Scrip Watch

MIC Electronics Ltd

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MIC Electronics Ltd

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:

  1. Long Term Debt to Equity – 0.1
  2. ROE % – NA
  3. 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

 

 

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

 

 

 

 

 

 

 

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