MIC Electronics Ltd

MIC Electronics Ltd

₹ 19.0 2.15%
09 Jun 1:13 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

History[1]
The company was ranked 5th in the world at one point in time in the area of true color
display. SHARP (Japan) selected MIC for the OEM purchase of Solar Powered Lanterns for its CSR activity. It became the first and only company (for a long time) to obtain RDSO approval for True Colour PIS displays and for railway coach lighting products.

  • Market Cap 421 Cr.
  • Current Price 19.0
  • High / Low 21.0 / 10.8
  • Stock P/E 2,004
  • Book Value 2.85
  • Dividend Yield 0.00 %
  • ROCE 2.30 %
  • ROE 0.62 %
  • Face Value 2.00

Pros

  • Company is expected to give good quarter
  • Debtor days have improved from 461 to 44.9 days.

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has low interest coverage ratio.
  • Company might be capitalizing the interest cost
  • Earnings include an other income of Rs.1.94 Cr.
  • Working capital days have increased from -2,353 days to 393 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.

Loading peers table ...

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023
0.20 0.00 1.02 0.06 0.01 0.26 3.40 26.97 14.32 2.42 2.08 7.40 11.01
15.11 0.19 3.61 0.60 -1.67 1.11 3.67 19.21 14.58 3.16 2.60 7.07 8.60
Operating Profit -14.91 -0.19 -2.59 -0.54 1.68 -0.85 -0.27 7.76 -0.26 -0.74 -0.52 0.33 2.41
OPM % -7,455.00% -253.92% -900.00% 16,800.00% -326.92% -7.94% 28.77% -1.82% -30.58% -25.00% 4.46% 21.89%
0.87 0.00 0.76 0.03 2.35 0.01 0.05 0.30 0.94 0.24 1.26 -0.28 0.72
Interest 0.16 0.05 0.01 0.01 0.02 0.66 0.18 0.27 0.63 0.12 0.21 0.30 0.16
Depreciation 1.88 1.71 1.70 1.71 1.70 0.65 0.65 0.65 0.96 0.62 0.54 0.67 0.54
Profit before tax -16.08 -1.95 -3.54 -2.23 2.31 -2.15 -1.05 7.14 -0.91 -1.24 -0.01 -0.92 2.43
Tax % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% -7.69% 0.00% 0.00% 0.00% 0.00%
Net Profit -16.08 -1.95 -3.54 -2.23 2.31 -2.15 -1.05 7.14 -0.98 -1.24 -0.01 -0.92 2.43
EPS in Rs -0.73 -0.09 -0.16 -0.10 0.10 -0.39 -0.19 1.30 -0.05 -0.06 -0.00 -0.04 0.11
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Sep 2012 Jun 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
129.02 75.76 91.83 150.45 206.75 217.93 158.62 4.84 1.86 1.09 44.95 22.91
98.43 69.46 88.19 139.69 162.87 215.75 162.94 24.56 18.95 2.73 38.27 21.43
Operating Profit 30.59 6.30 3.64 10.76 43.88 2.18 -4.32 -19.72 -17.09 -1.64 6.68 1.48
OPM % 23.71% 8.32% 3.96% 7.15% 21.22% 1.00% -2.72% -407.44% -918.82% -150.46% 14.86% 6.46%
-61.09 3.77 -53.16 3.60 -192.76 2.15 -95.02 0.38 1.00 3.14 1.31 1.94
Interest 26.64 12.68 9.28 6.51 0.47 28.52 24.42 0.49 0.33 0.09 2.05 0.79
Depreciation 7.88 4.63 4.60 7.83 7.51 7.81 7.75 7.66 7.53 6.82 2.91 2.37
Profit before tax -65.02 -7.24 -63.40 0.02 -156.86 -32.00 -131.51 -27.49 -23.95 -5.41 3.03 0.26
Tax % 2.41% -102.35% 28.91% -8,900.00% 29.31% -9.06% -45.51% 0.00% 0.00% 0.00% 2.31% 0.00%
Net Profit -63.45 -14.65 -45.06 1.80 -110.89 -34.90 -191.36 -27.49 -23.95 -5.42 2.96 0.26
EPS in Rs -6.19 -1.43 -4.40 0.15 -6.67 -1.58 -8.69 -1.25 -1.09 -0.25 0.13 0.01
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: -16%
5 Years: -32%
3 Years: 131%
TTM: -49%
Compounded Profit Growth
10 Years: -28%
5 Years: 15%
3 Years: 26%
TTM: -93%
Stock Price CAGR
10 Years: 20%
5 Years: 37%
3 Years: 174%
1 Year: 13%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: 1%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Sep 2012 Jun 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
20.50 20.50 20.50 23.78 33.23 44.05 44.05 44.05 44.05 44.05 44.29 44.29
Reserves 338.47 324.11 279.06 281.77 175.91 31.58 -179.79 -206.87 -230.33 -97.43 -39.90 18.73
141.61 154.16 158.39 161.04 156.62 103.62 117.17 117.17 134.64 32.85 7.88 16.16
152.91 122.42 117.56 126.28 119.78 162.75 218.78 223.79 212.25 85.48 62.81 8.22
Total Liabilities 653.49 621.19 575.51 592.87 485.54 342.00 200.21 178.14 160.61 64.95 75.08 87.40
146.85 150.08 144.98 127.50 120.26 92.54 89.80 82.14 74.61 46.33 47.07 46.17
CWIP 49.12 49.12 17.24 17.24 17.24 6.65 1.83 1.83 1.83 0.00 4.62 7.09
Investments 7.40 8.09 8.11 6.43 6.79 6.67 6.70 7.12 7.75 7.52 0.00 0.00
450.12 413.90 405.18 441.70 341.25 236.14 101.88 87.05 76.42 11.10 23.39 34.14
Total Assets 653.49 621.19 575.51 592.87 485.54 342.00 200.21 178.14 160.61 64.95 75.08 87.40

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Sep 2012 Jun 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
-22.15 4.79 -0.62 -31.69 -22.04 -21.79 32.90 0.42 0.66 -146.47 -57.58 -4.61
-0.67 -9.10 32.07 10.85 0.00 -0.72 -0.06 -0.34 -0.70 20.47 -8.61 -4.97
21.13 3.12 -31.63 20.85 0.00 21.63 -32.95 -0.07 0.03 126.05 66.23 9.81
Net Cash Flow -1.69 -1.19 -0.18 0.01 -22.04 -0.88 -0.12 0.00 -0.01 0.05 0.04 0.23

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Sep 2012 Jun 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 296.03 555.79 358.56 261.92 166.60 57.01 77.66 1,466.03 1,866.21 1,326.06 10.96 44.93
Inventory Days 1,181.56 1,217.16 876.88 546.46 183.78 240.70 133.90 7,084.12 30,641.44 971.62 95.88 382.47
Days Payable 290.30 497.93 332.77 190.46 149.00 84.15 149.71 8,343.87 37,322.80 817.39 6.21 14.08
Cash Conversion Cycle 1,187.28 1,275.02 902.67 617.92 201.39 213.56 61.85 206.29 -4,815.15 1,480.28 100.63 413.33
Working Capital Days 816.74 1,102.52 706.15 527.69 183.21 -25.07 -396.53 -14,492.16 -40,418.84 -7,598.03 146.49 392.56
ROCE % 5.92% 0.12% 1.17% 9.57% -1.30% -13.58% 2.30%

Shareholding Pattern

Numbers in percentages

Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023
7.61 7.61 7.61 7.61 7.61 0.00 0.00 74.63 74.63 74.63 74.63 74.63
92.39 92.39 92.39 92.39 92.39 100.00 100.00 25.37 25.37 25.37 25.36 25.37

Documents