Want to see IN:MICEL full AI Analyst Report?
Top Page
MIC Electronics Limited
(MICEL)
Select Model
Select Model
Rating:47Neutral
Price Target:
₹41.00
▲(13.76% Upside)
Action:Reiterated
Date:07/08/26
The score is primarily held back by weak technicals (price below key moving averages with negative MACD) and elevated fundamental risk from historically poor cash conversion and volatile profitability. These concerns outweigh the notable strength in revenue momentum and the improved balance-sheet leverage profile.
Positive Factors
Strong Revenue Acceleration
Rapid top-line expansion indicates stronger demand for MICEL’s LED display and lighting solutions. If supported by repeat project wins and delivery capacity, this growth can improve operating scale and strengthen the company’s market position over the next several quarters.
Negative Factors
Historically Weak Cash Conversion
Persistent negative cash generation shows that reported business activity has not reliably converted into liquidity. This can constrain project execution, increase funding needs and weaken resilience unless the recent positive cash-flow shift proves sustainable.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong Revenue Acceleration
Rapid top-line expansion indicates stronger demand for MICEL’s LED display and lighting solutions. If supported by repeat project wins and delivery capacity, this growth can improve operating scale and strengthen the company’s market position over the next several quarters.
Read all positive factors
MIC Electronics Limited (MICEL) vs. iShares MSCI India ETF (INDA)
Market Cap
₹9.18B
Dividend YieldN/A
Average Volume (3M)45.63K
Price to Earnings (P/E)―
Beta (1Y)2.38
Revenue Growth132.73%
EPS Growth-227.63%
CountryIN
Employees90
SectorGeneral
Sector StrengthN/A
IndustryHardware, Equipment & Parts
Share Statistics
EPS (TTM)-0.50
Shares Outstanding241,011,570
10 Day Avg. Volume85,260
30 Day Avg. Volume45,626
Financial Highlights & Ratios
PEG Ratio0.24
Price to Book (P/B)3.34
Price to Sales (P/S)3.79
P/FCF Ratio1.10K
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
MIC Electronics Limited Business Overview & Revenue Model
Company Description
MIC Electronics Limited is a global enterprise focused on the engineering, production, and marketing of LED video display technologies, alongside a variety of electronic and telecommunication apparatus. Its comprehensive product offerings include:...
How the Company Makes Money
MICEL primarily generates revenue by selling LED display and lighting products and by executing projects that involve supplying, installing, and commissioning these systems for clients. Key revenue streams typically include (1) product sales of LE...
MIC Electronics Limited Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
70
Positive
Cash Flow
28
Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 2.23B | 1.91B | 947.64M | 545.75M | 58.92M | 449.47M |
| Gross Profit | 442.59M | 386.04M | 229.65M | 155.36M | 78.70M | 85.57M |
| EBITDA | 266.41M | 264.04M | 192.85M | 209.15M | 26.93M | 76.79M |
| Net Income | -121.69M | -126.34M | 96.94M | 618.39M | 2.44M | 29.63M |
Balance Sheet | ||||||
| Total Assets | 0.00 | 3.54B | 3.14B | 1.41B | 874.00M | 750.75M |
| Cash, Cash Equivalents and Short-Term Investments | 109.55M | 109.55M | 142.41M | 8.92M | 8.00M | 1.43M |
| Total Debt | 0.00 | 441.91M | 435.70M | 116.54M | 161.60M | 78.84M |
| Total Liabilities | -2.17B | 1.37B | 914.00M | 187.97M | 233.80M | 113.01M |
| Stockholders Equity | 2.17B | 2.16B | 2.23B | 1.22B | 601.20M | 627.74M |
Cash Flow | ||||||
| Free Cash Flow | -5.59M | 6.58M | -730.18M | -97.42M | -87.10M | -658.60M |
| Operating Cash Flow | 3.24M | 32.73M | -486.65M | -97.42M | -47.60M | -575.79M |
| Investing Cash Flow | -28.64M | -25.80M | -671.93M | 155.28M | -49.70M | -86.07M |
| Financing Cash Flow | -31.66M | -70.50M | 1.22B | -52.27M | 98.10M | 662.25M |
MIC Electronics Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
69 Neutral | ₹276.99B | 75.43 | ― | 0.20% | 53.03% | 70.86% | |
60 Neutral | ₹146.26B | 112.32 | ― | ― | 44.38% | 65.54% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
54 Neutral | ₹162.45B | 76.72 | ― | 0.04% | 15.15% | -25.62% | |
53 Neutral | ₹67.85B | 80.83 | ― | ― | -11.90% | 26.33% | |
47 Neutral | ₹9.18B | -74.74 | ― | ― | 132.73% | -227.63% | |
43 Neutral | ₹52.50B | 105.21 | ― | 0.17% | -1.41% | 605.33% |
* General Sector Average
IN:MICEL
MIC Electronics Limited
37.32
-18.60
-33.26%
IN:AVALON
Avalon Technologies Limited
2,247.45
1,383.20
160.05%
IN:CENTUM
Centum Electronics Limited
3,780.75
955.96
33.84%
IN:CYIENTDLM
Cyient DLM Limited
836.40
406.80
94.69%
IN:PGEL
PG Electroplast Limited
555.00
0.34
0.06%
IN:SYRMA
Syrma SGS Technology Limited
1,452.40
618.85
74.24%
MIC Electronics Limited Corporate Events
MIC Electronics Publishes Notice for 38th AGM and E-Voting in Newspapers
Aug 24, 2026
MIC Electronics Limited has notified the stock exchanges that it has published the notice of its 38th Annual General Meeting, together with details of the e-voting facility, in leading English and Telugu newspapers. The company stated that the adv...
MIC Electronics Reports No Demat Activity in SEBI Compliance Filing
Jul 11, 2026
MIC Electronics Limited has submitted a compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended June 30, 2026 to BSE and the National Stock Exchange of India. The certificat...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.