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PNGS Gargi Fashion JewelleryBOM:543709 -11.04%96 Operating Margin % is 21.68% as of Mar. 2026, which is 15% below its 10-year median of 25.62. GuruFocus rates BOM:543709 with a GF Score™ of 96/100 and a GF Value™ of ₹1,234.84 (Significantly Undervalued). The stock has 3 warning signs investors should review. Among 1,123 Retail - Cyclical companies, PNGS Gargi Fashion Jewellery ranks better than 97.42% on this metric.
PNGS Gargi Fashion Jewellery Ltd operating margin has been in a 5-year decline. The average rate of decline per year is -14.6%.
The historical rank and industry rank for PNGS Gargi Fashion Jewellery's Operating Margin % or its related term are showing as below:
BOM:543709'
s Operating Margin % Range Over the Past 10 Years
Min: 21.77 Med: 25.62 Max: 85
Current: 25.47
BOM:543709's Operating Margin % is ranked better than 97.42% of 1123
companies
in the Retail - Cyclical industry
Industry Median: 3.93
vs BOM:543709: 25.47
Just like Gross Margin %, it is important to see a company maintains its operating margin over time. Among the same industry, a company with higher operating margin is more efficient in its operation. It is also more stable during industry slowdown or recessions. Peter Lynch prefers those with higher margins than those with lower margins.
Be Aware
Operating Margin % can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).
If a company is facing competition, its Operating Margin % may decline. Often the Operating Margin % declines well before the company's Revenue or even profit decline. Therefore, Operating Margin % is a very important indicator of whether the company is facing problems.
For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokias Operating Margin % had already been in decline since 2002, although its Earnings per Share (Diluted) were still rising. Investors who paid attention to Operating Margin % would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).
Therefore, Operating Margin % is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.
PNGS Gargi Fashion Jewellery Operating Margin % Related Terms
PNGS Gargi Fashion Jewellery Operating Margin % Historical Data
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Luxury Goods subindustry, PNGS Gargi Fashion Jewellery's Operating Margin %, along with its competitors' market caps and Operating Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
PNGS Gargi Fashion Jewellery Operating Margin % vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, PNGS Gargi Fashion Jewellery's Operating Margin % distribution charts can be found below:
* The bar in red indicates where PNGS Gargi Fashion Jewellery's Operating Margin % falls into.
Operating Margin % - also known as operating income margin, operating profit margin and return on sales (ROS) - is the ratio of Operating Income divided by net sales or Revenue, usually presented in percent.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
PNGS Gargi Fashion Jewellery (BOM:543709) has a Operating Margin % of 21.68% as of Mar. 2026. Operating margin is the ratio of total operating income to net sales. View historical data on PNGS Gargi Fashion Jewellery and its competitors. This is 15% below median its historical median of 25.62. Over the past decade, PNGS Gargi Fashion Jewellery's Operating Margin % has ranged from 21.77 to 85.00. According to the industry distribution chart, PNGS Gargi Fashion Jewellery ranks #29 out of 1123 companies in the Retail - Cyclical industry, placing it in the top 2.6%.
Is PNGS Gargi Fashion Jewellery's Operating Margin % too high?
PNGS Gargi Fashion Jewellery's current Operating Margin % of 21.68% is 15% below median its 10-year median of 25.62. Over the past 10 years, this metric has ranged from a low of 21.77 to a high of 85.00. The Retail - Cyclical industry median Operating Margin % is 3.93. PNGS Gargi Fashion Jewellery's value of 21.68% is 451.7% above this industry median. Based on the distribution chart, PNGS Gargi Fashion Jewellery ranks #29 out of 1123 companies in the Retail - Cyclical industry, which is in the top quartile — a strong position relative to peers. Overall, PNGS Gargi Fashion Jewellery has a GF Score™ of 96/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does PNGS Gargi Fashion Jewellery's Operating Margin % compare to TPR?
According to the Retail - Cyclical industry distribution chart, PNGS Gargi Fashion Jewellery ranks #29 out of 1123 companies for Operating Margin %. This places PNGS Gargi Fashion Jewellery in the top 3% of its industry — outperforming the majority of peers. The industry median Operating Margin % is 3.93. PNGS Gargi Fashion Jewellery's value of 21.68% is 451.7% above this benchmark. Historically, PNGS Gargi Fashion Jewellery's own Operating Margin % has ranged from 21.77 to 85.00 over the past decade. While the company's 10-year median is 25.62 vs. the industry median of 3.93, PNGS Gargi Fashion Jewellery has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Operating Margin % for a Retail - Cyclical company?
The median Operating Margin % among Retail - Cyclical companies is 3.93, based on 1,123 companies in the industry. Companies in the top quartile (top 25%) have a Operating Margin % significantly above this median, while those in the bottom quartile fall well below. However, Operating Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. PNGS Gargi Fashion Jewellery's current Operating Margin % of 21.68% is 451.7% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Operating Margin % mean?
A high Operating Margin % can signal that a stock is expensive relative to its fundamentals. Operating margin is the ratio of total operating income to net sales. View historical data on PNGS Gargi Fashion Jewellery and its competitors. For the Retail - Cyclical industry, the median Operating Margin % is 3.93 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PNGS Gargi Fashion Jewellery's current Operating Margin % is 21.68%, which is 15% below median its own 10-year median of 25.62. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is PNGS Gargi Fashion Jewellery stock overvalued right now?
Based on GuruFocus' analysis, PNGS Gargi Fashion Jewellery (BOM:543709) is currently considered Significantly Undervalued. The stock's GF Value™ is ₹1,234.84, compared to a current price of ₹716.65 — trading 42% below its estimated fair value. The current Operating Margin % is 21.68%, which is 15% below median its 10-year median of 25.62 and 451.7% above the Retail - Cyclical industry median of 3.93. PNGS Gargi Fashion Jewellery's overall GF Score™ is 96/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Operating Margin % calculated?
Operating Margin % is calculated from a company's financial statements. For PNGS Gargi Fashion Jewellery (BOM:543709), the current Operating Margin % is 21.68% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is PNGS Gargi Fashion Jewellery (BOM:543709) Overvalued in 2026?
Based on GuruFocus' analysis, PNGS Gargi Fashion Jewellery stock appears to be undervalued.
The current stock price of ₹716.65 is trading 42% below its estimated GF Value™ of ₹1,234.84.
GuruFocus considers PNGS Gargi Fashion Jewellery to be Significantly Undervalued.
Key valuation signals for BOM:543709:
Operating Margin %: 21.68% (15% below median its 10-year median of 25.62)
GF Value™: ₹1,234.84 vs. price of ₹716.65 (42% below fair value)
Industry Position: 451.7% above the Retail - Cyclical median (#29 of 1123)
No single metric tells the full story. See the BOM:543709 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
PNGS Gargi Fashion Jewellery Ltd is engaged in the retail business of costume and fashion jewellery under the brand name Gargi. It mainly deals with sterling silver jewellery and brass jewellery, idols and other silverware and related gift items. The company offers various products, 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 sets, bangles in brass or silver for females of all age groups, as well as male accessories such as rings, cufflinks, button sets and others. Its portfolio offers customers a wide variety of traditional, Indo-Western, and modern designs and jewellery.
96GF Score
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