MIRC Electronics Limited (MIRCELECTR) - Net Assets
Based on the latest financial reports, MIRC Electronics Limited (MIRCELECTR) has net assets worth Rs1.57 Billion INR (≈ $16.95 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs4.84 Billion ≈ $52.29 Million USD) and total liabilities (Rs3.27 Billion ≈ $35.35 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 MIRC Electronics Limited (MIRCELECTR) tangible equity ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Rs1.57 Billion |
| % of Total Assets | 32.41% |
| Annual Growth Rate | -2.06% |
| 5-Year Change | -43.75% |
| 10-Year Change | -8.61% |
| Growth Volatility | 24.4 |
MIRC Electronics Limited - Net Assets Trend (2005–2025)
This chart illustrates how MIRC Electronics Limited's net assets have evolved over time, based on quarterly financial data. See MIRC Electronics Limited (MIRCELECTR) defensive interval to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for MIRC Electronics Limited (2005–2025)
The table below shows the annual net assets of MIRC Electronics Limited from 2005 to 2025. For live valuation and market cap data, see MIRCELECTR market cap.
| Year | Net Assets | Change |
|---|---|---|
| 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 125453900000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | Rs231.10 Million | 18.38% |
| Other Comprehensive Income | Rs1.11 Billion | 87.96% |
| Other Components | Rs1.17 Billion | 93.45% |
| Total Equity | Rs1.26 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 |
|---|---|
|
BRC Inc.
NYSE:BRCC
|
$152.69 Million |
|
Putnam Master Intermediate Income Trust
NYSE:PIM
|
$152.74 Million |
|
Mendelson Infrastructures and Industries Ltd
TA:MNIN
|
$152.74 Million |
|
Quarterhill Inc
TO:QTRH
|
$152.75 Million |
|
Digital Aria Co Ltd
KQ:115450
|
$152.64 Million |
|
Kian Shen Corp
TW:1525
|
$152.63 Million |
|
Condor Energies Inc.
TO:CDR
|
$152.55 Million |
|
Thryv Holdings Inc
NASDAQ:THRY
|
$152.52 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 2024 to 2025, total equity changed from 1,284,452,000 to 1,257,200,000, a change of -27,252,000 (-2.1%).
- Net loss of 23,000,000 reduced equity.
- Other comprehensive income decreased equity by 2,213,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Rs-23.00 Million | -1.83% |
| Other Comprehensive Income | Rs-2.21 Million | -0.18% |
| Other Changes | Rs-2.04 Million | -0.16% |
| Total Change | Rs- | -2.12% |
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: 6.99x
- 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 3.20x to 6.99x 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 | Rs38.22 | x |
| 2006-03-31 | Rs12.72 | Rs38.22 | x |
| 2007-03-31 | Rs14.01 | Rs38.22 | x |
| 2008-03-31 | Rs15.18 | Rs38.22 | x |
| 2009-03-31 | Rs16.50 | Rs38.22 | x |
| 2010-03-31 | Rs15.55 | Rs38.22 | x |
| 2011-03-31 | Rs16.34 | Rs38.22 | x |
| 2012-03-31 | Rs13.91 | Rs38.22 | x |
| 2013-03-31 | Rs12.47 | Rs38.22 | x |
| 2014-03-31 | Rs8.54 | Rs38.22 | x |
| 2015-03-31 | Rs8.85 | Rs38.22 | x |
| 2016-03-31 | Rs7.01 | Rs38.22 | x |
| 2017-03-31 | Rs6.22 | Rs38.22 | x |
| 2018-03-31 | Rs10.88 | Rs38.22 | x |
| 2019-03-31 | Rs10.11 | Rs38.22 | x |
| 2020-03-31 | Rs9.61 | Rs38.22 | x |
| 2021-03-31 | Rs9.68 | Rs38.22 | x |
| 2022-03-31 | Rs8.80 | Rs38.22 | x |
| 2023-03-31 | Rs8.26 | Rs38.22 | x |
| 2024-03-31 | Rs5.56 | Rs38.22 | x |
| 2025-03-31 | Rs5.47 | Rs38.22 | 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): -1.83%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -0.31%
- • Asset Turnover: 1.41x
- • Equity Multiplier: 4.20x
- Recent ROE (-1.83%) is above the historical average (-4.64%), indicating improving 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 |
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: $7,217,805,777
- Average return on equity (ROE) among peers: 16.23%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| MIRC Electronics Limited (MIRCELECTR) | Rs1.57 Billion | 12.19% | 2.09x | $152.68 Million |
| Archidply Decor Limited (ADL) | $495.82 Million | -1.42% | 0.53x | $4.17 Million |
| Airo Lam limited (AIROLAM) | $119.84 Million | 12.37% | 3.06x | $14.22 Million |
| Amber Enterprises India Limited (AMBER) | $19.54 Billion | 8.05% | 2.20x | $3.03 Billion |
| AVRO INDIA LIMITED (AVROIND) | $67.79 Million | 12.57% | 1.32x | $1.50 Million |
| Bajaj Electricals Limited (BAJAJELEC) | $8.63 Billion | 11.84% | 2.56x | $410.62 Million |
| Borosil Limited (BOROLTD) | $5.80 Billion | 11.36% | 0.86x | $299.33 Million |
| Butterfly Gandhimathi Appliances Limited (BUTTERFLY) | $2.35 Billion | 5.26% | 1.49x | $126.04 Million |
| CARYSIL LIMITED (CARYSIL) | $1.36 Billion | 12.64% | 1.02x | $380.74 Million |
| Cello World Limited (CELLO) | $2.73 Billion | 74.79% | 3.89x | $926.49 Million |
| Crompton Greaves Consumer Electricals Limited (CROMPTON) | $31.08 Billion | 14.91% | 0.82x | $1.93 Billion |
About MIRC Electronics Limited
MIRC 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 incorporated in 19… Read more