EPW India Ltd
EPW India is an IT electronics refurbishing company providing affordable refurbished laptops, desktops, Chromebooks, monitors, and accessories.[1]
- Market Cap ₹ 165 Cr.
- Current Price ₹ 144
- High / Low ₹ 158 / 98.0
- Stock P/E 16.4
- Book Value ₹ 37.0
- Dividend Yield 0.00 %
- ROCE 44.5 %
- ROE 42.4 %
- Face Value ₹ 5.00
Pros
- Company has reduced debt.
- Company has a good return on equity (ROE) track record: 3 Years ROE 54.4%
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Debtor days have increased from 85.0 to 136 days.
- Working capital days have increased from 51.2 days to 122 days
* 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 Nifty SME Emerge
Half Yearly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| 7 | 19 | 52 | 102 | |
| 7 | 17 | 46 | 86 | |
| Operating Profit | 0 | 1 | 6 | 16 |
| OPM % | 2% | 6% | 11% | 16% |
| 0 | 0 | 0 | 0 | |
| Interest | 0 | 0 | 0 | 2 |
| Depreciation | 0 | 0 | 0 | 0 |
| Profit before tax | 0 | 1 | 6 | 14 |
| Tax % | 30% | 28% | 29% | 29% |
| 0 | 1 | 4 | 10 | |
| EPS in Rs | 7.00 | 74.00 | 404.00 | 8.77 |
| Dividend Payout % | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 148% |
| TTM: | 96% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 424% |
| TTM: | 149% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 54% |
| Last Year: | 42% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| Equity Capital | 0.10 | 0.10 | 0.10 | 6 |
| Reserves | 0 | 1 | 5 | 37 |
| 1 | 0 | 13 | 10 | |
| 5 | 7 | 8 | 20 | |
| Total Liabilities | 6 | 8 | 26 | 72 |
| 0 | 0 | 0 | 3 | |
| CWIP | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 |
| 6 | 8 | 25 | 69 | |
| Total Assets | 6 | 8 | 26 | 72 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| 0 | -12 | -16 | ||
| -0 | -1 | -3 | ||
| -0 | 13 | 23 | ||
| Net Cash Flow | 0 | 0 | 4 | |
| Free Cash Flow | 0 | -12 | -19 | |
| CFO/OP | 43% | -179% | -87% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| Debtor Days | 9 | 56 | 63 | 136 |
| Inventory Days | 289 | 91 | 116 | 96 |
| Days Payable | 318 | 138 | 39 | 52 |
| Cash Conversion Cycle | -21 | 9 | 140 | 180 |
| Working Capital Days | -1 | 6 | 26 | 122 |
| ROCE % | 105% | 60% | 45% |
Insights
In beta| Mar 2021 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
| Desktops Sold Units |
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| Laptops Sold Units |
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| Monitors Sold Units |
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| Peripherals & Accessories Sold Units |
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| Total Customer Count Number |
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| E-Waste Recycling Utilized Capacity TPA |
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| Retail Stores Number |
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| E-Waste Recycling Installed Capacity TPA |
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Extracted by Screener AI
Documents
Announcements
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Granting/withdrawal/surrender/cancellation/suspension of key licenses/ regulatory approvals
5 June 2026 - Telangana PCB granted hazardous waste authorization to subsidiary on 4 June 2026; validity till 28 Feb 2031.
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Disclosure under SEBI Takeover Regulations
3 June 2026 - Promoter disclosed no encumbrance on company shares during FY ended 31 March 2026.
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Structural Digital Database
28 May 2026 - EPW India filed FY26 SDD compliance certificate; no non-compliance reported.
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Appointment
27 May 2026 - EPW India appointed R&A Associates as Secretarial Auditor for FY2025-26 on 27 May 2026.
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Appointment
27 May 2026 - EPW India appoints M/s. Nelli & Co. as internal auditor for FY 2026-27.
Business Profile[1]
EPW India Limited is an IT electronics refurbishing company engaged in refurbishing and resale of used laptops, desktops, Chromebooks, monitors and IT peripherals. The company operates an end-to-end reverse supply chain model, sourcing used IT assets, refurbishing them in-house, and selling them through B2B and B2C channels via company-owned retail stores and its website.