GNG Electronics Ltd (EBGNG) — share price & stock analysis
Profits have nearly tripled in two years.
GNG Electronics Ltd (EBGNG) trades at ₹657 as of 1 July 2026, up 97% over the past year. The machine reads this as steady growth: profits have nearly tripled in two years. the price is in Stage 2 — advancing, 15 weeks in; the business cycle reads DEEP CYCLICAL / EXPANSION. Fundamentals-momentum score: 86/100 (mostly improving).
Data as of 1 July 2026 · every number traces to its Screener source column · not investment advice.
- Market cap
- ₹7,487 Cr
- P/E
- 56.7×
- ROE
- 26.8%
- Book value / share
- ₹66.5
- Revenue (FY26)
- ₹1,891 Cr
- Profit after tax (FY26)
- ₹132 Cr
- Weinstein stage
- Stage 2 (15 weeks)
- Data as of
- 1 July 2026
Profits swing violently in this business — margins swinging 8 points peak to trough. That is what “deep cyclical” means: the same company looks brilliant at the top of its cycle and broken at the bottom.net_profit
Where the clock stands now: earnings sit at 100% of their historical range, margins are the best ever printed, and valuation history is thin. That reads as EXPANSION — the comfortable middle — but the records are already on the table; from here the bet is that they keep coming.net_profit
4 of the 5 things we track are currently moving the right way — nearly everything is pulling in the same direction.
Where the levels actually stand: ROCE 20% — a high-quality engine; debt moderate (0.57× equity); margins at an all-time high. Momentum says which way things are moving; these say where they are.
Read this number for what it is: it measures the DIRECTION of change, not the quality of the business. A mediocre business getting better scores high here; a great one having a soft quarter scores low. Profit, sales and margins count double, and a quarter of the score comes from our earnings-recovery lens (is the profit cycle turning up off its trough?).
An uptrend that has held for 15 weeks
STAGE 2 · ADVANCING · 15 WEEKSEvery stock cycles through the same four seasons — a flat base (stage 1), an advance (2), a top (3), a decline (4). Right now this one is in Stage 2: advancing, 15 weeks in, confirmed.stage
The price sits above its rising 200-day average (₹384 today) — trends like this persist more often than they reverse, which is why the system rides them instead of guessing the top.dma_200
What would end it: two Friday closes in a row below the 200-day line. That is the house exit rule — mechanical, no debates.dma_200
Data: Weekly price, moving averages and stage
| Period | Price (₹) | 200-DMA (₹) | 50-DMA (₹) | Stage |
|---|---|---|---|---|
| Aug 25 | 313 | 333 | 333 | 4 |
| Aug 25 | 320 | 332 | 329 | 4 |
| Aug 25 | 322 | 332 | 328 | 4 |
| Aug 25 | 345 | 332 | 330 | 4 |
| Aug 25 | 342 | 333 | 333 | 1 |
| Sep 25 | 364 | 334 | 337 | 1 |
| Sep 25 | 355 | 335 | 340 | 1 |
| Sep 25 | 378 | 337 | 346 | 1 |
| Sep 25 | 346 | 338 | 349 | 2 |
| Oct 25 | 353 | 338 | 349 | 2 |
| Oct 25 | 335 | 339 | 347 | 2 |
| Oct 25 | 323 | 338 | 343 | 2 |
| Oct 25 | 325 | 337 | 341 | 2 |
| Oct 25 | 335 | 337 | 338 | 2 |
| Nov 25 | 338 | 337 | 338 | 2 |
| Nov 25 | 332 | 337 | 338 | 2 |
| Nov 25 | 325 | 337 | 336 | 2 |
| Nov 25 | 332 | 336 | 336 | 3 |
| Dec 25 | 315 | 336 | 333 | 4 |
| Dec 25 | 279 | 333 | 325 | 4 |
| Dec 25 | 301 | 331 | 319 | 4 |
| Dec 25 | 315 | 331 | 319 | 4 |
| Jan 26 | 311 | 330 | 317 | 4 |
| Jan 26 | 287 | 328 | 314 | 4 |
| Jan 26 | 284 | 326 | 309 | 4 |
| Jan 26 | 252 | 323 | 301 | 4 |
| Feb 26 | 257 | 320 | 291 | 4 |
| Feb 26 | 321 | 318 | 291 | 4 |
| Feb 26 | 336 | 319 | 299 | 4 |
| Feb 26 | 361 | 320 | 307 | 4 |
| Feb 26 | 386 | 323 | 320 | 4 |
| Mar 26 | 349 | 324 | 325 | 4 |
| Mar 26 | 387 | 326 | 333 | 4 |
| Mar 26 | 380 | 329 | 341 | 4 |
| Mar 26 | 371 | 331 | 347 | 4 |
| Apr 26 | 368 | 332 | 349 | 4 |
| Apr 26 | 409 | 334 | 354 | 2 |
| Apr 26 | 427 | 338 | 364 | 2 |
| Apr 26 | 384 | 340 | 369 | 2 |
| Apr 26 | 425 | 343 | 375 | 2 |
| May 26 | 421 | 348 | 387 | 2 |
| May 26 | 419 | 351 | 394 | 2 |
| May 26 | 449 | 355 | 401 | 2 |
| May 26 | 439 | 359 | 407 | 2 |
| Jun 26 | 447 | 362 | 412 | 2 |
| Jun 26 | 421 | 363 | 412 | 2 |
| Jun 26 | 411 | 363 | 412 | 2 |
| Jun 26 | 393 | 364 | 411 | 2 |
| Jun 26 | 433 | 365 | 412 | 2 |
| Jun 26 | 451 | 367 | 416 | 2 |
| Jun 26 | 502 | 370 | 421 | 2 |
| Jun 26 | 532 | 375 | 434 | 2 |
| Jun 26 | 566 | 377 | 439 | 2 |
| Jul 26 | 657 | 384 | 460 | 2 |
6 of 6 years up since listing — good compounding, but a short book
Over 6 years, sales went from ₹245 Cr to ₹1,891 Cr (about 41% a year), and profit from ₹2.0 Cr to ₹132 Cr.revenuenet_profit
Margins widened 8 points along the way — growth with improving economics.operating_profit
Data: Revenue by year
| Period | Revenue (₹ Cr) |
|---|---|
| FY20 | 245 |
| FY21 | 344 |
| FY22 | 519 |
| FY23 | 661 |
| FY24 | 1,138 |
| FY25 | 1,411 |
| FY26 | 1,891 |
Data: Profit by year
| Period | Profit after tax (₹ Cr) |
|---|---|
| FY20 | 2 |
| FY21 | 7 |
| FY22 | 20 |
| FY23 | 33 |
| FY24 | 52 |
| FY25 | 69 |
| FY26 | 132 |
Data: OPM % by year
| Period | OPM % (%) |
|---|---|
| FY20 | 2.4 |
| FY21 | 3.8 |
| FY22 | 6.0 |
| FY23 | 6.8 |
| FY24 | 6.9 |
| FY25 | 8.3 |
| FY26 | 10.4 |
Sales exploded 43% last quarter — the 4th straight quarter of growth
Mar 26 sales were ₹652 Cr, up 43% on the same quarter last year.revenue
That makes 4 quarters of growth in a row — this is a trend, not a blip.revenue
Data: Quarterly sales
| Period | Revenue (₹ Cr) | YoY growth (%) |
|---|---|---|
| Jun 24 | 255 | – |
| Sep 24 | 353 | – |
| Dec 24 | 347 | – |
| Mar 25 | 456 | – |
| Jun 25 | 312 | 22.4 |
| Sep 25 | 440 | 24.6 |
| Dec 25 | 487 | 40.3 |
| Mar 26 | 652 | 43.0 |
Margins are widening — 6% → 10% in a year
Of every ₹100 of sales, the company keeps ₹9.7 as operating profit (a year ago it kept ₹6.1).opm_pct
Zoom out and this is the page's quiet hero: annual operating margin bottomed at 3.8% in FY21 and has been rebuilt to 10.4% — that recovery, not sales alone, is what powers the profit growth elsewhere on this page.operating_profit
The gross margin moved the same way (100% → 104%), so this is about input costs and pricing power — the raw-material equation improved.gpm_pctopm_pct
Data: Three margins, quarterly
| Period | Gross (%) | Operating (%) | Net (%) |
|---|---|---|---|
| Jun 24 | 136 | 10.0 | 4.8 |
| Sep 24 | 93.0 | 9.3 | 6.5 |
| Dec 24 | 131 | 8.8 | 5.5 |
| Mar 25 | 99.8 | 6.1 | 3.2 |
| Jun 25 | 121 | 10.4 | 5.9 |
| Sep 25 | 69.0 | 10.6 | 7.4 |
| Dec 25 | 155 | 11.1 | 7.9 |
| Mar 26 | 104 | 9.7 | 6.5 |
Profit exploded 180% — mostly from keeping more of each sale
Mar 26 profit after tax was ₹42.0 Cr, up 180% year on year.net_profit
Data: Quarterly profit after tax
| Period | PAT (₹ Cr) | YoY growth (%) |
|---|---|---|
| Jun 24 | 12.0 | – |
| Sep 24 | 23.0 | – |
| Dec 24 | 19.0 | – |
| Mar 25 | 15.0 | – |
| Jun 25 | 19.0 | 58.3 |
| Sep 25 | 33.0 | 43.5 |
| Dec 25 | 39.0 | 105.3 |
| Mar 26 | 42.0 | 180.0 |
The single biggest driver was keeping more of each sale.
Data: Where the profit change came from (Mar 25 → Mar 26)
| Component | Effect (₹ Cr) |
|---|---|
| PAT Mar 25 | 15 |
| More sales | +12 |
| Fatter margins | +23 |
| Other income | −2 |
| Interest | −4 |
| Tax | −1 |
| Everything else | −1 |
| PAT Mar 26 | 42 |
Profits on paper, cash lagging behind
Over the last 5 profitable years, the business reported ₹306 Cr of profit and collected ₹−109 Cr of operating cash — about -36% conversion.operating_cash_flownet_profit
The wrinkle is the latest year: FY26 collected ₹−215 Cr against ₹132 Cr of reported profit — about -163%. One year isn’t a trend, but it is the line to watch.operating_cash_flownet_profit
The gap sits in receivables: customers now take 40 days to pay, up from 17. Profit booked, cash pending.debtor_days
Data: Cash collected vs profit reported (annual)
| Period | Operating cash flow (₹ Cr) | Profit after tax (₹ Cr) |
|---|---|---|
| FY20 | -35.0 | 2.0 |
| FY21 | -12.0 | 7.0 |
| FY22 | -17.0 | 20.0 |
| FY23 | 1.0 | 33.0 |
| FY24 | 97.0 | 52.0 |
| FY25 | 25.0 | 69.0 |
| FY26 | -215 | 132 |
The cash cycle is tightening — money comes home faster
One rupee now takes about 40 days to go out the door as materials and come back as collected cash — down from 162 days the year before.cash_conversion_cycle
The biggest mover: inventory sitting longer in the warehouse (115 → 153 days).inventory_days
Data: Days of cash locked up (annual)
| Period | Customers owe (debtor days) (days) | Stock on shelf (inventory days) (days) | We owe suppliers (payable days) (days) |
|---|---|---|---|
| FY20 | 86.0 | 78.0 | 64.0 |
| FY21 | 42.0 | 111 | 43.0 |
| FY22 | 29.0 | 89.0 | 8.0 |
| FY23 | 50.0 | 85.0 | 7.0 |
| FY24 | 37.0 | 115 | 31.0 |
| FY25 | 17.0 | 153 | 8.0 |
| FY26 | 40.0 | – | – |
The asset base keeps compounding — this company builds
The productive asset base has gone from ₹8.0 Cr (FY20) to ₹74.0 Cr.fixed_assetscwip
The build is bigger than the cash engine: investing outflows (₹71.0 Cr) exceeded operating cash (₹−93.0 Cr) over the last 3 years — the difference comes from debt or shareholders.investing_cash_flowoperating_cash_flow
Data: Assets in place vs under construction (annual)
| Period | Fixed assets (₹ Cr) | Under construction (CWIP) (₹ Cr) |
|---|---|---|
| FY20 | 8.0 | 0.0 |
| FY21 | 7.0 | 0.0 |
| FY22 | 7.0 | 0.0 |
| FY23 | 8.0 | 1.0 |
| FY24 | 41.0 | 0.0 |
| FY25 | 41.0 | 0.0 |
| FY26 | 74.0 | 0.0 |
Debt is present but comfortable
For every ₹100 shareholders have put in (and left in), the company has borrowed ₹57 — total borrowings have grown from ₹54.0 Cr to ₹433 Cr over the window.borrowings
Data: Total borrowings (annual)
| Period | Borrowings (₹ Cr) |
|---|---|
| FY20 | 54.0 |
| FY21 | 82.0 |
| FY22 | 100 |
| FY23 | 149 |
| FY24 | 332 |
| FY25 | 454 |
| FY26 | 433 |
Data: Debt vs shareholders’ money (annual)
| Period | Debt ÷ equity (x) |
|---|---|
| FY20 | 1.3 |
| FY21 | 1.6 |
| FY22 | 1.3 |
| FY23 | 1.3 |
| FY24 | 2.0 |
| FY25 | 2.0 |
| FY26 | 0.6 |
Every ₹100 kept in the business earns ₹20 — a high-quality engine
Return on capital employed is 20.0% (a year ago: 20.0%). This is the single best test of business quality: what the company earns on the money it keeps.roce_pct
Data: Returns on capital (annual)
| Period | ROCE (%) |
|---|---|
| FY21 | 12.0 |
| FY22 | 20.0 |
| FY23 | 22.0 |
| FY24 | 21.0 |
| FY25 | 20.0 |
| FY26 | 20.0 |
The numbers earn a deeper study — and watch the one thing that matters
The numbers lean positive, and the price is roughly fair to the delivery so far.
Best thing in the data: profit rising (₹15.0 Cr → ₹42.0 Cr).net_profit
Biggest worry: free cash flow falling (₹28.0 Cr → ₹−261 Cr).operating_cash_flow
Machine-written research from Screener data — every number traces to its source column. Sector Alpha is not a SEBI-registered investment adviser; nothing here is a recommendation to buy or sell. Not investment advice.
Straight answers from the data
What does GNG Electronics Ltd do?
Incorporated in 2006, GNG Electronics Limited offers refurbishing services for laptops, desktops, and ICT Devices, both globally and in India.[1]. It is listed in the New age - Platform - E-Retail sector with a market capitalisation of ₹7,487 Cr.
What is GNG Electronics Ltd's share price?
As of 1 July 2026, GNG Electronics Ltd trades at ₹657, up 97% over the past year, with a market capitalisation of ₹7,487 Cr. Prices are weekly closes from Screener data; this page refreshes with each weekly update.
What is GNG Electronics Ltd's share price target?
Sector Alpha does not publish broker-style price targets. Our discounted-cash-flow model estimates GNG Electronics Ltd's intrinsic value at ₹274 per share under base assumptions (bear ₹117, bull ₹274), against the current price of ₹657 — a 52% premium to model value. The current price already implies roughly 25% annual earnings growth. These are model estimates, not forecasts — treat them as one input alongside the valuation history below, not as a target.
What did GNG Electronics Ltd report in its latest quarterly results?
In its most recent reported quarter (Q4 FY26, quarter ended March 2026): Mar 26 sales were ₹652 Cr, up 43% on the same quarter last year. Mar 26 profit after tax was ₹42.0 Cr, up 180% year on year. Figures are from Screener-scraped quarterly filings; the page updates when the next quarter is filed.
Is GNG Electronics Ltd growing?
Sales exploded 43% last quarter — the 4th straight quarter of growth. Mar 26 sales were ₹652 Cr, up 43% on the same quarter last year.
Are GNG Electronics Ltd's profits growing?
Profit exploded 180% — mostly from keeping more of each sale. Mar 26 profit after tax was ₹42.0 Cr, up 180% year on year.
What are GNG Electronics Ltd's operating margins?
Margins are widening — 6% → 10% in a year. In the most recent quarter, of every ₹100 of sales, the company keeps ₹9.7 as operating profit (a year ago it kept ₹6.1).
What is GNG Electronics Ltd's long-term growth record?
Revenue grew from ₹245 Cr in FY20 to ₹1,891 Cr in FY26 — a 40.6% compound annual growth rate over 6 years. Profit after tax compounded at 101.0% over the same period (₹2 Cr → ₹132 Cr).
Is GNG Electronics Ltd stock in an uptrend?
An uptrend that has held for 15 weeks. GNG Electronics Ltd is in Stage 2 — advancing, 15 weeks in (confirmed). Stages follow Stan Weinstein's four-phase read of weekly price against the 200-day average: basing (1), advancing (2), topping (3), declining (4).
Why is GNG Electronics Ltd stock rising?
The price is up 97% over the past year, in a confirmed Stage 2 uptrend (15 weeks).
Where is GNG Electronics Ltd in its business cycle?
The data reads GNG Electronics Ltd as a deep cyclical business currently in its expansion phase — earnings at an all-time high for this company. Profits swing violently in this business — margins swinging 8 points peak to trough. That is what “deep cyclical” means: the same company looks brilliant at the top of its cycle and broken at the bottom.
Does GNG Electronics Ltd have too much debt?
Debt is present but comfortable. For every ₹100 shareholders have put in (and left in), the company has borrowed ₹57 — total borrowings have grown from ₹54.0 Cr to ₹433 Cr over the window.
What is the bull case for GNG Electronics Ltd?
Profits have nearly tripled in two years. Best thing in the data: profit rising (₹15.0 Cr → ₹42.0 Cr). Sales exploded 43% last quarter — the 4th straight quarter of growth.
What is the bear case for GNG Electronics Ltd — what could break the story?
Biggest worry: free cash flow falling (₹28.0 Cr → ₹−261 Cr). Two quarters of margins reversing would kill this story. The nearest-term thing to watch: if quarterly growth slips below 22%, the story weakens. This falsification condition is stated up front so the thesis can be checked against incoming quarters, not defended after the fact.
Is GNG Electronics Ltd a stock worth studying right now?
Sector Alpha does not publish buy or sell recommendations — this is a research read, not advice. What the data says: the numbers earn a deeper study — and watch the one thing that matters. The numbers lean positive, and the price is roughly fair to the delivery so far. Across the 7-model scorecard the composite research signal is study deeper at 75% confidence. This is machine-written research compiled from Screener data — every number traces to its source — and it is not investment advice. Do your own diligence.