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MIRC Electronics Ltd

Updated on October 14, 2019

Stock/Share Code - MIRCELECTR

MIRC Electronics Ltd is principally engaged in manufacturing and trading of electronic items.

Below is the details of MIRCELECTR MIRC Electronics Ltd

Market Cap₹279.45 Cr.
Current Price ₹8.15 as on 18 Oct 19
52 Week High / Low Price₹33.3 / ₹9.8
Face Value₹1
Stock P/E
Book Value₹10.11
Dividend Yield0.00 %
ROCE4.28 %
ROE-1.35 %
Sales Growth (3yrs)-5.32 %
SectorConsumer Durables
IndustryElectronics - Consumer
Listed onBSE  AND  NSE
Company WebsiteCompany Website
Pros: Stock is trading at 1.20 times its book value
Cons: Company has low interest coverage ratio. Promoter's stake has decreased The company has delivered a poor growth of -12.88% over past five years. Company has a low return on equity of 4.63% for last 3 years. Contingent liabilities of Rs.229.04 Cr. Promoters have pledged 34.80% of their holding

MIRC Electronics Ltd Price Chart

MIRC Electronics Ltd Price Chart

MIRC Electronics Ltd Peer Comparison in Consumer Durables

S.No. Name CMP Rs. P/E Mar Cap Rs.Cr. Div Yld % NP Qtr Rs.Cr. Qtr Profit Var % Qtr Sales Var % Sales Qtr Rs.Cr. ROCE %
1. Dixon Technolog. ₹3,085.2 40.61 ₹3,012.7 Cr. 0.08 ₹23.58 Cr. 84.80 93.51 1146.92 27.23
2. MIRC Electronics ₹279.45 Cr. 0.00 ₹0.88 Cr. 83.33 -11.01 177.57 4.28
3. BPL ₹20.25 ₹77.47 Cr. 0.00 -₹0.74 Cr. -421.74 -28.72 15.04 6.45
4. Videocon Inds. ₹4.5 ₹43.48 Cr. 0.00 -₹1,023.08 Cr. 19.57 -42.26 209.55 -7.77
5. Sharp India ₹64.2 ₹41.63 Cr. 0.00 -₹3.72 Cr. -31.45 -100.00 0.00 -143.28
6. Calcom Vision ₹1.45 5.87 ₹18.77 Cr. 0.00 ₹0.81 Cr. 28.57 20.70 15.16
7. Dynavision 3.54 ₹16.44 Cr. 0.00 ₹1.2 Cr. 3.45 -0.61 1.64

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MIRC Electronics Ltd Fundamentals

Quarterly Results

Quarterly reports are issued by companies every three months. Most companies have a financial year-end of Mar. 31 and quarters that end on June 30, Sept. 30, Dec. 31 and March 31.

Standalone Figures in Rs. Crores

Sep 2016Dec 2016Mar 2017Jun 2017Sep 2017Dec 2017Mar 2018Jun 2018Sep 2018Dec 2018Mar 2019Jun 2019
Sales144.50136.30207.91207.29201.09131.34188.40199.53128.43160.62155.88177.57
YOY Sales Growth %-0.76%-20.74%-2.6%-13.66%39.16%-3.64%-9.38%-3.74%-36.13%22.29%-17.26%-11.01%
Expenses135.81137.12189.18198.90182.13121.83182.92194.29127.53153.82152.18173.03
Material Cost %68.42%70.84%73.93%73.71%68.66%66.63%75.83%73.09%68.52%72.17%78.99%74.94%
Employee Cost %12.17%13.14%8.31%9.41%9.29%13.17%7.84%8.52%14.41%10.67%9.69%9.57%
Operating Profit8.69-0.8218.738.3918.969.515.485.240.906.803.704.54
OPM %6.01%-0.60%9.01%4.05%9.43%7.24%2.91%2.63%0.70%4.23%2.37%2.56%
Other Income-9.46-14.521.200.430.500.463.330.721.240.65-0.580.53
Interest6.506.913.191.914.994.672.533.203.754.053.802.43
Depreciation2.652.302.682.412.432.362.272.282.282.011.701.76
Profit before tax-9.92-24.5514.064.5012.042.944.010.48-3.891.39-2.380.88
Tax %-0.00%-0.00%0.00%0.00%0.00%0.00%0.00%0.00%-0.00%0.00%-0.00%0.00%
Net Profit-9.92-24.5514.064.5012.042.944.010.48-3.891.39-2.380.88
EPS in Rs-0.51-1.250.670.210.570.140.170.02-0.170.06-0.100.04
NotesNotesNotesNotesNotesNotesNotesNotesNotesNotesNotesNotes

Profit & Loss

The profit and loss (P&L) statement is a financial statement that summarizes the revenues, costs and expenses incurred during a specified period, usually a fiscal quarter or year. The P&L statement is synonymous with the income statement. These records provide information about a company's ability or inability to generate profit" by increasing revenue, reducing costs or both. Some refer to the P&L statement as a statement of profit and loss, income statement, statement of operations, statement of financial results or income, earnings statement or expense statement.

Standalone Figures in Rs. Crores

Mar 2008Mar 2009Mar 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019TTM
Sales1,527.391,429.791,501.521,913.481,650.741,296.101,283.861,057.50759.32728.79728.12644.46622.50
Sales Growth %0.94%-6.39%5.02%27.44%-13.73%-21.48%-0.94%-17.63%-28.2%-4.02%-0.09%-11.49%%
Expenses1,444.311,377.401,445.251,839.011,632.611,290.481,293.181,017.37760.05695.29685.79627.95606.56
Material Cost %76.17%78.04%76.98%77.24%79.98%81.98%81.91%74.7%76%73.26%71.59%73.38%%
Manufacturing Cost %1.02%0.94%1%1.01%1.16%1.04%1.25%1.22%1.34%2.05%2.46%2.83%%
Employee Cost %4.13%4.5%4.84%4.82%5.49%5.96%6.38%6.93%9.36%11.17%9.65%10.51%%
Other Cost %13.24%12.86%13.44%13.03%12.28%10.59%11.19%13.35%13.4%10.24%10.49%10.72%%
Operating Profit83.0852.3956.2774.4718.135.62-9.3240.13-0.7333.5042.3316.5115.94
OPM %5.44%3.66%3.75%3.89%1.10%0.43%-0.73%3.79%-0.10%4.60%5.81%2.56%2.56%
Other Income4.584.783.491.89-2.412.011.8010.387.96-21.744.722.161.84
Interest23.1828.4817.3519.5535.7838.7238.1332.9228.7920.5514.0914.8014.03
Depreciation23.9418.5519.7721.6021.5515.7914.3314.1511.6310.469.478.277.75
Profit before tax40.5410.1422.6435.21-41.61-46.88-59.983.44-33.19-19.2523.49-4.40-4.00
Tax %14.68%11.74%18.86%22.49%6.42%38.91%-0.00%76.74%18.62%-0.00%0.00%-0.00%
Net Profit34.598.9518.3727.29-38.94-28.64-59.970.81-27.01-19.2423.49-4.40-4.00
EPS in Rs2.010.950.971.560.000.000.000.040.000.001.020.00-0.17
Dividend Payout %41.02%29.94%73.38%52.00%-0.00%-0.00%-0.00%0.00%-0.00%-0.00%0.00%-0.00%

Compounded Sales Growth

  • 10 Years:: -7.66%
  • 5 Years:: -12.88%
  • 3 Years:: -5.32%
  • TTM:: -13.58%

Compounded Profit Growth

  • 5 Years:: 14.31%
  • 3 Years:: 24.02%
  • TTM:: -120.54%

Return on Equity

  • 10 Years:: -4.59%
  • 5 Years:: -1.65%
  • 3 Years:: 4.63%
  • Last Year:: -1.35%

Balance Sheet

A balance sheet is a financial statement that reports a company's assets, liabilities and shareholders' equity at a specific point in time, and provides a basis for computing rates of return and evaluating its capital structure. It is a financial statement that provides a snapshot of what a company owns and owes, as well as the amount invested by shareholders. It is used alongside other important financial statements such as the income statement and statement of cash flows in conducting fundamental analysis or calculating financial ratios.

Standalone Figures in Rs. Crores

Mar 2008Mar 2009Mar 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019
Share Capital14.1933.1114.1914.1914.1914.1914.1919.6419.6421.1923.1123.11
Equity Capital14.196.714.1914.1914.1914.1914.1919.6419.6421.1923.1123.11
Reserves240.05239.46241.50252.32213.38184.74124.77147.24120.22103.05196.27192.44
Borrowings199.56205.22133.65170.45156.65287.94267.55211.61199.44167.3850.4269.60
Other Liabilities297.65215.49353.45459.82397.29258.91281.33311.56269.03225.72272.76227.68
Trade Payables54.1948.93128.61158.2477.05194.23130.77183.52156.06142.39159.37145.38
Total Liabilities751.45666.87742.79896.78781.51745.78687.84690.05608.33517.34542.56512.83
Fixed Assets189.74183.51214.78206.55165.03154.20151.56126.59114.77113.68105.85101.35
Gross Block343.45354.93405.93416.42384.57386.2397.51390.57389.6399.67363.93351.52
Accumulated Depreciation153.71171.42191.15209.87219.54232245.94263.98274.83285.99258.09250.17
CWIP1.9325.540.290.060.007.670.000.000.000.260.870.00
Investments26.0026.7840.1426.5426.4426.4226.4326.2526.262.212.613.89
Other Assets533.78431.04487.58663.63590.04557.49509.85537.21467.30401.19433.23407.59
Inventories292.57210.42249346.46303.6251.06234282.76240.91205.73224.74214.92
Trade receivables133.69106.8187.76163.51127.5132.54124.63125.42132.09125.04134.1119.6
Cash Equivalents19.469.327.6447.1328.5130.7325.4718.7915.4819.0124.1412.99
Loans n Advances88.06104.51123.1862.688.72102.2687.5975.3937.5919.1314.3714.03
Other Assets etc00043.9341.7140.938.1634.8541.2332.2835.8846.05
Total Assets751.45666.87742.79896.78781.51745.78687.84690.05608.33517.34542.56512.83

Cash Flows

Cash flow is the net amount of cash and cash-equivalents being transferred into and out of a business. At the most fundamental level, a company’s ability to create value for shareholders is determined by its ability to generate positive cash flows, or more specifically, maximize long-term free cash flow.

Standalone Figures in Rs. Crores

Mar 2008Mar 2009Mar 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019
Cash from Operating Activity0.0948.47171.3130.8231.9922.7354.6443.7321.7950.0347.24-15.14
Profit from operations88.936255.0766.9111.583.44-7.648.77-2.1334.0148.7512.89
Working Capital Changes-79.55-12.25120.52-29.6121.7420.9762.27-7.0716.3916.22-1.46-27.89
Taxes paid-9.29-1.28-4.28-6.48-1.33-1.68-0.032.037.53-0.2-0.05-0.14
Cash from Investing Activity-9.39-36.10-36.871.18-1.96-9.500.705.8612.70-15.21-1.681.88
Fixed Assets Purchased-7.88-12.38-51.06-14.51-9.42-12.54-4.57-0.37-0.34-0.42-2.93-3.9
Fixed Assets Sold0.160.020.020.20.010.061.295.6713.4911.31.585.7
Capital WIP00000.060000000
Investments purchased0-1.02-13.06-138.08-57000-0.01-26.480-0.93
Investments sold000152.0457.15000.310000
Cash from Financing Activity12.00-22.53-116.10-12.51-49.99-12.53-59.25-56.62-37.87-37.15-42.572.43
Proceeds from Shares018.920000031.67015.6471.550
Proceeds from Borrowings46.723.928.435016.255.3469.7412.2110.520019.75
Repayment of Borrowings-9.02-18.27-80-28.2-15-28.81-90.13-67.88-24.04-29.7-117.63-2.22
Interest Paid-23.45-28.65-17.6-18.64-34.87-38.91-38.69-32.46-29.76-20.75-14.27-14.86
Dividends Paid-2.23-16.35-8.01-15.67-16.32-0.15000-0.1-0.24-0.24
Net Cash Flow2.70-10.1618.3419.49-19.960.70-3.91-7.03-3.38-2.323.00-10.83

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Ratios

Mar 2008Mar 2009Mar 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019
ROCE %14.98%8.30%9.22%13.39%-0.21%-1.88%-5.06%6.82%-2.54%7.93%13.07%4.28%
Debtor Days31.9527.2721.3331.1928.1937.3335.4343.2963.4962.6267.2267.74
Inventory Turnover5.845.696.546.435.084.675.294.092.903.263.382.93

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