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 ₹ 2,009 Cr.
- Current Price ₹ 83.3
- High / Low ₹ 115 / 32.0
- Stock P/E 36.4
- Book Value ₹ 8.96
- Dividend Yield 0.00 %
- ROCE 15.8 %
- ROE 87.6 %
- Face Value ₹ 2.00
Pros
- Company has delivered good profit growth of 32.1% CAGR over last 5 years
- Company has a good return on equity (ROE) track record: 3 Years ROE 44.8%
- Debtor days have improved from 24.9 to 18.9 days.
Cons
- Stock is trading at 9.30 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Promoter holding has decreased over last quarter: -1.05%
- Earnings include an other income of Rs.8.61 Cr.
* 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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Jun 2013 9m | Mar 2014 9m | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 76 | 92 | 150 | 207 | 218 | 159 | 5 | 2 | 1 | 45 | 23 | 55 | |
| 69 | 88 | 140 | 163 | 216 | 163 | 25 | 19 | 3 | 38 | 21 | 42 | |
| Operating Profit | 6 | 4 | 11 | 44 | 2 | -4 | -20 | -17 | -2 | 7 | 2 | 12 |
| OPM % | 8% | 4% | 7% | 21% | 1% | -3% | -407% | -919% | -150% | 15% | 7% | 23% |
| 4 | -53 | 4 | -193 | 2 | -95 | 0 | 1 | 3 | 1 | 2 | 9 | |
| Interest | 13 | 9 | 7 | 0 | 29 | 24 | 0 | 0 | 0 | 2 | 1 | 2 |
| Depreciation | 5 | 5 | 8 | 8 | 8 | 8 | 8 | 8 | 7 | 3 | 2 | 2 |
| Profit before tax | -7 | -63 | 0 | -157 | -32 | -132 | -27 | -24 | -5 | 3 | 0 | 18 |
| Tax % | 102% | -29% | -8,900% | -29% | 9% | 46% | 0% | 0% | 0% | 0% | 0% | -249% |
| -15 | -45 | 2 | -111 | -35 | -191 | -27 | -24 | -5 | 3 | 0 | 62 | |
| EPS in Rs | -1.43 | -4.40 | 0.15 | -6.67 | -1.58 | -8.69 | -1.25 | -1.09 | -0.25 | 0.14 | 0.01 | 2.79 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | -5% |
| 5 Years: | 62% |
| 3 Years: | 269% |
| TTM: | 138% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 19% |
| 5 Years: | 32% |
| 3 Years: | 130% |
| TTM: | 21138% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 33% |
| 5 Years: | 145% |
| 3 Years: | % |
| 1 Year: | 125% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 45% |
| Last Year: | 88% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Jun 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 20 | 20 | 24 | 33 | 44 | 44 | 44 | 44 | 44 | 44 | 44 | 48 |
| Reserves | 324 | 279 | 282 | 176 | 32 | -180 | -207 | -230 | -97 | 18 | 19 | 168 |
| 154 | 158 | 161 | 157 | 104 | 117 | 117 | 135 | 33 | 8 | 17 | 43 | |
| 122 | 118 | 126 | 120 | 163 | 219 | 224 | 212 | 85 | 4 | 8 | 25 | |
| Total Liabilities | 621 | 576 | 593 | 486 | 342 | 200 | 178 | 161 | 65 | 75 | 87 | 284 |
| 150 | 145 | 128 | 120 | 93 | 90 | 82 | 75 | 46 | 47 | 43 | 28 | |
| CWIP | 49 | 17 | 17 | 17 | 7 | 2 | 2 | 2 | 0 | 5 | 10 | 0 |
| Investments | 8 | 8 | 6 | 7 | 7 | 7 | 7 | 8 | 8 | 0 | 0 | 0 |
| 414 | 405 | 442 | 341 | 236 | 102 | 87 | 76 | 11 | 23 | 34 | 256 | |
| Total Assets | 621 | 576 | 593 | 486 | 342 | 200 | 178 | 161 | 65 | 75 | 87 | 284 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Jun 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 5 | -1 | -32 | -22 | -22 | 33 | 0 | 1 | -146 | -58 | -5 | -13 | |
| -9 | 32 | 11 | 0 | -1 | -0 | -0 | -1 | 20 | -9 | -5 | 16 | |
| 3 | -32 | 21 | 0 | 22 | -33 | -0 | 0 | 126 | 66 | 10 | -5 | |
| Net Cash Flow | -1 | -0 | 0 | -22 | -1 | -0 | 0 | -0 | 0 | 0 | 0 | -3 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| 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 | 556 | 359 | 262 | 167 | 57 | 78 | 1,466 | 1,866 | 1,326 | 11 | 45 | |
| Inventory Days | 1,217 | 877 | 546 | 184 | 241 | 134 | 7,084 | 30,641 | 972 | 96 | 383 | |
| Days Payable | 498 | 333 | 190 | 149 | 84 | 150 | 8,344 | 37,323 | 817 | 6 | 14 | |
| Cash Conversion Cycle | 1,275 | 903 | 618 | 201 | 214 | 62 | 206 | -4,815 | 1,480 | 101 | 414 | |
| Working Capital Days | 1,103 | 706 | 528 | 183 | -25 | -397 | -14,492 | -40,419 | -7,598 | 146 | 390 | |
| ROCE % | 0% | 1% | 10% | -1% | -14% | 20% | 1% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Newspaper Publication
13 Nov - Newspaper publication published on November 13, 2024 regarding unaudited (standalone & consolidated) financial results of the company for the quarter and half year ended on …
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Statement Of Variation(S) Or Deviation(S) For The Quarter Ended September 30, 2024.
12 Nov - No deviation in QIP fund utilization for Q3 2024.
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Board Meeting Outcome for Outcome Of The Board Meeting
12 Nov - Board approved unaudited financial results for Q2 2024.
- Unaudited Financial Results (Consolidated & Standalone) For The Q2 Of 2024-25 12 Nov
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Intimation Of Formation Of A Wholly Owned Subsidiary Of The Company.
9 Nov - Incorporation of MICK Digital India Limited as a subsidiary.
Annual reports
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Financial Year 2024
from bse
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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
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]