Pearl Global Industries Ltd.

•

pearlglobal.comBSE: 532808NSE: PGIL

Market Cap₹ 11,000 Cr.

Current Price

High / Low₹ 1,270 / 600

Stock P/E35.4

Book Value₹ 337

Price to Book4.30

Dividend Yield0.61 %

ROCE22.4 %

ROE20.8 %

Face Value₹ 5

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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 GENERATED

Textiles

Hold

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.

Confidence

50%

View full sector analysis →

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
Valuation is stretched - P/E of 35.4 is well above its own 5-year median (13.5)
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

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

TextilesTextileTextile

Part ofNIFTY MICROCAP250 NIFTY TOTAL MKT

S.No.	Name
1.	PAGEIND	35350.00	52.17	39428.94	1.56	192.81	-3.98	1420.45	7.89	73.60	20.35
2.	KPRMILL	1109.40	41.56	37920.85	0.45	258.54	21.55	1935.52	14.77	20.16	19.37
3.	WELSPUNLIV	207.80	70.72	19631.96	0.05	162.61	82.09	2795.45	23.66	6.41	11.53
4.	VTL	567.35	19.38	16429.14	0.88	314.56	51.46	2703.08	13.31	8.91	18.11
5.	ARVIND	575.25	37.79	15649.14	0.78	57.77	5.61	2500.96	24.65	15.30	9.64
6.	MANYAVAR	582.75	35.14	14159.56	1.33	66.90	37.31	267.95	22.74	29.45	45.53
7.	PGIL	1190.75	35.45	11000.28	0.61	992.34	51.37	15282.61	24.46	22.42	10.72
8.	SWANCORP	296.30	41.54	9287.73	0.05	-35.99	-233.33	1013.75	-16.44	4.50	-0.38
9.	ICIL	443.05	58.16	8774.80	0.34	63.22	67.28	1206.96	25.89	8.73	11.88
10.	GARFIBRES	797.15	37.06	7784.04	1.13	64.60	21.56	482.37	31.35	20.98	18.70
11.	KUSUMGAR	567.35	60.66	5956.69	0.00	426.47	—	2472.47	—	26.15	30.50
12.	GOKEX	785.80	55.93	5758.16	0.00	44.30	6.81	1153.51	20.69	9.10	9.75

Detailed Comparison with:

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
	8,942	9,606	7,040	8,774	10,528	12,019	10,225	12,290	12,279	13,129	11,702	13,136	15,283
	8,441	9,223	6,723	8,372	9,947	11,479	9,748	11,597	11,626	12,417	11,187	12,282	14,167
Operating Profit	501	383	317	402	581	541	478	693	653	712	515	854	1,116
OPM %	5.61%	3.98%	4.51%	4.58%	5.52%	4.50%	4.67%	5.64%	5.32%	5.42%	4.40%	6.50%	7.30%
	75	74	27	155	40	169	59	22	116	81	79	107	134
Interest	198	237	174	224	231	246	242	273	274	274	221	263	266
Depreciation	135	156	162	189	171	181	194	207	197	224	224	228	257
Profit before Tax	575	455	346	544	732	626	537	778	763	794	586	950	1,196
Tax %	17.68%	14.44%	2.23%	9.96%	15.43%	11.15%	10.18%	16.48%	14.11%	9.33%	12.02%	14.80%	17.00%
Net Profit	474	390	338	490	619	556	482	650	656	720	515	810	992
	22.18	18.32	16.49	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	53,249
	1,465	1,459	1,657	1,608	1,424	2,558	2,886	3,112	4,092	4,541	50,053
Operating Profit	73	37	100	77	67	155	272	324	415	483	3,196
OPM %	4.74%	2.48%	5.70%	4.60%	4.48%	5.72%	8.63%	9.44%	9.20%	9.62%	6.00%
	30	56	51	48	36	40	36	32	40	36	402
Interest	35	38	43	53	47	61	82	100	112	123	1,024
Depreciation	19	23	26	42	44	48	51	64	75	87	932
Profit before Tax	49	32	83	31	11	86	176	192	267	309	3,525
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	3,037
EPS	18.75	11.12	31.06	9.95	7.97	31.46	68.90	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:: 72%
1 Year:: 75%

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

Shareholding Pattern

Numbers in percentages

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	66.17	62.91	62.82	62.81	62.78	62.75	61.24	61.16	61.11
	5.39	4.57	5.20	7.39	6.80	6.50	6.27	6.48	6.82
	0.61	9.31	11.24	11.56	12.77	14.02	16.77	18.80	19.16
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	27.83	23.21	20.75	18.24	17.65	16.73	15.72	13.55	12.91

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-09-08

Copy of Newspaper Publication

2026-09-08 - Pearl Global Industries Limited has informed the Exchange about Copy of Newspaper Publication

2026-09-07

Record Date

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

Shareholders meeting

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

Analysts/Institutional Investor Meet/Con. Call Updates

2026-09-03 - Pearl Global Industries Limited has informed the Exchange about Schedule of meet

2026-08-21

Updates

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

Analysts/Institutional Investor Meet/Con. Call Updates

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

Copy of Newspaper Publication

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

Analysts/Institutional Investor Meet/Con. Call Updates

2026-08-06 - Pearl Global Industries Limited has informed the Exchange about Link of Recording

2026-08-06

Shareholders meeting

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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