MIRC Electronics Limited (IN:MIRCELECTR)
:MIRCELECTR
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MIRC Electronics Limited
(MIRCELECTR)
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Rating:48Neutral
Price Target:
₹28.00
▼(-20.05% Downside)
Action:ReiteratedDate:03/10/26
The score is held back primarily by weak technicals (below major moving averages with negative MACD) and ongoing profitability issues (continued net losses and negative ROE). Offsetting factors include improved 2025 operating/free cash flow and some margin improvement, but the negative P/E and lack of dividend data limit valuation support.
Positive Factors
Improved cash generation
The shift to positive operating and free cash flow in 2025 indicates the company is generating internal liquidity rather than relying solely on financing. Durable cash generation supports working capital, funds modest reinvestment, and reduces refinancing risk over the next several quarters.
Negative Factors
Persistent net losses
Ongoing net losses and negative return on equity point to structural profitability challenges. Even with cash flow improvements, repeated losses erode shareholder equity and limit the firm's ability to self-fund growth, making sustained recovery dependent on margin or revenue inflection.
Read all positive and negative factors
Positive Factors
Negative Factors
Improved cash generation
The shift to positive operating and free cash flow in 2025 indicates the company is generating internal liquidity rather than relying solely on financing. Durable cash generation supports working capital, funds modest reinvestment, and reduces refinancing risk over the next several quarters.
Read all positive factors
MIRC Electronics Limited (MIRCELECTR) vs. iShares MSCI India ETF (INDA)
Market Cap
₹10.51B
Dividend YieldN/A
Average Volume (3M)95.29K
Price to Earnings (P/E)―
Beta (1Y)1.48
Revenue Growth-30.79%
EPS Growth59.95%
CountryIN
Employees484
SectorConsumer Defensive
Sector Strength42
IndustryFurnishings, Fixtures & Appliances
Share Statistics
EPS (TTM)-0.36
Shares Outstanding369,392,360
10 Day Avg. Volume110,914
30 Day Avg. Volume95,291
Financial Highlights & Ratios
PEG Ratio1.22
Price to Book (P/B)2.14
Price to Sales (P/S)0.36
P/FCF Ratio8.98
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 Limited manufactures and markets electronics and consumer durables in India. It offers LED and LCD televisions, air conditioners, washing machines, microwave ovens, DVD home theatre systems, mobile phones, projector systems, LED l...
How the Company Makes Money
MIRC Electronics primarily makes money by selling branded consumer electronics (historically led by ONIDA televisions) through distribution and retail channels in India. Revenue is generated from product sales (e.g., TVs and related consumer durab...
MIRC Electronics Limited Financial Statement Overview
Summary
Income Statement
45
Neutral
Balance Sheet
55
Neutral
Cash Flow
60
Neutral
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 6.72B | 7.47B | 9.67B | 11.10B | 11.91B | 7.65B |
| Gross Profit | 917.00M | 760.66M | 819.68M | 1.51B | 1.42B | 1.21B |
| EBITDA | 41.20M | 172.46M | -405.24M | 74.64M | 17.82M | 217.24M |
| Net Income | -183.60M | -23.00M | -622.08M | -124.70M | -200.71M | 18.86M |
Balance Sheet | ||||||
| Total Assets | 4.84B | 5.28B | 5.70B | 5.29B | 7.04B | 6.65B |
| Cash, Cash Equivalents and Short-Term Investments | 168.70M | 232.10M | 51.13M | 124.60M | 56.44M | 81.32M |
| Total Debt | 486.60M | 1.02B | 1.04B | 817.40M | 683.33M | 853.47M |
| Total Liabilities | 3.27B | 4.02B | 4.41B | 3.38B | 5.01B | 4.42B |
| Stockholders Equity | 1.57B | 1.26B | 1.28B | 1.91B | 2.03B | 2.24B |
Cash Flow | ||||||
| Free Cash Flow | -746.60M | 299.90M | -69.64M | -92.40M | 155.07M | 95.01M |
| Operating Cash Flow | -605.80M | 309.50M | -45.50M | -87.60M | 244.83M | 153.03M |
| Investing Cash Flow | 269.90M | -77.50M | -22.10M | 75.00M | 31.24M | -8.77M |
| Financing Cash Flow | 313.30M | -239.70M | 80.01M | -5.10M | -300.95M | -71.90M |
MIRC Electronics Limited Technical Analysis
Positive
35.02
Price Trends
28.76
Negative
27.74
Positive
25.04
Positive
Market Momentum
-0.55
Negative
56.11
Neutral
68.68
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:MIRCELECTR, the sentiment is Positive. The current price of 35.02 is above the 20-day moving average (MA) of 25.39, above the 50-day MA of 28.76, and above the 200-day MA of 25.04, indicating a neutral trend. The MACD of -0.55 indicates Negative momentum. The RSI at 56.11 is Neutral, neither overbought nor oversold. The STOCH value of 68.68 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:MIRCELECTR.
MIRC Electronics Limited Peers Comparison
UnderperformOutperform
Sector (62)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% | |
59 Neutral | ₹1.52B | 26.50 | ― | ― | 10.59% | 82.10% | |
49 Neutral | ₹592.81M | 15.87 | ― | ― | 7.37% | -2.12% | |
48 Neutral | ₹10.51B | -19.72 | ― | ― | -30.79% | 59.95% | |
40 Underperform | ₹1.17B | -2.67 | ― | ― | -36.99% | ― |
* Consumer Defensive Sector Average
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MIRC Electronics Limited Corporate Events
MIRC Electronics Grants ESOPs, Plans Name Change and Calls EGM
Mar 31, 2026
MIRC Electronics has moved to strengthen leadership incentives by granting 29.5 crore stock options to Chief Executive Officer Gunjan Srivastava under its 2023 employee stock option plan, following recommendations from its Nomination and Remunerat...
MIRC Electronics Opens Special Window for Legacy Physical Share Demat and Transfers
Feb 26, 2026
MIRC Electronics has notified exchanges and shareholders about the opening of a special window to facilitate the transfer and dematerialisation of physical securities that were sold or purchased before April 1, 2019. The company has published stat...
MIRC Electronics Holds Extraordinary General Meeting via Video Conferencing
Jan 16, 2026
MIRC Electronics Limited informed the stock exchanges that it held an Extraordinary General Meeting on January 16, 2026 via video conferencing, in line with permissions granted by the Ministry of Corporate Affairs and SEBI. The meeting, chaired by...
MIRC Electronics Revamps ESOP Scheme and Appoints New Statutory Auditor
Jan 16, 2026
MIRC Electronics Limited has approved key governance changes at an Extraordinary General Meeting held on 16 January 2026, including modifications to its 2023 Employee Stock Option Plan, signaling ongoing adjustments to its employee incentive struc...
MIRC Electronics Modifies ESOP 2023 Scheme and Appoints New Statutory Auditor
Jan 16, 2026
MIRC Electronics Limited has informed the exchanges that shareholders, at an extraordinary general meeting held on 16 January 2026, approved a modification to the MIRC Electronics Employee Stock Option Plan 2023, a move that is likely aimed at ref...
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.