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Swing Capital

MIC Electronics Ltd

NSE: MICEL BSE: 532850Auto

Incorporated in 1988, MIC Electronics Ltd is in the business of LED Products, Medical & other appliances, and Automobiles (EVs)[1]

₹42.2
52W: ₹30 — ₹83
PE 0 · Book ₹8.65 · +388% vs book
Market Cap₹1,016 Cr
Stock P/E—Price to Earnings
ROCE8.52%Return on Capital
ROE6.1%Return on Equity
Div. Yield0%Face Value ₹2

Strengths

  • +Company is expected to give good quarter

Weaknesses

  • −Stock is trading at 4.92 times its book value
  • −Promoter holding has decreased over last quarter: -3.82%
  • −Company has a low return on equity of 10.7% over last 3 years.
  • −Company has high debtors of 430 days.

Shareholding Pattern

Promoters51.7%
FIIs1.83%
DIIs0%
Public46.46%
CategoryJun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters67.51%66.46%▼1.166.46%66.48%▲0.062.06%▼4.458.01%▼4.155.52%▼2.551.7%▼3.8
FIIs8.38%4.77%▼3.64.15%▼0.63.8%▼0.43.13%▼0.70.16%▼3.00.16%1.83%▲1.7
DIIs0%0%0%0%0%0%0%0%
Public24.11%28.76%▲4.729.38%▲0.629.72%▲0.334.81%▲5.141.82%▲7.044.32%▲2.546.46%▲2.1

Financial Statements

MetricDec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales17231111122812121351
Expenses15188882088938
Operating Profit35343844313
OPM %15%24%24%32%29%30%35%31%28%26%
Net Profit3502224221-18
EPS ₹0.122.240.080.090.090.150.070.090.06-0.76

AI Insights

Revenue Trend

Mar 2026 revenue at ₹87Cr, up 40.3% YoY. OPM at 28%.

Debt Position

Borrowings at ₹44Cr. Debt-to-equity ratio: 0.28x. Healthy balance sheet.

Institutional Flow

DIIs: 0% (+0.00pp change). FIIs: 1.83% (+1.83pp change). Promoters hold 51.7%.

Margin & Efficiency

ROCE improving from 1% (Mar 2015) to 9% (Mar 2026). Working capital days: 192.

Recent Announcements