MIRC Electronics Ltd
₹ 28.1
-0.18%
27 Feb
- close price
About
Incorporated in 1981, MIRC Electronics Ltd manufactures and trades consumer electronic products[1]
Key Points
- Market Cap ₹ 1,038 Cr.
- Current Price ₹ 28.1
- High / Low ₹ 37.5 / 10.3
- Stock P/E
- Book Value ₹ 4.24
- Dividend Yield 0.00 %
- ROCE 5.35 %
- ROE -1.81 %
- Face Value ₹ 1.00
Pros
- Company has reduced debt.
Cons
- Stock is trading at 6.63 times its book value
- Company has low interest coverage ratio.
- Promoter holding has decreased over last quarter: -12.8%
- The company has delivered a poor sales growth of 4.32% over past five years.
- Company has a low return on equity of -16.7% over last 3 years.
- Promoters have pledged 28.4% of their holding.
- Debtor days have increased from 55.0 to 74.3 days.
- Company's cost of borrowing seems high
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Consumer Discretionary Consumer Durables Consumer Durables Consumer Electronics
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Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1,284 | 1,058 | 759 | 729 | 728 | 644 | 604 | 766 | 1,192 | 1,110 | 968 | 747 | 717 | |
| 1,293 | 1,017 | 760 | 695 | 686 | 628 | 600 | 752 | 1,179 | 1,105 | 1,014 | 739 | 751 | |
| Operating Profit | -9 | 40 | -1 | 34 | 42 | 17 | 5 | 14 | 14 | 5 | -46 | 8 | -34 |
| OPM % | -1% | 4% | -0% | 5% | 6% | 3% | 1% | 2% | 1% | 0% | -5% | 1% | -5% |
| 2 | 10 | 8 | -22 | 5 | 2 | 3 | 10 | -12 | 2 | 6 | 11 | 30 | |
| Interest | 38 | 33 | 29 | 21 | 14 | 15 | 12 | 15 | 14 | 11 | 15 | 15 | 16 |
| Depreciation | 14 | 14 | 12 | 10 | 9 | 8 | 7 | 7 | 8 | 9 | 8 | 7 | 6 |
| Profit before tax | -60 | 3 | -33 | -19 | 23 | -4 | -11 | 2 | -20 | -12 | -62 | -2 | -26 |
| Tax % | 0% | 77% | -19% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | |
| -60 | 1 | -27 | -19 | 23 | -4 | -11 | 2 | -20 | -12 | -62 | -2 | -26 | |
| EPS in Rs | -2.52 | 0.03 | -1.13 | -0.75 | 0.84 | -0.16 | -0.41 | 0.07 | -0.72 | -0.44 | -2.22 | -0.08 | -0.82 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | -3% |
| 5 Years: | 4% |
| 3 Years: | -14% |
| TTM: | -15% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 5% |
| 5 Years: | 12% |
| 3 Years: | 18% |
| TTM: | 11% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 12% |
| 5 Years: | 16% |
| 3 Years: | 28% |
| 1 Year: | 115% |
| Return on Equity | |
|---|---|
| 10 Years: | -6% |
| 5 Years: | -10% |
| 3 Years: | -17% |
| Last Year: | -2% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 14 | 20 | 20 | 21 | 23 | 23 | 23 | 23 | 23 | 23 | 23 | 23 | 28 |
| Reserves | 125 | 147 | 126 | 103 | 214 | 210 | 199 | 200 | 180 | 168 | 105 | 103 | 129 |
| 268 | 212 | 199 | 167 | 50 | 70 | 80 | 85 | 68 | 82 | 104 | 102 | 49 | |
| 263 | 296 | 247 | 226 | 255 | 210 | 276 | 357 | 433 | 257 | 338 | 301 | 278 | |
| Total Liabilities | 669 | 674 | 592 | 517 | 543 | 513 | 577 | 665 | 704 | 529 | 570 | 528 | 484 |
| 152 | 127 | 115 | 114 | 106 | 101 | 96 | 87 | 92 | 87 | 78 | 72 | 71 | |
| CWIP | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 5 | 0 | 0 | 0 | 0 | 2 |
| Investments | 26 | 26 | 26 | 2 | 3 | 4 | 4 | 1 | 1 | 1 | 2 | 2 | 2 |
| 491 | 521 | 451 | 401 | 433 | 408 | 477 | 573 | 611 | 440 | 490 | 454 | 409 | |
| Total Assets | 669 | 674 | 592 | 517 | 543 | 513 | 577 | 665 | 704 | 529 | 570 | 528 | 484 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 55 | 44 | 22 | 50 | 47 | -15 | -4 | 15 | 24 | -9 | -5 | 31 | |
| 1 | 6 | 13 | -15 | -2 | 2 | 0 | -1 | 3 | 8 | -2 | -8 | |
| -59 | -57 | -38 | -37 | -43 | 2 | -2 | -7 | -30 | -1 | 8 | -24 | |
| Net Cash Flow | -4 | -7 | -3 | -2 | 3 | -11 | -6 | 7 | -2 | -2 | 1 | -1 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 35 | 43 | 63 | 63 | 67 | 68 | 48 | 55 | 31 | 29 | 61 | 74 |
| Inventory Days | 81 | 131 | 152 | 141 | 157 | 166 | 263 | 202 | 148 | 104 | 98 | 124 |
| Days Payable | 73 | 117 | 129 | 118 | 151 | 138 | 198 | 184 | 134 | 82 | 123 | 172 |
| Cash Conversion Cycle | 43 | 57 | 87 | 85 | 73 | 95 | 112 | 72 | 46 | 52 | 36 | 27 |
| Working Capital Days | -29 | -13 | -20 | -17 | 38 | 53 | 52 | 43 | 23 | 19 | 1 | 7 |
| ROCE % | -5% | 7% | -3% | 8% | 13% | 4% | 0% | 3% | 3% | -1% | -20% | 5% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Newspaper Publication
1d - Copies of newspaper publication regarding opening of Special Window for Transfer and Dematerialisation of physical securities published today i.e. Thursday, February 26, 2026 in Financial …
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Announcement under Regulation 30 (LODR)-Newspaper Publication
13 Feb - Extract of Unaudited Financial Results for the third quarter and nine months ended December 31, 2025 published in Financial Express (English) and Navshakti (Marathi) newspapers …
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Statement Of Deviation Or Variation Issued By Independent Monitoring Agency, Acuité Ratings & Research Limited, For The Third Quarter And Nine Months Ended December 31, 2025, Which Was Duly Reviewed And Approved By The Audit Committee At Its Meeting Held On February 11, 2026.
11 Feb - Board approved Q3/9M results (Dec 31,2025); preferential issue Rs14,952L utilised; no deviation; Rs248L exceptional charge.
- Unaudited Financial Results For The Third Quarter And Nine Months Ended December 31, 2025 Along With The Limited Review Report By M/S. M M Nissim & Co LLP, Chartered Accountants, Statutory Auditors Of The Company 11 Feb
-
Board Meeting Outcome for Outcome Of The Meeting Of Board Held On February 11, 2026
11 Feb - Approved unaudited Q3 and 9M results to Dec 31, 2025; exceptional item Rs.248 lakh; preferential funds Rs.14,952 lakh.
Annual reports
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Financial Year 2025
from bse
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2012
from nse
Business Overview:[1]
MIRC is engaged in manufacturing /assembling and marketing of consumer durables both in brown goods segment and white goods segment. It has operations in consumer electronics, home appliances like Flat TVs, Washing Machines, Air-Conditioners. The company markets its products across India primarily under the ONIDA Brand.
Company has another brand IGO for targeting the rural segments. The company has ventured into Electronic Manufacturing Services for OEMs and 2 new segments viz.
Air Coolers and Dish washers