MIRC Electronics

NSE: MIRCELECTR · Consumer Electronics

52W Range₹15 ₹49

Snapshot

Unlock MIRC Electronics's vital signs

Growth · Profitability · Valuation · Strength · Conviction

Company Overview

Business

MIRC Electronics Limited is an Indian manufacturer and marketer of consumer electronics and durables, primarily operating under the Onida and IGO brands. Its diverse product portfolio includes televisions, air conditioners, washing machines, and various home appliances.

Business Model

The company generates revenue through the manufacturing, distribution, and sale of consumer electronics and home appliances across domestic and international markets.

Growth Outlook

Growth is driven by the expansion of its product range in the consumer durables segment and the strengthening of its distribution network within India and export markets.

Key Risks

  • Intense Market Competition. The company faces significant competition from both domestic players and global brands with larger marketing budgets and technological resources.
  • Input Cost Volatility. Fluctuations in the prices of raw materials and electronic components can adversely impact profit margins.
  • Technological Obsolescence. Rapid advancements in consumer electronics require constant innovation to maintain product relevance and market share.
  • Supply Chain Disruptions. Dependence on global supply chains for critical components exposes the company to geopolitical and logistical risks.

Price

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Key Metrics

REVENUE

₹801 Cr

TTM · standalone

+7.3%YoY

NET PROFIT

₹7 Cr

TTM · standalone

+425.7%YoY

EPS

₹-0.13

TTM · standalone

-30.0%YoY

RETURN ON EQUITY

4.9%

TTM · standalone

+6.7 ppYoY

RETURN ON CAPITAL EMPLOYED

14.9%

TTM · standalone

+6.8 ppYoY

P/E

-294.0x

Q4 FY26 · standalone

-294.0 vs -34.9x5Y avg

EV/EBITDA

-79.5x

Q4 FY26 · standalone

-79.5 vs 212.0x5Y avg

EBITDA MARGIN

-1.8%

TTM · standalone

-4.3 ppYoY

NET PROFIT MARGIN

32.9%

Q4 FY26 · standalone

+32.3 ppYoY

DEBT TO EQUITY

0.3x

Q4 FY26 · standalone

-0.50xYoY

Peers · Consumer Electronics

CompanyMkt Cap (Cr)P/EEV/EBITDARev Gr YoYEBITDA MgnROEROCE1Y Return
MIRC ElectronicsMIRCELECTR
888-294.00-79.487.3%-1.8%4.9%14.9%
Dixon Technologies (India) Ltd.DIXON
62,23053.2734.0825.8%5.3%48.0%46.1%-9.9%
PG Electroplast Ltd.PGEL
14,29789.8641.428.6%8.4%6.8%11.1%-25.0%
IKIO TechIKIO
83940.6118.0722.5%15.5%7.3%10.2%+0.5%
CWDCWD
59518.0%-78.8%
Universus PhotoUNIVPHOTO
4785.7344.94-23.7%54.3%0.0%-1109.7%+50.7%

As of Q4 FY26

Financials