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GNG Electronics

EBGNG NSE
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P/E
58.36
View as Markdown
MCP
Close 4 Nov 2026 ₹728.90 +385.05 +112% 1Y
Start ₹343.85

Key Fundamentals

MicrocapIT - HardwareInformation Technology

Price-based figures as of · EPS basis: Consolidated · TTM

ROCE
20.20%
Debt to Equity
0.59
EPS (TTM)
₹12.49
Book Value
₹66.47
Market Cap
—
P/E (TTM)
58.36
P/B
10.97
ROE
26.80%
Dividend Yield
0.00%
EBITDA
₹201 Cr
52W High
₹775.85
52W Low
₹239.00
Volume
0

Tapetide Score

Data-driven rating, 0–100, as of . How it works →

Overall score

46 Average

Data confidence 100/100

Category scores

Quality
48
Average
Returns, margins, earnings quality 22% weight
Valuation
24
Poor
Cheap vs sector & own history 24% weight
Growth
76
Strong
Sales & profit trajectory 9% weight
Financial Health
44
Weak
Solvency, leverage, coverage 9% weight
Momentum
99
Strong
Trend strength, vol-adjusted 12% weight
Ownership
26
Poor
FII/DII/promoter flows 24% weight

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

Key Insights

Strengths

3
  • Company is expected to give good quarter
  • Company has delivered good profit growth of 77.4% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 30.6%

Weaknesses

5
  • Stock is trading at 10.4 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Tax rate seems low
  • Debtor days have increased from 31.6 to 39.9 days.
  • Working capital days have increased from 60.6 days to 112 days

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallStrong Bullish2611
OscillatorsBearish261
Moving AveragesStrong Bullish0010

Key readings

RSI (14)
58.10
Neutral
MACD (12,26,9)
5.79
Bearish
SMA (50)
672.20
Bullish
SMA (200)
494.41
Bullish

As of

Analyst Rating

Based on 2 analysts
BUY100%

2 of 2 analysts rate Buy, 0 Hold, 0 Sell.

As of

BUY
2
100%
HOLD
0
0%
SELL
0
0%

Growth Rate

From the financial statements below. 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.

Revenue

Revenue growth by window
5Y+40.61%
3Y+41.96%
1Y+34.02%
TTM+35.63%

Net profit

Net profit growth by window
5Y+79.93%
3Y+58.74%
1Y+91.30%
TTM+88.16%

Operating cash flow

Operating cash flow growth by window
5YOutflow widened by ₹203 Cr
3YTurned negative
1YOutflow widened by ₹101 Cr
TTM—

TTM: Reported once a year, so there is no trailing-twelve-month figure.

Operating margin· change in pp

Operating margin growth by window
5Y+6.58 pp
3Y+3.55 pp
1Y+2.07 pp
TTM+2.25 pp

Revenue by year

Revenue by year, ₹ crore
Mar 2020₹245 Cr
Mar 2021₹344 Cr
Mar 2022₹519 Cr
Mar 2023₹661 Cr
Mar 2024₹1,138 Cr
Mar 2025₹1,411 Cr
Mar 2026₹1,891 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2020₹2.00 Cr
Mar 2021₹7.00 Cr
Mar 2022₹20.00 Cr
Mar 2023₹33.00 Cr
Mar 2024₹52.00 Cr
Mar 2025₹69.00 Cr
Mar 2026₹132 Cr

Analyst Forecasts

Forecast For
Dec 26 consensus · EBITDA
₹74.40 Cr −20.8% vs Sep 26
Reported High Mean Low

AI Analysis — Bull vs Bear

Generated 6 Jul 2026
AI opinion · based on fundamentals
Risk high

GNG Electronics Ltd is a small-cap IT company with a market cap of ₹7,354 Cr, trading at a PE of 55.4x and PB of 9.65x. The company has delivered exceptional profit growth of 78% CAGR over 5 years with consistent ROE above 27%, but faces concerns around stretched valuations, zero dividend payout, and deteriorating working capital efficiency.

Bull Case 7
  • Compounded profit growth of 78% CAGR over 5 years demonstrates strong earnings momentum
  • TTM sales growth of 34% indicates continued top-line expansion
  • 3-year ROE of 31% reflects efficient capital allocation and high-quality earnings
  • TTM profit growth of 92% shows accelerating earnings in the most recent period
  • 5-year compounded sales growth of 41% signals sustained demand and business scalability
  • Last year ROE of 27% remains well above industry average, maintaining a strong return profile
  • Company is expected to deliver a good upcoming quarter based on business trajectory
Bear Case 8
  • PE ratio of 55.4x implies expensive valuation relative to broader market multiples
  • Price-to-book of 9.65x means the stock trades at a steep premium to its net asset value
  • Working capital days have nearly doubled from 60.6 to 112 days, indicating deteriorating cash conversion
  • Zero dividend yield despite repeated profitability suggests no capital return to shareholders
  • Debtor days increased from 31.6 to 39.9 days, signaling slower collections and potential credit risk
  • Tax rate appears low, raising questions about sustainability of reported net profit margins
  • No 52-week high/low data available limits visibility into recent price action and volatility
  • Absence of reported debt-to-equity and EPS figures reduces transparency on capital structure

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

121d ago

TL;DR: GNG Electronics is in a strong momentum phase with 55% stock appreciation in six months, significant institutional buying at ₹175 crore, and robust growth estimates of 26% revenue CAGR through FY28. Insider buying worth ₹6.3 crore and the Redington distribution partnership reinforce the bullish thesis. Key risks include promoter dilution of nearly 4% and management's deliberately conservative guidance stance. The trend is clearly improving with broadening institutional interest both domestically and internationally.

Headwinds 2
  • Promoter sells 4% stake Jun 11

    Promoter Vidhi S Khandelwal offloaded 44,87,203 shares (3.94% stake) to meet Minimum Public Shareholding norms, reducing promoter holding to 74.77%.

  • Management conservative on guidance Jun 15

    Despite estimating 22% volume increase and 3% price growth, management has indicated a preference to remain conservative in forward-looking guidance.

Positives 6
  • Institutional investors buy ₹175cr stake Jun 12

    Goldman Sachs, Mirae Asset MF, Motilal Oswal, Mobius Investment Trust and others acquired 44.87 lakh shares at ₹390 apiece, reflecting broad domestic and international investor interest. Stock jumped 9% post deal.

  • Strong growth projections by Motilal Jun 12

    Motilal Oswal projects revenue CAGR of 26%, EBITDA CAGR of 31%, and profit CAGR of 36% between FY26-FY28, driven by volume growth, margin expansion and lower financing costs.

  • Director buys ₹6.3cr in shares Jun 24

    Director Ajay Pancholi acquired 82,193 shares worth ₹4.1 crore on Jun 24 and 52,807 shares worth ₹2.22 crore on Jun 15, signaling insider confidence.

Neutral 2
  • Investor meet in Singapore Jul 2

    GNG Electronics will attend the Maybank Flagship Conference - Invest ASEAN 2026 in Singapore on July 07-08, hosting investor and analyst meetings.

  • Mumbai investor meet held Jun 18

    GNG Electronics held an investor meet in Mumbai on June 23, 2026, with discussions based on publicly available information only.

Quarterly Results

₹ Cr
EBGNG quarterly results, ₹ crore
Particulars Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Sales
255
353
347
456
312
440
487
652
412
625
Expenses
230
320
317
428
280
393
433
588
363
532
Operating Profit
26
33
31
28
32
47
54
63
49
93
OPM %
10%
9%
9%
6%
10%
11%
11%
10%
12%
15%
Other Income
2
3
1
3
3
0
1
1
4
1
Interest
10
10
9
10
11
8
9
14
14
22
Depreciation
2
2
2
3
2
2
3
3
3
4
PBT
16
24
21
18
22
36
43
46
36
68
Tax %
23%
2%
9%
18%
18%
10%
10%
9%
19%
17%
Net Profit
12
23
19
15
19
33
39
42
29
56
EPS (₹)
Not comparable with later periods: it is stated on a share count about a hundred times or more different, so it is left blank.
Not comparable with later periods: it is stated on a share count about a hundred times or more different, so it is left blank.
1.96
1.52
1.91
2.86
3.39
3.7
2.54
—

Sep 2026: from the results filed on 3 Nov 2026, ahead of the full statement, so some rows are blank.

Profit & Loss

₹ Cr
EBGNG profit and loss, annual, ₹ crore
Particulars Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
245
344
519
661
1,138
1,411
1,891
1,991
Expenses
239
331
489
616
1,059
1,294
1,695
1,778
Operating Profit
6
13
31
45
79
117
196
213
OPM %
2.4%
3.9%
6%
7%
7%
8%
10%
11%
Other Income
1
2
1
3
6
9
4
5
Interest
5
6
8
12
24
38
42
46
Depreciation
0
1
1
1
4
9
10
12
PBT
2
8
23
36
57
78
148
161
Tax %
15%
11%
11%
8%
9%
12%
11%
—
Net Profit
2
7
20
33
52
69
132
142
EPS (₹)
—
—
Not comparable with later periods: it is stated on a share count about a hundred times or more different, so it is left blank.
Not comparable with later periods: it is stated on a share count about a hundred times or more different, so it is left blank.
Not comparable with later periods: it is stated on a share count about a hundred times or more different, so it is left blank.
7.09
11.55
12.49
Div. Payout %
0%
0%
0%
0%
0%
0%
0%
—

Balance Sheet

₹ Cr
EBGNG balance sheet, annual, ₹ crore
Particulars Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
0.04
0.04
0.04
0.04
0.04
19
23
Reserves
43
51
79
111
163
207
735
Borrowings
54
82
100
149
332
454
445
Other Liabilities
40
38
11
16
91
39
52
Total Liabilities
137
170
190
277
586
719
1,254
Fixed Assets
8
7
7
8
41
41
74
CWIP
0
0
0
1
0
0
0
Investments
0
0
0
0
7
0
0
Other Assets
129
163
183
268
538
678
1,180
Total Assets
137
170
190
277
586
719
1,254

Cash Flow

₹ Cr
EBGNG cash flow, annual, ₹ crore
Particulars Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
−35
−12
−17
1
97
−114
−215
Investing
−6
−4
0
−34
−28
−4
−46
Financing
49
23
18
40
−29
77
351
Net Cash Flow
8
7
1
8
40
−40
90
Free Cash Flow
−42
−13
−18
1
73
−124
−238
CFO/OP
−599
−86
−48
10
129
−90
−102

Ratios

EBGNG financial ratios, annual
Particulars Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
86
42
29
50
37
17
40
Inventory Days
78
111
89
85
115
153
180
Days Payable
64
43
8
7
31
8
7
Cash Conversion Cycle
101
110
110
128
122
162
213
Working Capital Days
31
24
46
47
18
52
112
ROCE %
—
12%
20%
22%
21%
20%
20%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view GNG Electronics insights

62 extracted metrics across FY20–FY27.

Shareholding Pattern

As of Sep 2026

  • Promoters 71.77%
  • Public 8.97%
  • Others 8.59%
  • FIIs 5.54%
  • DIIs 5.13%

No promoter shares pledged as of 14 Oct 2026

Change vs previous quarter

Documents

Frequently Asked Questions about GNG Electronics

What does GNG Electronics Ltd do?
Incorporated in 2006, GNG Electronics Limited offers refurbishing services for laptops, desktops, and ICT Devices, both globally and in India.
Where is GNG Electronics Ltd (EBGNG) listed?
GNG Electronics Ltd trades as EBGNG on the NSE and under code 544455 on the BSE.
Which sector does GNG Electronics Ltd belong to?
GNG Electronics Ltd is classified under the Information Technology sector, in the IT - Hardware industry.
What is the PE ratio of GNG Electronics Ltd?
GNG Electronics Ltd trades at a PE ratio of 58.36 as of 4 Nov 2026, on earnings per share of ₹12.49, against a book value of ₹66.47 per share.
What is the 52-week high and low of GNG Electronics Ltd?
Over the last 52 weeks GNG Electronics Ltd has traded between ₹239 and ₹775.85 as of 4 Nov 2026.
What is the Return on Equity (ROE) of GNG Electronics Ltd?
GNG Electronics Ltd reported a return on equity of 26.80%. Its debt-to-equity ratio is 0.59.

Company Information

Incorporated in 2006, GNG Electronics Limited offers refurbishing services for laptops, desktops, and ICT Devices, both globally and in India.

Website electronicsbazaar.com
CEO Mr. Sharad Khandelwal
Listed 30 Jul 2025
Face Value ₹2

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