Company Overview
MIC Electronics Limited designs, develops, manufactures, and sells Light-Emitting Diode (LED) based street lights and video displays worldwide. The company offers outdoor lighting products, such as street, parking, flood, and industrial lights; solar LED lighting; and general LED lighting products. It also provides indoor displays, such as indoor video screens and digital posters; outdoor displays, including outdoor video walls, digital billboards and posters, ticker displays, and perimeter displays; and passenger information displays systems; emergency light unit, passenger announcement and passenger information systems, and remote monitoring processing unit. In addition, the company offers electronic and telecommunication equipment, as well as develops telecom software. Its products are used in railway, sports stadium, transportation hubs, and public information displays. The company was incorporated in 1988 and is headquartered in Hyderabad, India.
Why Investors Should Care
Revenue has grown at a 236.2% CAGR over the past five years.
Carries low leverage with a debt-to-equity ratio of 0.20.
Generates positive free cash flow, funding growth and shareholder returns internally.
Recent Developments
- Mar 2026 Revenue of ₹190.52 Cr (+101.1% YoY); net profit ₹-12.63 Cr.
- Trailing 12 Months Year-on-year growth — revenue +101.0%, earnings -228.5%.
- 5-Year Trend Long-term compounding — revenue CAGR 236.2%, profit CAGR -2925.6%.
Growth & Price Performance
Compounded Sales Growth
| 5 Years: | 236.23% |
| 1 Year: | 101.05% |
Compounded Profit Growth
| 5 Years: | -2,925.64% |
| 1 Year: | -228.50% |
Stock Price Performance
| 1 Year: | -26.55% |
| 6 Months: | -7.39% |
| 3 Months: | -9.81% |
| 1 Month: | -11.48% |
Highlights auto-generated from reported financials and price data; not investment advice. Verify with official filings before acting.
- Price vs 50-DMABelow
- Price vs 200-DMABelow
- RSI (14)34.57 · Neutral
P/E of 94.25 is above the sector median of 27.67 — pricier than peers.
Auto-generated from price history and fundamentals; not investment advice.
Price Chart
Technical Trend
Computed from daily close history using EMA cross, slope, and RSI signals.
Note: intraday data is not stored locally. “Hourly” uses the most recent 10 daily candles as a short-term proxy.
Fundamental Growth Charts
No fundamental data available for this stock.
Interactive charts for Revenue, Net Income, EBITDA, Free Cash Flow, EPS, ROE, ROCE, Gross/Net/Operating Margin and more — switch metric and period using the dropdowns above. CAGR is computed across the displayed window (quarterly CAGR is annualised). Visual growth charts make it easy to spot multi-year compounding trends at a glance — far faster than reading raw numbers in a table.
PROS
- Compounding revenue at 236.2% over 5 years.
- Generates positive free cash flow.
CONS
- Trading at a high P/E of 94.2.
- Earnings shrank at -2925.6% CAGR over 5 years.
- Trading 52.0% below its 52-week high.
- In a downtrend (50-DMA below 200-DMA).
* The pros and cons are auto-generated from financial metrics.
Valuation
Growth (CAGR)
Profitability & Returns
Balance Sheet & Liquidity
Ownership
Financial Snapshot
Peer comparison
Peer companies in the same sector (Technology).
| # | Name | CMP ₹ | P/E | Mkt Cap | Div Yld % | ROCE % | ROE % | Rev CAGR 5Y % | Profit CAGR 5Y % |
|---|---|---|---|---|---|---|---|---|---|
| 1 | MICEL MIC Electronics Limited NSETECH | 37.70 | 94.25 | ₹908.61 Cr | 0.00% | 10.01% | -5.84% | 236.23% | -2,925.64% |
| 2 | TCS Tata Consultancy Services Limited NIFTY50NSEAITECH | 2,173.50 | 15.98 | ₹7.86 L Cr | 3.14% | 54.93% | 45.89% | 5.80% | 5.30% |
| 3 | INFY Infosys Limited NIFTY50NSEAITECH | 1,084.40 | 1,355.50 | ₹4.40 L Cr | 4.68% | 41.66% | 33.85% | 3.44% | 3.58% |
| 4 | HCLTECH HCL Technologies Limited NIFTY50NSEAITECH | 1,176.30 | 18.35 | ₹3.19 L Cr | 8.25% | 27.21% | 22.14% | 8.65% | 3.87% |
| 5 | WIPRO Wipro Limited NIFTY50NSEAITECH | 175.97 | 14.01 | ₹1.85 L Cr | 9.69% | 17.85% | 14.91% | 0.78% | 5.16% |
| 6 | TECHM Tech Mahindra Limited NIFTY50NSEAITECH | 1,474.20 | 27.20 | ₹1.44 L Cr | 3.51% | 19.82% | 16.24% | 2.16% | -0.14% |
| 7 | LTM LTM Limited NSETECH | 4,076.50 | 24.10 | ₹1.21 L Cr | 1.86% | 25.39% | 20.89% | 8.43% | 4.41% |
| 8 | LGEINDIA LG ELECTRONICS INDIA LTD NIFTY_MIDNSETECH | 1,535.10 | 61.82 | ₹1.04 L Cr | 0.00% | 27.64% | 21.98% | 0.98% | - |
| 9 | OFSS Oracle Financial Services Software Limited NIFTY_MIDNSEAITECH | 11,729.00 | 38.82 | ₹1.02 L Cr | 5.71% | 43.24% | 33.72% | 10.42% | 13.48% |
Financial Statements Quarterly Results · Profit & Loss · Balance Sheet · Cash Flows · Ratios
Quarterly Results
Figures in INR.
| Metric | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 11.00 Cr | 8.00 Cr | 10.00 Cr | 17.00 Cr | 23.00 Cr | 11.00 Cr | 27.00 Cr | 11.75 Cr | 44.85 Cr | 11.61 Cr | 38.00 Cr | 90.23 Cr | 50.79 Cr |
| Cost of Revenue | - | - | - | - | - | - | - | 4.98 Cr | 30.97 Cr | 3.70 Cr | - | 78.77 Cr | 27.21 Cr |
| Gross Profit | - | - | - | - | - | - | - | 6.77 Cr | 13.88 Cr | 7.91 Cr | - | 11.45 Cr | 23.59 Cr |
| Operating Expenses | 9.00 Cr | 6.00 Cr | 7.00 Cr | 15.00 Cr | 18.00 Cr | 8.00 Cr | 24.00 Cr | 3.72 Cr | 5.95 Cr | 4.71 Cr | 34.00 Cr | 8.43 Cr | 11.15 Cr |
| Operating Income | 1.00 Cr | 1.00 Cr | 3.00 Cr | 3.00 Cr | 5.00 Cr | 3.00 Cr | 4.00 Cr | 3.05 Cr | 7.93 Cr | 3.20 Cr | 3.00 Cr | 3.03 Cr | 12.44 Cr |
| EBITDA | 2.00 Cr | 2.00 Cr | 3.00 Cr | 3.00 Cr | 5.00 Cr | 3.00 Cr | 4.00 Cr | 3.93 Cr | 8.67 Cr | 4.25 Cr | 4.00 Cr | 4.12 Cr | 13.70 Cr |
| Interest Expense | 0 | 1.00 Cr | 0 | 0 | 0 | 0 | 1.00 Cr | 1.38 Cr | 1.42 Cr | 1.67 Cr | 1.00 Cr | 1.30 Cr | 1.82 Cr |
| Pretax Income | 2.00 Cr | 1.00 Cr | 9.00 Cr | 3.00 Cr | 5.00 Cr | 2.00 Cr | 2.00 Cr | 2.17 Cr | 6.81 Cr | 1.67 Cr | 2.00 Cr | 1.88 Cr | 10.97 Cr |
| Tax Provision | 0 | -1.00 L | 9.00 L | 0 | -40.25 Cr | 0 | 0 | 0 | 3.24 Cr | 0 | 0 | 0 | 29.31 Cr |
| Net Income | 2.00 Cr | 1.00 Cr | 9.00 Cr | 3.00 Cr | 50.00 Cr | 2.00 Cr | 2.00 Cr | 2.17 Cr | 3.57 Cr | 1.67 Cr | 2.00 Cr | 1.88 Cr | -18.35 Cr |
| Diluted EPS | 0.11 | 0.06 | 0.39 | 0.12 | 2.24 | 0.08 | 0.09 | 0.09 | 0.14 | 0.07 | 0.09 | 0.08 | -0.76 |
Profit & Loss (Annual)
Figures in INR.
| Metric | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 150.00 Cr | 207.00 Cr | 218.00 Cr | 159.00 Cr | 5.00 Cr | 2.00 Cr | 1.00 Cr | - | 5.01 Cr | 50.03 Cr | 94.76 Cr | 190.52 Cr |
| Cost of Revenue | - | - | - | - | - | - | - | - | 39.58 L | 29.26 Cr | 58.98 Cr | 137.79 Cr |
| Gross Profit | - | - | - | - | - | - | - | - | 4.62 Cr | 20.77 Cr | 35.78 Cr | 52.73 Cr |
| Operating Expenses | 140.00 Cr | 163.00 Cr | 216.00 Cr | 163.00 Cr | 25.00 Cr | 19.00 Cr | 3.00 Cr | - | 5.47 Cr | 8.26 Cr | 19.35 Cr | 31.17 Cr |
| Operating Income | 3.00 Cr | 36.00 Cr | -6.00 Cr | -12.00 Cr | -28.00 Cr | -25.00 Cr | -9.00 Cr | - | -85.47 L | 12.52 Cr | 16.44 Cr | 21.57 Cr |
| EBITDA | 11.00 Cr | 44.00 Cr | 2.00 Cr | -4.00 Cr | -20.00 Cr | -17.00 Cr | -2.00 Cr | - | 2.61 Cr | 20.93 Cr | 19.28 Cr | 26.40 Cr |
| Interest Expense | 7.00 Cr | 0 | 29.00 Cr | 24.00 Cr | 0 | 0 | 0 | - | 41.62 L | 1.65 Cr | 4.61 Cr | 6.05 Cr |
| Pretax Income | 0 | -157.00 Cr | -32.00 Cr | -132.00 Cr | -27.00 Cr | -24.00 Cr | -5.00 Cr | - | 14.56 L | 17.73 Cr | 13.07 Cr | 16.68 Cr |
| Tax Provision | -0 | 45.53 Cr | -2.88 Cr | -60.72 Cr | -0 | -0 | -0 | - | 0 | -44.11 Cr | 3.24 Cr | 29.31 Cr |
| Net Income | 2.00 Cr | -111.00 Cr | -35.00 Cr | -191.00 Cr | -27.00 Cr | -24.00 Cr | -5.00 Cr | - | 14.56 L | 61.84 Cr | 9.83 Cr | -12.63 Cr |
| Diluted EPS | 0.15 | -6.67 | -1.58 | -8.69 | -1.25 | -1.09 | -0.25 | 0.13 | 0.01 | 2.79 | 0.40 | - |
Balance Sheet (Annual)
Figures in INR.
| Metric | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | 593.00 Cr | 486.00 Cr | 342.00 Cr | 200.00 Cr | 178.00 Cr | 161.00 Cr | 65.00 Cr | - | 73.29 Cr | 140.76 Cr | 313.99 Cr | 354.15 Cr |
| Current Assets | - | - | - | - | - | - | - | - | 24.46 Cr | 61.08 Cr | 173.73 Cr | 243.27 Cr |
| Cash & Equivalents | - | - | - | - | - | - | - | - | 33.32 L | 89.20 L | 6.65 Cr | 28.88 L |
| Inventory | - | - | - | - | - | - | - | - | 8.34 Cr | 8.01 Cr | 16.14 Cr | 29.11 Cr |
| Receivables | - | - | - | - | - | - | - | - | 2.31 Cr | 25.32 Cr | 84.11 Cr | 195.89 Cr |
| Total Liabilities | - | - | - | - | - | - | - | - | 13.17 Cr | 18.80 Cr | 91.40 Cr | 137.39 Cr |
| Current Liabilities | - | - | - | - | - | - | - | - | 13.02 Cr | 18.41 Cr | 78.26 Cr | 127.05 Cr |
| Long Term Debt | - | - | - | - | - | - | - | - | 0 | 15.52 L | 12.60 Cr | 9.32 Cr |
| Total Debt | 161.00 Cr | 157.00 Cr | 104.00 Cr | 117.00 Cr | 117.00 Cr | 135.00 Cr | 33.00 Cr | - | 10.56 Cr | 11.65 Cr | 47.91 Cr | 44.19 Cr |
| Total Equity | 310.00 Cr | 231.00 Cr | 113.00 Cr | -77.00 Cr | -104.00 Cr | -128.00 Cr | 5.00 Cr | - | 60.12 Cr | 121.96 Cr | 222.59 Cr | 216.22 Cr |
| Shares Outstanding | - | - | - | - | - | - | - | - | 22.14 Cr | 22.14 Cr | 24.10 Cr | 24.10 Cr |
Cash Flows (Annual)
Figures in INR.
| Metric | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -32.00 Cr | -22.00 Cr | -22.00 Cr | 33.00 Cr | 0 | 1.00 Cr | -146.00 Cr | - | -6.47 Cr | -12.87 Cr | -48.67 Cr | 3.27 Cr |
| Investing Cash Flow | 11.00 Cr | 0 | -1.00 Cr | -0 | -0 | -1.00 Cr | 20.00 Cr | - | -3.13 Cr | 18.65 Cr | -67.19 Cr | -3.13 Cr |
| Financing Cash Flow | 21.00 Cr | 0 | 22.00 Cr | -33.00 Cr | -0 | 0 | 126.00 Cr | - | 9.81 Cr | -5.23 Cr | 121.61 Cr | -6.50 Cr |
| Capital Expenditure | 9.00 Cr | 0 | -1.00 Cr | 0 | 0 | 0 | 23.00 Cr | -8.28 Cr | -2.75 Cr | - | -24.35 Cr | -2.61 Cr |
| Free Cash Flow | -23.00 Cr | -22.00 Cr | -23.00 Cr | 33.00 Cr | 0 | 1.00 Cr | -123.00 Cr | - | -9.22 Cr | -12.87 Cr | -73.02 Cr | 65.78 L |
| Net Change in Cash | 0 | -22.00 Cr | -1.00 Cr | -0 | 0 | -0 | 0 | - | 21.00 L | 55.88 L | 5.75 Cr | -6.36 Cr |
Ratios (Annual)
Figures in %.
| Metric | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin % | - | - | - | - | - | - | - | - | 92.1% | 41.5% | 37.8% | 27.7% |
| Operating Margin % | 2.0% | 17.4% | -2.8% | -7.5% | -560.0% | -1,250.0% | -900.0% | - | -17.1% | 25.0% | 17.3% | 11.3% |
| Net Margin % | 1.3% | -53.6% | -16.1% | -120.1% | -540.0% | -1,200.0% | -500.0% | - | 2.9% | 123.6% | 10.4% | -6.6% |
| ROE % | 0.6% | -48.1% | -31.0% | 248.1% | 26.0% | 18.8% | -100.0% | - | 0.2% | 50.7% | 4.4% | -5.8% |
| ROCE % | - | - | - | - | - | - | - | - | -1.4% | 10.2% | 7.0% | 9.5% |
Shareholding Pattern
Analyst View
Analyst aggregate. Targets and ratings update periodically; not investment advice.
Latest News
Recent headlines for MICEL
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MICEL — Frequently Asked Questions
What is the current share price of MIC Electronics Limited (MICEL)?
As of 2026-07-15 09:52 IST, MIC Electronics Limited (MICEL) trades at ₹37.70 on NSE. Its 52-week range is ₹29.97 to ₹78.59.
What is the market capitalisation of MICEL?
MIC Electronics Limited (MICEL) has a market capitalisation of ₹908.61 Cr on NSE.
What is the P/E ratio of MICEL?
MICEL trades at a trailing price-to-earnings (P/E) ratio of 94.25. The industry average P/E is 27.67. Its price-to-book (P/B) ratio is 4.18.
What is the return on equity (ROE) of MICEL?
MICEL has a return on equity (ROE) of -5.84%. Its return on capital employed (ROCE) is 10.01%.
Is MICEL a good stock to buy?
This page provides a data-driven analysis of MIC Electronics Limited (MICEL), including valuation ratios, profitability, growth trends, auto-generated pros and cons, peer comparison and AI exposure. Review these fundamentals alongside your own research and risk tolerance. This is informational content, not investment advice.