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 ₹ 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.
Peer comparison
Sector: Retail Industry: Trading
Part of Nifty Microcap 250 Nifty Total Market BSE Consumer Discretionary BSE Allcap BSE SmallCap
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 | 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% |
Documents
Announcements
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Commencement Of Commercial Operations
11 Dec - Electronics Mart India launched a new Bajaj Electronics store.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
9 Dec - The Company officials will be meeting the investors at 10:00 am on 13th December 2024 at Trident, BKC, Mumbai.
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Commencement Of Commercial Operations
5 Dec - Electronics Mart India launched a new Bajaj Electronics store.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
15 Nov - The Company officials will be meeting the investors virtually at 02:00 PM on the 28th November 2024.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
14 Nov - The Company officials will be meeting the investors at 10:00 AM on 27th November 2024 at Mumbai.
Concalls
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Nov 2024Transcript PPT REC
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Aug 2024Transcript PPT
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Aug 2024TranscriptNotesPPT
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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 2023TranscriptNotesPPT
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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 2023TranscriptNotesPPT
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Nov 2022Transcript PPT
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]