GNG Electronics logo

GNG Electronics

EBGNG NSE

Key Fundamentals

MicrocapIT - HardwareInformation Technology
Market Cap
₹7,752 Cr
Volatility
Moderate
P/E Ratio
54.42
EBITDA
₹196 Cr
Return on Equity
30.39%
Debt to Equity
0.57
Book Value
₹66.47
52W High
₹704.9
52W Low
₹239

Tapetide Score

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

Key Insights

Strengths

3
  • Company is expected to give good quarter
  • Company has delivered good profit growth of 77.5% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 30.7%

Weaknesses

5
  • Stock is trading at 10.2 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

Growth Rate

Revenue Growth
33.14% lower than 3Y
Net Income Growth
90.86% higher than 3Y
Cash Flow Change
-74.83%
ROE
-4.97% lower than 3Y
ROCE
-15.47% lower than 3Y
EBITDA Margin (Avg.)
16.55% lower than 3Y

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 69d ago
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

Anthropic anthropic claude-opus-4.6 69d ago
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.

  • 22% volume growth estimated Jun 15

    Company estimates 22% volume increase and 3% price growth with significant price increases noted specifically in the computers segment.

  • Redington distribution partnership Jul 2

    GNG Electronics partnered with Redington Limited to distribute refurbished ICT solutions nationwide, leveraging Redington's network to reach enterprise, education and institutional sectors.

  • Stock up 55% in six months Jun 12

    Stock surged 55% over six months reaching a 52-week high of ₹485.35 in May 2026, up from a 52-week low of ₹239 in January 2026.

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.

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.

Quarterly Results

Particulars Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
255
353
347
456
312
440
487
652
412
Expenses
230
320
317
428
280
393
433
588
363
Operating Profit
26
33
31
28
32
47
54
63
49
OPM %
10%
9%
9%
6%
10%
11%
11%
10%
12%
Other Income
2
3
1
3
3
0
1
1
4
Interest
10
10
9
10
11
8
9
14
14
Depreciation
2
2
2
3
2
2
3
3
3
PBT
16
24
21
18
22
36
43
46
36
Tax %
23%
2%
9%
18%
18%
10%
10%
9%
19%
Net Profit
12
23
19
15
19
33
39
42
29
EPS in Rs
3,131
5,943
1.96
1.52
1.91
2.86
3.39
3.7
2.54
Figures in ₹ Crores

Profit & Loss

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 in Rs
—
—
5,214
8,441
13,438
7.09
11.58
12.49
Div. Payout %
0%
0%
0%
0%
0%
0%
0%
—
Figures in ₹ Crores

Balance Sheet

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
433
Other Liabilities
40
38
11
16
91
39
63
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
Figures in ₹ Crores

Cash Flow

Particulars Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
-35
-12
-17
1
97
25
-215
Investing
-6
-4
0
-34
-28
3
-46
Financing
49
23
18
40
-29
-34
351
Net Cash Flow
8
7
1
8
40
-7
90
Free Cash Flow
-42
-13
-18
1
73
15
-238
CFO/OP
-599
-86
-48
10
129
28
-102
Figures in ₹ Crores

Ratios

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
—
Days Payable
64
43
8
7
31
8
—
Cash Conversion Cycle
101
110
110
128
122
162
40
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

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39 extracted metrics + investor summaries across FY20–FY27.

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Shareholding Pattern

FIIs5.27%Promot.74.77%Others5.77%DIIs6.82%Public7.36%As ofJun 2026

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.[1]
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 market capitalisation of GNG Electronics Ltd?
GNG Electronics Ltd has a market capitalisation of ₹7,752 Cr, which places it in the Mid Cap band.
What is the PE ratio of GNG Electronics Ltd?
GNG Electronics Ltd trades at a PE ratio of 54.42, 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 ₹704.9.
What is the Return on Equity (ROE) of GNG Electronics Ltd?
GNG Electronics Ltd reported a return on equity of 30.39%. Its debt-to-equity ratio is 0.57.

Company Information

Incorporated in 2006, GNG Electronics Limited offers refurbishing services for laptops, desktops, and ICT Devices, both globally and in India.[1]

Website electronicsbazaar.com
CEO Mr. Sharad Khandelwal
Listed 2025-07-30
Face Value ₹ 2
Issued Size 11,40,11,517

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