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Electronics Mart India

EMIL NSE
₹160.74 No trade today
P/E
29.99
View as Markdown
MCP
Close 4 Nov 2026 ₹160.74 +19.95 +14.2% 1Y
Start ₹140.79

Key Fundamentals

MicrocapRetailConsumer Services

Price-based figures as of · EPS basis: Consolidated · TTM

ROCE
8.17%
Debt to Equity
1.23
EPS (TTM)
₹5.36
Book Value
₹42.26
Market Cap
—
P/E (TTM)
29.99
P/B
3.80
ROE
6.24%
Dividend Yield
0.00%
EBITDA
₹446 Cr
52W High
₹212.64
52W Low
₹84.90
Volume
0

Tapetide Score

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

Overall score

58 Good

Data confidence 100/100

Category scores

Quality
53
Average
Returns, margins, earnings quality 22% weight
Valuation
63
Good
Cheap vs sector & own history 24% weight
Growth
68
Strong
Sales & profit trajectory 9% weight
Financial Health
28
Poor
Solvency, leverage, coverage 9% weight
Momentum
83
Strong
Trend strength, vol-adjusted 12% weight
Ownership
49
Average
FII/DII/promoter flows 24% weight

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

Key Insights

No strengths listed

Weaknesses

5
  • Stock is trading at 4.65 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 10.3% over last 3 years.
  • Company might be capitalizing the interest cost
  • Promoter holding has decreased over last 3 years: -7.80%

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallBearish865
OscillatorsBearish261
Moving AveragesStrong Bearish604

Key readings

RSI (14)
41.57
Neutral
MACD (12,26,9)
−8.70
Bearish
SMA (50)
181.09
Bearish
SMA (200)
131.80
Bullish

As of

Analyst Rating

Based on 7 analysts
BUY86%

6 of 7 analysts rate Buy, 1 Hold, 0 Sell.

As of

BUY
6
86%
HOLD
1
14%
SELL
0
0%

Growth Rate

From the financial statements below. 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.

Revenue

Revenue growth by window
5Y+17.54%
3Y+9.67%
1Y+6.72%
TTM+20.17%

Net profit

Net profit growth by window
5Y+12.64%
3Y−4.54%
1Y−33.13%
TTM+95.28%

Operating cash flow

Operating cash flow growth by window
5Y+47.31%
3YTurned positive
1Y+152.27%
TTM—

TTM: Reported once a year, so there is no trailing-twelve-month figure.

Operating margin· change in pp

Operating margin growth by window
5Y−0.27 pp
3Y−0.07 pp
1Y−0.62 pp
TTM+1.09 pp

Revenue by year

Revenue by year, ₹ crore
Mar 2020₹3,172 Cr
Mar 2021₹3,202 Cr
Mar 2022₹4,349 Cr
Mar 2023₹5,446 Cr
Mar 2024₹6,285 Cr
Mar 2025₹6,731 Cr
Mar 2026₹7,183 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2020₹82.00 Cr
Mar 2021₹59.00 Cr
Mar 2022₹104 Cr
Mar 2023₹123 Cr
Mar 2024₹184 Cr
Mar 2025₹160 Cr
Mar 2026₹107 Cr

Analyst Forecasts

Forecast For
Sep 26 consensus · EBITDA
₹124 Cr −48.6% vs Jun 26
Reported High Mean Low

AI Analysis — Bull vs Bear

Generated 31 Jul 2026
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

94d ago

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.

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.

Quarterly Results

₹ Cr
EMIL quarterly results, ₹ crore
Particulars 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
32.52
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
24.54
34
27
22
16
30
40
121
EPS (₹)
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

Profit & Loss

₹ Cr
EMIL profit and loss, annual, ₹ crore
Particulars Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
3,172
3,202
4,349
5,446
6,285
6,731
7,183
7,863
Expenses
2,945
2,998
4,057
5,110
5,836
6,279
6,745
7,295
Operating Profit
228
204
292
336
449
452
438
568
OPM %
7%
6%
7%
6%
7%
7%
6%
7%
Other Income
−1
5
4
11
10
9.14
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 (₹)
2.72
1.95
3.46
3.19
4.78
4.17
2.78
5.36
Div. Payout %
0%
0%
0%
0%
0%
0%
0%
—

Balance Sheet

₹ Cr
EMIL balance sheet, annual, ₹ crore
Particulars Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
300
300
300
385
385
385
385
Reserves
133
192
297
800
985
1,134
1,241
Borrowings
872
968
1,149
1,432
1,570
1,967
1,997
Other Liabilities
43
64
87
78
120
151
174
Total Liabilities
1,348
1,524
1,832
2,694
3,059
3,637
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
1,849
1,846
Total Assets
1,348
1,524
1,832
2,694
3,059
3,637
3,797

Cash Flow

₹ Cr
EMIL cash flow, annual, ₹ crore
Particulars 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

Ratios

EMIL financial ratios, annual
Particulars Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
10
11
10
9
11
4
3
Inventory Days
54
63
60
60
66
78
74
Days Payable
1
1
3
2
3
4
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%

Insights

Beta

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

Log in to view Electronics Mart insights

59 extracted metrics across FY20–FY27.

Shareholding Pattern

As of Sep 2026

  • Promoters 65.17%
  • DIIs 15.87%
  • Public 10.36%
  • FIIs 6.05%
  • Others 2.55%

No promoter shares pledged as of 14 Oct 2026

Change vs previous quarter

Not shown for some quarters: Others. Not available separately for this quarter: the shareholding filing gives Public and Others as one figure, shown under Public, so Others is left blank rather than estimated.

Documents

Frequently Asked Questions about Electronics Mart India

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…
Where is Electronics Mart India Ltd (EMIL) listed?
Electronics Mart India Ltd trades as EMIL on the NSE and under code 543626 on the BSE.
Which sector does Electronics Mart India Ltd belong to?
Electronics Mart India Ltd is classified under the Retail sector, in the Diversified Retail industry.
What is the PE ratio of Electronics Mart India Ltd?
Electronics Mart India Ltd trades at a PE ratio of 29.99 as of 4 Nov 2026, on earnings per share of ₹5.36, against a book value of ₹42.26 per share.
What is the 52-week high and low of Electronics Mart India Ltd?
Over the last 52 weeks Electronics Mart India Ltd has traded between ₹84.9 and ₹212.64 as of 4 Nov 2026.
What is the Return on Equity (ROE) of Electronics Mart India Ltd?
Electronics Mart India Ltd reported a return on equity of 6.24%. Its debt-to-equity ratio is 1.23.

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.

Website electronicsmartindia.com
CEO Mr. Karan Bajaj
Employees 3,069
Listed 17 Oct 2022
Face Value ₹10

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