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 ₹ 5,541 Cr.
- Current Price ₹ 144
- High / Low ₹ 262 / 110
- Stock P/E 34.6
- Book Value ₹ 39.8
- Dividend Yield 0.00 %
- ROCE 10.3 %
- ROE 11.0 %
- Face Value ₹ 10.0
Pros
Cons
- Stock is trading at 3.62 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has a low return on equity of 12.9% over last 3 years.
- 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.
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 | |
---|---|---|---|---|---|---|
3,172 | 3,202 | 4,349 | 5,446 | 6,285 | 6,965 | |
2,945 | 2,998 | 4,057 | 5,110 | 5,836 | 6,514 | |
Operating Profit | 228 | 204 | 292 | 336 | 449 | 451 |
OPM % | 7% | 6% | 7% | 6% | 7% | 6% |
-1 | 5 | 4 | 11 | 10 | 9 | |
Interest | 63 | 72 | 85 | 99 | 108 | 118 |
Depreciation | 51 | 58 | 71 | 85 | 106 | 127 |
Profit before tax | 112 | 80 | 140 | 163 | 246 | 215 |
Tax % | 27% | 26% | 26% | 25% | 25% | 26% |
82 | 59 | 104 | 123 | 184 | 160 | |
EPS in Rs | 2.72 | 1.95 | 3.46 | 3.19 | 4.78 | 4.16 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 17% |
3 Years: | 17% |
TTM: | 11% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 13% |
3 Years: | 15% |
TTM: | -13% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
1 Year: | -36% |
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 | |
---|---|---|---|---|---|---|
Equity Capital | 300 | 300 | 300 | 385 | 385 | 385 |
Reserves | 133 | 192 | 297 | 800 | 985 | 1,146 |
872 | 968 | 1,149 | 1,432 | 1,570 | 1,976 | |
43 | 64 | 87 | 78 | 120 | 190 | |
Total Liabilities | 1,348 | 1,524 | 1,832 | 2,694 | 3,059 | 3,697 |
223 | 674 | 785 | 1,142 | 1,356 | 1,758 | |
CWIP | 351 | 2 | 24 | 14 | 45 | 30 |
Investments | 0 | 0 | 0 | 0 | 0 | 0 |
774 | 848 | 1,023 | 1,538 | 1,658 | 1,908 | |
Total Assets | 1,348 | 1,524 | 1,832 | 2,694 | 3,059 | 3,697 |
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 | 65 | 81 | 70 | 76 | 78 | 81 |
ROCE % | 11% | 14% | 12% | 13% | 10% |
Documents
Announcements
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Closure of Trading Window
30 Jun - Trading window closed from July 1, 2025, till 48 hours post Q1 FY26 results announcement.
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Commencement Of Commercial Operations
21 Jun - New Bajaj Electronics store opened in Vijayawada, Andhra Pradesh, 5,600 sq ft from 21 June 2025.
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Clarification On Volume Movement Of Securities
19 Jun - Clarification on volume spike; no undisclosed price-sensitive info; fully compliant with SEBI regulations.
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Clarification sought from Electronics Mart India Ltd
19 Jun - Exchange has sought clarification from Electronics Mart India Ltd on June 19, 2025, with reference to Movement in Volume.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
14 Jun - The Company officials will be attending (virtually) the investor conference organized by Anand Rathi on 20th June 2025 at 02:00 P.M.
Concalls
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May 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 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[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]