# PNGS Gargi Fashion Jewellery share price today (PNGS Gargi Fashion Jewellery Ltd, NSE: GARGI)

> PNGS Gargi Fashion Jewellery share price today: ₹503.65 at the BSE close on 30 October 2026, down 57.1% in a year. PNGS Gargi Fashion Jewellery (NSE: GARGI) trades at a P/E of 19.9 and has closed between ₹503.65 and ₹1,122.20 over the past 52 weeks. > PNGS Gargi Fashion Jewellery Ltd's P/E is near the low end of its own history, higher than only 15% of past readings, and its quarterly results are still getting worse. GARGI · Diamond, Gems & Jewellery · data as of 30 October 2026. Page: https://www.sectoralpha.in/stocks/pngs-gargi-fashion-jewellery-ltd

Sector Alpha also publishes a daily newsletter that explains one Indian stock at a time: https://newsletter.sectoralpha.in/?utm_source=sectoralpha&utm_medium=ai_text&utm_campaign=llms

## Key numbers

- Business trend: Mixed, from fewer quarters than usual
- Price: ₹503.65 (−57.1% in a year)
- P/E: 19.9× (lower than 85% of the last 3.7 years)
- Revenue (Jun 2026): ₹30.2 Cr (+10.7% on a year ago)
- Profit (Jun 2026): ₹5.0 Cr (−4.9% on a year ago)
- Operating margin: 19.8% (−3.5 points on a year ago)
- ROCE: 34%, FY26
- Profit that came in as cash: 22%, last 3 years

The main question: yearly earnings per share moved +7.6% while the share price moved −57.1%. ## What is the PNGS Gargi Fashion Jewellery share price today? PNGS Gargi Fashion Jewellery Ltd's share price was ₹503.65 at the close on 30 October 2026. It has been falling for 25 weeks. That is 30.8% below its average price over the last 200 trading days. In the last 52 weeks it traded between ₹504 and ₹1,122, and at that close it was at the low of that range. Over the past 13 weeks it has done worse than the NIFTY 500, and it has been behind for 24 weeks running. Over the last 3.9 years the share price moved +628% while the NIFTY 500 moved +42%, so it is ahead of the index over that whole period. It was last ahead over 13 weeks in the week of 23 January 2026. The chart above shows the 13-week comparison for every week. This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row. ## What are PNGS Gargi Fashion Jewellery's latest quarterly results? For April to June 2026 (the quarter ended 30 June 2026), PNGS Gargi Fashion Jewellery reported revenue of ₹30.2 crore, up 10.7% from ₹27.3 crore a year earlier, and a profit of ₹5.05 crore, down 4.9% from ₹5.31 crore. ### PNGS Gargi Fashion Jewellery results: April to June 2026 against a year earlier

| Measure | April to June 2026 | April to June 2025 | Change |
| --- | --- | --- | --- |
| Revenue | ₹30.2 crore | ₹27.3 crore | +10.7% |
| Profit | ₹5.05 crore | ₹5.31 crore | −4.9% |
| Earnings per share | ₹4.82 | ₹5.13 | −6.0% |
| Operating margin | 19.8% | 23.3% | −3.5 points |

The next results, for July to September 2026, are due by 14 November 2026: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter). PNGS Gargi Fashion Jewellery's management discussed these results on a call held on 25 September 2026; what it said is further down this page. (From the company's reported quarterly results (quarter ended 30 June 2026). Revenue and profit in ₹ crore.)

## What is the PNGS Gargi Fashion Jewellery share price history? PNGS Gargi Fashion Jewellery closed at ₹503.65 on 30 October 2026, down 57.1% from ₹1,175.30 a year earlier (31 October 2025) and up 50.9% over three years. Its highest weekly close since December 2022 was ₹1,486.75 on 24 January 2025. ### PNGS Gargi Fashion Jewellery share price: then and now

| When | Close | Change to 30 Oct 2026 |
| --- | --- | --- |
| 1 week ago · 23 Oct 2026 | ₹536.00 | −6.0% |
| 1 month ago · 1 Oct 2026 | ₹589.70 | −14.6% |
| 1 year ago · 31 Oct 2025 | ₹1,175.30 | −57.1% |
| 3 years ago · 3 Nov 2023 | ₹333.75 | +50.9% |
| Earliest and lowest weekly close in our records · 23 Dec 2022 | ₹69.15 | +628.3% |
| Highest weekly close since December 2022 · 24 Jan 2025 | ₹1,486.75 | −66.1% |
| 52-week high (weekly close) · 14 Nov 2025 | ₹1,122.20 | −55.1% |
| 52-week low (weekly close) · 30 Oct 2026 | ₹503.65 | 0.0% |

Weekly closing prices. Each change is the move from that price to the 30 Oct 2026 close. A day's intraday high or low can go beyond these weekly closes. (186 weekly closes from 23 December 2022 to 30 October 2026.)

## What is the latest news on PNGS Gargi Fashion Jewellery? 30 Oct 2026: PNGS Gargi Fashion Jewellery closed at ₹503.65, down 6.0% on the week and down 14.6% on the month. 25 Sep 2026: PNGS Gargi Fashion Jewellery held its results call for April to June 2026. Management guided: Current-year revenue growth up to 35% remains achievable. ### Earlier

- Results for April to June 2026: Revenue up 10.7% and profit down 4.9% on a year earlier. ## What dividend does PNGS Gargi Fashion Jewellery pay? PNGS Gargi Fashion Jewellery has paid no dividend on the NSE since its first NSE close in our records (23 December 2022), the start of the period we checked. No. PNGS Gargi Fashion Jewellery Ltd paid out 0% of its profit as dividends in each of its last 5 reported years, so there is no payout history to show. That comes from the filed annual statements, not an estimate. (From the NSE corporate-actions record, read 4 November 2026.)

## What did PNGS Gargi Fashion Jewellery management say on the latest results call? On the call for April to June 2026, held on 25 September 2026, PNGS Gargi Fashion Jewellery's management guided: Current-year revenue growth up to 35% remains achievable. > “I can grow according to their pattern, but I can show you a loss after tax of 50-60 crores instead of a profit of 50-60 crores. I can give you a loss before tax and a loss after tax of 50-60 crores, while making my top line 500 crores. The choice is yours.”
> Amit Modak, on the call for April to June 2026

### What management guided

- FY28-FY29 existing-business growth 20-25%, around 25% under normal conditions. - Profit margin 17-18% during EBO expansion, returning to 20-22% once the first 50 EBOs mature. - Current-year expansion: 20-25 locations, with 12 complete and 3 due within 1-2 weeks. - EBOs or points of sale expected to become economically viable within 15-18 months; profitability contribution follows later maturity. Management’s own plans and goals, from our notes of the call. A plan is not a result. Source: [the call transcript](https://files.tijoristack.ai/concall/transcript/51453-25-Sep-2026.pdf). (From the call for April to June 2026, 25 September 2026.)

## What to watch in PNGS Gargi Fashion Jewellery's next results? When PNGS Gargi Fashion Jewellery reports July to September 2026, these are the 4 checks that show whether the story is still on course. First: Parent SIS billed sales versus end-customer pull - check whether the JIT timing gap narrows. - What to check (from the call)
- Parent SIS billed sales versus end-customer pull - check whether the JIT timing gap narrows. - Festive demand after April-May weakness - check whether delayed celebrations convert into a sequential recovery. - Profit margin through EBO expansion - check whether store operating costs remain the primary drag. - New location additions and format mix - check whether EBO maturation begins lifting profitability rather than merely adding costs. ## Which stock lists is PNGS Gargi Fashion Jewellery on? PNGS Gargi Fashion Jewellery is on one of our India lists: Gold & silver stocks. [Gold & silver stocks Group on the list: Jewellery makers and shops](https://www.sectoralpha.in/gold-stocks-india)

## Is PNGS Gargi Fashion Jewellery profitable? PNGS Gargi Fashion Jewellery Ltd earned ₹5.0 Cr of net profit in the Jun 2026 quarter, −4.9% on the same quarter a year earlier. Full-year FY26 profit was ₹31.0 Cr. That is 16.7% of the quarter's revenue. The same quarter a year earlier earned ₹5.3 Cr. For the full year, FY26 profit was ₹31.0 Cr (+6.9% on the year before). Why profit moved: revenue changed +10.7% on a year earlier and the margin moved −3.5 percentage points. Sales did the work while the margin got thinner. On average over the last four quarters, profit changed +34.4% and revenue +42.6%. Profit is growing slower than sales: rising costs are taking part of the growth. ## How much revenue does PNGS Gargi Fashion Jewellery make, and is it growing? PNGS Gargi Fashion Jewellery Ltd reported ₹30.2 Cr of revenue in the Jun 2026 quarter, +10.7% on the same quarter a year earlier. That is the 4th quarter in a row with growth on the year before. The last full year, FY26, came in at ₹149 Cr. The last four reported quarters add to ₹152 Cr. A growth rate over several years is not shown, because there are too few years of figures to work one out properly. FY26 revenue was ₹149 Cr, +18.3% on the year before. Is growth speeding up? Revenue over the last 12 months grew +39.5%, against +31.3% a year over the last 8 quarters (accelerating); profit over the last 12 months grew +31.3%, against +32.7% a year (stabilising). ## How much of every ₹100 of sales does PNGS Gargi Fashion Jewellery keep? PNGS Gargi Fashion Jewellery Ltd's operating margin was 19.8% in the Jun 2026 quarter, 3.5 percentage points lower than the same quarter a year ago. Across 6 years it has been between 0.0% and 30.0%. The latest quarter is within that range. Why the margin moved: operating margin changed −3.5 percentage points on the year while gross margin changed +1.5 points. So the drop came mostly from costs below the gross margin, such as staff and overheads, measured against sales. ## Is PNGS Gargi Fashion Jewellery's profit turning into cash? Over the last 3 years, 22% of PNGS Gargi Fashion Jewellery Ltd's reported profit came in as cash from its operations, a gap worth watching. In FY26 it brought in ₹11.0 Cr of operating cash against ₹31.0 Cr of profit. After ₹11.0 Cr of spending on assets, ₹0.0 Cr was left over as free cash. Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year. Why 22% of profit came in as cash: the cash cycle got 152 days shorter between FY21 and FY26, so cash that used to wait in the business now arrives sooner. When less than 70% of profit comes in as cash, it is the thing to watch on this page. What to look at next: the bigger use of cash is spending on new assets, at 5.3× depreciation over three years. The next section checks what that spending is building. ## Where does PNGS Gargi Fashion Jewellery's cash go? PNGS Gargi Fashion Jewellery Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 213 days in FY26, down from 365 days in FY21. It spent ₹16.0 Cr on assets over the last 3 years. Customers take 33 days to pay, and stock sits for 206 days on average. At FY26 sales of ₹149 Cr, each day of that cycle ties up about ₹0.4 Cr, so roughly ₹87.0 Cr is tied up in the business at any time. FY26: customers took 33 days to pay and stock sat for 206 days, about 6.8 months of sales sitting as stock, for a full cycle of 213 days, shorter than FY21's 365. The full loop: cash goes out to suppliers and production on day 0. Stock sits for 206 days. Customers pay about 33 days after that. Suppliers are paid at 27 days. Together that makes the 213-day cycle. Spending on assets: ₹16.0 Cr over the last 3 years, against ₹3.0 Cr of depreciation (the yearly wear and tear on existing assets). So it is building well beyond replacing what wears out. Work still in progress is ₹0.0 Cr (FY26): assets paid for that are not earning yet. In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns. ## What is PNGS Gargi Fashion Jewellery's P/E ratio, and how does it compare with its own history? PNGS Gargi Fashion Jewellery Ltd's P/E is 19.9×, near the low end of its own history: it has been lower only 15% of the time. Its usual P/E (the middle reading) is 37.0×, over 3.7 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth. Why the multiple is where it is: over the past year earnings per share moved +7.6% while the price moved −57.1%. Earnings did better than the price, which pulled the multiple down within its own range. Where the price move came from: over 3 years the price moved +14.7% a year; about +50.1% a year came from earnings growth and about −35.4 percentage points from the multiple (the market paying less). The split is approximate (price return minus earnings growth). It shows how much of the move came from the market paying a different multiple. In short: the multiple is low against its own past, so the earnings trend underneath matters more than the multiple. ## Is the PNGS Gargi Fashion Jewellery business getting better or worse? PNGS Gargi Fashion Jewellery Ltd's business is giving mixed signals. There is no clear direction across the growth lines, with ROCE falling at 34.0%; each line tells part of the story. This is based on 8 quarters of 4 measures, with some gaps. Why it matters: when the lines disagree, each line above matters more than any single label. The return figures here are yearly, not quarterly. They show level and direction only; they can support the growth lines but never decide the reading alone. This reading has some gaps: at least one line is short, or the return line is not the quarterly series, so treat it with a little more caution. ## How much does PNGS Gargi Fashion Jewellery earn on its capital? PNGS Gargi Fashion Jewellery Ltd earned a ROCE of 34% in FY26. That is up from a low of 0% in FY21. We cannot compare its return on capital used with its cost of capital from the data we have. It comes from a 20.8% net margin and 0.89× asset turnover (sales divided by assets). Why the return is what it is (FY26): a 20.8% net margin × 0.89× asset turnover × 1.18× leverage (assets divided by equity) ≈ 21.8% on equity. The margin does most of the work; borrowing plays a small part, so this return is earned, not borrowed. ## Does PNGS Gargi Fashion Jewellery have too much debt? PNGS Gargi Fashion Jewellery Ltd had ₹12.0 Cr of borrowings against ₹141 Cr of equity in FY26, so its debt is 0.09× its equity. Its operating profit is 40 times its interest bill. Over 5 years borrowings went from ₹0.0 Cr to ₹12.0 Cr. Over the last 3 of those years it spent ₹16.0 Cr on assets. Part of the spending on assets is being paid for with borrowed money. ## What is the PNGS Gargi Fashion Jewellery shareholding pattern? Promoters cut their stake in PNGS Gargi Fashion Jewellery Ltd by 3.8 percentage points over 8 quarters, the biggest change among its owners. Promoters now own 68.3% of the company. Domestic institutions moved +1.1 points over the same period, to 1.3%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings. Over the last two years: Promoters: −3.8 points over 8 quarters, to 68.3%; Domestic institutions: +1.1 points over 8 quarters, to 1.3%; Foreign institutions: +0.1 points over 8 quarters, to 0.1%. Why the owners changed: promoters drove it (−3.8 points), with the other side taken by domestic institutions (+1.1 points). They reduced their stake. ## How far is PNGS Gargi Fashion Jewellery from balance-sheet trouble? For PNGS Gargi Fashion Jewellery Ltd, the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date. ## How does PNGS Gargi Fashion Jewellery rank in its industry? There is no score against its industry: PNGS Gargi Fashion Jewellery Ltd is not present in the sector comparison for Diamond, Gems & Jewellery. The score ranks a company within its industry: each measure is scored against the other members. Without that group there is no score, so none is shown. ## Which companies is PNGS Gargi Fashion Jewellery compared with? No sector comparison is shown here, not present in the sector comparison. ## Which companies are close to PNGS Gargi Fashion Jewellery in size? PNGS Gargi Fashion Jewellery is the 26th largest of 27 Diamond, Gems & Jewellery companies on Sector Alpha by market value (scores of 30 October 2026). Just above it: SJ Corporation, Manoj Vaibhav Gems N Jewellers, RBZ Jewellers, Radhika Jeweltech and Grover Jewells. Just below it: Golkunda Diamonds & Jewellery. ### Diamond, Gems & Jewellery companies close in size

1. [SJ Corporation Ltd](https://www.sectoralpha.in/stocks/sj-corporation-ltd) ₹845 crore
2. [Manoj Vaibhav Gems N Jewellers Ltd](https://www.sectoralpha.in/stocks/manoj-vaibhav-gems-n-jewellers-ltd) ₹799 crore
3. [RBZ Jewellers Ltd](https://www.sectoralpha.in/stocks/rbz-jewellers-ltd) ₹690 crore
4. [Radhika Jeweltech Ltd](https://www.sectoralpha.in/stocks/radhika-jeweltech-ltd) ₹686 crore
5. [Grover Jewells Ltd](https://www.sectoralpha.in/stocks/grover-jewells-ltd) ₹540 crore
6. PNGS Gargi Fashion Jewellery Ltd ₹527 crore
7. [Golkunda Diamonds & Jewellery Ltd](https://www.sectoralpha.in/stocks/golkunda-diamonds-jewellery-ltd) ₹195 crore

[All 27 Diamond, Gems & Jewellery companies, largest first](https://www.sectoralpha.in/sectors/diamond-gems-jewellery#all-companies)

### Companies close in size in other industries

1. [Captain Technocast Ltd](https://www.sectoralpha.in/stocks/captain-technocast-ltd) ₹534 crore · Castings, Forgings & Fastners
2. [Megamont Ltd](https://www.sectoralpha.in/stocks/megamont-ltd) ₹533 crore · Rubber - Products
3. PNGS Gargi Fashion Jewellery Ltd ₹527 crore
4. [Filtron Engineers Ltd](https://www.sectoralpha.in/stocks/filtron-engineers-ltd) ₹526 crore · Engineering - Light - General
5. [H T Media Ltd](https://www.sectoralpha.in/stocks/h-t-media-ltd) ₹524 crore · Entertainment & Media

## What else do people ask about PNGS Gargi Fashion Jewellery? ### What is PNGS Gargi Fashion Jewellery's share price today? PNGS Gargi Fashion Jewellery Ltd's share price is ₹503.65, −57.1% over the past year. The whole company is worth ₹619 Cr on the market. It is at its lowest price of the past 52 weeks (range ₹504 to ₹1,122), 30.8% below its 200-day average. The price has been falling for 25 weeks (as of 30 October 2026). ### What were PNGS Gargi Fashion Jewellery's latest quarterly results? PNGS Gargi Fashion Jewellery Ltd reported revenue of ₹30.2 Cr and net profit of ₹5.0 Cr for the Jun 2026 quarter. Revenue rose 10.7% and profit fell 4.9% compared with a year earlier. Earnings per share were ₹4.82 (as of 30 October 2026). ### What is PNGS Gargi Fashion Jewellery's market cap? PNGS Gargi Fashion Jewellery Ltd's market capitalisation is ₹619 Cr at a share price of ₹503.65. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 30 October 2026). ### How is PNGS Gargi Fashion Jewellery performing? PNGS Gargi Fashion Jewellery Ltd's share price has been falling for 25 weeks. In its latest quarter, revenue rose 10.7% and profit fell 4.9% compared with a year earlier. Over the past 13 weeks it has done worse than the NIFTY 500, for 24 weeks running (as of 30 October 2026). ### Will PNGS Gargi Fashion Jewellery's share price go up? This page does not forecast PNGS Gargi Fashion Jewellery Ltd's share price. What it shows instead: the share price is ₹503.65, and it has been falling for 25 weeks. Its P/E of 19.9× is higher than 15% of its own last 4 years (as of 30 October 2026). ### Who owns PNGS Gargi Fashion Jewellery? Promoters own 68.3% of PNGS Gargi Fashion Jewellery Ltd, foreign institutions 0.1%, domestic institutions 1.3% and the public 30.3% (latest quarter). The biggest change over the last two years: Promoters cut their stake by 3.8 percentage points over 8 quarters (as of 30 October 2026). ### Where is PNGS Gargi Fashion Jewellery in its business cycle? PNGS Gargi Fashion Jewellery Ltd's FY26 operating margin was 27.0%, against a 6-year range of 0.0% to 30.0%: the middle of its own range, neither a peak nor a low. The latest quarter was 19.8%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 30 October 2026). ### What could break the PNGS Gargi Fashion Jewellery story? The main question: yearly earnings per share moved +7.6% while the share price moved −57.1%. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 30 October 2026). ### Is PNGS Gargi Fashion Jewellery a stock worth studying right now? What the numbers show: PNGS Gargi Fashion Jewellery Ltd's P/E is near the low end of its own history, higher than only 15% of past readings, and its quarterly results are still getting worse. The main open question: whether the price catches up with earnings that have already grown. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 30 October 2026). ### Is there a PNGS Gargi Fashion Jewellery share price forecast for 2026? What management itself guided: Current-year revenue growth up to 35% remains achievable. ## Lists

- Gold & silver stocks: https://www.sectoralpha.in/gold-stocks-india

This is research, not advice. We’re not SEBI-registered.