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MIRC Electronics

MIRCELECTR
Micro Cap
(%) 1D
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1D1W1M3M6M1YMAX

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MIRC Electronics Share price and Fundamental Analysis

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MIRC Electronics Ltd was incorporated in 1981 as a private limited company by Gulu Mirchandani, Vijay Mansukhani and Sonu Mirchandani of the Onida group. Later it transformed as a public limited company in 1992. MIRC is a market leader in consumer electronics goods, it manufactures the well known Onida brand of colour televisions (CTVs), Air Conditioners, Washing Machines, TV-Components & Spares and Electronic Tuners. The company has two subsidiary companies Akasaka Electronics Ltd. and Imercius Technologies (India) Ltd. Other group companies are Onida Saka and Monica Electronics.
Company Incorporation1981
ChairmanGulu L Mirchandani
Head QuartersMumbai
Previous NameNA

Key Metrics

Market Cap (Cr)
726.91
PE Ratio
0
Industry P/E
74.31
PEG Ratio
0
ROE
-1.83%
ROCE
5.41%
ROA
-2.88%
Total Debt (Cr)
101.73
Debt to Equity
0.81
Dividend Yield
0%
EPS
0
Book Value & P/B
6.25 x 4.15
Face Value
1
Outstanding Shares(Cr)
28.04
Current Ratio
1.43
EV to Sales
1.22

Stock Returns

1 Week-4.96%
1 Month-16.72%
6 Months+85%
1 Year+7.44%
3 Years+45.27%
5 Years+210.76%
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Aug 25

Promoters : 53.36%

FIIs : 0.00%

DIIs : 0.01%

Public : 46.63%

Promoter
FII/FPI
DII
Public
Promoter Pledge stands at 28.42% of holding in August 2025 Qtr

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ROE

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Dividend History

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MIRC Electronics Management and History

Company Management

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Company History

MIRC Electronics Ltd was incorporated in 1981 as a private limited company by Gulu Mirchandani, Vijay Mansukhani and Sonu Mirchandani of the Onida group. Later it transformed as a public limited company in 1992. MIRC is a market leader in consumer electronics goods, it manufactures the well known Onida brand of colour televisions (CTVs), Air Conditioners, Washing Machines, TV-Components & Spares and Electronic Tuners. The company has two subsidiary companies Akasaka Electronics Ltd. and Imercius Technologies (India) Ltd. Other group companies are Onida Saka and Monica Electronics.

MIRC tapped the capital market to finance its CTV expansion and diversification into the audio segment. Commercial production at the expanded capacity started from Jul.'1995. The company has opened Onida Arcades, exclusives retail shops and introduced state-of-the-art wide vision TVs and audio systems. The company was awarded ISO 9001 certification during 1994-95.

The company concentrated on reinforcing and improving the penetration of its sales and after sales support infrastructure. During 1997-98, the company came out with a new range of products christened 'Techno Value', which has been launched with considerable success. In 1998-99, it introduced the WEBCRUISER - the world first internet TV, the trendy TV and PIP in the 25' segment. In 1999-2000, the company introduced multi-coloured Candy in the 14 inch TV segment.

In the fiscal 2001, it came out with 29KY Thunder series which was amongst the first 650 watt television set in the world and has embarked on the process to launch a plasma display tube television in collaboration with Fujitsu. With effect from 1st April, 2001 Onida Infotech Services Ltd was merged with MIRC Electronics Ltd. In 2001-02 it had launched the 29 inch Home Theatre, the first to convert a mono recording into a 5.1 output surround sound.

In 2003-04, MIRC decided to come out from its non-core business to strengthen its core business segment. The company sold its Onida Infotech division during the same year. MIRC rewarded its shareholders with an allotment of bonus shares in the ratio of one share for every one share held in the company.

During the year 2004-05, One of the group company, Ondia Savak Ltd had been merged with the company. By this merger, one more feather i.e. Electronic Tuners added in its product segment. The company wants to take advantages from the outsourcing businesses provided by international giants. In view of this, it has enhanced the capacity of televisions from 1.8 million units per annum to 3.0 million units per annum. The company has launched its new model colour televisions (Oxygen Series and 'Poison' range) and Microwave Ovens in this period.

During the year 2009, Guviso Holdings Private Ltd., the Holding Company of the Company got amalgamated with the Company and the Scheme was made effective on May 02, 2009.

Direct Cool Refrigerator was launched in 2020-21.

MIRC Electronics Share Price

MIRC Electronics share price reflects investor sentiment toward the company and is impacted by various factors such as financial performance, market trends, and economic conditions. Share price is an indicator which shows the current value of the company's shares at which buyers or sellers can transact.

MIRC Electronics Market Cap

Market capitalization of MIRC Electronics indicates the total value of its outstanding shares. Marketcap is calculated by multiplying share price and outstanding shares of the company. It is a helpful metric for assessing the company's size and market Valuation. It also helps investors understand how MIRC Electronics is valued compared to its competitors.

MIRC Electronics PE Ratio

MIRC Electronics PE ratio helps investors understand what is the market value of each stock compared to MIRC Electronics 's earnings. A PE ratio higher than the average industry PE could indicate an overvaluation of the stock, whereas a lower PE compared to the average industry PE could indicate an undervaluation.

MIRC Electronics PEG Ratio

The PEG ratio of MIRC Electronics evaluates its PE ratio in relation to its growth rate. A PEG ratio of 1 indicates a fair value, a PEG ratio of less than 1 indicates undervaluation, and a PEG ratio of more than 1 indicates overvaluation.

MIRC Electronics ROE (Return on Equity)

Return on Equity (ROE) measures how effectively MIRC Electronics generates profit from shareholders' equity. A higher ROE of more than 20% indicates better financial performance in terms of profitability.

MIRC Electronics ROCE (Return on Capital Employed)

Return on Capital Employed (ROCE) evaluates the profitability of MIRC Electronics in relation to its capital employed. In simple terms, ROCE provides insight to investors as to how well the company is utilizing the capital deployed. A high ROCE of more than 20% shows that the business is making profitable use of its capital.

MIRC Electronics Total Debt

Total debt of MIRC Electronics shows how much the company owes to either banks or individual creditors. In simple terms, this is the amount the company has to repay. Total debt can be a very useful metric to show the financial health of the company. Total debt more than equity is considered to be a bad sign.

MIRC Electronics Debt to Equity Ratio

The Debt-to-Equity (DE) ratio of MIRC Electronics compares its total debt to shareholders' equity. A higher Debt to Equity ratio could indicate higher financial risk, while a lower ratio suggests that the company is managing its debt efficiently.

MIRC Electronics CAGR (Compound Annual Growth Rate)

CAGR shows the consistent growth rate of MIRC Electronics over a specific period, whether it is over a month, a year, or 10 years. It is a key metric to evaluate the company’s long-term growth potential. Main metrics for which CAGR is calculated are net sales, net profit, operating profit, and stock returns.

MIRC Electronics Technical Analysis

Technical analysis of MIRC Electronics helps investors get an insight into when they can enter or exit the stock. Key components of MIRC Electronics Technical Analysis include:

Support Levels (S1, S2, S3)

There are usually multiple support levels, but the main support levels for a stock are S1, S2, S3. Support levels indicate price points where stock might get support from buyers, helping the stock stop falling and rise.

Resistance Levels (R1, R2, R3)

There are usually multiple resistance levels, but the main resistance levels for a stock are R1, R2, R3. Resistance levels represent price points where MIRC Electronics shares often struggle to rise above due to selling pressure.

MIRC Electronics Dividends

Dividends refer to the portion of the company’s profits distributed to its shareholders. Dividends are typically paid out in cash and reflect MIRC Electronics ’s financial health and profitability.

MIRC Electronics Bonus Shares

Bonus shares are usually given by companies to make the stock more affordable, increase liquidity, boost investor confidence, and more.

MIRC Electronics Stock Split

Stock split increases the number of its outstanding shares by dividing each existing share into multiple shares. When the company offers a stock split, the face value of the stock reduces in the same proportion as the split ratio.

MIRC Electronics Financials

The financials of MIRC Electronics provide a complete view to investors about its net sales, net profit, operating profits, expenses, and overall financial health. Investors can analyze financial data to assess the company’s stability and also understand how the company has been growing financially.

MIRC Electronics Profit and Loss Statements

The profit and loss statement of MIRC Electronics highlights its net sales, net profit, total expenditure, and operating profits in the current financial year. This Profit and Loss statement is crucial for evaluating the profitability and financial stability of MIRC Electronics .

MIRC Electronics Balance Sheet

The balance sheet presents a snapshot of MIRC Electronics ’s assets, liabilities, and equity of shareholders, providing insights into the financials of the company.

MIRC Electronics Cashflow Statements

Cashflow statements track the company's cash inflows and outflows over a period. It is an essential tool for understanding how well the company manages its liquidity and finances.