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MIC Electronics Ltd

MICEL

MIC Electronics Ltd

MICEL
IndustrialsElectrical Components & Equipments
SmallcapWith a market cap of ₹2,236 cr, stock is ranked 1,110
High RiskStock is 3.99x as volatile as Nifty
88.621.96% (-1.77)
88.621.96% (-1.77)

Price Chart

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1D
1W
1M
1Y
5Y
Max
SIP
IndustrialsElectrical Components & Equipments
SmallcapWith a market cap of ₹2,236 cr, stock is ranked 1,110
High RiskStock is 3.99x as volatile as Nifty
Scorecard

Performance

Low

Hasn't fared well - amongst the low performers

Valuation

High

Seems to be overvalued vs the market average

Growth

Avg

Financials growth has been moderate for a few years

Profitability

High

Showing good signs of profitability & efficiency

Entry point

Avg

The stock is not in the overbought zone

Red flags

Avg

The stock has a moderate number of red flags

How to use scorecard? Learn more

IndustrialsElectrical Components & Equipments
SmallcapWith a market cap of ₹2,236 cr, stock is ranked 1,110
High RiskStock is 3.99x as volatile as Nifty

Key Metrics

No LabelNo LabelPB RatioPB RatioDividend YieldDiv. Yield
161.1018.33
Sector PESector PESector PBSector PBSector Div YldSctr Div Yld
51.337.400.53%

Forecast & Ratings

Detailed Forecast 
Forecast data is currently unavailable for this stock

Price

Price Upside

Earnings

Earnings Growth

Revenue

Rev. Growth

See Detailed Forecast

Company Profile

MIC Electronics Limited is engaged in manufacturing electric lighting equipment. The Company is engaged in the business of light emitting diode (LED) displays and LED lighting.

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Forecasts

Price

Revenue

Earnings

Income

Balance Sheet

Cash Flow

Income Statement

Industry refers to the sub-sector this company belongs to.

Higher than Industry Revenue Growth

A higher-than-industry revenue growth represents increased potential for the company to increase their market share

Over the last 5 years, revenue has grown at a yearly rate of 62.95%, vs industry avg of 9.14%

Increasing Market Share

Market share is the percentage of an industry's total sales going to a particular company. It gives a general idea of the size of a company v/s its competitors

Over the last 5 years, market share increased from 0.01% to 0.07%

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Financial YearFY 2016FY 2017FY 2018FY 2019FY 2020FY 2021FY 2022FY 2023FY 2024TTM
Total Revenue221.03233.02159.795.502.864.2332.337.8063.1864.18
Raw Materialssubtract191.19210.48163.542.250.290.1919.655.6926.8845.42
Power & Fuel Costsubtract0.350.290.330.210.050.030.100.180.53
Employee Costsubtract3.074.645.263.512.380.631.901.985.12
Selling & Administrative Expensessubtract15.6018.648.522.211.501.202.571.543.08
Operating & Other expensessubtract159.69-5.4981.4416.6514.720.691.24-4.296.49
Depreciation/Amortizationsubtract7.517.817.757.667.536.822.612.041.541.71
Interest & Other Itemssubtract0.4728.5224.420.490.320.091.450.511.822.83
Taxes & Other Itemssubtract-45.982.9059.850.000.000.000.000.00-44.110.34
EPS-7.78-1.80-8.69-1.25-1.09-0.250.130.012.790.63
DPS0.000.000.000.000.000.000.000.000.000.00
Payout ratio0.000.000.000.000.000.000.000.000.000.00

Company Updates

Annual Report and Investor Presentation updates mentioned here are as reported by the company to the exchange

Peers & Comparison

Comparing 3 stocks from 
IndustrialsElectrical Components & Equipments

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StockPE RatioPE RatioPB RatioPB RatioDiv. YieldDividend Yield
MIC Electronics Ltd36.1718.33
Polycab India Ltd62.7513.580.40%
Havells India Ltd84.3214.390.53%
Kaynes Technology India Ltd221.9416.35

Price Comparison

Compare MICEL with any stock or ETF
Compare MICEL with any stock or ETF
MICEL
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Shareholdings

Promoter Holdings Trend

Decreased Total Promoter Holding

Increasing promoter holding is considered good and reflects management’s positive view about the future outlook

In last 6 months, promoter holding in the company has decreased by 8.13%

Low Pledged Promoter Holding

Lower pledged promoter holdings is considered better

Pledged promoter holdings is insignificant

Institutional Holdings Trend

Increased Total Retail Holding

Increasing retail holding can be considered bad as it can reflect that institutions and promoters are selling their stake which is being absorbed by retail investors.

In last 3 months, retail holding in the company has increased by 4.21%

Decreased Foreign Institutional Holding

Foreign Institutional Holding is quantum of stock held by foreign large-quantities-trading entities. Increasing value indicates growing support and comfort for the stock

In last 3 months, foreign institutional holding of the company has decreased by 3.61%

Tickertape Separator

Shareholding Pattern

Retail and OthersForeign InstitutionsOther Domestic InstitutionsMutual FundsTotal Promoter Holding66.46%0.00%0.00%4.77%28.77%

Dec 2023

Mar 2024

Jun 2024

Sep 2024

Shareholding History

JunSepDec '23MarJunSep0.00%0.00%0.00%0.00%8.38%4.77%

Insider Trades & Bulk Deals

Hmm, looks like there hasn't been any net deal activity in the last 6 months

smallcases

Looks like this stock is not in any smallcase yet.

Events

Dividend Trend

No Dividends

Dividends are the portion of earnings that a company distributes to all its shareholders every year

MICEL has not given any dividends in last 5 years

Dividends

Corp. Actions

Announcements

Legal Orders

Dividends

Hmm, looks like data is unavailable here. Please come back after some time
News & Opinions
Earnings
MIC Electronics consolidated net profit declines 75.12% in the September 2024 quarter

Net profit of MIC Electronics declined 75.12% to Rs 2.13 crore in the quarter ended September 2024 as against Rs 8.56 crore during the previous quarter ended September 2023. Sales rose 166.34% to Rs 27.46 crore in the quarter ended September 2024 as against Rs 10.31 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales27.4610.31 166 OPM %13.2629.00 - PBDT2.522.67 -6 PBT2.132.29 -7 NP2.138.56 -75 Powered by Capital Market - Live

4 weeks agoCapital Market - Live
Corporate
MIC Electronics to hold board meeting

MIC Electronics will hold a meeting of the Board of Directors of the Company on 12 November 2024Powered by Capital Market - Live

1 month agoCapital Market - Live
Corporate
MIC Electronics wins order from Malda Division, Eastern Railway

MIC Electronics has received a Letter of Acceptance from the Malda Division of the Eastern Railway Zone for the provision of CIB at PF 1, 2 & 3 of abhaipur station of Malda Division, Eastern Railway. The aggregate value of the said work order is Rs. 1.21 crore. Powered by Capital Market - Live

2 months agoCapital Market - Live
Corporate
MIC Electronics to hold board meeting

MIC Electronics will hold a meeting of the Board of Directors of the Company on 15 October 2024Powered by Capital Market - Live

2 months agoCapital Market - Live
Corporate
MIC Electronics wins order of Rs 1.33 cr

MIC Electronics has received a Letter of Acceptance from the Salem Division of the Southern Railway Zone for the provision of Telecom based passenger amenities at SGE, SA and provision of FIOSNET at ELS, Erode. The aggregate value of the said order is Rs 1.33 crore. Powered by Capital Market - Live

3 months agoCapital Market - Live
Corporate
MIC Electronics receives LoA of Rs 2.54 cr from Northern Railway Zone

MIC Electronics has received a Letter of Acceptance from the Lucknow Division of the Northern Railway Zone for the provision of Integrated Passenger Information System at PRG, PYGS, and PFM Stations in c/w Mahakumbh-2025. The aggregate value of the said work order is Rs. 2.54 crore. Powered by Capital Market - Live

3 months agoCapital Market - Live
Corporate
MIC Electronics director resigns

MIC Electronics announced that Subhash Lingareddy Somod (DIN: 09501374), Independent Director of the Company, has submitted his resignation letter dated 17 August 2024.Powered by Capital Market - Live

3 months agoCapital Market - Live

MIC Electronics develops GPS based PA, PIS and LED destination boards

4 months agoBusiness Standard
Corporate
MIC Electronics develops GPS based PA, PIS and LED destination boards

MIC Electronics announced that the company has developed GPS (Global Positioning System) Based Public Address System (PA), Passenger Information System (PIS) (PAPIS) & LED Destination boards for New and existing LHB/ICF type AC and Non AC Coaches including Pantry Car and Power Car as per the Research Designs and Standards Organization (RDSO) Spec. No. RDSO/CG-18001 (Rev.2) and applied for Capacity Cum Capability Assessment (CCA).Powered by Capital Market - Live

4 months agoCapital Market - Live

MIC Electronics standalone net profit rises 58.87% in the June 2024 quarter

4 months agoBusiness Standard