Onida Electronics Ltd
- Market cap
- ₹ 945 Cr.
- P/E
- 8.7x
- P/B
- 4.01x
- 52-week range
- 21.5 – 49.23
- ROE
- −34%
- ROCE
- −16%
- Dividend yield
- 0%
- Debt / equity
- 0.33
- Sector
- Consumer Durables
- Industry
- Consumer Electronics
- Listed on
- NSE, BSE
About
Onida Electronics Limited, formerly MIRC Electronics Limited, is an India-based company engaged in the business of manufacturing and marketing of consumer electronics goods primarily under the brand name Onida. It has a single segment, namely Consumer Durable products. The Company’s product categories include televisions, air conditioners, washing machines, microwave ovens, refrigerators, health care, air cooler, and dish washer. Its television products include Onida Google TV Nexg Series 75UIG and Onida Google TV Nexg Series 65UIG. Its refrigerator products include ONIDA 190 L DC single door 3-star refrigerator (Tulip Wine, RDS2053R) and ONIDA 190 L direct cool single door 3-star refrigerator. Its healthcare product is ONIDA OIRT1983 infrared thermometer. Its air cooler products include Aero PC22AWG, Aero PC35AWG, Tempest DC52TWB and Tempest DC80TWB. It has three manufacturing plants, namely, Wada (Maharashtra), Lote-Parshuram, Chiplun (Maharashtra) and Roorkee-II (Uttarakhand).
Quick check
The five things to look at first. Open one for more.
Compared with its industry
Consumer Electronics: 24 companies →Onida Electronics Ltd against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.
- Valuation (P/E)8.7 against a typical 24.8: cheaper than most peers (1st = cheapest).5th of 23
- Sales growth+29.1% against a typical +33.3% from a year earlier.12th of 21
- Share price, 3 months−33.3% against a typical −16.1%.21st of 22
- Size₹ 944.9 Cr. market value against a typical ₹ 308 Cr. (1st = largest).5th of 22
Credit ratings
Every rating action on file, newest first, including reaffirmations. Open a row for the agency's reasoning. All credit rating updates
Look closer
Rated BB by Infomerics- Infomerics lowered its rating on 29 May 2026.
| Agency | Current rating | Outlook | As of |
|---|---|---|---|
| Infomerics | IVR BB | Stable | 29 May 2026 |
| CARE | Withdrawn | — | 5 Mar 2026 |
| Rating | Details | |||||
|---|---|---|---|---|---|---|
| 29 May 2026 | ▼ Downgrade1 notch | IVR BB+ → IVR BB | — | Infomerics | ₹ 275 Cr. | |
| 5 Mar 2026 | Withdrawn | — | — | CARE | — | |
| 30 Oct 2025 | New rating | IVR BB+ | — | Infomerics | ₹ 215 Cr. |
Board meetings
Results dates and other board meetings. Full calendar
| Details | ||
|---|---|---|
| 7 Aug 2026 | Financial Results | To consider and approve the following matters:1. Unaudited Financial Results for the first quarter ended June 30, 2026 along with the Limited Review Report by the Statutory Auditors of the Company.2. The allotment of Equity Shares pursuant to the exercise of vested Employee Stock Options by the eligible employee(s) under the MIRC Electronics Employee Stock Option Plan, 2023. |
| 20 May 2026 | Financial Results | To consider and approve the financial results for the period ended March 31, 2026 |
| 16 May 2026 | Fund Raising | To consider and approve the proposal for raising funds by way of issue of one or more instruments including equity shares, warrants, convertible preference shares, convertible or NonConvertible securities of any description or warrants, through preferential issue, private placements or qualified institutional placements or any other suitable methods or combination thereof as may be permittedunder applicable laws, subject to such regulatory/statutory approvals as may be required, including the approval of the shareholders of the Company |
| 31 Mar 2026 | Other business matters | To consider other business matters:1. To approve Grant of Stock Options above 1% of the issued capital (excluding outstanding warrants and conversions) to one employee under MIRC Electronics Employee Stock Option Plan 2023 ;2. To consider the change in name of the Company; and3. To approve notice of Extra-Ordinary General Meeting of the Company. |
| 11 Feb 2026 | Financial Results | To consider and approve the financial results for the period ended December 31, 2025 |
| 12 Nov 2025 | Financial Results | To consider and approve the financial results for the period ended September 30, 2025 |
Financials
Consolidated figures in ₹ crore.
| ₹ Cr. | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 193 | 295 | 297 | 228 | 151 | 167 | 201 | 141 | 163 | 212 | 144 | 182 |
| Expenses | 196 | 288 | 343 | 223 | 146 | 169 | 201 | 149 | 181 | 220 | 159 | 194 |
| Operating Profit | −3 | 7 | −46 | 5 | 6 | −2 | 0 | −8 | −17 | −8 | −15 | −11 |
| OPM % | −1.6% | 2.3% | −16% | 2.1% | 3.7% | −1.1% | −0.2% | −6% | −11% | −3.9% | −11% | −6% |
| Other Income | 3 | 1 | 1 | 1 | 1 | 3 | 6 | 1 | 22 | 1 | −27 | 2 |
| Interest | 4 | 4 | 4 | 3 | 4 | 4 | 3 | 3 | 5 | 4 | 3 | 3 |
| Depreciation | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 |
| Profit before tax | −6 | 2 | −51 | 0 | 1 | −5 | 1 | −12 | −2 | −13 | −47 | −14 |
| Tax % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Net Profit | −6 | 2 | −51 | 0 | 1 | −5 | 1 | −12 | −2 | −13 | −47 | −14 |
| EPS in Rs | −0.23 | 0.06 | −1.82 | 0.02 | 0.05 | −0.19 | 0.04 | −0.45 | −0.06 | −0.35 | −1.28 | −0.38 |
Growth and returns
Compounded yearly rates over each period.
- 10 Years
- −1%
- 5 Years
- −3%
- 3 Years
- −16%
- TTM
- 6%
- 10 Years
- −23%
- 5 Years
- —
- 3 Years
- —
- TTM
- −259%
- 10 Years
- 15%
- 5 Years
- 20%
- 3 Years
- 26%
- TTM
- —
- 10 Years
- −8%
- 5 Years
- −17%
- 3 Years
- −27%
- TTM
- —
Peers
Listed companies in the same business.
| Onida Electronics Ltd | ₹ 25.10 | ₹ 945 Cr. | 8.7x | 4x | −34% | — |
| Dixon Technologies (India) | ₹ 11,187.00 | ₹ 68,432 Cr. | 57.8x | 17.5x | 0% | 0% |
| Purple Wave Infocom | ₹ 390.20 | ₹ 361 Cr. | 28x | 6.5x | 0% | 0% |
| Videocon Industries | ₹ 7.25 | ₹ 242 Cr. | — | — | 0% | 0% |
| Trend Electronics | ₹ 12.87 | ₹ 10 Cr. | — | — | 0% | 0% |
| Ind Agiv Commerce Ltd | ₹ 39.00 | ₹ 12 Cr. | — | — | 0% | 0% |
Management
- Vijay J. Mansukhani
- Executive Chairman of the Board, Managing Director
- Gunjan Kumar Srivastava
- Chief Executive Officer, Managing Director, Executive Director
- Manish Desai
- Chief Financial Officer, Whole Time Director
- Prasad Oak
- Head- Legal, Corporate Affairs, Compliance Officer, Company Secretary
- Kaval Gulu Mirchandani
- Whole-Time Director
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