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Consolidated Standalone

MIRC Electronics

₹23.8 0.2 | 0.8%

Market Cap ₹550 Cr.

Stock P/E -29.9

P/B 3.1

Current Price ₹23.8

Book Value ₹ 7.8

Face Value 1

52W High ₹30.7

Dividend Yield 0%

52W Low ₹ 12.6

Edit Ratio

MIRC Electronics Research see more...

Overview Inc. Year: 1981Industry: Consumer Durables - Electronics

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 Share Price

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Peer Comparison

MIRC Electronics Quarterly Results

#(Fig in Cr.) Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
Net Sales 393 379 246 345 269 271 225 183 193 295
Other Income 4 0 0 1 0 1 0 2 3 1
Total Income 397 379 247 346 269 273 225 186 196 295
Total Expenditure 385 371 246 341 267 271 225 187 196 288
Operating Profit 11 8 0 4 2 2 -0 -1 -0 7
Interest 4 4 3 2 3 2 4 3 4 4
Depreciation 2 2 2 2 2 2 3 2 2 2
Exceptional Income / Expenses 0 0 -17 0 0 0 0 0 0 0
Profit Before Tax 6 3 -22 0 -3 -3 -7 -6 -6 2
Provision for Tax 0 0 0 0 0 0 0 0 0 0
Profit After Tax 6 3 -22 0 -3 -3 -7 -6 -6 2
Adjustments 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments 6 3 -22 0 -3 -3 -7 -6 -6 2
Adjusted Earnings Per Share 0.2 0.1 -0.9 0 -0.1 -0.1 -0.3 -0.3 -0.3 0.1

MIRC Electronics Profit & Loss

#(Fig in Cr.) Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
Net Sales 1303 1296 1071 772 729 728 644 604 766 1192 1110 896
Other Income 7 1 1 3 2 5 4 3 2 16 4 6
Total Income 1310 1297 1072 775 731 733 648 607 768 1208 1114 902
Total Expenditure 1302 1304 1030 773 695 686 628 600 752 1189 1107 896
Operating Profit 8 -8 41 3 35 47 20 7 16 19 7 6
Interest 39 38 33 29 21 14 15 12 15 14 11 15
Depreciation 16 14 14 12 10 9 8 7 7 8 9 9
Exceptional Income / Expenses 0 0 9 5 -24 0 -2 0 8 -17 0 0
Profit Before Tax -47 -60 3 -33 -19 23 -4 -11 2 -20 -12 -17
Provision for Tax -18 0 3 -6 0 0 0 0 0 0 0 0
Profit After Tax -29 -60 1 -27 -19 23 -4 -11 2 -20 -12 -17
Adjustments 0 0 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments -29 -60 1 -27 -19 23 -4 -11 2 -20 -12 -17
Adjusted Earnings Per Share -1.8 -3.8 0 -1.4 -0.9 1 -0.2 -0.5 0.1 -0.9 -0.5 -0.8

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR -7% 22% 9% -2%
Operating Profit CAGR -63% 0% -32% -1%
PAT CAGR 0% 0% NAN% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 73% 11% 6% 17%
ROE Average -6% -5% -4% -8%
ROCE Average -1% 1% 1% 2%

MIRC Electronics Balance Sheet

#(Fig in Cr.) Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Shareholder's Funds 199 139 167 146 124 237 234 222 224 203 191
Minority's Interest 0 0 0 0 0 0 0 0 0 0 0
Borrowings 0 0 0 8 5 3 18 13 8 15 12
Other Non-Current Liabilities 0 0 2 3 4 6 6 6 11 9 9
Total Current Liabilities 526 530 506 436 384 297 256 337 423 478 318
Total Liabilities 725 669 674 592 517 543 513 577 666 705 530
Fixed Assets 154 152 127 115 114 106 101 96 87 92 87
Other Non-Current Assets 75 64 61 67 35 39 50 53 37 41 56
Total Current Assets 496 454 486 410 369 397 362 429 543 572 387
Total Assets 725 669 674 592 517 543 513 577 666 705 530

MIRC Electronics Cash Flow

#(Fig in Cr.) Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Opening Cash & Cash Equivalents 29 29 25 18 17 15 18 7 1 0 0
Cash Flow from Operating Activities 23 55 44 22 50 47 -15 -4 15 24 -9
Cash Flow from Investing Activities -10 1 6 13 -15 -2 2 0 -1 3 8
Cash Flow from Financing Activities -13 -59 -57 -38 -37 -43 2 -2 -7 -30 -1
Net Cash Inflow / Outflow 1 -4 -7 -3 -2 3 -11 -6 7 -2 -2
Closing Cash & Cash Equivalent 29 25 18 15 15 18 7 1 8 6 4

MIRC Electronics Ratios

# Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Earnings Per Share (Rs) -1.8 -3.76 0.04 -1.38 -0.91 1.02 -0.19 -0.5 0.08 -0.87 -0.54
CEPS(Rs) -0.81 -2.86 0.76 -0.78 -0.41 1.43 0.17 -0.21 0.37 -0.53 -0.15
DPS(Rs) 0 0 0 0 0 0 0 0 0 0 0
Book NAV/Share(Rs) 12.47 8.71 8.5 7.13 5.87 9.5 9.33 9.61 9.68 8.8 8.26
Core EBITDA Margin(%) 0.05 -0.63 3.57 -0.09 4.37 5.75 2.58 0.76 1.76 0.28 0.3
EBIT Margin(%) -0.59 -1.59 3.24 -0.54 0.17 5.1 1.61 0.08 2.2 -0.5 -0.14
Pre Tax Margin(%) -3.41 -4.37 0.31 -4.07 -2.51 3.19 -0.68 -1.9 0.25 -1.68 -1.12
PAT Margin (%) -2.08 -4.37 0.07 -3.31 -2.51 3.19 -0.68 -1.9 0.25 -1.68 -1.12
Cash Profit Margin (%) -0.93 -3.33 1.33 -1.88 -1.15 4.48 0.6 -0.8 1.12 -1.03 -0.31
ROA(%) -3.81 -8.6 0.12 -4.27 -3.47 4.43 -0.83 -2.1 0.3 -2.93 -2.02
ROE(%) -13.43 -35.5 0.53 -17.61 -14.57 13.67 -2.02 -5.24 0.85 -9.41 -6.33
ROCE(%) -1.87 -4.89 9.27 -1.22 0.41 12.97 3.52 0.17 5.52 -2.07 -0.58
Receivable days 34.5 34.22 40.6 57.57 61.19 64.22 71.85 59.89 46.11 33.22 31.53
Inventory Days 73.58 64.55 83.9 117.07 106.29 106.69 124.51 164.28 162.88 119.21 114.55
Payable days 46.53 56.28 72.52 107.17 102.21 105.87 117.54 147.32 141.25 107.73 102.31
PER(x) 0 0 233.09 0 0 45.42 0 0 167.93 0 0
Price/Book(x) 0.47 0.5 1.13 1.43 2.39 4.86 2.35 0.42 1.42 2.15 1.42
Dividend Yield(%) 0 0 0 0 0 0 0 0 0 0 0
EV/Net Sales(x) 0.27 0.24 0.36 0.5 0.61 1.5 0.87 0.27 0.49 0.41 0.31
EV/Core EBITDA(x) 45.89 -41.38 9.27 151.78 12.55 23.24 27.81 23.18 23.8 25.8 45.6
Net Sales Growth(%) -21.01 -0.53 -17.38 -27.89 -5.6 -0.09 -11.49 -6.23 26.73 55.67 -6.87
EBIT Growth(%) -43.51 -167.7 266.52 -112.11 129.78 2765.44 -72.34 -95.1 3206.35 -135.57 73.75
PAT Growth(%) 26.46 -109.42 101.34 -3451.48 28.77 222.09 -118.74 -160.54 116.45 -1163.95 37.88
EPS Growth(%) 26.46 -109.42 101.09 -3449.31 33.99 211.94 -118.74 -160.55 116.45 -1163.77 37.89
Debt/Equity(x) 1.45 1.93 1.27 1.43 1.35 0.23 0.32 0.36 0.38 0.33 0.42
Current Ratio(x) 0.94 0.85 0.96 0.94 0.96 1.34 1.41 1.27 1.28 1.2 1.22
Quick Ratio(x) 0.47 0.41 0.4 0.39 0.43 0.58 0.57 0.3 0.44 0.31 0.36
Interest Cover(x) -0.21 -0.57 1.1 -0.15 0.06 2.67 0.7 0.04 1.13 -0.43 -0.14
Total Debt/Mcap(x) 3.1 3.88 1.13 1 0.56 0.05 0.14 0.86 0.27 0.15 0.29

MIRC Electronics Shareholding Pattern

# Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
Promoter 53.36 53.36 53.36 53.36 53.36 53.36 53.36 53.36 53.36 53.36
FII 1.22 1.36 1.43 1.13 1.02 1.06 1.06 0.99 0.99 0.01
DII 0 0 0 0 0 0 0 0 0 0
Public 45.41 45.28 45.2 45.51 45.61 45.57 45.58 45.64 45.64 46.62
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Pros

  • Debtor days have improved from 107.73 to 102.31days.
  • Company has reduced debt.
  • Company is almost debt free.

Cons

  • Company has a low return on equity of -5% over the last 3 years.
  • Stock is trading at 3.1 times its book value.

* 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.

MIRC Electronics News

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