MIC Electronics Ltd
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.
- Market Cap ₹ 1,407 Cr.
- Current Price ₹ 58.4
- High / Low ₹ 115 / 43.9
- Stock P/E 144
- Book Value ₹ 9.19
- Dividend Yield 0.00 %
- ROCE 8.84 %
- ROE 5.70 %
- Face Value ₹ 2.00
Pros
- Company has delivered good profit growth of 19.2% CAGR over last 5 years
Cons
- Stock is trading at 6.35 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
Sector: Consumer Durables Industry: Electronics - Components
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
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: | 17% |
5 Years: | 146% |
3 Years: | 53% |
1 Year: | 8% |
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% |
Documents
Announcements
- Results 1d
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Board Meeting Outcome for Out Outcome Of The Board Meeting Held Today
1d - MIC Electronics reports audited FY25 standalone and consolidated results with unmodified audit opinion.
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Board Meeting Intimation for Board Meeting Intimation Consideration For Audited (Standalone & Consolidated) Financial Results For The Year Ended On March 31, 2025
15 May - Board meeting on May 22 to approve audited financial results for FY ended March 31, 2025.
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Compliances-Reg.24(A)-Annual Secretarial Compliance
7 May - Annual Secretarial Compliance Report confirms full SEBI compliance, no violations or fines for FY 2024-25.
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Announcement Under Regulation 30 Of SEBI (LODR) Regulations, 2015.
28 Apr - MIC Electronics awarded ISO 45001:2018 and ISO 14001:2015 certifications for environmental management.
Annual reports
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Financial Year 2024
from bse
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Financial Year 2023
from bse
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Financial Year 2022
from bse
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Financial Year 2021
from bse
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Financial Year 2020
from bse
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Financial Year 2019
from bse
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Financial Year 2018
from bse
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Financial Year 2017
from bse
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Financial Year 2016
from bse
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Financial Year 2015
from bse
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Financial Year 2014
from bse
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Financial Year 2013
from nse
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Financial Year 2013
from bse
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Financial Year 2012
from bse
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Financial Year 2012
from nse
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]