MIC Electronics Ltd

₹ 38.2 -1.16%

17 Jul 4:01 p.m.

About

Incorporated in 1988, MIC Electronics Ltd is in the business of LED Products, Medical & other appliances, and Automobiles (EVs)^[1]

Key Points

Business Overview:^[1]^[2]
MICEL is an ISO certified company which
is in the design, development, and manufacturing of LED Video Displays, high-end Electronic and Telecommunication equipment, and the development of Telecom software. The company specializes in Railway Signalling Systems and LED Displays, and its products are applicable in Railways, Airports, etc.

Website BSE NSE - BE

Market Cap ₹ 921 Cr.
Current Price ₹ 38.2
High / Low ₹ 83.0 / 30.0
Stock P/E
Book Value ₹ 8.65
Dividend Yield 0.00 %
ROCE 8.52 %
ROE -6.10 %
Face Value ₹ 2.00

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Pros

Company is expected to give good quarter

Cons

Stock is trading at 4.46 times its book value
Company has a low return on equity of 10.7% over last 3 years.
Company has high debtors of 430 days.
Promoter holding has decreased over last 3 years: -23.1%

* 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

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
	3	7	7	17	23	11	11	12	28	12	12	13	51
	1	5	5	15	18	8	8	8	20	8	8	9	38
Operating Profit	2	2	2	3	5	3	4	3	8	4	4	3	13
OPM %	77%	28%	33%	15%	24%	24%	32%	29%	30%	35%	31%	28%	26%
	1	0	7	1	1	0	0	0	0	0	1	0	0
Interest	0	0	0	0	0	0	1	1	1	2	1	1	2
Depreciation	1	0	0	0	0	0	0	0	0	1	1	1	1
Profit before tax	2	1	8	3	5	2	2	2	7	2	2	1	11
Tax %	0%	0%	0%	0%	-805%	0%	0%	0%	48%	0%	0%	0%	269%
	2	1	8	3	50	2	2	2	4	2	2	1	-18
EPS in Rs	0.11	0.06	0.37	0.12	2.24	0.08	0.09	0.09	0.15	0.07	0.09	0.06	-0.76
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	150	207	218	159	5	2	1	31	6	55	62	87
	139	163	216	163	25	19	3	25	5	42	43	63
Operating Profit	11	44	2	-4	-20	-17	-2	6	1	12	18	25
OPM %	8%	21%	1%	-3%	-407%	-919%	-150%	18%	13%	23%	30%	28%
	3	-193	2	-95	0	1	3	1	2	9	1	1
Interest	7	0	29	24	0	0	0	1	1	2	5	6
Depreciation	8	8	8	8	8	8	7	3	2	2	2	4
Profit before tax	0	-157	-32	-131	-27	-24	-5	3	0	18	13	16
Tax %	-424%	-29%	9%	46%	0%	0%	0%	0%	0%	-249%	25%	181%
	2	-111	-35	-191	-27	-24	-5	3	0	62	10	-13
EPS in Rs	0.18	-6.67	-1.58	-8.69	-1.25	-1.09	-0.25	0.13	0.01	2.79	0.41	-0.54
Dividend Payout %	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%

Compounded Sales Growth
10 Years:	-8%
5 Years:	140%
3 Years:	146%
TTM:	41%

Compounded Profit Growth
10 Years:	%
5 Years:	%
3 Years:	%
TTM:	-237%

Stock Price CAGR
10 Years:	10%
5 Years:	97%
3 Years:	18%
1 Year:	-30%

Return on Equity
10 Years:	%
5 Years:	10%
3 Years:	11%
Last Year:	-6%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	24	33	44	44	44	44	44	44	44	44	48	48
Reserves	288	199	63	-128	-155	-179	-46	16	16	78	173	160
	161	157	104	117	117	135	33	1	11	12	48	44
	122	97	124	160	164	153	26	2	3	7	11	59
Total Liabilities	595	486	334	193	170	152	57	63	73	141	280	311
	128	120	93	90	82	75	46	44	41	26	47	47
CWIP	17	17	7	2	2	2	0	0	3	0	2	0
Investments	2	2	0	0	0	0	0	3	3	0	51	51
	448	346	235	101	86	76	10	16	26	115	180	213
Total Assets	595	486	334	193	170	152	57	63	73	141	280	311

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	-32	-22	-22	33	-0	0	-146	-58	-6	-13	2	4
	3	-0	-1	-0	0	-0	20	-0	-3	19	-118	-3
	29	23	22	-33	-0	0	126	59	10	-5	122	-7
Net Cash Flow	1	0	-1	-0	0	-0	0	0	0	1	6	-6
Free Cash Flow	-32	-23	-23	33	-0	0	-123	-58	-9	3	-22	2
CFO/OP	-263%	54%	-816%	-2,176%	0%	-0%	8,875%	-1,027%	-819%	-103%	13%	15%

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	267	167	57	78	1,466	1,866	1,326	15	143	169	302	430
Inventory Days	546	184	241	134	7,084	37,663	972	51	7,805	101	227	293
Days Payable	192	147	82	147	8,212	45,108	324	8	290	42	93	326
Cash Conversion Cycle	621	203	216	64	338	-5,578	1,974	59	7,658	228	436	396
Working Capital Days	289	17	-42	-430	-15,591	-43,200	-8,074	137	653	234	175	192
ROCE %	1%	9%	-1%	-9%	-137%	-935%	-36%	9%	1%	12%	9%	9%

Insights

In beta

Mar 2015

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Number of Permanent Employees
count

xxx	xxx	xxx	xxx	xxx	xx	xx	xx	xx	xx	xxx
xx.xx	xx.xx	xx.xx	xx.xx	xx.xx	xx.xx	xx.xx	xx.xx	xxx.xx	x.xx	xxx.xx
						x.xx	xxx.xx	xx.xx	xx.xx	xx.xx
							x,xxx.xx	x,xxx.xx		xxx.xx
								xx.xx	xxx.xx	xxx.xx
							x,xxx.xx	xx.xx		x,xxx.xx
									xxx.xx	xxx.xx
									x,xxx.xx	x,xxx.xx

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R&D / Development Expenditure
Rs. in Lakhs

AMC & Service Charges
Rs. in Lakhs

Automobiles / Electric Vehicles Segment Revenue
Rs. in Lakhs

Jobworks Revenue
Rs. in Lakhs

Medical & Other Appliances Segment Revenue
Rs. in Lakhs

Installation Income
Rs. in Lakhs

Passenger Information System (PIS) Display Revenue
Rs. in Lakhs

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

5 Recently

	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	74.63%	74.63%	74.59%	67.51%	66.46%	66.46%	66.48%	62.06%	58.01%	55.52%	51.70%	51.58%
	0.00%	0.00%	0.00%	8.38%	4.77%	4.15%	3.80%	3.13%	0.16%	0.16%	1.83%	5.58%
	25.38%	25.37%	25.41%	24.11%	28.76%	29.38%	29.72%	34.81%	41.82%	44.32%	46.46%	42.84%
No. of Shareholders	56,490	67,404	87,335	1,06,932	1,70,707	1,80,238	1,85,677	1,89,600	2,40,201	2,33,068	2,25,366	2,19,167

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	Jun 2026
	16.00%	16.00%	7.78%	7.61%	7.61%	74.63%	74.63%	74.59%	66.48%	51.70%	51.58%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	3.80%	1.83%	5.58%
	0.15%	0.18%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
	83.85%	83.82%	92.22%	92.39%	92.39%	25.37%	25.37%	25.41%	29.72%	46.46%	42.84%
No. of Shareholders	50,786	51,997	52,319	50,457	49,977	57,941	59,005	87,335	1,85,677	2,25,366	2,19,167

* 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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MIC Electronics Ltd

MIC Electronics Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Insights

Shareholding Pattern

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