Pearl Global Industries logo

Pearl Global Industries share price

NSE: PGILBSE: 532808Textiles & ApparelsSmall Cap

Pearl Global Industries Limited · Formerly House of Pearl Fashions · Face value ₹5 · Listed Feb 2007
Last close ₹1,190.80down ₹8.10 (0.68%)BSE ₹1,192.80

Share price at the NSE close on 29 Oct 2026. Previous close ₹1,198.90.

29 Oct: open ₹1,208.70, high ₹1,209.90, low ₹1,172.20

52-week range of traded prices to 29 Oct 2026
₹643.00Low, 7 Nov 2025₹1,357.90High, 28 Sep 2026
Market cap
₹11,001 Cr658th largest listed
P/E
35.45
P/B
7.54
Dividend yield
0.61%
ROE
23.7%
ROCE
19.9%
Debt to equity
0.48
Volume, NSE
79,524

Pearl Global Industries share price chart

Daily closes since Jun 2014, adjusted for splits and bonuses. Earlier closes are left out: on 30 May 2014 a scheme of arrangement changed the share, and its terms are not stated.

+81.3%over a year

ResultsDividendSplit, bonus, rights or demerger20-session average 1,35,593 shares a day, 46.8% delivered

About Pearl Global Industries

Pearl Global Industries Limited, based in Gurugram, designs, develops and manufactures garments for global brands and retailers across the US, Europe, the UK, Japan, Canada and Australia.12 It makes clothes in India, Bangladesh, Vietnam, Indonesia and Guatemala, and has commercial and design offices in Hong Kong, Spain, the UK, the US and the UAE.3

Its range covers womenswear, menswear, children's wear, denim, sportswear, sleepwear, activewear and athleisure, outerwear and performance apparel.1 It works with customers from design and product development through sourcing, manufacturing and delivery, with more than 100 designers across 10 locations.45 It reports its consolidated results in 4 geographic segments: Hong Kong, Bangladesh, India and Vietnam.6

The listed company is the parent of a group that works through wholly owned and majority-owned subsidiaries.7 Its material subsidiaries are Pearl Global (HK) Limited and Norp Knit Industries Limited, a Bangladesh garment maker in which it holds 99.99%.89 Pearl Global Industries FZCO in the UAE is its overseas trading and sourcing arm.9 It began operations in 1987 and was incorporated in 1989.710 Its promoters include chairman Deepak Kumar Seth, vice-chairman Pulkit Seth, Shifalli Seth and Payel Seth; promoters held 61.16% of the shares at the end of Mar 2026.111210

Pearl Global Industries key points

Results

  • In the quarter to Jun 2026, consolidated revenue rose 24.5% from a year earlier to ₹1,528 crore and profit after tax rose 51.4% to ₹99 crore.13
  • Adjusted EBITDA (earnings before interest, tax, depreciation and amortisation), excluding stock option costs, was ₹164 crore in the quarter to Jun 2026, up 44.1%, a margin of 10.7%.14
  • In the year to Mar 2026, consolidated revenue rose 11.5% to ₹5,025 crore, passing ₹5,000 crore for the first time, and profit after tax rose 17.0% to ₹270 crore.1516
  • Consolidated EBITDA was ₹464 crore in the year to Mar 2026, up 14.9%; excluding ₹36 crore of US tariff costs and ₹13 crore of start-up losses at Bihar and Guatemala, the company puts its underlying EBITDA margin at 10.3%.1718

Volumes and prices

  • Pieces shipped. 78.1 million in the year to Mar 2026; 20.8 million in the quarter to Jun 2026, against 17.2 million a year earlier.1913
  • Average price per piece. ₹643 in the year to Mar 2026; ₹735 in the quarter to Jun 2026, against about ₹715 a year earlier, lifted by seasonal outerwear.20

Where revenue comes from

  • Exports are the main business, and the US contributes the most revenue of any country.21
  • On a standalone basis (the Indian company alone), revenue fell to ₹1,081 crore in the year to Mar 2026 after US tariffs put India-made exports at a disadvantage.2223

Plants and capacity

  • At the end of Mar 2026 the group had 25 manufacturing units, 16 in-house and 9 run by partners, with annual capacity of 100.8 million pieces, against 93.1 million a year earlier.242125
  • Bangladesh. The largest base by capacity and workforce: 9 units around Dhaka make more than 59.7 million pieces a year, running at about 85% utilisation (share of capacity in use) in the year to Mar 2026.2627
  • India. 8 owned factories in Gurugram, Chennai, Bengaluru and Muzaffarpur in Bihar, with 25.9 million pieces of annual capacity, which the company says can support revenue of more than ₹1,600 crore.28
  • Vietnam, Indonesia and Guatemala. Vietnam's 5 units make outerwear; Indonesia's 2 units have 4.8 million pieces of capacity; Guatemala's 1 unit, with 3.3 million pieces, is a nearshore base (close to its market) for US customers.2930

Customers and partners

  • It serves more than 30 global brands and retailers, among them PVH, Kohl's, Poligono, Aritzia, Stylem, Primark, Ralph Lauren, Old Navy, GAP, Chico's, Macy's and Target.3121
  • It added 2 new customers in the year to Mar 2026 and is in talks with US retailers.19

Expansion and capital spending

  • On its earnings call of 6 Aug 2026, the company said its Bangladesh expansion and a new garment-washing unit, due to start in September, would take group capacity to almost 108 million pieces; the company's documents give no later update.32
  • On its earnings call of 6 Aug 2026, the company said a second 450-machine shed for knits at its Bihar plant was expected to start production in October or November; the company's documents give no later update.33
  • On its earnings call of 6 Aug 2026, the company said it was outlining capital spending of about ₹200 crore to ₹250 crore across countries for the year to Mar 2027.34

What the company expects

  • On its earnings call of 6 Aug 2026, the company said it aims to pass ₹6,000 crore of annual revenue by the year to Mar 2028, possibly earlier, depending on economic conditions, and that growth is running above its usual 12% to 14% a year.3536
  • On its earnings call of 6 Aug 2026, the company said it expects a double-digit EBITDA margin for the year to Mar 2027 and targets 10% to 12% by the year to Mar 2028.3738
  • On its earnings call of 6 Aug 2026, the company said it expects installed capacity of around 125 to 130 million pieces by 2028.39

Recent events

  • On 20 Oct 2026, the group set up Great Pearl Vietnam Global Limited in Vietnam to manufacture garments, with an initial investment of $1.2 million.4041
  • On its earnings call of 6 Aug 2026, the company said its board had approved a bonus issue of 1 free share for each share held, subject to shareholder approval; the company's documents give no outcome of that vote.42
  • On 14 May 2026, the board declared a second interim dividend of ₹8.50 a share; the company puts its dividend for the year to Mar 2026 at ₹14.5 a share, the highest in its history, about 25% of profit after tax.4344
  • On 28 Jan 2026, ICRA upgraded the company's long-term credit rating (an opinion on its ability to repay debt) to A+ (Stable) and its short-term rating to A1+.4546

Last updated

All 46 sources, each with its page
  1. 1. Annual report, 25 Jun 2026, page 4
  2. 2. Annual report, 25 Jun 2026, page 1
  3. 3. Annual report, 25 Jun 2026, page 6
  4. 4. Annual report, 25 Jun 2026, page 10
  5. 5. Annual report, 25 Jun 2026, page 9
  6. 6. Exchange filing, 14 May 2026, page 5
  7. 7. Annual report, 25 Jun 2026, page 7
  8. 8. Annual report, 25 Jun 2026, page 72
  9. 9. Annual report, 25 Jun 2026, page 61
  10. 10. Annual report, 25 Jun 2026, page 35
  11. 11. Annual report, 25 Jun 2026, page 64
  12. 12. Annual report, 25 Jun 2026, page 152
  13. 13. Earnings call, 6 Aug 2026, page 6
  14. 14. Earnings call, 6 Aug 2026, page 6
  15. 15. Annual report, 25 Jun 2026, page 46
  16. 16. Annual report, 25 Jun 2026, page 12
  17. 17. Annual report, 25 Jun 2026, page 12
  18. 18. Annual report, 25 Jun 2026, page 15
  19. 19. Annual report, 25 Jun 2026, page 16
  20. 20. Earnings call, 6 Aug 2026, page 9
  21. 21. Annual report, 25 Jun 2026, page 68
  22. 22. Annual report, 25 Jun 2026, page 18
  23. 23. Annual report, 25 Jun 2026, page 12
  24. 24. Annual report, 25 Jun 2026, page 44
  25. 25. Annual report, 25 Jun 2026, page 17
  26. 26. Annual report, 25 Jun 2026, page 19
  27. 27. Annual report, 25 Jun 2026, page 14
  28. 28. Annual report, 25 Jun 2026, page 18
  29. 29. Annual report, 25 Jun 2026, page 7
  30. 30. Annual report, 25 Jun 2026, page 22
  31. 31. Annual report, 25 Jun 2026, page 6
  32. 32. Earnings call, 6 Aug 2026, page 5
  33. 33. Earnings call, 6 Aug 2026, page 14
  34. 34. Earnings call, 6 Aug 2026, page 6
  35. 35. Earnings call, 6 Aug 2026, page 12
  36. 36. Earnings call, 6 Aug 2026, page 9
  37. 37. Earnings call, 6 Aug 2026, page 7
  38. 38. Earnings call, 6 Aug 2026, page 11
  39. 39. Earnings call, 6 Aug 2026, page 10
  40. 40. Exchange filing, 21 Oct 2026, page 2
  41. 41. Exchange filing, 21 Oct 2026, page 1
  42. 42. Earnings call, 6 Aug 2026, page 6
  43. 43. Annual report, 25 Jun 2026, page 15
  44. 44. Exchange filing, 14 May 2026, page 1
  45. 45. Exchange filing, 28 Jan 2026, page 2
  46. 46. Exchange filing, 28 Jan 2026, page 1

Results

Consolidated; ₹ crore.Pearl Global Industries quarterly results

Revenue growth, 12 months
+13.7%
Net profit growth, 12 months
+23.7%

Quarter to Jun 2026, against the quarter before

Revenue
₹1,528 Crup 16.34%
Net profit
₹99 Crup 22.54%
Net margin
6.5%

Revenue by quarter

₹1,202 CrSep 24₹1,023 CrDec 24₹1,229 CrMar 25₹1,228 CrJun 25₹1,313 CrSep 25₹1,170 CrDec 25₹1,314 CrMar 26₹1,528 CrJun 26
Peak revenue ₹1,528 Cr, quarter to Jun 2026; lowest ₹1,023 Cr, quarter to Dec 2024

Net profit by quarter, a loss in red

₹56 CrSep 24₹48 CrDec 24₹65 CrMar 25₹66 CrJun 25₹72 CrSep 25₹52 CrDec 25₹81 CrMar 26₹99 CrJun 26
₹ croreSep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Revenue1,2021,0231,2291,2281,3131,1701,3141,528
Net profit5648656672528199
Net margin4.6%4.7%5.3%5.3%5.5%4.4%6.2%6.5%
Consolidated. The last eight quarters. The latest is shaded. Net profit is the whole group's, the other owners of its subsidiaries included; P/E and ROE use the company's own share.

Business segments

Share of revenue, year to Mar 2026, consolidated.Segment revenue and profit

  • Hong Kong₹3,937 Crup 9.27%48.1%
  • Bangladesh₹1,692 Crup 13.62%20.7%
  • India₹1,094 Crdown 8.50%13.4%
  • Vietnam₹984 Crup 54.55%12.0%
  • Others₹474 Crup 29.83%5.8%
The pill is the change in revenue on the year before; the share is of all the businesses together.

Valuation

Today, against the company's own history.Pearl Global Industries PE ratio and valuation

Price to earnings

At or below today's level on 95% of 1,869 trading days over the last 10 years.

LowestHighest
Its median14.72Industry median17.44
Price to book

At or below today's level on 98% of 1,952 trading days since Nov 2018.

LowestHighest
Its median1.57Industry median1.48
Dividend yield

At or below today's level on 29% of 2,473 trading days over the last 10 years.

LowestHighest
Its median1.17%Industry median0.91%

Where the return came from

Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.

OverReturn a yearEarnings growthChange in P/EDividend yield
1 year+3.8%+9.8%−6.4%1.1%
3 years+88.9%+20.5%+55.8%1.2%
5 years+75.0%+72.2%+0.8%1.3%
Return is price growth plus the average dividend yield. Change in P/E is (1 + price growth) / (1 + earnings growth) - 1, so the parts compound rather than add. Earnings growth over 5 years includes one-off items (exceptional items and the result of businesses sold or closed) of more than a tenth of the profit of the year to Mar 2021.

Shareholding

Per cent of the company's shares, from the filing for Sep 2026.Pearl Global Industries shareholding pattern

Shareholding by group

  • Promoters59.91%
  • Foreign institutions6.69%
  • Indian institutions20.15%
  • Individuals and others13.24%
Holder
Pulkit SethPromoter30.08%
Payel SethPromoter19.11%
Deepak Kumar SethPromoter9.85%
GOLDMAN SACHS FUNDS - GOLDMAN SACHS INDIA EQUITY PORTFOLIOForeign portfolio investors, category I1.68%
Shifalli SethPromoter0.87%
Holders are named in the company's own words: an insurer's holding can carry one of its funds' names. Mutual funds are left out here and listed fund by fund below.

Since Sep 2026: promoters unchanged, foreign institutions −0.07 pts, Indian institutions +0.02 pts, mutual funds +0.01 pts.

Mutual fund holdings

25 funds disclosed a holding for Sep 2026. What they did in Sep 2026, against each fund's month before. 6 of the 12 funds that added or cut are index funds, ETFs or arbitrage funds: an index fund or ETF holds what its index holds, and an arbitrage fund holds the share against a sale of its future.All 25 funds holding Pearl Global Industries

Added
8
Cut
4
Held unchanged
13
Fund
HDFC Mutual Fund logoHDFC Small Cap FundHDFC Mutual Fund60,42,4081.90%₹774.7 Cr
SBI Mutual Fund logoSBI Flexicap FundSBI Mutual Fund28,30,2501.64%₹362.9 Cr
HSBC Mutual Fund logoHSBC Value FundHSBC Mutual Fund17,24,7121.51%₹221.1 Cr
ICICI Prudential Mutual Fund logoICICI Prudential Flexi Cap FundICICI Prudential Mutual Fund14,60,6700.74%₹187.3 Cr
HDFC Mutual Fund logoHDFC Manufacturing fundHDFC Mutual Fund11,00,0001.37%₹141.0 Cr
HSBC Mutual Fund logoHSBC ELSS Tax saver FundHSBC Mutual Fund8,66,1242.79%₹111.0 Cr
HDFC Mutual Fund logoHDFC Business Cycle FundHDFC Mutual Fund6,76,7323.28%₹86.8 Cr
SBI Mutual Fund logoSBI Quality FundSBI Mutual Fund5,89,4062.93%₹75.6 Cr
Tata Mutual Fund logoTata Multicap FundTata Mutual Fund5,80,0442.18%₹74.4 Cr
HSBC Mutual Fund logoHSBC India Export Opportunities FundHSBC Mutual Fund5,01,3884.93%₹64.3 Cr
Portfolios disclosed for Sep 2026. Weight is the holding as a share of the fund's assets.

Promoter and insider buying and selling

Trades made since 29 Oct 2025.Pearl Global Industries insider trading

Bought on the market Sold on the market
  • Promoters and promoter group0 purchases, 1 saleNo purchase₹100 CrNet−₹100 Cr
  • Others: no market trade
Bought and sold count trades on the market only. A pledge is shares given to a lender as security for a loan; a lender invokes it by selling them.

Pearl Global Industries competitors and peers

Garments & Apparels, 64 listed companies, priced on 29 Oct 2026. The table lists the 8 companies closest to Pearl Global Industries in market cap.Textile stocks

Where the company sits among the companies nearest its size

Return on equity across, P/E up, size is market cap
Company
Page Industries logoPage IndustriesPAGEIND38,09050.4025.35+7.6%−1.2%52.0%68.6%1.76%
Arvind logoArvindARVIND13,85830.223.26+19.1%+11.5%11.3%10.7%0.88%
Gokaldas Exports logoGokaldas ExportsGOKEX4,73545.992.19+7.7%−40.4%4.9%6.3%0.00%
Lux Industries logoLux IndustriesLUXIND3,43333.541.87+10.6%−33.9%5.7%6.5%0.18%
SBC Exports logoSBC ExportsSBC3,168–31.59+63.3%––10.7%0.00%
Kewal Kiran Clothing logoKewal Kiran ClothingKKCL2,65917.962.83+15.9%−1.7%16.8%17.4%0.93%
Kitex Garments logoKitex GarmentsKITEX2,288–2.22−36.4%––−2.2%0.44%
Cantabil Retail India logoCantabil Retail IndiaCANTABIL2,14322.004.48+16.1%+24.7%22.4%35.3%0.59%
Market cap in ₹ crore. Growth is the last twelve months against the twelve before. A figure is left empty where it would rest on a loss or the company has under a year of results on record. ROE is the shareholders' profit over their net worth. ROCE is profit before interest and tax over the whole group's net worth plus borrowings, as in the figures at the top of the page.

Dividends

Per share, by the year it was paid for, and the latest payments.Pearl Global Industries dividend history

Dividend per share, ₹, restated for later splits and bonuses

0.8Mar 170.5Mar 180.8Mar 19Mar 20Mar 211.3Mar 221.9Mar 234.4Mar 245.8Mar 257.3Mar 26
Highest ₹7.25 a share, year to Mar 2026.
Ex-dateTypePer share
21 May 2026Interim₹8.50
17 Nov 2025Interim₹6.00
26 May 2025Interim₹6.50
27 Nov 2024Interim₹5.00
22 Nov 2023Interim₹12.50
1 Sep 2023Interim₹5.00
Latest payments, as declared, by ex-date.

Latest announcements

Routine notices left out.Pearl Global Industries announcements

Pearl Global Industries share price by year

Each calendar year to 2025.Pearl Global Industries share price history

YearClose at year endChangeHighest closeLowest close
2025805.45+8.8%883.45459.48
2024740.48+128.0%740.48268.28
2023324.71+217.1%351.0587.00
2022102.40+17.1%148.7582.44
202187.44+74.7%111.3339.45
202050.05+28.3%50.0523.09
201939.01+14.6%46.9932.00
201834.04−1.2%41.4826.34
201734.45+1.4%43.0528.00
201633.96−43.6%63.1632.75
₹ per share, adjusted for splits and bonuses since. Change is on the close at the end of the year before.

Recent sessions

The 9 trading days to 28 Oct 2026, as traded on NSE; the latest is at the top of the page.

DateOpenHighLowCloseAverage priceVolumeDelivery
28 Oct 20261,190.001,215.001,163.201,198.901,188.6165,62047.2%
27 Oct 20261,212.101,240.501,188.101,198.401,213.5773,50349.0%
26 Oct 20261,214.001,232.401,190.401,212.801,209.2378,80045.8%
23 Oct 20261,202.001,231.001,170.001,224.001,198.521,25,84552.0%
22 Oct 20261,203.401,221.001,175.401,211.701,203.4283,46643.1%
21 Oct 20261,272.001,272.001,200.001,216.601,219.761,44,58949.4%
19 Oct 20261,289.101,302.401,272.201,277.701,283.0159,40845.1%
16 Oct 20261,267.401,300.701,261.001,289.201,288.0483,82838.4%
15 Oct 20261,292.301,305.501,244.301,263.301,268.382,01,29336.3%
Prices in ₹ per share as traded, not adjusted.

Price adjustments

What the price chart is corrected for, so it reads as one share held throughout.Bonus shares and stock split history

Ex-dateEventPrice factorWhat happened
11 Sep 2026Bonus0.5000Holders received 1 bonus share for every 1 held.
5 Jan 2024Split0.5000Each share became 2.
30 May 2014Scheme of arrangement–A scheme of arrangement is a court-approved plan that merges, splits off or reorganises parts of a company. One took effect here and the price moved by a fifth or more between two trading sessions. What shareholders received is not on record, so earlier prices are not shown.
Earlier prices are multiplied by the factor, so the chart reads as one share held throughout. Where an event has no factor that can be worked out, the chart leaves out the closes before it.

Company details

Chairperson
Deepak Kumar Seth
At the end of the quarter to Sep 2026
Managing director
Pallab Banerjee
At the end of the quarter to Sep 2026
NSE symbol
PGIL
BSE code
532808
ISIN
INE940H01022
Industry
Textiles & Apparels
Former symbols
HOPFL
CIN
L74899HR1989PLC140150
Corporate identity number, the registrar of companies' code for it
Incorporated
1989
Registered office
Pearl Tower, Plot No. 51, Sector 32, Gurugram 122001, Haryana
Share registrar
MUFG Intime India Pvt. Ltd
Keeps the register of shareholders and handles transfers and dividend payments