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MIRC Electronics Overview

MIRC Electronics Ltd is an India-based business enterprise, that's principally engaged inside the manufacturing and buying and selling of electronic objects. The Company is engaged in the business of manufacturing and advertising and marketing consumer electronics goods on the whole under the brand named Onida and IGO. The Company has three manufacturing vegetation, Wada, Maharashtra; Lote-Parshuram, Chiplun, Maharashtra; and Roorkee-II, Uttarakhand.

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MIRC Electronics Key Financials

Market Cap ₹1155 Cr.

Stock P/E -501.8

P/B 3.9

Current Price ₹31.3

Book Value ₹ 7.9

Face Value 1

52W High ₹37.5

Dividend Yield 0%

52W Low ₹ 12.1

MIRC Electronics Share Price

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Volume
Price

MIRC Electronics Quarterly Price

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MIRC Electronics Peer Comparison

MIRC Electronics Quarterly Results

#(Fig in Cr.) Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Net Sales 193 295 297 228 151 167 201 141 163 212
Other Income 3 1 1 3 1 3 4 1 2 3
Total Income 196 295 298 231 153 169 205 141 165 215
Total Expenditure 196 288 343 223 146 169 201 149 181 220
Operating Profit -0 7 -45 8 7 1 3 -7 -15 -5
Interest 4 4 4 3 4 4 3 3 5 4
Depreciation 2 2 2 2 2 2 2 2 2 2
Exceptional Income / Expenses 0 0 0 -2 0 0 2 0 21 -2
Profit Before Tax -6 2 -51 0 1 -5 1 -12 -2 -13
Provision for Tax 0 0 0 0 0 0 0 0 0 0
Profit After Tax -6 2 -51 0 1 -5 1 -12 -2 -13
Adjustments 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments -6 2 -51 0 1 -5 1 -12 -2 -13
Adjusted Earnings Per Share -0.3 0.1 -2.1 0 0.1 -0.2 0 -0.5 -0.1 -0.4

MIRC Electronics Profit & Loss

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 1071 772 729 728 644 604 766 1192 1110 968 747 717
Other Income 1 3 2 5 4 3 2 16 4 7 11 10
Total Income 1072 775 731 733 648 607 768 1208 1114 975 758 726
Total Expenditure 1030 773 695 686 628 600 752 1189 1107 1014 739 751
Operating Profit 41 3 35 47 20 7 16 19 7 -39 19 -24
Interest 33 29 21 14 15 12 15 14 11 15 15 15
Depreciation 14 12 10 9 8 7 7 8 9 8 7 8
Exceptional Income / Expenses 9 5 -24 0 -2 0 8 -17 0 0 0 21
Profit Before Tax 3 -33 -19 23 -4 -11 2 -20 -12 -62 -2 -26
Provision for Tax 3 -6 0 0 0 0 0 0 0 0 0 0
Profit After Tax 1 -27 -19 23 -4 -11 2 -20 -12 -62 -2 -26
Adjustments 0 0 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments 1 -27 -19 23 -4 -11 2 -20 -12 -62 -2 -26
Adjusted Earnings Per Share 0 -1.3 -0.8 0.9 -0.2 -0.5 0.1 -0.8 -0.5 -2.5 -0.1 -1

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR -23% -14% 4% -4%
Operating Profit CAGR 0% 0% 22% -7%
PAT CAGR 0% 0% 0% NAN%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 155% 36% 20% 11%
ROE Average -2% -16% -11% -7%
ROCE Average 5% -5% -2% 1%

MIRC Electronics Balance Sheet

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 167 146 124 237 234 222 224 203 191 128 126
Minority's Interest 0 0 0 0 0 0 0 0 0 0 0
Borrowings 0 8 5 3 18 13 8 15 12 16 14
Other Non-Current Liabilities 2 3 4 6 6 6 11 9 9 9 10
Total Current Liabilities 506 436 384 297 256 337 423 478 318 418 379
Total Liabilities 674 592 517 543 513 577 666 705 529 571 529
Fixed Assets 127 115 114 106 101 96 87 92 87 78 72
Other Non-Current Assets 61 67 35 39 50 53 37 41 55 57 41
Total Current Assets 486 410 369 397 362 429 543 572 387 436 416
Total Assets 674 592 517 543 513 577 666 705 529 571 529

MIRC Electronics Cash Flow

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 25 18 17 15 18 7 1 0 6 4 5
Cash Flow from Operating Activities 44 22 50 47 -15 -4 15 24 -9 -5 31
Cash Flow from Investing Activities 6 13 -15 -2 2 0 -1 3 8 -2 -8
Cash Flow from Financing Activities -57 -38 -37 -43 2 -2 -7 -30 -1 8 -24
Net Cash Inflow / Outflow -7 -3 -2 3 -11 -6 7 -2 -2 1 -1
Closing Cash & Cash Equivalent 18 15 15 18 7 1 8 6 4 5 4

MIRC Electronics Ratios

# Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 0.04 -1.28 -0.84 0.94 -0.18 -0.46 0.08 -0.81 -0.5 -2.5 -0.09
CEPS(Rs) 0.71 -0.73 -0.39 1.32 0.16 -0.2 0.34 -0.49 -0.14 -2.18 0.17
DPS(Rs) 0 0 0 0 0 0 0 0 0 0 0
Book NAV/Share(Rs) 7.89 6.61 5.44 8.81 8.66 8.92 8.98 8.17 7.67 5.16 5.02
Core EBITDA Margin(%) 3.57 -0.09 4.37 5.75 2.58 0.76 1.76 0.28 0.3 -4.75 1.07
EBIT Margin(%) 3.24 -0.54 0.17 5.1 1.61 0.08 2.2 -0.5 -0.14 -4.87 1.65
Pre Tax Margin(%) 0.31 -4.07 -2.51 3.19 -0.68 -1.9 0.25 -1.68 -1.12 -6.43 -0.31
PAT Margin (%) 0.07 -3.31 -2.51 3.19 -0.68 -1.9 0.25 -1.68 -1.12 -6.43 -0.31
Cash Profit Margin (%) 1.33 -1.88 -1.15 4.48 0.6 -0.8 1.12 -1.03 -0.31 -5.6 0.57
ROA(%) 0.12 -4.27 -3.47 4.43 -0.83 -2.1 0.3 -2.93 -2.02 -11.31 -0.42
ROE(%) 0.53 -17.61 -14.57 13.67 -2.02 -5.24 0.85 -9.41 -6.33 -38.97 -1.82
ROCE(%) 9.27 -1.22 0.41 12.97 3.52 0.17 5.52 -2.07 -0.58 -18.81 5.37
Receivable days 40.6 57.57 61.19 64.22 71.85 59.89 46.11 33.22 31.53 47.43 76.75
Inventory Days 83.9 117.07 106.29 106.69 124.51 164.28 162.88 119.21 114.55 96.16 104.58
Payable days 72.52 107.17 102.21 105.87 117.54 147.32 141.25 107.73 102.31 97.4 160.27
PER(x) 233.09 0 0 45.42 0 0 167.93 0 0 0 0
Price/Book(x) 1.13 1.43 2.39 4.86 2.35 0.42 1.42 2.15 1.42 3.42 2.05
Dividend Yield(%) 0 0 0 0 0 0 0 0 0 0 0
EV/Net Sales(x) 0.36 0.5 0.61 1.5 0.87 0.27 0.49 0.41 0.31 0.54 0.45
EV/Core EBITDA(x) 9.27 151.78 12.55 23.24 27.81 23.18 23.8 25.8 45.6 -13.43 17.73
Net Sales Growth(%) -17.38 -27.89 -5.6 -0.09 -11.49 -6.23 26.73 55.67 -6.87 -12.81 -22.87
EBIT Growth(%) 266.52 -112.11 129.78 2765.44 -72.34 -95.1 3206.35 -135.57 73.75 -2900.94 126.09
PAT Growth(%) 101.34 -3451.48 28.77 222.09 -118.74 -160.54 116.45 -1163.95 37.88 -398.95 96.3
EPS Growth(%) 101.09 -3449.31 33.99 211.94 -118.74 -160.53 116.45 -1163.77 37.89 -398.99 96.3
Debt/Equity(x) 1.27 1.43 1.35 0.23 0.32 0.36 0.38 0.33 0.42 0.8 0.81
Current Ratio(x) 0.96 0.94 0.96 1.34 1.41 1.27 1.28 1.2 1.22 1.04 1.1
Quick Ratio(x) 0.4 0.39 0.43 0.58 0.57 0.3 0.44 0.31 0.36 0.47 0.59
Interest Cover(x) 1.1 -0.15 0.06 2.67 0.7 0.04 1.13 -0.43 -0.14 -3.13 0.84
Total Debt/Mcap(x) 1.13 1 0.56 0.05 0.14 0.86 0.27 0.15 0.29 0.23 0.4

MIRC Electronics Shareholding Pattern

# Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Promoter 53.36 53.36 53.36 53.36 53.36 53.36 53.36 53.36 53.36 40.51
FII 0.99 0.99 0.01 0 0 0.07 0.21 0 0.03 0.07
DII 0 0 0 0 0 0 0 0 0 0
Public 45.64 45.64 46.62 46.63 46.63 46.57 46.43 46.63 46.61 59.42
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

MIRC Electronics News

MIRC Electronics Pros & Cons

Pros

  • Company has reduced debt.

Cons

  • Promoter holding is low: 40.51%.
  • Company has a low return on equity of -16% over the last 3 years.
  • Debtor days have increased from 97.4 to 160.27days.
  • Stock is trading at 3.9 times its book value.
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