The present invention relates to an apparatus and a method for automatic segregation of working and non-working parts from waste printed circuit boards or electronic waste with minimal or no manual efforts. The apparatus comprises a component segregation section and a functionality check section, to segregate functional and non-functional components in the various stages depending upon their functionality, nature and reusability. The apparatus takes in the bulk waste product as feed; the entry of the same is sensed by the sensors provided on the conveyor belt and that initiates the segregation process. The components from the waste product then undergo a number of stages wherein all necessary steps are taken like, size sorting, metallic parts sorting, reusable parts sorting. The apparatus is enabled with at least one smart inductor testing device that checks the functionality of the inductors.