Pearl Global Industries Limited (PGIL.NS) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

-42.0%

₹740.23

vs ₹1,276.00 price

Levered DCF

₹670.43

After debt service

Piotroski score

3 / 9

Weak

Altman Z-score

—

Rating

C+

Overall 2 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
P/E	22.44×	23.89×	14.24×	5.94×	13.51×	21.5×	5.53×	2.89×
P/B	4.27×	5.34×	3.1×	1.23×	0.77×	0.36×	0.24×	0.41×
P/S	1.24×	1.37×	0.72×	0.28×	0.17×	0.12×	0.07×	0.11×
EV / EBITDA	13.94×	15.93×	8.67×	3.63×	5.06×	5.18×	3.94×	2.87×
Gross margin	26.8%	47.4%	16.8%	48.4%	33.2%	37.6%	41.4%	39.2%
Operating margin	7.5%	6.3%	8.3%	7.4%	4.3%	1.5%	1.5%	4.4%
Net margin	5.5%	5.5%	5.1%	4.7%	2.5%	1.2%	1.3%	3.8%
Current ratio	1.6×	1.57×	1.45×	1.42×	1.37×	1.47×	1.38×	1.39×
Debt / equity	0.65×	0.67×	0.73×	0.77×	1.08×	0.85×	0.92×	0.71×
Interest coverage	3.65×	2.85×	2.85×	2.84×	1.91×	0.47×	0.48×	1.83×
Dividend yield	1.0%	0.4%	2.0%	0.9%	0.0%	0.0%	5.4%	2.2%
Payout ratio	21.7%	10.2%	27.9%	5.1%	0.0%	0.0%	29.9%	6.4%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	19.0%	21.5%	21.8%	20.7%	11.4%	3.3%	4.3%	14.3%
Return on invested capital	13.4%	12.4%	17.1%	15.2%	7.2%	2.2%	1.7%	7.2%
Return on assets	8.6%	9.6%	8.8%	8.4%	3.8%	1.3%	1.7%	6.1%
Free cash flow yield	2.4%	0.9%	9.0%	31.2%	-38.1%	33.8%	-29.3%	-8.0%
Earnings yield	4.5%	4.0%	7.0%	16.8%	14.8%	9.3%	18.1%	34.5%
Enterprise value	₹64.7B	₹64.3B	₹27.5B	₹11.9B	₹9.9B	₹5.3B	₹4.9B	₹4.3B
Net debt / EBITDA	0.51×	0.65×	0.82×	0.92×	2.7×	3.37×	2.98×	1.58×
Cash conversion cycle (days)	53	56	37	59	86	91	93	75