Is MIC Electronics Ltd (MICEL) 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 .

Is MIC Electronics Ltd (MICEL) 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 .

What is MIC Electronics Ltd (MICEL) share price return in the past 10 years?

MIC Electronics Ltd share price has appreciated 7.8% annually (CAGR) over the past ten years.

Is MIC Electronics Ltd (MICEL) a good buy now?

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

What is the share price of MIC Electronics Ltd (MICEL)?

Company share prices are keep on changing according to the market conditions. The current trading price of MIC Electronics Ltd (MICEL) on 17-Apr-2026 16:59:59 at 16:59 is 42.75.

What is the P/E ratio of MIC Electronics?

The latest standalone P/E ratio of MIC Electronics as of 17-Apr-2026 is 116.22.

What is the P/B ratio of MIC Electronics Ltd (MICEL)?

The latest standalone P/B ratio of MIC Electronics Ltd (MICEL) as of 17-Apr-2026 is 4.62.

What is the 52-week high and low of MIC Electronics Ltd (MICEL)?

The 52-week high of MIC Electronics Ltd (MICEL) is Rs. 82.82 and the 52-week low is Rs. 30.00.

MIC Electronics Ltd (MICEL) Share Analysis – Quality, Growth & Valuation Zone & DeciZen Rating

Name: MIC Electronics Ltd (MICEL)
Brand: MIC Electronics

MIC Electronics Ltd (MICEL) Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating

MIC Electronics Ltd (MICEL)

BSE: 532850 NSE: MICEL

Key Metrics

Market Cap

₹1,030 Cr.

P/E Ratio

116.22

Price to Book (P/B)

4.62

Price to Sales (P/S)

15.96

EV/EBITDA

50.90

Return on Capital Employed (ROCE)

8.86%

Current Price

₹42.8

Return on Equity (ROE)

8.63%

Return on Assets (ROA)

5.83%

Operating Profit Margin

29.5%

Net Profit Margin

15.86%

Gross Profit Margin

23.7%

Book Value per Share

₹9.3

Sales Growth (YoY)

13.12%

Sales Growth (3 Years)

25.62%

Operating Profit Growth (1 Year)

46.15%

Operating Profit Growth (3 Years)

47.53%

Net Profit Growth (1 Year)

-84.17%

52-Week Low / High

₹30 / 83

Net Profit Growth (3 Years)

51.58%

Dividend Yield

0.00%

Promoter Holding

51.70%

Pledged shares (%)
of Promoter's holding (%)

2.17%

Check Before You Invest

Q.1 Revenue growth of MIC Electronics Ltd?

MIC Electronics Ltd revenue growth is 13.1% for FY-2025 , which is below its 5 year CAGR of 101.5% , indicating slower growth.

Q.1 Promoter shareholding and pledge status of MIC Electronics Ltd?

Promoters hold 51.70% of the MIC Electronics Ltd, with 2.17% of their stake pledged, indicating low pledge risk.

Q.1 Revenue growth of MIC Electronics Ltd vs industry peers?

MIC Electronics Ltd revenue CAGR is 101.46% , compared to the industry median CAGR of 13.21% , indicating faster growth and gaining its market share.

Q.1 Which industry/sub-sector does MIC Electronics Ltd belong to?

MIC Electronics Ltd belongs to the Capital Goods & Industrial Consumables sector, operating specifically within the Electric Equipment segment.

Q.1 Stock return of MIC Electronics Ltd over the last decade?

Over the last 9 year(s), the stock has delivered a CAGR of 7.8% based on the current price.

DeciZen - make an informed investing decision on MIC Electronics

Based on:

Data

Overall Rating ⓘ
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1. Quality

2. Valuation

3. Price Trend

MIC Electronics stock performance

Key Ratios

Is MIC Electronics Ltd an attractive stock to invest in?

10 Year X-Ray : Login to view analysis.

Analysis of Financial Track Record

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

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
ROCE % ⓘ	-37.2%	-1.1%	-87.8%	-138.4%	-934.4%	-35.6%	9.3%	1%	19.1%	8.9%	-
Value Creation Index ⓘ	-3.7	-1.1	NA	NA	NA	NA	-0.3	-0.9	0.4	-0.4	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	218	231	159	4.8	1.9	1.1	31.1	5.9	54.6	61.7	65
Sales YoY Gr.	-	6.1%	-31.3%	-97%	-61.6%	-41.4%	2,756.9%	-81.1%	826.5%	13.1%	-
Adj EPS ⓘ	-5.2	-1.6	-8.7	-1.2	-1	-0.3	0.1	0	2.6	0.4	0.4
YoY Gr.	-	NA	NA	NA	NA	NA	NA	-92.3%	25600%	-84.4%	-
BVPS (₹) ⓘ	12.4	3.9	-4.7	-5.9	-6.2	-2.8	0.1	0.1	2.9	6.8	9.3
Adj Net Profit ⓘ	-85.7	-35.5	-191	-26.3	-21.5	-5.4	2.8	0.1	57	9.6	9
Cash Flow from Ops. ⓘ	-22.4	-21.7	33.1	-0	0	-146	-59	-8.5	-12.9	2.5	-
Debt/CF from Ops. ⓘ	-7	-4.8	3.6	-10826.4	4108.8	-0.2	-0	-1.2	-0.9	19.5	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	-13.1%	101.5%	25.6%	13.1%
Adj EPS ⓘ	NA	NA	45.5%	-84.4%
BVPSⓘ	-6.5%	NA	359%	135.9%
Share Price	7.8%	128.3%	52%	-29.2%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25	TTM
Return on Equity % ⓘ	-31.5	-20.9	-1667.9	27	17.4	7.9	9.7	0.2	62.6	5.6	4.6
Op. Profit Mgn % ⓘ	20.2	1	-2.3	-373	-730.2	-150.5	18.2	13.4	22.9	29.6	30.7
Net Profit Mgn % ⓘ	-39.4	-15.4	-120.3	-544.3	-1155.8	-496.5	9	2.4	104.4	15.5	13.8
Debt to Equity ⓘ	0.8	1.2	-1.1	-0.9	-1	-0.5	0.6	6.1	0.2	0.3	-
Working Cap Days ⓘ	557	329	304	6,937	15,599	14,029	145	1,256	295	558	234
Cash Conv. Cycle ⓘ	244	181	148	4,422	10,719	9,467	50	436	129	253	114

Recent Performance Summary

Latest Financials

	Standalone	Consolidated
TTM EPS (₹)	0.4	0.4
TTM Sales (₹ Cr.)	64.6	185
BVPS (₹) ⓘ	9.3	9.6
Reserves (₹ Cr.) ⓘ	175	182
P/BV ⓘ	4.62	4.47
PE ⓘ	116.22	110.94

From the Market
52 Week Low / High (₹)	30.00 / 82.82
All Time Low / High (₹)	0.46 / 217.56
Market Cap (₹ Cr.)	1,030
Equity (₹ Cr.)	48.2
Face Value (₹)	2
Industry PE ⓘ	58.6

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

2.04

2.08

0.00

2.17

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

Valuation of MIC Electronics - Standalone Basis

YTD 1Y 3Y 5Y 10Y Max

Analyst's Notes

No data found!

Key Ratios

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Sales	218	231	159	5	2	1	31	6	55	62
Operating Expenses ⓘ +	174	229	163	25	19	3	25	5	42	43
Manufacturing Costs	4	3	2	1	1	0	1	0	4	5
Material Costs	151	173	138	3	1	1	20	0	29	26
Employee Cost	3	5	5	4	2	1	2	2	5	6
Other Costs ⓘ	16	48	18	17	15	1	3	2	4	6
Operating Profit ⓘ	44	2	-4	-20	-17	-2	6	1	12	18
Operating Profit Margin (%)	20.2%	1.0%	-2.7%	-407.0%	-919.0%	-150.0%	18.2%	13.4%	22.9%	29.5%
Other Income ⓘ +	3	2	1	1	1	3	1	2	2	1
Exceptional Items ⓘ	-196	0	-96	-0	0	0	0	0	7	0
Interest ⓘ	0	29	24	0	0	0	1	1	2	5
Depreciation ⓘ	8	8	8	8	8	7	3	2	2	2
Profit Before Tax ⓘ	-157	-32	-131	-27	-24	-5	3	0	18	13
Tax ⓘ	-46	3	60	0	0	0	0	0	-44	3
Profit After Tax	-111	-35	-191	-27	-24	-5	3	0	62	10
PAT Margin (%)	-51.0%	-15.1%	-120.0%	-568.0%	-1,288.0%	-496.0%	9.0%	2.5%	113.3%	15.9%
Adjusted EPS (₹)	-6.7	-1.6	-8.7	-1.3	-1.1	-0.3	0.1	0.0	2.8	0.4
Dividend Payout Ratio (%)	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%

Balance Sheet

(All Figures are in Crores.)

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Equity and Liabilities
Shareholders Fund +	211	86	-103	-130	-135	-61	2	2	64	163
Share Capital ⓘ	33	44	44	44	44	44	44	44	44	48
Reserves ⓘ	177	42	-147	-174	-179	-105	-43	-43	19	115
Debt +	108	48	15	15	14	28	1	11	12	44
Long Term Debt	13	37	0	0	0	26	0	0	0	13
Short Term Debt	95	10	15	15	14	2	1	11	11	31
Minority Interest	0	0	0	0	0	0	0	0	0	0
Trade Payables	60	39	56	58	59	1	0	0	3	7
Others Liabilities ⓘ	46	102	225	228	214	89	60	61	18	26
Total Liabilities ⓘ	424	275	193	170	152	57	63	73	97	239
Fixed Assets
Net Fixed Assets ⓘ +	120	93	90	82	75	46	44	41	26	47
Gross Block	170	147	152	152	152	151	151	149	134	156
Accumulated Depreciation	50	54	62	70	77	105	107	108	109	109
CWIP ⓘ	17	7	2	2	2	0	0	3	0	2
Investments ⓘ	2	0	0	0	0	0	3	3	0	51
Inventories	75	114	51	50	50	2	3	8	8	16
Trade Receivables	94	34	34	19	10	4	1	2	25	51
Cash Equivalents	2	2	2	2	1	1	1	1	8	14
Others Assets ⓘ	112	26	15	15	15	4	11	15	30	58
Total Assets ⓘ	424	275	193	170	152	57	63	73	97	239

Cash Flow

(All Figures are in Crores.)

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Cash Flow From Operating Activity ⓘ +	-22	-22	33	-0	0	-146	-59	-9	-13	2
PBT ⓘ	39	-32	-131	-27	-24	-5	3	0	18	13
Adjustment ⓘ	8	36	33	8	8	10	3	2	4	7
Changes in Working Capital ⓘ	173	6	216	20	16	-150	-64	-10	-33	-13
Tax Paid ⓘ	-46	-3	-60	0	0	-1	0	0	0	0
Cash Flow From Investing Activity ⓘ +	-0	-1	-0	0	-0	20	0	-1	19	-118
Capex	-0	1	-5	0	-0	21	-0	1	14	-23
Net Investments	0	0	0	0	0	0	0	0	3	-51
Others ⓘ	-0	-2	5	0	-0	-1	0	-2	2	-45
Cash Flow From Financing Activity ⓘ +	23	22	-33	-0	0	126	59	10	-5	122
Net Proceeds from Shares ⓘ	31	90	0	0	0	0	26	0	0	90
Net Proceeds from Borrowing ⓘ	-4	0	0	0	0	0	0	0	0	12
Interest Paid ⓘ	0	0	0	0	0	0	0	0	0	0
Dividend Paid ⓘ	0	0	-0	0	0	0	0	0	0	0
Others ⓘ	-4	-68	-33	-0	0	126	32	10	-5	19
Net Cash Flow ⓘ	0	-1	-0	-0	-0	0	0	0	1	6

Finance Ratio

PARTICULARS	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Ratios
ROE (%)	-44.51	-23.75	N/A	N/A	N/A	N/A	0	8.79	189.38	8.63
ROCE (%)	-37.15	-1.13	N/A	N/A	N/A	N/A	9.31	0.99	19.14	8.86
Asset Turnover Ratio	0.45	0.72	0.7	0.03	0.01	0.01	0.52	0.09	0.64	0.37
PAT to CFO Conversion(x)	N/A	N/A	N/A	N/A	N/A	N/A	-19.67	N/A	-0.21	0.2
Working Capital Days
Receivable Days	164	93	75	2,007	2,842	2,256	31	112	92	226
Inventory Days	215	137	183	3,789	9,762	8,612	27	344	55	71
Payable Days	154	104	125	8,085	0	0	10	343	23	70

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Announcements

MIC Electronics Ltd FAQs

The current trading price of MIC Electronics on 17-Apr-2026 16:59 is ₹42.75.

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 16-Apr-2026 the market cap of MIC Electronics stood at ₹1,030.3 Cr

The latest P/E ratio of MIC Electronics as of 16-Apr-2026 is 116.2.

The latest P/B ratio of MIC Electronics as of 16-Apr-2026 is 4.62.

The 52-week high of MIC Electronics is ₹82.82 and the 52-week low is ₹30.00.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of MIC Electronics is ₹64.55 ( 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 companyâ€™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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MIC Electronics Ltd (MICEL) Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating

MIC Electronics Share Price