GNG Electronics Ltd
Incorporated in 2006, GNG Electronics Limited offers refurbishing services for laptops, desktops, and ICT Devices, both globally and in India.[1]
- Market Cap ₹ 3,848 Cr.
- Current Price ₹ 338
- High / Low ₹ 402 / 300
- Stock P/E 164
- Book Value ₹ 43.8
- Dividend Yield 0.00 %
- ROCE 17.2 %
- ROE 21.8 %
- Face Value ₹ 2.00
Pros
- Company has reduced debt.
- Company has delivered good profit growth of 80.0% CAGR over last 5 years
Cons
- Stock is trading at 7.71 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has low interest coverage ratio.
- Company's cost of borrowing seems high
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Information Technology Information Technology IT - Hardware Computers Hardware & Equipments
Part of BSE IPO
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| 225 | 272 | 356 | 449 | 589 | 711 | |
| 220 | 263 | 339 | 430 | 555 | 659 | |
| Operating Profit | 5 | 9 | 16 | 19 | 33 | 52 |
| OPM % | 2% | 3% | 5% | 4% | 6% | 7% |
| 1 | 1 | 1 | 3 | 5 | 11 | |
| Interest | 5 | 5 | 8 | 10 | 20 | 28 |
| Depreciation | 0 | 1 | 1 | 1 | 2 | 7 |
| Profit before tax | 1 | 3 | 9 | 12 | 16 | 28 |
| Tax % | 23% | 26% | 27% | 25% | 32% | 33% |
| 1 | 3 | 7 | 9 | 11 | 19 | |
| EPS in Rs | 1,719.07 | 2,283.51 | 2,750.00 | 1.92 | ||
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 26% |
| 3 Years: | 26% |
| TTM: | 21% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 80% |
| 3 Years: | 40% |
| TTM: | 72% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 15% |
| 3 Years: | 17% |
| Last Year: | 22% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 19 | 23 |
| Reserves | 42 | 44 | 59 | 68 | 78 | 71 | 476 |
| 54 | 72 | 100 | 124 | 244 | 225 | 141 | |
| 39 | 25 | 6 | 10 | 24 | 24 | 31 | |
| Total Liabilities | 135 | 141 | 165 | 202 | 346 | 340 | 670 |
| 3 | 2 | 2 | 3 | 30 | 31 | 28 | |
| CWIP | 0 | 0 | 0 | 1 | 0 | 0 | 0 |
| Investments | 15 | 15 | 15 | 15 | 22 | 15 | 115 |
| 117 | 124 | 148 | 184 | 295 | 294 | 528 | |
| Total Assets | 135 | 141 | 165 | 202 | 346 | 340 | 670 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| -24 | -17 | -18 | -11 | 88 | -9 | |
| -16 | 0 | 1 | -1 | -27 | 4 | |
| 48 | 23 | 18 | 17 | -23 | -21 | |
| Net Cash Flow | 8 | 6 | 1 | 5 | 38 | -25 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| Debtor Days | 95 | 44 | 58 | 45 | 40 | 14 |
| Inventory Days | 67 | 91 | 71 | 83 | ||
| Days Payable | 68 | 19 | 6 | 6 | ||
| Cash Conversion Cycle | 95 | 116 | 123 | 122 | 40 | 14 |
| Working Capital Days | 16 | 24 | 37 | 32 | -17 | 11 |
| ROCE % | 8% | 12% | 12% | 14% | 17% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Newspaper Publication
6 Nov - GNG Electronics Limited has informed regarding the Newspaper Publication in which Unaudited Financial Results for the quarter ended September 30, 2025 was published
-
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
4 Nov - Q2 FY26 earnings conference-call audio recording published on company website, dated November 4, 2025.
-
Announcement under Regulation 30 (LODR)-Press Release / Media Release
4 Nov - Q2 FY26 revenue ₹439.9Cr, EBITDA ₹46.8Cr, PAT ₹32.7Cr; H1 revenue ₹752.2Cr, PAT ₹51.2Cr.
-
Announcement under Regulation 30 (LODR)-Investor Presentation
4 Nov - Investor Presentation for the Earnings Call scheduled on November 04, 2025 at IST 6:00 PM
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Intimation For Appointment Of Internal Auditor For F.Y. 2025-26
4 Nov - Approved Q2 results; HDFC limits to ₹283.5Cr; corporate guarantee AED20m; RPT sales up to ₹300Cr.
Concalls
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Nov 2025TranscriptNotesPPT REC
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Aug 2025Transcript PPT REC
Business Profile[1][2]
GNG Electronics Limited is India’s largest refurbisher of laptops and desktops and a major global player in refurbishing ICT devices (laptops, desktops, tablets, servers, smartphones, etc.). The company operates under the “Electronics Bazaar” brand and follows a repair-over-replacement model.