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| This stock is up 43.5% since ProPicks AI added it in August |
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| Three weeks ago, our Bharat Small Cap Gems strategy added a South Indian electronics retailer that most institutional screens do not cover. |
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| The stock is up 43.5% since. |
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| The company is Electronics Mart India (NS:ELEO), the largest electronics retailer in South India and fourth-largest nationally, running over 6,000 SKUs from more than 70 brands under four decades of brand recall as Bajaj Electronics. |
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| Q1 FY27 was the strongest quarter in the company’s history. Revenue rose 39% year-over-year to INR 2,419 crores, profit after tax surged 458% to INR 121 crores, and EBITDA margin expanded 360 basis points to 9.9%. Same-store sales growth hit 34.2% and 25 to 30 new stores are planned for FY27. |
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| Here is where the story turns. The stock now sits just 5.47% below its Fair Value estimate. RSI reads overbought after the post-results rally. Management called the full-year guidance conservative for a reason: Q1 rode an exceptional air-conditioner season, and gross margins are expected to normalize from 17.2% back to 15 to 15.5%. There is no dividend, so every rupee of return has to come from price. |
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| Electronics Mart India is up +43.5% since August in our Bharat Small Cap Gems strategy |
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| What ProPicks AI identified here is a retailer whose store economics were improving faster than the market had priced, three weeks before the record quarter landed. That gap is now largely closed. The value in this pick was in owning it in early August, not in chasing it now, and WarrenAI’s current view is worth reading before acting on the past three weeks. |
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| That is the point of ProPicks AI. The engine flagged this stock before the results, not after, and it publishes a fresh set every month. New picks for September are out on Tuesday. |
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| Save 55% on an InvestingPro subscription before August Sale ends. |
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| *Data correct to: 23.8.2026 |
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