Pearl Global IND Limited
NSE: PGIL · Garments & Apparels · sector
₹1,212.80NSE close 2026-10-26
Key numbers
Market cap₹11,177 cr
Price₹1,212.80
52w high / low₹1,358 / ₹643
P/E36.0xSector median 15.0x
P/B7.7xSector median 1.5x
Book value₹158.4
Dividend yield0.54%Sector median 0.84%
ROE23.7%Sector median 10.6%
ROCE21.2%Sector median 9.9%
OPM9.6%Sector median 8.6%
Debt / equity0.47xSector median 0.33x
EV/EBITDA21.7xSector median 9.3x
Interest cover4.4x
Current ratio1.60x
Sales growth 3y+16.7%Sector median +6.2%
Profit growth 3y+23.0%Sector median +11.5%
PEG1.75x
Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 43 companies in Garments & Apparels (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹747 cr vs borrowings ₹687 cr (FY26): cash is higher (net cash).
- Operating profit covered interest 4.4x in the last 12 months.
- No promoter shares are pledged.
- Promoter holding fell by 2.84 percentage points in a year, to 59.91% (2026-09-30).
- Operating cash flow was below net profit in 2 of the last 5 years (FY25, FY22).
- Revenue was higher than a year earlier in 4 of the last 4 quarters.
- Other income was 12% of net profit in the last 12 months.
- Dividend paid in 4 of the last 5 financial years.
- Price ₹1,212.80 on 2026-10-26: -10.7% from the 52-week high, +88.6% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹2,480.40 · low ₹894.95
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,202 | 1,023 | 1,229 | 1,228 | 1,313 | 1,170 | 1,314 | 1,528 |
| EBITDA | 93 | 91 | 120 | 112 | 121 | 96 | 134 | 161 |
| OPM % | 7.7% | 8.9% | 9.8% | 9.1% | 9.2% | 8.2% | 10.2% | 10.5% |
| Other income | 13 | 6 | 5 | 11 | 8 | 8 | 10 | 11 |
| Net profit | 58 | 56 | 68 | 68 | 73 | 53 | 83 | 101 |
| EPS (₹) | 6.45 | 6.26 | 7.55 | 7.38 | 7.97 | 5.79 | 9.03 | 10.88 |
| Revenue YoY | +9.2% | +14.4% | +6.9% | +24.5% | ||||
| Profit YoY | +25.4% | -5.3% | +22.0% | +48.2% |
Consolidated figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 2,714 | 3,158 | 3,436 | 4,506 | 5,025 | 5,325 |
| EBITDA | 147 | 269 | 307 | 408 | 463 | 512 |
| Net profit | 68 | 149 | 175 | 248 | 278 | 310 |
| EPS (₹) | 7.87 | 17.23 | 20.13 | 27.48 | 30.17 | 33.67 |
| Revenue growth | +16.4% | +8.8% | +31.1% | +11.5% | +13.8% | |
| Profit growth | +119.0% | +17.1% | +42.0% | +11.8% | +23.7% | |
| Dividend / share (₹) | – | 7.50 | 22.50 | 5.00 | 12.50 |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | +16.7% | +27.5% | +13.7% |
| Net profit | +23.0% | +74.3% | +23.7% |
| EPS | +20.5% | +72.2% | – |
| Share price | – | +60.0% (2y) | +85.0% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 722 | 802 | 1,156 | 1,460 |
| Borrowings | – | 448 | 445 | 552 | 687 |
| Cash & equivalents | – | 300 | 366 | 566 | 747 |
| Total assets | – | 1,781 | 1,985 | 2,596 | 3,245 |
| Fixed assets | – | 288 | 531 | 646 | 737 |
| Capital work in progress | – | 33 | 35 | 44 | 110 |
| Investments | – | 54 | 30 | 24 | 36 |
| Receivables | – | 209 | 265 | 324 | 407 |
| Inventory | – | 513 | 503 | 705 | 882 |
| Payables | – | 392 | 486 | 557 | 698 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | -92 | 365 | 352 | 176 | 398 |
| Cash from investing | -40 | -26 | -128 | -104 | -158 |
| Cash from financing | 153 | -200 | -152 | 101 | -46 |
| Capex | 84 | 70 | 128 | 119 | 191 |
| Free cash flow | -175 | 294 | 225 | 57 | 207 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | 20.7% | 21.8% | 21.5% | 19.0% |
| ROCE % | – | 20.6% | 22.1% | 21.5% | 19.2% |
| Debtor days | – | 24 | 28 | 26 | 30 |
| Inventory days | – | 115 | 108 | 109 | 122 |
| Payable days | – | 88 | 105 | 86 | 97 |
| Cash conversion cycle (days) | – | 51 | 31 | 49 | 55 |
| Working capital days | – | 40 | 42 | 52 | 61 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 59.91% |
| FIIs | 6.69% |
| DIIs | 20.15% |
| of which Mutual funds | 19.46% |
| of which Insurance | 0.00% |
| Government | 0.00% |
| Public (non-institutions) | 13.24% |
| Quarter | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 62.81% | 62.78% | 62.75% | 61.24% | 61.16% | 61.11% | 59.91% | 59.91% |
| Promoter group | % |
|---|---|
| Pulkit Seth | 30.08% |
| Payel Seth | 19.11% |
| Deepak Kumar Seth | 9.85% |
| Shifalli Seth | 0.87% |
| Nim International Commerce LLP | 0.00% |
| Public holders above 1% | % |
|---|---|
| HDFC Small CAP Fund | 9.11% |
| SBI Flexicap Fund | 3.70% |
| HSBC Mutual Fund - HSBC India Export Opportunities Fund | 3.68% |
| ICICI Prudential Flexi CAP Fund | 1.99% |
| Goldman Sachs Funds - Goldman Sachs India Equity Portfolio | 1.68% |
45,190 shareholders. Pledged: 0.00% of promoter shares.
Peers in Garments & Apparels
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| PAGEIND | ₹37,823 cr | 50.0x | 25.2x | 52.0% | 70.2% | 20.8% | +3.1% | 1.77% |
| ARVIND | ₹12,646 cr | 30.5x | 3.1x | 10.6% | 14.2% | 10.5% | +3.5% | 0.82% |
| PGIL | ₹11,177 cr | 36.0x | 7.7x | 23.7% | 21.2% | 9.6% | +16.7% | 0.54% |
| GOKEX | ₹4,743 cr | 46.0x | 2.2x | 4.9% | 8.9% | 8.8% | +21.5% | – |
| LUXIND | ₹3,206 cr | 30.1x | 1.8x | 5.7% | 7.5% | 6.2% | +7.2% | 0.05% |
| SBC | ₹3,034 cr | 75.0x | 30.3x | 47.3% | 15.2% | 8.6% | +27.2% | – |
| KKCL | ₹2,604 cr | 17.6x | 2.8x | 16.8% | 22.9% | 19.9% | +15.9% | 0.96% |
| KITEX | ₹2,206 cr | – | 2.1x | -2.8% | 1.0% | 3.5% | +6.2% | 0.45% |
| SPAL | ₹2,085 cr | 19.8x | 2.2x | 11.7% | 14.3% | 14.1% | +13.6% | 0.24% |
| CANTABIL | ₹2,081 cr | 21.4x | 4.3x | 22.4% | 37.4% | 31.5% | +15.6% | 0.50% |
Business segments (FY26)
| Segment | Revenue | Share | EBIT | Margin |
|---|---|---|---|---|
| Hong Kong | ₹3,937 cr | 48.1% | ₹163 cr | 4.1% |
| Bangladesh | ₹1,692 cr | 20.7% | ₹120 cr | 7.1% |
| India | ₹1,094 cr | 13.4% | ₹47 cr | 4.3% |
| Vietnam | ₹984 cr | 12.0% | ₹91 cr | 9.2% |
| Others | ₹474 cr | 5.8% | ₹-9 cr | -1.9% |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2026-09-11 | Bonus | Bonus 1:1 |
| 2026-05-21 | Dividend | Interim Dividend - Rs 8.50 Per Share |
| 2025-11-17 | Dividend | Interim Dividend - Rs 6 Per Share |
| 2025-05-26 | Dividend | Interim Dividend - Rs 6.50 Per Share |
| 2024-11-27 | Dividend | Interim Dividend - Rs 5 Per Share |
| 2024-01-05 | Split | Face Value Split (Sub-Division) - From Rs10/- Per Share To Rs 5/- Per Share |
| 2023-11-22 | Dividend | Interim Dividend - Rs 12.5 Per Share |
| 2023-09-01 | Dividend | Interim Dividend - Rs 5 Per Share |
| 2023-05-26 | Dividend | Interim Dividend - Rs 5 Per Share |
| 2022-11-22 | Dividend | Interim Dividend - Rs 2.50 Per Share |
| 2022-09-16 | Other | Annual General Meeting |
| 2022-06-07 | Dividend | Interim Dividend - Rs 5 Per Share |
| 2021-09-16 | Other | Annual General Meeting |
| 2020-11-18 | Other | Annual General Meeting |
| 2019-09-16 | Dividend | Annual General Meeting/Dividend - Rs 3 Per Share |
| 2018-09-14 | Dividend | Annual General Meeting/Dividend Rs 2 Per Share |
| 2017-09-20 | Dividend | Annual General Meeting/ Dividend- Rs 3.00 Per Share |
| 2016-09-16 | Dividend | Annual General Meeting/Dividend - Re 0.50 Per Share |
| 2016-03-18 | Dividend | Interim Dividend - Rs 2.50/- Per Share (Purpose Revised) |
| 2015-09-11 | Dividend | Annual General Meeting/ Dividend - Rs 2.25/- Per Share |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Annual report FY22
- Announcements NSE filings
- BRSR FY26
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
- Manufacturing: Manufacturing and export of apparels
| Sector | Consumer Discretionary |
| Industry | Garments & Apparels |
| Sub-industry | Garments & Apparels |
| Symbol | PGIL |
| BSE code | 532808 |
| ISIN | INE940H01022 |
| Face value | ₹5.0 |
| Incorporated | 1989-07-05 |
| Website | https://www.pearlglobal.com |
| Plants (India / abroad) | 8 / 8 |
From the company's filings (BRSR FY26).
Data built 2026-10-22 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.