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 ₹ 1,320 Cr.
- Current Price ₹ 55.0
- High / Low ₹ 97.2 / 44.2
- Stock P/E 138
- Book Value ₹ 9.48
- 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 5.80 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Promoter holding has decreased over last quarter: -4.05%
- 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 92 | 150 | 207 | 218 | 159 | 5 | 2 | 1 | 45 | 23 | 55 | 95 | 106 | |
| 88 | 140 | 163 | 216 | 163 | 25 | 19 | 3 | 38 | 21 | 42 | 76 | 86 | |
| 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% | 19% |
| -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 | 10 | |
| 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% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | -5% |
| 5 Years: | 119% |
| 3 Years: | 28% |
| TTM: | 35% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 30% |
| 5 Years: | 19% |
| 3 Years: | 47% |
| TTM: | -83% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 11% |
| 5 Years: | 123% |
| 3 Years: | 67% |
| 1 Year: | -36% |
| 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% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Updates on Acquisition
7h - SOA subsidiary invested INR 53.8 Cr to acquire 99% of Dubai step-down subsidiary on Oct 23, 2025.
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Receipt Of Approval From RDSO, Ministry Of Railways.
20 Oct - RDSO prototype approval (Req ID 25111, 31.07.2024) for microprocessor controller for roof-mounted AC units (Item 3100369).
- Announcement under Regulation 30 (LODR)-Newspaper Publication 18 Oct
-
Board Meeting Outcome for Outcome Of The Board Meeting Held Today, I.E., On October 15, 2025.
15 Oct - Q2/H1 Sep 30, 2025 results: standalone profit Rs221.56L; consolidated revenue Rs3,788.93L.
- Results For The Q2 Of FY2025-26 15 Oct
Annual reports
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Financial Year 2025
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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
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2013
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Financial Year 2012
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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.