MIC Electronics Limited (MICEL) AI Stock Analysis

• Market Cap: ₹13.00B
• Dividend Yield: N/A
• Average Volume (3M): 2.79M
• Price to Earnings (P/E): 135.8
• Beta (1Y): 2.46
• Revenue Growth: 55.60%
• EPS Growth: -86.02%
• Country: IN
• Employees: 82
• Sector: Technology
• Sector Strength: 88
• Industry: Hardware, Equipment & Parts
• EPS (TTM): 0.09
• Shares Outstanding: 241,011,570
• 10 Day Avg. Volume: 495,336
• 30 Day Avg. Volume: 2,788,896
• PEG Ratio: -1.62
• Price to Book (P/B): 6.05
• Price to Sales (P/S): 14.21
• P/FCF Ratio: -18.44
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: ₹57.00
• Price Target Upside: 5.65% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 1

• Rating: 46 Neutral
• Price Target: ₹57.00 ▲(5.65% Upside)

The overall stock score is primarily influenced by financial performance challenges, including negative cash flow and high leverage. Technical analysis indicates potential for a rebound, but high valuation limits attractiveness. The lack of earnings call and corporate events data did not impact the score.

MIC Electronics Limited Business Overview & Revenue Model

Company Description

MIC Electronics Limited designs, develops, manufactures, and sells LED video displays, and electronic and telecommunication equipment worldwide. The company offers indoor lighting products comprising area lights, down lights, tube lights, and bulbs; outdoor lighting products, such as street, parking, and industrial lights; solar lighting products, including street and home lighting products; and portable products, such as lanterns, home lights, and angels. 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; mobile displays comprising trailer and truck displays; and application-specific displays, such as passenger information displays and infrastructure equipment for digital theme parks, as well as oxygen concentrators. The company was incorporated in 1988 and is headquartered in Hyderabad, India.

How the Company Makes Money

MIC Electronics Limited generates revenue primarily through the sale of its LED display products and solutions. The company targets various industries such as advertising, sports, transportation, and entertainment, providing them with customized LED display systems. Additionally, MICEL may engage in service contracts for installation, maintenance, and technical support of its products, which contribute to its revenue streams. The company may also collaborate with partners and distributors to broaden its market reach, though specific partnerships are not detailed here.

MIC Electronics Limited Financial Statement Overview

Summary

MIC Electronics Limited has shown revenue growth and operational efficiency, but faces challenges with profitability margins and cash flow health. The balance sheet is strong in equity but indicates potential over-leveraging risks.

Income Statement

MIC Electronics Limited has shown significant revenue growth with a substantial increase from 2024 to 2025. However, despite the growth, the net profit margin decreased due to lower net income relative to revenue. The gross profit margin is moderate, reflecting decent cost management but with room for improvement. EBIT and EBITDA margins are positive, indicating operational efficiency, but the volatility in net income raises concerns about sustained profitability.

Balance Sheet

The company has a relatively healthy equity position with a strong equity ratio, but the debt-to-equity ratio suggests moderate leverage, which could pose risks if not managed carefully. Return on equity is positive, driven by recent net income improvements, indicating that stockholder investments are yielding returns. However, the significant increase in total assets and liabilities over the years highlights potential risk of over-leveraging.

Cash Flow

MIC Electronics' cash flow situation is challenging, with consistent negative free cash flow indicating difficulties in generating cash from operations. The operating cash flow to net income ratio is unfavorable, suggesting cash generation issues relative to reported profits. The free cash flow to net income ratio also reflects cash constraints, raising concerns about liquidity and the ability to fund operations without external financing.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	947.64M	947.64M	545.75M	58.92M	449.47M	10.90M
Gross Profit	229.65M	229.65M	155.36M	78.70M	85.57M	3.66M
EBITDA	192.85M	192.85M	209.15M	26.93M	76.79M	14.96M
Net Income	98.31M	96.94M	618.39M	2.44M	29.63M	-54.16M
Balance Sheet
Total Assets	3.14B	3.14B	1.41B	874.00M	750.75M	649.52M
Cash, Cash Equivalents and Short-Term Investments	142.41M	142.41M	8.92M	8.00M	1.43M	1.04M
Total Debt	435.70M	435.70M	116.54M	161.60M	78.84M	328.50M
Total Liabilities	914.00M	914.00M	187.97M	233.80M	113.01M	599.45M
Stockholders Equity	2.23B	2.23B	1.22B	601.20M	627.74M	50.07M
Cash Flow
Free Cash Flow	0.00	-730.18M	-97.42M	-87.10M	-658.60M	-1.46B
Operating Cash Flow	0.00	-486.65M	-97.42M	-47.60M	-575.79M	-1.46B
Investing Cash Flow	0.00	-671.93M	155.28M	-49.70M	-86.07M	204.75M
Financing Cash Flow	0.00	1.22B	-52.27M	98.10M	662.25M	1.26B

MIC Electronics Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 53.95
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:MICEL, the sentiment is Negative. The current price of 53.95 is below the 20-day moving average (MA) of 58.12, below the 50-day MA of 57.30, and below the 200-day MA of 60.68, indicating a bearish trend. The MACD of -1.41 indicates Positive momentum. The RSI at 41.90 is Neutral, neither overbought nor oversold. The STOCH value of 15.92 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:MICEL.

MIC Electronics Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SAKSOFT	67 Neutral	₹24.25B	20.15	―	0.44%	19.50%	18.47%
ELIN	63 Neutral	₹9.44B	28.60	―	0.84%	9.31%	98.90%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
IKIO	56 Neutral	₹16.14B	72.43	―	0.48%	4.89%	-62.30%
TVSELECT	50 Neutral	₹10.73B	―	―	0.17%	7.32%	-364.89%
SUBEXLTD	50 Neutral	₹7.67B	―	―	―	-8.61%	95.97%
MICEL	46 Neutral	₹13.00B	135.79	―	―	55.60%	-86.02%

MIC Electronics Limited Corporate Events

MIC Electronics Limited Announces 37th AGM Details

MIC Electronics Limited has announced the scheduling of its 37th Annual General Meeting (AGM) on September 29, 2025. The company has published notices in Business Standard and Telugu Prabha newspapers, detailing the AGM’s agenda, procedures for remote e-voting, and the dispatch of the annual report for the fiscal year 2024-25. This announcement is significant for stakeholders as it outlines the company’s compliance with regulatory requirements and provides insights into its operational plans for the upcoming year.