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Pearl Global Industries Limited
(PGIL)
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Rating:67Neutral
Price Target:
₹1,437.00
▼(-38.83% Downside)
Action:Reiterated
Date:09/12/26
The score is driven primarily by solid financial performance with strong growth and improved profitability, but tempered by margin and free-cash-flow variability. Technicals are supportive with price above major moving averages and positive momentum, while valuation is a meaningful headwind due to the high P/E and modest dividend yield.
Positive Factors
Sustained Revenue Growth
Sustained revenue expansion indicates that PGIL is increasing business volumes and maintaining demand across its apparel manufacturing and export activities. Continued growth can improve factory utilization, support operating leverage, and strengthen the company’s ability to deepen relationships with global brands and retailers.
Negative Factors
Gross Margin Volatility
The sharp gross-margin decline makes earnings less predictable even though revenue and net profitability have improved. If pricing or input-cost pressure persists, PGIL may need to sacrifice profitability to retain orders, limiting operating leverage and weakening the durability of recent earnings gains.
Read all positive and negative factors
Positive Factors
Negative Factors
Sustained Revenue Growth
Sustained revenue expansion indicates that PGIL is increasing business volumes and maintaining demand across its apparel manufacturing and export activities. Continued growth can improve factory utilization, support operating leverage, and strengthen the company’s ability to deepen relationships with global brands and retailers.
Read all positive factors
Pearl Global Industries Limited (PGIL) vs. iShares MSCI India ETF (INDA)
Market Cap
₹118.26B
Dividend Yield0.56%
Average Volume (3M)11.19K
Price to Earnings (P/E)38.0
Beta (1Y)1.69
Revenue Growth13.75%
EPS Growth22.95%
CountryIN
Employees10,256
SectorGeneral
Sector StrengthN/A
IndustryApparel - Manufacturers
Share Statistics
EPS (TTM)33.67
Shares Outstanding92,381,080
10 Day Avg. Volume11,354
30 Day Avg. Volume11,189
Financial Highlights & Ratios
PEG Ratio2.29
Price to Book (P/B)4.27
Price to Sales (P/S)1.24
P/FCF Ratio42.18
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
₹1,600.00Price Target Upside-31.89% Downside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)35.76
Revenue Forecast (FY)₹58.68B
Pearl Global Industries Limited Business Overview & Revenue Model
Company Description
Pearl Global Industries Limited, along with its associated entities, is engaged in the manufacturing and worldwide export of ready-to-wear clothing. The company's diverse product range includes knitted, woven, and bottom-wear garments designed for...
How the Company Makes Money
PGIL primarily makes money by manufacturing and supplying finished garments to fashion brands and large retailers on a business-to-business (B2B) basis. Revenue is earned when customer purchase orders are fulfilled and garments are shipped/deliver...
Pearl Global Industries Limited Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
70
Positive
Cash Flow
56
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 53.25B | 50.25B | 45.06B | 34.36B | 31.58B | 27.14B |
| Gross Profit | 17.65B | 13.47B | 21.34B | 5.78B | 15.29B | 9.00B |
| EBITDA | 5.38B | 4.64B | 4.04B | 3.17B | 3.27B | 1.95B |
| Net Income | 3.10B | 2.78B | 2.48B | 1.75B | 1.49B | 681.46M |
Balance Sheet | ||||||
| Total Assets | 0.00 | 32.45B | 25.96B | 19.85B | 17.81B | 17.81B |
| Cash, Cash Equivalents and Short-Term Investments | 7.47B | 7.47B | 5.66B | 3.66B | 3.00B | 1.55B |
| Total Debt | 0.00 | 9.43B | 7.73B | 5.88B | 5.58B | 6.45B |
| Total Liabilities | -14.38B | 18.07B | 14.49B | 11.68B | 10.38B | 11.66B |
| Stockholders Equity | 14.38B | 14.60B | 11.56B | 8.02B | 7.22B | 5.99B |
Cash Flow | ||||||
| Free Cash Flow | 2.08B | 1.48B | 562.89M | 2.23B | 2.77B | -1.75B |
| Operating Cash Flow | 2.73B | 3.34B | 1.76B | 3.52B | 3.65B | -914.98M |
| Investing Cash Flow | -2.02B | -1.75B | -1.04B | -1.28B | -256.99M | -396.32M |
| Financing Cash Flow | -1.56B | 342.75M | 1.01B | -1.52B | -2.00B | 1.53B |
Pearl Global Industries Limited Technical Analysis
Positive
2349.25
Price Trends
1190.11
Positive
1056.38
Positive
914.28
Positive
Market Momentum
31.92
Positive
58.81
Neutral
33.94
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:PGIL, the sentiment is Positive. The current price of 2349.25 is above the 20-day moving average (MA) of 1236.19, above the 50-day MA of 1190.11, and above the 200-day MA of 914.28, indicating a bullish trend. The MACD of 31.92 indicates Positive momentum. The RSI at 58.81 is Neutral, neither overbought nor oversold. The STOCH value of 33.94 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:PGIL.
Pearl Global Industries Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
67 Neutral | ₹118.26B | 38.04 | ― | 0.56% | 13.75% | 22.95% | |
66 Neutral | ₹138.51B | 32.22 | ― | 0.88% | 15.21% | 12.58% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
50 Neutral | ₹78.95B | 168.07 | ― | 1.92% | -25.55% | -99.34% | |
49 Neutral | ₹48.91B | 47.49 | ― | 0.13% | 7.65% | -41.72% | |
45 Neutral | ₹44.74B | -6.25 | ― | 1.78% | 3.86% | 9.00% | |
44 Neutral | ₹22.93B | -95.84 | ― | 0.43% | -36.44% | -118.03% |
* General Sector Average
IN:PGIL
Pearl Global Industries Limited
1,280.15
627.34
96.10%
IN:ALOKINDS
Alok Industries Limited
9.01
-8.37
-48.16%
IN:ARVIND
Arvind Limited
509.15
226.91
80.40%
IN:GOKEX
Gokaldas Exports Limited
667.40
-104.75
-13.57%
IN:KITEX
Kitex Garments Limited
114.95
-72.17
-38.57%
IN:RAYMOND
Raymond Limited
1,185.95
612.75
106.90%
Pearl Global Industries Limited Corporate Events
Pearl Global Posts Audio Recording of Investor Day 2026 for Public Access
Sep 24, 2026
Pearl Global Industries Limited has notified the stock exchanges that the audio recording of its Investor Day 2026, held on September 24, 2026, has been uploaded to the company’s website. The disclosure, made under Regulation 30 of SEBI̵...
Pearl Global Corrects Board Outcome, Confirms New Whole-Time Director and Bonus Issue Plan
Aug 5, 2026
Pearl Global Industries issued a corrigendum to its earlier board meeting outcome from August 5, 2026, correcting details related to board appointments and shareholder approvals. The company clarified that retired Major General Sandeep Vohra has b...
Pearl Global Posts Q1 FY27 Investor Presentation Online
Aug 5, 2026
Pearl Global Industries Limited has uploaded an investor presentation detailing its unaudited standalone and consolidated financial results for the quarter ended June 30, 2026 on its corporate website. The disclosure, made under SEBI’s Regul...
Pearl Global Board Clears Quarterly Results, Bonus Issue and New Whole-Time Director
Aug 5, 2026
Pearl Global Industries’ board has approved the unaudited standalone and consolidated financial results for the quarter ended June 30, 2026, following recommendations from its audit committee. The company has also appointed Major General San...
Pearl Global Confirms All Resolutions Passed at Digitally Conducted 37th AGM
Jul 21, 2026
Pearl Global Industries Limited, a Gurugram-based textiles and apparel company listed on the BSE and NSE, operates under India’s corporate and securities regulations, reflecting its obligations to public shareholders. The firm’s govern...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.