Electronics Mart India Ltd logo

Electronics Mart India Ltd

EMIL NSE

Key Fundamentals

MicrocapDiversified RetailRetail
Market Cap
₹7,473 Cr
Volatility
High Risk
P/E Ratio
35.7
EBITDA
₹438 Cr
Return on Equity
10.45%
Debt to Equity
1.23
Book Value
₹42.26
EPS
₹5.1
52W High
₹196.74
52W Low
₹84.9

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

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51 extracted metrics + investor summaries across FY20–FY26.

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Tapetide Score

Data-driven rating, 0–100. How it works →

Technical Indicators

Key Insights

Weaknesses

5
  • Stock is trading at 4.55 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 10.4% over last 3 years.
  • Company might be capitalizing the interest cost
  • Promoter holding has decreased over last 3 years: -12.8%

Growth Rate

Revenue Growth
3.00% ↘
Net Income Growth
-40.56% ↘
Cash Flow Change
9.99% ↗
ROE
-22.19% ↘
ROCE
-19.76% ↘
EBITDA Margin (Avg.)
-7.59% ↘

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 18d ago
AI opinion · based on fundamentals
Risk high

Electronics Mart India Ltd (EMIL) operates 223 stores across 94 cities with FY26 revenue of ₹7,183 crore (up 7% YoY) and a market cap of ₹5,040 crore. The company trades at a PE of 46.7x with declining profitability (TTM profit down 36%) despite continued top-line growth, reflecting margin pressure from aggressive store expansion.

Bull Case 8
  • Revenue scaled from ~₹3,800 crore in FY21 to ₹7,183 crore in FY26, representing a 5-year sales CAGR of 18%
  • Store network expanded aggressively from ~156 stores in FY24 to 223 stores by FY26-end, adding 67 stores in two years across 94 cities
  • Same-store sales growth of 11.4% reported in Q2 FY26, indicating organic demand traction beyond new store additions
  • FY26 Q4 revenue of ₹1,913 crore grew 15% YoY, showing acceleration after a muted first half
  • FY26 Q4 net profit of ₹39.73 crore grew 49% YoY, signalling margin recovery as newer stores mature
  • Company plans 25-30 new stores annually on a lease-only model, reducing future capex intensity versus prior years
  • FII holding has increased steadily from 4.77% to 7.18% over recent quarters, indicating growing institutional interest
  • Compounded sales CAGR of 10% over 3 years demonstrates consistent top-line momentum even amid macro headwinds
Bear Case 8
  • TTM net profit declined 36% despite revenue growing 3%, indicating severe margin compression
  • PE ratio of 46.7x is elevated for a retail business delivering only 7% ROE in the last year
  • Promoter holding declined by 12.8% over three years, with a 7.8% stake sale in August 2024 alone raising ₹689 crore
  • 3-year ROE averages only 10.4%, below the cost of equity for most investors at current valuations
  • Company pays zero dividend despite repeated profitability, offering no cash return to shareholders
  • Low interest coverage ratio signals that debt-servicing obligations consume a meaningful share of operating profit
  • Stock price CAGR of just 4% over 3 years and 2% over 1 year shows the market has not rewarded the expansion strategy
  • PB ratio of 3.07x is rich given the low single-digit ROE, implying the market prices in significant future earnings growth that remains undelivered

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

Anthropic anthropic claude-opus-4.6 15d ago
Positives 2
  • New Delhi store opens Jul 25

    Electronics Mart commenced operations at a 3,600 sq ft multi-brand store in Saket, New Delhi on July 25, 2026, expanding its presence in the national capital.

  • New Kakinada store launch Jul 10

    Electronics Mart opened a new multi-brand store in Kakinada, Andhra Pradesh on July 10, 2026, strengthening its footprint in its home state.

Neutral 1
  • Q1 FY27 earnings call scheduled Jul 29

    EMIL will hold its Q1 FY27 earnings conference call on August 7, 2026, with CEO Karan Bajaj and CFO Premchand Devarakonda discussing un-audited results for the quarter ended June 30, 2026.

TL;DR: Electronics Mart India is in steady expansion mode, opening two new stores in July 2026 across Delhi and Andhra Pradesh. No headwinds are visible in recent news flow. The company continues its multi-brand retail footprint growth strategy, and the upcoming Q1 FY27 results on August 7 will be key to gauging whether store additions are translating into revenue and margin improvement.

Quarterly Results

  Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
1,684
1,313
1,775
1,524
1,927
1,335
1,805
1,664
1,739
1,591
1,940
1,913
2,419
Expenses
1,554
1,217
1,659
1,417
1,767
1,253
1,703
1,557
1,629
1,509
1,821
1,785
2,180
Operating Profit
130
97
115
108
160
82
102
107
110
82
118
129
239
OPM %
8%
7%
6%
7%
8%
6%
6%
6%
6%
5%
6%
7%
10%
Other Income
2
2
2
3
2
2
2
2
-7
17
0
6
2
Interest
27
23
29
28
29
22
30
36
37
39
38
40
37
Depreciation
25
25
26
29
30
31
30
35
37
38
40
41
42
PBT
81
50
62
53
103
31
44
38
29
22
39
53
162
Tax %
25%
25%
26%
24%
25%
25%
24%
29%
25%
25%
25%
26%
26%
Net Profit
60
37
46
41
77
23
34
27
22
16
30
40
121
EPS in Rs
1.57
0.97
1.19
1.05
2
0.61
0.87
0.69
0.56
0.42
0.77
1.03
3.14
Figures in ₹ Crores

Profit & Loss

  Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
3,172
3,202
4,349
5,446
6,285
6,965
7,183
7,863
Expenses
2,945
2,998
4,057
5,110
5,836
6,514
6,745
7,295
Operating Profit
228
204
292
336
449
451
438
568
OPM %
7%
6%
7%
6%
7%
6%
6%
7%
Other Income
-1
5
4
11
10
8
15
24
Interest
63
72
85
99
108
118
154
154
Depreciation
51
58
71
85
106
127
156
161
PBT
112
80
140
163
246
215
143
277
Tax %
27%
26%
26%
25%
25%
26%
25%
—
Net Profit
82
59
104
123
184
160
107
206
EPS in Rs
2.72
1.95
3.46
3.19
4.78
4.16
2.78
5.36
Div. Payout %
0%
0%
0%
0%
0%
0%
0%
—
Figures in ₹ Crores

Balance Sheet

  Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
300
300
300
385
385
385
385
Reserves
133
192
297
800
985
1,146
1,241
Borrowings
872
968
1,149
1,432
1,570
1,976
1,997
Other Liabilities
43
64
87
78
120
190
174
Total Liabilities
1,348
1,524
1,832
2,694
3,059
3,697
3,797
Fixed Assets
223
674
785
1,142
1,356
1,758
1,932
CWIP
351
2
24
14
45
30
19
Investments
0
0
0
0
0
0
0
Other Assets
774
848
1,023
1,538
1,658
1,908
1,846
Total Assets
1,348
1,524
1,832
2,694
3,059
3,697
3,797
Figures in ₹ Crores

Cash Flow

  Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
36
64
116
-1
160
176
444
Investing
-70
-60
-68
-301
-117
-332
-125
Financing
71
-56
-49
470
-161
101
-299
Net Cash Flow
36
-52
-1
169
-118
-55
19
Free Cash Flow
-28
10
48
-247
-14
-159
310
CFO/OP
35
41
53
14
51
52
111
Figures in ₹ Crores

Ratios

  Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
10
11
10
9
11
9
3
Inventory Days
54
63
60
60
66
76
74
Days Payable
1
1
3
2
3
6
4
Cash Conversion Cycle
63
73
66
67
73
79
73
Working Capital Days
14
23
22
31
39
37
36
ROCE %
—
11%
14%
12%
13%
10%
8%

Shareholding Pattern

As of Jun 2026
Promoters 65.17%
DIIs 20.89%
Public 7.41%
FIIs 4.77%
Others 1.75%
Total 99.99%
  Sep 2021Sep 2022Oct 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters
100.00%
77.97%
77.97%
77.97%
77.97%
77.97%
72.97%
72.97%
72.97%
72.97%
65.17%
65.17%
65.17%
65.17%
65.17%
65.17%
65.17%
65.17%
FIIs
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
5.12%
4.95%
8.80%
9.23%
8.68%
7.18%
6.86%
6.14%
5.19%
4.77%
DIIs
0.00%
7.60%
6.99%
9.11%
10.36%
10.92%
15.18%
16.03%
16.74%
16.95%
18.92%
17.96%
18.54%
17.22%
17.90%
18.93%
20.08%
20.89%
Government
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
Public
0.00%
10.34%
10.34%
7.93%
7.10%
6.64%
5.75%
4.96%
4.63%
4.41%
6.15%
6.74%
6.64%
7.90%
8.12%
8.04%
7.84%
7.41%
Others
0.00%
4.09%
4.70%
4.99%
4.58%
4.47%
6.10%
6.05%
0.55%
0.72%
0.95%
0.90%
0.96%
2.52%
1.95%
1.72%
1.72%
1.75%
No. of Shareholders
7
1,20,467
1,20,467
1,02,049
96,656
89,747
85,851
84,116
85,259
84,095
1,03,669
1,09,472
1,07,877
1,14,132
1,17,362
1,12,825
1,09,259
1,04,678

Documents

Frequently Asked Questions about Electronics Mart India Ltd

What does Electronics Mart India Ltd do?
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 a...
Where is Electronics Mart India Ltd (EMIL) listed?
Electronics Mart India Ltd is listed on the Indian stock exchanges. It is listed on NSE: EMIL and BSE: 543626. You can view its live share price, financials, and ratios on Tapetide.
Which sector does Electronics Mart India Ltd belong to?
Electronics Mart India Ltd operates in the Retail sector within the Diversified Retail industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of Electronics Mart India Ltd?
Electronics Mart India Ltd has a market capitalisation of approximately ₹7473.36 Cr. Based on this, it is classified as a Mid Cap stock.
What is the PE ratio of Electronics Mart India Ltd?
The Price-to-Earnings (PE) ratio of Electronics Mart India Ltd is 35.70. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of Electronics Mart India Ltd?
Over the past 52 weeks, Electronics Mart India Ltd has traded between a low of ₹84.9 and a high of ₹196.74. This range helps investors understand the stock's price volatility and recent trading levels.
What is the Return on Equity (ROE) of Electronics Mart India Ltd?
Electronics Mart India Ltd has a Return on Equity (ROE) of 10.45%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research Electronics Mart India Ltd on Tapetide?
On Tapetide, you can view Electronics Mart India Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.

Company Information

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]

Website electronicsmartindia.com
CEO Mr. Karan Bajaj
Employees 3,069
Listed 2022-10-17
Face Value ₹ 10
Issued Size 38,47,48,762

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