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MIC Electronics share price

MIC Electronics Ltd.

NSE: MICEL BSE: 532850 SECTOR: Electric Equipment  51k   79   6

48.25
+3.45 (7.70%)
NSE: 23 Apr 04:02 PM

Price Summary

Today's High

₹ 48.85

Today's Low

₹ 46

52 Week High

₹ 53.65

52 Week Low

₹ 12.15

FinStar

Ownership Below Par
Stock price may face volatility due to ownership structure.
ValuationExpensive
The stock is at a premium valuation at this point.
EfficiencyPoor
The company seems highly inefficient in case of asset management.
FinancialsAverage
The company could improve upon its asset employment.
*It is just an analytical rating of the company and not an investment advice.

Company Essentials

Market Cap

1068.48 Cr.

Enterprise Value

1078.13 Cr.

No. of Shares

22.14 Cr.

P/E

72.79

P/B

14.76

Face Value

₹ 2

Div. Yield

0 %

Book Value (TTM)

₹  3.27

CASH

0.91 Cr.

DEBT

10.56 Cr.

Promoter Holding

74.59 %

EPS (TTM)

₹  0.66

Sales Growth

-81.08%

ROE

8.79 %

ROCE

0.99%

Profit Growth

-94.82 %

* Total debt includes long term borrowing, short term borrowing plus current maturities of long-term borrowing
* Ratios are based on latest Audited Financial Result.

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Price Chart 1d 1w 1m 3m 6m 1Yr 3Yr 5Yr

 

Volume Chart 1d 1w 1m 3m 6m 1Yr 3Yr 5Yr

* Prices are based on daily market changes.
* The chart is based on the standalone earnings of the company. * Negative values and values more than 1000x in PE chart is considered 0.

Peer Comparison

View Full Peer Comparison
* The Peers list includes companies operating in the same industry and having comparable market cap.

 Group Companies

Track the companies of Group.

Ratios

Sales Growth

1 Year-81.08%
3 Year46.91%
5 Year-48.24%

Profit Growth

1 Year-94.68%
3 Year26.12%
5 Year14.88%

ROE%

1 Year8.79%
3 Year2.93%
5 Year1.76%

ROCE %

1 Year0.99%
3 Year-8.43%
5 Year-219.61%

Debt/Equity

6.0989

Price to Cash Flow

-125.48

Interest Cover Ratio

1.28712285545257

CFO/PAT (5 Yr. Avg.)

0

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Mar 2024 74.59 2.04
Dec 2023 74.63 2.04
Sep 2023 74.63 1.3
Jun 2023 74.63 0
Mar 2023 74.63 0
Investors List
* Figures given above are % of equity capital

 Strengths

  • The company has shown a good profit growth of 26.1197099204196% for the Past 3 years.
  • The company has shown a good revenue growth of 46.9076198835629% for the Past 3 years.
  • The company has a high promoter holding of 74.59%.

 Limitations

  • Company has a poor ROE of 2.92943010914942% over the past 3 years.
  • Company has a poor ROCE of -8.43419240023852% over the past 3 years
  • Company has high Debt to Equity ratio of 6.0989.
  • Company has negative cash flow from operations of -8.5149.
  • Tax rate is low at 0.
  • The company has a low EBITDA margin of -289.099343232733% over the past 5 years.
  • The company is trading at a high PE of 72.79.
  • The company is trading at a high EV/EBITDA of 97.271.

Quarterly Result (All Figures in Cr.)

PARTICULARS Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
Net Sales 1.24 2.96 7.02 7.1 17.49
Total Expenditure 2.04 0.68 5.07 4.76 14.89
Operating Profit -0.8 2.28 1.95 2.34 2.6
Other Income 0.54 0.77 0.17 0.14 0.82
Interest 0.19 0.11 0.42 0.44 0.36
Depreciation 0.51 0.51 0.46 0.36 0.35
Exceptional Items 0 0 0 6.62 0
Profit Before Tax -0.96 2.43 1.24 8.3 2.71
Tax 0 0 0 0 0
Profit After Tax -0.96 2.43 1.24 8.3 2.71
Adjusted EPS (Rs) -0.04 0.11 0.06 0.37 0.12

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Net Sales 4.84 1.86 1.09 31.14 5.89
Total Expenditure 24.54 18.94 2.73 25.46 5.1
Operating Profit -19.7 -17.08 -1.64 5.68 0.79
Other Income 0.66 1 3.14 1.19 1.91
Interest 0.49 0.32 0.09 1.45 0.51
Depreciation 7.66 7.53 6.82 2.61 2.04
Exceptional Items -0.28 0 0 0 0
Profit Before Tax -27.48 -23.94 -5.41 2.81 0.15
Tax 0 0 0 0 0
Net Profit -27.48 -23.94 -5.41 2.81 0.15
Adjusted EPS (Rs.) -1.25 -1.09 -0.25 0.13 0.01

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Equity and Liabilities
Share Capital 44.05 44.05 44.05 44.29 44.29
Total Reserves -155.46 -179.4 -46.28 15.68 15.83
Borrowings 0 0 26.08 0 0
Other N/C liabilities 2.15 2.15 0 0.07 0.16
Current liabilities 279.49 285.34 32.9 3.39 13.02
Total Liabilities 170.22 152.14 56.75 63.43 73.29
Assets
Net Block 82.14 74.61 46.33 43.79 41.08
Capital WIP 1.83 1.83 0 0 0.02
Intangible WIP 0 0 0 0 2.75
Investments 0 0 0 3.33 3.33
Loans & Advances 11.45 9.15 0.53 0.26 1
Other N/C Assets 0.3 0 0.1 0.02 0.66
Current Assets 74.52 66.55 9.8 16.02 24.46
Total Assets 170.22 152.14 56.75 63.43 73.29
* Other Non-current Liabilities include Net deferred Liabilities

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Profit from operations -27.48 -23.94 -5.41 2.81 0.15
Adjustment 7.64 7.8 9.95 3.42 1.52
Changes in Assets & Liabilities 19.89 16.37 -150 -64.1 -9.69
Tax Paid 0 0 -0.69 0 0
Operating Cash Flow -0.01 0.03 -146.24 -59.01 -8.51
Investing Cash Flow 0.08 -0.07 20.25 0.26 -1.09
Financing Cash Flow -0.07 0.03 126.05 58.77 9.81
Net Cash Flow 0 -0.01 0.06 0.02 0.21

Corporate Actions

Investors Details

PARTICULARS Mar 2023% Jun 2023% Sep 2023% Dec 2023% Mar 2024%
promoters 74.63 74.63 74.63 74.63 74.59
r r k enterprise private ... - - - - 67.21
siva lakshmanarao kakaral... 7.42 7.42 - - 7.38
kakarala siva lakshmana r... - - 7.42 7.42 -
r r k enterprise pvt ltd - - 67.21 67.21 -
rrk enterprise private li... 67.21 67.21 - - -
PARTICULARS Mar 2023% Jun 2023% Sep 2023% Dec 2023% Mar 2024%
investors 25.37 25.37 25.37 25.37 25.41
arkay energy (rameswarm) ... - 1.02 1.02 1.02 1.02
malaxmi infra ventures in... - - - - 1.10
malaxmi property ventures... 1.58 1.58 1.58 1.49 -
arkay energy (rameswaram)... 1.02 - - - -

Annual Reports

Ratings & Research Reports

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Company Presentations

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Company News

MIC Electronics informs about letter of acceptance6 Mar 2024, 11:24AM MIC Electronics receives LoA from Mysuru Division of South - Western Railway Zone6 Mar 2024, 11:12AM MIC Electronics develops EV battery charger for e-cycles, two-wheelers16 Feb 2024, 12:29PM MIC Electronics - Quaterly Results6 Feb 2024, 1:24PM MIC Electronics - Quaterly Results6 Feb 2024, 1:24PM MIC Electronics - Quaterly Results6 Feb 2024, 1:24PM MIC Electronics informs about certificate6 Jan 2024, 2:46PM Mic Electronics submits board meeting intimation29 Dec 2023, 5:06PM MIC Electronics disposes investment in Bikewo Green Tech13 Nov 2023, 4:58PM MIC Electronics informs about disinvestment11 Nov 2023, 3:15PM MIC Electronics - Quaterly Results11 Nov 2023, 12:00PM MIC Electronics receives LoA from Hyderabad Division of South - Central Railway Zone17 Oct 2023, 9:58AM MIC Electronics receives LoA from Hyderabad Division of South - Central Railway Zone 17 Oct 2023, 9:21AM MIC Electronics bags order for enhancement of passenger amenities12 Oct 2023, 4:42PM MIC Electronics receives Letter of Acceptance from Kota Division of West - Central Railway Zone6 Oct 2023, 9:42AM MIC Electronics gets LoA worth Rs 1.56 crore 29 Sep 2023, 2:58PM MIC Electronics gets nod to raise funds up to Rs 90 crore through QIP7 Sep 2023, 12:59PM MIC Electronics gets LoA from Nagpur Division of Central Railway Zone14 Aug 2023, 10:22AM SJVN, Surya Roshni and MIC Electronics to see some action today 14 Aug 2023, 8:34AM MIC Electronics gets LoA worth Rs 3.56 crore24 Jul 2023, 4:00PM MIC Electronics - Quaterly Results20 Jul 2023, 1:14PM MIC Electronics - Quaterly Results20 Jul 2023, 1:14PM MIC Electronics - Quaterly Results20 Jul 2023, 1:14PM MIC Electronics informs about board meeting13 Jul 2023, 2:23PM MIC Electronics gets LoA worth Rs 4.39 crore30 Jun 2023, 2:07PM MIC Electronics gets LOA worth Rs 5.13 crore 26 Jun 2023, 2:04PM MIC Electronics gets LoA worth Rs 5.67 crore16 Jun 2023, 10:30AM MIC Electronics bags LoA worth Rs 3.97 crore13 Jun 2023, 2:43PM MIC Electronics gets LoA worth Rs 8.37 crore12 Jun 2023, 2:14PM MIC Electronics gets LoA from Sonpur Railway Division9 Jun 2023, 2:55PM MIC Electronics gets LoA worth Rs 1.66 crore9 Jun 2023, 2:12PM MIC Electronics gets LoA from Secunderabad Railway Division1 Jun 2023, 9:28AM MIC Electronics gets LoA from Mumbai Railway Division of Western Railway zone27 May 2023, 4:04PM MIC Electronics - Quaterly Results26 May 2023, 4:49PM MIC Electronics - Quaterly Results26 May 2023, 4:49PM MIC Electronics receives LoA from Secunderabad Division of South-Central Railway zone 24 May 2023, 3:30PM MIC Electronics gets LoA from Rajkot Division of Western Railway zone4 May 2023, 2:28PM MIC Electronics gets LoA worth Rs 5.67 crore27 Apr 2023, 3:35PM MIC Electronics receives LoA from Samastipur Division of East Central Railway zone26 Apr 2023, 2:59PM MIC Electronics informs about certificate11 Apr 2023, 4:36PM MIC Electronics - Quaterly Results14 Feb 2023, 12:57PM MIC Electronics secures tender from Jabalpur Division of West Central Railway18 Jan 2023, 6:15PM MIC Electronics informs about receipt of letter of acceptance 18 Jan 2023, 3:18PM Mic Electronics informs about award of order19 Dec 2022, 1:45PM MIC Electronics secures tender from Rajkot Division - Western Railway19 Dec 2022, 12:58PM MIC Electronics secures tender from Kharagpur Division - South Eastern Railway 9 Dec 2022, 2:57PM MIC Electronics inks MoU with Interactive Fully Electrical Vehicles8 Dec 2022, 4:46PM MIC Electronics secures tender from Kharagpur Division - South Eastern Railway8 Dec 2022, 3:00PM MIC Electronics secures tender for provisions of telecom passenger amenities in Delhi6 Dec 2022, 10:19AM MIC Electronics informs about newspaper publication5 Dec 2022, 12:56PM

MIC Electronics Stock Price Analysis and Quick Research Report. Is MIC Electronics an attractive stock to invest in?

 

Stock investing requires careful analysis of financial data to find out the company's true net worth. This is generally done by examining the company's profit and loss account, balance sheet and cash flow statement. This can be time-consuming and cumbersome. An easier way to find out about a company's performance is to look at its financial ratios, which can help to make sense of the overwhelming amount of information that can be found in a company's financial statements.

Here are the few indispensable tools that should be a part of every investor’s research process.

  • PE ratio: - Price to Earnings' ratio, which indicates for every rupee of earnings how much an investor is willing to pay for a share. A general rule of thumb is that shares trading at a low P/E are undervalued (it depends on other factors too). MIC Electronics has a PE ratio of 72.7862422688188 which is high and comparatively overvalued .

  • Share Price: - The current share price of MIC Electronics is Rs 48.25. One can use valuation calculators of ticker to know if MIC Electronics share price is undervalued or overvalued.

  • Return on Assets (ROA): - Return on Assets measures how effectively a company can earn a return on its investment in assets. In other words, ROA shows how efficiently a company can convert the money used to purchase assets into net income or profits. MIC Electronics has ROA of 0.212983821421257 % which is a bad sign for future performance. (higher values are always desirable)

  • Current ratio: - The current ratio measures a company's ability to pay its short-term liabilities with its short-term assets. A higher current ratio is desirable so that the company could be stable to unexpected bumps in business and economy. MIC Electronics has a Current ratio of 1.87887378044096 .

  • Return on equity: - ROE measures the ability of a firm to generate profits from its shareholders investments in the company. In other words, the return on equity ratio shows how much profit each rupee of common stockholders’ equity generates. MIC Electronics has a ROE of 8.78829032744826 % .(higher is better)

  • Debt to equity ratio: - It is a good metric to check out the capital structure along with its performance. MIC Electronics has a D/E ratio of 6.0989 which means that the company has high proportion of debt in its capital.

  • Inventory turnover ratio: - Inventory Turnover ratio is an activity ratio and is a tool to evaluate the liquidity of a company's inventory. It measures how many times a company has sold and replaced its inventory during a certain period of time. MIC Electronics has an Inventory turnover ratio of 1.06247126177704 which shows that the management is inefficient in relation to its Inventory and working capital management.

  • Sales growth: - MIC Electronics has reported revenue growth of -81.0789634244244 % which is poor in relation to its growth and performance.

  • Operating Margin: - This will tell you about the operational efficiency of the company. The operating margin of MIC Electronics for the current financial year is 13.4347102949662 %.

  • Dividend Yield: - It tells us how much dividend we will receive in relation to the price of the stock. The current year dividend for MIC Electronics is Rs 0 and the yield is 0 %.

 

Last Updated on:
Brief about MIC Electronics
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