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 ₹ 2,049 Cr.
- Current Price ₹ 85.0
- High / Low ₹ 115 / 32.0
- Stock P/E 36.4
- Book Value ₹ 8.96
- Dividend Yield 0.00 %
- ROCE 12.3 %
- ROE 60.3 %
- Face Value ₹ 2.00
Pros
- Company has delivered good profit growth of 32.1% CAGR over last 5 years
Cons
- Stock is trading at 9.70 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%
- 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 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 68 | 84 | 150 | 207 | 218 | 159 | 5 | 2 | 1 | 31 | 6 | 55 | 62 | |
| 63 | 81 | 139 | 163 | 216 | 163 | 25 | 19 | 3 | 25 | 5 | 42 | 48 | |
| Operating Profit | 6 | 3 | 11 | 44 | 2 | -4 | -20 | -17 | -2 | 6 | 1 | 12 | 14 |
| OPM % | 8% | 3% | 8% | 21% | 1% | -3% | -407% | -919% | -150% | 18% | 13% | 23% | 23% |
| 4 | -52 | 3 | -193 | 2 | -95 | 0 | 1 | 3 | 1 | 2 | 9 | 2 | |
| Interest | 12 | 9 | 7 | 0 | 29 | 24 | 0 | 0 | 0 | 1 | 1 | 2 | 3 |
| Depreciation | 4 | 4 | 8 | 8 | 8 | 8 | 8 | 8 | 7 | 3 | 2 | 2 | 2 |
| Profit before tax | -7 | -63 | 0 | -157 | -32 | -131 | -27 | -24 | -5 | 3 | 0 | 18 | 12 |
| 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 | 56 | |
| 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 | 2.53 |
| 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: | 240% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 19% |
| 5 Years: | 32% |
| 3 Years: | 130% |
| TTM: | 1184% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 33% |
| 5 Years: | 152% |
| 3 Years: | % |
| 1 Year: | 128% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| Last Year: | 60% |
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 | Sep 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 20 | 20 | 24 | 33 | 44 | 44 | 44 | 44 | 44 | 44 | 44 | 44 | 48 |
| Reserves | 325 | 280 | 284 | 177 | 25 | -186 | -214 | -238 | -105 | -43 | 16 | 78 | 168 |
| 143 | 147 | 161 | 157 | 104 | 117 | 117 | 135 | 33 | 1 | 11 | 12 | 43 | |
| 118 | 114 | 127 | 119 | 162 | 218 | 223 | 211 | 85 | 61 | 3 | 7 | 9 | |
| Total Liabilities | 606 | 561 | 595 | 486 | 334 | 193 | 170 | 152 | 57 | 63 | 73 | 141 | 268 |
| 140 | 135 | 128 | 120 | 93 | 90 | 82 | 75 | 46 | 44 | 41 | 26 | 28 | |
| CWIP | 49 | 17 | 17 | 17 | 7 | 2 | 2 | 2 | 0 | 0 | 3 | 0 | 0 |
| Investments | 6 | 6 | 2 | 2 | 0 | 0 | 0 | 0 | 0 | 3 | 3 | 0 | 51 |
| 411 | 403 | 448 | 346 | 235 | 101 | 86 | 76 | 10 | 16 | 26 | 115 | 189 | |
| Total Assets | 606 | 561 | 595 | 486 | 334 | 193 | 170 | 152 | 57 | 63 | 73 | 141 | 268 |
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 | 101 |
| 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 | 228 |
| 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% | 2% | 12% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Newspaper Publication
21h - 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.
1d - No deviation in QIP fund utilization for Q3 2024.
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Board Meeting Outcome for Outcome Of The Board Meeting
1d - Board approved unaudited financial results for Q2 2024.
- Unaudited Financial Results (Consolidated & Standalone) For The Q2 Of 2024-25 1d
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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
from bse
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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
from bse
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Financial Year 2016
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Financial Year 2015
from bse
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Financial Year 2014
from bse
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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]