Electronics Mart India Ltd

Electronics Mart India Ltd

₹ 114 -1.73%
29 May - 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[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]

  • 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
1,328 1,684 1,313 1,775 1,524 1,927 1,335 1,805 1,664 1,739 1,591 1,940 1,913
1,237 1,554 1,217 1,659 1,417 1,767 1,253 1,703 1,557 1,629 1,509 1,821 1,785
Operating Profit 91 130 97 115 108 160 82 102 107 110 82 118 129
OPM % 7% 8% 7% 6% 7% 8% 6% 6% 6% 6% 5% 6% 7%
5 2 2 2 3 2 2 2 2 -7 17 -0 6
Interest 27 27 23 29 28 29 22 30 36 37 39 38 40
Depreciation 23 25 25 26 29 30 31 30 35 37 38 40 41
Profit before tax 46 81 50 62 53 103 31 44 38 29 22 39 53
Tax % 22% 25% 25% 26% 24% 25% 25% 24% 29% 25% 25% 25% 26%
36 60 37 46 41 77 23 34 27 22 16 30 40
EPS in Rs 0.94 1.57 0.97 1.19 1.05 2.00 0.61 0.87 0.69 0.56 0.42 0.77 1.03
Raw PDF

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
Bill Cuts
Number in '000
Total Retail Area
Million sq. ft.
Same Store Sales Growth (SSSG)
%
Number of SKUs
Number

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
77.97% 72.97% 72.97% 72.97% 72.97% 65.17% 65.17% 65.17% 65.17% 65.17% 65.17% 65.17%
3.44% 4.51% 4.99% 5.12% 4.95% 8.80% 9.23% 8.68% 7.18% 6.86% 6.15% 5.19%
10.92% 15.18% 16.50% 16.73% 16.96% 18.93% 17.96% 18.55% 17.22% 17.90% 18.93% 20.08%
7.67% 7.34% 5.54% 5.18% 5.12% 7.10% 7.65% 7.61% 10.42% 10.06% 9.76% 9.56%
No. of Shareholders 89,74785,85184,11685,25984,0951,03,6691,09,4721,07,8771,14,1321,17,3621,12,8251,09,259

* 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.

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