Is GNG Electronics' IPO a risky bet for investors amid rising working capital needs?
working capital
due to time lag between purchase of devices to be refurbished and sale of inventory. Net working capital days increased to 68 in FY25 from 42 in FY24 and 61 in FY23. Given these factors, investors with a high risk appetite may consider the IPO for long term.
Agencies
Business
Explore courses from Top Institutes in
Select a Course Category
Leadership
Design Thinking
Healthcare
Data Science
Artificial Intelligence
CXO
Operations Management
MBA
Degree
Cybersecurity
Project Management
Others
Finance
Public Policy
Technology
PGDM
MCA
Management
Data Science
healthcare
Digital Marketing
others
Product Management
Data Analytics
Skills you'll gain:
Duration:
22 Weeks
Indian School of Business
SEPO - ISB Venture Capital & Private Equity India
Starts on
undefined
Get Details
Skills you'll gain:
Duration:
12 Weeks
IIM Kozhikode
CERT-IIMK EPIS Async India
Starts on
undefined
Get Details
Skills you'll gain:
Duration:
12 Months
IIM Kozhikode
Advanced Strategic Management Programme
Starts on
undefined
Get Details
Skills you'll gain:
Strategic Thinking & Planning
Competitive Advantage & Market Positioning
Strategic Leadership & Decision-Making
Change Management & Organizational Transformation
Duration:
1 Year
IIM Kozhikode
IIMK Advanced Strategic Management Programme
Starts on
Mar 30, 2024
Get Details
Skills you'll gain:
Opportunities & Outlining Plans to use AI & ML
Applying Data-Driven Business Innovation Best Practices
Changing Culture to Integrate AI-Enabled Technologies
Ethics, Privacy and Regulations in AI & ML
Duration:
20 Weeks
Indian School of Business
ISB Leadership in AI
Starts on
May 14, 2024
Get Details
Skills you'll gain:
Duration:
12 Months
IIM Kozhikode
Senior Management Programme
Starts on
undefined
Get Details
Skills you'll gain:
Duration:
11 Months
IIM Lucknow
CERT-IIML SLP India
Starts on
undefined
Get Details
Skills you'll gain:
Financial Accounting & Analysis
Financial Instruments & Markets
Corporate Finance & Valuation
Investment Management & Banking
Duration:
12 Months
IIM Kozhikode
IIMK Professional Certificate in Financial Analysis and Financial Management
Starts on
Mar 30, 2024
Get Details
Skills you'll gain:
Duration:
10 Months
IIM Indore
Executive Programme in Business Management
Starts on
undefined
Get Details
Skills you'll gain:
Critical Thinking & Decision-Making Skills
Power of Emerging Technologies
Innovation and Drive Organizational Change
Fostering a Culture of Innovation
Duration:
9 Months
MIT xPRO
MIT Technology Leadership and Innovation
Starts on
May 14, 2024
Get Details
Skills you'll gain:
Duration:
18 Weeks
109820388
Strategic Marketing for Leaders: Leveraging AI for Growth
Starts on
undefined
Get Details
Skills you'll gain:
Duration:
12 Months
IIM Kozhikode
SEPO - IIMK CEO Programme India
Starts on
undefined
Get Details
Skills you'll gain:
Duration:
10 Months
IIM Kozhikode
CERT-IIMK-Women Leadership Programme INDIA
Starts on
undefined
Get Details
by Taboola
by Taboola
Sponsored Links
Sponsored Links
Promoted Links
Promoted Links
You May Like
Join new Free to Play WWII MMO War Thunder
War Thunder
Play Now
Undo
GNG is the country's largest refurbisher of laptops and desktops among other devices and operates under the brand
Electronics Bazaar
. Its volume of refurbished devices increased to 5.9 lakh in FY25 from 2.5 lakh in FY23 while the number of procurement partners rose to 557 from 265 during the period. Laptops contributed 75.6% to the FY25 revenue while the rest was from sale of desktops, tablets, servers, smartphones and other devices. It is present across 38 countries with 4,154 touchpoints as of March 2025.
Financials
Revenue and net profit more than doubled to ₹1,411 crore and ₹69 crore in FY25 from ₹659.5 crore and ₹32.4 crore in FY23 respectively. Operating margin before depreciation and amortisation (Ebitda margin) improved to 8.9% from 7.6% during the period. The working capital increased by nearly two and a half times between FY23 and FY25 to ₹261 crore.
Valuation
Live Events
The company demands a price-earnings multiple of upto 39 based on FY25 earnings and post-IPO equity. It has no direct main-board listed peer.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
18 minutes ago
- Time of India
National chicken finger day: Here's how to get a free chicken finger this July 27
Chicken lovers, mark your calendars. Raising Cane's and numerous other restaurants are gearing up to celebrate National Chicken Finger Day on Sunday, July 27. The fast-food favorite is giving customers a reason to celebrate with a finger-lickin' freebie. There are no codes or strings involved, just free chicken. Explore courses from Top Institutes in Please select course: Select a Course Category Data Science Technology Others Cybersecurity Leadership Artificial Intelligence MCA PGDM Degree Design Thinking Data Science Finance Operations Management Public Policy Digital Marketing Management CXO healthcare Data Analytics Healthcare MBA Product Management others Project Management Skills you'll gain: Duration: 10 Months IIM Kozhikode CERT-IIMK DABS India Starts on undefined Get Details Skills you'll gain: Duration: 11 Months IIT Madras CERT-IITM Advanced Cert Prog in AI and ML India Starts on undefined Get Details Skills you'll gain: Duration: 11 Months E&ICT Academy, Indian Institute of Technology Guwahati CERT-IITG Postgraduate Cert in AI and ML India Starts on undefined Get Details Skills you'll gain: Duration: 10 Months E&ICT Academy, Indian Institute of Technology Guwahati CERT-IITG Prof Cert in DS & BA with GenAI India Starts on undefined Get Details Skills you'll gain: Duration: 30 Weeks IIM Kozhikode SEPO - IIMK-AI for Senior Executives India Starts on undefined Get Details National Chicken Finger Day, which Raising Cane's claims to have started 16 years ago, is this Sunday. Originally introduced in 2010, the holiday was created by the brand and is now available to all customers, not just loyalty members. Raising Cane's is marking National Chicken Finger Day on July 27 by giving away a free chicken finger with every Box Combo purchase. The once-exclusive deal is now open to all customers, no loyalty membership required. "No code or coupon required, just an extra reason to celebrate the holiday Raising Cane's started 16 years ago," Raising Cane's said in a media release. "There isn't a limit, either. The more Box Combos ordered; the more free Chicken Fingers to enjoy!" Live Events ALSO READ: Gold price prediction: Analysts forecast gold rates for August All customers who buy a Box Combo on July 27 will receive a complimentary chicken finger, the company announced in a news release on July 16. The business stated that this is the first time the offer is being made available to all clients, not just Caniac Club loyalty members, as per a report by USA Today. With more than 900 outlets in more than 40 states, Raising Cane's says it intends to add more than 100 more eateries "across several new markets" by 2025. Snoop Dogg appears in this year's campaign. Snoop Dogg, a legendary rapper, has been enlisted by the chain to promote National Chicken Finger Day this year. View this post on Instagram A post shared by Raising Cane's (@raisingcanes) Restaurant Chains Offering Free Chicken on National Chicken Finger Day While Raising Cane's may have started the party, other chicken chains are showing up to the feast this year too, as per a report by Fox Business. Huey Magoo's, a fast-casual chicken tenders chain, offers five free Tender Bites with any three-piece or larger Tender Meal on Sunday. Popeyes offers free six-piece bone-in wings with any bone-in wings order. 7-Eleven offers deals for 7Rewards and Speedy Rewards members on July 29 at participating 7-Eleven, Speedway, and Stripes stores nationwide. Florida-founded Hurricane Grill & Wings offers 99-cent bone-in or boneless wings for dining-in or carry-out on July 29 only. The National Chicken Council estimates that Americans will eat a record 104lbs of chicken per person in 2025. FAQs How can I get a free chicken finger? Buy any Box Combo at Raising Cane's on July 27 and receive one free chicken finger. Do I have to be a loyalty member? Nope, this year's deal is available to everyone, not just Caniac Club members.
Time of India
an hour ago
- Time of India
Bhopal metro's priority corridor may be ready for transport by October: CM Yadav
Madhya Pradesh Chief Minister Mohan Yadav inspected the under-construction Bhopal Metro on Sunday and expressed hope that the priority corridor from Subhash Nagar to AIIMS will become operational by October this year. Yadav took a test ride on a three-coach metro train from Subhash Nagar station to AIIMS and from AIIMS to Rani Kamalapati station. He reviewed onboard features and facilities. Explore courses from Top Institutes in Please select course: Select a Course Category Digital Marketing Design Thinking Artificial Intelligence Healthcare Data Science Cybersecurity Data Analytics Product Management CXO PGDM Others Technology Finance Management others Operations Management Degree healthcare Data Science MCA Project Management Public Policy MBA Leadership Skills you'll gain: Digital Marketing Strategies Customer Journey Mapping Paid Advertising Campaign Management Emerging Technologies in Digital Marketing Duration: 12 Weeks Indian School of Business Digital Marketing and Analytics Starts on May 14, 2024 Get Details Skills you'll gain: Digital Marketing Strategy Search Engine Optimization (SEO) & Content Marketing Social Media Marketing & Advertising Data Analytics & Measurement Duration: 24 Weeks Indian School of Business Professional Certificate Programme in Digital Marketing Starts on Jun 26, 2024 Get Details "The Bhopal metro project is progressing rapidly. A few incomplete works will be completed within one and a half to two months. The government is working swiftly to give a gift of metro train service to people by October," he told reporters while pointing out that metro train service in Indore has received a positive response. He said the test run of the Bhopal metro is underway, and the Research Designs and Standards Organisation (RDSO) has completed the inspection. "The Commissioner of Metro Rail Safety (CMRS) will soon inspect the metro works. Once the CMRS gives clearance, the priority corridor of the Bhopal Metro will be opened for public transport," he added. Live Events Yadav stated that the Bhopal metro project is being developed at an estimated cost of Rs 6,941.40 crore. The priority corridor from Subhash Nagar to AIIMS is being built at a cost of approximately Rs 2,225 crore and is nearing completion. "Our target is to start metro operations on this priority corridor by October 2025. The roadmap aims to fully operationalise both corridors- orange and blue lines- before 2030," he said. Yadav said the design speed of the Bhopal Metro is 90 kmph, with an operational speed of 40 to 60 kmph. A total of 27 state-of-the-art metro train sets have been planned for the metro project, out of which seven have already arrived in the state capital. The metro will not only ensure convenient travel but also contribute effectively to environmental protection and pollution control, he added. Sharing updates on the Indore metro , Yadav said the government aims to start the full section from Super Corridor to Malviya Nagar (Radisson) intersection by the end of this year. Under the guidance of Prime Minister Narendra Modi, the state government is moving quickly to enhance civic amenities, the chief minister added. Economic Times WhatsApp channel )
Time of India
an hour ago
- Time of India
Crushed by exhaustion, delivery man breaks down into tears: 'I regret leaving school'
A deeply moving video of a Chinese food delivery worker breaking down during his shift has stirred widespread attention on social media, highlighting the extreme mental and physical strain faced by gig economy workers. Dressed in a yellow delivery uniform and helmet, the man was seen crying uncontrollably as he opened up about the pressures of his daily life. Physically Exhausted, Emotionally Drained In the now-viral clip, the driver speaks about working 10-hour days without any real opportunity for rest. He describes his routine as one that leaves him "exhausted like a dog" and says he cannot afford to slow down even for a moment. Any lapse in effort, he explains, directly affects his ability to feed himself. The constant anxiety of not meeting daily targets has worn him down, both mentally and physically. Explore courses from Top Institutes in Please select course: Select a Course Category Digital Marketing PGDM Design Thinking Data Analytics Technology Operations Management Leadership CXO Data Science Product Management Healthcare Others others Degree Artificial Intelligence healthcare Finance MCA Public Policy Project Management Management Cybersecurity Data Science MBA Skills you'll gain: Digital Marketing Strategy Search Engine Optimization (SEO) & Content Marketing Social Media Marketing & Advertising Data Analytics & Measurement Duration: 24 Weeks Indian School of Business Professional Certificate Programme in Digital Marketing Starts on Jun 26, 2024 Get Details Skills you'll gain: Digital Marketing Strategies Customer Journey Mapping Paid Advertising Campaign Management Emerging Technologies in Digital Marketing Duration: 12 Weeks Indian School of Business Digital Marketing and Analytics Starts on May 14, 2024 Get Details The man shares that he often feels overwhelmed by the burdens of his job and regrets the decisions that led him to this point. He says he dropped out of school at a young age, despite warnings from teachers, and now feels that his life would have been different if he had chosen to continue his education. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Algeria: Jewelry On Sale For Half Price (See Price List) Jewelry | Search Ads Learn More Undo Regret Over Past Choices Speaking through tears, the delivery worker says he wishes he had studied harder instead of leaving school early. He acknowledges that his decision was driven by stubbornness, and it is a choice he now deeply regrets. The emotional toll of not being able to support his parents or live a life of his choosing weighs heavily on him. View this post on Instagram A post shared by CHINA IN A MINUTE (@chinaminutes) He adds that the combination of relentless work hours and unending stress has left him without hope or someone to confide in. The video captures a moment of deep vulnerability as he admits to feeling like a failure in the eyes of his family and himself. Public Response and Broader Concerns The video resonated with thousands of viewers, many of whom expressed their sympathy and concern for the driver. Comments poured in acknowledging the broader issue of burnout and insecurity in gig-based jobs. Some users emphasized the need for societal support systems that allow people second chances, such as opportunities to resume education later in life. Others reminded him that even degree-holders today face similar struggles in an increasingly difficult job market. The situation brings to light the growing concerns over labor conditions in the gig economy. Last year, a similar tragedy occurred when another Chinese delivery worker reportedly died while napping on his bike after an 18-hour shift. According to friends, he was the sole breadwinner of his family and sometimes slept for only three hours before starting work again.
