Onida Electronics Ltd
₹ 38.8
-0.54%
21 Jul
- close price
About
Incorporated in 1981, MIRC Electronics Ltd manufactures and trades consumer electronic products[1]
Key Points
- Market Cap ₹ 1,419 Cr.
- Current Price ₹ 38.8
- High / Low ₹ 49.2 / 15.2
- Stock P/E
- Book Value ₹ 6.44
- Dividend Yield 0.00 %
- ROCE -16.4 %
- ROE -33.6 %
- Face Value ₹ 1.00
Pros
- Company has reduced debt.
Cons
- Stock is trading at 6.03 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
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1,058 | 759 | 729 | 728 | 644 | 604 | 766 | 1,192 | 1,110 | 968 | 747 | 660 | |
| 1,017 | 760 | 695 | 686 | 628 | 600 | 752 | 1,179 | 1,105 | 1,014 | 739 | 709 | |
| Operating Profit | 40 | -1 | 34 | 42 | 17 | 5 | 14 | 14 | 5 | -46 | 8 | -49 |
| OPM % | 4% | -0% | 5% | 6% | 3% | 1% | 2% | 1% | 0% | -5% | 1% | -7% |
| 10 | 8 | -22 | 5 | 2 | 3 | 10 | -12 | 2 | 6 | 11 | -3 | |
| Interest | 33 | 29 | 21 | 14 | 15 | 12 | 15 | 14 | 11 | 15 | 15 | 16 |
| Depreciation | 14 | 12 | 10 | 9 | 8 | 7 | 7 | 8 | 9 | 8 | 7 | 6 |
| Profit before tax | 3 | -33 | -19 | 23 | -4 | -11 | 2 | -20 | -12 | -62 | -2 | -75 |
| 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 | |
| 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 |
| 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: | -12% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | -23% |
| 5 Years: | % |
| 3 Years: | % |
| TTM: | -2553% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 14% |
| 5 Years: | 15% |
| 3 Years: | 25% |
| 1 Year: | 109% |
| 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 |
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| Air Conditioner Revenue Share % of total revenue |
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| Washing Machine Revenue Share % of total revenue |
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| Branded Sales Share % of total revenue |
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| Number of Dealers/Distributors count |
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| Number of Service Centers count |
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| Number of Warehouses count |
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Documents
Announcements
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
14 Jul - Regulation 74(5) certificate filed for quarter ended June 30, 2026.
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Disclosure Under Regulation 30 Regarding In-Principle Approval Application For Convertible Equity Share Warrants
7 Jul - Onida discloses valuation report and revised EGM shareholding for 1.87 crore convertible warrants.
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Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS
3 Jul - Grant of ESOPs to the eligible employees of the company.
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Announcement under Regulation 30 (LODR)-Change in Directorate
3 Jul - Board approves CEO Gunjan Srivastava as MD, CFO Manish Desai appointment, Shirish Suvagia resignation, and 12.5 lakh ESOPs.
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Announcement under Regulation 30 (LODR)-Resignation of Director
3 Jul - Board approved new independent director, CEO/MD, CFO appointments, one resignation, and 12.5 lakh ESOP grant.
Annual reports
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Financial Year 2025
from bse
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Financial Year 2024
from bse
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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
from bse
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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