Pearl Global Industries Ltd: Fundamental Analysis, Share Price Insights & Intrinsic Value (2024)

Share Price and Basic Stock Data

Last Updated: December 21, 2024, 2:02 am

Market Cap	6,019 Cr.
Current Price	1,311
High / Low	1,363/522
Stock P/E	30.1
Book Value	232
Dividend Yield	0.67 %
ROCE	21.4 %
ROE	21.9 %
Face Value	5.00
PEG Ratio	0.49

Stock P/E, Current Price, and Intrinsic Value Over Time

Stock P/E Current Price Intrinsic Value

View Share Price Target for

Competitors of

Stock Name	Market Cap	Current Price	High / Low	Stock P/E	Book Value	Dividend Yield	ROCE	ROE	Face Value
Haria Exports Ltd	7.18 Cr.	6.22	9.36/3.87	65.3	12.2	0.00 %	0.64 %	0.64 %	10.0
Haria Apparels Ltd	8.23 Cr.	5.38	6.80/4.37	15.0	3.62	0.00 %	18.6 %	18.2 %	10.0
Garment Mantra Lifestyle Ltd	50.8 Cr.	2.53	4.61/2.20	16.7	1.92	0.00 %	7.86 %	6.85 %	1.00
Cityman Ltd	32.2 Cr.	27.5	27.5/14.4		5.49	0.00 %	4.69 %	%	10.0
Bindal Exports Ltd	11.9 Cr.	25.8	25.8/16.1	28.3	22.1	0.00 %	6.61 %	2.96 %	10.0
Industry Average	5,399.95 Cr	1,855.49		56.94	138.56	0.15%	12.29%	14.34%	7.13

All Competitor Stocks of

Quarterly Result

Month	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024
Sales	436	681	700	896	851	860	717	730	894	961	704	877	1,053
Expenses	418	641	657	856	784	808	644	667	811	883	639	796	954
Operating Profit	18	40	43	40	67	52	73	63	83	77	65	81	98
OPM %	4%	6%	6%	4%	8%	6%	10%	9%	9%	8%	9%	9%	9%
Other Income	8	12	3	18	4	7	1	23	7	7	3	14	15
Interest	12	9	13	13	16	16	18	16	20	24	17	22	23
Depreciation	12	13	12	13	12	12	13	14	14	16	16	19	17
Profit before tax	2	30	21	32	44	32	44	56	58	46	35	54	73
Tax %	131%	15%	21%	11%	16%	19%	16%	5%	18%	14%	2%	10%	15%
Net Profit	-1	26	17	28	36	26	37	53	47	39	34	49	62
EPS in Rs	0.04	5.66	3.78	6.26	8.42	5.34	7.71	11.99	11.10	9.16	8.20	11.78	14.99

Last Updated: October 17, 2024, 4:33 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: October 17, 2024, 4:33 pm

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
Sales	3,820	4,699	1,024	1,393	1,538	1,496	1,758	1,685	1,491	2,714	3,158	3,436	3,595
Expenses	3,727	4,640	974	1,333	1,465	1,450	1,657	1,603	1,424	2,555	2,883	3,111	3,272
Operating Profit	93	59	50	61	73	46	100	82	67	159	275	325	323
OPM %	2%	1%	5%	4%	5%	3%	6%	5%	4%	6%	9%	9%	9%
Other Income	17	60	24	24	30	47	51	44	36	37	34	31	40
Interest	34	40	23	21	35	38	43	53	47	61	82	100	87
Depreciation	27	29	16	17	19	23	26	42	44	48	51	64	68
Profit before tax	49	51	34	47	49	32	83	31	11	86	176	192	208
Tax %	38%	13%	29%	23%	15%	29%	19%	30%	-54%	18%	13%	12%
Net Profit	30	44	24	37	42	23	67	22	17	70	153	169	184
EPS in Rs	5.49	8.92	5.79	8.47	9.38	5.56	15.54	4.98	3.99	15.74	34.47	40.11	44.13
Dividend Payout %	9%	11%	19%	18%	16%	18%	10%	0%	0%	16%	11%	0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2013-2014	2014-2015	2015-2016	2016-2017	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024
YoY Net Profit Growth (%)	46.67%	-45.45%	54.17%	13.51%	-45.24%	191.30%	-67.16%	-22.73%	311.76%	118.57%	10.46%
Change in YoY Net Profit Growth (%)	0.00%	-92.12%	99.62%	-40.65%	-58.75%	236.54%	-258.47%	44.44%	334.49%	-193.19%	-108.11%

has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2013-2014 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:	-3%
5 Years:	14%
3 Years:	32%
TTM:	16%

Compounded Profit Growth
10 Years:	15%
5 Years:	27%
3 Years:	172%
TTM:	27%

Stock Price CAGR
10 Years:	28%
5 Years:	76%
3 Years:	100%
1 Year:	101%

Return on Equity
10 Years:	11%
5 Years:	13%
3 Years:	19%
Last Year:	22%

Last Updated: Unknown

Balance Sheet

Last Updated: November 14, 2024, 7:54 pm

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
Equity Capital	22	22	22	22	22	22	22	22	22	22	22	22	23
Reserves	592	674	296	323	359	373	448	479	496	577	701	780	1,040
Borrowings	506	605	167	217	253	315	333	463	440	645	558	588	664
Other Liabilities	610	609	250	264	282	226	298	288	339	538	501	595	616
Total Liabilities	1,730	1,910	734	825	916	937	1,100	1,252	1,296	1,781	1,781	1,986	2,342
Fixed Assets	328	372	213	210	256	274	338	422	390	448	500	612	643
CWIP	3	15	3	11	16	8	8	36	47	15	33	35	40
Investments	26	42	11	19	13	37	33	38	55	55	60	30	169
Other Assets	1,373	1,481	507	585	630	617	722	756	804	1,263	1,188	1,309	1,490
Total Assets	1,730	1,910	734	825	916	937	1,100	1,252	1,296	1,781	1,781	1,986	2,342

Reserves and Borrowings Chart

Cash Flow

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Cash from Operating Activity +	-5	84	32	25	15	33	75	64	95	-92	365	352
Cash from Investing Activity +	-34	-82	-55	-22	-49	-58	-59	-85	-26	-40	-26	-128
Cash from Financing Activity +	40	69	2	24	11	31	-14	15	-62	153	-200	-152
Net Cash Flow	1	71	-20	27	-23	6	2	-6	7	22	139	72

Free Cash Flow

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Free Cash Flow	-413.00	-546.00	-117.00	-156.00	-180.00	-269.00	-233.00	-381.00	-373.00	-486.00	-283.00	-263.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Debtor Days	73	52	43	50	38	35	46	48	59	49	24	28
Inventory Days	35	29	119	80	93	93	99	119	133	131	115	108
Days Payable	57	46	113	82	51	48	76	82	117	106	88	105
Cash Conversion Cycle	52	35	49	48	80	79	69	85	76	74	52	32
Working Capital Days	57	47	57	55	54	57	65	75	90	85	48	41
ROCE %	9%	8%	6%	12%	13%	10%	14%	10%	5%	12%	19%	21%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Jul 2024
Promoters	66.58%	66.58%	66.58%	66.58%	66.58%	66.58%	66.58%	66.58%	66.23%	66.19%	66.17%	63.21%
FIIs	5.81%	5.66%	5.59%	5.33%	5.25%	5.17%	5.03%	5.30%	5.25%	5.45%	5.39%	4.74%
DIIs	1.20%	1.43%	1.45%	1.29%	1.22%	1.24%	1.05%	0.50%	0.43%	0.49%	0.61%	5.69%
Public	26.40%	26.32%	26.37%	26.79%	26.95%	27.01%	27.32%	27.61%	28.09%	27.87%	27.84%	26.35%
No. of Shareholders	13,600	13,477	13,502	13,736	13,619	13,400	13,839	14,776	17,071	16,314	19,284	21,431

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund Name	No of Shares	AUM (%)	Amount Invested (Cr)	Previous Number of Shares	Previous Date	Percentage Change
Tata Multicap Fund	307,797	0.84	28.31	34,199	2024-12-17	800.02%
Franklin India Balanced Advantage Fund	102,700	0.41	9.45	34,199	2024-12-17	200.3%
Franklin India Equity Hybrid Fund	102,699	0.46	9.45	34,199	2024-12-17	200.3%
Franklin India Pension Plan - Dividend	34,199	0.6	3.15	34,199	2024-12-17	0%
Franklin India Pension Plan - Growth	34,199	0.6	3.15	34,199	2024-12-17	0%
Franklin India Debt Hybrid Fund - Plan A	3,000	0.13	0.28	34,199	2024-12-17	-91.23%

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20
FaceValue	5.00	10.00	10.00	10.00	10.00
Basic EPS (Rs.)	40.26	68.90	31.46	7.97	9.95
Diluted EPS (Rs.)	40.05	68.79	31.46	7.97	9.95
Cash EPS (Rs.)	53.53	94.06	54.67	28.43	29.44
Book Value[Excl.RevalReserv]/Share (Rs.)	187.56	342.86	283.82	244.72	237.05
Book Value[Incl.RevalReserv]/Share (Rs.)	187.56	342.86	283.82	244.72	237.05
Revenue From Operations / Share (Rs.)	788.40	1457.91	1252.56	688.21	777.85
PBDIT / Share (Rs.)	78.05	128.48	80.34	38.80	53.53
PBIT / Share (Rs.)	63.32	105.05	58.02	18.44	34.13
PBT / Share (Rs.)	44.07	81.17	39.61	5.24	14.42
Net Profit / Share (Rs.)	38.80	70.62	32.36	8.07	10.03
NP After MI And SOA / Share (Rs.)	40.11	68.89	28.69	7.97	9.95
PBDIT Margin (%)	9.89	8.81	6.41	5.63	6.88
PBIT Margin (%)	8.03	7.20	4.63	2.67	4.38
PBT Margin (%)	5.58	5.56	3.16	0.76	1.85
Net Profit Margin (%)	4.92	4.84	2.58	1.17	1.28
NP After MI And SOA Margin (%)	5.08	4.72	2.29	1.15	1.27
Return on Networth / Equity (%)	21.79	20.65	10.37	3.33	4.30
Return on Capital Employeed (%)	25.03	23.61	14.45	5.15	10.00
Return On Assets (%)	8.80	8.38	3.49	1.33	1.72
Long Term Debt / Equity (X)	0.12	0.12	0.20	0.24	0.19
Total Debt / Equity (X)	0.55	0.62	0.94	0.62	0.71
Asset Turnover Ratio (%)	1.82	0.86	0.86	0.76	0.90
Current Ratio (X)	1.45	1.42	1.37	1.47	1.38
Quick Ratio (X)	0.87	0.79	0.77	0.92	0.86
Inventory Turnover Ratio (X)	3.04	1.56	1.71	1.16	1.49
Dividend Payout Ratio (NP) (%)	27.96	10.88	0.00	0.00	30.13
Dividend Payout Ratio (CP) (%)	20.45	8.12	0.00	0.00	10.21
Earning Retention Ratio (%)	72.04	89.12	0.00	0.00	69.87
Cash Earning Retention Ratio (%)	79.55	91.88	0.00	0.00	89.79
Interest Coverage Ratio (X)	4.08	4.27	3.73	2.04	2.76
Interest Coverage Ratio (Post Tax) (X)	3.04	3.14	2.36	1.12	1.53
Enterprise Value (Cr.)	2448.25	1060.39	1355.13	585.78	498.70
EV / Net Operating Revenue (X)	0.71	0.33	0.49	0.39	0.29
EV / EBITDA (X)	7.20	3.81	7.79	6.97	4.30
MarketCap / Net Operating Revenue (X)	0.68	0.28	0.34	0.24	0.14
Retention Ratios (%)	72.03	89.11	0.00	0.00	69.86
Price / BV (X)	2.94	1.23	1.54	0.70	0.47
Price / Net Operating Revenue (X)	0.68	0.28	0.34	0.24	0.14
EarningsYield	0.07	0.16	0.06	0.04	0.09

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of as of December 22, 2024 is: 1,539.57

Calculation basis:

Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of December 22, 2024, is Undervalued by 17.43% compared to the current share price 1,311.00

Intrinsic Value of as of December 22, 2024 is: 2,489.73

Calculation basis:

Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of December 22, 2024, is Undervalued by 89.91% compared to the current share price 1,311.00

Last 5 Year EPS CAGR: 61.72%

*Investments are subject to market risks

Strength and Weakness

Strength	Weakness
The company has higher reserves (549.08 cr) compared to borrowings (442.62 cr), indicating strong financial stability. The company has shown consistent growth in sales (1.92 cr) and profit (80.69 cr) over the years.	The stock has a low average ROCE of 11.58%, which may not be favorable. The stock has a high average Working Capital Days of 60.92, which may not be favorable. The stock has a high average Cash Conversion Cycle of 60.92, which may not be favorable.

Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in :
1. Net Profit Margin: 4.92%
  - Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
2. ROCE: 25.03% (Industry Average ROCE: 12.29%)
  - ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
3. ROE%: 21.79% (Industry Average ROE: 14.34%)
  - ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
4. Interest Coverage Ratio (Post Tax): 3.04
  - Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
5. Quick Ratio: 0.87
  - Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
6. Stock P/E: 30.1 (Industry average Stock P/E: 56.94)
  - Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
7. Total Debt / Equity: 0.55
  - Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
Stock Rating:

About the Company - Qualitative Analysis

Pearl Global Industries Ltd. is a Public Limited Listed company incorporated on 05/07/1989 and has its registered office in the State of Delhi, India. Company’s Corporate Identification Number(CIN) is L74899DL1989PLC036849 and registration number is 036849. Currently Company is involved in the business activities of Manufacture of wearing apparel, except fur apparel. Company’s Total Operating Revenue is Rs. 933.77 Cr. and Equity Capital is Rs. 21.66 Cr. for the Year ended 31/03/2022.

INDUSTRY	ADDRESS	CONTACT
Textiles - Readymade Apparels	C-17/1, Paschimi Marg, New Delhi Delhi 110057	investor.pgil@pearlglobal.com http://www.pearlglobal.com

Management
Name	Position Held
Mr. Deepak Seth	Chairman
Mr. Pulkit Seth	Vice Chairman
Mr. Pallab Benerjee	Managing Director
Mr. Shailesh Kumar	Whole Time Director
Mr. Deepak Kumar	Whole Time Director
Mrs. Shifalli Seth	Non Executive Director
Mr. Abhishek Goyal	Independent Director
Mrs. Madhulika Bhupatkar	Independent Director
Ms. Neha Khanna	Independent Director
Dr. Rajiv Kumar	Independent Director
Mr. Sanjay Kapoor	Independent Director
Mr. Ashwini Agarwal	Independent Director

FAQ

What is the latest intrinsic value of ?

The latest intrinsic value of as on 22 December 2024 is ₹1539.57, which is 17.43% higher than the current market price of ₹1,311.00. The stock has a market capitalization of 6,019 Cr. and recorded a high/low of 1,363/522 during the current fiscal year 2024-2025. As of Sep 2024, the company has reserves of ₹1,040 Cr and total liabilities of ₹2,342 Cr.

What is the Market Cap of ?

The Market Cap of is 6,019 Cr..

What is the current Stock Price of as on 22 December 2024?

The current stock price of as on 22 December 2024 is 1,311.

What is the High / Low of stocks in FY 2024-2025?

In FY 2024-2025, the High / Low of stocks is 1,363/522.

What is the Stock P/E of ?

The Stock P/E of is 30.1.

What is the Book Value of ?

The Book Value of is 232.

What is the Dividend Yield of ?

The Dividend Yield of is 0.67 %.

What is the ROCE of ?

The ROCE of is 21.4 %.

What is the ROE of ?

The ROE of is 21.9 %.

What is the Face Value of ?

The Face Value of is 5.00.