Electronics Mart India Ltd
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]
- Market Cap ₹ 4,386 Cr.
- Current Price ₹ 114
- High / Low ₹ 168 / 75.6
- Stock P/E 42.7
- Book Value ₹ 42.3
- Dividend Yield 0.00 %
- ROCE 8.14 %
- ROE 6.50 %
- Face Value ₹ 10.0
Pros
Cons
- Stock is trading at 2.70 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has low interest coverage ratio.
- Company has a low return on equity of 10.4% over last 3 years.
- Company might be capitalizing the interest cost
- Promoter holding has decreased over last 3 years: -12.8%
* 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.
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 7m | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| 1,649 | 3,172 | 3,202 | 4,349 | 5,446 | 6,285 | 6,965 | 7,183 | |
| 1,549 | 2,945 | 2,998 | 4,057 | 5,110 | 5,836 | 6,513 | 6,745 | |
| Operating Profit | 100 | 228 | 204 | 292 | 336 | 450 | 451 | 438 |
| OPM % | 6% | 7% | 6% | 7% | 6% | 7% | 6% | 6% |
| 1 | -1 | 5 | 4 | 11 | 10 | 8 | 15 | |
| Interest | 17 | 63 | 72 | 85 | 99 | 108 | 118 | 154 |
| Depreciation | 8 | 51 | 58 | 71 | 85 | 106 | 127 | 156 |
| Profit before tax | 75 | 112 | 80 | 140 | 163 | 246 | 215 | 143 |
| Tax % | 36% | 27% | 26% | 26% | 25% | 25% | 26% | 25% |
| 48 | 82 | 59 | 104 | 123 | 184 | 160 | 107 | |
| EPS in Rs | 1.60 | 2.72 | 1.95 | 3.46 | 3.19 | 4.78 | 4.16 | 2.79 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 18% |
| 3 Years: | 10% |
| TTM: | 3% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 12% |
| 3 Years: | -6% |
| TTM: | -36% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 16% |
| 1 Year: | -5% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 12% |
| 3 Years: | 10% |
| Last Year: | 7% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Equity Capital | 300 | 300 | 300 | 300 | 385 | 385 | 385 | 385 |
| Reserves | 52 | 133 | 192 | 297 | 800 | 985 | 1,146 | 1,242 |
| 377 | 872 | 968 | 1,149 | 1,432 | 1,570 | 1,976 | 1,997 | |
| 82 | 43 | 64 | 87 | 75 | 118 | 189 | 172 | |
| Total Liabilities | 811 | 1,348 | 1,524 | 1,832 | 2,692 | 3,057 | 3,696 | 3,795 |
| 179 | 571 | 674 | 785 | 1,142 | 1,356 | 1,758 | 1,932 | |
| CWIP | 20 | 2 | 2 | 24 | 14 | 45 | 30 | 19 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 612 | 774 | 848 | 1,023 | 1,535 | 1,656 | 1,907 | 1,845 | |
| Total Assets | 811 | 1,348 | 1,524 | 1,832 | 2,692 | 3,057 | 3,696 | 3,795 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| 36 | 64 | 116 | -3 | 161 | 177 | 443 | ||
| -70 | -60 | -68 | -301 | -117 | -332 | -125 | ||
| 71 | -56 | -49 | 470 | -161 | 101 | -299 | ||
| Net Cash Flow | 36 | -52 | -1 | 166 | -117 | -54 | 18 | |
| Free Cash Flow | -28 | 10 | 48 | -249 | -13 | -158 | 309 | |
| CFO/OP | 35% | 41% | 53% | 14% | 51% | 53% | 111% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Debtor Days | 19 | 10 | 11 | 10 | 9 | 11 | 9 | 3 |
| Inventory Days | 85 | 54 | 63 | 60 | 60 | 66 | 76 | 74 |
| Days Payable | 9 | 1 | 1 | 3 | 2 | 3 | 6 | 4 |
| Cash Conversion Cycle | 95 | 63 | 73 | 66 | 67 | 73 | 79 | 73 |
| Working Capital Days | 26 | 14 | 23 | 22 | 31 | 39 | 37 | 36 |
| ROCE % | 18% | 11% | 14% | 12% | 13% | 10% | 8% |
Insights
In beta| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|
| Total Store Count Number |
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| Average Ticket Size INR |
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| Bill Cuts Number in '000 |
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| Total Retail Area Million sq. ft. |
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| Same Store Sales Growth (SSSG) % |
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| Number of SKUs Number |
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Extracted by Screener AI
Documents
Announcements
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Compliances-Reg.24(A)-Annual Secretarial Compliance
2d - Electronics Mart India filed FY2026 Secretarial Compliance Report; no violations or actions reported.
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
27 May - Electronics Mart India Limited submitted the transcript of the earnings conference call held on 22nd May 2026 to discuss the Audited Financial Results for the …
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Announcement under Regulation 30 (LODR)-Newspaper Publication
23 May - Electronics Mart India Limited has submitted the soft copies of the Newspaper Advertisement published on 23rd May 2026 pertaining to the Audited Financial Results for …
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
22 May - Audio recording of 22 May 2026 Q4 and FY26 earnings conference call uploaded.
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
22 May - Electronics Mart India reported Q4FY26 revenue of Rs 1,913 crore, PAT Rs 40 crore; FY26 revenue Rs 7,183 crore.
Annual reports
Concalls
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May 2026TranscriptAI SummaryPPT
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Feb 2026Transcript PPT
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Nov 2025Transcript PPT REC
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Aug 2025Transcript PPT REC
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May 2025Transcript PPT REC
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Nov 2024Transcript PPT REC
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Aug 2024Transcript PPT
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Aug 2024TranscriptAI SummaryPPT
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May 2024Transcript PPT
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Feb 2024Transcript PPT
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Nov 2023Transcript PPT
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Nov 2023TranscriptAI SummaryPPT
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Aug 2023Transcript PPT
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Jun 2023Transcript PPT
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Feb 2023Transcript PPT
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Feb 2023TranscriptAI SummaryPPT
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Nov 2022Transcript PPT
Market Position[1]
Emart 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, offering consumer electronics, appliances, and IT products from 100+ brands.[2]