Electronics Mart India Ltd

Electronics Mart India Ltd

₹ 204 -0.17%
23 Feb - 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
The company is the largest player in the Southern region in revenue terms with dominance in Telangana and Andhra Pradesh and the 4th largest consumer durables and electronics retailer in India. [1]

  • Market Cap 7,847 Cr.
  • Current Price 204
  • High / Low 245 / 61.4
  • Stock P/E 43.7
  • Book Value 33.3
  • Dividend Yield 0.00 %
  • ROCE 12.0 %
  • ROE 13.8 %
  • Face Value 10.0

Pros

Cons

  • Stock is trading at 6.12 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend

* 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

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
930 1,265 1,231 1,408 1,228 1,482 1,328 1,689 1,313 1,789
860 1,188 1,142 1,311 1,152 1,409 1,237 1,559 1,217 1,673
Operating Profit 70 77 89 97 75 73 91 130 97 115
OPM % 8% 6% 7% 7% 6% 5% 7% 8% 7% 6%
2 1 1 2 1 3 5 2 2 2
Interest 20 22 23 24 23 25 27 27 23 29
Depreciation 17 18 19 20 21 22 23 25 25 26
Profit before tax 34 37 48 55 32 30 46 81 50 62
Tax % 25% 26% 26% 26% 26% 26% 22% 25% 25% 26%
25 28 35 41 24 22 36 60 37 46
EPS in Rs 0.84 0.92 1.18 1.36 0.80 0.57 0.94 1.57 0.97 1.19
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
3,172 3,202 4,349 5,446 6,119
2,945 2,998 4,057 5,110 5,686
Operating Profit 228 204 292 336 433
OPM % 7% 6% 7% 6% 7%
-1 5 4 11 13
Interest 63 72 85 99 107
Depreciation 51 58 71 85 100
Profit before tax 112 80 140 163 239
Tax % 27% 26% 26% 25%
82 59 104 123 180
EPS in Rs 2.72 1.95 3.46 3.19 4.67
Dividend Payout % 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: 20%
TTM: 14%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 12%
TTM: 47%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: 201%
Return on Equity
10 Years: %
5 Years: %
3 Years: 15%
Last Year: 14%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 300 300 300 385 385
Reserves 133 192 297 800 897
872 968 1,149 1,432 1,104
43 64 87 78 99
Total Liabilities 1,348 1,524 1,832 2,694 2,485
223 674 785 1,142 1,194
CWIP 351 2 24 14 25
Investments 0 0 0 0 0
774 848 1,023 1,538 1,266
Total Assets 1,348 1,524 1,832 2,694 2,485

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023
36 64 116 -1
-70 -60 -68 -301
71 -56 -49 470
Net Cash Flow 36 -52 -1 169

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 10 11 10 9
Inventory Days 54 63 60 60
Days Payable 1 1 3 2
Cash Conversion Cycle 63 73 66 67
Working Capital Days 65 81 70 76
ROCE % 11% 14% 12%

Shareholding Pattern

Numbers in percentages

Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
77.97% 77.97% 77.97% 77.97% 72.97% 72.97%
2.48% 3.11% 3.38% 3.44% 4.51% 4.99%
7.51% 9.12% 10.36% 10.92% 15.18% 16.50%
12.04% 9.82% 8.28% 7.67% 7.34% 5.54%
No. of Shareholders 1,20,4671,02,04996,65689,74785,85184,116

* 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.

Click on the line-items to see the names of individual entities.

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