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Pearl Global Industries Limited
(PGIL)
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Rating:64Neutral
Price Target:
₹2,223.00
▲(37.04% Upside)
Action:Reiterated
Date:06/25/26
The score is driven primarily by solid financial progress (growth, improved margins, and moderating leverage) but held back by inconsistent cash-flow conversion and gross-margin volatility. Technicals are supportive due to a strong uptrend, though overbought readings raise near-term risk. A relatively high P/E and low yield further constrain the overall rating.
Positive Factors
Multi-year revenue growth
Sustained revenue expansion since 2022 indicates durable demand and successful win-rate with brand/retailer customers. Multi-year top-line growth supports higher capacity utilization, scale benefits for manufacturing, and provides a foundation for predictable margins and reinvestment over the medium term.
Negative Factors
Inconsistent free cash flow & cash conversion
Volatile FCF and low cash conversion versus reported earnings point to working-capital swings or higher reinvestment needs. This weakens earnings quality, limits reliable internal funding for growth or debt reduction, and raises execution risk if revenue or margins soften.
Read all positive and negative factors
Positive Factors
Negative Factors
Multi-year revenue growth
Sustained revenue expansion since 2022 indicates durable demand and successful win-rate with brand/retailer customers. Multi-year top-line growth supports higher capacity utilization, scale benefits for manufacturing, and provides a foundation for predictable margins and reinvestment over the medium term.
Read all positive factors
Pearl Global Industries Limited (PGIL) vs. iShares MSCI India ETF (INDA)
Market Cap
₹92.18B
Dividend Yield0.77%
Average Volume (3M)4.36K
Price to Earnings (P/E)34.0
Beta (1Y)1.49
Revenue Growth11.50%
EPS Growth9.69%
CountryIN
Employees9,092
SectorGeneral
Sector StrengthN/A
IndustryApparel - Manufacturers
Share Statistics
EPS (TTM)60.33
Shares Outstanding46,184,116
10 Day Avg. Volume1,886
30 Day Avg. Volume4,360
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 TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)73.5
Revenue Forecast (FY)₹56.78B
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, earning revenue from contracted orders where it converts fabrics and trims into finished apparel and delivers them to customers. Its...
Pearl Global Industries Limited Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
70
Positive
Cash Flow
56
Neutral
| Breakdown | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 50.25B | 45.06B | 34.36B | 31.58B | 27.14B |
| Gross Profit | 13.47B | 21.34B | 5.78B | 15.29B | 9.00B |
| EBITDA | 4.64B | 4.04B | 3.17B | 3.09B | 1.95B |
| Net Income | 2.78B | 2.48B | 1.75B | 1.49B | 681.46M |
Balance Sheet | |||||
| Total Assets | 32.45B | 25.96B | 19.85B | 17.81B | 17.81B |
| Cash, Cash Equivalents and Short-Term Investments | 7.81B | 5.66B | 3.66B | 3.00B | 1.55B |
| Total Debt | 9.43B | 7.73B | 5.88B | 5.58B | 6.45B |
| Total Liabilities | 18.07B | 14.49B | 11.68B | 10.38B | 11.66B |
| Stockholders Equity | 14.60B | 11.56B | 8.02B | 7.22B | 5.99B |
Cash Flow | |||||
| Free Cash Flow | 1.48B | 562.89M | 2.23B | 2.77B | -1.75B |
| Operating Cash Flow | 3.34B | 1.76B | 3.52B | 3.65B | -914.98M |
| Investing Cash Flow | -1.75B | -1.04B | -1.28B | -256.99M | -396.32M |
| Financing Cash Flow | 342.75M | 1.01B | -1.52B | -2.00B | 1.53B |
Pearl Global Industries Limited Technical Analysis
Positive
1622.20
Price Trends
1732.26
Positive
1625.91
Positive
1561.34
Positive
Market Momentum
86.98
Positive
66.54
Neutral
51.17
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 1622.2 is below the 20-day moving average (MA) of 1929.97, below the 50-day MA of 1732.26, and above the 200-day MA of 1561.34, indicating a bullish trend. The MACD of 86.98 indicates Positive momentum. The RSI at 66.54 is Neutral, neither overbought nor oversold. The STOCH value of 51.17 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 |
|---|---|---|---|---|---|---|---|
71 Outperform | ₹137.91B | 34.45 | ― | 1.18% | 11.70% | 17.01% | |
64 Neutral | ₹92.18B | 33.97 | ― | 0.77% | 11.50% | 9.69% | |
61 Neutral | ₹61.04B | 62.36 | ― | ― | 3.19% | -38.40% | |
60 Neutral | ₹42.06B | 0.78 | ― | 2.31% | -36.68% | -30.03% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
46 Neutral | ₹62.46B | -8.47 | ― | ― | 0.16% | 8.86% | |
42 Neutral | ₹30.59B | 527.17 | ― | 0.27% | -32.14% | -95.80% |
* General Sector Average
IN:PGIL
Pearl Global Industries Limited
2,050.50
518.37
33.83%
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Pearl Global Industries Limited Corporate Events
Pearl Global’s Independent Director Neha Khanna to Step Down After Completion of Tenure
Jun 20, 2026
Pearl Global Industries has announced that independent director Neha Khanna will cease to serve on its board with effect from the close of business on June 20, 2026, following the completion of her five-year tenure that began on June 21, 2021. Her...
Pearl Global Announces Resignation of Whole-Time Director Shailesh Kumar
Jun 6, 2026
Pearl Global Industries Limited has announced that Whole-Time Director Shailesh Kumar has resigned from the board, effective from the close of business hours on June 6, 2026. The company stated that Kumar is leaving to pursue other growth opportun...
Pearl Global Industries Closes Trading Window Ahead of FY 2026 Results
Mar 31, 2026
Pearl Global Industries has announced that its trading window for dealings in the company’s securities will be closed for all insiders, designated persons, and their immediate relatives from April 1, 2026, until 48 hours after the announceme...
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.