 -31 14 -104
Net Cash Flow -10 11 6 12 -11 -2 2 -2 25 -3 24

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 37 28 31 31 38 45 48 43 69 45 37 48
Inventory Days 159 108 119 87 115 126 118 135 102 189 91 133
Days Payable 92 70 80 74 107 74 92 83 125 152 85 141
Cash Conversion Cycle 104 66 70 43 46 96 75 95 46 82 43 40
Working Capital Days 89 58 64 44 49 96 74 76 74 101 58 67
ROCE % 4% 9% 9% 9% 8% 6% 10% 7% 1% 10% 14%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
66.58% 66.58% 66.58% 66.58% 66.58% 66.58% 66.58% 66.58% 66.58% 66.58% 66.23% 66.19%
6.39% 6.44% 5.81% 5.66% 5.59% 5.33% 5.25% 5.17% 5.03% 5.30% 5.25% 5.45%
1.99% 1.46% 1.20% 1.43% 1.45% 1.29% 1.22% 1.24% 1.05% 0.50% 0.43% 0.49%
25.04% 25.52% 26.40% 26.32% 26.37% 26.79% 26.95% 27.01% 27.32% 27.61% 28.09% 27.87%
No. of Shareholders 12,85313,81513,60013,47713,50213,73613,61913,40013,83914,77617,07116,314

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

Documents

Concalls