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PNGS Gargi Fashion Jewellery Limited (GARGI) Fair Value & Analysis

Consumer Cyclical · IN · Market cap ₹8.5B

PG PNGS Gargi Fashion Jewellery Limited GARGI · BSE
Price₹811.65
Fair Value₹622.24
Upside-23.3%
Quality50/100
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Evidence: High Range ₹374.32 – ₹869.19

Fair value as of: Jul 5, 2026

From 24 valuation models · updated today

Share price +0.1% over the past month.

Price vs Fair Value (12 months)

₹1,175 ₹710.55 Fair Value ₹622.24 Jul 2025 Jul 2026

12‑month range ₹710.55 – ₹1,175 · fair‑value band ₹374.32 – ₹869.19 · the ₹811.65 price screens above the ₹622.24 fair value. As of Jul 5, 2026.

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Analysis

PNGS Gargi Fashion Jewellery Limited (GARGI) currently trades at ₹811.65, while our model-based Fair Value estimate is ₹622.24 — implying the stock looks roughly 23.3% overvalued today. We read business quality at 50/100 (solid quality), in the Consumer Cyclical sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium — the entry price still matters most (evidence: high).

Over the trailing twelve months, PNGS Gargi Fashion Jewellery Limited generated revenue of ₹1.5B at a net margin of 21.0%. Revenue grew 30.4% year over year. It earns a return on equity of 25.9%. Net debt stands at ₹10.3M. Fundamentals as of Jul 5, 2026

Our scenario range runs from ₹374.32 (bear case) to ₹869.19 (bull case); at ₹811.65, the current price sits within that range. The share trades about 32% below its 52-week high and 18% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at -37% fair-value upside — at -23%, GARGI screens cheaper than that median.

Key figures & financial health

Revenue (TTM) ₹1.5B
Revenue growth (YoY) +30.4%
Net margin 21.0%
Return on equity 25.9%
Free cash flow ₹69.5M FY2026
P/E ratio 27.0
More key figures
Operating margin 21.7%
EPS (TTM) ₹30.03
EPS growth (YoY) +23.8%
Net debt ₹10.3M FY2024

Figures from reported company fundamentals (EODHD) · as of Jul 5, 2026. TTM = trailing twelve months.

About the company

PNGS Gargi Fashion Jewellery Limited engages in the trading of fashion and costume jewelry, articles of silver, and other articles in India. The company offers 92.5% certified sterling silver jewelry, brass and copper jewelry, idols, and other gift articles. Its 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 accessories, such as rings, cufflinks, and button sets, as well as idols and other silverware and related gift items. The company operates through point of sales counters and brand store franchisees in Hyderabad, Bengaluru, Kolkata, Nashik, Mumbai, Pune, Chennai, Shillong, and Kanpur. PNGS Gargi Fashion Jewellery Limited was founded in 1832 and is based in Pune, India.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

PNGS Gargi Fashion Jewellery Limited reported revenue of ₹1.5B in FY2026 versus ₹59.4M in FY2022, a compound +123.9%/yr. Reported net income was ₹313M in FY2026, compounding +130.7%/yr from FY2022.

Revenue +123.9%/yr
FY22 ₹59.4M
FY23 ₹287M
FY24 ₹505M
FY25 ₹1.3B
FY26 ₹1.5B
Net income +130.7%/yr
FY22 ₹11.1M
FY23 ₹46.9M
FY24 ₹84.6M
FY25 ₹288M
FY26 ₹313M

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Cite: Fair Value Calculator (2026). "PNGS Gargi Fashion Jewellery Limited Fair Value". https://www.fairvalue-calculator.com/stock/GARGI

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Frequently asked questions

Is PNGS Gargi Fashion Jewellery Limited (GARGI) undervalued?
As of Jul 5, 2026, our model estimates a fair value of ₹622.24 versus a price of ₹811.65 — about −23% (overvalued). Model-based estimate, not financial advice.
What is the fair value of GARGI?
Our model-based fair value for PNGS Gargi Fashion Jewellery Limited is ₹622.24 (as of Jul 5, 2026), built from audited fundamentals. The current price is ₹811.65.
What is the quality score of GARGI?
PNGS Gargi Fashion Jewellery Limited has a Quality Score of 50/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
What is the revenue of PNGS Gargi Fashion Jewellery Limited (GARGI)?
PNGS Gargi Fashion Jewellery Limited reported trailing-twelve-month revenue of about ₹1.5B (latest available figure, as of Jul 5, 2026).
What is the net profit margin of GARGI?
The net profit margin of PNGS Gargi Fashion Jewellery Limited is about 21.0%, meaning it keeps roughly 21.0% of revenue as net income. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data — nothing guessed.

Not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.