MIRC Electronics Limited (IN:MIRCELECTR)
:MIRCELECTR
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MIRC Electronics Limited
(MIRCELECTR)
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Rating:57Neutral
Price Target:
₹35.00
▼(-0.06% Downside)
Action:ReiteratedDate:04/24/26
The score is held back primarily by weak financial performance (declining revenue and continued net losses) despite improved cash flow, while technicals provide a meaningful lift due to strong price trend and positive momentum. Valuation remains pressured given the negative P/E and no stated dividend yield.
Positive Factors
Improved Cash Generation
Operating and free cash flow turning positive in 2025 indicates the business is generating internal liquidity from core operations. This durable improvement reduces near-term financing needs, supports ongoing working capital and maintenance capex, and provides a buffer while profitability is restored.
Negative Factors
Declining Revenue
A sharp drop in revenue is a structural headwind: it reduces scale advantages, limits margin leverage, and makes margin gains insufficient to restore profitability. Without clear revenue stabilization or market share gains, cash generation and earnings recovery remain at risk over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Improved Cash Generation
Operating and free cash flow turning positive in 2025 indicates the business is generating internal liquidity from core operations. This durable improvement reduces near-term financing needs, supports ongoing working capital and maintenance capex, and provides a buffer while profitability is restored.
Read all positive factors
MIRC Electronics Limited (MIRCELECTR) vs. iShares MSCI India ETF (INDA)
Market Cap
₹12.16B
Dividend YieldN/A
Average Volume (3M)95.29K
Price to Earnings (P/E)―
Beta (1Y)1.43
Revenue Growth-14.94%
EPS Growth58.19%
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 consumer durable products under its brand (notably Onida) into the Indian market. Revenue is generated from (1) product sales through distribution/retail channels and other business-to-business sal...
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
28.72
Positive
28.15
Positive
25.80
Positive
Market Momentum
1.24
Negative
65.76
Neutral
77.41
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 27.79, above the 50-day MA of 28.72, and above the 200-day MA of 25.80, indicating a bullish trend. The MACD of 1.24 indicates Negative momentum. The RSI at 65.76 is Neutral, neither overbought nor oversold. The STOCH value of 77.41 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 | ₹1.73B | 26.50 | ― | ― | 13.74% | 31.40% | |
57 Neutral | ₹12.16B | -19.72 | ― | ― | -14.94% | 58.19% | |
48 Neutral | ₹1.10B | 15.87 | ― | ― | 1.66% | -37.91% | |
40 Underperform | ₹1.28B | -2.67 | ― | ― | -28.87% | ― |
* Consumer Defensive Sector Average
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MIRC Electronics Limited Corporate Events
MIRC Electronics Moves to Monetise Key Properties, Assures No Job Cuts
Apr 17, 2026
MIRC Electronics’ board has approved plans to explore the redevelopment, sale or transfer of its Mumbai headquarters property, Onida House, authorising Managing Director Kaval Mirchandani to pursue the transaction subject to regulatory appro...
MIRC Electronics Confirms Dispatch and Publication of EGM Notice
Apr 8, 2026
MIRC Electronics Limited has announced that it has dispatched the notice for its upcoming Extra Ordinary General Meeting, with confirmation of this dispatch published in the Financial Express (English) and Navshakti (Marathi) newspapers. The discl...
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...
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.