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Electronics Mart India Limited (EMIL) Fair Value & Analysis

Consumer Cyclical · IN · Market cap ₹45.6B

EM Electronics Mart India Limited EMIL · NSE
Price₹193.61
Fair Value₹61.26
Upside-68.4%
Quality47/100
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Healthy Growth
Thin margins · 1.5% net margin
Low debt · generates free cash flow
Trails peers (5/13)
Narrow moat 32/100
Evidence: High Range ₹45.95 – ₹76.58 Share as image

Fair value as of: Aug 2, 2026

From 24 valuation models · updated 11 days ago

Fair value updated Aug 2, 2026, revised from ₹76.58 to ₹61.26 (−20.0%) since Jun 29, 2026. Share price +46.9% over the past month.

Below-average quality, and screening another 68% overvalued on our models.

What matters now

  • The price sits above even our optimistic bull case (₹76.58). The favourable scenario is already priced in.
  • Solid but not exceptional quality (47/100) and above fair value, neither a clear bargain nor a standout compounder.
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Price vs Fair Value (4 years)

₹242.75 ₹63.15 Fair Value ₹61.26 Oct 2022 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 2, 2026.

How to read this chart

46‑month range ₹63.15 – ₹242.75 · fair‑value band ₹45.95 – ₹76.58 · the ₹193.61 price screens above the ₹61.26 fair value. Dashed = 300-day average. As of Aug 2, 2026.

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Analysis

Electronics Mart India Limited (EMIL) currently trades at ₹193.61, while our model-based Fair Value estimate is ₹61.26, implying the stock looks roughly 68.4% overvalued today. The Quality Score stands at 47/100 (below-average quality), in the Consumer Cyclical sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: high).

Over the trailing twelve months, Electronics Mart India Limited generated revenue of ₹71.8B at a net margin of 1.5%. Revenue grew 11.3% year over year. It earns a return on equity of 6.8%. Net debt stands at ₹19.5B. Fundamentals as of Aug 2, 2026

Our scenario range runs from ₹45.95 (bear case) to ₹76.58 (bull case); at ₹193.61, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades near its 52-week high and 128% above its 52-week low, currently above its 200-day average. For context, the median of 10 Consumer Cyclical peers we cover trades at -24% fair-value upside, at -68%, EMIL screens richer than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model Bear Bear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull Bull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. Evidence
Highest evidence
Growth DCF ₹51.88 ₹96.14 ₹172.65 80
Rev-Margin DCF ₹59.45 ₹111.35 ₹179.86 74
ROIC Compounder ₹63.75 ₹89.89 ₹124.54 72
All 24 models by family
DCF Models
FCF DCF ₹52.60 ₹101.72 ₹189.54 38
Owner Earnings ₹44.22 ₹86.04 ₹160.83 31
5Y Revenue Exit ₹59.45 ₹113.30 ₹188.04 39
5Y EBITDA Exit ₹79.22 ₹154.89 ₹252.16 41
5Y P/E Exit ₹43.19 ₹79.08 ₹120.55 38
10Y Revenue Exit ₹54.40 ₹105.27 ₹186.47 36
10Y EBITDA Exit ₹69.96 ₹136.11 ₹241.22 37
10Y P/E Exit ₹45.87 ₹79.91 ₹128.85 35
Earnings-Based
Graham-Dodd ₹18.94 ₹94.04 ₹129.73 54
Lynch FV ₹25.38 ₹36.26 ₹47.13 50
PEG = 1.0 ₹25.38 ₹36.26 ₹47.13 46
EPV ₹56.97 ₹67.11 ₹75.98 59
Multiples
P/E Multiple ₹45.95 ₹61.26 ₹76.58 63
P/S Multiple ₹35.50 ₹47.34 ₹59.17 58
P/B Multiple ₹35.50 ₹47.34 ₹59.17 55
EV/EBIT ₹95.10 ₹128.09 ₹161.07 53
EV/EBITDA ₹98.64 ₹132.81 ₹166.98 54
EV/Revenue ₹62.84 ₹91.43 ₹120.02 43
Asset-Based
NCAV (Graham) ₹21.13 ₹28.32 ₹42.26 50
Growth DCF
Growth DCF ₹51.88 ₹96.14 ₹172.65 80
Rev-Margin DCF ₹59.45 ₹111.35 ₹179.86 74
Economic Profit
Residual Income ₹33.87 ₹35.35 ₹37.02 61
ROIC Compounder ₹63.75 ₹89.89 ₹124.54 72
Growth Earnings
Growth-Adj P/E ₹39.89 ₹56.99 ₹74.09 68

Widest divergence: DCF Models (₹101.72) versus Asset-Based (₹28.32). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) ₹71.8B
Revenue growth (YoY) +11.3%
Net margin 1.5%
Return on equity 6.8%
Free cash flow ₹1.6B FY2026
P/E ratio 42.7
More key figures
Operating margin 4.6%
EPS (TTM) ₹2.78
EPS growth (YoY) +25.6%
Net debt ₹19.5B FY2026

Figures from reported company fundamentals · as of Aug 2, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 47/100

Of which business quality 48 · Market factors (momentum, volatility) 82

Profitability 44
Margins and returns on capital today
Quality Growth 34
Are margins and returns improving?
Cashflow 47
Earnings quality: real cash, not paper profit
Fin. Strength 51
Balance sheet, leverage, solvency risk
Investment 61
Disciplined investing over empire-building
Low Volatility 64
Calm price path (market factor)
Momentum 83
Price trend over the last 3–12 months (market factor)
52W Momentum 100
Distance to the 52-week high (market factor)
Net Issuance 58
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

Electronics Mart India Limited engages in the sale of consumer electronics and durable products in India. The company offers large appliances, which include televisions, washing machines, air conditioners, and refrigerators; mobiles, such as smartphones, fitness trackers, and tablets; and small appliances, IT & others, including laptops, printers, geysers, …

Full company description

Electronics Mart India Limited engages in the sale of consumer electronics and durable products in India. The company offers large appliances, which include televisions, washing machines, air conditioners, and refrigerators; mobiles, such as smartphones, fitness trackers, and tablets; and small appliances, IT & others, including laptops, printers, geysers, coolers, miscellaneous electronics, personal computer, cables, screen guards, headphones, bluetooth speakers, ceiling fans, personal care devices, kitchen hobs, chimneys, water purifiers, rice cookers, and mixer grinders. The company sells its products through retail stores and online platforms under the Bajaj Electronics, iQ, Kitchen Stories, Audio & Beyond, Electronics Mart, and Easy Kitchens brands. Electronics Mart India Limited was founded in 1980 and is based in Hyderabad, India.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

Electronics Mart India Limited reported revenue of ₹71.8B in FY2026 versus ₹43.5B in FY2022, a compound +13.4%/yr. Reported net income was ₹1.1B in FY2026, compounding +0.8%/yr from FY2022.

Growth Quality 85/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2026)
₹71.8B
Latest YoY
+3.1%
Avg. growth/yr (3Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+9.7%
Avg. growth/yr (5Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+18.9%
Avg. growth/yr (7Y) Measures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump.
+14.3%
Revenue +13.4%/yr
FY22 ₹43.5B
FY23 ₹54.5B
FY24 ₹62.9B
FY25 ₹69.6B
FY26 ₹71.8B
Net income +0.8%/yr
FY22 ₹1.0B
FY23 ₹1.2B
FY24 ₹1.8B
FY25 ₹1.6B
FY26 ₹1.1B

EMIL screens 68% overvalued. Compare with Casey's General Stores, Inc →

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Cite: Fair Value Calculator (2026). "Electronics Mart India Limited Fair Value". https://www.fairvalue-calculator.com/stock/EMIL

Peer Group

Specialty Retail · 223 stocks

How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.

Quality Score 47 · Bottom 25%
Fair Value upside −68% · Bottom 25%
Return on equity (TTM) 7% · Above median
Return on assets 5% · Above median
Net margin (TTM) 1% · Below median
Operating margin (TTM) 5% · Above median
Revenue growth 11% · Top 25%
Debt / equity 0.12× · Higher than median

Valuation Multiples vs Specialty Retail median · lower = cheaper

P/E (TTM) 42.7× · Pricier than 75% of peers
P/B 2.81× · Pricier than median
P/S (TTM) 0.64× · Pricier than median
P/FCF 0.3× · Cheaper than 75% of peers
EV/EBITDA 10.8× · Pricier than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 0 · sector 32
FUTURE 57 · sector 23
PAST 27 · sector 26
HEALTH 94 · sector 94
DIVIDEND 0 · sector 51

VALUE 0: the price sits above our fair-value range.

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

Similar stocks

10 more Specialty Retail stocks, each showing price versus our Fair Value estimate (as of Aug 2, 2026).

Stock Price Fair Value vs Fair Value
Casey's General Stores, Inc CASY $827.04 $405.44 -51%
Williams-Sonoma, Inc WSM $222.84 $164.16 -26%
Ulta Beauty, Inc ULTA $479.57 $488.39 +2%
DICK'S Sporting Goods, Inc DKS $208.89 $181.10 -13%
Best Buy Co BBY $83.98 $109.12 +30%
China Tourism Group 601888 ¥52.90 ¥40.40 -24%
Tractor Supply Company TSCO $31.01 $35.52 +15%
Murphy USA Inc MUSA $618.57 $423.35 -32%
Five Below, Inc FIVE $197.71 $117.29 -41%
Taiwan Mobile Co 3045 110.50 TWD 80.98 TWD -27%

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Frequently asked questions

Is Electronics Mart India Limited (EMIL) overvalued or undervalued?
As of Aug 2, 2026, our model estimates a fair value of ₹61.26 versus a price of ₹193.61, about −68% (overvalued).
What is the fair value of EMIL?
Our model-based fair value for Electronics Mart India Limited is ₹61.26 (as of Aug 2, 2026), built from audited fundamentals. The current price is ₹193.61.
What is the quality score of EMIL?
Electronics Mart India Limited has a Quality Score of 47/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the revenue of Electronics Mart India Limited (EMIL)?
Electronics Mart India Limited reported trailing-twelve-month revenue of about ₹71.8B (latest available figure, as of Aug 2, 2026).
What is the net profit margin of EMIL?
The net profit margin of Electronics Mart India Limited is about 1.5%, meaning it keeps roughly 1.5% of revenue as net income. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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