Electronics Retail Stocks and Companies in India

The largest Electronics Retail stocks in India by market value are Aditya Vision (₹6,718 crore), Electronics Mart India (₹6,184 crore) and Cellecor Gadgets (₹657 crore), at prices of 4 Nov 2026.

• Aditya Vision: ₹520.25 | market value ₹6,718 crore | P/E 46.2
• Electronics Mart India: ₹160.74 | market value ₹6,184 crore | P/E 31.6
• Cellecor Gadgets: ₹27.70 | market value ₹657 crore | P/E 16.6

Share price | market value | P/E, biggest first. Prices, market values and ratios at the official close of 4 Nov 2026; the score list below uses the weekly figures.

All 3 listed Indian Retail - Electronics companies are named here, largest first. This is the set of companies people mean when they search for a Nifty Retail - Electronics index; NSE publishes its own indices only for the largest sectors, so this equal-weighted set stands in for one. One large company cannot set the reading.

1. Aditya Vision Ltd₹7,090 cr
2. Electronics Mart India Ltd₹5,840 cr
3. Cellecor Gadgets Ltd₹646 cr

3 Electronics Retail companies in the Retail - Electronics industry group have a page on Sector Alpha, by market value as of 30 October 2026, and all 3 are listed below, largest first. The largest is Aditya Vision (₹7,090 crore) and the smallest with a market value is Cellecor Gadgets.

Download all 3 Electronics Retail companies (CSV)

The line below covers up to 5.2 years and opens on the 5Y view; the buttons cut it shorter. Over the last two years (104 weeks) this sector is 15% behind NIFTY 500. Earnings across its companies grew 17% on average over the last four reported quarters. It has been ahead of NIFTY 500 on a rolling three-month view for 32 weeks running.

0 of 3 companies pass the momentum test (5+ points ahead of the Nifty 500 over 3 months, within 20% of the 52-week high).

Ahead of NIFTY 500 on the three-month view for 32 weeks running; 1 of the 3 companies in the industry index above their 200-day average (1 fewer than four weeks earlier); 0 of those 3 pass the momentum test (1 fewer than four weeks earlier); earnings rising at 3 of the 3 that report earnings.

Participation is shrinking, 1 → 0 of 3 over four weeks, after being ahead of NIFTY 500. Price-only fade, 3 of 3 members have higher trailing twelve-month earnings than a year ago, so the fade is in the price, not in the earnings.

Both lines start at 200 in the same week, so the gap between them tells the story: the sector line is an equal-weighted index of its 3 companies. The bars underneath are trailing 12-month earnings per share, one bar per reported quarter, each member set to 100 at the start and the sector taking the middle value, so a price line pulling away from flat bars means the market is paying more for the same earnings. A bar turns grey when that figure is lower than the quarter before. The rules are fixed and the same everywhere on this site: ahead by 5% or more over three months, or behind by 20% or more over a year while earnings grew 20% or more. Hover or tap any point to read both values and the gap.

Retail - Electronics has done better than the NIFTY 500 by 9.6% over the last 52 weeks. Over 13 weeks the gap is a lead of 2.7%. Aditya Vision Ltd is the strongest against the sector itself at −5.2%.

Retail - Electronics has done better than the NIFTY 500 by 9.6% over 52 weeks and by 2.7% over 13 weeks. 0 of 3 companies we track are beating the NIFTY on relative strength (how a share price has done against the index over recent months), and 0 of the 2 with a long enough price history are ahead of the industry itself.

A score that ranks each company against the others in its industry. The four parts shown always add up to the total: Growth & earnings (35), Capital efficiency (25), Valuation (20), and Relative strength (20). Missing or old evidence affects only its own part, never as a hidden adjustment.

Electronics Mart India Ltd has the strongest current balance of earnings trajectory, business quality, valuation and price confirmation, with 60.1% evidence confidence.

Electronics Mart India Ltd has the strongest one-year price move in Retail - Electronics at +0.5%. It also leads on relative strength against the NIFTY, at +23.8%. 2 of 3 companies we track are ahead of the index on that measure. Every line covers 313 weekly closes through 30 October 2026.

Price and relative strength

Price · same starting point: Every company, the sector's own index and NIFTY 500 all start level on the left edge of the window, so only the distance between the lines counts: the highest line has risen the most since then, and the chart at the top of this page is drawn the same way. It opens on one year; the buttons beside it stretch that to three or five.

RS vs NIFTY 500: How far ahead of or behind NIFTY 500 each company has been running, measured against its own recent average of that comparison, so the flat line at zero IS NIFTY 500: above it the company is beating the market, below it the market is beating the company. It opens on one year.

RS vs sector: The same measure taken against Retail - Electronics itself instead of the whole market, so the flat line at zero is the sector: above it the company is beating its own peers, which is the sharper test of the two. It opens on one year.

Biggest one-year moves

Strongest against NIFTY 500

Strongest against the sector itself

A fresh breakout after an earnings setback, with better company results but seasonal gains still to be tested. In the week of 5 October 2026, 66.7% of 3 Retail - Electronics companies were beating the Nifty 500, against 66.7% on 25 May 2026.

Retail - Electronics is one of the Top 25 sectors in our latest review.

From our industry review of 10 October 2026.

Both large retailers report better sales from existing stores, improving profits and expansion into new states. Lower borrowing also helps. The lasting improvement is mixed with summer demand and temporary pricing benefits, so the next quarter must confirm it.

From our industry review of 10 October 2026.

1 of 3 Retail - Electronics companies held a results call for July to September 2026. Aditya Vision guided: Long-term revenue growth aspiration 20-25% retained with H1 running ahead of pace.

From the results calls for July to September 2026.

Big funds, foreign and Indian, raised their stake by 3.2 points over the last two quarters. Founders and promoters cut theirs by 1.1 points.

• Spending on new plants and equipment was ₹179 crore in the last 12 months, 55% less than a year before.
• Projects still being built shrank 31% in a year.

Big funds = foreign and Indian institutions, change in their share of ownership across 3 Retail - Electronics companies, in percentage points.

Ownership and spending as of 10 October 2026.

3 chains of cause and effect link Retail - Electronics to other industries right now. Future loan-loss rules can tighten the supply of finance. For Retail - Electronics: Stricter lending could make financed appliance purchases and retailer expansion harder.

From our cross-industry review of 10 October 2026.

The next things that show whether the Retail - Electronics story is on course. First: September-quarter results: whether both retailers preserve existing-store growth and margins after the strongest cooling quarter.

• Electronics Mart's five West Bengal stores planned around Diwali and ten to twelve by March 31: actual openings and early store performance.
• Aditya Vision's new-state rollout: whether store productivity and borrowing remain controlled.
• Festive demand: whether higher borrowing costs and inflation weaken purchases despite the recent earnings recovery.

What would change the story

A like-for-like next-quarter sector profit print below the same quarter last year, accompanied by weaker margins at both large retailers after summer benefits fade, would break the call that lasting store improvement is supporting this recovery.

From our industry review of 10 October 2026.

Electronics Mart India Ltd has the highest Revenue among the 3 Retail - Electronics companies compared here, at ₹7,863 crore. Aditya Vision Ltd is next at ₹3,053 crore. Cellecor Gadgets Ltd has the highest Revenue growth at the 100% top of the scoring scale, so level and change sit with different companies.

What the numbers say: Electronics Mart India Ltd is the largest at ₹7,863 crore, 157.5% ahead of Aditya Vision Ltd. Cellecor Gadgets Ltd's growth is capped at 100% on the scoring scale; the full change over the last 12 months is 202.5% from a ₹2,317 crore base, with 8 reported quarters out of the last 20. Fast growth from a smaller base is not yet the same as proven size.

What this means: Electronics Mart India Ltd is the size to compare against; Cellecor Gadgets Ltd is the one growing fastest. The faster grower has to keep that growth and turn it into margin and returns before it counts as more than a fast start.

This conclusion weakens if: Electronics Mart India Ltd's growth falls below Cellecor Gadgets Ltd's for two consecutive comparable reports while operating margin also compresses.

Revenue is compared on a common reported-currency basis. Growth is year-on-year, so seasonality does not masquerade as progress.

Revenue · company comparison

Revenue · largest

Revenue growth · fastest growers

All-company data · latest reported quarter

In every all-company table on this page, each figure is the company’s latest single reported quarter. The rankings above them use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

Revenue shows both size and speed. A large company can absorb shocks and pay for wide distribution; faster growth can mean market-share gains, new capacity or stronger demand. The best sign is usually growth that lasts without hurting margins and returns.

Electronics Mart India Ltd has the highest OPM among the 3 Retail - Electronics companies compared here, at 10%. Aditya Vision Ltd is next at 8%. The same company also has the highest Margin change, at +4 percentage points. 3 of 3 companies report a comparable reading, the latest through Jun 2026.

What the numbers say: Electronics Mart India Ltd leads both opm at 10% and margin change at +4 percentage points.

What this means: Electronics Mart India Ltd sets the level to compare against; the company improving fastest needs another report to confirm the change.

This conclusion weakens if: The next two comparable reports reverse the current margin change signal.

Operating margin compares operating profit with revenue. Improvement is measured in percentage points, not percentage growth.

Operating margin · company comparison

OPM · highest

Margin change · fastest expanders

All-company data · latest reported quarter

Electronics Mart India Ltd has the highest Net profit among the 3 Retail - Electronics companies compared here, at ₹207 crore. Aditya Vision Ltd is next at ₹144 crore. Cellecor Gadgets Ltd has the highest Profit growth at the 100% top of the scoring scale, so level and change sit with different companies.

What the numbers say: Electronics Mart India Ltd earns the most, ₹207 crore of profit over the last 12 months, 43.8% above Aditya Vision Ltd. Cellecor Gadgets Ltd shows at least 100% on the scoring scale (195.8% in full) growth from a profit base of ₹71 crore. A fast rate from a small base matters less than a large profit that keeps coming.

What this means: Electronics Mart India Ltd sets the level to compare against; the company improving fastest needs another report to confirm the change.

This conclusion weakens if: The next two comparable reports reverse the current profit growth signal.

Net profit is the residual after operating costs, interest and tax. Growth off a loss or near-zero base is excluded from the fastest-grower rank.

Net profit · company comparison

Net profit · largest

Profit growth · fastest growers

All-company data · latest reported quarter

Cellecor Gadgets Ltd has the highest ROCE among the 3 Retail - Electronics companies compared here, at 22.7%. Aditya Vision Ltd is next at 17.1%. Aditya Vision Ltd has the highest ROCE change at +1.3 percentage points, so level and change sit with different companies. 3 of 3 companies report a comparable reading, the latest through Mar 2026.

What the numbers say: Cellecor Gadgets Ltd leads ROCE at 22.7%, 5.6 percentage points above Aditya Vision Ltd. A high return reported once may be one good year; a high return reported year after year shows a lasting business.

What this means: Cellecor Gadgets Ltd sets the level to compare against; the company improving fastest needs another report to confirm the change.

This conclusion weakens if: The next two comparable reports reverse the current roce change signal.

ROCE asks how much operating return the business earns on the capital employed. Direction matters, but a single exceptional year should not be mistaken for durability.

Return on capital · company comparison

Withheld from this chart: Electronics Mart India Ltd (EMIL): its two data sources disagree by up to 16% on reported income across 15 comparable periods, so its derived ratios are withheld. A figure two sources cannot agree on is not drawn, the gap is a decision, not missing data.

ROCE · highest

ROCE change · fastest improvers

All-company data · latest reported quarter

Aditya Vision Ltd has the lowest PEG among the 3 Retail - Electronics companies compared here, at 3.7×. Cellecor Gadgets Ltd has the lowest P/E at 16.3×, so level and change sit with different companies. 1 of 3 companies report a comparable reading, the latest through Sep 2026. Its PEG series carries 7 reported observations across the 20-quarter window.

What the numbers say: That would need today's multiple, the company's own history and steady growth to agree.

What this means: A low valuation is a reason to look closer at the business, not a conclusion on its own.

This conclusion weakens if: The next two comparable reports reverse the current p/e signal.

PEG is shown only when earnings are positive and three-year EPS growth is between 5% and 60%. It is worked out the same way every time, as the P/E on the last 12 months of reported earnings divided by that growth rate, never on expected earnings. On Indian companies it is shown only where the two data feeds agreed. Where any of that fails the ratio is left out rather than printed: a P/E divided by a loss, or by growth measured off a tiny base, is a number that looks precise and means nothing.

Valuation · company comparison

PEG · lowest PEG

P/E · lowest P/E

All-company data · latest reported quarter

Retail - Electronics companies show up on 2 of our India lists. The most are on the undervalued stocks list (1 company).

This Retail - Electronics comparison names 7 specific ways its own evidence can mislead, all listed below. 1 of the 3 companies reports on an older date than the sector's freshest reporters, so its rank is marked stale. 1 has second-source figures left out because the two sources disagree.

Keep these limits visible

• A high growth rate can come from a very small starting figure. The page keeps level and change separate for that reason.
• A high ROCE can be temporary, or look high because the capital base is small. It is best read beside margin, cash flow and how much is spent back on the business.
• The 4-Factor Sector Score ranks published data only. Management quality, upcoming events and risks are not part of it.
• An “all companies” line chart preserves completeness, but rank changes should be checked against reporting dates before drawing a conclusion.
• 1 company has an older fundamental reporting date than the sector’s freshest reporters; its rank carries a stale marker.
• 1 company is missing from the second-source figures on purpose: the two sources disagree, so nothing from the second is drawn. Those rows have less evidence; that does not make the business weaker.
• Thin comparisons: Valuation have fewer than three usable current readings.

This comparison is built from the reported filings of 3 Retail - Electronics companies, normalized to a common ₹ scale and a shared quarter axis of up to 20 quarters each. Fundamentals run through Sep 2026 and market data through 30 October 2026.

1 of 3 companies has a second data feed that is known to disagree with the primary source, so nothing from it is drawn: Electronics Mart India Ltd (EMIL): its two data sources disagree by up to 16% on reported income across 15 comparable periods, so its derived ratios are withheld.

These 23 answers restate the Retail - Electronics comparison above in question form. Every one is computed from the same 3 companies and the same reported filings as the rankings and charts, current through Sep 2026. Price and relative-strength answers run through 30 October 2026. Nothing here is estimated, and none of it is a recommendation.