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    PNGS Gargi FJ

    Pune-based fashion jewellery retailer selling 925-certified sterling silver, 14KT diamond and 9KT gold pieces via an asset-light EBO/shop-in-shop network built on the P. N. Gadgil & Sons legacy.

    Consumer Durables
    Consumer Discretionary
    View 543709 earnings calls

    Overview

    Price

    Market Cap

    ₹679 Cr

    Sector

    Consumer Durables

    Consumer Discretionary

    Rank

    Performance

    Financials

    Income Statement

    Financial Trajectories

    11
    Quarterly

    Balance Sheet

    Balance Sheet

    ₹ Cr · Annual
    Line itemFY20FY21FY22FY23FY24FY25FY26FY26
    LiabilitiesEquity Capital0001010101010
    Reserves001111989116131
    Borrowings005124812
    Other Liabilities00227143114
    Total Liabilities0082439117165167
    AssetsFixed Assets000115914
    CWIP00000000
    Investments00000000
    Other Assets0082337112156153
    Total Assets0082439117165167

    Valuation

    Assumptions

    Current — 543709
    Price
    ₹856
    EPS (TTM)
    ₹25.59
    PE (TTM)
    33.4
    Profit growth
    84.3%

    The Earnings Per Share over the last 12 months.

    %

    Your assumption of the company's expected yearly EPS growth (e.g., 6 for 6%).

    Pre-filled with the lower of median (38.7×) and current (33.4×) PE — the conservative anchor.

    %

    The annualized return you aim to achieve. We solve for the price that delivers it, then compare to today's price.

    Valuation

    Current price
    ₹856
    vs
    Fair value · 15% return
    ₹10,386
    1113%Undervalued

    At 84.3% growth and a 33× exit, ₹856 only delivers your return if you pay ₹10,386. The price is currently baking in 18% growth.

    EPS grows 84.3%/yr for 5 years, then fades to 6% over 2, exits at 33×.

    YearGrowthEPS (₹)
    FY2784.3%47.16
    FY2884.3%86.92
    FY2984.3%160.19
    FY3084.3%295.24
    FY3184.3%544.12
    FY3245.1% ·fade789.79
    FY336.0% ·fade837.18

    Methodology: we discount normalized net profit as a proxy for owner earnings (an earnings-power approximation — not full free cash flow). Terminal growth is capped at 6% (≈ nominal GDP) regardless of the required return. This is an analytical tool, not investment advice.

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