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MIRC Electronics Limited
(MIRCELECTR)
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Rating:45Neutral
Price Target:
₹35.00
▼(-8.18% Downside)
Action:Reiterated
Date:08/24/26
The score is held down primarily by weak financial performance (shrinking revenue, sizable 2026 losses, and very large operating/free-cash-flow outflows). Technicals add a modest drag due to below-key short-term moving averages and negative momentum signals, while valuation is only slightly supportive because the negative P/E reflects loss-making results and no dividend yield is available.
Positive Factors
Manageable leverage
Debt remains below equity in the reported periods, providing a more manageable capital structure than a highly leveraged model. This can preserve financing flexibility while the company works to restore profitability.
Negative Factors
Multi-year revenue contraction
A sustained decline in revenue indicates weakening product demand, distribution reach, or competitive position rather than a one-period setback. Lower scale can reduce purchasing leverage and make it harder to absorb fixed operating costs.
Read all positive and negative factors
Positive Factors
Negative Factors
Manageable leverage
Debt remains below equity in the reported periods, providing a more manageable capital structure than a highly leveraged model. This can preserve financing flexibility while the company works to restore profitability.
Read all positive factors
MIRC Electronics Limited (MIRCELECTR) vs. iShares MSCI India ETF (INDA)
Market Cap
₹12.89B
Dividend Yield3.86%
Average Volume (3M)40.11K
Price to Earnings (P/E)―
Beta (1Y)1.45
Revenue Growth6.34%
EPS Growth-221.02%
CountryIN
Employees484
SectorGeneral
Sector StrengthN/A
IndustryFurnishings, Fixtures & Appliances
Share Statistics
EPS (TTM)-0.78
Shares Outstanding369,392,360
10 Day Avg. Volume35,016
30 Day Avg. Volume40,114
Financial Highlights & Ratios
PEG Ratio>-0.01
Price to Book (P/B)3.34
Price to Sales (P/S)1.20
P/FCF Ratio-5.81
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
MIRC Electronics Limited Business Overview & Revenue Model
Company Description
MIRC Electronics Ltd. is an Indian company dedicated to the manufacturing and marketing of consumer electronics and durables. Operating under its Onida and IGO brands, the company's diverse product range includes LED and LCD televisions, air condi...
How the Company Makes Money
MIRC Electronics Limited primarily makes money by selling ONIDA-branded consumer durable products through its distribution and retail channels. Revenue is generated from (1) product sales across key categories such as televisions and air condition...
MIRC Electronics Limited Financial Statement Overview
Summary
Income Statement
22
Negative
Balance Sheet
48
Neutral
Cash Flow
18
Very Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 6.72B | 6.60B | 7.47B | 9.67B | 11.10B | 11.91B |
| Gross Profit | 917.00M | 248.80M | 760.66M | 819.68M | 1.51B | 1.42B |
| EBITDA | 41.20M | -518.60M | 172.46M | -405.24M | 74.64M | 17.82M |
| Net Income | -183.60M | -747.40M | -23.00M | -622.08M | -124.70M | -200.71M |
Balance Sheet | ||||||
| Total Assets | 4.84B | 5.24B | 5.28B | 5.70B | 5.29B | 7.04B |
| Cash, Cash Equivalents and Short-Term Investments | 168.70M | 817.90M | 232.10M | 51.13M | 124.60M | 56.44M |
| Total Debt | 486.60M | 776.20M | 1.02B | 1.04B | 817.40M | 683.33M |
| Total Liabilities | 3.27B | 2.86B | 4.02B | 4.41B | 3.38B | 5.01B |
| Stockholders Equity | 1.57B | 2.38B | 1.26B | 1.28B | 1.91B | 2.03B |
Cash Flow | ||||||
| Free Cash Flow | -746.60M | -1.37B | 299.90M | -69.64M | -92.40M | 155.07M |
| Operating Cash Flow | -605.80M | -1.19B | 309.50M | -45.50M | -87.60M | 244.83M |
| Investing Cash Flow | 269.90M | -311.60M | -77.50M | -22.10M | 75.00M | 31.24M |
| Financing Cash Flow | 313.30M | 1.59B | -239.70M | 80.01M | -5.10M | -300.95M |
MIRC Electronics Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | ₹53.16B | 32.74 | ― | ― | 13.66% | 49.21% | |
67 Neutral | ₹10.94B | 22.85 | ― | 0.44% | 11.43% | 31.94% | |
57 Neutral | ₹103.53B | 40.70 | ― | 0.62% | 6.03% | -30.48% | |
56 Neutral | ₹148.52B | -66.83 | ― | 1.28% | 7.87% | -142.53% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
53 Neutral | ₹39.48B | -90.17 | ― | 0.88% | -5.30% | -140.84% | |
45 Neutral | ₹12.89B | -16.71 | ― | 3.86% | 6.34% | -221.02% |
* General Sector Average
IN:MIRCELECTR
MIRC Electronics Limited
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17.07%
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Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.