BSE:500279

Stock Analysis Report

Executive Summary

MIRC Electronics Limited manufactures and markets electronics and consumer durables in India.

Snowflake

Fundamentals

Adequate balance sheet and overvalued.


Similar Companies

Share Price & News

How has MIRC Electronics's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

12.6%

500279

1.5%

IN Consumer Durables

1.6%

IN Market


1 Year Return

-70.1%

500279

10.9%

IN Consumer Durables

0.8%

IN Market

Return vs Industry: 500279 underperformed the Indian Consumer Durables industry which returned 10.9% over the past year.

Return vs Market: 500279 underperformed the Indian Market which returned 0.8% over the past year.


Shareholder returns

500279IndustryMarket
7 Day12.6%1.5%1.6%
30 Day-35.6%9.1%1.5%
90 Day-51.3%9.1%-3.3%
1 Year-70.1%-70.1%11.4%10.9%2.7%0.8%
3 Year-55.3%-55.3%34.1%32.1%22.0%16.0%
5 Year12.3%12.3%134.5%128.0%42.3%29.3%

Price Volatility Vs. Market

How volatile is MIRC Electronics's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is MIRC Electronics undervalued compared to its fair value and its price relative to the market?

0.75x

Price to Book (PB) ratio


Share Price vs. Fair Value

Undervalued: Insufficient data to calculate 500279's fair value to establish if it is undervalued.

Significantly Undervalued: Insufficient data to calculate 500279's fair value to establish if it is undervalued.


Price To Earnings Ratio

PE vs Industry: 500279 is unprofitable, so we can't compare its PE Ratio to the Consumer Durables industry average.

PE vs Market: 500279 is unprofitable, so we can't compare its PE Ratio to the Indian market.


Price to Earnings Growth Ratio

Low PEG Ratio: Insufficient data to calculate 500279's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 500279 is good value based on its PB Ratio (0.8x) compared to the IN Consumer Durables industry average (1.3x).


Next Steps

Future Growth

How is MIRC Electronics forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

42.8%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: 500279 is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: 500279 is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: 500279 is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: Insufficient data to determine if 500279's revenue is forecast to grow faster than the Indian market.

High Growth Revenue: Insufficient data to determine if 500279's revenue is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: Insufficient data to determine if 500279's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

How has MIRC Electronics performed over the past 5 years?

31.4%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: 500279 is unprofitable, but has reduced losses over the past 5 years at a rate of 31.4% per year.

Accelerating Growth: Unable to compare 500279's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: 500279 is unprofitable, making it difficult to compare its past year earnings growth to the Consumer Durables industry (5.2%).


Return on Equity

High ROE: 500279 has a negative Return on Equity (-1.71%), as it is currently unprofitable.


Return on Assets

ROA vs Industry: 500279 is currently unprofitable, so its Return on Assets is negative.


Return on Capital Employed

ROCE Improving: 500279 is currently unprofitable, so its Return on Capital Employed is negative.


Next Steps

Financial Health

How is MIRC Electronics's financial position?


Financial Position Analysis

Short Term Liabilities: 500279's short term assets (₹3.6B) exceeds its short term liabilities (₹2.6B)

Long Term Liabilities: 500279's short term assets (3.6B) exceeds its long term liabilities (234.6M)


Debt to Equity History and Analysis

Debt Level: 500279's debt to equity ratio (29.8%) is considered satisfactory

Reducing Debt: 500279's debt to equity ratio has reduced from 192.8% to 29.8% over the past 5 years.


Balance Sheet

Inventory Level: 500279 has a high level of physical assets or inventory.

Debt Coverage by Assets: 500279's debt is covered by short term assets (assets are 5.194700x debt).


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: Insufficient data to determine if 500279 has enough cash runway based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if 500279 has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


Next Steps

Dividend

What is MIRC Electronics's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

company0%marketbottom25%0.6%markettop25%2.5%industryaverage0.5%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: Unable to evaluate 500279's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate 500279's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.

Stable Dividend: Insufficient data to determine if 500279's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 500279's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: 500279 is not paying a notable dividend for .


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of 500279's dividend in 3 years as they are not forecast to pay a notable one for the Indian market.


Next Steps

Management

What is the CEO of MIRC Electronics's salary, the management and board of directors tenure and is there insider trading?

2.7yrs

Average management tenure


CEO

G. Sundar 0

5.8yrs

Tenure

₹31,714,570

Compensation

Mr. G. Sundar, C.A., I.C.W.A., A.C.S, has been Chief Executive Officer at MIRC Electronics Limited since January 31, 2014 and served as its Director of Strategy since July 10, 2013 until June 2, 2017. Mr.  ...


CEO Compensation Analysis

Compensation vs. Market: Insufficient data to establish whether G.'s total compensation is reasonable compared to companies of similar size in the Indian market.

Compensation vs Earnings: G.'s compensation has been consistent with company performance over the past year.


Management Age and Tenure

2.7yrs

Average Tenure

51yo

Average Age

Experienced Management: 500279's management team is considered experienced (2.7 years average tenure).


Board Age and Tenure

3.4yrs

Average Tenure

57.5yo

Average Age

Experienced Board: 500279's board of directors are considered experienced (3.4 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown


Management Team

  • G. Sundar

    Chief Executive Officer

    • Tenure: 5.8yrs
    • Compensation: ₹31.71m
  • Gulu Mirchandani (76yo)

    Co-Founder

    • Tenure: 0yrs
    • Compensation: ₹12.20m
  • Vijay Mansukhani (70yo)

    Founder

    • Tenure: 38.8yrs
    • Compensation: ₹12.20m
  • Tamal Saha (51yo)

    Chief Operating Officer

    • Tenure: 0.4yrs
  • Lalit Chendvankar

    Head of Corporate Affairs & Legal

    • Tenure: 4.2yrs
    • Compensation: ₹4.40m
  • Subrat Nayak

    Vice President of Strategy

    • Tenure: 1.2yrs
    • Compensation: ₹2.46m
  • Kaval Mirchandani (44yo)

    Whole Time Director

    • Tenure: 3.4yrs
    • Compensation: ₹4.38m
  • Pratyush Chinmoy

    Assistant General Manager of Marketing

    • Tenure: 1.2yrs
  • Sanjay Munshi (49yo)

    Whole Time Director & VP of Operation

    • Tenure: 0.7yrs
    • Compensation: ₹943.05k
  • Karthi Chandramouli

    Chief Financial Officer

    • Tenure: 0.2yrs

Board Members

  • Gulu Mirchandani (76yo)

    Co-Founder

    • Tenure: 0yrs
    • Compensation: ₹12.20m
  • Vijay Mansukhani (70yo)

    Founder

    • Tenure: 38.8yrs
    • Compensation: ₹12.20m
  • Carlton Pereira (52yo)

    Independent & Non-Executive Director

    • Tenure: 5.4yrs
    • Compensation: ₹180.00k
  • Rafique Malik (68yo)

    Independent & Non-Executive Director

    • Tenure: 5.8yrs
    • Compensation: ₹170.00k
  • Kaval Mirchandani (44yo)

    Whole Time Director

    • Tenure: 3.4yrs
    • Compensation: ₹4.38m
  • Arvind Sharma (63yo)

    Independent & Non-Executive Director

    • Tenure: 2.9yrs
    • Compensation: ₹160.00k
  • Sujata Deshmukh (45yo)

    Independent & Non-Executive Women Director

    • Tenure: 2.9yrs
    • Compensation: ₹70.00k
  • Sanjay Munshi (49yo)

    Whole Time Director & VP of Operation

    • Tenure: 0.7yrs
    • Compensation: ₹943.05k

Company Information

MIRC Electronics Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: MIRC Electronics Limited
  • Ticker: 500279
  • Exchange: BSE
  • Founded: 1981
  • Industry: Consumer Electronics
  • Sector: Consumer Durables
  • Market Cap: ₹1.596b
  • Shares outstanding: 230.95m
  • Website: https://www.onida.com

Number of Employees


Location

  • MIRC Electronics Limited
  • Onida House
  • G1, MIDC
  • Mumbai
  • Maharashtra
  • 400093
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
500279BSE (Mumbai Stock Exchange)YesEquity SharesININRJul 2001
MIRCELECTRNSEI (National Stock Exchange of India)YesEquity SharesININRJul 2001

Biography

MIRC Electronics Limited manufactures and markets electronics and consumer durables in India. It offers LED and LCD televisions, air conditioners, washing machines, microwave ovens, DVD and home theatre sy ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/14 12:38
End of Day Share Price2019/10/14 00:00
Earnings2019/06/30
Annual Earnings2019/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.