Fundamental Analysis of Electronics Mart India Ltd

About the Company - Electronics Mart India Ltd

Electronics Mart India Ltd. is a Public Limited Listed company incorporated on 10/09/2018 and has its registered office in the State of Telangana, India. Company’s Corporate Identification Number(CIN) is L52605TG2018PLC126593 and registration number is 126593. Currently company belongs to the Industry of Consumer Electronics. Company’s Total Operating Revenue is Rs. 4349.32 Cr. and Equity Capital is Rs. 300.00 Cr. for the Year ended 31/03/2022.

INDUSTRY	ADDRESS	CONTACT
Consumer Electronics	D. No: 6-1-91, Shop No. 10, Ground Floor, Hyderabad Telangana 500004	communications@bajajelectronics.in http://www.electronicsmartindia.com

Management
Name	Position Held
Mr. Pavan Kumar Bajaj	Chairman & Managing Director
Mr. Karan Bajaj	WholeTime Director & CEO
Mrs. Astha Bajaj	Whole Time Director
Mr. Mirza Ghulam Muhammad Baig	Independent Director
Mr. Anil Rajendra Nath	Independent Director
Mrs. Jyotsna Angara	Independent Director

Basic Stock Data of Electronics Mart India Ltd

Last Updated: July 26, 2024, 10:49 pm

Market Cap	8,661 Cr.
Current Price	225
High / Low	262/102
Stock P/E	47.1
Book Value	35.6
Dividend Yield	0.00 %
ROCE	12.7 %
ROE	14.4 %
Face Value	10.0
PEG Ratio	5.68

Data Source: screener.in

Electronics Mart India Ltd Quarterly Results

Month	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023
Sales	930	1,265	1,231	1,408	1,228	1,482	1,328	1,689	1,313	1,789
Expenses	860	1,188	1,142	1,311	1,152	1,409	1,237	1,559	1,217	1,673
Operating Profit	70	77	89	97	75	73	91	130	97	115
OPM %	8%	6%	7%	7%	6%	5%	7%	8%	7%	6%
Other Income	2	1	1	2	1	3	5	2	2	2
Interest	20	22	23	24	23	25	27	27	23	29
Depreciation	17	18	19	20	21	22	23	25	25	26
Profit before tax	34	37	48	55	32	30	46	81	50	62
Tax %	25%	26%	26%	26%	26%	26%	22%	25%	25%	26%
Net Profit	25	28	35	41	24	22	36	60	37	46
EPS in Rs	0.84	0.92	1.18	1.36	0.80	0.57	0.94	1.57	0.97	1.19

Last Updated: July 11, 2024, 11:33 am

Electronics Mart India Ltd Quarterly Chart

Electronics Mart India Ltd Profit & Loss

Last Updated: July 10, 2024, 4:49 pm

Month	Mar 2020	Mar 2021	Mar 2022	Mar 2023	TTM
Sales	3,172	3,202	4,349	5,446	5,812
Expenses	2,945	2,998	4,057	5,110	5,422
Operating Profit	228	204	292	336	390
OPM %	7%	6%	7%	6%	7%
Other Income	-1	5	4	11	13
Interest	63	72	85	99	102
Depreciation	51	58	71	85	95
Profit before tax	112	80	140	163	207
Tax %	27%	26%	26%	25%
Net Profit	82	59	104	123	156
EPS in Rs	2.72	1.95	3.46	3.19	4.05
Dividend Payout %	0%	0%	0%	0%

Electronics Mart India Ltd Profit & Loss Yearly Chart

Electronics Mart India Ltd Growth

Compounded Sales Growth
10 Years:	%
5 Years:	%
3 Years:	25%
TTM:	15%

Compounded Profit Growth
10 Years:	%
5 Years:	%
3 Years:	46%
TTM:	50%

Stock Price CAGR
10 Years:	%
5 Years:	%
3 Years:	%
1 Year:	111%

Return on Equity
10 Years:	%
5 Years:	%
3 Years:	15%
Last Year:	14%

Last Updated: July 24, 2024, 5:51 pm

Electronics Mart India Ltd Balance Sheet

Last Updated: July 10, 2024, 4:49 pm

Month	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Sep 2023
Equity Capital	300	300	300	385	385
Reserves	133	192	297	800	897
Borrowings	872	968	1,149	1,432	1,104
Other Liabilities	43	64	87	78	99
Total Liabilities	1,348	1,524	1,832	2,694	2,485
Fixed Assets	223	674	785	1,142	1,194
CWIP	351	2	24	14	25
Investments	0	0	0	0	0
Other Assets	774	848	1,023	1,538	1,266
Total Assets	1,348	1,524	1,832	2,694	2,485

Electronics Mart India Ltd Reserves and Borrowings Chart

Electronics Mart India Ltd Cash Flow

Month	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Cash from Operating Activity	36	64	116	-1	160
Cash from Investing Activity	-70	-60	-68	-301	-117
Cash from Financing Activity	71	-56	-49	470	-161
Net Cash Flow	36	-52	-1	169	-118

Electronics Mart India Ltd Financial Efficiency Indicators

Month	Mar 2020	Mar 2021	Mar 2022	Mar 2023
Debtor Days	10	11	10	9
Inventory Days	54	63	60	60
Days Payable	1	1	3	2
Cash Conversion Cycle	63	73	66	67
Working Capital Days	65	81	70	76
ROCE %		11%	14%	12%

Electronics Mart India Ltd Financial Efficiency Indicators Chart

Electronics Mart India Ltd Share Holding Pattern

Month	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Promoters	77.97%	77.97%	77.97%	77.97%	72.97%	72.97%	72.97%
FIIs	2.48%	3.11%	3.38%	3.44%	4.51%	4.99%	5.12%
DIIs	7.51%	9.12%	10.36%	10.92%	15.18%	16.50%	16.73%
Public	12.04%	9.82%	8.28%	7.67%	7.34%	5.54%	5.18%
No. of Shareholders	1,20,467	1,02,049	96,656	89,747	85,851	84,116	85,259

Electronics Mart India Ltd Shareholding Pattern Chart

No. of Electronics Mart India Ltd Shareholders

Electronics Mart India Ltd Mutual Fund Holdings

Fund Name	No of Shares	AUM (%)	Amount Invested (Cr)	Previous Number of Shares	Previous Date	Percentage Change
Motilal Oswal Flexi Cap Fund	12,500,000	2.93	237.81	12,500,000	2024-07-26	0%
Nippon India Flexi Cap Fund	8,357,533	3.28	159	12,500,000	2024-07-26	-33.14%
Nippon India Multi Cap Fund	5,902,561	0.54	112.3	12,500,000	2024-07-26	-52.78%
Nippon India Value Fund	5,246,114	1.77	99.81	12,500,000	2024-07-26	-58.03%
Mirae Asset Great Consumer Fund	3,200,000	2.3	60.88	12,500,000	2024-07-26	-74.4%
Mirae Asset Midcap Fund	2,596,171	0.42	49.39	12,500,000	2024-07-26	-79.23%
Union Small Cap Fund	2,121,978	3.55	40.37	12,500,000	2024-07-26	-83.02%
Mirae Asset Hybrid Equity Fund	2,102,259	0.53	40	12,500,000	2024-07-26	-83.18%
HSBC Small Cap Fund - Regular Plan	2,000,000	0.33	38.05	12,500,000	2024-07-26	-84%
Mahindra Manulife Small Cap Fund	1,831,722	1.56	34.85	12,500,000	2024-07-26	-85.35%

Electronics Mart India Ltd ROCE Trend

Electronics Mart India Ltd EPS Trend

Electronics Mart India Ltd Key Financial Ratios

Month	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20
FaceValue	10.00	10.00	10.00	10.00	10.00
Basic EPS (Rs.)	4.78	3.63	3.46	1.95	2.72
Diluted EPS (Rs.)	4.78	3.63	3.46	1.95	2.72
Cash EPS (Rs.)	7.53	5.41	5.84	3.89	4.41
Book Value[Excl.RevalReserv]/Share (Rs.)	35.60	30.78	19.88	16.40	14.44
Book Value[Incl.RevalReserv]/Share (Rs.)	35.60	30.78	19.88	16.40	14.44
Revenue From Operations / Share (Rs.)	163.36	141.54	144.97	106.73	105.75
PBDIT / Share (Rs.)	11.94	9.02	9.86	6.98	7.80
PBIT / Share (Rs.)	9.20	6.80	7.48	5.04	6.11
PBT / Share (Rs.)	6.40	4.24	4.66	2.65	3.74
Net Profit / Share (Rs.)	4.78	3.19	3.46	1.95	2.72
NP After MI And SOA / Share (Rs.)	4.78	3.19	3.46	1.95	2.72
PBDIT Margin (%)	7.31	6.37	6.79	6.53	7.38
PBIT Margin (%)	5.62	4.80	5.15	4.72	5.78
PBT Margin (%)	3.91	2.99	3.21	2.48	3.53
Net Profit Margin (%)	2.92	2.25	2.38	1.83	2.57
NP After MI And SOA Margin (%)	2.92	2.25	2.38	1.83	2.57
Return on Networth / Equity (%)	13.43	10.36	17.41	11.91	18.84
Return on Capital Employeed (%)	15.53	13.40	19.07	15.79	21.99
Return On Assets (%)	6.01	4.55	5.69	3.84	6.05
Long Term Debt / Equity (X)	0.07	0.08	0.09	0.12	0.14
Total Debt / Equity (X)	0.52	0.61	0.99	1.11	1.20
Asset Turnover Ratio (%)	2.19	2.41	2.60	2.23	0.00
Current Ratio (X)	1.97	1.90	1.46	1.42	1.40
Quick Ratio (X)	0.73	0.85	0.51	0.56	0.62
Interest Coverage Ratio (X)	4.27	3.52	3.49	2.92	3.70
Interest Coverage Ratio (Post Tax) (X)	2.71	2.25	2.23	1.82	2.41
Enterprise Value (Cr.)	7999.12	3078.28	0.00	0.00	0.00
EV / Net Operating Revenue (X)	1.27	0.56	0.00	0.00	0.00
EV / EBITDA (X)	17.41	8.87	0.00	0.00	0.00
MarketCap / Net Operating Revenue (X)	1.17	0.46	0.00	0.00	0.00
Price / BV (X)	5.38	2.16	0.00	0.00	0.00
Price / Net Operating Revenue (X)	1.17	0.46	0.00	0.00	0.00
EarningsYield	0.02	0.04	0.00	0.00	0.00

Electronics Mart India Ltd Profitability Ratios (%)

Electronics Mart India Ltd Liquidity Ratios

Electronics Mart India Ltd Liquidity Ratios (%)

Electronics Mart India Ltd Interest Coverage Ratios (%)

Electronics Mart India Ltd Valuation Ratios

Fair Value

Fair Value: 246.28

Calculation basis:

Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

Undervalued: 9.46% compared to the current price 225

Intrinsic Value: 266.69

Calculation basis:

Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Undervalued: 18.53% compared to the current price 225

Last 5 Year EPS CAGR: 8.29%

*Investments are subject to market risks

Strength and Weakness of Electronics Mart India Ltd Stock

Strength	Weakness
The company has shown consistent growth in sales (4.00 cr) and profit (140.40 cr) over the years.	The stock has a low average ROCE of 9.25%, which may not be favorable. The stock has a high average Working Capital Days of 73.00, which may not be favorable. The stock has a high average Cash Conversion Cycle of 67.25, which may not be favorable. The company has higher borrowings (1,198.20) compared to reserves (481.40), which may suggest financial risk.

FAQ

What is the latest fair value of Electronics Mart India Ltd?

The latest fair value of Electronics Mart India Ltd is ₹246.28.

What is the Market Cap of Electronics Mart India Ltd?

The Market Cap of Electronics Mart India Ltd is 8,661 Cr..

What is the current Stock Price of Electronics Mart India Ltd as on 27 July 2024?

The current stock price of Electronics Mart India Ltd as on 27 July 2024 is 225.

What is the High / Low of Electronics Mart India Ltd stocks in FY 2024?

In FY 2024, the High / Low of Electronics Mart India Ltd stocks is 262/102.

What is the Stock P/E of Electronics Mart India Ltd?

The Stock P/E of Electronics Mart India Ltd is 47.1.

What is the Book Value of Electronics Mart India Ltd?

The Book Value of Electronics Mart India Ltd is 35.6.

What is the Dividend Yield of Electronics Mart India Ltd?

The Dividend Yield of Electronics Mart India Ltd is 0.00 %.

What is the ROCE of Electronics Mart India Ltd?

The ROCE of Electronics Mart India Ltd is 12.7 %.

What is the ROE of Electronics Mart India Ltd?

The ROE of Electronics Mart India Ltd is 14.4 %.

What is the Face Value of Electronics Mart India Ltd?

The Face Value of Electronics Mart India Ltd is 10.0.