MIC Electronics Ltd
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.
- Market Cap ₹ 2,110 Cr.
- Current Price ₹ 95.3
- High / Low ₹ 95.3 / 22.8
- Stock P/E 38.2
- Book Value ₹ 5.51
- Dividend Yield 0.00 %
- ROCE 17.5 %
- ROE 89.3 %
- Face Value ₹ 2.00
Pros
- Company has delivered good profit growth of 32.2% CAGR over last 5 years
Cons
- Stock is trading at 16.5 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Earnings include an other income of Rs.8.61 Cr.
- Company has high debtors of 169 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
Sector: Consumer Durables Industry: Electronics - Components
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Jun 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 68 | 84 | 150 | 207 | 218 | 159 | 5 | 2 | 1 | 31 | 6 | 55 | |
| 63 | 81 | 139 | 163 | 216 | 163 | 25 | 19 | 3 | 25 | 5 | 42 | |
| Operating Profit | 6 | 3 | 11 | 44 | 2 | -4 | -20 | -17 | -2 | 6 | 1 | 12 |
| OPM % | 8% | 3% | 8% | 21% | 1% | -3% | -407% | -919% | -150% | 18% | 13% | 23% |
| 4 | -52 | 3 | -193 | 2 | -95 | 0 | 1 | 3 | 1 | 2 | 9 | |
| Interest | 12 | 9 | 7 | 0 | 29 | 24 | 0 | 0 | 0 | 1 | 1 | 2 |
| Depreciation | 4 | 4 | 8 | 8 | 8 | 8 | 8 | 8 | 7 | 3 | 2 | 2 |
| Profit before tax | -7 | -63 | 0 | -157 | -32 | -131 | -27 | -24 | -5 | 3 | 0 | 18 |
| Tax % | -99% | 29% | -424% | 29% | -9% | -46% | 0% | 0% | 0% | 0% | 0% | -249% |
| -15 | -44 | 2 | -111 | -35 | -191 | -27 | -24 | -5 | 3 | 0 | 62 | |
| EPS in Rs | -1.45 | -4.34 | 0.18 | -6.67 | -1.58 | -8.69 | -1.25 | -1.09 | -0.25 | 0.13 | 0.01 | 2.79 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | -4% |
| 5 Years: | 62% |
| 3 Years: | 269% |
| TTM: | 826% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 19% |
| 5 Years: | 32% |
| 3 Years: | 130% |
| TTM: | 36713% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 30% |
| 5 Years: | 161% |
| 3 Years: | 312% |
| 1 Year: | 287% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| Last Year: | 89% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Jun 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 20 | 20 | 24 | 33 | 44 | 44 | 44 | 44 | 44 | 44 | 44 | 44 |
| Reserves | 325 | 280 | 284 | 177 | 25 | -186 | -214 | -238 | -105 | -43 | -43 | 78 |
| 143 | 147 | 161 | 157 | 104 | 117 | 117 | 135 | 33 | 1 | 11 | 12 | |
| 118 | 114 | 127 | 119 | 162 | 218 | 223 | 211 | 85 | 61 | 61 | 7 | |
| Total Liabilities | 606 | 561 | 595 | 486 | 334 | 193 | 170 | 152 | 57 | 63 | 73 | 141 |
| 140 | 135 | 128 | 120 | 93 | 90 | 82 | 75 | 46 | 44 | 41 | 26 | |
| CWIP | 49 | 17 | 17 | 17 | 7 | 2 | 2 | 2 | 0 | 0 | 3 | 0 |
| Investments | 6 | 6 | 2 | 2 | 0 | 0 | 0 | 0 | 0 | 3 | 3 | 0 |
| 411 | 403 | 448 | 346 | 235 | 101 | 86 | 76 | 10 | 16 | 26 | 115 | |
| Total Assets | 606 | 561 | 595 | 486 | 334 | 193 | 170 | 152 | 57 | 63 | 73 | 141 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Jun 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | -3 | -32 | -22 | -22 | 33 | -0 | 0 | -146 | -58 | -6 | -10 | |
| -1 | 32 | 3 | -0 | -1 | -0 | 0 | -0 | 20 | -0 | -3 | 16 | |
| -2 | -30 | 29 | 23 | 22 | -33 | -0 | 0 | 126 | 59 | 10 | -5 | |
| Net Cash Flow | -1 | -1 | 1 | 0 | -1 | -0 | 0 | -0 | 0 | 0 | 0 | 1 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Jun 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 599 | 385 | 267 | 167 | 57 | 78 | 1,466 | 1,866 | 1,326 | 15 | 143 | 169 |
| Inventory Days | 1,315 | 913 | 546 | 184 | 241 | 134 | 7,084 | 37,663 | 972 | 51 | 7,805 | 100 |
| Days Payable | 524 | 340 | 192 | 147 | 82 | 147 | 8,212 | 45,108 | 324 | 8 | 290 | 42 |
| Cash Conversion Cycle | 1,389 | 958 | 621 | 203 | 216 | 64 | 338 | -5,578 | 1,974 | 59 | 7,658 | 227 |
| Working Capital Days | 1,199 | 767 | 530 | 185 | -24 | -396 | -14,470 | -40,358 | -7,504 | 149 | 1,307 | 310 |
| ROCE % | -0% | 1% | 10% | -1% | -15% | 9% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order
1d - Receipt of Approval of fresh registration for Emergency Lighting System for railway Coaches-from Ministry of Railways
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Announcement under Regulation 30 (LODR)-Qualified Institutional Placement
26 Jun - Outcome of the Management Committee Meeting for allotment of equity shares to Qualified Institutional Buyers as per the details enclosed.
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Announcement under Regulation 30 (LODR)-Qualified Institutional Placement
26 Jun - Outcome of the Management Committee Meeting for inter-alia, approval of QIP Issue Closure, QIP Issue Price and Placement Document is enclosed.
- Letter Of Completion Received From Ratlam Division Of Western Railway Zone. 26 Jun
- Closure of Trading Window 26 Jun
Annual reports
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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
from nse
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Financial Year 2013
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Financial Year 2012
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Financial Year 2012
from nse
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Financial Year 2011
from bse
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.