MIC Electronics Ltd

MIC Electronics Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

MIC Electronics Ltd

₹ 53.8 -0.35%
03 Jul - close price
mic.co.in BSE: 532850 NSE: MICEL
About

MIC Electronics is a global leader in the design, development & manufacturing of LED Video Displays, high-end Electronic and Telecommunication equipment and development of Telecom software since 1988.

Key Points

History
The company was once ranked 5th globally in true color display technology. SHARP (Japan) chose MIC for OEM solar-powered lanterns for its CSR activity. MIC also became the first and only company for a long time to receive RDSO approval for True Colour PIS displays and railway coach lighting products. [1]

Website BSE NSE
  • Market Cap ₹ 1,295 Cr.
  • Current Price ₹ 53.8
  • High / Low ₹ 115 / 49.5
  • Stock P/E 132
  • Book Value ₹ 9.19
  • Dividend Yield 0.00 %
  • ROCE 8.84 %
  • ROE 5.70 %
  • Face Value ₹ 2.00
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Pros

  • Company has delivered good profit growth of 19.2% CAGR over last 5 years

Cons

  • Stock is trading at 5.85 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has high debtors of 302 days.
  • Promoter holding has decreased over last 3 years: -8.15%

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Industrials Capital Goods Industrial Manufacturing Industrial Products

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
0.51 1.19 0.50 1.24 2.96 7.02 7.10 17.49 22.96 10.71 11.20 11.75 28.07
1.78 1.61 0.78 2.04 0.67 5.07 4.76 14.90 17.55 8.12 7.56 8.30 19.73
Operating Profit -1.27 -0.42 -0.28 -0.80 2.29 1.95 2.34 2.59 5.41 2.59 3.64 3.45 8.34
OPM % -249.02% -35.29% -56.00% -64.52% 77.36% 27.78% 32.96% 14.81% 23.56% 24.18% 32.50% 29.36% 29.71%
0.83 0.24 0.36 0.54 0.77 0.17 6.76 0.82 0.86 0.22 0.21 0.49 0.31
Interest 0.03 0.10 0.10 0.19 0.11 0.42 0.44 0.35 0.42 0.46 1.35 1.38 1.42
Depreciation 0.66 0.51 0.51 0.51 0.52 0.46 0.35 0.35 0.37 0.39 0.39 0.39 0.44
Profit before tax -1.13 -0.79 -0.53 -0.96 2.43 1.24 8.31 2.71 5.48 1.96 2.11 2.17 6.79
Tax % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% -804.93% 0.00% 0.00% 0.00% 47.72%
-1.13 -0.79 -0.53 -0.96 2.43 1.24 8.30 2.71 49.59 1.97 2.11 2.17 3.55
EPS in Rs -0.05 -0.04 -0.02 -0.04 0.11 0.06 0.37 0.12 2.24 0.08 0.09 0.09 0.15
Raw PDF
Upcoming result date: tomorrow

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 9m Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
83.85 150.43 206.75 217.93 158.62 4.84 1.86 1.09 31.14 5.89 54.57 61.73
81.14 138.94 162.82 215.63 162.89 24.54 18.95 2.73 25.46 5.10 42.09 43.71
Operating Profit 2.71 11.49 43.93 2.30 -4.27 -19.70 -17.09 -1.64 5.68 0.79 12.48 18.02
OPM % 3.23% 7.64% 21.25% 1.06% -2.69% -407.02% -918.82% -150.46% 18.24% 13.41% 22.87% 29.19%
-52.50 3.11 -192.81 2.15 -95.02 0.38 1.00 3.14 1.19 1.91 8.61 1.22
Interest 8.64 6.51 0.47 28.52 24.42 0.49 0.32 0.09 1.45 0.51 1.82 4.61
Depreciation 4.45 7.67 7.51 7.81 7.75 7.66 7.53 6.82 2.61 2.04 1.54 1.61
Profit before tax -62.88 0.42 -156.86 -31.88 -131.46 -27.47 -23.94 -5.41 2.81 0.15 17.73 13.02
Tax % -29.28% -423.81% -29.31% 9.10% 45.53% 0.00% 0.00% 0.00% 0.00% 0.00% -248.79% 24.88%
-44.47 2.20 -110.89 -34.78 -191.32 -27.48 -23.94 -5.41 2.81 0.15 61.84 9.79
EPS in Rs -4.34 0.18 -6.67 -1.58 -8.69 -1.25 -1.09 -0.25 0.13 0.01 2.79 0.41
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: -9%
5 Years: 101%
3 Years: 26%
TTM: 13%
Compounded Profit Growth
10 Years: 20%
5 Years: 19%
3 Years: 52%
TTM: -82%
Stock Price CAGR
10 Years: 9%
5 Years: 118%
3 Years: 53%
1 Year: -44%
Return on Equity
10 Years: %
5 Years: %
3 Years: 20%
Last Year: 6%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 20.50 23.78 33.23 44.05 44.05 44.05 44.05 44.05 44.29 44.29 44.29 48.20
Reserves 280.16 287.93 199.01 62.77 -127.99 -155.46 -179.40 -46.28 15.68 15.83 77.67 173.41
146.63 161.04 156.62 103.79 117.17 117.17 134.64 32.85 1.00 10.56 11.65 43.57
113.86 122.47 97.39 123.89 159.52 164.47 152.85 26.13 2.46 2.62 7.14 15.03
Total Liabilities 561.15 595.22 486.25 334.50 192.75 170.23 152.14 56.75 63.43 73.30 140.75 280.21
135.43 127.50 120.26 92.54 89.80 82.14 74.61 46.33 43.79 41.08 25.87 48.72
CWIP 17.24 17.24 17.24 6.65 1.83 1.83 1.83 0.00 0.00 2.78 0.10 0.00
Investments 5.54 2.29 2.29 0.00 0.00 0.00 0.00 0.00 3.33 3.33 0.00 51.28
402.94 448.19 346.46 235.31 101.12 86.26 75.70 10.42 16.31 26.11 114.78 180.21
Total Assets 561.15 595.22 486.25 334.50 192.75 170.23 152.14 56.75 63.43 73.30 140.75 280.21

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
-3.14 -31.79 -22.39 -21.66 33.05 -0.01 0.03 -146.24 -58.36 -6.47 -9.74 2.46
32.10 3.04 -0.37 -0.84 -0.04 0.08 -0.07 20.25 -0.40 -3.13 15.53 -118.46
-29.76 29.45 23.07 21.63 -33.12 -0.07 0.03 126.05 58.77 9.81 -5.23 121.61
Net Cash Flow -0.80 0.70 0.31 -0.87 -0.11 0.00 -0.01 0.06 0.02 0.21 0.56 5.61

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 384.59 266.76 166.60 57.01 77.66 1,466.03 1,866.21 1,326.06 15.12 143.15 169.36 301.85
Inventory Days 913.15 546.50 183.79 240.71 133.90 7,084.12 37,663.44 971.62 51.42 7,805.38 100.92 224.90
Days Payable 340.10 192.07 147.10 81.95 147.38 8,211.79 45,107.92 323.87 7.85 290.13 42.33 91.91
Cash Conversion Cycle 957.64 621.19 203.30 215.77 64.18 338.37 -5,578.27 1,973.80 58.69 7,658.41 227.94 434.84
Working Capital Days 766.87 529.61 184.63 -24.37 -395.93 -14,470.29 -40,358.01 -7,504.27 148.63 1,306.94 310.15 357.67
ROCE % -0.08% 1.37% 9.24% -1.14% -8.91% -136.96% -935.45% -35.57% 9.30% 1.00% 12.31% 8.84%

Shareholding Pattern

Numbers in percentages

4 Recently
Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
74.63% 74.63% 74.63% 74.63% 74.63% 74.63% 74.63% 74.59% 67.51% 66.46% 66.46% 66.48%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 8.38% 4.77% 4.15% 3.80%
25.37% 25.37% 25.36% 25.37% 25.37% 25.38% 25.37% 25.41% 24.11% 28.76% 29.38% 29.72%
No. of Shareholders 61,20662,24961,42859,00557,99456,49067,40487,3351,06,9321,70,7071,80,2381,85,677

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Documents

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