Electronics Mart India Q1 FY27 Share Price & Earnings Call Analysis
- Market cap
- ₹5,832 Cr
- P/E
- 29.74
- ROE
- 6.24%
- PEG
- -4.13
- Price to sales
- 0.73
- Debt to equity
- 1.23
- 52W high / low
- ₹212 / ₹85.6
- Sales growth (5Y)
- 17.54%
- EBITDA margin
- 7.22%
- Net profit margin
- 1.37%
- Promoter holding
- 65.17%
- Sales (last year)
- ₹7,863 Cr
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]
Guidance scorecard · Q1 FY27 call
What Electronics Mart India Ltd's management guided
and where it ranks in Retailing
Retailing
RevenueQ1 FY27 call
10–20%- Targeting 18% to 20% revenue growth for FY27, seen as comfortably achievable.
- Q4 FY27 expected to also perform well, potentially exceeding 20% growth if market conditions support.
- Expansion focused on selective store openings: 25-30 new stores planned annually, including 30 stores in West Bengal over 18-24 months.
- NCR market: planning to open 8-10 stores in FY27 with long-term growth strategy.
- South cluster showing strong growth, with Andhra Pradesh revenue up 62% YoY and Telangana up-country growing 48%.
- Mature stores operate at 11.2% EBITDA margin; non-mature stores improving margins at 8.1%, indicating embedded growth potential.
2 more points from Electronics Mart India Ltd's call on revenue
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MarginsQ1 FY27 call
Up 0–2%See what Electronics Mart India Ltd said on margins — free account, 30 seconds.
CapexQ1 FY27 call
Planned- The company plans to open around 25-30 new stores in existing geographies and West Bengal, with a capex of approximately INR 100 crore for these stores.
- Additionally, around INR 50 crore will be invested in buying about 11 properties in Kolkata over the next two years, with transactions expected in FY28 depending on readiness.
- Total capital outflow includes store openings and property acquisitions primarily in Kolkata.
- All these expansions and capex will be funded through internal accruals; no external debt is being raised.
- The company is conservative with store expansion, focusing on profitable and sustainable growth rather than rapid aggressive expansion.
2 more points from Electronics Mart India Ltd's call on capex
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FundraisingQ1 FY27 call
None plannedSee what Electronics Mart India Ltd said on fundraising — free account, 30 seconds.
Order bookQ1 FY27 call
Ask what Electronics Mart India Ltd said on the order book →
Full Q1 FY27 analysisRanges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.
Potential multibaggers · Q2 FY27
Potential multibaggers in Retailing
on management's own guidance
- Strong growth2
- Strong growth1
- Entero Healthcare Solutions LtdGood growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Peers
Retailing companies ranked on guidance
| # | Company | Revenue guided | Margin guided | Market cap | P/E |
|---|---|---|---|---|---|
| 1 | 40%+ | Flat | ₹6,264 Cr | 38.2 | |
| 2 | 40%+ | Flat | ₹6,053 Cr | 53.9 | |
| 3 | Entero Healthcare Solutions Ltd | 20–40% | Up 0–2% | ₹6,899 Cr | 53.5 |
| 4 | 20–40% | Up 0–2% | ₹790 Cr | 19.0 | |
| 5 | 20–40% | Flat | ₹3.14L Cr | 725.0 | |
| 6 | 20–40% | Flat | ₹1.12L Cr | 170.8 |
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Pro shows every company guiding 40%+ revenue growth →Full Retailing rankingFinancials of Electronics Mart India Ltd
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Electronics Mart India Ltd
Quarterly Results
Quarter-by-quarter operating performance
| Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 1,328 | 1,684 | 1,313 | 1,775 | 1,524 | 1,927 | 1,335 | 1,805 | 1,664 | 1,739 | 1,591 | 1,940 | 1,913 |
| Expenses + | 1,237 | 1,554 | 1,217 | 1,659 | 1,417 | 1,767 | 1,253 | 1,703 | 1,557 | 1,629 | 1,509 | 1,821 | 1,785 |
| Operating Profit | 91 | 130 | 97 | 115 | 108 | 160 | 82 | 102 | 107 | 110 | 82 | 118 | 129 |
| OPM % | 7% | 8% | 7% | 6% | 7% | 8% | 6% | 6% | 6% | 6% | 5% | 6% | 7% |
| Other Income + | 5 | 2 | 2 | 2 | 3 | 2 | 2 | 2 | 2 | -7 | 17 | -0 | 6 |
| Interest | 27 | 27 | 23 | 29 | 28 | 29 | 22 | 30 | 36 | 37 | 39 | 38 | 40 |
| Depreciation | 23 | 25 | 25 | 26 | 29 | 30 | 31 | 30 | 35 | 37 | 38 | 40 | 41 |
| Profit before tax | 46 | 81 | 50 | 62 | 53 | 103 | 31 | 44 | 38 | 29 | 22 | 39 | 53 |
| Tax % | 22% | 25% | 25% | 26% | 24% | 25% | 25% | 24% | 29% | 25% | 25% | 25% | 26% |
| Net Profit + | 36 | 60 | 37 | 46 | 41 | 77 | 23 | 34 | 27 | 22 | 16 | 30 | 40 |
| EPS in Rs | 0.94 | 1.57 | 0.97 | 1.19 | 1.05 | 2.00 | 0.61 | 0.87 | 0.69 | 0.56 | 0.42 | 0.77 | 1.03 |
Financials of Electronics Mart India Ltd
Profit & Loss
Annual income statement trend
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Sales + | 3,172 | 3,202 | 4,349 | 5,446 | 6,285 | 6,965 | 7,183 |
| Expenses + | 2,945 | 2,998 | 4,057 | 5,110 | 5,836 | 6,514 | 6,745 |
| Operating Profit | 228 | 204 | 292 | 336 | 449 | 451 | 438 |
| OPM % | 7% | 6% | 7% | 6% | 7% | 6% | 6% |
| Other Income + | -1 | 5 | 4 | 11 | 10 | 8 | 15 |
| Interest | 63 | 72 | 85 | 99 | 108 | 118 | 154 |
| Depreciation | 51 | 58 | 71 | 85 | 106 | 127 | 156 |
| Profit before tax | 112 | 80 | 140 | 163 | 246 | 215 | 143 |
| Tax % | 27% | 26% | 26% | 25% | 25% | 26% | 25% |
| Net Profit + | 82 | 59 | 104 | 123 | 184 | 160 | 107 |
| EPS in Rs | 2.72 | 1.95 | 3.46 | 3.19 | 4.78 | 4.16 | 2.78 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Financials of Electronics Mart India Ltd
Balance Sheet
Capital structure and asset base
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 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 |
Financials of Electronics Mart India Ltd
Cash Flows
Operating, investing and financing cash movement
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 36 | 64 | 116 | -1 | 160 | 176 | 444 |
| Cash from Investing Activity + | -70 | -60 | -68 | -301 | -117 | -332 | -125 |
| Cash from Financing Activity + | 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% |
Financials of Electronics Mart India Ltd
Ratios
Working capital efficiency and return ratios
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 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% |
Guidance history
How Electronics Mart India Ltd's guidance has moved, call by call
| Call | Revenue | Margins | Capex | Fundraising | Order book |
|---|---|---|---|---|---|
| Q1 FY27 call → | 10–20% | Up 0–2% | Planned | None planned | — |
| Q3 FY26 call → | 10–20% | Flat | Planned | — | — |
| Q2 FY26 call → | 10–20% | Flat | Planned | — | Rising |
What management guided on each call, newest first. Not investment advice, and not a forecast of returns.
Momentum score · price trend
36 out of 100 — Cooling
Over the past year its share price has done worse than most of the stocks we track.
| Period | Share price change | Better than … of 1,910 stocks |
|---|---|---|
| Last 12 months | +0.3% | 61% |
| Last 6 months | +22.0% | 77% |
| Last 3 months | +16.6% | 86% |
The price is 36.8% below its all-time high of ₹240.19 (14 Jun 2024). Stocks more than 20% below their peak have their score halved, so 73 became 36.
How we calculate it
“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).
The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For Electronics Mart India Ltd: 0.4 × 61 + 0.4 × 77 + 0.2 × 86 = 73, halved to 36 because the price is more than 20% below its all-time high.
Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.
Full methodology →This describes only how the share price has moved up to 30 Oct 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.
Continue your research
What Electronics Mart India Ltd's management said in earlier quarters
- Q1 FY27 earnings call analysis →
- Q2 FY26 earnings call analysis →
- Q3 FY26 earnings call analysis →
- Q3 FY25 earnings call analysis →
- Q1 FY26 earnings call →
- Q4 FY25 earnings call →
- Q2 FY25 earnings call →
- Q1 FY25 earnings call →
- Q4 FY24 earnings call →
- Q3 FY24 earnings call →
- Q2 FY24 earnings call →
- Q1 FY24 earnings call →
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