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MIC Electronics share price

MIC Electronics Ltd.

NSE: MICEL BSE: 532850 SECTOR: Electric Equipment  100k   149   12

97.42
-0.73 (-0.74%)
NSE: 04 Oct 04:08 PM

Price Summary

Today's High

₹ 101.1

Today's Low

₹ 94.1

52 Week High

₹ 114.79

52 Week Low

₹ 30.4

FinStar

Ownership Stable
Ownership strength is slightly missing the benchmark.
ValuationAttractive
The stock is considerably attractive based on intrinsic value.
EfficiencyOptimal
The company could improve upon its asset employment.
FinancialsVery Stable
The company possesses stable growth history and manageable debt.
*It is just an analytical rating of the company and not an investment advice.

Company Essentials

Market Cap

2347.93 Cr.

Enterprise Value

2351.85 Cr.

No. of Shares

24.1 Cr.

P/E

37.53

P/B

15.1

Face Value

₹ 2

Div. Yield

0 %

Book Value (TTM)

₹  6.45

CASH

7.74 Cr.

DEBT

11.65 Cr.

Promoter Holding

67.51 %

EPS (TTM)

₹  2.6

Sales Growth

826.22%

ROE

189.38 %

ROCE

19.14%

Profit Growth

0 %

* 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 Year826.22%
3 Year268.6%
5 Year62.36%

Profit Growth

1 Year41238.44%
3 Year137.66%
5 Year33.56%

ROE%

1 Year189.38%
3 Year66.06%
5 Year39.63%

ROCE %

1 Year19.14%
3 Year9.82%
5 Year-188.1%

Debt/Equity

0.1833

Price to Cash Flow

-206.41

Interest Cover Ratio

10.7377

CFO/PAT (5 Yr. Avg.)

0

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Jun 2024 67.51 2.08
Mar 2024 74.59 2.04
Dec 2023 74.63 2.04
Sep 2023 74.63 1.3
Jun 2023 74.63 0
Investors List
* Figures given above are % of equity capital

 Strengths

  • The company has shown a good profit growth of 137.660751845687% for the Past 3 years.
  • The company has shown a good revenue growth of 268.600625920926% for the Past 3 years.
  • Company has been maintaining healthy ROE of 66.0573333333333% over the past 3 years.
  • Company has a healthy Interest coverage ratio of 10.7377.
  • Company has a healthy liquidity position with current ratio of 3.317.
  • The company has a high promoter holding of 67.51%.

 Limitations

  • Company has negative cash flow from operations of -11.375.
  • Tax rate is low at -248.7137.
  • The company has a low EBITDA margin of -203.085700664559% over the past 5 years.
  • The company is trading at a high EV/EBITDA of 155.8174.

Quarterly Result (All Figures in Cr.)

PARTICULARS Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024
Net Sales 7.02 7.1 17.49 22.96 10.72
Total Expenditure 5.07 4.76 14.89 17.55 8.12
Operating Profit 1.95 2.34 2.6 5.41 2.6
Other Income 0.17 0.14 0.82 0.86 0.22
Interest 0.42 0.44 0.36 0.42 0.46
Depreciation 0.47 0.36 0.35 0.37 0.39
Exceptional Items 0 6.62 0 0 0
Profit Before Tax 1.24 8.3 2.71 5.49 1.97
Tax 0 0 0 -44.11 0
Profit After Tax 1.24 8.3 2.71 49.59 1.97
Adjusted EPS (Rs) 0.06 0.37 0.12 2.24 0.08

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

PARTICULARS Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Net Sales 1.86 1.09 31.14 5.89 54.57
Total Expenditure 18.94 2.73 25.46 5.1 42.09
Operating Profit -17.08 -1.64 5.68 0.79 12.48
Other Income 1 3.14 1.19 1.91 1.99
Interest 0.32 0.09 1.45 0.51 1.82
Depreciation 7.53 6.82 2.61 2.04 1.54
Exceptional Items 0 0 0 0 6.62
Profit Before Tax -23.94 -5.41 2.81 0.15 17.73
Tax 0 0 0 0 -44.11
Net Profit -23.94 -5.41 2.81 0.15 61.84
Adjusted EPS (Rs.) -1.09 -0.25 0.13 0.01 2.79

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity and Liabilities
Share Capital 44.05 44.05 44.29 44.29 44.29
Total Reserves -179.4 -46.28 15.68 15.83 77.67
Borrowings 0 26.08 0 0 0.16
Other N/C liabilities 2.15 0 0.07 0.16 -43.88
Current liabilities 285.34 32.9 3.39 13.02 18.41
Total Liabilities 152.14 56.75 63.43 73.29 96.65
Assets
Net Block 74.61 46.33 43.79 41.08 25.87
Capital WIP 1.83 0 0 0.02 0
Intangible WIP 0 0 0 2.75 0.1
Investments 0 0 3.33 3.33 0
Loans & Advances 9.15 0.53 0.26 0.93 4.88
Other N/C Assets 0 0.1 0.02 0.72 4.73
Current Assets 66.55 9.8 16.02 24.46 61.08
Total Assets 152.14 56.75 63.43 73.29 96.65
* Other Non-current Liabilities include Net deferred Liabilities

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Profit from operations -23.94 -5.41 2.81 0.15 17.73
Adjustment 7.8 9.95 3.42 1.53 2.37
Changes in Assets & Liabilities 16.37 -150 -64.1 -9.69 -73.94
Tax Paid 0 -0.69 0 0 44.11
Operating Cash Flow 0.03 -146.24 -59.01 -8.51 -11.38
Investing Cash Flow -0.07 20.25 0.26 -1.09 17.16
Financing Cash Flow 0.03 126.05 58.77 9.81 -5.23
Net Cash Flow -0.01 0.06 0.02 0.21 0.56

Corporate Actions

Investors Details

PARTICULARS Jun 2023% Sep 2023% Dec 2023% Mar 2024% Jun 2024%
promoters 74.63 74.63 74.63 74.59 67.51
rrk enterprise private li... 67.21 - - - 60.73
siva lakshmana rao kakara... - - - - 6.78
r r k enterprise private ... - - - 67.21 -
siva lakshmanarao kakaral... 7.42 - - 7.38 -
kakarala siva lakshmana r... - 7.42 7.42 - -
r r k enterprise pvt ltd - 67.21 67.21 - -
PARTICULARS Jun 2023% Sep 2023% Dec 2023% Mar 2024% Jun 2024%
investors 25.37 25.37 25.37 25.41 32.49
antara india green energy... - - - - 1.80
coeus global opportunitie... - - - - 3.61
minerva ventures fund - - - - 2.71
arkay energy (rameswarm) ... 1.02 1.02 1.02 1.02 -
malaxmi infra ventures in... - - - 1.10 -
malaxmi property ventures... 1.58 1.58 1.49 - -

Annual Reports

Ratings & Research Reports

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Company Presentations

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Company News

MIC Electronics informs about receipt of order 10 Sep 2024, 5:27PM MIC Electronics receives LoA from Salem Division of Southern Railway Zone10 Sep 2024, 12:15PM MIC Electronics bags LoA worth Rs 2.54 crore26 Aug 2024, 2:50PM MIC Electronics informs about disclosure24 Jul 2024, 12:15PM MIC Electronics develops GPS based PA, PIS & LED destination boards24 Jul 2024, 11:29AM MIC Electronics - Quaterly Results23 Jul 2024, 6:25PM MIC Electronics - Quaterly Results23 Jul 2024, 6:25PM MIC Electronics - Quaterly Results23 Jul 2024, 6:25PM MIC Electronics informs about board meeting16 Jul 2024, 5:22PM Mic Electronics informs about clarification5 Jul 2024, 2:53PM MIC Electronics gets LoA worth Rs 3.04 crore10 Jun 2024, 3:28PM MIC Electronics - Quaterly Results21 May 2024, 1:50PM MIC Electronics - Quaterly Results21 May 2024, 1:50PM MIC Electronics - Quaterly Results21 May 2024, 1:50PM MIC Electronics receives LoA worth Rs 1.47 crore14 May 2024, 2:08PM 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 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 determine a company's true net worth. This is generally done by examining the company's profit and loss account, balance sheet and cash flow statement, which can be time-consuming and cumbersome.

Examining a company's financial ratios is an easier way to determine its performance, which can help to make sense of the overwhelming amount of information in its financial statements. 

Here are a few indispensable ratios that should be a part of every investor’s research process, or, in simpler words, how to analyse MIC Electronics . 

  • PE ratio: Price to Earnings ratio, which indicates how much an investor is willing to pay for a share for every rupee of earnings. 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 37.5269645608629 which is high and comparatively overvalued .

  • Share Price: - The current share price of MIC Electronics is Rs 97.42. 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 72.7739 % which is a good 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 3.317 .

  • 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 189.3837 % .(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 Debt to Equity ratio of 0.1833 which means that the company has low proportion of debt in its capital.

  • Sales growth: - MIC Electronics has reported revenue growth of 826.2211 % which is fair 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 22.8757595080513 %.

  • 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 %.

  • Earnings Per Share: - It tells us how much profit is allocated to to each outstanding share of a common stock. The latest EPS of MIC Electronics is Rs 2.596 . The higher the EPS, the better it is for investors. 

One can find all the Financial Ratios of MIC Electronics in Ticker for free. Also, one can get the intrinsic value of MIC Electronics by using Valuation Calculators, which are available with a Finology ONE subscription. 

Last Updated on:
Brief about MIC Electronics
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