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Pearl Global Industries Ltd share Price Today

Company details

624.50
658.55
258.00
735.40
6M Return 1.44%
1Y Return 123.73%
Mkt Cap.(Cr) 2,758.87
Volume 35,980
Div Yield 0.00%
OI
-
OI Chg %
-
Volume 35,980

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Apparels & Accessories company Pearl Global Industries announced FY24 results:

  • Revenue grew by 8.8% YoY to Rs 3,436.2 crore in FY24 driven by a 21% YoY increase in overseas revenue
  • Adjusted EBITDA (excl. ESOP expense) for FY24 stood at Rs 316.4 crore, an increase of 22.5% YoY
  • Enhancements in operational efficiency contributed to increased revenue in Bangladesh, leading to economies of scale and consequently improving the EBITDA margin from international operations
  • FY24 Adjusted EBITDA Margin stood at 9.2%, a growth 100 bps YoY. The growth was achieved on the back of:
    • Continues improvement based on better operational efficiency
    • Increased profitability due to improving efficiency in Bangladesh and Vietnam units
  • ROCE improved to 28.2% in FY24 from 24.2% in FY23, a growth 400 bps YoY. The growth was achieved on the back of:
    • Prudent capital allocation policy
    • Profitability at group level
    • Efficient working capital management
  • Working Capital Days declined to 30 days as on 31st March 2024 from 38 days as on 31st March 2023

Commenting on the Results, Pallab Banerjee, Managing Director said, “We are pleased to announce that our FY24 performance has witnessed strong growth year-over-year across all metrics. Our group level Adjusted EBITDA crossed Rs 300 crore mark on a full year basis. Increased profitability from our overseas operations, combined with a better product mix and enhanced operational efficiency, has boosted our EBIDTA margin (excluding ESOP expenses) by 100 basis points year-over-year. Our steadfast commitment to maintaining a multinational presence and implementing sustainable practices is crucial for successfully navigating today’s dynamic business environment. With our extensive geographic reach and strong relationships with esteemed clients, we are well-positioned to consistently deliver outstanding results.”

Result PDF

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Pearl Global Industries Ltd shares SWOT Analysis

Strengths (7)

  • Effectively using its capital to generate profit - RoCE improving in last 2 years
  • Effectively using Shareholders fund - Return on equity (ROE) improving since last 2 year
  • Efficient in managing Assets to generate Profits - ROA improving since last 2 year

Weakness (2)

  • MACD Crossover Below Signal Line
  • Declining Net Cash Flow : Companies not able to generate net cash

Opportunity (2)

  • Negative to Positive growth in Sales and Profit with Strong Price momentum
  • Highest Recovery from 52 Week Low

Threats (2)

  • Promoter decreasing their shareholding
  • Increasing Trend in Non-Core Income

Resistance and support

R1 652.9
R2 672.7
R3 686.9
Pivot

638.68

S1 618.8
S2 604.6
S3 584.8
EMA SMA
636.0
621.8
609.3
562.3
638.5
612.9
609.1
598.7
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
PARAM CAPITAL Bulk Purchase 2021-11-16 349.99 250000 NSE
PREMIER INVESTMENT FUND LIMITED Bulk Sell 2021-11-16 350 150000 NSE
PARAM CAPITAL Bulk Purchase 2021-07-28 351.25 500000 NSE
Name Category Shares
Pulkit Seth PROMOTER 31.88%
Payel Seth PROMOTER 20.25%
Deepak Kumar Seth PROMOTER 13.13%
Shifalli Seth PROMOTER 0.92%

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
Operating Profit
Profit after Tax
PE
Debt/Equity
P BV

Pearl Global Industries Ltd Stocks COMPARISON

Financials( in Cr) Pearl Global Industries Ltd Page Industries Ltd K P R Mill Ltd Gokaldas Exports Ltd Kewal Kiran Clothing Ltd
Price 633.00 38,512.70 851.95 812.95 704.60
% Change -3.43 -0.82 -0.86 0.22 -1.23
Mcap Cr 2,758.87 42,957.07 29,120.84 5,782.11 4,342.10
Revenue TTM Cr 3,158.41 4,788.64 6,208.06 2,222.20 779.45
Net Profit TTM Cr 152.99 571.25 814.10 172.97 119.02
PE TTM 15.74 75.41 36.16 44.11 28.21
1 Year Return 123.73 0.33 33.49 70.61 39.76
ROCE 19.73 53.56 26.10 21.20 27.84
ROE 23.16 46.45 22.66 19.58 23.22
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 722.46 Cr FV: 5.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 34,088.77 -1,030.79
LAST 3M 113,155.52 -39,495.50
LAST 6M 184,812.44 -13,263.60
LAST 12M 291,038.85 99,015.20

Pearl Global Industries Ltd Information

Stock PE (TTM)
15.74
Promoter Holding
66.19%
Book Value
183.9655
ROCE
19.73%
ROE
23.16%
Description
  • Pearl Global Industries Limited (PGIL) (Formerly known as House of Pearl Fashions Limited) is one of the India`s largest listed garment exporters, manufacturing from multiple sourcing regions within India and countries within South Asia. The Company is a worldwide clothing manufacturing corporation that provides end-to-end supply chain solutions to global brands with its integrated production capabilities centered on Design and Development, Global Manufacturing, Marketing and Distribution, and Sourcing and Supply Chain. It has 21 state-of-the-art manufacturing plants across 4 countries including India (Gurgaon, Chennai and Bengaluru), Indonesia, Bangladesh, Vietnam and has design centres in India, Indonesia, Bangladesh, Vietnam, U.S.A, Spain, Hong Kong and U.K. The Company is a multinational, ready to wear apparel manufacturing conglomerate. The company is operating in three distinct business streams namely manufacturing, marketing and Distribution and souring of garments. They also provide supply chain solutions for the fashion industry globally along with warehousing & distribution networks in the UK & US. The company conducts their business through their subsidiaries in India as well as overseas. The company product offering includes various kinds of knits, woven sweaters and bottoms in the men, women and kids wear categories. They are servicing 82 retailers across the globe with a healthy spread between USA, Latin America & Europe. Some leading customers include GAP, JC Penney, Banana Republic, ASDA-Wal-Mart, Kohl`s, Esprit, Next to name a few. The company has marketing and distribution offices in UK, US and Hong Kong. These offices oversee the marketing and merchandizing teams across Canada, Europe, Hong Kong, UK and US. The company has developed their own brands, DCC and Kool Hearts in US. They also own warehousing and processing units in UK and US with a combined capability to handle two million garments per month. These warehouses have processing facilities and local distribution infrastructure. Also, the company has fabric development centres in China and India as well as design and product development teams in India, UK, US and Hong Kong. The Company was incorporated as a Private Limited Company under the name `Minia Estates Pvt Ltd` on July 5, 1989. The name of the company was changed to House of Pearl Fashions Pvt Ltd on May 9, 2006. The Company became a Public Limited Company of June 28, 2006. In June 1988, the Company established their international presence by incorporating Norwest Industries Ltd in Hong Kong which is engaged in the trading of garments. In the year, they set up a sourcing office in China in the same year. In October 2003, Pacific Logistics was incorporated in UK which is engaged in the business of logistics and warehousing. In May 2004, Nor Pearl and Norp Knit were incorporated as the subsidiaries in Bangladesh which are engaged in the manufacture of knit garments for export. In the year 2005, they set up a sourcing office in Bangladesh. In March 2006, Global Textiles Group was incorporated in Mauritius. In July 2006, House of Pearl Fashions US Ltd was incorporated in USA which is engaged in trading of garments. During the year 2006-07, Pearl Global Ltd, the subsidiary company set up a new state-of-the-art bottom manufacturing facility in MEPZ Chennai and acquired an existing knits & woven facility in Gurgaon with a capacity of 3 million pieces each per annum. The company also acquired a new warehouse in Milton Keynes, UK. During the year 2007-08, the company acquired 50% stake in the UK based marketing company, FX Import Ltd through their UK subsidiary Poeticgem Ltd to penetrate high fashion mid segment apparel retailers. They also set up a subsidiary in Hong Kong, Zamira Fashion Ltd to target high end fashion retailers in Europe, especially in the French market. The company won the best Corporate Social Responsibility award from JC penny, one of their main customers during the year. In January 2008, the company signed a Memorandum of Understanding (MOU) to acquire 75% stake in the Hong Kong-based marketing company, Simple Approach Ltd inorder to expand their customer base into high fashion mid market segment. In August 2008, LERROS Fashions India Pvt Ltd, a Joint Venture with LERROS Moden Gmbh, Germany, launched their first store in India. The Company, through its wholly owned subsidiary Multinational Textile Group Ltd., acquired 30% stake in the Premier Pearl Garment Joint Stock Company, Vietnam. Multinational Textile Group Ltd. formed a Joint Venture Company "Pearl GES Group Limited" with GES Corp to source Home Decor products from South American Market. Further, Pearl GES Group Limited formed a subsidiary "Pearl GES Home Group Limited" in Hong Kong. Pearl GES Home Group Limited, further incorporated a wholly owned subsidiary company in Chile in the name of "Pearl GES Home Group SPA" in 2008-09. The Company through Multinational Textile Group Ltd. formed Simple Approach Limited in Hong Kong. Multinational Textile Group Ltd. formed a wholly owned subsidiary "Magic Global Fashions Ltd" in Hong Kong to target Denim and young fashion in France, Holland and Germany. The company set up one sub-subsidiary in UK in the name of Poetic Knitwear Limited, subsidiary of Poeticgem Limited for trading activities. Zamira Fashions Limited, Hong Kong, a sub-subsidiary of the company formed a new company in United Kingdom in the name of "Zamira Fashions Europe Limited". Pearl Global Ltd, a subsidiary Company has also incorporated a new Company "Pearl Global Fareast Ltd" in Hongkong for sourcing and trading of garments from Fareast Countries. The Company has already entered into retail chain business in India through its Joint Venture Lerros Fashions India Pvt. Ltd, with German brand "LERROS" after receipt of regulatory approval of Government. This Company already opened 8 stores in Metro Cities and 11 shop in shop in India. Lerros Fashions India Pvt. Ltd. became subsidiary of the Company w.e.f. 31st March 2009. The company enhanced manufacturing capacities at Gurgaon, Chennai and Bangladesh during the financial year 2010-11. During the year 2019-20, M/s SBUYS E-Commerce Limited became wholly owned subsidiary of the Company. During the year 2021-22, Pearl Global USA Inc., USA became a wholly owned subsidiary of the Company and subsidiary, Pearl Global (Changzhou) Textile Technolgy Co. Ltd., China, was liquidated voluntarily.

Registered Address

A-3 Community Centre Phase II, Naraina Industrial Area, New Delhi, New Delhi, 110028

Email : investor.pgil:pearlglobal.com; sandeep.sabharwal:p
Website : http://www.pearlglobal.com
Registrar

Link Intime India Pvt Ltd

AGM Date (Month) : Jul
Face Value Equity Shares : 5
Market Lot Equity Shares : 1
BSE Code : 532808
NSE Code : PGIL
Book Closure Date (Month) : Jul/Aug
BSE Group : B
ISIN : INE940H01022

FAQ’s on Pearl Global Industries Ltd Shares

You can buy Pearl Global Industries Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Pearl Global Industries Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Jun 14, 2024 03:58 PM the closing price of Pearl Global Industries Ltd was Rs.633.00.

The latest PE ratio of Pearl Global Industries Ltd as of Jun 14, 2024 03:58 PM is 15.74

The latest PB ratio of Pearl Global Industries Ltd as of Jun 14, 2024 03:58 PM is 0.29

The 52-week high of Pearl Global Industries Ltd share price is Rs. 735.40 while the 52-week low is Rs. 258.00

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of Jun 14, 2024 03:58 PM, the market cap of Pearl Global Industries Ltd stood at Rs. 2,758.87.

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