MICELIndustrials

MIC Electronics Limited

Other Industrial Products · ISIN INE287C01037 · BSE 532850 · NSE BE · FV ₹2
Last price
₹34
-0.73%today
What this company does

MIC Electronics Limited operates in Other Industrial Products, part of the Industrials sector. It booked ₹44 cr of revenue in its latest quarter (Q1 FY27) and kept 4.9% of sales as profit. It is the 9th largest of 9 Other Industrial Products companies we track, by market value.

In the report:
42out of 100
Equitytale Health Score
Strained

Healthier than 42% of companies in Industrials, on all six measures of filed financials. Each measure is ranked against the 60–290 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
34

At close. Not part of the score.

Profitability & returns28

How much profit it earns on the money it employs

Balance sheet49

How much it owes, and whether earnings cover the interest

Cash quality1

Whether reported profit actually arrives as cash · lowest in its sector on what we could measure

Growth & consistency90

Whether sales and profit have grown, and how steadily

Valuation18

What today's price implies, against our models or its peers

Governance & risk86

How much of the promoters' stake is pledged, and how much they hold

Is this company doing well?
not investment advice
Strengths
Makes a profit
Promoters hold 42%
Watch-outs
! Thin 4.9% net margin
! Profit down 38% vs last year
! 3.7% of promoter stake pledged
! Low 3.9% return on equity
! Operating cash flow is negative

What if I invest in MICEL?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 10% a year, it would become
₹20.15 lakh

The starting rate is a round number, not a view on this company — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹34 -0.73%
latest close · 2026-09-17
52-wk low ₹14174 sessions so far52-wk high ₹43
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio94.6High
LowAverageHigh
P/B ratio3.80High
Below bookModerateHigh
EV / EBITDA48.2High
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity3.9%Weak
WeakFairStrong ▸15%
Return on capital6.2%Weak
WeakFairStrong
Net margin4.9%Thin
ThinDecentStrong
EBITDA margin10.3%Decent
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.20Comfortable
LowModerateHigh ▸1
Interest cover2.5×Okay
RiskyOkayStrong ▸5×
Current ratio1.91Healthy
Tight ◂1HealthyAmple
More figures
Market cap
₹821 cr
Book value
₹9
EPS
₹0.09
latest quarter
Net debt
₹44 cr
owes more than its cash
Enterprise value
₹865 cr
EBITDA
₹18 cr
annualised
EBIT
₹14 cr
annualised
Operating margin
8.1%
Return on assets
2.4%
Earnings yield
1.06%
P/S
4.69
Sales / share
₹7.3
Tax rate
0.0%
Face value
₹2
Shares
24.1 cr
Working capital
₹116 cr
Current assets
₹243 cr
Current liabilities
₹127 cr
Delivery %
69.4%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the FY 2025 report & filings
not investment advice
Hard to value confidentlyLow confidence
One year's profit is a one-off (far above the multi-year norm), so its recurring earnings power is unclear.
Models span ₹2₹2, midpoint ₹2

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹44 cr
Other Income₹21.6 L
Total Income₹44 cr
Cost of Materials₹4 cr
Purchases of Stock-in-Trade₹31 cr
Inventory Change (±)₹-2 cr
Employee Benefit Expense₹2 cr
Finance Costs₹1 cr
Depreciation & Amortisation₹96.1 L
Other Expenses₹4 cr
Total Expenses₹42 cr
Profit before Tax₹2 cr
Tax Expense₹0 cr
Net Profit₹2 cr
Net margin on total income4.9%
Where the money goes · Q1 FY27
% of total income
Materials + stock-in-trade₹33 cr75.2%
Employee benefit expense₹2 cr5.5%
Finance costs₹1 cr3.2%
Depreciation & amortisation₹96.1 L2.2%
Other expenses₹4 cr9.0%
Profit for the period₹2 cr4.9%
Total income ₹44 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue90 cr51 cr44 cr
Total income90 cr51 cr44 cr
Expenses88 cr40 cr42 cr
Profit before tax2 cr11 cr2 cr
Tax0 cr29 cr0 cr
Net profit (owners' share)2 cr-18 cr2 cr
Net margin (owners' share, on revenue)2.1%-36.1%4.9%
EPS (₹)0.08-0.760.09
YoY (latest quarter): total income -2.7% · net profit -38.0%
Balance sheet & cash flow · as of Mar 2026
Low debt
Total assets
₹354 cr
Shareholder equity
₹216 cr
parent shareholders
Total debt
₹44 cr
Cash
₹28.9 L
Cash flow · H1 FY26
Operating
₹-2 cr
Investing
₹-87 L
Financing
₹-3 cr
Peer comparison
Other Industrial Products · by market value
CompanyPriceMarket capP/E
HBL Engineering Limited₹757₹20,977 cr47.9
INOX India Limited₹2,015₹18,287 cr78.7
KRN Heat Exchanger and Refrigeration Limited₹1,393₹9,117 cr67.0
Esab India Limited₹5,619₹8,646 cr38.5
Subros Limited₹690₹4,500 cr27.1
Harsha Engineers International Limited₹434₹3,950 cr26.4
Ador Welding Limited₹1,564₹2,722 cr24.7
Diffusion Engineers Limited₹436₹1,631 cr24.4
MIC Electronics Limitedthis company₹34₹821 cr94.6
Same industry · latest reported numbers · not a recommendation.
Who owns it · 2026-09-04
3.7% pledged
Promoter
41.7%
FII / Foreign
20.4%
DII / Domestic
0.0%
Retail / others
37.9%
Promoter stake down 32.9% over the last 12 quarters.
Smart-money activity
Bulk / block deals
SoldSAUMIK KETANKUMAR DOSHI · NSE12.89 L @ ₹43.55 Jun 26
BoughtSAUMIK KETANKUMAR DOSHI · NSE16.02 L @ ₹55.828 May 26
SoldSAUMIK KETANKUMAR DOSHI · NSE13.47 L @ ₹55.628 May 26
Stake changes
SoldRRK Enterprise Private Limited · promoter→ 44.90% · 54.97 L7 May 26
SoldRRK Enterprise Private Limited→ 47.18% · 50.00 L18 Feb 26
SoldRRK Enterprise Private Limited · promoter→ 49.27% · 70.00 L14 Nov 25
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Yearly shareholder meeting · 16 Sep 2026
See the official result
1
To receive, consider and adopt the Audited Standalone and Consolidated Financial Statements of the Company for the Financial Year ended March 31, 2026, including Audited Balance Sheet, the Statement of Profit & Loss and Cash Flow Statement for the Financial Year ended on March 31, 2026 together with the Reports of the Board of Directors and Statutory Auditors thereon.
Backed by 86% of shareholders other than promotersneeded 75%
2.11 L votes for, 34,653 against · 0% of mutual funds and other big investors said no
2
To appoint a director in place of Mr. Sivanand Swamy Mitikiri (DIN: 10166966), who retires by rotation and being eligible offers himself for re-appointment to the office of Director.
Backed by 86% of shareholders other than promotersneeded 50%
2.11 L votes for, 35,419 against · 0% of mutual funds and other big investors said no
3
To re-appoint M/s. Bhavani & Co., Chartered Accountants as Statutory Auditors of the Company for a second consecutive term of five years.
Backed by 87% of shareholders other than promotersneeded 50%
2.15 L votes for, 31,349 against · 0% of mutual funds and other big investors said no
4
To Approve the Related Party Transaction(s) with M/s. RRK Enterprise Private Limited.
Promoters had a personal stake in this
Backed by 85% of shareholders other than promotersneeded 50%
2.10 L votes for, 36,434 against · 0% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 5 named members
owning 41.7% between them · as of 2026-09-04
R R K ENTERPRISE PRIVATE LIMITED36.33%
SIVA LAKSHMANARAO KAKARALA2.63%
SATYAVATHI KAKARALA1.08%
BINDHU SREE KAKARALA0.85%
KALYAN KAKARALA0.84%

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.