MIRC Electronics Ltd
Incorporated in 1981, MIRC Electronics Ltd manufactures and trades consumer electronic products[1]
- Market Cap ₹ 742 Cr.
- Current Price ₹ 32.0
- High / Low ₹ 32.0 / 15.5
- Stock P/E
- Book Value ₹ 5.56
- Dividend Yield 0.00 %
- ROCE -18.7 %
- ROE -39.0 %
- Face Value ₹ 1.00
Pros
Cons
- Stock is trading at 5.76 times its book value
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of 8.48% over past five years.
- Company has a low return on equity of -14.4% over last 3 years.
- Promoters have pledged 34.5% of their holding.
- Debtor days have increased from 40.6 to 61.1 days.
* 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
Sector: Consumer Durables Industry: Electronics - Consumer
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
1,296 | 1,284 | 1,058 | 759 | 729 | 728 | 644 | 604 | 766 | 1,192 | 1,110 | 968 | 1,012 | |
1,290 | 1,293 | 1,017 | 760 | 695 | 686 | 628 | 600 | 752 | 1,179 | 1,105 | 1,014 | 1,050 | |
Operating Profit | 6 | -9 | 40 | -1 | 34 | 42 | 17 | 5 | 14 | 14 | 5 | -46 | -38 |
OPM % | 0% | -1% | 4% | -0% | 5% | 6% | 3% | 1% | 2% | 1% | 0% | -5% | -4% |
2 | 2 | 10 | 8 | -22 | 5 | 2 | 3 | 10 | -12 | 2 | 6 | 5 | |
Interest | 39 | 38 | 33 | 29 | 21 | 14 | 15 | 12 | 15 | 14 | 11 | 15 | 15 |
Depreciation | 16 | 14 | 14 | 12 | 10 | 9 | 8 | 7 | 7 | 8 | 9 | 8 | 8 |
Profit before tax | -47 | -60 | 3 | -33 | -19 | 23 | -4 | -11 | 2 | -20 | -12 | -62 | -56 |
Tax % | -39% | 0% | 77% | -19% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | |
-29 | -60 | 1 | -27 | -19 | 23 | -4 | -11 | 2 | -20 | -12 | -62 | -56 | |
EPS in Rs | -1.46 | -3.06 | 0.04 | -1.38 | -0.91 | 1.02 | -0.19 | -0.50 | 0.08 | -0.87 | -0.54 | -2.69 | -2.40 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | -3% |
5 Years: | 8% |
3 Years: | 8% |
TTM: | 7% |
Compounded Profit Growth | |
---|---|
10 Years: | 0% |
5 Years: | % |
3 Years: | % |
TTM: | -179% |
Stock Price CAGR | |
---|---|
10 Years: | 15% |
5 Years: | 25% |
3 Years: | 27% |
1 Year: | 56% |
Return on Equity | |
---|---|
10 Years: | -6% |
5 Years: | -10% |
3 Years: | -14% |
Last Year: | -39% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 14 | 14 | 20 | 20 | 21 | 23 | 23 | 23 | 23 | 23 | 23 | 23 |
Reserves | 185 | 125 | 147 | 120 | 103 | 196 | 192 | 199 | 200 | 180 | 168 | 105 |
288 | 268 | 212 | 199 | 167 | 50 | 70 | 80 | 85 | 68 | 82 | 104 | |
238 | 263 | 296 | 253 | 226 | 273 | 228 | 276 | 357 | 433 | 257 | 337 | |
Total Liabilities | 725 | 669 | 674 | 592 | 517 | 543 | 513 | 577 | 665 | 704 | 529 | 570 |
154 | 152 | 127 | 115 | 114 | 106 | 101 | 96 | 87 | 92 | 87 | 78 | |
CWIP | 8 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 5 | 0 | 0 | 0 |
Investments | 26 | 26 | 26 | 26 | 2 | 3 | 4 | 4 | 1 | 1 | 1 | 2 |
537 | 491 | 521 | 451 | 401 | 433 | 408 | 477 | 573 | 611 | 440 | 490 | |
Total Assets | 725 | 669 | 674 | 592 | 517 | 543 | 513 | 577 | 665 | 704 | 529 | 570 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
23 | 55 | 44 | 22 | 50 | 47 | -15 | -4 | 15 | 24 | -9 | -5 | |
-10 | 1 | 6 | 13 | -15 | -2 | 2 | 0 | -1 | 3 | 8 | -2 | |
-13 | -59 | -57 | -38 | -37 | -43 | 2 | -2 | -7 | -30 | -1 | 8 | |
Net Cash Flow | 1 | -4 | -7 | -3 | -2 | 3 | -11 | -6 | 7 | -2 | -2 | 1 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 37 | 35 | 43 | 63 | 63 | 67 | 68 | 48 | 55 | 31 | 29 | 61 |
Inventory Days | 86 | 81 | 131 | 152 | 141 | 157 | 166 | 263 | 202 | 148 | 104 | 98 |
Days Payable | 67 | 73 | 117 | 129 | 118 | 151 | 138 | 198 | 184 | 134 | 82 | 123 |
Cash Conversion Cycle | 57 | 43 | 57 | 87 | 85 | 73 | 95 | 112 | 72 | 46 | 52 | 36 |
Working Capital Days | 60 | 47 | 60 | 71 | 63 | 61 | 80 | 89 | 80 | 39 | 42 | 34 |
ROCE % | -2% | -5% | 7% | -3% | 8% | 13% | 4% | 0% | 3% | 3% | -1% | -19% |
Documents
Announcements
- Change In Senior Management Personnel. 19 Aug
- Announcement under Regulation 30 (LODR)-Newspaper Publication 14 Aug
- Unaudited Financial Results For The Quarter Ended 30.06.2024 13 Aug
- Board Meeting Intimation for Approval Of Unaudited Financial Results Of The Company For The Quarter Ended 30.06.2024. 3 Aug
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
9 Jul - Certificate under Regulation 74 (5) of SEBI (DP) Regulations, 2018 for the quarter ended 30.06.2024.
Annual reports
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
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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