MIC Electronics Ltd
Electric Components
FV – Rs 2; 52wks H/L –23.65/12.8; TTQ – 1.69 Lacs; CMP – Rs 14.59 (As On February 8, 2017);
Market Cap – Rs 258 Crs
Consolidated Financials and Valuations for FY16 (Amt in Rs Crs unless specified)
Equity Capital |
Net worth |
Long Term Debt | Total Sales |
PAT | BV (Rs) |
EPS (Rs) |
P/E |
Industry P/E |
P/BV |
Promoter’s Stake |
Beta |
| 33.23 | 209 | 19 | 221 | -110.89 | 13 | -6.67 | – | 25.31 | 1.1 | 19.91 | 1.73 |
Consolidated Financials and Valuations for H1 FY17
Equity Capital |
Net worth |
Long Term Debt | Total Sales |
PAT | BV (Rs) |
EPS (Rs) |
P/E |
Industry P/E |
P/BV |
Promoter’s Stake |
Beta |
| 35.39 | 219 | 41 | 106 | 6.37 | 12 | 0.36 | 40.53 | 25.31 | 1.2 | 19.91 | 1.73 |
Valuation Parameters:
- Long Term Debt to Equity – 0.1
- ROE % – NA
- Market Cap/Sales – 1.2
MIC Electronics Ltd has informed the BSE that the company has received Letter of Award for supply 20,000 standalone offgrid solar LED street lights at a contract price of ₹32.85 crore. http://www.thehindubusinessline.com/companies/mic-electronics-bags-new-order/article9420373.ece
The company was one of three companies awarded a contract for supply of a new LED-based coach light fixture to the Indian Railways. This is the Railways initial foray into this type of lighting. While this initial order will furnish lights sufficient for 60 coaches, these type of fixtures will now become standard fittings in all new Railway caches and will also be used as retrofit devices in old running coaches. This has a potential market of more than 120,000 coaches for the Indian Railways alone. http://www.thehindubusinessline.com/companies/mic-electronics-gets-patent-for-led-digiposter-bags-order-from-railways/article9080720.ece
Overview:
- MIC Electronics Ltd is a manufacturer of electric lighting equipment.
- The Company is also engaged in manufacturing of light emitting diode (LED) displays and LED lighting. Its LED displays include indoor displays, outdoor displays, mobile displays and application specific displays.
- It offers LED lightings in various ranges, including indoor lighting, solar lighting, outdoor lighting and portables.
- Its indoor LED displays include digital posters and indoor video screens; outdoor LED displays include ticker displays, digital posters, perimeter displays, outdoor video walls and digital billboards; mobile LED displays include displays for trucks and trailers, and application specific LED displays include passenger information displays and digital theme park displays.
- Its indoor lighting includes tube lights and bulbs; solar lighting includes home lights and street lights; outdoor lighting includes parking lights and industrial lights, and portables include angel and lanterns.
- The Company has 3 wholly own subsidiaries namely, MIC Electronics Inc., MIC Green Energy Solutions Pvt Ltd and MIC Candilux Pvt Ltd.
Management:
- M.V. Ramana Rao – MD
- L.N. Malleswara Rao – CFO
Major Non – Promoter Holdings:
| Sr.No | Non – Promoters | No. of shares held | % of shares held |
| 1 | D Hitesh Chenchu Ram | 1800000 | 1.02 |
| 2 | Yarlagadda Raghu Veer | 5950000 | 3.36 |
| 3 | Prabhakar Rao Mandava | 2920277 | 1.65 |
| 4 | Srinivasa Rao Nimmagadda | 1950065 | 1.1 |
| 5 | Naga Malleswara Rao Lingamaneni | 2424234 | 1.37 |
| 6 | Venkata Ram Atluri | 2652255 | 1.5 |
| 7 | Ideamax Consultancy Services Pvt.Ltd | 21742000 | 12.29 |
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Consolidated Financial Trends (In Rs. Crs) :
| Particulars | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
| Equity Paid Up | 33.23 | 23.78 | 20.5 | 20.5 | 20.5 | 20.5 |
| Networth | 209 | 306 | 300 | 345 | 359 | 406 |
| Total Debt | 114 | 116 | 104 | 136 | 128 | 112 |
| Net Sales | 221 | 162 | 98 | 85 | 143 | 233 |
| Other Income | 3 | 4 | 2 | 7 | 8 | 18 |
| PAT | -110.89 | 1.8 | -45.06 | -14.65 | -63.45 | 33.92 |
| Book Value (Rs) | 13 | 26 | 29 | 34 | 35 | 40 |
| EPS (Rs) | -6.67 | 0.15 | -4.40 | -1.43 | -6.19 | 3.31 |
During current year the company has issued and subscribed 47214848 fully paid up equity shares of Rs.2 each
