MIC Electronics Ltd

MIC Electronics Ltd

₹ 85.5 0.85%
14 Nov 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

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]

  • Market Cap 2,062 Cr.
  • Current Price 85.5
  • High / Low 115 / 32.0
  • Stock P/E 37.4
  • 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 9.71 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.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Jun 2024 Sep 2024
0.01 0.26 3.40 26.97 14.32 2.42 2.08 7.40 11.01 8.26 10.31 10.71 27.46
-1.67 1.11 3.67 19.21 14.58 3.16 2.60 7.07 8.60 6.16 7.32 8.12 23.82
Operating Profit 1.68 -0.85 -0.27 7.76 -0.26 -0.74 -0.52 0.33 2.41 2.10 2.99 2.59 3.64
OPM % 16,800.00% -326.92% -7.94% 28.77% -1.82% -30.58% -25.00% 4.46% 21.89% 25.42% 29.00% 24.18% 13.26%
2.35 0.01 0.05 0.30 0.94 0.24 1.26 -0.28 0.72 0.22 6.78 0.22 0.23
Interest 0.02 0.66 0.18 0.27 0.63 0.12 0.21 0.30 0.16 0.54 0.48 0.46 1.35
Depreciation 1.70 0.65 0.65 0.65 0.96 0.62 0.54 0.67 0.54 0.55 0.38 0.39 0.39
Profit before tax 2.31 -2.15 -1.05 7.14 -0.91 -1.24 -0.01 -0.92 2.43 1.23 8.91 1.96 2.13
Tax % -0.00% -0.00% -0.00% -0.00% 7.69% -0.00% -0.00% -0.00% -0.00% -0.81% 1.23% -0.00% -0.00%
2.31 -2.15 -1.05 7.14 -0.98 -1.24 -0.01 -0.92 2.43 1.24 8.80 1.97 2.13
EPS in Rs 0.10 -0.39 -0.19 1.30 -0.05 -0.06 -0.00 -0.04 0.11 0.06 0.39 0.08 0.09
Raw PDF

Profit & Loss

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
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: 152%
3 Years: %
1 Year: 128%
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%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
0.00% 74.63% 74.63% 74.63% 74.63% 74.63% 74.63% 74.63% 74.63% 74.59% 67.51% 66.46%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 8.38% 4.77%
100.00% 25.37% 25.37% 25.37% 25.36% 25.37% 25.37% 25.38% 25.37% 25.41% 24.11% 28.76%
No. of Shareholders 47,50957,94161,20662,24961,42859,00557,99456,49067,40487,3351,06,9321,70,707

* 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.

Click on the line-items to see the names of individual entities.

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