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 ₹ 7,647 Cr.
- Current Price ₹ 1,654
- High / Low ₹ 1,993 / 1,178
- Stock P/E 27.4
- Book Value ₹ 316
- Dividend Yield 0.88 %
- ROCE 19.2 %
- ROE 21.3 %
- Face Value ₹ 5.00
Pros
- Company has delivered good profit growth of 102% CAGR over last 5 years
- Company has been maintaining a healthy dividend payout of 26.3%
Cons
- Tax rate seems low
- 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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1,024 | 1,393 | 1,538 | 1,496 | 1,758 | 1,685 | 1,491 | 2,714 | 3,158 | 3,436 | 4,506 | 5,025 | |
| 974 | 1,333 | 1,465 | 1,450 | 1,657 | 1,603 | 1,424 | 2,555 | 2,883 | 3,111 | 4,089 | 4,561 | |
| Operating Profit | 50 | 61 | 73 | 46 | 100 | 82 | 67 | 159 | 275 | 325 | 417 | 464 |
| OPM % | 5% | 4% | 5% | 3% | 6% | 5% | 4% | 6% | 9% | 9% | 9% | 9% |
| 24 | 24 | 30 | 47 | 51 | 44 | 36 | 37 | 34 | 31 | 38 | 36 | |
| Interest | 23 | 21 | 35 | 38 | 43 | 53 | 47 | 61 | 82 | 100 | 112 | 103 |
| Depreciation | 16 | 17 | 19 | 23 | 26 | 42 | 44 | 48 | 51 | 64 | 75 | 87 |
| Profit before tax | 34 | 47 | 49 | 32 | 83 | 31 | 11 | 86 | 176 | 192 | 267 | 309 |
| Tax % | 29% | 23% | 15% | 29% | 19% | 30% | -54% | 18% | 13% | 12% | 14% | 13% |
| 24 | 37 | 42 | 23 | 67 | 22 | 17 | 70 | 153 | 169 | 231 | 270 | |
| EPS in Rs | 5.79 | 8.47 | 9.38 | 5.56 | 15.54 | 4.98 | 3.99 | 15.74 | 34.47 | 40.11 | 54.06 | 60.17 |
| Dividend Payout % | 19% | 18% | 16% | 18% | 10% | 0% | 0% | 16% | 11% | 44% | 21% | 14% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 14% |
| 5 Years: | 28% |
| 3 Years: | 17% |
| TTM: | 12% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 23% |
| 5 Years: | 102% |
| 3 Years: | 26% |
| TTM: | 17% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 30% |
| 5 Years: | 75% |
| 3 Years: | 88% |
| 1 Year: | 15% |
| Return on Equity | |
|---|---|
| 10 Years: | 16% |
| 5 Years: | 21% |
| 3 Years: | 23% |
| Last Year: | 21% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| 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 | 296 | 323 | 359 | 373 | 448 | 479 | 496 | 577 | 701 | 780 | 1,133 | 1,437 |
| 167 | 217 | 253 | 315 | 333 | 463 | 440 | 645 | 558 | 588 | 773 | 943 | |
| 250 | 264 | 282 | 226 | 298 | 288 | 339 | 538 | 501 | 595 | 667 | 842 | |
| Total Liabilities | 734 | 825 | 916 | 937 | 1,100 | 1,252 | 1,296 | 1,781 | 1,781 | 1,986 | 2,595 | 3,245 |
| 213 | 210 | 256 | 274 | 338 | 422 | 390 | 448 | 500 | 612 | 727 | 821 | |
| CWIP | 3 | 11 | 16 | 8 | 8 | 36 | 47 | 15 | 33 | 35 | 44 | 110 |
| Investments | 11 | 19 | 13 | 37 | 33 | 38 | 55 | 55 | 60 | 30 | 24 | 36 |
| 507 | 585 | 630 | 617 | 722 | 756 | 804 | 1,263 | 1,188 | 1,309 | 1,800 | 2,278 | |
| Total Assets | 734 | 825 | 916 | 937 | 1,100 | 1,252 | 1,296 | 1,781 | 1,781 | 1,986 | 2,595 | 3,245 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 32 | 25 | 15 | 33 | 75 | 64 | 95 | -92 | 365 | 352 | 176 | 398 | |
| -55 | -22 | -49 | -58 | -59 | -85 | -26 | -40 | -26 | -128 | -104 | -158 | |
| 2 | 24 | 11 | 31 | -14 | 15 | -62 | 153 | -200 | -152 | 101 | -46 | |
| Net Cash Flow | -20 | 27 | -23 | 6 | 2 | -6 | 7 | 22 | 139 | 72 | 174 | 194 |
| Free Cash Flow | 2 | 5 | -49 | 8 | 4 | -32 | 64 | -142 | 325 | 229 | 81 | 208 |
| CFO/OP | 78% | 51% | 28% | 81% | 102% | 97% | 147% | -53% | 141% | 115% | 50% | 94% |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| 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 | 43 | 50 | 38 | 35 | 46 | 48 | 59 | 49 | 24 | 28 | 26 | 30 |
| Inventory Days | 119 | 80 | 93 | 93 | 99 | 119 | 133 | 131 | 115 | 108 | 108 | 122 |
| Days Payable | 113 | 82 | 51 | 48 | 76 | 82 | 117 | 106 | 88 | 105 | 86 | 97 |
| Cash Conversion Cycle | 49 | 48 | 80 | 79 | 69 | 85 | 76 | 74 | 52 | 32 | 49 | 55 |
| Working Capital Days | 5 | 6 | 5 | 5 | 16 | 17 | 29 | 25 | 5 | 3 | 6 | 6 |
| ROCE % | 6% | 12% | 13% | 10% | 14% | 10% | 5% | 12% | 19% | 21% | 22% | 19% |
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 |
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| Total Pieces Shipped (Annual) Million Pieces |
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| Installed Capacity - Geographical Breakdown Million Pieces |
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| Revenue Realization per Piece Inr |
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Extracted by Screener AI
Documents
Announcements
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Compliances-Reg.24(A)-Annual Secretarial Compliance
26 May - Filed annual secretarial compliance report for FY2025-26; no current non-compliances reported.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
20 May - Submitted May 20, 2026 transcript of May 15 Q4/FY26 earnings call; revenue ₹5,025 crore, PAT ₹270 crore.
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Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS
18 May - Intimation of Allotment of 24,500 Equity Shares under ESOP Scheme-2022
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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.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
15 May - Q4 and FY26 earnings call recording uploaded; transcript to follow.
Annual reports
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Financial Year 2025
from bse
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Financial Year 2024
from bse
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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
from bse
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Financial Year 2018
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Financial Year 2017
from bse
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Financial Year 2016
from bse
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Financial Year 2015
from bse
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Financial Year 2014
from bse
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Financial Year 2013
from bse
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Financial Year 2011
from nse
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Financial Year 2011
from bse
Concalls
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May 2026Transcript PPT
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Feb 2026Transcript PPT REC
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Nov 2025Transcript PPT
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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 2024TranscriptAI SummaryPPT
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Mar 2024Transcript PPT
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Feb 2024Transcript PPT
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Feb 2024TranscriptAI SummaryPPT
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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 2022TranscriptAI SummaryPPT
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Nov 2019TranscriptAI SummaryPPT
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Nov 2016TranscriptAI SummaryPPT
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Sep 2016TranscriptAI SummaryPPT
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Aug 2016TranscriptAI SummaryPPT
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May 2016TranscriptAI SummaryPPT
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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.