PNGS Gargi Fashion Jewellery Q1 FY27 Share Price & Earnings Call Analysis
- Market cap
- ₹526 Cr
- P/E
- 16.88
- ROE
- 26.01%
- PEG
- 0.19
- Price to sales
- 3.46
- Debt to equity
- 0.08
- 52W high / low
- ₹1,175 / ₹503
- Sales growth (5Y)
- 583.71%
- EBITDA margin
- 25.77%
- Net profit margin
- 21.03%
- Promoter holding
- 68.28%
- Sales (last year)
- ₹152 Cr
Incorporated in 2009, PNGS Gargi Fashion Jewellery Ltd does trading fashion jewellery, articles of silver and other articles[1]
Guidance scorecard · Q1 FY27 call
What PNGS Gargi Fashion Jewellery Ltd's management guided
and where it ranks in Consumer Durables
Consumer Durables
RevenueQ4 FY26 call
40%+- Targeting a revenue CAGR of approximately 35% over the next few years (FY '27 and FY '28).
- Expect FY '27 revenue around INR190 crores (up from INR149 crores in FY '26), and FY '28 around INR260 crores.
- Growth driven by strong same-store sales growth (SSSG) of ~30-32%, retail expansion, and industry tailwinds.
- Plan to add at least 20-25 new Exclusive Brand Outlets (EBOs) yearly, funded internally without debt/equity dilution.
- Focus on increasing contribution from EBOs and reducing dependence on SIS channels (currently 78% from SIS, expected to reduce to ~65% by FY '28).
- New stores outside Maharashtra expected to take 15-18 months to breakeven; within Maharashtra around 6-9 months.
2 more points from PNGS Gargi Fashion Jewellery Ltd's call on revenue
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MarginsQ4 FY26 call
FlatSee what PNGS Gargi Fashion Jewellery Ltd said on margins — free account, 30 seconds.
CapexQ4 FY26 call
Planned- The company plans to open 20 to 25 new Exclusive Brand Outlets (EBOs) in FY '27 and has already expanded by 32 stores in FY '26.
- Expected cost per new store (including capex and inventory) is roughly INR 1 crore.
- Current cash reserves of INR 78 crores are sufficient to support this expansion over the next 2 years without borrowing or equity dilution.
- Expansion focused on profitable stores built through disciplined and sustainable growth strategy.
- Future inorganic growth through acquisitions may be considered if aligned with profitability and company principles.
2 more points from PNGS Gargi Fashion Jewellery Ltd's call on capex
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FundraisingQ4 FY26 call
None plannedSee what PNGS Gargi Fashion Jewellery Ltd said on fundraising — free account, 30 seconds.
Order bookQ4 FY26 call
Ask what PNGS Gargi Fashion Jewellery Ltd said on the order book →
Full Q4 FY26 analysisRanges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.
Potential multibaggers · Q2 FY27
Potential multibaggers in Consumer Durables
on management's own guidance
- Strong growth2
- Strong growth1
- Strong growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Peers
Consumer Durables companies ranked on guidance
| # | Company | Revenue guided | Margin guided | Market cap | P/E |
|---|---|---|---|---|---|
| 1 | 40%+ | Up 2%+ | ₹166 Cr | 20.3 | |
| 2 | 40%+ | Up 2%+ | ₹100 Cr | 12.7 | |
| 3 | 40%+ | Up 0–2% | ₹3,249 Cr | 17.4 | |
| 4 | 40%+ | Up 0–2% | ₹2,081 Cr | 18.8 | |
| 5 | 40%+ | Flat | ₹2,429 Cr | 41.1 | |
| 6 | 40%+ | Flat | ₹2,163 Cr | 25.6 |
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Pro shows every company guiding 40%+ revenue growth →Full Consumer Durables rankingFinancials of PNGS Gargi Fashion Jewellery Ltd
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of PNGS Gargi Fashion Jewellery Ltd
Quarterly Results
Quarter-by-quarter operating performance
| Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 7.09 | 6.52 | 10.80 | 17.78 | 15.38 | 44.45 | 22.95 | 36.24 | 22.69 | 27.31 | 46.45 | 46.06 | 29.59 |
| Expenses + | 5.24 | 5.09 | 8.35 | 13.60 | 12.22 | 30.28 | 16.01 | 24.64 | 17.96 | 20.96 | 33.44 | 32.73 | 22.65 |
| Operating Profit | 1.85 | 1.43 | 2.45 | 4.18 | 3.16 | 14.17 | 6.94 | 11.60 | 4.73 | 6.35 | 13.01 | 13.33 | 6.94 |
| OPM % | 26.09% | 21.93% | 22.69% | 23.51% | 20.55% | 31.88% | 30.24% | 32.01% | 20.85% | 23.25% | 28.01% | 28.94% | 23.45% |
| Other Income + | 0.12 | 0.17 | 0.17 | 0.13 | 0.14 | 0.01 | 0.11 | 0.94 | 1.06 | 1.20 | 1.28 | 1.52 | 1.19 |
| Interest | 0.02 | 0.02 | 0.03 | 0.01 | 0.09 | 0.05 | 0.03 | 0.12 | 0.06 | 0.14 | 0.18 | 0.26 | 0.29 |
| Depreciation | 0.07 | 0.07 | 0.08 | 0.09 | 0.09 | 0.10 | 0.11 | 0.16 | 0.23 | 0.27 | 0.37 | 0.41 | 0.53 |
| Profit before tax | 1.88 | 1.51 | 2.51 | 4.21 | 3.12 | 14.03 | 6.91 | 12.26 | 5.50 | 7.14 | 13.74 | 14.18 | 7.31 |
| Tax % | 28.19% | 15.23% | 33.07% | 24.94% | 24.68% | 25.45% | 26.34% | 25.37% | 25.45% | 25.49% | 25.25% | 25.25% | 29.69% |
| Net Profit + | 1.35 | 1.28 | 1.68 | 3.16 | 2.35 | 10.46 | 5.09 | 9.15 | 4.11 | 5.31 | 10.27 | 10.60 | 5.14 |
| EPS in Rs | 1.40 | 1.33 | 1.74 | 3.28 | 2.44 | 10.86 | 4.91 | 8.83 | 3.97 | 5.13 | 9.81 | 10.12 | 4.91 |
Financials of PNGS Gargi Fashion Jewellery Ltd
Profit & Loss
Annual income statement trend
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Sales + | 0 | 0 | 6 | 29 | 50 | 126 | 149 |
| Expenses + | 0 | 0 | 4 | 22 | 39 | 89 | 110 |
| Operating Profit | 0 | 0 | 2 | 7 | 11 | 37 | 40 |
| OPM % | 0% | 26% | 23% | 22% | 30% | 27% | |
| Other Income + | 0 | 0 | 0 | 0 | 1 | 2 | 5 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 1 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 1 | 2 |
| Profit before tax | 0 | 0 | 1 | 6 | 11 | 39 | 42 |
| Tax % | 26% | 26% | 25% | 26% | 26% | ||
| Net Profit + | 0 | 0 | 1 | 5 | 8 | 29 | 31 |
| EPS in Rs | 0.00 | 0.00 | 1,110.00 | 4.87 | 8.79 | 27.81 | 29.92 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% |
Financials of PNGS Gargi Fashion Jewellery Ltd
Balance Sheet
Capital structure and asset base
| 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 |
Financials of PNGS Gargi Fashion Jewellery Ltd
Cash Flows
Operating, investing and financing cash movement
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 0 | 0 | -4 | 2 | -11 | 18 | 11 |
| Cash from Investing Activity + | 0 | 0 | -0 | -1 | -0 | -39 | -40 |
| Cash from Financing Activity + | 0 | 0 | 5 | 10 | 1 | 39 | 10 |
| Net Cash Flow | 0 | 0 | 1 | 11 | -11 | 19 | -19 |
| Free Cash Flow | 0 | 0 | -5 | 1 | -12 | 17 | 7 |
| CFO/OP | -270% | 50% | -75% | 74% | 57% |
Financials of PNGS Gargi Fashion Jewellery Ltd
Ratios
Working capital efficiency and return ratios
| 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 | 62 | 40 | 27 | ||
| Cash Conversion Cycle | 365 | 586 | 206 | 354 | 153 | 213 | |
| Working Capital Days | 0 | 14 | 106 | 198 | 125 | 164 | |
| ROCE % | 0% | 47% | 46% | 43% | 58% | 34% |
Guidance history
How PNGS Gargi Fashion Jewellery Ltd's guidance has moved, call by call
| Call | Revenue | Margins | Capex | Fundraising | Order book |
|---|---|---|---|---|---|
| Q4 FY26 call → | 40%+ | Flat | Planned | None planned | — |
| Q3 FY26 call → | 20–40% | Flat | Planned | None planned | Rising |
| Q4 FY25 call → | 40%+ | Flat | Planned | Planned | — |
What management guided on each call, newest first. Not investment advice, and not a forecast of returns.
Momentum score · price trend
3 out of 100 — Cooling
Over the past year its share price has done worse than most of the stocks we track.
| Period | Share price change | Better than … of 1,910 stocks |
|---|---|---|
| Last 12 months | −53.5% | 3% |
| Last 6 months | −48.5% | 1% |
| Last 3 months | −18.1% | 21% |
The price is 66.2% below its all-time high of ₹1,486.75 (24 Jan 2025). Stocks more than 20% below their peak have their score halved, so 6 became 3.
How we calculate it
“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).
The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For PNGS Gargi Fashion Jewellery Ltd: 0.4 × 3 + 0.4 × 1 + 0.2 × 21 = 6, halved to 3 because the price is more than 20% below its all-time high.
Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.
Full methodology →This describes only how the share price has moved up to 29 Oct 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.
Continue your research
What PNGS Gargi Fashion Jewellery Ltd's management said in earlier quarters
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