
Gokaldas Exports vs Pearl Global Industries: Share Price, Comparison and Key Differences
Gokaldas Exports MCap Rs 5,903 Cr, PE 58.94x, ROE 4.63%, D/E 0.59. Pearl Global Industries MCap Rs 11,367 Cr, PE 37.43x, ROE 19.02%, D/E 0.65.
Updated: 11 Aug 2026 • 1:27 pm
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Gokaldas Exports vs Pearl Global Industries is a comparison garment export investors look up when evaluating two listed Indian apparel manufacturing companies. Gokaldas Exports is a Bengaluru-based garment manufacturer exporting woven garments (shirts, trousers, jackets) to global brands and retailers in the US and Europe. Pearl Global Industries is a Delhi-based apparel company exporting garments across knitwear and woven categories to global fashion brands like H&M, Gap, Target and PVH. Both Gokaldas Exports vs Pearl Global are India-listed garment exporters serving global value chain retailers.
This Gokaldas Exports vs Pearl Global Industries article covers reach and market position, key products, latest declared results and stock valuation. The Gokaldas Exports vs Pearl Global Industries data below is sourced from Groww and public company filings and reflects the most recently available information at the time of writing.
Gokaldas Exports vs Pearl Global Industries: Reach and Market Position
On the Gokaldas Exports side of the Gokaldas Exports vs Pearl Global Industries comparison, Gokaldas Exports produces and exports woven garments to US and European brands from factories in Karnataka and Andhra Pradesh. Market capitalisation is Rs 5,903 Cr.
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On the Pearl Global Industries side of the Gokaldas Exports vs Pearl Global Industries comparison, Pearl Global Industries exports knitwear and woven garments to global fast-fashion and lifestyle brands from facilities in India, Bangladesh and Vietnam. Market capitalisation is Rs 11,367 Cr.
Gokaldas Exports vs Pearl Global Industries: Key Products and Business Mix
In the Gokaldas Exports vs Pearl Global Industries product comparison, Gokaldas Exports offers: Gokaldas earns from woven garment manufacturing and export. EPS is Rs 13.67. PE is 58.94x, ROE 4.63 percent, D/E 0.59. Thin ROE reflects integration and margin challenges.
For Pearl Global Industries in this Gokaldas Exports vs Pearl Global Industries breakdown: Pearl Global earns from garment manufacturing and export across knitwear, woven and denim. EPS is Rs 65.75. PE is 37.43x, ROE 19.02 percent, D/E 0.65. Pearl Global's ROE of 19.02 percent is notably above Gokaldas.
Gokaldas Exports vs Pearl Global Industries: Latest Results
The Gokaldas Exports vs Pearl Global Industries results for Gokaldas Exports: Gokaldas Exports has a market cap of Rs 5,903 Cr and PE of 58.94x. ROE is 4.63 percent. Gokaldas has been in a thin-margins phase. Pearl Global is nearly twice the size.
The Gokaldas Exports vs Pearl Global Industries results for Pearl Global Industries: Pearl Global Industries has a market cap of Rs 11,367 Cr and PE of 37.43x. ROE is 19.02 percent. Pearl Global's multi-country sourcing model (India, Bangladesh, Vietnam) and broader brand client base has delivered a much higher ROE.
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Gokaldas Exports vs Pearl Global Industries: Stock and Valuation
The Gokaldas Exports vs Pearl Global Industries stock comparison uses the latest available market data from Groww. Investors tracking Gokaldas Exports vs Pearl Global Industries should verify current prices on NSE or BSE before trading.
Gokaldas vs Pearl Global at current valuations: Gokaldas trades at Rs 5,903 Cr market cap, PE 58.94x, ROE 4.63 percent. Pearl Global trades at Rs 11,367 Cr market cap, PE 37.43x, ROE 19.02 percent. Pearl Global is cheaper on PE and has a dramatically higher ROE. Pearl Global is a clear financial outperformer in this garment exporter pair.
Gokaldas Exports vs Pearl Global Industries: Quick Comparison Table
The Gokaldas Exports vs Pearl Global Industries comparison table below summarises the key metrics covered in this article side by side.
| Parameter | Gokaldas Exports | Pearl Global Industries |
|---|---|---|
| Sector | Woven garment exporter (India, US+EU brands) | Multi-country garment exporter: India, Bangladesh, Vietnam (global brands) |
| Market Cap | Rs 5,903 Cr | Rs 11,367 Cr |
| P/E Ratio | 58.94x (thin earnings) | 37.43x |
| ROE | 4.63% | 19.02% |
| Debt to Equity | 0.59 | 0.65 |
| Product Mix | Woven: shirts, trousers, jackets | Knitwear + woven + denim |
| Clients | US + EU fashion brands | H&M, Gap, Target, PVH and more |
Conclusion
The Gokaldas Exports vs Pearl Global Industries comparison above covers the key data points on reach, products, results and valuation. Gokaldas Exports vs Pearl Global Industries covers two Indian garment exporters at very different profitability points. Pearl Global has built a multi-country model with India, Bangladesh and Vietnam facilities serving global fast-fashion brands – achieving 19 percent ROE. Gokaldas is a legacy India-only woven garment exporter with thin ROE. Gokaldas vs Pearl Global investors should review order book, customer brand concentration, revenue growth and margin trajectory. Consult a SEBI-registered advisor for personalised guidance.
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Disclaimer: Data and figures in this article are sourced from publicly available information, including company results filings and exchange data, and are current as of the time of writing. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
Frequently Asked Questions
What does Gokaldas Exports make?
Ans. Gokaldas Exports manufactures woven apparel – formal shirts, trousers, casual jackets and outerwear – for global brands and retailers in the US and Europe from its factories in Bengaluru and Andhra Pradesh.
What does Pearl Global Industries make?
Ans. Pearl Global makes knitwear (t-shirts, knit tops), woven garments and denim for global value fashion brands (H&M, Gap, Target, PVH, VF Corporation) from manufacturing facilities in India, Bangladesh and Vietnam.
Why does Pearl Global have a much higher ROE?
Ans. Pearl Global's ROE of 19.02 percent versus Gokaldas's 4.63 percent reflects its multi-country manufacturing model, broader brand client diversification and more efficient capital usage.
Is India a competitive garment exporter?
Ans. India is a significant garment exporter but faces competition from Bangladesh and Vietnam which have lower labour costs. India has advantages in product complexity, lead times and quality for specific categories.
Are Gokaldas and Pearl Global in Nifty 50?
Ans. Neither is in Nifty 50. Both are tracked in smaller indices.
Which is larger, Gokaldas or Pearl Global?
Ans. Pearl Global at Rs 11,367 Cr is approximately 1.9 times larger than Gokaldas Exports at Rs 5,903 Cr.
Does Gokaldas benefit from China+1?
Ans. Yes. The China+1 sourcing strategy by global brands – diversifying away from Chinese manufacturing – has benefited Indian garment exporters like Gokaldas as buyers look for alternative sourcing destinations.
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