MIC Electronics Ltd

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

MIC Electronics Ltd

₹ 42.1 4.99%
09 Feb - 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 ₹ 1,014 Cr.
  • Current Price ₹ 42.1
  • High / Low ₹ 83.0 / 33.1
  • Stock P/E 109
  • Book Value ₹ 9.48
  • Dividend Yield 0.00 %
  • ROCE 8.71 %
  • ROE 5.57 %
  • Face Value ₹ 2.00
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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 4.44 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Promoter holding has decreased over last quarter: -2.49%
  • 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

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
7.40 11.01 8.26 10.31 17.49 22.96 10.71 27.46 11.75 44.85 11.61 37.89 90.23
7.07 8.60 6.16 7.32 14.90 17.55 8.12 23.82 8.30 36.49 7.50 34.08 86.26
Operating Profit 0.33 2.41 2.10 2.99 2.59 5.41 2.59 3.64 3.45 8.36 4.11 3.81 3.97
OPM % 4.46% 21.89% 25.42% 29.00% 14.81% 23.56% 24.18% 13.26% 29.36% 18.64% 35.40% 10.06% 4.40%
-0.28 0.72 0.22 6.78 0.82 0.86 0.22 0.23 0.49 0.31 0.14 0.53 0.15
Interest 0.30 0.16 0.54 0.48 0.35 0.42 0.46 1.35 1.38 1.42 1.67 1.26 1.30
Depreciation 0.67 0.54 0.55 0.38 0.35 0.37 0.39 0.39 0.39 0.44 0.91 0.91 0.94
Profit before tax -0.92 2.43 1.23 8.91 2.71 5.48 1.96 2.13 2.17 6.81 1.67 2.17 1.88
Tax % 0.00% 0.00% -0.81% 1.23% 0.00% -804.93% 0.00% 0.00% 0.00% 47.58% 0.00% 0.00% 0.00%
-0.92 2.43 1.24 8.80 2.71 49.59 1.97 2.13 2.17 3.57 1.67 2.17 1.88
EPS in Rs -0.04 0.11 0.06 0.39 0.12 2.24 0.08 0.09 0.09 0.15 0.07 0.09 0.08
Raw PDF

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
92 150 207 218 159 5 2 1 45 23 55 95 185
88 140 163 216 163 25 19 3 38 21 42 76 164
Operating Profit 4 11 44 2 -4 -20 -17 -2 7 2 12 18 20
OPM % 4% 7% 21% 1% -3% -407% -919% -150% 15% 7% 23% 19% 11%
-53 4 -193 2 -95 0 1 3 1 2 9 1 1
Interest 9 7 0 29 24 0 0 0 2 1 2 5 6
Depreciation 5 8 8 8 8 8 8 7 3 2 2 2 3
Profit before tax -63 0 -157 -32 -132 -27 -24 -5 3 0 18 13 13
Tax % -29% -8,900% -29% 9% 46% 0% 0% 0% 0% 0% -249% 25%
-45 2 -111 -35 -191 -27 -24 -5 3 0 62 10 9
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 0.39
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: -5%
5 Years: 119%
3 Years: 28%
TTM: 153%
Compounded Profit Growth
10 Years: 30%
5 Years: 19%
3 Years: 47%
TTM: -83%
Stock Price CAGR
10 Years: 8%
5 Years: 116%
3 Years: 50%
1 Year: -42%
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 Sep 2025
Equity Capital 20 24 33 44 44 44 44 44 44 44 44 48 48
Reserves 279 286 198 69 -121 -148 -172 -39 18 19 78 174 180
158 161 157 104 117 117 135 33 8 17 12 48 46
118 122 98 125 160 165 154 27 4 8 7 43 76
Total Liabilities 576 593 486 342 200 178 161 65 75 87 141 314 350
145 128 120 93 90 82 75 46 47 43 26 47 48
CWIP 17 17 17 7 2 2 2 0 5 10 0 2 0
Investments 8 6 7 7 7 7 8 8 0 0 0 0 0
405 442 341 236 102 87 76 11 23 34 115 265 302
Total Assets 576 593 486 342 200 178 161 65 75 87 141 314 350

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
-1 -32 -22 -22 33 0 1 -146 -58 -5 -13 -49
32 11 0 -1 -0 -0 -1 20 -9 -5 19 -67
-32 21 0 22 -33 -0 0 126 66 10 -5 122
Net Cash Flow -0 0 -22 -1 -0 0 -0 0 0 0 1 6

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 359 262 167 57 78 1,466 1,866 1,326 11 45 169 324
Inventory Days 877 546 184 241 134 7,084 30,641 972 96 383 101 100
Days Payable 333 190 149 84 150 8,344 37,323 817 6 14 42 245
Cash Conversion Cycle 903 618 201 214 62 206 -4,815 1,480 101 414 228 180
Working Capital Days 307 287 16 -42 -431 -15,613 -43,260 -8,167 108 161 234 314
ROCE % 1% 9% -1% -8% -102% -242% -24% 9% 1% 12% 9%

Shareholding Pattern

Numbers in percentages

Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
74.63% 74.63% 74.63% 74.63% 74.59% 67.51% 66.46% 66.46% 66.48% 62.06% 58.01% 55.52%
0.00% 0.00% 0.00% 0.00% 0.00% 8.38% 4.77% 4.15% 3.80% 3.13% 0.16% 0.16%
25.37% 25.37% 25.38% 25.37% 25.41% 24.11% 28.76% 29.38% 29.72% 34.81% 41.82% 44.32%
No. of Shareholders 59,00557,99456,49067,40487,3351,06,9321,70,7071,80,2381,85,6771,89,6002,40,2012,33,068

* 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.

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