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 ₹ 3,704 Cr.
- Current Price ₹ 96.3
- High / Low ₹ 168 / 92.3
- Stock P/E 40.6
- Book Value ₹ 40.4
- Dividend Yield 0.00 %
- ROCE 10.4 %
- ROE 11.1 %
- Face Value ₹ 10.0
Pros
Cons
- 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 12.9% 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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|
| 3,172 | 3,202 | 4,349 | 5,446 | 6,285 | 6,965 | 6,879 | |
| 2,945 | 2,998 | 4,057 | 5,110 | 5,836 | 6,514 | 6,481 | |
| Operating Profit | 228 | 204 | 292 | 336 | 449 | 451 | 398 |
| OPM % | 7% | 6% | 7% | 6% | 7% | 6% | 6% |
| -1 | 5 | 4 | 11 | 10 | 8 | 15 | |
| Interest | 63 | 72 | 85 | 99 | 108 | 118 | 142 |
| Depreciation | 51 | 58 | 71 | 85 | 106 | 127 | 140 |
| Profit before tax | 112 | 80 | 140 | 163 | 246 | 215 | 130 |
| Tax % | 27% | 26% | 26% | 25% | 25% | 26% | |
| 82 | 59 | 104 | 123 | 184 | 160 | 96 | |
| EPS in Rs | 2.72 | 1.95 | 3.46 | 3.19 | 4.78 | 4.16 | 2.49 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 17% |
| 3 Years: | 17% |
| TTM: | 5% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 13% |
| 3 Years: | 16% |
| TTM: | -51% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 6% |
| 1 Year: | -39% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 14% |
| 3 Years: | 13% |
| Last Year: | 11% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 300 | 300 | 300 | 385 | 385 | 385 | 385 |
| Reserves | 133 | 192 | 297 | 800 | 985 | 1,146 | 1,172 |
| 872 | 968 | 1,149 | 1,432 | 1,570 | 1,976 | 1,963 | |
| 43 | 64 | 87 | 78 | 120 | 190 | 159 | |
| Total Liabilities | 1,348 | 1,524 | 1,832 | 2,694 | 3,059 | 3,697 | 3,678 |
| 223 | 674 | 785 | 1,142 | 1,356 | 1,758 | 1,903 | |
| CWIP | 351 | 2 | 24 | 14 | 45 | 30 | 15 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 774 | 848 | 1,023 | 1,538 | 1,658 | 1,908 | 1,761 | |
| Total Assets | 1,348 | 1,524 | 1,832 | 2,694 | 3,059 | 3,697 | 3,678 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| 36 | 64 | 116 | -1 | 160 | 176 | |
| -70 | -60 | -68 | -301 | -117 | -332 | |
| 71 | -56 | -49 | 470 | -161 | 101 | |
| Net Cash Flow | 36 | -52 | -1 | 169 | -118 | -55 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| Debtor Days | 10 | 11 | 10 | 9 | 11 | 9 |
| Inventory Days | 54 | 63 | 60 | 60 | 66 | 76 |
| Days Payable | 1 | 1 | 3 | 2 | 3 | 6 |
| Cash Conversion Cycle | 63 | 73 | 66 | 67 | 73 | 79 |
| Working Capital Days | 14 | 23 | 22 | 31 | 39 | 37 |
| ROCE % | 11% | 14% | 12% | 13% | 10% |
Documents
Announcements
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Commencement Of Commercial Operations
2d - Bajaj Electronics store opened 14 Jan 2026 at Pileru, Andhra Pradesh; 5,800 sq ft.
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
8 Jan - Electronics Mart India Limited informed about the certificate under Regulation 74 of SEBI (Depositories and Participants) Regulations, 2018.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
5 Jan - The Company officials will be attending the investor conference scheduled to be held on 08th January 2026 virtually.
- Closure of Trading Window 31 Dec
-
Authority To Evaluate And Explore Various Avenues For Expansion
26 Dec - Board (24 Dec 2025) authorised individuals to explore acquisitions, investments, JVs; no material disclosure now.
Annual reports
Concalls
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Nov 2025Transcript PPT REC
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Feb 2025Transcript PPT
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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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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]