Electronics Mart India Limited (EMIL)

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Electronics Mart India Limited (EMIL) · mywealthgrid

About

Electronics Mart India Limited operates diversified electronics retail within Consumer Discretionary sector. Market cap ₹7,287.76 Cr and recent quarterly revenues ₹1,590–2,418 Cr across quarters. Mid-sized player in India's fragmented electronics retail market.

Face value: ₹10

Market cap

₹7,850 Cr

P/E

38.1×

P/B

4.8×

Dividend yield

ROE

6.8%

ROCE

10.5%

Debt / equity

0.55

OPM

6.1%

EPS (TTM)

₹5.4

Book value

₹42.3

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

Thin margins: OPM 6.1% limits pricing power and shock absorption; Jun 2026's 9.88% OPM requires verification as structural or one-time spike.
Valuation risk: P/E 35.35 vs. ROE 6.79% signals market pricing growth premium; material downside if earnings miss or multiples compress.
Consumer cyclicality: Discretionary spending tracks credit cycles and disposable income. Verify whether recent sales growth (₹1,590–2,418 Cr across quarters) reflects cyclical recovery or structural demand shift.
Competition intensity: Electronics retail fragmented between online marketplaces, direct-to-consumer brands, and organized players. Verify EMIL's competitive differentiation and online penetration.

Generated analysis · source review pending

Growth drivers

Revenue trajectory: Jun 2026 quarter ₹2,418.95 Cr above all prior quarters (₹1,590–1,939 Cr Sep 2025–Mar 2026). Verify if acceleration sustained or seasonal peak.
Margin expansion: OPM rose 5.13% (Sep 2025) to 9.88% (Jun 2026). If cost control sustains gains as revenue scales, profit growth will exceed revenue growth.
EPS growth: Jun 2026 EPS ₹3.14 vs. Sep 2025 EPS ₹0.42 (7.5× increase). Verify drivers—revenue, margin, tax, one-time items—and sustainability.
Debt headroom: D/E 0.55 enables capex for store expansion. Verify management's capital allocation and growth capex pipeline.

Generated analysis · source review pending

974 historical price candles were omitted because the exchange source has not been verified.

₹204.1+6.4%1Y

Quick read

rule-based

Pros

+High promoter holding of 65.2% with no pledge

Cons

−Low return on equity of 10.7% (3-yr avg)
−Thin operating margin of 6.1%
−Profit declined 4.4% a year over the last 3 years
−Modest revenue growth of 9.7% a year over the last 3 years
−Weak interest coverage of 1.9×

Research score

Structured signal from quality, growth, valuation and momentum.

43/100

Business quality: 22
Growth: 60
Valuation

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Part ofNIFTY MICROCAP 250 NIFTY TOTAL MARKET

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Consolidated Standalone

Consolidated figures · ₹ crore

₹ Cr	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	5,446	6,285	6,965	7,183
COGS	4,705	5,371	5,968	6,146
Gross profit	741	915	997	1,037
	405	465	546	599
	336	449	451	438
OPM %	6.2%	7.2%	6.5%	6.1%
Depreciation	85	106	127	156
Interest	99	108	118	154
	11	10	9	15
Profit before tax	163	246	215	143
Tax	40	62	55	36
Tax %	24.8%	25.3%	25.7%	25.3%
	123	184	160	107
PAT margin %	2.3%	2.9%	2.3%	1.5%
EPS (₹)	3.6	4.8	4.2	2.8
EPS adjusted (₹)	3.2	4.8	4.2	2.8
Annual report	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025	—

₹ Cr	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	300	385	385	385	385
Reserves	—	800	985	1,146	1,241
	—	727	713	984	891
	—	780	977	1,182	1,280
Total equity & liabilities	—	2,692	3,059	3,697	3,797
	785	510	604	908	996
CWIP	—	14	45	30	19
Investments	—	0	0	0	0
	—	2,168	2,410	2,759	2,782
Total assets	—	2,692	3,059	3,697	3,797

₹ Cr	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	116	6	160	176	444
	-68	-307	-117	-332	-125
	-49	470	-161	101	-299
Net cash flow	-1	169	-118	-55	19
Free cash flow	55	-238	-2	-148	320
CFO / Operating profit %	—	1.8%	35.6%	39%	101.3%

Compounded sales growth

7 years: —
5 years: —
3 years: 10%
1 year: 3%

Compounded profit growth

7 years: —
5 years: —
3 years: -4%
1 year: -33%

Return on equity

7 years: —
5 years: —
3 years: 10%
Last year: 7%

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Ratios

Annual operating, return, leverage and working-capital ratios.

Consolidated Standalone

Consolidated figures

Ratio	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	13.6%	14.6%	14.3%	14.4%
EBITDA margin %	6.2%	7.2%	6.5%	6.1%
EBIT margin %	4.6%	5.5%	4.6%	3.9%
PAT margin %	2.3%	2.9%	2.3%	1.5%
Working capital
Receivable days	9	11	9	3
Inventory days	60	66	76	74
Payable days	2	3	6	4
NWC days	67	73	79	73
Leverage
Current ratio	1.9	1.97	1.71	1.82
Debt to EBITDA	2.16	1.59	2.18	2.03
Debt to equity	0.61	0.52	0.64	0.55
Interest coverage	2.7	3.3	2.8	1.9
Asset turnover	2.02	2.05	1.88	1.89
Return ratios
Return on assets %	4.6%	6%	4.3%	2.8%
Return on capital employed %	13.4%	16.7%	13.5%	10.5%
Return on equity %	10.4%	13.4%	10.5%	6.6%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	72.97%	72.97%	72.97%	72.97%	65.17%	65.17%	65.17%	65.17%	65.17%	65.17%	65.17%	65.17%
	4.51%	4.99%	5.12%	4.95%	8.8%	9.23%	8.68%	7.18%	6.86%	6.14%	5.19%	4.77%
	15.18%	16.5%	16.74%	16.95%	18.92%	17.96%	18.54%	17.22%	17.9%	18.93%	20.08%	20.89%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	7.34%	5.54%	5.17%	5.13%	7.11%	7.64%	7.61%	10.43%	10.07%	9.76%	9.56%	9.17%
No. of shareholders	—	—	—	—	—	—	—	—	1,17,362	1,12,825	1,09,259	1,04,678

Promoter holding down 7.8 percentage points since Sep 2023.

45 deals · 17 Oct 2022 – 12 Aug 2026

Date	Client	Type	Venue	Side	Quantity	Price	Value
12 Aug 2026	RAMDOOT REALTORS PVT LTD	Bulk	NSE	Buy	37,54,241	₹190.67	₹71.58 Cr
12 Aug 2026	RAMDOOT REALTORS PVT LTD	Bulk	NSE	Sell	37,54,241	₹191.40	₹71.86 Cr
11 Aug 2026	RAMDOOT REALTORS PVT LTD	Bulk	NSE	Sell	22,56,830	₹185.05	₹41.76 Cr
11 Aug 2026	RAMDOOT REALTORS PVT LTD	Bulk	NSE	Buy	22,49,330	₹185.16	₹41.65 Cr
11 Aug 2026	QE SECURITIES LLP	Bulk	NSE	Sell	20,21,344	₹184.61	₹37.32 Cr
11 Aug 2026	QE SECURITIES LLP	Bulk	NSE	Buy	18,74,716	₹184.83	₹34.65 Cr
10 Aug 2026	MICROCURVES TRADING PRIVATE LIMITED	Bulk	NSE	Sell	65,04,667	₹183.26	₹119.20 Cr
10 Aug 2026	MICROCURVES TRADING PRIVATE LIMITED	Bulk	NSE	Buy	65,04,667	₹183.16	₹119.14 Cr
10 Aug 2026	QE SECURITIES LLP	Bulk	NSE	Buy	41,83,784	₹183.25	₹76.67 Cr
10 Aug 2026	QE SECURITIES LLP	Bulk	NSE	Sell	41,31,564	₹182.71	₹75.49 Cr

1–10 of 45

1 / 5

Mr. Pavan Kumar BajajExecutive Director-Chairperson related to Promoter-MD
Mr. Karan BajajExecutive Director-CEO
Mrs. Astha BajajExecutive Director
Mrs. Jyotsna AngaraNon-Executive - Independent Director
Mr. Mirza Ghulam Muhammad BaigNon-Executive - Independent Director
Mr. Gurdeep SinghNon-Executive - Independent Director
Rajiv KumarCompany Secretary & Compliance Officer

Current officeholders as filed with BSE. A person holding two offices is listed once per office.

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F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

Portfolio month

Schemes holding

across 6 fund houses

Held by these funds

9.59%

of the company's equity

All mutual funds

20.67%

shareholding pattern, Jun 2026

Portfolios as of

August 2026

compared with July 2026

8 schemes · 6 fund houses

		Shares
Smallcap Fund	SBI Mutual Fund	2.01 Cr	363.03	0.85%	5.225%	-0
Franklin India Small Cap Fund (Formerly known as Franklin India Smaller Companies Fund) ^	Franklin Templeton Mutual Fund	95.78 L	172.99	1.17%	2.49%	-0
MultiCap Fund	SBI Mutual Fund	65 L	117.4	0.48%	1.69%	-0
(Investment Manager for Motilal Oswal Mutual Fund)	Motilal Oswal Mutual Fund	3.5 L	6.31	0.25%	0.091%	-7,652
Small Cap Fund	Quantum Mutual Fund	2.89 L	5.23	1.97%	0.075%	-0
SMALL CAP FUNDNEW	Samco Mutual Fund	69,812	1.26	0.64%	0.018%	—
IB18-Groww Nifty Total Market Index Fund	Groww Mutual Fund	2,392	0.04	0.01%	0.001%	+11
(Investment Manager for Motilal Oswal Mutual Fund)	Motilal Oswal Mutual Fund	399	0.01	0.01%	0%	-0

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

Annual reports

Credit ratings

Electronics Mart India Limited has informed the exchange regarding the credit rating awarded by Indian Research & Ratings.11 Dec 2025

Investor Presentation and earnings call

Aug 2026Transcript AI Summary PPT REC
May 2026Transcript AI Summary PPT

Documents link to external sources (exchange filings, company investor pages).

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Events

Upcoming dates and the company’s corporate-action history.

1

Board meeting to consider results7 Aug 2026

1

Earnings call7 Aug 2026call

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

24 announcementsExport CSV

30 Sept 2026, 5:26 pmInsider Trading / SAST

Closure of Trading Window

Closure of Trading Window PDF

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Ratio	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	13.6%	14.6%	14.3%	14.4%
EBITDA margin %	6.2%	7.2%	6.5%	6.1%
EBIT margin %	4.6%	5.5%	4.6%	3.9%
PAT margin %	2.3%	2.9%	2.3%	1.5%
Working capital
Receivable days	9	11	9	3
Inventory days	60	66	76	74
Payable days	2	3	6	4
NWC days	67	73	79	73
Leverage
Current ratio	1.9	1.97	1.71	1.82
Debt to EBITDA	2.16	1.59	2.18	2.03
Debt to equity	0.61	0.52	0.64	0.55
Interest coverage	2.7	3.3	2.8	1.9
Asset turnover	2.02	2.05	1.88	1.89
Return ratios
Return on assets %	4.6%	6%	4.3%	2.8%
Return on capital employed %	13.4%	16.7%	13.5%	10.5%
Return on equity %	10.4%	13.4%	10.5%	6.6%

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Vishal Mega Mart LimitedVMMVMM	₹46,609 Cr	₹46,609 Cr	₹13,493 Cr	₹1,969 Cr	14.6%	₹892 Cr	6.5%	15.7%	12.1%	17
Electronics Mart India LimitedEMILEMIL	₹7,850 Cr	₹8,741 Cr	₹7,863 Cr	₹568 Cr	6.1%	₹206 Cr	1.5%	10.5%	6.8%	73
V-Mart Retail LimitedVMARTVMART	₹5,931 Cr	₹6,032 Cr	₹3,993 Cr	₹548 Cr	13.6%	₹138 Cr	3.3%	16.2%	14.1%	73
Shoppers Stop LimitedSHOPERSTOPSHOPERSTOP	₹4,456 Cr	₹4,692 Cr	₹5,174 Cr	₹760 Cr	14.8%	₹-35 Cr	-0.7%	8.3%	-11.8%	-37
Patel Retail LimitedPATELRMARTPATELRMART	₹705 Cr	₹828 Cr	₹1,175 Cr	₹76 Cr	6.9%	₹42 Cr	3.7%	15.8%	10.7%	128
Spencer's Retail LimitedSPENCERSSPENCERS	₹236 Cr	₹1,471 Cr	₹1,854 Cr	₹4 Cr	-0.6%	₹-248 Cr	-13.9%	-31.2%	—	-24
Jay Ambe Supermarkets LtdCITYSQUARECITYSQUARE	₹110 Cr	—	₹72 Cr	₹10 Cr	14.5%	₹5 Cr	6.8%	—	—	—
Aditya Consumer Marketing LtdACMLACML	₹51 Cr	—	₹91 Cr	₹-1 Cr	-1.2%	₹-2 Cr	-2.3%	—	—	—
Jhs Svendgaard Retail Ventures LimitedRETAILRETAIL	₹29 Cr	₹30 Cr	₹17 Cr	₹-3 Cr	-14.3%	₹-0 Cr	-2.4%	2.6%	-1.2%	29
Shanti Guru Industries LtdSHANTIGURUSHANTIGURU	₹11 Cr	₹11 Cr	₹0 Cr	₹-1 Cr	-443.5%	₹11 Cr	—	67.2%	58.2%	-683
Future Consumer LimitedFCONSUMERFCONSUMER	—	—	₹450 Cr	₹-21 Cr	-1.9%	₹-49 Cr	-10.3%	—	—	-46
Future Lifestyle Fashions LimitedFLFLFLFL	—	—	₹2,313 Cr	₹-548 Cr	-19.2%	₹-2,135 Cr	-85.1%	-126.7%	—	-160

Date	Category	Subject	Filing
30 Sept 2026, 5:26 pm	Insider Trading / SAST Closure of Trading Window	Closure of Trading Window	PDF
21 Sept 2026, 5:15 pm	Company Update General	Electronics Mart India Ltd - 543626 - Commencement Of Commercial Operations	PDF
9 Sept 2026, 5:26 pm	Company Update General	Letter To Members	PDF
4 Sept 2026, 6:13 pm	Company Update Analyst / Investor Meet	Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation	PDF
3 Sept 2026, 6:57 pm	Company Update Analyst / Investor Meet	Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation	PDF
2 Sept 2026, 3:40 pm	Company Update Newspaper Publication	Announcement under Regulation 30 (LODR)-Newspaper Publication	PDF
1 Sept 2026, 6:54 pm	Others Business Responsibility and Sustainability Reporting (BRSR)	Business Responsibility and Sustainability Reporting (BRSR)	PDF
1 Sept 2026, 6:51 pm	Others Reg. 34 (1) Annual Report	Reg. 34 (1) Annual Report.	PDF

Electronics Mart India Limited