PNGS Gargi Fashion Jewellery Ltd - Stock Valuation and Financial Performance

BSE: 543709 | NSE: | Retailing | Small Cap

PNGS Gargi Fashion Share Price

535 5.00 0.94%
as on 28-Mar'24 16:01

DeciZen - make an informed investing decision on PNGS Gargi Fashion

Overall Rating
Bole Toh

1. Quality

2. Valuation

Fair

3. Price Trend

PNGS Gargi Fashion Jewellery stock performance -

mw4me loader
P/E Ratio (SA):
68.40
Market Cap:
510.3 Cr.
52-wk low:
89.8
52-wk high:
700.6

Is PNGS Gargi Fashion Jewellery Ltd an attractive stock to invest in?

1. Is PNGS Gargi Fashion Jewellery Ltd a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that PNGS Gargi Fashion Jewellery Ltd is a below average quality company.

2. Is PNGS Gargi Fashion Jewellery Ltd undervalued or overvalued?

The key valuation ratios of PNGS Gargi Fashion Jewellery Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

3. Is PNGS Gargi Fashion Jewellery Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of PNGS Gargi Fashion Jewellery Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of PNGS Gargi Fashion:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
PNGS Gargi Fashion Jewellery Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Mar'20Mar'21Mar'22Mar'23TTM
ROCE % -6.1%18.6%34.7%34.6%-
Value Creation
Index
-1.40.31.51.5-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 005.928.742
Sales YoY Gr.-NA59,300%382.7%-
Adj EPS -0.41.2394.84.97.8
YoY Gr.-NA33353.4%-98.8%-
BVPS (₹) 4.65.8399.921.427.7
Adj Net
Profit
001.14.77
Cash Flow from Ops. 00-4.31.7-
Debt/CF from Ops. -18-1.5-1.20.5-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales NANANA382.7%
Adj EPS NANANA-98.8%
BVPSNANA67.3%-94.7%
Share Price - - - 459.3%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
-7.822.7194.643.231.6
Op. Profit
Mgn %
06525.722.923.4
Net Profit
Mgn %
054.818.616.417.7
Debt to
Equity
0.30.24.70-
Working Cap
Days
0481233130129
Cash Conv.
Cycle
0018891110

Recent Performance Summary

Sales growth is good in last 4 quarters at 55.37%

Return on Equity has declined versus last 3 years average to 31.60%

Sales growth has been subdued in last 3 years 0.00%

Net Profit has been subdued in last 3 years 0.00%

Latest Financials - PNGS Gargi Fashion Jewellery Ltd.

Standalone Consolidated
TTM EPS (₹) 7.8 -
TTM Sales (₹ Cr.) 42.2 -
BVPS (₹.) 27.7 -
Reserves (₹ Cr.) 17 -
P/BV 19.12 -
PE 68.40 -
From the Market
52 Week Low / High (₹) 89.75 / 700.55
All Time Low / High (₹) 57.00 / 700.55
Market Cap (₹ Cr.) 510
Equity (₹ Cr.) 9.6
Face Value (₹) 10
Industry PE 105.9

Management X-Ray of PNGS Gargi Fashion:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of PNGS Gargi Fashion

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'20Mar'21Mar'22Mar'23
Sales00629
Operating Expenses 00422
Manufacturing Costs0000
Material Costs00316
Employee Cost 0001
Other Costs 0015
Operating Profit 0027
Operating Profit Margin (%) -65.0%25.7%22.9%
Other Income 0000
Interest 0000
Depreciation 0000
Exceptional Items 0000
Profit Before Tax 0016
Tax 0002
Profit After Tax 0015
PAT Margin (%) -58.3%18.6%16.4%
Adjusted EPS (₹)-0.41.3394.84.9
Dividend Payout Ratio (%)0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 00121
Share Capital 00010
Reserves 00111
Minority Interest0000
Debt0051
Long Term Debt0000
Short Term Debt0051
Trade Payables0011
Others Liabilities 0013
Total Liabilities 00926

Fixed Assets

Gross Block0001
Accumulated Depreciation0000
Net Fixed Assets0001
CWIP 0000
Investments 0000
Inventories00710
Trade Receivables0000
Cash Equivalents 00111
Others Assets0012
Total Assets 00926

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 00-42
PBT 0016
Adjustment 0001
Changes in Working Capital 0-0-6-4
Tax Paid 000-2
Cash Flow From Investing Activity 000-1
Capex 000-1
Net Investments 0000
Others 0000
Cash Flow From Financing Activity 00510
Net Proceeds from Shares 00015
Net Proceeds from Borrowing 0000
Interest Paid 0000
Dividend Paid 0000
Others 005-5
Net Cash Flow 00111
PARTICULARSMar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)-7.8124.14194.643.22
ROCE (%)-6.123.246.5946.92
Asset Turnover Ratio00.221.391.68
PAT to CFO Conversion(x)NANNAN-40.4
Working Capital Days
Receivable Days038900
Inventory Days00419110
Payable Days007431

PNGS Gargi Fashion Jewellery Ltd Stock News

PNGS Gargi Fashion Jewellery Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of PNGS Gargi Fashion on 28-Mar-2024 16:01 is ₹535.0.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 28-Mar-2024 16:01 the market cap of PNGS Gargi Fashion stood at ₹510.3.
The latest P/E ratio of PNGS Gargi Fashion as of 28-Mar-2024 16:01 is 68.40.
The latest P/B ratio of PNGS Gargi Fashion as of 28-Mar-2024 16:01 is 19.12.
The 52-week high of PNGS Gargi Fashion is ₹700.5 and the 52-week low is ₹89.75.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of PNGS Gargi Fashion is ₹42.20 ( Cr.) .

About PNGS Gargi Fashion Jewellery Ltd

The company was originally incorporated as a Private Limited under the name “Resonant Consulting Private Limited” under the provisions of the Companies Act, 1956 and Certificate of Incorporation was issued by the Registrar of Companies Pune on March 25, 2009. Subsequently, the name of the Company was changed to “P. N. Gadgil & Sons Gargi Costume Jewellery Private Limited” vide Shareholders Resolution dated August 31, 2021 with Certificate of Incorporation pursuant to change of name issued by Registrar of Companies, Maharashtra, Pune dated September 22, 2021. Subsequently, the name of the Company was changed to “PNGS Gargi Fashion Jewellery Private Limited” vide Shareholders Resolution dated September 07, 2022 with Certificate of Incorporation pursuant to change of name issued by Registrar of Companies, Maharashtra, Pune dated September 21, 2022, Eventually, the status of the Company was changed to Public Limited and the name of the Company was changed to “PNGS Gargi Fashion Jewellery Limited” vide Special Resolution passed by the Shareholders at the Extra-Ordinary General Meeting of the Company held on September 26, 2022. The fresh Certificate of Incorporation consequent to conversion was issued on November 02, 2022 by the Registrar of Companies, Maharashtra, Pune.

PNGS Gargi Fashion Jewellery is engaged in the retail business of costume and fashion jewellery under the brand name ‘Gargi by P. N. Gadgil & Sons’ launched in 2021 under the artificial jewellery segment. It deals in certified sterling silver jewellery and brass jewellery, idols and other silverware and related gift items. It offers a wide range of products from artificial jewellery segment for special occasions such as weddings and festivals to daily-wear jewellery for all ages, genders and across various price points.

The company primarily sources finished jewellery from third party manufacturing vendors located across India. This includes all types of jewellery primarily made of silver and brass. Additionally, to cater to the increasing demand in the market, it also outsources the work of making costume jewellery to various artisans with whom it has developed strong relationships. It offers a large variety of costume jewellery, which are designed and manufactured by its in-house designers in close collaboration along with skilled local craftsman located across the country. To ensure optimum prices and mitigate the risk of suppliers' concentration, it procures its products from various suppliers across the country. This procurement process enables it to offer a wide range of products. These products are mainly marketed using both online as well as offline marketing tools. The company operates through shop in shop model and it has entered into an agreement with P.N. Gadgil & Sons and P. N. Gadgil Art & Culture Foundation to have point of sales (POS) counters at its existing 30 showrooms across the states of Maharashtra, Gujarat and Karnataka.

Business area of the company

The company offers a wide range of products from costume and fashion jewellery segment for special occasions such as weddings and festivals to daily-wear jewellery for all ages, genders and across various price points. Its product line includes earrings, necklaces, pendants, chains, finger rings, bracelets, anklets, nose pins, mangal sutra, pendant set, bangles in brass or silver for females of age groups as well as male accessories such as rings, cufflinks, button set, that cater to its customers taste, preference, choice and the ever-changing trends in the chain and jewellery designs. Its portfolio offers its customers a wide variety of traditional, Indo-western, & modern design and jewellery.

Key Events/Milestones/Achievements

  • 2009: Incorporation of the Company as private limited company.
  • 2021: Change in control and ownership of the company to current promoters.
  • 2021: Name of the company changed to P. N. Gadgil & Sons Gargi Costume Jewellery Private Limited.
  • 2021: Setting up of brand “Gargi by P.N. Gadgil and Sons” under fashion jewellery segment.
  • 2021: Commenced the operations under fashion jewellery segment.
  • 2022: Entered into Agreement with P. N. Gadgil & Sons Limited and P. N. Gadgil Art & Culture.
  • 2022: Foundation to utilise the infrastructure facilities such as space, display for the products, manpower, furniture, security personnel, billing mechanism and logistics in its current showrooms located in Maharashtra, Gujarat and Karnataka.
  • 2022: Name of the company changed to PNGS Gargi Fashion Jewellery Private Limited.
  • 2022: Conversion of the Company from Private Limited to Public Limited Company.
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