Company Overview

Newjaisa Technologies Ltd is a tech-driven, full-stack D2C company specializing in refurbished IT electronics. Originally incorporated as "Newjaisa Technologies Private Limited" on June 16, 2020, it commenced business operations on December 18, 2020. The company was converted to a public limited company in May 2023, changing its name to "Newjaisa Technologies Limited" and receiving a fresh certificate of incorporation dated June 27, 2023.

The company provides high-quality refurbished computing devices at significantly lower prices than new products. Newjaisa operates as a technology-driven Direct to Consumer refurbished IT electronics company, with a business model encompassing an end-to-end reverse supply chain for IT assets. The company sells refurbished IT electronics, including laptops, desktops, and accessories, targeting students, SMEs, and professionals.

Business Model and Operations

Newjaisa Technologies Limited purchases, refurbishes, and sells IT products primarily in India. It offers laptops, desktops/AiOs, monitors, and accessories through e-commerce and its online platforms. The company operates as an online platform offering refurbished laptops and provides renewed laptops, desktops, chargers, keyboards, mouse, and more.

The company has faced significant operational challenges recently. Amazon's exit from refurbished sales caused a 60% revenue hit to the company. This has prompted management to diversify channels, invest in growth, and implement cost rationalization measures with expectations of recovery by FY26.

Market Position and Stock Performance

The market capitalization of Newjaisa Technologies Ltd varies between ₹115 Crore and ₹139.65 Crore as of July 2025. The company is listed and trades on the NSE stock exchange. The 52-week high of the stock is ₹146.90 and the 52-week low is ₹35.50.

Newjaisa Technologies Ltd has given a return of -57.85% in the last 1 year. As per Value Research classification, it is a Small Cap company. The company belongs to the Information Technology sector and the Technology Hardware sub-sector.

Financial Performance

The company's recent financial performance reflects the challenges it has faced. The company reported revenue of ₹65.7 Cr and a loss of ₹1.13 Cr. Newjaisa Technologies Ltd has an operating revenue of ₹151.55 Cr on a trailing 12-month basis. The company achieved an annual revenue growth of 39% with a pre-tax margin of 13% and ROE of 11%.

The TTM profit after tax of Newjaisa Technologies Ltd was ₹6 Cr. However, the company has a low return on equity of 11.4% over the last 3 years. On the positive side, debtor days have improved from 44.0 to 34.5 days.

Key Financial Metrics

- Market Capitalization: ₹115 - ₹139.65 Crore (as of July 2025)

- Promoter Holding: 62.87%

- Revenue (Recent): ₹65.7 Cr

- Loss (Recent): ₹1.13 Cr

- TTM Operating Revenue: ₹151.55 Cr

- TTM Profit After Tax: ₹6 Cr

- Annual Revenue Growth: 39%

- Pre-Tax Margin: 13%

- ROE (Last 3 Years): 11.4%

- Debtor Days: 34.5 days (improved from 44.0)

- P/E Ratio: 22.13 (as of July 2025)

- P/B Ratio: 2.53 (as of July 2025)

- Book Value: ₹22.1

- Face Value: ₹5.00

- Dividend Yield: 0.00%

- Debt to Equity Ratio: 4%

- Interest Coverage Ratio: Low

Management and Ownership

The promoters of Newjaisa Technologies Ltd are Vishesh Handa and Mukunda Raghavendra, who collectively own 62.87% of the total equity. Vishesh Handa serves as the chairman and CEO of the company.

Promoter holding has decreased over the last quarter by 0.47%. There is no promoter pledging in Newjaisa Technologies Ltd. The company had 432 employees as of December 2024, representing a 44.0% decrease from December 2023.

Investment Considerations

The company operates in the growing refurbished electronics market, which appeals to cost-conscious consumers and environmentally aware buyers. However, investors should consider the recent operational challenges, particularly the significant impact from Amazon's policy changes. Based on technical indicators, the daily buy/sell signal shows Strong Sell.

The company is exempt from SEBI corporate governance rules for the June 2025 quarter due to its SME listing status and has provided compliance certificates confirming no rematerialisation requests for the same period. The management's focus on channel diversification and cost optimization measures may help the company navigate current challenges and position it for recovery in the coming fiscal years.