Pearl Global Industries Ltd
Pearl Global Industries Ltd
TextilesKey Fundamentals
MicrocapTextiles & ApparelsTextilesInsights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
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55 extracted metrics + investor summaries across FY14–FY27.
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Technical Indicators
Key Insights
Strengths
2- Company has delivered good profit growth of 101% CAGR over last 5 years
- Company has been maintaining a healthy dividend payout of 29.7%
Weaknesses
3- Stock is trading at 7.52 times its book value
- Tax rate seems low
- Promoter holding has decreased over last 3 years: -5.47%
Growth Rate
AI Analysis — Bull vs Bear
Pearl Global Industries Ltd is a textile and apparel exporter with a market cap of Rs 9,499 Cr, trading at a PE of 34.7x. The company has delivered exceptional profit CAGR of 101% over 5 years with consistent ROE of 21-22% over the last 3 years, though promoter holding has declined by 5.47% over the past three years.
- Exceptional 5-year compounded profit growth of 101% CAGR demonstrates strong earnings scalability
- Consistent ROE of 21-22% over the last 3 years indicates efficient capital allocation and high-quality earnings
- 10-year ROE of 16% improving to 21% recently shows structural improvement in profitability
- 5-year compounded sales growth of 28% reflects robust revenue expansion and market share gains in apparel exports
- Healthy dividend payout of 29.7% signals management confidence in sustaining cash flows while rewarding shareholders
- TTM sales growth of 12% and TTM profit growth of 15% indicate continued positive momentum despite a higher base
- Stock CAGR of 62% over 5 years and 85% over 3 years reflects sustained market re-rating of the business
- 3-year compounded sales growth of 17% alongside 25% profit growth shows improving operating leverage
- PE of 34.7x is elevated for a textiles company, leaving limited margin of safety if growth decelerates
- Promoter holding has decreased by 5.47% over the last 3 years, raising questions about insider confidence
- Price-to-book ratio of 6.42x is significantly above textile sector averages, implying rich valuation
- Tax rate appears low which may not be sustainable; normalization could compress net margins
- TTM sales growth has slowed to 12% from the 5-year CAGR of 28%, indicating potential growth deceleration
- Textiles sector is inherently cyclical and exposed to global demand slowdowns, currency fluctuations, and trade policy shifts
- 10-year compounded sales growth of only 14% suggests the recent acceleration may not represent a permanent structural shift
- Dividend yield of 0.71% provides minimal income cushion relative to the elevated valuation multiples
This is AI-generated analysis, not financial advice. Do your own due diligence.
AI News Digest
- Q1FY27 earnings call Aug 6 Aug 1
Pearl Global scheduled an earnings call for August 6, 2026, with MD Pallab Banerjee and Group CFO Sanjay Gandhi to review Q1FY27 results.
- 37th AGM approvals completed Jul 20
Shareholders approved financial statements and director appointments at the 37th AGM held on July 20, 2026.
- No promoter share encumbrance FY26 Jul 7
Promoters declared zero encumbrance of shares for FY26, filed with BSE and NSE on April 7, 2026.
TL;DR: Recent news flow for Pearl Global is purely procedural with no material positive or negative catalysts. The company maintains clean promoter holdings with no share encumbrance. Investors should watch the August 6 earnings call for Q1FY27 performance signals and forward guidance on order book and margin trajectory.
Quarterly Results
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 894 | 961 | 704 | 877 | 1,053 | 1,202 | 1,023 | 1,229 | 1,228 | 1,313 | 1,170 | 1,314 | 1,528 |
| Expenses | 811 | 883 | 639 | 796 | 954 | 1,105 | 931 | 1,112 | 1,116 | 1,192 | 1,074 | 1,179 | 1,364 |
| Operating Profit | 83 | 77 | 65 | 81 | 98 | 97 | 91 | 117 | 112 | 121 | 96 | 134 | 164 |
| OPM % | 9% | 8% | 9% | 9% | 9% | 8% | 9% | 10% | 9% | 9% | 8% | 10% | 11% |
| Other Income | 7 | 7 | 3 | 14 | 15 | 9 | 6 | 8 | 11 | 8 | 7 | 10 | 8 |
| 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 |
| PBT | 58 | 46 | 35 | 54 | 73 | 63 | 54 | 78 | 76 | 79 | 59 | 95 | 120 |
| Tax % | 18% | 14% | 2% | 10% | 15% | 11% | 10% | 16% | 14% | 9% | 12% | 15% | 17% |
| Net Profit | 47 | 39 | 34 | 49 | 62 | 56 | 48 | 65 | 66 | 72 | 52 | 81 | 99 |
| EPS in Rs | 11.1 | 9.16 | 8.2 | 11.78 | 14.99 | 12.75 | 12.25 | 14.86 | 14.76 | 15.95 | 11.56 | 18.04 | 21.76 |
Profit & Loss
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,024 | 1,393 | 1,538 | 1,496 | 1,758 | 1,685 | 1,491 | 2,714 | 3,158 | 3,436 | 4,506 | 5,025 | 5,325 |
| Expenses | 974 | 1,333 | 1,465 | 1,450 | 1,657 | 1,603 | 1,424 | 2,555 | 2,883 | 3,111 | 4,089 | 4,541 | 4,810 |
| Operating Profit | 50 | 61 | 73 | 46 | 100 | 82 | 67 | 159 | 275 | 325 | 417 | 484 | 515 |
| OPM % | 4.8% | 4.3% | 4.7% | 3.1% | 6% | 4.9% | 4.5% | 6% | 9% | 9% | 9% | 10% | 10% |
| Other Income | 24 | 24 | 30 | 47 | 51 | 44 | 36 | 37 | 34 | 31 | 38 | 36 | 33 |
| Interest | 23 | 21 | 35 | 38 | 43 | 53 | 47 | 61 | 82 | 100 | 112 | 123 | 102 |
| Depreciation | 16 | 17 | 19 | 23 | 26 | 42 | 44 | 48 | 51 | 64 | 75 | 87 | 93 |
| PBT | 34 | 47 | 49 | 32 | 83 | 31 | 11 | 86 | 176 | 192 | 267 | 309 | 353 |
| Tax % | 29% | 23% | 15% | 29% | 19% | 30% | -54% | 18% | 13% | 12% | 14% | 13% | — |
| Net Profit | 24 | 37 | 42 | 23 | 67 | 22 | 17 | 70 | 153 | 169 | 231 | 270 | 304 |
| 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 | 67.31 |
| Div. Payout % | 19% | 18% | 16% | 18% | 10% | 0% | 0% | 16% | 11% | 44% | 21% | 24% | — |
Balance Sheet
| 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 |
| Borrowings | 167 | 217 | 253 | 315 | 333 | 463 | 440 | 645 | 558 | 588 | 773 | 943 |
| Other Liabilities | 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 |
| Fixed Assets | 213 | 210 | 256 | 274 | 338 | 422 | 390 | 448 | 500 | 612 | 727 | 818 |
| CWIP | 3 | 11 | 16 | 8 | 8 | 36 | 47 | 15 | 33 | 35 | 44 | 113 |
| Investments | 11 | 19 | 13 | 37 | 33 | 38 | 55 | 55 | 60 | 30 | 24 | 36 |
| Other Assets | 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 Flow
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | 32 | 25 | 15 | 33 | 75 | 64 | 95 | -92 | 365 | 352 | 176 | 398 |
| Investing | -55 | -22 | -49 | -58 | -59 | -85 | -26 | -40 | -26 | -128 | -104 | -158 |
| Financing | 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 | 91 |
Ratios
| 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% | 20% |
Documents
Frequently Asked Questions about Pearl Global Industries Ltd
What does Pearl Global Industries Ltd do?
Where is Pearl Global Industries Ltd (PGIL) listed?
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Company Information
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]