PNGS Gargi Fashion Jewellery Ltd

PNGS Gargi Fashion Jewellery Ltd

₹ 928 0.34%
21 May 2:35 p.m.
About

Incorporated in 2009, PNGS Gargi
Fashion Jewellery Ltd does trading
fashion jewellery, articles of silver
and other articles[1]

Key Points

Business Overview:[1]
PNGS is in the retail business of costume and fashion jewellery under the brand name Gargi by P. N. Gadgil & Sons which was launched in FY21 under the fashion jewellery segment. Company deals in 92.5% certified sterling silver jewellery, brass and copper jewellery, idols, and other gift articles. It commenced commercial sale of 14 Carat Gold studded with natural diamond jewellery from October 2023. Currently, the company has ~1 Online Store, Offline Store
~36, Jewellery Designs ~1 Million

  • Market Cap 961 Cr.
  • Current Price 928
  • High / Low 1,517 / 438
  • Stock P/E 33.4
  • Book Value 96.2
  • Dividend Yield 0.00 %
  • ROCE 57.9 %
  • ROE 44.8 %
  • Face Value 10.0

Pros

  • Company is almost debt free.
  • Company is expected to give good quarter
  • Company has a good return on equity (ROE) track record: 3 Years ROE 42.0%

Cons

  • Stock is trading at 9.61 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Debtor days have increased from 18.0 to 40.0 days.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

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Quarterly Results

Figures in Rs. Crores

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
4.70 5.33 6.56 9.69 7.09 6.52 10.80 17.78 15.38 44.45 22.94 36.25 22.69
3.47 4.02 4.85 7.98 5.24 5.09 8.35 13.60 12.22 30.28 16.01 24.64 17.96
Operating Profit 1.23 1.31 1.71 1.71 1.85 1.43 2.45 4.18 3.16 14.17 6.93 11.61 4.73
OPM % 26.17% 24.58% 26.07% 17.65% 26.09% 21.93% 22.69% 23.51% 20.55% 31.88% 30.21% 32.03% 20.85%
0.00 0.00 0.00 0.03 0.12 0.17 0.17 0.13 0.14 0.01 0.12 0.93 1.06
Interest 0.02 0.06 0.05 0.07 0.02 0.02 0.03 0.01 0.09 0.05 0.03 0.12 0.06
Depreciation 0.01 0.02 0.03 0.06 0.07 0.07 0.08 0.09 0.09 0.10 0.11 0.16 0.23
Profit before tax 1.20 1.23 1.63 1.61 1.88 1.51 2.51 4.21 3.12 14.03 6.91 12.26 5.50
Tax % 25.00% 25.20% 25.15% 27.33% 28.19% 15.23% 33.07% 24.94% 24.68% 25.45% 26.34% 25.37% 25.45%
0.89 0.92 1.21 1.18 1.35 1.28 1.68 3.16 2.35 10.46 5.09 9.15 4.11
EPS in Rs 890.00 920.00 4.82 1.23 1.40 1.33 1.74 3.28 2.44 10.86 4.91 8.83 3.97
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
0 0 6 29 50 126
0 0 4 22 39 89
Operating Profit 0 0 2 7 11 37
OPM % 0% 26% 23% 22% 30%
0 0 0 0 1 2
Interest 0 0 0 0 0 0
Depreciation 0 0 0 0 0 1
Profit before tax 0 0 1 6 11 39
Tax % 26% 26% 25% 26%
0 0 1 5 8 29
EPS in Rs 0.00 0.00 1,110.00 4.87 8.79 27.81
Dividend Payout % 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: 177%
TTM: 150%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 196%
TTM: 241%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: 78%
Return on Equity
10 Years: %
5 Years: 43%
3 Years: 42%
Last Year: 45%

Balance Sheet

Figures in Rs. Crores

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 0.01 0.01 0.01 10 10 10
Reserves 0 0 1 11 19 89
0 0 5 1 2 4
0 0 2 2 7 14
Total Liabilities 0 0 8 24 39 117
0 0 0 1 1 5
CWIP 0 0 0 0 0 0
Investments 0 0 0 0 0 0
0 0 8 23 37 112
Total Assets 0 0 8 24 39 117

Cash Flows

Figures in Rs. Crores

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
0 0 -4 2 -12 18
0 0 -0 -1 -0 -39
0 0 5 10 1 39
Net Cash Flow 0 0 1 11 -11 19

Ratios

Figures in Rs. Crores

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 365 1 0 14 40
Inventory Days 724 236 402 153
Days Payable 138 31 62 40
Cash Conversion Cycle 365 586 206 354 153
Working Capital Days 0 340 118 211 127
ROCE % 0% 47% 46% 43% 58%

Shareholding Pattern

Numbers in percentages

Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
73.00% 73.00% 73.00% 73.00% 73.00% 72.08% 72.08% 70.85% 70.23% 70.23%
0.00% 0.00% 0.00% 0.00% 0.00% 0.12% 0.19% 0.55% 1.01% 1.01%
27.01% 27.00% 27.00% 27.01% 27.01% 27.81% 27.73% 28.60% 28.76% 28.76%
No. of Shareholders 2132312903525097119361,7111,9982,348

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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