MIRC Electronics Ltd

MIRC Electronics Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

MIRC Electronics Ltd

₹ 23.0 -0.39%
11 Dec 3:44 p.m.
onida.com BSE: 500279 NSE: MIRCELECTR
About

Incorporated in 1981, MIRC Electronics Ltd manufactures and trades consumer electronic products[1]

Key Points

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

Website BSE NSE
  • Market Cap ₹ 532 Cr.
  • Current Price ₹ 23.0
  • High / Low ₹ 33.0 / 15.5
  • Stock P/E
  • Book Value ₹ 5.65
  • Dividend Yield 0.00 %
  • ROCE -19.9 %
  • ROE -40.9 %
  • Face Value ₹ 1.00
Edit ratios

Pros

Cons

  • Stock is trading at 4.08 times its book value
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 8.48% over past five years.
  • Company has a low return on equity of -15.0% over last 3 years.
  • Promoters have pledged 34.5% of their holding.
  • Debtor days have increased from 40.6 to 61.1 days.

* 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

Sector: Consumer Durables Industry: Electronics - Consumer

Edit Columns
Loading peers table ...

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
392.51 379.07 246.37 345.19 268.58 271.47 224.98 183.47 193.23 294.51 296.83 227.79 151.37
385.26 371.03 246.37 341.47 267.14 271.21 225.37 186.70 196.38 287.80 342.83 223.08 145.71
Operating Profit 7.25 8.04 0.00 3.72 1.44 0.26 -0.39 -3.23 -3.15 6.71 -46.00 4.71 5.66
OPM % 1.85% 2.12% 0.00% 1.08% 0.54% 0.10% -0.17% -1.76% -1.63% 2.28% -15.50% 2.07% 3.74%
4.05 0.34 -16.77 0.56 0.26 1.45 0.17 2.49 2.81 0.51 0.68 0.83 1.24
Interest 3.70 3.66 2.78 1.81 2.65 2.25 4.19 3.31 4.05 3.76 3.93 3.29 3.88
Depreciation 1.98 2.07 1.98 2.04 2.07 2.02 2.91 2.17 2.04 1.91 1.86 1.81 1.67
Profit before tax 5.62 2.65 -21.53 0.43 -3.02 -2.56 -7.32 -6.22 -6.43 1.55 -51.11 0.44 1.35
Tax % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
5.62 2.65 -21.53 0.43 -3.02 -2.56 -7.32 -6.22 -6.43 1.55 -51.11 0.44 1.35
EPS in Rs 0.24 0.11 -0.93 0.02 -0.13 -0.11 -0.32 -0.27 -0.28 0.07 -2.21 0.02 0.06
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
1,296 1,284 1,058 759 729 728 644 604 766 1,192 1,110 968 970
1,290 1,293 1,017 760 695 686 628 600 752 1,179 1,105 1,014 999
Operating Profit 6 -9 40 -1 34 42 17 5 14 14 5 -46 -29
OPM % 0% -1% 4% -0% 5% 6% 3% 1% 2% 1% 0% -5% -3%
2 2 10 8 -22 5 2 3 10 -12 2 6 3
Interest 39 38 33 29 21 14 15 12 15 14 11 15 15
Depreciation 16 14 14 12 10 9 8 7 7 8 9 8 7
Profit before tax -47 -60 3 -33 -19 23 -4 -11 2 -20 -12 -62 -48
Tax % -39% 0% 77% -19% 0% 0% 0% 0% 0% 0% 0% 0%
-29 -60 1 -27 -19 23 -4 -11 2 -20 -12 -62 -48
EPS in Rs -1.46 -3.06 0.04 -1.38 -0.91 1.02 -0.19 -0.50 0.08 -0.87 -0.54 -2.69 -2.06
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: -3%
5 Years: 8%
3 Years: 8%
TTM: 11%
Compounded Profit Growth
10 Years: -1%
5 Years: %
3 Years: %
TTM: -102%
Stock Price CAGR
10 Years: 10%
5 Years: 27%
3 Years: -5%
1 Year: 21%
Return on Equity
10 Years: -6%
5 Years: -10%
3 Years: -15%
Last Year: -41%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 14 14 20 20 21 23 23 23 23 23 23 23 23
Reserves 185 125 147 126 103 214 210 199 200 180 168 105 107
288 268 212 199 167 50 70 80 85 68 82 104 114
238 263 296 247 226 255 210 276 357 433 257 338 308
Total Liabilities 725 669 674 592 517 543 513 577 665 704 529 570 553
154 152 127 115 114 106 101 96 87 92 87 78 74
CWIP 8 0 0 0 0 1 0 0 5 0 0 0 0
Investments 26 26 26 26 2 3 4 4 1 1 1 2 2
537 491 521 451 401 433 408 477 573 611 440 490 477
Total Assets 725 669 674 592 517 543 513 577 665 704 529 570 553

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
23 55 44 22 50 47 -15 -4 15 24 -9 -5
-10 1 6 13 -15 -2 2 0 -1 3 8 -2
-13 -59 -57 -38 -37 -43 2 -2 -7 -30 -1 8
Net Cash Flow 1 -4 -7 -3 -2 3 -11 -6 7 -2 -2 1

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 37 35 43 63 63 67 68 48 55 31 29 61
Inventory Days 86 81 131 152 141 157 166 263 202 148 104 98
Days Payable 67 73 117 129 118 151 138 198 184 134 82 123
Cash Conversion Cycle 57 43 57 87 85 73 95 112 72 46 52 36
Working Capital Days 60 47 60 71 63 61 80 89 80 39 42 34
ROCE % -2% -5% 7% -3% 8% 13% 4% 0% 3% 3% -1% -20%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
53.36% 53.36% 53.36% 53.36% 53.36% 53.36% 53.36% 53.36% 53.36% 53.37% 53.37% 53.37%
1.22% 1.36% 1.43% 1.13% 1.02% 1.06% 1.06% 0.99% 0.99% 0.01% 0.00% 0.00%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.01% 0.00% 0.00% 0.00%
45.41% 45.28% 45.20% 45.52% 45.62% 45.58% 45.58% 45.66% 45.64% 46.62% 46.63% 46.64%
No. of Shareholders 69,73471,46372,33872,44474,30872,91971,95666,62066,19375,71377,21075,820

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

Documents

Announcements

Annual reports

Right Issue

Credit ratings

Concalls

  • Jun 2019
    Transcript
    Notes
    PPT
  • Feb 2019
    Transcript
    Notes
    PPT
  • Nov 2018
    Transcript
    Notes
    PPT