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MIC Electronics Ltd. Stock Analysis

Small Cap
Evaluated by 624 users | BSE: 532850 | NSE: MIC |
Electric Equipment
MIC Electronics incorporated in 1988; is a global leader in designing, development and manufacturing of LED video displays, high-end electronic and telecommunication equipment and development of telecom software. These products are an integral part of sports stadiums, transportation hubs,...

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Value Creation
 Jun'10Jun'11Sep'12Jun'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19
Return on Capital Employed 13.93%8.68%0.16%-1.89%-3.58%1.3%-19.83%-5.18%-142.51%-135.83%
Growth Parameters
Growth Parameters Colour Code Guide
Net Sales (Rs. Cr.) 23021310695.41171592182311594.8
Y-o-Y Gr. Rt.--7.6%-50.5%-9.6%22.8%35.4%37.3%6.1%-31.3%-97%
Adjusted EPS (Rs.) 5.173.16-1.32-2.32-2.960.12-5.16-1.61-8.66-1.2
Y-o-Y Gr. Rt.--38.9%-141.8%NANANA-4400%NANANA
Book Value per Share (Rs.) 36.139.4827.9944.7739.0424.5212.443.91-4.66-5.91
Adjusted Net Profit 5332.4-13.6-23.8-30.41.4-85.7-35.5-191-26.5
Net Op. Cash Flow (Rs. Cr.) 36.5-5.6-18.21.8-4.2-31.8-22.4-21.733.10
Debt to Cash Flow from Ops 1.96-22.47-6106.38-46.7-5.07-6.99-4.793.55-10,826.37
Standalone financials take only the parent company into account while consolidated financials take into account financials of the parent company as well as of all its subsidiaries. In most companies consolidated financials should be used for analysis.
MIC Electronics Ltd. should be analysed on a Standalone basis
CAGR
CAGR Colour Code Guide
  9 yrs 5 yrs 3 yrs 1 yr
Net Sales -34.9%-47.1%-71.9%-97%
Adjusted EPS -185%NANANA
Book Value per Share -181.8-168.6-1780
Share Price -23.6% -47.1% -53.1% 64%
Key Financial Parameter
Performance Ratio Colour Code Guide
 Jun'10Jun'11Sep'12Jun'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19
Return on Equity (%) 14.777.98-4.31-5.02-7.060.46-31.52-20.93-1667.9427.16
Operating Profit Margin (%) 31.2121.3822.365.653.097.2520.191-2.27-381.96
Net Profit Margin (%) 23.0215.22-12.87-24.93-25.960.89-39.39-15.37-120.32-548.39
Debt to Equity 0.190.310.380.410.490.550.761.2-1.14-0.9
Working Capital Days 4866051,0672,0011,6428975573293046,937
Cash Conversion Cycle 1943385649208724762441811484,422
Entity Percentage Holding
Promoters 7.61%
Non-Institutions 92.39%
Pledged *12.4512.4512.4512.4520.9025.6126.1626.1626.1626.16
* Pledged shares as % of Promoter's holding (%)
Data is not available for this company.

The 5-year analysis of MIC Electronics Ltd.'s performance infers:

MIC Electronics Ltd. earnings have grown by 0%, whereas share price has depreciated -47.1% CAGR over the past five years, indicating the company's share price is likely undervalued. However, for specific investment actions please connect with your investment advisor.

We analysed the performance of MIC Electronics Ltd. share prices over the last 10 years. Here is what we found out:

MIC Electronics Ltd. share price has depreciated -32.2% annually over the past ten years.

MIC Electronics incorporated in 1988; is a global leader in designing, development and manufacturing of LED video displays, high-end electronic and telecommunication equipment and development of telecom software. These products are an integral part of sports stadiums, transportation hubs, digital theatres and theme parks, advertisements and public information displays.

MIC was incepted at Vijayawada, Andhra Pradesh by a group of talented professionals. Later in

MIC Electronics incorporated in 1988; is a global leader in designing, development and manufacturing of LED video displays, high-end electronic and telecommunication equipment and development of telecom software. These products are an integral part of sports stadiums, transportation hubs, digital theatres and theme parks, advertisements and public information displays.

MIC was incepted at Vijayawada, Andhra Pradesh by a group of talented professionals. Later in 1990 the company shifted its base. The company started its operation with electronic display systems. Later the company forayed into design and development of telecom products for wire line and wireless communication.

MIC has also been a pioneer in the development and implementation of a gamut of products and services in LED Displays, Telecom Software & IT services and Communication and Electronic products. It has many 'firsts' to its credit; for instance it is the first company to have the TEC approval for its indigenous telecom equipment 'Digital Loop Carrier'. MIC ventured into exports of its products and services in 1994 and began on-shore software development contracts in 2005. Its achievements are testimony to its expertise, profound market knowledge and zeal to innovate. MIC has received ISO-9001:2000 certification for its quality management system.

In international market, the company has direct presence in North American and Australian markets through its subsidiaries located at US and Australia. After acquiring InfoSTEP the company was further able to penetrate in the US markets. Globally the company’s offices are located at Sydney (Australia), Melbourne (Australia), Santaclara (California) and Seoul (Korea).

The company has clientele like Air India, BSNL, BHEL, LIC, MTNL, Indian railways, Procter & Gamble, L&T,  IDBI Bank, Reliance Industries, Maruti Udyog are among others.

Products

LED Display products- Under this company manufacture products for indoor display, outdoor display, end-to end display solutions ad applications specific displays.

LED lighting products- MIC manufactures products for street lighting, railway lighting, solar lighting, industrial and commercial lighting and domestic lighting.

ICT products- MIC manufactures various applications and solutions in area of display, telecom switch, telecom network management, computer telephony solutions, wireless telephone products and wire-line telecom equipment.

 

Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
Research Analyst - INH000000719

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