MIC Electronics Ltd
Incorporated in 1988, MIC Electronics Ltd is in the business of LED Products, Medical & other appliances, and Automobiles (EVs)[1]
- Market Cap ₹ 1,439 Cr.
- Current Price ₹ 59.8
- High / Low ₹ 104 / 44.2
- Stock P/E 151
- Book Value ₹ 9.24
- Dividend Yield 0.00 %
- ROCE 8.71 %
- ROE 5.57 %
- Face Value ₹ 2.00
Pros
- Company is expected to give good quarter
- Company has delivered good profit growth of 19.1% CAGR over last 5 years
Cons
- Stock is trading at 6.47 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Promoter holding has decreased over last quarter: -4.42%
- Company has high debtors of 324 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
Industrials Capital Goods Industrial Products Other Industrial Products
Part of BSE SmallCap BSE Allcap BSE Industrials
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2014 9m | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
91.83 | 150.45 | 206.75 | 217.93 | 158.62 | 4.84 | 1.86 | 1.09 | 44.95 | 22.91 | 54.57 | 94.76 | 95.67 | |
88.19 | 139.69 | 162.87 | 215.75 | 162.94 | 24.56 | 18.95 | 2.73 | 38.27 | 21.41 | 42.09 | 76.50 | 76.11 | |
Operating Profit | 3.64 | 10.76 | 43.88 | 2.18 | -4.32 | -19.72 | -17.09 | -1.64 | 6.68 | 1.50 | 12.48 | 18.26 | 19.56 |
OPM % | 3.96% | 7.15% | 21.22% | 1.00% | -2.72% | -407.44% | -918.82% | -150.46% | 14.86% | 6.55% | 22.87% | 19.27% | 20.45% |
-53.16 | 3.60 | -192.76 | 2.15 | -95.02 | 0.38 | 1.00 | 3.14 | 1.31 | 1.94 | 8.61 | 1.24 | 1.17 | |
Interest | 9.28 | 6.51 | 0.47 | 28.52 | 24.42 | 0.49 | 0.33 | 0.09 | 2.05 | 0.80 | 1.82 | 4.83 | 5.82 |
Depreciation | 4.60 | 7.83 | 7.51 | 7.81 | 7.75 | 7.66 | 7.53 | 6.82 | 2.91 | 2.37 | 1.54 | 1.61 | 2.13 |
Profit before tax | -63.40 | 0.02 | -156.86 | -32.00 | -131.51 | -27.49 | -23.95 | -5.41 | 3.03 | 0.27 | 17.73 | 13.06 | 12.78 |
Tax % | -28.91% | -8,900.00% | -29.31% | 9.06% | 45.51% | 0.00% | 0.00% | 0.00% | 0.33% | 0.00% | -248.79% | 24.81% | |
-45.06 | 1.80 | -110.89 | -34.90 | -191.36 | -27.49 | -23.95 | -5.42 | 3.01 | 0.26 | 61.84 | 9.83 | 9.54 | |
EPS in Rs | -4.40 | 0.15 | -6.67 | -1.58 | -8.69 | -1.25 | -1.09 | -0.25 | 0.14 | 0.01 | 2.79 | 0.41 | 0.40 |
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: | -5% |
5 Years: | 119% |
3 Years: | 28% |
TTM: | 56% |
Compounded Profit Growth | |
---|---|
10 Years: | 30% |
5 Years: | 19% |
3 Years: | 47% |
TTM: | -83% |
Stock Price CAGR | |
---|---|
10 Years: | 12% |
5 Years: | 151% |
3 Years: | 68% |
1 Year: | -39% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | 20% |
Last Year: | 6% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 20.50 | 23.78 | 33.23 | 44.05 | 44.05 | 44.05 | 44.05 | 44.05 | 44.29 | 44.29 | 44.29 | 48.20 |
Reserves | 279.06 | 286.12 | 197.51 | 69.34 | -121.40 | -148.48 | -171.94 | -39.04 | 18.49 | 18.73 | 77.67 | 174.39 |
158.39 | 161.04 | 156.62 | 103.62 | 117.17 | 117.17 | 134.64 | 32.85 | 7.88 | 16.56 | 11.65 | 47.91 | |
117.56 | 121.93 | 98.18 | 124.99 | 160.39 | 165.40 | 153.86 | 27.09 | 4.42 | 7.82 | 7.14 | 43.49 | |
Total Liabilities | 575.51 | 592.87 | 485.54 | 342.00 | 200.21 | 178.14 | 160.61 | 64.95 | 75.08 | 87.40 | 140.75 | 313.99 |
144.98 | 127.50 | 120.26 | 92.54 | 89.80 | 82.14 | 74.61 | 46.33 | 47.07 | 43.42 | 25.87 | 46.85 | |
CWIP | 17.24 | 17.24 | 17.24 | 6.65 | 1.83 | 1.83 | 1.83 | 0.00 | 4.62 | 9.85 | 0.10 | 1.87 |
Investments | 8.11 | 6.43 | 6.79 | 6.67 | 6.70 | 7.12 | 7.75 | 7.52 | 0.00 | 0.00 | 0.00 | 0.00 |
405.18 | 441.70 | 341.25 | 236.14 | 101.88 | 87.05 | 76.42 | 11.10 | 23.39 | 34.13 | 114.78 | 265.27 | |
Total Assets | 575.51 | 592.87 | 485.54 | 342.00 | 200.21 | 178.14 | 160.61 | 64.95 | 75.08 | 87.40 | 140.75 | 313.99 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
-0.62 | -31.69 | -22.04 | -21.79 | 32.90 | 0.42 | 0.66 | -146.47 | -57.58 | -4.61 | -12.87 | -48.67 | |
32.07 | 10.85 | 0.00 | -0.72 | -0.06 | -0.34 | -0.70 | 20.47 | -8.61 | -4.97 | 18.65 | -67.19 | |
-31.63 | 20.85 | 0.00 | 21.63 | -32.95 | -0.07 | 0.03 | 126.05 | 66.23 | 9.81 | -5.23 | 121.61 | |
Net Cash Flow | -0.18 | 0.01 | -22.04 | -0.88 | -0.12 | 0.00 | -0.01 | 0.05 | 0.04 | 0.23 | 0.56 | 5.75 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 358.56 | 261.92 | 166.60 | 57.01 | 77.66 | 1,466.03 | 1,866.21 | 1,326.06 | 10.96 | 44.93 | 169.36 | 323.98 |
Inventory Days | 876.88 | 546.46 | 183.78 | 240.70 | 133.90 | 7,084.12 | 30,641.44 | 971.62 | 95.88 | 382.73 | 100.92 | 100.30 |
Days Payable | 332.77 | 190.46 | 149.00 | 84.15 | 149.71 | 8,343.87 | 37,322.80 | 817.39 | 6.21 | 14.09 | 42.33 | 244.76 |
Cash Conversion Cycle | 902.67 | 617.92 | 201.39 | 213.56 | 61.85 | 206.29 | -4,815.15 | 1,480.28 | 100.63 | 413.57 | 227.94 | 179.52 |
Working Capital Days | 306.73 | 287.22 | 15.96 | -42.11 | -430.72 | -15,612.80 | -43,260.35 | -8,167.29 | 107.51 | 161.39 | 233.57 | 314.39 |
ROCE % | 1.16% | 9.28% | -1.17% | -8.50% | -101.67% | -242.38% | -23.85% | 9.28% | 1.41% | 11.74% | 8.71% |
Documents
Announcements
- Shareholder Meeting / Postal Ballot-Scrutinizer''s Report 29 Sep
- Shareholder Meeting / Postal Ballot-Outcome of AGM 29 Sep
- Closure of Trading Window 25 Sep
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Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011
24 Sep - RRK Enterprise sold 50,50,939 MIC Electronics shares (2.09%) between Aug 13–Sep 24, 2025; holding now 52.17%.
-
Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
15 Sep - LOAs for Rs.1,19,73,573.30 and Rs.56,47,291.20; aggregate Rs.1,76,20,864.50.
Annual reports
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Financial Year 2025
from bse
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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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
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.