MIC Electronics Ltd

₹ 35.1 -3.09%

13 Oct 4:01 p.m.

About

Incorporated in 1988, MIC Electronics Ltd is in the business of LED Products, Medical & other appliances, and Automobiles (EVs)^[1]

Key Points

Product Portfolio ^[1] ^[2]
The company designs, develops, and manufactures LED lighting and display systems, high-end electronic and telecom equipment, and telecom software. Its product portfolio includes Railway Passenger Information Systems, LED display boards, Emergency Light Units, Passenger Announcement & Passenger Information Systems (PAPIS), Remote Monitoring Processing Units, defence-grade power electronics, and EV charging infrastructure, with several railway products holding or progressing through RDSO/RCF approvals.

Website BSE NSE - BE

Market Cap ₹ 1,042 Cr.
Current Price ₹ 35.1
High / Low ₹ 58.7 / 30.0
Stock P/E
Book Value ₹ 8.97
Dividend Yield 0.00 %
ROCE 8.67 %
ROE -5.76 %
Face Value ₹ 2.00

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Pros

Company is expected to give good quarter

Cons

Stock is trading at 4.00 times its book value
Promoter holding has decreased over last quarter: -9.85%
Company has a low return on equity of 10.7% over last 3 years.
Company has high debtors of 375 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 Industrials

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Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	8.26	10.31	17.49	22.96	10.71	27.46	11.75	44.85	11.61	37.89	90.23	50.79	43.72
	6.16	7.32	14.90	17.55	8.12	23.82	8.30	36.49	7.50	34.08	86.26	37.44	39.46
Operating Profit	2.10	2.99	2.59	5.41	2.59	3.64	3.45	8.36	4.11	3.81	3.97	13.35	4.26
OPM %	25.42%	29.00%	14.81%	23.56%	24.18%	13.26%	29.36%	18.64%	35.40%	10.06%	4.40%	26.28%	9.74%
	0.22	6.78	0.82	0.86	0.22	0.23	0.49	0.31	0.14	0.53	0.15	0.35	0.22
Interest	0.54	0.48	0.35	0.42	0.46	1.35	1.38	1.42	1.67	1.26	1.30	1.82	1.39
Depreciation	0.55	0.38	0.35	0.37	0.39	0.39	0.39	0.44	0.91	0.91	0.94	0.92	0.96
Profit before tax	1.23	8.91	2.71	5.48	1.96	2.13	2.17	6.81	1.67	2.17	1.88	10.96	2.13
Tax %	-0.81%	1.23%	0.00%	-804.93%	0.00%	0.00%	0.00%	47.58%	0.00%	0.00%	0.00%	267.43%	0.00%
	1.24	8.80	2.71	49.59	1.97	2.13	2.17	3.57	1.67	2.17	1.88	-18.35	2.13
EPS in Rs	0.06	0.39	0.12	2.24	0.08	0.09	0.09	0.15	0.07	0.09	0.08	-0.76	0.09
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	150	207	218	159	5	2	1	45	23	55	95	191	223
	140	163	216	163	25	19	3	38	21	42	76	165	197
Operating Profit	11	44	2	-4	-20	-17	-2	7	2	12	18	26	25
OPM %	7%	21%	1.0%	-2.7%	-407%	-919%	-150%	15%	7%	23%	19%	13%	11%
	4	-193	2	-95	0	1	3	1	2	9	1	1	1
Interest	7	0	29	24	0	0	0	2	1	2	5	6	6
Depreciation	8	8	8	8	8	8	7	3	2	2	2	4	4
Profit before tax	0	-157	-32	-132	-27	-24	-5	3	0	18	13	17	17
Tax %	-8,900%	-29%	9%	46%	0%	0%	0%	0%	0%	-249%	25%	176%
	2	-111	-35	-191	-27	-24	-5	3	0	62	10	-13	-12
EPS in Rs	0.15	-6.67	-1.58	-8.69	-1.25	-1.09	-0.25	0.14	0.01	2.79	0.41	-0.52	-0.50
Dividend Payout %	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%

Compounded Sales Growth
10 Years:	-1%
5 Years:	181%
3 Years:	103%
TTM:	133%

Compounded Profit Growth
10 Years:	%
5 Years:	%
3 Years:	%
TTM:	-228%

Stock Price CAGR
10 Years:	9%
5 Years:	%
3 Years:	-1%
1 Year:	-36%

Return on Equity
10 Years:	%
5 Years:	9%
3 Years:	11%
Last Year:	-6%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	24	33	44	44	44	44	44	44	44	44	48	48
Reserves	286	198	69	-121	-148	-172	-39	18	19	78	174	168
	161	157	104	117	117	135	33	8	17	12	48	44
	122	98	125	160	165	154	27	4	8	7	43	94
Total Liabilities	593	486	342	200	178	161	65	75	87	141	314	354
	128	120	93	90	82	75	46	47	43	26	47	46
CWIP	17	17	7	2	2	2	0	5	10	0	2	1
Investments	6	7	7	7	7	8	8	0	0	0	0	0
	442	341	236	102	87	76	11	23	34	115	265	307
Total Assets	593	486	342	200	178	161	65	75	87	141	314	354

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	-32	-22	-22	33	0	1	-146	-58	-5	-13	-49	3
	11	0	-1	-0	-0	-1	20	-9	-5	19	-67	-3
	21	0	22	-33	-0	0	126	66	10	-5	122	-6
Net Cash Flow	0	-22	-1	-0	0	-0	0	0	0	1	6	-6
Free Cash Flow	-23	-22	-23	33	0	1	-123	-66	-9	3	-73	1
CFO/OP	-280%	55%	-867%	-2,147%	-2%	-4%	8,889%	-865%	-296%	-103%	-267%	12%

Ratios

Consolidated / View Standalone

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	262	167	57	78	1,466	1,866	1,326	11	45	169	324	375
Inventory Days	546	184	241	134	7,084	30,641	972	96	383	101	100	77
Days Payable	190	149	84	150	8,344	37,323	817	6	14	42	245	174
Cash Conversion Cycle	618	201	214	62	206	-4,815	1,480	101	414	228	180	278
Working Capital Days	287	16	-42	-431	-15,613	-43,260	-8,167	108	161	234	314	202
ROCE %	1%	9%	-1%	-8%	-102%	-242%	-24%	9%	1%	12%	9%	9%

Insights

In beta

Mar 2015

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Number of Permanent Employees
count ・Standalone data

xxx	xxx	xxx	xxx	xxx	xx	xx	xx	xx	xx	xxx	xx
xx.xx	xx.xx	xx.xx	xx.xx	xx.xx	xx.xx	xx.xx	xx.xx	xxx.xx	x.xx	xxx.xx	xxx.xx
						x.xx	xxx.xx	xx.xx	xx.xx	xx.xx	xx.xx
								xx.xx	xxx.xx	xxx.xx	xxx.xx
							x,xxx.xx	x,xxx.xx		xxx.xx
									xxx.xx	xxx.xx	x,xxx.xx
							x,xxx.xx	xx.xx		x,xxx.xx
									x,xxx.xx	x,xxx.xx	x,xxx.xx

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R&D / Development Expenditure
Rs. in Lakhs ・Standalone data

AMC & Service Charges
Rs. in Lakhs ・Standalone data

Jobworks Revenue
Rs. in Lakhs ・Standalone data

Automobiles / Electric Vehicles Segment Revenue
Rs. in Lakhs ・Standalone data

Installation Income
Rs. in Lakhs ・Standalone data

Medical & Other Appliances Segment Revenue
Rs. in Lakhs ・Standalone data

Passenger Information System (PIS) Display Revenue
Rs. in Lakhs ・Standalone data

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
	74.63%	74.59%	67.51%	66.46%	66.46%	66.48%	62.06%	58.01%	55.52%	51.70%	51.58%	41.73%
	0.00%	0.00%	8.38%	4.77%	4.15%	3.80%	3.13%	0.16%	0.16%	1.83%	5.58%	20.36%
	25.37%	25.41%	24.11%	28.76%	29.38%	29.72%	34.81%	41.82%	44.32%	46.46%	42.84%	37.93%
No. of Shareholders	67,404	87,335	1,06,932	1,70,707	1,80,238	1,85,677	1,89,600	2,40,201	2,33,068	2,25,366	2,19,167	2,13,560

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	Sep 2026
	16.00%	16.00%	7.78%	7.61%	7.61%	74.63%	74.63%	74.59%	66.48%	51.70%	41.73%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	3.80%	1.83%	20.36%
	0.15%	0.18%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
	83.85%	83.82%	92.22%	92.39%	92.39%	25.37%	25.37%	25.41%	29.72%	46.46%	37.93%
No. of Shareholders	50,786	51,997	52,319	50,457	49,977	57,941	59,005	87,335	1,85,677	2,25,366	2,13,560

* 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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MIC Electronics Ltd

MIC Electronics Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Insights

Shareholding Pattern

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