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ROIC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROC %. PNGS Gargi Fashion Jewellery's annualized return on invested capital (ROIC %) for the quarter that ended in Mar. 2026 was 20.46%.
As of today (2026-07-14), PNGS Gargi Fashion Jewellery's WACC % is 15.72%. PNGS Gargi Fashion Jewellery's ROIC % is 41.12% (calculated using TTM income statement data).
PNGS Gargi Fashion Jewellery generates higher returns on investment than it costs the company to raise the capital needed for that investment. It is earning excess returns. A firm that expects to continue generating positive excess returns on new investments in the future will see its value increase as growth increases.
ROIC % measures how well a company generates cash flow relative to the capital it has invested in its business. It is also called ROC %. The reason book values of debt and equity are used is because the book values are the capital the company received when issuing the debt or receiving the equity investments.
There are four key components to this definition. The first is the use of operating income or EBIT rather than net income in the numerator. The second is the tax adjustment to this operating income or EBIT, computed as a hypothetical tax based on an effective or marginal tax rate. The third is the use of book values for invested capital, rather than market values. The final is the timing difference; the capital invested is from the end of the prior year whereas the operating income or EBIT is the current year's number.
Why is ROIC % important?
Because it costs money to raise capital. A firm that generates higher returns on investment than it costs the company to raise the capital needed for that investment is earning excess returns. A firm that expects to continue generating positive excess returns on new investments in the future will see its value increase as growth increases, whereas a firm that earns returns that do not match up to its cost of capital will destroy value as it grows.
As of today, PNGS Gargi Fashion Jewellery's WACC % is 15.72%. PNGS Gargi Fashion Jewellery's ROIC % is 41.12% (calculated using TTM income statement data).
PNGS Gargi Fashion Jewellery generates higher returns on investment than it costs the company to raise the capital needed for that investment. It is earning excess returns. A firm that expects to continue generating positive excess returns on new investments in the future will see its value increase as growth increases.
Be Aware
Like ROE % and ROA %, ROIC % is calculated with only 12 months of data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
PNGS Gargi Fashion Jewellery ROIC % Related Terms
PNGS Gargi Fashion Jewellery ROIC % 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 ROIC %, along with its competitors' market caps and ROIC % 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 ROIC % vs Retail - Cyclical Industry
For the Retail - Cyclical industry and Consumer Cyclical sector, PNGS Gargi Fashion Jewellery's ROIC % distribution charts can be found below:
* The bar in red indicates where PNGS Gargi Fashion Jewellery's ROIC % falls into.
Note:
The Operating Income data used here is four times the quarterly (Mar. 2026) data.
The tax rate is limited to between 0% and 100%.
* 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 ROIC % of 20.46% as of Mar. 2026. Return on invested capital is the ratio of current-period net income to average two-period invested capital. View historical data on PNGS Gargi Fashion Jewellery and its competitors.
Is PNGS Gargi Fashion Jewellery's ROIC % too high?
PNGS Gargi Fashion Jewellery's current ROIC % is 20.46%. The Retail - Cyclical industry median ROIC % is 4.25. PNGS Gargi Fashion Jewellery's value of 20.46% is 381.4% above this industry median. 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 ROIC % compare to TPR?
PNGS Gargi Fashion Jewellery's ROIC % of 20.46% can be compared against companies in the Retail - Cyclical industry. The industry median ROIC % is 4.25. PNGS Gargi Fashion Jewellery's value of 20.46% is 381.4% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROIC % for a Retail - Cyclical company?
The median ROIC % among Retail - Cyclical companies is 4.25, based on 1,110 companies in the industry. Companies in the top quartile (top 25%) have a ROIC % significantly above this median, while those in the bottom quartile fall well below. However, ROIC % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. PNGS Gargi Fashion Jewellery's current ROIC % of 20.46% is 381.4% 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 ROIC % mean?
A high ROIC % can signal that a stock is expensive relative to its fundamentals. Return on invested capital is the ratio of current-period net income to average two-period invested capital. View historical data on PNGS Gargi Fashion Jewellery and its competitors. For the Retail - Cyclical industry, the median ROIC % is 4.25 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. PNGS Gargi Fashion Jewellery's current ROIC % is 20.46%. 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 ROIC % is 20.46% and 381.4% above the Retail - Cyclical industry median of 4.25. 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 ROIC % calculated?
ROIC % is calculated from a company's financial statements. For PNGS Gargi Fashion Jewellery (BOM:543709), the current ROIC % is 20.46% 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:
ROIC %: 20.46%
GF Value™: ₹1,234.84 vs. price of ₹716.65 (42% below fair value)
Industry Position: 381.4% above the Retail - Cyclical median
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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