Block deal: Goldman Sachs picks stake on this smallcap inventory that surged 50% in 6 months
Among the many distinguished patrons was Motilal Oswal Fairness Alternatives Fund Collection II, which acquired 6.41 lakh shares. Different institutional traders collaborating within the transaction included Mirae Asset Mutual Fund, ITI Mutual Fund, Edelweiss Mutual Fund, Belief Mutual Fund, and Goldman Sachs Asia Fairness Portfolio.
Mobius Funding Belief Plc and MCP Rising Markets Fund LP additionally picked up stakes within the firm.
Lately, Motilal Oswal initiated protection on GNG Electronics with a optimistic outlook, highlighting the corporate’s management place within the world refurbished electronics market.
The brokerage stated GNG Electronics has constructed a scaled refurbishment platform spanning about 46 international locations, with almost 95% of income generated by means of institutional and B2B channels. The corporate operates an built-in sourcing, refurbishment and distribution mannequin, which helped it ship a quantity CAGR of round 43% between FY23 and FY26.
Motilal Oswal believes the refurbished private pc market is coming into a structural progress part, supported by affordability, enhancing product reliability, AI-driven {hardware} substitute cycles and regulatory initiatives similar to right-to-repair and prolonged producer duty (EPR) norms.
The brokerage famous that GNG’s in-house refurbishment capabilities enable superior repairs, greater restoration charges and higher realizations. Regardless of almost tripling volumes over FY23-26, warranty-related prices have remained low, indicating sturdy course of controls and execution.The dealer expects the corporate to ship a 26% income CAGR, 31% EBITDA CAGR and 36% revenue CAGR between FY26 and FY28, pushed by greater volumes, margin enlargement, enhancing restoration economics and decrease financing prices.
GNG Electronics operates underneath the “Electronics Bazaar” model and is among the many largest organized gamers within the refurbished ICT gadgets market, serving enterprises, retailers and distributors throughout world markets.
(Disclaimer: Suggestions, ideas, views and opinions given by the consultants are their very own. These don’t characterize the views of Financial Instances)
