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Mirc Electronics Ltd

₹ 34.34.98%
16 Jan 2:57 p.m. – close price
🔗onida.com•BSE: 500279•NSE: MIRCELECTR
Market Cap₹ 1,268 Cr.
Current Price₹ 34.3
High / Low₹ 36.2
Stock P/Enull
Book Value₹ 5.59
Dividend Yield0.00 %
ROCE5.35 %
ROE-1.81 %
Face Value₹ 1.00
Sales₹ 672 Cr.
OPM-4.10 %
Mar Cap₹ 1,268 Cr.

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 theONIDABrand.Company has another brandIGOfor targeting the rural segments. The company has ventured into Electronic Manufacturing Services for OEMs and 2 new segments viz.Air Coolers and Dish washers

Also present in buckets:
Asset Base ExpansionCapacity Expansion And ProductsPreferential IssuanceCredit Rating UpdatesRed Flags And Poor Performance

Peer Comparision

S.No.NameCurrent Price (Rs.)Price to EarningMarket Capitalization (Rs.Cr.)Dividend yield (%)Net Profit latest quarter (Rs.Cr.)YOY Quarterly profit growth (%)Sales latest quarter (Rs.Cr.)YOY Quarterly sales growth (%)Return on capital employed (%)Sales (Rs.Cr.)OPM (%)Profit after tax (Rs.Cr.)Profit after tax latest quarter (Rs.Cr.)Price to book valueReturn on assets (%)Debt to equity
1.Havells India1427.7061.2089553.500.70318.2818.934779.335.2925.3221667.229.871462.85319.0010.3511.290.03
2.Dixon Technolog.10745.2550.5365208.300.07745.70184.6814855.0428.7939.9548436.923.881292.76670.0015.917.320.34
3.PG Electroplast587.9565.8716775.270.042.76-85.72655.37-2.3719.365036.778.90254.512.765.767.750.20
4.IKIO Tech166.9572.931290.200.0010.89-22.79164.2231.338.22518.179.7917.6910.032.254.850.10
5.MIRC Electronics34.33–1268.130.00-1.78-1754.81163.317.895.35671.69-4.10-41.15-22.346.15-0.420.31
6.CWD360.0092.85791.090.004.19328.9641.15490.399.5167.4923.088.524.197.523.810.59
7.Cellecor Gadgets28.0517.29618.980.0019.5333.58641.4950.6924.211241.725.0735.8119.533.3611.850.80
–Median: 18 Co.123.9325.91271.550.04.1910.8254.6323.7513.74151.319.419.654.192.537.540.16

Quarterly Results

Standalone figures in ₹ crores

Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
Sales
268.58271.47224.98183.47193.23294.51296.83227.79151.37166.81200.72140.85163.31
Expenses
267.14271.21225.37186.70196.38287.80342.83223.08145.71168.60201.16148.89180.61
Operating Profit
1.440.26-0.39-3.23-3.156.71-46.004.715.66-1.79-0.44-8.04-17.30
Other Income
0.261.450.172.492.810.510.680.831.242.586.080.6422.39
Profit before tax
-3.02-2.56-7.32-6.22-6.431.55-51.110.441.35-5.271.18-12.49-1.78
Tax %
0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Net Profit
-3.02-2.56-7.32-6.22-6.431.55-51.110.441.35-5.271.18-12.49-1.78
EPS in Rs
-0.11-0.09-0.26-0.22-0.230.06-1.820.020.05-0.190.04-0.45-0.06

Profit & Loss

Standalone Figures in ₹ Crores / Yearly

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales
1,2841,0587597297286446047661,1921,110968747672
Expenses
1,2931,0177606956866286007521,1791,1051,014739699
Operating Profit
-940-1344217514145-468-28
Other Income
2108-2252310-12261132
Interest
38332921141512151411151516
Depreciation
14141210987789876
Profit before tax
-603-33-1923-4-112-20-12-62-2-18
Net Profit
-601-27-1923-4-112-20-12-62-2-18
EPS in Rs
-2.520.03-1.13-0.750.84-0.16-0.410.07-0.72-0.44-2.22-0.08-0.66
Dividend Payout %
0%0%0%0%0%0%0%0%0%0%0%0%–

Compounded Sales Growth

10 Years:-3%
5 Years:4%
3 Years:-14%
TTM:-31%

Compounded Profit Growth

10 Years:5%
5 Years:12%
3 Years:18%
TTM:10%

Stock Price CAGR

10 Years:10%
5 Years:22%
3 Years:27%
1 Year:60%

Return on Equity

10 Years:-6%
5 Years:-10%
3 Years:-17%
Last Year:-2%

Balance Sheet

Standalone figures in ₹ crores

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital
14202021232323232323232328
Reserves
125147126103214210199200180168105103129
Borrowings
26821219916750708085688210410249
Other Liabilities
263296247226255210276357433257338301278
Total Liabilities
669674592517543513577665704529570528484
Fixed Assets
15212711511410610196879287787271
Gross Block
397.51390.57389.60399.67363.93351.52348.21338.39351.48353.24350.90327.69–
Accumulated Depreciation
245.94263.98274.83285.99258.09250.17252.66251.85259.35266.31272.89255.68–
CWIP
0000100500002
Investments
2626262344111222
Other Assets
491521451401433408477573611440490454409
Total Assets
669674592517543513577665704529570528484

Cash Flows

Standalone Figures in ₹ Crores / Yearly

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity
5544225047-15-41524-9-531
Cash from Investing Activity
1613-15-220-138-2-8
Cash from Financing Activity
-59-57-38-37-432-2-7-30-18-24
Net Cash Flow
-4-7-3-23-11-67-2-21-1

Ratios

Standalone Figures in ₹ Crores / Yearly

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days
354363636768485531296174
Inventory Days
8113115214115716626320214810498124
Days Payable
7311712911815113819818413482123172
Cash Conversion Cycle
4357878573951127246523627
Working Capital Days
-29-13-20-1738535243231917
ROCE %
-5%7%-3%8%13%4%0%3%3%-1%-20%5%

Shareholding Pattern

Numbers in percentages

Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Oct 2025
Promoters
53.36%53.36%53.36%53.36%53.37%53.37%53.37%53.37%53.37%53.37%53.37%40.51%
FIIs
1.06%1.06%0.99%0.99%0.01%0.00%0.00%0.06%0.20%0.00%0.03%0.02%
DIIs
0.00%0.00%0.00%0.01%0.00%0.00%0.00%0.01%0.01%0.01%0.01%0.01%
Public
45.58%45.58%45.66%45.64%46.62%46.63%46.64%46.57%46.42%46.62%46.59%59.46%

* The classifications might have changed from Sep'2022 onwards.ℹ️

BSE Announcements AI Summary

Direct from BSE filings, auto-summarised

MIRC Electronics Board Approves ESOP Grant for CEO, Employee Vesting, and Name Change Proposal

1st April 2026, 2:05 am

MIRC Electronics Board Meeting on March 31 to Discuss Stock Options and Name Change

27th March 2026, 1:23 am

MIRC Electronics Closes Trading Window from April 1 Ahead of Financial Results

25th March 2026, 6:53 pm

Crest Ventures Limited Announces Newspaper Publication for Postal Ballot and E-Voting

26th February 2026, 7:24 pm

MIRC Electronics Announces Special Window for Physical Share Transfer and Dematerialization

26th February 2026, 5:58 pm

Published by Other Websites

External media mentions & references

Small-Cap Stocks Surge: Dozens Hit Upper Circuit Amid Market Rally

9th February 2026, 4:02 pm

Indian Stocks Surge: Price-Volume Breakouts Signal Key Moves for Tomorrow

6th January 2026, 5:46 pm

Low-Priced Stocks Hit Upper Circuit as Broader Market Falls

6th January 2026, 4:06 pm

Jan 6 Stocks: Banks Post Mixed Q3, ONGC JV, Waaree Funding Move Markets

6th January 2026, 7:22 am

Investors Laroia Mona, Generational Capital Boost Stakes in Mirc, KV Toys

5th January 2026, 9:45 pm

News Articles

Editorial & research coverage

Indian Stocks Surge: Price-Volume Breakouts Signal Key Moves for Tomorrow
Indian Stocks Surge: Price-Volume Breakouts Signal Key Moves for Tomorrow

6th January 2026, 5:46 pm

Investors Laroia Mona, Generational Capital Boost Stakes in Mirc, KV Toys
Investors Laroia Mona, Generational Capital Boost Stakes in Mirc, KV Toys

5th January 2026, 9:45 pm

Authum Investment Profit Plummets 70% Amid Auditor Concerns and SEBI Penalty
Authum Investment Profit Plummets 70% Amid Auditor Concerns and SEBI Penalty
MIRC Electronics Revenue Plummets 87%, Net Loss Widens Sharply
MIRC Electronics Revenue Plummets 87%, Net Loss Widens Sharply

Documents

Announcements

Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018

9 Jan - Certificate under Regulation 74(5) of the SEBI (DP) Regulations 2018.

Closure of Trading Window

29 Dec - MIRC Electronics: trading window closed Jan 1, 2026 until 48 hours after Q3/9M FY2026 unaudited results.

Announcement under Regulation 30 (LODR)-Newspaper Publication

24 Dec - Newspaper publication of EGM Notice published in Financial Express (English) and Navshakti (Marathi) newspapers on December 24, 2025.

Notice Of EGM To Be Held On Friday, January 16, 2026 At
Announcement under Regulation 30 (LODR)-Meeting Updates

11 Dec 2025 - Audit Committee reviewed M/s. ASA & Associates LLP resignation dated Nov 14, 2025; found no disputes; integrity unaffected.

Annual Reports

Financial Year 2025

(from bse)

Financial Year 2024

(from bse)

Financial Year 2023

(from bse)

Financial Year 2022

(from bse)

Financial Year 2021

(from bse)

Financial Year 2020

(from bse)

Financial Year 2019

(from bse)

Financial Year 2018

(from bse)

Financial Year 2017

(from bse)

Financial Year 2016

(from bse)

Financial Year 2015

(from bse)

Financial Year 2014

(from bse)

Financial Year 2013

(from bse)

Financial Year 2012

(from bse)

Financial Year 2012

(from nse)

Credit Ratings

Rating update

30 Oct 2025 from infomerics

Rating update

1 Apr 2025 from care

Rating update

23 May 2024 from care

Rating update

8 Jan 2024 from care

Rating update

4 Jan 2023 from care

Rating update

4 Mar 2022 from care

Concalls

Jun 2019

PPT

Feb 2019

PPT

Nov 2018

PPT

Stock Analysis

Description

  1. Incorporated in 1981, MIRC Electronics Ltd manufactures and trades consumer electronic products, primarily under the ONIDA brand.

Key Growth Triggers

  1. Currently no data available for Key Growth Triggers.

Order Book

  1. Currently no data available for Order Book.

Key Red Flags

  1. Appointment of new statutory auditors (M M Nissim & Co LLP) to fill a casual vacancy caused by the resignation of previous auditors (ASA & Associates LLP).
  2. The company has a history of financial losses and negative EPS, as indicated by previous reports, raising concerns about financial stability and oversight.

Key Dates To Watch

  1. Extraordinary General Meeting (EGM) held on January 16, 2026.
  2. Resignation of previous statutory auditors, ASA & Associates LLP, effective November 14, 2025.
  3. New statutory auditors M M Nissim & Co LLP appointed until the conclusion of the next AGM.

Corporate Announcements

31st Mar 26
Impact Rating: 9
MIRC Electronics (ONIDA) board okayed granting 2,95,00,000 stock options to CEO Gunjan Srivastava, alongside employee ESOP vesting details. The company also announced a potential name change, pending approvals, and scheduled an EGM for April 29, 2026.
26th Mar 26
Impact Rating: 2
MIRC Electronics has scheduled a board meeting for March 31, 2026, to review and approve stock options for an employee (above 1% of capital) and to discuss changing the company's name.
25th Mar 26
Impact Rating: 6
MIRC Electronics Limited will close its trading window for Directors and employees from April 1, 2026. The window will reopen 48 hours after the audited financial results for the quarter and fiscal year ended March 31, 2026, are declared and approved by the Board.
26th Feb 26
Impact Rating: -
No description available.
26th Feb 26
Impact Rating: -
No description available.