Pearl Global Industries Limited (PGIL) - Net Assets

Latest as of March 2026: Rs14.38 Billion INR ≈ $155.51 Million USD

Based on the latest financial reports, Pearl Global Industries Limited (PGIL) has net assets worth Rs14.38 Billion INR (≈ $155.51 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs32.45 Billion ≈ $350.90 Million USD) and total liabilities (Rs18.07 Billion ≈ $195.39 Million USD). 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. Also explore Pearl Global Industries Limited assets under control for the complete picture of this company's asset base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	Rs14.38 Billion
% of Total Assets	44.32%
Annual Growth Rate	13.8%
5-Year Change	133.87%
10-Year Change	271.5%
Growth Volatility	60.97

Pearl Global Industries Limited - Net Assets Trend (2002–2026)

This chart illustrates how Pearl Global Industries Limited's net assets have evolved over time, based on quarterly financial data. Check tangible equity quality of Pearl Global Industries Limited to evaluate the tangible quality of the company's equity base.

Annual Net Assets for Pearl Global Industries Limited (2002–2026)

The table below shows the annual net assets of Pearl Global Industries Limited from 2002 to 2026. For live valuation and market cap data, see market cap of Pearl Global Industries Limited.

Year	Net Assets	Change
2026-03-31	Rs14.38 Billion ≈ $155.51 Million	+25.43%
2025-03-31	Rs11.46 Billion ≈ $123.99 Million	+40.25%
2024-03-31	Rs8.17 Billion ≈ $88.41 Million	+10.06%
2023-03-31	Rs7.43 Billion ≈ $80.33 Million	+20.80%
2022-03-31	Rs6.15 Billion ≈ $66.50 Million	+15.98%
2021-03-31	Rs5.30 Billion ≈ $57.33 Million	+3.24%
2020-03-31	Rs5.14 Billion ≈ $55.54 Million	+6.68%
2019-03-31	Rs4.81 Billion ≈ $52.06 Million	+18.93%
2018-03-31	Rs4.05 Billion ≈ $43.78 Million	+4.57%
2017-03-31	Rs3.87 Billion ≈ $41.86 Million	+9.34%
2016-03-31	Rs3.54 Billion ≈ $38.29 Million	+8.17%
2015-03-31	Rs3.27 Billion ≈ $35.39 Million	-55.84%
2014-03-31	Rs7.41 Billion ≈ $80.15 Million	+13.53%
2013-03-31	Rs6.53 Billion ≈ $70.60 Million	+19.10%
2012-03-31	Rs5.48 Billion ≈ $59.27 Million	+16.29%
2011-03-31	Rs4.71 Billion ≈ $50.97 Million	+3.73%
2010-03-31	Rs4.54 Billion ≈ $49.14 Million	-3.28%
2009-03-31	Rs4.70 Billion ≈ $50.80 Million	+8.26%
2008-03-31	Rs4.34 Billion ≈ $46.93 Million	+11.05%
2007-03-31	Rs3.91 Billion ≈ $42.26 Million	+302.97%
2006-03-31	Rs969.62 Million ≈ $10.49 Million	+32.18%
2005-03-31	Rs733.57 Million ≈ $7.93 Million	+3.02%
2004-03-31	Rs712.07 Million ≈ $7.70 Million	+7.17%
2003-03-31	Rs664.44 Million ≈ $7.19 Million	+2.72%
2002-03-31	Rs646.84 Million ≈ $7.00 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 decreased by 0.0% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (March 2026)

Component	Amount	Percentage
Common Stock	Rs230.73 Million	1.58%
Other Components	Rs14.37 Billion	98.42%
Total Equity	Rs14.60 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
Vetoquinol PA:VETO	$986.33 Million
Hangzhou Cogeneration Group Co Ltd SHG:605011	$987.11 Million
Wangneng Environment Co Ltd SHE:002034	$987.23 Million
Shanghai Jiao Yun Group Co Ltd SHG:600676	$987.29 Million
China Petrochemical Development Corp TW:1314	$986.14 Million
MONGOLIAN MINING CRP.REGS F:29X2	$986.02 Million
Cinda Real Estate Co Ltd SHG:600657	$984.87 Million
Tianjin Capital Environmental Protection Group Co Ltd SHG:600874	$984.87 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 2025 to 2026, total equity changed from 11,556,995,000 to 14,598,148,000, a change of 3,041,153,000 (26.3%).
Net income of 2,776,538,000 contributed positively to equity growth.
Dividend payments of 603,660,000 reduced retained earnings.
New share issuances of 65,847,000 increased equity.
Other comprehensive income decreased equity by 11,327,319,000.
Other factors increased equity by 12,129,747,000.

Equity Change Factors (2025 to 2026)

Factor	Impact	Contribution
Net Income	Rs2.78 Billion	+19.02%
Dividends Paid	Rs603.66 Million	-4.14%
Share Issuances	Rs65.85 Million	+0.45%
Other Comprehensive Income	Rs-11.33 Billion	-77.59%
Other Changes	Rs12.13 Billion	+83.09%
Total Change	Rs-	26.31%

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: 6.24x
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 30.16x to 6.24x 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	Rs65.48	Rs1974.50	x
2007-03-31	Rs238.18	Rs1974.50	x
2008-03-31	Rs203.00	Rs1974.50	x
2009-03-31	Rs224.64	Rs1974.50	x
2010-03-31	Rs208.45	Rs1974.50	x
2011-03-31	Rs215.22	Rs1974.50	x
2012-03-31	Rs239.73	Rs1974.50	x
2013-03-31	Rs283.41	Rs1974.50	x
2014-03-31	Rs320.97	Rs1974.50	x
2015-03-31	Rs146.52	Rs1974.50	x
2016-03-31	Rs159.06	Rs1974.50	x
2017-03-31	Rs173.35	Rs1974.50	x
2018-03-31	Rs182.39	Rs1974.50	x
2019-03-31	Rs216.89	Rs1974.50	x
2020-03-31	Rs231.05	Rs1974.50	x
2021-03-31	Rs238.54	Rs1974.50	x
2022-03-31	Rs276.59	Rs1974.50	x
2023-03-31	Rs166.48	Rs1974.50	x
2024-03-31	Rs183.74	Rs1974.50	x
2025-03-31	Rs246.05	Rs1974.50	x
2026-03-31	Rs316.30	Rs1974.50	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): 19.02%
The company demonstrates strong efficiency in generating profits from shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 5.53%
• Asset Turnover: 1.55x
• Equity Multiplier: 2.22x
Recent ROE (19.02%) is above the historical average (9.73%), 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	Rs-34.29 Million
2003	11.14%	5.41%	0.90x	2.28x	Rs5.11 Million
2004	14.88%	7.30%	0.86x	2.36x	Rs22.86 Million
2006	5.78%	3.52%	0.47x	3.50x	Rs-40.91 Million
2007	13.53%	5.17%	1.22x	2.14x	Rs124.52 Million
2008	12.63%	4.63%	1.28x	2.13x	Rs104.26 Million
2009	1.23%	0.37%	1.54x	2.15x	Rs-384.29 Million
2010	2.17%	0.48%	1.79x	2.51x	Rs-318.16 Million
2011	4.66%	0.88%	1.83x	2.90x	Rs-224.04 Million
2012	6.06%	1.13%	2.03x	2.65x	Rs-204.46 Million
2013	3.87%	0.62%	2.20x	2.82x	Rs-376.10 Million
2014	5.56%	0.82%	2.46x	2.75x	Rs-308.91 Million
2015	7.90%	2.45%	1.39x	2.31x	Rs-66.74 Million
2016	10.64%	2.63%	1.69x	2.39x	Rs22.06 Million
2017	8.92%	2.20%	1.70x	2.38x	Rs-40.47 Million
2018	6.09%	1.61%	1.60x	2.37x	Rs-154.32 Million
2019	14.32%	3.83%	1.60x	2.34x	Rs202.93 Million
2020	4.31%	1.28%	1.35x	2.50x	Rs-284.93 Million
2021	3.34%	1.16%	1.15x	2.50x	Rs-344.50 Million
2022	11.38%	2.51%	1.52x	2.97x	Rs82.52 Million
2023	20.66%	4.73%	1.77x	2.46x	Rs770.08 Million
2024	21.80%	5.09%	1.73x	2.48x	Rs946.31 Million
2025	21.49%	5.51%	1.74x	2.25x	Rs1.33 Billion
2026	19.02%	5.53%	1.55x	2.22x	Rs1.32 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: $6,465,405,826
Average return on equity (ROE) among peers: 5.70%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Pearl Global Industries Limited (PGIL)	Rs14.38 Billion	2.16%	1.26x	$986.19 Million
Aditya Birla Fashion and Retail Limited (ABFRL)	$26.76 Billion	-25.13%	2.80x	$740.19 Million
Arvind Fashions Limited (ARVINDFASN)	$90.00K	-11.11%	2.44x	$668.60 Million
Bang Overseas Limited (BANG)	$871.01 Million	-2.49%	0.96x	$4.12 Million
Bhandari Hosiery Exports Limited (BHANDARI)	$590.53 Million	7.12%	1.53x	$10.41 Million
Cantabil Retail India Limited (CANTABIL)	$2.21 Billion	30.37%	1.77x	$216.93 Million
Dollar Industries Limited (DOLLAR)	$7.09 Billion	7.41%	0.51x	$158.25 Million
Future Lifestyle Fashions Limited (FLFL)	$19.22 Billion	2.34%	1.13x	$3.05 Million
Gokaldas Exports Limited (GOKEX)	$7.08 Billion	16.53%	0.71x	$658.11 Million
Iris Clothings Limited (IRISDOREME)	$822.84 Million	15.95%	0.91x	$88.29 Million
Nandani Creation Limited (JAIPURKURT)	$119.00K	15.97%	26.61x	$5.04 Million

About Pearl Global Industries Limited

NSE:PGIL India Apparel Manufacturing

Market Cap

$986.19 Million

Rs91.19 Billion INR

Market Cap Rank

#8792 Global

#441 in India

Share Price

Rs1974.50

Change (1 day)

+1.27%

52-Week Range

Rs1203.90 - Rs2094.70

All Time High

Rs2094.70