NSE: EBGNG · BSE: 544455 · ISIN INE18JU01028
GNG Electronics Limited stock analysis
GNG Electronics Limited ranks #676 in the TickerSutra evidence-ranked universe with a score of 61/100 and 89% data confidence. The latest captured fundamentals show ROCE of 20.3%, quarterly sales growth of 32.1% and quarterly profit growth of 56.2%.Monitor only
INVESTMENT EVIDENCE
What supports—and challenges—the thesis
Evidence in favour
- ROCE is 20.3%
- 42% three-year sales CAGR
- Institutional ownership is rising
- No promoter shares are reported as pledged
Risks and constraints
- Debt/equity is above 0.5×
- CFO/EBITDA is below 0.6×
- Valuation is above 40× earnings
Still unresolved: Related-party exposure · Broad media sentiment
FINANCIAL TRAJECTORY
Recent operating history
| Period | Revenue | Operating profit | Net profit | Operating margin |
|---|---|---|---|---|
| 2022 | ₹519cr | ₹31cr | ₹20cr | 6.0% |
| 2023 | ₹661cr | ₹45cr | ₹33cr | 7.0% |
| 2024 | ₹1,138cr | ₹79cr | ₹52cr | 7.0% |
| 2025 | ₹1,411cr | ₹117cr | ₹69cr | 8.0% |
| 2026 | ₹1,891cr | ₹196cr | ₹132cr | 10.0% |
| TTM | ₹1,991cr | ₹213cr | ₹142cr | 11.0% |
EXCHANGE EVENT TRIGGERS
Latest corporate disclosures
RoutineTrading WindowNSE · 28 Sept 2026 · Structured filingGNG Electronics Limited has informed the Exchange regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015
GNG Electronics Limited has informed the Exchange regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading) Regulations, 2015
Open original XBRL sourceRoutineChange in Directors/KMP/SMP/Auditor/RTANSE · 26 Sept 2026 · Structured filingGNG Electronics Limited has informed the Exchange about Change in Directors/KMP/SMP/Auditor/RTA
GNG Electronics Limited has informed the Exchange about Change in Directors/KMP/SMP/Auditor/RTA
Open original XBRL sourceGNG Electronics Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on September 24, 2026. Further, the company has informed the Exchange regarding voting results.
RoutineGNG Electronics Ltd - 544455 - Shareholder Meeting / Postal Ballot-Scrutinizer''s ReportBSE · 26 Sept 2026Please find enclosed the voting results of the 20th Annual General Meeting along with the Scrutinizer''s Report.
MANAGEMENT COMMENTARY
Signals from filed documents
Financial Performance Summary Particulars FY26 FY25 YoY Change Revenue from Operations (`crore) 1,891.1 1,411.1 34.0% EBITDA (`crore) 200.5 126.2 58.9% EBITDA Margin 10.6% 8.9% +166 bps Profit After Tax (`crore) 132.0 69.0 91.2% PAT Margin 7.0% 4.9% +209 bps Basic EPS (`) 11.58 7.09 63% Revenue from Operations Revenue from operations increased by 34.0% year-on- year to `1,891.1 crore in FY26, compared with `1,411.1 c
Consequently, the EBITDA margin expanded by 166 basis points to 10.6%, from 8.9% in the previous year. The improvement reflected operating leverage, disciplined execution and enhanced profitability across the business. Profit After Tax Profit after tax increased by 91.2% to `132.0 crore in FY26, compared with `69.0 crore in FY25.
With the organised segment of the refurbished PC market expanding rapidly in India and globally, GNG Electronics is well positioned to increase its market share in a still- fragmented industry. Market Leadership in a High-Growth Sector The Company offers refurbished laptops at approximately one-third the price of new devices, while delivering comparable performance and aesthetics, backed by credible and reliable warr
At the same time, choosing high- end refurbished devices can result in greater savings for enterprises, businesses, educational institutions and individual customers. We therefore see significant potential for increased adoption of such devices and remain committed to fully participating in this opportunity through our global presence and reach, premium products and established track record.The recent surge in demand
• Right-to-repair frameworks in the USA, the EU, and India are progressively formalising the repair and refurbishment ecosystem. Regulatory Tailwinds 1.0 FY19 0.8 0.2 2.4 FY25 1.4 1.0 5.3 FY30P 1.4 3.9 CAGR (FY19-25) 15.9% CAGR (FY25-30P) 16.8% 27.6% 29.8% 10.3% (0.2)% Used & Refurbished PC market in India (US$ B, FY19-30P) Source(s): 1 Lattice analysis • Rising enterprise supply of high- specification devices, as th
PAT margin expanded to 7%, compared to 5.9% in Q1 FY26, an improvement of 108 basis points year-on-year. Overall, Q1 FY27 has been a strong start to the year with healthy revenue growth, meaningful margin expansion at the gross and EBITDA level, and a PAT that has grown significantly year- on-year. We are comfortably ahead of our full year FY27 guidance, and we remain focused on continuing to deliver profitable, sust
The detailed Nomination and Remuneration Policy is available on the website of the Company and can be accessed through the link: Nomination and Remuneration Policy 19. EMPLOYEE STOCK OPTION SCHEME In order to reward, retain, and foster a sense of ownership and participation among key employees, the Electronics Bazaar Employees Stock Option Scheme – 2024 (“Scheme”) was initially approved by the Board of Directors and
The employee count has in fact risen and the shipments are going as usual. And sir, just can you quantify your targets for, and I know inventory is a strategic advantage to us at this point in time, but generally, do you have any specific target for inventory days, receivable days, and cash conversion cycle over the next one to two years? Just any steps for improving the operating cash flow basically?
No material disruption has occurred to date. Competition from the unorganised sector: The refurbished electronics market in India remains dominated by unorganised players, creating sustained pricing pressure on organised participants. Differentiates through quality, consistency,and warranty the distribution strength and brand trust associated with Electronics Bazaar.
For the benefit of the shareholders, a separate email id has been created for shareholder correspondence viz. compliance@ electronicsbazaar.com PRESENTATIONS MADE TO INSTITUTIONAL INVESTORS OR TO THE ANALYSTS The Company has made presentations to analysts / institutional investors from time to time during the Financial Year 2025-26. The presentation is available on the Company’s website at www.electronicsbazaar.
HOW TO READ THIS PAGE
Evidence, freshness and limitations
What does the TickerSutra score mean?
The score ranks captured evidence across financial quality, growth, moat and margins, regulatory catalysts, governance, institutional trend and valuation comfort. It is a research-prioritization tool—not a buy recommendation or price target.
Which sources support this page?
Financial history, ownership and pledge data, NSE and BSE filings, annual reports and available earnings-call transcripts are combined here. Use the source trail and original exchange document before relying on a decision-critical fact.
Why can an item be unresolved?
Unresolved means the current captured source window did not provide enough evidence for that check. It does not establish that a risk or relationship is absent.
Maintained by TickerSutra Research · Snapshot updated 29 Sept 2026 · Read the methodology · Read the disclaimer
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