As of 6 Nov 2026, PNGS Gargi Fashion Jewellery trades at 18.0× trailing earnings, below the industry P/E of 19.6×, and the shares are 54% below their 52-week high. It earns ROCE of 28% and ROE of 22%, and sales and net profit grew 73% and 88% a year over 3 years. The company has almost no debt. It is listed on an SME platform with a market cap of ₹567 Cr, ranked 35th of 82 Luxury Goods companies by market cap; the shares fell 48% over the past year.
- ₹550.00
- ₹551.00
- ₹527.05
- ₹550.40
- 5.5K
Health check
- ReturnsBehind
−48.3% over a year, better than 0 of 7 peers.
- Price tagIn line
P/E 18.0 vs industry 19.6.
- GrowthStrong
Sales +73.3%, profit +88.3% a year over 3 years.
- ProfitabilityAverage
ROCE 27.5% vs peer median 34.2%.
- Balance sheetFair
Debt 0.10× equity, interest covered 49.8×, Piotroski 4 of 9.
- Red flags1 to check
54% below its 52-week high.
Small cap
Moves with the market
Key metrics
- Market cap
- ₹567 Cr
- Small cap
- P/E
- 18.0
- Industry 19.6
- Price to book
- 3.59
- Peers 8.57
- Dividend yield
- 0.00%
- ROE
- 22.2%
- Peers 29.3%
- ROCE
- 27.5%
- Peers 34.2%
- Debt to equity
- 0.10
- Debt ₹15 Cr
- EPS (TTM)
- ₹30.10
- OPM (TTM)
- 25.2%
- Net margin 19.7%
- Sales growth
- +16.3%
- Latest quarter vs a year ago
- Profit growth
- +3.6%
- Latest quarter vs a year ago
- Price to sales
- 3.55
- EV/EBITDA 13.1
Strengths and risks
Strengths
- Return on equity of 22.2%.
- Return on capital employed of 27.5%.
- Practically debt-free.
- Quarterly sales up 16.3% on a year ago.
Risks to check
- 54% below its 52-week high.
About PNGS Gargi Fashion Jewellery
PNGS Gargi Fashion Jewellery Limited engages in the trading of fashion and costume jewellery, articles of silver, and other articles in India. It offers certified sterling silver jewellery, brass and copper jewellery, idols, and other gift articles. The company's products include earrings, necklaces, pendants, chains, finger rings, bracelets, anklets, nose pins, mangal sutras, pendant sets, and bangles for females of various age groups; and male…
- Headquarters
- Pune
- Employees
- 65
- Sector
- Consumer Cyclical
- ISIN
- INE0NT601018
- Website
- gargibypng.com
Price range
- Avg volume (3M)
- 12.2K
- 1-year return
- minus 48.3%
- From 52-week high
- minus 53.6%
Peers · Luxury Goods
| Company | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| TITANTitan Company | 5,000.00 | plus 3.42% | 4,43,656 | 63.1 | 24.30 | 38.4% | 37.1% | 11.6% | 29.2% | 16.0% | 0.30% | plus 26.8% |
| KALYANKJILKalyan Jewellers India | 590.75 | plus 5.49% | 61,010 | 42.6 | 9.66 | 26.7% | 24.3% | 6.7% | 36.4% | 46.1% | 0.42% | plus 7.2% |
| LALITHAALalithaa Jewellery Mart | 373.50 | plus 0.50% | 20,905 | 21.9 | 6.37 | 46.1% | 41.6% | 5.7% | 23.4% | 61.8% | 0.00% | plus 50.3% |
| PCJEWELLERPC Jeweller | 15.77 | plus 1.35% | 15,467 | 17.1 | 1.65 | 10.3% | 10.8% | 24.6% | 10.7% | – | 0.00% | plus 29.0% |
| SKYGOLDSKY GOLD AND DIAMONDS | 951.95 | plus 0.31% | 14,743 | 37.3 | 10.49 | 35.9% | 33.0% | 7.5% | 76.0% | 145.4% | 0.00% | plus 164.3% |
| THANGAMAYLThangamayil Jewellery | 4,148.20 | minus 4.32% | 12,893 | 32.9 | 8.57 | 34.2% | 29.3% | 6.5% | 39.2% | 64.0% | 0.43% | plus 42.6% |
| BLUESTONEBlueStone Jewellery and Lifestyle | 710.85 | minus 2.09% | 10,867 | 102.6 | 5.92 | 7.7% | 5.8% | 17.0% | 46.8% | – | 0.00% | plus 2.0% |
| GARGIPNGS Gargi Fashion Jewellery | 541.35 | minus 1.64% | 567 | 18.0 | 3.59 | 27.5% | 25.9% | 24.5% | 73.3% | 88.3% | 0.00% | minus 48.3% |
| Median of 7 peers | – | 0.50% | 15,467 | 37.3 | 8.57 | 34.2% | 29.3% | 7.5% | 36.4% | 61.8% | 0.00% | 29.0% |
Quarterly results
| ₹ Cr | Jun 25 | Dec 25 | Mar 26 | Jun 26 | Sep 26 |
|---|---|---|---|---|---|
| 27.3 | 46.1 | 29.6 | 30.2 | 54 | |
| 21 | 32.7 | 22.6 | 24.2 | 39.9 | |
| 6.3 | 13.3 | 6.9 | 6 | 14.1 | |
| 23.2% | 28.9% | 23.5% | 19.8% | 26.1% | |
| 1.2 | 1.7 | 1.2 | 1.9 | 1.6 | |
| 0.1 | 0.3 | 0.3 | 0.3 | 0.4 | |
| 0.3 | 0.4 | 0.5 | 0.8 | 0.9 | |
| – | −0.2 | – | – | – | |
| 7.1 | 14.2 | 7.3 | 6.8 | 14.4 | |
| 25.6% | 25.3% | 29.7% | 25.6% | 25.5% | |
| 5.3 | 10.6 | 5.1 | 5 | 10.7 | |
| 5.13 | 10.13 | 4.91 | 4.82 | 10.24 |
Profit & loss
- Sales CAGR 3Y
- +73.3%
- Profit CAGR 3Y
- +88.3%
- EPS CAGR 3Y
- +43.3%
- ROE
- 22.2%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 28.7 | 50.5 | 126 | 149 | |
| – | +76.1% | +150.1% | +18.3% | |
| 22.2 | 39.2 | 88.8 | 109 | |
| 6.5 | 11.3 | 37.5 | 40.3 | |
| 22.7% | 22.4% | 29.7% | 27.0% | |
| 0.2 | 0.6 | 2.1 | 5.3 | |
| 0.1 | 0.1 | 0.3 | 0.9 | |
| 0.2 | 0.3 | 0.6 | 1.6 | |
| – | −0.1 | −0.1 | −0.8 | |
| 6.3 | 11.4 | 38.7 | 42.4 | |
| 26.1% | 25.5% | 25.6% | 26.1% | |
| 4.7 | 8.5 | 28.8 | 31.3 | |
| – | +80.4% | +240.6% | +8.8% | |
| 10.20 | 8.79 | 28.62 | 30.05 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 9.6 | 9.6 | 10.4 | 10.5 | |
| 11 | 19.4 | 89.3 | 131 | |
| 1.3 | 2.1 | 3.7 | 11.7 | |
| 2.3 | 7.5 | 13.9 | 13.9 | |
| 24.2 | 38.6 | 117 | 167 | |
| 1 | 1.2 | 4.3 | 13.8 | |
| – | – | – | 0.1 | |
| – | 0.1 | 0.1 | 0.1 | |
| 11.3 | 0.8 | 54.1 | 72.8 | |
| 11.8 | 36.5 | 58.7 | 80.7 | |
| 24.2 | 38.6 | 117 | 167 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 1.7 | −11.1 | 14.7 | 11 | |
| −1.1 | −0.2 | −38.7 | −40.1 | |
| 10.1 | 0.7 | 43.1 | 10.1 | |
| 10.7 | −10.6 | 19.2 | −19 | |
| −1.1 | −0.5 | −1.5 | −4.1 | |
| 0.6 | −11.7 | 13.2 | 6.9 |
Shareholding pattern
This company is listed only on BSE, so there’s no NSE category split. See Major shareholders below for the named holders.
Major shareholders
Filings & events
News
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