Both Aditya Vision and Electronics Mart are look alike. However the margins for Aditya Vision are much better. Surprisingly the capex per store for Electronic Mart appears lower and even it’s inventory turnover is much higher but still Aditya Vision has much better ROCE and ROE. One of the reasons could be that Aditya Vision sells more of A/Cs and Washing Machines vs phones and other smaller electronic items. Larger Appliances have 16-20% margin while smaller ones have 6-10% margin
Source:Which is the coolest one..
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