EBGNGInformation Technology

GNG Electronics Limited

Computers Hardware & Equipments · ISIN INE18JU01028 · BSE 544455 · NSE EQ · FV ₹2
Last price
₹729
+6.07%today
What this company does

GNG Electronics Limited operates in Computers Hardware & Equipments, part of the Information Technology sector. It booked ₹625 cr of revenue in its latest quarter (Q2 FY27) and kept 9.0% of sales as profit. It is the largest of 9 Computers Hardware & Equipments companies we track, by market value.

46out of 100
Equitytale Health Score
Mixed

Healthier than 46% of companies in Information Technology, on the 5 of 6 measures we could read for it. Each measure is ranked against the 86–127 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
51

At close. Not part of the score.

Profitability & returns81

How much profit it earns on the money it employs

Balance sheet22

How much it owes, and whether earnings cover the interest

Cash quality7

Whether reported profit actually arrives as cash

Valuation20

What today's price implies, against our models or its peers

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Not measurable for this company: growth & consistency. Those pillars are left out of the score rather than counted as zero.

Is this company doing well?
not investment advice
Strengths
✓ Makes a profit
✓ Sales up 42% vs last year
✓ Profit up 73% vs last year
✓ Promoters hold 72%
✓ No promoter shares pledged
✓ Strong 26% return on equity
Watch-outs
! Operating cash flow is negative

What if I invest in EBGNG?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 10% a year, it would become
₹20.15 lakh

The starting rate is a round number, not a view on this company — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹729▲ +6.07%
latest close · 2026-11-04
52-wk low ₹48374 sessions so far52-wk high ₹776
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio36.9High
LowAverageHigh
P/B ratio9.76High
Below bookModerateHigh
EV / EBITDA23.5High
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity26.5%Strong
WeakFairStrong ▸15%
Return on capital38.5%Strong
WeakFairStrong
Net margin9.0%Decent
ThinDecentStrong
EBITDA margin15.0%Decent
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.72Moderate
LowModerateHigh ▸1
Interest cover4.1×Okay
RiskyOkayStrong ▸5×
Current ratio2.21Ample
Tight ◂1HealthyAmple
More figures
Market cap
₹8,310 cr
Book value
₹75
EPS
₹4.94
latest quarter
Net debt
₹515 cr
owes more than its cash
Enterprise value
₹8,825 cr
EBITDA
₹376 cr
annualised
EBIT
₹360 cr
annualised
Operating margin
14.4%
Return on assets
13.9%
Earnings yield
2.71%
P/S
3.33
Sales / share
₹219.2
Tax rate
17.2%
Face value
₹2
Shares
11.4 cr
Working capital
₹839 cr
Current assets
₹1,529 cr
Current liabilities
₹690 cr
Delivery %
39.9%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-11-04.

Worth vs price · from the exchange filings
not investment advice
Hard to value confidentlyLow confidence
Too few reliable models — the filings don't support two independent estimates of value.
Models span ₹100–₹100, midpoint ₹100

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q2 FY27 (consolidated)
Revenue from Operations₹625 cr
Other Income₹78 L
Total Income₹626 cr
Cost of Materials₹0 cr
Purchases of Stock-in-Trade₹667 cr
Inventory Change (±)₹-199 cr
Employee Benefit Expense₹39 cr
Finance Costs₹22 cr
Depreciation & Amortisation₹4 cr
Other Expenses₹25 cr
Total Expenses₹558 cr
Profit before Tax₹68 cr
Tax Expense₹12 cr
Net Profit₹56 cr
Net margin on total income9.0%
Where the money goes · Q2 FY27
% of total income
Materials + stock-in-trade₹468 cr74.8%
Employee benefit expense₹39 cr6.2%
Finance costs₹22 cr3.5%
Depreciation & amortisation₹4 cr0.6%
Other expenses₹25 cr3.9%
Tax expense₹12 cr1.9%
Profit for the period₹56 cr9.0%
Total income ₹626 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ4 FY26Q1 FY27Q2 FY27
Revenue652 cr412 cr625 cr
Total income652 cr416 cr626 cr
Expenses606 cr380 cr558 cr
Profit before tax46 cr36 cr68 cr
Tax4 cr7 cr12 cr
Net profit (owners' share)42 cr29 cr56 cr
Net margin (owners' share, on revenue)6.5%7.0%9.0%
EPS (₹)3.702.544.94
YoY (latest quarter): total income +42.1% · net profit +72.5%
Balance sheet & cash flow · as of Sep 2026
Moderate debt
Total assets
₹1,627 cr
Shareholder equity
₹852 cr
parent shareholders
Total debt
₹610 cr
Cash
₹95 cr
Cash flow · H1 FY27
Operating
₹-97 cr
Investing
₹-3 cr
Financing
₹166 cr
Peer comparison
Computers Hardware & Equipments · by market value
CompanyPriceMarket capP/E
GNG Electronics Limitedthis company₹687₹7,835 cr34.8
Rashi Peripherals Limited₹802₹5,283 cr12.9
NELCO Limited₹687₹1,567 cr225.8
D-Link (India) Limited₹404₹1,434 cr12.7
Ivalue Infosolutions Limited₹187₹1,022 cr16.1
Control Print Limited₹575₹919 cr17.5
TVS Electronics Limited₹369₹688 cr—
Dc Infotech And Communication Limited₹330₹541 cr29.0
HCL Infosystems Limited₹9₹310 cr—
Same industry · latest reported numbers · not a recommendation.
Who owns it · 2026-09-30
No pledge
Promoter
71.8%
FII / Foreign
5.5%
DII / Domestic
5.1%
Retail / others
17.6%
Promoter stake down 6.9% over the last 6 quarters.
Smart-money activity
Insider trades
SoldVidhi S Khandelwal · Promoter34.20 L · ₹230.8 cr30 Sep 26
SoldVidhi S Khandelwal · Promoter44.87 L · ₹175.0 cr11 Jun 26
Bulk / block deals
SoldVIDHI S KHANDELWAL · NSE34.20 L @ ₹674.830 Sep 26
BoughtUNIFI CAPITAL PRIVATE LIMITED · NSE5.20 L @ ₹674.830 Sep 26
BoughtUNIFI CAPITAL PRIVATE LIMITED · NSE20.12 L @ ₹674.830 Sep 26
Stake changes
SoldVidhi S Khandelwal · promoter→ 8.80% · 34.20 L30 Sep 26
SoldVidhi S Khandelwal · promoter→ 11.80% · 44.87 L11 Jun 26
What shareholders were asked to approve
3 proposals passed only on promoter votes

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Yearly shareholder meeting · 24 Sep 2026
See the official result
1
To receive, consider and adopt (a) the audited standalone financial statement of the Company for the financial year ended March 31, 2026 and the reports of the Board of Directors and Auditors thereon; and (b) the audited consolidated financial statement of the Company for the financial year ended March 31, 2026 and the report of Auditors thereon.
Backed by 100% of shareholders other than promotersneeded 50%
1.41 cr votes for, 0 against · 0% of mutual funds and other big investors said no
2
To appoint Mr. Ajay Pancholi (DIN: 05168823), who retires by rotation and being eligible, offers himself for re-appointment.
Backed by 98% of shareholders other than promotersneeded 50%
1.36 cr votes for, 2.09 L against · 2% of mutual funds and other big investors said no
3
To consider and approve appointment of Secretarial Auditor for a term of five consecutive years
Backed by 100% of shareholders other than promotersneeded 50%
1.41 cr votes for, 63 against · 0% of mutual funds and other big investors said no
4
To consider and approve the authorization to make investment(s)/extend loan(s) and give guarantee(s) or provide securities under Section 186 of the Companies Act, 2013
⚑ Passed only because promoters voted yes
Backed by 65% of shareholders other than promotersneeded 75%
92.24 L votes for, 48.69 L against · 55% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 29 named members
owning 71.8% between them · as of 2026-09-30
AMIABLE ELECTRONICS PRIVATE LIMITED46.64%
SHARAD KHANDELWAL15.73%
VIDHI S KHANDELWAL8.80%
VIVEK KHANDELWAL0.61%
ADG Jewels LLCno shares
Ashish Exportsno shares
ASHISH RAWATno shares
Electronics Bazar Inc. (USA)no shares

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

Money it raised, and what it did with it

When a company raises money from investors, it has to say up front what the money is for. The rules then make it report, every three months until the money is gone, how much of each of those things it has actually paid for — so a promise made while asking for the money can be checked afterwards.

₹400 cr raised in Jul 2025 by selling shares to the public

As of Sep 2026, the company says it has spent 100% of what it set aside, leaving ₹2 L still to be spent. CARE Ratings Limited watches the spending on the exchange’s behalf.

Prepayment and/or repayment, in full or in part, of all or a portion of certain outstanding borrowings availed by our Company and our Material Subsidiary namely, Electronics Bazaar FZC
100%
₹320 cr of ₹320 cr
General Corporate Purposes
100%
₹46 cr of ₹46 cr
Issue Expenses
100%
₹34 cr of ₹34 cr
Spent by quarter: 96% → 98% → 99% → 99% → 100% (to Sep 2026)

Every figure above is taken from the statement the company files with the stock exchange each quarter, for as long as money it has raised remains unspent. The only thing we work out is how much of each stated purpose has been paid for — one number divided by another from the same filing. Whether a plan that changed was a good change is not something a filing can tell you. See the filing

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.