320 per cent jump in net profit: This multibagger micro-cap company announces stellar results!
The company has a ROCE of 46.2 per cent and a ROE of 43.2 per cent.
PNGS Gargi Fashion Jewellery Limited operates as a retail enterprise specialising in costume and fashion jewellery. The company launched the "Gargi by P. N. Gadgil & Sons" brand in 2021, focusing on artificial jewellery within the market segment.
PNGS Gargi Fashion Jewellery recently announced stellar FY23 results where the sales of the company surged by 385 per cent to Rs 28.82 crore as compared to FY22, net profit of the company grew significantly by 324 per cent to Rs 4.68 crore as compared to FY22. Additionally, the company has a ROCE of 46.2 per cent and a ROE of 43.2 per cent. Moreover, the company has managed to deliver impressive ROE of 51 per cent (CAGR) over the last 3 years.
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From the date of its listing on December 20, 2022, the company has given stellar returns of 127 per cent.
On Thursday, shares of the company plunged by 0.85 per cent from the previous close of 136.15. Moreover, post results on June 7, 2023, the stock had a spurt in volume by more than 3.39 times.
Investors should keep a close eye on this buzzing stock.