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Pearl Global Industries Ltd (PGIL)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 532808 NSE: PGIL Textile | Small Cap | Pearl Global Inds. Share Price

₹1,679.25 44.35 (2.71%)

As on 04-Jun'26 16:59

Pearl Global Industries Ltd (PGIL)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 532808 NSE: PGIL Textile | Small Cap | Pearl Global Inds. Share Price

₹1,679.25 44.35 (2.71%)

As on 04-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹7,755 Cr.
Current Price
₹1,679.3
52-Week Low / High
₹1,180 / 1,993
TTM EPS
₹14.9
TTM Sales
₹1,081 Cr.
Book Value per Share
₹126
P/E Ratio
112.69
Higher than its 5-year historical median
Industry PE
36.6
Price to Book (P/B)
13.32
Higher than its 5-year historical median
Price to Sales (P/S)
7.17
Higher than its 5-year historical median
EV/EBITDA
55.41
Higher than its 5-year historical median
Dividend Yield
0.87%
Profitability Efficiency
Return on Equity (ROE)
12.02%
Outperforms industry median
Return on Capital Employed (ROCE)
13.58%
Outperforms industry median
Return on Assets (ROA)
5.50%
Operating Profit Margin
5.2%
Net Profit Margin
4.59%
Gross Profit Margin
7%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
25.43%
Operating Profit Growth (1 Year)
Improving versus 3-year growth rate
35.21%
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
94.41%
Asset Quality
Promoter Holding
61.16%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹559 Cr.
Equity
₹23.1 Cr.
Face Value
₹5
All Time Low / High
₹18.00 / 1993.30

Pearl Global Industries stock performance

Key Ratios
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Check Before You Invest

Quality

Somewhat Good

Valuation

Overvalued

Price Trend

Strong
Q.1 Is Pearl Global Industries Ltd a good quality company?
Pearl Global Industries Ltd is a average quality company, based on a somewhat consistent multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Pearl Global Industries Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Pearl Global Industries Ltd vs industry peers?
Pearl Global Industries Ltd revenue CAGR is 7.70%, compared to the industry median CAGR of 0%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of Pearl Global Industries Ltd?
Promoters hold 61.16% of the Pearl Global Industries Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Pearl Global Industries Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 29.9% based on the current price.

10 Year X-Ray :

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Pearl Global Industries Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 9.3%8.9%6.4%11%7.4%3.1%11.5%16%10.5%13.6%-
Value Creation
Index
-0.3-0.4-0.5-0.2-0.5-0.8-0.20.1-0.30.0-

Growth Parameters

Sales 7688587118408257719341,1049541,1961,081
Sales YoY Gr.-11.7%-17.2%18.2%-1.8%-6.5%21.1%18.2%-13.6%25.4%-
Adj EPS 1.1-0.4-4.13.1-1.3-2.93.911.55.31014.9
YoY Gr.--131.6%NANA-140.6%NANA195.4%-54%90.3%-
BVPS (₹) 65.270.268.97370.672.479.387.383.8119.4126
Adj Net
Profit
4.9-1.6-17.813.5-5.5-12.716.849.72346.169
Cash Flow from Ops. 32.54.4-33.126.711.841.3-23.390.862.343.4-
Debt/CF from Ops. 4.441.1-77.618.85.2-11.12.33.76-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 5%7.7%8.6%25.4%
Adj EPS 27.3%NA37.2%90.3%
BVPS7%11.1%14.6%42.5%
Share Price 30.7% 72.3% 84.2% 19.6%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
1.7-0.5-5.94.4-1.8-4.15.113.76.19.912.1
Op. Profit
Mgn %
2.20.7-0.15.13.2-0.14.77.14.85.25.9
Net Profit
Mgn %
0.6-0.2-2.51.6-0.7-1.61.84.52.43.96.4
Debt to
Equity
0.50.60.80.60.70.70.80.60.60.50
Working Cap
Days
128122159140150170168137144133100
Cash Conv.
Cycle
3736585562655039403634

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales7688587118408257719341,1049541,196
Operating Expenses + 7518527227998037738901,0319081,134
Manufacturing Costs159199165167174145242209183230
Material Costs454459349417400473428542415537
Employee Cost 80113120132150108152198240280
Other Costs 59818883794767827087
Operating Profit 176-114122-244734662
Operating Profit Margin (%) 2.2%0.7%-1.5%4.9%2.7%-0.3%4.7%6.6%4.8%5.2%
Other Income + 33454826332432304257
Exceptional Items -1083113711-15
Interest 20232626282629343234
Depreciation 10111313181818192427
Profit Before Tax 191873211-936623063
Tax 514106-109828
Profit After Tax 13173225127542855
PAT Margin (%) 1.7%2.0%0.4%2.6%0.6%0.1%2.9%4.9%3.0%4.6%
Adjusted EPS (₹)3.13.90.65.01.20.26.312.46.512.0
Dividend Payout Ratio (%)48.80%38.20%162.70%30.20%0%0%39.90%30.20%135.10%96.20%

Valuation of Pearl Global Inds. - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 288304299316306314343378365549
Share Capital 22222222222222222223
Reserves 267283277295284292322357343526
Debt +137175222194206195234182202237
Long Term Debt15233932548283585834
Short Term Debt123151183162153113151125144203
Minority Interest0000000000
Trade Payables921357110591162179126160164
Others Liabilities 75887791123115124119137183
Total Liabilities 5937016687067277868808058651,132

Fixed Assets

Net Fixed Assets +168133127133159158147160187209
Gross Block247143148165207223224253302335
Accumulated Depreciation7910213248657793115126
CWIP 43122007141
Investments 107129138119126127132132125164
Inventories108145120135148133222136151170
Trade Receivables65898711197145116110126143
Cash Equivalents 564325373057658985220
Others Assets 86160171169165166200171176225
Total Assets 5937016687067277868808058651,132

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 324-33271241-23916243
PBT 191873211-936623063
Adjustment 11272134423013523
Changes in Working Capital 17-11-57-16-2322-78461-32
Tax Paid -4-3-2-7-9-1-4-7-6-5
Cash Flow From Investing Activity + -20-38723-3215737-12-28
Capex -15-522-1-430-126-48-4
Net Investments -4010777-2-80162
Others 354-316416151220-26
Cash Flow From Financing Activity + -12324-4819-3114-104-56115
Net Proceeds from Shares 000000004150
Net Proceeds from Borrowing 41017-728321-261-24
Interest Paid -13-16-19-16-24-24-27-27-26-27
Dividend Paid -10-1-6-4-600-16-49-23
Others 192932-2021-3939-351438
Net Cash Flow 12-11-22-225-324-6130

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)4.725.80.8871.610.258.2614.917.612.02
ROCE (%)9.258.916.4210.987.443.1411.5216.0210.5413.58
Asset Turnover Ratio1.341.331.041.221.151.021.121.321.151.21
PAT to CFO Conversion(x)2.460.24-111.232.441-0.851.692.210.78
Working Capital Days
Receivable Days27.8032.6045.3043.2046.1057.40513745.1040.80
Inventory Days52.7053.8068.1055.4062.6066.3069.3058.4054.5048.60
Payable Days67.9090.40107.8077.1089.7097.60145.20102.60125.90110

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Pearl Global Industries Ltd FAQs

The current trading price of Pearl Global Inds. on 04-Jun-2026 16:59 is ₹1,679.3.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 03-Jun-2026 the market cap of Pearl Global Inds. stood at ₹7,755.5 Cr

The latest P/E ratio of Pearl Global Inds. as of 03-Jun-2026 is 112.7.

The latest P/B ratio of Pearl Global Inds. as of 03-Jun-2026 is 13.32.

The 52-week high of Pearl Global Inds. is ₹1,993.3 and the 52-week low is ₹1,180.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Pearl Global Inds. is ₹1,081 ( Cr.) .

Past 10 year's financial track record analysis by Moneyworks4me indicates that Pearl Global Industries Ltd is a average quality company.

The key valuation ratios of Pearl Global Industries Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of Pearl Global Industries Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing

About Pearl Global Industries Ltd

Pearl Global Industries (Pearl Global) was founded in 1987 by Deepak Kumar Seth. Since then, it has grown into a prominent global apparel multinational company. The company specialises in elevating everyday experiences with its range of stylish and trendy apparel. The company’s commitment towards sustainable practices is deeply ingrained in its core values as it strives to develop apparel that cater to all age groups, genders, and fashion sensibilities.

With a presence spanning across three continents, the company has emerged as a leading apparel company, through superior design and sustainable practices. The company embraces the ever-evolving world of fashion with a strong emphasis on teamwork, trust, and a steadfast focus on systems. The company’s journey is not just about expanding geographically; it is about strengthening bonds across borders.

Business area of the company

The company is engaged into the business of manufacturing, sourcing and trading of ready to wear apparels in India and overseas, through its overseas subsidiaries.

Clothing categories

  • Knits
  • Wovens
  • Denim
  • Outerwear
  • Sleepwear & Lounge
  • Childrenswear
  • Activewear & Athleisure

Awards

  • 2006-07: Highest Exports In Woven Garments To Pearl Global
  • 2007-08: Highest Exports In Woven Garments To Pearl Global
  • 2008-09: Highest Exports By Young Entrepreneur-first Position To Mr. Pulkit Seth, Vice Chairman, Pearl Global
  • 2009-10: Highest Exports By Young Entrepreneur- 1st Position To Mr. Pulkit Seth, Vice Chairman, Pearl Global
  • 2009-10: Highest Exports In Woven Garments- 1st Position To Pearl Global
  • 2010-11: Highest Exports- Woven Garments-Winner - To Pearl Global
  • 2011-12: Highest Exports- Woven Garments - Winner - To Pearl Global
  • 2012-13: Highest Exports By Young Entrepreneur - Winner-To Mr. Pulkit Seth, Vice Chairman, Pearl Global
  • 2015-16: Highest Global Exports (Above Rs 100 crore And Upto Rs 500 crore)- 1st Position
  • 2020-21: AsiaOne Most Influential Young Leaders - Pulkit Seth
  • 2022-23: Pearl Global is recognized as one of the best organisations for Women 2022 Powered by Femina
  • 2022-23: Influential Leader of India 2023 by Marksmen Daily in association with ET Now - Mr. Pulkit Seth
  • 2022-23: Digital Transformation in Manufacturing Award at the Manufacturing 5.0 Summit & Awards 2023
  • 2022-23: Diversity and Inclusion award by Apparel Resource at the Sustainable NXT Conference and Awards.
  • 2021-22 & 2022-23: Highest Exports in Woven Garments 2021-22 & 2022-23 by AEPC EXCELLENCE HONOURS Awards - To Pearl Global
  • 2024: Best Use of Technology to Enhance Manufacturing Operations (Apparel and Fashion Manufacturing).
  • 2025: Best Organisations to Work for in 2025 by ET Now
  • 2025: Best Predictive Maintenance Implementation Team Garment Manufacturing' at OT Nexus 2025, New Delhi!
  • 2025: Awarded as 2025 Kohl's Vendor of the Year!
  • 2025: Excellence in Digitalization & Automation' award at the 5th Edition of the Future of Manufacturing Summit & Awards 2025.

Milestones

  • 1987: Commenced commercial operations (by erstwhile Pearl Global Limited)
  • 1998: Established presence in Hong Kong
  • 2002: Started operations in Indonesia
  • 2004: Built import and distribution in the US and the UK
  • 2004: Commenced Norp 1 operations in Bangladesh
  • 2007: Listed at NSE and BSE
  • 2011: Expanded Bangladesh operations with Norp 2
  • 2014: Commenced Operations in Bengaluru
  • 2014: Demerger of the sourcing, marketing and distribution business
  • 2016: Commenced operations of Pearl 1, in Chennai
  • 2017: Commenced operations in Vietnam
  • 2020: Commenced operations of Prudent Fashions in Bangladesh
  • 2021: Inaugurated own corporate office of PT Pinnacle Apparels in Indonesia
  • 2021: Acquired land for acquisition of PT Pinnacle Apparels’ operations in Indonesia
  • 2022: Acquired Alpha Clothing Limited in Bangladesh
  • 2023: Expanded capacity by building a new facility on owned land in Indonesia
  • 2023: Expanded operations in Guatemala
  • 2024: Expanded presence through new facilities in India and Bangladesh
  • 2025: Incorporated subsidiary in Bangladesh

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