MIC Electronics Ltd.
•Add ratio to table
ABOUT
AI Sector View
AI GENERATEDCapital Goods
Capital goods is supported by strong public capex and still-expansionary industrial activity. Capital expenditure rose 66% YoY (2026-06), GST collections grew 8% YoY (2026-07), and the core industries Overall Index increased 5.4% YoY (2026-07). E-way bills slowed to 6% YoY (2026-07) and sector FPI flows show INR -9697 crore net outflow over 3 months to 2026-08-31, but the investment cycle and fiscal impulse remain favorable.
PROS
- Company has a good return on equity (ROE) track record: 3 Years ROE 63.2%
- Company has delivered good sales growth of 140.3% CAGR over last 5 years
- Company generates healthy free cash flow
- Institutional investors have been accumulating - FII+DII up 2.5pp
- Company maintains a comfortable, low leverage position
CONS
- Company is loss-making at the operating / net level
- Recent results are weak - TTM profit is down 224.4% versus prior year
- Receivables are growing faster than sales - a possible quality concern
- Promoter holding has decreased over last 2 years: -15.9pp
- Poor cash conversion - profits are not backed by operating cash flow (CFO/PAT -0.11x)
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
| Name | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| ABB | 7330.00 | 51.99 | 155328.84 | 0.54 | 3623.00 | 930.02 | 35588.70 | 1110.31 | 30.18 | 12.56 |
| CGPOWER | 908.00 | 114.44 | 143050.87 | 0.14 | 308.28 | 15.52 | 3280.81 | 13.99 | 27.94 | 12.11 |
| SIEMENS | 3972.00 | 43.19 | 141451.06 | 0.45 | 214.31 | -49.38 | 4713.70 | 8.44 | 21.42 | 9.14 |
| POWERINDIA | 31065.00 | 120.36 | 138464.05 | 0.03 | 2941.50 | 2135.18 | 24936.90 | 1586.18 | 28.73 | 14.58 |
| GVT&D | 4500.00 | 617.01 | 115220.94 | 0.22 | 362.99 | 24.65 | 1836.14 | 38.04 | 75.51 | 25.10 |
| ENRIN | 3180.50 | 76.12 | 113264.13 | 0.13 | 440.90 | 67.83 | 2485.60 | 39.28 | 40.19 | 23.56 |
| WAAREEENER | 2545.00 | 19.18 | 73207.26 | 0.16 | 891.87 | 15.39 | 7931.79 | 79.22 | 37.92 | 18.15 |
| APARINDS | 17293.00 | 61.29 | 72409.83 | 0.35 | 4674.50 | 1677.98 | 65910.60 | 1191.31 | 31.84 | 11.50 |
| HAVELLS | 1116.00 | 42.88 | 70035.88 | 0.90 | 289.71 | -16.64 | 6518.19 | 19.48 | 25.74 | 7.15 |
| SUZLON | 44.44 | 19.43 | 61085.61 | 0.00 | 305.22 | -5.89 | 3829.09 | 22.83 | 35.79 | 15.55 |
| SCHNEIDER | 1195.30 | 155.53 | 28580.11 | 0.00 | 12.44 | -69.84 | 651.36 | 4.78 | 31.01 | 5.23 |
| MICEL | 35.83 | 0.00 | 1067.32 | 0.00 | 2.13 | 27.89 | 43.72 | 276.57 | 8.68 | 9.77 |
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 7 | 7 | 17 | 23 | 11 | 11 | 12 | 28 | 12 | 12 | 13 | 51 | 12 | |
| 5 | 5 | 15 | 18 | 8 | 8 | 8 | 20 | 8 | 8 | 9 | 38 | 11 | |
| Operating Profit | 2 | 2 | 3 | 5 | 3 | 4 | 3 | 8 | 4 | 4 | 3 | 13 | 2 |
| OPM % | 27.78% | 32.96% | 14.87% | 23.56% | 24.25% | 32.50% | 29.36% | 29.75% | 35.40% | 31.45% | 27.55% | 26.16% | 12.52% |
| 0 | 7 | 1 | 1 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 0 | |
| Interest | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 2 | 1 | 1 | 2 | 1 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 1 |
| Profit before Tax | 1 | 8 | 3 | 5 | 2 | 2 | 2 | 7 | 2 | 2 | 1 | 11 | 2 |
| Tax % | 0.00% | 0.00% | 0.00% | -803.46% | 0.00% | 0.00% | 0.00% | 47.72% | 0.00% | 0.00% | 0.00% | 268.90% | 0.00% |
| Net Profit | 1 | 8 | 3 | 50 | 2 | 2 | 2 | 4 | 2 | 2 | 1 | -18 | 2 |
| 0.06 | 0.37 | 0.12 | 2.24 | 0.08 | 0.09 | 0.09 | 0.14 | 0.07 | 0.09 | 0.06 | -0.77 | 0.07 |
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 231 | 159 | 5 | 2 | 1 | 31 | 6 | 55 | 62 | 87 | 88 | |
| 229 | 163 | 25 | 19 | 3 | 25 | 5 | 42 | 43 | 62 | 66 | |
| Operating Profit | 2 | -4 | -20 | -17 | -2 | 6 | 1 | 12 | 18 | 25 | 22 |
| OPM % | 1.00% | -2.70% | -407.19% | -919.06% | -150.90% | 18.23% | 13.43% | 22.88% | 29.55% | 28.69% | 25.19% |
| 2 | -95 | 0 | 1 | 3 | 1 | 2 | 9 | 1 | 1 | 1 | |
| Interest | 29 | 24 | 0 | 0 | 0 | 1 | 1 | 2 | 5 | 6 | 6 |
| Depreciation | 8 | 8 | 8 | 8 | 7 | 3 | 2 | 2 | 2 | 4 | 4 |
| Profit before Tax | -32 | -131 | -27 | -24 | -5 | 3 | 0 | 18 | 13 | 16 | 16 |
| Tax % | -9.09% | -45.53% | -0.00% | -0.00% | -0.00% | 0.00% | 0.00% | -248.71% | 24.85% | 180.87% | 179.77% |
| Net Profit | -35 | -191 | -27 | -24 | -5 | 3 | 0 | 62 | 10 | -13 | -13 |
| EPS | 0.00 | 0.00 | 0.00 | -1.09 | -0.25 | 0.13 | 0.01 | 2.79 | 0.41 | -0.54 | — |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | — |
COMPOUNDED SALES GROWTH
- 10 Years:
- -9%
- 5 Years:
- 140%
- 3 Years:
- 146%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- —
- 5 Years:
- —
- 3 Years:
- —
STOCK PRICE CAGR
- 10 Years:
- —
- 5 Years:
- 94%
- 3 Years:
- 6%
- 1 Year:
- -51%
RETURN ON EQUITY
- 10 Years:
- 17%
- 5 Years:
- 40%
- 3 Years:
- 63%
- Last Year:
- -8%
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| 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 |
| 42 | -147 | -174 | -179 | -105 | -43 | -43 | 19 | 115 | 102 | |
| 48 | 15 | 106 | 105 | 33 | 1 | 11 | 12 | 44 | 39 | |
| Trade Payables | 39 | 56 | 58 | 59 | 1 | 0 | 0 | 3 | 7 | 32 |
| 102 | 225 | 137 | 123 | 84 | 60 | 61 | 18 | 26 | 78 | |
| Total Liabilities | 275 | 193 | 170 | 152 | 57 | 63 | 73 | 97 | 239 | 300 |
| 93 | 90 | 82 | 75 | 46 | 44 | 41 | 26 | 47 | 46 | |
| Capital Work in Progress | 7 | 2 | 2 | 2 | 0 | 0 | 0 | 0 | 0 | 0 |
| 0 | 0 | 0 | 0 | 0 | 3 | 3 | 0 | 51 | 51 | |
| 114 | 51 | 50 | 50 | 2 | 3 | 8 | 8 | 16 | 29 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 25 | 51 | 103 | |
| Cash & Bank | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 8 | 14 | 11 |
| 60 | 49 | 35 | 25 | 8 | 13 | 20 | 30 | 60 | 60 | |
| Total Assets | 275 | 193 | 170 | 152 | 57 | 63 | 73 | 97 | 239 | 300 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 10 | 117 | 0 | 0 | -145 | -58 | -8 | -11 | 7 | 10 | |
| Cash from Investing | -1 | -0 | 0 | -0 | 20 | 0 | -1 | 19 | -118 | -3 |
| Cash from Financing | 22 | -33 | -0 | 0 | 126 | 59 | 10 | -5 | 122 | -7 |
| -1 | -0 | -0 | -0 | 0 | 0 | 0 | 1 | 6 | -6 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|
Documents
Corporate disclosures, annual reports, credit ratings, and concall transcripts
2026-09-04 - MIC Electronics Limited has informed the Exchange about the allotment of equity shares on a preferential basis
2026-09-02 - MIC Electronics Limited has informed the Exchange regarding "Incorporation of subsidiary," "MIC Defence Systems Private Limited."
2026-08-26 - MIC Electronics Limited has informed the Exchange about the receipt of in-principle approval from the stock exchanges for the issue of Equity Shares on a preferential basis towards the acquisition of M/s. NEO Semi SG Pte Ltd, Singapore.
2026-08-24 - MIC Electronics Limited has informed the Exchange about Copy of Newspaper Publication
2026-08-22 - MIC Electronics Limited has informed the Exchange regarding Notice of Annual General Meeting to be held on September 16, 2026
2026-08-14 - MIC Electronics Limited has informed the Exchange about Credit Rating- Revision
2026-08-03 - MIC Electronics Limited has informed the Exchange about Copy of Newspaper Publication
2026-07-31 - Mic Electronics Limited has informed the Exchange about Resignation of Director/KMP/SMP
2026-07-31 - MIC Electronics Limited has informed the Exchange about Resignation of Director/KMP/SMP
News
Recent coverage and analyst commentary for MICEL
Loading news…
AI Stock Analyst
MIC Electronics Ltd.
Sign in to Chat with AI
Log in with your 5nance account to ask institutional questions about performance, financials, and outlook.
✨ Sign In to ChatFree 5nance Account