MIRC Electronics

Who are the top shareholders of the MIRC Electronics?

The top shareholders of MIRC Electronics are primarily the promoters, with the Glm Family Trust holding 23.24%. Individual investors own 39.88%, while institutional investors hold only 0.21%, and the highest public shareholder is Vikram Pratapbhai Kotak with 1.26%.

The top shareholders of MIRC Electronics include the promoters, who hold a significant majority of the shares. The Glm Family Trust, represented by Gulu Lalchand Mirchandani as trustee, is the largest individual promoter with a holding of 23.24%. Additionally, individual investors collectively hold 39.88% of the shares. <BR><BR>In terms of institutional holdings, there are four Foreign Institutional Investors (FIIs) with a combined holding of 0.21%, and mutual funds currently do not hold any shares in the company. The highest public shareholder is Vikram Pratapbhai Kotak, who holds 1.26%. <BR><BR>Overall, the promoter group maintains a strong presence in the ownership structure of MIRC Electronics.

how big is MIRC Electronics?

As of October 2023, MIRC Electronics Ltd has a market capitalization of 328.00 Cr and reported net sales of 746.69 Cr with a net profit of -2.30 Cr over the latest four quarters.

Market Cap: MIRC Electronics Ltd has a market capitalization of 328.00 Cr, categorizing it as a Micro Cap company.<BR><BR>Recent Quarterly Performance: The sum of Net Sales for the latest 4 quarters, which includes Mar'25, Dec'24, Sep'24, and Jun'24, is 746.69 Cr. The sum of Net Profit for the same period is -2.30 Cr. This data is based on Standalone financials.<BR><BR>Balance Sheet Snapshot: The Balance Sheet data is Consolidated and pertains to the reporting period of Mar'16. The Shareholder's Funds amount to 137.57 Cr, while Total Assets are valued at 589.25 Cr.

Has MIRC Electronics declared dividend?

MIRC Electronics Ltd has declared a 100% dividend, amounting to ₹1 per share, with an ex-date of June 9, 2011. Despite this declaration, the dividend yield is 0%, and total returns have varied significantly across different periods.

MIRC Electronics Ltd has declared a 100% dividend.<BR><BR>Dividend Details:<BR>- Percentage announced: 100%<BR>- Amount per share: 1<BR>- Ex-date: 09 Jun 11<BR><BR>Dividend Yield: 0%<BR><BR>Total Returns by Period:<BR>In the 6-month period, the price return was -32.95%, the dividend return was 0%, resulting in a total return of -32.95%.<BR><BR>In the 1-year period, the price return was -30.48%, the dividend return was 0%, leading to a total return of -30.48%.<BR><BR>In the 2-year period, the price return was 14.21%, the dividend return was 0%, resulting in a total return of 14.21%.<BR><BR>In the 3-year period, the price return was 4.68%, the dividend return was 0%, leading to a total return of 4.68%.<BR><BR>In the 4-year period, the price return was -16.14%, the dividend return was 0%, resulting in a total return of -16.14%.<BR><BR>In the 5-year period, the price return was 156.61%, the dividend return was 0%, leading to a total return of 156.61%.<BR><BR>Overall, MIRC Electronics has declared a dividend, but the dividend yield remains at 0%. The total returns over the periods show significant fluctuations, with a notable positive return over the 5-year period despite the absence of dividends in recent years.

Who are the peers of the MIRC Electronics?

MIRC Electronics' peers include Havells India, Dixon Technologies, Voltas, Blue Star, and Crompton Greaves Consumer. MIRC has below-average management risk, growth, and capital structure, with a 1-year return of -32.66%, significantly lower than Dixon Technologies' 46.78%.

Peers: The peers of MIRC Electronics are Havells India, Dixon Technolog., Voltas, Blue Star, Crompton Gr. Con, Veto Switchgears, Maruti Interior, Macobs, Arham Tech, and Sonam.<BR><BR>Quality Snapshot: Excellent management risk is observed at Dixon Technolog., Crompton Gr. Con, and Macobs, while Good management risk is found at Havells India, Blue Star, and Maruti Interior. Average management risk is present at Voltas, Veto Switchgears, and Arham Tech, while MIRC Electronics has Below Average management risk. For growth, Excellent growth is seen at Havells India and Dixon Technolog., while Average growth is found at Voltas and Blue Star. Below Average growth is noted for Crompton Gr. Con, Veto Switchgears, Maruti Interior, and MIRC Electronics. Finally, Excellent capital structure is observed at Havells India, Voltas, Blue Star, and Crompton Gr. Con, while Good capital structure is found at Maruti Interior and Macobs, and MIRC Electronics has Below Average capital structure.<BR><BR>Return Snapshot: Dixon Technolog. has the highest 1-year return at 46.78%, while MIRC Electronics has the lowest at -32.66%, indicating a significant difference. In comparison, MIRC Electronics' return is substantially lower than Dixon's. Additionally, Veto Switchgears, Maruti Interior, and MIRC Electronics have negative six-month returns.

Who are in the management team of MIRC Electronics?

As of March 2023, the management team of MIRC Electronics includes Gulu L Mirchandani (Chairman & Managing Director), Vijay J Mansukhani (Managing Director), and several independent directors, along with whole-time directors and a Company Secretary. This team is responsible for the company's strategic direction and operations.

As of March 2023, the management team of MIRC Electronics includes:<BR><BR>1. Gulu L Mirchandani - Chairman & Managing Director<BR>2. Vijay J Mansukhani - Managing Director<BR>3. Carlton Pereira - Independent Director<BR>4. Kaval Mirchandani - Whole-time Director<BR>5. Arvind Sharma - Independent Director<BR>6. Mohita Arora - Independent Director<BR>7. Prasad Oak - Company Secretary & Compliance Officer<BR>8. Shirish Suvagia - Whole-time Director<BR><BR>This team oversees the strategic direction and operations of the company.

What does MIRC Electronics do?

MIRC Electronics Ltd is a leading consumer electronics company in India, incorporated in 1981 and publicly listed since 1992. As of March 2025, it reported net sales of ₹2,007 Cr and a net profit of ₹12 Cr, with a market cap of ₹453 Cr.

Overview:<BR>MIRC Electronics Ltd is a market leader in consumer electronics, operating in the Electronics & Appliances industry within the Micro Cap market segment.<BR><BR>History:<BR>MIRC Electronics Ltd was incorporated in 1981 as a private limited company and later transformed into a public limited company in 1992. The latest quarterly results reported are for March 2025, showing net sales and profit figures.<BR><BR>Financial Snapshot:<BR>- Net Sales: 2,007 Cr (Quarterly Results - Mar 2025)<BR>- Net Profit: 12 Cr (Quarterly Results - Mar 2025)<BR>- Market Cap: INR 453 Cr (Micro Cap)<BR><BR>Key Metrics:<BR>- P/E: N/A (Loss Making)<BR>- Industry P/E: 69<BR>- Dividend Yield: 0.00%<BR>- Debt Equity: 0.78<BR>- Return on Equity: -1.76%<BR>- Price to Book: 3.44<BR><BR>Contact Details:<BR>Address: Onida House G-1 MIDC, Mahakali Caves Rd Andheri (E) Mumbai Maharashtra : 400093<BR>Tel: 91-22-66975777<BR>Email: investors@onida.com<BR>Website: http://www.onida.com

Is MIRC Electronics overvalued or undervalued?

As of August 14, 2025, MIRC Electronics is considered overvalued with a negative PE ratio of -42.40 and an EV to EBITDA ratio of -173.08, indicating significant inefficiencies compared to peers like Metro Brands and V-Guard Industries, despite a recent 54.30% stock return.

As of 14 August 2025, MIRC Electronics has moved from a valuation grade of very expensive to risky. The company is currently overvalued, as indicated by its negative PE ratio of -42.40 and an EV to EBITDA ratio of -173.08. Additionally, the ROCE stands at -19.81%, reflecting significant inefficiencies in generating returns on capital.<BR><BR>In comparison to its peers, MIRC Electronics' valuation metrics are starkly unfavorable. For instance, Metro Brands, categorized as very expensive, has a PE ratio of 83.88, while V-Guard Industries, deemed attractive, boasts a PE of 54.44. The stark contrast in these ratios highlights MIRC's challenging position within the electronics and appliances sector. Despite recent stock performance showing a 54.30% return over the past week, which outperformed the Sensex, the underlying valuation metrics suggest that MIRC Electronics remains overvalued in the current market landscape.

How has been the historical performance of MIRC Electronics?

MIRC Electronics has experienced significant declines in net sales and profitability from March 2010 to March 2016, with net sales dropping from INR 1,526.69 crore to INR 772.21 crore, and net profit turning from INR 19.99 crore to a loss of INR 19.45 crore. The company's operating profit margin also fell to -0.38% in March 2016, indicating ongoing financial challenges.

Answer:<BR>The historical performance of MIRC Electronics has shown significant fluctuations over the years, particularly in net sales and profitability. <BR><BR>Breakdown:<BR>From March 2010 to March 2016, MIRC Electronics experienced a decline in net sales from INR 1,526.69 crore in March 2010 to INR 772.21 crore in March 2016. This downward trend in sales was accompanied by a decrease in total operating income, which fell from INR 1,528.46 crore in March 2010 to the same INR 772.21 crore in March 2016. The company's operating profit margin, excluding other income, turned negative in March 2016 at -0.38%, compared to a positive margin of 3.97% in March 2011. The operating profit (PBDIT) also reflected this decline, moving from a profit of INR 80.22 crore in March 2011 to a loss of INR 2.88 crore in March 2016. Profit before tax showed a similar trend, with a loss of INR 4.44 crore in March 2016, compared to a profit of INR 37.37 crore in March 2011. The net profit followed suit, declining from INR 19.99 crore in March 2010 to a loss of INR 19.45 crore in March 2016. The earnings per share (EPS) also deteriorated, moving from a positive INR 1.25 in March 2010 to a negative INR 0.92 in March 2016. Overall, MIRC Electronics has faced considerable challenges in maintaining profitability and sales growth over the analyzed period.

Is MIRC Electronics technically bullish or bearish?

As of December 1, 2025, MIRC Electronics shows a mildly bullish trend supported by daily moving averages, though caution is advised due to mixed signals from weekly indicators and a stronger bullish outlook in the monthly analysis.

As of 1 December 2025, the technical trend for MIRC Electronics has changed from sideways to mildly bullish. The current stance is mildly bullish, supported by the daily moving averages indicating bullish momentum. However, the weekly MACD and KST are mildly bearish, which suggests caution. The monthly MACD and KST are bullish, providing a stronger long-term outlook. Bollinger Bands show a mixed signal with weekly bearishness and monthly mild bullishness. Overall, while there are some bearish indicators in the short term, the shift in trend and the strength of the monthly signals suggest a cautiously optimistic outlook.

When is the next results date for MIRC Electronics Ltd?

The next results date for MIRC Electronics Ltd is 11 February 2026.

The next results date for MIRC Electronics Ltd is scheduled for 11 February 2026.

Are MIRC Electronics Ltd latest results good or bad?

MIRC Electronics Ltd's latest results are concerning, showing a significant revenue increase of 29.84% but a net loss of ₹13.11 crores, reflecting ongoing operational challenges and a negative gross margin. Despite record revenue, the company is struggling with profitability and shareholder value.

MIRC Electronics Ltd's latest results indicate a troubling situation for the company. While the revenue for Q3 FY26 reached ₹212.04 crores, marking a significant increase of 29.84% quarter-on-quarter and 27.11% year-on-year, the company simultaneously reported a net loss of ₹13.11 crores. This loss reflects a dramatic decline of 636.52% compared to the previous quarter and a 148.77% increase in losses year-on-year.<BR><BR>The operating margin, which stood at negative 3.93%, highlights ongoing operational challenges, as the company has been unable to convert its revenue growth into profitability. The negative gross margin of -5.46% suggests that MIRC Electronics is selling products below their production costs, which is unsustainable in the long run.<BR><BR>Additionally, the return on equity (ROE) of -26.26% indicates significant destruction of shareholder value. The financial metrics reveal a company struggling with fundamental issues in its business model and cost structure, leading to persistent losses and operational inefficiencies.<BR><BR>In summary, despite achieving record revenue, MIRC Electronics is facing serious financial distress, making the latest results more indicative of a challenging situation rather than a positive outcome.

Should I buy, sell or hold MIRC Electronics Ltd?

Why is MIRC Electronics Ltd falling/rising?

As of 16-Mar, MIRC Electronics Ltd's stock price is Rs 23.30, down 4.94% and underperforming with a 20.69% decline over the past month. Despite increased investor participation, the stock continues to trade below all major moving averages, indicating a negative sentiment.

As of 16-Mar, MIRC Electronics Ltd's stock price is falling, currently at Rs 23.30, which reflects a decrease of Rs 1.21 or 4.94%. The stock has been underperforming, having lost 7.25% over the last three days and is trading lower than its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages. Additionally, the stock has experienced a significant decline of 20.69% over the past month, compared to a 9.34% drop in the benchmark Sensex. <BR><BR>Today's performance indicates that the stock has underperformed its sector by 3.69%. It reached an intraday low of Rs 22.88, marking a decline of 6.65%. Despite a rise in investor participation, with delivery volume increasing by 10.84% against the 5-day average, the overall sentiment appears negative, contributing to the stock's downward trend.

Which are the latest news on MIRC Electronics?