Pearl Global Industries Limited
Pearl Global Industries Limited, together with its subsidiaries, manufactures and sells readymade garments in India and internationally. The company offers tops, shirts, long shirts, dresses, sleepwear, hoodies, leggings, skirts, sweaters, t-shirts, joggers for women; shirts, polo t-shirts, sleepwear, pyjamas, and hoodies for men; t-shirts, shirts, and two-piece sets for boys; tops, t-shirts, ski… Read more
Pearl Global Industries Limited (PGIL) - Net Assets
Latest net assets as of September 2025: ₹12.71 Billion INR
Based on the latest financial reports, Pearl Global Industries Limited (PGIL) has net assets worth ₹12.71 Billion INR as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₹27.83 Billion) and total liabilities (₹15.12 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₹12.71 Billion |
| % of Total Assets | 45.65% |
| Annual Growth Rate | 13.31% |
| 5-Year Change | 116.26% |
| 10-Year Change | 223.85% |
| Growth Volatility | 62.28 |
Pearl Global Industries Limited - Net Assets Trend (2002–2025)
This chart illustrates how Pearl Global Industries Limited's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Pearl Global Industries Limited (2002–2025)
The table below shows the annual net assets of Pearl Global Industries Limited from 2002 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | ₹11.46 Billion | +40.25% |
| 2024-03-31 | ₹8.17 Billion | +10.06% |
| 2023-03-31 | ₹7.43 Billion | +20.80% |
| 2022-03-31 | ₹6.15 Billion | +15.98% |
| 2021-03-31 | ₹5.30 Billion | +3.24% |
| 2020-03-31 | ₹5.14 Billion | +6.68% |
| 2019-03-31 | ₹4.81 Billion | +18.93% |
| 2018-03-31 | ₹4.05 Billion | +4.57% |
| 2017-03-31 | ₹3.87 Billion | +9.34% |
| 2016-03-31 | ₹3.54 Billion | +8.17% |
| 2015-03-31 | ₹3.27 Billion | -55.84% |
| 2014-03-31 | ₹7.41 Billion | +13.53% |
| 2013-03-31 | ₹6.53 Billion | +19.10% |
| 2012-03-31 | ₹5.48 Billion | +16.29% |
| 2011-03-31 | ₹4.71 Billion | +3.73% |
| 2010-03-31 | ₹4.54 Billion | -3.28% |
| 2009-03-31 | ₹4.70 Billion | +8.26% |
| 2008-03-31 | ₹4.34 Billion | +11.05% |
| 2007-03-31 | ₹3.91 Billion | +302.97% |
| 2006-03-31 | ₹969.62 Million | +32.18% |
| 2005-03-31 | ₹733.57 Million | +3.02% |
| 2004-03-31 | ₹712.07 Million | +7.17% |
| 2003-03-31 | ₹664.44 Million | +2.72% |
| 2002-03-31 | ₹646.84 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Pearl Global Industries Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 774913000000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | ₹7.75 Billion | 67.05% |
| Common Stock | ₹229.68 Million | 1.99% |
| Other Comprehensive Income | ₹11.33 Billion | 98.01% |
| Total Equity | ₹11.56 Billion | 100.00% |
Pearl Global Industries Limited Competitors by Market Cap
The table below lists competitors of Pearl Global Industries Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
IPD Group Limited
F:IS6
|
$211.22 Million |
|
Suzhou Harmontronics Auto Tech Co Ltd
SHG:688022
|
$211.31 Million |
|
CANVEST ENVIR.PR.G.HD-01
F:0XC
|
$211.34 Million |
|
Paul Mueller Co
PINK:MUEL
|
$211.36 Million |
|
Shenzhen Ellassay Fashion Co
SHG:603808
|
$211.18 Million |
|
L.B. Foster Company
F:LB1A
|
$211.18 Million |
|
KSEC Intelligent Technology Co. Ltd. A
SHE:301311
|
$211.17 Million |
|
Vastned Retail Belgium
BR:VASTB
|
$211.16 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Pearl Global Industries Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 8,020,273,000 to 11,556,995,000, a change of 3,536,722,000 (44.1%).
- Net income of 2,483,317,000 contributed positively to equity growth.
- Dividend payments of 254,329,000 reduced retained earnings.
- Share repurchases of 1,504,209,000 reduced equity.
- New share issuances of 1,504,209,000 increased equity.
- Other comprehensive income increased equity by 11,341,410,999.
- Other factors decreased equity by 10,033,676,999.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₹2.48 Billion | +21.49% |
| Dividends Paid | ₹254.33 Million | -2.2% |
| Share Repurchases | ₹1.50 Billion | -13.02% |
| Share Issuances | ₹1.50 Billion | +13.02% |
| Other Comprehensive Income | ₹11.34 Billion | +98.13% |
| Other Changes | ₹-10.03 Billion | -86.82% |
| Total Change | ₹- | 44.10% |
Book Value vs Market Value Analysis
This analysis compares Pearl Global Industries Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 5.98x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 22.48x to 5.98x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2006-03-31 | ₹65.48 | ₹1472.10 | x |
| 2007-03-31 | ₹238.18 | ₹1472.10 | x |
| 2008-03-31 | ₹203.00 | ₹1472.10 | x |
| 2009-03-31 | ₹224.64 | ₹1472.10 | x |
| 2010-03-31 | ₹208.45 | ₹1472.10 | x |
| 2011-03-31 | ₹215.22 | ₹1472.10 | x |
| 2012-03-31 | ₹239.73 | ₹1472.10 | x |
| 2013-03-31 | ₹283.41 | ₹1472.10 | x |
| 2014-03-31 | ₹320.97 | ₹1472.10 | x |
| 2015-03-31 | ₹146.52 | ₹1472.10 | x |
| 2016-03-31 | ₹159.06 | ₹1472.10 | x |
| 2017-03-31 | ₹173.35 | ₹1472.10 | x |
| 2018-03-31 | ₹182.39 | ₹1472.10 | x |
| 2019-03-31 | ₹216.89 | ₹1472.10 | x |
| 2020-03-31 | ₹231.05 | ₹1472.10 | x |
| 2021-03-31 | ₹238.54 | ₹1472.10 | x |
| 2022-03-31 | ₹276.59 | ₹1472.10 | x |
| 2023-03-31 | ₹166.48 | ₹1472.10 | x |
| 2024-03-31 | ₹183.74 | ₹1472.10 | x |
| 2025-03-31 | ₹246.05 | ₹1472.10 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Pearl Global Industries Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 21.49%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 5.51%
- • Asset Turnover: 1.74x
- • Equity Multiplier: 2.25x
- Recent ROE (21.49%) is above the historical average (9.33%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2002 | 2.16% | 1.20% | 0.79x | 2.29x | ₹-34.29 Million |
| 2003 | 11.14% | 5.41% | 0.90x | 2.28x | ₹5.11 Million |
| 2004 | 14.88% | 7.30% | 0.86x | 2.36x | ₹22.86 Million |
| 2006 | 5.78% | 3.52% | 0.47x | 3.50x | ₹-40.91 Million |
| 2007 | 13.53% | 5.17% | 1.22x | 2.14x | ₹124.52 Million |
| 2008 | 12.63% | 4.63% | 1.28x | 2.13x | ₹104.26 Million |
| 2009 | 1.23% | 0.37% | 1.54x | 2.15x | ₹-384.29 Million |
| 2010 | 2.17% | 0.48% | 1.79x | 2.51x | ₹-318.16 Million |
| 2011 | 4.66% | 0.88% | 1.83x | 2.90x | ₹-224.04 Million |
| 2012 | 6.06% | 1.13% | 2.03x | 2.65x | ₹-204.46 Million |
| 2013 | 3.87% | 0.62% | 2.20x | 2.82x | ₹-376.10 Million |
| 2014 | 5.56% | 0.82% | 2.46x | 2.75x | ₹-308.91 Million |
| 2015 | 7.90% | 2.45% | 1.39x | 2.31x | ₹-66.74 Million |
| 2016 | 10.64% | 2.63% | 1.69x | 2.39x | ₹22.06 Million |
| 2017 | 8.92% | 2.20% | 1.70x | 2.38x | ₹-40.47 Million |
| 2018 | 6.09% | 1.61% | 1.60x | 2.37x | ₹-154.32 Million |
| 2019 | 14.32% | 3.83% | 1.60x | 2.34x | ₹202.93 Million |
| 2020 | 4.31% | 1.28% | 1.35x | 2.50x | ₹-284.93 Million |
| 2021 | 3.34% | 1.16% | 1.15x | 2.50x | ₹-344.50 Million |
| 2022 | 11.38% | 2.51% | 1.52x | 2.97x | ₹82.52 Million |
| 2023 | 20.66% | 4.73% | 1.77x | 2.46x | ₹770.08 Million |
| 2024 | 21.80% | 5.09% | 1.73x | 2.48x | ₹946.31 Million |
| 2025 | 21.49% | 5.51% | 1.74x | 2.25x | ₹1.33 Billion |
Industry Comparison
This section compares Pearl Global Industries Limited's net assets metrics with peer companies in the Apparel Manufacturing industry.
Industry Context
- Industry: Apparel Manufacturing
- Average net assets among peers: $6,637,378,320
- Average return on equity (ROE) among peers: 4.32%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Pearl Global Industries Limited (PGIL) | ₹12.71 Billion | 2.16% | 1.19x | $211.22 Million |
| Aditya Birla Fashion and Retail Limited (ABFRL) | $14.29 Billion | 22.48% | 3.63x | $374.74 Million |
| Arvind Fashions Limited (ARVINDFASN) | $90.00K | -11.11% | 2.44x | $338.02 Million |
| Bang Overseas Limited (BANG) | $832.73 Million | 0.11% | 0.89x | $1.27 Million |
| Bhandari Hosiery Exports Limited (BHANDARI) | $739.08 Million | 7.19% | 1.78x | $4.21 Million |
| Cantabil Retail India Limited (CANTABIL) | $774.86 Million | 6.54% | 0.77x | $58.42 Million |
| Celebrity Fashions Limited (CELEBRITY) | $1.50 Billion | -3.67% | 1.62x | $2.27 Million |
| Dollar Industries Limited (DOLLAR) | $1.45 Billion | 18.11% | 2.55x | $62.71 Million |
| Filatex Fashions Limited (FILATFASH) | $23.12 Billion | 0.41% | 0.06x | $9.78 Million |
| Future Lifestyle Fashions Limited (FLFL) | $19.22 Billion | 2.34% | 1.13x | $2.50 Million |
| Gokaldas Exports Limited (GOKEX) | $4.44 Billion | 0.77% | 1.08x | $393.89 Million |