| Market Cap | ₹281.25 CrMicro Cap |
|---|---|
| P/E Ratio | 27.94Sector PE 42.32 |
| Revenue Growth | 96.56%Annual YoY |
| Promoter Holding | 71.43%Latest Quarter |
Key highlights
- MoU signed with Spectrum Wireless and its group entity DeNovo Technologies for device sourcing
- Spectrum Wireless brings a network established in 2016 serving thousands of B2B clients
- DeNovo Technologies to provide L4 grade repairs and Certified Pre-Owned device expertise
- Refurbished devices will be sold under EPW India Limited's own brand
- DeNovo to supply refurbished electronics to EPW India’s Dubai-based subsidiary
Collaborative Sourcing and Branding Strategy
EPW India Limited has formalised a mutual understanding to enhance its inventory-based IT refurbishment model. Under the terms of the MoU, Spectrum Wireless and its group entities will source and procure mobile phones and electronic devices from both Indian and international markets. These devices will be purchased, refurbished, and recycled by EPW India, followed by retail or wholesale distribution under the company's own brand.
This arrangement allows EPW India to leverage Spectrum’s established network in the mobile phone segment, which has been operational since 2016 and serves a vast B2B client base across the country.
Technical Expertise and International Operations
- DeNovo Technologies operates from the Hyderabad Special Economic Zone in Telangana
- The partner specialises in high-end L4 grade repairs and premium refurbishment services
- Expertise includes the production of Certified Pre-Owned devices for global markets
- Partnerships already exist with prominent firms in the USA, Australia, and Canada
- Supply chain includes a direct link to Exclusive PC World Computers & Requisites Trading L.L.C in Dubai
Strategic Financial and Operational Context
The partnership comes at a time when EPW India is strengthening its financial flexibility to support inventory growth. On September 23, 2026, the company executed a supplemental agreement for a cash credit facility and working capital term loan of ₹35.00 crore from ICICI Bank Limited. This capital infusion aligns with the company's asset-heavy refurbishment model, where it does not maintain a traditional bidding pipeline but instead relies on inventory turnover.
The current partnership with DeNovo specifically targets the Dubai market, where refurbished devices will be sold through EPW India’s international subsidiary.
What to watch next
- Declaration of un-audited financial results for the half-year ended September 30, 2026, expected mid-November 2026
- Integration of Spectrum's sourcing network into the company's quarterly inventory cycles
- Volume growth in the Dubai subsidiary following the DeNovo supply agreement
| Share price | ₹245 |
|---|---|
| Market capitalisation | ₹281.25 Cr |
| Revenue (annual) | ₹101.83 Cr |
| Net profit (annual) | ₹10.07 Cr |
| P/E (TTM) | 27.94×Sector 42.32× |
| 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.
Exchange filing by EPW India Limited announcing a Memorandum of Understanding for electronics refurbishment. Market figures from a third-party data provider.
