MIC Electronics Ltd Stock Analysis

BSE: 532850 | NSE: MICEL | Electric Equipment | Small Cap

BSE Share Price 09-Dec-2022 11:49
13.73 0.65 (4.97%)

DeciZen - Make an Informed Decision on MIC Electronics

Overall Rating
M-Cap below 500cr. High Risk from low Liquidity

1. Quality

2. Valuation

Fair

3. Price Trend

MIC Electronics Price Chart

P/E Ratio (SA) :
61.76
Market Cap :
289.7 Cr.
52-wk low :
10.9
52-wk high :
39.8
Bole Toh?

1. Is MIC Electronics Ltd a good quality company?

Past 10 year’s financial track record analysis by Moneyworks4me indicates that MIC Electronics Ltd is a below average quality company.

2. Is MIC Electronics Ltd undervalued or overvalued?

The key valuation ratios of MIC Electronics Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

3. Is MIC Electronics Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of MIC Electronics Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of MIC Electronics:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

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.
MIC Electronics Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Value Creation Index Colour Code Guide

Jun'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
ROCE % -1.9%-3.6%1.3%-19.8%-5.2%-142.5%-133.3%-841%-35.8%8.4%-
Value Creation Index -1.1-1.3-0.9-2.4-1.4NANANANA-0.4-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 95.41171592182311594.81.91.131.129
YoY Gr. Rt. %-22.8%35.4%37.3%6.1%-31.3%-97%-61.6%-41.4%2,756.9%-
Adj EPS -2.3-30.1-5.2-1.6-8.7-1.2-1-0.30.10.2
YoY Gr. Rt. %-NANA-4400%NANANANANANA-
BVPS (₹) 44.83924.512.43.9-4.7-5.9-6.2-2.80.12.7
Adj Net Profit -23.8-30.41.4-85.7-35.5-191-26.3-21.5-5.42.85
Cash Flow from Ops. 1.8-4.2-31.8-22.4-21.733.100-146-58.4-
Debt/CF from Ops. 106.4-46.7-5.1-7-4.83.6-10826.44108.8-0.2-0-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales -11.7%-33%86%2756.9%
Adj EPS NANANANA
BVPS -51.2-55.300
Share Price 8.6% 7% 162.4% 940.2%

Key Financial Parameters

Performance Ratio Colour Code Guide

Jun'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
Return on Equity % -5-7.10.5-31.5-20.9-1667.92717.47.99.715.4
Op. Profit Mgn % 5.73.17.320.21-2.3-373-730.2-150.518.219.9
Net Profit Mgn % -24.9-260.9-39.4-15.4-120.3-544.3-1155.8-496.5915.9
Debt to Equity 0.40.50.60.81.2-1.1-0.9-1-0.50.60
Working Cap Days 2,0011,6428975573293046,93715,59914,0291452,858
Cash Conv. Cycle 9208724762441811484,42210,7199,467501,858

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 15.40%

Sales growth is growing at healthy rate in last 3 years 85.99%

Sales growth is good in last 4 quarters at 12530.60%

Net Profit has been subdued in last 3 years 0.00%

Latest Financials - MIC Electronics Ltd.

Standalone Consolidated
TTM EPS (₹) 0.2 0.1
TTM Sales (₹ Cr.) 29.2 45
BVPS (₹.) 2.7 2.8
Reserves (₹ Cr.) 14 17
P/BV 4.94 4.71
PE 61.76 97.76
From the Market
52 Week Low / High (₹) 10.86 / 39.75
All Time Low / High (₹) 0.46 / 217.56
Market Cap (₹ Cr.) 290
Equity (₹ Cr.) 44.3
Face Value (₹) 2
Industry PE 47

Management X-Ray of MIC Electronics :

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *26.1626.1626.1626.1626.160.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of MIC Electronics

Adj EPS (Rs.)
Sales (Cr.)
ROE (%)
ROCE (%)

News

MIC Electronics Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of MIC Electronics on 09-Dec-2022 11:49 is : 13.73.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 09-Dec-2022 11:49 the market cap of MIC Electronics stood at ₹ 289.6.
The latest PE ratio of MIC Electronics as of 09-Dec-2022 11:49 is 61.76.
The latest PB ratio of MIC Electronics as of 09-Dec-2022 11:49 is 4.94
The 52-week high of MIC Electronics is ₹ 39.75 and the 52-week low is ₹ 10.86.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue / sales of MIC Electronics is ₹ 29.17 ( Cr.) .

About MIC Electronics Ltd

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.

 

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