Electronics Mart India Ltd - Stock Valuation and Financial Performance

BSE: 543626 | NSE: EMIL | Retailing | Small Cap

Electronics Mart India Ltd Share Price

203.75 -0.85 -0.42%
as on 23-Feb'24 16:59

DeciZen - make an informed investing decision on Electronics Mart Ind

Overall Rating
Bole Toh

1. Quality

2. Valuation

Somewhat overvalued

3. Price Trend

Semi Strong

Electronics Mart India stock performance -

mw4me loader
P/E Ratio (SA):
43.66
Market Cap:
7,839.3 Cr.
52-wk low:
61.5
52-wk high:
244.5

Is Electronics Mart India Ltd an attractive stock to invest in?

1. Is Electronics Mart India Ltd a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Electronics Mart India Ltd is a below average quality company.

2. Is Electronics Mart India Ltd undervalued or overvalued?

The key valuation ratios of Electronics Mart India Ltd's currently when compared to its past seem to suggest it is in the Somewhat overvalued zone.

3. Is Electronics Mart India Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Electronics Mart India Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Electronics Mart Ind:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Electronics Mart India Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 8.3%15.5%10.8%14.6%12.4%-
Value Creation
Index
-0.40.2-0.20.1-0.1-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 1,6463,1723,2024,3495,4466,119
Sales YoY Gr.-92.7%0.9%35.8%25.2%-
Adj EPS 1.62.923.53.24.7
YoY Gr.-81.3%-32.8%77.4%-7.8%-
BVPS (₹) 11.714.416.419.930.834.5
Adj Net
Profit
4887.158.6104123180
Cash Flow from Ops. -25.23664116-2.7-
Debt/CF from Ops. -1514.98.65.1-269-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales NANA19.7%25.2%
Adj EPS NANA3.2%-7.8%
BVPSNANA28.7%54.8%
Share Price - - - 200.1%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
13.622.212.719.113.814.3
Op. Profit
Mgn %
6.17.26.46.76.27.1
Net Profit
Mgn %
2.92.81.82.42.32.9
Debt to
Equity
1.11.21.110.6-
Working Cap
Days
07182737544
Cash Conv.
Cycle
04958525224

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 19.73%

Debt to equity has declined versus last 3 years average to 0.61

Sales growth is good in last 4 quarters at 13.87%

Return on Equity has declined versus last 3 years average to 14.30%

Net Profit has been subdued in last 3 years 3.23%

Latest Financials - Electronics Mart India Ltd.

Standalone Consolidated
TTM EPS (₹) 4.7 4.7
TTM Sales (₹ Cr.) 6,119 6,119
BVPS (₹.) 34.5 34.5
Reserves (₹ Cr.) 943 943
P/BV 5.90 5.90
PE 43.66 43.67
From the Market
52 Week Low / High (₹) 61.45 / 244.50
All Time Low / High (₹) 61.45 / 244.50
Market Cap (₹ Cr.) 7,839
Equity (₹ Cr.) 384.8
Face Value (₹) 10
Industry PE 99.1

Management X-Ray of Electronics Mart Ind:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Electronics Mart Ind

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Balance Sheet

(All Figures are in Crores.)

Profit And Loss

(All Figures in Cr. Adjusted EPS in Rs.)

Cash Flow

(All Figures are in Crores.)

Electronics Mart India Ltd Stock News

Electronics Mart India Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Electronics Mart Ind on 23-Feb-2024 16:59 is ₹203.8.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 23-Feb-2024 16:59 the market cap of Electronics Mart Ind stood at ₹7,839.3.
The latest P/E ratio of Electronics Mart Ind as of 23-Feb-2024 16:59 is 43.66.
The latest P/B ratio of Electronics Mart Ind as of 23-Feb-2024 16:59 is 5.90.
The 52-week high of Electronics Mart Ind is ₹244.5 and the 52-week low is ₹61.45.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Electronics Mart Ind is ₹6,119 ( Cr.) .

About Electronics Mart India Ltd

The Company was originally formed as a sole proprietorship under the name of ‘Bajaj Electronics’ at Hyderabad in 1980 and it was converted into a partnership firm under the name of ‘Bajaj Electronics’ (“Bajaj Electronics”) pursuant to partnership deed dated March 25, 2011, and was registered under the Indian Partnership Act, 1932 with the Registrar of Firms, Hyderabad (South) on April 13, 2011. Pursuant to the deed of partnership dated July 31, 2017, constitution of ‘Bajaj Electronics’ was modified to admit new partners and a memorandum acknowledging receipt of documents for change in constitution of partnership was issued by Registrar of Firms, Hyderabad (South), on August 2, 2017. ‘Bajaj Electronics’ was thereafter converted into a public limited company under the Companies Act, 2013 with the name ‘Electronics Mart India Limited’ pursuant to certificate of incorporation issued by Central Registration Centre, Registrar of Companies dated September 10, 2018.

Electronics Mart India is the 4th largest and one of the fastest growing consumer durables and electronics retailers in India and as of Financial Year 2021, it is the largest regional organised player in the southern region in revenue terms with dominance in the states of Telangana and Andhra Pradesh. It commenced its business operations in 1980 and since then there has been a steady rise in its revenue from operations. It has been one of the fastest growing consumer durable & electronics retailers in India with a revenue CAGR of 17.90% from Financial Year 2016 to Financial Year 2021. It has consistently demonstrated profitability with a robust operating performance. It had the second highest operating margin amongst its peers in Fiscal Year 2021. The company has built a longstanding market presence with more than three decades of experience having commenced its business operations as a proprietary concern by setting up its first consumer durable and electronic retail store at Hyderabad. It converted the erstwhile sole proprietorship into a partnership firm under the name of ‘Bajaj Electronics’ pursuant to a partnership deed dated March 25, 2011 and subsequently converted the partnership firm into a public limited company under the Companies Act, 2013 with the name ‘Electronics Mart India Limited’.

Business area of the company

The company offers a diversified range of products with focus on large appliances (air conditioners, televisions, washing machines and refrigerators), mobiles and small appliances, IT and others. Its offering includes more than 6,000 SKUs across product categories from more than 70 consumer durable and electronic brands. Its business model is a mix of ownership and lease rental model, as it focuses to secure retail spaces which ensures high visibility and easy accessibility to customers. Under the ownership model, it owns the underlying property including the land and building and in lease rental model, it enters into a long-term lease arrangement with the property owner(s). As of August 31, 2022, out of the total 112 stores it operate, 11 stores are owned, 93 stores are under long-term lease rental model and eight stores are partly owned and partly leased. It focus on deepening its presence in the regions it operate in before venturing into new markets which has led it to establish brand presence in Telangana and Andhra Pradesh markets.

Awards and Accreditations

  • 2017: Awarded “Outstanding Performer (Air Coolers)” by Voltas.
  • 2018: Awarded “Highest RA Sales (Regional Retail) Award” to Hyderabad branch by Daikin at the Dealer Awards 2018.
  • 2018: Awarded “Certificate of Recognition” by Samsung.
  • 2019: Awarded “Best Business Partner Excellence Award-2019” and “Best Contribution-2019” by VIVO.
  • 2019: Awarded “Highest Sales - Retail Chain” to Hyderabad Branch” by Voltas at the Channel Partner’s Meet 2019.
  • 2019: Awarded “Remarkable Contribution Award” by Oppo at the O-Partner’s Gratitude Meet 2019.
  • 2022: Awarded “Most promising channel partner - Dispensers” by Voltas at the Channel Partner Meet 2020.
  • 2022: Awarded “Highest Sales - Retail Chain” to Hyderabad Branch” by Voltas at the Channel Partner Meet 2020.
  • 2022: Awarded “Certificate of Appreciation” by Pine Labs.
  • 2022: Awarded “Best Sales Performance across categories -2020” by Samsung.
  • 2021: Awarded “Certificate of Recognition” towards Samsung mobile business by Samsung.
  • 2021: Awarded membership of the “President’s Club- 2021” by Samsung.
  • 2021: Awarded with the title of “Diamond 2021” by Oppo Premier Club.
  • 2021: Awarded with the title of “Pride of Telangana - Achiever” in the Retail Category 2021 by Round Table India.
  • 2022: Awarded with the title of “Loans Champion” by Redington and Ingram Micro.
  • 2022: Awarded with the title of “AirPods Champion” by Redington and Ingram Micro.
  • 2022: Awarded with the title of “Mac Champion” by Redington and Ingram Micro.
  • 2022: Awarded “Certificate of Appreciation” for exemplary sales contribution by Samsung.
  • 2022: Awarded “Best Electronics Retail Chain” by Radio City.
  • 2022: Awarded “Best Business Performance Q1-2022” by Samsung.

Major events and milestones

  • 1980: Opened first retail store at Lakdikapool.
  • 2014: The company’s revenue from operations crossed Rs 5000 million.
  • 2016: The company’s revenue from operations crossed Rs 10,000 million.
  • 2017: Forayed into ecommerce space through our website www.bajajelectronics.com.
  • 2018: Opened 50th store in Hyderabad.
  • 2018: The company’s revenue from operations crossed Rs 20,000 million.
  • 2018: The Company was incorporated pursuant to its conversion from a partnership firm into a public limited company.
  • 2019: Expanded its operations beyond our brick-and-mortar stores situated at Andhra Pradesh and Telangana by commencing business operations on E-commerce platform in association with Amazon and PayTm.
  • 2020: The company’s revenue from operations crossed Rs 30,000 million
  • 2021: Opened 100th store in Kurnool, Andhra Pradesh.
  • 2022: The company’s revenue from operations crossed Rs 40,000 million.
  • 2023 Expanded the company’s operations beyond Andhra Pradesh and Telangana by inaugurating its first store in NCR.
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