PNGS Gargi Fashion Jewellery Ltd
₹ 1,147
6.13%
30 Oct
4:01 p.m.
About
Incorporated in 2009, PNGS Gargi
Fashion Jewellery Ltd does trading
fashion jewellery, articles of silver
and other articles[1]
Key Points
- Market Cap ₹ 1,201 Cr.
- Current Price ₹ 1,147
- High / Low ₹ 1,517 / 789
- Stock P/E 41.6
- Book Value ₹ 120
- 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 9.52 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Promoter holding has decreased over last quarter: -1.93%
- 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
Profit & Loss
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|
| 0 | 0 | 6 | 29 | 50 | 126 | 133 | |
| 0 | 0 | 4 | 22 | 39 | 89 | 97 | |
| Operating Profit | 0 | 0 | 2 | 7 | 11 | 37 | 36 |
| OPM % | 0% | 26% | 23% | 22% | 30% | 27% | |
| 0 | 0 | 0 | 0 | 1 | 2 | 4 | |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 1 | 1 |
| Profit before tax | 0 | 0 | 1 | 6 | 11 | 39 | 39 |
| Tax % | 26% | 26% | 25% | 26% | |||
| 0 | 0 | 1 | 5 | 8 | 29 | 29 | |
| EPS in Rs | 0.00 | 0.00 | 1,110.00 | 4.87 | 8.79 | 27.81 | 27.74 |
| Dividend Payout % | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 177% |
| TTM: | 32% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 196% |
| TTM: | 37% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | 15% |
| 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 | Sep 2025 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 0.01 | 0.01 | 0.01 | 10 | 10 | 10 | 10 |
| Reserves | 0 | 0 | 1 | 11 | 19 | 89 | 116 |
| 0 | 0 | 5 | 1 | 2 | 4 | 8 | |
| 0 | 0 | 2 | 2 | 7 | 14 | 31 | |
| Total Liabilities | 0 | 0 | 8 | 24 | 39 | 117 | 165 |
| 0 | 0 | 0 | 1 | 1 | 5 | 9 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 0 | 0 | 8 | 23 | 37 | 112 | 156 | |
| Total Assets | 0 | 0 | 8 | 24 | 39 | 117 | 165 |
Cash Flows
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| 0 | 0 | -4 | 2 | -11 | 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 | 14 | 106 | 198 | 125 | |
| ROCE % | 0% | 47% | 46% | 43% | 58% |
Documents
Announcements
-
Announcement Under Regulation 30 Of SEBI (LODR) Regulations, 2015
2m - Resubmission of announcement for compounding under Legal Metrology Act, 2009 as directed by BSE Limited.
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
42m - Copies of Unaudited Financial Results for the half year ended September 30, 2025 published in the newspapers - "Financial Express" and "Loksatta" on October 30, …
-
Shareholder Meeting / Postal Ballot-Outcome of Postal_Ballot
23h - October 29, 2025: Shareholders approved re-appointment of Prasad P. Ghodke as Manager and remuneration (100% votes).
-
Shareholder Meeting / Postal Ballot-Scrutinizer"s Report
23h - 29 Oct 2025: Special resolution passed to reappoint Mr. Prasad P. Ghodke as Manager; 7,095,414 votes (100%) in favour.
-
Statement Of Deviation(S) Or Variation(S) Under Regulation 32 Of SEBI (LODR) Regulations, 2015
23h - Reg 32 deviation statement: Rs.4,196.35L and Rs.1,091.25L preferential issue proceeds partially unutilized as of Sep 30, 2025.
Annual reports
Concalls
-
Jun 2025TranscriptPPT
-
Feb 2025TranscriptPPTREC
-
Aug 2024TranscriptPPT
-
May 2024TranscriptPPTREC
-
Sep 2023TranscriptPPT
-
Mar 2023TranscriptPPT
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