MIRC Electronics Limited (MIRCELECTR) - Net Assets
Based on the latest financial reports, MIRC Electronics Limited (MIRCELECTR) has net assets worth Rs2.38 Billion INR (≈ $25.72 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs5.24 Billion ≈ $56.63 Million USD) and total liabilities (Rs2.86 Billion ≈ $30.91 Million USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check MIRCELECTR PP&E to net assets ratio to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Rs2.38 Billion |
| % of Total Assets | 45.41% |
| Annual Growth Rate | 1.06% |
| 5-Year Change | 16.99% |
| 10-Year Change | 91.37% |
| Growth Volatility | 30.41 |
MIRC Electronics Limited - Net Assets Trend (2005–2026)
This chart illustrates how MIRC Electronics Limited's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see how much is MIRC Electronics Limited worth.
Annual Net Assets for MIRC Electronics Limited (2005–2026)
The table below shows the annual net assets of MIRC Electronics Limited from 2005 to 2026. Also explore MIRCELECTR year-over-year net asset growth to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2026-03-31 | Rs2.38 Billion ≈ $25.72 Million |
+89.13% |
| 2025-03-31 | Rs1.26 Billion ≈ $13.60 Million |
-2.12% |
| 2024-03-31 | Rs1.28 Billion ≈ $13.89 Million |
-32.69% |
| 2023-03-31 | Rs1.91 Billion ≈ $20.64 Million |
-6.11% |
| 2022-03-31 | Rs2.03 Billion ≈ $21.98 Million |
-9.06% |
| 2021-03-31 | Rs2.24 Billion ≈ $24.17 Million |
+0.71% |
| 2020-03-31 | Rs2.22 Billion ≈ $24.00 Million |
-4.99% |
| 2019-03-31 | Rs2.34 Billion ≈ $25.26 Million |
-1.62% |
| 2018-03-31 | Rs2.37 Billion ≈ $25.67 Million |
+91.07% |
| 2017-03-31 | Rs1.24 Billion ≈ $13.44 Million |
-9.68% |
| 2016-03-31 | Rs1.38 Billion ≈ $14.88 Million |
-9.10% |
| 2015-03-31 | Rs1.51 Billion ≈ $16.37 Million |
+17.39% |
| 2014-03-31 | Rs1.29 Billion ≈ $13.94 Million |
-35.19% |
| 2013-03-31 | Rs1.99 Billion ≈ $21.51 Million |
-10.35% |
| 2012-03-31 | Rs2.22 Billion ≈ $24.00 Million |
-14.85% |
| 2011-03-31 | Rs2.61 Billion ≈ $28.18 Million |
+5.05% |
| 2010-03-31 | Rs2.48 Billion ≈ $26.83 Million |
-5.80% |
| 2009-03-31 | Rs2.63 Billion ≈ $28.48 Million |
+7.57% |
| 2008-03-31 | Rs2.45 Billion ≈ $26.47 Million |
+8.36% |
| 2007-03-31 | Rs2.26 Billion ≈ $24.43 Million |
+10.17% |
| 2006-03-31 | Rs2.05 Billion ≈ $22.18 Million |
+7.54% |
| 2005-03-31 | Rs1.91 Billion ≈ $20.62 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to MIRC Electronics Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 0.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (March 2026)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | Rs369.60 Million | 15.54% |
| Other Components | Rs2.01 Billion | 84.46% |
| Total Equity | Rs2.38 Billion | 100.00% |
MIRC Electronics Limited Competitors by Market Cap
The table below lists competitors of MIRC Electronics Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
VietinBank Securities JSC
VN:CTS
|
$177.38 Million |
|
Meridian Holdings Inc
NASDAQ:MRDN
|
$177.39 Million |
|
Gozde Girisim Sermayesi Yatirim Ortakligi AS
IS:GOZDE
|
$177.63 Million |
|
Lang & Schwarz Aktiengesellschaft
XETRA:LUS1
|
$177.65 Million |
|
GP-Act III Acquisition Corp. Class A Ordinary Share
NASDAQ:GPAT
|
$177.29 Million |
|
Compania Espanola de Viviendas en Alquiler SA
MC:CEV
|
$177.17 Million |
|
SC II Acquisition Corp. Class A ordinary share
NASDAQ:SCII
|
$177.15 Million |
|
Dong Nai Port JSC
VN:PDN
|
$177.13 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in MIRC Electronics Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2025 to 2026, total equity changed from 1,257,200,000 to 2,377,800,000, a change of 1,120,600,000 (89.1%).
- Net loss of 747,400,000 reduced equity.
- New share issuances of 1,861,800,000 increased equity.
- Other comprehensive income decreased equity by 1,105,823,000.
- Other factors increased equity by 1,112,023,000.
Equity Change Factors (2025 to 2026)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Rs-747.40 Million | -31.43% |
| Share Issuances | Rs1.86 Billion | +78.3% |
| Other Comprehensive Income | Rs-1.11 Billion | -46.51% |
| Other Changes | Rs1.11 Billion | +46.77% |
| Total Change | Rs- | 89.13% |
Book Value vs Market Value Analysis
This analysis compares MIRC Electronics Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 5.70x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has increased from 3.71x to 5.70x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2005-03-31 | Rs11.95 | Rs44.40 | x |
| 2006-03-31 | Rs12.72 | Rs44.40 | x |
| 2007-03-31 | Rs14.01 | Rs44.40 | x |
| 2008-03-31 | Rs15.18 | Rs44.40 | x |
| 2009-03-31 | Rs16.50 | Rs44.40 | x |
| 2010-03-31 | Rs15.55 | Rs44.40 | x |
| 2011-03-31 | Rs16.34 | Rs44.40 | x |
| 2012-03-31 | Rs13.91 | Rs44.40 | x |
| 2013-03-31 | Rs12.47 | Rs44.40 | x |
| 2014-03-31 | Rs8.54 | Rs44.40 | x |
| 2015-03-31 | Rs8.85 | Rs44.40 | x |
| 2016-03-31 | Rs7.01 | Rs44.40 | x |
| 2017-03-31 | Rs6.22 | Rs44.40 | x |
| 2018-03-31 | Rs10.88 | Rs44.40 | x |
| 2019-03-31 | Rs10.11 | Rs44.40 | x |
| 2020-03-31 | Rs9.61 | Rs44.40 | x |
| 2021-03-31 | Rs9.68 | Rs44.40 | x |
| 2022-03-31 | Rs8.80 | Rs44.40 | x |
| 2023-03-31 | Rs8.26 | Rs44.40 | x |
| 2024-03-31 | Rs5.56 | Rs44.40 | x |
| 2025-03-31 | Rs5.47 | Rs44.40 | x |
| 2026-03-31 | Rs7.79 | Rs44.40 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently MIRC Electronics Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -31.43%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -11.32%
- • Asset Turnover: 1.26x
- • Equity Multiplier: 2.20x
- Recent ROE (-31.43%) is below the historical average (-5.86%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2005 | 12.19% | 2.09% | 1.92x | 3.03x | Rs41.42 Million |
| 2006 | 13.01% | 2.15% | 2.03x | 2.97x | Rs61.19 Million |
| 2007 | 16.11% | 2.36% | 2.33x | 2.93x | Rs136.75 Million |
| 2008 | 14.64% | 2.30% | 2.08x | 3.05x | Rs112.51 Million |
| 2009 | 3.03% | 0.55% | 2.22x | 2.48x | Rs-183.62 Million |
| 2010 | 8.06% | 1.31% | 2.09x | 2.95x | Rs-48.10 Million |
| 2011 | 11.13% | 1.50% | 2.17x | 3.43x | Rs29.54 Million |
| 2012 | -17.45% | -2.31% | 2.15x | 3.50x | Rs-609.12 Million |
| 2013 | -14.40% | -2.22% | 1.78x | 3.65x | Rs-485.30 Million |
| 2014 | -48.20% | -4.77% | 1.95x | 5.19x | Rs-750.25 Million |
| 2015 | -3.02% | -0.43% | 1.61x | 4.40x | Rs-197.03 Million |
| 2016 | -14.14% | -2.52% | 1.31x | 4.28x | Rs-332.12 Million |
| 2017 | -15.49% | -2.64% | 1.41x | 4.16x | Rs-316.67 Million |
| 2018 | 9.90% | 3.22% | 1.34x | 2.29x | Rs-2.48 Million |
| 2019 | -1.88% | -0.68% | 1.26x | 2.20x | Rs-277.59 Million |
| 2020 | -5.17% | -1.90% | 1.05x | 2.60x | Rs-336.62 Million |
| 2021 | 0.84% | 0.25% | 1.15x | 2.98x | Rs-204.64 Million |
| 2022 | -9.88% | -1.69% | 1.69x | 3.47x | Rs-403.96 Million |
| 2023 | -6.53% | -1.12% | 2.10x | 2.77x | Rs-315.54 Million |
| 2024 | -48.43% | -6.44% | 1.70x | 4.44x | Rs-750.53 Million |
| 2025 | -1.83% | -0.31% | 1.41x | 4.20x | Rs-148.72 Million |
| 2026 | -31.43% | -11.32% | 1.26x | 2.20x | Rs-985.18 Million |
Industry Comparison
This section compares MIRC Electronics Limited's net assets metrics with peer companies in the Furnishings, Fixtures & Appliances industry.
Industry Context
- Industry: Furnishings, Fixtures & Appliances
- Average net assets among peers: $6,603,044,666
- Average return on equity (ROE) among peers: 18.25%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| MIRC Electronics Limited (MIRCELECTR) | Rs2.38 Billion | 12.19% | 1.20x | $177.37 Million |
| Archidply Decor Limited (ADL) | $512.85 Million | -6.41% | 0.72x | $4.22 Million |
| Airo Lam limited (AIROLAM) | $119.84 Million | 12.37% | 3.06x | $14.44 Million |
| Amber Enterprises India Limited (AMBER) | $21.16 Billion | 6.28% | 2.12x | $2.71 Billion |
| AVRO INDIA LIMITED (AVROIND) | $206.84 Million | 14.39% | 0.80x | $11.52 Million |
| Bajaj Electricals Limited (BAJAJELEC) | $10.56 Billion | 14.81% | 3.90x | $403.14 Million |
| Borosil Limited (BOROLTD) | $5.10 Billion | 10.17% | 0.67x | $335.23 Million |
| Butterfly Gandhimathi Appliances Limited (BUTTERFLY) | $116.99 Million | 53.98% | 3.75x | $113.27 Million |
| CARYSIL LIMITED (CARYSIL) | $3.58 Billion | 16.16% | 1.36x | $347.98 Million |
| Cello World Limited (CELLO) | $13.70 Billion | 24.17% | 0.44x | $770.26 Million |
| Crompton Greaves Consumer Electricals Limited (CROMPTON) | $10.97 Billion | 36.58% | 1.43x | $1.58 Billion |
About MIRC Electronics Limited
Onida Electronics Limited engages in manufacturing and trading of electronics and consumer durables in India. The company offers LED, LCD, and colour televisions; air conditioners; washing machines; microwave ovens; refrigerators; mobile phones; air cooler; LED light speaker system; and HD media player products under the Onida brand. It also exports its products. The company was formerly known as… Read more