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Last Updated: April 2, 2026, 3:20 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 500279 | NSE: MIRCELECTR

MIRC Electronics Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹0.94Overvalued by 96.58%vs CMP ₹27.50

P/E (15.0) × ROE (1.8%) × BV (₹4.24) × DY (2.00%)

Defaults: P/E=15

₹3.68Overvalued by 86.62%vs CMP ₹27.50
MoS: -647.3% (Negative)Confidence: 55/100 (Moderate)Models: All 4: Overvalued
ModelCategoryValueWeightSignal
PE-ROEEarnings₹0.9239%Over (-96.7%)
Net Asset ValueAssets₹4.2524%Over (-84.5%)
EV/EBITDAEnterprise₹2.7320%Over (-90.1%)
Revenue MultipleRevenue₹10.1118%Over (-63.2%)
Consensus (4 models)₹3.68100%Overvalued
Key Drivers: ROE 1.8% is below cost of equity. | Wide model spread (₹1–₹10) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: -1.9% · Defaults: P/E=15

*Investments are subject to market risks

Investment Snapshot

37
MIRC Electronics Ltd scores 37/100 (Weak)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health37/100 · Weak
ROCE 5.4% WeakROE 1.8% WeakD/E 0.62 ModerateInterest Coverage 0.0x RiskyProfitable 1/5 years Inconsistent
Smart Money35/100 · Weak
FII holding stable No changePromoter decreased by 12.86% Caution
Earnings Quality50/100 · Moderate
OPM stable around -2% Steady
Quarterly Momentum35/100 · Weak
Revenue (4Q): -15% YoY Declining
Industry Rank20/100 · Weak
ROCE 5.4% vs industry 14.9% Below peersROE 1.8% vs industry 11.5% Below peers3Y sales CAGR: -14% Shrinking

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 3:20 am

Market Cap 1,016 Cr.
Current Price 27.5
Intrinsic Value₹3.68
High / Low 37.5/11.3
Stock P/E
Book Value 4.24
Dividend Yield0.00 %
ROCE5.35 %
ROE1.81 %
Face Value 1.00
PEG Ratio0.00

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

View Share Price Target for MIRC Electronics Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
MIRC Electronics Ltd 1,016 Cr. 27.5 37.5/11.3 4.240.00 %5.35 %1.81 % 1.00
IKIO Lighting Ltd 882 Cr. 114 259/10446.4 74.50.00 %8.22 %5.55 % 10.0
CWD Ltd 599 Cr. 270 425/16270.3 47.90.00 %9.51 %5.78 % 10.0
Elin Electronics Ltd 523 Cr. 105 234/93.612.7 1120.00 %6.97 %4.38 % 5.00
Focus Lighting & Fixtures Ltd 422 Cr. 62.5 126/57.1116 21.40.00 %14.0 %11.3 % 2.00
Industry Average14,072.20 Cr923.2860.24124.510.23%14.89%11.51%6.44

All Competitor Stocks of MIRC Electronics Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 271225183193295297228151167201141163212
Expenses 271225187196288343223146169201149181220
Operating Profit 0-0-3-37-4656-2-0-8-17-8
OPM % 0%-0%-2%-2%2%-16%2%4%-1%-0%-6%-11%-4%
Other Income 10231111361221
Interest 2434443443354
Depreciation 2322222222222
Profit before tax -3-7-6-62-5101-51-12-2-13
Tax % 0%0%0%0%0%0%0%0%0%0%0%0%0%
Net Profit -3-7-6-62-5101-51-12-2-13
EPS in Rs -0.09-0.26-0.22-0.230.06-1.820.020.05-0.190.04-0.45-0.06-0.35

Last Updated: March 3, 2026, 8:46 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 25, 2026, 1:46 am

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 1,2841,0587597297286446047661,1921,110968747717
Expenses 1,2931,0177606956866286007521,1791,1051,014739751
Operating Profit -940-1344217514145-468-34
OPM % -1%4%-0%5%6%3%1%2%1%0%-5%1%-5%
Other Income 2108-2252310-12261130
Interest 38332921141512151411151516
Depreciation 14141210987789876
Profit before tax -603-33-1923-4-112-20-12-62-2-26
Tax % 0%77%-19%0%0%0%0%0%0%0%0%0%
Net Profit -601-27-1923-4-112-20-12-62-2-26
EPS in Rs -2.520.03-1.13-0.750.84-0.16-0.410.07-0.72-0.44-2.22-0.08-0.82
Dividend Payout % 0%0%0%0%0%0%0%0%0%0%0%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)101.67%-2800.00%29.63%221.05%-117.39%-175.00%118.18%-1100.00%40.00%-416.67%96.77%
Change in YoY Net Profit Growth (%)0.00%-2901.67%2829.63%191.42%-338.44%-57.61%293.18%-1218.18%1140.00%-456.67%513.44%

MIRC Electronics Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

No data available for the compounded sales growth chart.

Balance Sheet

Last Updated: December 10, 2025, 3:05 am

MonthMar 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
CWIP 0000100500002
Investments 2626262344111222
Other Assets 491521451401433408477573611440490454409
Total Assets 669674592517543513577665704529570528484

Reserves and Borrowings Chart

Cash Flow

MonthMar 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
Free Cash Flow 5149356146-13-53017-8-431
CFO/OP -587%104%-1,953%150%112%-90%-91%118%188%-168%8%348%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-277.00-172.00-200.00-133.00-8.00-53.00-75.00-71.00-54.00-77.00-150.00-94.00

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

MonthMar 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%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 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%0.07%
DIIs 0.00%0.00%0.00%0.01%0.00%0.00%0.00%0.01%0.01%0.01%0.01%0.00%
Public 45.58%45.58%45.66%45.64%46.62%46.63%46.64%46.57%46.42%46.62%46.59%59.41%
No. of Shareholders 72,91971,95666,62066,19375,71377,21075,82077,23877,85377,61475,74073,857

Shareholding Pattern Chart

No. of Shareholders

MIRC Electronics Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

This stock is not held by any mutual fund.

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 16Mar 15Mar 14Mar 13Mar 12
FaceValue 1.001.001.001.001.00
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.) -0.350.54-3.26-0.97-1.11
Book Value[Excl.RevalReserv]/Share (Rs.) 7.007.719.0813.4615.63
Book Value[Incl.RevalReserv]/Share (Rs.) 7.007.719.0813.4615.63
Revenue From Operations / Share (Rs.) 39.3154.6691.8391.99118.02
PBDIT / Share (Rs.) 0.012.41-0.550.471.56
PBIT / Share (Rs.) -0.621.63-1.67-0.74-0.05
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 (%) 0.034.40-0.600.511.32
PBIT Margin (%) -1.582.97-1.81-0.80-0.04
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 (%) -8.2620.70-18.00-5.43-0.32
Return On Assets (%) -3.30-0.68-9.27-4.30-4.98
Long Term Debt / Equity (X) 0.050.010.020.000.06
Total Debt / Equity (X) 1.441.432.110.610.62
Asset Turnover Ratio (%) 1.231.591.861.721.98
Current Ratio (X) 0.950.950.860.961.08
Quick Ratio (X) 0.410.400.420.480.48
Inventory Turnover Ratio (X) 1.061.432.041.681.95
Interest Coverage Ratio (X) 0.011.40-0.200.170.62
Interest Coverage Ratio (Post Tax) (X) -0.280.86-0.610.190.05
Enterprise Value (Cr.) 379.47385.24313.52176.59310.79
EV / Net Operating Revenue (X) 0.490.350.240.130.18
EV / EBITDA (X) 1562.278.14-39.8126.1014.00
MarketCap / Net Operating Revenue (X) 0.250.170.050.070.12
Price / BV (X) 1.451.240.530.480.91
Price / Net Operating Revenue (X) 0.250.170.050.070.12
EarningsYield -0.09-0.02-0.90-0.33-0.19

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

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. 746.69 Cr. and Equity Capital is Rs. 23.11 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Consumer ElectronicsOnida House, G-1, MIDC, Mahakali Caves Road, Mumbai Maharashtra 400093Contact not found
Management
NamePosition Held
Mr. Vijay J MansukhaniChairman & Managing Director
Mr. Kaval MirchandaniManaging Director
Mr. Shirish SuvagiaWholeTime Director & CFO
Ms. Nandini MansinghkaInd. Non-Executive Director
Mr. Arvind SharmaInd. Non-Executive Director
Ms. Mohita AroraInd. Non-Executive Director
Mr. Milind PokleInd. Non-Executive Director
Mr. Sasha MirchandaniNon Exe.Non Ind.Director

FAQ

What is the intrinsic value of MIRC Electronics Ltd and is it undervalued?

As of 18 April 2026, MIRC Electronics Ltd's intrinsic value is ₹3.68, which is 86.62% lower than the current market price of ₹27.50, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (1.81 %), book value (₹4.24), dividend yield (0.00 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of MIRC Electronics Ltd?

MIRC Electronics Ltd is trading at ₹27.50 as of 18 April 2026, with a FY2026-2027 high of ₹37.5 and low of ₹11.3. The stock is currently in the middle of its 52-week range. Market cap stands at ₹1,016 Cr..

How does MIRC Electronics Ltd's P/E ratio compare to its industry?

MIRC Electronics Ltd has a P/E ratio of , which is below the industry average of 60.24. This is broadly in line with or below the industry average.

Is MIRC Electronics Ltd financially healthy?

Key indicators for MIRC Electronics Ltd: ROCE of 5.35 % is on the lower side compared to the industry average of 14.89%; ROE of 1.81 % is below ideal levels (industry average: 11.51%). Dividend yield is 0.00 %.

Is MIRC Electronics Ltd profitable and how is the profit trend?

MIRC Electronics Ltd reported a net profit of ₹-2 Cr in Mar 2025 on revenue of ₹747 Cr. Compared to ₹-20 Cr in Mar 2022, the net profit shows a mixed trend.

Does MIRC Electronics Ltd pay dividends?

MIRC Electronics Ltd has a dividend yield of 0.00 % at the current price of ₹27.50. The company is currently not paying meaningful dividends.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in MIRC Electronics Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
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