AnnouncementSep 2026
Sep 2026 · Announcement under Regulation 30 (LODR)-Code of Conduct under SEBI (PIT) Regulations, 2015 30 Sep - Promoter Vidhi S Khandelwal sold 34,20,345 shares on 30 Sep 2026, reducing holding to 8.8%.
Source: Bse
GNG Electronics Limited (EBGNG)
Small CapIndustrials stocks · Small cap · NSE
GNG Electronics Limited operates in Defence Electronics, within the Industrials sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers.
Data qualityFresh enough for analysisQuote updated 21 Oct, 03:31 pm ISTDetails
Quote21 Oct, 03:31 pm IST
Base fundamentals06 Oct 2026 · screener
Latest result30 Jul, 09:56 pm IST
Score21 Oct, 04:30 am IST · v4.3-runtime-valuation
Tags02 May 2026
Coverage13/14 · 93%
Valuation2026-07-20 · Rf 6.8% · Industrials P/E 26.2 (n=537)
Technical timing lens
Trend score and candlestick chart
56NeutralSMA20 +8.4% / mo · MACD − · near 52W high
Stock trend: 62
Sector RS: 46
Sector 3M: -7.1% vs Nifty 500 -5.6%
Industrials FPI tailwindNot confirmed
Latest mapped FPI equity flow was not positive. View sector evidence
Technical chart
EBGNGD candles · FIT view+74.0%Latest close ₹670.40 on 2026-10-21
Bar
-4.0%
RSI
48
MACD hist
-4.77
52W pos
86%
2026-10-21O ₹698.10H ₹699.90L ₹648.40C ₹670.40Vol 9.8L sh
Up bar
Down bar
EMA 20
EMA 50
Volume + 20D avg
Result date
RSI(14)
MACD / signal
Market context
Relative performance and chart statistics
Adjusted completed-session prices, rebased to 100
EBGNGNifty India ManufacturingNifty 500
- EBGNG
- +23.6%
- Nifty 500
- -6.5%
- Nifty India Manufacturing
- -7.7%
- Vs Nifty 500
- +30.1 pp
Chart stats
21 Oct 2026- From 52W high
- -9.5%
- 52W range position
- 86%
- ATR (14)
- 5.5%
- Volume vs 20D
- 1.46x
- Avg traded value
- ₹47.7 Cr
- 20D price channel
- ₹640.5 - ₹740.4
₹740.4
₹239 - ₹740.4
₹37.2
Latest completed session
20-session average
52.2% annualized volatility
Research snapshot
What the evidence says now
Weak fundamentals, management evidence is still limited to a financial-only Trust Lite signal, price trend is neutral, and recent execution is consistent.
Suggested next step
Research, do not rush
The evidence is not strongly aligned. Compare peers and wait for a cleaner setup.
U-Score
Legacy · WATCHLIST44
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
Latest result
Excellent90
Revenue +32.0% · PAT +52.6% YoY
Technical
Neutral56
Price trend and sector-relative-strength timing.
Valuation
Legacy model-36.6%
Legacy margin-of-safety estimate; the revised evidence label remains in shadow validation.
Trust
Limited evidence71
Financial-only signal; management claim evidence is not sufficient yet.
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Latest result
Quarter ended 30 Jun 2026
Excellent · 90/100Rev +32% YoY · PAT +53% YoY · margin expansion · operating leverage
Filed 30 Jul 2026
Open results browser →| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹412 Cr | +32.0% | -36.8% |
| EBITDA | ₹49 Cr | +53.1% | -22.2% |
| Operating margin | 12.0% | +200 bps | +200 bps |
| PAT | ₹29 Cr | +52.6% | -30.9% |
| PAT margin | 7.0% | +95 bps | +60 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Fundamentals
Valuation
- P/E
- 55.60
- P/B
- 10.45
- EV/EBITDA
- 37.20
- Market Cap
- 7924.00Cr
Profitability
- ROE
- 26.80%
- ROCE
- 20.20%
- ROA
- 11.32%
- Dividend Y
- —
Growth (CAGR)
- Revenue 5Y
- 41.00%
- EPS 5Y
- 77.00%
- Revenue 3Y
- 42.00%
- EPS 3Y
- 59.00%
Balance Sheet
- Debt/Equity
- 0.59
- Interest Coverage
- 4.63×
- Altman Z
- 9.11
- Book Value
- 66.50
Cash Flow
- FCF Yield
- —
- FCF Positive Y
- 1/5
- OCF
- -215.00 Cr
- EPS TTM
- 12.49
Shareholding
- Promoter Hold
- 74.78%
- Promoter Pledge
- 0.00%
- Momentum 52W
- 93%
Financial History
Updated 21/10/2026
Revenue
₹ CrLatest: 412-36.8% vs prev
Net Profit
₹ CrLatest: 29.0-31.0% vs prev
ROE is shown only in the Annual view — quarterly equity data isn't published.
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Daily technical trend read
Mixed signalsSignals are conflicting — long-term uptrend intact. RSI 48. Wait for confirmation.
- Price above SMA200 (long-term uptrend) but mid-term MAs not aligned.
- SMA20 rising (~7.8% over last month) — short-term momentum positive.
- RSI(14) at 48 — falling, no extreme reading.
- MACD below signal, histogram expanding negatively — bearish momentum building.
- 9% off 52W high · 181% above 52W low.
Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.
Nifty 500 leadership
Relative Strength & Trend Stage
95
RS percentile
Stage 2 UptrendEstablished S2
1M return
-2.9%
3M return
+23.6%
6M return
+81.1%
1Y return
+107.5%
RS 1D
0
RS 20D
+2
Sector rank
#2
Industry rank
#26
Stage evidence
- Price is 26.3% above the 30-week proxy.
- The 50-DMA is above the 30-week proxy and its slope is rising +8.9%.
- Both 3-month and 6-month returns are positive.
50-DMA
price above
200-DMA
price above
S2 observed by
27 Mar 2026
S2 age
146 trading sessions
Sector
leading
Industry
neutral
Relative-strength line vs Nifty 500 (base 100)
262 observations
21 Oct 2026Value 206.01-3.36%
RS vs Nifty 500206
Valuation & peers
U-Score 44 · legacy U-Score band WATCHLIST · valuation evidence and comparable companies
Valuation & peers
U-Score 44 · legacy U-Score band WATCHLIST · valuation evidence and comparable companies
Premium Compounder
Fundamental score breakdown
U band · WATCHLISTValuation0/30
Growth19/25
Quality16/20
Balance Sheet7/15
Cash Flow0/10
Piotroski
6/9 (+3)
Penalties
-1
Raw sum
44
Why this score?
Top U-Score contributors and drags from the latest stored fundamentals.
44/100 · legacy band WATCHLIST
Positive drivers
- Quality contributes 16/20 to the score.
- Growth contributes 19/25 to the score.
- Balance sheet contributes 7/15 to the score.
Main drags
- Penalty bucket subtracts 1 points.
- Fair-value margin of safety is negative at -36.6%.
- Valuation is weaker at 0/30; verify the latest quarterly trend.
Sector valuation model
Execution business valuation: EV/EBITDA plus order and working-capital risk
Capital-intensive execution stories need cash-flow and balance-sheet checks alongside valuation.
Primary lens
EV/EBITDA and PE against execution quality and margin stability.
Secondary checks
Order book, receivables, working capital, debt, operating cash flow.
Main risk check
Order wins matter only if they convert into cash and margins.
PE
55.6
PB
10.4
EV/EBITDA
37.2
ROE
26.8%
ROCE
20.2%
FCF Yield
—
Debt/Equity
0.6
MoS
-36.6%
Score movement
Stored run vs live recompute
This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.
Stored run: 21 Oct 2026
v4.3-runtime-valuation
Final score
44
Previous: 44
Legacy U-Score band
WATCHLIST
Previous: WATCHLIST
Margin of safety
-36.6%
Previous: -42.6%
Score history
12 stored score snapshots. Latest stored move: +0 points.
21 Oct 2026
v4.3-runtime-valuation
44
44
44
44
44
44
44
44
44
44
44
44
Factor attribution
No pillar movement versus the latest stored run. Historical score trend will appear after snapshot storage is enabled.
Modelled fair value
Graham Number
₹136.7
-390.4% MoS
Growth-justified P/E
39.3
Growth-justified Value
₹490.86
-36.6% MoS
PEG
0.80
Comparable companies
Peers
Business-comparable peers in Industrials — ranked by industry, sub-sector, theme-tag overlap, market cap, and U-Score similarity. Green cells mark the best available peer metric in this table.
Ticker
Name
Why peer
Score
PE
ROE
MoS
Verdict
CENTUM
Small
Centum Electronics Limited
Defence Electronics
match 166
32
77.4
-12.5%
-204%
WATCHLIST
DCXINDIA
Small
DCX Systems Limited
Defence Electronics
match 159
25
—
-0.5%
—
OVERVALUED
NELCO
Small
NELCO Limited
Defence Electronics
match 158
16
453.2
0.5%
-48105%
OVERVALUED
SALZERELEC
Small
Salzer Electronics Limited
Defence Electronics
match 155
39
21.2
9.4%
+50%
WATCHLIST
MICEL
Small
MIC Electronics Limited
Defence Electronics
match 154
27
—
-5.8%
—
OVERVALUED
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business and thesis
Issuer presentation review pending
GNG Electronics Limited operates in Defence Electronics, within the Industrials sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers. The structured result feed currently covers the quarter ended 30 Jun 2026. Investor presentations and earnings-call PDFs will be added as issuer-backed evidence before management claims appear here.
Trust Score
71Limited evidence · low confidenceTrust Lite
Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.
Limited evidence: Claim history is still being built. It ranks around the 66th percentile of the scored universe and 64th percentile within Industrials. Main check: cash conversion is weak at 40/100.
This is a financial-behaviour screen, not a claim-tested management reliability verdict.
Computed 05 Sept 2026
management-trust-v1
26 docs text-extracted · 8 concalls text-extracted
Score band
Limited evidence
Financial behaviour is scored, but management claims do not yet have enough outcome checks.
Relative rank
66th percentile
overall median 67 · Industrials: 64th pctile, median 68 · Small: 69th pctile, median 66
Evidence depth
Financial-only
26 documents have extracted text, but claim history is not strong enough yet.
Claim delivery
Outcome history still building
0 claims extracted · No contradicted claim yet
How to read this Trust Score
Limited evidence · low confidenceWhat it measures
Reliability of management and financial delivery, using financial behaviour only.
Confidence
Treat this as an early read until more concalls and outcomes are matched.
Investor use
Acceptable, but check the weakest sub-score before increasing exposure.
Read Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.
Forensic breakdown
Read low sub-scores as due-diligence warnings, not automatic sell signals.
Promoter
78
strong · holding, pledge, alignment
Cash flow
40
weak · profit to cash conversion
Balance sheet
73
acceptable · leverage and solvency
Discipline
90
strong · capital discipline
Results
87
strong · quarterly consistency
Trust positives
- ▸Promoter holding is 74.8%.
- ▸Promoter pledge is zero.
- ▸ROCE is 20.3%.
- ▸4/4 latest quarters had positive YoY revenue growth.
Trust risks
- ▸Operating cash flow is negative at ₹-215 Cr.
- ▸Promoter holding fell 3.9%.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Continue researching GNG Electronics Limited
Important announcements & filings
Latest exchange and company disclosures found within the past two years.
Open source ↗
Annual reportSep 2026
Sep 2026 · Letter Under Regulation 36(1)(B) Of SEBI LODR 1 Sep - GNG Electronics sends 20th AGM notice and FY26 annual report; AGM on 24 September 2026 via VC/OAVM.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 2 Sep
Source: Bse
Concall transcriptAug 2026
Aug 2026 · Transcript
Source: Bse
Investor presentationAug 2026
Aug 2026 · PPT
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 2 Jul
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Press Release / Media Release 1 Jul - GNG Electronics partners with Redington for nationwide distribution of refurbished ICT solutions.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Code of Conduct under SEBI (PIT) Regulations, 2015 30 Jun - Director Ajay Pancholi bought 42,000 equity shares on 29-06-2026, raising holding to 2,54,000 shares.
Source: Bse
AnnouncementJun 2026
Jun 2026 · Announcement under Regulation 30 (LODR)-Newspaper Publication 1 Aug - GNG Electronics Limited has informed regarding the Newspaper Publication in which the financial results of the Company for the quarter ended June 30, 2026 is …
Source: Bse
AnnouncementJun 2026
Jun 2026 · Announcement under Regulation 30 (LODR)-Press Release / Media Release 30 Jul - GNG Electronics Q1 FY27 revenue rose 32.1% to ₹412.5 Cr; PAT up 56.2% to ₹28.9 Cr.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Code of Conduct under SEBI (PIT) Regulations, 2015 24 Jun - Director Ajay Pancholi bought 1,35,000 shares on market; holding rose to 82,193 shares.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Code of Conduct under SEBI (PIT) Regulations, 2015 15 Jun - Director Ajay Pancholi bought 52,807 GNG Electronics shares on 12-06-2026.
Source: Bse
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.