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 ₹ 8,253 Cr.
- Current Price ₹ 214
- High / Low ₹ 262 / 102
- Stock P/E 44.8
- Book Value ₹ 35.6
- Dividend Yield 0.00 %
- ROCE 12.7 %
- ROE 14.4 %
- Face Value ₹ 10.0
Pros
- Company has delivered good profit growth of 30.8% CAGR over last 5 years
Cons
- Stock is trading at 6.15 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- 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
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|
1,649 | 3,172 | 3,202 | 4,349 | 5,446 | 6,285 | |
1,549 | 2,945 | 2,998 | 4,057 | 5,110 | 5,836 | |
Operating Profit | 100 | 228 | 204 | 292 | 336 | 450 |
OPM % | 6% | 7% | 6% | 7% | 6% | 7% |
1 | -1 | 5 | 4 | 11 | 10 | |
Interest | 17 | 63 | 72 | 85 | 99 | 108 |
Depreciation | 8 | 51 | 58 | 71 | 85 | 106 |
Profit before tax | 75 | 112 | 80 | 140 | 163 | 246 |
Tax % | 36% | 27% | 26% | 26% | 25% | 25% |
48 | 82 | 59 | 104 | 123 | 184 | |
EPS in Rs | 1.60 | 2.72 | 1.95 | 3.46 | 3.19 | 4.78 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 31% |
3 Years: | 25% |
TTM: | 15% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 31% |
3 Years: | 46% |
TTM: | 50% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
1 Year: | 99% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | 16% |
3 Years: | 15% |
Last Year: | 14% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|
Equity Capital | 300 | 300 | 300 | 300 | 385 | 385 |
Reserves | 52 | 133 | 192 | 297 | 800 | 985 |
377 | 872 | 968 | 1,149 | 1,432 | 1,570 | |
82 | 43 | 64 | 87 | 75 | 118 | |
Total Liabilities | 811 | 1,348 | 1,524 | 1,832 | 2,692 | 3,057 |
179 | 571 | 674 | 785 | 1,142 | 1,356 | |
CWIP | 20 | 2 | 2 | 24 | 14 | 45 |
Investments | 0 | 0 | 0 | 0 | 0 | 0 |
612 | 774 | 848 | 1,023 | 1,535 | 1,656 | |
Total Assets | 811 | 1,348 | 1,524 | 1,832 | 2,692 | 3,057 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|
36 | 64 | 116 | -3 | 161 | ||
-70 | -60 | -68 | -301 | -117 | ||
71 | -56 | -49 | 470 | -161 | ||
Net Cash Flow | 36 | -52 | -1 | 166 | -117 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|
Debtor Days | 19 | 10 | 11 | 10 | 9 | 11 |
Inventory Days | 85 | 54 | 63 | 60 | 60 | 66 |
Days Payable | 9 | 1 | 1 | 3 | 2 | 3 |
Cash Conversion Cycle | 95 | 63 | 73 | 66 | 67 | 73 |
Working Capital Days | 95 | 65 | 81 | 70 | 76 | 78 |
ROCE % | 18% | 11% | 14% | 12% | 13% |
Documents
Announcements
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
11 Jul - Electronics Mart India Limited has informed about the certificate under SEBI (Depository and Participant) Regulations.
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Commencement Of Commercial Operation.
8 Jul - Electronics Mart India Limited has commenced the commercial operation of a new Multi brand store under the brand name of "Bajaj Electronics" in Vikrampuri, Telangana.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
8 Jul - The officials of the company will be meeting the investors (participants) at 08.30 AM on 11th July 2024 in Mumbai.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
8 Jul - The officials of the company will be meeting the investors (participants) at 09.00 AM on 10th July 2024 in Mumbai.
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Commencement Of Commercial Operations
26 Jun - Electronics Mart India Limited has commenced the commercial operations of a multi-brand store in Delhi.
Concalls
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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
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]