Onida Electronic

Why is Onida Electronics Ltd falling/rising?

As of 01-Sep, Onida Electronics Ltd's stock price is at 35.63, reflecting a 1.17% decrease and a five-day decline of 4.69%. Despite a strong year-to-date performance, concerns about the company's financial health, including operating losses and a high percentage of pledged shares, contribute to its current downward trend.

As of 01-Sep, Onida Electronics Ltd's stock price is falling, currently at 35.63, which reflects a decrease of 0.42 or 1.17%. The stock has been underperforming, having lost 4.69% over the last five days, marking a consecutive decline for five days. This trend is compounded by a significant drop in investor participation, with delivery volume falling by 48.95% compared to the five-day average.<BR><BR>Despite a strong year-to-date performance of 25.46% and a one-year return of 25.99%, the company's financial health raises concerns. The company has reported operating losses, with a negative EBITDA of Rs. -52.35 crore and a poor EBIT to Interest ratio of -1.47, indicating weak long-term fundamental strength. Additionally, the company has seen a substantial decline in profits, with a reported fall of 259.2% over the past year.<BR><BR>The stock's current price is also influenced by market conditions, as it has underperformed its sector by 0.33% today. Furthermore, 28.42% of promoter shares are pledged, which can exert additional downward pressure on the stock in a declining market. Overall, these factors contribute to the stock's current downward trajectory.

Who are in the management team of Onida Electronic?

The management team of Onida Electronic includes Gulu L Mirchandani (Chairman & Managing Director), Vijay J Mansukhani (Managing Director), Carlton Pereira, Arvind Sharma, Mohita Arora (Independent Directors), Kaval Mirchandani, Shirish Suvagia (Whole-time Directors), and Prasad Oak (Company Secretary & Compliance Officer). They oversee the company's operations and strategic direction.

The management team of Onida Electronic includes the following individuals:<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 is responsible for overseeing the operations and strategic direction of the company.

What does Onida Electronic do?

Onida Electronics Ltd is a leading consumer electronics company in India, incorporated in 1981 and publicly listed since 1992. As of June 2026, it reported net sales of ₹182 Cr and a net loss of ₹14 Cr, with a market cap of ₹1,338 Cr.

Overview:<BR>Onida Electronics Ltd is a market leader in the consumer electronics goods sector, operating within the Electronics & Appliances industry and classified as a Micro Cap company.<BR><BR>History:<BR>Onida Electronics Ltd, originally incorporated as a private limited company in 1981, transitioned to a public limited company in 1992. The latest financial results reported are for the quarter ending June 2026, showcasing the company's performance in net sales and profit.<BR><BR>Financial Snapshot:<BR>- Net Sales: 182 Cr (Quarterly Results - Jun 2026)<BR>- Net Profit: -14 Cr (Quarterly Results - Jun 2026)<BR>- Market Cap: INR 1,338 Cr (Micro Cap)<BR><BR>Key Metrics:<BR>- P/E: N/A (Loss Making)<BR>- Industry P/E: 43<BR>- Dividend Yield: 0.00%<BR>- Debt Equity: -0.02<BR>- Return on Equity: -26.37%<BR>- Price to Book: 5.63<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

Who are the peers of the Onida Electronic?

Onida Electronic's peers include Carysil, Stove Kraft, Epack Durable, IKIO Tech, Wonder Electric, Butterfly Gan Ap, CWD, Elin Electronics, and Singer India. In terms of returns, Onida Electronic has a 1-year return of 29.72%, lower than Stove Kraft's 32.90% but higher than Epack Durable's -50.64%.

Peers: The peers of Onida Electronic are Carysil, Stove Kraft, Epack Durable, IKIO Tech, Wonder Electric, Butterfly Gan Ap, CWD, Elin Electronics, and Singer India.<BR><BR>Quality Snapshot: Excellent capital structure is observed at IKIO Tech and Butterfly Gan Ap, while Good capital structure is found at Carysil, Stove Kraft, CWD, and Elin Electronics. Average management risk is noted at Stove Kraft, Wonder Electric, CWD, and Singer India, while Below Average management risk is seen at Epack Durable, IKIO Tech, Onida Electronic, Elin Electronics, and the rest. Growth is Excellent at CWD, while Below Average growth is found at Carysil, Stove Kraft, Epack Durable, IKIO Tech, Onida Electronic, Wonder Electric, Butterfly Gan Ap, Elin Electronics, Singer India, and the rest.<BR><BR>Return Snapshot: Stove Kraft has the highest 1-year return at 32.90%, while Epack Durable has the lowest at -50.64%. Onida Electronic's 1-year return of 29.72% is higher than Epack Durable's but lower than Stove Kraft's. Additionally, Wonder Electric, Epack Durable, Elin Electronics, and Butterfly Gan Ap have negative six-month returns.

Which are the latest news on Onida Electronic?

Should I buy, sell or hold MIRC Electronics Ltd?

When is the next results date for MIRC Electronics Ltd?

The next results date for MIRC Electronics Ltd is 07 August 2026.

The next results date for MIRC Electronics Ltd is scheduled for 07 August 2026.

Are MIRC Electronics Ltd latest results good or bad?

MIRC Electronics Ltd's latest Q4 FY26 results are concerning, showing a net loss of ₹47.36 crores and a 28.35% decline in revenue year-on-year. The company's negative operating and profit margins indicate significant financial challenges, classifying the performance as bad.

MIRC Electronics Ltd's latest results for Q4 FY26 are quite concerning. The company reported a significant net loss of ₹47.36 crores, a drastic decline of over 4,100% year-on-year, compared to a profit of ₹1.18 crores in the same quarter last year. Revenue also fell sharply by 28.35% year-on-year, dropping to ₹143.81 crores from ₹200.72 crores.<BR><BR>The operating margin has deteriorated to -10.63%, marking the lowest level in seven quarters, while the profit after tax (PAT) margin plummeted to -32.93%, down from a positive 0.59% in Q4 FY25. This indicates that the company is not only struggling to generate profits but is also operating at a loss on its core business activities.<BR><BR>Overall, the financial performance reflects deep-rooted challenges within the company, characterized by declining revenues, negative margins, and a troubling trend of operational losses. The results suggest a critical situation for MIRC Electronics, indicating that the latest performance can be classified as bad.

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.

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 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.

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.