Pearl Global Industries Ltd

Pearl Global Industries Ltd

₹ 600 -0.29%
24 Apr 1:43 p.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 2,615 Cr.
  • Current Price 600
  • High / Low 735 / 206
  • Stock P/E 86.6
  • Book Value 86.3
  • Dividend Yield 1.43 %
  • ROCE 13.8 %
  • ROE 12.7 %
  • Face Value 5.00

Pros

  • Company has reduced debt.
  • Company has delivered good profit growth of 87.1% CAGR over last 5 years
  • Company has been maintaining a healthy dividend payout of 23.4%
  • Debtor days have improved from 50.2 to 36.5 days.
  • Company's working capital requirements have reduced from 77.8 days to 58.2 days

Cons

  • Stock is trading at 7.02 times its book value
  • The company has delivered a poor sales growth of 9.20% over past five years.
  • Tax rate seems low
  • Company has a low return on equity of 5.89% over last 3 years.
  • Earnings include an other income of Rs.52.8 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.

Loading peers table ...

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
190.28 271.74 169.90 216.31 197.83 349.73 327.87 300.52 200.77 274.61 257.50 218.50 157.60
198.18 265.53 161.10 206.94 189.15 335.59 306.15 284.16 190.66 253.20 237.86 210.52 160.79
Operating Profit -7.90 6.21 8.80 9.37 8.68 14.14 21.72 16.36 10.11 21.41 19.64 7.98 -3.19
OPM % -4.15% 2.29% 5.18% 4.33% 4.39% 4.04% 6.62% 5.44% 5.04% 7.80% 7.63% 3.65% -2.02%
18.25 10.39 7.73 11.47 6.27 13.13 11.32 2.85 5.32 21.84 8.94 6.30 15.69
Interest 6.01 6.81 6.00 5.72 7.34 6.80 7.43 7.58 7.24 8.17 8.14 7.61 6.18
Depreciation 4.25 5.25 4.47 4.73 4.11 4.32 4.04 4.23 5.02 5.53 5.06 5.34 5.78
Profit before tax 0.09 4.54 6.06 10.39 3.50 16.15 21.57 7.40 3.17 29.55 15.38 1.33 0.54
Tax % -5,922.22% -7.05% 27.39% 26.37% 32.29% 21.11% 16.69% 24.19% 26.18% 5.45% 24.64% 10.53% -553.70%
5.42 4.85 4.40 7.65 2.38 12.73 17.96 5.60 2.33 27.92 11.59 1.20 3.54
EPS in Rs 1.25 1.12 1.02 1.77 0.55 2.94 4.15 1.29 0.54 6.45 2.68 0.28 0.81
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
647 558 663 624 768 858 711 840 825 771 934 1,104 908
625 541 639 605 751 852 712 799 803 773 886 1,028 862
Operating Profit 22 17 24 19 17 6 -2 41 22 -2 48 76 46
OPM % 3% 3% 4% 3% 2% 1% -0% 5% 3% -0% 5% 7% 5%
12 16 20 27 32 45 47 29 35 37 35 39 53
Interest 21 19 21 21 20 23 26 26 28 26 29 34 30
Depreciation 10 10 8 10 10 11 13 13 18 18 18 19 22
Profit before tax 2 4 15 15 19 18 7 32 11 -9 36 62 47
Tax % -91% 3% 5% 33% 29% 6% 61% 33% 54% 108% 25% 13%
4 4 15 10 13 17 3 22 5 1 27 54 44
EPS in Rs 0.85 0.90 3.40 2.36 3.08 3.93 0.61 4.97 1.16 0.18 6.27 12.43 10.22
Dividend Payout % 0% 56% 29% 48% 49% 38% 163% 30% 0% 0% 40% 30%
Compounded Sales Growth
10 Years: 7%
5 Years: 9%
3 Years: 10%
TTM: -23%
Compounded Profit Growth
10 Years: 34%
5 Years: 87%
3 Years: 124%
TTM: -27%
Stock Price CAGR
10 Years: 20%
5 Years: 49%
3 Years: 89%
1 Year: 178%
Return on Equity
10 Years: 4%
5 Years: 5%
3 Years: 6%
Last Year: 13%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 22 22 22 22 22 22 22 22 22 22 22 22 22
Reserves 331 343 260 266 267 283 277 295 284 292 322 359 354
115 115 111 119 144 183 231 203 253 247 285 242 198
116 115 129 142 150 201 123 170 155 216 235 159 136
Total Liabilities 583 595 521 548 582 688 653 689 714 777 863 782 710
132 128 145 168 168 209 202 207 233 219 206 217 227
CWIP 3 2 13 0 4 3 1 2 2 0 0 7 11
Investments 148 153 56 65 107 129 138 119 126 127 132 132 172
300 312 307 316 304 347 313 362 353 431 526 425 300
Total Assets 583 595 521 548 582 688 653 689 714 777 863 782 710

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
30 8 62 31 32 4 -33 27 12 41 -23 91
21 -2 -27 -11 -20 -38 7 23 -32 15 7 37
-56 -16 -24 -14 -1 23 24 -48 19 -31 14 -104
Net Cash Flow -6 -10 11 6 12 -11 -2 2 -2 25 -3 24

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 38 37 28 31 31 38 45 48 43 69 45 37
Inventory Days 102 159 108 119 87 115 126 118 135 102 189 91
Days Payable 74 92 70 80 74 107 74 92 83 125 152 85
Cash Conversion Cycle 66 104 66 70 43 46 96 75 95 46 82 43
Working Capital Days 66 89 58 64 44 49 96 74 76 74 101 58
ROCE % 5% 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