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 ₹ 5,755 Cr.
- Current Price ₹ 1,252
- High / Low ₹ 1,718 / 855
- Stock P/E 22.8
- Book Value ₹ 252
- Dividend Yield 0.92 %
- ROCE 22.1 %
- ROE 24.3 %
- Face Value ₹ 5.00
Pros
- Company has delivered good profit growth of 57.2% CAGR over last 5 years
- Company has been maintaining a healthy dividend payout of 25.3%
Cons
- Tax rate seems low
- Promoter holding has decreased over last 3 years: -3.80%
* 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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
4,699 | 1,024 | 1,393 | 1,538 | 1,496 | 1,758 | 1,685 | 1,491 | 2,714 | 3,158 | 3,436 | 4,506 | 4,681 | |
4,640 | 974 | 1,333 | 1,465 | 1,450 | 1,657 | 1,603 | 1,424 | 2,555 | 2,883 | 3,111 | 4,089 | 4,264 | |
Operating Profit | 59 | 50 | 61 | 73 | 46 | 100 | 82 | 67 | 159 | 275 | 325 | 417 | 418 |
OPM % | 1% | 5% | 4% | 5% | 3% | 6% | 5% | 4% | 6% | 9% | 9% | 9% | 9% |
60 | 24 | 24 | 30 | 47 | 51 | 44 | 36 | 37 | 34 | 31 | 38 | 34 | |
Interest | 40 | 23 | 21 | 35 | 38 | 43 | 53 | 47 | 61 | 82 | 100 | 112 | 103 |
Depreciation | 29 | 16 | 17 | 19 | 23 | 26 | 42 | 44 | 48 | 51 | 64 | 75 | 78 |
Profit before tax | 51 | 34 | 47 | 49 | 32 | 83 | 31 | 11 | 86 | 176 | 192 | 267 | 270 |
Tax % | 13% | 29% | 23% | 15% | 29% | 19% | 30% | -54% | 18% | 13% | 12% | 14% | |
44 | 24 | 37 | 42 | 23 | 67 | 22 | 17 | 70 | 153 | 169 | 231 | 234 | |
EPS in Rs | 8.92 | 5.79 | 8.47 | 9.38 | 5.56 | 15.54 | 4.98 | 3.99 | 15.74 | 34.47 | 40.11 | 54.06 | 54.62 |
Dividend Payout % | 11% | 19% | 18% | 16% | 18% | 10% | -0% | -0% | 16% | 11% | 44% | 21% |
Compounded Sales Growth | |
---|---|
10 Years: | 16% |
5 Years: | 22% |
3 Years: | 18% |
TTM: | 30% |
Compounded Profit Growth | |
---|---|
10 Years: | 25% |
5 Years: | 57% |
3 Years: | 57% |
TTM: | 34% |
Stock Price CAGR | |
---|---|
10 Years: | 28% |
5 Years: | 76% |
3 Years: | 63% |
1 Year: | 26% |
Return on Equity | |
---|---|
10 Years: | 15% |
5 Years: | 18% |
3 Years: | 23% |
Last Year: | 24% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 22 | 22 | 22 | 22 | 22 | 22 | 22 | 22 | 22 | 22 | 22 | 23 |
Reserves | 674 | 296 | 323 | 359 | 373 | 448 | 479 | 496 | 577 | 701 | 780 | 1,133 |
605 | 167 | 217 | 253 | 315 | 333 | 463 | 440 | 645 | 558 | 588 | 773 | |
609 | 250 | 264 | 282 | 226 | 298 | 288 | 339 | 538 | 501 | 595 | 667 | |
Total Liabilities | 1,910 | 734 | 825 | 916 | 937 | 1,100 | 1,252 | 1,296 | 1,781 | 1,781 | 1,985 | 2,595 |
372 | 213 | 210 | 256 | 274 | 338 | 422 | 390 | 448 | 500 | 612 | 727 | |
CWIP | 15 | 3 | 11 | 16 | 8 | 8 | 36 | 47 | 15 | 33 | 35 | 44 |
Investments | 42 | 11 | 19 | 13 | 37 | 33 | 38 | 55 | 55 | 60 | 30 | 24 |
1,481 | 507 | 585 | 630 | 617 | 722 | 756 | 804 | 1,263 | 1,188 | 1,309 | 1,800 | |
Total Assets | 1,910 | 734 | 825 | 916 | 937 | 1,100 | 1,252 | 1,296 | 1,781 | 1,781 | 1,985 | 2,595 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
84 | 32 | 25 | 15 | 33 | 75 | 64 | 95 | -92 | 365 | 352 | 176 | |
-82 | -55 | -22 | -49 | -58 | -59 | -85 | -26 | -40 | -26 | -128 | -104 | |
69 | 2 | 24 | 11 | 31 | -14 | 15 | -62 | 153 | -200 | -152 | 101 | |
Net Cash Flow | 71 | -20 | 27 | -23 | 6 | 2 | -6 | 7 | 22 | 139 | 72 | 174 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 52 | 43 | 50 | 38 | 35 | 46 | 48 | 59 | 49 | 24 | 28 | 26 |
Inventory Days | 29 | 119 | 80 | 93 | 93 | 99 | 119 | 133 | 131 | 115 | 108 | 108 |
Days Payable | 46 | 113 | 82 | 51 | 48 | 76 | 82 | 117 | 106 | 88 | 105 | 86 |
Cash Conversion Cycle | 35 | 49 | 48 | 80 | 79 | 69 | 85 | 76 | 74 | 52 | 32 | 49 |
Working Capital Days | 5 | 5 | 6 | 5 | 5 | 16 | 17 | 29 | 25 | 5 | 3 | 6 |
ROCE % | 8% | 6% | 12% | 13% | 10% | 14% | 10% | 5% | 12% | 19% | 21% | 22% |
Documents
Announcements
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Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011
25 Aug - HDFC Mutual Fund increased stake in Pearl Global to 7.23% (up 2.17%) on August 22, 2025 via open market.
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Intimation Regarding 100 Days Campaign - 'Saksham Niveshak'
21 Aug - 100-day Saksham Niveshak (Jul 28–Nov 6, 2025) urging shareholders to update KYC and claim unpaid dividends
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Intimation Of Grant Of Stock Options Under Pearl Global Industries Limited Employee Stock Option Plan 2022.
21 Aug - Grant of 4,500 stock options at Rs.300 each on Aug 21, 2025; vesting over 1–4 years.
- Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS 21 Aug
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
14 Aug - Earning Call Transcript of Investors/ Analysts Meet held on August 08, 2025.
Annual reports
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Financial Year 2025
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2011
from nse
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Financial Year 2011
from bse
Concalls
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Aug 2025Transcript PPT
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May 2025Transcript PPT REC
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Feb 2025Transcript PPT REC
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Nov 2024Transcript PPT
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Aug 2024Transcript PPT
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Jun 2024Transcript PPT
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May 2024TranscriptNotesPPT
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Mar 2024Transcript PPT
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Feb 2024Transcript PPT
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Feb 2024TranscriptNotesPPT
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Nov 2023Transcript PPT
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Aug 2023Transcript PPT
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May 2023Transcript PPT
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Feb 2023Transcript PPT
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Nov 2022Transcript PPT
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Aug 2022Transcript PPT
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May 2022TranscriptNotesPPT
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Nov 2019TranscriptNotesPPT
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Nov 2016TranscriptNotesPPT
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Sep 2016TranscriptNotesPPT
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Aug 2016TranscriptNotesPPT
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May 2016TranscriptNotesPPT
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Jul 2015TranscriptNotesPPT
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.