Suddenly lot of investor meets happening, unheard with regard to this company. Motilal Oswal on 17th April and now 4 more investment managers on 22nd April.
Last 2 weeks, overall interest in SME companies has gone up a lot
just thinking if anyone would consciously do this? Or its good to mention in hindsight & maybe even promoters didnt know that such growth would come so soon? Having said that this company IPOed at market cap of approx mere 28 Cr with same group company png jeweller having quarterly profits itself of 170 Cr & revenues of 3000 cr+…..why would they not grow this privately or even as a subsidiary of the already listed entity & leave so much on the table?
PNG Jeweller and Gargi by PNGS doesn’t belong to the same group. Gargi’s promoter is PNGS
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Thanks, PNGS also operates large jewellery store and must be doing significant revenues & profits, so the above question of why do a sme mere 28 cr ipo and not grow this privately or via PNGS main jewellery subsidiary (like say how different brands of Titan are operating for different segments) is still not clear….
This question was answered in one of the concall by the management. Please check it out. Promoters are highly ethical, simple down to earth people with human centric approach. Hence I am not surprised with their thinking at all (similar to Mr Narayan Murthy of Infosys)
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cad5001c-f410-4721-b743-22ae1f6fb865.pdf (3.2 MB)
First ever PPT from Gargi !
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Good Q4 performance with positive commentary for next 2 years. With market tailwinds and low branded penetration, the opportunity in this space is immense. Efforts towards brand building can lead to exponential results in the years to come. Promoters have so far walked the talk and seem to be fair and transparent. The PNG name has a strong pull in Maharashtra. What remains to be seen is how they leverage the 190 year old brand name to scale newer and greater heights
Disc: Invested
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Company hired investor relations firm and it must have helped them preparing their first ever investor presentation . It seems IR firm also influenced company to conduct conference call on the day of results. Such investor friendly steps would help company get better known in the investor community. In-spite of giving stellar results (BTW their IR firms name is Stellar..
) for last few quarters, stock continues to languish only due to its SME tag. Hopefully that will go away in Q3 FY 27 as they will be able to fulfill mainboard listing condition.
Disclosure - Major PF contributor. Continues to add more on every drop.
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