GNG Electronics Q1 FY27 Share Price & Earnings Call Analysis
- Market cap
- ₹7,868 Cr
- P/E
- 55.25
- ROE
- 26.75%
- PEG
- 0.94
- Price to sales
- 3.96
- Debt to equity
- 0.59
- 52W high / low
- ₹731 / ₹243
- Sales growth (5Y)
- 40.59%
- EBITDA margin
- 10.71%
- Net profit margin
- 6.98%
- Promoter holding
- 71.77%
- Sales (last year)
- ₹1,991 Cr
Incorporated in 2006, GNG Electronics Limited offers refurbishing services for laptops, desktops, and ICT Devices, both globally and in India.[1]
Guidance scorecard · Q1 FY27 call
What GNG Electronics Ltd's management guided
and where it ranks in IT - Hardware
RevenueQ1 FY27 call
20–40%- The company has raised its revenue growth guidance from 25% to 30% for FY27.
- Volume growth for the quarter stood at around 18%, with overall growth at 32%, driven by both volume and value growth.
- Growth is expected to be driven by deeper penetration in domestic (India) and international (US, Europe, Middle East) markets.
- There is a strong market opportunity with a long runway for growth, especially in B2B and education segments.
- Management intends to accelerate both top-line and bottom-line growth, aiming to outperform conservative guidance.
- Marketing efforts, channel meets, and expanding distribution networks are being intensified to amplify reach.
- The business focus remains on B2B, with cautious exploration of B2C depending on margin sustainability.
2 more points from GNG Electronics Ltd's call on revenue
Create a free account to keep reading this call
MarginsQ1 FY27 call
Up 0–2%See what GNG Electronics Ltd said on margins — free account, 30 seconds.
CapexQ1 FY27 call
- GNG Electronics Limited is focused on organizational expansion across all categories to remain strong and capitalize on industry opportunities, involving hiring people in advance.
- There is emphasis on investing in employees for management, marketing, and production, especially given the niche industry requiring training and ramp-up time.
- The company maintains that their business is working capital heavy with minimal fixed capital expenditure, as no significant machinery or fixed assets are involved.
2 more points from GNG Electronics Ltd's call on capex
Create a free account to keep reading this call
FundraisingQ1 FY27 call
See what GNG Electronics Ltd said on fundraising — free account, 30 seconds.
Order bookQ1 FY27 call
- The company is experiencing growing demand across domestic and international markets, especially the US, Europe, and Middle East.
- Large orders, such as a recent US bank order for 60,000 high-generation desktops, indicate strong procurement and sales activity.
- The business is inventory-heavy, indicating ongoing large-scale procurement to support anticipated sales growth.
2 more points from GNG Electronics Ltd's call on the order book
Create a free account to keep reading this call
Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.
Potential multibaggers · Q2 FY27
Potential multibaggers in IT - Hardware
on management's own guidance
- Marushika Tech.Moderate growth2
- Rashi Peripherals LtdGood growth1
- Control PrintModerate growth3
Portfolio builder
Build your portfolio
from the top-ranked stocks
- 1. Pick 3–15 stocks
- 2. Choose large, mid or small cap and your sectors
- 3. Get a portfolio built from the rankings
Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Peers
IT - Hardware companies ranked on guidance
| # | Company | Revenue guided | Margin guided | Market cap | P/E |
|---|---|---|---|---|---|
| 1 | Rashi Peripherals Ltd | 20–40% | Flat | ₹5,753 Cr | 18.0 |
| 2 | Marushika Tech. | 10–20% | Up 2%+ | ₹101 Cr | 11.2 |
| 3 | Control Print | 10–20% | Up 0–2% | ₹947 Cr | 24.3 |
| 4 | 10–20% | Flat | ₹734 Cr | — | |
| 5 | 10–20% | Flat | ₹149 Cr | 20.2 |
Sign up free to see every company in the sector ranking and track GNG Electronics Ltd.
Pro shows every company guiding 40%+ revenue growth →Full IT - Hardware rankingFinancials of GNG Electronics Ltd
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of GNG Electronics Ltd
Quarterly Results
Quarter-by-quarter operating performance
| Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Sales + | 255 | 353 | 347 | 456 | 312 | 440 | 487 | 652 |
| Expenses + | 230 | 320 | 317 | 428 | 280 | 393 | 433 | 588 |
| Operating Profit | 26 | 33 | 31 | 28 | 32 | 47 | 54 | 63 |
| OPM % | 10% | 9% | 9% | 6% | 10% | 11% | 11% | 10% |
| Other Income + | 2 | 3 | 1 | 3 | 3 | 0 | 1 | 1 |
| Interest | 10 | 10 | 9 | 10 | 11 | 8 | 9 | 14 |
| Depreciation | 2 | 2 | 2 | 3 | 2 | 2 | 3 | 3 |
| Profit before tax | 16 | 24 | 21 | 18 | 22 | 36 | 43 | 46 |
| Tax % | 23% | 2% | 9% | 18% | 18% | 10% | 10% | 9% |
| Net Profit + | 12 | 23 | 19 | 15 | 19 | 33 | 39 | 42 |
| EPS in Rs | 3,131.44 | 5,943.30 | 1.96 | 1.52 | 1.91 | 2.86 | 3.39 | 3.70 |
Financials of GNG Electronics Ltd
Profit & Loss
Annual income statement trend
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Sales + | 245 | 344 | 519 | 661 | 1,138 | 1,411 | 1,891 |
| Expenses + | 239 | 331 | 489 | 616 | 1,059 | 1,294 | 1,695 |
| Operating Profit | 6 | 13 | 31 | 45 | 79 | 117 | 196 |
| OPM % | 2% | 4% | 6% | 7% | 7% | 8% | 10% |
| Other Income + | 1 | 2 | 1 | 3 | 6 | 9 | 4 |
| Interest | 5 | 6 | 8 | 12 | 24 | 38 | 42 |
| Depreciation | 0 | 1 | 1 | 1 | 4 | 9 | 10 |
| Profit before tax | 2 | 8 | 23 | 36 | 57 | 78 | 148 |
| Tax % | 15% | 11% | 11% | 8% | 9% | 12% | 11% |
| Net Profit + | 2 | 7 | 20 | 33 | 52 | 69 | 132 |
| EPS in Rs | 5,213.92 | 8,440.72 | 13,438.14 | 7.09 | 11.58 | ||
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Financials of GNG Electronics Ltd
Balance Sheet
Capital structure and asset base
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 19 | 23 |
| Reserves | 43 | 51 | 79 | 111 | 163 | 207 | 735 |
| Borrowings + | 54 | 82 | 100 | 149 | 332 | 454 | 433 |
| Other Liabilities + | 40 | 38 | 11 | 16 | 91 | 39 | 63 |
| Total Liabilities | 137 | 170 | 190 | 277 | 586 | 719 | 1,254 |
| Fixed Assets + | 8 | 7 | 7 | 8 | 41 | 41 | 74 |
| CWIP | 0 | 0 | 0 | 1 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 7 | 0 | 0 |
| Other Assets + | 129 | 163 | 183 | 268 | 538 | 678 | 1,180 |
| Total Assets | 137 | 170 | 190 | 277 | 586 | 719 | 1,254 |
Financials of GNG Electronics Ltd
Cash Flows
Operating, investing and financing cash movement
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | -35 | -12 | -17 | 1 | 97 | 25 | -215 |
| Cash from Investing Activity + | -6 | -4 | 0 | -34 | -28 | 3 | -46 |
| Cash from Financing Activity + | 49 | 23 | 18 | 40 | -29 | -34 | 351 |
| Net Cash Flow | 8 | 7 | 1 | 8 | 40 | -7 | 90 |
| Free Cash Flow | -42 | -13 | -18 | 1 | 73 | 15 | -238 |
| CFO/OP | -599% | -86% | -48% | 10% | 129% | 28% | -102% |
Financials of GNG Electronics Ltd
Ratios
Working capital efficiency and return ratios
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 86 | 42 | 29 | 50 | 37 | 17 | 40 |
| Inventory Days | 78 | 111 | 89 | 85 | 115 | 153 | |
| Days Payable | 64 | 43 | 8 | 7 | 31 | 8 | |
| Cash Conversion Cycle | 101 | 110 | 110 | 128 | 122 | 162 | 40 |
| Working Capital Days | 31 | 24 | 46 | 47 | 18 | 52 | 112 |
| ROCE % | 12% | 20% | 22% | 21% | 20% | 20% |
Guidance history
How GNG Electronics Ltd's guidance has moved, call by call
| Call | Revenue | Margins | Capex | Fundraising | Order book |
|---|---|---|---|---|---|
| Q1 FY27 call → | 20–40% | Up 0–2% | — | — | — |
| Q4 FY26 call → | 20–40% | Up 0–2% | Planned | None planned | — |
| Q3 FY26 call → | 40%+ | Up 0–2% | Planned | Planned | — |
| Q2 FY26 call → | 20–40% | Up 0–2% | Planned | None planned | — |
What management guided on each call, newest first. Not investment advice, and not a forecast of returns.
Momentum score · price trend
92 out of 100 — Strengthening
Over the past year its share price has done better than most of the stocks we track.
| Period | Share price change | Better than … of 1,910 stocks |
|---|---|---|
| Last 12 months | +113.6% | 94% |
| Last 6 months | +62.5% | 91% |
| Last 3 months | +24.2% | 89% |
How we calculate it
“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).
The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For GNG Electronics Ltd: 0.4 × 94 + 0.4 × 91 + 0.2 × 89 = 92.
Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.
Full methodology →This describes only how the share price has moved up to 29 Oct 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.
Continue your research
What GNG Electronics Ltd's management said in earlier quarters
Others in IT - Hardware this season
- Moschip Technologies Ltd (Q2 FY27)
Consolidated Revenue for Q2 FY 2027 (Quarter ended 30-Sep-26):** ₹11,908.32 lakhs . Key results statement takeaways from Moschip Technologies Ltd's Q2 FY27 resu
- Control Print Ltd (Q2 FY27)
Q2FY27 Income from Operations (Consolidated): ₹1,442.2 mn, up 28.8% YoY from ₹1,119.6 mn in Q2FY26. Key investor presentation takeaways from Control Print Ltd's
- Smartlink Holdings Ltd (Q2 FY27)
Year-on-year growth:** Approximately 14.4% increase in revenue (8,037.18 vs 7,026.87 lakhs) . Key results statement takeaways from Smartlink Holdings Ltd's Q2 F
- Esconet Technologies Ltd (Q2 FY27)
Q2 FY27 Standalone revenue from operations: ₹165.24 Crore, +170.6% QoQ (Page 2,3) . Key investor presentation takeaways from Esconet Technologies Ltd's Q2 FY27