MarketFriction

Pearl Global Industries Ltd

NSE PGIL · BSE 532808 · Garments & Apparels
₹1,263.00 -1.49%
NSE close2026-10-01
52 week range600.00 - 1,357.90
Market cap₹11,921 Cr.
P/E38.0
Microcap 250 Price band 20% Delivery 50.4%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales9617048771,0531,2021,0231,2291,2281,3131,1701,3141,528
Expenses8836397969541,1059311,1121,1161,1921,0741,1791,364
Operating Profit77658198979111711212196134164
OPM %8%9%9%9%8%9%10%9%9%8%10%11%
Other Income7314159681187108
Interest241722232524272727222627
Depreciation161619171819212022222326
Profit before tax4635547363547876795995120
Tax %14%2%10%15%11%10%16%14%9%12%15%17%
Net Profit393449625648656672528199
EPS in Rs4.584.105.897.496.386.137.437.387.975.789.0210.88
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales1,3931,5381,4961,7581,6851,4912,7143,1583,4364,5065,0255,325
Expenses1,3331,4651,4501,6571,6031,4242,5552,8833,1114,0894,5414,810
Operating Profit6173461008267159275325417484515
OPM %4.3%4.7%3.1%6%4.9%4.5%6%9%9%9%10%10%
Other Income243047514436373431383633
Interest2135384353476182100112123102
Depreciation171923264244485164758793
Profit before tax47493283311186176192267309353
Tax %23%15%29%19%30%-54%18%13%12%14%13%
Net Profit37422367221770153169231270304
EPS in Rs4.234.692.787.772.491.997.8717.2320.0527.0230.0833.65
Dividend Payout %18%16%18%10%0%0%16%11%44%21%24%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth14%28%17%14%
Compounded Profit Growth23%101%25%24%
Stock Price CAGR41%76%72%103%
Return on Equity16%21%22%21%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital222222222222222222222323
Reserves2963233593734484794965777017801,1331,437
Borrowings167217253315333463440645558588773943
Other Liabilities250264282226298288339538501595667842
Total Liabilities7348259169371,1001,2521,2961,7811,7811,9862,5953,245
Fixed Assets213210256274338422390448500612727818
CWIP3111688364715333544113
Investments111913373338555560302436
Other Assets5075856306177227568041,2631,1881,3091,8002,278
Total Assets7348259169371,1001,2521,2961,7811,7811,9862,5953,245
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity32251533756495-92365352176398
Cash from Investing Activity-55-22-49-58-59-85-26-40-26-128-104-158
Cash from Financing Activity2241131-1415-62153-200-152101-46
Net Cash Flow-2027-2362-672213972174194
Free Cash Flow25-4984-3264-14232522981208
CFO/OP78%51%28%81%102%97%147%-53%141%115%50%91%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days435038354648594924282630
Inventory Days11980939399119133131115108108122
Days Payable1138251487682117106881058697
Cash Conversion Cycle494880796985767452324955
Working Capital Days5655161729255366
ROCE %6%12%13%10%14%10%5%12%19%21%22%20%
Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Promoters66.23%66.19%66.17%62.91%62.82%62.81%62.78%62.75%61.24%61.16%61.11%59.91%
FIIs5.25%5.45%5.39%4.57%5.20%7.39%6.80%6.50%6.27%6.48%6.82%6.76%
DIIs0.43%0.49%0.61%9.31%11.24%11.56%12.77%14.02%16.77%18.80%19.16%20.12%
Public28.09%27.87%27.84%23.20%20.75%18.24%17.65%16.73%15.73%13.56%12.91%13.19%
No. of Shareholders17,07116,31419,28421,30123,73924,54925,75526,81929,01330,11030,51842,398

Fundamentals

Market Cap₹ 11,921 Cr.
Current Price₹ 1,290
Stock P/E38.0
Book Value₹ 158
ROCE19.9 %
ROE21.0 %
Dividend Yield0.56 %
Face Value₹ 5.00
Compounded Sales Growth (TTM)14%
Compounded Profit Growth (TTM)24%
Consolidated figures.
Valuation
Market capRs 11,668 Cr
Enterprise valueRs 11,863 Cr
P/E (TTM)37.60x
Price to book7.99x
Price to sales2.19x
EV / EBITDA21.64x
EV / EBIT26.07x
EV / sales2.23x
Price to cash flow29.29x
Earnings yield2.66%
Dividend yield0.57%
P/E, 3-year average10.09x
P/B, 3-year average2.08x
P/E, 5-year average7.03x
P/B, 5-year average1.39x
Profitability
Operating margin (excl. other income)9.63%
Operating margin (incl. other income)10.34%
EBITDA margin10.30%
Pre-tax margin6.62%
Net profit margin5.83%
Net margin, latest quarter6.58%
ROE21.23%
ROCE19.95%
ROA9.51%
ROE, 3-year average23.18%
ROCE, 3-year average21.57%
ROA, 3-year average9.88%
ROE, 5-year average20.87%
ROCE, 5-year average19.70%
ROA, 5-year average8.49%
ROIC (approx.)24.00%
Tax rate12.70%
Other income / net worth2.44%
Growth
Sales growth (latest year)11.50%
Profit growth (latest year)11.81%
Sales CAGR, 3 years16.74%
Sales CAGR, 5 years27.51%
Profit CAGR, 3 years22.99%
Profit CAGR, 5 years74.28%
Sales growth QoQ16.34%
Profit growth QoQ20.72%
Sales growth YoY (latest quarter)24.46%
Profit growth YoY (latest quarter)48.20%
Per share
EPS (TTM)Rs 33.59
EPS (latest year)Rs 60.17
EPS (latest quarter)Rs 10.88
EPS, 3-year averageRs 51.45
EPS, 5-year averageRs 50.94
Book value per shareRs 158.02
Sales per shareRs 576.41
Cash flow per shareRs 43.12
Free cash flow per shareRs 22.52
Dividend per share (latest year)Rs 14.50
Dividend per share, 3-year averageRs 14.50
Dividend per share, 5-year averageRs 11.20
Dividends
Dividend payout24.10%
Dividend payout, 3-year average29.66%
Dividend payout, 5-year average23.15%
Efficiency
Asset turnover1.55x
Fixed asset turnover6.14x
Inventory turnover3.61x
Inventory days101 days
Debtor days30 days
Debtors turnover12.34x
Creditor days97 days
Cash conversion cycle55 days
Working capital days6 days
Leverage
Total debtRs 943 Cr
Cash and bankRs 747 Cr
Net debtRs 195 Cr
Debt to equity0.65x
Net debt / EBITDA0.36x
Interest coverage4.44x
Current ratio (filing 2026-03-31)1.60x
Quick ratio (filing 2026-03-31)0.97x
Trade payables (filing 2026-03-31)Rs 698 Cr
Owners' fund to total sources44.99%
Debt to assets29.06%
Cash flow
Cash from Operating Activity (latest year)Rs 398 Cr
Cash from Investing Activity (latest year)Rs -158 Cr
Cash from Financing Activity (latest year)Rs -46 Cr
Net Cash Flow (latest year)Rs 194 Cr
Free cash flow (latest year)Rs 208 Cr
FCFE (approx.: FCF + change in debt)Rs 378 Cr
Cash from ops / profit, 5 years1.34x
Sales to cash flow12.61x
Statement figures
Net sales (TTM)Rs 5,325 Cr
Net sales (latest year)Rs 5,025 Cr
Sales (latest quarter)Rs 1,528 Cr
Operating profit excl. other income (latest year)Rs 484 Cr
Operating profit (latest quarter)Rs 164 Cr
Other income (TTM)Rs 33 Cr
EBITDA (TTM)Rs 548 Cr
PBDT (TTM)Rs 446 Cr
Profit before tax (TTM)Rs 353 Cr
Tax (latest year)Rs 39 Cr
Net profit (TTM)Rs 310 Cr
Net profit (latest year)Rs 278 Cr
Net profit (latest quarter)Rs 101 Cr
Depreciation (TTM)Rs 93 Cr
Depreciation (latest quarter)Rs 26 Cr
Interest (TTM)Rs 102 Cr
Cost of goods sold (latest year)Rs 3,184 Cr
Total expenditure (latest year)Rs 4,541 Cr
Total income (latest year)Rs 5,060 Cr
Share capitalRs 23 Cr
ReservesRs 1,437 Cr
Shareholders' fundsRs 1,460 Cr
Total assetsRs 3,245 Cr
Net blockRs 818 Cr
Capital work in progressRs 113 Cr
InvestmentsRs 36 Cr
ReceivablesRs 407 Cr
InventoryRs 882 Cr
Other liabilitiesRs 842 Cr
Shares outstanding (crore)9.24
Ownership
Promoter holding59.91% (-2.84 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 37.6 is at the 88th percentile of its own 9.4-year range (median 17.5, low 3.4, high 70.1).
P/B 7.99 is at the 96th percentile (median 1.56).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodPGILNifty 50Difference
1 week-0.8%-2.8% +1.9 pts
1 month+7.6%-6.8% +14.4 pts
3 months+25.3%-7.6% +32.9 pts
6 months+86.6%+0.4% +86.2 pts
1 year+94.1%-9.9% +104.0 pts
2 years+182.2%-13.6% +195.8 pts
3 years+400.8%+14.2% +386.6 pts
5 years+1562.9%+27.9% +1535.0 pts
26 mutual fund schemes hold about ₹2,217 Cr. Over three months 4 bought more and 16 sold (share counts, price move removed).
FundWeightEst. Cr3m shares
HDFC Small Cap Fund1.77%741 +1%
SBI Flexicap Fund1.50%349 -5%
HSBC Value Fund1.38%212 -6%
ICICI Pru Flexi Cap Fund0.69%180 -15%
HDFC Manufacturing Fund1.31%139 -17%
HSBC ELSS Tax saver Fund2.52%107 -6%
HDFC Business Cycle Fund3.00%83 -5%
SBI Quality Fund2.73%73 -12%
Tata Multicap Fund2.00%71 -6%
HSBC India Export Opportunities Fund5.17%69 -12%
HDFC Children's Fund(Lock in)0.56%60 +100%
ICICI Pru MNC Fund2.55%46 -14%
HSBC Flexi Cap Fund0.63%38 +9%
HDFC MNC Fund2.50%14 -7%
Bandhan Aggressive Hybrid Fund0.50%13 -29%
Motilal Oswal Nifty Microcap 250 Index Fund0.45%11 -9%
Unifi Flexi Cap Fund2.40%6 -17%
ITI Bharat Consumption Fund0.75%3 +12%
Bajaj Finserv Flexi Cap Fund0.03%3 +100%
Groww Nifty Total Market Index Fund0.02%0 -6%
Angel One Nifty Total Market Index Fund0.02%0 -7%
Mirae Asset Nifty Total Market Index Fund0.02%0 -7%
Bandhan Nifty Total Market Index Fund0.02%0 -1%
Motilal Oswal BSE 1000 Index Fund0.02%0 -7%
ICICI Pru Multi Cap Fund0.00%0

Red flags

F-score 6 of 8
No red flags in the latest statements and filings.
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Jun 2026
Sales ₹1,528 Cr +24.4% vs Jun 2025. Net profit ₹99 Cr +50.0%.

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2026-09-11Bonus 1:10.5000
2026-05-21Interim Dividend - Rs 8.50 Per Share
2025-11-17Interim Dividend - Rs 6 Per Share
2025-05-26Interim Dividend - Rs 6.50 Per Share
2024-11-27Interim Dividend - Rs 5 Per Share
2024-01-05Face Value Split (Sub-Division) - From Rs10/- Per Share To Rs 5/- Per Share0.5000
2023-11-22Interim Dividend - Rs 12.5 Per Share
2023-09-01Interim Dividend - Rs 5 Per Share
2023-05-26Interim Dividend - Rs 5 Per Share
2022-11-22Interim Dividend - Rs 2.50 Per Share
2022-09-16Annual General Meeting
2022-06-07Interim Dividend - Rs 5 Per Share
2021-09-16 Annual General Meeting
2020-11-18 Annual General Meeting
2019-09-16 Annual General Meeting/Dividend - Rs 3 Per Share
2018-09-14 Annual General Meeting/Dividend Rs 2 Per Share
2017-09-20 Annual General Meeting/ Dividend- Rs 3.00 Per Share
2016-09-16 Annual General Meeting/Dividend - Re 0.50 Per Share
2016-03-18 Interim Dividend - Rs 2.50/- Per Share (Purpose Revised)
2015-09-11 Annual General Meeting/ Dividend - Rs 2.25/- Per Share
2014-09-17Annual General Meeting / Dividend - Rs 2/- Per Share
2014-05-30Scheme Of Arrangement
2013-09-18Annual General Meeting / Dividend - Re 1/- Per Share
2011-09-13Annual General Meeting
2010-09-16Annual General Meeting
2009-09-09Annual General Meeting
2008-08-20Agm/Dividend - 15%
2007-08-16Agm
DateTypeWhat it says
2026-10-01Concall / analyst meetTranscript of investors/analysts meet held on September 24, 2026
2026-09-24Concall / analyst meetLink of Audio Recording
2026-09-24Investor PresentationInvestor Presentation
2026-09-22Press ReleaseA Press Release dated September 22, 2026
2026-09-16Concall / analyst meetSchedule of meet
2026-09-15Committee Meeting UpdatesOutcome of Bonus Allotment Committee Meeting held on September 15, 2026.
2026-09-07Record DateRecord date for the purpose of Bonus is 11-Sep-2026.
2026-09-07Shareholder meetingVoting results.
2026-09-03Concall / analyst meetSchedule of meet
2026-08-21UpdatesGrant of ESOPs under Pearl Global Industries Limited Employee Stock Option Scheme 2022.
2026-08-13Concall / analyst meetTranscript of the Earnings Conference Call with Investors/ Analysts held on August 06, 2026.
2026-08-06Concall / analyst meetLink of Recording
2026-08-06Shareholder meetingNotice of Postal Ballot dated August 05, 2026.
2026-08-06Director changeChange in Director(s) of the company.
2026-08-05CorrigendumCorrigendum to the Board Meeting Outcome dated August 05, 2026
2026-08-05Director changeChange in Director(s) of the company.
2026-08-05Investor PresentationInvestor Presentation
2026-08-05Press ReleaseA press release dated August 05, 2026, titled "Press Release for the Financial Results".
2026-08-05BonusThe Board of Directors at its meeting held on August 05, 2026, have considered and approved bonus at the ratio of 1 : 1, i.e 1 Equity Shares for every...
2026-08-05Board meeting outcomePearl Global Industries Limited has submitted to the Exchange, Un-audited financial results for the period ended June 30, 2026.
2026-08-05UpdatesGrant of ESOPs under Pearl Global Industries Limited Employee Stock Option Scheme 2022.
2026-07-31UpdatesCorporate Presentation - July 2026.
2026-07-31Concall / analyst meetSchedule of meet
2026-07-28ESOPAllotment of 6425 Shares under ESOP Scheme - 2022.
2026-07-21Shareholder meetingVoting results.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Close to Close price movement greater than 100perc in previous 365 days

Quick answers

What is the market cap of Pearl Global Industries Ltd?

Pearl Global Industries Ltd (PGIL) has a market capitalisation of Rs 11,921 Cr. at the 2026-10-01 close.

What is the P/E ratio of Pearl Global Industries Ltd?

Pearl Global Industries Ltd trades at a P/E of 38.0 on trailing twelve-month profit, at the 2026-10-01 close.

What were Pearl Global Industries Ltd's latest quarterly results?

In the Jun 2026 quarter, Pearl Global Industries Ltd sales was Rs 1,528 Cr (+24.4% vs Jun 2025) and net profit was Rs 99 Cr.

What is the 52-week high and low of Pearl Global Industries Ltd?

The 52-week high is Rs 1,357.90 and the 52-week low is Rs 600.00.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03