TickerSutra

NSE: EMIL · BSE: 543626 · ISIN INE02YR01019

Electronics Mart India Limited stock analysis

Electronics Mart India Limited ranks #1437 in the TickerSutra evidence-ranked universe with a score of 53/100 and 89% data confidence. The latest captured fundamentals show ROCE of 8.2%, quarterly sales growth of 39.1% and quarterly profit growth of 351.3%.
Complete evidence gate pass governance reviewUpdated 29 Sept 2026
TICKERSUTRA SCORE53/100

Monitor only

#1437 of 5,430 ranked equities
Market capitalisation₹7,162.72cr
ROCE8.2%
Quarterly sales growth39.1%
Quarterly profit growth351.3%
P/E ratio36.5×
Promoter pledge0.0%

INVESTMENT EVIDENCE

What supports—and challenges—the thesis

Evidence in favour

  • Strong CFO/EBITDA of 1.01×
  • Institutional ownership is rising
  • CWIP indicates an active capacity pipeline
  • No promoter shares are reported as pledged

Risks and constraints

  • Debt/equity is above 0.5×
  • Extreme base-effect growth requires manual validation

Still unresolved: Related-party exposure · Broad media sentiment

FINANCIAL TRAJECTORY

Recent operating history

PeriodRevenueOperating profitNet profitOperating margin
2022₹4,349cr₹292cr₹104cr7.0%
2023₹5,446cr₹336cr₹123cr6.0%
2024₹6,285cr₹449cr₹184cr7.0%
2025₹6,731cr₹452cr₹160cr7.0%
2026₹7,183cr₹438cr₹107cr6.0%
TTM₹7,863cr₹568cr₹206cr7.0%
Debt / equity1.23×
CFO / EBITDA1.01×
Operating margin7.0%
Free cash flow₹310cr
Sales CAGR · 3Y9.7%
Profit CAGR · 3Y-4.5%

EXCHANGE EVENT TRIGGERS

Latest corporate disclosures

1 positive catalysts0 negative catalysts9 routine filings

MANAGEMENT COMMENTARY

Signals from filed documents

Margin expansionHigh severity · 5 mentions
Positive catalyst

Gross profit increased to INR 417 crores from INR 253 crores of Q1 FY26, reflecting a strong 65% growth. Gross margins expanded significantly to 17.2% compared to 14.6% in the corresponding quarter of last year. EBITDA stood at INR 239 crores compared to INR110 crores in Q1 FY26, delivering an impressive 118% growth.

Working capital stretchHigh severity · 1 mention
Risk easing

For the remainder of FY27, our priorities remain clear and unchanged. First, working capital efficiencies, we will continue to tighten our inventory and cash conversion cycle to better demand forecasting and technology-led replenishment. We will deepen our presence in existing clusters, including the North and our upcoming entry into the West Bengal, while being selective about where and how fast we grow.

Pricing commentaryModerate severity · 7 mentions
Constructive

And second, I just want to understand, suppose if the prices are going up, so one thing is we will always ensure that the gross margin level we probably try to maintain or improve. Manoj Gori: Because that will affect your return profile also positively, because your incremental investments will be only to the extent of cost of goods or probably to the extent of price increases, but the rest of the investment being s

Market share gainModerate severity · 4 mentions
Positive catalyst

So those places actually outperform in terms of large appliance product category sales. Second, you mentioned that we have gained market shares, right, across certain pockets. Any quantifiable number you have, like how much of market share gains would have happened for us at least in core geographies?

Management confidenceLow severity · 1 mention
Watch

Some of them tried, even the bigger ones have tried, but they've all shut stores. So we don't want to rush into it until and unless we are confident. And then we're definitely open in discussing it.

HOW TO READ THIS PAGE

Evidence, freshness and limitations

What does the TickerSutra score mean?

The score ranks captured evidence across financial quality, growth, moat and margins, regulatory catalysts, governance, institutional trend and valuation comfort. It is a research-prioritization tool—not a buy recommendation or price target.

Which sources support this page?

Financial history, ownership and pledge data, NSE and BSE filings, annual reports and available earnings-call transcripts are combined here. Use the source trail and original exchange document before relying on a decision-critical fact.

Why can an item be unresolved?

Unresolved means the current captured source window did not provide enough evidence for that check. It does not establish that a risk or relationship is absent.

Maintained by TickerSutra Research · Snapshot updated 29 Sept 2026 · Read the methodology · Read the disclaimer

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