Electronics Mart India Ltd

Electronics Mart India Ltd

₹ 176 1.21%
13 Dec - close price
About

Incorporated in 1980, Electronics Mart India Limited is the 4th largest consumer durable and electronics retailer in India. The company offers a diversified range of products with a focus on large appliances (air conditioners, televisions, washing machines, and refrigerators), mobiles and small appliances, IT, and others. The company's offering includes more than 6,000 SKUs (stock keeping units) across product categories from more than 70 consumer durable and electronic brands.[1]

Key Points

Market Position
The company is the largest consumer durables and electronics retailer in the Southern region, particularly dominant in Telangana and Andhra Pradesh, and ranks as the 4th largest retailer in India by revenue. [1]

  • Market Cap 6,774 Cr.
  • Current Price 176
  • High / Low 262 / 154
  • Stock P/E 36.9
  • Book Value 38.2
  • Dividend Yield 0.00 %
  • ROCE 12.7 %
  • ROE 14.4 %
  • Face Value 10.0

Pros

  • Company has delivered good profit growth of 30.8% CAGR over last 5 years

Cons

  • Stock is trading at 4.61 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Promoter holding has decreased over last quarter: -7.80%
  • Company might be capitalizing the interest cost

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
930 1,265 1,231 1,408 1,228 1,482 1,328 1,684 1,313 1,775 1,524 1,975 1,386
860 1,188 1,142 1,311 1,152 1,409 1,237 1,554 1,217 1,659 1,417 1,821 1,302
Operating Profit 70 77 89 97 75 73 91 130 97 115 108 154 84
OPM % 8% 6% 7% 7% 6% 5% 7% 8% 7% 6% 7% 8% 6%
2 1 1 2 1 3 5 2 2 2 3 2 2
Interest 20 22 23 24 23 25 27 27 23 29 28 29 22
Depreciation 17 18 19 20 21 22 23 25 25 26 29 30 31
Profit before tax 34 37 48 55 32 30 46 81 50 62 53 97 33
Tax % 25% 26% 26% 26% 26% 26% 22% 25% 25% 26% 24% 25% 25%
25 28 35 41 24 22 36 60 37 46 41 72 25
EPS in Rs 0.84 0.92 1.18 1.36 0.80 0.57 0.94 1.57 0.97 1.19 1.05 1.88 0.64
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2019 7m Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
1,649 3,172 3,202 4,349 5,446 6,285 6,660
1,549 2,945 2,998 4,057 5,110 5,836 6,199
Operating Profit 100 228 204 292 336 450 461
OPM % 6% 7% 6% 7% 6% 7% 7%
1 -1 5 4 11 10 10
Interest 17 63 72 85 99 108 108
Depreciation 8 51 58 71 85 106 117
Profit before tax 75 112 80 140 163 246 245
Tax % 36% 27% 26% 26% 25% 25%
48 82 59 104 123 184 183
EPS in Rs 1.60 2.72 1.95 3.46 3.19 4.78 4.76
Dividend Payout % 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: 31%
3 Years: 25%
TTM: 15%
Compounded Profit Growth
10 Years: %
5 Years: 31%
3 Years: 46%
TTM: 18%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: -12%
Return on Equity
10 Years: %
5 Years: 16%
3 Years: 15%
Last Year: 14%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 300 300 300 300 385 385 385
Reserves 52 133 192 297 800 985 1,084
377 872 968 1,149 1,432 1,570 1,490
82 43 64 87 75 118 108
Total Liabilities 811 1,348 1,524 1,832 2,692 3,057 3,067
179 571 674 785 1,142 1,356 1,494
CWIP 20 2 2 24 14 45 58
Investments 0 0 0 0 0 0 0
612 774 848 1,023 1,535 1,656 1,515
Total Assets 811 1,348 1,524 1,832 2,692 3,057 3,067

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
36 64 116 -3 161
-70 -60 -68 -301 -117
71 -56 -49 470 -161
Net Cash Flow 36 -52 -1 166 -117

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 19 10 11 10 9 11
Inventory Days 85 54 63 60 60 66
Days Payable 9 1 1 3 2 3
Cash Conversion Cycle 95 63 73 66 67 73
Working Capital Days 95 65 81 70 76 78
ROCE % 18% 11% 14% 12% 13%

Shareholding Pattern

Numbers in percentages

Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
77.97% 77.97% 77.97% 77.97% 72.97% 72.97% 72.97% 72.97% 65.17%
2.48% 3.11% 3.38% 3.44% 4.51% 4.99% 5.12% 4.95% 8.80%
7.51% 9.12% 10.36% 10.92% 15.18% 16.50% 16.73% 16.96% 18.93%
12.04% 9.82% 8.28% 7.67% 7.34% 5.54% 5.18% 5.12% 7.10%
No. of Shareholders 1,20,4671,02,04996,65689,74785,85184,11685,25984,0951,03,669

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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