Onida Electronics Ltd

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Onida Electronics Ltd

₹ 37.1 -3.46%
12 Aug - close price
onida.com BSE: 500279 NSE: ONIDA
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 ₹ 1,366 Cr.
  • Current Price ₹ 37.1
  • High / Low ₹ 49.2 / 21.5
  • Stock P/E
  • Book Value ₹ 6.44
  • Dividend Yield 0.00 %
  • ROCE -16.4 %
  • ROE -33.6 %
  • Face Value ₹ 1.00
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Pros

  • Company has reduced debt.

Cons

  • Stock is trading at 5.76 times its book value
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -2.93% over past five years.
  • Company has a low return on equity of -27.5% over last 3 years.
  • Promoters have pledged 28.4% of their holding.
  • Company's cost of borrowing seems high
  • Promoter holding has decreased over last 3 years: -12.8%
  • Working capital days have increased from 30.0 days to 82.6 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

Consumer Discretionary Consumer Durables Consumer Durables Consumer Electronics

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026
183 193 295 297 228 151 167 201 141 163 212 144 182
187 196 288 343 223 146 169 201 149 181 220 159 194
Operating Profit -3 -3 7 -46 5 6 -2 -0 -8 -17 -8 -15 -11
OPM % -1.8% -1.6% 2.3% -16% 2.1% 3.7% -1.1% -0.2% -6% -11% -3.9% -11% -6%
2 3 1 1 1 1 3 6 1 22 1 -27 2
Interest 3 4 4 4 3 4 4 3 3 5 4 3 3
Depreciation 2 2 2 2 2 2 2 2 2 2 2 2 2
Profit before tax -6 -6 2 -51 0 1 -5 1 -12 -2 -13 -47 -14
Tax % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
-6 -6 2 -51 0 1 -5 1 -12 -2 -13 -47 -14
EPS in Rs -0.22 -0.23 0.06 -1.82 0.02 0.05 -0.19 0.04 -0.45 -0.06 -0.35 -1.28 -0.38
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026 TTM
1,058 759 729 728 644 604 766 1,192 1,110 968 747 660 702
1,017 760 695 686 628 600 752 1,179 1,105 1,014 739 709 754
Operating Profit 40 -1 34 42 17 5 14 14 5 -46 8 -49 -52
OPM % 3.8% -0.1% 4.6% 6% 2.6% 0.8% 1.8% 1.1% 0.5% -4.7% 1.1% -7% -7%
10 8 -22 5 2 3 10 -12 2 6 11 -3 -1
Interest 33 29 21 14 15 12 15 14 11 15 15 16 16
Depreciation 14 12 10 9 8 7 7 8 9 8 7 6 7
Profit before tax 3 -33 -19 23 -4 -11 2 -20 -12 -62 -2 -75 -76
Tax % 77% -19% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
1 -27 -19 23 -4 -11 2 -20 -12 -62 -2 -75 -76
EPS in Rs 0.03 -1.13 -0.75 0.84 -0.16 -0.41 0.07 -0.72 -0.44 -2.22 -0.08 -2.02 -2.07
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: -1%
5 Years: -3%
3 Years: -16%
TTM: 6%
Compounded Profit Growth
10 Years: -23%
5 Years: %
3 Years: %
TTM: -259%
Stock Price CAGR
10 Years: 14%
5 Years: 18%
3 Years: 22%
1 Year: 38%
Return on Equity
10 Years: -8%
5 Years: -17%
3 Years: -27%
Last Year: -34%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 20 20 21 23 23 23 23 23 23 23 23 37
Reserves 147 126 103 214 210 199 200 180 168 105 103 201
212 199 167 50 70 80 85 68 82 104 102 78
296 247 226 255 210 276 357 433 257 338 301 208
Total Liabilities 674 592 517 543 513 577 665 704 529 570 528 524
127 115 114 106 101 96 87 92 87 78 72 72
CWIP 0 0 0 1 0 0 5 0 0 0 0 0
Investments 26 26 2 3 4 4 1 1 1 2 2 45
521 451 401 433 408 477 573 611 440 490 454 407
Total Assets 674 592 517 543 513 577 665 704 529 570 528 524

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
44 22 50 47 -15 -4 15 24 -9 -5 31 -107
6 13 -15 -2 2 0 -1 3 8 -2 -8 -26
-57 -38 -37 -43 2 -2 -7 -30 -1 8 -24 142
Net Cash Flow -7 -3 -2 3 -11 -6 7 -2 -2 1 -1 9
Free Cash Flow 49 35 61 46 -13 -5 30 17 -8 -4 31 -91
CFO/OP 104% -1,953% 150% 112% -90% -91% 118% 188% -168% 8% 348% 212%

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 43 63 63 67 68 48 55 31 29 61 74 76
Inventory Days 131 152 141 157 166 263 202 148 104 98 124 120
Days Payable 117 129 118 151 138 198 184 134 82 123 172 137
Cash Conversion Cycle 57 87 85 73 95 112 72 46 52 36 27 58
Working Capital Days -13 -20 -17 38 53 52 43 23 19 1 7 83
ROCE % 7% -3% 8% 13% 4% 0% 3% 3% -1% -20% 5% -16%

Insights

In beta
Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Total Permanent Employees on Payroll
count

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TV/Display Device Revenue Share
% of total revenue
Air Conditioner Revenue Share
% of total revenue
Washing Machine Revenue Share
% of total revenue
Branded Sales Share
% of total revenue
Number of Dealers/Distributors
count
Number of Service Centers
count
Number of Warehouses
count

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
53.36% 53.36% 53.37% 53.37% 53.37% 53.37% 53.37% 53.37% 53.37% 40.51% 40.51% 40.51%
0.99% 0.99% 0.01% 0.00% 0.00% 0.06% 0.20% 0.00% 0.03% 0.07% 0.06% 0.03%
0.00% 0.01% 0.00% 0.00% 0.00% 0.01% 0.01% 0.01% 0.01% 0.00% 0.00% 0.08%
45.66% 45.64% 46.62% 46.63% 46.64% 46.57% 46.42% 46.62% 46.59% 59.41% 59.43% 59.37%
No. of Shareholders 66,62066,19375,71377,21075,82077,23877,85377,61475,74073,85772,15473,126

* 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

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Concalls

  • Aug 2026
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  • Jun 2019
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    AI Summary
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  • Feb 2019
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  • Nov 2018
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    AI Summary
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