BSE:532850

Stock Analysis Report

Executive Summary

MIC Electronics Limited designs, develops, manufactures, and sells LED video displays, and electronic and telecommunication equipment worldwide.


Snowflake Analysis

Weak fundamentals or lack of information.


Similar Companies

Share Price & News

How has MIC Electronics's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: 532850's share price has been volatile over the past 3 months.


Market Performance


7 Day Return

-4.2%

532850

-1.1%

IN Semiconductor

-3.6%

IN Market


1 Year Return

-56.2%

532850

-52.0%

IN Semiconductor

-32.1%

IN Market

Return vs Industry: 532850 underperformed the Indian Semiconductor industry which returned -51.5% over the past year.

Return vs Market: 532850 underperformed the Indian Market which returned -30.7% over the past year.


Shareholder returns

532850IndustryMarket
7 Day-4.2%-1.1%-3.6%
30 Day-16.4%-24.9%-26.9%
90 Dayn/a-37.1%-31.5%
1 Year-56.2%-56.2%-51.8%-52.0%-30.7%-32.1%
3 Year-96.9%-96.9%-69.6%-69.6%-19.7%-24.1%
5 Year-95.5%-95.5%-76.5%-76.9%-10.4%-15.2%

Price Volatility Vs. Market

How volatile is MIC Electronics's share price compared to the market and industry in the last 5 years?


Simply Wall St News

No news available

Valuation

Is MIC Electronics undervalued compared to its fair value and its price relative to the market?


Share Price vs. Fair Value

Below Fair Value: 532850 (₹0.46) is trading above our estimate of fair value (₹0.15)

Significantly Below Fair Value: 532850 is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: 532850 is unprofitable, so we can't compare its PE Ratio to the Semiconductor industry average.

PE vs Market: 532850 is unprofitable, so we can't compare its PE Ratio to the Indian market.


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate 532850's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: 532850 has negative assets, so we can't compare its PB Ratio to the IN Semiconductor industry average.


Next Steps

Future Growth

How is MIC Electronics forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

24.1%

Forecasted Semiconductors industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as MIC Electronics has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has MIC Electronics performed over the past 5 years?

-21.8%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: 532850 is currently unprofitable.

Growing Profit Margin: 532850 is currently unprofitable.


Past Earnings Growth Analysis

Earnings Trend: 532850 is unprofitable, and losses have increased over the past 5 years at a rate of -21.8% per year.

Accelerating Growth: Unable to compare 532850's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: 532850 is unprofitable, making it difficult to compare its past year earnings growth to the Semiconductor industry (-4.5%).


Return on Equity

High ROE: 532850's liabilities exceed its assets, so it is difficult to calculate its Return on Equity.


Next Steps

Financial Health

How is MIC Electronics's financial position?


Financial Position Analysis

Short Term Liabilities: 532850 has negative shareholder equity, which is a more serious situation than short term assets not covering short term liabilities.

Long Term Liabilities: 532850 has negative shareholder equity, which is a more serious situation than short term assets not covering long term liabilities.


Debt to Equity History and Analysis

Debt Level: 532850 has negative shareholder equity, which is a more serious situation than a high debt level.

Reducing Debt: 532850's has negative shareholder equity, so we do not need to check if its debt has reduced over time.


Balance Sheet

Inventory Level: 532850 has a high level of physical assets or inventory.

Debt Coverage by Assets: 532850 has negative shareholder equity (liabilities exceed assets) therefore debt is not covered by short term assets.


Cash Runway Analysis

For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.

Stable Cash Runway: Insufficient data to determine if 532850 has enough cash runway based on its current free cash flow.

Forecast Cash Runway: Insufficient data to determine if 532850 has enough cash runway if its free cash flow continues to grow or shrink based on historical rates.


Next Steps

Dividend

What is MIC Electronics's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

Notable Dividend: Unable to evaluate 532850's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate 532850's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.


Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if 532850's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 532850's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: 532850 is not paying a notable dividend for the Indian market.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of 532850's dividend in 3 years as they are not forecast to pay a notable one for the Indian market.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

15.0yrs

Average management tenure


CEO

Venkata Ramana Maganti (59yo)

no data

Tenure

Dr. Venkata Ramana Rao Maganti, B.E., M.E.m, Ph.D. has been Managing Director since May 18, 1998. Dr. Maganti serves as the Chief Executive Officer of MIC Electronics Limited and served as its Chairman of  ...


CEO Compensation Analysis

Compensation vs Market: Venkata Ramana's total compensation ($USD0.00) is below average for companies of similar size in the Indian market ($USD47.81K).

Compensation vs Earnings: Venkata Ramana's compensation has increased whilst the company is unprofitable.


Leadership Team

NamePositionTenureCompensationOwnership
Venkata Ramana Maganti
MD & CEOno datano data7.5% 7.6m
Lingamaneni Naga Rao
Chief Financial Officer3.92yrsno data1.1% 1.1m
Sadasivan Murali Madurai
Company Secretary & Compliance Officerno datano datano data
Govindappa Gadaputi
Chief of Business Development & Marketing15yrs₹600.00kno data
Manoj Kumar
Senior General Manager of Sales13.08yrsno datano data
Borapureddi Sridhar
Chief Manager of Telecom Embedded Software25yrs₹890.64kno data
N. Rao
Chief Manager of Customer Support16yrs₹230.64kno data
T. Kumar
Chief Manager23.92yrs₹650.64kno data
V. Sambaiah
Chief Manager of Wireless Communicationsno data₹500.00kno data
Vishnu Ravi
Executive Director0.67yrno datano data

15.0yrs

Average Tenure

58yo

Average Age

Experienced Management: 532850's management team is seasoned and experienced (15 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Vishnu Ravi
Executive Director0.67yrno datano data
Siva Kakarala
Non-executive Director0.67yrno data1.04% 1.1m
Medasani Srinivas
Independent Director0.67yrno datano data
K Upadhyayula
Independent Director0.33yrno datano data

0.7yrs

Average Tenure

57yo

Average Age

Experienced Board: 532850's board of directors are not considered experienced ( 0.7 years average tenure), which suggests a new board.


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 4%.


Top Shareholders

Company Information

MIC Electronics Limited's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: MIC Electronics Limited
  • Ticker: 532850
  • Exchange: BSE
  • Founded: 1988
  • Industry: Semiconductors
  • Sector: Semiconductors
  • Market Cap: ₹101.317m
  • Shares outstanding: 220.25m
  • Website: https://www.mic.in

Number of Employees


Location

  • MIC Electronics Limited
  • A-4/II, Electronic Complex
  • Kushaiguda
  • Hyderabad
  • 500062
  • India

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
532850BSE (Mumbai Stock Exchange)YesEquity SharesININRMay 2007
MICNSEI (National Stock Exchange of India)YesEquity SharesININRMay 2007

Biography

MIC Electronics Limited designs, develops, manufactures, and sells LED video displays, and electronic and telecommunication equipment worldwide. The company offers indoor displays, such as indoor video screens and digital posters; outdoor displays, including outdoor video walls, digital billboards, digital 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. It also provides 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. In addition, the company offers embedded systems and telecom software. Its indoor/outdoor/mobile LED video displays are used in sports stadiums, transportation hubs, digital theatres and theme parks, advertisements, and public information displays. The company was founded in 1988 and is headquartered in Hyderabad, India. MIC Electronics Limited is in Corporate Insolvency Resolution Process under the Insolvency and Bankruptcy Code 2016. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/04/05 12:48
End of Day Share Price2020/04/01 00:00
Earnings2019/12/31
Annual Earnings2019/03/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.