GNG Electronics Ltd. (EBGNG.NS) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

-151.2%

-₹352.34

vs ₹688.10 price

Levered DCF

-₹76.65

After debt service

Piotroski score

3 / 9

Weak

Altman Z-score

—

Rating

Overall 2 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2025	FY2024	FY2023	FY2022	FY2021
P/E	31.27×	47.02×	72.95×	117.39×	175.47×
P/B	5.45×	14.3×	23.3×	34.06×	47.9×
P/S	2.18×	2.31×	3.37×	5.89×	7.47×
EV / EBITDA	22.41×	29.62×	51.73×	84.26×	114.86×
Gross margin	20.1%	17.5%	11.5%	13.5%	9.9%
Operating margin	9.8%	7.8%	6.8%	6.8%	6.1%
Net margin	7.0%	4.9%	4.6%	5.0%	4.3%
Current ratio	2.51×	1.63×	1.32×	1.72×	1.88×
Debt / equity	0.57×	2×	2.03×	1.44×	1.29×
Interest coverage	4.38×	2.97×	4.06×	5.02×	4.13×
Dividend yield	0.0%	0.0%	0.0%	0.0%	0.0%
Payout ratio	0.0%	0.0%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2025	FY2024	FY2023	FY2022	FY2021
Return on equity	17.4%	30.4%	32.0%	29.0%	27.4%
Return on invested capital	13.8%	14.1%	14.0%	14.8%	15.3%
Return on assets	10.5%	9.6%	8.9%	11.3%	11.2%
Free cash flow yield	-5.8%	0.4%	1.9%	0.6%	-0.1%
Earnings yield	3.2%	2.1%	1.4%	0.9%	0.6%
Enterprise value	₹44.9B	₹36.9B	₹41.3B	₹39.6B	₹39B
Net debt / EBITDA	1.82×	3.6×	4.1×	3.37×	2.98×
Cash conversion cycle (days)	213	162	122	133	111