MIC Electronics Ltd
MICEL NSE
MIC Electronics Ltd
Capital GoodsNSE: MICEL BSE: 532850 Industrial Products
Key Fundamentals
MicrocapIndustrial ProductsCapital GoodsMarket Cap
₹1,044 Cr
Volatility
Moderate
P/E Ratio
-81.4
EBITDA
₹25.24 Cr
Debt to Equity
0.17
Book Value
₹8.97
52W High
₹82.97
52W Low
₹29.97
Technical Indicators
Key Insights
Strengths
1- Company is expected to give good quarter
Weaknesses
4- Stock is trading at 4.75 times its book value
- Promoter holding has decreased over last quarter: -3.82%
- Company has a low return on equity of 10.7% over last 3 years.
- Company has high debtors of 375 days.
Growth Rate
Revenue Growth
98.46% ↗
Net Income Growth
70.20% ↗
Cash Flow Change
-278.17% ↘
ROE
-91.28% ↗
ROCE
-52.65% ↘
EBITDA Margin (Avg.)
-34.44% ↘
Quarterly Results
| Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 11 | 8 | 10 | 17 | 23 | 11 | 27 | 12 | 45 | 12 | 38 | 90 | 51 |
| Expenses | 9 | 6 | 7 | 15 | 18 | 8 | 24 | 8 | 36 | 8 | 34 | 86 | 37 |
| Operating Profit | 2 | 2 | 3 | 3 | 5 | 3 | 4 | 3 | 8 | 4 | 4 | 4 | 13 |
| OPM % | 22% | 25% | 29% | 15% | 24% | 24% | 13% | 29% | 19% | 35% | 10% | 4% | 26% |
| Other Income | 1 | 0 | 7 | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 |
| Interest | 0 | 1 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 2 | 1 | 1 | 2 |
| Depreciation | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 1 |
| PBT | 2 | 1 | 9 | 3 | 5 | 2 | 2 | 2 | 7 | 2 | 2 | 2 | 11 |
| Tax % | 0% | -1% | 1% | 0% | -805% | 0% | 0% | 0% | 48% | 0% | 0% | 0% | 267% |
| Net Profit | 2 | 1 | 9 | 3 | 50 | 2 | 2 | 2 | 4 | 2 | 2 | 2 | -18 |
| EPS in Rs | 0.11 | 0.06 | 0.39 | 0.12 | 2.24 | 0.08 | 0.09 | 0.09 | 0.15 | 0.07 | 0.09 | 0.08 | -0.76 |
Profit & Loss
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 150 | 207 | 218 | 159 | 5 | 2 | 1 | 45 | 23 | 55 | 95 | 191 |
| Expenses | 140 | 163 | 216 | 163 | 25 | 19 | 3 | 38 | 21 | 42 | 76 | 165 |
| Operating Profit | 11 | 44 | 2 | -4 | -20 | -17 | -2 | 7 | 2 | 12 | 18 | 25 |
| OPM % | 7% | 21% | 1% | -3% | -407% | -919% | -150% | 15% | 7% | 23% | 19% | 13% |
| Other Income | 4 | -193 | 2 | -95 | 0 | 1 | 3 | 1 | 2 | 9 | 1 | 1 |
| Interest | 7 | 0 | 29 | 24 | 0 | 0 | 0 | 2 | 1 | 2 | 5 | 6 |
| Depreciation | 8 | 8 | 8 | 8 | 8 | 8 | 7 | 3 | 2 | 2 | 2 | 4 |
| PBT | 0 | -157 | -32 | -132 | -27 | -24 | -5 | 3 | 0 | 18 | 13 | 17 |
| Tax % | -8900% | -29% | 9% | 46% | 0% | 0% | 0% | 0% | 0% | -249% | 25% | 176% |
| Net Profit | 2 | -111 | -35 | -191 | -27 | -24 | -5 | 3 | 0 | 62 | 10 | -13 |
| EPS in Rs | 0.15 | -6.67 | -1.58 | -8.69 | -1.25 | -1.09 | -0.25 | 0.14 | 0.01 | 2.79 | 0.41 | -0.52 |
| Div. Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Balance Sheet
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 24 | 33 | 44 | 44 | 44 | 44 | 44 | 44 | 44 | 44 | 48 | 48 |
| Reserves | 286 | 198 | 69 | -121 | -148 | -172 | -39 | 18 | 19 | 78 | 174 | 168 |
| Borrowings | 161 | 157 | 104 | 117 | 117 | 135 | 33 | 8 | 17 | 12 | 48 | 44 |
| Other Liabilities | 122 | 98 | 125 | 160 | 165 | 154 | 27 | 4 | 8 | 7 | 43 | 94 |
| Total Liabilities | 593 | 486 | 342 | 200 | 178 | 161 | 65 | 75 | 87 | 141 | 314 | 354 |
| Fixed Assets | 128 | 120 | 93 | 90 | 82 | 75 | 46 | 47 | 43 | 26 | 47 | 47 |
| CWIP | 17 | 17 | 7 | 2 | 2 | 2 | 0 | 5 | 10 | 0 | 2 | 0 |
| Investments | 6 | 7 | 7 | 7 | 7 | 8 | 8 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 442 | 341 | 236 | 102 | 87 | 76 | 11 | 23 | 34 | 115 | 265 | 307 |
| Total Assets | 593 | 486 | 342 | 200 | 178 | 161 | 65 | 75 | 87 | 141 | 314 | 354 |
Cash Flow
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | -32 | -22 | -22 | 33 | 0 | 1 | -146 | -58 | -5 | -13 | -49 | 0 |
| Investing | 11 | 0 | -1 | 0 | 0 | -1 | 20 | -9 | -5 | 19 | -67 | 0 |
| Financing | 21 | 0 | 22 | -33 | 0 | 0 | 126 | 66 | 10 | -5 | 122 | 0 |
| Net Cash Flow | 0 | -22 | -1 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 6 | 0 |
| Free Cash Flow | -23 | -22 | -23 | 33 | 0 | 1 | -123 | -66 | -9 | 3 | -73 | 0 |
| CFO/OP | -280 | 55 | -867 | -2,147 | -2 | -4 | 8,889 | -865 | -296 | -103 | -267 | 0 |
Ratios
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 262 | 167 | 57 | 78 | 1,466 | 1,866 | 1,326 | 11 | 45 | 169 | 324 | 375 |
| Inventory Days | 546 | 184 | 241 | 134 | 7,084 | 30,641 | 972 | 96 | 383 | 101 | 100 | 77 |
| Days Payable | 190 | 149 | 84 | 150 | 8,344 | 37,323 | 817 | 6 | 14 | 42 | 245 | 174 |
| Cash Conversion Cycle | 618 | 201 | 214 | 62 | 206 | -4,815 | 1,480 | 101 | 414 | 228 | 180 | 278 |
| Working Capital Days | 287 | 16 | -42 | -431 | -15,613 | -43,260 | -8,167 | 108 | 161 | 234 | 314 | 202 |
| ROCE % | 1% | 9% | -1% | -8% | -102% | -242% | -24% | 9% | 1% | 12% | 9% | 9% |
Documents
1
Update On Integrated Passenger Information System - IPIS V2.0
8 May - MIC Electronics reports IPIS v2.0 for Indian Railways is progressing as planned, with architecture established. 8 May - MIC Electronics reports IPIS v2.0 for Indian Railways is progressing as planned, with architecture established.
2
Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011
8 May - RRK Enterprise sold 54,97,316 MIC Electronics shares between Feb 18-May 7, 2026; holding fell to 44.90%. 8 May - RRK Enterprise sold 54,97,316 MIC Electronics shares between Feb 18-May 7, 2026; holding fell to 44.90%.
3
Compliances-Reg.24(A)-Annual Secretarial Compliance
30 Apr - Annual Secretarial Compliance Report for FY 2025-26; no deviations or fines reported. 30 Apr - Annual Secretarial Compliance Report for FY 2025-26; no deviations or fines reported.
5
Shareholder Meeting / Postal Ballot-Scrutinizer"s Report
29 Apr - EGM on April 29 approved Neo Semi Singapore acquisition, 56,873,418-share preferential issue, and director designation change. 29 Apr - EGM on April 29 approved Neo Semi Singapore acquisition, 56,873,418-share preferential issue, and director designation change.
Frequently Asked Questions about MIC Electronics Ltd
What does MIC Electronics Ltd do?
Incorporated in 1988, MIC Electronics Ltd is in the business of LED Products, Medical & other appliances, and Automobiles (EVs)[1]
Where is MIC Electronics Ltd (MICEL) listed?
MIC Electronics Ltd is listed on the Indian stock exchanges. It is listed on NSE: MICEL and BSE: 532850. You can view its live share price, financials, and ratios on Tapetide.
Which sector does MIC Electronics Ltd belong to?
MIC Electronics Ltd operates in the Capital Goods sector within the Industrial Products industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of MIC Electronics Ltd?
MIC Electronics Ltd has a market capitalisation of approximately ₹1043.82 Cr. Based on this, it is classified as a Small Cap stock.
What is the PE ratio of MIC Electronics Ltd?
The Price-to-Earnings (PE) ratio of MIC Electronics Ltd is -81.40. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of MIC Electronics Ltd?
Over the past 52 weeks, MIC Electronics Ltd has traded between a low of ₹29.97 and a high of ₹82.97. This range helps investors understand the stock's price volatility and recent trading levels.
How can I research MIC Electronics Ltd on Tapetide?
On Tapetide, you can view MIC Electronics Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.
Company Information
Incorporated in 1988, MIC Electronics Ltd is in the business of LED Products, Medical & other appliances, and Automobiles (EVs)[1]
Website mic.co.in
CEO Mr. Rakshit Mathur
Employees 81
Listed 2021-12-17
Face Value ₹ 2
Issued Size 24,10,11,560