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30.06.2019
AAKASHAYA PATRA EXCLUSIVE STOCK FOR INVESTMENT:

Pearl Global (CMP 168.55)
Target -  210-220, SL – 142 Time Frame 12 to 18 Months

Incorporated in 1989, Gurugram based Pearl Global Industries Limited,together with its subsidiaries,manufactures, sources, distributes,and exports readymade garments.The company offers knits, woven,and bottoms for men, women, and kids. It also provides supply chain solutions. The company offers its products through retailers in India, the United States, Europe, Bangladesh, Hong Kong, and internationally. It also offers products through its e-commerce portal SbuyS.in, as well as through other online retail platforms.With an equity capital of Rs.21.66crore and reserves of Rs.448.20crore,its share book value works out to Rs.222.21 and stock is trading at 0.76x price to book value. The promoters hold 66.58%, FIIs hold 6.01% while other investing public hold 24.83% stake in this company.

Company has posted strong numbers for Q4FY19 & FY19. During Q4FY19, its net profit zoomed 177.68% to Rs.35.86crore from Rs.12.91crore in Q4FY18 on 15.42% higher sales of Rs.502.54crore in Q4FY19 fetching an EPS of Rs.16.55. During FY19, its PAT soared 179.39% to Rs.67.28crore from Rs.24.08crore in FY18 on 17.48% higher sales of Rs.1757.50crore
fetching an EPS of Rs.31.06. Currently, the stock trades at a P/E of 5.4x. It recommends 30% dividend for FY19.

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