MIC Electronics Limited has recently announced a significant achievement. The company has secured a substantial order worth Rs. 2,54,73,441.45 from the Northern Railway Zone’s Lucknow Division. This order is for the provision of an Integrated Passenger Information System at several key stations in preparation for the Mahakumbh-2025.
Table of Contents
Company Overview
MIC Electronics Limited is a prominent Indian company based in Hyderabad, specializing in the electronics and technology sector. Established with a vision to lead in electronic solutions, MIC Electronics focuses on designing, developing, and manufacturing advanced electronic products.
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Business Overview
MIC Electronics Limited operates across several domains within the electronics industry. The company’s core business areas include the development of LED displays, which are utilized for public information systems, advertising, and entertainment purposes. Additionally, MIC Electronics provides Integrated Passenger Information Systems (IPIS), particularly for railway stations, to enhance passenger communication and operational efficiency.
Details of the Order
The order involves installing the Integrated Passenger Information System at three important stations: PRG, PYGS, and PFM. This system will enhance passenger experience by providing real-time information, improving efficiency, and supporting smooth operations at these stations during the upcoming Mahakumbh event.
MIC Electronics Limited is expected to complete this project within 9 months from the date of receiving the Letter of Acceptance. This timeline ensures that the system will be operational well before the Mahakumbh-2025, which is a major event attracting a large number of pilgrims and visitors.
The new system will likely bring several benefits to the stations, including better passenger communication and improved management of station operations. This upgrade is crucial for handling the high volume of passengers expected during the Mahakumbh-2025, making travel more convenient and efficient.
Read the official notification here
Recent Financial Performance
| Metric | Quarter Ended June 2024 | Quarter Ended June 2023 | % Change |
|---|---|---|---|
| Sales (₹ Crore) | 10.71 | 7.02 | 52.56% |
| Net Profit (₹ Crore) | 1.97 | 1.24 | 58.87% |
For the quarter ended June 2024, the company’s sales increased by 52.56%, rising from ₹7.02 crore in June 2023 to ₹10.71 crore. Similarly, net profit saw a significant boost of 58.87%, climbing from ₹1.24 crore in June 2023 to ₹1.97 crore in June 2024.
Key Financial Metrics
| Metric | Value |
|---|---|
| Market Cap | ₹ 1,888 Cr. |
| Price to Earnings Ratio (P/E) | 33.8 |
| Industry P/E | 78.8 |
| Price to Book Value (P/BV) | 14.3 |
| Industry P/BV | 7.18 |
| Return on Equity (ROE) | 60.3% |
| Return on Capital Employed (ROCE) | 12.3% |
| Return on Assets (ROA) | 51.3% |
| Debt to Equity | 0.10 |
With a Price to Earnings (P/E) ratio of 33.8, it is trading below the industry average P/E of 78.8, suggesting it might be undervalued compared to its peers. However, the Price to Book Value (P/BV) ratio is 14.3, which is significantly higher than the industry average of 7.18, indicating that investors are willing to pay a premium for the company’s stock.
The company demonstrates strong profitability metrics, with a Return on Equity (ROE) of 60.3% and a Return on Assets (ROA) of 51.3%, reflecting efficient management and a robust ability to generate profits from its equity and assets.
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Stock Performance
| Time Period | Returns |
|---|---|
| All time | 334.43% |
| Past 5 Years | 334.43% |
| Past 1 Year | 167.60% |
| Past 1 month | -6.58% |
The stock has delivered a return of 149.4% CAGR over the last 5 years.
Shareholding Pattern
| Shareholder Category | Holding (%) |
|---|---|
| Promoters | 67.51% |
| Foreign Institutional Investors (FII) | 8.38% |
| Domestic Institutional Investors (DII) | 0% |
| Public | 24.11% |
The Bottom Line
MIC Electronics Limited’s successful acquisition of this order highlights its capability and commitment to providing advanced solutions for major infrastructure projects. The company is well-positioned to meet the needs of the Northern Railway Zone and contribute significantly to the smooth running of the Mahakumbh-2025 event.
Disclaimer: This information is for educational purposes only and does not constitute financial advice. Always conduct your own research and consult with financial professionals before making investment decisions.
For more information, visit the official site.