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MIRC Electronics Ltd

NSE: MIRCELECTR BSE: 500279

MIRC Electronics Ltd (MIRCELECTR) is a Diversified company listed on NSE: MIRCELECTR | BSE: 500279. With a market cap of ₹1,485 Cr and ROCE of 5.35%, ROE of 1.81%, it operates in the Indian Diversified sector.

₹40.2
52W: ₹12.2 — ₹49.2
PE 0 · Book ₹4.24 · +848% vs book
Market Cap₹1,485 Cr
Stock P/E—Price to Earnings
ROCE5.35%Return on Capital
ROE1.81%Return on Equity
Div. Yield0%Face Value ₹1

Strengths

  • +Company has reduced debt.

Weaknesses

  • −Stock is trading at 9.39 times its book value
  • −Company has low interest coverage ratio.
  • −The company has delivered a poor sales growth of 4.32% over past five years.
  • −Company has a low return on equity of -16.7% over last 3 years.
  • −Promoters have pledged 28.4% of their holding.
  • −Debtor days have increased from 55.0 to 74.3 days.
  • −Company's cost of borrowing seems high
  • −Promoter holding has decreased over last 3 years: -12.8%

Shareholding Pattern

Promoters40.51%
FIIs0.06%
DIIs0%
Public59.43%
CategoryJun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters53.37%53.37%53.37%53.37%53.37%53.37%40.51%▼12.940.51%
FIIs0%0%0.06%▲0.10.2%▲0.10%▼0.20.03%▲0.00.07%▲0.00.06%▼0.0
DIIs0%0%0.01%▲0.00.01%0.01%0.01%0%▼0.00%
Public46.63%46.64%▲0.046.57%▼0.146.42%▼0.146.62%▲0.246.59%▼0.059.41%▲12.859.43%▲0.0

Financial Statements

MetricSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales193295297228151167201141163212
Expenses196288343223146169201149181220
Operating Profit-37-4656-20-8-17-8
OPM %-2%2%-16%2%4%-1%0%-6%-11%-4%
Net Profit-62-5101-51-12-2-13
EPS ₹-0.230.06-1.820.020.05-0.190.04-0.45-0.06-0.35

AI Insights

Revenue Trend

TTM revenue at ₹717Cr, down 4% YoY. OPM at -5%.

Debt Position

Borrowings at ₹49Cr. Debt-to-equity ratio: 0.38x. Healthy balance sheet.

Capex Cycle

CWIP at ₹2Cr (3% of fixed assets). Moderate ongoing capital expenditure.

Institutional Flow

DIIs: 0% (+0.00pp change). FIIs: 0.06% (-1.00pp change). Promoters hold 40.51%.

Margin & Efficiency

ROCE improving from -5% (Mar 2014) to 5% (Mar 2025). Working capital days: 7.

Recent Announcements