MIC Electronics Ltd

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

MIC Electronics Ltd

₹ 46.2 0.90%
11 Aug 9:57 a.m.
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 ₹ 1,113 Cr.
  • Current Price ₹ 46.2
  • High / Low ₹ 115 / 44.1
  • Stock P/E 117
  • Book Value ₹ 9.24
  • Dividend Yield 0.00 %
  • ROCE 8.84 %
  • ROE 5.71 %
  • Face Value ₹ 2.00
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Pros

  • Company is expected to give good quarter
  • Company has delivered good profit growth of 19.2% CAGR over last 5 years

Cons

  • Stock is trading at 4.94 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

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025
2.42 2.08 7.40 11.01 8.26 10.31 17.49 22.96 10.71 27.46 11.75 44.85 11.61
3.16 2.60 7.07 8.60 6.16 7.32 14.90 17.55 8.12 23.82 8.30 36.49 7.50
Operating Profit -0.74 -0.52 0.33 2.41 2.10 2.99 2.59 5.41 2.59 3.64 3.45 8.36 4.11
OPM % -30.58% -25.00% 4.46% 21.89% 25.42% 29.00% 14.81% 23.56% 24.18% 13.26% 29.36% 18.64% 35.40%
0.24 1.26 -0.28 0.72 0.22 6.78 0.82 0.86 0.22 0.23 0.49 0.31 0.14
Interest 0.12 0.21 0.30 0.16 0.54 0.48 0.35 0.42 0.46 1.35 1.38 1.42 1.67
Depreciation 0.62 0.54 0.67 0.54 0.55 0.38 0.35 0.37 0.39 0.39 0.39 0.44 0.91
Profit before tax -1.24 -0.01 -0.92 2.43 1.23 8.91 2.71 5.48 1.96 2.13 2.17 6.81 1.67
Tax % 0.00% 0.00% 0.00% 0.00% -0.81% 1.23% 0.00% -804.93% 0.00% 0.00% 0.00% 47.58% 0.00%
-1.24 -0.01 -0.92 2.43 1.24 8.80 2.71 49.59 1.97 2.13 2.17 3.57 1.67
EPS in Rs -0.06 -0.00 -0.04 0.11 0.06 0.39 0.12 2.24 0.08 0.09 0.09 0.15 0.07
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
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 42.27 76.72 76.11
Operating Profit 3.64 10.76 43.88 2.18 -4.32 -19.72 -17.09 -1.64 6.68 1.50 12.30 18.04 19.56
OPM % 3.96% 7.15% 21.22% 1.00% -2.72% -407.44% -918.82% -150.46% 14.86% 6.55% 22.54% 19.04% 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 1.64 4.61 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: 31%
5 Years: 19%
3 Years: 48%
TTM: -83%
Stock Price CAGR
10 Years: 6%
5 Years: 131%
3 Years: 41%
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 11.61 43.57
117.56 121.93 98.18 124.99 160.39 165.40 153.86 27.09 4.42 7.82 7.19 47.83
Total Liabilities 575.51 592.87 485.54 342.00 200.21 178.14 160.61 64.95 75.08 87.40 140.76 313.99
144.98 127.50 120.26 92.54 89.80 82.14 74.61 46.33 47.07 43.42 25.97 48.72
CWIP 17.24 17.24 17.24 6.65 1.83 1.83 1.83 0.00 4.62 9.85 0.00 0.00
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 34.13 114.79 265.27
Total Assets 575.51 592.87 485.54 342.00 200.21 178.14 160.61 64.95 75.08 87.40 140.76 313.99

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 99.92 99.96
Days Payable 332.77 190.46 149.00 84.15 149.71 8,343.87 37,322.80 817.39 6.21 14.09 41.91 243.93
Cash Conversion Cycle 902.67 617.92 201.39 213.56 61.85 206.29 -4,815.15 1,480.28 100.63 413.57 227.36 180.01
Working Capital Days 306.73 287.22 15.96 -42.11 -430.72 -15,612.80 -43,260.35 -8,167.29 107.51 161.39 233.63 314.39
ROCE % 0.12% 1.16% 9.28% -1.17% -8.50% -101.67% -242.38% -23.85% 9.28% 1.41% 11.91% 8.84%

Shareholding Pattern

Numbers in percentages

5 Recently
Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025
74.63% 74.63% 74.63% 74.63% 74.63% 74.63% 74.59% 67.51% 66.46% 66.46% 66.48% 62.06%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 8.38% 4.77% 4.15% 3.80% 3.13%
25.37% 25.36% 25.37% 25.37% 25.38% 25.37% 25.41% 24.11% 28.76% 29.38% 29.72% 34.81%
No. of Shareholders 62,24961,42859,00557,99456,49067,40487,3351,06,9321,70,7071,80,2381,85,6771,89,600

* 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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