NSEI:MIC

Stock Analysis Report

Executive Summary

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

Snowflake

Fundamentals

Mediocre balance sheet with weak fundamentals.

Risks

  • MIC Electronics has significant price volatility in the past 3 months.
  • MIC Electronics is not covered by any analysts.

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


Market Performance


7 Day Return

-15.8%

NSEI:MIC

-10.9%

IN Semiconductor

-2.1%

IN Market


1 Year Return

-72.9%

NSEI:MIC

-43.1%

IN Semiconductor

-14.7%

IN Market

MIC underperformed the Semiconductor industry which returned -43.1% over the past year.

MIC underperformed the Market in India which returned -14.6% over the past year.


Share holder returns

MICIndustryMarket
7 Day-15.8%-10.9%-2.1%
30 Day33.3%-12.1%-3.9%
90 Day-15.8%-22.3%-10.1%
1 Year-72.9%-72.9%-43.1%-43.1%-12.9%-14.7%
3 Year-94.1%-94.1%-35.1%-35.1%17.7%11.5%
5 Year-82.4%-82.4%-44.0%-45.0%35.4%22.5%

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

Valuation

Is MIC Electronics undervalued based on future cash flows and its price relative to the stock market?


In this section, we usually try to help investors determine whether MIC Electronics is trading at an attractive price based on the cash flow it is expected to produce in the future. But as MIC Electronics has not provided consistent financial data, and the stock also has no analyst forecast or coverage, its intrinsic value cannot be reliably calculated by extrapolating past data or using analyst consensus cash flow predictions.

This is quite a rare situation as 89% of companies covered by Simply Wall St do have a valuation analysis.


Next Steps

  • Take a look at our analysis of MIC’s management and see if the CEO’s compensation is within a reasonable range, who is on the board and if insiders have been trading lately.
  • When valuing a company like this, investors focus more on how they perceive the size of the opportunity, the company's ability to deliver and scale, and the strength of the team. While we are not analysing this type of data at the moment, if you don’t know where to start, we recommend reading through MIC Electronics regulatory filings.
  • Explore potentially undervalued companies in the Semiconductors industry.

Future Growth

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

28.4%

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?

-29.5%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

MIC Electronics does not make a profit and their year on year earnings growth rate was negative over the past 5 years.

Unable to compare MIC Electronics's 1-year earnings growth to the 5-year average as it is not currently profitable.

Unable to compare MIC Electronics's 1-year growth to the Asia Semiconductor industry average as it is not currently profitable.


Return on Equity

It is difficult to establish if MIC Electronics has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) due to its liabilities exceeding its assets.


Return on Assets

It is difficult to establish if MIC Electronics has efficiently used its assets last year compared to the Asia Semiconductor industry average (Return on Assets) as it is loss-making.


Return on Capital Employed

It is difficult to establish if MIC Electronics improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to its liabilities exceeding its assets.


Next Steps

Financial Health

How is MIC Electronics's financial position?


Financial Position Analysis

MIC Electronics's short term (1 year) commitments are greater than its holdings of cash and other short term assets.

MIC Electronics's cash and other short term assets cover its long term commitments.


Debt to Equity History and Analysis

MIC Electronics has negative shareholder equity (liabilities exceed assets), this is a more serious situation compared with a high debt level.

Irrelevant to check if MIC Electronics's debt level has increased considering it has negative shareholder equity.


Balance Sheet

High level of physical assets or inventory.

MIC Electronics 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.

Whilst loss making MIC Electronics has sufficient cash runway for more than 3 years if it maintains the current positive free cash flow level.

Whilst loss making MIC Electronics has sufficient cash runway for more than 3 years, even with free cash flow being positive and shrinking by -200.1% per year.


Next Steps

Dividend

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


Dividend Yield and Payments Analysis

Unable to evaluate MIC Electronics's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.

Unable to evaluate MIC Electronics's dividend against the top 25% market benchmark as the company has not reported any payouts.

Unable to perform a dividend volatility check as MIC Electronics has not reported any payouts.

Unable to verify if MIC Electronics's dividend has been increasing as the company has not reported any payouts.


Current Payout to Shareholders

Unable to calculate sustainability of dividends as MIC Electronics has not reported any payouts.


Future Payout to Shareholders

Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.


Next Steps

Management

What is the CEO of MIC Electronics's salary, the management and board of directors tenure and is there insider trading?

14.3yrs

Average management tenure


CEO

Maganti Venkata Rao (59yo)

0.0yrs

Tenure

0

Dr. Venkata Ramana Rao Maganti, B.E., M.E.m, Ph.D. has been the Chairman of MIC Electronics Ltd., since November 28, 2012 and as its Managing Director since May 18, 1998. Dr. Maganti serves as the Chief Ex ...


CEO Compensation Analysis

Maganti Venkata's remuneration is lower than average for companies of similar size in India.

Maganti Venkata's compensation has been consistent with company performance over the past year, both up more than 20%.


Management Age and Tenure

14.3yrs

Average Tenure

59yo

Average Age

The average tenure for the MIC Electronics management team is over 5 years, this suggests they are a seasoned and experienced team.


Board Age and Tenure

7.5yrs

Average Tenure

59yo

Average Age

The tenure for the MIC Electronics board of directors is about average.


Insider Trading

No 3 month open market individual insider trading information.


Ownership Breakdown


Management Team

  • Govindappa Gadaputi

    Chief of Business Development & Marketing

    • Tenure: 14.3yrs
    • Compensation: ₹600.00k
  • Lingamaneni Rao (59yo)

    CFO & Executive Director

    • Tenure: 23.3yrs
  • Maganti Venkata Rao (59yo)

    MD, Chairman & CEO

    • Tenure: 0.0yrs
  • Borapureddi Sridhar (54yo)

    Chief Manager of Telecom Embedded Software

    • Tenure: 24.3yrs
    • Compensation: ₹890.64k
  • N. Rao

    Chief Manager of Customer Support

    • Tenure: 15.3yrs
    • Compensation: ₹230.64k
  • Chenumolu Rao

    Director of Marketing

    • Tenure: 13.1yrs
    • Compensation: ₹600.00k
  • T. Kumar

    Chief Manager

    • Tenure: 23.3yrs
    • Compensation: ₹650.64k
  • V. Sambaiah

    Chief Manager of Wireless Communications

    • Tenure: 0.0yrs
    • Compensation: ₹500.00k
  • Manoj Kumar

    Senior General Manager of Sales

    • Tenure: 12.4yrs
  • M.S. Krishnan

    Company Secretary & Compliance Officer

    • Tenure: 0.0yrs

Board Members

  • Lingamaneni Rao (59yo)

    CFO & Executive Director

    • Tenure: 23.3yrs
  • Maganti Venkata Rao (59yo)

    MD, Chairman & CEO

    • Tenure: 0.0yrs
  • Veera V. S. S. C. Bhima Sekhar Alla (56yo)

    Independent Non-Executive Director

    • Tenure: 7.5yrs
    • Compensation: ₹144.00k

Company Information

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


Key Information

  • Name: MIC Electronics Limited
  • Ticker: MIC
  • Exchange: NSEI
  • Founded: 1988
  • Industry: Semiconductors
  • Sector: Semiconductors
  • Market Cap: ₹171.798m
  • Shares outstanding: 220.25m
  • Website: https://www.mic.in

Number of Employees


Location

  • MIC Electronics Limited
  • A-4/II, Electronic Complex
  • Kushaiguda
  • Hyderabad
  • Andhra Pradesh
  • 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 scr ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/24 12:54
End of Day Share Price2019/08/23 00:00
Earnings2019/06/30
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.