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Last Updated on: 31 December, 2024
Author: Getaka|Social: Getaka Financial Technology X (Earlier Twitter) Profile Getaka Financial Technology LinkedIn Logo

MIC Electronics Ltd: Fundamental Analysis, Share Price Insights & Intrinsic Value (2024)

Share Price and Basic Stock Data

Last Updated: December 27, 2024, 10:37 pm

Market Cap 2,118 Cr.
Current Price 87.9
High / Low 115/33.0
Stock P/E38.4
Book Value 8.96
Dividend Yield0.00 %
ROCE15.8 %
ROE87.6 %
Face Value 2.00
PEG Ratio1.82

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for MIC Electronics Ltd

Competitors of MIC Electronics Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Incap Ltd 54.9 Cr. 107 123/46.268.6 32.60.93 %6.17 %4.12 % 10.0
Gujarat Poly Electronics Ltd 81.2 Cr. 95.0 146/57.137.3 12.10.00 %10.2 %26.3 % 10.0
Cosmo Ferrites Ltd 381 Cr. 317 357/141 22.10.00 %5.16 %5.18 % 10.0
BCC Fuba India Ltd 197 Cr. 128 142/47.558.4 13.90.00 %15.4 %20.8 % 10.0
PG Electroplast Ltd 28,118 Cr. 993 1,019/146147 43.80.02 %18.7 %18.9 % 1.00
Industry Average4,672.33 Cr1,278.5477.39142.270.19%10.57%20.37%7.73

All Competitor Stocks of MIC Electronics Ltd

Quarterly Result

MonthSep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023
Sales1.020.060.010.263.4026.9714.322.422.087.4011.018.2610.31
Expenses3.610.60-1.671.113.6719.2114.583.162.607.078.606.167.31
Operating Profit-2.59-0.541.68-0.85-0.277.76-0.26-0.74-0.520.332.412.103.00
OPM %-253.92%-900.00%16,800.00%-326.92%-7.94%28.77%-1.82%-30.58%-25.00%4.46%21.89%25.42%29.10%
Other Income0.760.032.350.010.050.300.940.241.26-0.280.720.226.78
Interest0.010.010.020.660.180.270.630.120.210.300.160.540.48
Depreciation1.701.711.700.650.650.650.960.620.540.670.540.550.38
Profit before tax-3.54-2.232.31-2.15-1.057.14-0.91-1.24-0.01-0.922.431.238.92
Tax %0.00%0.00%0.00%0.00%0.00%0.00%-7.69%0.00%0.00%0.00%0.00%-0.81%1.35%
Net Profit-3.54-2.232.31-2.15-1.057.14-0.98-1.24-0.01-0.922.431.248.80
EPS in Rs-0.16-0.100.10-0.39-0.191.30-0.05-0.06-0.00-0.040.110.060.39

Last Updated: Unknown

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: Unknown

MonthSep 2012Jun 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales1297692150207218159521452337
Expenses98698814016321616325193382129
Operating Profit316411442-4-20-17-2728
OPM %24%8%4%7%21%1%-3%-407%-919%-150%15%7%21%
Other Income-614-534-1932-95013127
Interest27139702924000211
Depreciation8558888887322
Profit before tax-65-7-630-157-32-132-27-24-53012
Tax %2%-102%29%-8,900%29%-9%-46%-0%-0%-0%0%-0%
Net Profit-63-15-452-111-35-191-27-24-53012
EPS in Rs-6.19-1.43-4.400.15-6.67-1.58-8.69-1.25-1.09-0.250.140.010.52
Dividend Payout %-0%-0%-0%-0%-0%-0%-0%-0%-0%-0%-0%-0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-2023
YoY Net Profit Growth (%)104.44%-5650.00%68.47%-445.71%85.86%11.11%79.17%160.00%-100.00%
Change in YoY Net Profit Growth (%)0.00%-5754.44%5718.47%-514.18%531.58%-74.75%68.06%80.83%-260.00%

MIC Electronics Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 9 years from 2014-2015 to 2022-2023.

Growth

Compounded Sales Growth
10 Years:-5%
5 Years:62%
3 Years:269%
TTM:138%
Compounded Profit Growth
10 Years:19%
5 Years:32%
3 Years:130%
TTM:21138%
Stock Price CAGR
10 Years:26%
5 Years:169%
3 Years:55%
1 Year:150%
Return on Equity
10 Years:%
5 Years:%
3 Years:37%
Last Year:88%

Last Updated: Unknown

Balance Sheet

Last Updated: December 14, 2024, 3:09 pm

MonthJun 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2024
Equity Capital202024334444444444444448
Reserves32427928619869-121-148-172-391819168
Borrowings1541581611571041171171353381743
Other Liabilities12211812298125160165154274825
Total Liabilities621576593486342200178161657587284
Fixed Assets1501451281209390827546474328
CWIP49171717722205100
Investments886777788000
Other Assets4144054423412361028776112334256
Total Assets621576593486342200178161657587284

Reserves and Borrowings Chart

Cash Flow

MonthJun 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity +5-1-32-22-223301-146-58-5-13
Cash from Investing Activity +-932110-1-0-0-120-9-516
Cash from Financing Activity +3-3221022-33-001266610-5
Net Cash Flow-1-00-22-1-00-0000-3

Free Cash Flow

MonthJun 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2012
Free Cash Flow-148.00-154.00-150.00-113.00-102.00-121.00-137.00-152.00-35.00-1.00-15.0031.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthSep 2012Jun 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days29655635926216757781,4661,8661,3261145
Inventory Days1,1821,2178775461842411347,08430,64197296383
Days Payable290498333190149841508,34437,323817614
Cash Conversion Cycle1,1871,27590361820121462206-4,8151,480101414
Working Capital Days8171,103706528183-25-397-14,492-40,419-7,598146390
ROCE %6%0%1%10%-1%-14%20%1%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthDec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
Promoters0.00%74.63%74.63%74.63%74.63%74.63%74.63%74.63%74.63%74.59%67.51%66.46%
FIIs0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%8.38%4.77%
Public100.00%25.37%25.37%25.37%25.36%25.37%25.37%25.38%25.37%25.41%24.11%28.76%
No. of Shareholders47,50957,94161,20662,24961,42859,00557,99456,49067,40487,3351,06,9321,70,707

Shareholding Pattern Chart

No. of Shareholders

This stock is not held by any mutual fund

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue2.002.002.002.002.00
Basic EPS (Rs.)0.010.13-0.25-1.09-1.25
Diluted EPS (Rs.)0.010.13-0.25-1.09-1.10
Cash EPS (Rs.)0.110.260.06-0.74-0.90
Book Value[Excl.RevalReserv]/Share (Rs.)2.892.880.22-5.81-4.74
Book Value[Incl.RevalReserv]/Share (Rs.)2.892.880.22-5.81-4.74
Revenue From Operations / Share (Rs.)1.032.030.040.080.21
PBDIT / Share (Rs.)0.150.340.06-0.73-0.88
PBIT / Share (Rs.)0.040.21-0.24-1.08-1.23
PBT / Share (Rs.)0.010.13-0.24-1.09-1.25
Net Profit / Share (Rs.)0.010.13-0.24-1.09-1.25
NP After MI And SOA / Share (Rs.)0.010.13-0.24-1.09-1.25
PBDIT Margin (%)14.9517.08137.31-872.81-402.74
PBIT Margin (%)4.5910.60-488.88-1277.97-561.14
PBT Margin (%)1.146.74-497.06-1288.78-568.22
Net Profit Margin (%)1.066.59-497.06-1288.78-568.22
NP After MI And SOA Margin (%)1.066.59-497.06-1288.78-568.22
Return on Networth / Equity (%)0.384.71-108.170.000.00
Return on Capital Employeed (%)1.597.19-17.1318.8826.54
Return On Assets (%)0.273.94-8.33-14.91-15.43
Long Term Debt / Equity (X)0.020.035.210.000.00
Total Debt / Equity (X)0.250.115.55-0.11-0.14
Asset Turnover Ratio (%)0.070.480.010.010.02
Current Ratio (X)1.522.600.310.220.26
Quick Ratio (X)0.781.720.250.050.09
Inventory Turnover Ratio (X)0.708.500.010.010.04
Interest Coverage Ratio (X)4.344.4316.77-80.73-321.98
Interest Coverage Ratio (Post Tax) (X)1.312.71-59.72-118.20-448.61
Enterprise Value (Cr.)278.18378.1041.2123.250.00
EV / Net Operating Revenue (X)12.148.4137.8212.510.00
EV / EBITDA (X)81.1849.2427.54-1.430.00
MarketCap / Net Operating Revenue (X)11.448.2513.345.450.00
Price / BV (X)4.165.912.90-0.070.00
Price / Net Operating Revenue (X)11.448.2513.365.460.00
EarningsYield0.000.01-0.37-2.360.00

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of MIC Electronics Ltd as of December 31, 2024 is: 307.43

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of December 31, 2024, MIC Electronics Ltd is Undervalued by 249.75% compared to the current share price 87.90

Intrinsic Value of MIC Electronics Ltd as of December 31, 2024 is: 372.46

Calculation basis:

  • Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of December 31, 2024, MIC Electronics Ltd is Undervalued by 323.73% compared to the current share price 87.90

Last 5 Year EPS CAGR: 21.15%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
    1. The stock has a low average ROCE of 1.92%, which may not be favorable.
    2. The stock has a high average Working Capital Days of 190.67, which may not be favorable.
    3. The stock has a high average Cash Conversion Cycle of 226.50, which may not be favorable.
    4. The company has higher borrowings (100.33) compared to reserves (73.42), which may suggest financial risk.
    5. The company has not shown consistent growth in sales (88.00) and profit (-38.23).

    Stock Analysis

    • Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in MIC Electronics Ltd:
      1. Net Profit Margin: 1.06%
        • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
      2. ROCE: 1.59% (Industry Average ROCE: 10.57%)
        • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
      3. ROE%: 0.38% (Industry Average ROE: 20.37%)
        • ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
      4. Interest Coverage Ratio (Post Tax): 1.31
        • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
      5. Quick Ratio: 0.78
        • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
      6. Stock P/E: 38.4 (Industry average Stock P/E: 77.39)
        • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
      7. Total Debt / Equity: 0.25
        • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
      The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
      Stock Rating:

    About the Company - Qualitative Analysis

    MIC Electronics Ltd. is a Public Limited Listed company incorporated on 17/05/1988 and has its registered office in the State of Andhra Pradesh, India. Company’s Corporate Identification Number(CIN) is L31909TG1988PLC008652 and registration number is 008652. Currently company belongs to the Industry of Electronics - Equipment/Components. Company’s Total Operating Revenue is Rs. 31.14 Cr. and Equity Capital is Rs. 44.29 Cr. for the Year ended 31/03/2022.
    INDUSTRYADDRESSCONTACT
    Electronics - Equipment/ComponentsPlot No. 192/B, Phase-II, IDA, Cherlapally, Hyderabad Telangana 500051cs@mic.co.in
    http://www.mic.co.in
    Management
    NamePosition Held
    Mr. Kaushik YalamanchiliManaging Director
    Mr. Siva Lakshmanarao KakaralaNon Executive Director
    Mr. Sivanand Swamy MitikiriWhole Time Director
    Mrs. Karuna Gayathri UpadhyayulaIndependent Director
    Mr. Srinivas Rao KolliIndependent Director
    Mrs. Sabitha GhantaIndependent Director
    Mr. Subhash Lingareddi SomodIndependent Director

    FAQ

    What is the latest intrinsic value of MIC Electronics Ltd?

    The latest intrinsic value of MIC Electronics Ltd as on 30 December 2024 is ₹307.43, which is 249.75% higher than the current market price of ₹87.90. The stock has a market capitalization of 2,118 Cr. and recorded a high/low of 115/33.0 during the current fiscal year 2024-2025. As of Sep 2024, the company has reserves of ₹168 Cr and total liabilities of ₹284 Cr.

    What is the Market Cap of MIC Electronics Ltd?

    The Market Cap of MIC Electronics Ltd is 2,118 Cr..

    What is the current Stock Price of MIC Electronics Ltd as on 30 December 2024?

    The current stock price of MIC Electronics Ltd as on 30 December 2024 is 87.9.

    What is the High / Low of MIC Electronics Ltd stocks in FY 2024-2025?

    In FY 2024-2025, the High / Low of MIC Electronics Ltd stocks is 115/33.0.

    What is the Stock P/E of MIC Electronics Ltd?

    The Stock P/E of MIC Electronics Ltd is 38.4.

    What is the Book Value of MIC Electronics Ltd?

    The Book Value of MIC Electronics Ltd is 8.96.

    What is the Dividend Yield of MIC Electronics Ltd?

    The Dividend Yield of MIC Electronics Ltd is 0.00 %.

    What is the ROCE of MIC Electronics Ltd?

    The ROCE of MIC Electronics Ltd is 15.8 %.

    What is the ROE of MIC Electronics Ltd?

    The ROE of MIC Electronics Ltd is 87.6 %.

    What is the Face Value of MIC Electronics Ltd?

    The Face Value of MIC Electronics Ltd is 2.00.

    About the Author

    Author Avatar
    Getaka

    Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

    Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in MIC Electronics Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE