Pearl Global Industries Ltd

About [ edit ]

Pearl Global Industries Ltd. incorporated in 1987. # 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. #

Key Points [ edit ]
  • Market Cap 476 Cr.
  • Current Price 218
  • High / Low 245 / 96.0
  • Stock P/E 55.6
  • Book Value 239
  • Dividend Yield 0.00 %
  • ROCE 4.25 %
  • ROE 1.68 %
  • Face Value 10.0

Pros

  • Stock is trading at 0.91 times its book value

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 1.36% over past five years.
  • Company has a low return on equity of 7.05% for last 3 years.
  • Earnings include an other income of Rs.36.16 Cr.
  • Dividend payout has been low at 3.22% of profits over last 3 years
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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
406 455 394 503 381 436 350 518 155 451 360 525
387 446 355 481 365 419 331 503 166 420 350 494
Operating Profit 19 10 39 21 16 17 19 15 -11 31 10 31
OPM % 5% 2% 10% 4% 4% 4% 5% 3% -7% 7% 3% 6%
Other Income 9 10 0 32 15 12 10 12 4 5 19 8
Interest 7 7 7 10 9 10 10 13 9 10 11 11
Depreciation 7 7 6 6 10 10 10 12 11 11 11 11
Profit before tax 14 5 26 37 12 9 8 2 -27 14 7 17
Tax % 4% 46% 43% 4% 17% 14% 35% 151% 8% -5% -64% 7%
Net Profit 14 3 15 36 9 7 5 -0 -23 14 11 15
EPS in Rs 6.38 1.34 6.89 16.55 4.36 3.25 2.41 -0.08 -10.63 6.63 4.99 6.98

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
1,813 2,251 2,798 3,820 4,699 1,024 1,393 1,538 1,496 1,758 1,685 1,491
1,808 2,211 2,712 3,728 4,640 974 1,334 1,465 1,459 1,657 1,605 1,430
Operating Profit 5 40 87 92 59 50 60 73 37 100 80 61
OPM % 0% 2% 3% 2% 1% 5% 4% 5% 2% 6% 5% 4%
Other Income 64 47 15 17 61 24 25 30 56 51 46 36
Interest 32 43 30 34 40 23 21 35 38 43 53 41
Depreciation 21 23 25 27 29 16 17 19 23 26 42 44
Profit before tax 16 22 47 49 51 34 47 49 32 83 31 11
Tax % 12% -6% 17% 38% 13% 29% 23% 15% 29% 19% 30% -54%
Net Profit 9 20 31 24 39 25 37 41 24 67 22 17
EPS in Rs 4.53 10.04 14.54 10.98 17.84 11.57 16.92 18.75 11.12 31.06 9.95 7.97
Dividend Payout % -0% -0% -0% 9% 11% 19% 18% 16% 18% 10% -0% -0%
Compounded Sales Growth
10 Years:-4%
5 Years:1%
3 Years:-0%
TTM:-12%
Compounded Profit Growth
10 Years:-9%
5 Years:-25%
3 Years:-29%
TTM:-65%
Stock Price CAGR
10 Years:14%
5 Years:0%
3 Years:19%
1 Year:107%
Return on Equity
10 Years:7%
5 Years:8%
3 Years:7%
Last Year:2%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
20 20 22 22 22 22 22 22 22 22 22 22
Reserves 435 452 526 592 648 296 323 359 373 448 479 496
Borrowings 252 443 452 506 605 167 217 253 315 333 463 398
315 304 376 610 635 250 264 282 226 298 288 378
Total Liabilities 1,022 1,219 1,376 1,730 1,910 734 825 916 937 1,100 1,252 1,294
237 311 322 328 372 213 210 256 274 338 422 390
CWIP 26 5 11 3 15 3 11 16 8 8 36 47
Investments 5 8 10 26 42 11 19 13 37 33 38 55
754 895 1,033 1,373 1,481 507 585 630 617 722 756 802
Total Assets 1,022 1,219 1,376 1,730 1,910 734 825 916 937 1,100 1,252 1,294

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
-38 -66 0 -5 84 32 25 15 33 75 64 95
37 -55 -21 -34 -82 -55 -22 -49 -58 -59 -85 -26
43 160 -9 40 69 2 24 11 31 -14 15 -62
Net Cash Flow 42 39 -30 1 71 -20 27 -23 6 2 -6 7

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
ROCE % 5% 8% 8% 9% 8% 7% 13% 14% 10% 14% 10% 4%
Debtor Days 66 2 66 73 52 43 50 38 35 46 48 59
Inventory Turnover 8.55 8.01 8.62 11.12 12.96 2.36 4.65 4.45 3.98 4.02 3.32 2.83

Shareholding Pattern

Numbers in percentages

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
66.58 66.58 66.58 66.58 66.58 66.58 66.58 66.58 66.58 66.58 66.58 66.58
6.01 6.01 6.01 6.01 6.19 6.38 6.39 6.39 6.39 6.39 6.39 6.39
2.36 2.35 2.33 2.58 2.57 2.41 2.34 2.27 2.27 2.27 2.27 2.23
25.05 25.06 25.07 24.83 24.65 24.63 24.69 24.76 24.76 24.76 24.76 24.79

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