---
title: "MIC Electronics Ltd (MICEL) — Share Price, Financials & Analysis"
symbol: "MICEL"
company: "MIC Electronics Ltd"
canonical: "https://tapetide.com/stocks/MICEL"
isin: "INE287C01037"
nse_symbol: "MICEL"
bse_code: "532850"
sector: "Capital Goods"
industry: "Industrial Products"
market_cap_cr: 864.03
generated_at: "2026-09-13T19:24:27.046Z"
---

# MIC Electronics Ltd (MICEL)

Canonical page: https://tapetide.com/stocks/MICEL

## Company

- **NSE Symbol:** MICEL
- **BSE Code:** 532850
- **ISIN:** INE287C01037
- **Sector:** Capital Goods
- **Industry:** Industrial Products
- **Macro Sector:** Industrials
- **Stock Type:** EQUITY
- **Listed Since:** 2021-12-17
- **CEO:** Mr. Rakshit Mathur
- **Employees:** 81
- **Face Value:** ₹2
- **F&O Eligible:** No
- **Website:** mic.co.in

## About

Incorporated in 1988, MIC Electronics Ltd is in the business of LED Products, Medical & other appliances, and Automobiles (EVs)[1]

## Latest Price

- **Price:** ₹35.49
- **Change:** -0.36 (-1%)
- **Open:** ₹35.49
- **Day High:** ₹35.49
- **Day Low:** ₹35.49
- **Previous Close:** ₹35.85
- **Volume:** 136226
- **As Of:** 2026-09-11T09:45:06+00:00

## Key Fundamentals

Observed at 2026-09-11T04:36:37.629465Z.

- **Market Cap:** ₹864.03 Cr
- **Classification:** Microcap
- **P/E (reported):** -87.4
- **EPS (TTM):** ₹-0.5
- **Book Value:** ₹7.64
- **Price to Book:** 4.69
- **Dividend Yield:** 0%
- **ROE:** -5.83%
- **ROCE:** 10.01%
- **Debt to Equity:** 0.2
- **Revenue (yearly):** ₹191.7 Cr
- **Net Income:** ₹-12.6 Cr
- **EBITDA:** ₹26.4 Cr
- **52-Week High:** ₹77.94
- **52-Week Low:** ₹29.97
- **RSI (14):** 41.33

## Tapetide Score

- **Score:** 45 / 100
- **Score date:** 2026-09-04
- **Archetype:** Weak and Under Pressure
- **What it means:** Weak financials are the defining feature, and neither the valuation nor the trend reading is strong enough to offset them. Worth reading the risk flags and recent filings closely before anything else.
- **Pillar profile:** Quality: Weak · Valuation: Expensive · Momentum: Falling
- **Percentile:** 28.3 (of 4473 scored stocks)
- **Confidence:** 93%
- **Data coverage:** 86%

| Pillar | Score | Weight |
| --- | --- | --- |
| financial health | 53.95 | 9% |
| growth | 98.9 | 9% |
| momentum | 35.29 | 12% |
| ownership | 64.86 | 24% |
| quality | 43.15 | 22% |
| valuation | 30.53 | 24% |

The Tapetide Score is decision-support only, not investment advice.

## Key Insights

### Strengths

- Company is expected to give good quarter

### Weaknesses

- Stock is trading at 3.96 times its book value
- Promoter holding has decreased over last quarter: -9.97%
- Company has a low return on equity of 10.7% over last 3 years.
- Company has high debtors of 375 days.

## Growth Rates

| Metric | QoQ | 1Y | 3Y | 5Y |
| --- | --- | --- | --- | --- |
| cash flow growth | — | 106.21% | 123.47% | 105.24% |
| ebitda margin growth | -67.15% | -31.46% | -45.51% | -17.05% |
| net income growth | 111.41% | -228.57% | -120.39% | -520% |
| revenue growth | -14.09% | 99.69% | 103% | 181% |
| roce | -72.48% | 33.47% | -36.81% | 8.43% |
| roe | -111.61% | -231.9% | 16.43% | -223.26% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 10.31 | 17.49 | 22.96 | 10.71 | 27.46 | 11.75 | 44.85 | 11.61 | 37.89 | 90.23 | 50.79 | 43.72 |
| Expenses | 7.32 | 14.9 | 17.55 | 8.12 | 23.82 | 8.3 | 36.49 | 7.5 | 34.08 | 86.26 | 37.44 | 39.46 |
| Operating Profit | 2.99 | 2.59 | 5.41 | 2.59 | 3.64 | 3.45 | 8.36 | 4.11 | 3.81 | 3.97 | 13.35 | 4.26 |
| OPM % | 29 | 14.81 | 23.56 | 24.18 | 13.26 | 29.36 | 18.64 | 35.4 | 10.06 | 4.4 | 26.28 | 9.74 |
| Other Income | 6.78 | 0.82 | 0.86 | 0.22 | 0.23 | 0.49 | 0.31 | 0.14 | 0.53 | 0.15 | 0.35 | 0.22 |
| Interest | 0.48 | 0.35 | 0.42 | 0.46 | 1.35 | 1.38 | 1.42 | 1.67 | 1.26 | 1.3 | 1.82 | 1.39 |
| Depreciation | 0.38 | 0.35 | 0.37 | 0.39 | 0.39 | 0.39 | 0.44 | 0.91 | 0.91 | 0.94 | 0.92 | 0.96 |
| Profit before tax | 8.91 | 2.71 | 5.48 | 1.96 | 2.13 | 2.17 | 6.81 | 1.67 | 2.17 | 1.88 | 10.96 | 2.13 |
| Tax % | 1.23 | 0 | -804.93 | 0 | 0 | 0 | 47.58 | 0 | 0 | 0 | 267.43 | 0 |
| Net Profit | 8.8 | 2.71 | 49.59 | 1.97 | 2.13 | 2.17 | 3.57 | 1.67 | 2.17 | 1.88 | -18.35 | 2.13 |
| EPS in Rs | 0.39 | 0.12 | 2.24 | 0.08 | 0.09 | 0.09 | 0.15 | 0.07 | 0.09 | 0.08 | -0.76 | 0.09 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 159 | 5 | 2 | 1 | 45 | 23 | 55 | 95 | 191 | 223 |
| Expenses | 163 | 25 | 19 | 3 | 38 | 21 | 42 | 76 | 165 | 197 |
| Operating Profit | -4 | -20 | -17 | -2 | 7 | 2 | 12 | 18 | 26 | 25 |
| OPM % | -2.7 | -407 | -919 | -150 | 15 | 7 | 23 | 19 | 13 | 11 |
| Other Income | -95 | 0 | 1 | 3 | 1 | 2 | 9 | 1 | 1 | 1 |
| Interest | 24 | 0 | 0 | 0 | 2 | 1 | 2 | 5 | 6 | 6 |
| Depreciation | 8 | 8 | 8 | 7 | 3 | 2 | 2 | 2 | 4 | 4 |
| Profit before tax | -132 | -27 | -24 | -5 | 3 | 0 | 18 | 13 | 17 | 17 |
| Tax % | 46 | 0 | 0 | 0 | 0 | 0 | -249 | 25 | 176 | — |
| Net Profit | -191 | -27 | -24 | -5 | 3 | 0 | 62 | 10 | -13 | -12 |
| EPS in Rs | -8.69 | -1.25 | -1.09 | -0.25 | 0.14 | 0.01 | 2.79 | 0.41 | -0.52 | -0.5 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | — |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 44 | 44 | 44 | 44 | 44 | 44 | 44 | 44 | 48 | 48 |
| Reserves | 69 | -121 | -148 | -172 | -39 | 18 | 19 | 78 | 174 | 168 |
| Borrowings | 104 | 117 | 117 | 135 | 33 | 8 | 17 | 12 | 48 | 44 |
| Other Liabilities | 125 | 160 | 165 | 154 | 27 | 4 | 8 | 7 | 43 | 94 |
| Total Liabilities | 342 | 200 | 178 | 161 | 65 | 75 | 87 | 141 | 314 | 354 |
| Fixed Assets | 93 | 90 | 82 | 75 | 46 | 47 | 43 | 26 | 47 | 46 |
| CWIP | 7 | 2 | 2 | 2 | 0 | 5 | 10 | 0 | 2 | 1 |
| Investments | 7 | 7 | 7 | 8 | 8 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 236 | 102 | 87 | 76 | 11 | 23 | 34 | 115 | 265 | 307 |
| Total Assets | 342 | 200 | 178 | 161 | 65 | 75 | 87 | 141 | 314 | 354 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | -22 | 33 | 0 | 1 | -146 | -58 | -5 | -13 | -49 | 3 |
| Cash from Investing Activity | -1 | 0 | 0 | -1 | 20 | -9 | -5 | 19 | -67 | -3 |
| Cash from Financing Activity | 22 | -33 | 0 | 0 | 126 | 66 | 10 | -5 | 122 | -6 |
| Net Cash Flow | -1 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 6 | -6 |
| Free Cash Flow | -23 | 33 | 0 | 1 | -123 | -66 | -9 | 3 | -73 | 1 |
| CFO/OP | -867 | -2147 | -2 | -4 | 8889 | -865 | -296 | -103 | -267 | 12 |

### Ratios

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 57 | 78 | 1466 | 1866 | 1326 | 11 | 45 | 169 | 324 | 375 |
| Inventory Days | 241 | 134 | 7084 | 30641 | 972 | 96 | 383 | 101 | 100 | 77 |
| Days Payable | 84 | 150 | 8344 | 37323 | 817 | 6 | 14 | 42 | 245 | 174 |
| Cash Conversion Cycle | 214 | 62 | 206 | -4815 | 1480 | 101 | 414 | 228 | 180 | 278 |
| Working Capital Days | -42 | -431 | -15613 | -43260 | -8167 | 108 | 161 | 234 | 314 | 202 |
| ROCE % | -1 | -8 | -102 | -242 | -24 | 9 | 1 | 12 | 9 | 9 |

## Shareholding Pattern

### Quarterly

| Category | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 74.63% | 74.59% | 67.51% | 66.46% | 66.46% | 66.48% | 62.06% | 58.01% | 55.52% | 51.7% | 51.57% | 41.73% |
| FIIs | 0% | 0% | 8.38% | 4.77% | 4.16% | 3.8% | 3.13% | 0.16% | 0.16% | 1.84% | 5.58% | 20.35% |
| DIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Government | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 19.6% | 20.15% | 19.2% | 23.47% | 24% | 24.47% | 29.24% | 36.69% | 39.51% | 41.81% | 38.12% | 30.89% |
| Others | 5.77% | 5.25% | 4.91% | 5.29% | 5.38% | 5.25% | 5.57% | 5.14% | 4.81% | 4.65% | 4.72% | 7.03% |
| No. of Shareholders | 67404 | 87335 | 106932 | 170707 | 180238 | 185677 | 189600 | 240201 | 233068 | 225366 | 219167 | 214987 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Strong Sell
- **Buy / Neutral / Sell:** 4 / 3 / 12

### Moving Averages — summary: **Strong Sell**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 37.2 | Sell |
| EMA (10) | 36.7 | Sell |
| SMA (20) | 37.16 | Sell |
| EMA (20) | 37.05 | Sell |
| SMA (50) | 37.2 | Sell |
| EMA (50) | 37.78 | Sell |
| SMA (100) | 40.37 | Sell |
| EMA (100) | 39 | Sell |
| SMA (200) | 40.09 | Sell |
| EMA (200) | 41.8 | Sell |

### Oscillators — summary: **Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 39.65 | Neutral |
| MACD (12,26,9) | -0.35 | Sell |
| Stochastic (14,3,3) | 4.05 | Buy |
| ADX (14) | 17.81 | Neutral |
| Williams %R (14) | -100 | Buy |
| ATR (14) | 1.01 | Neutral |
| ROC (12) | -5.84 | Sell |
| Stoch RSI (14) | 0.18 | Buy |
| UO (7,14,28) | 27.33 | Buy |

## Filings & Documents

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-09-04 | [Announcement under Regulation 30 (LODR)-Allotment](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=0f0791d2-db03-432f-b0f0-a76bad85b202.pdf) |
| 2026-09-02 | [Announcement Under Regulation 30 Of SEBI (LODR)](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=ac771350-46b4-4b45-8dc9-b57b255cef6b.pdf) |
| 2026-08-26 | [Intimation Under Regulation 30 Of The SEBI (Listing Obligations And Disclosure Requirements) Regulations 2015.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=8cbc10f0-8f42-4756-b234-2ca721b3622f.pdf) |
| 2026-08-24 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=347aa79b-4f73-42ff-a4d8-801dd30965fd.pdf) |
| 2026-08-22 | [Notice Of The 38Th Annual General Meeting And Annual Report For The FY 2025-26.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=f55eb7d7-180f-4f99-86e5-11b894157c4a.pdf) |
| 2026-08-22 | [Reg. 34 (1) Annual Report.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=c7d62528-e9e4-4778-9279-65db58e52d38.pdf) |
| 2026-08-14 | [Announcement under Regulation 30 (LODR)-Credit Rating](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=160a275c-d3eb-4097-86b8-61a1b3dd89e4.pdf) |
| 2026-08-03 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=3c951c63-e399-45bf-8d5b-9652294a42f9.pdf) |
| 2026-07-31 | [Board Meeting Outcome for Outcome Of The Board Meeting Held Today](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=d6dd0f5f-7814-489d-87cd-f423fbe6ba6b.pdf) |
| 2026-07-31 | [Announcement under Regulation 30 (LODR)-Resignation of Director](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=39eb96bb-51d8-41da-bf7e-0376a1d6d853.pdf) |

### Results & Financial Statements

| Date | Document |
| --- | --- |
| 2026-07-31 | [Unaudited Financial Results (Standalone & Consolidated) For The Quarter Ended June 30 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=a4b50954-ca5d-4c91-8cde-f197b16208c7.pdf) |
| 2026-04-25 | [Audited Financial Results For The Quarter And Year Ended March 31 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=d963b73a-10ae-409a-98fa-95cc76ebe92b.pdf) |
| 2026-01-31 | [Unaudited Standalone And Consolidated Financial Results For The Quarter And Nine Months Ended December 31 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=22195248-7577-4132-8ef2-75e26156fc29.pdf) |
| 2025-10-15 | [Results For The Q2 Of FY2025-26](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=221af0dd-1587-4cba-8ff7-362b9a3e8546.pdf) |
| 2025-07-04 | [Unaudited Financial Results For The Quarter Ended June 30 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=6e3e6c67-0cc1-47ed-b3d3-320c6db668b3.pdf) |
| 2025-05-22 | [Results](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=5d83e084-a65f-4265-87c7-628540e2515b.pdf) |
| 2025-02-12 | [Unaudited Standalone And Consolidated Financial Results For The Quarter And Nine Months Ended December 31 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=5ffd6acb-f425-40f5-95a2-4593e5d0ff69.pdf) |
| 2024-11-12 | [Unaudited Financial Results (Consolidated & Standalone) For The Q2 Of 2024-25](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=e9bf3d3d-2e5f-41b7-8816-5f6a4803ca75.pdf) |
| 2024-07-23 | [Unaudited Financial Results For The Quarter Ended June 30, 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=4b7b9e96-c989-4669-ac4c-636e9f95d027.pdf) |
| 2024-05-21 | [Results-Outcome Of The Board Meeting Held On Tuesday, May 21, 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=d4e7a7b2-8a95-4f34-a4c1-4210aad42af5.pdf) |

### Other Documents

| Date | Document |
| --- | --- |
| 9h - Board meeting on April 25, 2026 to approve FY26 audited standalone and consolidated results. | [Board Meeting Intimation for Consideration Of Audited Financial Results For The Quarter And Year Ended On March 31, 2026. 9h - Board meeting on April 25, 2026 to approve FY26 audited standalone and consolidated results.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/dc65b6d4-14a4-425c-995a-0ed81bde0f8a.pdf) |
| 9 Apr - Newspaper publication regarding the notice of the extraordinary general meeting of the Company. | [Announcement under Regulation 30 (LODR)-Newspaper Publication 9 Apr - Newspaper publication regarding the notice of the extraordinary general meeting of the Company.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/b990cfa4-cf6b-44e5-879b-4b2e9e6893f9.pdf) |
| 8 May - RRK Enterprise sold 54,97,316 MIC Electronics shares between Feb 18-May 7, 2026; holding fell to 44.90%. | [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%.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/A5321179_2608_49D6_BDD4_0F03228300E3_143147.pdf) |
| 8 May - MIC Electronics reports IPIS v2.0 for Indian Railways is progressing as planned, with architecture established. | [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.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/c4a046b9-fc92-4553-ae07-0d570352d8a3.pdf) |
| 7 Apr - EGM on April 29, 2026 to approve 89.65% Neo Semi SG acquisition and 5.69 crore shares issue. | [Notice Of Extra-Ordinary General Meeting Of The Company Scheduled To Be Held On Wednesday, April 29, 2026, At 11:45 AM At The Registered Office Of The Company. 7 Apr - EGM on April 29, 2026 to approve 89.65% Neo Semi SG acquisition and 5.69 crore shares issue.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/5be42ca1-7dae-4564-bf68-6b3b8c9ac7f3.pdf) |
| 5 May - MIC Electronics received Rs 3.78 crore order for lab furniture in Nava Raipur, executed over 12 months. | [Announcement under Regulation 30 (LODR)-Award_of_Order_Receipt_of_Order 5 May - MIC Electronics received Rs 3.78 crore order for lab furniture in Nava Raipur, executed over 12 months.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/57ef53fd-501a-4c80-b6af-180de7e534f8.pdf) |
| 31 Mar - Trading window closed from April 1, 2026 until 48 hours after audited FY2026 results. | [Closure of Trading Window 31 Mar - Trading window closed from April 1, 2026 until 48 hours after audited FY2026 results.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/bca6a926-21cd-4038-b2b7-93e4d41f31a1.pdf) |
| 30 Mar - Board approved 89.65% Neo acquisition for ₹357.60 Cr; preferential issue of 5.68 crore shares; EGM Apr 29, 2026. | [Announcement under Regulation 30 (LODR)-Diversification / Disinvestment 30 Mar - Board approved 89.65% Neo acquisition for ₹357.60 Cr; preferential issue of 5.68 crore shares; EGM Apr 29, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/00f9c047-3630-48a0-90a2-1a197a1a08a2.pdf) |
| 30 Mar - Approved acquisition of 89.65% Neo for ₹357.6 Cr; preferential issue ₹235.34 Cr; EGM April 29, 2026. | [Announcement under Regulation 30 (LODR)-Change in Directorate 30 Mar - Approved acquisition of 89.65% Neo for ₹357.6 Cr; preferential issue ₹235.34 Cr; EGM April 29, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/b44072e7-f46e-4d5e-aefd-f84a8491f707.pdf) |
| 30 Apr - Annual Secretarial Compliance Report for FY 2025-26; no deviations or fines reported. | [Compliances-Reg.24(A)-Annual Secretarial Compliance 30 Apr - Annual Secretarial Compliance Report for FY 2025-26; no deviations or fines reported.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/e7232d86-13a2-4379-b5ac-6e8543944973.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from nse | [Annual Report 2013 from nse](https://archives.nseindia.com/annual_reports/AR_2827_MIC_2012_2013_12112013142651.zip) |
| from bse | [Annual Report 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/6d679126-8f13-4dc5-be7b-60b3c7381f41.pdf) |
| from bse | [Annual Report 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/4abdd54a-8c09-46c3-a5a7-4333a9555a77.pdf) |
| from bse | [Annual Report 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/d2c33a5b-c072-4765-be96-03595c330705.pdf) |
| from bse | [Annual Report 2022 from bse](https://www.bseindia.com/bseplus/AnnualReport/532850/73870532850.pdf) |
| from bse | [Annual Report 2021 from bse](https://www.bseindia.com/bseplus/AnnualReport/532850/72798532850.pdf) |
| from bse | [Annual Report 2020 from bse](https://www.bseindia.com/bseplus/AnnualReport/532850/68179532850.pdf) |
| from bse | [Annual Report 2019 from bse](https://www.bseindia.com/bseplus/AnnualReport/532850/5328500319.pdf) |
| from bse | [Annual Report 2018 from bse](https://www.bseindia.com/bseplus/AnnualReport/532850/5328500318.pdf) |
| from bse | [Annual Report 2017 from bse](https://www.bseindia.com/bseplus/AnnualReport/532850/5328500317.pdf) |

---

Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T19:24:27.046Z.