Price
Financials
Standalone, Rs crore| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 10.80 | 17.78 | 15.38 | 44.45 | 22.95 | 36.24 | 22.69 | 27.31 | 46.45 | 46.06 | 29.59 | 30.22 |
| Expenses | 8.35 | 13.60 | 12.22 | 30.28 | 16.01 | 24.64 | 17.96 | 20.96 | 33.44 | 32.73 | 22.65 | 24.25 |
| Operating Profit | 2.45 | 4.18 | 3.16 | 14.17 | 6.94 | 11.60 | 4.73 | 6.35 | 13.01 | 13.33 | 6.94 | 5.97 |
| OPM % | 22.69% | 23.51% | 20.55% | 31.88% | 30.24% | 32.01% | 20.85% | 23.25% | 28.01% | 28.94% | 23.45% | 19.76% |
| Other Income | 0.17 | 0.13 | 0.14 | 0.01 | 0.11 | 0.94 | 1.06 | 1.20 | 1.28 | 1.52 | 1.19 | 1.88 |
| Interest | 0.03 | 0.01 | 0.09 | 0.05 | 0.03 | 0.12 | 0.06 | 0.14 | 0.18 | 0.26 | 0.29 | 0.31 |
| Depreciation | 0.08 | 0.09 | 0.09 | 0.10 | 0.11 | 0.16 | 0.23 | 0.27 | 0.37 | 0.41 | 0.53 | 0.75 |
| Profit before tax | 2.51 | 4.21 | 3.12 | 14.03 | 6.91 | 12.26 | 5.50 | 7.14 | 13.74 | 14.18 | 7.31 | 6.79 |
| Tax % | 33.07% | 24.94% | 24.68% | 25.45% | 26.34% | 25.37% | 25.45% | 25.49% | 25.25% | 25.25% | 29.69% | 25.63% |
| Net Profit | 1.68 | 3.16 | 2.35 | 10.46 | 5.09 | 9.15 | 4.11 | 5.31 | 10.27 | 10.60 | 5.14 | 5.05 |
| EPS in Rs | 1.74 | 3.28 | 2.44 | 10.86 | 4.91 | 8.83 | 3.97 | 5.13 | 9.81 | 10.12 | 4.91 | 4.82 |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|
| Sales | -0 | 0 | 6 | 29 | 50 | 126 | 149 | 152 |
| Expenses | -0 | 0 | 4 | 22 | 39 | 89 | 110 | 113 |
| Operating Profit | -0 | -0 | 2 | 7 | 11 | 37 | 40 | 39 |
| OPM % | -0.0% | 26% | 23% | 22% | 30% | 27% | 26% | |
| Other Income | -0 | -0 | -0 | 0 | 1 | 2 | 5 | 6 |
| Interest | -0 | -0 | 0 | 0 | 0 | 0 | 1 | 1 |
| Depreciation | -0 | -0 | 0 | 0 | 0 | 1 | 2 | 2 |
| Profit before tax | -0 | -0 | 1 | 6 | 11 | 39 | 42 | 42 |
| Tax % | 26% | 26% | 25% | 26% | 26% | |||
| Net Profit | -0 | -0 | 1 | 5 | 8 | 29 | 31 | 31 |
| EPS in Rs | -0.00 | -0.00 | 1,110.00 | 4.87 | 8.79 | 27.81 | 29.92 | 29.66 |
| Dividend Payout % | -0% | -0% | -0% | -0% | -0% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | % | 584% | 73% | 40% | ||
| Compounded Profit Growth | % | % | 89% | 32% | ||
| Stock Price CAGR | % | % | 33% | -28% | ||
| Return on Equity | % | 34% | 33% | 26% |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 0.01 | 0.01 | 0.01 | 10 | 10 | 10 | 10 |
| Reserves | -0 | 0 | 1 | 11 | 19 | 89 | 131 |
| Borrowings | -0 | -0 | 5 | 1 | 2 | 4 | 12 |
| Other Liabilities | 0 | 0 | 2 | 2 | 7 | 14 | 14 |
| Total Liabilities | 0 | 0 | 8 | 24 | 39 | 117 | 167 |
| Fixed Assets | -0 | -0 | 0 | 1 | 1 | 5 | 14 |
| CWIP | -0 | -0 | -0 | -0 | -0 | 0 | 0 |
| Investments | -0 | -0 | -0 | -0 | 0 | 0 | 0 |
| Other Assets | 0 | 0 | 8 | 23 | 37 | 112 | 153 |
| Total Assets | 0 | 0 | 8 | 24 | 39 | 117 | 167 |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | -0 | -0 | -4 | 2 | -11 | 15 | 11 |
| Cash from Investing Activity | -0 | -0 | -0 | -1 | -0 | -39 | -40 |
| Cash from Financing Activity | -0 | -0 | 5 | 10 | 1 | 43 | 10 |
| Net Cash Flow | -0 | -0 | 1 | 11 | -11 | 19 | -19 |
| Free Cash Flow | -0 | -0 | -5 | 1 | -12 | 13 | 7 |
| CFO/OP | -270% | 50% | -75% | 64% | 57% |
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 365 | 1 | 0 | 14 | 40 | 33 | |
| Inventory Days | 724 | 236 | 402 | 153 | 206 | ||
| Days Payable | 138 | 31 | 65 | 40 | 27 | ||
| Cash Conversion Cycle | 365 | 586 | 206 | 350 | 153 | 213 | |
| Working Capital Days | -0 | 14 | 106 | 198 | 125 | 164 | |
| ROCE % | -0% | 47% | 46% | 43% | 58% | 34% |
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 73.00% | 73.00% | 72.08% | 72.08% | 70.85% | 70.23% | 70.23% | 70.21% | 68.28% | 68.28% | 68.28% | 68.28% |
| FIIs | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.01% | 0.02% | 0.07% |
| DIIs | 0.00% | 0.00% | 0.12% | 0.19% | 0.55% | 1.01% | 1.01% | 1.09% | 1.16% | 1.20% | 1.23% | 1.30% |
| Public | 27.01% | 27.01% | 27.81% | 27.73% | 28.60% | 28.76% | 28.76% | 28.71% | 30.56% | 30.51% | 30.47% | 30.34% |
| No. of Shareholders | 352 | 509 | 711 | 936 | 1,711 | 1,998 | 2,348 | 2,705 | 2,910 | 2,864 | 2,800 | 2,811 |
Fundamentals
Market Cap₹ 627 Cr.
Current Price₹ 599
Stock P/E20.1
Book Value₹ 136
ROCE33.8 %
ROE26.0 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)40%
Compounded Profit Growth (TTM)32%
Standalone figures.
Valuation
Market capRs 568 Cr
Enterprise valueRs 558 Cr
P/E (TTM)18.28x
Price to book27.59x
Price to sales3.73x
EV / EBITDA12.36x
EV / EBIT12.95x
EV / sales3.66x
Price to cash flow333.98x
Earnings yield5.47%
P/E, 3-year average19.77x
P/B, 3-year average4.51x
Profitability
Operating margin (excl. other income)22.71%
Operating margin (incl. other income)23.23%
EBITDA margin29.62%
Pre-tax margin27.59%
Net profit margin20.39%
Net margin, latest quarter16.71%
ROE43.23%
ROCE45.73%
ROA28.79%
ROE, 3-year average118.98%
ROCE, 3-year average46.12%
ROA, 3-year average27.63%
ROIC (approx.)300.72%
Tax rate26.18%
Other income / net worth0.73%
Growth
Sales growth (latest year)382.66%
Profit growth (latest year)322.52%
Sales growth QoQ2.13%
Profit growth QoQ-1.75%
Sales growth YoY (latest quarter)10.66%
Profit growth YoY (latest quarter)-4.90%
Per share
EPS (TTM)Rs 32.26
EPS (latest year)Rs 4.87
EPS (latest quarter)Rs 5.25
EPS, 3-year averageRs 557.44
Book value per shareRs 21.38
Sales per shareRs 158.21
Cash flow per shareRs 1.77
Free cash flow per shareRs 7.27
Efficiency
Asset turnover1.18x
Fixed asset turnover22.22x
Inventory turnover1.56x
Inventory days234 days
Debtor days0 days
Debtors turnover955.67x
Creditor days27 days
Cash conversion cycle213 days
Working capital days164 days
Leverage
Total debtRs 1 Cr
Cash and bankRs 11 Cr
Net debtRs -10 Cr
Debt to equity0.06x
Net debt / EBITDA-0.22x
Interest coverage41.40x
Owners' fund to total sources84.97%
Debt to assets5.49%
Cash flow
Cash from Operating Activity (latest year)Rs 2 Cr
Cash from Investing Activity (latest year)Rs -1 Cr
Cash from Financing Activity (latest year)Rs 10 Cr
Net Cash Flow (latest year)Rs 11 Cr
Free cash flow (latest year)Rs 7 Cr
FCFE (approx.: FCF + change in debt)Rs 3 Cr
Cash from ops / profit, 5 years0.18x
Sales to cash flow16.86x
Statement figures
Net sales (TTM)Rs 152 Cr
Net sales (latest year)Rs 29 Cr
Sales (latest quarter)Rs 30 Cr
Operating profit excl. other income (latest year)Rs 7 Cr
Operating profit (latest quarter)Rs 6 Cr
Other income (TTM)Rs 6 Cr
EBITDA (TTM)Rs 45 Cr
PBDT (TTM)Rs 44 Cr
Profit before tax (TTM)Rs 42 Cr
Tax (latest year)Rs 2 Cr
Net profit (TTM)Rs 31 Cr
Net profit (latest year)Rs 5 Cr
Net profit (latest quarter)Rs 5 Cr
Depreciation (TTM)Rs 2 Cr
Depreciation (latest quarter)Rs 1 Cr
Interest (TTM)Rs 1 Cr
Cost of goods sold (latest year)Rs 16 Cr
Total expenditure (latest year)Rs 22 Cr
Total income (latest year)Rs 29 Cr
Share capitalRs 10 Cr
ReservesRs 11 Cr
Shareholders' fundsRs 21 Cr
Total assetsRs 24 Cr
Net blockRs 1 Cr
ReceivablesRs 0 Cr
InventoryRs 10 Cr
Other liabilitiesRs 2 Cr
Shares outstanding (crore)0.96
Ownership
Promoter holding68.28% (-1.93 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
Not enough history to build valuation bands (needs two years of profits and prices).
| Period | 543709 | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | -6.2% | -2.8% | -3.4 pts |
| 1 month | +8.5% | -6.8% | +15.3 pts |
| 3 months | -28.9% | -7.6% | -21.3 pts |
| 3 years | +132.2% | +14.2% | +118.0 pts |
Red flags
F-score 6 of 8| explain | Weak cash conversion Cash from operations was -45% of net profit over the last 2 years |
| explain | High accruals Profit exceeded operating cash by 12% of total assets in 2026 |
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.
Latest quarter
Jun 2026Sales ₹30 Cr +10.7% vs Jun 2025.
Net profit ₹5 Cr -4.9%.
Activity
Compare| Company | Mcap (Cr) | P/E | ROCE |
|---|---|---|---|
| Titan Company Ltd | 415,040 | 71.1 | 20.5 % |
| Kalyan Jewellers India Ltd | 58,748 | 40.2 | 21.2 % |
| Lalithaa Jewellery Mart Ltd | 20,989 | 22.0 | 38.0 % |
| Thangamayil Jewellery Ltd | 16,177 | 41.2 | 25.5 % |
| PC Jeweller Ltd | 12,976 | 16.7 | 9.60 % |
| Sky Gold & Diamonds Ltd | 12,713 | 38.0 | 27.0 % |
| Bluestone Jewellery & Lifestyle Ltd | 12,315 | 219 | 6.78 % |
| P N Gadgil Jewellers Ltd | 8,612 | 19.2 | 21.0 % |
| Timex Group India Ltd | 7,360 | 82.5 | 82.8 % |
| Ethos Ltd | 6,662 | 63.1 | 10.4 % |
| Senco Gold Ltd | 5,363 | 9.40 | 21.2 % |
| Goldiam International Ltd | 4,861 | 23.0 | 25.8 % |
| KDDL Ltd | 4,836 | 49.3 | 11.7 % |
| Tribhovandas Bhimji Zaveri Ltd | 4,184 | 19.6 | 21.9 % |
| D.P. Abhushan Ltd | 3,796 | 15.8 | 39.6 % |
No bulk or block deals on record.
No corporate actions on record.
No announcements in our files yet.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.
Quick answers
What is the market cap of PNGS Gargi Fashion Jewellery Ltd?
PNGS Gargi Fashion Jewellery Ltd (543709) has a market capitalisation of Rs 627 Cr. at the 2026-10-01 close.
What is the P/E ratio of PNGS Gargi Fashion Jewellery Ltd?
PNGS Gargi Fashion Jewellery Ltd trades at a P/E of 20.1 on trailing twelve-month profit, at the 2026-10-01 close.
What were PNGS Gargi Fashion Jewellery Ltd's latest quarterly results?
In the Jun 2026 quarter, PNGS Gargi Fashion Jewellery Ltd sales was Rs 30 Cr (+10.7% vs Jun 2025) and net profit was Rs 5 Cr.