EPW India Ltd
EPW India is an IT electronics refurbishing company providing affordable refurbished laptops, desktops, Chromebooks, monitors, and accessories.[1]
- Market Cap ₹ 310 Cr.
- Current Price ₹ 270
- High / Low ₹ 282 / 98.0
- Stock P/E 30.1
- Book Value ₹ 37.4
- Dividend Yield 0.00 %
- ROCE 45.4 %
- ROE 42.8 %
- Face Value ₹ 5.00
Pros
- Company has a good return on equity (ROE) track record: 3 Years ROE 55.3%
Cons
- Stock is trading at 7.22 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Debtor days have increased from 82.2 to 126 days.
- Working capital days have increased from 45.1 days to 108 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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| 7 | 19 | 53 | 107 | |
| 7 | 18 | 47 | 91 | |
| Operating Profit | 0 | 1 | 6 | 16 |
| OPM % | 2% | 6% | 12% | 15% |
| 0 | 0 | 0 | 0 | |
| Interest | 0 | 0 | 0 | 2 |
| Depreciation | 0 | 0 | 0 | 0 |
| Profit before tax | 0 | 1 | 6 | 15 |
| Tax % | 25% | 27% | 28% | 29% |
| 0 | 1 | 4 | 10 | |
| EPS in Rs | 6.00 | 74.00 | 433.00 | 8.98 |
| Dividend Payout % | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 153% |
| TTM: | 102% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 456% |
| TTM: | 138% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 55% |
| Last Year: | 43% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| Equity Capital | 0.10 | 0.10 | 0.10 | 6 |
| Reserves | 0 | 1 | 5 | 37 |
| 1 | 0 | 12 | 10 | |
| 5 | 7 | 10 | 22 | |
| Total Liabilities | 6 | 8 | 27 | 75 |
| 0 | 0 | 0 | 4 | |
| CWIP | 0 | 0 | 0 | 3 |
| Investments | 0 | 0 | 0 | 0 |
| 6 | 8 | 27 | 69 | |
| Total Assets | 6 | 8 | 27 | 75 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| 0 | 0 | -11 | -13 | |
| -0 | -0 | -0 | -6 | |
| 1 | -0 | 12 | 23 | |
| Net Cash Flow | 1 | 0 | 0 | 4 |
| Free Cash Flow | 0 | 0 | -12 | -19 |
| CFO/OP | 155% | 44% | -175% | -66% |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| Debtor Days | 9 | 56 | 65 | 126 |
| Inventory Days | 289 | 91 | 124 | 103 |
| Days Payable | 318 | 138 | 54 | 79 |
| Cash Conversion Cycle | -21 | 9 | 136 | 150 |
| Working Capital Days | -33 | 1 | 26 | 108 |
| ROCE % | 103% | 66% | 45% |
Insights
In beta| Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|
| B2B Sales Channel Mix % ・Standalone data |
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| B2C Sales Channel Mix % ・Standalone data |
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| Laptops Sold Number of units ・Standalone data |
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| Number of B2B Customers customers ・Standalone data |
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| Number of B2C Customers customers ・Standalone data |
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| Refurbished Sales Mix % ・Standalone data |
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| Total Units Sold (Refurbished) Number of units ・Standalone data |
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| Recycling Capacity Utilization (Renavart) % |
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Extracted by Screener AI
Documents
Announcements
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Certificate under SEBI (Depositories and Participants) Regulations, 2018
14 July 2026 - Submitted Regulation 74(5) compliance certificate for quarter ended June 30, 2026; no demat/remat requests.
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Reply to Clarification- Financial results
13 July 2026 - EPW India clarified NSE remarks on FY26 results and submitted working capital certificate, corrected auditor reports.
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Clarification - Financial Results
27 June 2026 - Exchange has sought clarification from EPW India Limited for the quarter ended 31-Mar-2026 with respect to Regulation 33 of the SEBI (LODR) Regulations, 2015. On …
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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.
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.