āagman

Not investment advice. Data and computed figures, for information only.

Pearl Global Industries Ltd

NSE: PGIL
₹1,263.30
−₹39.30 (−3.02%)
NSE · 15 Oct 2026, close
NSE
As of 31 Mar 2026
Market Cap
₹11,835 Cr
CMP
₹1,263.30
52-wk High / Low
₹2,540 / 1,102
P/E
37.8
P/B
8.1
Book Value
₹158.0
Div Yield
0.57%
ROCE
20.0%
ROE
21.0%
Face Value
₹5
D/E
0.65

Price−3.0% over 1Y

āagman read

Computed by āagman
Derived from 12 years and 13 quarters of filings. Not reported by the company.
As of 15 Oct 2026
How we compute these
Piotroski F-Score
5
/ 9
5 of 9 F-score tests passed
Graham Number
₹327
√(22.5 × EPS × book value per share)
ROIC
14.4%
vs 4.9% sector median
Cash flow to profit
1.47
CFO / PAT
Above 1.0 = operating cash flow exceeded reported profit
Margin change
+161
bps OPM YoY
Operating margin vs the same quarter last year
Sustainable growth
16.5%
ROE × earnings retention ratio
ROE stability
3.5
pp σ
Standard deviation of ROE across periods. Lower = more stable
Holder deltas
QoQ
pp
Prom −1.25FII +0.28DII +1.32
Latest quarter vs the previous one
Cash-accrual divergence
−4.4%
of assets
Low = accruals track cash flow
Strengths
+FII holding rose by 1.6pp over the last year
+PE of 37.8x is below the sector median of 39.5x
Watch-outs
−Borrowings are up 334.6% since FY2016 (217 to 943)
−Price trades below its 200-day moving average (0.7x)
−Price is 50.3% below its 52-week high
−Annualised volatility of 85.2% is in the high band (≥45%)
−Promoter holding fell by 6.7pp over the last year

Peer comparison

Peers
NameP/EMar Cap ₹ CrROCE %ROE %

Quarterly results

Consolidated basis (as filed) · ₹ Cr · 13 quarters
As of 30 Jun 2026
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales8949617048771,0531,2021,0231,2291,2281,3131,1701,3141,528
Expenses8118836397969541,1059311,1121,1161,1921,0741,1791,364
Operating Profit8377658198979111711212196134164
OPM %9.3%8.0%9.2%9.2%9.3%8.1%8.9%9.5%9.1%9.2%8.2%10.2%10.7%
Other Income77314159681187108
Interest20241722232524272727222627
Depreciation14161619171819212022222326
Profit before tax584635547363547876795995120
Net Profit47393449625648656672528199
EPS (₹)5.554.584.105.897.496.386.137.437.387.975.789.0210.88

Profit & Loss

As of 30 Jun 2026
Consolidated · ₹ Cr · 12 years + TTM
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales1,0241,3931,5381,4961,7581,6851,4912,7143,1583,4364,5065,0255,325
Expenses9741,3331,4651,4501,6571,6031,4242,5552,8833,1114,0894,5414,810
Operating Profit506173461008267159275325417484515
OPM %4.9%4.4%4.7%3.1%5.7%4.9%4.5%5.9%8.7%9.5%9.3%9.6%9.7%
Other Income24243047514436373431383633
Interest232135384353476182100112123102
Depreciation16171923264244485164758793
Profit before tax3447493283311186176192267309353
Net Profit2437422367221770153169231270304
EPS (₹)2.894.234.692.787.772.491.997.8717.2320.0527.0230.0833.65

Balance Sheet

As of 30 Jun 2026
Consolidated · ₹ Cr
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Jun 2026
Equity Capital222222222222222222222323—
Reserves2963233593734484794965777017801,1331,437—
Borrowings167217253315333463440645558588773943—
Other Liabilities250264282226298288339538501595667842—
Total Liabilities7348259169371,1001,2521,2961,7811,7811,9862,5953,245—
Fixed Assets213210256274338422390448500612727818—
CWIP3111688364715333544113—
Investments111913373338555560302436—
Other Assets5075856306177227568041,2631,1881,3091,8002,278—
Total Assets7348259169371,1001,2521,2961,7811,7811,9862,5953,245—

Cash Flows

As of 31 Mar 2026
Consolidated · ₹ Cr
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity32251533756495−92365352176398
Cash from Investing Activity−55−22−49−58−59−85−26−40−26−128−104−158
Cash from Financing Activity2241131−1415−62153−200−152101−46
Net Cash Flow−2027−2362−672213972174194

Ratios

As of 31 Mar 2026
12 periods
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %6.012.013.010.014.010.05.012.019.021.022.020.0
ROE %———————————21.0
EPS (₹)2.894.234.692.787.772.491.997.8717.2320.0527.0230.08
Book Value (₹)———————————158.0
Face Value (₹)———————————5
P/E———————————37.8
Div Yield %———————————0.57
NPM %2.32.62.71.53.71.31.12.54.84.95.15.3
OPM %4.84.34.73.16.04.94.56.09.09.09.010.0
D/E0.530.630.660.800.710.920.851.080.770.730.670.65
P/B———————————8.1

Growth

As of 11 Oct 2026
Compounded sales growth
10 years+14.0%
5 years+28.0%
3 years+17.0%
TTM+14.0%
Compounded profit growth
10 years+23.0%
5 years+101.0%
3 years+25.0%
TTM+24.0%
Stock price CAGR
10 years+40.0%
5 years+76.0%
3 years+64.0%
Last year+97.0%
Return on equity
10 years16.0%
5 years21.0%
3 years22.0%
Last year21.0%

Shareholding pattern

As of 30 Jun 2026
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters66.58%66.58%66.58%66.58%66.58%66.58%66.58%66.58%66.58%66.19%62.81%61.16%59.91%
FIIs6.51%6.51%6.51%6.01%6.01%6.39%6.39%5.66%5.17%5.45%7.39%6.48%6.76%
DIIs6.09%6.09%6.09%2.35%2.58%2.27%2.23%1.43%1.24%0.49%11.56%18.80%20.12%
Government—————————————
Public20.82%20.82%20.82%25.05%24.83%24.76%24.79%26.32%27.01%27.87%18.24%13.56%13.19%
No. of shareholders19,32919,32919,32919,64717,00015,65513,09113,47713,40016,31424,54930,11042,398
Change since Jun 2023 (pp)
Promoters −6.67FIIs +0.25DIIs +14.03Public −7.63

Documents

As of 11 Oct 2026
Announcements
Announcement under Regulation 30 (LODR)-Newspaper PublicationCompliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018Announcement under Regulation 30 (LODR)-Earnings Call TranscriptClosure of Trading WindowAnnouncement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
Annual reports
Annual Report 2026Annual Report 2025Annual Report 2024Annual Report 2023Annual Report 2022
Credit ratings
Rating updateRating updateRating updateRating updateRating update
Concalls
Sep 2026RecordingAug 2026TranscriptAug 2026PPTAug 2026RecordingMay 2026TranscriptMay 2026PPTFeb 2026TranscriptFeb 2026PPTFeb 2026RecordingNov 2025TranscriptNov 2025PPT

Corporate actions

As of 11 Sep 2026
11 Sep 2026BONUSBonus 1:1—
21 May 2026DIVIDENDInterim Dividend - Rs 8.50 Per Share—
17 Nov 2025DIVIDENDInterim Dividend - Rs 6 Per Share—
26 May 2025DIVIDENDInterim Dividend - Rs 6.50 Per Share—
27 Nov 2024DIVIDENDInterim Dividend - Rs 5 Per Share—
5 Jan 2024SPLITFace Value Split (Sub-Division) - From Rs10/- Per Share To Rs 5/- Per Share10 : 5
22 Nov 2023DIVIDENDInterim Dividend - Rs 12.5 Per Share—
1 Sep 2023DIVIDENDInterim Dividend - Rs 5 Per Share—
26 May 2023DIVIDENDInterim Dividend - Rs 5 Per Share—
22 Nov 2022DIVIDENDInterim Dividend - Rs 2.50 Per Share—
7 Jun 2022DIVIDENDInterim Dividend - Rs 5 Per Share—
16 Sep 2019DIVIDEND Annual General Meeting/Dividend - Rs 3 Per Share—
14 Sep 2018DIVIDEND Annual General Meeting/Dividend Rs 2 Per Share—
20 Sep 2017DIVIDEND Annual General Meeting/ Dividend- Rs 3.00 Per Share—
16 Sep 2016DIVIDEND Annual General Meeting/Dividend - Re 0.50 Per Share—
18 Mar 2016DIVIDEND Interim Dividend - Rs 2.50/- Per Share (Purpose Revised)—
11 Sep 2015DIVIDEND Annual General Meeting/ Dividend - Rs 2.25/- Per Share—
17 Sep 2014DIVIDENDAnnual General Meeting / Dividend - Rs 2/- Per Share—
30 May 2014DEMERGERScheme Of Arrangement—
18 Sep 2013DIVIDENDAnnual General Meeting / Dividend - Re 1/- Per Share—
Fundamentals from a third-party compiler of exchange filings; prices from the exchanges. Not investment advice.© 2026 āagman