Onida Electronics Ltd

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

Onida Electronics Ltd

₹ 38.8 -0.54%
21 Jul - 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 - BE
  • Market Cap ₹ 1,419 Cr.
  • Current Price ₹ 38.8
  • High / Low ₹ 49.2 / 15.2
  • Stock P/E
  • Book Value ₹ 5.77
  • Dividend Yield 0.00 %
  • ROCE -3.46 %
  • ROE -26.4 %
  • Face Value ₹ 1.00
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Pros

Cons

  • Stock is trading at 6.72 times its book value
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -17.1% over past five years.
  • Company has a low return on equity of -25.3% over last 3 years.
  • Promoters have pledged 28.4% of their holding.
  • Debtor days have increased from 47.8 to 63.7 days.
  • Promoter holding has decreased over last 3 years: -12.8%

* 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

Consolidated Figures in Rs. Crores / View Standalone

Operating Profit
OPM %
Interest
Depreciation
Profit before tax
Tax %
EPS in Rs
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2006 Mar 2007 Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016
1,229 1,529 1,541 1,449 1,526 1,942 1,674 1,309 1,303 1,060 760
1,150 1,440 1,456 1,394 1,467 1,863 1,654 1,305 1,313 1,024 762
Operating Profit 79 89 85 54 59 79 20 4 -10 37 -3
OPM % 6% 6% 6% 4% 4% 4% 1% 0% -1% 3% -0%
9 7 7 5 5 2 -2 2 2 10 22
Interest 18 21 24 29 18 20 36 39 38 34 30
Depreciation 25 23 27 21 22 24 23 17 16 15 12
Profit before tax 45 52 42 9 25 37 -41 -49 -62 -2 -23
Tax % 41% 30% 15% 13% 19% 22% -6% -37% 0% 137% -16%
27 36 36 8 20 29 -39 -31 -62 -5 -19
EPS in Rs 0.84 1.22 -1.62 -1.31 -2.61 -0.19 -0.82
Dividend Payout % 40% 30% 40% 34% 67% 49% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: -5%
5 Years: -17%
3 Years: -17%
TTM: -28%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: -8%
TTM: -232%
Stock Price CAGR
10 Years: 14%
5 Years: 15%
3 Years: 25%
1 Year: 109%
Return on Equity
10 Years: -2%
5 Years: -20%
3 Years: -25%
Last Year: -26%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2006 Mar 2007 Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016
Equity Capital 14 14 14 7 14 14 14 14 14 20 20
Reserves 189 212 231 230 234 246 208 177 115 132 118
170 164 200 206 134 156 159 292 274 217 200
224 267 282 210 349 477 397 240 267 297 251
Total Liabilities 597 656 727 652 730 893 777 723 670 666 589
221 218 201 191 221 212 171 159 166 139 124
CWIP 0 0 2 26 1 2 3 14 0 0 0
Investments 1 1 1 1 14 0 0 0 0 0 0
375 437 523 435 494 679 604 549 504 526 465
Total Assets 597 656 727 652 730 893 777 723 670 666 589

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2006 Mar 2007 Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016
100 45 5 49 179 32 27 25 56 43 20
-24 -19 -11 -37 -38 -1 -5 -14 -3 8 21
-60 -46 10 -22 -117 -12 -49 -10 -58 -58 -41
Net Cash Flow 16 -20 4 -10 24 20 -27 1 -4 -7 -0
Free Cash Flow 76 26 -4 36 127 16 15 8 49 48 39
CFO/OP 140% 71% 18% 93% 308% 49% 142% 598% -570% 111% -442%

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2006 Mar 2007 Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016
Debtor Days 34 26 32 28 22 32 29 38 36 44 64
Inventory Days 73 74 93 70 79 86 85 87 82 131 152
Days Payable 50 42 50 33 73 91 85 66 74 116 129
Cash Conversion Cycle 57 58 76 65 28 27 29 59 44 59 87
Working Capital Days 40 42 57 65 30 1 2 -16 -28 -14 -18
ROCE % 19% 16% 9% 10% 14% -0% -2% -6% 6% -3%

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 ・Standalone data

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

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

2 Recently
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
53.36% 53.36% 53.36% 53.37% 53.37% 53.37% 53.37% 53.37% 53.37% 53.37% 40.51% 40.51%
1.06% 0.99% 0.99% 0.01% 0.00% 0.00% 0.06% 0.20% 0.00% 0.03% 0.07% 0.06%
0.00% 0.00% 0.01% 0.00% 0.00% 0.00% 0.01% 0.01% 0.01% 0.01% 0.00% 0.00%
45.58% 45.66% 45.64% 46.62% 46.63% 46.64% 46.57% 46.42% 46.62% 46.59% 59.41% 59.43%
No. of Shareholders 71,95666,62066,19375,71377,21075,82077,23877,85377,61475,74073,85772,154

* 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.

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