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Last Updated on: 21 July, 2024
Author: Getaka|Social: Getaka Financial Services X (Earlier Twitter) Profile Getaka Financial Services LinkedIn Logo

Fundamental Analysis of MIC Electronics Ltd

About the Company - MIC Electronics Ltd

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/ComponentsA4/II, Electronic Complex, Kushaiguda, Hyderabad Telangana 500062cs@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. Venkata Naga Lavanya KandalaIndependent Director

Basic Stock Data of MIC Electronics Ltd

Last Updated: July 20, 2024, 10:50 pm

Market Cap 2,117 Cr.
Current Price 87.8
High / Low100/22.8
Stock P/E437
Book Value 3.29
Dividend Yield0.00 %
ROCE1.41 %
ROE0.41 %
Face Value 2.00
PEG Ratio20.66

Data Source: screener.in

Competitors of MIC Electronics Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
BCC Fuba India Ltd 105 Cr. 68.981.5/31.828.0 12.70.00 %15.9 %21.4 % 10.0
Nitiraj Engineers Ltd 293 Cr. 286303/93.2 65.90.00 %0.38 %0.35 % 10.0
PG Electroplast Ltd 9,142 Cr. 350410/14467.8 39.90.00 %18.7 %18.8 % 1.00
Cosmo Ferrites Ltd 219 Cr. 182314/141 25.20.00 %5.16 %5.18 % 10.0
Industry Average2,439.75 Cr221.7323.9535.930.00%10.04%11.43%7.75

MIC Electronics Ltd Quarterly Results

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: July 10, 2024, 7:44 pm

MIC Electronics Ltd Quarterly Chart

MIC Electronics Ltd Profit & Loss

Last Updated: July 10, 2024, 7:44 pm

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%

MIC Electronics Ltd Profit & Loss Yearly Chart

MIC Electronics Ltd Growth

Compounded Sales Growth
10 Years:-16%
5 Years:-32%
3 Years:131%
TTM:-19%
Compounded Profit Growth
10 Years:-26%
5 Years:15%
3 Years:26%
TTM:-2%
Stock Price CAGR
10 Years:31%
5 Years:170%
3 Years:314%
1 Year:290%
Return on Equity
10 Years:%
5 Years:%
3 Years:%
Last Year:0%

Last Updated: July 17, 2024, 5:25 pm

MIC Electronics Ltd Balance Sheet

Last Updated: July 10, 2024, 7:44 pm

MonthSep 2012Jun 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital20202024334444444444444444
Reserves33832427928217632-180-207-230-97181928
Borrowings1421541581611571041171171353381713
Other Liabilities153122118126120163219224212854812
Total Liabilities65362157659348634220017816165758797
Fixed Assets1471501451281209390827546474328
CWIP4949171717722205108
Investments7886777788000
Other Assets450414405442341236102877611233462
Total Assets65362157659348634220017816165758797

MIC Electronics Ltd Reserves and Borrowings Chart

MIC Electronics Ltd Cash Flow

MonthSep 2012Jun 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity -225-1-32-22-223301-146-58-5
Cash from Investing Activity -1-932110-1-0-0-120-9-5
Cash from Financing Activity 213-3221022-33-001266610
Net Cash Flow-2-1-00-22-1-00-0000

MIC Electronics Ltd 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%

MIC Electronics Ltd Financial Efficiency Indicators Chart

MIC Electronics Ltd Share Holding Pattern

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
Promoters7.61%0.00%0.00%74.63%74.63%74.63%74.63%74.63%74.63%74.63%74.63%74.59%
Public92.39%100.00%100.00%25.37%25.37%25.37%25.36%25.37%25.37%25.38%25.37%25.41%
No. of Shareholders49,32548,36847,50957,94161,20662,24961,42859,00557,99456,49067,40487,335

MIC Electronics Ltd Shareholding Pattern Chart

No. of MIC Electronics Ltd Shareholders

This stock is not held by any mutual fund

MIC Electronics Ltd ROCE Trend

MIC Electronics Ltd EPS Trend

MIC Electronics Ltd 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

MIC Electronics Ltd Profitability Ratios (%)

MIC Electronics Ltd Liquidity Ratios

MIC Electronics Ltd Liquidity Ratios (%)

MIC Electronics Ltd Interest Coverage Ratios (%)

MIC Electronics Ltd Valuation Ratios

Fair Value

Fair Value: 6.01

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.

Overvalued: 93.15% compared to the current price 87.8

Intrinsic Value: 7.28

Calculation basis:

  • Fair 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 fair value of the stock by analyzing its fundamental indicators along with EPS growth.

Overvalued: 91.70% compared to the current price 87.8

Last 5 Year EPS CAGR: 21.15%

*Investments are subject to market risks

Strength and Weakness of MIC Electronics Ltd Stock

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 (101.23) compared to reserves (60.15), which may suggest financial risk.
    5. The company has not shown consistent growth in sales (88.00) and profit (-38.23).

    FAQ

    What is the latest fair value of MIC Electronics Ltd?

    The latest fair value of MIC Electronics Ltd is ₹6.01.

    What is the Market Cap of MIC Electronics Ltd?

    The Market Cap of MIC Electronics Ltd is 2,117 Cr..

    What is the current Stock Price of MIC Electronics Ltd as on 21 July 2024?

    The current stock price of MIC Electronics Ltd as on 21 July 2024 is 87.8.

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

    In FY 2024, the High / Low of MIC Electronics Ltd stocks is 100/22.8.

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

    The Stock P/E of MIC Electronics Ltd is 437.

    What is the Book Value of MIC Electronics Ltd?

    The Book Value of MIC Electronics Ltd is 3.29.

    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 1.41 %.

    What is the ROE of MIC Electronics Ltd?

    The ROE of MIC Electronics Ltd is 0.41 %.

    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