MIC Electronics Limited (MICEL) AI Stock Analysis

• Market Cap: ₹9.58B
• Dividend Yield: N/A
• Average Volume (3M): 2.79M
• Price to Earnings (P/E): 137.3
• Beta (1Y): 2.54
• Revenue Growth: 34.94%
• EPS Growth: -84.31%
• Country: IN
• Employees: 82
• Sector: Technology
• Sector Strength: 88
• Industry: Hardware, Equipment & Parts
• EPS (TTM): 0.08
• Shares Outstanding: 241,011,570
• 10 Day Avg. Volume: 495,336
• 30 Day Avg. Volume: 2,788,896
• PEG Ratio: -1.62
• Price to Book (P/B): 6.05
• Price to Sales (P/S): 14.21
• P/FCF Ratio: -18.44
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 43 Neutral
• Price Target: ₹36.00 ▼(-19.64% Downside)
• Action: Reiterated Date: 01/30/26
• Date: Action: Reiterated 01/30/26

The score is held down primarily by weak cash-flow quality (negative free cash flow and poor cash conversion) and an expensive valuation (P/E ~98). Technicals are also soft with a negative MACD and the stock trading below key longer-term moving averages, partially offset by recent revenue growth and positive operating margins.

Positive Factors

Strong revenue growth

Very strong top-line growth (153% reported) indicates the company is winning demand or contracts in its electronics/telecom niches. Durable revenue expansion provides scale benefits, supports investment in product development and fixed-cost absorption, and creates a base to improve margins and fund strategic priorities over months.

Negative Factors

Consistent negative free cash flow

Repeated negative free cash flow means the business is not generating surplus cash after investments, forcing reliance on external financing or asset moves to fund growth and working capital. Over a 2–6 month horizon, persistent FCF deficits can constrain liquidity, limit reinvestment, and raise refinancing risk.

MIC Electronics Limited Business Overview & Revenue Model

Company Description

MIC Electronics Limited designs, develops, manufactures, and sells LED video displays, and electronic and telecommunication equipment worldwide. The company offers indoor lighting products comprising area lights, down lights, tube lights, and bulb...

Read more

MIC Electronics Limited designs, develops, manufactures, and sells LED video displays, and electronic and telecommunication equipment worldwide. The company offers indoor lighting products comprising area lights, down lights, tube lights, and bulb...

How the Company Makes Money

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MIC Electronics Limited Financial Statement Overview

Breakdown	TTM	Mar 2025	Mar 2024	Mar 2023	Mar 2022	Mar 2021
Income Statement
Total Revenue	944.82M	947.64M	545.75M	58.92M	449.47M	10.90M
Gross Profit	159.26M	229.65M	155.36M	78.70M	85.57M	3.66M
EBITDA	169.44M	192.85M	209.15M	26.93M	76.79M	14.96M
Net Income	79.08M	96.94M	618.39M	2.44M	29.63M	-54.16M
Balance Sheet
Total Assets	3.50B	3.14B	1.41B	874.00M	750.75M	649.52M
Cash, Cash Equivalents and Short-Term Investments	92.50M	142.41M	8.92M	8.00M	1.43M	1.04M
Total Debt	458.52M	435.70M	116.54M	161.60M	78.84M	328.50M
Total Liabilities	1.22B	914.00M	187.97M	233.80M	113.01M	599.45M
Stockholders Equity	2.28B	2.23B	1.22B	601.20M	627.74M	50.07M
Cash Flow
Free Cash Flow	-5.59M	-730.18M	-97.42M	-87.10M	-658.60M	-1.46B
Operating Cash Flow	3.24M	-486.65M	-97.42M	-47.60M	-575.79M	-1.46B
Investing Cash Flow	-28.64M	-671.93M	155.28M	-49.70M	-86.07M	204.75M
Financing Cash Flow	-31.66M	1.22B	-52.27M	98.10M	662.25M	1.26B

MIC Electronics Limited Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 44.80
• 50DMA: Positive
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:MICEL, the sentiment is Neutral. The current price of 44.8 is above the 20-day moving average (MA) of 33.72, above the 50-day MA of 37.30, and below the 200-day MA of 47.71, indicating a neutral trend. The MACD of 0.11 indicates Negative momentum. The RSI at 64.48 is Neutral, neither overbought nor oversold. The STOCH value of 92.31 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IN:MICEL.

MIC Electronics Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SAKSOFT	68 Neutral	₹17.85B	21.87	―	0.42%	21.17%	27.66%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
IKIO	56 Neutral	₹10.90B	38.21	―	0.55%	11.73%	-64.05%
ELIN	53 Neutral	₹5.86B	56.01	―	―	12.53%	119.28%
SUBEXLTD	46 Neutral	₹4.96B	56.55	―	―	-9.53%	96.99%
MICEL	43 Neutral	₹9.58B	137.28	―	―	34.94%	-84.31%
TVSELECT	43 Neutral	₹7.55B	487.30	―	0.22%	9.71%	14.13%

MIC Electronics Limited Corporate Events