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 ₹ 875 Cr.
- Current Price ₹ 39.5
- High / Low ₹ 53.8 / 11.6
- Stock P/E 109
- Book Value ₹ 3.15
- Dividend Yield 0.00 %
- ROCE 8.88 %
- ROE 9.06 %
- Face Value ₹ 2.00
Pros
- Debtor days have improved from 495 to 143 days.
Cons
- Stock is trading at 12.6 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Earnings include an other income of Rs.8.52 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
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
126 | 68 | 84 | 150 | 207 | 218 | 159 | 5 | 2 | 1 | 31 | 6 | 35 | |
96 | 63 | 81 | 139 | 163 | 216 | 163 | 25 | 19 | 3 | 25 | 5 | 25 | |
Operating Profit | 29 | 6 | 3 | 11 | 44 | 2 | -4 | -20 | -17 | -2 | 6 | 1 | 9 |
OPM % | 23% | 8% | 3% | 8% | 21% | 1% | -3% | -407% | -919% | -150% | 18% | 13% | 27% |
-61 | 4 | -52 | 3 | -193 | 2 | -95 | 0 | 1 | 3 | 1 | 2 | 9 | |
Interest | 25 | 12 | 9 | 7 | 0 | 29 | 24 | 0 | 0 | 0 | 1 | 1 | 1 |
Depreciation | 8 | 4 | 4 | 8 | 8 | 8 | 8 | 8 | 8 | 7 | 3 | 2 | 2 |
Profit before tax | -65 | -7 | -63 | 0 | -157 | -32 | -131 | -27 | -24 | -5 | 3 | 0 | 15 |
Tax % | 2% | -99% | 29% | -424% | 29% | -9% | -46% | 0% | 0% | 0% | 0% | 0% | |
-63 | -15 | -44 | 2 | -111 | -35 | -191 | -27 | -24 | -5 | 3 | 0 | 15 | |
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 | 0.66 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | -26% |
5 Years: | -48% |
3 Years: | 47% |
TTM: | 905% |
Compounded Profit Growth | |
---|---|
10 Years: | -31% |
5 Years: | 15% |
3 Years: | 26% |
TTM: | 336% |
Stock Price CAGR | |
---|---|
10 Years: | 30% |
5 Years: | 109% |
3 Years: | 284% |
1 Year: | 229% |
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 | Sep 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 20 | 20 | 20 | 24 | 33 | 44 | 44 | 44 | 44 | 44 | 44 | 44 | 44 |
Reserves | 340 | 325 | 280 | 284 | 177 | 25 | -186 | -214 | -238 | -105 | -43 | -43 | 25 |
136 | 143 | 147 | 161 | 157 | 104 | 117 | 117 | 135 | 33 | 1 | 11 | 7 | |
164 | 118 | 114 | 127 | 119 | 162 | 218 | 223 | 211 | 85 | 61 | 61 | 6 | |
Total Liabilities | 660 | 606 | 561 | 595 | 486 | 334 | 193 | 170 | 152 | 57 | 63 | 73 | 82 |
145 | 140 | 135 | 128 | 120 | 93 | 90 | 82 | 75 | 46 | 44 | 41 | 26 | |
CWIP | 49 | 49 | 17 | 17 | 17 | 7 | 2 | 2 | 2 | 0 | 0 | 3 | 0 |
Investments | 6 | 6 | 6 | 2 | 2 | 0 | 0 | 0 | 0 | 0 | 3 | 3 | 3 |
461 | 411 | 403 | 448 | 346 | 235 | 101 | 86 | 76 | 10 | 16 | 26 | 53 | |
Total Assets | 660 | 606 | 561 | 595 | 486 | 334 | 193 | 170 | 152 | 57 | 63 | 73 | 82 |
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 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
-23 | 1 | -3 | -32 | -22 | -22 | 33 | -0 | 0 | -146 | -58 | -6 | |
0 | -1 | 32 | 3 | -0 | -1 | -0 | 0 | -0 | 20 | -0 | -3 | |
21 | -2 | -30 | 29 | 23 | 22 | -33 | -0 | 0 | 126 | 59 | 10 | |
Net Cash Flow | -1 | -1 | -1 | 1 | 0 | -1 | -0 | 0 | -0 | 0 | 0 | 0 |
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 | 599 | 385 | 267 | 167 | 57 | 78 | 1,466 | 1,866 | 1,326 | 15 | 143 |
Inventory Days | 1,156 | 1,315 | 913 | 546 | 184 | 241 | 134 | 7,084 | 37,663 | 972 | 51 | 7,805 |
Days Payable | 352 | 524 | 340 | 192 | 147 | 82 | 147 | 8,212 | 45,108 | 324 | 8 | 290 |
Cash Conversion Cycle | 1,138 | 1,389 | 958 | 621 | 203 | 216 | 64 | 338 | -5,578 | 1,974 | 59 | 7,658 |
Working Capital Days | 817 | 1,199 | 767 | 530 | 185 | -24 | -396 | -14,470 | -40,358 | -7,504 | 149 | 1,307 |
ROCE % | 6% | -0% | 1% | 10% | -1% | -15% | 9% |
Documents
Announcements
- Closure of Trading Window 2h
-
Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
6 Mar - Company has received Letter of Acceptance from the Mysuru division of the South East Railway Zone.
-
Disclosure Under Regulation 30 Of The SEBI (LODR) Regulations, 2015.
15 Feb - The company has developed an EV battery charger for e-cycles and two-wheelers.
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
7 Feb - Newspaper Publication of Unaudited Financial Results (Standalone) of the Company for the Quarter and Nine Months ended December 31, 2023.
- Shareholder Meeting / Postal Ballot-Scrutinizer"s Report 7 Feb
Annual reports
-
Financial Year 2023
from bse
-
Financial Year 2022
from bse
-
Financial Year 2021
from bse
-
Financial Year 2020
from bse
-
Financial Year 2019
from bse
-
Financial Year 2018
from bse
-
Financial Year 2017
from bse
-
Financial Year 2016
from bse
-
Financial Year 2015
from bse
-
Financial Year 2014
from bse
-
Financial Year 2013
from nse
-
Financial Year 2013
from bse
-
Financial Year 2012
from bse
-
Financial Year 2012
from nse
-
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.