Pearl Group

Navi Mumbai, India Listed
Ocean freight forwarding and logistics services are provided globally.
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About Pearl Group

Pearl Group is a publicly listed company based in Navi Mumbai (India). Ocean freight forwarding and logistics services are provided globally. It operates on a Professional Services and Reseller / Distribution model. Its Indian entity Pearl Global Industries Limited reported revenue of ₹5,062 Cr. Pearl Group offers products and services including NVOCC and Freight Forwarding, CFS/ICD/Warehouse Operations, Lashing, Chocking & Palletisation, Security and Facilities Management, and Staffing Solutions. Its focus areas include Transportation, Logistics and Freight Forwarding.

Company details

Pearl Group is involved in providing comprehensive logistics solutions, including freight forwarding, NVOCC services, and warehouse management. Operations are conducted in sectors such as cargo handling, factory stuffing, and security management. Customized staffing solutions are offered alongside facilities management. With a presence in India, Singapore, and Malaysia, a wide network is maintained for seamless global services. Over 26 years of experience is leveraged to ensure quality and safety in all operations.

  • Headquarters Navi Mumbai, India
  • Stage Public
  • Sectors
    Transportation, Automotive & Logistics
  • Phone
    •••• ••••
  • Website pearlgroup.in
  • Legal Name Pearl Global Industries Limited
  • Date of Incorporation 05 Jul, 1989
  • Jurisdiction Gurgaon, Haryana, India
Operational Areas
Transportation, Automotive & Logistics → Freight Forwarders
Key Metrics
  • Market Cap
    ₹11,194 Cr

    PGIL · NSE

  • Share Price
    ₹1,224.00

    +1.02% today

  • Revenue
    ₹5,025 Cr

    FY 2025-26 · +11.5% YoY

  • EBITDA
    ₹482 Cr

    Margin 9.6%

  • Net Profit
    ₹275 Cr

    FY 2025-26 · +15.4% YoY

  • P/E (TTM)
    35.9x

    P/B 7.7x

  • ROE
    20.6%

    ROCE 19.4%

  • Debt / Equity
    0.66

    Interest cover 31.1x

Products & Services of Pearl Group

Pearl Group offers a comprehensive portfolio of products and services, including NVOCC and Freight Forwarding, CFS/ICD/Warehouse Operations, Lashing, Chocking & Palletisation, Security and Facilities Management, and Staffing Solutions.

NVOCC and Freight Forwarding
Logistics

Global cargo transport services are provided with efficiency.

CFS/ICD/Warehouse Operations
Logistics

Cargo handling and storage services are managed expertly.

Lashing, Chocking & Palletisation
Logistics

Cargo securing solutions are offered for safe transport.

Security and Facilities Management
Services

Comprehensive security solutions are provided for client facilities.

Staffing Solutions
Services

Manpower and HR management services are efficiently delivered.

Board of directors of Pearl Global Industries Limited (Pearl Group)

Pearl Global Industries Limited is the primary company behind Pearl Group. The boards of the 2 registered companies of Pearl Group currently have 15 directors; the longest-serving is Deepak Kumar Seth, appointed in 1994. 37 earlier directors have ceased.

DirectorDesignationAppointedTenureEntity
Deepak Kumar Seth
DIN 00003021
Director22 Mar 199432 yrs 7 moPearl Global Industries Limited
Pulkit Seth
DIN 00003044
Director01 Nov 200421 yrs 11 moPearl Global Industries Limited
Shariq Ashraf
DIN 02603608
Director01 Jul 200719 yrs 3 moPearl Freight Services Private Limited
Shifalli Seth
DIN 01388430
Director19 Jan 201214 yrs 9 moPearl Global Industries Limited
Shayan Jamshaid Ashraf
DIN 02054943
Director16 Dec 201312 yrs 10 moPearl Freight Services Private Limited
Jamshaid Ashraf Naziruddin
DIN 02043894
Director11 Mar 201610 yrs 7 moPearl Freight Services Private Limited
Abhishek Goyal
DIN 01928855
Director26 May 20179 yrs 4 moPearl Global Industries Limited
Pallab Banerjee
DIN 07193749
Managing Director01 Oct 20215 yrsPearl Global Industries Limited
Deepak Kumar
DIN 09497467
Whole-time director14 Feb 20224 yrs 8 moPearl Global Industries Limited
Ashwini Agarwal
DIN 00362480
Director12 Feb 20242 yrs 8 moPearl Global Industries Limited
Sanjay Kapoor
DIN 00264602
Director12 Feb 20242 yrs 8 moPearl Global Industries Limited
Rahul Mehta Narendra
DIN 00165521
Director11 Feb 20251 yr 8 moPearl Global Industries Limited
Jyoti Arora
DIN 00353071
Director11 Feb 20251 yr 8 moPearl Global Industries Limited
Rajesh Kumar Singh
DIN 11690324
Director14 May 20265 moPearl Global Industries Limited
Sandeep Vohra
DIN 11824360
Whole-time director05 Aug 20262 moPearl Global Industries Limited

IPO & Listings of Pearl Group

Pearl Group is a publicly listed company on the NSE with ticker symbol PGIL in India, operating in the Readymade Garments/ Apparells sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.

  • Listed onNSE: PGIL
  • Listed entityPearl Global Industries Limited
  • Exchange sectorReadymade Garments/ Apparells

Financials of Pearl Group

Exchange-reported figures of Pearl Global Industries Limited, the listed company behind Pearl Group (NSE: PGIL).

Financial Highlights

FY 2025-26 · Consolidated
Revenue
₹5,025 Cr
+11.5% YoY
EBITDA
₹482 Cr
+15.7% YoY
Profit After Tax
₹275 Cr
+15.4% YoY
Net Worth
₹1,460 Cr
+26.3% YoY
Total Assets
₹2,450 Cr
+24.5% YoY
Total Debt
₹943 Cr
+22.0% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue5,0254,5063,4363,1582,7141,4911,685
Revenue growth+11.5%+31.1%+8.8%+16.4%+82.0%-11.5%-
EBITDA48241732422615556.0675.17
EBITDA margin+9.6%+9.3%+9.4%+7.2%+5.7%+3.8%+4.5%
Profit before tax30926719217685.8211.3631.22
Net profit27523817313960.848.1824.79
Net profit margin+5.5%+5.3%+5.0%+4.4%+2.2%+0.6%+1.5%
EPS (₹)60.1754.0640.1168.9031.467.979.95
Balance sheet
Total assets2,4501,9681,4591,3351,3161,0251,029
Net worth1,4601,156802722599517501
Total debt943773588558645440463
Cash & bank747566366294150117110
Net working capital1,4381,130753710780484482
Cash flow
Cash from operations398176352365(91.50)94.6163.72
Cash from investing(158)(104)(128)(25.70)(39.63)(26.05)(84.53)
Cash from financing(45.92)101(152)(200)153(61.94)14.56
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue1,5281,3141,1701,3131,2281,2291,0231,202
Revenue growth (YoY)+24.5%+6.9%+14.4%+9.2%+16.6%---
Other income10.7110.197.508.1711.308.485.9312.72
EBITDA16113495.5612111211791.3492.56
EBITDA margin+10.5%+10.2%+8.2%+9.2%+9.1%+9.5%+8.9%+7.7%
Depreciation25.6722.8122.3622.3919.7220.6719.3818.07
Interest26.5826.3022.1427.4327.3527.2724.1924.60
Profit before tax12095.0658.5679.3876.3377.7953.7062.61
Tax20.3314.067.047.4010.7712.825.466.98
Net profit99.2381.0051.5271.9865.5664.9748.2455.63
EPS (₹)21.7118.0011.5315.8414.6214.9612.3812.77
MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue1,0811,1969541,104934771825
Revenue growth-9.6%+25.4%-13.6%+18.2%+21.1%-6.5%-
EBITDA67.6963.5544.9641.1944.20(12.72)21.33
EBITDA margin+6.3%+5.3%+4.7%+3.7%+4.7%-1.7%+2.6%
Profit before tax77.9262.9430.4961.6636.10(9.19)10.91
Net profit65.0441.0726.2346.0424.86(12.02)4.09
Net profit margin+6.0%+3.4%+2.8%+4.2%+2.7%-1.6%+0.5%
EPS (₹)14.9111.956.4824.8412.540.362.31
Balance sheet
Total assets953895661636670602600
Net worth582562374381343314306
Total debt352314270242285247253
Cash & bank20322084.7889.3864.6057.0829.91
Net working capital477441259266323234218
Cash flow
Cash from operations35.8543.4162.2890.77(23.34)41.2711.84
Cash from investing24.94(27.82)(11.95)37.306.9315.18(32.14)
Cash from financing(76.91)115(56.50)(104)13.63(31.05)18.55
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue340304246264267397235287
Revenue growth (YoY)+27.4%-23.5%+4.6%-8.0%-3.4%---
Other income12.0411.9218.0021.7825.947.1012.1323.26
Total expenses320281235254249359228288
EBITDA19.6023.0811.729.7518.0438.977.50(0.96)
EBITDA margin+5.8%+7.6%+4.8%+3.7%+6.8%+9.8%+3.2%-0.3%
Depreciation6.946.937.117.886.306.986.956.74
Interest7.388.377.618.669.459.388.226.78
Profit before tax17.3219.7015.0014.9928.2329.714.468.78
Tax4.875.530.940.252.386.460.26(2.80)

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 23 Oct 2026
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue1,5281,3141,1701,3131,2281,2291,0231,202
Revenue growth (YoY)+24.5%+6.9%+14.4%+9.2%+16.6%---
Other income10.7110.197.508.1711.308.485.9312.72
EBITDA16113495.5612111211791.3492.56
EBITDA margin+10.5%+10.2%+8.2%+9.2%+9.1%+9.5%+8.9%+7.7%
Depreciation25.6722.8122.3622.3919.7220.6719.3818.07
Interest26.5826.3022.1427.4327.3527.2724.1924.60
Profit before tax12095.0658.5679.3876.3377.7953.7062.61
Tax20.3314.067.047.4010.7712.825.466.98
Net profit99.2381.0051.5271.9865.5664.9748.2455.63
EPS (₹)21.7118.0011.5315.8414.6214.9612.3812.77
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue5,0254,5063,4363,1582,7141,4911,685
Revenue growth+11.5%+31.1%+8.8%+16.4%+82.0%-11.5%-
Other income37.1338.1232.3782.2540.2146.8650.62
Total expenses4,5424,0893,1122,9322,5581,4351,610
Employee cost956839670561459325393
EBITDA48241732422615556.0675.17
EBITDA margin+9.6%+9.3%+9.4%+7.2%+5.7%+3.8%+4.5%
Depreciation87.2775.2264.2050.7848.3444.1142.04
Interest12311299.9082.1061.3347.4552.53
Profit before tax30926719217685.8211.3631.22
Tax39.2836.5622.9322.8615.71(6.13)9.50
Net profit27523817313960.848.1824.79
Net profit margin+5.5%+5.3%+5.0%+4.4%+2.2%+0.6%+1.5%
EPS (₹)60.1754.0640.1168.9031.467.979.95
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital23.0722.9721.7921.6621.6621.6621.66
Reserves & surplus1,4371,133780701577496479
Shareholders' funds (net worth)1,4601,156802722599517501
Minority interest(21.82)(9.21)15.4320.3115.9312.9412.96
Secured loans671537434446562365385
Unsecured loans27123615411282.7674.5477.98
Total debt943773588558645440463
Total liabilities2,4501,9681,4591,3351,3161,0251,029
Assets
Gross block1,3031,101940773653550542
Net block818727612500448390422
Capital work in progress11343.9634.8833.1315.2247.0136.10
Investments35.6524.2729.9759.7755.1854.9037.77
Inventories882705503514541281264
Sundry debtors407324265209367242220
Cash & bank balances747566366294150117110
Loans & advances196162144138185115108
Total current assets2,2331,7581,2801,1571,243756702
Total current liabilities794628526446463272221
Net working capital1,4381,130753710780484482
Total assets2,4501,9681,4591,3351,3161,0251,029
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash51032825611794.7188.0994.34
Net cash from operating activities398176352365(91.50)94.6163.72
Net cash from investing activities(158)(104)(128)(25.70)(39.63)(26.05)(84.53)
Net cash from financing activities(45.92)101(152)(200)153(61.94)14.56
Net change in cash19417471.8113922.146.62(6.25)
Closing cash747566366294150117110
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth+11.5%+31.1%+8.8%+16.4%+82.0%-11.5%-
EBITDA growth+15.7%+28.8%+43.0%+45.8%+177.0%-25.4%-
PBT growth+15.7%+39.2%+9.2%+104.9%+655.5%-63.6%-62.4%
Net income growth+15.4%+37.8%+24.1%+128.7%+643.8%-67.0%-
Revenue CAGR (3Y)+16.7%+18.4%+32.1%+23.3%+15.6%-0.1%+3.1%
EBITDA CAGR (3Y)+28.7%+39.0%+79.4%+44.4%+15.7%+14.7%+1.1%
Profitability & leverage
Net income margin+5.4%+5.1%+4.9%+4.8%+2.6%+1.2%+1.3%
Return on capital employed+19.4%+22.2%+21.2%+19.7%+12.0%+4.5%+9.4%
Return on net worth+20.7%+23.6%+22.2%+23.2%+11.3%+1.7%+5.1%
Debt / equity0.660.700.750.910.970.890.82
Long-term debt / equity0.240.260.270.290.350.350.26
Interest cover31.0932.9238.4846.7357.35397.07158.56
Efficiency & per share
Fixed asset turnover4.184.424.014.434.512.733.54
Inventory turnover6.337.466.755.996.605.476.73
Debtors turnover13.7315.2814.4810.978.916.457.62
EPS (₹)60.1754.0640.1168.9031.467.979.95
Dividend per share (₹)14.5011.5017.507.505.000.000.00
Book value per share (₹)316.35251.59184.02333.49276.47238.74231.06
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue340304246264267397235287
Revenue growth (YoY)+27.4%-23.5%+4.6%-8.0%-3.4%---
Other income12.0411.9218.0021.7825.947.1012.1323.26
Total expenses320281235254249359228288
EBITDA19.6023.0811.729.7518.0438.977.50(0.96)
EBITDA margin+5.8%+7.6%+4.8%+3.7%+6.8%+9.8%+3.2%-0.3%
Depreciation6.946.937.117.886.306.986.956.74
Interest7.388.377.618.669.459.388.226.78
Profit before tax17.3219.7015.0014.9928.2329.714.468.78
Tax4.875.530.940.252.386.460.26(2.80)
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue1,0811,1969541,104934771825
Revenue growth-9.6%+25.4%-13.6%+18.2%+21.1%-6.5%-
Other income77.6460.4042.3272.9538.6347.4435.23
Total expenses1,0141,1339091,063890784804
Employee cost274280240198152108150
EBITDA67.6963.5544.9641.1944.20(12.72)21.33
EBITDA margin+6.3%+5.3%+4.7%+3.7%+4.7%-1.7%+2.6%
Depreciation28.2327.0724.3918.8317.6318.1317.62
Interest39.1833.9432.4033.6529.1025.7828.03
Profit before tax77.9262.9430.4961.6636.10(9.19)10.91
Tax9.098.042.247.858.95(9.97)5.90
Net profit65.0441.0726.2346.0424.86(12.02)4.09
Net profit margin+6.0%+3.4%+2.8%+4.2%+2.7%-1.6%+0.5%
EPS (₹)14.9111.956.4824.8412.540.362.31
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital23.0722.9721.7921.6621.6621.6621.66
Reserves & surplus559539352359322292284
Shareholders' funds (net worth)582562374381343314306
Secured loans275259232206260215222
Unsecured loans76.9754.7238.4235.2025.3932.1830.50
Total debt352314270242285247253
Total liabilities953895661636670602600
Assets
Gross block435397364315287288284
Net block277264244217206219233
Capital work in progress3.001.2414.326.920.000.422.33
Investments169164125132132127126
Inventories193170151136222133148
Sundry debtors16514312611011614597.40
Cash & bank balances20322084.7889.3864.6057.0829.91
Loans & advances12811175.3375.7811173.7854.02
Total current assets688645437411513409329
Total current liabilities212204178146191175112
Net working capital477441259266323234218
Total assets953895661636670602600
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash19161.2467.4143.2246.0020.6022.35
Net cash from operating activities35.8543.4162.2890.77(23.34)41.2711.84
Net cash from investing activities24.94(27.82)(11.95)37.306.9315.18(32.14)
Net cash from financing activities(76.91)115(56.50)(104)13.63(31.05)18.55
Net change in cash(16.11)130(6.17)24.19(2.77)25.40(1.75)
Closing cash20322084.7889.3864.6057.0829.91
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth-9.6%+25.4%-13.6%+18.2%+21.1%-6.5%-
EBITDA growth+6.5%+41.4%+9.2%-6.8%+447.5%-159.6%-
PBT growth+23.8%+106.4%-50.6%+70.8%+9998.0%--65.8%
Net income growth+58.4%+56.6%-43.0%+85.2%+306.8%-393.9%-
Revenue CAGR (3Y)-0.7%+8.6%+7.3%+10.2%+3.6%+2.8%-1.3%
EBITDA CAGR (3Y)+18.0%+12.9%-+24.5%+17.9%+5.7%+50.7%
Profitability & leverage
Net income margin+6.4%+4.6%+3.0%+4.9%+2.9%+0.1%+0.6%
Return on capital employed+12.7%+10.9%+9.7%+13.2%+10.3%+0.6%+6.4%
Return on net worth+12.0%+8.8%+7.5%+12.7%+8.3%-3.9%+1.3%
Debt / equity0.580.620.680.730.810.810.73
Long-term debt / equity0.150.180.230.270.330.310.18
Interest cover99.2993.04157.51150.49109.52-83.57755.53
Efficiency & per share
Fixed asset turnover2.603.142.813.663.252.703.14
Inventory turnover5.957.456.666.185.275.505.83
Debtors turnover7.038.888.069.757.156.367.91
EPS (₹)14.9111.956.4824.8412.540.362.31
Dividend per share (₹)14.5011.5017.507.505.000.000.00
Book value per share (₹)126.13122.2585.84175.80158.55144.81141.19

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Frequently Asked Questions about Pearl Group

Pearl Group is headquartered in Navi Mumbai, India. It is registered at Navi Mumbai, Maharashtra, India.

The primary company behind Pearl Group, Pearl Global Industries Limited, reported revenue of ₹5,062 Cr for FY 2026, up 12% year on year.

Pearl Group is involved in providing comprehensive logistics solutions, including freight forwarding, NVOCC services, and warehouse management. Operations are conducted in sectors such as cargo handling, factory stuffing, and security management. Customized staffing solutions are offered alongside facilities management. With a presence in India, Singapore, and Malaysia, a wide network is maintained for seamless global services. Over 26 years of experience is leveraged to ensure quality and safety in all operations.

Pearl Group offers NVOCC and Freight Forwarding, CFS/ICD/Warehouse Operations, Lashing, Chocking & Palletisation, Security and Facilities Management, and Staffing Solutions.

Yes, Pearl Group is publicly traded on NSE under the ticker symbol PGIL.

Pearl Group is associated with 2 legal entities: Pearl Global Industries Limited, Pearl Freight Services Private Limited.

The legal entities of Pearl Group currently have 17 directors, including Abhishek Goyal, Pulkit Seth, Shilpa Saraf and others.

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