MIC Electronics Ltd

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

MIC Electronics Ltd

₹ 90.7 -1.95%
11 Dec 1:34 p.m.
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 ₹ 2,186 Cr.
  • Current Price ₹ 90.7
  • High / Low ₹ 115 / 32.0
  • Stock P/E 38.8
  • Book Value ₹ 8.96
  • Dividend Yield 0.00 %
  • ROCE 12.3 %
  • ROE 60.3 %
  • Face Value ₹ 2.00
Edit ratios

Pros

  • Company has delivered good profit growth of 32.1% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 32.1%

Cons

  • Stock is trading at 10.1 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Promoter holding has decreased over last quarter: -1.05%
  • Company has high debtors of 169 days.

* 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

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
3.40 26.97 0.51 1.19 0.50 1.24 2.96 7.02 7.10 17.49 22.96 10.71 11.20
3.67 19.21 1.78 1.61 0.78 2.04 0.67 5.07 4.76 14.90 17.55 8.12 7.56
Operating Profit -0.27 7.76 -1.27 -0.42 -0.28 -0.80 2.29 1.95 2.34 2.59 5.41 2.59 3.64
OPM % -7.94% 28.77% -249.02% -35.29% -56.00% -64.52% 77.36% 27.78% 32.96% 14.81% 23.56% 24.18% 32.50%
0.05 0.30 0.83 0.24 0.36 0.54 0.77 0.17 6.76 0.82 0.86 0.22 0.21
Interest 0.18 0.27 0.03 0.10 0.10 0.19 0.11 0.42 0.44 0.35 0.42 0.46 1.35
Depreciation 0.65 0.65 0.66 0.51 0.51 0.51 0.52 0.46 0.35 0.35 0.37 0.39 0.39
Profit before tax -1.05 7.14 -1.13 -0.79 -0.53 -0.96 2.43 1.24 8.31 2.71 5.48 1.96 2.11
Tax % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% -804.93% 0.00% 0.00%
-1.05 7.14 -1.13 -0.79 -0.53 -0.96 2.43 1.24 8.30 2.71 49.59 1.97 2.11
EPS in Rs -0.19 1.30 -0.05 -0.04 -0.02 -0.04 0.11 0.06 0.37 0.12 2.24 0.08 0.09
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Jun 2013 9m Mar 2014 9m Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
68 84 150 207 218 159 5 2 1 31 6 55 62
63 81 139 163 216 163 25 19 3 25 5 42 48
Operating Profit 6 3 11 44 2 -4 -20 -17 -2 6 1 12 14
OPM % 8% 3% 8% 21% 1% -3% -407% -919% -150% 18% 13% 23% 23%
4 -52 3 -193 2 -95 0 1 3 1 2 9 2
Interest 12 9 7 0 29 24 0 0 0 1 1 2 3
Depreciation 4 4 8 8 8 8 8 8 7 3 2 2 2
Profit before tax -7 -63 0 -157 -32 -131 -27 -24 -5 3 0 18 12
Tax % 99% -29% -424% -29% 9% 46% 0% 0% 0% 0% 0% -249%
-15 -44 2 -111 -35 -191 -27 -24 -5 3 0 62 56
EPS in Rs -1.45 -4.34 0.18 -6.67 -1.58 -8.69 -1.25 -1.09 -0.25 0.13 0.01 2.79 2.53
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: -4%
5 Years: 62%
3 Years: 269%
TTM: 240%
Compounded Profit Growth
10 Years: 19%
5 Years: 32%
3 Years: 130%
TTM: 1184%
Stock Price CAGR
10 Years: 27%
5 Years: 162%
3 Years: %
1 Year: 152%
Return on Equity
10 Years: %
5 Years: %
3 Years: 32%
Last Year: 60%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Jun 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 20 20 24 33 44 44 44 44 44 44 44 44 48
Reserves 325 280 288 199 63 -128 -155 -179 -46 16 16 78 168
143 147 161 157 104 117 117 135 33 1 11 12 43
118 114 122 97 124 160 164 153 26 2 3 7 9
Total Liabilities 606 561 595 486 334 193 170 152 57 63 73 141 268
140 135 128 120 93 90 82 75 46 44 41 26 28
CWIP 49 17 17 17 7 2 2 2 0 0 3 0 0
Investments 6 6 2 2 0 0 0 0 0 3 3 0 51
411 403 448 346 235 101 86 76 10 16 26 115 189
Total Assets 606 561 595 486 334 193 170 152 57 63 73 141 268

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Jun 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
1 -3 -32 -22 -22 33 -0 0 -146 -58 -6 -10
-1 32 3 -0 -1 -0 0 -0 20 -0 -3 16
-2 -30 29 23 22 -33 -0 0 126 59 10 -5
Net Cash Flow -1 -1 1 0 -1 -0 0 -0 0 0 0 1

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Jun 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 599 385 267 167 57 78 1,466 1,866 1,326 15 143 169
Inventory Days 1,315 913 546 184 241 134 7,084 37,663 972 51 7,805 101
Days Payable 524 340 192 147 82 147 8,212 45,108 324 8 290 42
Cash Conversion Cycle 1,389 958 621 203 216 64 338 -5,578 1,974 59 7,658 228
Working Capital Days 1,199 767 530 185 -24 -396 -14,470 -40,358 -7,504 149 1,307 310
ROCE % -0% 1% 9% -1% -9% -137% -935% -36% 9% 1% 12%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
0.00% 74.63% 74.63% 74.63% 74.63% 74.63% 74.63% 74.63% 74.63% 74.59% 67.51% 66.46%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 8.38% 4.77%
100.00% 25.37% 25.37% 25.37% 25.36% 25.37% 25.37% 25.38% 25.37% 25.41% 24.11% 28.76%
No. of Shareholders 47,50957,94161,20662,24961,42859,00557,99456,49067,40487,3351,06,9321,70,707

* 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.

Click on the line-items to see the names of individual entities.

Documents

Announcements

Annual reports