Is MIC Electronics a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that MIC Electronics Ltd is a below average quality company .

Is MIC Electronics undervalued or overvalued?

The key valuation ratios of MIC Electronics Ltd's currently when compared to its past seem to suggest it is in the Fair zone .

What is MIC Electronics share price return in the past 10 years?

MIC Electronics Ltd share price has appreciated 33.8% annually (CAGR) over the past ten years.

Is MIC Electronics a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of MIC Electronics Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

MIC Electronics Ltd - Stock Valuation and Financial Performance

Name: MIC Electronics
Brand: MIC Electronics

BSE: 532850 | NSE: MICEL | Electric Equipment | Small Cap

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MIC Electronics Share Price

₹83.23 -2.46 -2.87%
as on 21-Nov'24 16:59

10 Year X-Ray of MIC Electronics:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Standalone Basis ^P Consolidated Basis ^P

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
ROCE % ⓘ	1.5%	-37.2%	-1.1%	-87.8%	-138.4%	-934.4%	-35.6%	9.3%	1%	19.1%	-
Value Creation Index ⓘ	-0.9	-3.7	-1.1	NA	NA	NA	NA	-0.3	-0.9	0.4	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	159	218	231	159	4.8	1.9	1.1	31.1	5.9	54.6	62
Sales YoY Gr.	-	37.3%	6.1%	-31.3%	-97%	-61.6%	-41.4%	2,756.9%	-81.1%	826.5%	-
Adj EPS ⓘ	0.1	-5.2	-1.6	-8.7	-1.2	-1	-0.3	0.1	0	2.6	2.3
YoY Gr.	-	-4400%	NA	NA	NA	NA	NA	NA	-92.3%	25600%	-
BVPS (₹) ⓘ	24.5	12.4	3.9	-4.7	-5.9	-6.2	-2.8	0.1	0.1	2.9	9
Adj Net Profit ⓘ	1.4	-85.7	-35.5	-191	-26.3	-21.5	-5.4	2.8	0.1	57	56
Cash Flow from Ops. ⓘ	-31.8	-22.4	-21.7	33.1	0	0	-146	-59	-8.5	-11.4	-
Debt/CF from Ops. ⓘ	-5.1	-7	-4.8	3.6	-10826.4	4108.8	-0.2	-0	-1.2	-1	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	-11.2%	62.3%	268.6%	826.5%
Adj EPS ⓘ	40.6%	NA	NA	25600%
BVPSⓘ	-21.2%	NA	NA	3487.5%
Share Price	33.8%	153.2%	298%	122.2%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
Return on Equity % ⓘ	0.5	-31.5	-20.9	-1667.9	27	17.4	7.9	9.7	0.2	62.6	39.6
Op. Profit Mgn % ⓘ	7.3	20.2	1	-2.3	-373	-730.2	-150.5	18.2	13.4	22.9	22.9
Net Profit Mgn % ⓘ	0.9	-39.4	-15.4	-120.3	-544.3	-1155.8	-496.5	9	2.4	104.4	90.4
Debt to Equity ⓘ	0.6	0.8	1.2	-1.1	-0.9	-1	-0.5	0.6	6.1	0.2	0.1
Working Cap Days ⓘ	897	557	329	304	6,937	15,599	14,029	145	1,256	295	217
Cash Conv. Cycle ⓘ	476	244	181	148	4,422	10,719	9,467	50	436	129	119

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 39.60%

Sales growth is growing at healthy rate in last 3 years 268.56%

Debt to equity has declined versus last 3 years average to 0.18

Sales growth is good in last 4 quarters at 524.12%

Net Profit has been subdued in last 3 years 0.00%

Latest Financials - MIC Electronics Ltd.

	Standalone	Consolidated
TTM EPS (₹)	2.3	0.5
TTM Sales (₹ Cr.)	62.4	37
BVPS (₹.) ⓘ	9	9
Reserves (₹ Cr.) ⓘ	168	168
P/BV ⓘ	9.33	9.34
PE ⓘ	35.76	178.48

From the Market
52 Week Low / High (₹)	31.95 / 114.74
All Time Low / High (₹)	0.46 / 217.56
Market Cap (₹ Cr.)	2,016
Equity (₹ Cr.)	48.2
Face Value (₹)	2
Industry PE ⓘ	89.8

Management X-Ray of MIC Electronics:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

1.30

2.04

2.08

0.00

* Pledged shares as % of Promoter's holding (%)

Valuation of MIC Electronics

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Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

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Key Ratios of MIC Electronics

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Sales	159	218	231	159	5	2	1	31	6	55
Operating Expenses ⓘ	147	174	229	163	25	19	3	25	5	42
Manufacturing Costs	2	4	3	2	1	1	0	1	0	4
Material Costs	128	151	173	138	3	1	1	20	0	29
Employee Cost	3	3	5	5	4	2	1	2	2	5
Other Costs ⓘ	14	16	48	18	17	15	1	3	2	4
Operating Profit ⓘ	11	44	2	-4	-20	-17	-2	6	1	12
Operating Profit Margin (%)	7.3%	20.2%	1.0%	-2.7%	-407.0%	-919.0%	-150.0%	18.2%	13.4%	22.9%
Other Income ⓘ	4	3	2	1	1	1	3	1	2	2
Interest ⓘ	7	0	29	24	0	0	0	1	1	2
Depreciation ⓘ	8	8	8	8	8	8	7	3	2	2
Exceptional Items ⓘ	0	-196	0	-96	0	0	0	0	0	7
Profit Before Tax ⓘ	0	-157	-32	-131	-27	-24	-5	3	0	18
Tax ⓘ	-2	-46	3	60	0	0	0	0	0	-44
Profit After Tax	2	-111	-35	-191	-27	-24	-5	3	0	62
PAT Margin (%)	1.4%	-51.0%	-15.1%	-120.0%	-568.0%	-1,288.0%	-496.0%	9.0%	2.5%	113.3%
Adjusted EPS (₹)	0.2	-6.7	-1.6	-8.7	-1.3	-1.1	-0.3	0.1	0.0	2.8
Dividend Payout Ratio (%)	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Equity and Liabilities
Shareholders Fund	307	211	86	-103	-130	-135	-61	2	2	64
Share Capital ⓘ	24	33	44	44	44	44	44	44	44	44
Reserves ⓘ	284	177	42	-147	-174	-179	-105	-43	-43	19
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	116	108	48	15	15	14	28	1	11	12
Long Term Debt	17	13	37	0	0	0	26	0	0	0
Short Term Debt	99	95	10	15	15	14	2	1	11	11
Trade Payables	67	60	39	56	58	59	1	0	0	3
Others Liabilities ⓘ	88	46	102	225	228	214	89	60	61	18
Total Liabilities ⓘ	579	424	275	193	170	152	57	63	73	97
Fixed Assets
Gross Block	170	170	147	152	152	152	151	151	149	134
Accumulated Depreciation	42	50	54	62	70	77	105	107	108	109
Net Fixed Assetsⓘ	127	120	93	90	82	75	46	44	41	26
CWIP ⓘ	17	17	7	2	2	2	0	0	3	0
Investmentsⓘ	2	2	0	0	0	0	0	3	3	0
Inventories	192	75	114	51	50	50	2	3	8	8
Trade Receivables	110	94	34	34	19	10	4	1	2	25
Cash Equivalents	2	2	2	2	2	1	1	1	1	8
Others Assetsⓘ	128	112	26	15	15	15	4	11	15	30
Total Assets ⓘ	579	424	275	193	170	152	57	63	73	97

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Cash Flow From Operating Activity ⓘ	-32	-22	-22	33	0	0	-146	-59	-9	-11
PBT ⓘ	0	39	-32	-131	-27	-24	-5	3	0	18
Adjustment ⓘ	14	8	36	33	8	8	10	3	2	2
Changes in Working Capital ⓘ	-38	173	6	216	20	16	-150	-64	-10	-74
Tax Paid ⓘ	-2	-46	-3	-60	0	0	-1	0	0	44
Cash Flow From Investing Activity ⓘ	3	0	-1	0	0	0	20	0	-1	17
Capex	0	0	1	-5	0	0	21	0	1	14
Net Investments	3	0	0	0	0	0	0	0	0	0
Others ⓘ	0	0	-2	5	0	0	-1	0	-2	3
Cash Flow From Financing Activityⓘ	29	23	22	-33	0	0	126	59	10	-5
Net Proceeds from Shares ⓘ	9	31	90	0	0	0	0	26	0	0
Net Proceeds from Borrowing ⓘ	17	-4	0	0	0	0	0	0	0	0
Interest Paid ⓘ	0	0	0	0	0	0	0	0	0	0
Dividend Paid ⓘ	0	0	0	0	0	0	0	0	0	0
Others ⓘ	3	-4	-68	-33	0	0	126	32	10	-5
Net Cash Flow ⓘ	1	0	-1	0	0	0	0	0	0	1

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Ratios
ROE (%)	0.74	-44.51	-23.75	N/A	N/A	N/A	N/A	0	8.79	189.38
ROCE (%)	1.53	-37.15	-1.13	N/A	N/A	N/A	N/A	9.31	0.99	19.14
Asset Turnover Ratio	0.29	0.45	0.72	0.7	0.03	0.01	0.01	0.52	0.09	0.64
PAT to CFO Conversion(x)	-16	N/A	N/A	N/A	N/A	N/A	N/A	-19.67	N/A	-0.18
Working Capital Days
Receivable Days	222	164	93	75	2,007	2,842	2,256	31	112	92
Inventory Days	419	215	137	183	3,789	9,762	8,612	27	344	55
Payable Days	193	154	104	125	8,085	0	0	10	343	23

MIC Electronics Ltd Stock News

MIC Electronics Ltd FAQs

What is the share price of MIC Electronics?

Company share prices are keep on changing according to the market conditions. The closing price of MIC Electronics on 21-Nov-2024 16:59 is ₹83.23.

What is the market cap of MIC Electronics?

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 21-Nov-2024 16:59 the market cap of MIC Electronics stood at ₹2,016.1.

What is the P/E ratio of MIC Electronics?

The latest P/E ratio of MIC Electronics as of 21-Nov-2024 16:59 is 35.76.

What is the P/B ratio of MIC Electronics?

The latest P/B ratio of MIC Electronics as of 21-Nov-2024 16:59 is 9.33.

What is the 52-week high and low of MIC Electronics?

The 52-week high of MIC Electronics is ₹114.7 and the 52-week low is ₹31.95.

What is the TTM revenue of MIC Electronics?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of MIC Electronics is ₹62.37 ( Cr.) .

About MIC Electronics Ltd

MIC Electronics incorporated in 1988; is a global leader in designing, development and manufacturing of LED video displays, high-end electronic and telecommunication equipment and development of telecom software. These products are an integral part of sports stadiums, transportation hubs, digital theatres and theme parks, advertisements and public information displays.

MIC was incepted at Vijayawada, Andhra Pradesh by a group of talented professionals. Later in 1990 the company shifted its base. The company started its operation with electronic display systems. Later the company forayed into design and development of telecom products for wire line and wireless communication.

MIC has also been a pioneer in the development and implementation of a gamut of products and services in LED Displays, Telecom Software & IT services and Communication and Electronic products. It has many 'firsts' to its credit; for instance it is the first company to have the TEC approval for its indigenous telecom equipment 'Digital Loop Carrier'. MIC ventured into exports of its products and services in 1994 and began on-shore software development contracts in 2005. Its achievements are testimony to its expertise, profound market knowledge and zeal to innovate. MIC has received ISO-9001:2000 certification for its quality management system.

In international market, the company has direct presence in North American and Australian markets through its subsidiaries located at US and Australia. After acquiring InfoSTEP the company was further able to penetrate in the US markets. Globally the companyâ€™s offices are located at Sydney (Australia), Melbourne (Australia), Santaclara (California) and Seoul (Korea).

The company has clientele like Air India, BSNL, BHEL, LIC, MTNL, Indian railways, Procter & Gamble, L&T, IDBI Bank, Reliance Industries, Maruti Udyog are among others.

Products

LED Display products- Under this company manufacture products for indoor display, outdoor display, end-to end display solutions ad applications specific displays.

LED lighting products- MIC manufactures products for street lighting, railway lighting, solar lighting, industrial and commercial lighting and domestic lighting.

ICT products- MIC manufactures various applications and solutions in area of display, telecom switch, telecom network management, computer telephony solutions, wireless telephone products and wire-line telecom equipment.