MIC Electronics Ltd
₹ 28.5
4.97%
04 Oct
- close price
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
- Market Cap ₹ 629 Cr.
- Current Price ₹ 28.5
- High / Low ₹ 31.7 / 10.8
- Stock P/E 289
- Book Value ₹ 0.08
- Dividend Yield 0.00 %
- ROCE 8.88 %
- ROE 9.06 %
- Face Value ₹ 2.00
Pros
- Company is expected to give good quarter
- Debtor days have improved from 495 to 143 days.
Cons
- Stock is trading at 365 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Earnings include an other income of Rs.1.84 Cr.
- Working capital days have increased from -2,016 days to 1,307 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
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Sep 2012 | Jun 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 125.74 | 68.14 | 83.85 | 150.43 | 206.75 | 217.93 | 158.62 | 4.84 | 1.86 | 1.09 | 31.14 | 5.89 | 11.72 | |
| 96.26 | 62.56 | 81.14 | 138.94 | 162.82 | 215.63 | 162.89 | 24.54 | 18.95 | 2.73 | 25.46 | 5.10 | 8.57 | |
| Operating Profit | 29.48 | 5.58 | 2.71 | 11.49 | 43.93 | 2.30 | -4.27 | -19.70 | -17.09 | -1.64 | 5.68 | 0.79 | 3.15 |
| OPM % | 23.45% | 8.19% | 3.23% | 7.64% | 21.25% | 1.06% | -2.69% | -407.02% | -918.82% | -150.46% | 18.24% | 13.41% | 26.88% |
| -61.13 | 3.54 | -52.50 | 3.11 | -192.81 | 2.15 | -95.02 | 0.38 | 1.00 | 3.14 | 1.19 | 1.91 | 1.84 | |
| Interest | 25.44 | 12.12 | 8.64 | 6.51 | 0.47 | 28.52 | 24.42 | 0.49 | 0.32 | 0.09 | 1.45 | 0.51 | 0.82 |
| Depreciation | 7.64 | 4.48 | 4.45 | 7.67 | 7.51 | 7.81 | 7.75 | 7.66 | 7.53 | 6.82 | 2.61 | 2.04 | 1.99 |
| Profit before tax | -64.73 | -7.48 | -62.88 | 0.42 | -156.86 | -31.88 | -131.46 | -27.47 | -23.94 | -5.41 | 2.81 | 0.15 | 2.18 |
| Tax % | 2.46% | -98.80% | 29.28% | -423.81% | 29.31% | -9.10% | -45.53% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | |
| -63.13 | -14.87 | -44.47 | 2.20 | -110.89 | -34.78 | -191.32 | -27.48 | -23.94 | -5.41 | 2.81 | 0.15 | 2.18 | |
| EPS in Rs | -6.16 | -1.45 | -4.34 | 0.18 | -6.67 | -1.58 | -8.69 | -1.25 | -1.09 | -0.25 | 0.13 | 0.01 | 0.11 |
| 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: | -26% |
| 5 Years: | -48% |
| 3 Years: | 47% |
| TTM: | -63% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | -31% |
| 5 Years: | 15% |
| 3 Years: | 26% |
| TTM: | -48% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 29% |
| 5 Years: | 75% |
| 3 Years: | 262% |
| 1 Year: | 126% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| Last Year: | 9% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Sep 2012 | Jun 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 20.50 | 20.50 | 20.50 | 23.78 | 33.23 | 44.05 | 44.05 | 44.05 | 44.05 | 44.05 | 44.29 | 44.29 | |
| Reserves | 339.50 | 324.63 | 280.16 | 283.58 | 177.41 | 25.01 | -186.38 | -213.85 | -237.79 | -104.67 | -42.71 | -42.56 |
| 136.12 | 142.55 | 146.63 | 161.04 | 156.62 | 103.79 | 117.17 | 117.17 | 134.64 | 32.85 | 1.00 | 10.56 | |
| 163.87 | 118.28 | 113.86 | 126.82 | 118.99 | 161.65 | 217.91 | 222.86 | 211.24 | 84.52 | 60.85 | 61.01 | |
| Total Liabilities | 659.99 | 605.96 | 561.15 | 595.22 | 486.25 | 334.50 | 192.75 | 170.23 | 152.14 | 56.75 | 63.43 | 73.30 |
| 144.75 | 140.39 | 135.43 | 127.50 | 120.26 | 92.54 | 89.80 | 82.14 | 74.61 | 46.33 | 43.79 | 41.08 | |
| CWIP | 49.12 | 49.12 | 17.24 | 17.24 | 17.24 | 6.65 | 1.83 | 1.83 | 1.83 | 0.00 | 0.00 | 2.78 |
| Investments | 5.54 | 5.54 | 5.54 | 2.29 | 2.29 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 3.33 | 3.33 |
| 460.58 | 410.91 | 402.94 | 448.19 | 346.46 | 235.31 | 101.12 | 86.26 | 75.70 | 10.42 | 16.31 | 26.11 | |
| Total Assets | 659.99 | 605.96 | 561.15 | 595.22 | 486.25 | 334.50 | 192.75 | 170.23 | 152.14 | 56.75 | 63.43 | 73.30 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Sep 2012 | Jun 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| -22.70 | 1.34 | -3.14 | -31.79 | -22.39 | -21.66 | 33.05 | -0.01 | 0.03 | -146.24 | -58.36 | -6.47 | |
| 0.25 | -0.68 | 32.10 | 3.04 | -0.37 | -0.84 | -0.04 | 0.08 | -0.07 | 20.25 | -0.40 | -3.13 | |
| 21.09 | -1.88 | -29.76 | 29.45 | 23.07 | 21.63 | -33.12 | -0.07 | 0.03 | 126.05 | 58.77 | 9.81 | |
| Net Cash Flow | -1.36 | -1.22 | -0.80 | 0.70 | 0.31 | -0.87 | -0.11 | 0.00 | -0.01 | 0.06 | 0.02 | 0.21 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Sep 2012 | Jun 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 334.14 | 598.82 | 384.59 | 266.76 | 166.60 | 57.01 | 77.66 | 1,466.03 | 1,866.21 | 1,326.06 | 15.12 | 143.15 |
| Inventory Days | 1,156.19 | 1,314.98 | 913.15 | 546.50 | 183.79 | 240.71 | 133.90 | 7,084.12 | 37,663.44 | 971.62 | 51.42 | 7,805.38 |
| Days Payable | 351.91 | 524.40 | 340.10 | 192.07 | 147.10 | 81.95 | 147.38 | 8,211.79 | 45,107.92 | 323.87 | 7.85 | 290.13 |
| Cash Conversion Cycle | 1,138.42 | 1,389.40 | 957.64 | 621.19 | 203.30 | 215.77 | 64.18 | 338.37 | -5,578.27 | 1,973.80 | 58.69 | 7,658.41 |
| Working Capital Days | 817.17 | 1,198.70 | 766.87 | 529.61 | 184.63 | -24.37 | -395.93 | -14,470.29 | -40,358.01 | -7,504.27 | 148.63 | 1,306.94 |
| ROCE % | 5.90% | -0.08% | 1.38% | 9.53% | -1.27% | -14.71% | 8.88% |
Documents
Announcements
- Closure of Trading Window 29 Sep
-
Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
29 Sep - The Company has received a Letter of Acceptance from Vijayawada Division.
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
11 Sep - News paper publication of Postal Ballot notice
- Shareholder Meeting / Postal Ballot-Notice of Postal Ballot 9 Sep
- Board Meeting Outcome for Outcome Of The Board Meeting Held Today 6 Sep
Annual reports
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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
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Financial Year 2011
from bse
History[1]
The company was ranked 5th in the world at one point in time in the area of true color
display. SHARP (Japan) selected MIC for the OEM purchase of Solar Powered Lanterns for its CSR activity. It became the first and only company (for a long time) to obtain RDSO approval for True Colour PIS displays and for railway coach lighting products.