Pearl Global Industries Ltd
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]
- Market Cap ₹ 7,509 Cr.
- Current Price ₹ 1,620
- High / Low ₹ 1,993 / 1,178
- Stock P/E 108
- Book Value ₹ 126
- Dividend Yield 0.89 %
- ROCE 12.5 %
- ROE 12.2 %
- Face Value ₹ 5.00
Pros
- Company has been maintaining a healthy dividend payout of 141%
Cons
- Stock is trading at 12.8 times its book value
- The company has delivered a poor sales growth of 6.99% over past five years.
- Tax rate seems low
- Company has a low return on equity of 9.92% over last 3 years.
- Earnings include an other income of Rs.76.6 Cr.
- Promoter holding has decreased over last 3 years: -5.42%
* 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.
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 624 | 768 | 858 | 711 | 840 | 825 | 771 | 934 | 1,104 | 954 | 1,196 | 1,081 | |
| 605 | 751 | 852 | 712 | 799 | 803 | 773 | 886 | 1,028 | 907 | 1,132 | 1,018 | |
| Operating Profit | 19 | 17 | 6 | -2 | 41 | 22 | -2 | 48 | 76 | 46 | 64 | 64 |
| OPM % | 3% | 2% | 1% | -0% | 5% | 3% | -0% | 5% | 7% | 5% | 5% | 6% |
| 27 | 32 | 45 | 47 | 29 | 35 | 37 | 35 | 39 | 41 | 60 | 77 | |
| Interest | 21 | 20 | 23 | 26 | 26 | 28 | 26 | 29 | 34 | 32 | 34 | 34 |
| Depreciation | 10 | 10 | 11 | 13 | 13 | 18 | 18 | 18 | 19 | 24 | 27 | 28 |
| Profit before tax | 15 | 19 | 18 | 7 | 32 | 11 | -9 | 36 | 62 | 30 | 63 | 78 |
| Tax % | 33% | 29% | 6% | 61% | 33% | 54% | -108% | 25% | 13% | 7% | 13% | 12% |
| 10 | 13 | 17 | 3 | 22 | 5 | 1 | 27 | 54 | 28 | 55 | 69 | |
| EPS in Rs | 2.36 | 3.08 | 3.93 | 0.61 | 4.97 | 1.16 | 0.18 | 6.27 | 12.43 | 6.48 | 11.95 | 14.91 |
| Dividend Payout % | 48% | 49% | 38% | 163% | 30% | 0% | 0% | 40% | 30% | 270% | 96% | 57% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 3% |
| 5 Years: | 7% |
| 3 Years: | -1% |
| TTM: | -10% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 19% |
| 5 Years: | 51% |
| 3 Years: | 15% |
| TTM: | 56% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 30% |
| 5 Years: | 70% |
| 3 Years: | 86% |
| 1 Year: | 25% |
| Return on Equity | |
|---|---|
| 10 Years: | 7% |
| 5 Years: | 10% |
| 3 Years: | 10% |
| Last Year: | 12% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 22 | 22 | 22 | 22 | 22 | 22 | 22 | 22 | 22 | 22 | 23 | 23 |
| Reserves | 266 | 267 | 283 | 277 | 295 | 284 | 292 | 322 | 359 | 352 | 539 | 559 |
| 119 | 144 | 183 | 231 | 203 | 253 | 247 | 285 | 242 | 270 | 314 | 352 | |
| 142 | 150 | 201 | 123 | 170 | 155 | 216 | 235 | 159 | 195 | 224 | 231 | |
| Total Liabilities | 548 | 582 | 688 | 653 | 689 | 714 | 777 | 863 | 782 | 840 | 1,099 | 1,165 |
| 168 | 168 | 209 | 202 | 207 | 233 | 219 | 206 | 217 | 244 | 264 | 280 | |
| CWIP | 0 | 4 | 3 | 1 | 2 | 2 | 0 | 0 | 7 | 14 | 1 | 0 |
| Investments | 65 | 107 | 129 | 138 | 119 | 126 | 127 | 132 | 132 | 125 | 164 | 169 |
| 316 | 304 | 347 | 313 | 362 | 353 | 431 | 526 | 425 | 457 | 670 | 716 | |
| Total Assets | 548 | 582 | 688 | 653 | 689 | 714 | 777 | 863 | 782 | 840 | 1,099 | 1,165 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 31 | 32 | 4 | -33 | 27 | 12 | 41 | -23 | 91 | 62 | 43 | ||
| -11 | -20 | -38 | 7 | 23 | -32 | 15 | 7 | 37 | -12 | -28 | ||
| -14 | -1 | 23 | 24 | -48 | 19 | -31 | 14 | -104 | -56 | 115 | ||
| Net Cash Flow | 6 | 12 | -11 | -2 | 2 | -2 | 25 | -3 | 24 | -6 | 130 | |
| Free Cash Flow | 8 | 17 | -39 | -29 | 25 | -32 | 42 | -31 | 110 | 14 | 40 | |
| CFO/OP | 185% | 217% | 121% | 1,766% | 82% | 93% | -2,112% | -40% | 129% | 146% | 76% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 31 | 31 | 38 | 45 | 48 | 43 | 69 | 45 | 37 | 48 | 44 | 56 |
| Inventory Days | 119 | 87 | 115 | 126 | 118 | 135 | 102 | 189 | 91 | 133 | 116 | 156 |
| Days Payable | 80 | 74 | 107 | 74 | 92 | 83 | 125 | 152 | 85 | 141 | 111 | 123 |
| Cash Conversion Cycle | 70 | 43 | 46 | 96 | 75 | 95 | 46 | 82 | 43 | 40 | 48 | 89 |
| Working Capital Days | 3 | -14 | -16 | 2 | 3 | 8 | 19 | 30 | 7 | -3 | -3 | 4 |
| ROCE % | 9% | 9% | 8% | 6% | 10% | 7% | 1% | 10% | 14% | 10% | 11% | 12% |
Insights
In beta| Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|
| Number of Manufacturing Units/Factories Units |
|
||||||||
| Total Installed Capacity (Annual) Million Pieces |
|||||||||
| Total Pieces Shipped (Annual) Million Pieces |
|||||||||
| Installed Capacity - Geographical Breakdown Million Pieces |
|||||||||
| Revenue Realization per Piece Inr |
|||||||||
Extracted by Screener AI
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
2d - Submitted May 20, 2026 transcript of May 15 Q4/FY26 earnings call; revenue ₹5,025 crore, PAT ₹270 crore.
-
Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS
18 May - Intimation of Allotment of 24,500 Equity Shares under ESOP Scheme-2022
-
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
15 May - Please find attached Intimation of Investors'' Meet to be held on May 20, 2026 through Virtual mode.
-
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
15 May - Q4 and FY26 earnings call recording uploaded; transcript to follow.
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
15 May - The Newspaper publication for Audited Financial Results for the quarter and year ended March 31, 2026.
Annual reports
-
Financial Year 2025
from bse
-
Financial Year 2024
from bse
-
Financial Year 2023
from bse
-
Financial Year 2022
from bse
-
Financial Year 2021
from bse
-
Financial Year 2020
from bse
-
Financial Year 2019
from bse
-
Financial Year 2018
from bse
-
Financial Year 2017
from bse
-
Financial Year 2016
from bse
-
Financial Year 2015
from bse
-
Financial Year 2014
from bse
-
Financial Year 2013
from bse
-
Financial Year 2011
from nse
-
Financial Year 2011
from bse
Concalls
-
May 2026Transcript PPT
-
Feb 2026Transcript PPT REC
-
Nov 2025Transcript PPT
-
Aug 2025Transcript PPT
-
May 2025Transcript PPT REC
-
Feb 2025Transcript PPT REC
-
Nov 2024Transcript PPT
-
Aug 2024Transcript PPT
-
Jun 2024Transcript PPT
-
May 2024TranscriptAI SummaryPPT
-
Mar 2024Transcript PPT
-
Feb 2024Transcript PPT
-
Feb 2024TranscriptAI SummaryPPT
-
Nov 2023Transcript PPT
-
Aug 2023Transcript PPT
-
May 2023Transcript PPT
-
Feb 2023Transcript PPT
-
Nov 2022Transcript PPT
-
Aug 2022Transcript PPT
-
May 2022TranscriptAI SummaryPPT
-
Nov 2019TranscriptAI SummaryPPT
-
Nov 2016TranscriptAI SummaryPPT
-
Sep 2016TranscriptAI SummaryPPT
-
Aug 2016TranscriptAI SummaryPPT
-
May 2016TranscriptAI SummaryPPT
-
Jul 2015TranscriptAI SummaryPPT
Business Profile[1]
Pearl Global Industries is a global apparel manufacturing and export company, offering solutions including design, manufacturing, and supply chain management. It caters to top global fashion retailers through multi-country manufacturing facilities and strategic design and sales offices. The company focuses on women’s fashion, men’s wear, and kids' wear.