NSEI:PGIL

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Pearl Global Industries

Executive Summary

Pearl Global Industries Limited, together with its subsidiaries, manufactures and exports readymade garments.


Snowflake Analysis

Proven track record and fair value.


Similar Companies

Share Price & News

How has Pearl Global Industries's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: PGIL's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

2.8%

PGIL

10.9%

IN Luxury

7.4%

IN Market


1 Year Return

-39.6%

PGIL

-20.0%

IN Luxury

-17.6%

IN Market

Return vs Industry: PGIL underperformed the Indian Luxury industry which returned -20% over the past year.

Return vs Market: PGIL underperformed the Indian Market which returned -17.6% over the past year.


Shareholder returns

PGILIndustryMarket
7 Day2.8%10.9%7.4%
30 Day1.8%10.5%6.7%
90 Day-16.8%-20.3%-11.1%
1 Year-38.4%-39.6%-19.4%-20.0%-16.0%-17.6%
3 Year-16.7%-21.0%2.2%-0.05%-5.4%-10.4%
5 Year-50.9%-54.6%49.0%45.7%19.3%8.0%

Price Volatility Vs. Market

How volatile is Pearl Global Industries's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Pearl Global Industries undervalued compared to its fair value and its price relative to the market?

3.76x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: PGIL (₹100) is trading above our estimate of fair value (₹32.97)

Significantly Below Fair Value: PGIL is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: PGIL is good value based on its PE Ratio (3.8x) compared to the Luxury industry average (8.5x).

PE vs Market: PGIL is good value based on its PE Ratio (3.8x) compared to the Indian market (10.4x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate PGIL's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: PGIL is good value based on its PB Ratio (0.4x) compared to the IN Luxury industry average (0.5x).


Next Steps

Future Growth

How is Pearl Global Industries forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

16.7%

Forecasted Consumer Durables industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Pearl Global Industries has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has Pearl Global Industries performed over the past 5 years?

13.0%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: PGIL has a large one-off gain of ₹184.3M impacting its December 31 2019 financial results.

Growing Profit Margin: PGIL's current net profit margins (3.5%) are higher than last year (2.8%).


Past Earnings Growth Analysis

Earnings Trend: PGIL's earnings have grown by 13% per year over the past 5 years.

Accelerating Growth: PGIL's earnings growth over the past year (20.2%) exceeds its 5-year average (13% per year).

Earnings vs Industry: PGIL earnings growth over the past year (20.2%) exceeded the Luxury industry 6.4%.


Return on Equity

High ROE: PGIL's Return on Equity (11.9%) is considered low.


Next Steps

Financial Health

How is Pearl Global Industries's financial position?


Financial Position Analysis

Short Term Liabilities: PGIL's short term assets (₹6.7B) exceed its short term liabilities (₹4.7B).

Long Term Liabilities: PGIL's short term assets (₹6.7B) exceed its long term liabilities (₹2.3B).


Debt to Equity History and Analysis

Debt Level: PGIL's debt to equity ratio (73.7%) is considered high.

Reducing Debt: PGIL's debt to equity ratio has increased from 51% to 73.7% over the past 5 years.

Debt Coverage: PGIL's debt is not well covered by operating cash flow (15.8%).

Interest Coverage: PGIL's interest payments on its debt are not well covered by EBIT (1.6x coverage).


Balance Sheet


Next Steps

Dividend

What is Pearl Global Industries's current dividend yield, its reliability and sustainability?

3.00%

Current Dividend Yield


Dividend Yield vs Market

Notable Dividend: PGIL's dividend (3%) is higher than the bottom 25% of dividend payers in the Indian market (0.82%).

High Dividend: PGIL's dividend (3%) is low compared to the top 25% of dividend payers in the Indian market (3.37%).


Stability and Growth of Payments

Stable Dividend: PGIL has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: PGIL's dividend payments have increased, but the company has only paid a dividend for 7 years.


Current Payout to Shareholders

Dividend Coverage: With its low payout ratio (11.3%), PGIL's dividend payments are thoroughly covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

7.0yrs

Average management tenure


CEO

Pulkit Seth (39yo)

7yrs

Tenure

₹12,050,400

Compensation

Mr. Pulkit Seth serves as the Managing Director of Pearl Global Industries Limited since June, 2013. Mr. Seth has been Managing Director of Pearl Global Limited since April 1, 2005. Mr. Seth has been Manag ...


CEO Compensation Analysis

Compensation vs Market: Pulkit's total compensation ($USD159.95K) is above average for companies of similar size in the Indian market ($USD50.46K).

Compensation vs Earnings: Pulkit's compensation has been consistent with company performance over the past year.


Leadership Team

NamePositionTenureCompensationOwnership
Pulkit Seth
Vice-Chairman & MD7yrs₹12.05m32.07% 694.8m
Raghav Garg
Chief Financial Officer1.33yrs₹5.17mno data
Manish Sareen
Senior Vice President of Marketing & Operationsno datano datano data
Sandeep Sabharwal
Company Secretary12.08yrs₹1.79mno data
Ashutosh Sharma
Assistant Vice President of Human Resourceno datano datano data
Shifalli Seth
Whole-Time Director8.42yrs₹7.55m0.93% 20.1m
Pankaj Bhasin
Chief Executive Officer of Sampling & Merchandisingno datano datano data
Amit Mohan
Group Chief Financial Officerno datano datano data
Sumit Kumar
Executive Assistant Chairmanno datano datano data
Sundeep Chatrath
Chief Operating Officer of Knits Division - Indiano datano datano data

7.0yrs

Average Tenure

40yo

Average Age

Experienced Management: PGIL's management team is seasoned and experienced (7 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Pulkit Seth
Vice-Chairman & MD7yrs₹12.05m32.07% 694.8m
Shifalli Seth
Whole-Time Director8.42yrs₹7.55m0.93% 20.1m
Chittranjan Dua
Non-Executive Independent Director13.75yrs₹40.00kno data
Anil Nayar
Non-Executive Independent Director8.42yrs₹40.00kno data
Deepak Seth
Non-Executive Chairmanno data₹10.00k13.21% 286.2m
Rajendra Aneja
Non-Executive Independent Director13.75yrs₹10.00kno data
Abhishek Goyal
Non-Executive Independent Director3.08yrs₹50.00kno data
Madhulika Bhupatkar
Additional Independent Woman Director0.25yrno datano data

8.4yrs

Average Tenure

65.5yo

Average Age

Experienced Board: PGIL's board of directors are considered experienced (8.4 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

Pearl Global Industries Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Pearl Global Industries Limited
  • Ticker: PGIL
  • Exchange: NSEI
  • Founded: 1987
  • Industry: Apparel, Accessories and Luxury Goods
  • Sector: Consumer Durables
  • Market Cap: ₹2.166b
  • Shares outstanding: 21.66m
  • Website: https://www.pearlglobal.com

Location

  • Pearl Global Industries Limited
  • Pearl Tower
  • Plot No. 51
  • Gurugram
  • Haryana
  • 122001
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
532808BSE (Mumbai Stock Exchange)YesEquity SharesININRFeb 2007
PGILNSEI (National Stock Exchange of India)YesEquity SharesININRFeb 2007

Biography

Pearl Global Industries Limited, together with its subsidiaries, manufactures and exports readymade garments. The company offers knits, woven, and bottoms for men, women, and kids. It also provides supply chain solutions. The company offers its products through retailers in India, the United States, Europe, Bangladesh, Indonesia, Hong Kong, Vietnam, Spain, the United Kingdom, and internationally. It also offers products through its e-commerce portal SbuyS.in, as well as through other online retail platforms. The company was formerly known as House of Pearl Fashions Limited. Pearl Global Industries Limited was founded in 1987 and is based in Gurugram, India. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/06/04 05:59
End of Day Share Price2020/06/03 00:00
Earnings2019/12/31
Annual Earnings2019/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.