GNG Electronics (EBGNG) had a P/E of 40.2× on 6 Nov 2026, below the industry P/E of 59.0×, and the shares are 25% below their 52-week high. Sales and net profit grew 43% and 60% a year over 3 years, with ROCE of 24% and ROE of 22%. Debt is 0.76× equity. It is a small-cap company with a market cap of ₹6,662 Cr, ranked 2nd of 9 Computer Hardware companies by market cap; the shares rose 110% over the past year.
- ₹691.00
- ₹700.00
- ₹583.65
- ₹729.55
- 33 L
Health check
- ReturnsAhead
+110.5% over a year, better than 7 of 7 peers.
- Price tagCheaper
P/E 40.2 vs industry 59.0.
- GrowthStrong
Sales +43.1%, profit +59.7% a year over 3 years.
- ProfitabilityStrong
ROCE 23.8% vs peer median 6.8%.
- Balance sheetFair
Debt 0.76× equity, interest covered 4.6×, Piotroski 6 of 9.
- Red flags1 to check
Promoter stake down from 78.7% to 71.8%.
Small cap
Market sensitivity
Key metrics
- Market cap
- ₹6,662 Cr
- Small cap
- P/E
- 40.2
- Industry 59.0
- Price to book
- 7.83
- Peers 1.75
- Dividend yield
- 0.00%
- ROE
- 21.8%
- Peers 2.3%
- ROCE
- 23.8%
- Peers 6.8%
- Debt to equity
- 0.76
- Debt ₹653 Cr
- EPS (TTM)
- ₹14.52
- Face value ₹2
- OPM (TTM)
- 11.9%
- Net margin 7.6%
- Sales growth
- +42.0%
- Latest quarter vs a year ago
- Profit growth
- +72.5%
- Latest quarter vs a year ago
- Price to sales
- 3.06
- EV/EBITDA 27.7
Strengths and risks
Strengths
- Return on equity of 21.8%.
- Return on capital employed of 23.8%.
- Quarterly profit up 72.5% on a year ago.
- Quarterly sales up 42.0% on a year ago.
- P/E of 40.2 against an industry P/E of 59.0.
Risks to check
- Promoter stake down from 78.7% to 71.8%.
About GNG Electronics
GNG Electronics Limited refurbishes, repairs, and sells laptops and desktops through its Electronics Bazaar brand in India and internationally. The company offers tablets, servers, premium smartphones, mobile workstations, and accessories. It also provides Information Technology Asset Disposition (ITAD) and e-waste management, doorstep service, and financing services; openbox, brand-new, and customised devices; value-added services, such as replacement…
- Headquarters
- Mumbai
- Employees
- 1,361
- Sector
- Technology
- ISIN
- INE18JU01028
- Website
- electronicsbazaar.com
Price range
- Avg volume (3M)
- 9.3 L
- 1-year return
- plus 110.5%
- From 52-week high
- minus 24.7%
Peers · Computer Hardware
| Company | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| NETWEBNetweb Technologies India | 3,771.40 | minus 6.27% | 22,420 | 59.0 | 10.41 | 38.8% | 27.3% | 14.2% | 70.4% | 63.7% | 0.08% | plus 10.8% |
| EBGNGGNG Electronics | 584.35 | minus 19.90% | 6,662 | 40.2 | 7.83 | 23.8% | 26.8% | 10.7% | 43.1% | 59.7% | 0.00% | plus 110.5% |
| SELECTRICSchneider Electric President Systems | 1,400.15 | minus 4.29% | 1,694 | – | 7.12 | – | −53.5% | 4.0% | – | – | 0.00% | minus 37.1% |
| TVSELECTTVS Electronics | 395.05 | plus 7.15% | 743 | – | 7.68 | 6.8% | 1.3% | 3.4% | 8.8% | −49.0% | 0.00% | minus 41.1% |
| WEPSOLNWeP Solutions | 29.91 | plus 0.84% | 111 | 59.8 | 1.75 | 6.4% | 3.3% | 22.0% | −9.7% | −29.4% | 1.67% | plus 15.0% |
| DRONACHRYADroneAcharya Aerial Innovations | 30.25 | plus 2.61% | 73 | 189.1 | 1.24 | 0.9% | 0.6% | −89.4% | −7.6% | −52.2% | 0.00% | minus 49.8% |
| MANGALCOMPMangal Compusolution | 38.00 | 0.00% | 52 | 8.6 | 1.12 | 19.7% | 14.3% | 16.7% | 6.7% | −5.0% | 1.32% | minus 27.9% |
| VXLINSTRVXL Instruments | 5.20 | 0.00% | 7 | – | −1.31 | – | – | −550.3% | −79.3% | – | 0.00% | plus 67.2% |
| Median of 7 peers | – | 0.00% | 111 | 59.4 | 1.75 | 6.8% | 2.3% | 4.0% | −0.4% | −29.4% | 0.00% | −27.9% |
Quarterly results
| ₹ Cr | Sep 25 | Dec 25 | Mar 26 | Jun 26 | Sep 26 |
|---|---|---|---|---|---|
| 440 | 487 | 652 | 412 | 625 | |
| 393 | 433 | 588 | 363 | 532 | |
| 46.5 | 54 | 63.4 | 49.4 | 93.1 | |
| 10.6% | 11.1% | 9.7% | 12.0% | 14.9% | |
| 0.2 | 0.6 | 0.6 | 3.5 | 0.8 | |
| 8.4 | 9 | 14.4 | 13.9 | 22 | |
| 2.2 | 2.8 | 3.2 | 3.3 | 3.8 | |
| 36.1 | 42.8 | 46.4 | 35.7 | 68.1 | |
| 9.6% | 9.6% | 9.1% | 19.1% | 17.2% | |
| 32.7 | 38.7 | 42.1 | 28.9 | 56.4 | |
| 2.86 | 3.34 | 3.70 | 2.54 | 4.94 |
Profit & loss
- Sales CAGR 3Y
- +43.1%
- Profit CAGR 3Y
- +59.7%
- EPS CAGR 3Y
- +62.3%
- ROE
- 21.8%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 645 | 1,128 | 1,411 | 1,891 | |
| – | +74.8% | +25.1% | +34.0% | |
| 598 | 1,048 | 1,293 | 1,694 | |
| 46.9 | 80 | 118 | 197 | |
| 7.3% | 7.1% | 8.4% | 10.4% | |
| 0.1 | −0.4 | 5.6 | 1.9 | |
| 8.8 | 18.8 | 36.7 | 40.6 | |
| 2.8 | 3.7 | 9.5 | 10.4 | |
| – | 0.3 | 0.4 | 0 | |
| 35.4 | 57.3 | 78.3 | 148 | |
| 8.4% | 8.8% | 11.9% | 10.6% | |
| 32.3 | 52.1 | 68.8 | 132 | |
| – | +61.3% | +32.0% | +91.3% | |
| 2.84 | 4.57 | 6.04 | 12.14 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 0 | 0 | 19.4 | 22.8 | |
| 112 | 163 | 207 | 735 | |
| 160 | 332 | 454 | 445 | |
| 13.5 | 90.9 | 39.2 | 51.7 | |
| 286 | 586 | 719 | 1,254 | |
| 17.4 | 40.8 | 41.3 | 73.7 | |
| 0.7 | – | – | – | |
| – | – | – | 8.4 | |
| 27.4 | 67.9 | 27.8 | 118 | |
| 240 | 477 | 650 | 1,054 | |
| 286 | 586 | 719 | 1,254 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 25 | 97.5 | −114 | −215 | |
| −1.1 | −28.1 | −3.6 | −45.5 | |
| −17.6 | −28.9 | 77.3 | 351 | |
| 6.3 | 40.5 | −40.1 | 90.5 | |
| −2.3 | −24 | −10 | −22.9 | |
| 22.6 | 73.4 | −124 | −238 |
Shareholding pattern
- Promoters71.77%
- Public28.23%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 30 Sep 2026 | 71.77% | 28.23% | minus 3.00 | |
| 30 Jun 2026 | 74.77% | 25.23% | minus 3.94 | |
| 31 Mar 2026 | 78.71% | 21.29% | 0.00 | |
| 31 Dec 2025 | 78.71% | 21.29% | 0.00 | |
| 30 Sep 2025 | 78.71% | 21.29% | – |
Major shareholders
Filings & events
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