ALFA Finder
| Market Cap | ₹286.99 CrHardware Technology |
|---|---|
| P/E Ratio | 28.51Sector P/E 34.92 |
| 1-Year Return | 157.73%High 282.05 |
| Promoter Holding | 71.43%Latest Quarter |
| Metric | H1-27 | H2-26 | H1-26 |
|---|---|---|---|
| Revenue from Operations | 65.3 | 63.4 | 44.0 |
| Other Income | 0.0 | 0.0 | 0.0 |
| Total Income | 65.3 | 63.5 | 44.0 |
| Profit Before Tax | 10.2 | 8.9 | 5.6 |
| Net Profit | 7.1 | 6.2 | 4.1 |
| Operating Margin | 15.6% | 14.0% | 12.7% |
| Net Profit QoQ | +14.5% | ||
| Net Profit YoY | +73.2% | ||
Key highlights
- Net profit for H1-27 increased to ₹7.1 crore, representing a 73.2% growth over the ₹4.1 crore recorded in H1-26.
- Revenue from operations rose 48.4% year-on-year to reach ₹65.3 crore compared to ₹44.0 crore in the same period last year.
- Operating margins expanded to 15.6% in the current half-year, up from 12.7% in H1-26 and 14.0% in H2-26.
- EPW India utilized ₹31.22 crore of its IPO proceeds as of September 30, 2026, primarily for working capital and debt repayment.
- The company's subsidiary, Renavart Recyclers India, transitioned to 90% ownership following a fresh equity allotment to external investors.
- Management entered a Share Purchase Agreement in September 2026 to acquire a Dubai-based trading entity for approximately ₹1.14 crore.
Revenue Growth and Operational Scaling
EPW India Limited reported a significant scaling of its operations during the first half of the 2027 fiscal year. Revenue from operations reached ₹65.3 crore, a robust increase from the ₹44.0 crore reported in the same period of the previous year. This growth follows the company's listing on the NSE Emerge platform in December 2025, which provided capital for enhanced working capital requirements.
Sequentially, the company saw a 14.5% increase in net profit compared to the half-year ended March 31, 2026, indicating sustained momentum in its core business of IT product refurbishment and trading.
Expansion of Operating Margins
The company demonstrated improved profitability profiles as operating margins expanded to 15.6% for H1-27. This compares favorably against the 12.7% margin recorded in H1-26 and the 14.0% achieved in H2-26. Profit before tax rose to ₹10.2 crore, up from ₹5.6 crore a year ago.
The margin improvement was achieved despite a substantial increase in purchases of stock-in-trade, which stood at ₹60.57 crore on a consolidated basis. Efficient inventory management and the stabilization of its subsidiary operations contributed to the bottom-line performance during the period under review.
Strategic Subsidiary and Acquisition Activity
- Subsidiary Renavart Recyclers India Private Limited allotted 55,555 equity shares to other investors in August 2026.
- EPW India's holding in Renavart Recyclers subsequently reduced from 100% to 90%.
- The Group recognized a minority interest for the first time starting August 21, 2026.
- A Share Purchase Agreement was signed on September 22, 2026, to acquire 100% of Exclusive PC World Computers & Requisites Trading LLC in Dubai.
- The Dubai acquisition is valued at approximately ₹114.11 lakhs and remains subject to conditions precedent.
Utilization of IPO Proceeds
Following its listing in late 2025, EPW India has deployed the majority of its ₹31.81 crore net IPO proceeds. As of September 30, 2026, the company had utilized ₹31.22 crore, with ₹15.84 crore directed toward meeting working capital requirements and ₹7.91 crore used for the repayment of banking facilities. Approximately ₹3.65 crore was allocated to general corporate purposes.
A remaining balance of ₹58.57 lakhs is currently held in a designated escrow account with Axis Bank, earmarked for further debt repayment in alignment with the objects stated in the company's offer document.
Core Business Strategy
The Company is primarily engaged in the business of refurbishment and trading of IT electronic products and related peripherals, which management recognises as its sole business segment.
| Date | Announcement | Amount |
|---|---|---|
| 27 May 2026 | Audited consolidated net profit for the half-year ended 31 Mar 2026Source: screener.in | ₹6.21 Cr |
| 27 May 2026 | Audited consolidated revenue from operations for the half-year ended 31 Mar 2026Source: screener.in | ₹63.43 Cr |
What to watch next
- Completion of the 100% acquisition of Exclusive PC World Computers & Requisites Trading LLC in Dubai.
- Full utilization of the remaining ₹58.57 lakhs in IPO proceeds for further banking facility repayment.
- Next financial results announcement for the half-year ending March 31, 2027.
| Share price | ₹250 |
|---|---|
| Market capitalisation | ₹286.99 Cr |
| Revenue (annual) | ₹101.83 Cr |
| Net profit (annual) | ₹10.07 Cr |
| P/E (TTM) | 28.51×Sector 34.92× |
| Promoter holding | 71.43% |
| FII holding | 3.09%Current quarter |
Reference market data from a third-party provider, as of the story. Not a valuation or a recommendation.
NSE filing by EPW India Limited announcing the Un-Audited Standalone and Consolidated Financial Results for the half-year ended September 30, 2026. Market figures from a third-party data provider.
