Is Mirc Electronics 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 .

Is Mirc Electronics 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 .

What is Mirc Electronics share price return in the past 10 years?

Mirc Electronics Ltd share price has appreciated 7.5% annually (CAGR) over the past ten years.

Is Mirc Electronics a good buy now?

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

Mirc Electronics Ltd - Stock Valuation and Financial Performance

Name: Mirc Electronics
Brand: Mirc Electronics

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

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MIRC Electronics Share Price

₹19.45 0.38 1.99%
as on 22-Nov'24 16:59

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

Standalone Basis ^P Consolidated Basis

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

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	TTM
ROCE % ⓘ	-4.9%	9.3%	-1.2%	0.4%	13%	3.5%	0.2%	5.5%	-2.1%	-0.6%	-
Value Creation Index ⓘ	-1.4	-0.3	-1.1	-1.0	-0.1	-0.8	-1.0	-0.6	-1.2	-1.0	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	1,296	1,071	772	729	728	644	604	766	1,192	1,110	971
Sales YoY Gr.	-	-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	-0.1	1.2	-0.2	-0.4	-0.2	-0.9	-0.5	-2.1
YoY Gr.	-	NA	NA	NA	NA	-112.9%	NA	NA	NA	NA	-
BVPS (₹) ⓘ	8.7	8.5	7.1	5.9	9.5	9.3	9.6	9.7	8.8	8.3	5.7
Adj Net Profit ⓘ	-49.9	-1	-23.1	-1.9	26.8	-3.4	-8.4	-4.3	-21.5	-11.8	-48
Cash Flow from Ops. ⓘ	54.6	43.7	21.8	50	47.2	-15.1	-4.2	15.3	24.5	-8.8	-
Debt/CF from Ops. ⓘ	4.9	4.8	9.2	3.4	1.1	-4.6	-18.8	5.6	2.8	-9.1	-

CAGR ⓘ

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%	NA	NA
BVPSⓘ	-0.6%	-2.8%	-4.9%	-6.1%
Share Price	7.5%	21.4%	-6%	13.7%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	TTM
Return on Equity % ⓘ	-29.5	-0.7	-14.8	-1.4	14.8	-1.4	-3.7	-1.9	-10.1	-6	-29.8
Op. Profit Mgn % ⓘ	0.5	4.4	1.2	4.8	6.6	2.6	1.5	1.8	0.6	0.5	-3
Net Profit Mgn % ⓘ	-3.9	-0.1	-3	-0.3	3.7	-0.5	-1.4	-0.6	-1.8	-1.1	-4.9
Debt to Equity ⓘ	1.9	1.3	1.4	1.4	0.2	0.3	0.4	0.4	0.3	0.4	0.2
Working Cap Days ⓘ	129	157	210	195	196	228	261	242	174	168	98
Cash Conv. Cycle ⓘ	51	68	89	80	89	104	119	60	58	51	9

Recent Performance Summary

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

Sales growth is good in last 4 quarters at 10.73%

Return on Equity is Poor

Latest Financials - Mirc Electronics Ltd.

	Standalone	Consolidated
TTM EPS (₹)	-2.1	-0.8
TTM Sales (₹ Cr.)	971	772
BVPS (₹.) ⓘ	5.7	0
Reserves (₹ Cr.) ⓘ	107	112
P/BV ⓘ	3.44	0.00
PE ⓘ	0.00	0.00

From the Market
52 Week Low / High (₹)	15.80 / 33.00
All Time Low / High (₹)	1.96 / 64.70
Market Cap (₹ Cr.)	449
Equity (₹ Cr.)	23.1
Face Value (₹)	1
Industry PE ⓘ	140.9

Management X-Ray of MIRC Electronics:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

34.51

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

Valuation of MIRC Electronics

Price Calculator

Price Chart

Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

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Key Ratios of MIRC Electronics

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23
Sales	1,296	1,071	772	729	728	644	604	766	1,192	1,110
Operating Expenses ⓘ	1,304	1,030	773	695	686	628	600	752	1,189	1,107
Manufacturing Costs	21	17	13	9	10	11	10	9	8	10
Material Costs	1,052	791	578	533	520	473	457	641	1,044	960
Employee Cost	82	73	71	72	70	68	61	51	61	66
Other Costs ⓘ	150	150	111	82	85	76	71	52	77	71
Operating Profit ⓘ	-9	40	-1	34	42	17	5	13	3	3
Operating Profit Margin (%)	-0.7%	3.7%	-0.1%	4.6%	5.8%	2.6%	0.8%	1.8%	0.3%	0.3%
Other Income ⓘ	1	1	3	2	5	4	3	2	16	4
Interest ⓘ	38	33	29	21	14	15	12	15	14	11
Depreciation ⓘ	14	14	12	10	9	8	7	7	8	9
Exceptional Items ⓘ	0	9	5	-24	0	-2	0	8	-17	0
Profit Before Tax ⓘ	-60	3	-33	-19	23	-4	-11	2	-20	-12
Tax ⓘ	0	3	-6	0	0	0	0	0	0	0
Profit After Tax	-60	1	-27	-19	23	-4	-11	2	-20	-12
PAT Margin (%)	-4.6%	0.1%	-3.5%	-2.6%	3.2%	-0.7%	-1.9%	0.2%	-1.7%	-1.1%
Adjusted EPS (₹)	-3.8	0.0	-1.4	-0.9	1.0	-0.2	-0.5	0.1	-0.9	-0.5
Dividend Payout Ratio (%)	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23
Equity and Liabilities
Shareholders Fund	139	167	140	124	219	216	222	224	203	191
Share Capital ⓘ	14	20	20	21	23	23	23	23	23	23
Reserves ⓘ	125	147	120	103	196	192	199	200	180	168
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	268	212	197	165	48	65	75	78	57	51
Long Term Debt	0	0	8	5	3	18	13	8	15	12
Short Term Debt	268	212	190	160	45	48	61	69	42	40
Trade Payables	211	252	204	173	216	179	248	324	383	214
Others Liabilities ⓘ	52	43	51	55	59	53	33	41	62	74
Total Liabilities ⓘ	669	674	592	517	543	513	577	666	705	530
Fixed Assets
Gross Block	398	391	390	400	364	352	348	338	351	353
Accumulated Depreciation	246	264	275	286	258	250	253	252	259	266
Net Fixed Assetsⓘ	152	127	115	114	106	101	96	87	92	87
CWIP ⓘ	0	0	0	0	1	0	0	5	0	0
Investmentsⓘ	26	26	26	2	3	4	4	1	1	1
Inventories	234	283	241	206	225	215	329	354	424	273
Trade Receivables	125	125	132	125	134	120	79	115	102	90
Cash Equivalents	25	19	15	19	24	13	6	29	18	11
Others Assetsⓘ	107	94	62	51	50	60	63	75	67	69
Total Assets ⓘ	669	674	592	517	543	513	577	666	705	530

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23
Cash Flow From Operating Activity ⓘ	55	44	22	50	47	-15	-4	15	24	-9
PBT ⓘ	-60	3	-33	-19	23	-4	-11	2	-20	-12
Adjustment ⓘ	52	45	31	53	25	17	20	15	40	18
Changes in Working Capital ⓘ	62	-7	16	16	-1	-28	-13	-1	6	-14
Tax Paid ⓘ	0	2	8	0	0	0	0	-1	-1	0
Cash Flow From Investing Activity ⓘ	1	6	13	-15	-2	2	0	-1	3	8
Capex	-3	5	13	11	-1	2	-1	15	-7	1
Net Investments	0	0	-1	-26	0	-1	1	-16	9	5
Others ⓘ	4	0	0	0	0	1	1	0	1	2
Cash Flow From Financing Activityⓘ	-59	-57	-38	-37	-43	2	-2	-7	-30	-1
Net Proceeds from Shares ⓘ	0	32	0	16	72	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	-90	-68	10	-2	-2	15	-4	-1	9	14
Interest Paid ⓘ	-39	-32	-30	-21	-14	-15	-12	-14	-12	-11
Dividend Paid ⓘ	0	0	0	0	0	0	0	0	0	0
Others ⓘ	70	12	-18	-30	-98	2	14	8	-27	-4
Net Cash Flow ⓘ	-4	-7	-3	-2	3	-11	-6	7	-2	-2

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23
Ratios
ROE (%)	-35.5	0.53	-17.61	-14.57	13.67	-2.02	-5.24	0.85	-9.41	-6.33
ROCE (%)	-4.89	9.27	-1.22	0.41	12.97	3.52	0.17	5.52	-2.07	-0.58
Asset Turnover Ratio	1.97	1.67	1.29	1.38	1.39	1.22	1.11	1.23	1.74	1.8
PAT to CFO Conversion(x)	N/A	44	N/A	N/A	2.04	N/A	N/A	7.5	N/A	N/A
Working Capital Days
Receivable Days	34	41	58	61	64	72	60	46	33	32
Inventory Days	65	84	117	106	107	125	164	163	119	115
Payable Days	56	73	107	102	106	118	147	141	108	102

Mirc Electronics Ltd Stock News

Mirc Electronics Ltd FAQs

What is the share price of MIRC Electronics?

Company share prices are keep on changing according to the market conditions. The closing price of MIRC Electronics on 22-Nov-2024 16:59 is ₹19.45.

What is the market cap of MIRC Electronics?

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-Nov-2024 16:59 the market cap of MIRC Electronics stood at ₹449.2.

What is the P/E ratio of MIRC Electronics?

The latest P/E ratio of MIRC Electronics as of 22-Nov-2024 16:59 is 0.00.

What is the P/B ratio of MIRC Electronics?

The latest P/B ratio of MIRC Electronics as of 22-Nov-2024 16:59 is 3.44.

What is the 52-week high and low of MIRC Electronics?

The 52-week high of MIRC Electronics is ₹33.00 and the 52-week low is ₹15.80.

What is the TTM revenue of MIRC Electronics?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of MIRC Electronics is ₹970.5 ( 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

Milestones

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