Buy Electronics Mart India, target price Rs 270: JM Financial

JM Financial has buy call on Electronics Mart India with a target price of Rs 270. The current market price of Electronics Mart India Ltd. is Rs 211.65.

Electronics Mart India Ltd., incorporated in the year 2018, is a Small Cap company (having a market cap of Rs 7964.68 Crore) operating in Retail sector.

Electronics Mart India Ltd. key Products/Revenue Segments include Electrical Consumer Durables and Other Operating Revenue for the year ending 31-Mar-2023.



Financials
For the quarter ended 31-03-2024, the company reported a Consolidated Total Income of Rs 1527.20 Crore, down -14.72 % from last quarter Total Income of Rs 1790.84 Crore and up 14.54 % from last year same quarter Total Income of Rs 1333.27 Crore. Company reported net profit after tax of Rs 40.55 Crore in latest quarter.



Promoter/FII Holdings
Promoters held 72.97 per cent stake in the company as of 30-Jun-2024, while FIIs owned 4.95 per cent, DIIs 16.96 per cent.