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Swing Capital

Pearl Global Industries Ltd

NSE: PGIL BSE: 532808Textile

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]

₹1,611
52W: ₹1154 — ₹1993
PE 107 · Book ₹126 · +1179% vs book
Market Cap₹7,438 Cr
Stock P/E107Price to Earnings
ROCE12.5%Return on Capital
ROE12.2%Return on Equity
Div. Yield0.72%Face Value ₹5

Strengths

  • +Company has been maintaining a healthy dividend payout of 141%

Weaknesses

  • −Stock is trading at 12.8 times its book value
  • −The company has delivered a poor sales growth of 6.99% over past five years.
  • −Tax rate seems low
  • −Company has a low return on equity of 9.92% over last 3 years.
  • −Earnings include an other income of Rs.76.6 Cr.
  • −Promoter holding has decreased over last 3 years: -5.42%

Shareholding Pattern

Promoters61.16%
FIIs6.48%
DIIs18.8%
Public13.56%
CategoryJun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters66.17%62.91%▼3.362.82%▼0.162.81%▼0.062.78%▼0.062.75%▼0.061.24%▼1.561.16%▼0.1
FIIs5.39%4.57%▼0.85.2%▲0.67.39%▲2.26.8%▼0.66.5%▼0.36.27%▼0.26.48%▲0.2
DIIs0.61%9.31%▲8.711.24%▲1.911.56%▲0.312.77%▲1.214.02%▲1.316.77%▲2.818.8%▲2.0
Public27.84%23.2%▼4.620.75%▼2.418.24%▼2.517.65%▼0.616.73%▼0.915.73%▼1.013.56%▼2.2

Financial Statements

MetricDec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales158320276287235397267264246304
Expenses161301264284228359248254234281
Operating Profit-31912383918101223
OPM %-2%6%4%1%3%10%7%4%5%8%
Net Profit412161242326151414
EPS ₹0.812.733.642.520.915.065.623.213.053.07

AI Insights

Revenue Trend

Mar 2026 revenue at ₹1,081Cr, down 9.6% YoY. OPM at 6%.

Debt Position

Borrowings at ₹352Cr. Debt-to-equity ratio: 0.63x. Moderate leverage.

Institutional Flow

DIIs: 18.8% (+17.75pp change). FIIs: 6.48% (+1.45pp change). Promoters hold 61.16%.

Margin & Efficiency

ROCE improving from 9% (Mar 2015) to 12% (Mar 2026). Working capital days: 4.

Valuation

PE 107x with 12.5% ROCE. Price is 1179% above book value of ₹126. Dividend yield: 0.72%.

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