Overview

Detailed Summary

GNG Electronics Limited (Electronics Bazaar) is India’s largest end-to-end refurbisher of laptops, desktops and ICT devices, operating across sourcing, refurbishment, sales and after-sales warranty with facilities and distribution spanning India, UAE, USA, Europe, Africa and sales reach into 44 countries.
Q3 FY26 delivered strong operating momentum: revenue of INR 487.2 crore (up 40.3% YoY), EBITDA INR 54.6 crore with 11.2% margin and PAT of INR 38.7 crore (more than double YoY), while 9M FY26 revenue and PAT grew ~29.7% and ~65.5% respectively, reflecting operating leverage as volumes scaled.
The company is a clear beneficiary of structural supply-side constraints in new PCs driven by surging DDR5 memory and storage demand for AI infrastructure; management argues this is expanding the addressable market for quality refurbished devices priced materially below new units, improving ASPs and supporting margin expansion.
Management is pursuing a multi-pronged growth strategy: deliberate capacity expansion in UAE, India and the US, substantial headcount addition (including ~600 engineers), strategic shelf-stock (elevated inventory) to secure supplies, and partnerships with top global and Indian distributors to accelerate market penetration.
Key financial and operational cautions include elevated working capital intensity (about 120–130 days), gross debt of approximately INR 557 crore and net debt of about INR 466 crore as of quarter end, and dependency on sustained memory-driven new-PC supply constraints to preserve current demand dynamics.

Sector: IT - Hardware
Industry: Computers Hardware & Equipments
Market Cap: 4,835 Cr
Volatility: High Risk
P/E Ratio: 46.2
Industry P/E: 24.3
PEG Ratio: 1.1
P/B Ratio: 7.2
52W High: 409.90
52W Low: 239.00

Sales CAGR

1Y: 23.98%
3Y: 25.99%
5Y: 25.88%
10Y: —

Profit CAGR

1Y: 31.96%
3Y: 40.82%
5Y: 80.56%
10Y: —

ROE

TTM: 12.72%
3Y: 16.17%
5Y: 13.95%
10Y: —

ROCE

TTM: 15.32%
3Y: 40.42%
5Y: 33.93%
10Y: —

Technicals

Oscillators

BearishNeutralBullish

Neutral

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Neutral

Bullish

Overall

BearishNeutralBullish

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Neutral

Bullish

Moving Averages

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Neutral

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Forecasts

Peers

Information Technology Information Technology IT - Hardware

Symbol	Watchlist	Price	Market Cap	P/E	P/B	Div Yield (%)	ROE (%)	ROCE (%)	ROA (%)
EBGNG		364.90	4,835 Cr	46.22	7.23	0.00	12.72	15.32	11.42
MOSCHIP		166.45	3,911 Cr	108.39	10.62	0.00	11.64	11.73	6.71
RPTECH		428.00	3,022 Cr	12.35	1.63	0.22	10.94	13.10	5.07
NELCO		605.95	1,605 Cr	483.48	12.46	0.14	0.38	6.58	0.96
DLINKINDIA		451.00	1,601 Cr	15.42	3.39	4.43	21.95	29.09	13.51
IVALUE		267.85	1,413 Cr	15.05	2.80	0.00	19.26	22.82	6.51
KDL		114.71	1,162 Cr	361.85	6.05	0.00	2.59	2.44	0.62
Median: 7 Co.	—	364.90	1,605 Cr	46.22	6.05	0.00	11.64	13.10	6.51

Financial Statements

Upcoming Result Date: May 04, 2026

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Consolidated Quarterly Results (in ₹ Crores)

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Total Figures

QoQ Changes

Total Figures

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025
Sales	255	353	347	456	312	440	487
Expenses	230	320	317	428	280	393	433
Operating Profit	26	33	31	28	32	47	54
OPM %	9.99	9.32	8.83	6.11	10.35	10.58	11.08
Other Income	1.99	3.02	1.33	2.92	2.85	0.24	0.61
Interest	9.61	9.82	8.94	9.98	11	8.44	8.96
Depreciation	2.16	2.44	2.13	2.72	2.04	2.22	2.84
Profit Before Tax	16	24	21	18	22	36	43
Tax %	22.71	2.33	8.88	18.42	17.58	9.58	9.56
Net Profit	12	23	19	15	19	33	39
EPS in Rs	—	—	—	1.34	2.03	2.78	3.34

Consolidated Profit Loss (in ₹ Crores)

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Total Figures

YoY Changes

Total Figures

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Sales	245	344	519	661	1,138	1,411
Expenses	239	331	489	616	1,059	1,294
Operating Profit	5.75	13	31	45	79	117
OPM %	2.35	3.89	5.88	6.83	6.96	8.28
Other Income	1.43	1.61	1.42	3.21	5.66	9.26
Interest	4.87	5.75	8.07	12	24	38
Depreciation	0.38	0.88	1.08	0.94	3.65	9.45
Profit Before Tax	1.92	8.37	23	36	57	78
Tax %	14.95	10.46	11.03	8.23	8.75	11.88
Net Profit	1.64	7.49	20	33	52	69
EPS in Rs	—	—	—	—	—	—
Dividend Payout %	0.00	0.00	0.00	0.00	0.00	0.00

Consolidated Balance Sheet (in ₹ Crores)

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Total Figures

YoY Changes

Total Figures

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	0.04	0.04	0.04	0.04	0.04	19
Reserves	43	51	79	111	163	207
Borrowings	54	82	100	149	327	441
Other Liabilities	40	38	11	16	95	52
Total Liabilities	137	170	190	277	586	719
Fixed Assets	7.83	7.25	7.43	7.89	41	41
CWIP	0.00	0.00	0.00	0.70	0.00	0.00
Investments	0.00	0.00	0.00	0.00	7.01	0.00
Other Assets	129	163	183	268	538	678
Total Assets	137	170	190	277	586	719

Consolidated Cash Flows (in ₹ Crores)

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Total Figures

YoY Changes

Total Figures

	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operating Activity	-35	-12	-17	1.47	-14	25
Cash from Investing Activity	-6.38	-3.59	0.18	-34	-80	2.62
Cash from Financing Activity	49	23	18	40	141	-34
Net Cash Flow	7.79	6.56	0.67	7.55	46	-7.12

Shareholdings

Shareholding History

Quarterly

Yearly

Quarterly

	Mar 2025	Jun 2025	Jul 2025	Sep 2025	Dec 2025	Mar 2026
Promoters	95.01%	78.71%	78.71%	78.71%	78.71%	78.71%
FIIs	0.00%	2.48%	2.48%	3.42%	2.41%	2.78%
DIIs	4.99%	5.15%	5.15%	4.62%	4.67%	5.20%
Public	0.00%	13.67%	13.67%	13.26%	14.21%	13.31%
Total Shareholders	7	1,11,416	1,11,416	55,550	54,579	49,026

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Reports

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Investor Presentation

Q3 FY26

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Q2 FY26

Investor Presentation

Q1 FY26

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Earnings Call Schedule

1 day ago

Earnings conference call scheduled for May 5, 2026

GNG Electronics to hold an analysts/investors earnings conference call on May 5, 2026 at 06:00 PM IST; invite link to be shared separately.

Results Approval

1 day ago

Board Meeting to Approve Audited Q4 & FY2026 Results

Board meeting scheduled for May 05, 2026 to consider and approve standalone and consolidated audited financial results for the quarter and year ended March 31, 2026; trading window reopens 48 hours after declaration.

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Frequently Asked Questions about GNG Electronics Ltd

GNG Electronics Ltd (EBGNG) is currently trading at 422.45 per share. Stock prices fluctuate during market hours on NSE and BSE based on demand, company updates, and overall market conditions. Refer to the live price chart above for the most recent price movement.

GNG Electronics Limited (Electronics Bazaar) is India’s largest end-to-end refurbisher of laptops, desktops and ICT devices, operating across sourcing, refurbishment, sales and after-sales warranty with facilities and distribution spanning India, UAE, USA, Europe, Africa and sales reach into 44 countries. Q3 FY26 delivered strong operating momentum: revenue of INR 487.2 crore (up 40.3% YoY), EBITDA INR 54.6 crore with 11.2% margin and PAT of INR 38.7 crore (more than double YoY), while 9M FY26 revenue and PAT grew ~29.7% and ~65.5% respectively, reflecting operating leverage as volumes scaled. The company is a clear beneficiary of structural supply-side constraints in new PCs driven by surging DDR5 memory and storage demand for AI infrastructure; management argues this is expanding the addressable market for quality refurbished devices priced materially below new units, improving ASPs and supporting margin expansion. Management is pursuing a multi-pronged growth strategy: deliberate capacity expansion in UAE, India and the US, substantial headcount addition (including ~600 engineers), strategic shelf-stock (elevated inventory) to secure supplies, and partnerships with top global and Indian distributors to accelerate market penetration. Key financial and operational cautions include elevated working capital intensity (about 120–130 days), gross debt of approximately INR 557 crore and net debt of about INR 466 crore as of quarter end, and dependency on sustained memory-driven new-PC supply constraints to preserve current demand dynamics.

Over the past 52 weeks, GNG Electronics Ltd has traded between a low of ₹239.00 and a high of ₹409.90. The 52-week high and low indicate the stock’s price range over the last year and help investors understand its volatility and recent trading levels.

GNG Electronics Ltd has a market capitalization of approximately 4,835.23. Market capitalization represents the total value of a company’s outstanding shares and helps investors understand its size, stability, and relative risk compared to other listed companies.

GNG Electronics Ltd’s investment profile depends on its business fundamentals, valuation, and long-term outlook. The stock currently trades at a PE ratio of 46.22 and operates in the its sector sector. Investors typically assess financial performance, growth prospects, and individual risk tolerance before making investment decisions.

Based on its market capitalization of 4,835.23 Cr, GNG Electronics Ltd is classified as a Small Cap stock. Large-cap stocks are generally more stable, while mid-cap and small-cap stocks tend to offer higher growth potential along with higher price volatility.

GNG Electronics Ltd operates in the its sector sector. Sector classification matters because companies in the same sector are often affected by similar economic conditions, regulatory changes, and competitive dynamics, which can influence overall stock performance.

The Price-to-Earnings (PE) ratio of GNG Electronics Ltd is 46.22. The PE ratio compares a company’s share price to its earnings and is commonly used to assess valuation. Comparing the PE ratio with sector peers and historical levels provides better context.

Gng Electronics Ltd

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Consolidated Quarterly Results (in ₹ Crores)

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Earnings conference call scheduled for May 5, 2026

Board Meeting to Approve Audited Q4 & FY2026 Results

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Consolidated Quarterly Results (in ₹ Crores)

Consolidated Profit Loss (in ₹ Crores)

Consolidated Balance Sheet (in ₹ Crores)

Consolidated Cash Flows (in ₹ Crores)

Projection

Shareholdings

Shareholding History

Market Transactions

Unlock more with professional

Frequently Asked Questions about GNG Electronics Ltd

What is GNG Electronics Ltd share price today?

What does GNG Electronics Ltd do?

What is the 52-week high and low of GNG Electronics Ltd?

What is the market capitalization of GNG Electronics Ltd?

Should I consider investing in GNG Electronics Ltd stock?

Is GNG Electronics Ltd a large-cap, mid-cap, or small-cap stock?

Which sector does GNG Electronics Ltd belong to and why does it matter?

What is the PE ratio of GNG Electronics Ltd?

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