Micro Consumer Durables

Mirc Electronics Ltd.

MIRCELECTR

₹14.49

3.21% (0.45)

Market Cap

₹331 Cr.

P/E

0.00

Mirc Electronics Ltd.
Overview
Financials
Benchmarking
Shareholding

Mirc Electronics Ltd.

Mirc Electronics Ltd.
Overview
Financials
Benchmarking
Shareholding

Price
Growth Table
Balance Sheet
Profit & Loss
Cash Flow
Cash Flow Analysis
Ratios
Quarterly Results
Reverse DCF

FAQs on Mirc Electronics Ltd. Shareprice

Has the share price of MIRC Electronics grown faster than its competition?

MIRC Electronics has given lower returns compared to its competitors.
MIRC Electronics has grown at ~5.58% over the last 2yrs while peers have grown at a median rate of 47.0%

Is MIRC Electronics stock expensive?

MIRC Electronics is expensive when considering the EV/EBIDTA, however latest PE is < 3 yr avg PE.
Latest PE of MIRC Electronics is -143.89, while 3 year average PE is 33.28.
Also latest EV/EBITDA of MIRC Electronics is 50.27 while 3yr average is 29.68.

View FAQ's On Business

Growth Table

Mirc Electronics Ltd.
Srigee DLM
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In %	1yr	2yr	3yr	4yr	5yr	6yr	7yr	8yr	9yr	10yr
Share Price CAGR	-31.16	5.58	2.39	-4.81	20.73	-4.95	-11.78	0.52	2.31	2.61
TTM EPS CAGR	—	—	—	—	—	—	—	—	—	—
Sales CAGR	-22.87	-17.99	-14.44	-0.63	4.32	2.48	0.20	-0.33	-0.37	-3.54
PAT Margin (Abs Growth)	-5.30	-4.74	-6.67	-4.53	-5.74	-9.62	-3.92	-4.04	-6.02	-1.93
PE CAGR	—	—	—	—	—	—	-100.00	—	—	-100.00
CFO CAGR	-48.14	—	—	1.92	-21.39	—	—	—	—	—

* Share price and PE growth are updated everyday. All other fields are as of latest financial year end. EPS adjusted for bonus and splits.

Balance Sheet

Mirc Electronics Ltd.
Srigee DLM
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In Rs. Cr.	Mar'10	Mar'11	Mar'12	Mar'13	Mar'14	Mar'15	Mar'16
Assets	730	893	777	723	670	666	589
Non Current Assets	208	240	201	215	205	175	166
Net Block	221	212	171	159	166	139	124
Capital Work in Progress	1.39	1.52	2.73	14.14	0.00	0.00	0.00
Intangible Assets Under Development	—	—	—	—	—	—	—
Long Term Investments	0.83	—	—	—	—	—	—
Current Assets	507	635	561	508	465	490	423
Inventory	253	352	312	255	238	285	242
Accounts Receivable	93.92	170	132	136	128	127	132
Short Term Investments	13.06	0.29	0.19	0.17	0.19	—	—
Cash & Bank Balances	34.13	53.76	30.52	33.47	27.99	18.81	18.45
Liabilities	730	893	777	723	670	666	589
Shareholders Funds	248	261	222	191	129	151	138
Share Capital	14.19	14.19	14.19	14.19	14.19	19.64	19.64
Reserves	234	246	208	177	115	132	112
Non Current Liabilities	149	55.02	32.74	0.14	2.77	3.04	10.19
Secured Loans	57.27	35.00	15.00	—	2.63	1.43	7.59
Unsecured Loans	76.38	—	—	—	—	—	—
Current Liabilities	333	578	523	532	538	511	441
Accounts Payable	235	374	312	195	214	252	204
Short Term Loans	—	106	124	277	270	214	191

Balance Sheet Snapshot

No data available.

Fund Flow Analysis

Increase
Decrease
Total

No data available.

*Data is as of latest FY end

Profit & Loss

Mirc Electronics Ltd.
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In Rs. Cr.	Mar'10	Mar'11	Mar'12	Mar'13	Mar'14	Mar'15	Mar'16
Sales	1,527	1,942	1,674	1,316	1,304	1,074	772
Operating Expenses	1,469	1,866	1,654	1,316	1,313	1,037	775
Raw Material	1,148	1,575	1,305	1,022	1,036	821	564
Material Cost (%)	76.58	76.86	79.56	81.17	80.85	73.70	75.03
Employee Cost	76.29	96.75	96.24	80.90	85.40	76.72	71.12
Power & Fuel Cost	9.42	12.76	12.82	8.73	9.52	7.15	3.65
Operating Profit	57.68	75.73	19.70	-0.35	-9.14	36.85	-2.88
Other Income	6.58	5.39	3.23	7.12	1.27	1.00	3.13
OPM (%)	3.78	3.90	1.18	-0.03	-0.70	3.43	-0.37
Depreciation and Amortisation	21.95	23.89	23.03	17.28	15.83	15.33	12.46
Interest	17.65	19.85	36.26	38.91	38.43	33.90	29.60
Profit Before Tax	24.65	37.37	-41.37	-49.43	-62.14	-1.94	-23.14
Tax	4.65	8.36	-2.64	-18.24	0.00	2.64	-3.68
Net Profit	19.99	29.01	-38.72	-31.19	-62.13	-4.57	-19.45
Number of shares(Crs)	14.18	14.18	14.18	14.18	14.18	19.62	19.62
Dividend Payout Ratio(%)	69.12	48.86	0.00	0.00	0.00	0.00	0.00

Cash Flow

Mirc Electronics Ltd.
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In Rs. Cr.	Mar'08	Mar'09	Mar'10	Mar'11	Mar'12	Mar'13	Mar'14	Mar'15	Mar'16
Cash from Operating Activity	5.02	48.90	179	32.41	26.98	24.83	56.24	42.77	20.27
Profit Before Tax	41.98	9.20	24.65	37.37	-41.37	-49.43	-62.14	-1.94	-23.14
Adjustments	51.66	55.83	34.65	33.89	54.69	51.70	53.79	47.53	16.67
OCF Before Working Capital	93.66	65.03	59.30	71.27	13.32	2.27	-8.35	45.59	-6.47
Working Capital Changes	-78.21	-14.62	124	-32.59	15.03	24.28	64.63	-4.84	19.25
Taxes Paid	-10.43	-1.51	-4.50	-6.26	-1.37	-1.73	-0.04	2.01	7.49
Cash from Investing Activity	-11.22	-36.69	-37.91	-0.60	-4.57	-13.60	-2.52	8.39	20.52
Net Fixed Assets Purchased	0.00	0.00	0.00	-16.11	-12.25	-16.80	-7.02	5.25	18.34
Fixed Assets Purchased	—	—	—	-16.31	-12.26	-16.86	-8.31	-0.41	-0.48
Fixed Assets Sold	—	—	—	0.20	0.01	0.06	1.29	5.67	18.83
Investment Purchased	—	—	—	-138	-57.00	—	—	—	—
Investment Sold	—	—	—	152	57.15	—	—	0.31	—
Interest Recieved	—	—	—	1.95	2.51	0.71	0.61	0.42	0.08
Dividends Recieved	—	—	—	0.45	0.12	0.01	0.01	0.00	—
Subsidiary Investments	—	—	—	—	—	—	—	—	—
Cash from Financing Activity	9.82	-22.44	-117	-12.19	-48.93	-10.49	-57.63	-58.29	-41.22
Proceeds From Shares	—	—	—	—	—	—	—	31.67	—
Net Long Term Borrowings	0.00	0.00	0.00	0.00	0.00	0.00	-0.60	-1.20	7.18
Proceeds From Borrowings	—	—	—	—	—	—	—	—	15.00
Repayment From Borrowings	—	—	—	—	—	—	-0.60	-1.20	-7.82
Interest Paid	—	—	—	-18.94	-35.18	-39.11	-38.99	-33.44	-30.44
Dividend Paid	—	—	—	-15.67	-16.32	—	—	—	—
Net Cash Flow	3.62	-10.23	23.79	19.63	-26.51	0.74	-3.90	-7.13	-0.43
Opening Cash & Cash Equivalents	16.96	20.57	10.34	34.13	53.76	28.58	29.32	25.42	18.29
Effect of FX	0.00	0.00	—	—	—	—	—	—	—
Closing Cash & Cash Equivalents	20.57	10.34	34.13	53.76	27.24	29.32	25.42	18.29	17.86
Net Capex (est)	0.00	0.00	0.00	16.11	12.25	16.80	7.02	-5.25	-18.34
Free Cash Flow (est)	5.02	48.90	179	16.31	14.73	8.03	49.23	48.02	38.61

Cash Flow Analysis

Increase
Decrease
Total

No data available.

Ratios

= Dominant Factor

Mirc Electronics Ltd.
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	Mar'10	Mar'11	Mar'12	Mar'13	Mar'14	Mar'15	Mar'16
Operational Ratios
Quick Ratio	0.76	0.49	0.48	0.47	0.42	0.40	0.41
Liquid Assets (Crs)	255	283	249	253	227	206	182
Current Liabilities (Crs)	333	578	523	532	538	511	441
Current Ratio	1.52	1.10	1.07	0.95	0.86	0.96	0.96
Current Assets (Crs)	507	635	561	508	465	490	423
Current Liabilities (Crs)	333	578	523	532	538	511	441
Interest Coverage Ratio	2.40	2.88	-0.14	-0.27	-0.62	0.94	0.22
EBIT (Crs)	42.30	57.23	-0.09	-10.52	-23.71	22.52	-12.21
Interest Expenses (Crs)	17.65	19.85	36.26	38.91	38.43	33.90	29.60
Fixed Asset Turnover	3.51	4.35	4.02	3.14	2.96	2.48	1.93
Net Sales (Crs)	1,527	1,942	1,674	1,316	1,304	1,074	772
Fixed Assets (Crs)	434	447	416	419	440	434	400
Cash Conversion Cycle	48.31	41.60	66.79	69.11	51.83	69.06	68.68
Inventory Days	53.53	54.24	68.71	74.42	65.16	84.56	118
Days Receivable	23.58	23.67	31.29	35.20	34.94	41.36	58.00
Days Payable	28.80	36.31	33.21	40.51	48.27	56.87	107
Debt to Equity Ratio	0.54	0.60	0.72	1.53	2.12	1.43	1.46
Total Debt (Crs)	134	156	159	292	274	217	200
Shareholders Equity (Crs)	248	261	222	191	129	151	138
Free Cash Flow/Sales (%)	11.71	0.84	0.88	0.61	3.77	4.47	5.00
Free Cash Flow(est) (Crs)	179	16.31	14.73	8.03	49.23	48.02	38.61
Net Sales (Crs)	1,527	1,942	1,674	1,316	1,304	1,074	772
Profitability Ratios
Gross Margin (%)	23.42	23.14	20.44	18.83	19.15	26.30	24.97
Op Profit Margin (%)	3.78	3.90	1.18	-0.03	-0.70	3.43	-0.37
Operating Profit (Crs)	64.25	81.11	22.94	6.77	-7.88	37.85	0.24
Net Sales (Crs)	1,527	1,942	1,674	1,316	1,304	1,074	772
Net Profit Margin (%)	1.31	1.49	-2.31	-2.37	-4.76	-0.43	-2.52
Net Profit (Crs)	19.99	29.01	-38.72	-31.19	-62.13	-4.57	-19.45
Net Sales (Crs)	1,527	1,942	1,674	1,316	1,304	1,074	772
ROCE (%)	10.65	18.13	-0.04	-5.50	-18.00	14.59	-8.27
EBIT (Crs)	42.30	57.23	-0.09	-10.52	-23.71	22.52	-12.21
Capital Employed (Crs)	397	316	255	191	132	154	148
Return on Assets (%)	2.74	3.25	-4.98	-4.31	-9.28	-0.69	-3.30
Net Profit (Crs)	19.99	29.01	-38.72	-31.19	-62.13	-4.57	-19.45
Total Assets (Crs)	730	893	777	723	670	666	589
ROIC (%)	8.00	18.52	-1.71	-9.55	-38.42	50.96	-14.59
Op Profit after Taxes (Crs)	28.98	40.25	-3.11	-11.13	-24.97	50.83	-12.90
Invested Capital (Crs)	362	217	182	117	65.00	99.76	88.39
ROE (%)	8.06	11.13	-17.45	-16.33	-48.20	-3.02	-14.14
Net Profit Margin (%)	1.31	1.49	-2.31	-2.37	-4.76	-0.43	-2.52
Asset Turnover ratio	2.09	2.17	2.15	1.82	1.95	1.61	1.31
Equity Multiplier	2.94	3.43	3.50	3.78	5.19	4.40	4.28
Adjusted EPS	1.22	1.82	-2.43	-1.96	-3.90	-0.23	-0.99
Valuation Ratios
P/E	11.90	10.31	0.00	0.00	0.00	0.00	0.00
Price to Book	0.93	1.15	0.91	0.49	0.53	1.24	1.51
EV/EBITDA	5.16	4.95	14.42	51.96	-39.94	10.20	1,571
Dividend Yield (%)	5.81	4.74	0.00	0.00	0.00	0.00	0.00

Quarterly Results

Mirc Electronics Ltd.
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In Rs. Cr.	Dec'22	Mar'23	Jun'23	Sep'23	Dec'23	Mar'24	Jun'24	Sep'24	Dec'24	Mar'25
Net Sales	271	225	183	193	295	297	228	151	167	201
Operating Expenses	271	225	187	196	288	343	223	146	169	201
Increase/Decrease in Stock	-6.56	23.08	8.79	-18.58	-52.69	30.00	62.32	12.59	-17.34	-26.82
Raw Material	185	75.33	84.01	103	179	96.63	38.86	67.83	53.92	26.45
Employee Cost	18.19	14.66	15.53	16.12	16.23	14.04	14.70	15.28	15.93	14.64
Selling and Distribution Expenses	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Electricity, Power & Fuel Cost	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Gen_AdminExpenses	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Miscellaneous Expenses	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Profit	0.26	-0.39	-3.23	-3.15	6.71	-46.01	4.71	5.66	-1.79	-0.44
Other Income	1.45	0.17	2.49	2.81	0.51	0.68	3.06	1.24	2.58	3.85
Interest	2.25	4.19	3.31	4.05	3.76	3.94	3.29	3.88	4.48	2.95
PBDT	-0.54	-4.41	-4.05	-4.39	3.46	-49.27	2.25	3.02	-3.69	2.69
Depreciation and Amortization	2.02	2.91	2.17	2.04	1.91	1.84	1.81	1.67	1.58	1.51
Profit Before Tax	-2.56	-7.32	-6.22	-6.43	1.55	-51.11	0.44	1.35	-5.27	1.18
Tax	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Profit After Tax	-2.56	-7.32	-6.22	-6.43	1.55	-51.11	0.44	1.35	-5.27	1.18
Exceptional Items	0.00	0.00	0.00	0.00	0.00	0.00	-2.23	0.00	0.00	2.23
Net Profit	-2.56	-7.32	-6.22	-6.43	1.55	-51.11	0.44	1.35	-5.27	1.18
Quarterly Ratios
EPS	-0.11	-0.32	-0.27	-0.28	0.07	-2.21	0.02	0.06	-0.23	0.05
Operating Profit Margin	0.10	-0.17	-1.76	-1.63	2.28	-15.50	2.07	3.74	-1.07	-0.22
Net Profit Margin	-0.94	-3.25	-3.39	-3.33	0.53	-17.22	0.19	0.89	-3.16	0.59

Reverse DCF

Earnings

Discount Rate (%)

Terminal Multiple

5 YEAR

10 YEAR

20 YEAR

#N/A.0

Implied Growth Rate over a 5 year period*

#N/A.0

Implied Growth Rate over a 10 year period*

#N/A.0

Implied Growth Rate over a 20 year period*

*Implied Growth calculated using Newton-Raphson method.

Learn how to use Reverse DCF

FAQs on Mirc Electronics Ltd. Financials

How strong is MIRC Electronics balance sheet?

Balance sheet of MIRC Electronics is moderately strong, But short term working capital might become an issue for this company.

Is the debt of MIRC Electronics increasing or decreasing?

Yes, The net debt of MIRC Electronics is increasing.
Latest net debt of MIRC Electronics is ₹78.16 Crs as of Mar-25.
This is greater than Mar-24 when it was ₹75.51 Crs.

Is the profitablity of MIRC Electronics improving?

The profit is oscillating.
The profit of MIRC Electronics is -₹2.3 Crs for TTM, -₹62.21 Crs for Mar 2024 and -₹12.47 Crs for Mar 2023.

Does MIRC Electronics pay decent dividends?

The company seems to be paying a very low dividend.
Investors need to see where the company is allocating its profits.
MIRC Electronics latest dividend payout ratio is 0% and 3yr average dividend payout ratio is 0%

How has MIRC Electronics allocated its funds?

Companies resources are allocated to majorly unproductive assets like Accounts Receivable

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Mirc Electronics Ltd.

Mirc Electronics Ltd.

Has the share price of MIRC Electronics grown faster than its competition?

Is MIRC Electronics stock expensive?

How strong is MIRC Electronics balance sheet?

Is the debt of MIRC Electronics increasing or decreasing?

Is the profitablity of MIRC Electronics improving?

Does MIRC Electronics pay decent dividends?

How has MIRC Electronics allocated its funds?

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