Pearl Global Industries share price
NSE: PGILBSE: 532808Textiles & ApparelsSmall Cap
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
- Next results date: the board meets on 5 Nov 2026 to consider: financial results and dividend. The notice · Results calendar
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies. Market capitalisation: how it is worked out
- ₹11,001 Cr658th largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. Price to earnings, trailing: how it is worked out
- 35.45
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. Price to book: how it is worked out
- 7.54
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- 0.61%
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it.
- 23.7%
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet.
- 19.9%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Mar 2026.
- 0.48
- Volume, NSEVolume. Shares traded on the last trading day. Volume in the glossary
- 79,524
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
Where revenue comes from
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
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. Annual report, 25 Jun 2026, page 4
- 2. Annual report, 25 Jun 2026, page 1
- 3. Annual report, 25 Jun 2026, page 6
- 4. Annual report, 25 Jun 2026, page 10
- 5. Annual report, 25 Jun 2026, page 9
- 6. Exchange filing, 14 May 2026, page 5
- 7. Annual report, 25 Jun 2026, page 7
- 8. Annual report, 25 Jun 2026, page 72
- 9. Annual report, 25 Jun 2026, page 61
- 10. Annual report, 25 Jun 2026, page 35
- 11. Annual report, 25 Jun 2026, page 64
- 12. Annual report, 25 Jun 2026, page 152
- 13. Earnings call, 6 Aug 2026, page 6
- 14. Earnings call, 6 Aug 2026, page 6
- 15. Annual report, 25 Jun 2026, page 46
- 16. Annual report, 25 Jun 2026, page 12
- 17. Annual report, 25 Jun 2026, page 12
- 18. Annual report, 25 Jun 2026, page 15
- 19. Annual report, 25 Jun 2026, page 16
- 20. Earnings call, 6 Aug 2026, page 9
- 21. Annual report, 25 Jun 2026, page 68
- 22. Annual report, 25 Jun 2026, page 18
- 23. Annual report, 25 Jun 2026, page 12
- 24. Annual report, 25 Jun 2026, page 44
- 25. Annual report, 25 Jun 2026, page 17
- 26. Annual report, 25 Jun 2026, page 19
- 27. Annual report, 25 Jun 2026, page 14
- 28. Annual report, 25 Jun 2026, page 18
- 29. Annual report, 25 Jun 2026, page 7
- 30. Annual report, 25 Jun 2026, page 22
- 31. Annual report, 25 Jun 2026, page 6
- 32. Earnings call, 6 Aug 2026, page 5
- 33. Earnings call, 6 Aug 2026, page 14
- 34. Earnings call, 6 Aug 2026, page 6
- 35. Earnings call, 6 Aug 2026, page 12
- 36. Earnings call, 6 Aug 2026, page 9
- 37. Earnings call, 6 Aug 2026, page 7
- 38. Earnings call, 6 Aug 2026, page 11
- 39. Earnings call, 6 Aug 2026, page 10
- 40. Exchange filing, 21 Oct 2026, page 2
- 41. Exchange filing, 21 Oct 2026, page 1
- 42. Earnings call, 6 Aug 2026, page 6
- 43. Annual report, 25 Jun 2026, page 15
- 44. Exchange filing, 14 May 2026, page 1
- 45. Exchange filing, 28 Jan 2026, page 2
- 46. Exchange filing, 28 Jan 2026, page 1
Results
Consolidated; ₹ crore.Pearl Global Industries quarterly results
- Revenue growth, 12 monthsRevenue growth, 12 months. The last twelve months against the twelve before them. Left empty where the earlier figure was nought or a loss: growth out of a loss has no percentage.
- +13.7%
- Net profit growth, 12 monthsNet profit growth, 12 months. The last twelve months against the twelve before them. Left empty where the earlier figure was nought or a loss: growth out of a loss has no percentage.
- +23.7%
Quarter to Jun 2026, against the quarter before
- RevenueRevenue. The pill is the change in revenue against the quarter before: this period's figure divided by that one's, less one, in per cent.
- ₹1,528 Crup 16.34%
- Net profitNet profit. The pill is the change in net profit against the quarter before: this period's figure divided by that one's, less one, in per cent. Net profit in the glossary
- ₹99 Crup 22.54%
- Net marginNet margin. Net profit as a percentage of revenue: how much of each rupee of sales is left after every cost, interest and tax. Net margin in the glossary
- 6.5%
Revenue by quarter
Net profit by quarter, a loss in red
| ₹ crore | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,202 | 1,023 | 1,229 | 1,228 | 1,313 | 1,170 | 1,314 | 1,528 |
| Net profit | 56 | 48 | 65 | 66 | 72 | 52 | 81 | 99 |
| Net margin | 4.6% | 4.7% | 5.3% | 5.3% | 5.5% | 4.4% | 6.2% | 6.5% |
Year to Mar 2026, against the year before
- RevenueRevenue. The pill is the change in revenue against the year before: this period's figure divided by that one's, less one, in per cent.
- ₹5,025 Crup 11.50%
- Net profitNet profit. The pill is the change in net profit against the year before: this period's figure divided by that one's, less one, in per cent.
- ₹270 Crup 17.01%
- Net margin
- 5.4%
Revenue by year
Net profit by year, a loss in red
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 1,524 | 1,496 | 1,757 | 1,685 | 1,491 | 2,714 | 3,158 | 3,436 | 4,506 | 5,025 |
| Net profit | 34 | 23 | 67 | 22 | 17 | 70 | 153 | 169 | 231 | 270 |
| Net margin | 2.2% | 1.5% | 3.8% | 1.3% | 1.2% | 2.6% | 4.8% | 4.9% | 5.1% | 5.4% |
Business segments
Share of revenue, year to Mar 2026, consolidated.Segment revenue and profit
- Hong KongHong Kong, share of revenue. The segment's revenue as a percentage of the revenue of all the company's reported business segments together, leaving out eliminations between them and unallocated items.₹3,937 Crup 9.27%48.1%
- BangladeshBangladesh, share of revenue. The segment's revenue as a percentage of the revenue of all the company's reported business segments together, leaving out eliminations between them and unallocated items.₹1,692 Crup 13.62%20.7%
- IndiaIndia, share of revenue. The segment's revenue as a percentage of the revenue of all the company's reported business segments together, leaving out eliminations between them and unallocated items.₹1,094 Crdown 8.50%13.4%
- VietnamVietnam, share of revenue. The segment's revenue as a percentage of the revenue of all the company's reported business segments together, leaving out eliminations between them and unallocated items.₹984 Crup 54.55%12.0%
- OthersOthers, share of revenue. The segment's revenue as a percentage of the revenue of all the company's reported business segments together, leaving out eliminations between them and unallocated items.₹474 Crup 29.83%5.8%
Valuation
Today, against the company's own history.Pearl Global Industries PE ratio and valuation
At or below today's level on 95% of 1,869 trading days over the last 10 years.
At or below today's level on 98% of 1,952 trading days since Nov 2018.
At or below today's level on 29% of 2,473 trading days over the last 10 years.
Where the return came from
Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.
| Over | Return a year | Earnings growth | Change in P/E | Dividend 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% |
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
- AddedAdded. Funds that held more shares than at the end of the month before.
- 8
- CutCut. Funds that held fewer shares than at the end of the month before.
- 4
- Held unchangedHeld unchanged. Funds that held the same number of shares as at the end of the month before.
- 13
| Fund | |||
|---|---|---|---|
| 60,42,408 | 1.90% | ₹774.7 Cr | |
| 28,30,250 | 1.64% | ₹362.9 Cr | |
| 17,24,712 | 1.51% | ₹221.1 Cr | |
| 14,60,670 | 0.74% | ₹187.3 Cr | |
| 11,00,000 | 1.37% | ₹141.0 Cr | |
| 8,66,124 | 2.79% | ₹111.0 Cr | |
| 6,76,732 | 3.28% | ₹86.8 Cr | |
| 5,89,406 | 2.93% | ₹75.6 Cr | |
| 5,80,044 | 2.18% | ₹74.4 Cr | |
| 5,01,388 | 4.93% | ₹64.3 Cr |
Promoter and insider buying and selling
Trades made since 29 Oct 2025.Pearl Global Industries insider trading
- Promoters and promoter group0 purchases, 1 saleNo purchase₹100 CrNetNet. The value bought on the market less the value sold, over the trades whose filers stated a value.−₹100 Cr
- Others: no market trade
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
| Company | ||||||||
|---|---|---|---|---|---|---|---|---|
| 38,090 | 50.40 | 25.35 | +7.6% | −1.2% | 52.0% | 68.6% | 1.76% | |
| 13,858 | 30.22 | 3.26 | +19.1% | +11.5% | 11.3% | 10.7% | 0.88% | |
| 4,735 | 45.99 | 2.19 | +7.7% | −40.4% | 4.9% | 6.3% | 0.00% | |
| 3,433 | 33.54 | 1.87 | +10.6% | −33.9% | 5.7% | 6.5% | 0.18% | |
| 3,168 | – | 31.59 | +63.3% | – | – | 10.7% | 0.00% | |
| 2,659 | 17.96 | 2.83 | +15.9% | −1.7% | 16.8% | 17.4% | 0.93% | |
| 2,288 | – | 2.22 | −36.4% | – | – | −2.2% | 0.44% | |
| 2,143 | 22.00 | 4.48 | +16.1% | +24.7% | 22.4% | 35.3% | 0.59% |
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
Dividend per share. The dividends declared for the year, each restated to today's share count by the splits and bonuses after its own ex-date, added up. Dividend per share in the glossary| Ex-date | Type | Per share |
|---|---|---|
| 21 May 2026 | Interim | ₹8.50 |
| 17 Nov 2025 | Interim | ₹6.00 |
| 26 May 2025 | Interim | ₹6.50 |
| 27 Nov 2024 | Interim | ₹5.00 |
| 22 Nov 2023 | Interim | ₹12.50 |
| 1 Sep 2023 | Interim | ₹5.00 |
Latest announcements
Routine notices left out.Pearl Global Industries announcements
Oct 2026
23 Oct · Disclosure
21 Oct · General Updates
Sep 2026
22 Sep · Business
16 Sep · Analysts
15 Sep · Committee Meeting Updates
Pearl Global Industries share price by year
Each calendar year to 2025.Pearl Global Industries share price history
| Year | Close at year end | Change | Highest close | Lowest close |
|---|---|---|---|---|
| 2025 | 805.45 | +8.8% | 883.45 | 459.48 |
| 2024 | 740.48 | +128.0% | 740.48 | 268.28 |
| 2023 | 324.71 | +217.1% | 351.05 | 87.00 |
| 2022 | 102.40 | +17.1% | 148.75 | 82.44 |
| 2021 | 87.44 | +74.7% | 111.33 | 39.45 |
| 2020 | 50.05 | +28.3% | 50.05 | 23.09 |
| 2019 | 39.01 | +14.6% | 46.99 | 32.00 |
| 2018 | 34.04 | −1.2% | 41.48 | 26.34 |
| 2017 | 34.45 | +1.4% | 43.05 | 28.00 |
| 2016 | 33.96 | −43.6% | 63.16 | 32.75 |
Recent sessions
The 9 trading days to 28 Oct 2026, as traded on NSE; the latest is at the top of the page.
| Date | Open | High | Low | Close | Average price | Volume | Delivery |
|---|---|---|---|---|---|---|---|
| 28 Oct 2026 | 1,190.00 | 1,215.00 | 1,163.20 | 1,198.90 | 1,188.61 | 65,620 | 47.2% |
| 27 Oct 2026 | 1,212.10 | 1,240.50 | 1,188.10 | 1,198.40 | 1,213.57 | 73,503 | 49.0% |
| 26 Oct 2026 | 1,214.00 | 1,232.40 | 1,190.40 | 1,212.80 | 1,209.23 | 78,800 | 45.8% |
| 23 Oct 2026 | 1,202.00 | 1,231.00 | 1,170.00 | 1,224.00 | 1,198.52 | 1,25,845 | 52.0% |
| 22 Oct 2026 | 1,203.40 | 1,221.00 | 1,175.40 | 1,211.70 | 1,203.42 | 83,466 | 43.1% |
| 21 Oct 2026 | 1,272.00 | 1,272.00 | 1,200.00 | 1,216.60 | 1,219.76 | 1,44,589 | 49.4% |
| 19 Oct 2026 | 1,289.10 | 1,302.40 | 1,272.20 | 1,277.70 | 1,283.01 | 59,408 | 45.1% |
| 16 Oct 2026 | 1,267.40 | 1,300.70 | 1,261.00 | 1,289.20 | 1,288.04 | 83,828 | 38.4% |
| 15 Oct 2026 | 1,292.30 | 1,305.50 | 1,244.30 | 1,263.30 | 1,268.38 | 2,01,293 | 36.3% |
Price adjustments
What the price chart is corrected for, so it reads as one share held throughout.Bonus shares and stock split history
| Ex-date | Event | Price factor | What happened |
|---|---|---|---|
| 11 Sep 2026 | Bonus | 0.5000 | Holders received 1 bonus share for every 1 held. |
| 5 Jan 2024 | Split | 0.5000 | Each share became 2. |
| 30 May 2014 | Scheme 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. |
Company details
- NSE symbol
- PGIL
- BSE code
- 532808
- ISIN
- INE940H01022
- Industry
- Textiles & Apparels
- Former symbols
- HOPFL
- Website
- www.pearlglobal.com
- 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