Anand Rathi Securities Limited (Past IPO Performance)
IIFL Securities Ltd (Past IPO Performance)
JM Financial Consultants Private Limited (Past IPO Performance)
Electronics Mart India Limited was incorporated in 1980 as a proprietary concern with a consumer durable and electronics store in Hyderabad. EMIL is the 4th largest and one of the fastest-growing consumer durables and electronics retailers in India. It is a multi-brand consumer durable and electronics retailer dealing in home entertainment, mobiles, laptop, home appliances, camera, kitchen appliances, and personal care. Their offering includes more than 6,000 SKUs across product categories from more than 70 consumer durable and electronic brands.
As of August 31, 2022, out of the total 112 stores, which are across 36 cities/urban agglomerates with a retail business area of 1.12 msf., 11 stores are owned and operated by EMIL, 93 stores are under long-term lease rental model and 8 stores are partly owned and partly leased.
For year/ period ended ( in Cr.)
|Profit After Tax||103.89||58.62||81.61|
It is the 4th largest retailer in consumer durables and electronics with south-centric play. Based on FY23 annualized earnings, the issue appears fully priced. Cash surplus investors may consider an investment with a long-term perspective.