New Risk • Jul 02
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₹9.45b (US$99.0m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. This is currently the only risk that has been identified for the company. Announcement • Apr 21
MIC Electronics Limited to Report Q4, 2026 Results on Apr 25, 2026 MIC Electronics Limited announced that they will report Q4, 2026 results at 9:08 AM, Indian Standard Time on Apr 25, 2026 Buy Or Sell Opportunity • Apr 08
Now 30% overvalued Over the last 90 days, the stock has fallen 10.0% to ₹37.92. The fair value is estimated to be ₹29.13, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 61% over the last 3 years. Meanwhile, the company has become profitable. New Risk • Feb 27
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 7.4% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (7.4% average weekly change). Profit margins are more than 30% lower than last year (5.0% net profit margin). Reported Earnings • Feb 01
Third quarter 2026 earnings released: EPS: ₹0.08 (vs ₹0.09 in 3Q 2025) Third quarter 2026 results: EPS: ₹0.08 (down from ₹0.09 in 3Q 2025). Revenue: ₹903.7m (up ₹786.3m from 3Q 2025). Net income: ₹18.8m (down 13% from 3Q 2025). Profit margin: 2.1% (down from 18% in 3Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 18% per year but the company’s share price has increased by 45% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jan 26
MIC Electronics Limited to Report Q3, 2026 Results on Jan 31, 2026 MIC Electronics Limited announced that they will report Q3, 2026 results at 12:08 PM, Indian Standard Time on Jan 31, 2026 New Risk • Jan 19
New minor risk - Market cap size The company's market capitalization is less than US$100m. Market cap: ₹9.05b (US$99.6m) This is considered a minor risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks Profit margins are more than 30% lower than last year (9.0% net profit margin). Market cap is less than US$100m (₹9.05b market cap, or US$99.6m). Reported Earnings • Oct 16
Second quarter 2026 earnings released: EPS: ₹0.09 (vs ₹0.09 in 2Q 2025) Second quarter 2026 results: EPS: ₹0.09 (in line with 2Q 2025). Revenue: ₹378.9m (up 38% from 2Q 2025). Net income: ₹21.7m (up 2.0% from 2Q 2025). Profit margin: 5.7% (down from 7.7% in 2Q 2025). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 39% per year but the company’s share price has increased by 67% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Oct 11
MIC Electronics Limited to Report Q2, 2026 Results on Oct 15, 2025 MIC Electronics Limited announced that they will report Q2, 2026 results on Oct 15, 2025 Board Change • Oct 01
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Additional Independent Director Ravinder Surakanti was the last director to join the board, commencing their role in 2025. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Sep 08
Full year 2025 earnings released: EPS: ₹0.41 (vs ₹2.79 in FY 2024) Full year 2025 results: EPS: ₹0.41 (down from ₹2.79 in FY 2024). Revenue: ₹947.6m (up 74% from FY 2024). Net income: ₹98.3m (down 84% from FY 2024). Profit margin: 10% (down from 113% in FY 2024). Over the last 3 years on average, earnings per share has increased by 82% per year but the company’s share price has only increased by 68% per year, which means it is significantly lagging earnings growth. Announcement • Sep 02
MIC Electronics Limited, Annual General Meeting, Sep 29, 2025 MIC Electronics Limited, Annual General Meeting, Sep 29, 2025, at 11:30 Indian Standard Time. New Risk • May 23
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 10% Last year net profit margin: 113% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (43% accrual ratio). Minor Risk Profit margins are more than 30% lower than last year (10% net profit margin). Reported Earnings • May 23
Full year 2025 earnings released: EPS: ₹0.39 (vs ₹2.79 in FY 2024) Full year 2025 results: EPS: ₹0.39 (down from ₹2.79 in FY 2024). Revenue: ₹960.0m (up 76% from FY 2024). Net income: ₹98.3m (down 84% from FY 2024). Profit margin: 10% (down from 113% in FY 2024). Over the last 3 years on average, earnings per share has increased by 82% per year but the company’s share price has only increased by 54% per year, which means it is significantly lagging earnings growth. Announcement • May 16
MIC Electronics Limited to Report Q4, 2025 Results on May 22, 2025 MIC Electronics Limited announced that they will report Q4, 2025 results on May 22, 2025 Valuation Update With 7 Day Price Move • Apr 17
Investor sentiment improves as stock rises 15% After last week's 15% share price gain to ₹60.46, the stock trades at a trailing P/E ratio of 26.1x. Average trailing P/E is 46x in the Semiconductor industry in India. Total returns to shareholders of 244% over the past three years. New Risk • Apr 15
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 8.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. This is currently the only risk that has been identified for the company. Valuation Update With 7 Day Price Move • Mar 10
Investor sentiment improves as stock rises 20% After last week's 20% share price gain to ₹64.20, the stock trades at a trailing P/E ratio of 27.7x. Average trailing P/E is 47x in the Semiconductor industry in India. Total returns to shareholders of 206% over the past three years. Announcement • Mar 03
MIC Electronics Limited Announces Resignation of Venumuddala Vivek Reddy as Chief Operating Officer, Effective March 31, 2025 MIC Electronics Limited announced resignation of Mr. Venumuddala Vivek Reddy as Chief Operating Officer, due to personal reasons. His last working day shall be March 31, 2025. Reported Earnings • Feb 14
Third quarter 2025 earnings released: EPS: ₹0.09 (vs ₹0.12 in 3Q 2024) Third quarter 2025 results: EPS: ₹0.09 (down from ₹0.12 in 3Q 2024). Revenue: ₹117.5m (down 33% from 3Q 2024). Net income: ₹21.7m (down 20% from 3Q 2024). Profit margin: 18% (up from 16% in 3Q 2024). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 84% per year but the company’s share price has only increased by 44% per year, which means it is significantly lagging earnings growth. Announcement • Feb 03
MIC Electronics Limited to Report Q3, 2025 Results on Feb 12, 2025 MIC Electronics Limited announced that they will report Q3, 2025 results on Feb 12, 2025 New Risk • Nov 23
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 7.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (100% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (7.6% average weekly change). Shareholders have been diluted in the past year (8.8% increase in shares outstanding). Reported Earnings • Nov 13
Second quarter 2025 earnings released: EPS: ₹0.09 (vs ₹0.39 in 2Q 2024) Second quarter 2025 results: EPS: ₹0.09 (down from ₹0.39 in 2Q 2024). Revenue: ₹276.8m (up 169% from 2Q 2024). Net income: ₹21.3m (down 75% from 2Q 2024). Profit margin: 7.7% (down from 83% in 2Q 2024). The decrease in margin was driven by higher expenses. Announcement • Nov 05
MIC Electronics Limited to Report Q2, 2025 Results on Nov 12, 2024 MIC Electronics Limited announced that they will report Q2, 2025 results on Nov 12, 2024 Valuation Update With 7 Day Price Move • Nov 02
Investor sentiment improves as stock rises 17% After last week's 17% share price gain to ₹96.09, the stock trades at a trailing P/E ratio of 37x. Average trailing P/E is 111x in the Semiconductor industry in India. Total returns to shareholders of 143% over the past year. Board Change • Sep 21
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Director Deepayan Mohanty was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. New Risk • Sep 19
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 7.9% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (7.9% average weekly change). Large one-off items impacting financial results. Shareholders have been diluted in the past year (8.8% increase in shares outstanding). Valuation Update With 7 Day Price Move • Sep 13
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₹94.46, the stock trades at a trailing P/E ratio of 36.4x. Average trailing P/E is 139x in the Semiconductor industry in India. Total returns to shareholders of 235% over the past year. Announcement • Aug 27
MIC Electronics Limited Appoints Deepayan Mohanty as Independent Director MIC Electronics Limited announced the appointment of Mr. Deepayan Mohanty as Independent Director of the company for a term of 5 years with effect from August 10, 2024, at the AGM held on August 27, 2024. Announcement • Aug 19
MIC Electronics Limited Announces Resignation of Subhash Lingareddy Somod, Independent Director MIC Electronics Limited hereby informed that Mr. Subhash Lingareddy Somod (DIN: 09501374), Independent Director of the Company, has submitted his resignation letter dated August 17, 2024. Which was received on August 18, 2024. Detailed reasons for the Resignation: Due to pre-occupations. Reported Earnings • Jul 25
First quarter 2025 earnings released: EPS: ₹0.08 (vs ₹0.06 in 1Q 2024) First quarter 2025 results: EPS: ₹0.08 (up from ₹0.06 in 1Q 2024). Net income: ₹19.7m (up 59% from 1Q 2024). Over the last 3 years on average, earnings per share has increased by 109% per year but the company’s share price has increased by 301% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jul 16
MIC Electronics Limited to Report Q1, 2025 Results on Jul 23, 2024 MIC Electronics Limited announced that they will report Q1, 2025 results on Jul 23, 2024 Announcement • Jul 09
Mic Electronics Limited Announces Resignation of Kalidindi Satyanarayana Raju as Chief Executive Officer, Effective July 10, 2024 MIC Electronics Limited informed that Mr. Kalidindi Satyanarayana Raju, Chief Executive Officer of the company vide his letter dated July 08, 2024, tendered his resignation due to his personal reasons. Mr. K. S. Raju, will be relieved from the services of the Company with effect from the close of business hours of July 10, 2024. New Risk • Jul 06
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 8.8% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (65% accrual ratio). Minor Risks Share price has been volatile over the past 3 months (8.6% average weekly change). Shareholders have been diluted in the past year (8.8% increase in shares outstanding). Valuation Update With 7 Day Price Move • Jun 28
Investor sentiment improves as stock rises 28% After last week's 28% share price gain to ₹82.24, the stock trades at a trailing P/E ratio of 29.5x. Average trailing P/E is 153x in the Semiconductor industry in India. Total returns to shareholders of 6,226% over the past three years. New Risk • Jun 20
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (43% accrual ratio). Minor Risks Latest financial reports are more than 6 months old (reported September 2023 fiscal period end). Share price has been volatile over the past 3 months (8.1% average weekly change). Revenue is less than US$5m (₹370m revenue, or US$4.4m). Reported Earnings • Jun 18
Full year 2024 earnings released Full year 2024 results: Net income: ₹618.4m (up ₹616.0m from FY 2023). New Risk • May 29
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended September 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risk High level of non-cash earnings (43% accrual ratio). Minor Risks Latest financial reports are more than 6 months old (reported September 2023 fiscal period end). Share price has been volatile over the past 3 months (8.8% average weekly change). Revenue is less than US$5m (₹370m revenue, or US$4.4m). Announcement • May 12
MIC Electronics Limited to Report Q4, 2024 Results on May 21, 2024 MIC Electronics Limited announced that they will report Q4, 2024 results on May 21, 2024 New Risk • Apr 25
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Indian stocks, typically moving 10% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (10% average weekly change). High level of non-cash earnings (43% accrual ratio). Minor Risk Revenue is less than US$5m (₹370m revenue, or US$4.4m). Valuation Update With 7 Day Price Move • Mar 14
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₹37.90, the stock trades at a trailing P/E ratio of 74.1x. Average trailing P/E is 147x in the Semiconductor industry in India. Total returns to shareholders of 3,889% over the past three years. Valuation Update With 7 Day Price Move • Feb 05
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹40.70, the stock trades at a trailing P/E ratio of 79.6x. Average trailing P/E is 123x in the Semiconductor industry in India. Total returns to shareholders of 3,776% over the past three years. Announcement • Jan 29
MIC Electronics Limited to Report Q3, 2024 Results on Feb 06, 2024 MIC Electronics Limited announced that they will report Q3, 2024 results on Feb 06, 2024 Reported Earnings • Nov 12
Second quarter 2024 earnings released: EPS: ₹0.39 (vs ₹0.003 loss in 2Q 2023) Second quarter 2024 results: EPS: ₹0.39 (up from ₹0.003 loss in 2Q 2023). Revenue: ₹104.7m (up 403% from 2Q 2023). Net income: ₹85.5m (up ₹86.2m from 2Q 2023). Profit margin: 82% (up from net loss in 2Q 2023). Over the last 3 years on average, earnings per share has increased by 124% per year but the company’s share price has increased by 296% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Nov 05
MIC Electronics Limited to Report Q2, 2024 Results on Nov 11, 2023 MIC Electronics Limited announced that they will report Q2, 2024 results on Nov 11, 2023 New Risk • Oct 28
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 7.5% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Share price has been volatile over the past 3 months (7.5% average weekly change). Revenue is less than US$5m (₹288m revenue, or US$3.4m). Announcement • Jul 22
MIC Electronics Limited Announces Executive Changes MIC Electronics Limited announced that at its board meeting held on July 20, 2023, approved appointment of Mr. Kalidindi Satyanarayana Raju as chief executive officer (KMP) of the company in the place of Mr. Srinivasan Arunachalam with effect from July 20, 2023. K.S. Raju, aged 56 Years is having 30 years experience in various management roles and responsibilities in a leading manufacturing and IT companies. He is a Mechanical Engineer with ICT background and knowledge of Railway systems. Reported Earnings • Jul 21
First quarter 2024 earnings released: EPS: ₹0.06 (vs ₹0.06 loss in 1Q 2023) First quarter 2024 results: EPS: ₹0.06 (up from ₹0.06 loss in 1Q 2023). Revenue: ₹84.8m (up 250% from 1Q 2023). Net income: ₹12.4m (up ₹24.8m from 1Q 2023). Profit margin: 15% (up from net loss in 1Q 2023). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 118% per year but the company’s share price has increased by 192% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Jul 14
MIC Electronics Limited to Report Q1, 2024 Results on Jul 20, 2023 MIC Electronics Limited announced that they will report Q1, 2024 results on Jul 20, 2023 New Risk • Jul 10
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Indian stocks, typically moving 8.7% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (8.7% average weekly change). Minor Risks Profit margins are more than 30% lower than last year (0.9% net profit margin). Revenue is less than US$5m (₹229m revenue, or US$2.8m). Market cap is less than US$100m (₹5.18b market cap, or US$62.7m). Reported Earnings • May 30
Full year 2023 earnings released: EPS: ₹0.01 (vs ₹0.13 in FY 2022) Full year 2023 results: EPS: ₹0.01 (down from ₹0.13 in FY 2022). Revenue: ₹248.5m (down 45% from FY 2022). Net income: ₹2.00m (down 93% from FY 2022). Profit margin: 0.8% (down from 6.6% in FY 2022). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 110% per year but the company’s share price has increased by 203% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 27
MIC Electronics Limited Announces Management Changes MIC Electronics Limited at its board meeting held on May 26, 2023 appointed Mrs. Lakshmi Sowjanya Alla as Company Secretary & Compliance Officer of the Company with effect from 27th May, 2023 the company also took note of resignation of Mr. Manideep Katepalli from the position of Director (Independent Director) and Member of Nomination and Remuneration Committee and Stakeholders Relationship Committee. of the Company w.e.f. closing business hours of 26th May, 2023. Composition of Nomination and Remuneration Committee: Mrs. Venkata Naga Lavanya Kandala (Chairman), Mr. Srinivas Rao Kolli and Mrs. Karuna Gayathri Upadhyayula. Composition of Stakeholders Relationship Committee: Mr. Srinivas Rao Kolli (Chairman), Mrs. Venkata Naga Lavanya Kandala and Mr. Kaushik Yalamanchili. and Composition of Management Committee: Mr. Srinivas Rao Kolli(Chairman), Mr. Kaushik Yalamanchili and Mr. M S Sivanand. Mrs. Lakshmi Sowjanya Alla is a qualified Company Secretary with Membership No: A44779 from the Institute of Company Secretaries of India. She is post graduated in Master of Computer Applications (MCA) and an LLB graduate. She is having comprehensive experience of 7 years in secretarial, compliance and legal departments across various organizations. Reported Earnings • Feb 15
Third quarter 2023 earnings released: ₹0.04 loss per share (vs ₹1.30 profit in 3Q 2022) Third quarter 2023 results: ₹0.04 loss per share (down from ₹1.30 profit in 3Q 2022). Revenue: ₹71.2m (down 74% from 3Q 2022). Net loss: ₹9.10m (down 113% from profit in 3Q 2022). Over the last 3 years on average, earnings per share has increased by 100% per year but the company’s share price has increased by 164% per year, which means it is tracking significantly ahead of earnings growth. Announcement • Feb 07
MIC Electronics Limited to Report Q3, 2023 Results on Feb 14, 2023 MIC Electronics Limited announced that they will report Q3, 2023 results on Feb 14, 2023 Valuation Update With 7 Day Price Move • Dec 08
Investor sentiment improved over the past week After last week's 17% share price gain to ₹13.10, the stock trades at a trailing P/E ratio of 59.5x. Average trailing P/E is 51x in the Semiconductor industry in India. Total returns to shareholders of 1,771% over the past three years.