MIRC Electronics net profit shoots up by 70% - Views on News from Equitymaster

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks

MEMBER'S LOGINX

     
Login Failure
   
     
   
     
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

MIRC Electronics net profit shoots up by 70%

May 22, 2000

MIRC Electronics, the makers of Onida brand televisions, have shown a buoyant growth in the bottomline from Rs 270 m to Rs 461 m in FY00. The operating margins of the company is also up to 9.9% in FY00 from 8% in FY99. The stock is currently trading at Rs 400 at a P/E multiple of 6.1x on FY00 earnings.

(Rs m) FY99 FY00 Change
Sales 6,886 7,972 15.8%
Other Income 54 27 -51.2%
Expenditure 6,337 7,186 13.4%
Operating Profit (EBDIT) 549 786 43.1%
Operating Profit Margin (%) 8.0% 9.9%  
Interest 224 193 -14.1%
Depreciation 59 66 12.1%
Profit before Tax 320 554 72.9%
Tax 50 93 85.4%
Profit after Tax/(Loss) 270 461 70.6%
Net profit margin (%) 3.9% 5.8%  
Earnings per share* 38.45 65.60  

Equitymaster requests your view! Post a comment on "MIRC Electronics net profit shoots up by 70%". Click here!

  

More Views on News

Why CG Consumer Electrical Shares Were in Focus Today (Views On News)

Jul 26, 2021

The company's net profit for the June 2021 quarter zoomed 29% YoY despite the Covid-19 second wave.

More Views on News

Most Popular

Infosys vs TCS: Which is Better? (Views On News)

Nov 26, 2021

In the post pandemic era, the top two IT companies in India are fighting to capture the growing demand for IT.

This Multibagger Stock Zooms 20% After Dolly Khanna Buys Stake (Views On News)

Nov 24, 2021

Shares of this edible oil company zoomed over 50% in three days after ace investor bought around 1% stake.

How to Hit Rs 100 Crore Wealth in Your Lifetime (Equitymaster Wealth)

Nov 15, 2021

This is how you can achieve the ambitious goal of a net worth of Rs 100 crore.

Don't Sell these Stocks if the Market Falls (Profit Hunter)

Nov 17, 2021

These are the 3 types of stocks that you should not sell in a market crash.

MobiKwik IPO Opens for Subscription Soon. Key Things to Know Before Subscribing. (Views On News)

Nov 20, 2021

The Rs 19 bn issue is set to hit the market soon.

More

Become A Smarter Investor
In Just 5 Minutes

Multibagger Stock Guide 2022
Get our special report Multibagger Stocks Guide (2022 Edition) Now!
We will never sell or rent your email id.
Please read our Terms

MIRC ELEC SHARE PRICE


Nov 26, 2021 (Close)

TRACK MIRC ELEC

  • Track your investment in MIRC ELEC with Equitymaster's Portfolio Tracker. Set live price alerts, get research alerts and more. Get access now...
  • Add To MyStocks

MIRC ELEC - EURO MULTIVISION COMPARISON

COMPARE MIRC ELEC WITH

MARKET STATS