MICEL
MIC Electronics share price & financials
- Price
- ₹42.29
- Market cap
- ₹1.1k Cr
- Sector
- Capital Goods
What MIC Electronics Limited does
MIC Electronics operates through three segments: LED Products (including Passenger Information System displays supplied to Indian Railways), Medical & other appliances, and Automobiles (EVs). It is also developing railway-specific electronics such as Emergency Lighting Units, Public Announcement Passenger Information Systems, Roof Mount Packaging Units and Integrated Power Supplies, and has applied for certification of Smart Energy Meters. Its wholly-owned subsidiary SOA Electronics Trading LLC (Dubai, UAE) trades in electrical & electronics spare parts, and it has a second wholly-owned subsidiary, MICK Digital India Limited.
Segments
- LED Products
- Medical & other appliances
- Automobiles (EVs)
- Business segments
- 3 (LED Products; Medical & other appliances; Automobiles/EVs)
- Wholly-owned subsidiaries
- 2 (SOA Electronics Trading LLC, Dubai, UAE; MICK Digital India Limited)
- International presence
- Dubai, UAE (via subsidiary SOA Electronics Trading LLC, electrical & electronics spare-parts trading)
- Railway product pipeline
- Prototype approvals obtained for EMU and PAPIS; RMPU and IPS under development; Smart Energy Meter certification awaited
Quarterly results
Q1 FY27: revenue up 5.9%, net profit up 4.8% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 11 | 12 | 28 | 12 | 12 +9% | 13 +7% | 51 +81% | 12 +6% |
| EBITDA | 4 | 3 | 8 | 4 | 4 +6% | 3 +1% | 13 +59% | 4 −5% |
| Net profit | 2 | 2 | 4 | 2 | 2 +5% | 1 −34% | -18 −619% | 2 +5% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance −52.4% 1Y
1Y: ₹74.61 on 10 Sept 2025 → ₹35.49. High ₹74.61 (10 Sept 2025), low ₹29.97 (30 Mar 2026).
Financials, as filed
Revenue grew 80.3% a year over 3 years, FY23 to FY26. Operating margin widened to 28.3%.
| Year ending | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Revenue | ₹15 Cr | ₹55 Cr | ₹62 Cr | ₹87 Cr |
| Operating profit | ₹1 Cr | ₹12 Cr | ₹18 Cr | ₹25 Cr |
| Operating margin | 7.2% | 22.5% | 29.2% | 28.3% |
| Interest | ₹1 Cr | ₹2 Cr | ₹5 Cr | ₹6 Cr |
| Depreciation | ₹3 Cr | ₹2 Cr | ₹2 Cr | ₹4 Cr |
| Net profit | ₹-0 Cr | ₹62 Cr | ₹10 Cr | ₹-13 Cr |
| Net margin | -1.1% | 113.3% | 15.9% | -15.0% |
| Cash from operations | ₹-6 Cr | ₹-13 Cr | ₹2 Cr | ₹4 Cr |
| Free cash flow | ₹-9 Cr | ₹3 Cr | ₹-22 Cr | ₹2 Cr |
| ROCE | 1.0% | 12.0% | 9.0% | 9.0% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹44 Cr | ₹44 Cr | ₹44 Cr | ₹44 Cr | ₹48 Cr | ₹48 Cr |
| Reserves | ₹-46 Cr | ₹16 Cr | ₹16 Cr | ₹78 Cr | ₹180 Cr | ₹160 Cr |
| Borrowings | ₹33 Cr | ₹1 Cr | ₹11 Cr | ₹12 Cr | ₹46 Cr | ₹44 Cr |
| Other liabilities | ₹26 Cr | ₹2 Cr | ₹3 Cr | ₹7 Cr | ₹76 Cr | ₹59 Cr |
| Total liabilities | ₹57 Cr | ₹63 Cr | ₹73 Cr | ₹141 Cr | ₹350 Cr | ₹311 Cr |
| Fixed assets | ₹46 Cr | ₹44 Cr | ₹41 Cr | ₹26 Cr | ₹48 Cr | ₹46 Cr |
| Capital work in progress | ₹0 Cr | ₹0 Cr | ₹3 Cr | ₹0 Cr | ₹0 Cr | ₹1 Cr |
| Investments | ₹0 Cr | ₹3 Cr | ₹3 Cr | ₹0 Cr | ₹0 Cr | ₹51 Cr |
| Other assets | ₹10 Cr | ₹16 Cr | ₹26 Cr | ₹115 Cr | ₹302 Cr | ₹213 Cr |
| Total assets | ₹57 Cr | ₹63 Cr | ₹73 Cr | ₹141 Cr | ₹350 Cr | ₹311 Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Sep 2026
Since Sep 2025, FIIs added +20.20 pp while promoters trimmed −16.28 pp. The shareholder count shrank 10% to 2,14,987.
- Promoters
- 41.7%
- FIIs
- 20.4%
- Public
- 37.9%
Since Sep 2025
- FIIs +20.20 pp
- Promoters −16.28 pp
- Public −3.90 pp
How it drifted, 12 quarters
Over this window promoters fell from 74.6% to 41.7% — −32.9 pp.
Ownership split by quarter, oldest first. Dec '23: Promoters 74.6%, Public 25.4%.Mar '24: Promoters 74.6%, Public 25.4%.Jun '24: Promoters 67.5%, FIIs 8.4%, Public 24.1%.Sep '24: Promoters 66.5%, FIIs 4.8%, Public 28.8%.Dec '24: Promoters 66.5%, FIIs 4.2%, Public 29.4%.Mar '25: Promoters 66.5%, FIIs 3.8%, Public 29.7%.Jun '25: Promoters 62.1%, FIIs 3.1%, Public 34.8%.Sep '25: Promoters 58.0%, FIIs 0.2%, Public 41.8%.Dec '25: Promoters 55.5%, FIIs 0.2%, Public 44.3%.Mar '26: Promoters 51.7%, FIIs 1.8%, Public 46.5%.Jun '26: Promoters 51.6%, FIIs 5.6%, Public 42.8%.Sep '26: Promoters 41.7%, FIIs 20.4%, Public 37.9%.
Who bought this quarter
since Jun 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- Ebisu Global Opportunities Fund Limited FPI fund newly disclosed 8.65% held
- Unico Global Opportunities Fund Limited FPI fund newly disclosed 8.10% held
- Tavas Advisory & Consulting (FZE) newly disclosed 3.24% held
The same filing shows 6 holders trimming and 1 off the list — both are in the register beside this.
Who is on the register
Named in the Sep 2026 filing
Every holder of MIC Electronics Limited above SEBI's 1% disclosure line, and what changed since Jun 2026.
| Holder | Stake | Change |
|---|---|---|
| R R K Enterprise Private Limited | 36.33% | −8.58 pp |
| Ebisu Global Opportunities Fund Limited FPI fund | 8.65% | newly disclosed |
| Unico Global Opportunities Fund Limited FPI fund | 8.10% | newly disclosed |
| Maybank Securities Pte Ltd FPI fund | 3.58% | −0.85 pp |
| Tavas Advisory & Consulting (FZE) | 3.24% | newly disclosed |
| Siva Lakshmanarao Kakarala | 2.63% | −0.62 pp |
| Satyavathi Kakarala | 1.08% | −0.25 pp |
| Bindhu Sree Kakarala | 0.85% | −0.20 pp |
| Kalyan Kakarala | 0.84% | −0.20 pp |
| Saumik Ketankumar Doshi | — | off the list |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
Learn to analyse MIC Electronics Limited
Guides on how to read this kind of business and the numbers that matter.