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Pearl Global Industries Limited (PGIL) Fair Value & Analysis

Consumer Cyclical · IN · Market cap ₹95.2B

PG Pearl Global Industries Limited PGIL · NSE
Price₹2,378
Fair Value₹1,154
Upside-51.5%
Quality51/100
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Mixed Growth
Thin margins · 5.5% net margin
Low debt · generates free cash flow
0.70% dividend yield
Mixed vs. peers (6/14)
Moderate moat 51/100
Evidence: High Range ₹704.56 – ₹1,455 Share as image

Fair value as of: Aug 13, 2026

From 26 valuation models · updated 4 days ago

Share price +16.5% over the past month.

A solid business, but screening 51% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (₹1,455). The favourable scenario is already priced in.
  • Solid but not exceptional quality (51/100) and above fair value, neither a clear bargain nor a standout compounder.
  • A fairly wide model range (₹704.56 to ₹1,455) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

₹2,480 ₹82.32 Fair Value ₹1,154 Apr 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range ₹82.32 – ₹2,480 · fair‑value band ₹704.56 – ₹1,455 · the ₹2,378 price screens above the ₹1,154 fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Pearl Global Industries Limited (PGIL) currently trades at ₹2,378, while our model-based Fair Value estimate is ₹1,154, implying the stock looks roughly 51.5% overvalued today. The Quality Score stands at 51/100 (solid quality), in the Consumer Cyclical sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, Pearl Global Industries Limited generated revenue of ₹50.2B at a net margin of 5.5%. Revenue grew 6.9% year over year. It earns a return on equity of 20.9%. Net debt stands at ₹2.4B. Fundamentals as of Aug 13, 2026

Our scenario range runs from ₹704.56 (bear case) to ₹1,455 (bull case); at ₹2,378, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades near its 52-week high and 104% above its 52-week low, currently above its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at 27% fair-value upside, at -51%, PGIL screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Growth DCF ₹588.30 ₹1,072 ₹1,918 80
Residual Income ₹400.86 ₹541.75 ₹2,329 76
Rev-Margin DCF ₹810.55 ₹1,499 ₹2,489 74
All 26 models by family
DCF Models
FCF DCF ₹604.77 ₹977.32 ₹1,961 38
Owner Earnings ₹703.12 ₹1,352 ₹2,645 31
5Y Revenue Exit ₹810.55 ₹1,518 ₹2,618 39
5Y EBITDA Exit ₹884.74 ₹1,684 ₹2,838 41
5Y P/E Exit ₹944.65 ₹1,846 ₹2,980 38
10Y Revenue Exit ₹716.17 ₹1,413 ₹2,525 36
10Y EBITDA Exit ₹796.32 ₹1,544 ₹2,869 37
10Y P/E Exit ₹837.77 ₹1,650 ₹3,000 35
Earnings-Based
Graham-Dodd ₹408.81 ₹2,578 ₹3,602 54
Lynch FV ₹744.03 ₹1,063 ₹1,382 50
PEG = 1.0 ₹744.03 ₹1,063 ₹1,382 46
EPV ₹825.87 ₹941.81 ₹1,043 59
Dividend Discount
Gordon GGM ₹120.01 ₹249.53 ₹395.86 70
DDM Multi-Stage ₹120.01 ₹210.41 ₹261.89 61
Multiples
P/E Multiple ₹991.96 ₹1,323 ₹1,653 63
P/S Multiple ₹766.52 ₹1,022 ₹1,278 58
P/B Multiple ₹766.52 ₹1,022 ₹1,278 55
EV/EBIT ₹1,231 ₹1,598 ₹1,965 53
EV/EBITDA ₹1,034 ₹1,336 ₹1,637 54
EV/Revenue ₹872.30 ₹1,190 ₹1,508 43
Asset-Based
NCAV (Graham) ₹158.04 ₹211.78 ₹316.09 50
Growth DCF
Growth DCF ₹588.30 ₹1,072 ₹1,918 80
Rev-Margin DCF ₹810.55 ₹1,499 ₹2,489 74
Economic Profit
Residual Income ₹400.86 ₹541.75 ₹2,329 76
ROIC Compounder ₹946.28 ₹1,241 ₹1,625 72
Growth Earnings
Growth-Adj P/E ₹1,082 ₹1,545 ₹2,009 68

Widest divergence: Growth Earnings (₹1,545) versus Dividend Discount (₹210.41). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) ₹50.2B
Revenue growth (YoY) +6.9%
Net margin 5.5%
Return on equity 20.9%
Free cash flow ₹1.5B FY2026
P/E ratio 39.5
More key figures
Operating margin 8.5%
EPS (TTM) ₹60.18
Dividend yield 0.7%
EPS growth (YoY) +20.3%
Net debt ₹2.4B FY2026

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 51/100

Of which business quality 52 · Market factors (momentum, volatility) 89

Profitability 67
Margins and returns on capital today
Quality Growth 30
Are margins and returns improving?
Cashflow 31
Earnings quality: real cash, not paper profit
Fin. Strength 68
Balance sheet, leverage, solvency risk
Investment 30
Disciplined investing over empire-building
Low Volatility 63
Calm price path (market factor)
Momentum 100
Price trend over the last 3–12 months (market factor)
52W Momentum 100
Distance to the 52-week high (market factor)
Net Issuance 80
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Pearl Global Industries Limited, together with its subsidiaries, manufactures and sells readymade garments in India and internationally. The company offers knits, wovens, denim, outerwear, sleepwear and lounge, childrenswear, woven and knit garments, womenswear, menswear, activewear, and athleisure.

Full company description

Pearl Global Industries Limited, together with its subsidiaries, manufactures and sells readymade garments in India and internationally. The company offers knits, wovens, denim, outerwear, sleepwear and lounge, childrenswear, woven and knit garments, womenswear, menswear, activewear, and athleisure. It is also involved in the trading of ready-to-wear apparel; and skill development business. The company was formerly known as House of Pearl Fashions Limited. Pearl Global Industries Limited was incorporated in 1987 and is based in Gurugram, India.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Pearl Global Industries Limited reported revenue of ₹50.2B in FY2026 versus ₹27.1B in FY2022, a compound +16.7%/yr. Reported net income was ₹2.8B in FY2026, compounding +42.1%/yr from FY2022.

Growth Quality 81/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Latest Revenue (FY 2026)
₹50.2B
Latest YoY
+11.5%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+16.7%
Avg. growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+27.5%
Avg. growth/yr (24Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+18.9%
Revenue +16.7%/yr
FY22 ₹27.1B
FY23 ₹31.6B
FY24 ₹34.4B
FY25 ₹45.1B
FY26 ₹50.2B
Net income +42.1%/yr
FY22 ₹681M
FY23 ₹1.5B
FY24 ₹1.7B
FY25 ₹2.5B
FY26 ₹2.8B
Character of growth · EPS growth decomposed (2015-2026) +14.9 % p.a.
Revenue per share +5.1 pp

of which total revenue +14.1 pp · buybacks/dilution −9.1 pp

EBIT margin +8.3 pp
Tax rate +1.4 pp
Residual (interest, one-offs) +0.2 pp

Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).

PGIL screens 51% overvalued. Compare with H & M Hennes & Mauritz AB →

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Cite: Fair Value Calculator (2026). "Pearl Global Industries Limited Fair Value". https://www.fairvalue-calculator.com/stock/PGIL

Peer Group

Apparel Manufacturing · 210 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 51 · Below median
Fair Value upside −52% · Bottom 25%
Return on equity (TTM) 21% · Top 25%
Return on assets 8% · Top 25%
Net margin (TTM) 6% · Above median
Operating margin (TTM) 9% · Above median
Revenue growth 7% · Above median
Dividend yield (TTM) 0.7% · Bottom 25%
Debt / equity 0.07× · Higher than median

Valuation Multiples vs Apparel Manufacturing median · lower = cheaper

P/E (TTM) 39.5× · Pricier than 75% of peers
P/B 6.52× · Pricier than 75% of peers
P/S (TTM) 1.89× · Pricier than 75% of peers
P/FCF 0.7× · Cheaper than median
EV/EBITDA 20.8× · Pricier than 75% of peers

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 0 · sector 28
FUTURE 35 · sector 4
PAST 84 · sector 21
HEALTH 96 · sector 98
DIVIDEND 14 · sector 55

VALUE 0: the price sits above our fair-value range.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Apparel Manufacturing stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).

Stock Price Fair Value vs Fair Value
H & M Hennes & Mauritz AB HMB kr 174.25 kr 165.47 -5%
LPP SA LPP 22,220 PLN 17,754 PLN -20%
Bosideng International Holdings 3998 HK$4.65 HK$5.92 +27%
Youngor Fashion Co 600177 ¥7.78 ¥5.59 -28%
Page Industries Limited PAGEIND ₹38,295 ₹12,395 -68%
Hla Group 600398 ¥6.07 ¥9.92 +63%
Youngone Corporation 111770 85,200 KRW 188,736 KRW +122%
F&F Co 383220 68,800 KRW 179,500 KRW +161%
Youngone Holdings 009970 188,300 KRW 697,038 KRW +270%
Wiselink Co 8932 105.00 TWD 37.95 TWD -64%

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Frequently asked questions

Is Pearl Global Industries Limited (PGIL) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of ₹1,154 versus a price of ₹2,378, about −51% (overvalued).
What is the fair value of PGIL?
Our model-based fair value for Pearl Global Industries Limited is ₹1,154 (as of Aug 13, 2026), built from audited fundamentals. The current price is ₹2,378.
What is the quality score of PGIL?
Pearl Global Industries Limited has a Quality Score of 51/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Pearl Global Industries Limited (PGIL)?
Pearl Global Industries Limited reported trailing-twelve-month revenue of about ₹50.2B (latest available figure, as of Aug 13, 2026).
What is the net profit margin of PGIL?
The net profit margin of Pearl Global Industries Limited is about 5.5%, meaning it keeps roughly 5.5% of revenue as net income. Based on the latest reported figures.
Does Pearl Global Industries Limited pay a dividend?
Pearl Global Industries Limited currently shows a dividend yield of about 0.70% relative to its recent price (as of Aug 13, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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