Gersan Elektrik Ticaret ve Sanayi A.S.

Gersan Elektrik Ticaret ve Sanayi A.S.

19.95
TRY
-2.11
(-9.56%)
1.62EPS
24.04P/E
14.55BMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
0.8
0.83
0.62
0.77
0.9
1.02
1
1.06
1.59
6.7
8.78
14.31
7.23
7.8
Basic EPS, GAAP
-0.03
0.05
0.16
0.02
0.07
0.02
-0.16
0.04
0.03
-0.13
-0.69
1.38
0.27
1.62
Free Cash Flow per Basic Share
-0.1
- -
-0.14
-0.07
-0.06
-0.17
-0.05
0.04
-0.15
-0.19
0.56
0.03
-4.75
-5.84
Dividend per Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Book Value per Share
0.29
0.36
0.45
0.48
0.54
0.67
0.48
0.46
0.56
2.09
2.7
4.86
8.73
11.04
Tangible Book Value per Share
0.29
0.35
0.45
0.48
0.54
0.67
0.48
0.46
0.55
2.08
2.69
4.8
8.7
11.01
Basic Weighted Avg Shares
130
130
217
214
214
237
217
240
240
240
240
240
372
378
Sales/Revenue/Turnover
104
108
135
164
193
242
218
254
381
1,607
2,107
3,434
2,693
2,949
Operating Margin (%)
1.81
6.61
13.18
-0.72
3.59
-1.81
-25.73
-0.16
3.65
8.69
-0.22
4.37
4.96
25.48
Depreciation Expense
2
3
4
4
3
3
4
5
3
14
21
35
43
43
Net Income, GAAP
-4
6
35
5
14
4
-36
8
7
-31
-167
332
99
614
Effective Tax Rate (%)
- -
- -
0.77
- -
- -
41.37
- -
- -
- -
6,057.23
- -
6.22
44.9
11.41
Profit Margin (%)
-3.53
5.85
26.05
2.88
7.33
1.86
-16.45
3.34
1.84
-1.91
-7.9
9.67
3.69
20.84
Working Capital
11
-1
74
55
76
125
47
90
79
197
129
74
1,557
1,985
LT Debt
21
17
26
20
39
55
39
88
64
81
49
231
192
324
Total Equity
38
47
97
100
113
155
109
110
132
500
648
1,154
3,251
4,113
Return on Invested Capital (%)
- -
- -
14.86
- -
- -
7.19
- -
- -
- -
-3,594.56
- -
15.73
6
18.52
Return on Capital (%)
- -
- -
31.63
- -
- -
5.2
- -
- -
- -
-444.08
- -
29.45
7.25
23.64
Return on Common Equity (%)
-9.17
14.88
48.18
4.68
12.88
3.26
-26.16
7.53
5.72
-9.68
-29
36.61
4.5
25.91

Capital Structure

TRY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
959
1,054
1,765
LT Borrowings
159
311
293
LT Finance Leases
32
30
31
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
372
372
372
Market Capitalization
7,051
10,869
14,549

Working Capital

TRY

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
3,192
3,748
4,627
Cash, Cash Equivalents & STI
32
83
49
Accounts Receivable, Net
859
756
919
Inventories
1,918
2,468
2,978
Total Current Liabilities
1,635
1,843
2,641
Payables & Accruals
- -
- -
- -
ST Debt
959
1,054
1,765
Deferred Revenue
- -
- -
- -

Growth Rates

TRY

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
61.12%
117.41%
181.62%
Free Cash Flow
-2,801.78%
-5,576.51%
-26,969.46%
Net Income, GAAP
-145.94%
-96.73%
-70.07%
Sales/Revenue/Turnover
51.6%
88.94%
-21.56%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

TRY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
800
903
785
622
3,434
2025
736
659
683
834
2,693
2026
633
800
- -
- -
- -

Quarterly Earnings Per Share

TRY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1.21
-0.14
-0.16
0.26
1.38
2025
-1
-1.46
0.77
0.83
0.27
2026
0.13
-0.07
- -
- -
- -

Quarterly Dividends Per Share

TRY

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -

Company Description

CEO
Erkan Izgi
Full Time Employees
670
Sector
Producer manufacturing
Industry
Electrical products
Address
Istanbul Turkey
IPO Date
May 14, 2003
Business
Gersan Elektrik Ticaret ve Sanayi A.S. is a Turkey-based electrical equipment manufacturer and engineering solutions provider specializing in the design, production, and distribution of power transmission, energy distribution, and electrical protection systems. Founded in 1980 and headquartered in Istanbul, Turkey, the company operates manufacturing plants in Istanbul and Caycuma, Zonguldak, alongside an international production facility in Oman and sales offices across the Middle East, Central Asia, and Europe. Gersan Elektrik serves diverse sectors including commercial construction, heavy industry, renewable energy, transportation infrastructure, data centers, healthcare, and defense, exporting its products to approximately 120 countries worldwide. The company provides a comprehensive portfolio of electrical hardware and smart energy systems, including: busbar trunking systems for low- and medium-voltage power distribution; cable management and carrier systems, comprising perforated and solid-bottom cable trays, heavy-duty cable ladders, wire mesh trays, and structural brackets; earthing, grounding, and lightning protection equipment; modular distribution panels, switchboards, and 19-inch rack cabinet systems; electric vehicle charging infrastructure developed under the G-Charge brand, encompassing intelligent AC and high-power DC fast-charging stations; building automation and energy management systems driven by the proprietary G-Bus power-line communication technology; LED-Bus integrated industrial and commercial lighting solutions; underfloor trunking, screed ducting, and raised-floor distribution boxes; and photovoltaic solar mounting structures alongside custom steel support systems. Additionally, the company delivers turnkey engineering, project design, supervision, and commissioning services for large-scale utility and industrial installations. In recent developments, Gersan Elektrik advanced its international capital market strategy following the approval of its cross-trading application on the OTCQX Best Market in the United States under the symbol GERLF, augmenting its primary listing on Borsa Istanbul (BIST: GEREL). The company also executed a targeted capital increase through private placement agreements involving Izgi Holding, which expanded its strategic equity interest in the enterprise, and initiated an active corporate share repurchase program to optimize its capital structure while continuing to scale manufacturing capacity for high-demand electric mobility and smart grid infrastructure solutions across regional and global markets.