InvestoAdda

A Passionate Investor in Indian Equity market & having strong believe in Indian Growth story... Bharat Mata ki Jai

[InvestoAdda @Investoadda]

Disclaimer - My tweets are not investment recommendations. I am not a SEBI registered consultant.
Disclosure: I and my family/friends have investment and holdings in all the stocks that I discuss and write about on twitter. Consult a SEBI registered advisor before investing.

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Do your own due diligence before any investment decisions. This is for educational & informational purposes only and not a buy/sell recommendation.
If you found this analysis useful, please Retweet & Follow for more detailed equity research on Indian stocks.

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Key Risks
Global PC shipment declines could eventually raise sourcing costs (near-term pricing tailwind, longer-term supply headwind). New distribution channels yet to contribute materially. Offshore exposure via UAE subsidiary.
Exceptional execution but supply dynamics warrant.

[InvestoAdda @Investoadda]

Sector Context
Global refurbished IT market benefits from:
ESG/circular economy mandates
Affordability needs in India & MENA
New PC declines creating premium refurb supply tightness.
No direct listed peer in India. Theme: Order Book Inflection + Margin Expansion.

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Concall Commentary (05-May-2026)
“This has been a remarkable year... we have delivered our best ever annual performance, expanded our footprint, deepened our customer relationships and substantially over-delivered on the guidance.”
— Sharad Khandelwal, MD & Founder

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Financial Snapshot (FY26 Audited)
Gross Margin: 19.2% in Q4 (+414 bps YoY)
Employee strength: 2,148 (from ~1,200 at start of year)
Operations across India, US, Europe, Africa & UAE.
New distribution tie-ups with Ingram & Supertron offer upside to FY27 guidance.

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Management guided ~25% revenue growth for FY27 with at least 50 bps PAT margin expansion (credible track record – exceeded every quarter in FY26).
Structural tailwind: Global new PC shipments declining (IDC: -11% in 2026), tightening refurbished supply and supporting better ASPs

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Primary Trigger – The "Why Now"
FY26 Consolidated:
• Revenue: ₹1,891 Cr (+34% YoY)
• PAT: ₹132 Cr (+91% YoY)
• EBITDA margin: 10.6% (+166 bps YoY)
Q4 FY26: Revenue ₹651.7 Cr (+43% YoY), PAT ₹42.1 Cr (nearly 3x YoY), EBITDA margin 9.8%.
Volumes: 7.27 lakh units (vs 5.9 lakh

[InvestoAdda @Investoadda]

🧵 GNG Electronics Ltd (NSE: EBGNG) – A compelling play in the Refurbished IT Devices / Circular Economy sector.
India’s largest laptop & desktop refurbisher delivered its best-ever annual performance in FY26 amid global PC shipment declines.
MCap: ~₹3,200 Cr | TTM PE: ~24x |

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Excited to share a detailed thread on GNG Electronics Ltd (NSE: EBGNG) — India's leading refurbished IT devices player in the circular economy space. Strong FY26 results, robust growth, margin expansion & positive structural tailwinds. Medium confidence view. Thread below 👇

[InvestoAdda @Investoadda]

Do your own due diligence before any investment decisions. This is for educational & informational purposes only and not a buy/sell recommendation.
If you found this analysis useful, please Retweet & Follow for more detailed equity research on Indian stocks.

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🚀 PTC Industries Thread: A quick breakdown of their advanced metallurgy capabilities, deep-tech moats, and how they are scaling up the aerospace value chain. Check out the thread below! 👇

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5/ Outlook: Positioned seamlessly as a Tier 1/2 supplier to global OEMs and defense programs like DRDO. By substituting imports with local production, PTC stands out as a prime beneficiary of the secular multi-decade structural tailwind of Atmanirbhar Bharat.

[InvestoAdda @Investoadda]

Do your own due diligence before any investment decisions. This is for educational & informational purposes only and not a buy/sell recommendation.
If you found this analysis useful, please Retweet & Follow for more detailed equity research on Indian stocks.

[InvestoAdda @Investoadda]

VA Tech WABAG Ltd

A global water technology company not a typical EPC contractor.
It combines engineering, proprietary Tech, desalination, wastewater recycling . With water scarcity becoming a global priority, WABAG is positioned in a long-term structural growth theme.👇

[InvestoAdda @Investoadda]

18/18

Final View

VA Tech WABAG is a high-quality water technology company benefiting from a multi-decade structural opportunity.

The business quality deserves attention, but the current valuation demands continued execution. #vatechwabag #investing #equity
#waterepc