MIRC Electronics (MIRCELECTR)
TurnaroundScore breakdown: P/E: 0/3 · ROCE: 0/2 · Growth: 0/2 · Dividend: 0/1
Key Financials
| Current Price | ₹38.22 |
| Market Cap | ₹1,411.82 Cr |
| P/E Ratio | 0 |
| ROCE | 5.35% |
| ROE | -20.07% |
| Dividend Yield | 0% |
| Profit Growth | -101.52% |
| Debt/Equity | 0.33 |
| Sales Growth | -28.4% |
| Promoter Holding | 40.51% |
| 52-Week Range | ₹21.5 — ₹49.12 |
| Sector | Consumer Durables |
| Book Value | ₹5.28 |
Strengths
- Sales growth of 27.11% shows some revenue momentum
- Debt/equity is low at 0.31, limiting financial distress risk
- ROCE is positive at 5.35%, indicating some operating cash generation before capital costs
- Promoter holding at 40.51% provides some alignment of interest
Concerns
- Zero earnings with P/E of 0.00 and latest quarter net loss of ₹13 Cr
- P/B of 9.01 is extraordinarily expensive for a company with negative ROE of -20.07%
- Profit growth of -101.52% and no dividend mean shareholders get no current return
- Piotroski F-Score of 4/9 and FairStock Score of 11/100 point to weak financial health
AI Analysis
Let’s examine MIRC Electronics through a Graham-Buffett lens. At ₹33.51, the market cap is ₹1,038 Cr, but the company has no earnings—P/E is 0.00—and just posted a net loss of ₹13 Cr on ₹212 Cr of latest-quarter sales. A business that cannot generate positive profit while its top line grows is consuming capital, not creating it. Return on equity is deeply negative at -20.07%, while book value is only ₹3.72 per share, so paying ₹33.51 means buying at 9 times book for an asset with poor earning power. The ROCE of 5.35% is likely below any reasonable cost of capital, and the Piotroski F-Score of 4/9 signals weak fundamentals. Debt/equity of 0.31 is not alarming, but low debt does not make a bad business good. Sales growth of 27.11% catches the eye, but profit growth of -101.52% warns that expansion is not translating into shareholder value. There is no dividend, promoter holding is moderate at 40.51%, and the FairStock Score of 11/100 labels it risky. In the consumer electronics space, competition is brutal, products are commoditised, and pricing power is limited. This looks like a speculative turnaround story, not an investment. Graham would say price is what you pay, value is what you get; here, value is absent. I would need a far lower price, a clear path to sustained profitability, and evidence of an economic moat before showing any interest. For now, the margin of safety is nowhere in sight.
Data from BSE/NSE filings. AI analysis is for educational purposes only — not investment advice. Scoring methodology · Disclaimer