Mirc Electronics Ltd Stock Analysis

BSE: 500279 | NSE: MIRCELECTR | Consumer Durables - Electronics | Small Cap

BSE Share Price 22-Sep-2023 18:01
21.79 -0.44 (-1.98%)

DeciZen - Make an Informed Decision on MIRC Electronics

Overall Rating

1. Quality

2. Valuation


3. Price Trend

Semi Strong

MIRC Electronics Price Chart

P/E Ratio ( SA) :
Market Cap :
513.4 Cr.
52-wk low :
52-wk high :
Bole Toh?

1. Is Mirc Electronics Ltd a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Mirc Electronics Ltd is a below average quality company.

2. Is Mirc Electronics Ltd undervalued or overvalued?

The key valuation ratios of Mirc Electronics Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

3. Is Mirc Electronics Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Mirc Electronics Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of MIRC Electronics:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Mirc Electronics Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

ROCE % -5.2%5.6%-0.8%3.9%12.7%2.4%0%2%-4%-1.5%-
Value Creation Index -1.4-0.6-1.1-0.7-0.1-0.8-1.0-0.9-1.3-1.1-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 1,2961,0717727297286446047661,1921,110949
YoY Gr. Rt. %--17.4%-27.9%-5.6%-0.1%-11.5%-6.2%26.7%55.7%-6.9%-
Adj EPS -3.1-0.1-1.2-0.11.2-0.2-0.4-0.2-0.9-0.5-0.8
BVPS (₹)
Adj Net Profit -49.9-1-23.1-1.926.8-3.4-8.4-4.3-21.5-11.8-19
Cash Flow from Ops. 54.643.721.85047.2-15.1-4.215.324.5-8.8-
Debt/CF from Ops.


CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales -1.7%8.8%22.5%-6.9%
Adj EPS NA-184.8%NANA
Share Price 18.4% -4.4% 37.7% 29.3%

Key Financial Parameters

Performance Ratio Colour Code Guide

Return on Equity % -29.5-0.7-14.8-1.414.8-1.4-3.7-1.9-10.1-6-10.2
Op. Profit Mgn %
Net Profit Mgn % -3.9-0.1-3-0.33.7-0.5-1.4-0.6-1.8-1.1-2
Debt to Equity
Working Cap Days 1291572101951962282612421741680
Cash Conv. Cycle 51688980891041196058510

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 22.48%

Return on Equity is Poor

Sales growth is not so good in last 4 quarters at -28.87%

Latest Financials - Mirc Electronics Ltd.

Standalone Consolidated
TTM EPS (₹) -0.8 -0.8
TTM Sales (₹ Cr.) 949 772
BVPS (₹.) 8 0
Reserves (₹ Cr.) 162 112
P/BV 2.78 0.00
PE 0.00 0.00
From the Market
52 Week Low / High (₹) 11.10 / 25.59
All Time Low / High (₹) 1.96 / 64.70
Market Cap (₹ Cr.) 513
Equity (₹ Cr.) 23.1
Face Value (₹) 1
Industry PE 96.7

Management X-Ray of MIRC Electronics :

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *34.5134.5134.5134.5134.5134.5134.5134.5134.5134.51
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of MIRC Electronics

Adj EPS (Rs.)
Sales (Cr.)
ROE (%)
ROCE (%)


Mirc Electronics Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of MIRC Electronics on 22-Sep-2023 18:01 is : 21.79.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 22-Sep-2023 18:01 the market cap of MIRC Electronics stood at ₹ 513.4.
The latest PE ratio of MIRC Electronics as of 22-Sep-2023 18:01 is 0.00.
The latest PB ratio of MIRC Electronics as of 22-Sep-2023 18:01 is 2.78
The 52-week high of MIRC Electronics is ₹ 25.59 and the 52-week low is ₹ 11.10.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue / sales of MIRC Electronics is ₹ 948.5 ( Cr.) .

About Mirc Electronics Ltd

Mirc Electronics Limited commenced its journey in 1981. Starting with a goal of manufacturing televisions sets, it transformed into a complete consumer durable company with a wide product portfolio including Flat panel TVs (LED LCD TVs), Air Conditioners, Washing Machines, Microwave Ovens, DVD Home Theatre systems, Mobile phones, Projector systems and LED lights. The company markets its products under the brand name ‘ONIDA’.

Onida has been an enduring brand in the Indian Consumer Durable space, and has won the trust of millions of consumers with its high quality products. Being an Indian company, the company understands the unique requirements of the Indian consumer - more than any other company does. This has found expression in so many of the innovative products that have been launched over the years. This understanding of the consumer is one of the core strengths of the company that has enabled it to compete in the market.

In the annals of Indian advertising, Onida enjoys a storied past. The advertisements that Onida brought out broke all conventions and are a defining feature of the organisation. The company created amongst the most powerful icons in advertising, the Onida Devil, and amongst the most memorable taglines, ‘Neighbour’s envy. Owner’s pride.’

With a Maverick leadership team, Onida has become a torch-bearer for consumer-centric innovations and unconventional communication. Onida has often been voted as the top most trusted consumer durable brand in India - a reflection of its continued success.

Business area of the company

The Company is engaged in the business of manufacture and marketing of consumer electronics goods primarily under the brand named ‘Onida’ and ‘IGO’. The Company has three manufacturing plants viz, Wada (Maharashtra), Lote-Parshuram, Chiplun (Maharashtra) and Roorkee-II (Uttarakhand).

Product categories

  • Television
  • Washing Machine
  • Air Conditioner
  • Microwave Ovens


  • 1981: MIRC Electronics was established as a private limited company.
  • 1982: Company started the production of CTV at Nand Bhavan, Mumbai.
  • 1983: The company entered into a technical collaboration with JVC, Japan for CTV.
  • 1985: Company set up an in-house R&D unit.
  • 1986: IRC Electronics expanded its production capacity and unit was shifted to Kalina.
  • 1990: Company started the production of Tuner.
  • 1991: Akasaka, PCB plant commences its operation. Company established manufacturing plant for CTV in Vasai.
  • 1992: Company crossed 1 million CTV sales mark.
  • 1995: Company received ISO 9001 certification for its quality management.
  • 1998: Company was awarded for excellence in electronics by ministry of IT.
  • 1999: It became first company in India to develop Internet enabled CTV.
  • 2000: Company launched the KY Thunder, Profile Series.
  • 2001: Company won AV Max award for best CTV. It launched Onida Black, flat CTV range. The same year it launched multimedia projectors. Company commenced project to increase CTV capacity to 1 million
  • 2002: It completed project of expanding capacity from 600K CTVs to 1.2 million CTV's per year. Company launched 'KY Theatre'- its first complete Home Theatre package with circle surround sound. Company launched its economy brand-'Igo'. Company also launched VCD player.
  • 2003: It launched world's first LCD remote 'i-Control'. The same year it launched air-conditioners, rear projection TV, plasma TV and DVD players and fully automatic front loading washing machines. Company started its operation in Russia.
  • 2004: Company launched its 'Oxygen Series' CTV. The same year it microwave oven.
  • 2005: Company launched its 'POISON' range of CTV's.
  • 2006: Ranked 2nd as per Total Income in the Consumer Durables / Domestic Appliances Sector by Dun and Bradstreet's India's Top 500 Companies 2006.
  • 2009: 'Star Performer Certificate' awarded to the Company from Urjavaran Foundation for the most Energy Efficient Air Conditioners.
  • 2012: ONIDA ranked 38th position in The Brand Trust Report, India Study 2012' and 2nd in the Sub- Category of Appliances Onida Launched Projectors in India.
  • 2013: Won an award from MICE Travel Mart Corporate Star Awards 2013 for 'Best Incentive program for Distributors/Dealers Onida ranked 27th position in the The Brand Trust Report, India Study 2013.
  • 2014: The Company was appointed as the authorised national distributor for Vivitek range of Data Projectors.
  • 2015: The Company launched the I-genius Smart Air Conditioners. This AC is based on the Internet of Things (IOT) technology and can be completely controlled from the owner’s Smart Phone through Wi-Fi.
  • 2016: Regalio Invertor AC Launched - Taking Artificial Intelligence to the next level, Introducing Smart Wi-Fi AC with Inverter technology which caters to the taste of evolving Indian consumers.
  • 2018: Launched the KY Super thunder reloaded, maximum impact maximum sound powered by Android 7.0.
  • 2018: Launched The UIC SERIES, A google certified artificial Intelligence 4k UHD TV powered by Android 8.0
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