MIC Electronics

NSE: MICEL · Other Industrial Products

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52W Range₹30 – ₹58

Snapshot

Unlock MIC Electronics's vital signs

Growth · Profitability · Valuation · Strength · Conviction

Company Overview

Business

MIC Electronics Limited is an Indian manufacturer specialising in LED video displays, electronic equipment, and telecommunication infrastructure. The company provides a diverse portfolio ranging from indoor and outdoor lighting solutions to passenger information systems and oxygen concentrators.

Business Model

The company generates revenue through the design, development, and sale of LED display systems and lighting products across industrial, commercial, and public infrastructure sectors. It serves a global market by providing both standard lighting solutions and application-specific electronic displays.

Growth Outlook

Growth is driven by the increasing demand for digital infrastructure, smart city lighting projects, and passenger information systems in the transportation sector. The company continues to leverage its expertise in LED technology to expand its footprint in both domestic and international markets.

Key Risks

  • Technological Obsolescence. Rapid advancements in LED and display technology require constant innovation to maintain market competitiveness.
  • Supply Chain Volatility. Dependence on global electronic components and raw materials exposes the company to price fluctuations and supply disruptions.
  • Intense Competition. The industrial electronics sector faces significant pressure from both domestic and international low-cost manufacturers.
  • Project Execution Risk. Delays in large-scale infrastructure and government-led projects can adversely impact revenue recognition and cash flow.

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Key Metrics

P/E

-72.0×

Q1 FY27 · consolidated

-72.0 vs 382.3x5Y avg

EV/EBITDA

33.0x

Q1 FY27 · consolidated

33.0 vs 87.6x5Y avg

DEBT TO EQUITY

0.2x

Q1 FY27 · consolidated

+0.00xYoY

Peers · Other Industrial Products

CompanyMkt CapP/E (TTM)EV/EBITDARev Gr YoYEBITDA MgnROEROCE1Y Return
MIC ElectronicsMICEL
₹837 Cr-72.0×33.04—12.0%-5.5%9.9%-38.2%
Oriental Rail Infrastructure LimitedORIRAIL
₹850 Cr17.7×10.90-0.7%16.6%12.3%20.2%-14.9%
Hy-Tech Engineers LimitedHTEL
₹676 Cr———22.0%———
Mallcom (India)MALLCOM
₹609 Cr21.8×12.693.9%10.9%8.7%13.8%-27.0%
Simplex CastingsSIMPLEXCAS
₹576 Cr5.5×14.8215.3%19.3%27.5%32.8%-67.4%
Sealmatic IndiaSEALMATIC
₹435 Cr———15.0%——-14.3%

As of Q1 FY27

Financials