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 ₹ 2,589 Cr.
- Current Price ₹ 594
- High / Low ₹ 735 / 206
- Stock P/E 16.6
- Book Value ₹ 168
- Dividend Yield 1.47 %
- ROCE 19.2 %
- ROE 21.1 %
- Face Value ₹ 5.00
Pros
- Company has reduced debt.
- Company has delivered good profit growth of 45.0% CAGR over last 5 years
- Debtor days have improved from 44.3 to 24.2 days.
- Company's working capital requirements have reduced from 74.5 days to 48.2 days
Cons
- Stock is trading at 3.53 times its book value
- Tax rate seems low
- Company has a low return on equity of 12.1% over last 3 years.
* 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.
Peer comparison
Sector: Readymade Garments/ Apparells Industry: Textiles - Products
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
2,798 | 3,820 | 4,699 | 1,024 | 1,393 | 1,538 | 1,496 | 1,758 | 1,685 | 1,491 | 2,714 | 3,158 | 3,289 | |
2,713 | 3,727 | 4,640 | 974 | 1,333 | 1,465 | 1,450 | 1,657 | 1,603 | 1,424 | 2,555 | 2,883 | 3,000 | |
Operating Profit | 86 | 93 | 59 | 50 | 61 | 73 | 46 | 100 | 82 | 67 | 159 | 275 | 289 |
OPM % | 3% | 2% | 1% | 5% | 4% | 5% | 3% | 6% | 5% | 4% | 6% | 9% | 9% |
16 | 17 | 60 | 24 | 24 | 30 | 47 | 51 | 44 | 36 | 37 | 34 | 41 | |
Interest | 30 | 34 | 40 | 23 | 21 | 35 | 38 | 43 | 53 | 47 | 61 | 82 | 77 |
Depreciation | 25 | 27 | 29 | 16 | 17 | 19 | 23 | 26 | 42 | 44 | 48 | 51 | 59 |
Profit before tax | 47 | 49 | 51 | 34 | 47 | 49 | 32 | 83 | 31 | 11 | 86 | 176 | 194 |
Tax % | 17% | 38% | 13% | 29% | 23% | 15% | 29% | 19% | 30% | -54% | 18% | 13% | |
39 | 30 | 44 | 24 | 37 | 42 | 23 | 67 | 22 | 17 | 70 | 153 | 173 | |
EPS in Rs | 7.27 | 5.49 | 8.92 | 5.79 | 8.47 | 9.38 | 5.56 | 15.54 | 4.98 | 3.99 | 15.74 | 34.47 | 40.45 |
Dividend Payout % | 0% | 9% | 11% | 19% | 18% | 16% | 18% | 10% | 0% | 0% | 16% | 11% |
Compounded Sales Growth | |
---|---|
10 Years: | -2% |
5 Years: | 16% |
3 Years: | 23% |
TTM: | -1% |
Compounded Profit Growth | |
---|---|
10 Years: | 16% |
5 Years: | 45% |
3 Years: | 78% |
TTM: | 27% |
Stock Price CAGR | |
---|---|
10 Years: | 20% |
5 Years: | 48% |
3 Years: | 89% |
1 Year: | 172% |
Return on Equity | |
---|---|
10 Years: | 9% |
5 Years: | 11% |
3 Years: | 12% |
Last Year: | 21% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
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 | 526 | 592 | 674 | 296 | 323 | 359 | 373 | 448 | 479 | 496 | 577 | 701 | 712 |
452 | 506 | 605 | 167 | 217 | 253 | 315 | 333 | 463 | 440 | 645 | 558 | 502 | |
376 | 610 | 609 | 250 | 264 | 282 | 226 | 298 | 288 | 339 | 538 | 501 | 537 | |
Total Liabilities | 1,376 | 1,730 | 1,910 | 734 | 825 | 916 | 937 | 1,100 | 1,252 | 1,296 | 1,781 | 1,781 | 1,772 |
322 | 328 | 372 | 213 | 210 | 256 | 274 | 338 | 422 | 390 | 448 | 500 | 570 | |
CWIP | 11 | 3 | 15 | 3 | 11 | 16 | 8 | 8 | 36 | 47 | 15 | 33 | 37 |
Investments | 10 | 26 | 42 | 11 | 19 | 13 | 37 | 33 | 38 | 55 | 55 | 60 | 94 |
1,033 | 1,373 | 1,481 | 507 | 585 | 630 | 617 | 722 | 756 | 804 | 1,263 | 1,188 | 1,071 | |
Total Assets | 1,376 | 1,730 | 1,910 | 734 | 825 | 916 | 937 | 1,100 | 1,252 | 1,296 | 1,781 | 1,781 | 1,772 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
0 | -5 | 84 | 32 | 25 | 15 | 33 | 75 | 64 | 95 | -92 | 365 | |
-21 | -34 | -82 | -55 | -22 | -49 | -58 | -59 | -85 | -26 | -40 | -26 | |
-9 | 40 | 69 | 2 | 24 | 11 | 31 | -14 | 15 | -62 | 153 | -200 | |
Net Cash Flow | -30 | 1 | 71 | -20 | 27 | -23 | 6 | 2 | -6 | 7 | 22 | 139 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
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 | 66 | 73 | 52 | 43 | 50 | 38 | 35 | 46 | 48 | 59 | 49 | 24 |
Inventory Days | 43 | 35 | 29 | 119 | 80 | 93 | 93 | 99 | 119 | 133 | 131 | 115 |
Days Payable | 45 | 57 | 46 | 113 | 82 | 51 | 48 | 76 | 82 | 117 | 106 | 88 |
Cash Conversion Cycle | 64 | 52 | 35 | 49 | 48 | 80 | 79 | 69 | 85 | 76 | 74 | 52 |
Working Capital Days | 63 | 57 | 47 | 57 | 55 | 54 | 57 | 65 | 75 | 90 | 85 | 48 |
ROCE % | 8% | 9% | 8% | 6% | 12% | 13% | 10% | 14% | 10% | 5% | 12% | 19% |
Documents
Announcements
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CERTIFICATE UNDER REGULATION 40(9) OF SEBI (LODR) REGULATIONS, 2015
16 Apr - Compliance Certificate received from practicing Company Secretary for the financial year ended March 31, 2024, as required under Regulation 40(9) SEBI (Listing Obligation and Disclosure …
- Intimation Of Grant Of Stock Options Under Pearl Global Industries Limited Employee Stock Option Plan 2022 16 Apr
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 13 Apr
- Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 12 Apr
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Compliance Certificate For The Year Ended 31St March 2024
12 Apr - Compliance Certificate under regulation 7(3) of SEBI (LODR) Regulations, 2015
Annual reports
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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
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Financial Year 2011
from nse
Concalls
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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
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]