MIC Electronics Ltd
₹ 54.0
0.28%
01 Jul
4:01 p.m.
About
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.
Key Points
- Market Cap ₹ 1,301 Cr.
- Current Price ₹ 54.0
- High / Low ₹ 115 / 49.5
- Stock P/E 132
- Book Value ₹ 9.24
- Dividend Yield 0.00 %
- ROCE 8.84 %
- ROE 5.71 %
- Face Value ₹ 2.00
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 5.85 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has high debtors of 324 days.
- Promoter holding has decreased over last 3 years: -8.15%
* 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 Manufacturing Industrial Products
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Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Upcoming result date: 4 July 2025
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 91.83 | 150.45 | 206.75 | 217.93 | 158.62 | 4.84 | 1.86 | 1.09 | 44.95 | 22.91 | 54.57 | 94.76 | |
| 88.19 | 139.69 | 162.87 | 215.75 | 162.94 | 24.56 | 18.95 | 2.73 | 38.27 | 21.41 | 42.27 | 76.72 | |
| 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 |
| 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% |
| -53.16 | 3.60 | -192.76 | 2.15 | -95.02 | 0.38 | 1.00 | 3.14 | 1.31 | 1.94 | 8.61 | 1.24 | |
| 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 |
| 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 |
| 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 |
| 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 | |
| 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 |
| 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: | 74% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 31% |
| 5 Years: | 19% |
| 3 Years: | 48% |
| TTM: | -82% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 10% |
| 5 Years: | 118% |
| 3 Years: | 55% |
| 1 Year: | -38% |
| 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 | 706.15 | 527.69 | 183.21 | -25.07 | -396.53 | -14,492.16 | -40,418.84 | -7,598.03 | 146.49 | 390.17 | 310.22 | 433.68 |
| 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% |
Documents
Announcements
-
Board Meeting Intimation for Board Meeting Is Scheduled On Friday, July 04, 2025
2d - Board meeting on July 4 to approve Q1 FY26 un-audited financial results and limited review report.
- Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011 27 Jun
- Closure of Trading Window 27 Jun
-
Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
7 Jun - Received ₹56.95 lakh order from Tirumala Tirupati Devasthanam for LED display boards, 2 months execution.
-
Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
3 Jun - Received Rs.1.11 Cr and Rs.60 Lakh orders from Indian Railways for electronic boards and lighting units.
Annual reports
-
Financial Year 2024
from bse
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Financial Year 2023
from bse
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Financial Year 2022
from bse
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Financial Year 2021
from bse
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Financial Year 2020
from bse
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Financial Year 2019
from bse
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Financial Year 2018
from bse
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Financial Year 2017
from bse
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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
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Financial Year 2012
from nse
History
The company was once ranked 5th globally in true color display technology. SHARP (Japan) chose MIC for OEM solar-powered lanterns for its CSR activity. MIC also became the first and only company for a long time to receive RDSO approval for True Colour PIS displays and railway coach lighting products. [1]