Refurbishes laptops, desktops and enterprise computing systems and resells them to channel partners and end-buyers across international markets including India, the US and Europe. Distribution runs through partners such as Redington Limited, which alone gives access to over 70,000 channel partners across 40-plus markets, with India contributing 33% of revenue, the US 24% and Europe 23%. FY26 revenue reached Rs 1,891 crore, and Q1 FY27 revenue grew 32% year-on-year to Rs 412.5 crore, with Q1 gross margin at 24.6% and PAT Rs 28.9 crore. The model is asset-light and working-capital-driven, with strategic inventory funding an instant-delivery capability. Employee cost is 5.5% of FY26 revenue and other operating expenses 4.2%. Recent expansion runs via the EB Elite Program, Chai Pe Charcha and national distributors. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Refurbished laptops, Refurbished desktops, Enterprise computing systems. Asset-light, working-capital-driven refurbished IT hardware distribution.
| ₹ crore · consolidated | FY26 |
|---|---|
| Revenue | 1,891 |
| EBITDA (ex other income) | 196 |
| margin % | 10.4 |
| Owners' profit | 0 |
| EPS, as reported (₹) | 11.58 |
| ROE % · ROCE % | 17.4 · 24.1 |
| Debt / equity (x) | 0.53 |
| Cash from operations | (215) |
| Capex | (23) |
| ₹ crore | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|
| Revenue | 312 | 440 | 487 | 652 | 412 |
| Profit before tax | 22 | 36 | 43 | 46 | 36 |
| Net profit | 19 | 33 | 39 | 42 | 29 |
| EPS (₹) | 2.03 | 2.78 | 3.34 | 3.70 | 2.54 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| GNG ELECTRONICS LIMITED ◆ | 7,810 | 55.4 | 10.28 | 40.6 | 17.4 | 18.7 | — | 12.8 |
| RASHI PERIPHERALS LIMITED | 5,391 | 16.9 | 2.65 | 12.6 | 13.9 | 18.0 | — | 3.4 |
| MOSCHIP TECHNOLOGIES LTD | 4,087 | 150.3 | 10.00 | 69.0 | 8.6 | 7.4 | 40.9 | 10.1 |
| NELCO LTD | 2,158 | 559.5 | 16.75 | 75.5 | 2.6 | 3.1 | 6.3 | 11.9 |
| D-LINK INDIA LTD | 1,544 | 14.4 | 3.05 | 10.2 | 20.6 | 27.2 | 16.6 | 8.6 |
| BHARAT GLOBAL DEVELOPERS LIMIT | 1,419 | 168.8 | 7.46 | — | (0.1) |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 2 Sept 2026 · GNG Electronics informs about newspaper notice for 20th AGM | compliance | minimal | — | — |
| 1 Sept 2026 · 20th AGM Notice and Annual Report link sent to unregistered shareholders | compliance | minimal | — | — |
| 1 Sept 2026 · Notice of 20th AGM on September 24, 2026 via video conferencing | board shareholder meetings | low | — | — |
| 1 Sept 2026 · GNG Electronics FY26 Annual Report: Revenue up 34%, PAT up 91% | results | high | — | — |
| 1 Sept 2026 · Book closure for 20th AGM from September 18 to 24, 2026 | corporate actions | low | — | — |
| 28 Aug 2026 · GNG Electronics files newspaper ad disclosure for 20th AGM | compliance | minimal | — | — |
| 28 Aug 2026 · Revised Board Outcome: RPT Approvals, Director Re-appointment, AGM Notice | management changes | high | — | — |
| 27 Aug 2026 · Board approves director re-appointment, RPTs up to Rs 8,200 million, AGM on Sep 24 | management changes | medium | — | — |
| 5 Aug 2026 · Q1 FY27 transcript: revenue up 32%, PAT up 56%, guidance raised | investor communications | medium | — | — |
| 1 Aug 2026 · GNG Electronics publishes Q1 FY27 results in newspapers | compliance | minimal | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions |
| (0.1) |
| — |
| — |
| IVALUE INFOSOLUTIONS LTD | 1,232 | 11.9 | 2.17 | 7.8 | 17.3 | 21.9 | — | 13.4 |
| CONTROL PRINT LIMITED | 931 | 23.9 | 2.06 | 9.6 | 9.7 | 15.5 | 18.8 | 13.4 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 55.4 | 20.8 | 13 of 18 | 29% |
| P/B | 10.3 | 2.9 | 14 of 16 | 13% |
| ROCE | 18.7 | 14.9 | 4 of 19 | 83% |
| ROE | 17.4 | 9.7 | 3 of 17 | 88% |
| Debt / Equity | 0.5 | 0.1 | 16 of 17 | 6% |
| EBITDA margin | 12.8 | 8.8 | 4 of 13 | 75% |
| Revenue growth | 32.1 | 7.0 | 4 of 15 | 79% |
| Profit growth | 56.2 | 30.0 | 6 of 15 | 64% |
| Market cap | 7810 | 517 | 1 of 19 | 100% |
| an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.
