Pearl Global Industries Limited
NSE: PGIL · Textiles
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Instant answers about Pearl Global Industries Limited — computed from its filings, no language modelPrice & valuation
split & bonus adjusted · pick a metric and rangeAnnual performance
annual · ₹ crore · line = operating margin| FY18 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,496 | 1,685 | 1,491 | 2,714 | 3,158 | 3,436 | 4,506 | 5,025 |
| EBITDA | 25 | 67 | 61 | 141 | 256 | 308 | 404 | 464 |
| Operating margin | 1.7% | 4.0% | 4.1% | 5.2% | 8.1% | 9.0% | 9.0% | 9.2% |
| Interest | 26 | 42 | 41 | 47 | 65 | 83 | 99 | 103 |
| Depreciation | 23 | 42 | 44 | 48 | 51 | 64 | 75 | 87 |
| Profit before tax | 32 | 31 | 11 | 86 | 176 | 192 | 267 | 309 |
| Tax | 9 | 10 | -6 | 16 | 23 | 23 | 37 | 39 |
| Net profit | 24 | 22 | 17 | 68 | 149 | 175 | 248 | 278 |
| EPS ₹ | 11.12 | 9.95 | 7.97 | 31.46 | 68.90 | 40.26 | 54.96 | 60.34 |
| Operating cash flow | — | — | — | -92 | 365 | 352 | 176 | 398 |
| Capex | — | — | — | 84 | 70 | 128 | 119 | 191 |
| Dividend paid | — | — | — | 0 | 8 | 49 | 25 | 60 |
| Total assets | — | — | — | — | 1,781 | 1,985 | 2,596 | 3,245 |
| Equity | — | — | — | — | 722 | 802 | 1,156 | 1,460 |
Quarterly performance
last 32 quarters · ₹ crore| MAR '18 | SEP '18 | DEC '18 | SEP '19 | DEC '19 | MAR '20 | JUN '20 | SEP '20 | DEC '20 | MAR '21 | JUN '21 | SEP '21 | DEC '21 | MAR '22 | JUN '22 | SEP '22 | DEC '22 | MAR '23 | JUN '23 | SEP '23 | DEC '23 | MAR '24 | JUN '24 | SEP '24 | DEC '24 | MAR '25 | JUN '25 | SEP '25 | DEC '25 | MAR '26 | JUN '26 | SEP '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 435 | 455 | 394 | 436 | 350 | 518 | 155 | 451 | 360 | 525 | 436 | 681 | 700 | 896 | 851 | 860 | 717 | 730 | 894 | 961 | 704 | 877 | 1,053 | 1,202 | 1,023 | 1,229 | 1,228 | 1,313 | 1,170 | 1,314 | 1,528 | 1,802 |
| Operating profit | 9 | 10 | 39 | 20 | 19 | 15 | -11 | 31 | 10 | 31 | 18 | 40 | 43 | 40 | 67 | 52 | 73 | 63 | 83 | 77 | 65 | 81 | 98 | 97 | 91 | 117 | 112 | 121 | 96 | 134 | 164 | 182 |
| Operating margin | 2.0% | 2.1% | 9.8% | 4.7% | 5.4% | 2.9% | -7.2% | 6.8% | 2.7% | 6.0% | 4.2% | 5.9% | 6.1% | 4.4% | 7.9% | 6.1% | 10.2% | 8.6% | 9.3% | 8.1% | 9.3% | 9.3% | 9.3% | 8.0% | 8.9% | 9.5% | 9.2% | 9.2% | 8.2% | 10.2% | 10.7% | 10.1% |
| Other income | 27 | 10 | 0 | 14 | 9 | 13 | 4 | 5 | 6 | 9 | 8 | 5 | 3 | 18 | 6 | 8 | 3 | 6 | 7 | 7 | 3 | 15 | 10 | 13 | 6 | 5 | 11 | 8 | 8 | 10 | 11 | 10 |
| Interest | 7 | 7 | 7 | 14 | 10 | 13 | 9 | 10 | 11 | 11 | 12 | 9 | 13 | 13 | 16 | 16 | 18 | 16 | 20 | 24 | 17 | 22 | 23 | 25 | 24 | 27 | 27 | 27 | 22 | 26 | 27 | 29 |
| Depreciation | 6 | 7 | 6 | 10 | 10 | 12 | 11 | 11 | 11 | 11 | 12 | 13 | 12 | 13 | 12 | 12 | 13 | 14 | 14 | 16 | 16 | 19 | 17 | 18 | 19 | 21 | 20 | 22 | 22 | 23 | 26 | 26 |
| Profit before tax | 24 | 5 | 26 | 9 | 8 | 2 | -27 | 14 | 7 | 17 | 2 | 30 | 21 | 32 | 44 | 32 | 44 | 56 | 58 | 46 | 35 | 54 | 73 | 63 | 54 | 78 | 76 | 79 | 59 | 95 | 120 | 135 |
| Tax | 11 | 2 | 11 | 1 | 3 | 3 | -2 | -1 | -4 | 1 | 3 | 4 | 4 | 4 | 7 | 6 | 7 | 3 | 10 | 7 | 1 | 5 | 11 | 7 | 5 | 13 | 11 | 7 | 7 | 14 | 20 | 9 |
| Net profit | 13 | 3 | 15 | 7 | 5 | -0 | -23 | 14 | 11 | 15 | 0 | 24 | 16 | 27 | 36 | 23 | 33 | 52 | 48 | 40 | 36 | 51 | 65 | 58 | 56 | 68 | 68 | 73 | 53 | 83 | 101 | 126 |
| EPS ₹ | 5.96 | 1.34 | 6.89 | 3.25 | 2.41 | -0.06 | -10.63 | 6.63 | 4.98 | 6.98 | 0.08 | 11.31 | 7.56 | 12.51 | 16.84 | 10.68 | 15.42 | 23.97 | 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 | 13.62 |
| Revenue YoY | — | — | — | -4.3% | -11.0% | — | — | 3.5% | 2.8% | 1.2% | 180.8% | 51.2% | 94.4% | 70.7% | 95.1% | 26.3% | 2.4% | -18.5% | 5.1% | 11.7% | -1.8% | 20.2% | 17.7% | 25.1% | 45.2% | 40.1% | 16.6% | 9.2% | 14.4% | 6.9% | 24.5% | 37.2% |
| Profit YoY | — | — | — | 142.3% | -64.9% | — | — | 103.8% | 106.5% | — | — | 70.5% | 51.6% | 79.2% | 21352.9% | -5.6% | 104.0% | 91.6% | 31.8% | 71.5% | 7.0% | -1.1% | 36.0% | 47.4% | 57.4% | 32.9% | 3.8% | 25.4% | -5.3% | 22.0% | 48.2% | 71.5% |
Earlier results (standalone, Sep '07 – Dec '17)
₹ crore · from BSE, before the NSE XBRL filings beginPearl Global Industries Limited reports consolidated figures above. Quarterly consolidated results only became mandatory in India in 2019, so the earlier history available is the standalone company only (excluding subsidiaries). It is shown separately so the two bases are never mixed.
Full years
| FY09† | FY10† | FY11† | FY12† | FY13† | FY14† | FY15† | FY16† | FY17† | |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | 23 | 45 | — | — | 558 | 665 | 625 | 768 | 858 |
| Operating profit | -9 | -12 | -7 | 16 | 14 | 21 | 15 | 11 | 0 |
| Operating margin | -38.4% | -27.5% | — | — | 2.6% | 3.2% | 2.4% | 1.4% | 0.0% |
| Other income | 21 | 11 | 10 | 5 | 14 | 22 | 27 | 33 | 37 |
| Interest | 0 | 1 | 1 | 10 | 16 | 17 | 17 | 14 | 16 |
| Depreciation | 0 | 2 | 3 | 7 | 10 | 9 | 10 | 10 | 11 |
| Profit before tax | 12 | -4 | -0 | 4 | 4 | 14 | 15 | 19 | 10 |
| Tax | 3 | -0 | 23 | -0 | 0 | 0 | 5 | 5 | 2 |
| Net profit | 9 | -4 | -24 | 4 | 4 | 14 | 10 | 13 | 9 |
Quarters
| SEP '07† | DEC '07† | MAR '08† | JUN '08† | SEP '08† | DEC '08† | MAR '09† | JUN '09† | SEP '09† | DEC '09† | MAR '10† | JUN '10† | SEP '10† | DEC '10† | MAR '11† | JUN '11† | SEP '11† | DEC '11† | MAR '12† | JUN '12† | SEP '12† | DEC '12† | MAR '13† | JUN '13† | SEP '13† | DEC '13† | MAR '14† | JUN '14† | SEP '14† | DEC '14† | MAR '15† | JUN '15† | SEP '15† | DEC '15† | MAR '16† | JUN '16† | SEP '16† | DEC '16† | MAR '17† | JUN '17† | SEP '17† | DEC '17† | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | — | — | 15 | 2 | 4 | 11 | 6 | 9 | 9 | 6 | 21 | 13 | 5 | 5 | — | — | — | 130 | 229 | 157 | 123 | 94 | 184 | 145 | 146 | 140 | 233 | 143 | 129 | 136 | 217 | 151 | 170 | 164 | 283 | 199 | 144 | 186 | 329 | 206 | 156 | 145 |
| Operating profit | -1 | -1 | -1 | -1 | -1 | -3 | -3 | -4 | -4 | -4 | -1 | -0 | -4 | -2 | -1 | -3 | -3 | 3 | 19 | 6 | -3 | 1 | 10 | 0 | 5 | 7 | 9 | 4 | 1 | 3 | 7 | 6 | 2 | 1 | 1 | 3 | -7 | -2 | 6 | -7 | -12 | -2 |
| Operating margin | — | — | -3.9% | -73.0% | -27.0% | -26.2% | -60.1% | -40.3% | -41.5% | -64.0% | -6.1% | -1.1% | -65.9% | -37.6% | — | — | — | 2.0% | 8.3% | 3.7% | -2.5% | 1.2% | 5.7% | 0.3% | 3.7% | 4.8% | 3.7% | 2.9% | 0.9% | 2.4% | 3.0% | 4.2% | 1.3% | 0.5% | 0.4% | 1.6% | -4.7% | -1.3% | 1.9% | -3.2% | -7.6% | -1.2% |
| Other income | 5 | 4 | 2 | 4 | 9 | 4 | 4 | 2 | 4 | 2 | 2 | 2 | 3 | 3 | 2 | 3 | 4 | -2 | 0 | 3 | 4 | 3 | 4 | 8 | 3 | 3 | 8 | 7 | 6 | 6 | 8 | 7 | 7 | 7 | 12 | 9 | 7 | 9 | 11 | 14 | 9 | 8 |
| Interest | — | — | — | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 3 | 6 | 5 | 3 | 3 | 5 | 4 | 4 | 4 | 5 | 5 | 4 | 4 | 5 | 4 | 3 | 2 | 4 | 3 | 4 | 3 | 5 | 5 | 5 | 5 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 3 | 3 | 3 | 3 | 2 | 2 | 2 | 2 | 2 | 3 | 3 | 3 | 2 | 2 | 2 | 2 | 3 | 2 | 3 | 3 | 3 | 3 | 3 | 3 |
| Profit before tax | 4 | 3 | 2 | 3 | 7 | 1 | 0 | -1 | -0 | -3 | 0 | 2 | -2 | -0 | 0 | -1 | 1 | -6 | 11 | 1 | -5 | -1 | 9 | 2 | 2 | 4 | 7 | 3 | 1 | 3 | 7 | 6 | 3 | 3 | 7 | 7 | -6 | 0 | 9 | 6 | -11 | 0 |
| Tax | 0 | 0 | 0 | 0 | 1 | 0 | 1 | -1 | 0 | -0 | 1 | 0 | -0 | -0 | 24 | -0 | 0 | -7 | 7 | -0 | -1 | -1 | 2 | 1 | 1 | 0 | -2 | -1 | 0 | 1 | 4 | 2 | 1 | 1 | 2 | 2 | -2 | 0 | 1 | 2 | -2 | -2 |
| Net profit | 4 | 3 | 1 | 3 | 7 | 1 | -1 | -1 | -0 | -3 | -0 | 1 | -2 | -0 | -23 | -1 | 1 | 1 | 3 | 1 | -4 | -0 | 7 | 1 | 1 | 3 | 9 | 4 | 1 | 2 | 4 | 5 | 2 | 2 | 5 | 4 | -4 | 0 | 8 | 4 | -9 | 2 |
| EPS ₹ | 1.93 | 1.37 | 0.70 | 1.36 | 3.51 | 0.43 | -0.60 | -0.40 | -0.13 | -1.43 | -0.11 | 0.65 | -0.81 | -0.05 | -11.99 | -0.40 | 0.26 | 0.57 | 1.59 | 0.66 | -2.05 | -0.02 | 3.21 | 0.40 | 0.25 | 1.42 | 4.31 | 1.83 | 0.36 | 0.85 | 1.68 | 2.12 | 0.74 | 0.99 | 2.30 | 2.06 | -1.84 | 0.05 | 3.76 | 1.74 | -2.64 | -1.60 |
| Revenue YoY | — | — | — | — | — | — | -62.9% | 392.1% | 100.9% | -45.4% | 279.0% | 43.8% | -38.9% | -23.1% | — | — | — | 2687.1% | — | — | — | -27.9% | -19.7% | -7.6% | 18.7% | 49.3% | 27.0% | -1.4% | -11.8% | -2.7% | -7.2% | 5.7% | 31.4% | 20.6% | 30.7% | 31.9% | -15.0% | 13.0% | 16.1% | 3.4% | 8.1% | -22.0% |
| Profit YoY | — | — | — | — | 82.2% | -68.5% | -186.0% | -129.4% | -103.6% | -432.1% | — | — | — | — | — | -161.4% | — | — | — | — | -972.5% | -102.4% | 101.7% | -38.7% | — | — | 34.1% | 356.3% | 42.6% | -40.3% | -61.0% | 15.4% | 109.1% | 16.3% | 36.8% | -2.4% | -347.2% | -95.3% | 63.5% | -15.2% | — | 2050.0% |
Returns & margins
trailing-twelve-month, per quarter| JUN '20 | SEP '20 | DEC '20 | MAR '21 | JUN '21 | SEP '21 | DEC '21 | MAR '22 | JUN '22 | SEP '22 | DEC '22 | MAR '23 | JUN '23 | SEP '23 | DEC '23 | MAR '24 | JUN '24 | SEP '24 | DEC '24 | MAR '25 | JUN '25 | SEP '25 | DEC '25 | MAR '26 | JUN '26 | SEP '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | — | — | — | — | — | — | — | — | — | 16.4% | 19.1% | 20.1% | 21.7% | 23.6% | 23.9% | 21.8% | 24.0% | 19.8% | 21.8% | 21.5% | 21.7% | 20.6% | 20.4% | 19.0% | 21.3% | 21.8% |
| ROCE | — | — | — | — | — | — | — | — | — | 17.2% | 19.8% | 20.6% | 22.1% | 25.3% | 24.5% | 22.1% | 23.6% | 20.0% | 21.7% | 21.5% | 21.9% | 22.1% | 22.2% | 19.2% | 21.2% | 19.5% |
| Net margin | -0.7% | -0.2% | 0.1% | 1.2% | 2.3% | 2.5% | 2.4% | 2.5% | 3.3% | 3.1% | 3.6% | 4.6% | 4.9% | 5.2% | 5.3% | 5.1% | 5.3% | 5.5% | 5.6% | 5.5% | 5.4% | 5.5% | 5.3% | 5.5% | 5.8% | 6.2% |
| EBITDA margin | 3.0% | 3.6% | 3.0% | 4.1% | 5.1% | 5.0% | 5.6% | 5.2% | 6.1% | 6.1% | 7.0% | 8.1% | 8.5% | 9.0% | 8.8% | 9.0% | 9.0% | 8.9% | 8.9% | 9.0% | 8.9% | 9.2% | 9.0% | 9.2% | 9.7% | 9.9% |
| Debt / equity | — | — | — | — | — | — | — | — | — | 0.72 | 0.72 | 0.62 | 0.62 | 0.51 | 0.51 | 0.56 | 0.56 | 0.47 | 0.47 | 0.48 | 0.48 | 0.38 | 0.38 | 0.47 | 0.47 | 0.58 |
| Interest coverage | 0.83 | 0.95 | 0.92 | 1.28 | 1.93 | 2.31 | 2.58 | 2.84 | 3.53 | 3.26 | 3.45 | 3.70 | 3.73 | 3.63 | 3.51 | 3.31 | 3.40 | 3.57 | 3.59 | 3.70 | 3.62 | 3.70 | 3.80 | 4.00 | 4.44 | 4.93 |
| Asset turnover | — | — | — | — | — | — | — | — | — | 2.00 | 2.01 | 1.77 | 1.80 | 1.86 | 1.86 | 1.73 | 1.81 | 1.64 | 1.77 | 1.74 | 1.80 | 1.72 | 1.78 | 1.55 | 1.64 | 1.46 |
Balance sheet
equity vs borrowings over time · ₹ crore| SEP '22 | MAR '23 | SEP '23 | MAR '24 | SEP '24 | MAR '25 | SEP '25 | MAR '26 | SEP '26 | |
|---|---|---|---|---|---|---|---|---|---|
| Share capital | 22 | 22 | 22 | 22 | 23 | 23 | 23 | 23 | 46 |
| Other equity / reserves | 606 | 701 | 712 | 780 | 1,040 | 1,133 | 1,265 | 1,437 | 1,620 |
| Total equity | 628 | 722 | 733 | 802 | 1,063 | 1,156 | 1,288 | 1,460 | 1,666 |
| Borrowings | 455 | 448 | 374 | 445 | 498 | 552 | 494 | 687 | 958 |
| Current liabilities | 779 | 817 | 789 | 883 | 976 | 1,118 | 1,125 | 1,399 | 1,877 |
| Non-current liabilities | 216 | 221 | 230 | 285 | 292 | 331 | 387 | 408 | 475 |
| Total assets | 1,651 | 1,781 | 1,772 | 1,985 | 2,342 | 2,596 | 2,783 | 3,245 | 3,986 |
| Property, plant & equipment | 283 | 288 | 489 | 531 | 563 | 646 | 702 | 737 | 772 |
| Capital work-in-progress | 21 | 33 | 37 | 35 | 40 | 44 | 53 | 110 | 226 |
| Investments | 84 | 60 | 94 | 30 | 169 | 24 | 161 | 36 | 140 |
| Inventories | 481 | 513 | 301 | 503 | 487 | 705 | 680 | 882 | 1,056 |
| Receivables | 154 | 209 | 273 | 265 | 416 | 324 | 377 | 407 | 795 |
| Cash & equivalents | 150 | 256 | 293 | 328 | 309 | 510 | 426 | 704 | 550 |
Cash flow
annual · ₹ crore · line = free cash flow| 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 |
| Dividends paid | 0 | 8 | 49 | 25 | 60 |
Where the assets sit
Sep '26 · ₹ crorePeer comparison
largest in Textiles · this company in bold| Company | Market cap ₹cr | Price | P/E | P/B | ROE |
|---|---|---|---|---|---|
| Page Industries Ltd. | 40,076 | 35,930.00 | 53.0 | 26.67 | 50.3% |
| K.P.R. Mill Ltd. | 39,799 | 1,164.40 | 153.9 | 6.40 | 4.2% |
| Welspun Living Ltd. | 22,796 | 241.30 | 52.6 | 4.50 | 8.6% |
| Vardhman Textiles Ltd. | 14,496 | 508.80 | 14.2 | 1.31 | 9.2% |
| Arvind Limited | 13,459 | 494.75 | 29.3 | 3.17 | 10.8% |
| Pearl Global Industries Limited | 12,368 | 1,338.80 | 34.1 | 7.42 | 21.8% |
| Trident Ltd. | 12,169 | 23.88 | 25.4 | 2.50 | 9.8% |
| Indo Count Industries Limited | 9,702 | 489.85 | 49.7 | 3.81 | 7.7% |
| PDS Limited | 5,703 | 403.90 | 43.9 | 3.17 | 7.2% |
| Gokaldas Exports Limited | 5,005 | 682.95 | — | 2.18 | 0.0% |
StoxGud checklist: Bullish setup · 9/10
- Price above 50-day average
- Price above 200-day average
- 50-day average above 200-day (uptrend)
- RSI in healthy 40–70 zone
- Positive 1-year return
- Return on equity above 15%
- Debt to equity below 1
- Revenue growing year on year
- Net profit margin above 10%
- P/E below industry median
A rules-based screen of trend, momentum, quality and valuation. Educational only — not a buy or sell recommendation.
Returns & technicals
FAQs
What is the share price of Pearl Global Industries Limited?
Pearl Global Industries Limited (PGIL) closed at ₹1,338.80 on NSE on 06 Nov 2026.
What is the market cap of Pearl Global Industries Limited?
₹12,368 crore at the latest close.
What is the P/E ratio of Pearl Global Industries Limited?
34.1, on trailing-twelve-month earnings from its filings.
How fast is Pearl Global Industries Limited growing?
Pearl Global Industries Limited: revenue has compounded at 16.7% a year over three years; net profit at 23.0% a year. Latest-quarter revenue is up 37.2% year on year, profit up 71.5%.
How profitable is Pearl Global Industries Limited?
On a trailing-twelve-month basis return on equity is 21.8%, return on capital employed 19.5%, operating margin 9.9%, net margin 6.2%.
How much debt does Pearl Global Industries Limited have?
Pearl Global Industries Limited is moderately geared: debt to equity is 0.58 with borrowings of ₹958 cr against cash of ₹550 cr (balance sheet of 2026-09-30). Operating profit covers interest 4.9 times.
Financials parsed from Pearl Global Industries Limited's own XBRL filings to NSE (consolidated), ₹ crore unless marked. Quarterly from MAR '18, annual from FY18, balance sheet from Sep '22. * = derived (full year or half year minus earlier quarters). Information only, not investment advice.