Pearl Global Industries Ltd.
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ABOUT
KEY POINTS
Revenue Breakup Mar 2017 • Manufacturing: 64.9% • Marketing Distribution, Sourcing and Trading: 34.0% • Branding & Retailing: 1.1%
AI Sector View
AI GENERATEDTextiles
This sector relies on indirect export proxies rather than direct textile production data. Exports of goods rose 15.0% YoY (2026-06), the currency is weak at 95.23 (Sep/26), and export prices are 163.50, all of which can help exporters, though terms of trade at 102.30 are below the prior 114 in the snapshot context. FPI flows are modestly positive at INR 256 crore over 3 months to 2026-08-31, so the stance is mildly constructive but confidence is capped due to proxy reliance.
PROS
- Company has delivered good profit growth of 72.9% CAGR over last 5 years
- Company has a healthy return on capital (ROCE) of 24.1%
- Company has a good return on equity (ROE) track record: 3 Years ROE 22.3%
- Company has consistently been profitable over the last 5 years
- Latest quarter profit grew 51.4% YoY, showing strong momentum
- Company has delivered good sales growth of 27.5% CAGR over last 5 years
CONS
- Promoter holding has decreased over last 2 years: -5.1pp
- Contingent liabilities are large at 54.7% of net worth
- Recurring exceptional / one-off items are inflating headline profit
- Effective tax rate is unusually low at 12.7% - earnings may be flattered
- Valuation is stretched - P/E of 33.9 is well above its own 5-year median (22.6)
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
| Name | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| PAGEIND | 35260.05 | 52.03 | 39328.62 | 1.56 | 192.81 | -3.98 | 1420.45 | 7.89 | 73.60 | 20.35 |
| KPRMILL | 1140.10 | 42.71 | 38970.21 | 0.44 | 258.54 | 21.55 | 1935.52 | 14.77 | 20.16 | 19.37 |
| WELSPUNLIV | 210.60 | 71.67 | 19896.49 | 0.05 | 162.61 | 82.09 | 2795.45 | 23.66 | 6.41 | 11.53 |
| VTL | 583.00 | 19.91 | 16882.33 | 0.86 | 314.56 | 51.46 | 2703.08 | 13.31 | 8.91 | 18.11 |
| ARVIND | 571.85 | 37.56 | 15556.64 | 0.79 | 57.77 | 5.61 | 2500.96 | 24.65 | 15.30 | 9.64 |
| MANYAVAR | 581.80 | 35.09 | 14136.47 | 1.33 | 66.90 | 37.31 | 267.95 | 22.74 | 29.45 | 45.53 |
| PGIL | 2279.00 | 33.92 | 10526.82 | 0.64 | 99.23 | 51.37 | 1528.26 | 24.46 | 22.42 | 10.72 |
| ICIL | 445.05 | 58.42 | 8814.41 | 0.34 | 63.22 | 67.28 | 1206.96 | 25.89 | 8.73 | 11.88 |
| SWANCORP | 277.65 | 38.93 | 8703.13 | 0.05 | -35.99 | -233.33 | 1013.75 | -16.44 | 4.50 | -0.38 |
| GARFIBRES | 815.65 | 37.92 | 7964.69 | 1.10 | 64.60 | 21.56 | 482.37 | 31.35 | 20.98 | 18.70 |
| KUSUMGAR | 564.55 | 60.36 | 5927.29 | 0.00 | 426.47 | — | 2472.47 | — | 26.15 | 30.50 |
| GOKEX | 784.15 | 55.81 | 5746.07 | 0.00 | 44.30 | 6.81 | 1153.51 | 20.69 | 9.10 | 9.75 |
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 894 | 961 | 704 | 877 | 1,053 | 1,202 | 1,023 | 1,229 | 1,228 | 1,313 | 1,170 | 1,314 | 1,528 | |
| 811 | 883 | 639 | 796 | 954 | 1,105 | 931 | 1,112 | 1,116 | 1,192 | 1,074 | 1,179 | 1,417 | |
| Operating Profit | 83 | 77 | 65 | 81 | 98 | 97 | 91 | 117 | 112 | 121 | 96 | 135 | 112 |
| OPM % | 9.33% | 8.06% | 9.29% | 9.29% | 9.34% | 8.05% | 8.93% | 9.54% | 9.16% | 9.22% | 8.20% | 10.24% | 7.30% |
| 7 | 7 | 3 | 14 | 15 | 9 | 6 | 8 | 11 | 8 | 7 | 10 | 13 | |
| Interest | 20 | 24 | 17 | 22 | 23 | 25 | 24 | 27 | 27 | 27 | 22 | 26 | 27 |
| Depreciation | 14 | 16 | 16 | 19 | 17 | 18 | 19 | 21 | 20 | 22 | 22 | 23 | 26 |
| Profit before Tax | 58 | 46 | 35 | 54 | 73 | 63 | 54 | 78 | 76 | 79 | 59 | 95 | 120 |
| Tax % | 17.68% | 14.43% | 2.23% | 9.96% | 15.43% | 11.15% | 10.19% | 16.48% | 14.11% | 9.32% | 12.02% | 14.79% | 17.00% |
| Net Profit | 0 | 0 | 0 | 0 | 62 | 56 | 48 | 65 | 66 | 72 | 52 | 81 | 99 |
| 11.09 | 9.16 | 8.25 | 11.82 | 14.99 | 12.90 | 12.52 | 15.10 | 14.76 | 15.95 | 11.57 | 18.05 | 21.77 |
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1,538 | 1,496 | 1,757 | 1,685 | 1,491 | 2,714 | 3,158 | 3,436 | 4,506 | 5,025 | 5,325 | |
| 1,465 | 1,459 | 1,657 | 1,608 | 1,424 | 2,558 | 2,886 | 3,112 | 4,092 | 4,541 | 4,862 | |
| Operating Profit | 73 | 37 | 100 | 77 | 67 | 155 | 272 | 324 | 415 | 483 | 463 |
| OPM % | 4.74% | 2.48% | 5.70% | 4.60% | 4.48% | 5.72% | 8.63% | 9.44% | 9.20% | 9.62% | 8.70% |
| 30 | 56 | 51 | 48 | 36 | 40 | 36 | 32 | 40 | 36 | 38 | |
| Interest | 35 | 38 | 43 | 53 | 47 | 61 | 82 | 100 | 112 | 123 | 102 |
| Depreciation | 19 | 23 | 26 | 42 | 44 | 48 | 51 | 64 | 75 | 87 | 93 |
| Profit before Tax | 49 | 32 | 83 | 31 | 11 | 86 | 176 | 192 | 267 | 309 | 353 |
| Tax % | 14.67% | 28.75% | 19.09% | 30.43% | -53.96% | 18.31% | 13.00% | 11.94% | 13.68% | 12.70% | 13.85% |
| Net Profit | 42 | 23 | 67 | 22 | 17 | 70 | 153 | 169 | 231 | 270 | 304 |
| EPS | 18.75 | 11.12 | 31.06 | 9.95 | 7.97 | 31.46 | 34.40 | 40.11 | 54.06 | 60.17 | — |
| Dividend Payout % | 16.00% | 17.99% | 9.66% | 0.00% | 0.00% | 15.90% | 10.89% | 21.81% | 21.27% | 24.10% | — |
COMPOUNDED SALES GROWTH
- 10 Years:
- 14%
- 5 Years:
- 28%
- 3 Years:
- 17%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- 22%
- 5 Years:
- 74%
- 3 Years:
- 23%
STOCK PRICE CAGR
- 10 Years:
- 38%
- 5 Years:
- 72%
- 3 Years:
- 70%
- 1 Year:
- 70%
RETURN ON EQUITY
- 10 Years:
- 14%
- 5 Years:
- 21%
- 3 Years:
- 22%
- Last Year:
- 21%
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| 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 | 23 | 23 |
| Minority Interest | 11 | 10 | 12 | 13 | 13 | 16 | 20 | 15 | -9 | -22 |
| 359 | 373 | 448 | 479 | 496 | 577 | 698 | 771 | 1,120 | 1,433 | |
| 301 | 353 | 370 | 487 | 465 | 668 | 551 | 545 | 724 | 900 | |
| Trade Payables | 118 | 109 | 181 | 181 | 247 | 439 | 392 | 486 | 557 | 698 |
| 118 | 83 | 89 | 90 | 63 | 83 | 145 | 187 | 228 | 266 | |
| Total Liabilities | 927 | 950 | 1,121 | 1,271 | 1,305 | 1,805 | 1,828 | 2,028 | 2,642 | 3,297 |
| 180 | 199 | 264 | 348 | 330 | 389 | 443 | 555 | 671 | 763 | |
| Capital Work in Progress | 16 | 8 | 8 | 36 | 47 | 15 | 33 | 35 | 44 | 110 |
| 13 | 37 | 33 | 38 | 55 | 55 | 60 | 30 | 24 | 36 | |
| 216 | 210 | 236 | 264 | 279 | 540 | 513 | 503 | 705 | 882 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 265 | 324 | 407 | |
| Cash & Bank | 106 | 97 | 111 | 110 | 117 | 150 | 294 | 367 | 566 | 747 |
| 396 | 399 | 469 | 476 | 477 | 657 | 484 | 273 | 307 | 351 | |
| Total Assets | 927 | 950 | 1,121 | 1,271 | 1,305 | 1,805 | 1,828 | 2,028 | 2,642 | 3,297 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 21 | 47 | 121 | 80 | 111 | -77 | 401 | 351 | 180 | 397 | |
| Cash from Investing | -49 | -58 | -59 | -85 | -26 | -40 | -26 | -128 | -104 | -158 |
| Cash from Financing | 11 | 31 | -14 | 15 | -62 | 153 | -200 | -152 | 101 | -46 |
| -23 | 6 | 2 | -6 | 7 | 22 | 139 | 72 | 174 | 194 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
Documents
Corporate disclosures, annual reports, credit ratings, and concall transcripts
2026-09-08 - Pearl Global Industries Limited has informed the Exchange about Copy of Newspaper Publication
2026-09-07 - Pearl Global Industries Limited has informed the Exchange that Record date for the purpose of Bonus is 11-Sep-2026.
2026-09-07 - Pearl Global Industries Limited has submitted the Exchange a copy Srutinizers report of Postal Ballot. Further, the company has informed the Exchange regarding voting results.
2026-09-03 - Pearl Global Industries Limited has informed the Exchange about Schedule of meet
2026-08-21 - Pearl Global Industries Limited has informed the Exchange regarding Grant of ESOPs under Pearl Global Industries Limited Employee Stock Option Scheme 2022.
2026-08-13 - Pearl Global Industries Limited has informed the Exchange about Transcript of the Earnings Conference Call with Investors/ Analysts held on August 06, 2026.
2026-08-07 - Pearl Global Industries Limited has informed the Exchange about Copy of Newspaper Publication on completion of dispatch of Postal Ballot Notice.
2026-08-06 - Pearl Global Industries Limited has informed the Exchange about Link of Recording
2026-08-06 - Pearl Global Industries Limited has informed the Exchange regarding Notice of Postal Ballot dated August 05, 2026.
News
Recent coverage and analyst commentary for PGIL
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