GNG Electronics Limited
NSE: EBGNGComputers Hardware & Equipments
Share price
₹685.50
-0.96% close of 9 Oct 2026
Price-based ratios (P/B, dividend yield, EV/EBITDA) are as of 8 Oct 2026, the close above is 9 Oct 2026.
Business score
How strong the business is, in one number. The parts behind it are in Pro.
69
out of 100 · worked out 8 Oct 2026
Your ratios
The numbers you want to see first. Tap Edit to change them.
Market cap
₹7,883 Cr
P/E ratio
55.1
P/B ratio
10.3
ROCE
20.2%
ROE
26.8%
Dividend yield
0.0%
Price & valuation chart
How the share price and its valuation have moved. Hover over the chart to see any day. Prices as of the last close.
Answers
Simple answers to the questions investors ask most, from the company's own numbers.
How fast it has been growing
Fewer than three years of filings — too early to judge growth.
Whether it grew faster than its sector
It grew 34.1% a year against a sector median of 14.5% — 19.6 percentage points faster.
Room to re-rate, or risk of de-rating
Too little price history yet to compare it with its own past.
Whether growth justifies the valuation
Priced at 0.9 times its growth rate, on earnings growth of 59%.
| Profit growth | Price per ₹1 profit | Per 1% growth | |
|---|---|---|---|
| GNG Electronics Limited — this one | 59%/yr | 55.1× | ₹0.93 |
| Rashi Peripherals Limited | 31%/yr | 18.4× | ₹0.59 |
| Moschip Technologies Limited | 87%/yr | 118.9× | ₹1.4 |
| NELCO Limited | -69%/yr | 328.8× | — |
| D-Link (India) Limited | 2%/yr | 13.3× | ₹6.6 |
| Control Print Limited | -8%/yr | 25.1× | — |
Compared with companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.
How it compares with its peers
Against companies the exchange files under the same label (Computers Hardware & Equipments), it ranks 3 of 10 on returns, 1 of 10 on growth, 3 of 10 on margin. That grouping comes from the exchange's filing category, so some of them may not be real rivals.
What makes it hard to beat — and is that still true?
A narrow advantage: it earns 20.2% on capital, ahead of 70% of companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.
Whether its growth pays for itself
No — Over the last five years the business itself consumed ₹248 crore of cash before any plant spend, funded mostly borrowed — borrowings rose from ₹100 crore to ₹445 crore. And the profit is not backed by cash: it reported a profit over 7 years and consumed cash from the business. Its cash comes back more slowly than it used to: it went from being waiting 46 days for its cash to waiting 112 days for its cash.
Profit reality check
Is the profit real cash? Simple checks on the accounts. Facts only, not advice.
5 of 9 checks clear · 56%
Latest result · Q1 FY27
What the last results showed. Whether management kept its word is in Pro.
Q1 revenue grew 32% and management raised FY27 revenue and profit-margin guidance.
Announced 30 Jul 2026 · Consolidated · Unaudited
Revenue
₹412 Cr
Revenue vs last year
+32.1%
Revenue vs last quarter
-36.7%
Net profit
₹29 Cr
Profit vs last year
+52.3%
Profit vs last quarter
-31.1%
Net margin
7.0%
EPS
₹2.54
Earnings call transcript · 30 Jul 2026
Checklist before you investPRO
Points for and against, in one list.
Key numbers & peers
The main numbers grouped by topic, and how the company compares with similar ones.
Price
- Market cap
- ₹7,883 Cr
- Prev close
- ₹685.50
- 52w High
- ₹740
- 52w Low
- ₹239
- Enterprise value
- ₹8,210 Cr
- Beta
- 1.0
- Price CAGR 1y
- 117.0%
- Price CAGR 3y
- —
- Price CAGR 5y
- —
- Price CAGR 10y
- —
Ratios
- Return on assets
- 10.5%
- PEG ratio
- 0.9
- P/E ratio
- 55.1
- P/B ratio
- 10.3
- EV / EBITDA
- 38.5
- Industry P/E
- 25.4
- ROCE
- 20.2%
- ROCE 5y average
- 20.6%
- ROE
- 26.8%
- Debt / Equity
- 0.6
- Interest coverage
- 4.5
- Dividend yield
- 0.0%
- ROE 3y average
- 31.0%
- ROE last year
- 27.0%
Annual P&L
- Annual revenue
- ₹1,891 Cr
- Annual profit
- ₹132 Cr
- Operating margin
- 10.0%
- Net profit margin
- 7.0%
- EBITDA margin
- 10.4%
- Sales growth 3y
- 42.0%
- Sales growth 5y
- 40.6%
- Profit growth 3y
- 59.0%
- Profit growth 5y
- 77.0%
- EPS
- ₹11.6
- Sales growth TTM
- 36.0%
- Profit growth TTM
- 89.0%
- Dividend payout
- 0.0%
Quarter P&L
- Sales latest quarter
- ₹412 Cr
- Profit latest quarter
- ₹29 Cr
- YoY quarterly sales growth
- 32.1%
- YoY quarterly profit growth
- 52.6%
- OPM latest quarter
- 12.0%
Balance Sheet
- Book Value
- ₹65.9
- Face Value
- ₹2.0
- Total debt
- ₹445 Cr
- Total cash
- ₹118 Cr
- Borrowings
- ₹445 Cr
- Reserves / Equity
- 32.0
Cash Flow
- Operating cash flow
- -₹215 Cr
- Free cash flow
- -₹238 Cr
- FCF yield
- -3.6%
- Net cash flow
- ₹90 Cr
Shareholding
- Promoter holding
- 74.8%
- FII holding
- 5.3%
- DII holding
- 6.8%
- Public holding
- 13.1%
Peer comparison
| Company | Price ₹ | P/E | Mkt cap ₹ Cr | Div yield % | Profit qtr ₹ Cr | Profit var % | Sales qtr ₹ Cr | Sales var % | ROCE % |
|---|---|---|---|---|---|---|---|---|---|
| GNG Electronics | 731.35 | 58.5 | 8,338 | 0.00 | 28.9 | 56.2 | 412.5 | 32.1 | 20.2 |
| Rashi Peripheral | 939.70 | 19.6 | 6,240 | 0.21 | 104.6 | 67.6 | 5,101.9 | 61.9 | 17.0 |
| Moschip Tech. | 195.20 | 119.5 | 3,810 | 0.00 | 2.5 | -77.6 | 116.2 | -14.3 | 11.0 |
| NELCO | 915.80 | 350.1 | 2,090 | 0.11 | 2.3 | 15.6 | 80.0 | 7.0 | 7.2 |
| D-Link India | 419.20 | 13.9 | 1,488 | 6.20 | 27.6 | 13.3 | 457.0 | 30.5 | 25.9 |
| Bharat Global | 103.00 | 1,043 | 0.00 | -1.1 | -178.3 | 0.0 | -100.0 | -0.0 | |
| Control Print | 619.95 | 25.5 | 992 | 1.61 | 3.9 | -39.5 | 115.6 | 3.8 | 16.4 |
| Median | 272.95 | 25.5 | 737 | 0.00 | 3.9 | 13.3 | 93.0 | 12.4 | 14.1 |
Competes with: Control Print Limited, D-Link (India) Limited, Dc Infotech And Communication Limited, HCL Infosystems Limited, Moschip Technologies Limited, NELCO Limited, Rashi Peripherals Limited, Smartlink Holdings Limited, TVS Electronics Limited
Quarterly results
Sales and profit for each of the last 13 quarters. Newest on the right. ₹ crore.
| Line item | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|
| Sales | 255 | 353 | 347 | 456 | 312 | 440 | 487 | 652 | 412 |
| Expenses | 230 | 320 | 317 | 428 | 280 | 393 | 433 | 588 | 363 |
| Material Cost | 0 | 0 | 0 | 0 | 0 | ||||
| Change in Inventories | -64 | 136 | -269 | -24 | 38 | ||||
| Purchases of Stock-in-Trade | 310 | 216 | 655 | 550 | 273 | ||||
| Employee Cost | 22 | 22 | 27 | 33 | 32 | ||||
| Other Expenses | 12 | 19 | 20 | 29 | 20 | ||||
| Operating Profit | 26 | 33 | 31 | 28 | 32 | 47 | 54 | 63 | 49 |
| OPM % | 9.99 | 9.32 | 8.83 | 6.11 | 10 | 11 | 11 | 9.72 | 12 |
| Other Income | 2 | 3 | 1 | 3 | 3 | 0 | 1 | 1 | 4 |
| Exceptional items (within Other Income) | 0 | 0 | 0 | 0 | 0 | ||||
| Interest | 10 | 10 | 9 | 10 | 11 | 8 | 9 | 14 | 14 |
| Depreciation | 2 | 2 | 2 | 3 | 2 | 2 | 3 | 3 | 3 |
| Profit before tax | 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 | 3.70 | 2.54 |
| Diluted EPS in Rs | 2.03 | 2.78 | 3.34 | 3.89 | 2.54 |
Profit & loss
Yearly sales, costs and profit for 12 years, plus the last 12 months (TTM). ₹ crore.
| Line item | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|
| 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 |
| Material Cost | 0 | |||||||
| Change in Inventories | -220 | |||||||
| Purchases of Stock-in-Trade | 1,731 | |||||||
| Employee Cost | 105 | |||||||
| Other Expenses | 80 | |||||||
| Operating Profit | 6 | 13 | 31 | 45 | 79 | 117 | 196 | 213 |
| OPM % | 2.40 | 3.90 | 6 | 7 | 7 | 8 | 10 | 11 |
| Other Income | 1 | 2 | 1 | 3 | 6 | 9 | 4 | 5 |
| Exceptional items (within Other Income) | 0 | |||||||
| Interest | 5 | 6 | 8 | 12 | 24 | 38 | 42 | 46 |
| Depreciation | 0 | 1 | 1 | 1 | 4 | 9.45 | 10 | 12 |
| Profit before tax | 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 | 12 | 12 | ||
| Diluted EPS in Rs | 12 | |||||||
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Compounded growth
Average yearly growth over different spans, as stored. A span can cross a demerger or an acquisition.
Compounded sales growth
- 10 years
- —
- 5 years
- 41%
- 3 years
- 42%
- TTM
- 36%
Compounded profit growth
- 10 years
- —
- 5 years
- 77%
- 3 years
- 59%
- TTM
- 89%
Stock price CAGR
- 10 years
- —
- 5 years
- —
- 3 years
- —
- 1 year
- 117%
Return on equity
- 10 years
- —
- 5 years
- 31%
- 3 years
- 31%
- Last year
- 27%
Balance sheet
What the company owns and what it owes, at the end of each year. ₹ crore.
| Line item | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 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 |
| Minority Interest | 1.55 | ||||||
| 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 flows
Real money coming in and going out each year — from the business, from investments and from loans. ₹ crore.
| Line item | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | -35 | -12 | -17 | 1 | 97 | -114 | -215 |
| Cash from Investing Activity | -6 | -4 | 0 | -34 | -28 | -4 | -46 |
| Cash from Financing Activity | 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 |
Ratios
How fast customers pay, how long stock sits, and how well capital earns — year by year.
| Line item | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 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 |
Price trend
The price as a Renko brick chart: small moves drop out so the bigger path stands out.
Every brick is the same size, about one typical day's move. A new brick needs a full brick's move; turning the other way needs two. Bricks show where the price went, not where it will go.
Open interestPRO
Where option traders are positioned on this stock.
Industry numbers
The numbers that matter most in this industry, from the company's own filings.
1 when an audit qualification is filed as repetitive
0.00flag
2026-03-31
the company's own unlisted debt securities in default at period end
0.00cr
2026-06-30
the company's own loans / revolving facilities in default at period end (standalone filing)
0.00cr
2026-06-30
net debt from the filed balance sheet at the newest year end: Borrowings − Cash Equivalents − Investments (Current); negative = net cash
327inr_cr
2026-03-31
guarantees / comfort given for promoter, promoter group, directors and KMP
202cr
2026-03-31
loans outstanding to promoter, promoter group, directors and KMP (governance filing)
0.00cr
2026-03-31
security given for the borrowing of promoter, promoter group, directors and KMP
0.00cr
2026-03-31
US share of revenue %
24.00pct
2026-06-30
volume growth %
18.00pct
2026-06-30
News
News and filings about GNG Electronics Limited. Open one to see why it matters.
No recent news for this company.
Supply chain
Who it buys from, sells to and competes with — as recorded in our map of company links.
Competes with
Uses as raw material
- Microsoft OS / software licences (Microsoft Authorized Refurbisher program)
- replacement parts and components (LCD assemblies, motherboards, batteries, memory, storage, chargers)
- used / pre-owned ICT devices (laptops, desktops, tablets, servers, smartphones)
About
What the company is, from our own records: where it sits, where it makes things, and what it is made of.
- Sector
- Information Technology
- Industry
- Computers Hardware & Equipments
- Classification
- Information Technology › Computers Hardware & Equipments
- ISIN
- INE18JU01028
Plants
- Electronics Bazaar FZC Refurbishment Facility (R2v3)
- Electronics Bazaar Production Facility, MIDC TTC
News impact
Big market events that reach GNG Electronics Limited, and how the effect spreads.
12 Sept, 04:23 IST · Market event · medium impact
UPDATE: Cognizant faces PERM suspension; US bars 5 firms from H-1B program — visa vise tightens on IT
America is tightening work visas for tech workers — big Indian IT firms face slightly higher costs and bad headlines, but most already hire locally in the US, so the damage is limited.
Who it hits first
- Staffing-heavy outsourcers face higher onsite costs and compliance burden
- Majors (TCS, Infosys) see headline risk and FII selling, but localized workforces limit real damage
- Domestic/product IT names (cloud, SaaS, servers) are unaffected
Who may gain
- US staffing and localization plays; domestic GCCs (global capability centers) gain talent
- Indian product/SaaS firms hiring returning engineers
Along the supply chain
Downstream
US clients pay slightly more for compliant delivery or accept more offshore mix.
Upstream
No goods chain — the 'supply' is skilled engineers, whose US mobility narrows; offshore benches deepen instead.
Where demand moves
Business
US clients shift marginal work offshore or to local hires, trimming onsite billing; domestic GCC hiring absorbs returning engineers over 2-4 quarters.
Capital
FII trims IT majors on visa headlines; domestic funds buy the dip as earnings impact proves small — the post-2017 pattern.
How it spreads across sectors
Information Technology
mildly negative on costs and sentiment; structural offshoring trend intact
When it plays out
Immediate
IT stocks dip 1-2% on headlines; FII selling concentrated in majors
Medium term
Localization deepens; 60-day-grace rule (if finalized) is the bigger structural risk
Short term
Q2 management commentary quantifies cost impact (likely <50 bps margins)
11 Sept, 04:38 IST · Market event · low impact
Wipro AI push frees capacity equal to 20,000 workers; 100,000 staff get advanced AI training
Wipro says AI tools now do the work of 20,000 staff, letting it protect margins without layoffs while rivals race to copy the model.
Who it hits first
- Wipro converts AI productivity into margin defence and faster delivery
- Peers (TCS, Infosys) accelerate their own AI capacity programmes
- AI-infra names (E2E, Netweb) gain enterprise-AI validation
Who may gain
- Clients get cheaper, faster delivery — deal win rates improve
- AI server and cloud providers gain enterprise AI spend
Along the supply chain
Downstream
Clients negotiate AI-linked productivity discounts into renewals.
Upstream
AI cloud and GPU providers gain as IT firms scale internal AI usage.
Where demand moves
Business
Delivery pyramids flatten as AI agents handle routine code and testing; freed staff move to forward-deployed engineering at client sites.
Capital
Money rewards AI-led margin stories in IT; Wipro's turnaround narrative strengthens.
How it spreads across sectors
Information Technology
AI productivity becomes table stakes; margin leaders pull ahead
When it plays out
Immediate
Wipro firms on margin narrative; sector sentiment mildly positive.
Medium term
AI-led delivery permanently lifts sector margins 100-200 bps over 3 years.
Short term
Watch Q3 margins and headcount data for proof of AI leverage.
Dividends, splits & big trades
Money paid out, share splits and buybacks, and big buys or sells by funds and insiders.
Splits, bonuses & buybacks
- daily-prices repair: 1 rows from NSE's archive (replace 0, delete 0, insert 1), 2026-02-01..2026-02-01 (docs/flat_day_repair.md)1× · 1 Feb 2026
Bulk & block deals
| Date | Who | Bought / sold | Shares | Price |
|---|---|---|---|---|
| 30 Sep 2026 | VIDHI S KHANDELWAL | SELL | 34,20,345 | ₹674.80 |
| 30 Sep 2026 | UNIFI CAPITAL PRIVATE LIMITED | BUY | 20,12,345 | ₹674.80 |
| 30 Sep 2026 | BLEND FUND 2 | BUY | 8,88,000 | ₹674.80 |
| 11 Jun 2026 | VIDHI S KHANDELWAL | SELL | 44,87,203 | ₹390.00 |
| 11 Jun 2026 | MIRAE ASSET MUTUAL FUND | BUY | 6,41,032 | ₹390.00 |
| 11 Jun 2026 | GOLDMAN SACHS FUNDS-GOLDMAN SACHS ASIA EQUITY PORTFOLIO | BUY | 6,41,031 | ₹390.00 |
| 11 Jun 2026 | TRUST MUTUAL FUND | BUY | 6,41,030 | ₹390.00 |
| 11 Jun 2026 | ITI MUTUAL FUND | BUY | 6,41,029 | ₹390.00 |
| 11 Jun 2026 | EDELWEISS MUTUAL FUND | BUY | 6,41,028 | ₹390.00 |
| 11 Jun 2026 | MOTILAL OSWAL EQUITY OPPORTUNITIES FUND SERIES II | BUY | 6,41,027 | ₹390.00 |
Insider trades
| Disclosed | Who | Type | Shares | Value ₹ Cr |
|---|---|---|---|---|
| 30 Sep 2026 | Vidhi S Khandelwal · Promoter | SELL | 34,20,345 | 230.80 |
| 18 Sep 2026 | Vidhi S Khandelwal · Promoter | SELL | 44,87,203 | 175.00 |
Documents
Annual reports, results presentations and earnings calls, straight from the source.
- Annual report · 2025-261 Sep 2026
- Earnings call6 Aug 2026
- Earnings call · Q1FY2730 Jul 2026
- Earnings call · Q4FY265 May 2026
- Earnings call · Q3FY265 Feb 2026
- Earnings call · Q2FY264 Nov 2025
Facts from company filings and exchange data. Not investment advice: nothing here tells you to buy or sell.