MIRC Electronics Ltd: Share Price Analysis, Intrinsic Value & Fundamentals (2025)

Share Price and Basic Stock Data

Last Updated: March 8, 2025, 11:21 am

Market Cap	365 Cr.
Current Price	15.8
High / Low	33.0/13.2
Stock P/E
Book Value	5.65
Dividend Yield	0.00 %
ROCE	19.9 %
ROE	40.9 %
Face Value	1.00
PEG Ratio	0.00

Stock P/E, Current Price, and Intrinsic Value Over Time

Stock P/E Current Price Intrinsic Value

View Share Price Target for MIRC Electronics Ltd

Competitors of MIRC Electronics Ltd

Stock Name ⇩	Market Cap ⇩	Current Price ⇩	High / Low ⇩	Stock P/E ⇩	Book Value ⇩	Dividend Yield ⇩	ROCE ⇩	ROE ⇩	Face Value ⇩
Misquita Engineering Ltd	46.5 Cr.	126	177/62.0	89.5	30.4	0.00 %	1.57 %	3.43 %	10.0
IKIO Lighting Ltd	1,624 Cr.	210	343/165	38.1	71.2	0.48 %	21.7 %	17.5 %	10.0
Elin Electronics Ltd	587 Cr.	118	282/108	37.5	104	0.00 %	5.08 %	2.75 %	5.00
CWD Ltd	336 Cr.	931	1,144/590	184	91.4	0.00 %	7.92 %	4.56 %	10.0
Calcom Vision Ltd	125 Cr.	89.2	179/77.0	42.4	54.7	0.00 %	6.38 %	1.81 %	10.0
Industry Average	18,126.43 Cr	1,303.96		56.49	106.91	0.25%	16.63%	14.78%	6.50

All Competitor Stocks of MIRC Electronics Ltd

Quarterly Result

Metric	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024
Sales	379.07	246.37	345.19	268.58	271.47	224.98	183.47	193.23	294.51	296.83	227.79	151.37	166.81
Expenses	371.03	246.37	341.47	267.14	271.21	225.37	186.70	196.38	287.80	342.83	223.08	145.71	168.60
Operating Profit	8.04	0.00	3.72	1.44	0.26	-0.39	-3.23	-3.15	6.71	-46.00	4.71	5.66	-1.79
OPM %	2.12%	0.00%	1.08%	0.54%	0.10%	-0.17%	-1.76%	-1.63%	2.28%	-15.50%	2.07%	3.74%	-1.07%
Other Income	0.34	-16.77	0.56	0.26	1.45	0.17	2.49	2.81	0.51	0.68	0.83	1.24	2.58
Interest	3.66	2.78	1.81	2.65	2.25	4.19	3.31	4.05	3.76	3.93	3.29	3.88	4.48
Depreciation	2.07	1.98	2.04	2.07	2.02	2.91	2.17	2.04	1.91	1.86	1.81	1.67	1.58
Profit before tax	2.65	-21.53	0.43	-3.02	-2.56	-7.32	-6.22	-6.43	1.55	-51.11	0.44	1.35	-5.27
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	2.65	-21.53	0.43	-3.02	-2.56	-7.32	-6.22	-6.43	1.55	-51.11	0.44	1.35	-5.27
EPS in Rs	0.11	-0.93	0.02	-0.13	-0.11	-0.32	-0.27	-0.28	0.07	-2.21	0.02	0.06	-0.23

Last Updated: February 28, 2025, 6:24 pm

Below is a detailed analysis of the quarterly data for MIRC Electronics Ltd based on the most recent figures (Dec 2024) and their trends compared to the previous period:

For Sales, as of Dec 2024, the value is ₹166.81 Cr.. The value appears strong and on an upward trend. It has increased from 151.37 Cr. (Sep 2024) to ₹166.81 Cr., marking an increase of ₹15.44 Cr..
For Expenses, as of Dec 2024, the value is ₹168.60 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 145.71 Cr. (Sep 2024) to ₹168.60 Cr., marking an increase of ₹22.89 Cr..
For Operating Profit, as of Dec 2024, the value is ₹-1.79 Cr.. The value appears to be declining and may need further review. It has decreased from 5.66 Cr. (Sep 2024) to ₹-1.79 Cr., marking a decrease of 7.45 Cr..
For OPM %, as of Dec 2024, the value is -1.07%. The value appears to be declining and may need further review. It has decreased from 3.74% (Sep 2024) to -1.07%, marking a decrease of 4.81%.
For Other Income, as of Dec 2024, the value is ₹2.58 Cr.. The value appears strong and on an upward trend. It has increased from 1.24 Cr. (Sep 2024) to ₹2.58 Cr., marking an increase of ₹1.34 Cr..
For Interest, as of Dec 2024, the value is ₹4.48 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 3.88 Cr. (Sep 2024) to ₹4.48 Cr., marking an increase of ₹0.60 Cr..
For Depreciation, as of Dec 2024, the value is ₹1.58 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 1.67 Cr. (Sep 2024) to ₹1.58 Cr., marking a decrease of 0.09 Cr..
For Profit before tax, as of Dec 2024, the value is ₹-5.27 Cr.. The value appears to be declining and may need further review. It has decreased from 1.35 Cr. (Sep 2024) to ₹-5.27 Cr., marking a decrease of 6.62 Cr..
For Tax %, as of Dec 2024, the value is 0.00%. The value remains steady. There is no change compared to the previous period (Sep 2024) which recorded 0.00%.
For Net Profit, as of Dec 2024, the value is ₹-5.27 Cr.. The value appears to be declining and may need further review. It has decreased from 1.35 Cr. (Sep 2024) to ₹-5.27 Cr., marking a decrease of 6.62 Cr..
For EPS in Rs, as of Dec 2024, the value is -0.23. The value appears to be declining and may need further review. It has decreased from ₹0.06 (Sep 2024) to -0.23, marking a decrease of ₹0.29.

Overall, while many items appear to show a positive trend, any significant downward movement warrant further investigation.

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: March 6, 2025, 3:29 pm

Metric	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
Sales	1,296	1,284	1,058	759	729	728	644	604	766	1,192	1,110	968	843
Expenses	1,290	1,293	1,017	760	695	686	628	600	752	1,179	1,105	1,014	880
Operating Profit	6	-9	40	-1	34	42	17	5	14	14	5	-46	-37
OPM %	0%	-1%	4%	-0%	5%	6%	3%	1%	2%	1%	0%	-5%	-4%
Other Income	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	16
Depreciation	16	14	14	12	10	9	8	7	7	8	9	8	7
Profit before tax	-47	-60	3	-33	-19	23	-4	-11	2	-20	-12	-62	-55
Tax %	-39%	0%	77%	-19%	0%	0%	0%	0%	0%	0%	0%	0%
Net Profit	-29	-60	1	-27	-19	23	-4	-11	2	-20	-12	-62	-55
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	-2.36
Dividend Payout %	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2013-2014	2014-2015	2015-2016	2016-2017	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024
YoY Net Profit Growth (%)	-106.90%	101.67%	-2800.00%	29.63%	221.05%	-117.39%	-175.00%	118.18%	-1100.00%	40.00%	-416.67%
Change in YoY Net Profit Growth (%)	0.00%	208.56%	-2901.67%	2829.63%	191.42%	-338.44%	-57.61%	293.18%	-1218.18%	1140.00%	-456.67%

MIRC Electronics Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2013-2014 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:	-3%
5 Years:	8%
3 Years:	8%
TTM:	-6%

Compounded Profit Growth
10 Years:	-1%
5 Years:	%
3 Years:	%
TTM:	-184%

Stock Price CAGR
10 Years:	3%
5 Years:	16%
3 Years:	-9%
1 Year:	-35%

Return on Equity
10 Years:	-6%
5 Years:	-10%
3 Years:	-15%
Last Year:	-41%

Last Updated: Unknown

Balance Sheet

Last Updated: December 14, 2024, 3:09 pm

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
Equity Capital	14	14	20	20	21	23	23	23	23	23	23	23	23
Reserves	185	125	147	126	103	214	210	199	200	180	168	105	107
Borrowings	288	268	212	199	167	50	70	80	85	68	82	104	114
Other Liabilities	238	263	296	247	226	255	210	276	357	433	257	338	308
Total Liabilities	725	669	674	592	517	543	513	577	665	704	529	570	553
Fixed Assets	154	152	127	115	114	106	101	96	87	92	87	78	74
CWIP	8	0	0	0	0	1	0	0	5	0	0	0	0
Investments	26	26	26	26	2	3	4	4	1	1	1	2	2
Other Assets	537	491	521	451	401	433	408	477	573	611	440	490	477
Total Assets	725	669	674	592	517	543	513	577	665	704	529	570	553

Below is a detailed analysis of the balance sheet data for MIRC Electronics Ltd based on the most recent figures (Sep 2024) and their trends compared to the previous period:

For Equity Capital, as of Sep 2024, the value is ₹23.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2024) which recorded ₹23.00 Cr..
For Reserves, as of Sep 2024, the value is ₹107.00 Cr.. The value appears strong and on an upward trend. It has increased from ₹105.00 Cr. (Mar 2024) to ₹107.00 Cr., marking an increase of 2.00 Cr..
For Borrowings, as of Sep 2024, the value is ₹114.00 Cr.. The value appears to be increasing, which may not be favorable. However, Borrowings exceed Reserves, which may signal higher financial risk. It has increased from ₹104.00 Cr. (Mar 2024) to ₹114.00 Cr., marking an increase of 10.00 Cr..
For Other Liabilities, as of Sep 2024, the value is ₹308.00 Cr.. The value appears to be improving (decreasing). It has decreased from ₹338.00 Cr. (Mar 2024) to ₹308.00 Cr., marking a decrease of 30.00 Cr..
For Total Liabilities, as of Sep 2024, the value is ₹553.00 Cr.. The value appears to be improving (decreasing). It has decreased from ₹570.00 Cr. (Mar 2024) to ₹553.00 Cr., marking a decrease of 17.00 Cr..
For Fixed Assets, as of Sep 2024, the value is ₹74.00 Cr.. The value appears to be declining and may need further review. It has decreased from ₹78.00 Cr. (Mar 2024) to ₹74.00 Cr., marking a decrease of 4.00 Cr..
For CWIP, as of Sep 2024, the value is ₹0.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2024) which recorded ₹0.00 Cr..
For Investments, as of Sep 2024, the value is ₹2.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2024) which recorded ₹2.00 Cr..
For Other Assets, as of Sep 2024, the value is ₹477.00 Cr.. The value appears to be declining and may need further review. It has decreased from ₹490.00 Cr. (Mar 2024) to ₹477.00 Cr., marking a decrease of 13.00 Cr..
For Total Assets, as of Sep 2024, the value is ₹553.00 Cr.. The value appears to be declining and may need further review. It has decreased from ₹570.00 Cr. (Mar 2024) to ₹553.00 Cr., marking a decrease of 17.00 Cr..

However, the Borrowings (114.00 Cr.) are higher than the Reserves (₹107.00 Cr.), which may signal higher financial risk.

Overall, while many items appear to show a positive trend, any significant downward movement or items where Borrowings exceed Reserves warrant further investigation.

Reserves and Borrowings Chart

Cash Flow

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Cash from Operating Activity +	23	55	44	22	50	47	-15	-4	15	24	-9	-5
Cash from Investing Activity +	-10	1	6	13	-15	-2	2	0	-1	3	8	-2
Cash from Financing Activity +	-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

Free Cash Flow

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Free Cash Flow	-282.00	-277.00	-172.00	-200.00	-133.00	-8.00	-53.00	-75.00	-71.00	-54.00	-77.00	-150.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

Month	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%	-20%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
Promoters	53.36%	53.36%	53.36%	53.36%	53.36%	53.36%	53.36%	53.36%	53.36%	53.37%	53.37%	53.37%
FIIs	1.22%	1.36%	1.43%	1.13%	1.02%	1.06%	1.06%	0.99%	0.99%	0.01%	0.00%	0.00%
DIIs	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.01%	0.00%	0.00%	0.00%
Public	45.41%	45.28%	45.20%	45.52%	45.62%	45.58%	45.58%	45.66%	45.64%	46.62%	46.63%	46.64%
No. of Shareholders	69,734	71,463	72,338	72,444	74,308	72,919	71,956	66,620	66,193	75,713	77,210	75,820

Shareholding Pattern Chart

No. of Shareholders

This stock is not held by any mutual fund

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 16	Mar 15	Mar 14	Mar 13	Mar 12
FaceValue	1.00	1.00	1.00	1.00	1.00
Basic EPS (Rs.)	-0.99	-0.27	-4.38	-2.20	-2.73
Diluted EPS (Rs.)	-0.99	-0.27	-4.38	-2.20	-2.73
Cash EPS (Rs.)	-0.35	0.54	-3.26	-0.97	-1.11
Book Value[Excl.RevalReserv]/Share (Rs.)	7.00	7.71	9.08	13.46	15.63
Book Value[Incl.RevalReserv]/Share (Rs.)	7.00	7.71	9.08	13.46	15.63
Revenue From Operations / Share (Rs.)	39.31	54.66	91.83	91.99	118.02
PBDIT / Share (Rs.)	0.01	2.41	-0.55	0.47	1.56
PBIT / Share (Rs.)	-0.62	1.63	-1.67	-0.74	-0.05
PBT / Share (Rs.)	-1.18	-0.09	-4.38	-3.48	-2.91
Net Profit / Share (Rs.)	-0.99	-0.23	-4.38	-2.20	-2.73
NP After MI And SOA / Share (Rs.)	-0.99	-0.23	-4.38	-2.20	-2.73
PBDIT Margin (%)	0.03	4.40	-0.60	0.51	1.32
PBIT Margin (%)	-1.58	2.97	-1.81	-0.80	-0.04
PBT Margin (%)	-2.99	-0.18	-4.76	-3.78	-2.46
Net Profit Margin (%)	-2.51	-0.42	-4.76	-2.38	-2.31
NP After MI And SOA Margin (%)	-2.51	-0.42	-4.76	-2.38	-2.31
Return on Networth / Equity (%)	-14.14	-3.01	-48.20	-16.32	-17.45
Return on Capital Employeed (%)	-8.26	20.70	-18.00	-5.43	-0.32
Return On Assets (%)	-3.30	-0.68	-9.27	-4.30	-4.98
Long Term Debt / Equity (X)	0.05	0.01	0.02	0.00	0.06
Total Debt / Equity (X)	1.44	1.43	2.11	0.61	0.62
Asset Turnover Ratio (%)	1.23	1.59	1.86	1.72	1.98
Current Ratio (X)	0.95	0.95	0.86	0.96	1.08
Quick Ratio (X)	0.41	0.40	0.42	0.48	0.48
Inventory Turnover Ratio (X)	1.06	1.43	2.04	1.68	1.95
Interest Coverage Ratio (X)	0.01	1.40	-0.20	0.17	0.62
Interest Coverage Ratio (Post Tax) (X)	-0.28	0.86	-0.61	0.19	0.05
Enterprise Value (Cr.)	379.47	385.24	313.52	176.59	310.79
EV / Net Operating Revenue (X)	0.49	0.35	0.24	0.13	0.18
EV / EBITDA (X)	1562.27	8.14	-39.81	26.10	14.00
MarketCap / Net Operating Revenue (X)	0.25	0.17	0.05	0.07	0.12
Price / BV (X)	1.45	1.24	0.53	0.48	0.91
Price / Net Operating Revenue (X)	0.25	0.17	0.05	0.07	0.12
EarningsYield	-0.09	-0.02	-0.90	-0.33	-0.19

After reviewing the key financial ratios for MIRC Electronics Ltd, here is a detailed analysis based on the latest available data and recent trends:

For FaceValue, as of Mar 16, the value is 1.00. This value is within the healthy range. There is no change compared to the previous period (Mar 15) which recorded 1.00.
For Basic EPS (Rs.), as of Mar 16, the value is -0.99. This value is below the healthy minimum of 5. It has decreased from -0.27 (Mar 15) to -0.99, marking a decrease of 0.72.
For Diluted EPS (Rs.), as of Mar 16, the value is -0.99. This value is below the healthy minimum of 5. It has decreased from -0.27 (Mar 15) to -0.99, marking a decrease of 0.72.
For Cash EPS (Rs.), as of Mar 16, the value is -0.35. This value is below the healthy minimum of 3. It has decreased from 0.54 (Mar 15) to -0.35, marking a decrease of 0.89.
For Book Value[Excl.RevalReserv]/Share (Rs.), as of Mar 16, the value is 7.00. It has decreased from 7.71 (Mar 15) to 7.00, marking a decrease of 0.71.
For Book Value[Incl.RevalReserv]/Share (Rs.), as of Mar 16, the value is 7.00. It has decreased from 7.71 (Mar 15) to 7.00, marking a decrease of 0.71.
For Revenue From Operations / Share (Rs.), as of Mar 16, the value is 39.31. It has decreased from 54.66 (Mar 15) to 39.31, marking a decrease of 15.35.
For PBDIT / Share (Rs.), as of Mar 16, the value is 0.01. This value is below the healthy minimum of 2. It has decreased from 2.41 (Mar 15) to 0.01, marking a decrease of 2.40.
For PBIT / Share (Rs.), as of Mar 16, the value is -0.62. This value is below the healthy minimum of 0. It has decreased from 1.63 (Mar 15) to -0.62, marking a decrease of 2.25.
For PBT / Share (Rs.), as of Mar 16, the value is -1.18. This value is below the healthy minimum of 0. It has decreased from -0.09 (Mar 15) to -1.18, marking a decrease of 1.09.
For Net Profit / Share (Rs.), as of Mar 16, the value is -0.99. This value is below the healthy minimum of 2. It has decreased from -0.23 (Mar 15) to -0.99, marking a decrease of 0.76.
For NP After MI And SOA / Share (Rs.), as of Mar 16, the value is -0.99. This value is below the healthy minimum of 2. It has decreased from -0.23 (Mar 15) to -0.99, marking a decrease of 0.76.
For PBDIT Margin (%), as of Mar 16, the value is 0.03. This value is below the healthy minimum of 10. It has decreased from 4.40 (Mar 15) to 0.03, marking a decrease of 4.37.
For PBIT Margin (%), as of Mar 16, the value is -1.58. This value is below the healthy minimum of 10. It has decreased from 2.97 (Mar 15) to -1.58, marking a decrease of 4.55.
For PBT Margin (%), as of Mar 16, the value is -2.99. This value is below the healthy minimum of 10. It has decreased from -0.18 (Mar 15) to -2.99, marking a decrease of 2.81.
For Net Profit Margin (%), as of Mar 16, the value is -2.51. This value is below the healthy minimum of 5. It has decreased from -0.42 (Mar 15) to -2.51, marking a decrease of 2.09.
For NP After MI And SOA Margin (%), as of Mar 16, the value is -2.51. This value is below the healthy minimum of 8. It has decreased from -0.42 (Mar 15) to -2.51, marking a decrease of 2.09.
For Return on Networth / Equity (%), as of Mar 16, the value is -14.14. This value is below the healthy minimum of 15. It has decreased from -3.01 (Mar 15) to -14.14, marking a decrease of 11.13.
For Return on Capital Employeed (%), as of Mar 16, the value is -8.26. This value is below the healthy minimum of 10. It has decreased from 20.70 (Mar 15) to -8.26, marking a decrease of 28.96.
For Return On Assets (%), as of Mar 16, the value is -3.30. This value is below the healthy minimum of 5. It has decreased from -0.68 (Mar 15) to -3.30, marking a decrease of 2.62.
For Long Term Debt / Equity (X), as of Mar 16, the value is 0.05. This value is below the healthy minimum of 0.2. It has increased from 0.01 (Mar 15) to 0.05, marking an increase of 0.04.
For Total Debt / Equity (X), as of Mar 16, the value is 1.44. This value exceeds the healthy maximum of 1. It has increased from 1.43 (Mar 15) to 1.44, marking an increase of 0.01.
For Asset Turnover Ratio (%), as of Mar 16, the value is 1.23. It has decreased from 1.59 (Mar 15) to 1.23, marking a decrease of 0.36.
For Current Ratio (X), as of Mar 16, the value is 0.95. This value is below the healthy minimum of 1.5. There is no change compared to the previous period (Mar 15) which recorded 0.95.
For Quick Ratio (X), as of Mar 16, the value is 0.41. This value is below the healthy minimum of 1. It has increased from 0.40 (Mar 15) to 0.41, marking an increase of 0.01.
For Inventory Turnover Ratio (X), as of Mar 16, the value is 1.06. This value is below the healthy minimum of 4. It has decreased from 1.43 (Mar 15) to 1.06, marking a decrease of 0.37.
For Interest Coverage Ratio (X), as of Mar 16, the value is 0.01. This value is below the healthy minimum of 3. It has decreased from 1.40 (Mar 15) to 0.01, marking a decrease of 1.39.
For Interest Coverage Ratio (Post Tax) (X), as of Mar 16, the value is -0.28. This value is below the healthy minimum of 3. It has decreased from 0.86 (Mar 15) to -0.28, marking a decrease of 1.14.
For Enterprise Value (Cr.), as of Mar 16, the value is 379.47. It has decreased from 385.24 (Mar 15) to 379.47, marking a decrease of 5.77.
For EV / Net Operating Revenue (X), as of Mar 16, the value is 0.49. This value is below the healthy minimum of 1. It has increased from 0.35 (Mar 15) to 0.49, marking an increase of 0.14.
For EV / EBITDA (X), as of Mar 16, the value is 1,562.27. This value exceeds the healthy maximum of 15. It has increased from 8.14 (Mar 15) to 1,562.27, marking an increase of 1,554.13.
For MarketCap / Net Operating Revenue (X), as of Mar 16, the value is 0.25. This value is below the healthy minimum of 1. It has increased from 0.17 (Mar 15) to 0.25, marking an increase of 0.08.
For Price / BV (X), as of Mar 16, the value is 1.45. This value is within the healthy range. It has increased from 1.24 (Mar 15) to 1.45, marking an increase of 0.21.
For Price / Net Operating Revenue (X), as of Mar 16, the value is 0.25. This value is below the healthy minimum of 1. It has increased from 0.17 (Mar 15) to 0.25, marking an increase of 0.08.
For EarningsYield, as of Mar 16, the value is -0.09. This value is below the healthy minimum of 5. It has decreased from -0.02 (Mar 15) to -0.09, marking a decrease of 0.07.

Overall, while many metrics show healthy performance, any figures highlighted in red or significant downward trends warrant further investigation.

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of MIRC Electronics Ltd as of March 10, 2025 is: ₹28.28

Calculation basis:

Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of March 10, 2025, MIRC Electronics Ltd is Undervalued by 78.99% compared to the current share price 15.80

Default values used*: Default value of 15 for Stock P/E is used

Intrinsic Value of MIRC Electronics Ltd as of March 10, 2025 is: 22.09

Calculation basis:

Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of March 10, 2025, MIRC Electronics Ltd is Undervalued by 39.81% compared to the current share price 15.80

Default values used*: Default value of 15 for Stock P/E is used

Last 5 Year EPS CAGR: -21.89%

*Investments are subject to market risks

Strength and Weakness

Strength	Weakness
The company has higher reserves (159.15 cr) compared to borrowings (137.46 cr), indicating strong financial stability.	The stock has a low average ROCE of 0.58%, which may not be favorable. The stock has a high average Working Capital Days of 60.50, which may not be favorable. The stock has a high average Cash Conversion Cycle of 67.92, which may not be favorable. The company has not shown consistent growth in sales (465.08) and profit (-22.69).

Stock Analysis

Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in MIRC Electronics Ltd:
1. Net Profit Margin: -2.51%
  - Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
2. ROCE: -8.26% (Industry Average ROCE: 16.63%)
  - ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
3. ROE%: -14.14% (Industry Average ROE: 14.78%)
  - ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
4. Interest Coverage Ratio (Post Tax): -0.28
  - Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
5. Quick Ratio: 0.41
  - Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
6. Stock P/E: 0 (Industry average Stock P/E: 56.49)
  - Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
7. Total Debt / Equity: 1.44
  - Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
Stock Rating:

About the Company - Qualitative Analysis

MIRC Electronics Ltd. is a Public Limited Listed company incorporated on 01/01/1981 and has its registered office in the State of Maharashtra, India. Company's Corporate Identification Number(CIN) is L32300MH1981PLC023637 and registration number is 023637. Currently Company is involved in the business activities of Manufacture of consumer electronics. Company's Total Operating Revenue is Rs. 968.04 Cr. and Equity Capital is Rs. 23.11 Cr. for the Year ended 31/03/2024.

INDUSTRY	ADDRESS	CONTACT
Consumer Electronics	Onida House, G-1, MIDC, Mahakali Caves Road, Mumbai Maharashtra 400093	investors@onida.com http://www.onida.com

Management
Name	Position Held
Mr. Gulu L Mirchandani	Chairman & Managing Director
Mr. Vijay J Mansukhani	Managing Director
Mr. Kaval Mirchandani	Whole Time Director
Mr. Shirish Suvagia	WholeTime Director & CFO
Ms. Nandini Mansinghka	Independent Director
Mr. Carlton Pereira	Independent Director
Mr. Arvind Sharma	Independent Director
Ms. Mohita Arora	Independent Director

FAQ

What is the latest intrinsic value of MIRC Electronics Ltd?

The latest intrinsic value of MIRC Electronics Ltd as on 10 March 2025 is ₹28.28, which is 78.99% higher than the current market price of 15.80, indicating the stock is undervalued by 78.99%. The intrinsic value of MIRC Electronics Ltd is calculated using PE ratio method. The stock has a market capitalization of ₹365 Cr. and recorded a high/low of ₹33.0/13.2 during the current fiscal year 2024-2025. As of Sep 2024, the company has reserves of ₹107 Cr and total liabilities of ₹553 Cr.

What is the Market Cap of MIRC Electronics Ltd?

The Market Cap of MIRC Electronics Ltd is 365 Cr..

What is the current Stock Price of MIRC Electronics Ltd as on 10 March 2025?

The current stock price of MIRC Electronics Ltd as on 10 March 2025 is ₹15.8.

What is the High / Low of MIRC Electronics Ltd stocks in FY 2024-2025?

In FY 2024-2025, the High / Low of MIRC Electronics Ltd stocks is ₹33.0/13.2.

What is the Stock P/E of MIRC Electronics Ltd?

The Stock P/E of MIRC Electronics Ltd is .

What is the Book Value of MIRC Electronics Ltd?

The Book Value of MIRC Electronics Ltd is 5.65.

What is the Dividend Yield of MIRC Electronics Ltd?

The Dividend Yield of MIRC Electronics Ltd is 0.00 %.

What is the ROCE of MIRC Electronics Ltd?

The ROCE of MIRC Electronics Ltd is 19.9 %.

What is the ROE of MIRC Electronics Ltd?

The ROE of MIRC Electronics Ltd is 40.9 %.

What is the Face Value of MIRC Electronics Ltd?

The Face Value of MIRC Electronics Ltd is 1.00.