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MIRC Electronics Ltd

NSE: MIRCELECTR BSE: 500279

30.59

(-4.59%)

Sat, 14 Feb 2026, 03:17 pm

MIRC Electronics Analysis

dividend

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Pros

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    Cons

    • Unable to calculate sustainability of dividends as MIRC Electronics has not reported any payouts.
    • Unable to evaluate MIRC Electronics's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
    • Unable to evaluate MIRC Electronics's dividend against the top 25% market benchmark as the company has not reported any payouts.

    health

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    Pros

    • MIRC Electronics is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
    • Whilst loss making MIRC Electronics has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 21.5% per year.
    • Whilst loss making MIRC Electronics has sufficient cash runway for more than 3 years if it maintains the current positive free cash flow level.
    • Debt is well covered by operating cash flow (22.2%, greater than 20% of total debt).
    • Debt is covered by short term assets, assets are 4.2x debt.
    • MIRC Electronics's cash and other short term assets cover its long term commitments.
    • The level of debt compared to net worth has been reduced over the past 5 years (158.3% vs 39% today).
    • MIRC Electronics's level of debt (39%) compared to net worth is satisfactory (less than 40%).
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    Cons

    • MIRC Electronics is making a loss, therefore interest payments are not well covered by earnings.
    • High level of physical assets or inventory.

    management

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    Pros

    • The tenure for the MIRC Electronics board of directors is about average.
    • G.'s compensation has been consistent with company performance over the past year, both up more than 20%.
    • The tenure for the MIRC Electronics management team is about average.
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    Cons

    • G.'s remuneration is higher than average for companies of similar size in India.

    misc

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    Pros

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      Cons

      • MIRC Electronics is not covered by any analysts.
      • MIRC Electronics has significant price volatility in the past 3 months.

      past

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      Pros

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        Cons

        • Unable to compare MIRC Electronics's 1-year earnings growth to the 5-year average as it is not currently profitable.
        • MIRC Electronics does not make a profit even though their year on year earnings growth rate was positive over the past 5 years.
        • MIRC Electronics used its assets less efficiently than the IN Consumer Durables industry average last year based on Return on Assets.
        • It is difficult to establish if MIRC Electronics improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
        • It is difficult to establish if MIRC Electronics has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) as it is loss-making.
        • Unable to compare MIRC Electronics's 1-year growth to the IN Consumer Durables industry average as it is not currently profitable.

        value

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        Pros

        • MIRC Electronics is good value based on assets compared to the IN Consumer Durables industry average.
        • NSEI:MIRCELECTR is up 42.1% outperforming the Consumer Durables industry which returned 6.7% over the past month.
        • NSEI:MIRCELECTR is up 42.1% outperforming the market in India which returned 8% over the past month.
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        Cons

        • MIRC Electronics's share price is above the future cash flow value, it's not available at a moderate discount (< 20%).
        • MIRC Electronics's share price is above the future cash flow value, it's not available at a substantial discount (< 40%).
        • MIRC Electronics is loss making, we can't compare its value to the IN Consumer Durables industry average.
        • MIRC Electronics is loss making, we can't compare the value of its earnings to the India market.
        • MIRCELECTR underperformed the Consumer Durables industry which returned 5.6% over the past year.
        • MIRCELECTR underperformed the Market in India which returned -14.5% over the past year.

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