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 ₹ 8,001 Cr.
- Current Price ₹ 208
- High / Low ₹ 245 / 70.1
- Stock P/E 44.6
- Book Value ₹ 33.3
- Dividend Yield 0.00 %
- ROCE 12.0 %
- ROE 13.8 %
- Face Value ₹ 10.0
Pros
Cons
- Stock is trading at 6.24 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.
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 | 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: | 174% |
| 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% |
Documents
Announcements
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Compliance Under Reg. 40 Of SEBI LODR
19 Apr - Certificate under Regulation 40(9) of SEBI LODR as issued by the VSSK & Associates, practising company secretary for the year ended on 31st March 2024.
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Commencement Of Commercial Operations.
9 Apr - Electronics Mart India Limited has commenced its commercial operations of a new Multi Brand Store under the Brand name of "Bajaj Electronics" in Telangana.
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Commencement Of Commercial Operations
6 Apr - Electronics Mart India Limited has commenced its commercial operations of a new Multi Brand Store under the brand name ''Bajaj Electronics'' in Telangana.
- Clarification - Proceedings Of The Annual General Meeting Held On 23Rd August 2023. 6 Apr
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Commencement Of Commercial Operations
5 Apr - Electronics Mart India Limited has commenced the commercial operations of a new Muti Brand Store under the brand name ''Bajaj Electronics'' in Andhra Pradesh.
Concalls
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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 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]