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PGHH - Fundamental Analysis: Financial Health & Valuation

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Rating: 4.2

Last Updated Time : 02 Feb 26, 01:19 pm

Fundamental Rating: 4.2

Stock Code PGHH Market Cap 38,645 Cr. Current Price 11,921 ₹ High / Low 14,824 ₹
Stock P/E 45.0 Book Value 287 ₹ Dividend Yield 1.43 % ROCE 104 %
ROE 75.7 % Face Value 10.0 ₹ DMA 50 12,582 ₹ DMA 200 13,364 ₹
Chg in FII Hold -0.05 % Chg in DII Hold -0.02 % PAT Qtr 301 Cr. PAT Prev Qtr 210 Cr.
RSI 35.3 MACD -254 Volume 9,121 Avg Vol 1Wk 13,710
Low price 11,612 ₹ High price 14,824 ₹ PEG Ratio -53.5 Debt to equity 0.00
52w Index 9.62 % Qtr Profit Var 12.2 % EPS 265 ₹ Industry PE 46.8

📊 Core Financials

  • Revenue & Profitability: Quarterly PAT improved to ₹301 Cr from ₹210 Cr, showing healthy growth. EPS at ₹265 reflects strong earnings power.
  • Margins: ROCE at 104% and ROE at 75.7% are exceptionally high, indicating superior efficiency and profitability.
  • Debt Ratios: Debt-to-equity at 0.00 shows a debt-free balance sheet, enhancing financial resilience.
  • Cash Flows: Strong operating cash flows implied by high profitability and zero leverage.

💹 Valuation Indicators

  • P/E Ratio: 45.0, slightly below industry average of 46.8, suggesting fair valuation.
  • P/B Ratio: Current price ₹11,921 vs. book value ₹287 → ~41.5x, very expensive relative to assets.
  • PEG Ratio: -53.5, negative, reflecting weak growth-adjusted valuation despite strong profitability.
  • Intrinsic Value: Valuation appears stretched relative to book value, but justified by strong return metrics and brand strength.

🏢 Business Model & Competitive Advantage

  • PGHH (Procter & Gamble Hygiene and Health Care) operates in consumer healthcare and hygiene products, with strong brand recognition.
  • Competitive advantage lies in global brand support, product leadership, and debt-free structure.
  • Business model benefits from consistent demand in FMCG and healthcare segments.

📈 Entry Zone & Long-Term Guidance

  • Entry Zone: Attractive accumulation range between ₹11,600 – ₹11,900, near 52-week low and below DMA50.
  • Long-Term Holding: Strong fundamentals, debt-free balance sheet, and high ROE/ROCE make it a solid long-term compounder despite premium valuation.

✅ Positive

  • Exceptional ROCE (104%) and ROE (75.7%).
  • Debt-free balance sheet ensures financial stability.
  • Strong brand presence in healthcare and hygiene products.

⚠️ Limitation

  • Extremely high P/B ratio (~41.5x) indicates stretched valuation.
  • PEG ratio negative (-53.5), showing weak growth-adjusted valuation.
  • Dividend yield of 1.43% is modest compared to valuation levels.

📉 Company Negative News

  • Minor decline in institutional confidence with FII (-0.05%) and DII (-0.02%) holdings reduced.
  • Stock trading below DMA200 indicates weak momentum.

📈 Company Positive News

  • Quarterly PAT improved from ₹210 Cr to ₹301 Cr.
  • EPS at ₹265 highlights strong earnings power.
  • Debt-free structure continues to attract investors.

🏭 Industry

  • FMCG and healthcare sector trades at industry PE of 46.8, aligned with PGHH’s valuation.
  • Sector growth supported by rising healthcare awareness and hygiene demand.

🔎 Conclusion

  • PGHH is financially strong with exceptional return ratios and a debt-free balance sheet.
  • Valuation is stretched, especially on P/B and PEG metrics, limiting near-term upside.
  • Best suited for long-term investors seeking stability and brand-backed growth, with entry around ₹11,600 – ₹11,900 offering a reasonable margin of safety.

Would you like me to also prepare a comparative HTML snapshot of PGHH versus Dabur or HUL to highlight relative valuation and profitability in the FMCG healthcare space?

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