Hi, starting this thread to discuss about the Electronics Mart India (EMI) company stock, business and growth prospects. Posting my views on the stock:
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Electronics Mart India (EMI), a Hyderabad based company. Started in 1980 by Pavan Kumar Bajaj who has no connection with the Bajaj Group’s Rahul Bajaj family.
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The owner of Bajaj Electronics stores in Telangana and Andhra Pradesh and Electronics Mart stores in Delhi/ NCR region.
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The largest Electronics retailer in South India and the 4th largest in India, following Reliance Digital, Croma and Vijay Sales.
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The company launched IPO in 2022 at a price of 60 and now trading at 215. The stock has been in consolidation phase from the last 1 year with a range from 180-240.
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Market leader in AP & Telangana, and expanding into other areas post IPO.
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Has a consistent track record of growth, profits and is aiming to add around 25+ stores each year going forward venturing into other states and tier 2 & 3 cities.
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Their strategy is to enter a market, penetrate deeply and become a market leader which is a strong moat over its competitors.
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My preferred store to shop for any large electronic appliances, bought 2 TVs and 3 ACs and impressed with their customer loyalty.
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They will match the price to the best price available from the Online stores Amazon/ Flipkart.
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Have seen 2 new stores opened in my area recently.
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I do not see any red flags as far as I know.
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What more should we look for in a consistent compounder stock. This can potentially generate the returns similar to the Titan, Trent, D-mart, etc.
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Currently available at fair valuations and is in a consolidation phase since last 1 year, providing an opportunity for accumulation.
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