MIC Electronics Ltd

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

MIC Electronics Ltd

₹ 43.2 -3.01%
30 Apr - close price
mic.co.in BSE: 532850 NSE: MICEL
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
  • Market Cap ₹ 1,040 Cr.
  • Current Price ₹ 43.2
  • 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 4.99 times its book value
  • Promoter holding has decreased over last quarter: -3.82%
  • Company has a low return on equity of 10.7% over last 3 years.
  • Company has high debtors of 430 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

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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: 9%
5 Years: 119%
3 Years: 41%
1 Year: -24%
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 2014 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
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Revenue from LED Products (Standalone)
INR Lakhs
Revenue from Automobiles (EV)
INR Lakhs
Revenue from Medical Appliances
INR Lakhs
Trade Receivables Turnover
Ratio
Number of Oxygen Concentrators Supplied (PM-Cares)
Units

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

2 Recently
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
74.63% 74.63% 74.63% 74.59% 67.51% 66.46% 66.46% 66.48% 62.06% 58.01% 55.52% 51.70%
0.00% 0.00% 0.00% 0.00% 8.38% 4.77% 4.15% 3.80% 3.13% 0.16% 0.16% 1.83%
25.37% 25.38% 25.37% 25.41% 24.11% 28.76% 29.38% 29.72% 34.81% 41.82% 44.32% 46.46%
No. of Shareholders 57,99456,49067,40487,3351,06,9321,70,7071,80,2381,85,6771,89,6002,40,2012,33,0682,25,366

* 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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